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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 LLC
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. Morgan, Lewis & Bockius 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, 2015
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Item 1. Reports to Shareholders.
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2015 SEMI-ANNUAL REPORT
EQUITY FUNDS
SEPTEMBER 30, 2015
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, 2015
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RIDGEWORTH FUNDS September 30, 2015
Dear Valued Shareholder,
Thank you for your continued business and support. Our mission is to help you achieve your investment goals and we are grateful you have placed your confidence in us. We strive to earn your trust through competitive investment performance and excellent client service and we hope we have met your expectations in both of these measures. We look forward to continuing to serve you in the years to come.
The financial markets were volatile during the third calendar quarter after being relatively calm for the preceding three months. Concerns about global economic momentum, an earnings recession, and the timing of the first interest rate hike by the Federal Reserve pushed stocks lower in the third calendar quarter, generating the first correction greater than 10% in nearly four years. Bonds gained during this period, though widening credit spreads continued to pressure the high yield market.
The macro picture during the period was one of shifting crosscurrents both domestically and internationally, which put investors on edge. At home, consumer fundamentals continued to improve with additional job growth, a further decline in the unemployment rate, rising home values, and increasing personal income fueling a rise in spending. U.S. businesses reacted to slowing global economic momentum and a rise in inventories by curbing output growth and announcing selective layoffs. Overall, growth in the developed international economies firmed and prior concerns, such as Greece, faded into the background. The slowing of China’s economy, and the resulting excess commodity supply, was a persistent headwind to the emerging markets, however.
Against this backdrop, investors expected the Federal Reserve (Fed) to begin normalizing monetary policy by raising the overnight federal funds rate modestly by September. While members of the Federal Open Market Committee were increasingly comfortable that the labor markets were strengthening and that inflation would likely return to its 2% target over the intermediate term, committee members delayed raising rates due to concerns that the international economic sluggishness and market volatility might exert negative spillover effects here at home. That said, the committee continued to suggest that an interest rate increase was likely in the near future.
The economic turmoil abroad and the possible unspoken motives behind the Fed’s inaction caused investors to sell risk assets. U.S. stocks lost ground, as the S&P 500 Index declined 6.2% during the six months through September 30, 2015. Domestic stocks outpaced international equities, which declined 9.7% as measured by the MSCI EAFE Index. Growth stocks largely outperformed value stocks, with the Russell 1000 Growth Index falling 5.2% compared to a negative 8.3% return for the Russell 1000 Value Index.
Fixed-income investments performed somewhat better during the six-month period, with the Barclays Capital Aggregate Bond Index off 0.47%. Investors favored high-quality bonds, particularly those issued by the U.S. government, in the wake of mounting global economic concerns. Such bonds also benefited from a strengthening U.S. dollar and weak commodity prices.
Looking ahead, we expect moderate economic growth will continue with limited inflation pressure at least over the near-term, highlighted by steady consumer spending bolstered by strengthening balance sheets, rising employment and lower gasoline and import prices. Headline inflation pressures will likely be limited through the end of 2015 and into 2016, due in large measure to lower oil prices, a stronger dollar, modest wage gains, and adequate manufacturing capacity. Despite the market correction, we believe that the risk of economic recession in the U.S. is on the low end and that corporate earnings should steady as we move into 2016. In all, these factors suggest that the financial markets’ fundamentals should be favorable in the near term.
The international picture is more complicated, but we expect additional gains in the developed economies, particularly the European Union, and possible early signs of stabilization in emerging markets amid a steady dose of monetary accommodation. These easing measures would help support the global financial markets and provide a generally better backdrop moving forward.
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LETTER TO SHAREHOLDERS (concluded)
RIDGEWORTH FUNDS September 30, 2015
We continue to believe the markets will continue to offer opportunities to careful investors, and that RidgeWorth’s bottom-up approach to security selection is well positioned to benefit in this environment. 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
Chief Executive Officer, Chief Investment Officer
RidgeWorth Investments
2
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INDUSTRY ALLOCATIONS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Aggressive Growth Stock Fund | ||||
Information Technology | 35.5% | |||
Consumer Discretionary | 33.6% | |||
Health Care | 19.6% | |||
Financials | 7.4% | |||
Industrials | 3.9% | |||
International Equity Fund | ||||
Health Care | 17.2% | |||
Information Technology | 17.0% | |||
Consumer Staples | 13.4% | |||
Industrials | 11.6% | |||
Materials | 10.4% | |||
Financials | 9.7% | |||
Consumer Discretionary | 9.6% | |||
Energy | 2.2% | |||
Money Market Funds | 8.9% | |||
Large Cap Growth Stock Fund | ||||
Information Technology | 33.2% | |||
Consumer Discretionary | 26.8% | |||
Health Care | 15.0% | |||
Industrials | 10.2% | |||
Consumer Staples | 6.4% | |||
Financials | 3.7% | |||
Materials | 2.6% | |||
Energy | 1.9% | |||
Money Market Fund | 0.2% | |||
Large Cap Value Equity Fund | ||||
Financials | 27.6% | |||
Information Technology | 18.4% | |||
Energy | 13.6% | |||
Health Care | 13.2% | |||
Industrials | 7.3% | |||
Consumer Staples | 5.7% | |||
Utilities | 4.1% | |||
Consumer Discretionary | 4.0% | |||
Materials | 2.4% | |||
Telecommunication Services | 1.9% | |||
Money Market Fund | 1.8% | |||
Mid-Cap Value Equity Fund | ||||
Financials | 28.6% | |||
Information Technology | 13.9% | |||
Industrials | 13.6% | |||
Energy | 11.3% | |||
Health Care | 10.5% | |||
Utilities | 9.8% | |||
Consumer Discretionary | 4.3% | |||
Materials | 2.5% | |||
Consumer Staples | 1.5% | |||
Money Market Funds | 4.0% |
Small Cap Growth Stock Fund | ||||
Health Care | 23.8% | |||
Information Technology | 22.8% | |||
Consumer Discretionary | 15.7% | |||
Industrials | 14.8% | |||
Financials | 5.4% | |||
Materials | 2.7% | |||
Energy | 2.5% | |||
Consumer Staples | 1.3% | |||
Telecommunication Services | 1.2% | |||
Money Market Funds | 9.8% | |||
Small Cap Value Equity Fund | ||||
Industrials | 28.4% | |||
Financials | 23.3% | |||
Consumer Discretionary | 21.4% | |||
Information Technology | 7.9% | |||
Consumer Staples | 6.6% | |||
Health Care | 4.2% | |||
Materials | 2.9% | |||
Utilities | 2.7% | |||
Energy | 2.2% | |||
Money Market Fund | 0.4% | |||
Aggressive Growth Allocation Strategy | ||||
Equity Funds | 69.2% | |||
Exchange Traded Funds | 17.7% | |||
Fixed Income Funds | 10.9% | |||
Money Market Fund | 2.2% | |||
Conservative Allocation Strategy | ||||
Fixed Income Funds | 51.2% | |||
Equity Funds | 27.2% | |||
Exchange Traded Funds | 20.4% | |||
Money Market Fund | 1.2% | |||
Growth Allocation Strategy | ||||
Equity Funds | 60.9% | |||
Exchange Traded Funds | 19.4% | |||
Fixed Income Funds | 18.7% | |||
Money Market Fund | 1.0% | |||
Moderate Allocation Strategy | ||||
Equity Funds | 43.9% | |||
Fixed Income Funds | 35.0% | |||
Exchange Traded Funds | 20.0% | |||
Money Market Fund | 1.1% |
Portfolio composition is subject to change.
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Aggressive Growth Stock Fund
Shares | Value($) | |||||||
Common Stocks 101.2% | ||||||||
Consumer Discretionary 34.0% | ||||||||
Alibaba Group Holding Ltd. SP ADR* | 9,600 | 566,112 | ||||||
Amazon.com, Inc.* | 3,900 | 1,996,371 | ||||||
Chipotle Mexican Grill, Inc.* | 1,550 | 1,116,388 | ||||||
HomeAway, Inc.* | 23,350 | 619,709 | ||||||
Lululemon Athletica, Inc.* | 13,000 | 658,450 | ||||||
Netflix, Inc.* | 18,100 | 1,869,006 | ||||||
Priceline Group Inc. (The)* | 900 | 1,113,174 | ||||||
Tesla Motors, Inc.* | 7,700 | 1,912,680 | ||||||
Vipshop Holdings Ltd. SP ADR* | 31,900 | 535,920 | ||||||
|
| |||||||
10,387,810 | ||||||||
|
| |||||||
Financials 7.4% | ||||||||
Charles Schwab Corp. (The) | 37,100 | 1,059,576 | ||||||
First Republic Bank | 14,300 | 897,611 | ||||||
PRA Group, Inc.* | 6,000 | 317,520 | ||||||
|
| |||||||
2,274,707 | ||||||||
|
| |||||||
Health Care 19.8% | ||||||||
Alexion Pharmaceuticals, Inc.* | 4,300 | 672,477 | ||||||
BioMarin Pharmaceutical, Inc.* | 5,800 | 610,856 | ||||||
Celgene Corp.* | 13,850 | 1,498,155 | ||||||
Exact Sciences Corp.* | 26,500 | 476,735 | ||||||
Gilead Sciences, Inc. | 8,800 | 864,072 | ||||||
Illumina, Inc.* | 3,250 | 571,415 | ||||||
Medidata Solutions, Inc.* | 13,500 | 568,485 | ||||||
Regeneron Pharmaceuticals, Inc.* | 1,700 | 790,738 | ||||||
|
| |||||||
6,052,933 | ||||||||
|
| |||||||
Industrials 4.0% | ||||||||
XPO Logistics, Inc.* | 50,800 | 1,210,564 | ||||||
|
|
Shares | Value($) | |||||||
Information Technology 36.0% | ||||||||
Alliance Data Systems Corp.* | 3,000 | 776,940 | ||||||
Alphabet, Inc., Cl A* | 1,650 | 1,053,310 | ||||||
Baidu, Inc. SP ADR* | 3,200 | 439,712 | ||||||
Criteo SA SP ADR* | 9,700 | 364,138 | ||||||
Facebook, Inc., Cl A* | 17,000 | 1,528,300 | ||||||
LendingClub Corp.* | 59,200 | 783,216 | ||||||
LinkedIn Corp., Cl A* | 4,950 | 941,143 | ||||||
MercadoLibre, Inc. | 7,000 | 637,420 | ||||||
Palo Alto Networks, Inc.* | 5,000 | 860,000 | ||||||
Pandora Media, Inc.* | 40,000 | 853,600 | ||||||
PayPal Holdings, Inc.* | 5,000 | 155,200 | ||||||
Salesforce.com, Inc.* | 9,450 | 656,114 | ||||||
ServiceNow, Inc.* | 5,900 | 409,755 | ||||||
Splunk, Inc.* | 4,000 | 221,400 | ||||||
Zillow Group, Inc., Cl A* | 16,200 | 465,426 | ||||||
Zillow Group, Inc., Cl C* | 32,400 | 874,800 | ||||||
|
| |||||||
11,020,474 | ||||||||
|
| |||||||
Total Common Stocks |
| 30,946,488 | ||||||
|
| |||||||
Total Investments | 30,946,488 | |||||||
Liabilities in Excess of Other Assets — (1.2)% | (366,287 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 30,580,201 | ||||||
|
|
* | Non-income producing security. |
Investment Abbreviation
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
International Equity Fund
Shares | Value ($) | |||||||
Common Stocks 93.7% | ||||||||
Australia 2.9% | ||||||||
CSL Ltd.(a) | 10,104 | 636,663 | ||||||
|
| |||||||
Bermuda 3.5% |
| |||||||
Lazard Ltd., Cl A | 18,022 | 780,353 | ||||||
|
| |||||||
Canada 6.1% |
| |||||||
Canadian Pacific Railway Ltd. | 4,999 | 717,706 | ||||||
Constellation Software, Inc. | 1,500 | 628,719 | ||||||
|
| |||||||
1,346,425 | ||||||||
|
| |||||||
China 3.6% |
| |||||||
Kaisa Group Holdings Ltd.*(a)(b) | 423,000 | 85,145 | ||||||
Tencent Holdings Ltd.(a) | 42,100 | 709,156 | ||||||
|
| |||||||
794,301 | ||||||||
|
| |||||||
Denmark 15.3% |
| |||||||
Chr Hansen Holding A/S(a) | 17,737 | 993,283 | ||||||
Coloplast A/S, Cl B(a) | 10,260 | 727,891 | ||||||
Novo Nordisk A/S SP ADR | 18,449 | 1,000,674 | ||||||
Novozymes A/S, Cl B(a) | 15,886 | 693,742 | ||||||
|
| |||||||
3,415,590 | ||||||||
|
| |||||||
France 2.9% |
| |||||||
LVMH Moet Hennessy Louis Vuitton SE(a) | 3,803 | 648,952 | ||||||
|
| |||||||
India 2.1% |
| |||||||
HDFC Bank Ltd. ADR | 7,648 | 467,216 | ||||||
|
| |||||||
Ireland 6.2% |
| |||||||
Experian PLC(a) | 39,135 | 628,081 | ||||||
ICON PLC* | 10,471 | 743,127 | ||||||
|
| |||||||
1,371,208 | ||||||||
|
| |||||||
Japan 7.8% |
| |||||||
Keyence Corp.(a)(c) | 1,200 | 537,285 | ||||||
Sysmex Corp.(a) | 15,600 | 824,908 | ||||||
Uni-Charm Corp.(a)(c) | 21,500 | 381,511 | ||||||
|
| |||||||
1,743,704 | ||||||||
|
| |||||||
Mexico 1.9% |
| |||||||
Wal-Mart de Mexico SAB de CV(c) | 174,400 | 430,303 | ||||||
|
| |||||||
Netherlands 6.3% |
| |||||||
Core Laboratories NV(c) | 5,012 | 500,198 | ||||||
Sensata Technologies Holding NV* | 16,242 | 720,170 | ||||||
Yandex NV, Cl A* | 17,832 | 191,337 | ||||||
|
| |||||||
1,411,705 | ||||||||
|
| |||||||
South Africa 1.3% | ||||||||
Shoprite Holdings Ltd.(a) | 26,056 | 295,943 | ||||||
|
| |||||||
Spain 2.6% | ||||||||
Industria de Diseno Textil SA | 17,330 | 579,580 | ||||||
|
| |||||||
Sweden 3.1% | ||||||||
Svenska Cellulosa AB SCA, Cl B(a) | 24,610 | 689,622 | ||||||
|
| |||||||
Switzerland 12.8% | ||||||||
ACE Ltd. | 8,684 | 897,925 | ||||||
Nestle SA(a) | 13,653 | 1,028,160 |
Shares | Value ($) | |||||||
Switzerland—continued | ||||||||
SGS SA(a) | 337 | 589,202 | ||||||
Swatch Group AG (The) BS(a) | 873 | 324,218 | ||||||
|
| |||||||
2,839,505 | ||||||||
|
| |||||||
Taiwan 5.1% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. SP ADR | 54,935 | 1,139,901 | ||||||
|
| |||||||
United Kingdom 10.2% | ||||||||
ARM Holdings PLC SP ADR | 15,881 | 686,853 | ||||||
Compass Group PLC(a) | 41,119 | 656,469 | ||||||
Reckitt Benckiser Group PLC(a) | 10,256 | 930,948 | ||||||
|
| |||||||
2,274,270 | ||||||||
|
| |||||||
Total Common Stocks | 20,865,241 | |||||||
|
| |||||||
Money Market Funds 9.2% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.13%(d) | 912,039 | 912,039 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(d)(e) | 1,133,312 | 1,133,312 | ||||||
|
| |||||||
2,045,351 | ||||||||
|
| |||||||
Total Money Market Funds | 2,045,351 | |||||||
|
| |||||||
Total Investments | 22,910,592 | |||||||
Liabilities in excess of other assets — (2.9)% | (638,787 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 22,271,805 | ||||||
|
|
* | Non-income producing security. |
(a) | Valued at fair value using procedures approved by the Board of Trustees (See Note 2(a)). Fair valued securities held by the Fund represent 51.1% of net assets as of September 30, 2015. |
(b) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(c) | The security or a partial position of the security was on loan as of September 30, 2015. The total value of securities on loan as of September 30, 2015 was $1,097,267. |
(d) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(e) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2015 (See Note 2(i)). |
Investment Abbreviations
ADR | — | American Depositary Receipt | ||
BS | — | Bearer Shares | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
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Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Large Cap Growth Stock Fund
Shares | Value($) | |||||||
Common Stocks 99.3% | ||||||||
Consumer Discretionary 26.8% | ||||||||
Amazon.com, Inc.* | 18,728 | 9,586,676 | ||||||
BorgWarner, Inc. | 72,868 | 3,030,580 | ||||||
Chipotle Mexican Grill, Inc.* | 4,868 | 3,506,177 | ||||||
DR Horton, Inc. | 153,739 | 4,513,777 | ||||||
Harman International Industries, Inc. | 21,684 | 2,081,447 | ||||||
Johnson Controls, Inc. | 55,408 | 2,291,675 | ||||||
Netflix, Inc.* | 47,282 | 4,882,339 | ||||||
NIKE, Inc., CI B | 33,104 | 4,070,799 | ||||||
Priceline Group Inc. (The)* | 5,486 | 6,785,414 | ||||||
Royal Caribbean Cruises Ltd. | 47,088 | 4,195,070 | ||||||
Scripps Networks Interactive, Cl A | 37,253 | 1,832,475 | ||||||
Starbucks Corp. | 146,448 | 8,324,105 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 15,389 | 2,513,793 | ||||||
Under Armour, Inc., Cl A* | 82,940 | 8,026,933 | ||||||
VF Corp. | 58,765 | 4,008,361 | ||||||
|
| |||||||
69,649,621 | ||||||||
|
| |||||||
Consumer Staples 6.3% | ||||||||
Colgate-Palmolive Co. | 68,688 | 4,358,941 | ||||||
Costco Wholesale Corp. | 34,039 | 4,921,018 | ||||||
Estee Lauder Cos., Inc. (The), Cl A | 41,529 | 3,350,560 | ||||||
WhiteWave Foods Co. (The)* | 95,254 | 3,824,448 | ||||||
|
| |||||||
16,454,967 | ||||||||
|
| |||||||
Energy 1.8% | ||||||||
Devon Energy Corp. | 34,238 | 1,269,887 | ||||||
EOG Resources, Inc. | 48,605 | 3,538,444 | ||||||
|
| |||||||
4,808,331 | ||||||||
|
| |||||||
Financials 3.7% | ||||||||
Charles Schwab Corp. (The) | 102,554 | 2,928,942 | ||||||
Discover Financial Services | 50,525 | 2,626,795 | ||||||
Morgan Stanley | 126,619 | 3,988,498 | ||||||
|
| |||||||
9,544,235 | ||||||||
|
| |||||||
Health Care 14.9% | ||||||||
Alexion Pharmaceuticals, Inc.* | 42,621 | 6,665,498 | ||||||
Biogen Inc.* | 17,566 | 5,125,934 | ||||||
Cerner Corp.* | 63,899 | 3,831,384 | ||||||
Gilead Sciences, Inc. | 104,311 | 10,242,297 | ||||||
HCA Holdings, Inc.* | 29,907 | 2,313,606 | ||||||
Illumina, Inc.* | 14,738 | 2,591,235 | ||||||
McKesson Corp. | 19,092 | 3,532,593 | ||||||
Mylan NV.* | 112,351 | 4,523,251 | ||||||
|
| |||||||
38,825,798 | ||||||||
|
| |||||||
Industrials 10.2% | ||||||||
BE Aerospace, Inc. | 29,225 | 1,282,978 | ||||||
Delta Air Lines, Inc. | 104,523 | 4,689,947 | ||||||
Fluor Corp. | 36,319 | 1,538,110 | ||||||
Fortune Brands Home & Security, Inc. | 53,671 | 2,547,762 |
Shares | Value($) | |||||||
Industrials—continued | ||||||||
HD Supply Holdings, Inc.* | 107,789 | 3,084,921 | ||||||
Honeywell International, Inc. | 50,109 | 4,744,821 | ||||||
IHS, Inc., CL A* | 12,884 | 1,494,544 | ||||||
J.B. Hunt Transport Services, Inc. | 25,108 | 1,792,711 | ||||||
Union Pacific Corp. | 41,719 | 3,688,377 | ||||||
WABCO Holdings, Inc.* | 15,174 | 1,590,690 | ||||||
|
| |||||||
26,454,861 | ||||||||
|
| |||||||
Information Technology 33.1% | ||||||||
Adobe Systems, Inc.* | 28,100 | 2,310,382 | ||||||
Alphabet, Inc., CL A* | 12,659 | 8,081,126 | ||||||
Alphabet, Inc., CL C* | 12,657 | 7,700,772 | ||||||
Analog Devices, Inc. | 65,815 | 3,712,624 | ||||||
Apple, Inc. | 200,634 | 22,129,930 | ||||||
ARM Holdings PLC SP ADR | 61,230 | 2,648,197 | ||||||
Cognizant Technology Solutions Corp., Cl A* | 65,429 | 4,096,510 | ||||||
Facebook, Inc., Cl A* | 116,388 | 10,463,281 | ||||||
Palo Alto Networks, Inc.* | 21,185 | 3,643,820 | ||||||
Red Hat, Inc.* | 38,737 | 2,784,416 | ||||||
Salesforce.com, Inc.* | 57,793 | 4,012,568 | ||||||
Splunk, Inc.* | 42,793 | 2,368,593 | ||||||
Tableau Software, Inc., CI A* | 15,161 | 1,209,545 | ||||||
Visa, Inc., Cl A | 127,993 | 8,915,992 | ||||||
Workday, Inc., Cl A* | 29,356 | 2,021,454 | ||||||
|
| |||||||
86,099,210 | ||||||||
|
| |||||||
Materials 2.5% | ||||||||
Monsanto Co. | 36,018 | 3,073,776 | ||||||
PPG Industries, Inc. | 13,031 | 1,142,689 | ||||||
Vulcan Materials Co. | 27,205 | 2,426,686 | ||||||
|
| |||||||
6,643,151 | ||||||||
|
| |||||||
Total Common Stocks |
| 258,480,174 | ||||||
|
| |||||||
Money Market Fund 0.3% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.13%(a) | 624,345 | 624,345 | ||||||
|
| |||||||
Total Money Market Fund |
| 624,345 | ||||||
|
| |||||||
Total Investments |
| 259,104,519 | ||||||
Other Assets in Excess of | 1,154,791 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 260,259,310 | ||||||
|
|
* | Non-income producing security. |
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
Investment Abbreviation
SP ADR — Sponsored American Depositary Receipt
See Notes to Financial Statements.
6
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Large Cap Value Equity Fund
Shares | Value($) | |||||||
Common Stocks 97.7% | ||||||||
Consumer Discretionary 4.0% | ||||||||
Comcast Corp., Cl A | 451,370 | 25,673,926 | ||||||
Johnson Controls, Inc. | 621,370 | 25,699,863 | ||||||
Ralph Lauren Corp. | 253,624 | 29,968,212 | ||||||
|
| |||||||
81,342,001 | ||||||||
|
| |||||||
Consumer Staples 5.6% | ||||||||
Procter & Gamble Co. (The) | 865,369 | 62,254,646 | ||||||
Sysco Corp. | 552,925 | 21,547,487 | ||||||
Wal-Mart Stores, Inc. | 484,690 | 31,427,300 | ||||||
|
| |||||||
115,229,433 | ||||||||
|
| |||||||
Energy 13.5% | ||||||||
Chevron Corp. | 260,015 | 20,509,983 | ||||||
ConocoPhillips | 1,169,574 | 56,092,769 | ||||||
EOG Resources, Inc. | 655,080 | 47,689,824 | ||||||
Exxon Mobil Corp. | 424,589 | 31,568,192 | ||||||
Hess Corp. | 858,997 | 43,001,390 | ||||||
Noble Energy, Inc. | 1,048,953 | 31,657,401 | ||||||
Schlumberger Ltd. | 660,614 | 45,562,548 | ||||||
|
| |||||||
276,082,107 | ||||||||
|
| |||||||
Financials 27.5% | ||||||||
ACE Ltd. | 321,525 | 33,245,685 | ||||||
Allstate Corp. (The) | 380,655 | 22,169,347 | ||||||
American Tower Corp., REIT | 245,550 | 21,603,489 | ||||||
Ameriprise Financial, Inc. | 443,572 | 48,407,012 | ||||||
Aon PLC | 467,306 | 41,407,985 | ||||||
BlackRock, Inc. | 158,535 | 47,159,407 | ||||||
Citigroup, Inc. | 726,945 | 36,063,741 | ||||||
Crown Castle International Corp., REIT | 380,845 | 30,037,245 | ||||||
Franklin Resources, Inc. | 823,065 | 30,667,402 | ||||||
JPMorgan Chase & Co. | 761,305 | 46,416,766 | ||||||
MetLife, Inc. | 752,020 | 35,457,743 | ||||||
Morgan Stanley | 1,319,962 | 41,578,803 | ||||||
U.S. Bancorp | 1,312,395 | 53,821,319 | ||||||
Wells Fargo & Co. | 1,433,455 | 73,607,914 | ||||||
|
| |||||||
561,643,858 | ||||||||
|
| |||||||
Health Care 13.1% | ||||||||
Agilent Technologies, Inc. | 1,259,034 | 43,222,637 | ||||||
Baxalta, Inc. | 813,959 | 25,647,848 | ||||||
Cigna Corp. | 381,141 | 51,461,658 | ||||||
Johnson & Johnson | 651,481 | 60,815,751 | ||||||
Merck & Co., Inc. | 414,715 | 20,482,774 | ||||||
Pfizer, Inc. | 2,117,715 | 66,517,428 | ||||||
|
| |||||||
268,148,096 | ||||||||
|
| |||||||
Industrials 7.3% | ||||||||
CSX Corp. | 730,622 | 19,653,732 | ||||||
FedEx Corp. | 164,010 | 23,614,160 | ||||||
General Electric Co. | 2,556,928 | 64,485,724 |
Shares | Value($) | |||||||
Industrials—continued | ||||||||
Honeywell International, Inc. | 167,290 | 15,840,690 | ||||||
United Parcel Service, Inc., Cl B | 252,630 | 24,932,054 | ||||||
|
| |||||||
148,526,360 | ||||||||
|
| |||||||
Information Technology 18.3% |
| |||||||
Cisco Systems, Inc. | 1,725,855 | 45,303,694 | ||||||
EMC Corp. | 2,847,551 | 68,796,832 | ||||||
Intel Corp. | 863,300 | 26,019,862 | ||||||
Juniper Networks, Inc. | 965,340 | 24,818,891 | ||||||
Maxim Integrated Products, Inc. | 772,480 | 25,800,832 | ||||||
Microsoft Corp. | 1,453,510 | 64,332,353 | ||||||
Oracle Corp. | 1,881,346 | 67,954,218 | ||||||
Texas Instruments, Inc. | 1,038,835 | 51,443,109 | ||||||
|
| |||||||
374,469,791 | ||||||||
|
| |||||||
Materials 2.4% |
| |||||||
Dow Chemical Co. (The) | 573,803 | 24,329,247 | ||||||
WestRock Co. | 459,428 | 23,632,976 | ||||||
|
| |||||||
47,962,223 | ||||||||
|
| |||||||
Telecommunication Services 1.9% |
| |||||||
Verizon Communications, Inc. | 878,325 | 38,215,921 | ||||||
|
| |||||||
Utilities 4.1% | ||||||||
Edison International | 162,204 | 10,230,207 | ||||||
Exelon Corp. | 1,201,756 | 35,692,153 | ||||||
NextEra Energy, Inc. | 388,544 | 37,902,467 | ||||||
|
| |||||||
83,824,827 | ||||||||
|
| |||||||
Total Common Stocks |
| 1,995,444,617 | ||||||
|
| |||||||
Money Market Fund 1.8% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.13%(a) | 37,659,062 | 37,659,062 | ||||||
|
| |||||||
Total Money Market Fund |
| 37,659,062 | ||||||
|
| |||||||
Total Investments |
| 2,033,103,679 | ||||||
Other Assets in Excess of Liabilities — 0.5% | 10,231,733 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 2,043,335,412 | ||||||
|
|
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
Investment Abbreviation
REIT — Real Estate Investment Trust
See Notes to Financial Statements.
7
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Mid-Cap Value Equity Fund
Shares | Value($) | |||||||
Common Stocks 98.1% | ||||||||
Consumer Discretionary 4.4% | ||||||||
Ralph Lauren Corp. | 900,000 | 106,344,000 | ||||||
Whirlpool Corp. | 375,000 | 55,222,500 | ||||||
|
| |||||||
161,566,500 | ||||||||
|
| |||||||
Consumer Staples 1.5% | ||||||||
Sysco Corp. | 1,400,000 | 54,558,000 | ||||||
|
| |||||||
Energy 11.6% | ||||||||
Cabot Oil & Gas Corp. | 2,700,000 | 59,022,000 | ||||||
Hess Corp. | 1,865,000 | 93,361,900 | ||||||
Noble Energy, Inc. | 3,215,000 | 97,028,700 | ||||||
Patterson-UTI Energy, Inc. | 5,585,000 | 73,386,900 | ||||||
Pioneer Natural Resources Co. | 825,000 | 100,353,000 | ||||||
|
| |||||||
423,152,500 | ||||||||
|
| |||||||
Financials 29.2% | ||||||||
Allstate Corp. (The) | 1,630,000 | 94,931,200 | ||||||
Ameriprise Financial, Inc. | 1,165,000 | 127,136,450 | ||||||
AvalonBay Communities, Inc., REIT | 160,000 | 27,971,200 | ||||||
BankUnited, Inc. | 1,115,000 | 39,861,250 | ||||||
Brixmor Property Group, Inc., REIT | 2,300,000 | 54,004,000 | ||||||
Comerica, Inc. | 900,000 | 36,990,000 | ||||||
Crown Castle International Corp., REIT | 1,335,000 | 105,291,450 | ||||||
General Growth Properties, Inc., REIT | 2,150,000 | 55,835,500 | ||||||
Hartford Financial Services Group, Inc. (The) | 1,250,000 | 57,225,000 | ||||||
Invesco Ltd. | 2,900,000 | 90,567,000 | ||||||
Lazard Ltd., Cl A | 2,000,000 | 86,600,000 | ||||||
MB Financial, Inc. | 1,500,000 | 48,960,000 | ||||||
Prologis, Inc., REIT | 1,400,000 | 54,460,000 | ||||||
Umpqua Holdings Corp. | 5,200,000 | 84,760,000 | ||||||
Willis Group Holdings PLC | 720,000 | 29,498,400 | ||||||
XL Group PLC | 2,075,000 | 75,364,000 | ||||||
|
| |||||||
1,069,455,450 | ||||||||
|
| |||||||
Health Care 10.7% | ||||||||
Agilent Technologies, Inc. | 2,260,000 | 77,585,800 | ||||||
Baxalta, Inc. | 2,200,000 | 69,322,000 | ||||||
Cigna Corp. | 740,000 | 99,914,800 | ||||||
Hill-Rom Holdings, Inc. | 1,497,400 | 77,849,826 | ||||||
STERIS Corp. | 1,050,000 | 68,218,500 | ||||||
|
| |||||||
392,890,926 | ||||||||
|
| |||||||
Industrials 13.9% | ||||||||
Delta Air Lines, Inc. | 1,000,000 | 44,870,000 | ||||||
Hubbell, Inc., CL B | 585,000 | 49,695,750 | ||||||
Ingersoll-Rand PLC | 1,065,000 | 54,070,050 | ||||||
ITT Corp. | 1,030,000 | 34,432,900 |
Shares | Value($) | |||||||
Industrials—continued | ||||||||
Macquarie Infrastructure Corp. | 525,000 | 39,196,500 | ||||||
Orbital ATK, Inc. | 650,000 | 46,715,500 | ||||||
Oshkosh Corp. | 1,100,000 | 39,963,000 | ||||||
Republic Services, Inc. | 675,000 | 27,810,000 | ||||||
Rockwell Automation, Inc. | 575,000 | 58,345,250 | ||||||
Towers Watson & Co., Cl A | 330,000 | 38,735,400 | ||||||
Tyco International PLC | 2,250,000 | 75,285,000 | ||||||
|
| |||||||
509,119,350 | ||||||||
|
| |||||||
Information Technology 14.2% |
| |||||||
Cypress Semiconductor Corp.* | 10,750,000 | 91,590,000 | ||||||
Harris Corp. | 1,410,000 | 103,141,500 | ||||||
Intersil Corp., Cl A | 7,150,000 | 83,655,000 | ||||||
Juniper Networks, Inc. | 4,275,000 | 109,910,250 | ||||||
Maxim Integrated Products, Inc. | 2,185,000 | 72,979,000 | ||||||
Seagate Technology PLC(a) | 1,285,000 | 57,568,000 | ||||||
|
| |||||||
518,843,750 | ||||||||
|
| |||||||
Materials 2.6% | ||||||||
Valspar Corp. (The) | 325,000 | 23,361,000 | ||||||
WestRock Co. | 1,365,000 | 70,215,600 | ||||||
|
| |||||||
93,576,600 | ||||||||
|
| |||||||
Utilities 10.0% | ||||||||
CMS Energy Corp. | 1,500,000 | 52,980,000 | ||||||
Edison International | 1,330,000 | 83,883,100 | ||||||
Exelon Corp. | 2,700,000 | 80,190,000 | ||||||
NextEra Energy Partners LP | 2,100,000 | 45,780,000 | ||||||
Sempra Energy | 1,075,000 | 103,974,000 | ||||||
|
| |||||||
366,807,100 | ||||||||
|
| |||||||
Total Common Stocks |
| 3,589,970,176 | ||||||
|
| |||||||
Money Market Funds 4.2% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.13%(b) | 97,834,636 | 97,834,636 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(c)(d) | 53,364,493 | 53,364,493 | ||||||
|
| |||||||
Total Money Market Funds |
| 151,199,129 | ||||||
|
| |||||||
Total Investments |
| 3,741,169,305 | ||||||
Liabilities in Excess of Other Assets — (2.3)% | (82,466,289 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 3,658,703,016 | ||||||
|
|
See Notes to Financial Statements.
8
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Mid-Cap Value Equity Fund — concluded
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2015. The total value of securities on loan as of September 30, 2015 was $52,903,155. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(d) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $54,024,986. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $660,493. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2015 (See Note 2(i)). |
Investment Abbreviation
REIT — Real Estate Investment Trust
See Notes to Financial Statements.
9
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Small Cap Growth Stock Fund
Shares | Value($) | |||||||
Common Stocks 99.4% | ||||||||
Consumer Discretionary 17.3% | ||||||||
American Axle & Manufacturing Holdings, Inc.* | 28,348 | 565,259 | ||||||
Buffalo Wild Wings, Inc.* | 4,440 | 858,829 | ||||||
Cheesecake Factory, Inc. (The) | 12,124 | 654,211 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 5,176 | 762,321 | ||||||
Denny’s Corp.* | 60,443 | 666,686 | ||||||
G-III Apparel Group Ltd.* | 18,792 | 1,158,715 | ||||||
Gray Television, Inc.* | 65,817 | 839,825 | ||||||
Group 1 Automotive, Inc. | 7,706 | 656,166 | ||||||
Kirkland’s, Inc. | 26,946 | 580,417 | ||||||
Monro Muffler Brake, Inc. | 6,378 | 430,834 | ||||||
Penn National Gaming, Inc.* | 37,691 | 632,455 | ||||||
Restoration Hardware Holdings, Inc.* | 6,312 | 588,973 | ||||||
Ryland Group, Inc. (The) | 18,273 | 746,087 | ||||||
Sinclair Broadcast Group, Inc., Cl A(a) | 23,933 | 605,983 | ||||||
Tenneco, Inc.* | 16,615 | 743,853 | ||||||
|
| |||||||
10,490,614 | ||||||||
|
| |||||||
Consumer Staples 1.5% | ||||||||
Casey’s General Stores, Inc. | 8,650 | 890,258 | ||||||
|
| |||||||
Energy 2.7% | ||||||||
Callon Petroleum Co.* | 54,369 | 396,350 | ||||||
Delek US Holdings, Inc. | 14,429 | 399,683 | ||||||
Matador Resources Co.* | 16,840 | 349,262 | ||||||
PDC Energy, Inc.* | 9,684 | 513,349 | ||||||
|
| |||||||
1,658,644 | ||||||||
|
| |||||||
Financials 6.0% | ||||||||
Cardinal Financial Corp. | 27,349 | 629,300 | ||||||
Evercore Partners, Inc., Cl A | 9,924 | 498,582 | ||||||
MarketAxess Holdings, Inc. | 6,754 | 627,311 | ||||||
MB Financial, Inc. | 13,663 | 445,960 | ||||||
Texas Capital Bancshares, Inc.* | 16,518 | 865,874 | ||||||
Universal Insurance Holdings, Inc. | 19,105 | 564,362 | ||||||
|
| |||||||
3,631,389 | ||||||||
|
| |||||||
Health Care 26.2% | ||||||||
ABIOMED, Inc.* | 10,418 | 966,374 | ||||||
Adeptus Health, Inc., CL A*(a) | 7,771 | 627,586 | ||||||
AMN Healthcare Services, Inc.* | 21,703 | 651,307 | ||||||
Array BioPharma, Inc.*(a) | 68,730 | 313,409 | ||||||
Cambrex Corp.* | 12,327 | 489,135 | ||||||
Cepheid, Inc.* | 14,021 | 633,749 | ||||||
Depomed, Inc.* | 25,508 | 480,826 | ||||||
Endologix, Inc.* | 32,892 | 403,256 | ||||||
HealthSouth Corp. | 19,212 | 737,164 | ||||||
HeartWare International, Inc.*(a) | 8,458 | 442,438 |
Shares | Value($) | |||||||
Health Care—continued | ||||||||
ICON PLC* | 6,799 | 482,525 | ||||||
Idera Pharmaceuticals, Inc.*(a) | 162,455 | 544,224 | ||||||
Inogen, Inc.* | 9,716 | 471,712 | ||||||
Insmed, Inc.* | 20,085 | 372,978 | ||||||
Keryx Biopharmaceuticals, Inc.*(a) | 57,257 | 201,545 | ||||||
Lannett Co., Inc.*(a) | 10,632 | 441,441 | ||||||
LifePoint Health, Inc.* | 8,486 | 601,657 | ||||||
Ligand Pharmaceuticals, Inc.*(a) | 9,125 | 781,556 | ||||||
Medidata Solutions, Inc.* | 9,203 | 387,538 | ||||||
Molina Healthcare, Inc.* | 10,042 | 691,392 | ||||||
Neurocrine Biosciences, Inc.* | 12,264 | 487,985 | ||||||
NuVasive, Inc.* | 12,170 | 586,837 | ||||||
NxStage Medical, Inc.* | 39,446 | 622,063 | ||||||
Omnicell, Inc.* | 23,370 | 726,807 | ||||||
Portola Pharmaceuticals, Inc.* | 14,427 | 614,879 | ||||||
Radius Health, Inc.* | 6,667 | 462,090 | ||||||
Team Health Holdings, Inc.* | 12,873 | 695,528 | ||||||
Ultragenyx Pharmaceutical, Inc.* | 4,412 | 424,920 | ||||||
Vanda Pharmaceuticals, Inc.*(a) | 47,334 | 533,928 | ||||||
|
| |||||||
15,876,849 | ||||||||
|
| |||||||
Industrials 16.3% | ||||||||
AAON, Inc. | 30,018 | 581,749 | ||||||
Allegiant Travel Co. | 5,676 | 1,227,435 | ||||||
Astronics Corp.* | 10,935 | 442,102 | ||||||
Badger Meter, Inc. | 9,230 | 535,894 | ||||||
Comfort Systems USA, Inc. | 13,818 | 376,679 | ||||||
Forward Air Corp. | 14,377 | 596,502 | ||||||
Healthcare Services Group, Inc. | 15,049 | 507,151 | ||||||
HEICO Corp. | 15,978 | 781,004 | ||||||
HNI Corp. | 15,301 | 656,413 | ||||||
Knight Transportation, Inc. | 24,944 | 598,656 | ||||||
Mueller Water Products, Inc., Cl A | 75,215 | 576,147 | ||||||
Proto Labs, Inc.*(a) | 9,642 | 646,014 | ||||||
Simpson Manufacturing Co., Inc. | 19,388 | 649,304 | ||||||
Trex Co., Inc.* | 9,796 | 326,501 | ||||||
Universal Forest Products, Inc. | 11,642 | 671,510 | ||||||
Woodward, Inc. | 17,754 | 722,588 | ||||||
|
| |||||||
9,895,649 | ||||||||
|
| |||||||
Information Technology 25.1% | ||||||||
Aspen Technology, Inc.* | 29,607 | 1,122,401 | ||||||
Cavium, Inc.* | 10,387 | 637,450 | ||||||
CSG Systems International, Inc. | 17,975 | 553,630 | ||||||
Demandware, Inc.* | 15,451 | 798,508 | ||||||
Ellie Mae, Inc.* | 17,342 | 1,154,457 | ||||||
FleetMatics Group PLC*(a) | 25,445 | 1,249,095 | ||||||
Guidewire Software, Inc.* | 16,623 | 874,037 | ||||||
Heartland Payment Systems, Inc. | 17,674 | 1,113,639 | ||||||
Imperva, Inc.* | 19,013 | 1,244,971 |
See Notes to Financial Statements.
10
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Small Cap Growth Stock Fund — concluded
Shares | Value($) | |||||||
Information Technology—continued |
| |||||||
Integrated Device Technology, Inc.* | 35,673 | 724,162 | ||||||
Littelfuse, Inc. | 7,530 | 686,359 | ||||||
LogMeIn, Inc.* | 14,431 | 983,617 | ||||||
Manhattan Associates, Inc.* | 18,109 | 1,128,191 | ||||||
MAXIMUS, Inc. | 15,219 | 906,444 | ||||||
Proofpoint, Inc.* | 18,509 | 1,116,463 | ||||||
QLIK Technologies, Inc.* | 24,895 | 907,423 | ||||||
|
| |||||||
15,200,847 | ||||||||
|
| |||||||
Materials 3.0% | ||||||||
Balchem Corp. | 12,659 | 769,288 | ||||||
Headwaters, Inc.* | 54,538 | 1,025,314 | ||||||
|
| |||||||
1,794,602 | ||||||||
|
| |||||||
Telecommunication Services 1.3% |
| |||||||
8x8, Inc.* | 98,415 | 813,892 | ||||||
|
| |||||||
Total Common Stocks |
| 60,252,744 | ||||||
|
| |||||||
Money Market Funds 10.8% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.13%(b) | 417,691 | 417,691 |
Shares | Value($) | |||||||
Money Market Funds—continued |
| |||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(b)(c) | 6,130,935 | 6,130,935 | ||||||
|
| |||||||
Total Money Market Funds |
| 6,548,626 | ||||||
|
| |||||||
Total Investments | 66,801,370 | |||||||
Liabilities in Excess of Other Assets — (10.2)% | (6,203,997 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 60,597,373 | ||||||
|
|
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2015. The total value of securities on loan as of September 30, 2015 was $5,968,526. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(c) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2015 (See Note 2(i)). |
See Notes to Financial Statements.
11
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Small Cap Value Equity Fund
Shares | Value($) | |||||||
Common Stocks 99.5% | ||||||||
Consumer Discretionary 21.4% |
| |||||||
AMC Entertainment Holdings, Inc., Cl A | 1,146,640 | 28,883,862 | ||||||
Cheesecake Factory, Inc. (The) | 168,200 | 9,076,072 | ||||||
Chico’s FAS, Inc. | 1,112,000 | 17,491,760 | ||||||
Destination Maternity Corp. | 109,179 | 1,006,630 | ||||||
Guess?, Inc. | 1,246,254 | 26,619,986 | ||||||
HSN, Inc. | 553,860 | 31,702,947 | ||||||
Matthews International Corp., Cl A | 120,940 | 5,922,432 | ||||||
MDC Partners, Inc., Cl A | 265,700 | 4,896,851 | ||||||
Meredith Corp. | 108,190 | 4,606,730 | ||||||
Regal Entertainment Group, Cl A | 754,900 | 14,109,081 | ||||||
Ruth’s Hospitality Group, Inc. | 231,470 | 3,759,073 | ||||||
Scholastic Corp. | 293,090 | 11,418,786 | ||||||
Sonic Automotive, Inc., Cl A | 479,070 | 9,782,609 | ||||||
Sotheby’s | 598,300 | 19,133,634 | ||||||
Thor Industries, Inc. | 415,080 | 21,501,144 | ||||||
Wolverine World Wide, Inc. | 297,800 | 6,444,392 | ||||||
|
| |||||||
216,355,989 | ||||||||
|
| |||||||
Consumer Staples 6.6% | ||||||||
B&G Foods, Inc. | 545,500 | 19,883,475 | ||||||
Energizer Holdings, Inc. | 683,300 | 26,450,543 | ||||||
Inter Parfums, Inc. | 239,000 | 5,929,590 | ||||||
Sanderson Farms, Inc. | 205,401 | 14,084,347 | ||||||
WD-40 Co. | 6,177 | 550,185 | ||||||
|
| |||||||
66,898,140 | ||||||||
|
| |||||||
Energy 2.2% | ||||||||
Bristow Group, Inc. | 438,060 | 11,459,650 | ||||||
CARBO Ceramics, Inc. | 474,450 | 9,009,805 | ||||||
Tidewater, Inc. | 133,380 | 1,752,613 | ||||||
|
| |||||||
22,222,068 | ||||||||
|
| |||||||
Financials 23.3% | ||||||||
Alexander & Baldwin, Inc. | 321,910 | 11,051,170 | ||||||
Banco Latinoamericano de Expectaciones SA, Cl E | 158,370 | 3,666,266 | ||||||
Bank of Hawaii Corp. | 284,240 | 18,046,398 | ||||||
Cohen & Steers, Inc. | 432,600 | 11,874,870 | ||||||
CubeSmart, REIT | 12,730 | 346,383 | ||||||
Evercore Partners, Inc., Cl A | 391,720 | 19,680,013 | ||||||
Hanover Insurance Group, Inc. (The) | 463,170 | 35,988,309 | ||||||
Horace Mann Educators Corp. | 407,900 | 13,550,438 | ||||||
Medical Properties Trust, Inc., REIT | 2,040,430 | 22,567,156 | ||||||
Monmouth Real Estate Investment Corp., Cl A REIT | 73,850 | 720,038 | ||||||
Oppenheimer Holdings, Inc., Cl A | 54,610 | 1,092,746 |
Shares | Value($) | |||||||
Financials—continued | ||||||||
Parkway Properties, Inc., REIT | 1,200,450 | 18,679,002 | ||||||
Post Properties, Inc., REIT | 309,450 | 18,037,840 | ||||||
Primerica, Inc. | 536,000 | 24,157,520 | ||||||
StanCorp Financial Group, Inc. | 45,820 | 5,232,644 | ||||||
Tanger Factory Outlet Centers, Inc., REIT | 336,700 | 11,100,999 | ||||||
Trust Co Bank Corp. NY | 271,150 | 1,583,516 | ||||||
UMB Financial Corp. | 359,050 | 18,243,330 | ||||||
|
| |||||||
235,618,638 | ||||||||
|
| |||||||
Health Care 4.2% | ||||||||
Ensign Group, Inc. | 120,270 | 5,127,110 | ||||||
Hill-Rom Holdings, Inc. | 481,930 | 25,055,541 | ||||||
Landauer, Inc. | 294,940 | 10,909,830 | ||||||
STERIS Corp. | 23,307 | 1,514,256 | ||||||
|
| |||||||
42,606,737 | ||||||||
|
| |||||||
Industrials 28.3% | ||||||||
AAR Corp. | 409,470 | 7,767,646 | ||||||
ABM Industries, Inc. | 522,000 | 14,255,820 | ||||||
Advanced Drainage Systems, Inc. | 645,800 | 18,682,994 | ||||||
Badger Meter, Inc. | 247,391 | 14,363,522 | ||||||
BWX Technologies, Inc. | 196,900 | 5,190,284 | ||||||
China Yuchai International Ltd. | 78,790 | 974,632 | ||||||
CLARCOR, Inc. | 386,450 | 18,425,936 | ||||||
Covanta Holding Corp. | 1,144,500 | 19,971,525 | ||||||
EMCOR Group, Inc. | 366,840 | 16,232,670 | ||||||
Fortress Transportation & Infrastructure Investors LLC | 351,000 | 4,503,330 | ||||||
Forward Air Corp. | 439,600 | 18,239,004 | ||||||
Granite Construction, Inc. | 237,740 | 7,053,746 | ||||||
Herman Miller, Inc. | 898,480 | 25,912,163 | ||||||
Interface, Inc. | 21,461 | 481,585 | ||||||
Kelly Services, Inc., Cl A | 1,021,210 | 14,439,909 | ||||||
Knoll, Inc. | 636,700 | 13,994,666 | ||||||
Luxfer Holdings PLC ADR | 344,410 | 3,716,184 | ||||||
MSA Safety, Inc. | 190,602 | 7,618,362 | ||||||
Mueller Water Products, Inc., Cl A | 2,190,930 | 16,782,524 | ||||||
NN, Inc. | 125,300 | 2,318,050 | ||||||
Progressive Waste Solutions Ltd. | 1,338,064 | 35,351,651 | ||||||
Sun Hydraulics Corp. | 33,520 | 920,794 | ||||||
Tennant Co. | 71,880 | 4,038,218 | ||||||
Tetra Tech, Inc. | 314,900 | 7,655,219 | ||||||
Viad Corp. | 251,090 | 7,279,099 | ||||||
|
| |||||||
286,169,533 | ||||||||
|
| |||||||
Information Technology 7.9% | ||||||||
Black Box Corp. | 106,100 | 1,563,914 | ||||||
Daktronics, Inc. | 867,050 | 7,517,324 |
See Notes to Financial Statements.
12
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Small Cap Value Equity Fund — concluded
Shares | Value($) | |||||||
Information Technology—continued |
| |||||||
Fair Isaac Corp. | 511,050 | 43,183,725 | ||||||
Plantronics, Inc. | 532,760 | 27,090,846 | ||||||
|
| |||||||
79,355,809 | ||||||||
|
| |||||||
Materials 2.9% | ||||||||
A. Schulman, Inc. | 194,600 | 6,318,662 | ||||||
Carpenter Technology Corp. | 250,200 | 7,448,454 | ||||||
Haynes International, Inc. | 124,730 | 4,719,783 | ||||||
Hecla Mining Co. | 5,596,540 | 11,025,184 | ||||||
|
| |||||||
29,512,083 | ||||||||
|
| |||||||
Utilities 2.7% | ||||||||
ALLETE, Inc. | 229,640 | 11,594,524 | ||||||
Avista Corp. | 17,390 | 578,217 | ||||||
California Water Service Group | 231,190 | 5,113,923 | ||||||
NorthWestern Corp. | 183,300 | 9,867,039 | ||||||
|
| |||||||
27,153,703 | ||||||||
|
| |||||||
Total Common Stocks |
| 1,005,892,700 | ||||||
|
|
Shares | Value($) | |||||||
Money Market Fund 0.4% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.13%(a) | 3,544,953 | 3,544,953 | ||||||
|
| |||||||
Total Money Market Fund |
| 3,544,953 | ||||||
|
| |||||||
Total Investments |
| 1,009,437,653 | ||||||
Other Assets in Excess of Liabilities — 0.1% | 1,145,302 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,010,582,955 | ||||||
|
|
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
Investment Abbreviations
ADR | — | American Depositary Receipt | ||
REIT | — | Real Estate Investment Trust |
See Notes to Financial Statements.
13
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Aggressive Growth Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 69.0% | ||||||||
RidgeWorth International Equity Fund(a) | 52,691 | 508,991 | ||||||
RidgeWorth Large Cap Growth Stock Fund(a) | 248,664 | 2,451,827 | ||||||
RidgeWorth Large Cap Value Equity Fund(a) | 104,347 | 1,585,029 | ||||||
RidgeWorth Mid-Cap Value Equity Fund(a) | 53,471 | 650,742 | ||||||
RidgeWorth Small Cap Growth Stock Fund(a) | 20,784 | 280,172 | ||||||
RidgeWorth Small Cap Value Equity Fund(b) | 18,505 | 267,403 | ||||||
|
| |||||||
Total Equity Funds |
| 5,744,164 | ||||||
|
| |||||||
Fixed Income Funds 10.9% | ||||||||
RidgeWorth Seix Core Bond Fund(a) | 28 | 301 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 3,011 | 25,806 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 3,906 | 33,474 | ||||||
RidgeWorth Seix High Income Fund(a) | 4,885 | 29,798 | ||||||
RidgeWorth Seix High Yield Fund(b) | 3,727 | 30,223 | ||||||
RidgeWorth Seix Total Return Bond Fund(a) | 69,845 | 738,963 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(b) | 4,608 | 46,495 | ||||||
|
| |||||||
Total Fixed Income Funds |
| 905,060 | ||||||
|
| |||||||
Exchange Traded Funds 17.7% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 438 | 32,526 | ||||||
Consumer Staples Select Sector SPDR Fund | 394 | 18,593 | ||||||
Energy Select Sector SPDR Fund | 347 | 21,236 | ||||||
Financial Select Sector SPDR Fund | 2,059 | 46,657 | ||||||
Health Care Select Sector SPDR Fund | 694 | 45,964 | ||||||
Industrial Select Sector SPDR Fund | 585 | 29,186 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 222 | 27,426 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 93 | 10,294 | ||||||
iShares Core S&P 500 Fund | 36 | 6,938 | ||||||
iShares Core U.S. Aggregate Bond Fund | 854 | 93,581 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 22,227 | 546,340 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 91 | 6,456 | ||||||
iShares MSCI EAFE Fund | 8,243 | 472,489 | ||||||
iShares MSCI Emerging Markets Index Fund | 562 | 18,422 | ||||||
iShares Russell 2000 Index Fund | 151 | 16,489 | ||||||
Market Vectors Gold Miners Fund | 442 | 6,073 | ||||||
Materials Select Sector SPDR Fund | 212 | 8,463 | ||||||
Technology Select Sector SPDR Fund | 1,635 | 64,582 | ||||||
Utilities Select Sector SPDR Fund | 55 | 2,381 | ||||||
|
| |||||||
Total Exchange Traded Funds |
| 1,474,096 | ||||||
|
| |||||||
Money Market Fund 2.2% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(c) | 183,401 | 183,401 | ||||||
|
| |||||||
Total Money Market Fund |
| 183,401 | ||||||
|
| |||||||
Total Investments | 8,306,721 | |||||||
Other Assets in Excess of Liabilities — 0.2% | 18,086 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 8,324,807 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s IS Shares. |
(b) | Affiliated investments. Investments are in each Fund’s I Shares. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
Investment Abbreviations
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
14
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Conservative Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 27.2% | ||||||||
RidgeWorth International Equity Fund(a) | 163,737 | 1,581,703 | ||||||
RidgeWorth Large Cap Growth Stock | 775,128 | 7,642,766 | ||||||
RidgeWorth Large Cap Value Equity | 325,788 | 4,948,719 | ||||||
RidgeWorth Mid-Cap Value Equity Fund(a) | 165,927 | 2,019,331 | ||||||
RidgeWorth Small Cap Growth Stock | 63,015 | 849,438 | ||||||
RidgeWorth Small Cap Value Equity | 56,365 | 814,467 | ||||||
|
| |||||||
Total Equity Funds |
| 17,856,424 | ||||||
|
| |||||||
Fixed Income Funds 51.2% | ||||||||
RidgeWorth Seix Core Bond Fund(a) | 777 | 8,370 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 124,358 | 1,065,749 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 161,303 | 1,382,363 | ||||||
RidgeWorth Seix High Income Fund(a) | 201,480 | 1,229,025 | ||||||
RidgeWorth Seix High Yield Fund(b) | 153,547 | 1,245,268 | ||||||
RidgeWorth Seix Total Return Bond | 2,526,037 | 26,725,476 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(b) | 189,540 | 1,912,460 | ||||||
|
| |||||||
Total Fixed Income Funds |
| 33,568,711 | ||||||
|
| |||||||
Exchange Traded Funds 20.4% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 1,220 | 90,597 | ||||||
Consumer Staples Select Sector SPDR Fund | 1,096 | 51,720 | ||||||
Energy Select Sector SPDR Fund | 973 | 59,548 | ||||||
Financial Select Sector SPDR Fund | 5,740 | 130,068 | ||||||
Health Care Select Sector SPDR Fund | 1,937 | 128,288 | ||||||
Industrial Select Sector SPDR Fund | 1,636 | 81,620 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 9,199 | 1,136,444 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 3,884 | 429,920 | ||||||
iShares Core S&P 500 Fund | 229 | 44,131 | ||||||
iShares Core U.S. Aggregate Bond Fund | 69,750 | 7,643,205 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 68,931 | 1,694,324 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 282 | 20,008 | ||||||
iShares MSCI EAFE Fund | 25,601 | 1,467,449 | ||||||
iShares MSCI Emerging Markets Index Fund | 1,697 | 55,628 | ||||||
iShares Russell 2000 Index Fund | 801 | 87,469 | ||||||
Market Vectors Gold Miners Fund | 1,370 | 18,824 | ||||||
Materials Select Sector SPDR Fund | 591 | 23,593 | ||||||
Technology Select Sector SPDR Fund | 4,573 | 180,633 | ||||||
Utilities Select Sector SPDR Fund | 152 | 6,580 | ||||||
|
| |||||||
Total Exchange Traded Funds |
| 13,350,049 | ||||||
|
| |||||||
Money Market Fund 1.2% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, | 756,035 | 756,035 | ||||||
|
| |||||||
Total Money Market Fund |
| 756,035 | ||||||
|
| |||||||
Total Investments | 65,531,219 | |||||||
Other Assets in Excess of Liabilities — | 16,206 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 65,547,425 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s IS Shares. |
(b) | Affiliated investments. Investments are in each Fund’s I Shares. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(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.
15
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Growth Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 60.9% | ||||||||
RidgeWorth International Equity Fund(a) | 315,426 | 3,047,012 | ||||||
RidgeWorth Large Cap Growth Stock | 1,489,613 | 14,687,587 | ||||||
RidgeWorth Large Cap Value Equity | 625,505 | 9,501,427 | ||||||
RidgeWorth Mid-Cap Value Equity Fund(a) | 319,789 | 3,891,837 | ||||||
RidgeWorth Small Cap Growth Stock | 121,301 | 1,635,139 | ||||||
RidgeWorth Small Cap Value Equity | 108,254 | 1,564,265 | ||||||
|
| |||||||
Total Equity Funds | 34,327,267 | |||||||
|
| |||||||
Fixed Income Funds 18.7% | ||||||||
RidgeWorth Seix Core Bond Fund(a) | 255 | 2,749 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 39,033 | 334,516 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 50,487 | 432,676 | ||||||
RidgeWorth Seix High Income Fund(a) | 63,120 | 385,035 | ||||||
RidgeWorth Seix High Yield Fund(b) | 48,136 | 390,380 | ||||||
RidgeWorth Seix Total Return Bond | 791,636 | 8,375,507 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(b) | 59,420 | 599,543 | ||||||
|
| |||||||
Total Fixed Income Funds | 10,520,406 | |||||||
|
| |||||||
Exchange Traded Funds 19.4% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 2,478 | 184,016 | ||||||
Consumer Staples Select Sector SPDR Fund | 2,224 | 104,950 | ||||||
Energy Select Sector SPDR Fund | 1,973 | 120,747 | ||||||
Financial Select Sector SPDR Fund | 11,657 | 264,148 | ||||||
Health Care Select Sector SPDR Fund | 3,932 | 260,416 | ||||||
Industrial Select Sector SPDR Fund | 3,318 | 165,535 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 2,879 | 355,672 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 1,217 | 134,710 | ||||||
iShares Core S&P 500 Fund | 449 | 86,527 | ||||||
iShares Core U.S. Aggregate Bond Fund | 21,826 | 2,391,693 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 132,821 | 3,264,740 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 557 | 39,519 | ||||||
iShares MSCI EAFE Fund | 49,316 | 2,826,793 | ||||||
iShares MSCI Emerging Markets Index Fund | 3,291 | 107,879 | ||||||
iShares Russell 2000 Index Fund | 1,613 | 176,140 | ||||||
Market Vectors Gold Miners Fund | 2,493 | 34,254 | ||||||
Materials Select Sector SPDR Fund | 1,201 | 47,944 | ||||||
Technology Select Sector SPDR Fund | 9,277 | 366,441 | ||||||
Utilities Select Sector SPDR Fund | 307 | 13,290 | ||||||
|
| |||||||
Total Exchange Traded Funds | 10,945,414 | |||||||
|
| |||||||
Money Market Fund 1.0% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, | 563,520 | 563,520 | ||||||
|
| |||||||
Total Money Market Fund | 563,520 | |||||||
|
| |||||||
Total Investments | 56,356,607 | |||||||
Liabilities in Excess of Other Assets — | (26,283 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 56,330,324 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s IS Shares. |
(b) | Affiliated investments. Investments are in each Fund’s I Shares. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(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.
16
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Moderate Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 44.0% | ||||||||
RidgeWorth International Equity Fund(a) | 422,236 | 4,078,801 | ||||||
RidgeWorth Large Cap Growth Stock Fund(a) | 1,991,830 | 19,639,445 | ||||||
RidgeWorth Large Cap Value Equity | 835,843 | 12,696,457 | ||||||
RidgeWorth Mid-Cap Value Equity | 428,234 | 5,211,605 | ||||||
RidgeWorth Small Cap Growth Stock Fund(a) | 162,296 | 2,187,751 | ||||||
RidgeWorth Small Cap Value Equity | 144,700 | 2,090,909 | ||||||
|
| |||||||
Total Equity Funds | 45,904,968 | |||||||
|
| |||||||
Fixed Income Funds 35.0% | ||||||||
RidgeWorth Seix Core Bond Fund(a) | 903 | 9,723 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 135,461 | 1,160,900 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 175,529 | 1,504,287 | ||||||
RidgeWorth Seix High Income Fund(a) | 219,439 | 1,338,580 | ||||||
RidgeWorth Seix High Yield Fund(b) | 167,399 | 1,357,603 | ||||||
RidgeWorth Seix Total Return Bond | 2,752,682 | 29,123,374 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(b) | 206,415 | 2,082,730 | ||||||
|
| |||||||
Total Fixed Income Funds | 36,577,197 | |||||||
|
| |||||||
Exchange Traded Funds 20.0% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 3,426 | 254,415 | ||||||
Consumer Staples Select Sector SPDR Fund | 3,078 | 145,251 | ||||||
Energy Select Sector SPDR Fund | 2,723 | 166,648 | ||||||
Financial Select Sector SPDR Fund | 16,113 | 365,121 | ||||||
Health Care Select Sector SPDR Fund | 5,435 | 359,960 | ||||||
Industrial Select Sector SPDR Fund | 4,583 | 228,646 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 10,021 | 1,237,994 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 4,229 | 468,108 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Core S&P 500 Fund | 615 | 118,517 | ||||||
iShares Core U.S. Aggregate Bond Fund | 75,901 | 8,317,231 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 178,028 | 4,375,928 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 745 | 52,858 | ||||||
iShares MSCI EAFE Fund | 66,188 | 3,793,896 | ||||||
iShares MSCI Emerging Markets Index Fund | 4,389 | 143,871 | ||||||
iShares Russell 2000 Index Fund | 2,214 | 241,769 | ||||||
Market Vectors Gold Miners Fund | 3,610 | 49,601 | ||||||
Materials Select Sector SPDR Fund | 1,660 | 66,267 | ||||||
Technology Select Sector SPDR Fund | 12,818 | 506,311 | ||||||
Utilities Select Sector SPDR Fund | 424 | 18,355 | ||||||
|
| |||||||
Total Exchange Traded Funds | 20,910,747 | |||||||
|
| |||||||
Money Market Fund 1.1% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, | 1,130,587 | 1,130,587 | ||||||
|
| |||||||
Total Money Market Fund | 1,130,587 | |||||||
|
| |||||||
Total Investments | 104,523,499 | |||||||
Liabilities in Excess of Other Assets — (0.1)% | (151,601 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 104,371,898 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s IS Shares. |
(b) | Affiliated investments. Investments are in each Fund’s I Shares. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
Investment Abbreviations
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
17
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Aggressive Growth Stock Fund | International Equity Fund | Large Cap Growth Stock Fund | Large Cap Value Equity Fund | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $18,836,396 | $23,035,398 | $145,961,656 | $1,897,119,209 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments, at Value* | $30,946,488 | $22,910,592 | $259,104,519 | $2,033,103,679 | ||||||||||||
Interest and Dividends Receivable | 837 | 29,043 | 63,002 | 3,321,141 | ||||||||||||
Securities Lending Income Receivable | — | 70 | 75 | — | ||||||||||||
Foreign Currency, at Value (Cost $—, $117,219, $— and $—, respectively) | — | 116,627 | — | — | ||||||||||||
Receivable for Capital Shares Issued | 12,194 | 6,821 | 89,190 | 1,123,431 | ||||||||||||
Receivable for Investment Securities Sold | 2,652,373 | 197,948 | 3,852,214 | 34,434,081 | ||||||||||||
Reclaims Receivable | — | 151,257 | — | — | ||||||||||||
Receivable from Investment Adviser | 642 | 5,718 | 24,446 | 189,104 | ||||||||||||
Prepaid Expenses and Other Assets | 18,554 | 37,200 | 38,198 | 88,914 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 33,631,088 | 23,455,276 | 263,171,644 | 2,072,260,350 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | 54,661 | — | 1,838,677 | 20,096,835 | ||||||||||||
Payable for Capital Shares Redeemed | 422,675 | 6,777 | 692,826 | 5,687,600 | ||||||||||||
Payable Upon Return of Securities Loaned | — | 1,133,312 | — | — | ||||||||||||
Line of Credit Payable | 2,518,430 | — | — | — | ||||||||||||
Investment Advisory Fees Payable | 24,220 | 15,552 | 154,478 | 1,114,463 | ||||||||||||
Compliance and Fund Services Fees Payable | 664 | 415 | 5,558 | 46,216 | ||||||||||||
Distribution and Service Fees Payable | 2,964 | 919 | 51,240 | 106,736 | ||||||||||||
Trustee Fees Payable | 100 | 40 | 737 | 5,451 | ||||||||||||
Other Accrued Expenses | 27,173 | 26,456 | 168,818 | 1,867,637 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 3,050,887 | 1,183,471 | 2,912,334 | 28,924,938 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $30,580,201 | $22,271,805 | $260,259,310 | $2,043,335,412 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $18,752,745 | $21,516,204 | $128,876,092 | $1,717,334,342 | ||||||||||||
Accumulated Net Investment Income (Loss) | (368,200 | ) | 312,894 | (486,922 | ) | 23,946,336 | ||||||||||
Accumulated Net Realized Gain from Investments and Foreign Currency Transactions | 85,564 | 563,706 | 18,727,277 | 166,070,264 | ||||||||||||
Net Unrealized Appreciation (Depreciation) on Investments and Foreign Currencies | 12,110,092 | (120,999 | ) | 113,142,863 | 135,984,470 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $30,580,201 | $22,271,805 | $260,259,310 | $2,043,335,412 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $19,627,453 | $9,334,845 | $112,865,879 | $1,555,822,936 | ||||||||||||
A Shares | 10,952,748 | 3,715,522 | 60,761,318 | 368,383,650 | ||||||||||||
C Shares | — | — | 42,225,347 | 18,385,774 | ||||||||||||
IS Shares | — | 9,221,438 | 44,406,766 | 100,743,052 | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 930,562 | 966,425 | 11,468,125 | 102,909,018 | ||||||||||||
A Shares | 538,001 | 388,940 | 7,292,157 | 24,583,537 | ||||||||||||
C Shares | — | — | 6,977,111 | 1,255,083 | ||||||||||||
IS Shares | — | 955,105 | 4,505,236 | 6,632,980 | ||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||
I Shares | $21.09 | $9.66 | $9.84 | $15.12 | ||||||||||||
A Shares | 20.36 | 9.55 | 8.33 | 14.98 | ||||||||||||
C Shares(a) | — | — | 6.05 | 14.65 | ||||||||||||
IS Shares | — | 9.66 | 9.86 | 15.19 | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||
A Shares | $21.60 | $10.13 | $8.84 | $15.89 | ||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
* | Investments include securities on loan of $—, $1,097,267, $— and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
18
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Mid-Cap Value Equity Fund | Small Cap Growth Stock Fund | Small Cap Value Equity Fund | ||||||||||
Assets: | ||||||||||||
Total Investments, at Cost | $3,857,018,878 | $56,155,510 | $930,033,981 | |||||||||
|
|
|
|
|
| |||||||
Total Investments, at Value* | $3,741,169,305 | $66,801,370 | $1,009,437,653 | |||||||||
Cash | 415,000 | — | 3,650 | |||||||||
Interest and Dividends Receivable | 5,424,167 | 10,361 | 1,895,366 | |||||||||
Securities Lending Income Receivable | 10,379 | 12,131 | — | |||||||||
Receivable for Capital Shares Issued | 2,647,718 | 300,612 | 1,169,421 | |||||||||
Receivable for Investment Securities Sold | 12,882,202 | — | 8,729,669 | |||||||||
Reclaims Receivable | — | — | 38,346 | |||||||||
Receivable from Investment Adviser | 19,695 | 6,091 | — | |||||||||
Prepaid Expenses and Other Assets | 161,374 | 29,794 | 50,629 | |||||||||
|
|
|
|
|
| |||||||
Total Assets | 3,762,729,840 | 67,160,359 | 1,021,324,734 | |||||||||
|
|
|
|
|
| |||||||
Liabilities: | ||||||||||||
Payable for Investment Securities Purchased | 26,455,354 | — | 2,778,060 | |||||||||
Payable for Capital Shares Redeemed | 18,485,966 | 246,704 | 6,062,144 | |||||||||
Payable Upon Return of Securities Loaned | 53,364,493 | 6,130,935 | — | |||||||||
Investment Advisory Fees Payable | 2,131,476 | 50,358 | 712,055 | |||||||||
Compliance and Fund Services Fees Payable | 76,832 | 2,892 | 26,097 | |||||||||
Distribution and Service Fees Payable | 176,705 | 6,670 | 59,399 | |||||||||
Trustee Fees Payable | 9,862 | 335 | 2,687 | |||||||||
Other Accrued Expenses | 3,326,136 | 125,092 | 1,101,337 | |||||||||
|
|
|
|
|
| |||||||
Total Liabilities | 104,026,824 | 6,562,986 | 10,741,779 | |||||||||
|
|
|
|
|
| |||||||
Total Net Assets | $3,658,703,016 | $60,597,373 | $1,010,582,955 | |||||||||
|
|
|
|
|
| |||||||
Net Assets Consist of: | ||||||||||||
Capital | $3,549,110,470 | $30,104,874 | $682,410,388 | |||||||||
Accumulated Net Investment Income (Loss) | 31,453,997 | (906,394 | ) | 10,208,006 | ||||||||
Accumulated Net Realized Gain from Investments Transactions | 193,988,122 | 20,753,033 | 238,560,704 | |||||||||
Net Unrealized Appreciation (Depreciation) on Investments | (115,849,573 | ) | 10,645,860 | 79,403,857 | ||||||||
|
|
|
|
|
| |||||||
Net Assets | $3,658,703,016 | $60,597,373 | $1,010,582,955 | |||||||||
|
|
|
|
|
| |||||||
Net Assets: | ||||||||||||
I Shares | $3,023,784,855 | $42,498,512 | $847,169,678 | |||||||||
A Shares | 450,533,009 | 7,784,537 | 133,688,306 | |||||||||
C Shares | 74,061,884 | 5,362,581 | 29,724,971 | |||||||||
IS Shares | 110,323,268 | 4,951,743 | — | |||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||
I Shares | 249,166,134 | 3,163,333 | 58,621,739 | |||||||||
A Shares | 37,565,104 | 649,561 | 9,476,754 | |||||||||
C Shares | 6,307,411 | 623,178 | 2,249,318 | |||||||||
IS Shares | 9,061,910 | 367,396 | — | |||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||
I Shares | $12.14 | $13.43 | $14.45 | |||||||||
A Shares | 11.99 | 11.98 | 14.11 | |||||||||
C Shares(a) | 11.74 | 8.61 | 13.22 | |||||||||
IS Shares | 12.17 | 13.48 | — | |||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||
A Shares | $12.72 | $12.71 | $14.97 | |||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % |
* | Investments include securities on loan of $52,903,155, $5,968,526 and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
19
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $6,971,923 | $64,410,406 | $49,926,700 | $94,028,863 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in Affiliates, at Value | $6,649,224 | $51,425,135 | $44,847,673 | $82,482,165 | ||||||||||||
Investments in Unaffiliated, at Value | 1,657,497 | 14,106,084 | 11,508,934 | 22,041,334 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments, at Value | 8,306,721 | 65,531,219 | 56,356,607 | 104,523,499 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Dividends Receivable | 1,962 | 67,106 | 22,216 | 74,640 | ||||||||||||
Receivable for Capital Shares Issued | 3,434 | 88,940 | 14,320 | 9,496 | ||||||||||||
Receivable from Investment Adviser | 6,509 | 3,740 | 7,214 | 3,832 | ||||||||||||
Prepaid Expenses and Other Assets | 28,769 | 29,782 | 30,932 | 20,427 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 8,347,395 | 65,720,787 | 56,431,289 | 104,631,894 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | 1,854 | 68,630 | 21,507 | 75,166 | ||||||||||||
Payable for Capital Shares Redeemed | 4 | 55,750 | 4,888 | 66,073 | ||||||||||||
Investment Advisory Fees Payable | 718 | 5,397 | 4,691 | 8,664 | ||||||||||||
Compliance and Fund Services Fees Payable | 250 | 1,242 | 1,241 | 2,481 | ||||||||||||
Distribution and Service Fees Payable | 1,466 | 19,110 | 4,142 | 13,269 | ||||||||||||
Trustee Fees Payable | 49 | 139 | 151 | 310 | ||||||||||||
Other Accrued Expenses | 18,247 | 23,094 | 64,345 | 94,033 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 22,588 | 173,362 | 100,965 | 259,996 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $8,324,807 | $65,547,425 | $56,330,324 | $104,371,898 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $5,391,842 | $62,648,978 | $46,306,353 | $85,757,759 | ||||||||||||
Accumulated Net Investment Income | 1,684 | 525,612 | 156,615 | 623,718 | ||||||||||||
Accumulated Net Realized Gain from Investments Transactions | 1,596,483 | 1,252,022 | 3,437,449 | 7,495,785 | ||||||||||||
Net Unrealized Appreciation on Investments | 1,334,798 | 1,120,813 | 6,429,907 | 10,494,636 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $8,324,807 | $65,547,425 | $56,330,324 | $104,371,898 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $3,931,469 | $32,063,498 | $46,085,633 | $79,483,240 | ||||||||||||
A Shares | 3,726,994 | 14,815,946 | 7,538,632 | 12,643,898 | ||||||||||||
C Shares | 666,344 | 18,667,981 | 2,706,059 | 12,244,760 | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 532,483 | 2,609,704 | 4,306,872 | 7,575,828 | ||||||||||||
A Shares | 511,466 | 1,208,593 | 708,505 | 1,210,415 | ||||||||||||
C Shares | 94,815 | 1,545,148 | 260,293 | 1,184,626 | ||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||
I Shares | $7.38 | $12.29 | $10.70 | $10.49 | ||||||||||||
A Shares | 7.29 | 12.26 | 10.64 | 10.45 | ||||||||||||
C Shares(a) | 7.03 | 12.08 | 10.40 | 10.34 | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||
A Shares | $7.73 | $12.87 | $11.29 | $11.09 | ||||||||||||
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.
20
Table of Contents
RIDGEWORTH FUNDS For the Period Ended September 30, 2015
(Unaudited)
Aggressive Growth Stock Fund | International Equity Fund | Large Cap Growth Stock Fund | Large Cap Value Equity Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $19,689 | $423,063 | $1,178,806 | $28,770,253 | ||||||||||||
Net Income from Securities Lending | — | 9,664 | 413 | — | ||||||||||||
Less: Foreign Taxes Withheld | — | (38,798 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 19,689 | 393,929 | 1,179,219 | 28,770,253 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 160,654 | 105,871 | 1,016,304 | 7,634,435 | ||||||||||||
Administration Fees | 1,917 | 1,204 | 14,727 | 118,703 | ||||||||||||
Fund Accounting Fees | 1,816 | 1,089 | 13,840 | 115,941 | ||||||||||||
Transfer Agency Fees | 9,433 | 3,748 | 139,068 | 121,006 | ||||||||||||
Compliance & Fund Services Fees | 1,372 | 893 | 11,336 | 94,356 | ||||||||||||
Distribution and Service Fees — A Shares | 22,336 | 6,204 | 100,678 | 657,676 | ||||||||||||
Distribution and Service Fees — C Shares | — | — | 232,107 | 104,521 | ||||||||||||
Shareholder Servicing Fees — I Shares | 30,746 | 12,073 | 219,451 | 3,324,543 | ||||||||||||
Shareholder Servicing Fees — A Shares | 4,801 | 141 | 7,339 | 733,099 | ||||||||||||
Custodian Fees | 3,166 | 15,230 | 6,675 | 21,068 | ||||||||||||
Printing Fees | 2,713 | 1,226 | 12,978 | 79,945 | ||||||||||||
Registration Fees | 15,474 | 16,583 | 30,134 | 35,154 | ||||||||||||
Trustee Fees | 783 | 481 | 6,005 | 50,021 | ||||||||||||
Other Fees | 7,604 | 12,145 | 24,367 | 147,570 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Expenses | 262,815 | 176,888 | 1,835,009 | 13,238,038 | ||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (4,875 | ) | (14,532 | ) | (174,726 | ) | (1,238,836 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 257,940 | 162,356 | 1,660,283 | 11,999,202 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income (Loss) | (238,251 | ) | 231,573 | (481,064 | ) | 16,771,051 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies: | ||||||||||||||||
Net Realized Gain from: | ||||||||||||||||
Investment and Foreign Currency Transactions | 1,010,928 | 3,158,513 | 6,538,106 | 111,260,902 | ||||||||||||
Net Change in Unrealized Depreciation on: | ||||||||||||||||
Investments and Foreign Currencies | (2,356,746 | ) | (5,058,092 | ) | (18,722,863 | ) | (333,208,439 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Loss on Investments and Foreign Currencies | (1,345,818 | ) | (1,899,579 | ) | (12,184,757 | ) | (221,947,537 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | $ | (1,584,069 | ) | $ | (1,668,006 | ) | $ | (12,665,821 | ) | $ | (205,176,486 | ) | ||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
21
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2015
(Unaudited)
Mid-Cap Value Equity Fund | Small Cap Growth Stock Fund | Small Cap Value Equity Fund | ||||||||||
Investment Income: | ||||||||||||
Dividend Income | $46,862,219 | $235,006 | $11,832,430 | |||||||||
Net Income from Securities Lending | 20,089 | 81,535 | — | |||||||||
Less: Foreign Taxes Withheld | — | — | (53,173 | ) | ||||||||
|
|
|
|
|
| |||||||
Total Investment Income | 46,882,308 | 316,541 | 11,779,257 | |||||||||
|
|
|
|
|
| |||||||
Expenses: | ||||||||||||
Investment Advisory Fees | 14,765,215 | 560,442 | 4,900,491 | |||||||||
Administration Fees | 217,677 | 6,692 | 60,757 | |||||||||
Fund Accounting Fees | 201,221 | 7,078 | 65,329 | |||||||||
Transfer Agency Fees | 572,299 | 14,195 | 112,723 | |||||||||
Compliance & Fund Services Fees | 164,396 | 5,735 | 50,551 | |||||||||
Distribution and Service Fees — A Shares | 818,703 | 13,489 | 227,780 | |||||||||
Distribution and Service Fees — C Shares | 418,183 | 30,583 | 162,865 | |||||||||
Shareholder Servicing Fees — I Shares | 6,126,635 | 214,472 | 1,570,106 | |||||||||
Shareholder Servicing Fees — A Shares | 990,358 | 2,539 | 257,164 | |||||||||
Custodian Fees | 36,804 | 6,066 | 15,531 | |||||||||
Printing Fees | 180,671 | 5,927 | 106,584 | |||||||||
Registration Fees | 51,489 | 28,336 | 25,179 | |||||||||
Trustee Fees | 90,449 | 3,022 | 26,103 | |||||||||
Other Fees | 260,947 | 12,898 | 89,450 | |||||||||
|
|
|
|
|
| |||||||
Total Expenses | 24,895,047 | 911,474 | 7,670,613 | |||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (86,332 | ) | (38,416 | ) | — | |||||||
|
|
|
|
|
| |||||||
Net Expenses | 24,808,715 | 873,058 | 7,670,613 | |||||||||
|
|
|
|
|
| |||||||
Net Investment Income (Loss) | 22,073,593 | (556,517 | ) | 4,108,644 | ||||||||
|
|
|
|
|
| |||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||
Net Realized Gain from: | ||||||||||||
Investment Transactions | 119,790,103 | 20,097,802 | 180,160,389 | |||||||||
Net Change in Unrealized Depreciation on: | ||||||||||||
Investments | (645,224,322 | ) | (28,726,566 | ) | (266,163,376 | ) | ||||||
|
|
|
|
|
| |||||||
Net Realized and Unrealized Loss on Investments | (525,434,219 | ) | (8,628,764 | ) | (86,002,987 | ) | ||||||
|
|
|
|
|
| |||||||
Change in Net Assets from Operations | $ | (503,360,626 | ) | $(9,185,281 | ) | $(81,894,343 | ) | |||||
|
|
|
|
|
|
See Notes to Financial Statements.
22
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2015
(Unaudited)
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $22,489 | $145,633 | $144,155 | $263,430 | ||||||||||||
Dividend Income from Affiliated Investment Companies | 14,788 | 430,349 | 163,669 | 530,460 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 37,277 | 575,982 | 307,824 | 793,890 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 4,866 | 33,431 | 31,479 | 58,764 | ||||||||||||
Administration Fees | 494 | 3,391 | 3,193 | 5,961 | ||||||||||||
Fund Accounting Fees | 10,132 | 10,132 | 10,132 | 10,132 | ||||||||||||
Transfer Agency Fees | 3,724 | 14,780 | 6,988 | 15,492 | ||||||||||||
Compliance & Fund Services Fees | 429 | 2,577 | 2,528 | 4,896 | ||||||||||||
Distribution and Service Fees — A Shares | 6,456 | 23,415 | 12,442 | 20,636 | ||||||||||||
Distribution and Service Fees — C Shares | 3,370 | 93,299 | 14,977 | 65,764 | ||||||||||||
Shareholder Servicing Fees — I Shares | 8,983 | 17,984 | 95,942 | 136,721 | ||||||||||||
Shareholder Servicing Fees — A Shares | 1,791 | 3,372 | 2,922 | 11,437 | ||||||||||||
Custodian Fees | 9,759 | 9,168 | 11,042 | 12,197 | ||||||||||||
Printing Fees | 766 | 3,410 | 2,443 | 4,747 | ||||||||||||
Registration Fees | 20,585 | 21,472 | 22,434 | 20,306 | ||||||||||||
Trustee Fees | 227 | 1,377 | 1,343 | 2,559 | ||||||||||||
Other Fees | 3,760 | 5,577 | 5,548 | 7,671 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Expenses | 75,342 | 243,385 | 223,413 | 377,283 | ||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (43,947 | ) | (25,932 | ) | (46,249 | ) | (20,124 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 31,395 | 217,453 | 177,164 | 357,159 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 5,882 | 358,529 | 130,660 | 436,731 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||
Investment Transactions | 377,649 | (24,068 | ) | 414,398 | 1,336,901 | |||||||||||
Net Change in Unrealized Depreciation on: | ||||||||||||||||
Investments | (1,036,233 | ) | (2,938,897 | ) | (4,524,285 | ) | (7,582,303 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Loss on Investments | (658,584 | ) | (2,962,965 | ) | (4,109,887 | ) | (6,245,402 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | $(652,702 | ) | $ | (2,604,436 | ) | $ | (3,979,227 | ) | $ | (5,808,671 | ) | |||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
23
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS For the Periods Indicated
Aggressive Growth Stock Fund | International Equity Fund | Large Cap Growth Stock Fund | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | (238,251 | ) | $ | (589,682 | ) | $ | 231,573 | $ | 544,062 | $ | (481,064 | ) | $ | (486,719 | ) | ||||||||
Net Realized Gain | 1,010,928 | 3,104,323 | 3,158,513 | 2,381,923 | 6,538,106 | 29,833,223 | ||||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (2,356,746 | ) | (1,753,720 | ) | (5,058,092 | ) | (4,309,109 | ) | (18,722,863 | ) | 9,728,182 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | (1,584,069 | ) | 760,921 | (1,668,006 | ) | (1,383,124 | ) | (12,665,821 | ) | 39,074,686 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | — | (121,394 | ) | (384,870 | ) | — | — | ||||||||||||||||
A Shares | — | — | (23,586 | ) | (82,910 | ) | — | — | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (848,209 | ) | — | (1,839,409 | ) | — | (9,151,015 | ) | |||||||||||||||
A Shares | — | (446,147 | ) | — | (429,694 | ) | — | (5,499,119 | ) | |||||||||||||||
C Shares | — | — | — | — | — | (3,786,190 | ) | |||||||||||||||||
IS Shares* | — | — | — | — | — | (3,925,659 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (1,294,356 | ) | (144,980 | ) | (2,736,883 | ) | — | (22,361,983 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (2,692,361 | ) | (24,055,093 | ) | 939,334 | (4,468,167 | ) | (19,909,660 | ) | (10,709,008 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (4,276,430 | ) | (24,588,528 | ) | (873,652 | ) | (8,588,174 | ) | (32,575,481 | ) | 6,003,695 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 34,856,631 | 59,445,159 | 23,145,457 | 31,733,631 | 292,834,791 | 286,831,096 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 30,580,201 | $ | 34,856,631 | $ | 22,271,805 | $ | 23,145,457 | $ | 260,259,310 | $ | 292,834,791 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (368,200 | ) | $ | (129,949 | ) | $ | 312,894 | $ | 226,301 | $ | (486,922 | ) | $ | (5,858 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
* | IS Shares commenced operations on August 1, 2014 (September 1, 2015 for International Equity Fund). |
See Notes to Financial Statements.
24
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Large Cap Value Equity Fund | Mid-Cap Value Equity Fund | Small Cap Growth Stock Fund | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 16,771,051 | $ | 29,935,953 | $ | 22,073,593 | $ | 35,676,749 | $ | (556,517 | ) | $ | (1,490,321 | ) | ||||||||||
Net Realized Gain | 111,260,902 | 160,664,758 | 119,790,103 | 271,198,162 | 20,097,802 | 12,370,880 | ||||||||||||||||||
Net Change in Unrealized Depreciation | (333,208,439 | ) | (30,015,618 | ) | (645,224,322 | ) | (8,092,608 | ) | (28,726,566 | ) | (6,929,715 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | (205,176,486 | ) | 160,585,093 | (503,360,626 | ) | 298,782,303 | (9,185,281 | ) | 3,950,844 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | (24,539,040 | ) | — | (28,937,883 | ) | — | — | ||||||||||||||||
A Shares | — | (4,101,116 | ) | — | (3,327,424 | ) | — | — | ||||||||||||||||
C Shares | — | (119,169 | ) | — | (182,658 | ) | — | — | ||||||||||||||||
IS Shares* | — | (449,243 | ) | — | (145,326 | ) | — | — | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (149,057,379 | ) | — | (302,444,965 | ) | — | (19,925,036 | ) | |||||||||||||||
A Shares | — | (32,303,093 | ) | — | (53,249,128 | ) | — | (1,656,015 | ) | |||||||||||||||
C Shares | — | (1,679,941 | ) | — | (7,435,108 | ) | — | (1,401,026 | ) | |||||||||||||||
IS Shares* | — | (3,099,374 | ) | — | (1,428,255 | ) | — | (945,692 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (215,348,355 | ) | — | (397,150,747 | ) | — | (23,927,769 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (198,945,713 | ) | 303,056,171 | (91,065,591 | ) | 498,071,026 | (78,961,127 | ) | (19,823,631 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (404,122,199 | ) | 248,292,909 | (594,426,217 | ) | 399,702,582 | (88,146,408 | ) | (39,800,556 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 2,447,457,611 | 2,199,164,702 | 4,253,129,233 | 3,853,426,651 | 148,743,781 | 188,544,337 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 2,043,335,412 | $ | 2,447,457,611 | $ | 3,658,703,016 | $ | 4,253,129,233 | $ | 60,597,373 | $ | 148,743,781 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 23,946,336 | $ | 7,175,285 | $ | 31,453,997 | $ | 9,380,404 | $ | (906,394 | ) | $ | (349,877 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
* | IS Shares commenced operations on August 1, 2014. |
See Notes to Financial Statements.
25
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Small Cap Value Equity Fund | Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 4,108,644 | $ | 17,100,890 | $ | 5,882 | $ | 68,764 | $ | 358,529 | $ | 903,432 | ||||||||||||
Net Realized Gain (Loss) | 180,160,389 | 90,229,132 | 377,649 | 2,781,951 | (24,068 | ) | 2,181,193 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (266,163,376 | ) | (61,974,776 | ) | (1,036,233 | ) | (1,638,362 | ) | (2,938,897 | ) | 508,047 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | (81,894,343 | ) | 45,355,246 | (652,702 | ) | 1,212,353 | (2,604,436 | ) | 3,592,672 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | (11,480,111 | ) | — | (161,145 | ) | — | (762,134 | ) | |||||||||||||||
A Shares | — | (916,870 | ) | — | (86,990 | ) | — | (339,565 | ) | |||||||||||||||
C Shares | — | (96,253 | ) | — | (10,001 | ) | — | (266,817 | ) | |||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (208,085,068 | ) | — | (1,301,686 | ) | — | (674,179 | ) | |||||||||||||||
A Shares | — | (26,472,803 | ) | — | (763,286 | ) | — | (341,200 | ) | |||||||||||||||
C Shares | — | (5,818,147 | ) | — | (116,340 | ) | — | (388,227 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (252,869,252 | ) | — | (2,439,448 | ) | — | (2,772,122 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (222,237,630 | ) | (239,450,919 | ) | (1,451,328 | ) | (7,913,651 | ) | 1,353,357 | 4,702,957 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (304,131,973 | ) | (446,964,925 | ) | (2,104,030 | ) | (9,140,746 | ) | (1,251,079 | ) | 5,523,507 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 1,314,714,928 | 1,761,679,853 | 10,428,837 | 19,569,583 | 66,798,504 | 61,274,997 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 1,010,582,955 | $ | 1,314,714,928 | $ | 8,324,807 | $ | 10,428,837 | $ | 65,547,425 | $ | 66,798,504 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 10,208,006 | $ | 6,099,362 | $ | 1,684 | $ | (4,198 | ) | $ | 525,612 | $ | 167,083 | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
26
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (concluded)
RIDGEWORTH FUNDS For the Periods Indicated
Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 130,660 | $ | 471,673 | $ | 436,731 | $ | 1,428,147 | ||||||||
Net Realized Gain | 414,398 | 5,182,845 | 1,336,901 | 9,725,324 | ||||||||||||
Net Change in Unrealized Depreciation | (4,524,285 | ) | (920,555 | ) | (7,582,303 | ) | (2,565,429 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | (3,979,227 | ) | 4,733,963 | (5,808,671 | ) | 8,588,042 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||
Net Investment Income: | ||||||||||||||||
I Shares | — | (1,049,547 | ) | — | (2,171,028 | ) | ||||||||||
A Shares | — | (165,023 | ) | — | (373,163 | ) | ||||||||||
C Shares | — | (42,123 | ) | — | (212,350 | ) | ||||||||||
Net Realized Gains: | ||||||||||||||||
I Shares | — | (2,308,978 | ) | — | (4,896,911 | ) | ||||||||||
A Shares | — | (399,136 | ) | — | (894,369 | ) | ||||||||||
C Shares | — | (138,486 | ) | — | (701,661 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Dividends and Distributions | — | (4,103,293 | ) | — | (9,249,482 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Capital Transactions | (4,975,715 | ) | (986,685 | ) | (15,645,449 | ) | (17,731,499 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets | (8,954,942 | ) | (356,015 | ) | (21,454,120 | ) | (18,392,939 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
Beginning of Period | 65,285,266 | 65,641,281 | 125,826,018 | 144,218,957 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
End of Period | $ | 56,330,324 | $ | 65,285,266 | $ | 104,371,898 | $ | 125,826,018 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Accumulated Net Investment Income, End of Period | $ | 156,615 | $ | 25,955 | $ | 623,718 | $ | 186,987 | ||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
27
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
Aggressive Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $21.49 | $(0.14 | ) | $(0.26 | ) | $(0.40 | ) | $— | $— | $— | $— | $21.09 | $19,627 | (1.81 | )% | 1.31 | % | 1.36 | % | (1.21 | )% | 39 | % | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 21.20 | (0.26 | ) | 1.21 | 0.95 | — | — | (0.66 | ) | (0.66 | ) | 21.49 | 24,321 | 4.61 | 1.31 | 1.34 | (1.20 | ) | 42 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.60 | (0.22 | ) | 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 | ) | 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 | ) | (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 | ) | 3.71 | 3.59 | — | — | — | — | 16.45 | 134,643 | 27.99 | 1.19 | 1.19 | (0.89 | ) | 53 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 20.76 | (0.15 | ) | (0.25 | ) | (0.40 | ) | — | — | — | — | 20.36 | 10,953 | (1.93 | ) | 1.44 | 1.44 | (1.34 | ) | 39 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 20.53 | (0.28 | ) | 1.17 | 0.89 | — | — | (0.66 | ) | (0.66 | ) | 20.76 | 10,535 | 4.47 | 1.45 | 1.45 | (1.34 | ) | 42 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.16 | (0.24 | ) | 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 | ) | 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 | ) | (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 | ) | 3.64 | 3.48 | — | — | — | — | 16.10 | 3,519 | 27.58 | 1.49 | 1.49 | (1.19 | ) | 53 | |||||||||||||||||||||||||||||||||||||||||||
International Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.45 | 0.11 | (0.83 | ) | (0.72 | ) | (0.07 | ) | — | — | (0.07 | ) | 9.66 | 9,335 | (6.93 | ) | 1.35 | 1.46 | 2.12 | 109 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 12.45 | 0.25 | (0.90 | ) | (0.65 | ) | (0.23 | ) | — | (1.12 | ) | (1.35 | ) | 10.45 | 19,023 | (4.59 | ) | 1.37 | 1.48 | 2.15 | 41 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.64 | 0.55 | 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 | 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 | (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 | 1.02 | 1.18 | (0.27 | ) | — | — | (0.27 | ) | 11.62 | 252,253 | 11.29 | 1.27 | 1.27 | 1.49 | 80 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.34 | 0.09 | (0.82 | ) | (0.73 | ) | (0.06 | ) | — | — | (0.06 | ) | 9.55 | 3,716 | (6.96 | ) | 1.54 | 1.64 | 1.77 | 109 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 12.35 | 0.20 | (0.87 | ) | (0.67 | ) | (0.22 | ) | — | (1.12 | ) | (1.34 | ) | 10.34 | 4,123 | (4.87 | ) | 1.57 | 1.66 | 1.79 | 41 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.51 | 0.20 | 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 | 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 | (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 | 1.01 | 1.14 | (0.24 | ) | — | — | (0.24 | ) | 11.49 | 7,227 | 10.98 | 1.57 | 1.57 | 1.24 | 80 | |||||||||||||||||||||||||||||||||||||||||||
IS Shares(f) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 9.85 | — | (g) | (0.19 | ) | (0.19 | ) | — | — | — | — | 9.66 | 9,221 | (1.93 | ) | 1.10 | 1.42 | (0.23 | ) | 109 | ||||||||||||||||||||||||||||||||||||||||
Large Cap Growth Stock Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.32 | (0.01 | ) | (0.47 | ) | (0.48 | ) | — | — | — | — | 9.84 | 112,866 | (4.65 | ) | 0.97 | 1.23 | (0.16 | ) | 7 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.70 | — | 1.40 | 1.40 | — | — | (0.78 | ) | (0.78 | ) | 10.32 | 127,236 | 15.03 | 0.94 | 1.17 | (0.04 | ) | 13 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.31 | 0.01 | 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 | 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 | ) | 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 | 1.95 | 1.96 | — | (g) | — | — | — | 11.55 | 406,017 | 20.48 | 1.04 | 1.06 | 0.06 | 30 |
See Notes to Financial Highlights and Notes to Financial Statements.
28
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $8.75 | $(0.02 | ) | $(0.40 | ) | $(0.42 | ) | $— | $— | $— | $— | $8.33 | $60,761 | (4.80 | )% | 1.18 | % | 1.20 | % | (0.37 | )% | 7 | % | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 8.35 | (0.02 | ) | 1.20 | 1.18 | — | — | (0.78 | ) | (0.78 | ) | 8.75 | 65,953 | 14.83 | 1.18 | 1.19 | (0.26 | ) | 13 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.27 | (0.02 | ) | 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 | — | (g) | 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 | ) | 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 | ) | 1.81 | 1.79 | — | — | — | — | 10.70 | 46,358 | 20.09 | 1.34 | 1.36 | (0.24 | ) | 30 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 6.38 | (0.03 | ) | (0.30 | ) | (0.33 | ) | — | — | — | — | 6.05 | 42,225 | (5.17 | ) | 1.86 | 1.88 | (1.05 | ) | 7 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 6.32 | (0.06 | ) | 0.90 | 0.84 | — | — | (0.78 | ) | (0.78 | ) | 6.38 | 46,678 | 14.20 | 1.86 | 1.87 | (0.90 | ) | 13 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 5.71 | (0.06 | ) | 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 | ) | 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 | ) | 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 | ) | 1.62 | 1.54 | — | — | — | — | 9.48 | 17,680 | 19.40 | 2.04 | 2.06 | (0.94 | ) | 30 | |||||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.33 | — | (g) | (0.47 | ) | (0.47 | ) | — | — | — | — | 9.86 | 44,407 | (4.55 | ) | 0.86 | 0.88 | (0.05 | ) | 7 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015 | 9.97 | 0.01 | 1.13 | 1.14 | — | — | (0.78 | ) | (0.78 | ) | 10.33 | 52,967 | 12.02 | 0.85 | 0.87 | 0.16 | 13 | |||||||||||||||||||||||||||||||||||||||||||
Large Cap Value Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 16.60 | 0.12 | (1.60 | ) | (1.48 | ) | — | — | — | — | 15.12 | 1,555,823 | (8.92 | ) | 0.97 | 1.09 | 1.49 | 37 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 17.02 | 0.23 | 0.99 | 1.22 | (0.23 | ) | — | (1.41 | ) | (1.64 | ) | 16.60 | 1,927,039 | 7.25 | 0.95 | 1.07 | 1.33 | 73 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.76 | 0.24 | 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 | 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 | 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 | 1.75 | 1.93 | (0.17 | ) | — | — | (0.17 | ) | 13.47 | 1,348,969 | 16.69 | 0.83 | 0.83 | 1.48 | 134 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 16.48 | 0.10 | (1.60 | ) | (1.50 | ) | — | — | — | — | 14.98 | 368,384 | (9.04 | ) | 1.27 | 1.35 | 1.18 | 37 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 16.90 | 0.18 | 0.99 | 1.17 | (0.18 | ) | — | (1.41 | ) | (1.59 | ) | 16.48 | 461,642 | 6.98 | 1.25 | 1.36 | 1.03 | 73 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.67 | 0.19 | 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 | 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 | 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 | 1.74 | 1.89 | (0.14 | ) | — | — | (0.14 | ) | 13.41 | 80,048 | 16.37 | 1.13 | 1.13 | 1.20 | 134 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 16.15 | 0.06 | (1.56 | ) | (1.50 | ) | — | — | — | — | 14.65 | 18,386 | (9.29 | ) | 1.72 | 1.72 | 0.74 | 37 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 16.59 | 0.10 | 0.97 | 1.07 | (0.10 | ) | — | (1.41 | ) | (1.51 | ) | 16.15 | 21,207 | 6.50 | 1.71 | 1.71 | 0.57 | 73 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.42 | 0.10 | 3.22 | 3.32 | (0.11 | ) | — | (2.04 | ) | (2.15 | ) | 16.59 | 20,239 | 21.98 | 1.71 | 1.71 | 0.62 | 81 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 13.50 | 0.12 | 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 | 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 | 1.72 | 1.78 | (0.06 | ) | — | — | (0.06 | ) | 13.21 | 18,686 | 15.53 | 1.83 | 1.83 | 0.48 | 134 |
See Notes to Financial Highlights and Notes to Financial Statements.
29
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $16.66 | $0.14 | $(1.61 | ) | $(1.47 | ) | $— | $— | $— | $— | $15.19 | $100,743 | (8.82 | )% | 0.72 | % | 0.72 | % | 1.77 | % | 37 | % | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015 | 17.54 | 0.19 | 0.54 | 0.73 | (0.20 | ) | — | (1.41 | ) | (1.61 | ) | 16.66 | 37,570 | 4.26 | 0.71 | 0.71 | 1.65 | 73 | ||||||||||||||||||||||||||||||||||||||||||
Mid-Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 13.74 | 0.07 | (1.67 | ) | (1.60 | ) | — | — | — | — | 12.14 | 3,023,785 | (11.64 | ) | 1.11 | 1.11 | 1.07 | 53 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 14.09 | 0.13 | 0.93 | 1.06 | (0.12 | ) | — | (1.29 | ) | (1.41 | ) | 13.74 | 3,552,288 | 7.76 | 1.10 | 1.10 | 0.92 | 94 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 13.06 | 0.14 | 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 | 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 | (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 | 2.26 | 2.36 | (0.09 | ) | — | (0.74 | ) | (0.83 | ) | 12.70 | 1,710,610 | 21.89 | 1.04 | 1.04 | 0.91 | 170 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 13.60 | 0.05 | (1.66 | ) | (1.61 | ) | — | — | — | — | 11.99 | 450,533 | (11.84 | ) | 1.40 | 1.43 | 0.77 | 53 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 13.96 | 0.09 | 0.92 | 1.01 | (0.08 | ) | — | (1.29 | ) | (1.37 | ) | 13.60 | 590,327 | 7.45 | 1.38 | 1.41 | 0.64 | 94 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.96 | 0.10 | 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 | 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 | (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 | 2.24 | 2.32 | (0.07 | ) | — | (0.74 | ) | (0.81 | ) | 12.62 | 252,165 | 21.55 | 1.35 | 1.35 | 0.70 | 170 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 13.34 | 0.03 | (1.63 | ) | (1.60 | ) | — | — | — | — | 11.74 | 74,062 | (11.99 | ) | 1.77 | 1.77 | 0.42 | 53 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 13.72 | 0.04 | 0.90 | 0.94 | (0.03 | ) | — | (1.29 | ) | (1.32 | ) | 13.34 | 87,115 | 7.06 | 1.75 | 1.75 | 0.28 | 94 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.77 | 0.05 | 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 | 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 | (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 | — | 2.21 | 2.21 | (0.01 | ) | — | (0.74 | ) | (0.75 | ) | 12.48 | 24,496 | 20.71 | 2.04 | 2.04 | (0.04 | ) | 170 | |||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 13.76 | 0.11 | (1.70 | ) | (1.59 | ) | — | — | — | — | 12.17 | 110,323 | (11.56 | ) | 0.79 | 0.79 | 1.59 | 53 | ||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015 | 14.28 | 0.13 | 0.77 | 0.90 | (0.13 | ) | — | (1.29 | ) | (1.42 | ) | 13.76 | 23,398 | 6.54 | 0.75 | 0.75 | 1.39 | 94 | ||||||||||||||||||||||||||||||||||||||||||
Small Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 14.83 | (0.06 | ) | (1.34 | ) | (1.40 | ) | — | — | — | — | 13.43 | 42,499 | (9.38 | ) | 1.30 | 1.37 | (0.82 | ) | 45 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 16.82 | (0.14 | ) | 0.65 | 0.51 | — | — | (2.50 | ) | (2.50 | ) | 14.83 | 126,223 | 4.31 | (i) | 1.28 | 1.34 | (0.92 | ) | 31 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.66 | (0.16 | ) | 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 | ) | 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 | ) | 0.14 | (j) | 0.04 | — | — | — | — | 17.21 | 267,694 | 0.23 | 1.23 | 1.23 | (0.62 | ) | 71 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 13.32 | (0.11 | ) | 3.96 | 3.85 | — | — | — | — | 17.17 | 408,399 | 28.90 | 1.23 | 1.23 | (0.81 | ) | 112 |
See Notes to Financial Highlights and Notes to Financial Statements.
30
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 13.23 | $ | (0.06 | ) | $ | (1.19 | ) | $ | (1.25 | ) | $ | — | $ | — | $ | — | $ | — | $ | 11.98 | $ | 7,785 | (9.45 | )% | 1.35 | % | 1.35 | % | (0.87 | )% | 45 | % | |||||||||||||||||||||||||||
Year Ended March 31, 2015 | 15.30 | (0.13 | ) | 0.56 | 0.43 | — | — | (2.50 | ) | (2.50 | ) | 13.23 | 9,889 | 4.21 | 1.32 | 1.32 | (0.96 | ) | 31 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 14.46 | (0.15 | ) | 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 | ) | 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 | ) | 0.13 | (j) | (0.01 | ) | — | — | — | — | 16.18 | 10,032 | (0.06 | ) | 1.54 | 1.54 | (0.91 | ) | 71 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 12.59 | (0.15 | ) | 3.75 | 3.60 | — | — | — | — | 16.19 | 12,235 | 28.59 | 1.53 | 1.53 | (1.11 | ) | 112 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 9.53 | (0.07 | ) | (0.85 | ) | (0.92 | ) | — | — | — | — | 8.61 | 5,363 | (9.65 | ) | 2.00 | 2.00 | (1.51 | ) | 45 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.82 | (0.17 | ) | 0.38 | 0.21 | — | — | (2.50 | ) | (2.50 | ) | 9.53 | 6,397 | 3.55 | 1.96 | 1.96 | (1.60 | ) | 31 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.77 | (0.20 | ) | 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 | ) | 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 | ) | 0.11 | (j) | (0.10 | ) | — | — | — | — | 13.91 | 8,129 | (0.71 | ) | 2.24 | 2.24 | (1.61 | ) | 71 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.98 | (0.21 | ) | 3.24 | 3.03 | — | — | — | — | 14.01 | 9,636 | 27.60 | 2.23 | 2.23 | (1.81 | ) | 112 | |||||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 14.85 | (0.04 | ) | (1.33 | ) | (1.37 | ) | — | — | — | — | 13.48 | 4,952 | (9.23 | ) | 1.00 | 1.00 | (0.51 | ) | 45 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015 | 15.61 | (0.06 | ) | 1.80 | 1.74 | — | — | (2.50 | ) | (2.50 | ) | 14.85 | 6,235 | 12.53 | 0.96 | 0.96 | (0.56 | ) | 31 | |||||||||||||||||||||||||||||||||||||||||
Small Cap Value Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 15.59 | 0.06 | (1.20 | ) | (1.14 | ) | — | — | — | — | 14.45 | 847,170 | (7.31 | ) | 1.22 | 1.22 | 0.74 | 25 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 17.95 | 0.20 | 0.38 | 0.58 | (0.15 | ) | — | (2.79 | ) | (2.94 | ) | 15.59 | 1,118,190 | 4.07 | 1.21 | 1.21 | 1.16 | 10 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.45 | 0.17 | 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 | 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 | (0.07 | )(j) | 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 | 2.79 | 2.89 | (0.11 | ) | — | — | (0.11 | ) | 14.54 | 1,002,005 | 24.68 | 1.21 | 1.21 | 0.82 | 72 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 15.25 | 0.03 | (1.17 | ) | (1.14 | ) | — | — | — | — | 14.11 | 133,688 | (7.48 | ) | 1.55 | 1.55 | 0.45 | 25 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 17.61 | 0.15 | 0.38 | 0.53 | (0.10 | ) | — | (2.79 | ) | (2.89 | ) | 15.25 | 162,732 | 3.79 | 1.52 | 1.52 | 0.89 | 10 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.19 | 0.12 | 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 | 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 | (0.08 | )(j) | — | (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 | 2.75 | 2.81 | (0.07 | ) | — | — | (0.07 | ) | 14.33 | 103,365 | 24.38 | 1.52 | 1.52 | 0.48 | 72 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 14.31 | 0.01 | (1.10 | ) | (1.09 | ) | — | — | — | — | 13.22 | 29,725 | (7.62 | ) | 1.91 | 1.91 | 0.10 | 25 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 16.71 | 0.08 | 0.36 | 0.44 | (0.05 | ) | — | (2.79 | ) | (2.84 | ) | 14.31 | 33,793 | 3.42 | 1.88 | 1.88 | 0.54 | 10 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 14.47 | 0.06 | 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 | 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 | ) | (0.08 | )(j) | (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 | ) | 2.64 | 2.62 | (0.01 | ) | — | — | (0.01 | ) | 13.76 | 32,074 | 23.51 | 2.21 | 2.21 | (0.18 | ) | 72 |
See Notes to Financial Highlights and Notes to Financial Statements.
31
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
Aggressive Growth Allocation Strategy(k) |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 7.97 | $ | 0.01 | $ | (0.60 | ) | $ | (0.59 | ) | $ | — | $ | — | $ | — | $ | — | $ | 7.38 | $ | 3,931 | (7.40 | )% | 0.50 | % | 1.50 | % | 0.27 | % | 16 | % | ||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 8.98 | 0.04 | 0.62 | 0.66 | (0.18 | ) | — | (1.49 | ) | (1.67 | ) | 7.97 | 4,920 | 7.79 | 0.50 | 1.12 | 0.46 | 36 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.95 | 0.09 | 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 | 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 | (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 | 1.18 | 1.23 | (0.09 | ) | — | — | (0.09 | ) | 8.57 | 22,524 | 16.73 | 0.20 | 0.52 | 0.71 | 19 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 7.87 | — | (g) | (0.58 | ) | (0.58 | ) | — | — | — | — | 7.29 | 3,727 | (7.37 | ) | 0.70 | 1.51 | 0.06 | 16 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 8.89 | 0.04 | 0.60 | 0.64 | (0.17 | ) | — | (1.49 | ) | (1.66 | ) | 7.87 | 4,815 | 7.56 | 0.70 | 1.12 | 0.46 | 36 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.88 | 0.09 | 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 | 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 | (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 | 1.17 | 1.21 | (0.07 | ) | — | — | (0.07 | ) | 8.52 | 4,655 | 16.48 | 0.50 | 0.84 | 0.51 | 19 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 7.61 | (0.02 | ) | (0.56 | ) | (0.58 | ) | — | — | — | — | 7.03 | 666 | (7.62 | ) | 1.30 | 2.13 | (0.54 | ) | 16 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 8.66 | (0.01 | ) | 0.58 | 0.57 | (0.13 | ) | — | (1.49 | ) | (1.62 | ) | 7.61 | 694 | 6.89 | 1.30 | 1.73 | (0.16 | ) | 36 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.69 | 0.03 | 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 | ) | 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 | ) | (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 | ) | 1.16 | 1.14 | (0.05 | ) | — | — | (0.05 | ) | 8.39 | 1,059 | 15.70 | 1.20 | 1.52 | (0.33 | ) | 19 | |||||||||||||||||||||||||||||||||||||||||
Conservative Allocation Strategy(k) |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 12.76 | 0.09 | (0.56 | ) | (0.47 | ) | — | — | — | — | 12.29 | 32,063 | (3.68 | ) | 0.30 | 0.43 | 1.42 | 10 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 12.60 | 0.23 | 0.53 | 0.76 | (0.32 | ) | — | (0.28 | ) | (0.60 | ) | 12.76 | 32,606 | 6.17 | (i) | 0.30 | 0.45 | 1.77 | 17 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.54 | 0.24 | 0.68 | 0.92 | (0.34 | ) | — | (0.52 | ) | (0.86 | ) | 12.60 | 28,894 | 7.48 | (i) | 0.30 | 0.38 | 1.88 | 24 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.27 | 0.21 | 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 | 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 | 0.75 | 1.03 | (0.46 | ) | — | (0.01 | ) | (0.47 | ) | 12.07 | 12,897 | 9.15 | 0.20 | 0.66 | 2.41 | 28 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 12.75 | 0.07 | (0.56 | ) | (0.49 | ) | — | — | — | — | 12.26 | 14,816 | (3.84 | ) | 0.60 | 0.66 | 1.12 | 10 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 12.59 | 0.19 | 0.53 | 0.72 | (0.28 | ) | — | (0.28 | ) | (0.56 | ) | 12.75 | 15,991 | 5.86 | 0.60 | 0.67 | 1.47 | 17 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.53 | 0.20 | 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 | 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 | 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 | 0.71 | 0.99 | (0.43 | ) | — | (0.01 | ) | (0.44 | ) | 12.06 | 8,371 | 8.73 | 0.50 | 0.96 | 2.35 | 28 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 12.61 | 0.03 | (0.56 | ) | (0.53 | ) | — | — | — | — | 12.08 | 18,668 | (4.20 | ) | 1.30 | 1.32 | 0.42 | 10 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 12.46 | 0.10 | 0.53 | 0.63 | (0.20 | ) | — | (0.28 | ) | (0.48 | ) | 12.61 | 18,201 | 5.11 | (i) | 1.30 | 1.33 | 0.76 | 17 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.42 | 0.11 | 0.67 | 0.78 | (0.22 | ) | — | (0.52 | ) | (0.74 | ) | 12.46 | 17,110 | 6.38 | (i) | 1.30 | 1.32 | 0.89 | 24 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.18 | 0.09 | 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 | 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 | 0.74 | 0.91 | (0.35 | ) | — | (0.01 | ) | (0.36 | ) | 11.99 | 7,305 | 8.07 | 1.20 | 1.65 | 1.47 | 28 |
See Notes to Financial Highlights and Notes to Financial Statements.
32
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
Growth Allocation Strategy(k) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 11.46 | $ | 0.03 | $ | (0.79 | ) | $ | (0.76 | ) | $ | — | $ | — | $ | — | $ | — | $ | 10.70 | $ | 46,086 | (6.63 | )% | 0.50 | % | 0.68 | % | 0.48 | % | 10 | % | ||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.38 | 0.09 | 0.75 | 0.84 | (0.24 | ) | — | (0.52 | ) | (0.76 | ) | 11.46 | 53,293 | 7.54 | 0.50 | 0.69 | 0.78 | 23 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.28 | 0.14 | 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 | 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 | 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 | 1.13 | 1.27 | (0.23 | ) | — | — | (0.23 | ) | 10.56 | 55,332 | 13.58 | 0.20 | 0.31 | 1.44 | 25 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.41 | 0.02 | (0.79 | ) | (0.77 | ) | — | — | — | — | 10.64 | 7,539 | (6.75 | ) | 0.68 | 0.68 | 0.30 | 10 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.33 | 0.07 | 0.75 | 0.82 | (0.22 | ) | — | (0.52 | ) | (0.74 | ) | 11.41 | 8,801 | 7.38 | 0.68 | 0.68 | 0.63 | 23 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.23 | 0.12 | 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 | 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 | 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 | 1.12 | 1.25 | (0.20 | ) | — | — | (0.20 | ) | 10.53 | 10,934 | 13.35 | 0.50 | 0.61 | 1.35 | 25 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.18 | (0.02 | ) | (0.76 | ) | (0.78 | ) | — | — | — | — | 10.40 | 2,706 | (6.98 | ) | 1.30 | 1.31 | (0.34 | ) | 10 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.13 | — | (g) | 0.73 | 0.73 | (0.16 | ) | — | (0.52 | ) | (0.68 | ) | 11.18 | 3,192 | 6.70 | 1.30 | 1.30 | — | (g) | 23 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.08 | 0.06 | 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 | 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 | 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 | 1.12 | 1.16 | (0.13 | ) | — | — | (0.13 | ) | 10.41 | 3,063 | 12.50 | 1.20 | 1.31 | 0.43 | 25 | |||||||||||||||||||||||||||||||||||||||||||
Moderate Allocation Strategy(k) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.07 | 0.05 | (0.63 | ) | (0.58 | ) | — | — | — | — | 10.49 | 79,483 | (5.24 | ) | 0.50 | 0.54 | 0.85 | 9 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.18 | 0.13 | 0.61 | 0.74 | (0.26 | ) | — | (0.59 | ) | (0.85 | ) | 11.07 | 94,978 | 6.77 | 0.50 | 0.52 | 1.18 | 18 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.11 | 0.16 | 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 | 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 | 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 | 0.90 | 1.10 | (0.34 | ) | — | — | (0.34 | ) | 10.60 | 122,804 | 11.45 | 0.20 | 0.23 | 2.00 | 33 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.04 | 0.04 | (0.63 | ) | (0.59 | ) | — | — | — | — | 10.45 | 12,644 | (5.34 | ) | 0.70 | 0.71 | 0.64 | 9 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.15 | 0.11 | 0.62 | 0.73 | (0.25 | ) | — | (0.59 | ) | (0.84 | ) | 11.04 | 17,295 | 6.65 | 0.67 | 0.67 | 1.00 | 18 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.08 | 0.15 | 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 | 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 | 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 | 0.89 | 1.07 | (0.31 | ) | — | — | (0.31 | ) | 10.58 | 14,416 | 11.11 | 0.50 | 0.53 | 1.79 | 33 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.95 | 0.01 | (0.62 | ) | (0.61 | ) | — | — | — | — | 10.34 | 12,245 | (5.57 | ) | 1.24 | 1.24 | 0.11 | 9 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.06 | 0.05 | 0.61 | 0.66 | (0.18 | ) | — | (0.59 | ) | (0.77 | ) | 10.95 | 13,553 | 6.07 | 1.23 | 1.23 | 0.47 | 18 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.00 | 0.08 | 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 | 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 | 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 | 0.90 | 0.99 | (0.24 | ) | — | — | (0.24 | ) | 10.52 | 15,252 | 10.29 | 1.20 | 1.23 | 0.95 | 33 |
See Notes to Financial Highlights and Notes to Financial Statements.
33
Table of Contents
NOTES TO FINANCIAL HIGHLIGHTS
^ | Unaudited. |
(a) | Per share data calculated using average shares outstanding method. |
(b) | Total return excludes sales charge. Not annualized for periods less than one year. |
(c) | Annualized for periods less than one year. |
(d) | Not annualized for periods less than one year. |
(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) | IS Shares commenced operations on September 1, 2015. |
(g) | Rounds to less than $0.005 per share. |
(h) | IS Shares commenced operations on August 1, 2014. |
(i) | 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. |
(j) | 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. |
(k) | 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. |
34
Table of Contents
RIDGEWORTH FUNDS September 30, 2015
(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, Large Cap Growth Stock Fund, Large Cap Value Equity Fund, Mid-Cap Value Equity 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 offers I Shares and A Shares. The International Equity Fund offers I Shares, A Shares and IS Shares. 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:
• | 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. |
35
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
• | 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 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. |
• | 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.
36
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(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, 2015:
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Aggressive Growth Stock Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | $ | 30,946,488 | $ | — | $ | — | $ | 30,946,488 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 30,946,488 | — | — | 30,946,488 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
International Equity Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | ||||||||||||||||
Australia | — | 636,663 | — | 636,663 | ||||||||||||
Bermuda | 780,353 | — | — | 780,353 | ||||||||||||
Canada | 1,346,425 | — | — | 1,346,425 | ||||||||||||
China | — | 794,301 | — | 794,301 | ||||||||||||
Denmark | 1,000,674 | 2,414,916 | — | 3,415,590 | ||||||||||||
France | — | 648,952 | — | 648,952 | ||||||||||||
India | 467,216 | — | — | 467,216 | ||||||||||||
Ireland | 743,127 | 628,081 | — | 1,371,208 | ||||||||||||
Japan | — | 1,743,704 | — | 1,743,704 | ||||||||||||
Mexico | 430,303 | — | — | 430,303 | ||||||||||||
Netherlands | 1,411,705 | — | — | 1,411,705 | ||||||||||||
South Africa | — | 295,943 | — | 295,943 | ||||||||||||
Spain | 579,580 | — | — | 579,580 | ||||||||||||
Sweden | — | 689,622 | — | 689,622 | ||||||||||||
Switzerland | 897,925 | 1,941,580 | — | 2,839,505 | ||||||||||||
Taiwan | 1,139,901 | — | — | 1,139,901 | ||||||||||||
United Kingdom | 686,853 | 1,587,417 | — | 2,274,270 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Common Stocks | 9,484,062 | 11,381,179 | — | 20,865,241 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Money Market Funds | 2,045,351 | — | — | 2,045,351 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 11,529,413 | 11,381,179 | — | 22,910,592 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Large Cap Growth Stock Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 258,480,174 | — | — | 258,480,174 | ||||||||||||
Money Market Fund | 624,345 | — | — | 624,345 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 259,104,519 | — | — | 259,104,519 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Large Cap Value Equity Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 1,995,444,617 | — | — | 1,995,444,617 | ||||||||||||
Money Market Fund | 37,659,062 | — | — | 37,659,062 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 2,033,103,679 | — | — | 2,033,103,679 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Mid-Cap Value Equity Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks1 | 3,589,970,176 | — | — | 3,589,970,176 | ||||||||||||
Money Market Funds | 151,199,129 | — | — | 151,199,129 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,741,169,305 | — | — | 3,741,169,305 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Small Cap Growth Stock Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks1 | 60,252,744 | — | — | 60,252,744 | ||||||||||||
Money Market Funds | 6,548,626 | — | — | 6,548,626 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 66,801,370 | — | — | 66,801,370 | ||||||||||||
|
|
|
|
|
|
|
|
37
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level - 3 Significant Unobservable Inputs | Total | |||||||||||||
Small Cap Value Equity Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks1 | $ | 1,005,892,700 | $ | — | $ | — | $ | 1,005,892,700 | ||||||||
Money Market Fund | 3,544,953 | — | — | 3,544,953 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 1,009,437,653 | — | — | 1,009,437,653 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Aggressive Growth Allocation Strategy2 |
| |||||||||||||||
Assets |
| |||||||||||||||
Equity Funds | 5,744,164 | — | — | 5,744,164 | ||||||||||||
Fixed Income Funds | 905,060 | — | — | 905,060 | ||||||||||||
Exchange Traded Funds | 1,474,096 | — | — | 1,474,096 | ||||||||||||
Money Market Fund | 183,401 | — | — | 183,401 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 8,306,721 | — | — | 8,306,721 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Conservative Allocation Strategy2 |
| |||||||||||||||
Assets |
| |||||||||||||||
Equity Funds | 17,856,424 | — | — | 17,856,424 | ||||||||||||
Fixed Income Funds | 33,568,711 | — | — | 33,568,711 | ||||||||||||
Exchange Traded Funds | 13,350,049 | — | — | 13,350,049 | ||||||||||||
Money Market Fund | 756,035 | — | — | 756,035 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 65,531,219 | — | — | 65,531,219 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Growth Allocation Strategy2 |
| |||||||||||||||
Assets |
| |||||||||||||||
Equity Funds | 34,327,267 | — | — | 34,327,267 | ||||||||||||
Fixed Income Funds | 10,520,406 | — | — | 10,520,406 | ||||||||||||
Exchange Traded Funds | 10,945,414 | — | — | 10,945,414 | ||||||||||||
Money Market Fund | 563,520 | — | — | 563,520 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 56,356,607 | — | — | 56,356,607 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Moderate Allocation Strategy2 |
| |||||||||||||||
Assets |
| |||||||||||||||
Equity Funds | 45,904,968 | — | — | 45,904,968 | ||||||||||||
Fixed Income Funds | 36,577,197 | — | — | 36,577,197 | ||||||||||||
Exchange Traded Funds | 20,910,747 | — | — | 20,910,747 | ||||||||||||
Money Market Fund | 1,130,587 | — | — | 1,130,587 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 104,523,499 | — | — | 104,523,499 | ||||||||||||
|
|
|
|
|
|
|
|
1 | Please see the Schedule of Portfolio Investments for Sector or Country Classification. |
2 | For additional information regarding the investments of the underlying RidgeWorth Funds, please call 1-888-784-3863 or visit www.ridgeworthfunds.com. |
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, 2015, securities valued at $11,381,179 were transferred from Level 1 to Level 2 pursuant to the Pricing and Valuation Procedures for International Equity Fund. 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, 2015.
(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. Distributions from gains from underlying funds, if any, are recorded as realized gains on the ex-dividend date.
38
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
(c) Distributions to Shareholders — Distributions from net investment income of each of the Funds are declared and paid annually to shareholders of record. 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) Distributions from Underlying Funds — Distributions received from underlying funds, whether in the form of cash or securities, are applied as a reduction of the investment’s cost when identified by the underlying fund as a return of capital. Once the investment’s cost is received, any further distributions are recognized as realized gains.
(e) 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.
(f) 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, 2015.
(g) 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, 2015.
(h) 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.
(i) 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.
39
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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. Securities lending fees are netted against Income from Securities Lending on the Statements of Operations. For International Equity Fund, Mid-Cap Value Equity Fund and Small Cap Growth Stock Fund, all of the securities on loan are classified as Common Stock in each Fund’s Schedule of Investments as of September 30, 2015.
(j) 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 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.
(k) 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, 2015, the Funds did not have any restricted securities.
(l) 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 Statements 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.
(m) 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.
40
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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, 2015, 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. The Funds will accrue such taxes and recoveries as applicable, based upon their current interpretation of tax rules and regulations that exist in the markets in which they invest.
(n) 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.
(o) Line of Credit — The Funds entered into a committed unsecured revolving line of credit agreement (“LOC”) with a syndicate of banks which includes State Street Bank and Trust (“State Street Bank”) and Royal Bank of Canada (“RBC”), for an aggregate amount of $200,000,000. 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 on a pro rata basis to State Street Bank and RBC, in the amount of 0.15% 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 and RBC pursuant to this agreement are reflected on the Statements of Operations as a component of Other Fees. Prior to the September 23, 2015 syndicated agreement, a credit agreement with State Street Bank permitted an aggregate amount of $250,000,000 under similar terms and interest rates as described above. As of September 30, 2015, only the Aggressive Growth Stock Fund had outstanding borrowings under the LOC.
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 | $ | 1,845 | $ | 1,588,117 | 1.47 | % | 29 | |||||||||
Large Cap Growth Stock Fund | 175 | 336,561 | 1.46 | 13 | ||||||||||||
Large Cap Value Equity Fund | 318 | 7,967,953 | 1.46 | 1 | ||||||||||||
Small Cap Growth Stock Fund | 427 | 2,109,930 | 1.48 | 5 | ||||||||||||
Small Cap Value Equity Fund | 4,645 | 2,006,040 | 1.46 | 58 |
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 served as the Subadviser for the International Equity Fund through August 31, 2015 and beginning September 1, 2015, WCM Investment Management serves as Subadviser for the International Equity Fund; Silvant Capital Management LLC serves as the Subadviser for the Large Cap Growth Stock Fund and Small Cap Growth Stock Fund; and Zevenbergen Capital Investments LLC serves as the Subadviser for the Aggressive Growth Stock Fund. Zevenbergen Capital Investments LLC is a minority-owned subsidiary of the Investment Adviser. WCM Investment Management is not affiliated with the Investment Advisor. 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.
41
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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, 2015 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** | 0.85 | 0.85 | (0.12 | ) | 0.77 | |||||||||||
Large Cap Growth Stock Fund | 0.70 | 0.70 | (0.12 | ) | 0.58 | |||||||||||
Large Cap Value Equity Fund | 0.70 | 0.65 | (0.11 | ) | 0.54 | |||||||||||
Mid-Cap Value Equity Fund | 0.75 | 0.69 | (0.00 | )*** | 0.69 | |||||||||||
Small Cap Growth Stock Fund | 0.85 | 0.85 | (0.06 | ) | 0.79 | |||||||||||
Small Cap Value Equity Fund | 0.85 | 0.82 | — | 0.82 | ||||||||||||
Aggressive Growth Allocation Strategy | 0.10 | 0.10 | (0.90 | ) | — | |||||||||||
Conservative Allocation Strategy | 0.10 | 0.10 | (0.08 | ) | 0.02 | |||||||||||
Growth Allocation Strategy | 0.10 | 0.10 | (0.15 | ) | — | |||||||||||
Moderate Allocation Strategy | 0.10 | 0.10 | (0.03 | ) | 0.07 |
* | 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%. |
** | Effective September 1, 2015, the International Equity Fund’s investment advisory fee was reduced from 0.90% to 0.85%. The Maximum and Discounted Annual Advisory Fee reflects the reduced annual advisory fee for the period September 1, 2015 through September 30, 2015. For the period ended August 31, 2015, the Maximum and Discounted Annual Advisory Fee would have been 0.90%, respectively. |
*** | Rounds to less than 0.005%. |
The Investment Adviser and the applicable Subadviser have contractually agreed, until at least August 1, 2016, 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, 2015 to September 30, 2015 | ||||||||||||||||
Fund | I Shares | A Shares | C Shares | IS Shares | ||||||||||||
Aggressive Growth Stock Fund | 1.30 | % | 1.50 | % | N/A | % | N/A | % | ||||||||
International Equity Fund* | 1.25 | 1.50 | N/A | 1.10 | ||||||||||||
Large Cap Growth Stock Fund* | 0.97 | 1.25 | 1.95 | 0.90 | ||||||||||||
Large Cap Value Equity Fund | 0.97 | 1.27 | 1.97 | 0.85 | ||||||||||||
Mid-Cap Value Equity Fund* | 1.15 | 1.40 | 1.95 | 0.95 | ||||||||||||
Small Cap Growth Stock Fund* | 1.30 | 1.50 | 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, 2015 to July 31, 2015 the Contractual Expense Limitations were as follows: |
Fund | I Shares | A Shares | C Shares | IS Shares | ||||||||||||
International Equity Fund | 1.37 | % | 1.57 | % | N/A | % | N/A | % | ||||||||
Large Cap Growth Stock Fund | 0.97 | 1.25 | 1.95 | 0.85 | ||||||||||||
Mid-Cap Value Equity Fund | 1.15 | 1.40 | 2.00 | 0.95 | ||||||||||||
Small Cap Growth Stock Fund | 1.30 | 1.55 | 2.20 | 1.05 |
42
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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 Investment Advisor may choose to voluntarily waive fees. In the event that the Investment Advisor voluntarily waives any fees, these waived fees are not subject to recoupment by the Investment Advisor. During the period ended September 30, 2015, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. As of September 30, 2015, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:
Expires | ||||||||||||||||
Fund | 2016 | 2017 | 2018 | 2019 | ||||||||||||
Aggressive Growth Stock Fund | $7,685 | $21,142 | $10,874 | $4,875 | ||||||||||||
International Equity Fund | — | 388 | 28,095 | 14,532 | ||||||||||||
Large Cap Growth Stock Fund | 373 | 323,087 | 343,363 | 174,726 | ||||||||||||
Large Cap Value Equity Fund | 275,540 | 3,069,235 | 2,844,564 | 1,238,836 | ||||||||||||
Mid-Cap Value Equity Fund | 174,546 | 437,950 | 26,241 | 86,332 | ||||||||||||
Small Cap Growth Stock Fund | 24 | 78,271 | 79,058 | 38,416 | ||||||||||||
Small Cap Value Equity Fund | 2,051 | — | — | — | ||||||||||||
Aggressive Growth Allocation Strategy | 87,752 | 84,819 | 88,191 | 43,947 | ||||||||||||
Conservative Allocation Strategy | 65,489 | 37,397 | 62,624 | 25,932 | ||||||||||||
Growth Allocation Strategy | 86,203 | 90,194 | 100,956 | 46,249 | ||||||||||||
Moderate Allocation Strategy | 36,646 | 48,002 | 21,110 | 20,124 |
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, 2015, 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, 2015, 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, 2015, 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 |
43
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Fund | A Share Distribution and Service Fee | C Share Distribution and Service Fee | ||||||
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 | ||||||
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 |
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, 2015, the Investment Adviser was paid $774,762 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 committee service, paid on a per committee meeting basis. 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 fiscal year ended March 31, 2015 and the period ended September 30, 2015 were as follows:
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Shares Converted | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Shares Converted | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||||||||
Aggressive Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 315,777 | — | — | (517,076 | ) | — | (201,299 | ) | $7,202,652 | $— | $— | $(11,361,641 | ) | $— | $(4,158,989 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 771,714 | — | 34,372 | (1,537,321 | ) | — | (731,235 | ) | 16,986,444 | — | 705,664 | (32,440,931 | ) | — | (14,748,823 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 456,564 | — | — | (426,149 | ) | — | 30,415 | 10,198,240 | — | — | (8,731,612 | ) | — | 1,466,628 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 333,753 | — | 20,893 | (818,818 | ) | — | (464,172 | ) | 7,023,331 | — | 414,515 | (16,744,116 | ) | — | (9,306,270 | ) |
44
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Shares Converted | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Shares Converted | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||||||||
International Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 206,881 | — | 12,389 | (1,073,562 | ) | — | (854,292 | ) | $2,162,099 | $— | $119,680 | $(10,573,988 | ) | $— | $(8,292,209 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 273,200 | — | 219,862 | (834,676 | ) | — | (341,614 | ) | 3,132,311 | — | 2,174,438 | (9,864,306 | ) | — | (4,557,557 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 25,162 | — | 2,380 | (37,290 | ) | — | (9,748 | ) | 265,690 | — | 22,753 | (379,134 | ) | — | (90,691 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 38,135 | — | 50,709 | (79,055 | ) | — | 9,789 | 461,393 | — | 496,445 | (868,448 | ) | — | 89,390 | ||||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 959,943 | — | — | (4,838 | ) | — | 955,105 | 9,369,134 | — | — | (46,900 | ) | — | 9,322,234 | ||||||||||||||||||||||||||||||||||
Large Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 740,173 | — | — | (1,600,122 | ) | — | (859,949 | ) | 7,758,730 | — | — | (16,590,850 | ) | — | (8,832,120 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,145,645 | 387,177 | 931,578 | (9,541,432 | ) | — | (7,077,032 | ) | 11,535,979 | 3,780,324 | 8,896,572 | (94,908,639 | ) | — | (70,695,764 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 391,267 | — | — | (638,799 | ) | — | (247,532 | ) | 3,509,836 | — | — | (5,715,921 | ) | — | (2,206,085 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 244,613 | 46,639 | 628,599 | (1,075,575 | ) | — | (155,724 | ) | 2,079,136 | 386,118 | 5,091,651 | (9,305,746 | ) | — | (1,748,841 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 112,439 | — | — | (457,237 | ) | — | (344,798 | ) | 735,833 | — | — | (2,971,422 | ) | — | (2,235,589 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 78,769 | 2,121,925 | 628,491 | (922,698 | ) | — | 1,906,487 | 499,853 | 12,809,849 | 3,714,383 | (5,927,526 | ) | — | 11,096,559 | ||||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 66,503 | — | — | (688,277 | ) | — | (621,774 | ) | 705,789 | — | — | (7,341,655 | ) | — | (6,635,866 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 5,498,008 | — | 410,634 | (781,632 | ) | — | 5,127,010 | 54,700,339 | — | 3,925,660 | (7,986,961 | ) | — | 50,639,038 | ||||||||||||||||||||||||||||||||||
Large Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 9,630,241 | — | — | (22,802,017 | ) | — | (13,171,776 | ) | 158,223,000 | — | — | (376,154,954 | ) | — | (217,931,954 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 28,004,437 | — | 10,411,299 | (28,071,259 | ) | — | 10,344,477 | 487,222,495 | — | 171,890,545 | (488,874,435 | ) | — | 170,238,605 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 2,318,823 | — | — | (5,749,561 | ) | — | (3,430,738 | ) | 37,864,969 | — | — | (92,348,933 | ) | — | (54,483,964 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 9,474,829 | — | 2,094,788 | (6,025,065 | ) | — | 5,544,552 | 161,712,009 | — | 34,354,522 | (104,053,220 | ) | — | 92,013,311 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 81,456 | — | — | (139,859 | ) | — | (58,403 | ) | 1,310,155 | — | — | (2,196,333 | ) | — | (886,178 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 195,248 | — | 97,568 | (199,264 | ) | — | 93,552 | 3,295,166 | — | 1,569,872 | (3,367,738 | ) | — | 1,497,300 | ||||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 5,674,483 | — | — | (1,296,881 | ) | — | 4,377,602 | 95,873,733 | — | (21,517,350 | ) | — | 74,356,383 | |||||||||||||||||||||||||||||||||||
3/31/2015 | 2,414,485 | — | 214,418 | (373,525 | ) | — | 2,255,378 | 42,229,351 | — | 3,548,617 | (6,471,013 | ) | — | 39,306,955 | ||||||||||||||||||||||||||||||||||
Mid-Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 51,251,646 | — | — | (60,643,102 | ) | — | (9,391,456 | ) | 706,930,808 | — | — | (815,087,534 | ) | — | (108,156,726 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 75,618,560 | — | 22,344,516 | (63,653,637 | ) | — | 34,309,439 | 1,077,018,496 | — | 299,639,961 | (900,329,838 | ) | — | 476,328,619 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 3,721,739 | — | — | (9,569,168 | ) | — | (5,847,429 | ) | 49,808,782 | — | — | (127,127,444 | ) | — | (77,318,662 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 12,357,606 | — | 4,163,016 | (16,948,542 | ) | — | (427,920 | ) | 175,172,958 | — | 55,284,847 | (239,822,755 | ) | — | (9,364,950 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 477,625 | — | — | (701,733 | ) | — | (224,108 | ) | 6,196,971 | — | — | (9,183,410 | ) | — | (2,986,439 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,386,234 | — | 465,316 | (1,295,312 | ) | — | 556,238 | 19,061,237 | — | 6,067,724 | (17,956,929 | ) | — | 7,172,032 | ||||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 7,935,389 | — | — | (574,259 | ) | — | 7,361,130 | 105,045,689 | — | — | (7,649,453 | ) | — | 97,396,236 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 1,799,875 | — | 117,344 | (216,439 | ) | — | 1,700,780 | 25,429,162 | — | 1,573,581 | (3,067,418 | ) | — | 23,935,325 |
45
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Shares Converted | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Shares Converted | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||||||||
Small Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 1,252,579 | — | — | (6,602,875 | ) | — | (5,350,296 | ) | $18,475,442 | $— | $— | $(94,891,344 | ) | $— | $(76,415,902 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 2,194,963 | — | 1,429,932 | (5,242,479 | ) | — | (1,617,584 | ) | 33,668,736 | — | 19,518,572 | (80,122,419 | ) | — | (26,935,111 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 7,096 | — | — | (104,914 | ) | — | (97,818 | ) | 93,369 | — | — | (1,396,213 | ) | — | (1,302,844 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 40,353 | — | 132,617 | (136,830 | ) | — | 36,140 | 573,081 | — | 1,615,276 | (1,863,978 | ) | — | 324,379 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 3,980 | — | — | (51,915 | ) | — | (47,935 | ) | 37,898 | — | — | (491,508 | ) | — | (453,610 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 11,684 | — | 157,551 | (112,020 | ) | — | 57,215 | 126,065 | — | 1,384,870 | (1,143,188 | ) | — | 367,747 | ||||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 4,444 | — | — | (56,816 | ) | — | (52,372 | ) | 65,650 | — | — | (854,421 | ) | — | (788,771 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 420,184 | — | 69,231 | (69,647 | ) | — | 419,768 | 6,521,289 | — | 945,691 | (1,047,626 | ) | — | 6,419,354 | ||||||||||||||||||||||||||||||||||
Small Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 3,925,762 | — | — | (17,013,668 | ) | — | (13,087,906 | ) | 60,801,976 | — | — | (263,287,306 | ) | — | (202,485,330 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 14,328,910 | — | 14,400,833 | (42,168,204 | ) | — | (13,438,461 | ) | 242,493,484 | — | 213,564,354 | (684,968,801 | ) | — | (228,910,963 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 574,741 | — | — | (1,771,324 | ) | — | (1,196,583 | ) | 8,681,089 | — | — | (26,810,015 | ) | — | (18,128,926 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,090,425 | — | 1,826,846 | (3,323,691 | ) | — | (406,420 | ) | 17,777,258 | — | 26,525,804 | (55,074,476 | ) | — | (10,771,414 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 54,747 | — | — | (167,150 | ) | — | (112,403 | ) | 762,075 | — | — | (2,385,449 | ) | — | (1,623,374 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 75,751 | — | 403,650 | (416,076 | ) | — | 63,325 | 1,148,740 | — | 5,505,787 | (6,423,069 | ) | — | 231,458 | ||||||||||||||||||||||||||||||||||
Aggressive Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 86,543 | — | — | (171,608 | ) | — | (85,065 | ) | 673,823 | — | — | (1,345,454 | ) | — | (671,631 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 201,103 | — | 181,073 | (1,340,171 | ) | — | (957,995 | ) | 1,791,606 | — | 1,414,181 | (11,779,778 | ) | — | (8,573,991 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 8,832 | — | — | (108,992 | ) | — | (100,160 | ) | 68,783 | — | — | (873,644 | ) | — | (804,861 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 43,270 | — | 109,095 | (75,246 | ) | — | 77,119 | 381,295 | — | 842,214 | (659,540 | ) | — | 563,969 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 10,248 | — | — | (6,527 | ) | — | 3,721 | 76,023 | — | — | (50,859 | ) | — | 25,164 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 10,616 | — | 15,736 | (13,195 | ) | — | 13,157 | 91,828 | — | 117,703 | (113,160 | ) | — | 96,371 | ||||||||||||||||||||||||||||||||||
Conservative Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 419,008 | — | — | (365,467 | ) | — | 53,541 | 5,299,005 | — | — | (4,634,418 | ) | — | 664,587 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 872,470 | — | 95,184 | (705,355 | ) | — | 262,299 | 11,155,782 | — | 1,189,804 | (9,026,545 | ) | — | 3,319,041 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 70,584 | — | — | (116,569 | ) | — | (45,985 | ) | 895,576 | — | — | (1,475,910 | ) | — | (580,334 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 221,379 | — | 52,208 | (232,249 | ) | — | 41,338 | 2,826,361 | — | 652,605 | (2,962,704 | ) | — | 516,262 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 222,842 | — | — | (121,461 | ) | — | 101,381 | 2,785,142 | — | — | (1,516,038 | ) | — | 1,269,104 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 301,977 | — | 45,992 | (277,773 | ) | — | 70,196 | 3,807,358 | — | 569,841 | (3,509,545 | ) | — | 867,654 | ||||||||||||||||||||||||||||||||||
Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 470,045 | — | — | (813,018 | ) | — | (342,973 | ) | 5,347,279 | — | — | (9,309,673 | ) | — | (3,962,394 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 986,973 | — | 297,470 | (1,295,944 | ) | — | (11,501 | ) | 11,440,197 | — | 3,340,587 | (15,079,859 | ) | — | (299,075 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 10,126 | — | — | (73,134 | ) | — | (63,008 | ) | 116,556 | — | — | (844,771 | ) | — | (728,215 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 33,828 | — | 50,310 | (160,865 | ) | — | (76,727 | ) | 386,582 | — | 562,471 | (1,821,475 | ) | — | (872,422 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 3,332 | — | — | (28,514 | ) | — | (25,182 | ) | 37,976 | — | — | (323,082 | ) | — | (285,106 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 23,746 | — | 15,467 | (22,260 | ) | — | 16,953 | 266,165 | — | 169,832 | (251,185 | ) | — | 184,812 |
46
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Shares Converted | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Shares Converted | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||||||||
Moderate Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 648,105 | — | — | (1,648,537 | ) | — | (1,000,432 | ) | $7,154,348 | $— | $— | $(18,217,557 | ) | $— | $(11,063,209 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,191,491 | — | 647,045 | (3,055,762 | ) | — | (1,217,226 | ) | 13,448,718 | — | 7,020,433 | (34,476,033 | ) | — | (14,006,882 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 28,528 | — | — | (384,889 | ) | — | (356,361 | ) | 312,657 | — | — | (4,315,097 | ) | — | (4,002,440 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 53,654 | — | 115,957 | (412,530 | ) | — | (242,919 | ) | 605,069 | — | 1,254,652 | (4,640,926 | ) | — | (2,781,205 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 26,338 | — | — | (79,321 | ) | — | (52,983 | ) | 284,957 | — | — | (864,757 | ) | — | (579,800 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 56,352 | — | 78,989 | (216,841 | ) | — | (81,500 | ) | 621,754 | — | 849,127 | (2,414,293 | ) | — | (943,412 | ) |
* | IS Shares commenced operations on August 1, 2014 (September 1, 2015 for International Equity Fund). |
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, 2015 were as follows:
Purchases | Sales and Maturities | |||||||
Aggressive Growth Stock Fund | $14,182,999 | $16,628,765 | ||||||
International Equity Fund | 24,806,937 | 24,413,484 | ||||||
Large Cap Growth Stock Fund | 20,110,671 | 40,691,260 | ||||||
Large Cap Value Equity Fund | 842,048,815 | 982,130,628 | ||||||
Mid-Cap Value Equity Fund | 2,209,055,426 | 2,179,569,378 | ||||||
Small Cap Growth Stock Fund | 54,156,283 | 130,750,918 | ||||||
Small Cap Value Equity Fund | 295,661,123 | 516,048,554 | ||||||
Aggressive Growth Allocation Strategy | 1,513,476 | 2,953,794 | ||||||
Conservative Allocation Strategy | 8,117,773 | 6,561,560 | ||||||
Growth Allocation Strategy | 6,284,427 | 11,114,995 | ||||||
Moderate Allocation Strategy | 9,958,374 | 25,142,417 |
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.
The cost of investments and aggregate gross unrealized appreciation and depreciation for securities held by the Funds as of September 30, 2015 were as follows:
Fund | Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Aggressive Growth Stock Fund | $18,836,396 | $13,495,328 | $(1,385,236 | ) | $12,110,092 | |||||||||||
International Equity Fund | 23,035,398 | 449,214 | (574,020 | ) | (124,806 | ) | ||||||||||
Large Cap Growth Stock Fund | 145,961,656 | 119,401,474 | (6,258,611 | ) | 113,142,863 | |||||||||||
Large Cap Value Equity Fund | 1,897,119,209 | 246,499,668 | (110,515,198 | ) | 135,984,470 | |||||||||||
Mid-Cap Value Equity Fund | 3,857,018,878 | 237,422,466 | (353,272,039 | ) | (115,849,573 | ) | ||||||||||
Small Cap Growth Stock Fund | 56,155,510 | 13,857,449 | (3,211,589 | ) | 10,645,860 | |||||||||||
Small Cap Value Equity Fund | 930,033,981 | 179,955,525 | (100,551,853 | ) | 79,403,672 | |||||||||||
Aggressive Growth Allocation Strategy | 6,971,923 | 1,469,012 | (134,214 | ) | 1,334,798 |
47
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Fund | Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Conservative Allocation Strategy | $64,410,406 | $2,042,770 | $(921,957 | ) | $1,120,813 | |||||||||||
Growth Allocation Strategy | 49,926,700 | 7,421,728 | (991,821 | ) | 6,429,907 | |||||||||||
Moderate Allocation Strategy | 94,028,863 | 11,836,381 | (1,341,745 | ) | 10,494,636 |
The tax character of distributions paid to shareholders during the fiscal year ended March 31, 2015 was as follows:
Distributions paid from | ||||||||||||||||||||
Fund | Net Investment Income* | Net Long Term Capital Gains | Tax-Exempt Distributions** | Return of Capital | Total Distributions Paid | |||||||||||||||
Aggressive Growth Stock Fund | $— | $1,294,356 | $— | $— | $1,294,356 | |||||||||||||||
International Equity Fund | 467,780 | 2,269,103 | — | — | 2,736,883 | |||||||||||||||
Large Cap Growth Stock Fund | 2,744,037 | 19,617,946 | — | — | 22,361,983 | |||||||||||||||
Large Cap Value Equity Fund | 88,513,542 | 126,834,813 | — | — | 215,348,355 | |||||||||||||||
Mid-Cap Value Equity Fund | 225,539,947 | 171,610,800 | — | — | 397,150,747 | |||||||||||||||
Small Cap Growth Stock Fund | 2,542,173 | 21,385,596 | — | — | 23,927,769 | |||||||||||||||
Small Cap Value Equity Fund | 25,139,745 | 227,729,507 | — | — | 252,869,252 | |||||||||||||||
Aggressive Growth Allocation Strategy | 337,523 | 2,101,925 | — | — | 2,439,448 | |||||||||||||||
Conservative Allocation Strategy | 1,368,516 | 1,403,606 | — | — | 2,772,122 | |||||||||||||||
Growth Allocation Strategy | 1,301,918 | 2,801,375 | — | — | 4,103,293 | |||||||||||||||
Moderate Allocation Strategy | 2,783,658 | 6,465,824 | — | — | 9,249,482 |
* | Total distributions paid are recognized on a when declared basis for the fiscal year ended March 31, 2015. |
** | 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, 2015, 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 | ||||||||||||||||||
Aggressive Growth Stock Fund | $— | $— | $1,440,159 | $14,066,091 | $(2,094,726 | ) | $13,411,524 | |||||||||||||||||
International Equity Fund | — | 226,300 | 46,303 | 4,769,625 | (2,473,641 | ) | 2,568,587 | |||||||||||||||||
Large Cap Growth Stock Fund | — | — | 16,421,193 | 130,913,452 | (3,285,605 | ) | 144,049,040 | |||||||||||||||||
Large Cap Value Equity Fund | — | 7,175,285 | 63,744,641 | 462,248,919 | (1,991,290 | ) | 531,177,555 | |||||||||||||||||
Mid-Cap Value Equity Fund | — | 80,801,841 | 30,973,935 | 501,177,395 | — | 612,953,171 | ||||||||||||||||||
Small Cap Growth Stock Fund | — | — | 1,680,322 | 38,348,332 | (350,876 | ) | 39,677,778 | |||||||||||||||||
Small Cap Value Equity Fund | — | 8,276,403 | 62,107,741 | 339,682,767 | — | 410,066,911 | ||||||||||||||||||
Aggressive Growth Allocation Strategy | — | 38,935 | 1,273,140 | 2,277,791 | (4,198 | ) | 3,585,668 | |||||||||||||||||
Conservative Allocation Strategy | — | 185,505 | 1,466,886 | 3,850,491 | — | 5,502,882 | ||||||||||||||||||
Growth Allocation Strategy | — | 157,880 | 3,282,197 | 10,563,120 | — | 14,003,197 | ||||||||||||||||||
Moderate Allocation Strategy | — | 364,287 | 6,385,325 | 17,673,195 | — | 24,422,807 |
* | 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.
48
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
As of March 31, 2015, 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* | $363,926 | $— | $363,926 |
* | Of the $1,381,083 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, $1,017,157 of capital loss carryforward was utilized. The remaining $363,926 has no expiration date. |
As of March 31, 2015, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:
Fund | Expiring 2017 | Expiring 2018 | Total | |||||||||
Aggressive Growth Stock Fund* | $1,600,850 | $— | $1,600,850 | |||||||||
International Equity Fund** | — | 2,473,641 | 2,473,641 | |||||||||
Large Cap Growth Stock Fund*** | 3,279,747 | — | 3,279,747 |
* | Of the $1,787,246 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, $186,396 was written off as capital loss carryforward lost unused. The remaining $1,600,850 will expire in 2017. |
** | Of the $3,298,188 of remaining capital loss carryforwards subject to limitations due to an ownership change on May 22, 2013, $824,547 was utilized, and the remaining $2,473,641, will expire in 2018. |
*** | Of the $4,919,621 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 $3,279,747, will expire in 2017. |
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, 2015, the following Funds utilized capital loss carry forwards as follows:
Fund | Amount | |||
Aggressive Growth Stock Fund | $1,017,157 | |||
International Equity Fund | 824,547 | |||
Large Cap Growth Stock Fund | 1,639,874 |
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, 2015, the following Funds had net capital losses:
Fund | Short Term | Long Term | Total | |||||||||
Large Cap Value Equity Fund | $1,991,290 | $— | $1,991,290 |
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, 2015, 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, 2015.
49
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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, 2015 were as follows:
Name of Affiliated Issuer | Share Balance at March 31, 2015 | Purchases | Sales | Share Balance at September 30, 2015 | Value at September 30, 2015 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
Aggressive Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund* — I Shares | 30 | — | 30 | — | $— | $1 | $— | $— | ||||||||||||||||||||||||
RidgeWorth International Equity Fund — I Shares | 53,242 | 7,061 | 60,303 | — | — | 3,482 | — | (703 | ) | |||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares** | — | 54,342 | 1,651 | 52,691 | 508,991 | — | — | (1,440 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund — IS Shares | 289,497 | 17,174 | 58,007 | 248,664 | 2,451,827 | — | — | 47,338 | ||||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund — IS Shares | 119,178 | 9,649 | 24,480 | 104,347 | 1,585,029 | — | — | 91,573 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund — IS Shares | 64,981 | 723 | 12,233 | 53,471 | 650,742 | — | — | 50,906 | ||||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund*† — I Shares | — | 30 | 30 | — | — | — | — | (8 | ) | |||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund*† — IS Shares** | — | 28 | — | 28 | 301 | — | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund† — I Shares | 7,013 | 853 | 4,855 | 3,011 | 25,806 | 726 | — | (1,707 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 5,709 | 687 | 2,490 | 3,906 | 33,474 | 1,082 | — | (200 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Income Fund† — IS Shares | 5,686 | 807 | 1,608 | 4,885 | 29,798 | 1,068 | — | (662 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 4,347 | 597 | 1,217 | 3,727 | 30,223 | 952 | — | (1,498 | ) | |||||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund† — IS Shares | 65,453 | 9,396 | 5,004 | 69,845 | 738,963 | 7,284 | — | (1,329 | ) | |||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond† Fund — I Shares | 5,014 | 2,047 | 2,453 | 4,608 | 46,495 | 193 | — | (67 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund — IS Shares | 25,991 | 298 | 5,505 | 20,784 | 280,172 | — | — | 17,136 | ||||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund — I Shares | 22,908 | 331 | 4,734 | 18,505 | 267,403 | — | — | 30,516 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $6,649,224 | $14,788 | $— | $229,855 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Conservative Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund* — I Shares | 846 | 11 | 857 | — | $— | $40 | $— | $— | ||||||||||||||||||||||||
RidgeWorth International Equity Fund — I Shares | 140,074 | 25,848 | 165,922 | — | — | 10,607 | — | (818 | ) | |||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares** | — | 163,737 | — | 163,737 | 1,581,703 | — | — | — | ||||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund — IS Shares | 800,484 | 18,841 | 44,197 | 775,128 | 7,642,766 | — | — | (25,648 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund — IS Shares | 336,060 | 8,056 | 18,328 | 325,788 | 4,948,719 | — | — | 78 |
50
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2015 | Purchases | Sales | Share Balance at September 30, 2015 | Value at September 30, 2015 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund — IS Shares | 170,731 | 4,540 | 9,344 | 165,927 | $2,019,331 | $— | $— | $1,065 | ||||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund*† — I Shares | — | 859 | 859 | — | — | 13 | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund*† — IS Shares** | — | 777 | — | 777 | 8,370 | 10 | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund† — I Shares | 237,896 | 16,364 | 129,902 | 124,358 | 1,065,749 | 26,738 | — | (52,004 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 193,727 | 14,775 | 47,199 | 161,303 | 1,382,363 | 39,856 | — | (15,662 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Income Fund† — IS Shares | 193,100 | 15,829 | 7,449 | 201,480 | 1,229,025 | 39,424 | — | (1,058 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 147,635 | 11,604 | 5,692 | 153,547 | 1,245,268 | 35,074 | — | (4,500 | ) | |||||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund† — IS Shares | 2,456,217 | 154,885 | 85,065 | 2,526,037 | 26,725,476 | 271,452 | — | (28,516 | ) | |||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond† Fund — I Shares | 170,248 | 61,074 | 41,782 | 189,540 | 1,912,460 | 7,135 | — | (1,190 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund — IS Shares | 65,213 | 1,673 | 3,871 | 63,015 | 849,438 | — | — | (2,378 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund — I Shares | 59,404 | 1,544 | 4,583 | 56,365 | 814,467 | — | — | 2,585 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $51,425,135 | $430,349 | $— | $(128,046) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund* — I Shares | 278 | 4 | 282 | — | $— | $13 | $— | $— | ||||||||||||||||||||||||
RidgeWorth International Equity Fund — I Shares | 293,689 | 28,393 | 322,082 | — | — | 20,485 | — | (5,715 | ) | |||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares** | — | 316,030 | 604 | 315,426 | 3,047,012 | — | — | (1,063 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund — IS Shares | 1,670,450 | 16,646 | 197,483 | 1,489,613 | 14,687,587 | — | — | 11,418 | ||||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund — IS Shares | 699,500 | 8,952 | 82,947 | 625,505 | 9,501,427 | — | — | 149,976 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund — IS Shares | 358,060 | 3,425 | 41,696 | 319,789 | 3,891,837 | — | — | 51,980 | ||||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund*† — I Shares | — | 282 | 282 | — | — | 4 | — | (3 | ) | |||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund*† — IS Shares** | — | 255 | — | 255 | 2,749 | 3 | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund† — I Shares | 85,827 | 3,785 | 50,579 | 39,033 | 334,516 | 9,175 | — | (19,510 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 69,713 | 3,552 | 22,778 | 50,487 | 432,676 | 13,649 | — | (5,762 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Income Fund† — IS Shares | 69,443 | 3,986 | 10,309 | 63,120 | 385,035 | 13,434 | — | (2,541 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 53,114 | 2,750 | 7,728 | 48,136 | 390,380 | 11,965 | — | 2,704 | ||||||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund† — IS Shares | 884,055 | 34,322 | 126,741 | 791,636 | 8,375,507 | 92,509 | — | (36,962 | ) |
51
Table of Contents
NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2015 | Purchases | Sales | Share Balance at September 30, 2015 | Value at September 30, 2015 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund† — I Shares | 61,330 | 19,864 | 21,774 | 59,420 | $599,543 | $2,432 | $— | $(377 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund — IS Shares | 136,435 | 1,396 | 16,530 | 121,301 | 1,635,139 | — | — | 14,172 | ||||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund — I Shares | 124,172 | 1,014 | 16,932 | 108,254 | 1,564,265 | — | — | 14,619 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $44,847,673 | $163,669 | $— | $172,936 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Moderate Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund* — I Shares | 1,377 | 14 | 1,391 | — | $— | $56 | $— | $(173 | ) | |||||||||||||||||||||||
RidgeWorth International Equity Fund — I Shares | 414,134 | 22,765 | 436,899 | — | — | 27,776 | — | (7,576 | ) | |||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares** | — | 424,819 | 2,583 | 422,236 | 4,078,801 | — | — | (3,487 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund — IS Shares | 2,366,578 | 13,841 | 388,589 | 1,991,830 | 19,639,445 | — | — | 152,031 | ||||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund — IS Shares | 994,919 | 5,962 | 165,038 | 835,843 | 12,696,457 | — | — | 597,611 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund — IS Shares | 505,509 | 3,046 | 80,321 | 428,234 | 5,211,605 | — | — | 251,702 | ||||||||||||||||||||||||
RidgeWorth Seix Core Bond*† —I Shares | — | 998 | 998 | — | — | 15 | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Core Bond*† —IS Shares** | — | 903 | — | 903 | 9,723 | 12 | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund† — I Shares | 307,648 | 11,995 | 184,182 | 135,461 | 1,160,900 | 32,185 | — | (67,182 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 250,415 | 10,428 | 85,314 | 175,529 | 1,504,287 | 47,904 | — | (19,550 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Income Fund† — IS Shares | 249,423 | 11,320 | 41,304 | 219,439 | 1,338,580 | 47,133 | — | (9,418 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 190,705 | 8,527 | 31,833 | 167,399 | 1,357,603 | 41,980 | — | 14,984 | ||||||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund† — IS Shares | 3,177,401 | 93,338 | 518,057 | 2,752,682 | 29,123,374 | 324,873 | — | (115,326 | ) | |||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund† — I Shares | 220,114 | 67,136 | 80,835 | 206,415 | 2,082,730 | 8,526 | — | (462 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund — IS Shares | 192,129 | 1,079 | 30,912 | 162,296 | 2,187,751 | — | — | 45,274 | ||||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund — I Shares | 172,283 | 954 | 28,537 | 144,700 | 2,090,909 | — | — | 78,834 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $82,482,165 | $530,460 | $— | $917,262 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
* | On August 1, 2015, RidgeWorth Intermediate Bond Fund reorganized into RidgeWorth Seix Core Bond Fund. |
** | IS Shares commenced operations on August 3, 2015 for Seix Core Bond Fund and September 1, 2015 for International Equity Fund. |
† | On August 1, 2015, affiliated fixed income funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
8. | Subsequent Events |
Management has evaluated subsequent events through the date these financial statements were available to be issued. Management has determined that there are no material events that would require disclosure in the Funds’ financial statements through this date.
52
Table of Contents
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS September 30, 2015
(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); Atlanta Office Managing Partner (2003-2009), KPMG LLP. | 28 | Synovus Financial Corp.: Krispy Kreme Doughnuts, Inc. | |||||||
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 (National City Corp.) (2000-2006). | 28 | 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). | 28 | SUSA Registered Fund, LLC; Oxford Industries; Acuity Brands, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013); Genuine Parts Company (thru April 2015) | |||||||
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. | 28 | Total System Services, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; 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. | 28 | 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). | 28 | None |
* | Mr. Parikh is an “interested person” of the Trust, as defined in the 1940 Act, because he is an employee of the Investment Adviser. |
53
Table of Contents
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS September 30, 2015
(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). | |||
Benjamin H. Lowe (March 1978) | Treasurer and Chief Financial Officer | One year; since 2015 | Director of Fund Administration, RidgeWorth Investments (since 2011); Fund Controller, ALPS Fund Services, Inc. (2005–2011). | |||
James Bacik (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; since 2013 | Director, Foreside Compliance Services, LLC (October 2008 – present). | |||
Karen Jacoppo-Wood State Street Bank and Trust Company 100 Huntington Avenue Tower 2, Third Floor, CPH0326 Boston, MA 02116 (December 1966) | Secretary and Chief Legal Officer | One year; since November 2014 | Vice President and Senior Counsel, State Street Bank and Trust Company (since 2014); Vice President, RMR Advisors, Inc/RMR Funds (2007–2014) | |||
Timothy J. Burdick State Street Bank and Trust Company 100 Huntington Avenue Tower 2, 3rd Floor, CPH0326 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. |
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APPROVAL OF SUBADVISORY AGREEMENT
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
At a meeting held on August 26-27, 2015, the Board of Trustees considered the proposed subadvisory agreement between RidgeWorth Capital Management LLC (the “Adviser”) and WCM Investment Management (“WCM”) with respect to the RidgeWorth International Equity Fund (the “Fund”). After its initial two-year term, the agreement must be specifically approved at least annually by (i) the vote of the Trustees or a vote of the shareholders of the Fund and (ii) the vote of a majority of the Trustees who are not parties to the agreements or “interested persons” of any party thereto (the “Independent Trustees”), as defined in the Investment Company Act of 1940, cast in person at a meeting called for the purpose of voting on such approval. Each year after the initial two-year term, the Board will call and hold a meeting to decide whether to continue the agreements for an additional one-year term. In preparation for such meetings, the Board will request and review a wide variety of information from the Adviser and WCM. The Trustees use this information, as well as other information that the Adviser, WCM, and other service providers may submit to the Board, to help them decide whether to renew the agreement.
Prior to and at the August meeting at which the Trustees considered the agreement, the Board requested and reviewed materials from WCM to help the Trustees evaluate the proposed subadvisory fee and other aspects of the agreement. In considering whether to approve the agreement, the Board considered and discussed information and analysis provided by the Adviser and WCM. The Board considered all factors that it deemed to be relevant. In its deliberations, the Board did not identify any single factor that was paramount or controlling and individual Trustees may have attributed different weights to various factors. Certain factors considered by the Board are addressed in more detail below.
Nature, Extent, and Quality of Services. In considering the nature, extent, and quality of the services proposed to be provided by WCM, the Board reviewed the services to be provided and the qualifications and backgrounds of the portfolio managers proposed to be responsible for managing the Fund. The Board also reviewed information set forth in WCM’s Form ADV, which provides information about the firm, its management, and its business activities and affiliations. The Board considered the professional experience and qualifications of WCM’s senior management and key professional personnel, including those individuals responsible for portfolio management. The Board also considered WCM’s operational capabilities and resources and its experience in managing investment portfolios. Based on its review, within the context of its full deliberations, the Board determined that it was satisfied with the nature, extent, and quality of services to be provided to the Fund by WCM.
Performance. In connection with the assessment of WCM’s ability to perform its duties under the agreement, the Board considered the sufficiency of its resources and concluded that WCM had the financial resources necessary to perform its obligations under the agreement. The Board heard an overview of WCM’s investment philosophy, the proposed portfolio construction of the assets of the Fund, and the investment techniques to be employed. The Board also reviewed WCM’s investment performance with respect to the strategies proposed to be used in managing the Fund and the investment performance of WCM with respect to its other accounts, including mutual funds and other pooled investment vehicles.
Cost of Services. The Board considered the cost of the services to be provided by WCM and reviewed the fee to be paid pursuant to the agreement. In addition, the Board discussed the fee arrangement between the Adviser and WCM, noting that the Adviser would pay WCM out of the advisory fee it receives from the Fund. The Board also reviewed information regarding advisory fees of comparable funds and evaluated the proposed fee arrangement in light of this information and the factors that judicial decisions have specified as pertinent generally. The Board also considered the Adviser’s and WCM’s contractual arrangement with the Fund to waive a portion of the advisory fee and/or reimburse expenses in an effort to control the expense ratios of the Fund, if necessary. Based on its review, within the context of its full deliberations, the Board determined that the fee proposed to be paid to WCM was fair and reasonable.
Economies of Scale. The Board considered the potential for economies of scale and noted that both the Adviser’s and WCM’s fees include breakpoints.
Conclusion. Based on its deliberations and evaluation of the information described above, the Board, including the Independent Trustees, unanimously: (i) concluded that the terms of the agreement are fair and reasonable; (ii) concluded that the fee for WCM is fair and reasonable in light of the services that it will provide to the Fund; and (iii) agreed to approve the agreement for an initial term of two years.
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RIDGEWORTH FUNDS September 30, 2015
(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, 2015 through September 30, 2015.
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 04/01/15 | Ending Account Value 09/30/15 | Expenses Paid During Period* 04/01/15-09/30/15 | Expense Ratio During Period** 04/01/15-09/30/15 | |||||||||||||||
Aggressive Growth Stock Fund | I Shares | $1,000.00 | $981.90 | $6.49 | 1.31 | % | ||||||||||||||
A Shares | 1,000.00 | 980.70 | 7.13 | 1.44 | ||||||||||||||||
International Equity Fund | I Shares | 1,000.00 | 930.70 | 6.52 | 1.35 | |||||||||||||||
A Shares | 1,000.00 | 930.40 | 7.43 | 1.54 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 930.70 | 0.87 | 1.10 | |||||||||||||||
Large Cap Growth Stock Fund | I Shares | 1,000.00 | 953.50 | 4.74 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 952.00 | 5.76 | 1.18 | ||||||||||||||||
C Shares | 1,000.00 | 948.30 | 9.06 | 1.86 | ||||||||||||||||
IS Shares | 1,000.00 | 954.50 | 4.20 | 0.86 | ||||||||||||||||
Large Cap Value Equity Fund | I Shares | 1,000.00 | 910.80 | 4.63 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 909.60 | 6.06 | 1.27 | ||||||||||||||||
C Shares | 1,000.00 | 907.10 | 8.20 | 1.72 | ||||||||||||||||
IS Shares | 1,000.00 | 911.80 | 3.44 | 0.72 | ||||||||||||||||
Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 883.60 | 5.23 | 1.11 | |||||||||||||||
A Shares | 1,000.00 | 881.60 | 6.59 | 1.40 | ||||||||||||||||
C Shares | 1,000.00 | 880.10 | 8.32 | 1.77 | ||||||||||||||||
IS Shares | 1,000.00 | 884.40 | 3.72 | 0.79 | ||||||||||||||||
Small Cap Growth Stock Fund | I Shares | 1,000.00 | 906.20 | 6.20 | 1.30 | |||||||||||||||
A Shares | 1,000.00 | 905.50 | 6.43 | 1.35 | ||||||||||||||||
C Shares | 1,000.00 | 903.50 | 9.52 | 2.00 | ||||||||||||||||
IS Shares | 1,000.00 | 907.70 | 4.77 | 1.00 | ||||||||||||||||
Small Cap Value Equity Fund | I Shares | 1,000.00 | 926.90 | 5.88 | 1.22 | |||||||||||||||
A Shares | 1,000.00 | 925.20 | 7.46 | 1.55 | ||||||||||||||||
C Shares | 1,000.00 | 923.80 | 9.19 | 1.91 | ||||||||||||||||
Aggressive Growth Allocation Strategy | I Shares | 1,000.00 | 926.00 | 2.41 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 926.30 | 3.37 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 923.80 | 6.25 | 1.30 | ||||||||||||||||
Conservative Allocation Strategy | I Shares | 1,000.00 | 963.20 | 1.47 | 0.30 | |||||||||||||||
A Shares | 1,000.00 | 961.60 | 2.94 | 0.60 | ||||||||||||||||
C Shares | 1,000.00 | 958.00 | 6.36 | 1.30 | ||||||||||||||||
Growth Allocation Strategy | I Shares | 1,000.00 | 933.70 | 2.42 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 932.50 | 3.29 | 0.68 | ||||||||||||||||
C Shares | 1,000.00 | 930.20 | 6.27 | 1.30 | ||||||||||||||||
Moderate Allocation Strategy | I Shares | 1,000.00 | 947.60 | 2.43 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 946.60 | 3.41 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 944.30 | 6.03 | 1.24 |
* | 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 for International Equity Fund commenced operations on September 1, 2015. Expenses are equal to annualized expense ratio, multiplied by the average account value over the period, multiplied by 30 (the number of days since the commencement of the Class on September 1, 2015), then divided by 366. |
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ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2015
(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 04/01/15 | Ending Account Value 09/30/15 | Expenses Paid During Period* 04/01/15-09/30/15 | Expense Ratio During Period** 04/01/15-09/30/15 | |||||||||||||||
Aggressive Growth Stock Fund | I Shares | $1,000.00 | $1,018.50 | $6.61 | 1.31 | % | ||||||||||||||
A Shares | 1,000.00 | 1,017.80 | 7.26 | 1.44 | ||||||||||||||||
International Equity Fund | I Shares | 1,000.00 | 1,018.30 | 6.81 | 1.35 | |||||||||||||||
A Shares | 1,000.00 | 1,017.30 | 7.77 | 1.54 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,003.20 | 0.90 | 1.10 | |||||||||||||||
Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,020.20 | 4.90 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 1,019.10 | 5.96 | 1.18 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.70 | 9.37 | 1.86 | ||||||||||||||||
IS Shares | 1,000.00 | 1,020.70 | 4.34 | 0.86 | ||||||||||||||||
Large Cap Value Equity Fund | I Shares | 1,000.00 | 1,020.20 | 4.90 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 1,018.70 | 6.41 | 1.27 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.40 | 8.67 | 1.72 | ||||||||||||||||
IS Shares | 1,000.00 | 1,021.40 | 3.64 | 0.72 | ||||||||||||||||
Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 1,019.50 | 5.60 | 1.11 | |||||||||||||||
A Shares | 1,000.00 | 1,018.00 | 7.06 | 1.40 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.20 | 8.92 | 1.77 | ||||||||||||||||
IS Shares | 1,000.00 | 1,021.05 | 3.99 | 0.79 | ||||||||||||||||
Small Cap Growth Stock Fund | I Shares | 1,000.00 | 1,018.50 | 6.56 | 1.30 | |||||||||||||||
A Shares | 1,000.00 | 1,018.30 | 6.81 | 1.35 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.00 | 10.08 | 2.00 | ||||||||||||||||
IS Shares | 1,000.00 | 1,020.00 | 5.05 | 1.00 | ||||||||||||||||
Small Cap Value Equity Fund | I Shares | 1,000.00 | 1,018.90 | 6.16 | 1.22 | |||||||||||||||
A Shares | 1,000.00 | 1,017.30 | 7.82 | 1.55 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.50 | 9.62 | 1.91 | ||||||||||||||||
Aggressive Growth Allocation Strategy | I Shares | 1,000.00 | 1,022.50 | 2.53 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.50 | 3.54 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.50 | 6.56 | 1.30 | ||||||||||||||||
Conservative Allocation Strategy | I Shares | 1,000.00 | 1,023.50 | 1.52 | 0.30 | |||||||||||||||
A Shares | 1,000.00 | 1,022.00 | 3.03 | 0.60 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.50 | 6.56 | 1.30 | ||||||||||||||||
Growth Allocation Strategy | I Shares | 1,000.00 | 1,022.50 | 2.53 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.44 | 0.68 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.50 | 6.56 | 1.30 | ||||||||||||||||
Moderate Allocation Strategy | I Shares | 1,000.00 | 1,022.50 | 2.53 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.50 | 3.54 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.80 | 6.26 | 1.24 |
* | 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 for International Equity Fund commenced operations on September 1, 2015. Expenses (hypothetical expenses if IS Shares had been in existence from April 1, 2015) 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 366. |
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
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ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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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Table of Contents
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
WCM Investment Management
281 Brooks Street
Laguna Beach, CA 92651
www.wcminvest.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 a 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 a 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-0915
Table of Contents
2015 SEMI-ANNUAL REPORT
FIXED INCOME FUNDS
SEPTEMBER 30, 2015
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, 2015
Table of Contents
RIDGEWORTH FUNDS September 30, 2015
Dear Valued Shareholder,
Thank you for your continued business and support. Our mission is to help you achieve your investment goals and we are grateful you have placed your confidence in us. We strive to earn your trust through competitive investment performance and excellent client service and we hope we have met your expectations in both of these measures. We look forward to continuing to serve you in the years to come.
The financial markets were volatile during the third calendar quarter after being relatively calm for the preceding three months. Concerns about global economic momentum, an earnings recession, and the timing of the first interest rate hike by the Federal Reserve pushed stocks lower in the third calendar quarter, generating the first correction greater than 10% in nearly four years. Bonds gained during this period, though widening credit spreads continued to pressure the high yield market.
The macro picture during the period was one of shifting crosscurrents both domestically and internationally, which put investors on edge. At home, consumer fundamentals continued to improve with additional job growth, a further decline in the unemployment rate, rising home values, and increasing personal income fueling a rise in spending. U.S. businesses reacted to slowing global economic momentum and a rise in inventories by curbing output growth and announcing selective layoffs. Overall, growth in the developed international economies firmed and prior concerns, such as Greece, faded into the background. The slowing of China’s economy, and the resulting excess commodity supply, was a persistent headwind to the emerging markets, however.
Against this backdrop, investors expected the Federal Reserve (Fed) to begin normalizing monetary policy by raising the overnight federal funds rate modestly by September. While members of the Federal Open Market Committee were increasingly comfortable that the labor markets were strengthening and that inflation would likely return to its 2% target over the intermediate term, committee members delayed raising rates due to concerns that the international economic sluggishness and market volatility might exert negative spillover effects here at home. That said, the committee continued to suggest that an interest rate increase was likely in the near future.
The economic turmoil abroad and the possible unspoken motives behind the Fed’s inaction caused investors to sell risk assets. U.S. stocks lost ground, as the S&P 500 Index declined 6.2% during the six months through September 30, 2015. Domestic stocks outpaced international equities, which declined 9.7% as measured by the MSCI EAFE Index. Growth stocks largely outperformed value stocks, with the Russell 1000 Growth Index falling 5.2% compared to a negative 8.3% return for the Russell 1000 Value Index.
Fixed-income investments performed somewhat better during the six-month period, with the Barclays Capital Aggregate Bond Index off 0.47%. Investors favored high-quality bonds, particularly those issued by the U.S. government, in the wake of mounting global economic concerns. Such bonds also benefited from a strengthening U.S. dollar and weak commodity prices.
Looking ahead, we expect moderate economic growth will continue with limited inflation pressure at least over the near-term, highlighted by steady consumer spending bolstered by strengthening balance sheets, rising employment and lower gasoline and import prices. Headline inflation pressures will likely be limited through the end of 2015 and into 2016, due in large measure to lower oil prices, a stronger dollar, modest wage gains, and adequate manufacturing capacity. Despite the market correction, we believe that the risk of economic recession in the U.S. is on the low end and that corporate earnings should steady as we move into 2016. In all, these factors suggest that the financial markets’ fundamentals should be favorable in the near term.
The international picture is more complicated, but we expect additional gains in the developed economies, particularly the European Union, and possible early signs of stabilization in emerging markets amid a steady dose of monetary accommodation. These easing measures would help support the global financial markets and provide a generally better backdrop moving forward.
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LETTER TO SHAREHOLDERS (concluded)
RIDGEWORTH FUNDS September 30, 2015
We continue to believe the markets will continue to offer opportunities to careful investors, and that RidgeWorth’s bottom-up approach to security selection is well positioned to benefit in this environment. 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
Chief Executive Officer, Chief Investment Officer
RidgeWorth Investments
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INDUSTRY ALLOCATIONS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† | ||||
U.S. Treasury Obligations | 35.6% | |||
Corporate Bonds | 25.7% | |||
U.S. Government Agency Mortgages | 24.9% | |||
Collateralized Mortgage Obligations | 6.6% | |||
Asset-Backed Securities | 3.6% | |||
Foreign Government Bond | 0.2% | |||
Money Market Funds | 3.4% | |||
Seix Corporate Bond Fund† | ||||
Corporate Bonds | 94.7% | |||
Money Market Funds | 5.3% | |||
Seix Floating Rate High Income Fund | ||||
Bank Loans | 90.2% | |||
Corporate Bonds | 5.7% | |||
Common Stocks | 0.1% | |||
Preferred Stock | 0.0% | * | ||
Money Market Fund | 4.0% |
*Less | than 0.05% of Net Assets. |
Seix Georgia Tax-Exempt Bond Fund† | ||||
Municipal Bonds | 98.3% | |||
Money Market Fund | 1.7% | |||
Seix High Grade Municipal Bond Fund† | ||||
Municipal Bonds | 83.4% | |||
Money Market Fund | 16.6% | |||
Seix High Income Fund† | ||||
Corporate Bonds | 80.2% | |||
Bank Loans | 3.5% | |||
Common Stocks | 1.2% | |||
Preferred Stock | 0.4% | |||
Convertible Preferred Stocks | 0.3% | |||
Municipal Bond | 0.3% | |||
Money Market Funds | 14.1% | |||
Seix High Yield Fund | ||||
Corporate Bonds | 79.5% | |||
Bank Loans | 3.3% | |||
Convertible Preferred Stock | 0.2% | |||
Common Stock | 0.2% | |||
Money Market Funds | 16.8% | |||
Seix Investment Grade Tax-Exempt Bond Fund† | ||||
Municipal Bonds | 87.3% | |||
Money Market Fund | 12.7% | |||
Seix Limited Duration Fund† | ||||
Collateralized Mortgage Obligations | 44.4% | |||
Asset-Backed Securities | 34.4% | |||
U.S. Government Agency Mortgages | 15.7% | |||
Money Market Fund | 5.5% |
Seix North Carolina Tax-Exempt Bond Fund† | ||||
Municipal Bonds | 93.9% | |||
Money Market Fund | 6.1% | |||
Seix Short-Term Bond Fund† | ||||
Corporate Bonds | 38.8% | |||
U.S. Treasury Obligations | 25.2% | |||
Collateralized Mortgage Obligations | 11.0% | |||
U.S. Government Agency Mortgages | 10.6% | |||
Asset-Backed Securities | 9.0% | |||
Municipal Bonds | 3.2% | |||
Money Market Fund | 2.2% | |||
Seix Short-Term Municipal Bond Fund† | ||||
Municipal Bonds | 82.3% | |||
Money Market Fund | 17.7% | |||
Seix Total Return Bond Fund† | ||||
U.S. Treasury Obligations | 39.2% | |||
U.S. Government Agency Mortgages | 25.6% | |||
Corporate Bonds | 24.1% | |||
Collateralized Mortgage Obligations | 5.3% | |||
Asset-Backed Securities | 2.6% | |||
Foreign Government Bond | 0.1% | |||
Bank Loans | 0.0% | * | ||
Money Market Funds | 3.1% |
* | Less than 0.05% of Total Investments. |
Seix U.S. Government Securities Ultra-Short Bond Fund† | ||||
U.S. Government Agency Mortgages | 53.5% | |||
Collateralized Mortgage Obligations | 39.8% | |||
U.S. Treasury Obligation | 1.9% | |||
Asset-Backed Security | 0.8% | |||
Money Market Fund | 4.0% | |||
Seix U.S. Mortgage Fund†† | ||||
U.S. Government Agency Mortgages | 88.5% | |||
Collateralized Mortgage Obligations | 5.1% | |||
U.S. Treasury Obligations | 1.9% | |||
Money Market Fund | 4.5% | |||
Seix Ultra-Short Bond Fund† | ||||
Corporate Bonds | 51.1% | |||
Asset-Backed Securities | 21.8% | |||
Collateralized Mortgage Obligations | 13.2% | |||
Municipal Bonds | 5.2% | |||
U.S. Government Agency Mortgages | 4.4% | |||
Money Market Fund | 4.3% | |||
Seix Virginia Intermediate Municipal Bond Fund† | ||||
Municipal Bonds | 96.6% | |||
Money Market Fund | 3.4% |
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
†† | Formerly Limited-Term Federal Mortgage Securities Fund. |
Industry allocation is subject to change.
3
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 3.7% | ||||||||
Automobiles 0.2% | ||||||||
Ford Credit Auto Owner Trust, Series 2015-2, Cl A, 2.440%, 01/15/27(a) | 485,000 | 492,870 | ||||||
|
| |||||||
Credit Card 2.0% | ||||||||
BA Credit Card Trust, Series 2015-A1, Cl A, 0.537%, 06/15/20(b) | 2,660,000 | 2,655,962 | ||||||
Cabela’s Credit Card Master Note Trust, Series 2015-1A, Cl A1, 2.260%, 03/15/23 | 1,270,000 | 1,285,956 | ||||||
Cabela’s Credit Card Master Note Trust, Series 2015-2, Cl A1, 2.250%, 07/17/23 | 430,000 | 431,892 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.557%, | 774,000 | 772,696 | ||||||
Capital One Multi-Asset Execution Trust, Series 2006-B1, Cl B1, 0.487%, 01/15/19(b) | 823,000 | 821,829 | ||||||
|
| |||||||
5,968,335 | ||||||||
|
| |||||||
Other 1.5% | ||||||||
DB Master Finance LLC, Series 2015-1A, Cl A2II, 3.980%, 02/20/45(a) | 2,616,850 | 2,639,376 | ||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(a) | 1,655,186 | 1,704,786 | ||||||
SBA Tower Trust, Series 2014-2A, Cl C, 3.869%, 10/15/49(a) | 190,000 | 193,315 | ||||||
|
| |||||||
4,537,477 | ||||||||
|
| |||||||
Total Asset-Backed Securities | 10,998,682 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 6.8% | ||||||||
Agency Collateralized Mortgage Obligation 0.0%(c) |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3768, Cl CB, 3.500%, 12/15/25 | 36,000 | 38,729 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 6.8% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series KP02, Cl A2, 2.355%, 04/25/21(b) | 4,658,000 | 4,747,558 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2012-ALOH, Cl A, 3.551%, 04/10/34(a) | 2,946,000 | 3,092,222 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(a) | 1,195,000 | 1,207,916 | ||||||
|
| |||||||
4,300,138 | ||||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2010-C1, Cl A2, 4.592%, 08/10/43(a) | 1,011,000 | 1,109,438 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2011-C3, Cl D, 5.734%, | 1,314,000 | 1,415,622 | ||||||
Series 2012-HSBC, Cl B, 3.722%, 07/05/32(a) | 380,000 | 395,315 | ||||||
|
| |||||||
1,810,937 | ||||||||
|
| |||||||
Madison Avenue Trust | ||||||||
Series 2013-650M, Cl B, 4.169%, 10/12/32(a)(b) | 1,815,000 | 1,932,394 | ||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2014-CPT, Cl A, 3.350%, 07/13/29(a) | 3,285,000 | 3,405,152 | ||||||
|
| |||||||
VNDO Mortgage Trust | ||||||||
Series 2013-PENN, Cl B, 4.079%, 12/13/29(a)(b) | 1,125,000 | 1,193,461 | ||||||
|
| |||||||
Wells Fargo Commercial Mortgage Trust | ||||||||
Series 2013-BTC, Cl A, 3.544%, 04/16/35(a) | 510,000 | 532,716 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2011-C3, Cl D, 5.724%, | 1,019,000 | 1,080,908 | ||||||
|
| |||||||
20,112,702 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 20,151,431 | |||||||
|
| |||||||
Corporate Bonds 26.2% | ||||||||
Aerospace/Defense 0.3% |
| |||||||
L-3 Communications Corp., 3.950%, 05/28/24 | 834,000 | 799,512 | ||||||
|
| |||||||
Agriculture 0.5% |
| |||||||
Japan Tobacco, Inc., 2.100%, | 1,387,000 | 1,399,389 | ||||||
|
| |||||||
Airlines 1.2% |
| |||||||
American Airlines Pass Through Trust, | 1,779,919 | 1,900,063 |
See Notes to Financial Statements.
4
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Airlines—continued |
| |||||||
American Airlines Pass Through Trust, Series 2015-2, 3.600%, 09/22/27 | 149,000 | 149,551 | ||||||
Delta Air Lines Pass Through Trust, Series 2015-1, 3.625%, 07/30/27 | 228,000 | 229,710 | ||||||
Spirit Airlines Pass Through Trust, Series 2015-1, 4.100%, 04/01/28 | 266,000 | 267,995 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl A, 4.000%, 04/11/26 | 1,042,000 | 1,065,445 | ||||||
|
| |||||||
3,612,764 | ||||||||
|
| |||||||
Auto Manufacturers 1.3% |
| |||||||
Daimler Finance North America LLC, 2.250%, 03/02/20(a) | 564,000 | 547,275 | ||||||
Ford Motor Credit Co. LLC, 2.145%, 01/09/18 | 464,000 | 462,421 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 877,000 | 932,766 | ||||||
General Motors Co., 5.200%, 04/01/45 | 979,000 | 918,736 | ||||||
Harley-Davidson Financial Services, Inc., 2.150%, 02/26/20(a) | 368,000 | 367,104 | ||||||
Volkswagen International Finance, 2.375%, 03/22/17(a) | 742,000 | 731,169 | ||||||
|
| |||||||
3,959,471 | ||||||||
|
| |||||||
Auto Parts & Equipment 0.3% |
| |||||||
Magna International, Inc., 4.150%, 10/01/25 | 951,000 | 951,082 | ||||||
|
| |||||||
Banks 5.6% |
| |||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 755,000 | 756,984 | ||||||
Bank of America NA, 1.750%, 06/05/18 | 498,000 | 496,821 | ||||||
Citigroup, Inc., 2.500%, 09/26/18 | 1,218,000 | 1,234,174 | ||||||
Citigroup, Inc., 4.450%, 09/29/27 | 1,073,000 | 1,067,213 | ||||||
Credit Suisse Group Funding Guernsey Ltd., 2.750%, 03/26/20(a) | 388,000 | 386,916 | ||||||
Credit Suisse Group Funding Guernsey Ltd., 3.750%, 03/26/25(a) | 561,000 | 544,817 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued |
| |||||||
Discover Bank, 3.100%, 06/04/20 | 831,000 | 839,044 | ||||||
Goldman Sachs Group, Inc. (The), 2.550%, 10/23/19 | 647,000 | 651,195 | ||||||
Huntington National Bank (The), 1.300%, 11/20/16 | 1,072,000 | 1,073,091 | ||||||
ING Bank NV, 1.800%, 03/16/18(a) | 684,000 | 684,988 | ||||||
JPMorgan Chase & Co., 2.250%, 01/23/20 | 964,000 | 955,981 | ||||||
KeyCorp, 2.900%, 09/15/20, MTN | 496,000 | 499,710 | ||||||
Lloyds Bank PLC, 2.700%, 08/17/20 | 598,000 | 606,581 | ||||||
Morgan Stanley, 3.950%, 04/23/27 | 544,000 | 523,915 | ||||||
Morgan Stanley, 4.300%, 01/27/45 | 1,709,000 | 1,624,196 | ||||||
Santander UK Group Holdings PLC, 4.750%, 09/15/25(a) | 1,100,000 | 1,090,797 | ||||||
UBS AG, 2.375%, 08/14/19, MTN | 1,238,000 | 1,243,311 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 1,077,000 | 1,094,338 | ||||||
US Bank NA, 1.100%, 01/30/17 | 1,229,000 | 1,230,911 | ||||||
|
| |||||||
16,604,983 | ||||||||
|
| |||||||
Beverages 0.5% |
| |||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(a) | 1,333,000 | 1,350,910 | ||||||
|
| |||||||
Biotechnology 0.4% |
| |||||||
Biogen, Inc., 5.200%, 09/15/45 | 502,000 | 506,542 | ||||||
Celgene Corp., 4.625%, 05/15/44 | 337,000 | 319,738 | ||||||
Celgene Corp., 5.000%, 08/15/45 | 494,000 | 489,998 | ||||||
|
| |||||||
1,316,278 | ||||||||
|
| |||||||
Commercial Services 0.6% |
| |||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(a) | 567,000 | 578,228 | ||||||
ERAC USA Finance LLC, 3.850%, 11/15/24(a) | 310,000 | 314,719 | ||||||
ERAC USA Finance LLC, 4.500%, 02/15/45(a) | 337,000 | 311,661 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(a) | 591,000 | 659,960 | ||||||
|
| |||||||
1,864,568 | ||||||||
|
|
See Notes to Financial Statements.
5
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Computers 0.5% |
| |||||||
Apple, Inc., 2.850%, 05/06/21 | 1,014,000 | 1,039,938 | ||||||
Hewlett-Packard Enterprise Co., 6.350%, 10/15/45(a)(d) | 438,000 | 437,702 | ||||||
|
| |||||||
1,477,640 | ||||||||
|
| |||||||
Diversified Financial Services 1.5% |
| |||||||
Air Lease Corp., 2.625%, 09/04/18 | 1,496,000 | 1,494,024 | ||||||
American Express Credit Corp., 2.375%, 03/24/17, MTN | 422,000 | 428,629 | ||||||
Lazard Group LLC, 3.750%, 02/13/25 | 1,393,000 | 1,329,178 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(a) | 702,000 | 711,069 | ||||||
TD Ameritrade Holding Corp., 2.950%, 04/01/22 | 458,000 | 461,222 | ||||||
|
| |||||||
4,424,122 | ||||||||
|
| |||||||
Electric 0.3% |
| |||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 258,000 | 310,667 | ||||||
Dominion Resources, Inc., 1.950%, 08/15/16 | 322,000 | 324,181 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 341,000 | 369,848 | ||||||
|
| |||||||
1,004,696 | ||||||||
|
| |||||||
Healthcare-Products 0.3% |
| |||||||
Becton Dickinson and Co., 4.685%, 12/15/44 | 247,000 | 247,205 | ||||||
Medtronic, Inc., 3.500%, 03/15/25 | 206,000 | 210,191 | ||||||
Medtronic, Inc., 4.625%, 03/15/45 | 527,000 | 543,388 | ||||||
|
| |||||||
1,000,784 | ||||||||
|
| |||||||
Healthcare-Services 0.2% |
| |||||||
Howard Hughes Medical Institute, 3.500%, 09/01/23 | 475,000 | 497,184 | ||||||
|
| |||||||
Insurance 1.0% | ||||||||
American International Group, Inc., 4.800%, 07/10/45 | 426,000 | 434,887 | ||||||
Arch Capital Group US, Inc., 5.144%, 11/01/43 | 798,000 | 823,521 | ||||||
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(a) | 225,000 | 239,942 | ||||||
Nationwide Financial Services, Inc., 5.375%, 03/25/21(a) | 975,000 | 1,087,706 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 304,000 | 327,613 | ||||||
|
| |||||||
2,913,669 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Media 0.7% |
| |||||||
CCO Safari II LLC, 6.484%, 10/23/45(a) | 511,000 | 515,522 | ||||||
Comcast Corp., 4.650%, 07/15/42 | 1,368,000 | 1,406,583 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 3.950%, 01/15/25 | 197,000 | 193,222 | ||||||
|
| |||||||
2,115,327 | ||||||||
|
| |||||||
Mining 1.6% |
| |||||||
Barrick (PD) Australia Finance Property Ltd., 4.950%, 01/15/20 | 212,000 | 225,157 | ||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 1,287,000 | 1,068,540 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(a) | 1,208,000 | 1,075,848 | ||||||
Barrick North America Finance LLC, 5.750%, 05/01/43 | 185,000 | 157,536 | ||||||
BHP Billiton Finance USA Ltd., 5.000%, 09/30/43 | 396,000 | 400,535 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 2,101,000 | 1,900,611 | ||||||
|
| |||||||
4,828,227 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.7% |
| |||||||
3M Co., 1.375%, 09/29/16 | 327,000 | 329,650 | ||||||
General Electric Co., 3.375%, 03/11/24 | 1,102,000 | 1,141,336 | ||||||
General Electric Co., 4.125%, 10/09/42 | 281,000 | 277,216 | ||||||
General Electric Co., 5.250%, 12/06/17 | 289,000 | 313,108 | ||||||
|
| |||||||
2,061,310 | ||||||||
|
| |||||||
Oil & Gas 1.5% |
| |||||||
BP Capital Markets PLC, 2.248%, 11/01/16 | 471,000 | 476,470 | ||||||
Ensco PLC, 4.500%, 10/01/24(e) | 115,000 | 84,954 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 507,000 | 350,738 | ||||||
Exxon Mobil Corp., 1.912%, 03/06/20 | 732,000 | 736,563 | ||||||
Marathon Petroleum Corp., 3.625%, 09/15/24 | 113,000 | 109,204 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 426,000 | 372,267 | ||||||
Shell International Finance BV, 3.250%, 05/11/25 | 864,000 | 854,372 |
See Notes to Financial Statements.
6
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
Woodside Finance Ltd., 3.650%, 03/05/25(a) | 752,000 | 680,225 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(a) | 691,000 | 718,587 | ||||||
|
| |||||||
4,383,380 | ||||||||
|
| |||||||
Oil & Gas Services 0.2% |
| |||||||
FMC Technologies, Inc., 3.450%, 10/01/22 | 217,000 | 202,827 | ||||||
Schlumberger Investment SA, 3.300%, 09/14/21(a) | 518,000 | 529,669 | ||||||
|
| |||||||
732,496 | ||||||||
|
| |||||||
Pharmaceuticals 0.6% |
| |||||||
AbbVie, Inc., 3.600%, 05/14/25 | 667,000 | 657,840 | ||||||
Actavis Funding SCS, 4.750%, 03/15/45 | 345,000 | 313,244 | ||||||
Express Scripts Holding Co., 2.650%, 02/15/17 | 420,000 | 426,914 | ||||||
Novartis Securities Investment Ltd., 5.125%, 02/10/19 | 252,000 | 280,316 | ||||||
|
| |||||||
1,678,314 | ||||||||
|
| |||||||
Pipelines 1.0% |
| |||||||
Boardwalk Pipelines LP, 4.950%, 12/15/24 | 172,000 | 159,317 | ||||||
Columbia Pipeline Group, Inc., 5.800%, 06/01/45(a) | 414,000 | 395,316 | ||||||
Energy Transfer Partners LP, 4.900%, 02/01/24 | 112,000 | 106,783 | ||||||
EnLink Midstream Partners LP, 4.150%, 06/01/25 | 715,000 | 655,877 | ||||||
EnLink Midstream Partners LP, 4.400%, 04/01/24 | 110,000 | 104,727 | ||||||
Enterprise Products Operating LLC, 3.350%, 03/15/23 | 103,000 | 99,557 | ||||||
Enterprise Products Operating LLC, 4.850%, 03/15/44 | 232,000 | 206,821 | ||||||
Phillips 66 Partners LP, 3.605%, 02/15/25 | 123,000 | 112,807 | ||||||
Phillips 66 Partners LP, 4.680%, 02/15/45 | 154,000 | 126,790 | ||||||
Western Gas Partners LP, 3.950%, 06/01/25 | 675,000 | 632,224 | ||||||
Williams Partners LP/ACMP Finance Corp., 4.875%, 05/15/23 | 515,000 | 476,375 | ||||||
|
| |||||||
3,076,594 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.7% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 423,000 | 407,520 |
Shares or Principal Amount($) | Value($) | |||||||
Real Estate Investment Trust—continued |
| |||||||
American Tower Corp., 5.000%, 02/15/24 | 833,000 | 875,192 | ||||||
Digital Realty Trust LP, 3.950%, 07/01/22 | 855,000 | 854,053 | ||||||
|
| |||||||
2,136,765 | ||||||||
|
| |||||||
Retail 0.9% |
| |||||||
CVS Health Corp., 5.125%, 07/20/45 | 440,000 | 472,979 | ||||||
Home Depot, Inc. (The), 2.625%, 06/01/22 | 427,000 | 426,815 | ||||||
Kohl’s Corp., 5.550%, 07/17/45 | 305,000 | 298,790 | ||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 1,328,000 | 1,326,975 | ||||||
|
| |||||||
2,525,559 | ||||||||
|
| |||||||
Semiconductors 1.0% | ||||||||
Analog Devices, Inc., 3.000%, 04/15/16 | 235,000 | 237,864 | ||||||
Intel Corp., 1.950%, 10/01/16 | 380,000 | 384,526 | ||||||
Intel Corp., 4.900%, 07/29/45 | 429,000 | 444,087 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(a) | 1,961,000 | 1,943,221 | ||||||
|
| |||||||
3,009,698 | ||||||||
|
| |||||||
Software 0.5% | ||||||||
Oracle Corp., 1.200%, 10/15/17 | 319,000 | 319,537 | ||||||
Oracle Corp., 2.375%, 01/15/19 | 357,000 | 363,884 | ||||||
Oracle Corp., 4.125%, 05/15/45 | 949,000 | 895,464 | ||||||
|
| |||||||
1,578,885 | ||||||||
|
| |||||||
Telecommunication Services 1.9% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 623,000 | 629,619 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 244,000 | 209,433 | ||||||
AT&T, Inc., 4.750%, 05/15/46 | 469,000 | 429,743 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 1,120,000 | 1,116,064 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 539,000 | 545,760 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 467,000 | 475,975 | ||||||
Crown Castle Towers LLC, 3.222%, 05/15/22(a) | 675,000 | 658,125 | ||||||
Verizon Communications, Inc., 5.012%, 08/21/54 | 1,849,000 | 1,682,856 | ||||||
|
| |||||||
5,747,575 | ||||||||
|
| |||||||
Transportation 0.4% | ||||||||
Burlington Northern Santa Fe LLC, 4.550%, 09/01/44 | 1,178,000 | 1,155,435 | ||||||
|
| |||||||
Total Corporate Bonds | 78,206,617 | |||||||
|
|
See Notes to Financial Statements.
7
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages 25.4% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #G30614, 3.500%, 12/01/32 | 1,015,934 | 1,075,379 | ||||||
Pool #C91768, 3.500%, 07/01/34 | 2,154,724 | 2,275,591 | ||||||
Pool #G01779, 5.000%, 04/01/35 | 172,954 | 191,100 | ||||||
Pool #G01838, 5.000%, 07/01/35 | 38,105 | 42,095 | ||||||
Pool #G01837, 5.000%, 07/01/35 | 672,513 | 743,104 | ||||||
Pool #G03296, 6.000%, 09/01/37 | 380,706 | 437,468 | ||||||
Pool #G05326, 5.000%, 02/01/38 | 170,390 | 187,669 | ||||||
Pool #G04337, 5.500%, 04/01/38 | 47,260 | 52,358 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 187,472 | 203,700 | ||||||
Pool #G08353, 4.500%, 07/01/39 | 238,198 | 259,018 | ||||||
Pool #G06079, 6.000%, 07/01/39 | 80,037 | 90,580 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 417,744 | 446,110 | ||||||
Pool #A89384, 4.000%, 10/01/39 | 77,904 | 83,194 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 701,822 | 763,746 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 85,230 | 93,867 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 601,954 | 644,376 | ||||||
Pool #A95085, 4.000%, 11/01/40 | 504,060 | 538,347 | ||||||
Pool #A95796, 4.000%, 12/01/40 | 254,506 | 271,805 | ||||||
Pool #A95822, 4.000%, 12/01/40 | 657,710 | 706,942 | ||||||
Pool #A97047, 4.500%, 02/01/41 | 63,854 | 69,292 | ||||||
Pool #G08499, 3.000%, 07/01/42 | 151,680 | 153,845 | ||||||
Pool #849167, 2.962%, 10/01/43(b) | 990,816 | 1,027,248 | ||||||
Pool #G60165, 3.500%, 02/01/44 | 1,552,344 | 1,621,875 | ||||||
Pool #Q29416, 4.000%, 11/01/44 | 302,566 | 323,193 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #Q31066, 4.000%, 02/01/45 | 229,207 | 245,462 | ||||||
Pool #Q31645, 4.000%, 02/01/45 | 186,842 | 199,580 | ||||||
|
| |||||||
12,746,944 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AM6855, 3.150%, 11/01/24 | 90,000 | 92,988 | ||||||
Pool #AM6979, 3.310%, 11/01/24 | 378,000 | 397,742 | ||||||
Pool #AM7760, 3.090%, 01/01/25 | 735,183 | 764,812 | ||||||
Pool #AM7820, 3.110%, 01/01/25 | 930,000 | 962,566 | ||||||
Pool #AM7981, 2.980%, 02/01/25 | 743,023 | 766,608 | ||||||
Pool #AM9272, 2.600%, 06/01/25 | 941,663 | 941,196 | ||||||
Pool #AN0081, 3.110%, 10/01/25(d) | 952,000 | 971,335 | ||||||
Pool #AB1763, 4.000%, 11/01/30 | 131,892 | 142,170 | ||||||
Pool #AP9592, 3.500%, 10/01/32 | 1,045,511 | 1,106,818 | ||||||
Pool #MA1630, 4.000%, 10/01/33 | 369,280 | 397,998 | ||||||
Pool #MA1763, 3.500%, 01/01/34 | 1,088,945 | 1,150,503 | ||||||
Pool #878094, 6.000%, 04/01/36 | 953,591 | 1,088,041 | ||||||
Pool #190370, 6.000%, 06/01/36 | 346,570 | 391,828 | ||||||
Pool #890547, 4.000%, 11/01/36 | 815,120 | 873,541 | ||||||
Pool #AJ5974, 4.000%, 12/01/36 | 115,285 | 123,311 | ||||||
Pool #890248, 6.000%, 08/01/37 | 103,601 | 118,165 | ||||||
Pool #889529, 6.000%, 03/01/38 | 113,904 | 129,491 | ||||||
Pool #AU4728, 4.000%, 09/01/38 | 352,215 | 377,576 | ||||||
Pool #AE0814, 6.000%, 09/01/39 | 1,790,884 | 2,022,974 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 107,633 | 114,885 | ||||||
Pool #AX3605, 3.500%, 01/01/40 | 1,601,827 | 1,677,218 |
See Notes to Financial Statements.
8
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #932441, 4.000%, 01/01/40 | 1,019,910 | 1,088,633 | ||||||
Pool #AC9564, 4.500%, 02/01/40 | 281,043 | 309,074 | ||||||
Pool #AD9725, 3.500%, 10/01/40 | 223,351 | 233,543 | ||||||
Pool #AE3860, 5.000%, 10/01/40 | 1,743,022 | 1,934,157 | ||||||
Pool #AE9284, 4.000%, 11/01/40 | 156,012 | 166,750 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 615,916 | 658,403 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 85,753 | 91,917 | ||||||
Pool #AB2071, 3.500%, 01/01/41 | 100,475 | 105,069 | ||||||
Pool #MA0639, 4.000%, 02/01/41 | 285,478 | 305,158 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 970,155 | 1,055,016 | ||||||
Pool #AB3274, 4.500%, 07/01/41 | 1,363,181 | 1,493,984 | ||||||
Pool #AB3865, 3.500%, 11/01/41 | 201,830 | 211,763 | ||||||
Pool #AT8263, 3.500%, 01/01/42 | 24,207 | 25,315 | ||||||
Pool #MA1044, 3.000%, 04/01/42 | 638,814 | 650,148 | ||||||
Pool #AB5188, 3.500%, 05/01/42 | 1,175,420 | 1,229,250 | ||||||
Pool #AP4613, 4.000%, 08/01/42 | 462,022 | 494,645 | ||||||
Pool #AP7874, 3.500%, 10/01/42 | 348,639 | 364,607 | ||||||
Pool #AT2016, 3.000%, 04/01/43 | 706,460 | 718,199 | ||||||
Pool #AL3657, 3.500%, 06/01/43 | 713,277 | 749,385 | ||||||
Pool #AL5939, 3.500%, 09/01/43 | 2,341,981 | 2,449,732 | ||||||
Pool #AS3037, 3.500%, 08/01/44 | 497,083 | 520,087 | ||||||
Pool #AS3561, 4.500%, 10/01/44 | 3,554,466 | 3,864,067 | ||||||
Pool #AY2685, 4.500%, 01/01/45 | 147,717 | 161,706 | ||||||
Pool #AX8835, 2.809%, 02/01/45(b) | 693,348 | 713,037 | ||||||
|
| |||||||
34,205,411 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Government National Mortgage Association | ||||||||
Pool #AM1086, 4.000%, 09/15/41 | 479,981 | 513,133 | ||||||
Pool #711616, 3.500%, 12/15/41 | 1,180,208 | 1,242,358 | ||||||
Pool #MA0154, 3.500%, 06/20/42 | 376,824 | 396,061 | ||||||
Pool #MA0321, 5.000%, 08/20/42 | 108,824 | 119,453 | ||||||
Pool #AE7700, 3.500%, 08/15/43 | 743,923 | 781,833 | ||||||
Pool #666413, 4.000%, 09/15/43 | 281,299 | 303,222 | ||||||
Pool #MA2681, 5.000%, 03/20/45 | 511,925 | 559,122 | ||||||
Pool #AM2789, 3.500%, 04/15/45 | 396,605 | 415,438 | ||||||
Pool #AM7472, 3.500%, 05/15/45 | 124,248 | 130,813 | ||||||
Pool #AM7541, 3.500%, 05/15/45 | 164,966 | 173,230 | ||||||
Pool #AM8201, 4.000%, 05/15/45 | 159,057 | 170,843 | ||||||
Pool #AM0226, 4.000%, 05/15/45 | 5,423,945 | 5,798,328 | ||||||
Pool #MA2828, 4.500%, 05/20/45 | 1,175,379 | 1,265,386 | ||||||
Pool #AN6788, 3.500%, 06/15/45 | 249,836 | 261,802 | ||||||
Pool #AM9875, 4.000%, 06/15/45 | 464,013 | 500,512 | ||||||
Pool #AN7421, 4.000%, 06/15/45 | 266,913 | 285,758 | ||||||
Pool #AM7092, 4.500%, 06/15/45 | 423,894 | 461,280 | ||||||
Pool #AC4267, 3.500%, 07/15/45 | 174,685 | 183,943 | ||||||
Pool #626960, 3.500%, 07/15/45 | 1,560,715 | 1,643,326 | ||||||
Pool #AM8218, 3.500%, 07/15/45 | 188,437 | 197,887 | ||||||
Pool #AN6802, 3.500%, 07/15/45 | 202,386 | 212,083 | ||||||
Pool #AM8631, 4.000%, 07/15/45 | 679,132 | 726,085 | ||||||
Pool #AN5745, 4.000%, 07/15/45 | 959,885 | 1,035,484 | ||||||
Pool #AN5764, 4.000%, 07/15/45 | 386,902 | 417,401 |
See Notes to Financial Statements.
9
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AN5766, 4.000%, 07/15/45 | 425,425 | 457,358 | ||||||
Pool #AN5781, 4.000%, 07/15/45 | 527,461 | 567,039 | ||||||
Pool #AN6811, 4.000%, 07/15/45 | 198,390 | 212,103 | ||||||
Pool #AO3498, 4.000%, 07/15/45 | 346,081 | 372,057 | ||||||
Pool #AO3526, 4.000%, 07/15/45 | 190,420 | 204,712 | ||||||
Pool #AO3527, 4.000%, 07/15/45 | 181,512 | 195,138 | ||||||
Pool #AN5746, 4.000%, 07/15/45 | 829,909 | 892,141 | ||||||
Pool #AN9115, 4.000%, 07/15/45 | 132,645 | 141,825 | ||||||
Pool #MA2963, 4.500%, 07/20/45 | 2,952,697 | 3,179,566 | ||||||
Pool #626970, 3.500%, 08/15/45 | 613,019 | 645,495 | ||||||
Pool #AO0509, 3.500%, 08/15/45 | 1,018,481 | 1,069,624 | ||||||
Pool #AM9022, 4.000%, 08/15/45 | 197,734 | 211,436 | ||||||
Pool #AO3608, 4.000%, 08/15/45 | 2,009,187 | 2,160,319 | ||||||
Pool #MA3036, 4.500%, 08/20/45 | 769,817 | 829,988 | ||||||
|
| |||||||
28,933,582 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 75,885,937 | |||||||
|
| |||||||
U.S. Treasury Obligations 36.2% | ||||||||
U.S. Treasury Bond 4.1% | ||||||||
3.000%, 05/15/45 | 11,983,000 | 12,262,911 | ||||||
|
| |||||||
U.S. Treasury Notes 32.1% | ||||||||
0.375%, 11/15/15 | 26,603,000 | 26,609,757 | ||||||
0.625%, 09/30/17(f) | 24,424,000 | 24,412,545 | ||||||
1.500%, 01/31/19 | 291,000 | 295,372 | ||||||
1.375%, 02/29/20 | 12,614,000 | 12,671,482 | ||||||
2.000%, 08/15/25 | 31,952,000 | 31,783,102 | ||||||
|
| |||||||
95,772,258 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations (Cost $107,771,102) | 108,035,169 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Foreign Government Bond 0.2% |
| |||||||
Sovereign 0.2% | ||||||||
Mexico Government International Bond, 5.550%, 01/21/45 | 446,000 | 456,593 | ||||||
|
| |||||||
Total Foreign Government Bond | 456,593 | |||||||
|
| |||||||
Money Market Funds 3.5% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(g) | 10,351,341 | 10,351,341 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(g)(h) | 89,413 | 89,413 | ||||||
|
| |||||||
Total Money Market Funds | 10,440,754 | |||||||
|
| |||||||
Total Investments | 304,175,183 | |||||||
Liabilities in excess of other | (5,837,030 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 298,338,153 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(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 12.9% of net assets as of September 30, 2015. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(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 or a partial position of the security was on loan as of September 30, 2015. The total value of securities on loan as of September 30, 2015 was $84,954. |
(f) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(g) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(h) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2015 (See Note 2(k)). |
Investment Abbreviation
MTN | — Medium Term Note |
See Notes to Financial Statements.
10
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Corporate Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Corporate Bonds 94.6% | ||||||||
Aerospace/Defense 1.0% | ||||||||
L-3 Communications Corp., 3.950%, 05/28/24 | 207,000 | 198,440 | ||||||
|
| |||||||
Agriculture 1.3% | ||||||||
Japan Tobacco, Inc., 2.100%, 07/23/18(a) | 250,000 | 252,233 | ||||||
|
| |||||||
Airlines 4.2% | ||||||||
American Airlines Pass Through Trust, Series 2013-2, 4.950%, 01/15/23 | 248,199 | 264,953 | ||||||
American Airlines Pass Through Trust, Series 2015-2, 3.600%, 09/22/27 | 128,000 | 128,474 | ||||||
Delta Air Lines Pass Through Trust, Series 2015-1, 3.625%, 07/30/27 | 68,000 | 68,510 | ||||||
Spirit Airlines Pass Through Trust, Series 2015-1, 4.100%, 04/01/28 | 188,000 | 189,410 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl A, 4.000%, 04/11/26 | 155,000 | 158,487 | ||||||
|
| |||||||
809,834 | ||||||||
|
| |||||||
Auto Manufacturers 3.8% | ||||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 387,000 | 411,608 | ||||||
General Motors Co., 5.200%, 04/01/45 | 235,000 | 220,534 | ||||||
Harley-Davidson Financial Services, Inc., 2.150%, 02/26/20(a) | 100,000 | 99,757 | ||||||
|
| |||||||
731,899 | ||||||||
|
| |||||||
Auto Parts & Equipment 2.1% | ||||||||
Lear Corp., 4.750%, 01/15/23 | 135,000 | 132,300 | ||||||
Magna International, Inc., 4.150%, 10/01/25 | 270,000 | 270,023 | ||||||
|
| |||||||
402,323 | ||||||||
|
| |||||||
Banks 13.2% | ||||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 193,000 | 193,507 | ||||||
Citigroup, Inc., 4.450%, 09/29/27 | 319,000 | 317,280 | ||||||
Citigroup, Inc., Series Q, 5.950%(b)(c) | 272,000 | 268,260 | ||||||
Goldman Sachs Group, Inc. (The), Series M, 5.375%(b)(c) | 157,000 | 153,369 | ||||||
ING Bank NV, 1.800%, 03/16/18(a) | 200,000 | 200,289 | ||||||
JPMorgan Chase & Co., 2.250%, 01/23/20 | 224,000 | 222,137 | ||||||
KeyCorp, 2.900%, 09/15/20, MTN | 138,000 | 139,032 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Morgan Stanley, 2.650%, 01/27/20 | 209,000 | 209,988 | ||||||
Morgan Stanley, 3.950%, 04/23/27 | 181,000 | 174,317 | ||||||
Morgan Stanley, 4.300%, 01/27/45 | 75,000 | 71,278 | ||||||
Santander UK Group Holdings PLC, 4.750%, 09/15/25(a) | 290,000 | 287,574 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 276,000 | 280,443 | ||||||
|
| |||||||
2,517,474 | ||||||||
|
| |||||||
Beverages 2.1% | ||||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(a) | 392,000 | 397,267 | ||||||
|
| |||||||
Biotechnology 1.4% | ||||||||
Biogen, Inc., 5.200%, 09/15/45 | 124,000 | 125,122 | ||||||
Celgene Corp., 4.625%, 05/15/44 | 67,000 | 63,568 | ||||||
Celgene Corp., 5.000%, 08/15/45 | 69,000 | 68,441 | ||||||
|
| |||||||
257,131 | ||||||||
|
| |||||||
Commercial Services 4.7% | ||||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(a) | 215,000 | 219,258 | ||||||
ERAC USA Finance LLC, 2.800%, 11/01/18(a) | 353,000 | 361,036 | ||||||
ERAC USA Finance LLC, 4.500%, 02/15/45(a) | 72,000 | 66,586 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(a) | 221,000 | 246,787 | ||||||
|
| |||||||
893,667 | ||||||||
|
| |||||||
Computers 2.4% | ||||||||
Apple, Inc., 2.850%, 05/06/21 | 331,000 | 339,467 | ||||||
Hewlett-Packard Enterprise Co., 6.350%, 10/15/45(a)(d) | 116,000 | 115,921 | ||||||
|
| |||||||
455,388 | ||||||||
|
| |||||||
Diversified Financial Services 5.7% | ||||||||
AerCap Ireland Capital Ltd./AerCap Global Aviation Trust, 2.750%, 05/15/17 | 245,000 | 241,325 | ||||||
Air Lease Corp., 2.625%, 09/04/18 | 348,000 | 347,540 | ||||||
Lazard Group LLC, 3.750%, 02/13/25 | 401,000 | 382,628 | ||||||
TD Ameritrade Holding Corp., 2.950%, 04/01/22 | 115,000 | 115,809 | ||||||
|
| |||||||
1,087,302 | ||||||||
|
| |||||||
Electric 2.6% | ||||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 91,000 | 109,577 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 149,000 | 161,605 |
See Notes to Financial Statements.
11
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Corporate Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Electric—continued | ||||||||
FirstEnergy Transmission LLC, 5.450%, 07/15/44 | 224,000 | 230,807 | ||||||
|
| |||||||
501,989 | ||||||||
|
| |||||||
Food 0.9% | ||||||||
Wesfarmers Ltd., 1.874%, 03/20/18(a) | 171,000 | 171,478 | ||||||
|
| |||||||
Healthcare-Products 1.3% | ||||||||
Becton Dickinson and Co., 4.685%, 12/15/44 | 57,000 | 57,047 | ||||||
Medtronic, Inc., 3.500%, 03/15/25 | 56,000 | 57,139 | ||||||
Medtronic, Inc., 4.625%, 03/15/45 | 128,000 | 131,981 | ||||||
|
| |||||||
246,167 | ||||||||
|
| |||||||
Healthcare-Services 2.2% | ||||||||
Roche Holdings, Inc., 2.250%, 09/30/19(a) | 416,000 | 422,377 | ||||||
|
| |||||||
Insurance 3.8% | ||||||||
American International Group, Inc., 4.800%, 07/10/45 | 116,000 | 118,420 | ||||||
Arch Capital Group US, Inc., 5.144%, 11/01/43 | 210,000 | 216,716 | ||||||
AXIS Specialty Finance PLC, 5.150%, 04/01/45 | 128,000 | 131,946 | ||||||
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(a) | 157,000 | 167,426 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 92,000 | 99,146 | ||||||
|
| |||||||
733,654 | ||||||||
|
| |||||||
Media 1.5% | ||||||||
CCO Safari II LLC, 6.484%, 10/23/45(a) | 138,000 | 139,221 | ||||||
Comcast Corp., 4.650%, 07/15/42 | 92,000 | 94,595 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 3.950%, 01/15/25 | 54,000 | 52,964 | ||||||
|
| |||||||
286,780 | ||||||||
|
| |||||||
Mining 4.1% | ||||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 119,000 | 98,800 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(a) | 354,000 | 315,274 | ||||||
Barrick North America Finance LLC, 5.750%, 05/01/43 | 99,000 | 84,303 | ||||||
BHP Billiton Finance USA Ltd., 5.000%, 09/30/43 | 118,000 | 119,351 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 178,000 | 161,023 | ||||||
|
| |||||||
778,751 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Miscellaneous Manufacturer 2.9% | ||||||||
General Electric Co., 3.375%, 03/11/24 | 253,000 | 262,031 | ||||||
General Electric Co., 4.125%, 10/09/42 | 112,000 | 110,492 | ||||||
General Electric Co., 5.250%, 12/06/17 | 158,000 | 171,180 | ||||||
|
| |||||||
543,703 | ||||||||
|
| |||||||
Oil & Gas 5.7% | ||||||||
Ensco PLC, 4.500%, 10/01/24(e) | 27,000 | 19,946 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 72,000 | 49,809 | ||||||
Exxon Mobil Corp., 1.912%, 03/06/20 | 183,000 | 184,141 | ||||||
Marathon Petroleum Corp., 3.625%, 09/15/24 | 27,000 | 26,093 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 211,000 | 184,386 | ||||||
Shell International Finance BV, 3.250%, 05/11/25 | 244,000 | 241,281 | ||||||
Woodside Finance Ltd., 3.650%, 03/05/25(a) | 96,000 | 86,837 | ||||||
Woodside Finance Ltd., 4.600%, | 277,000 | 288,058 | ||||||
|
| |||||||
1,080,551 | ||||||||
|
| |||||||
Oil & Gas Services 0.2% |
| |||||||
FMC Technologies, Inc., 3.450%, 10/01/22 | 49,000 | 45,800 | ||||||
|
| |||||||
Pharmaceuticals 2.9% |
| |||||||
AbbVie, Inc., 3.600%, 05/14/25 | 188,000 | 185,418 | ||||||
Actavis Funding SCS, 4.750%, 03/15/45 | 86,000 | 78,084 | ||||||
Express Scripts Holding Co., 2.650%, 02/15/17 | 275,000 | 279,528 | ||||||
|
| |||||||
543,030 | ||||||||
|
| |||||||
Pipelines 5.9% |
| |||||||
Boardwalk Pipelines LP, 4.950%, 12/15/24 | 46,000 | 42,608 | ||||||
Columbia Pipeline Group, Inc., 5.800%, 06/01/45(a) | 134,000 | 127,953 | ||||||
Energy Transfer Partners LP, 4.900%, 02/01/24 | 24,000 | 22,882 | ||||||
EnLink Midstream Partners LP, 4.150%, 06/01/25 | 202,000 | 185,297 | ||||||
EnLink Midstream Partners LP, 4.400%, 04/01/24 | 24,000 | 22,849 | ||||||
Enterprise Products Operating LLC, 3.350%, 03/15/23 | 25,000 | 24,164 | ||||||
Enterprise Products Operating LLC, 4.850%, 03/15/44 | 74,000 | 65,969 |
See Notes to Financial Statements.
12
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Corporate Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
Pipelines—continued |
| |||||||
NuStar Logistics LP, 4.800%, 09/01/20 | 300,000 | 286,500 | ||||||
Phillips 66 Partners LP, 3.605%, 02/15/25 | 30,000 | 27,514 | ||||||
Phillips 66 Partners LP, 4.680%, 02/15/45 | 38,000 | 31,286 | ||||||
Western Gas Partners LP, 3.950%, 06/01/25(f) | 193,000 | 180,769 | ||||||
Williams Partners LP/ACMP Finance Corp., 4.875%, 05/15/23 | 116,000 | 107,300 | ||||||
|
| |||||||
1,125,091 | ||||||||
|
| |||||||
Real Estate Investment Trust 3.3% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 190,000 | 183,047 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 215,000 | 225,890 | ||||||
Digital Realty Trust LP, 3.950%, 07/01/22 | 220,000 | 219,756 | ||||||
|
| |||||||
628,693 | ||||||||
|
| |||||||
Retail 3.6% |
| |||||||
CVS Health Corp., 5.125%, 07/20/45 | 120,000 | 128,994 | ||||||
Home Depot, Inc. (The), 2.625%, 06/01/22 | 122,000 | 121,947 | ||||||
Kohl’s Corp., 5.550%, 07/17/45 | 83,000 | 81,310 | ||||||
Wal-Mart Stores, Inc., 1.950%, 12/15/18 | 349,000 | 356,303 | ||||||
|
| |||||||
688,554 | ||||||||
|
| |||||||
Semiconductors 1.7% |
| |||||||
Intel Corp., 4.900%, 07/29/45 | 114,000 | 118,009 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(a)(f) | 200,000 | 198,187 | ||||||
|
| |||||||
316,196 | ||||||||
|
| |||||||
Software 1.4% |
| |||||||
Oracle Corp., 4.125%, 05/15/45 | 278,000 | 262,317 | ||||||
|
| |||||||
Telecommunication Services 7.1% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 210,000 | 212,231 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 37,000 | 31,758 | ||||||
AT&T, Inc., 4.750%, 05/15/46 | 165,000 | 151,189 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 254,000 | 253,108 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 150,000 | 151,881 | ||||||
Verizon Communications, Inc., 5.012%, 08/21/54 | 598,000 | 544,266 | ||||||
|
| |||||||
1,344,433 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Transportation 1.6% |
| |||||||
Burlington Northern Santa Fe LLC, 4.550%, 09/01/44 | 319,000 | 312,890 | ||||||
|
| |||||||
Total Corporate Bonds (Cost $18,343,721) | 18,035,412 | |||||||
|
| |||||||
Money Market Funds 5.3% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(g) | 984,120 | 984,120 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(g)(h) | 20,993 | 20,993 | ||||||
|
| |||||||
Total Money Market Funds | 1,005,113 | |||||||
|
| |||||||
Total Investments | 19,040,525 | |||||||
Other assets in excess of | 24,934 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 19,065,459 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(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 21.8% of net assets as of September 30, 2015. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(c) | Perpetual maturity. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | The security or a partial position of the security was on loan as of September 30, 2015. The total value of securities on loan as of September 30, 2015 was $19,946. |
(f) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(g) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(h) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2015 (See Note 2(k)). |
Investment Abbreviation
MTN — Medium Term Note
See Notes to Financial Statements.
13
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 89.9% | ||||||||
Aerospace 2.9% | ||||||||
Air Canada, 2015 Term Loan B, 4.000%, 09/26/19(a)(b) | 25,782,586 | 25,718,130 | ||||||
AM General LLC, Term Loan B, 10.250%, 03/22/18(b)(c) | 15,465,857 | 12,785,160 | ||||||
American Airlines, Inc., New Term Loan, 3.250%, 06/26/20(a)(b) | 20,604,066 | 20,377,422 | ||||||
BE Aerospace, Inc., 2014 Term Loan B, 4.000%, 12/16/21(a)(b) | 10,329,382 | 10,326,180 | ||||||
DAE Aviation Holdings, Inc., 1st Lien Term Loan, 5.250%, | 2,705,000 | 2,705,000 | ||||||
TASC, Inc., 2014 Term Loan B, | 16,882,068 | 16,882,068 | ||||||
TASC, Inc., 2nd Lien Term Loan, 12.000%, 05/30/21(a)(b) | 8,960,000 | 9,027,200 | ||||||
Transdigm, Inc., 2015 Term Loan E, 3.500%, 05/14/22(a)(b) | 20,561,666 | 20,223,221 | ||||||
Transdigm, Inc., Term Loan C, 3.750%, 02/28/20(a)(b) | 22,391,410 | 22,087,558 | ||||||
Transdigm, Inc., Term Loan D, 3.750%, 06/04/21(a)(b) | 8,922,062 | 8,802,596 | ||||||
US Airways Group, Inc., New Term Loan B1, 3.500%, 05/23/19(a)(b) | 13,650,608 | 13,584,812 | ||||||
WP CPP Holdings, LLC, Term Loan B3, 4.500%, 12/28/19(a)(b) | 6,688,416 | 6,579,729 | ||||||
WP CPP Holdings, LLC, New 2nd Lien Term Loan, 8.750%, | 1,413,475 | 1,378,138 | ||||||
Wyle Services Corp., New Term Loan B, 5.000%, 05/21/21(a)(b) | 4,696,000 | 4,660,780 | ||||||
|
| |||||||
175,137,994 | ||||||||
|
| |||||||
Broadcasting 4.9% | ||||||||
Block Communications, Inc., 2015 Term Loan B, 4.000%, | 3,910,500 | 3,915,388 |
Shares or Principal Amount($) | Value($) | |||||||
Broadcasting—continued |
| |||||||
Cumulus Media Holdings, Inc., 2013 Term Loan, 4.250%, | 24,116,030 | 20,136,885 | ||||||
iHeartCommunications, Inc., Term Loan D, 6.944%, 01/30/19(a)(b) | 87,560,459 | 72,456,280 | ||||||
iHeartCommunications, Inc., USD Extended Term Loan E, 7.694%, 07/30/19(a)(b)(d) | 90,472,285 | 75,318,177 | ||||||
Media General, Inc., Term Loan B, 4.000%, 07/31/20(a)(b) | 14,618,882 | 14,481,903 | ||||||
Sinclair Television Group, Inc., Term Loan B, 3.000%, 04/09/20(a)(b) | 4,626,644 | 4,554,376 | ||||||
Tribune Media Co., Term Loan, 3.750%, 12/27/20(a)(b) | 35,621,304 | 35,280,052 | ||||||
Univision Communications, Inc., Term Loan C3, 4.000%, | 35,209,897 | 34,951,457 | ||||||
Univision Communications, Inc., Term Loan C4, 4.000%, | 32,604,725 | 32,370,297 | ||||||
|
| |||||||
293,464,815 | ||||||||
|
| |||||||
Cable/Wireless Video 7.8% | ||||||||
Cequel Communications LLC, Term Loan B, 3.500%, 02/14/19(a)(b) | 23,688,616 | 23,348,211 | ||||||
Charter Communications Operating LLC, Term Loan E, 3.000%, 07/01/20(a)(b) | 25,568,533 | 25,233,074 | ||||||
Charter Communications Operating LLC, Term Loan F, 3.000%, 01/03/21(a)(b) | 3,871,820 | 3,803,095 | ||||||
Charter Communications Operating LLC, Term Loan H, 3.250%, 08/24/21(a)(b) | 8,760,000 | 8,707,090 | ||||||
Charter Communications Operating LLC, Term Loan I, 3.500%, 01/24/23(a)(b) | 33,290,000 | 33,088,928 | ||||||
CSC Holdings, Inc., 2015 Term Loan B, 09/21/22(a)(d)(e) | 17,935,000 | 17,818,422 |
See Notes to Financial Statements.
14
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Cable/Wireless Video—continued |
| |||||||
CSC Holdings, Inc., New Term Loan B, 2.694%, 04/17/20(a)(b) | 25,082,872 | 24,890,737 | ||||||
Intelsat Jackson Holdings S.A., Term Loan B2, 3.750%, 06/30/19(a)(b) | 40,098,549 | 38,965,765 | ||||||
Liberty Cablevision of Puerto Rico LLC, 2014 1st Lien Term Loan, 4.500%, 01/07/22(a)(b) | 15,060,000 | 14,580,038 | ||||||
Liberty Cablevision of Puerto Rico LLC, 2014 2nd Lien Term Loan, 7.750%, 07/07/23(a)(b) | 5,945,000 | 5,796,375 | ||||||
MCC Iowa LLC, Term Loan H, 3.250%, 01/29/21(a)(b) | 12,309,055 | 12,083,430 | ||||||
MCC Iowa LLC, Term Loan J, 3.750%, 06/30/21(a)(b) | 1,767,625 | 1,758,345 | ||||||
MCC Iowa LLC, Term Loan G, 4.000%, 01/20/20(a)(b) | 24,804,091 | 24,729,678 | ||||||
Quebecor Media, Inc., Term Loan B1, 3.250%, 08/17/20(a)(b) | 32,274,625 | 31,367,063 | ||||||
UPC Financing Partnership, USD Term Loan AH, 3.250%, | 25,166,632 | 24,663,299 | ||||||
Virgin Media Investment Holdings Ltd., USD Term Loan F, 3.500%, 06/30/23(a)(b) | 44,273,621 | 43,582,067 | ||||||
Ziggo Financing Partnership, USD Term Loan B1, 3.500%, | 47,144,174 | 46,224,863 | ||||||
Ziggo Financing Partnership, USD Term Loan B2A, 3.500%, | 30,380,596 | 29,788,174 | ||||||
Ziggo Financing Partnership, USD Term Loan B3, 3.500%, | 49,965,230 | 48,990,908 | ||||||
|
| |||||||
459,419,562 | ||||||||
|
| |||||||
Chemicals 2.8% | ||||||||
Axalta Coating Systems US Holdings, Inc., USD Term Loan, 3.750%, 02/01/20(a)(b) | 10,740,454 | 10,634,983 |
Shares or Principal Amount($) | Value($) | |||||||
Chemicals—continued | ||||||||
Chemours Company (The), Term Loan B, 3.750%, 05/12/22(a)(b) | 10,074,750 | 8,815,406 | ||||||
Gemini HDPE LLC, Term Loan B, 4.750%, 08/07/21(a)(b) | 14,122,486 | 13,910,649 | ||||||
Ineos Group Holdings S.A., US 2020 Term Loan, 3.750%, | 59,383,736 | 57,453,764 | ||||||
Ineos US Finance LLC, 2015 USD Term Loan, 4.250%, | 5,198,862 | 5,036,397 | ||||||
MacDermid, Inc., USD 1st Lien Term Loan, 4.500%, 06/07/20(a)(b) | 11,336,844 | 10,963,635 | ||||||
Minerals Technologies, Inc., 2015 Term Loan B, 3.750%, | 8,704,533 | 8,639,249 | ||||||
Minerals Technologies, Inc., Fixed Rate Term Loan, 4.750%, 05/09/21(a)(b) | 3,580,000 | 3,575,525 | ||||||
Polymer Group, Inc., 1st Lien Term Loan, 5.250%, 12/19/19(a)(b) | 10,220,809 | 10,214,472 | ||||||
Styrolution US Holding LLC, USD Term Loan B, 6.500%, | 23,512,325 | 23,365,373 | ||||||
Trinseo Materials Operating S.C.A., Term Loan B, 4.250%, | 4,403,963 | 4,363,578 | ||||||
Univar Inc., 2015 Term Loan, 4.250%, 07/01/22(a)(b) | 8,950,000 | 8,769,568 | ||||||
|
| |||||||
165,742,599 | ||||||||
|
| |||||||
Consumer Durables 0.1% | ||||||||
Steinway Musical Instruments, Inc., 1st Lien Term Loan, 4.750%, 09/19/19(a)(b) | 5,804,295 | 5,789,784 | ||||||
|
| |||||||
Consumer Non-Durables 0.6% |
| |||||||
Eastman Kodak Co., Exit Term Loan, 7.250%, 09/03/19(a)(b) | 10,850,250 | 10,372,839 | ||||||
Jarden Corp., Add-On Term Loan B1, 2.944%, 09/30/20(a)(b) | 4,373,842 | 4,379,310 | ||||||
Jarden Corp., 2015 Term Loan B2, 2.944%, 07/30/22(a)(b) | 2,000,000 | 1,996,660 |
See Notes to Financial Statements.
15
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Consumer Non-Durables—continued |
| |||||||
Libbey Glass, Inc., Term Loan B, 3.750%, 04/09/21(a)(b) | 6,117,563 | 6,094,622 | ||||||
Party City Holdings, Inc., 2015 Term Loan B, 4.250%, 08/19/22(a)(b) | 7,935,000 | 7,913,179 | ||||||
Spectrum Brands, Inc., USD Term Loan, 3.750%, 06/23/22(a)(b) | 6,363,087 | 6,379,885 | ||||||
|
| |||||||
37,136,495 | ||||||||
|
| |||||||
Diversified Media 6.7% | ||||||||
Affinion Group, Inc., Term Loan B, 6.750%, 04/30/18(a)(b) | 7,775,843 | 7,272,824 | ||||||
ALM Media Holdings, Inc., 1st Lien Term Loan, 5.500%, | 5,211,375 | 5,055,034 | ||||||
AP NMT Acquisition BV, USD 1st Lien Term Loan, 6.750%, | 10,533,277 | 10,158,081 | ||||||
Deluxe Entertainment Services Group, Inc., Term Loan 2014, 6.500%, 02/28/20(a)(b) | 15,875,402 | 14,744,279 | ||||||
Eden Bidco Ltd., USD Term Loan B, 6.000%, 04/28/22(a)(b) | 6,952,575 | 6,923,583 | ||||||
Emerald Expositions Holding, Inc., Term Loan B, 4.750%, | 6,883,217 | 6,848,801 | ||||||
EMI Music Publishing Ltd., 2015 Term Loan, 4.000%, | 3,535,000 | 3,514,674 | ||||||
Harland Clarke Holdings Corp., Extended Term Loan B2, 5.577%, 06/30/17(a)(b) | 29,792,441 | 29,597,002 | ||||||
Harland Clarke Holdings Corp., Term Loan B4, 6.000%, 08/04/19(a)(b) | 32,322,955 | 32,185,583 | ||||||
Harland Clarke Holdings Corp., Term Loan B3, 7.000%, 05/22/18(a)(b) | 95,767,748 | 95,408,619 | ||||||
Houghton Mifflin Harcourt Publishing Co., 2015 Term Loan B, 4.000%, 05/31/21(a)(b) | 3,551,100 | 3,506,711 |
Shares or Principal Amount($) | Value($) | |||||||
Diversified Media—continued |
| |||||||
Learfield Communications, Inc., New 1st Lien Term Loan, 4.500%, 10/09/20(a)(b) | 7,094,194 | 7,079,438 | ||||||
Lions Gate Entertainment Corp., 2015 2nd Lien Term Loan, 5.000%, 03/17/22(a)(b) | 14,085,000 | 14,102,606 | ||||||
Live Nation Entertainment, Inc., 2020 Term Loan B1, 3.500%, | 12,536,372 | 12,489,361 | ||||||
McGraw-Hill Global Education Holdings, LLC, 2015 Term Loan B, 4.750%, 03/22/19(a)(b) | 3,586,810 | 3,588,316 | ||||||
Merrill Communications, LLC, 2015 Term Loan, 6.250%, | 8,707,612 | 8,642,305 | ||||||
Regal Cinemas Corp., 2015 Term Loan, 3.750%, 04/01/22(a)(b) | 8,374,013 | 8,373,929 | ||||||
Rovi Solutions Corp., New Term Loan B, 3.750%, 07/02/21(a)(b) | 7,741,988 | 7,556,180 | ||||||
TWCC Holding Corp., Extended Term Loan, 5.750%, | 7,044,949 | 6,993,873 | ||||||
Village Roadshow Films (BVI) Ltd., Term Loan B, 5.750%, | 25,262,156 | 25,009,535 | ||||||
William Morris Endeavor Entertainment, LLC, 1st Lien Term Loan, 5.250%, 05/06/21(a)(b) | 57,349,062 | 56,990,631 | ||||||
William Morris Endeavor Entertainment, LLC, 2nd Lien Term Loan, 8.250%, | 8,855,000 | 8,390,112 | ||||||
WMG Acquisition Corp., New Term Loan, 3.750%, 07/01/20(a)(b) | 30,179,100 | 29,554,091 | ||||||
|
| |||||||
403,985,568 | ||||||||
|
| |||||||
Energy 5.8% | ||||||||
Alon USA Energy, Inc., Master Limited Partnership Term Loan, 9.250%, 11/26/18(a)(b) | 17,882,705 | 17,703,878 | ||||||
Azure Midstream Energy LLC, Term Loan B, 7.500%, 11/15/18(a)(b) | 7,640,163 | 6,494,139 |
See Notes to Financial Statements.
16
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Energy—continued |
| |||||||
Chief Exploration & Development LLC, 2nd Lien Term Loan, 7.500%, 05/12/21(b)(c) | 10,390,000 | 8,532,787 | ||||||
CITGO Holding, Inc., 2015 Term Loan B, 9.500%, 05/12/18(a)(b)(d) | 42,606,286 | 41,887,518 | ||||||
Citgo Petroleum Corp., New Term Loan B, 4.500%, 07/29/21(a)(b) | 4,768,475 | 4,725,273 | ||||||
CJ Holding Co., Term Loan B1, 6.500%, 03/23/20(a)(b)(d) | 6,139,574 | 4,236,306 | ||||||
Drillships Financing Holding, Inc., Term Loan B1, 6.000%, | 39,022,122 | 22,860,330 | ||||||
EMG Utica LLC, Term Loan, 4.750%, 03/27/20(a)(b) | 21,992,658 | 20,810,553 | ||||||
Energy Transfer Equity, L.P., New Term Loan, 3.250%, | 62,865,000 | 60,552,197 | ||||||
EP Energy LLC, Term Loan B3, 3.500%, 05/24/18(a)(b) | 13,238,964 | 12,295,688 | ||||||
FTS International, Inc., New Term Loan B, 5.750%, 04/16/21(b) | 15,936,000 | 4,828,608 | ||||||
Glenn Pool Oil & Gas Trust, Term Loan, 4.500%, 05/02/16(a)(b) | 7,457,128 | 7,419,843 | ||||||
HGIM Corp., Term Loan B, 5.500%-6.750%, 06/18/20(a)(b) | 25,528,099 | 16,452,860 | ||||||
KCA Deutag US Finance LLC, Term Loan, 6.250%, 05/13/20(a)(b) | 6,191,129 | 4,921,947 | ||||||
MEG Energy Corp., Refinance Term Loan, 3.750%, 03/31/20(a)(b) | 3,322,718 | 3,098,434 | ||||||
Obsidian Holdings LLC, Term Loan A, 6.750%, 11/02/15(b) | 138,127 | 137,436 | ||||||
Obsidian Natural Gas Trust, Term Loan, 7.000%, 11/02/15(a)(b) | 1,426,526 | 1,419,394 | ||||||
Offshore Group Investment Ltd., New Term Loan B, 5.000%, 10/25/17(b)(c) | 16,590,271 | 5,350,362 |
Shares or Principal Amount($) | Value($) | |||||||
Energy—continued | ||||||||
Offshore Group Investment Ltd., Term Loan B, 5.750%, | 6,898,112 | 2,177,803 | ||||||
Osum Productions Corp., Term Loan, 6.500%, 07/28/20(b)(c) | 1,309,212 | 1,060,461 | ||||||
Pacific Drilling SA, Term Loan B, 4.500%, 06/03/18(a)(b) | 7,545,605 | 4,443,833 | ||||||
Petroleum Geo-Services ASA, New Term Loan B, 3.250%, | 7,003,878 | 5,174,115 | ||||||
Philadelphia Energy Solutions LLC, Term Loan B, 6.250%, | 14,792,277 | 14,607,374 | ||||||
Pinnacle Holdco S.A.R.L., Term Loan, 4.750%, 07/30/19(a)(b) | 4,407,070 | 3,959,003 | ||||||
Seadrill Partners Finco LLC, Term Loan B, 4.000%, 02/21/21(a)(b) | 29,051,275 | 17,527,506 | ||||||
Sheridan Investment Partners II L.P., Term Loan B, 4.250%, | 7,015,434 | 5,214,782 | ||||||
Sheridan Investment Partners II L.P., Term Loan A, 4.250%, | 975,898 | 725,414 | ||||||
Sheridan Investment Partners II L.P., Term Loan M, 4.250%, | 363,956 | 270,540 | ||||||
Southcross Holdings Borrower LP, Term Loan B, 6.000%, | 4,394,375 | 3,200,555 | ||||||
Stonewall Gas Gathering LLC, Term Loan B, 8.750%, 01/28/22(a)(b) | 9,978,591 | 9,891,278 | ||||||
Templar Energy LLC, New 2nd Lien Term Loan, 8.500%, | 56,810,000 | 25,091,273 | ||||||
Veresen Midstream Ltd. Partnership, Term Loan B1, 5.250%, | 2,328,300 | 2,310,838 | ||||||
Western Refining, Inc., Term Loan B, 4.250%, 11/12/20(a)(b) | 10,063,531 | 10,006,974 | ||||||
|
| |||||||
349,389,302 | ||||||||
|
|
See Notes to Financial Statements.
17
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Financial 1.5% |
| |||||||
Alliant Holdings I, Inc., 2015 Term Loan B, 4.500%, 08/12/22(a)(b) | 8,743,088 | 8,617,449 | ||||||
American Capital, Ltd., 2017 Term Loan, 3.500%, 08/22/17(a)(b) | 8,506,400 | 8,458,594 | ||||||
Clipper Acquisitions Corp., New Term Loan B, 3.000%, | 2,997,626 | 2,937,673 | ||||||
Duff & Phelps Investment Management Company, 2015 2nd Lien Term Loan, 9.500%, | 2,690,000 | 2,663,100 | ||||||
Grosvenor Capital Management Holdings LLP, New Term Loan B, 3.750%, 01/04/21(a)(b) | 6,751,947 | 6,659,107 | ||||||
Hub International Ltd., Term Loan B, 4.000%, 10/02/20(a)(b) | 10,372,607 | 10,123,042 | ||||||
Hyperion Insurance Group Ltd., 2015 Term Loan B, 5.500%, | 4,368,050 | 4,362,590 | ||||||
Istar Financial, Inc., Add on Term Loan A2, 7.000%, 03/19/17(a)(b) | 3,841,554 | 3,918,385 | ||||||
RCS Capital Corp., 1st Lien Term Loan, 7.500%, 04/29/19(a)(b) | 12,122,563 | 11,213,370 | ||||||
Starwood Property Trust, Inc., Term Loan B, 3.500%, 04/17/20(a)(b) | 11,177,915 | 10,989,344 | ||||||
USI, Inc., Term Loan B, 4.250%, 12/27/19(a)(b) | 12,328,339 | 12,184,467 | ||||||
Victory Capital Management, Inc., Term Loan B, 7.000%, | 5,866,250 | 5,690,263 | ||||||
|
| |||||||
87,817,384 | ||||||||
|
| |||||||
Food and Drug 1.8% |
| |||||||
Albertsons, LLC, Term Loan B3, 5.000%, 08/25/19(a)(b) | 7,375,875 | 7,367,688 | ||||||
Albertsons, LLC, Term Loan B2, 5.375%, 03/21/19(a)(b) | 28,313,401 | 28,301,509 | ||||||
Albertsons, LLC, Term Loan B4, 5.500%, 08/25/21(a)(b) | 2,615,704 | 2,614,082 |
Shares or Principal Amount($) | Value($) | |||||||
Food and Drug—continued |
| |||||||
New Albertson’s, Inc., Revolver, 01/24/19(a)(d)(e) | 10,000,000 | 9,875,000 | ||||||
New Albertson’s, Inc., Term Loan, 4.750%, 06/27/21(a)(b) | 12,345,300 | 12,320,609 | ||||||
Rite Aid Corp., New 2nd Lien Term Loan, 4.875%, 06/21/21(a)(b) | 13,350,000 | 13,350,000 | ||||||
Rite Aid Corp., 2nd Lien Term Loan, 5.750%, 08/21/20(a)(b) | 15,855,000 | 16,013,550 | ||||||
Supervalu, Inc., Refinance Term Loan B, 4.500%, 03/21/19(a)(b) | 19,656,596 | 19,664,852 | ||||||
|
| |||||||
109,507,290 | ||||||||
|
| |||||||
Food/Tobacco 1.1% |
| |||||||
1011778 B.C. UnLtd. Liability Co., 2015 Term Loan B, 3.750%, 12/12/21(a)(b) | 19,111,759 | 19,011,422 | ||||||
Hostess Brands, LLC, 1st Lien Term Loan, 4.500%, 08/03/22(a)(b) | 10,510,000 | 10,513,153 | ||||||
Hostess Brands, LLC, 2nd Lien Term Loan, 8.500%, 08/03/23(a)(b) | 3,545,000 | 3,540,569 | ||||||
JBS USA, LLC, 2015 Term Loan B, 1.500%, 08/06/22(a)(b) | 6,595,000 | 6,592,164 | ||||||
JBS USA, LLC, Incremental Term Loan, 3.750%, 09/18/20(a)(b) | 10,956,400 | 10,892,524 | ||||||
Landry’s, Inc., Term Loan B, 4.000%, 04/24/18(a)(b) | 7,514,709 | 7,509,073 | ||||||
Post Holdings, Inc., Series A Incremental Term Loan, 3.750%, 06/02/21(a)(b) | 4,512,966 | 4,509,582 | ||||||
|
| |||||||
62,568,487 | ||||||||
|
| |||||||
Forest Prod/Containers 2.2% |
| |||||||
Ardagh Holdings USA, Inc., Incremental Term Loan, 4.000%, 12/17/19(a)(b) | 7,244,675 | 7,206,206 | ||||||
Berry Plastics Holding Corporation, Term Loan D, 3.500%, | 70,306,743 | 69,592,427 | ||||||
Caraustar Industries, Inc., Term Loan B, 8.000%, 05/01/19(a)(b) | 9,446,192 | 9,408,407 |
See Notes to Financial Statements.
18
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Forest Prod/Containers—continued |
| |||||||
CD&R Millennium Holdco 6 S.A.R.L., USD 2nd Lien Term Loan, 8.750%, 07/31/22(a)(b) | 3,610,000 | 3,547,944 | ||||||
Onex Wizard US Acquisition, Inc., USD Term Loan, 4.250%, 03/13/22(a)(b) | 3,940,200 | 3,929,522 | ||||||
Owens-Illinois Inc., Term Loan B, 3.500%, 08/06/22(a)(b) | 3,526,163 | 3,534,978 | ||||||
Reynolds Group Holdings, Inc., New Dollar Term Loan, 4.500%, 12/01/18(a)(b) | 21,926,043 | 21,921,000 | ||||||
Signode Industrial Group US, Inc., USD Term Loan B, 3.750%, 05/01/21(a)(b) | 9,356,808 | 9,274,936 | ||||||
|
| |||||||
128,415,420 | ||||||||
|
| |||||||
Gaming/Leisure 7.2% |
| |||||||
Amaya Holdings B.V., 1st Lien Term Loan, 5.000%, 08/01/21(a)(b) | 17,554,114 | 17,246,917 | ||||||
Belmond Interfin Ltd., USD Term Loan B, 4.000%, 03/21/21(a)(b) | 9,741,650 | 9,636,148 | ||||||
Boyd Gaming Corp., Term Loan B, 4.000%, 08/14/20(a)(b) | 5,870,910 | 5,863,571 | ||||||
Caesars Entertainment Operating Co., Term Loan B4, | 4,726,001 | 4,404,633 | ||||||
Caesars Entertainment Operating Co., Term Loan B7, | 18,571,675 | 16,714,508 | ||||||
Caesars Entertainment Operating Company, Extended Term Loan B6, 03/01/17(a)(b)(f) | 78,576,845 | 72,487,139 | ||||||
Caesars Entertainment Resort Properties LLC, Term Loan B, 7.000%, 10/11/20(a)(b) | 46,177,722 | 42,945,282 | ||||||
ClubCorp Club Operations, Inc., 2015 Term Loan, 4.250%, 06/24/20(a)(b) | 4,895,000 | 4,888,881 | ||||||
Diamond Resorts Corp., New Term Loan, 5.500%, 05/09/21(a)(b) | 9,910,200 | 9,873,037 |
Shares or Principal Amount($) | Value($) | |||||||
Gaming/Leisure—continued |
| |||||||
Four Seasons Holdings, Inc., New 1st Lien Term Loan, 3.500%, 06/27/20(a)(b) | 15,154,167 | 15,035,813 | ||||||
Four Seasons Holdings, Inc., 2nd Lien Term Loan, 6.250%, | 6,565,000 | 6,532,175 | ||||||
Global Cash Access, LLC, New Term Loan B, 6.250%, | 8,741,875 | 8,730,948 | ||||||
Hilton Worldwide Finance LLC, USD Term Loan B2, 3.500%, | 113,523,619 | 113,144,450 | ||||||
La Quinta Intermediate Holdings LLC, Term Loan B, 3.750%, 04/14/21(a)(b) | 15,182,636 | 15,030,810 | ||||||
LTF Merger Sub, Inc., Term Loan B, 4.250%, 06/10/22(a)(b) | 10,543,575 | 10,488,643 | ||||||
Mohegan Tribal Gaming Authority, New Term Loan B, 5.500%, 06/15/18(a)(b) | 8,891,625 | 8,844,410 | ||||||
NCL Corp. Ltd., Term Loan B, 4.000%, 11/19/21(a)(b) | 3,796,313 | 3,786,822 | ||||||
Playa Resorts Holding B.V., Term Loan B, 4.000%, 08/09/19(a)(b) | 6,090,700 | 6,056,470 | ||||||
Scientific Games International, Inc., 2014 Term Loan B1, 6.000%, 10/18/20(a)(b) | 56,717,184 | 55,916,904 | ||||||
Shingle Springs Tribal Gaming Authority, Term Loan B, 6.250%, 08/29/19(a)(b) | 4,451,876 | 4,463,006 | ||||||
|
| |||||||
432,090,567 | ||||||||
|
| |||||||
Healthcare 7.3% |
| |||||||
21st Century Oncology Holdings, Inc., Term Loan, 6.500%, | 2,992,500 | 2,835,394 | ||||||
Alere, Inc., 2015 Term Loan A, | 7,070,500 | 7,029,279 | ||||||
Allscripts Healthcare Solutions, Inc., Term Loan A, 5.000%, | 8,341,858 | 8,321,003 |
See Notes to Financial Statements.
19
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Healthcare—continued |
| |||||||
Ardent Legacy Acquisitions, Inc., 2015 Term Loan B, 6.500%, 07/21/21(a)(b) | 4,385,000 | 4,390,481 | ||||||
CDRH Parent, Inc., New 1st Lien Term Loan, 5.250%, | 1,984,962 | 1,972,556 | ||||||
Community Health Care Systems, Inc., New Term Loan A, 2.575%, 01/22/19(a)(b) | 8,750,000 | 8,678,162 | ||||||
Community Health Systems, Inc., Term Loan F, 3.575%, | 29,039,792 | 28,983,745 | ||||||
Community Health Systems, Inc., Term Loan G, 3.750%, | 14,941,951 | 14,909,228 | ||||||
Community Health Systems, Inc., Term Loan H, 4.000%, | 23,914,713 | 23,908,734 | ||||||
Convatec, Inc., USD Term Loan, 4.250%, 06/15/20(a)(b) | 9,815,400 | 9,778,592 | ||||||
DPx Holdings B.V., 2014 USD Incremental Term Loan, 4.250%, 03/11/21(a)(b) | 19,908,000 | 19,522,382 | ||||||
Emdeon Business Services LLC, Term Loan B2, 3.750%, | 6,114,322 | 6,073,540 | ||||||
Endo Luxembourg Finance Co. I S.A R.L., 2015 Term Loan B, 3.750%, 06/11/22(a)(b) | 31,685,000 | 31,556,359 | ||||||
eResearchTechnology, Inc., Term Loan B, 5.500%, 05/08/22(a)(b) | 5,316,675 | 5,290,092 | ||||||
Genoa, a QoL Healthcare Company, LLC, 2nd Lien Term Loan, 8.750%, 04/30/23(a)(b) | 945,000 | 940,275 | ||||||
Grifols Worldwide Operations USA, Inc., USD Term Loan B, 3.194%, 02/27/21(a)(b) | 19,371,973 | 19,357,057 | ||||||
Halyard Health, Inc., Term Loan B, 4.000%, 11/01/21(a)(b) | 5,592,358 | 5,595,154 |
Shares or Principal Amount($) | Value($) | |||||||
Healthcare—continued |
| |||||||
IMS Health, Inc., New USD Term Loan, 3.500%, 03/17/21(a)(b) | 5,989,115 | 5,955,457 | ||||||
Indivior Finance S.A.R.L., USD Term Loan B, 7.000%, 12/19/19(a)(b) | 9,813,397 | 9,224,593 | ||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 11,200,000 | 11,207,056 | ||||||
Kindred Healthcare, Inc., New Term Loan, 4.250%, 04/09/21(a)(b) | 8,684,045 | 8,636,978 | ||||||
Kinetic Concepts, Inc., USD Term Loan E1, 4.500%, 05/04/18(a)(b) | 4,823,182 | 4,807,121 | ||||||
MPH Acquisition Holdings LLC, Term Loan, 3.750%, 03/31/21(a)(b) | 22,460,615 | 22,163,012 | ||||||
P2 Newco Acquisition, Inc., 1st Lien Term Loan, 5.500%, | 12,741,471 | 12,765,425 | ||||||
RCHP, Inc., 1st Lien Term Loan, 5.250%, 04/23/19(a)(b) | 17,610,693 | 17,390,559 | ||||||
RCHP, Inc., 2nd Lien Term Loan, 10.500%, 10/23/19(a)(b) | 1,790,000 | 1,794,475 | ||||||
RPI Finance Trust, Term Loan B4, 3.500%, 11/09/20(a)(b) | 28,077,765 | 27,955,065 | ||||||
Surgical Care Affiliates, Inc., Term Loan B, 4.250%, 03/17/22(a)(b) | 1,990,000 | 1,982,537 | ||||||
Valeant Pharmaceuticals International, Term Loan B F1, 4.000%, 04/01/22(a)(b) | 54,710,075 | 54,088,021 | ||||||
Valeant Pharmaceuticals International, Inc., Series E, Term Loan B, 3.750%, 08/05/20(a)(b) | 28,031,878 | 27,583,368 | ||||||
Valeant Pharmaceuticals International, Inc., Series C2, Term Loan B, 3.750%, | 20,214,218 | 19,882,503 | ||||||
Valeant Pharmaceuticals International, Inc., Series D2, Term Loan B, 3.500%, | 12,648,897 | 12,437,660 | ||||||
|
| |||||||
437,015,863 | ||||||||
|
|
See Notes to Financial Statements.
20
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Housing 1.3% | ||||||||
ABC Supply Co., Inc., Term Loan, 3.500%, 04/16/20(a)(b) | 13,276,362 | 13,154,618 | ||||||
Continental Building Products LLC, 1st Lien Term Loan, 4.000%, 08/28/20(a)(b) | 8,791,417 | 8,736,470 | ||||||
DTZ U.S. Borrower, LLC, 2015 1st Lien Term Loan, 4.250%, | 32,144,338 | 31,772,749 | ||||||
Quikrete Holdings, Inc., 1st Lien Term Loan, 4.000%, | 10,715,492 | 10,639,626 | ||||||
Realogy Corp., New Term Loan B, 3.750%, 03/05/20(a)(b) | 12,540,188 | 12,501,063 | ||||||
|
| |||||||
76,804,526 | ||||||||
|
| |||||||
Information Technology 5.5% |
| |||||||
Active Network, Inc. (The), 1st Lien Term Loan, 5.500%, | 6,617,123 | 6,545,460 | ||||||
Aricent Technologies, 1st Lien Term Loan, 5.500%, 04/14/21(a)(b) | 10,487,334 | 10,398,821 | ||||||
Arris Group, Inc., 2015 Term Loan B, 3.250%, 04/17/20(a)(b) | 9,910,008 | 9,864,620 | ||||||
Avago Technologies Cayman Ltd., USD Term Loan B, 3.750%, 05/06/21(a)(b) | 11,766,331 | 11,749,152 | ||||||
Avaya, Inc., Term Loan B7, 6.250%, 05/29/20(a)(b) | 59,338,598 | 46,358,280 | ||||||
Avaya, Inc., Term Loan B6, 6.500%, 03/30/18(a)(b) | 9,557,913 | 8,291,489 | ||||||
Blackboard, Inc., Term Loan B3, 4.750%, 10/04/18(a)(b) | 9,103,243 | 9,041,796 | ||||||
CDW LLC, New Term Loan, 3.250%, 04/29/20(a)(b) | 19,978,886 | 19,782,694 | ||||||
CompuCom Systems, Inc., Refinance Term Loan B, 4.250%, 05/11/20(a)(b) | 6,671,809 | 5,337,447 | ||||||
Dell International LLC, USD Term Loan B2, 4.000%, 04/29/20(a)(b) | 47,349,054 | 47,082,952 | ||||||
FIDJI Luxembourg (BC4) S.A.R.L., Initial Term Loan, 6.250%, 12/24/20(a)(b) | 3,988,024 | 3,971,394 |
Shares or Principal Amount($) | Value($) | |||||||
Information Technology—continued |
| |||||||
Infor (US), Inc., USD Term Loan B3, 3.750%, 06/03/20(a)(b) | 7,551,377 | 7,289,419 | ||||||
Infor (US), Inc., USD Term Loan B5, 3.750%, 06/03/20(a)(b) | 18,394,959 | 17,777,992 | ||||||
Internap Corp., Term Loan, 6.000%, 11/26/19(a)(b) | 8,010,592 | 7,970,539 | ||||||
iParadigms Holdings, LLC, 1st Lien Term Loan, 5.000%, | 3,212,550 | 3,172,393 | ||||||
IPC Corp., 2015 Term Loan B, 5.500%, 08/06/21(a)(b) | 5,248,625 | 5,174,252 | ||||||
Nuance Communications, Inc., Term Loan C, 2.950%, 08/07/19(a)(b) | 5,082,777 | 5,041,504 | ||||||
Presidio, Inc., Refinance Term Loan, 5.250%, 02/02/22(a)(b) | 10,845,915 | 10,808,605 | ||||||
Riverbed Technology, Inc., Term Loan B, 6.000%, 04/24/22(a)(b) | 12,681,275 | 12,681,275 | ||||||
Semiconductor Components Industries, LLC, Term Loan A, 2.034%, 01/02/18(b)(c) | 33,810,917 | 32,965,644 | ||||||
Sophia, L.P., 2015 Term Loan B, 09/10/22(a)(d)(e) | 5,700,000 | 5,683,983 | ||||||
Southern Graphics, Inc., New Term Loan B, 4.250%, 10/17/19(a)(b) | 6,734,000 | 6,666,660 | ||||||
SS&C Technologies, Inc., 2015 Term Loan B1, 4.000%, 07/08/22(a)(b) | 3,857,489 | 3,859,919 | ||||||
SS&C Technologies, Inc., 2015 Term Loan B2, 4.000%, 07/08/22(a)(b) | 610,224 | 610,609 | ||||||
TTM Technologies, Inc., 1st Lien Term Loan, 6.000%, | 9,770,000 | 9,086,100 | ||||||
Vertafore, Inc., 1st Lien Term Loan, 4.250%, 10/03/19(a)(b) | 4,840,598 | 4,831,546 | ||||||
Zebra Technologies Corp., Term Loan B, 4.750%, 10/27/21(a)(b) | 18,752,318 | 18,837,454 | ||||||
|
| |||||||
330,881,999 | ||||||||
|
|
See Notes to Financial Statements.
21
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Manufacturing 0.7% |
| |||||||
Doosan Infracore International, Inc., Term Loan B, 4.500%, | 6,607,632 | 6,610,407 | ||||||
Dynacast International LLC, Term Loan B, 4.500%, 01/28/22(a)(b) | 6,935,150 | 6,891,805 | ||||||
LTI Holdings, Inc., 2nd Lien Term Loan, 10.250%, 04/16/23(a)(b) | 2,325,000 | 2,262,992 | ||||||
Mirror Bidco Corp., New Term Loan, 4.250%, 12/28/19(a)(b) | 11,646,135 | 11,602,462 | ||||||
Otter Products LLC, 2014 Term Loan, 5.750%, 06/03/20(a)(b) | 6,971,493 | 6,785,563 | ||||||
UTEX Industries, Inc., 1st Lien Term Loan 2014, 5.000%, | 9,553,191 | 8,203,803 | ||||||
|
| |||||||
42,357,032 | ||||||||
|
| |||||||
Metals/Minerals 2.2% |
| |||||||
Atkore International, Inc., 1st Lien Term Loan, 4.500%, | 8,749,250 | 8,333,661 | ||||||
Atkore International, Inc., 2nd Lien Term Loan, 7.750%, | 2,000,000 | 1,837,500 | ||||||
Atlas Iron Ltd., Term Loan B, 8.750%, 12/10/17(b)(c) | 8,763,342 | 2,921,085 | ||||||
FMG Resources (August 2006) Pty Ltd., New Term Loan B, 3.750%, 06/30/19(b) | 115,467,227 | 94,178,534 | ||||||
Novelis, Inc., 2015 Term Loan B, | 26,796,977 | 26,328,030 | ||||||
|
| |||||||
133,598,810 | ||||||||
|
| |||||||
Retail 7.6% |
| |||||||
BJ’s Wholesale Club, Inc., New 2nd Lien Term Loan, 8.500%, 03/26/20(a)(b) | 9,484,201 | 9,369,632 | ||||||
Capital Automotive LP, New Term Loan B, 4.000%, 04/10/19(a)(b) | 36,765,678 | 36,673,763 | ||||||
Capital Automotive LP, New 2nd Lien Term Loan, 6.000%, | 17,805,000 | 17,879,247 |
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued |
| |||||||
CWGS Group, LLC, Term Loan, 5.250%, 02/20/20(a)(b) | 15,359,658 | 15,327,710 | ||||||
Dollar Tree, Inc., Term Loan B1, 3.500%, 07/06/22(a)(b) | 50,105,000 | 50,097,985 | ||||||
Dollar Tree, Inc., Term Loan B2, 4.250%, 07/06/22(a)(b) | 25,055,000 | 25,054,749 | ||||||
HMK Intermediate Holdings LLC, Term Loan, 5.000%, | 8,550,211 | 8,539,523 | ||||||
Hudson’s Bay Co., 2015 Term Loan B, 08/10/22(a)(d)(e) | 31,060,000 | 31,146,968 | ||||||
J Crew Group, Inc., New Term Loan B, 4.000%, | 22,406,073 | 17,296,592 | ||||||
J.C. Penney Corporation, Inc., 1st Lien Term Loan, 6.000%, 05/22/18(a)(b) | 54,432,203 | 54,058,253 | ||||||
Jo-Ann Stores, Inc., Term Loan, 4.000%, 03/16/18(a)(b) | 14,177,323 | 13,929,220 | ||||||
Kate Spade & Co., Term Loan B, 4.000%, 04/09/21(a)(b) | 6,573,600 | 6,512,794 | ||||||
Michaels Stores, Inc., Term Loan B, 3.750%, 01/28/20(a)(b) | 12,438,688 | 12,409,830 | ||||||
Neiman Marcus Group, Inc. (The), 2020 Term Loan, 4.250%, 10/25/20(a)(b) | 13,447,126 | 13,143,355 | ||||||
Petco Animal Supplies, Inc., New Term Loan, 4.000%, | 8,463,083 | 8,447,934 | ||||||
PetSmart, Inc., Term Loan B, 4.250%, 03/11/22(a)(b) | 31,221,750 | 31,140,574 | ||||||
Sears Holding Corporation, Term Loan, 5.500%, 06/30/18(a)(b) | 35,546,032 | 34,912,958 | ||||||
Staples, Inc., Term Loan B, | 10,600,000 | 10,537,778 | ||||||
Toys ‘R’ Us Property Co. I LLC, New Term Loan B, 6.000%, | 30,010,126 | 27,309,215 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B3, 5.250%, | 928,800 | 715,176 |
See Notes to Financial Statements.
22
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued |
| |||||||
Toys ‘R’ Us-Delaware, Inc., FILO Term Loan, 8.250%, | 3,404,464 | 3,387,442 | ||||||
Toys ‘R’ Us-Delaware, Inc., FILO CAD Term Loan, 8.250%, 10/24/19(a)(b) | 2,745,536 | 2,731,808 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B4, 9.750%, 04/24/20(a)(b) | 25,347,031 | 22,210,336 | ||||||
|
| |||||||
452,832,842 | ||||||||
|
| |||||||
Service 7.4% |
| |||||||
4L Holdings LLC, 1st Lien Term Loan, 5.500%-6.750%, | 1,560,813 | 1,482,773 | ||||||
ADS Waste Holdings, Inc., New Term Loan, 3.750%, | 18,194,481 | 17,904,461 | ||||||
Asurion LLC, New Term Loan B2, 4.250%, 07/08/20(a)(b) | 38,376,650 | 35,895,983 | ||||||
Asurion LLC, New Term Loan B1, 5.000%, 05/24/19(a)(b) | 22,072,850 | 21,018,872 | ||||||
Asurion LLC, Term Loan B4, 5.000%, 08/04/22(a)(b) | 45,909,938 | 43,305,926 | ||||||
Asurion LLC, New 2nd Lien Term Loan, 8.500%, 03/03/21(a)(b) | 44,086,489 | 39,501,494 | ||||||
Digital River, Inc., 1st Lien Term Loan, 7.500%, 02/12/21(a)(b) | 5,709,094 | 5,687,685 | ||||||
DigitalGlobe, Inc., New Term Loan B, 3.750%, 01/31/20(a)(b) | 13,134,443 | 13,052,352 | ||||||
Evertec Group, LLC, New Term Loan A, 2.466%, 04/17/18(a)(b) | 16,898,000 | 16,081,320 | ||||||
Evertec Group, LLC, New Term Loan B, 3.250%, 04/17/20(a)(b) | 4,519,508 | 4,364,173 | ||||||
First Data Corp., New 2018 Extended Term Loan, 3.696%, 03/24/18(a)(b) | 83,312,214 | 82,557,405 | ||||||
First Data Corp., New 2018 Term Loan, 3.696%, 09/24/18(a)(b) | 38,273,139 | 37,871,271 | ||||||
First Data Corp., 2015 USD Term Loan, 3.946%, 07/08/22(a)(b) | 4,060,000 | 4,038,685 |
Shares or Principal Amount($) | Value($) | |||||||
Service—continued |
| |||||||
First Data Corp., Extended 2021 Term Loan, 4.196%, | 15,485,325 | 15,446,611 | ||||||
IQOR US, Inc., Term Loan B, 6.000%, 04/01/21(b)(c) | 29,015,957 | 23,502,925 | ||||||
LS Newco Pty Ltd., USD Term Loan B, 5.500%, 05/21/22(a)(b) | 2,106,250 | 2,111,516 | ||||||
PODS, LLC, 1st Lien Term Loan, 4.500%, 02/02/22(a)(b) | 3,507,377 | 3,463,535 | ||||||
PODS, LLC, 2nd Lien Term Loan, 9.250%, 02/02/23(a)(b) | 2,000,000 | 2,010,000 | ||||||
Pre-Paid Legal Services, Inc., 1st Lien Term Loan, 6.500%, | 2,730,381 | 2,737,207 | ||||||
RedTop Luxembourg S.A.R.L., USD 2nd Lien Term Loan, 8.250%, 06/03/21(a)(b) | 5,279,600 | 5,237,786 | ||||||
RedTop Luxembourg S.A.R.L., USD 1st Lien Term Loan, 4.500%, 12/03/20(a)(b) | 6,040,975 | 6,052,332 | ||||||
Sedgwick Claims Management Services, Inc., 1st Lien Term Loan, 3.750%, 03/01/21(a)(b) | 24,822,520 | 24,411,459 | ||||||
Sedgwick Claims Management Services, Inc., 2nd Lien Term Loan, 6.750%, 02/28/22(a)(b) | 9,490,000 | 8,896,875 | ||||||
Spin Holdco, Inc., New Term Loan B, 4.250%, 11/14/19(a)(b) | 8,334,693 | 8,162,831 | ||||||
STG-Fairway Acquisitions, Inc., 2015 1st Lien Term Loan, 6.250%, 06/30/22(a)(b) | 3,294,254 | 3,281,901 | ||||||
TransUnion, LLC, Term Loan B2, 3.500%, 04/09/21(a)(b) | 8,044,167 | 7,953,670 | ||||||
Travelport Finance (Luxembourg) S.A.R.L., 2014 Term Loan B, 5.750%, 09/02/21(a)(b) | 8,833,250 | 8,783,607 | ||||||
|
| |||||||
444,814,655 | ||||||||
|
|
See Notes to Financial Statements.
23
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Telecommunications 6.1% | ||||||||
Altice Financing SA, USD Term Loan, 5.250%, 02/04/22(a)(b) | 4,418,925 | 4,391,307 | ||||||
Altice Financing SA, Delayed Draw Term Loan, 5.500%, | 76,544,353 | 76,391,265 | ||||||
Cincinnati Bell, Inc., New Term Loan B, 4.000%, 09/10/20(a)(b) | 13,449,860 | 13,388,259 | ||||||
Frontier Communications Corp., Unsecured Term Loan, 2.575%, 10/14/16(a)(b) | 3,183,064 | 3,151,234 | ||||||
Integra Telecom, Inc., 2015 1st Lien Term Loan, 5.250%, | 7,868,789 | 7,814,731 | ||||||
Level 3 Financing, Inc., 2015 Term Loan B2, 3.500%, 05/31/22(a)(b) | 1,000,000 | 990,830 | ||||||
Level 3 Financing, Inc., New 2019 Term Loan, 4.000%, | 12,285,000 | 12,272,715 | ||||||
Level 3 Financing, Inc., 2013 Term Loan B, 4.000%, 01/15/20(a)(b) | 94,720,000 | 94,364,800 | ||||||
LTS Buyer LLC, 1st Lien Term Loan, 4.000%, 04/13/20(a)(b) | 23,390,321 | 22,922,514 | ||||||
Numericable Group SA, USD Term Loan B5, 4.000%, 07/31/22(a)(b) | 6,130,000 | 6,004,335 | ||||||
Numericable U.S. LLC, USD Term Loan B2, 4.500%, 05/21/20(a)(b) | 32,594,005 | 32,363,240 | ||||||
Numericable U.S. LLC, USD Term Loan B1, 4.500%, 05/21/20(a)(b) | 37,674,995 | 37,408,256 | ||||||
Telx Group, Inc. (The), 1st Lien Term Loan, 4.500%, 04/09/20(a)(b) | 13,987,938 | 13,929,608 | ||||||
Telx Group, Inc. (The), 2nd Lien Term Loan, 7.500%, | 2,000,000 | 1,999,160 | ||||||
Zayo Group LLC, PIK, Term Loan B, 3.750%, 05/06/21(a)(b) | 40,818,360 | 40,526,100 | ||||||
|
| |||||||
367,918,354 | ||||||||
|
| |||||||
Transportation 1.9% | ||||||||
Chrysler Group LLC, 2018 Term Loan B, 3.250%, 12/31/18(a)(b) | 19,194,573 | 19,002,628 |
Shares or Principal Amount($) | Value($) | |||||||
Transportation—continued |
| |||||||
Chrysler Group LLC, New Term Loan B, 3.500%, 05/24/17(a)(b) | 20,440,426 | 20,328,004 | ||||||
Commercial Barge Line Co., 1st Lien Term Loan, 7.500%, | 12,913,875 | 12,687,882 | ||||||
CS Intermediate Holdco 2 LLC, New Term Loan B, 4.000%, | 6,996,438 | 6,943,964 | ||||||
FPC Holdings, Inc., 1st Lien Term Loan, 5.250%, 11/19/19(a)(b) | 6,051,262 | 5,831,904 | ||||||
MPG Holdco I, Inc., USD Term Loan B, 3.750%, 10/20/21(a)(b) | 6,501,080 | 6,453,687 | ||||||
Navios Maritime Midstream Partners L.P., Term Loan B, 5.500%, 06/18/20(a)(b) | 2,703,225 | 2,682,951 | ||||||
Navios Partners Finance (US), Inc., Term Loan B, 5.250%, | 12,907,372 | 12,802,564 | ||||||
Quality Distribution, Inc., 1st Lien Term Loan, 5.750%, | 5,260,000 | 5,172,316 | ||||||
Tower Automotive Holdings USA LLC, New Term Loan, 4.000%, 04/23/20(a)(b) | 9,815,243 | 9,594,400 | ||||||
Visteon Corp., Delayed Draw Term Loan B, 3.500%, 04/09/21(a)(b) | 7,746,667 | 7,693,447 | ||||||
Wabash National Corp., 2015 Term Loan B, 4.250%, 03/16/22(a)(b) | 6,129,200 | 6,133,061 | ||||||
|
| |||||||
115,326,808 | ||||||||
|
| |||||||
Utility 3.4% | ||||||||
Bronco Midstream Funding LLC, Term Loan B, 5.000%, | 18,940,270 | 17,614,451 | ||||||
Calpine Construction Finance Co., L.P., Original Term Loan B1, 3.000%, 05/03/20(a)(b) | 22,462,950 | 21,856,450 | ||||||
Calpine Construction Finance Co., L.P., Original Term Loan B2, 3.250%, 01/31/22(a)(b) | 12,489,463 | 12,157,119 | ||||||
Calpine Corp., Term Loan B5, 3.500%, 05/27/22(a)(b) | 16,124,588 | 15,846,922 |
See Notes to Financial Statements.
24
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Utility—continued | ||||||||
Calpine Corp., Term Loan B3, 4.000%, 10/09/19(a)(b) | 32,693,277 | 32,597,813 | ||||||
Calpine Corp., Delayed Draw Term Loan, 4.000%, 10/30/20(a)(b) | 9,027,469 | 9,002,102 | ||||||
Empire Generating Co. LLC, Term Loan B, 5.250%, 03/12/21(a)(b) | 15,152,246 | 14,167,350 | ||||||
Empire Generating Co. LLC, Term Loan C, 5.250%, 03/12/21(a)(b) | 1,111,304 | 1,039,070 | ||||||
Green Energy Partners/Stonewall LLC, Term Loan B1, 6.500%, 11/13/21(a)(b) | 4,475,000 | 4,396,687 | ||||||
La Frontera Generation LLC, Term Loan, 4.500%, 09/30/20(a)(b) | 19,480,168 | 17,207,417 | ||||||
Lonestart Generation LLC, Term Loan B, 5.250%, 02/20/21(b)(c) | 6,847,486 | 5,683,413 | ||||||
Longview Power LLC, Term Loan B, 7.000%, 04/13/21(a)(b) | 3,271,800 | 3,239,082 | ||||||
Panda Temple II Power LLC, New Term Loan B, 7.250%, | 4,685,000 | 4,146,225 | ||||||
Power Team Services LLC, 1st Lien Term Loan, 4.250%, | 15,210,728 | 15,007,969 | ||||||
Power Team Services LLC, 2nd Lien Term Loan, 8.250%, | 7,890,000 | 7,495,500 | ||||||
Terra-Gen Finance Company, LLC, Term Loan B, 5.250%, | 3,718,830 | 3,607,265 | ||||||
TPF Generation Holdings LLC, Term Loan B, 4.750%, 12/29/17(a)(b) | 22,409,793 | 21,037,193 | ||||||
|
| |||||||
206,102,028 | ||||||||
|
| |||||||
Wireless Communications 1.2% |
| |||||||
Aircell Business Aviation Services, LLC, Term Loan B2, 7.500%, 03/21/18(a)(b) | 5,430,468 | 5,430,468 | ||||||
Crown Castle Operating Co., Term Loan B2, 3.000%, 01/31/21(a)(b) | 9,056,509 | 9,018,472 |
Shares or Principal Amount($) | Value($) | |||||||
Wireless Communications—continued |
| |||||||
GOGO LLC, Term Loan, 11.250%, 06/21/17(a)(b) | 17,978,516 | 18,607,764 | ||||||
Lightsquared LP, Term Loan B, 01/01/16(b)(c)(f)(g) | 7,236,851 | 11,217,119 | ||||||
NTELOS, Inc., New Term Loan B, 5.750%, 11/09/19(a)(b) | 21,271,502 | 21,205,135 | ||||||
Syniverse Holdings, Inc., Term Loan, 4.000%, 04/23/19(a)(b) | 1,113,013 | 1,001,712 | ||||||
Syniverse Holdings, Inc., Term Loan B, 4.000%, 04/23/19(a)(b) | 8,182,042 | 7,455,886 | ||||||
|
| |||||||
73,936,556 | ||||||||
|
| |||||||
Total Bank Loans | 5,392,054,740 | |||||||
|
| |||||||
Corporate Bonds 5.7% | ||||||||
Auto Manufacturers 0.0%(a)(h) |
| |||||||
General Motors Co. Escrow, | 10,000,000 | — | ||||||
General Motors Co. Escrow, | 10,000,000 | — | ||||||
|
| |||||||
— | ||||||||
|
| |||||||
Chemicals 0.2% | ||||||||
Blue Cube Spinco, Inc., 9.750%, 10/15/23(a)(d) | 5,000,000 | 5,200,000 | ||||||
Blue Cube Spinco, Inc., 10.000%, 10/15/25(a)(d) | 5,000,000 | 5,193,750 | ||||||
|
| |||||||
10,393,750 | ||||||||
|
| |||||||
Commercial Services 0.1% | ||||||||
Harland Clarke Holdings Corp., 9.250%, 03/01/21(a) | 5,330,000 | 4,430,563 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(a) | 3,715,000 | 3,826,450 | ||||||
|
| |||||||
8,257,013 | ||||||||
|
| |||||||
Electric 0.6% | ||||||||
GenOn Energy, Inc., 9.875%, 10/15/20 | 5,000,000 | 4,650,000 | ||||||
Glenn Pool Oil & Gas Trust, 6.000%, 08/02/21(a) | 32,410,552 | 32,410,552 | ||||||
|
| |||||||
37,060,552 | ||||||||
|
| |||||||
Gas 0.2% | ||||||||
Altice US Finance SA, 7.750%, 07/15/25(a) | 10,960,000 | 9,672,200 | ||||||
|
|
See Notes to Financial Statements.
25
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Healthcare-Services 0.4% | ||||||||
Tenet Healthcare Corp., 3.837%, 06/15/20(a)(b) | 2,275,000 | 2,259,359 | ||||||
Tenet Healthcare Corp., 6.750%, 06/15/23 | 8,500,000 | 8,436,250 | ||||||
Tenet Healthcare Corp., 8.125%, 04/01/22 | 10,000,000 | 10,629,000 | ||||||
|
| |||||||
21,324,609 | ||||||||
|
| |||||||
Insurance 0.0%(h) | ||||||||
Wayne Merger Sub LLC, 8.250%, 08/01/23(a) | 3,000,000 | 2,872,500 | ||||||
|
| |||||||
Internet 0.2% | ||||||||
Zayo Group LLC/Zayo Capital, Inc., 6.000%, 04/01/23(a) | 11,100,000 | 10,767,000 | ||||||
|
| |||||||
Media 1.3% | ||||||||
CCO Safari II LLC, 4.464%, | 5,000,000 | 5,002,640 | ||||||
Cequel Communications Holdings I LLC/Cequel Capital Corp., 5.125%, 12/15/21(a) | 3,995,000 | 3,518,097 | ||||||
DISH DBS Corp., 5.000%, 03/15/23 | 25,235,000 | 21,134,312 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 3,590,000 | 3,365,625 | ||||||
iHeartCommunications, Inc., 9.000%, 12/15/19 | 10,353,000 | 8,903,580 | ||||||
Numericable-SFR, 6.000%, | 6,000,000 | 5,782,500 | ||||||
Numericable-SFR, 6.250%, | 6,000,000 | 5,775,000 | ||||||
WideOpenWest Finance LLC/WideOpenWest Capital Corp., 10.250%, 07/15/19 | 14,000,000 | 14,105,000 | ||||||
WideOpenWest Finance LLC/WideOpenWest Capital Corp., 13.375%, 10/15/19 | 9,170,000 | 9,445,100 | ||||||
|
| |||||||
77,031,854 | ||||||||
|
| |||||||
Oil & Gas 0.1% | ||||||||
Citgo Holding, Inc., 10.750%, 02/15/20(a) | 2,400,000 | 2,346,000 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 04/15/20 | 7,800,000 | 2,106,000 | ||||||
SandRidge Energy, Inc., 8.750%, 06/01/20(a) | 2,000,000 | 1,212,500 | ||||||
|
| |||||||
5,664,500 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Pharmaceuticals 0.4% | ||||||||
Valeant Pharmaceuticals International, Inc., 5.375%, 03/15/20(a) | 8,620,000 | 8,377,563 | ||||||
Valeant Pharmaceuticals International, Inc., 5.500%, 03/01/23(a) | 3,000,000 | 2,850,000 | ||||||
Valeant Pharmaceuticals International, Inc., 5.875%, 05/15/23(a) | 5,920,000 | 5,657,300 | ||||||
Valeant Pharmaceuticals International, Inc., 6.125%, 04/15/25(a) | 8,620,000 | 8,210,550 | ||||||
|
| |||||||
25,095,413 | ||||||||
|
| |||||||
Semiconductors 0.1% | ||||||||
Micron Technology, Inc., 5.250%, 08/01/23(a) | 10,000,000 | 9,198,000 | ||||||
|
| |||||||
Software 0.2% | ||||||||
Audatex North America, Inc., 6.125%, 11/01/23(a) | 10,000,000 | 10,050,000 | ||||||
|
| |||||||
Telecommunication Services 1.9% |
| |||||||
Altice Financing SA, 6.500%, 01/15/22(a) | 1,675,000 | 1,617,229 | ||||||
Altice US Finance I Corp., 5.375%, 07/15/23(a) | 9,550,000 | 9,168,000 | ||||||
Altice US Finance II Corp., 7.750%, 07/15/25(a) | 10,960,000 | 9,699,600 | ||||||
B Communications Ltd., 7.375%, 02/15/21(a) | 6,800,000 | 7,174,000 | ||||||
Intelsat Luxembourg SA, 7.750%, 06/01/21 | 10,000,000 | 6,600,000 | ||||||
Level 3 Financing, Inc., 6.125%, 01/15/21 | 3,750,000 | 3,855,038 | ||||||
Neptune Finco Corp., 6.625%, 10/15/25(a)(d) | 1,980,000 | 1,989,900 | ||||||
Neptune Finco Corp., 10.125%, 01/15/23(a)(d) | 2,395,000 | 2,421,944 | ||||||
Neptune Finco Corp., 10.875%, 10/15/25(a)(d) | 2,210,000 | 2,232,100 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28 | 2,000,000 | 1,435,000 | ||||||
Sprint Capital Corp., 8.750%, 03/15/32(k) | 1,700,000 | 1,321,750 | ||||||
Sprint Corp., 7.875%, 09/15/23 | 9,000,000 | 7,284,375 | ||||||
T-Mobile USA, Inc., 6.125%, 01/15/22 | 4,000,000 | 3,860,000 | ||||||
T-Mobile USA, Inc., 6.250%, 04/01/21 | 3,945,000 | 3,931,193 |
See Notes to Financial Statements.
26
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Floating Rate High Income Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
T-Mobile USA, Inc., 6.542%, 04/28/20 | 3,125,000 | 3,175,781 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 5,355,000 | 5,368,387 | ||||||
Trilogy International Partners LLC/Trilogy International Finance, Inc., 10.250%, 08/15/16(a) | 15,033,000 | 14,882,670 | ||||||
Wind Acquisition Finance SA, 7.375%, 04/23/21(a) | 28,500,000 | 28,143,750 | ||||||
|
| |||||||
114,160,717 | ||||||||
|
| |||||||
Total Corporate Bonds | 341,548,108 | |||||||
|
| |||||||
Preferred Stock 0.0%(h) | ||||||||
Banks 0.0%(h) | ||||||||
GMAC Capital Trust I, Series 2, 8.125%(b) | 94,025 | 2,400,458 | ||||||
|
| |||||||
Total Preferred Stock | 2,400,458 | |||||||
|
| |||||||
Common Stocks 0.1%(h) | ||||||||
Energy-Alternate Sources 0.0%(h) |
| |||||||
Aventine Renewable Energy Holdings, Inc.*(c) | 69,037 | 584,260 | ||||||
|
| |||||||
Telecommunication Services 0.1%(h) |
| |||||||
NII Holding, Inc.* | 303,451 | 1,975,466 | ||||||
|
| |||||||
Total Common Stocks | 2,559,726 | |||||||
|
| |||||||
Money Market Fund 4.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(l) | 238,741,608 | 238,741,608 | ||||||
|
| |||||||
Total Money Market Fund | 238,741,608 | |||||||
|
| |||||||
Total Investments |
| 5,977,304,640 | ||||||
Other assets in excess of liabilities — 0.3% | 18,360,396 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 5,995,665,036 | ||||||
|
|
* | 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 90.3% of net assets as of September 30, 2015. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(c) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(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) | Security is in default. |
(g) | Bankrupt issuer. |
(h) | Less than 0.05% of Net Assets. |
(i) | Valued at fair value using procedures approved by the Board of Trustees (See Note 2(a)). Fair valued securities held by the Fund represent 0.0% of net assets as of September 30, 2015. |
(j) | Perpetual maturity. |
(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, 2015. |
Investment Abbreviation
PIK — Payment in-kind
As of September 30, 2015, the Fund had the following unfunded loan commitments:
Borrower | Unfunded Commitments | Unrealized Depreciation | ||||||
Green Energy Partners/Stonewall LLC | $1,000,000 | $(6,047) |
The commitments are available until the maturity date of the respective security.
See Notes to Financial Statements.
27
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Georgia Tax-Exempt Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 97.2% | ||||||||
Alabama 0.5% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 640,000 | 657,882 | ||||||
|
| |||||||
Georgia 91.0% | ||||||||
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/27 | 2,885,000 | 3,329,348 | ||||||
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/29 | 1,690,000 | 1,907,554 | ||||||
Athens-Clarke County Unified Government Development Authority, Catholic Health East, RB, 6.250%, 11/15/32 | 1,425,000 | 1,628,732 | ||||||
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.000%, 01/01/17 | 1,185,000 | 1,252,272 | ||||||
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.500%, 01/01/38, Pre-refunded 01/01/2019 @ 100 | 4,000,000 | 4,585,680 | ||||||
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.625%, 01/01/33, Pre-refunded 01/01/2019 @ 100 | 3,000,000 | 3,451,260 | ||||||
Atlanta Airport Passenger Facility Charge, Series B, RB, 5.000%, 01/01/21 | 2,000,000 | 2,287,300 | ||||||
Atlanta Airport Project, Series B, RB, 5.000%, 01/01/23 | 2,500,000 | 2,841,375 | ||||||
Atlanta Airport Project, Series B, RB, 5.000%, 01/01/42 | 2,235,000 | 2,474,592 | ||||||
Atlanta Development Authority, Series A, RB, 5.000%, 07/01/34 | 1,000,000 | 1,132,700 | ||||||
Atlanta Development Authority, Series A, RB, 5.250%, 07/01/40 | 2,500,000 | 2,860,950 | ||||||
Atlanta GA Water & Wastewater Revenue, RB, 5.000%, 11/01/40 | 4,000,000 | 4,537,240 |
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Barrow County, GO, 5.000%, 10/01/25, Pre-refunded 10/01/2015 @ 100, NATL-RE | 2,000,000 | 2,000,280 | ||||||
Carroll City-County Hospital Authority, Tanner Medical Center, Inc., RB, 5.000%, 07/01/41, Country Guaranteed | 5,250,000 | 5,826,922 | ||||||
Clarke County Hospital Authority, Athens Regional Medical Center, RB, 5.000%, 01/01/32, Country Guaranteed | 1,180,000 | 1,321,447 | ||||||
DeKalb County, Water & Sewerage Revenue, RB, 5.000%, 10/01/16 | 1,320,000 | 1,380,086 | ||||||
DeKalb County, Water & Sewerage Revenue, Series A, RB, 5.000%, 10/01/22 | 1,000,000 | 1,185,990 | ||||||
DeKalb County, Water & Sewerage Revenue, Series A, RB, 5.250%, 10/01/23 | 1,500,000 | 1,782,390 | ||||||
DeKalb County, Water & Sewerage Revenue, Series A, RB, 5.250%, 10/01/36 | 2,000,000 | 2,331,080 | ||||||
DeKalb Private Hospital Authority, Children’s Healthcare of Atlanta, Inc., RB, 5.000%, 11/15/29 | 5,300,000 | 5,950,999 | ||||||
Forsyth County, Series A, GO, 5.000%, 03/01/25, Pre-refunded 03/01/2019 @ 100 | 5,000,000 | 5,678,600 | ||||||
Forsyth County School District, GO, 5.000%, 02/01/20 | 3,385,000 | 3,936,416 | ||||||
Fulton County Development Authority, Georgia Tech Athletic Association, Series A, RB, 5.000%, 10/01/42 | 3,025,000 | 3,348,191 | ||||||
Fulton County Development Authority, Series A, RB, 5.000%, 10/01/22 | 750,000 | 889,208 | ||||||
Fulton County Development Authority, Series A, RB, 5.000%, 05/01/39 | 5,145,000 | 5,806,493 |
See Notes to Financial Statements.
28
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Georgia Tax-Exempt Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Fulton County Development Authority, Robert Woodruff Arts Center, Inc., Series B, RB, 5.250%, 03/15/24 | 1,300,000 | 1,436,487 | ||||||
Fulton County Water & Sewerage Revenue, RB, 5.000%, 01/01/18 | 1,600,000 | 1,751,984 | ||||||
Georgia State, Series A, GO, 5.000%, 02/01/28 | 2,000,000 | 2,452,560 | ||||||
Georgia State, Series B, GO, 5.000%, 10/01/16 | 2,000,000 | 2,094,560 | ||||||
Georgia State, Series E, GO, 5.000%, 08/01/22, Pre-refunded 08/01/2017 @ 100 | 1,450,000 | 1,566,305 | ||||||
Georgia State, Series H, GO, 5.000%, 12/01/16 | 1,500,000 | 1,581,900 | ||||||
Greene County Development Authority, RB, 5.000%, 11/15/37 | 2,955,000 | 3,279,459 | ||||||
Gwinnett County School District, GO, 5.000%, 02/01/20, Pre-refunded 02/01/2018 @ 100 | 1,635,000 | 1,797,061 | ||||||
Gwinnett County Water & Sewerage Authority, RB, 5.000%, 08/01/25, Country Guaranteed | 3,000,000 | 3,543,660 | ||||||
Habersham County School District, GO, 5.000%, 04/01/21, Pre-refunded 04/01/2016 @ 100, NATL-RE State Aid Withholding | 2,655,000 | 2,718,800 | ||||||
Henry County Water & Sewerage Authority, RB, 6.150%, 02/01/20, AMBAC | 2,100,000 | 2,491,209 | ||||||
Lawrenceville Building Authority, RB, 5.000%, 04/01/30, MUN GOVT GTD | 500,000 | 581,700 | ||||||
Lawrenceville Building Authority, RB, 5.000%, 04/01/33, MUN GOVT GTD | 2,675,000 | 3,073,949 | ||||||
Municipal Electric Authority of Georgia, RB, 5.000%, 01/01/30 | 1,000,000 | 1,139,930 | ||||||
Municipal Electric Authority of Georgia, Series A, RB, 5.000%, 01/01/21 | 3,845,000 | 4,486,231 |
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Municipal Electric Authority of Georgia, Series D, RB, 5.750%, 01/01/19 | 1,290,000 | 1,459,222 | ||||||
Private Colleges & Universities Authority, Emory University, Series A, RB, 5.000%, 10/01/43 | 6,345,000 | 7,107,669 | ||||||
Private Colleges & Universities Authority, Emory University, Series C, RB, 5.250%, 09/01/39 | 2,000,000 | 2,244,080 | ||||||
Private Colleges & Universities Authority, Savannah College Of Art & Design, RB, 5.000%, 04/01/30 | 1,000,000 | 1,111,820 | ||||||
Private Colleges & Universities Authority, Savannah College Of Art & Design, RB, 5.000%, 04/01/44 | 3,500,000 | 3,750,180 | ||||||
Richmond County Board of Education, GO, 5.000%, 10/01/15, State Aid Withholding | 1,985,000 | 1,985,278 | ||||||
Thomasville Hospital Authority, John D. Archhold Memorial Hospital, RB, 5.375%, 11/01/40 | 2,510,000 | 2,797,972 | ||||||
|
| |||||||
128,179,121 | ||||||||
|
| |||||||
Guam 0.3% | ||||||||
Territory of Guam, Series D, RB, 5.000%, 11/15/39 | 350,000 | 383,471 | ||||||
|
| |||||||
North Carolina 3.7% | ||||||||
North Carolina Capital Facilities Finance Agency, Educational Facilities, RB, 5.000%, 05/01/32 | 1,700,000 | 1,824,746 | ||||||
North Carolina Eastern Municipal Power Agency, Series B, RB, 6.250%, 01/01/23 | 680,000 | 880,573 | ||||||
North Carolina State, RB, 5.000%, 03/01/27 | 2,155,000 | 2,526,306 | ||||||
|
| |||||||
5,231,625 | ||||||||
|
| |||||||
South Carolina 1.7% | ||||||||
South Carolina State Public Service Authority, Series A, RB, 5.750%, 12/01/43 | 2,000,000 | 2,371,900 | ||||||
|
| |||||||
Total Municipal Bonds | 136,823,999 | |||||||
|
|
See Notes to Financial Statements.
29
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Georgia Tax-Exempt Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 1.7% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(b) | 2,365,530 | 2,365,530 | ||||||
|
| |||||||
Total Money Market Fund | 2,365,530 | |||||||
|
| |||||||
Total Investments | 139,189,529 | |||||||
Other assets in excess of liabilities — 1.1% | 1,604,805 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 140,794,334 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2015. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
Investment Abbreviations
AMBAC | — | Security guaranteed by American Municipal Bond Assurance Corporation | ||
GO | — | General Obligation | ||
MUN GOVT GTD | — | Security guaranteed by Municipal Government Guaranteed Program | ||
NATL-RE | — | Reinsurance provided by National Public Finance Guarantee Corporation | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
30
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Grade Municipal Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 84.0% | ||||||||
Alabama 4.8% | ||||||||
Baldwin County Board of Education, RB, 5.000%, 06/01/32 | 1,000,000 | 1,153,180 | ||||||
Birmingham, Series A, GO, 0.000%, 03/01/37(a) | 2,000,000 | 2,024,960 | ||||||
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, Pre-refunded 06/01/2019 @ 100, AGC | 2,000,000 | 2,346,840 | ||||||
|
| |||||||
5,524,980 | ||||||||
|
| |||||||
Alaska 2.0% |
| |||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, Pre-refunded 09/01/2019 @ 100, AGC | 1,270,000 | 1,507,147 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC | 730,000 | 856,349 | ||||||
|
| |||||||
2,363,496 | ||||||||
|
| |||||||
California 11.4% |
| |||||||
California Municipal Finance Authority, Series A, RB, 5.000%, 06/01/50 | 1,750,000 | 1,876,035 | ||||||
California State, GO, 5.000%, 08/01/35 | 1,000,000 | 1,159,980 | ||||||
California State, GO, 5.000%, 03/01/45 | 2,000,000 | 2,266,360 | ||||||
California State, GO, 5.000%, 08/01/45 | 2,000,000 | 2,276,300 | ||||||
California State, GO, 6.500%, | 2,000,000 | 2,373,900 | ||||||
Midpeninsula Regional Open Space District, Series A, GO, 4.000%, 09/01/40 | 2,000,000 | 2,071,260 | ||||||
San Francisco Bay Area Rapid Transit District, Series D, GO, 5.000%, 08/01/32(c) | 1,000,000 | 1,200,350 | ||||||
|
| |||||||
13,224,185 | ||||||||
|
| |||||||
District of Columbia 2.0% |
| |||||||
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30(b) | 2,000,000 | 2,326,380 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Florida 12.4% |
| |||||||
Florida State, Series D, GO, 5.000%, 06/01/18 | 3,000,000 | 3,336,600 | ||||||
Lake County School Board, Series A, COP, 5.000%, 06/01/29, AGM | 1,000,000 | 1,145,070 | ||||||
Miami-Dade County School Board Foundation, Inc., Series A, COP, 5.000%, 05/01/25 | 1,000,000 | 1,195,920 | ||||||
Miami-Dade County School Board Foundation, Inc., Series A, COP, 5.000%, 05/01/32 | 5,000,000 | 5,593,200 | ||||||
Orlando FL Contract Tourist DE, Series A, RB, 5.250%, 11/01/32 | 1,000,000 | 1,176,630 | ||||||
Polk County Public Facilities, RB, 5.000%, 12/01/28 | 1,595,000 | 1,871,924 | ||||||
|
| |||||||
14,319,344 | ||||||||
|
| |||||||
Georgia 6.2% |
| |||||||
Fulton County Development Authority, Georgia Tech Athletic Association, RB, 5.750%, 10/01/36 | 1,250,000 | 1,458,525 | ||||||
Gwinnett County School District, GO, 5.000%, 02/01/35 | 2,000,000 | 2,374,060 | ||||||
Lawrenceville Building Authority, RB, 5.000%, 04/01/35, MUN GOVT GTD | 1,000,000 | 1,138,580 | ||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/31 | 1,000,000 | 1,107,170 | ||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/33 | 1,000,000 | 1,097,920 | ||||||
|
| |||||||
7,176,255 | ||||||||
|
| |||||||
Guam 0.9% |
| |||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/31 | 1,000,000 | 1,102,800 | ||||||
|
| |||||||
Hawaii 1.2% |
| |||||||
University of Hawaii, Series E, RB, 5.000%, 10/01/32(c) | 1,205,000 | 1,344,780 | ||||||
|
| |||||||
Idaho 2.5% |
| |||||||
Idaho Health Facilities Authority, Series A, RB, 6.750%, 11/01/37(b) | 2,500,000 | 2,847,175 | ||||||
|
|
See Notes to Financial Statements.
31
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Grade Municipal Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Illinois 1.0% |
| |||||||
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38, Pre-refunded 04/01/2019 @ 100 | 1,000,000 | 1,160,300 | ||||||
|
| |||||||
Kansas 1.5% |
| |||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(b) | 1,500,000 | 1,710,750 | ||||||
|
| |||||||
Maine 2.5% |
| |||||||
Maine State Turnpike Authority, RB, 6.000%, 07/01/38, Pre-refunded 07/01/2019 @ 100(b) | 2,500,000 | 2,954,150 | ||||||
|
| |||||||
Massachusetts 4.0% | ||||||||
Commonwealth of Massachusetts, Series A, GO, 5.000%, 04/01/25 | 1,500,000 | 1,766,535 | ||||||
Massachusetts State, Series C, GO, 5.000%, 07/01/40 | 1,000,000 | 1,151,540 | ||||||
Massachusetts State, Series C, GO, 5.000%, 07/01/45 | 1,465,000 | 1,676,429 | ||||||
|
| |||||||
4,594,504 | ||||||||
|
| |||||||
Michigan 1.0% |
| |||||||
Michigan State Building Authority, Series I, RB, 5.000%, 04/15/38 | 1,000,000 | 1,123,360 | ||||||
|
| |||||||
New Jersey 1.8% |
| |||||||
New Jersey State Transportation Trust Fund Authority, Transportation System, Series A, RB, 6.000%, 12/15/38(b) | 1,955,000 | 2,127,392 | ||||||
|
| |||||||
New York 4.4% |
| |||||||
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC | 1,000,000 | 1,126,080 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 02/01/34 | 1,000,000 | 1,152,960 |
Shares or Principal Amount($) | Value($) | |||||||
New York—continued |
| |||||||
Port Authority of New York & New Jersey, RB, 5.000%, 09/01/39 | 2,500,000 | 2,834,275 | ||||||
|
| |||||||
5,113,315 | ||||||||
|
| |||||||
North Carolina 1.1% |
| |||||||
University of North Carolina at Charlotte, RB, 5.000%, 04/01/40 | 1,100,000 | 1,239,040 | ||||||
|
| |||||||
Oregon 2.3% |
| |||||||
Multnomah County School District No 7 Reynolds, Series A, GO, 5.000%, 06/15/30, SCH BD GTY | 2,250,000 | 2,691,405 | ||||||
|
| |||||||
South Carolina 4.5% | ||||||||
Charleston Waterworks & Sewer System Revenue, RB, 5.000%, 01/01/45 | 4,500,000 | 5,175,180 | ||||||
|
| |||||||
Texas 14.9% | ||||||||
Arlington Higher Education Finance Corp., Series A, RB, 5.000%, 08/15/39, PSF-GTD | 1,000,000 | 1,125,730 | ||||||
Austin, GO, 5.000%, 09/01/34(c) | 1,000,000 | 1,172,350 | ||||||
Dallas Independent School District, GO, 6.375%, 02/15/34, Pre-refunded 02/15/2018 @ 100, PSF-GTD(b) | 4,000,000 | 4,529,640 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 5.000%, 07/01/35 | 2,000,000 | 2,082,920 | ||||||
Spring Branch Independent School District, Series B, GO, 5.000%, 02/01/20, PSF-GTD | 2,000,000 | 2,312,860 | ||||||
Texas State, Series C, GO, 5.250%, 08/01/16 | 2,500,000 | 2,605,375 | ||||||
United Independent School District, GO, 5.000%, 08/15/44, PSF-GTD(b) | 3,000,000 | 3,399,360 | ||||||
|
| |||||||
17,228,235 | ||||||||
|
| |||||||
Washington 1.6% |
| |||||||
Seattle Washington Municipal Light & Power, RB, 5.750%, 04/01/29, | 1,635,000 | 1,857,425 | ||||||
|
| |||||||
Total Municipal Bonds | 97,204,451 | |||||||
|
|
See Notes to Financial Statements.
32
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Grade Municipal Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 16.7% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(d) | 19,290,278 | 19,290,278 | ||||||
|
| |||||||
Total Money Market Fund | 19,290,278 | |||||||
|
| |||||||
Total Investments | 116,494,729 | |||||||
Liabilities in excess of other | (838,271 | ) | ||||||
|
| |||||||
Net Assets — 100.0% |
| $ | 115,656,458 | |||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2015. |
(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, 2015. |
Investment Abbreviations
AGC | — | Security guaranteed by Assured Guaranty Corporation | ||
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
BHAC | — | Security guaranteed by Berkshire Hathaway Assurance Corporation | ||
COP | — | Certificate of Participation | ||
GO | — | General Obligation | ||
MUN GOVT GTD | — | Security guaranteed by Municipal Government Guaranteed Program | ||
PSF-GTD | — | Security guaranteed by Permanent School Fund Guarantee Program | ||
RB | — | Revenue Bond | ||
SCH BD GTY | — | School Bond Guaranty Program |
See Notes to Financial Statements.
33
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund†
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 3.8% | ||||||||
Broadcasting 0.5% | ||||||||
iHeartCommunications, Inc., Term Loan D, 6.944%, 01/30/19(a)(b) | 4,620,000 | 3,823,050 | ||||||
|
| |||||||
Energy 0.9% | ||||||||
Azure Midstream Energy LLC, Term Loan B, 7.500%, 11/15/18(a)(b) | 1,546,927 | 1,314,888 | ||||||
CITGO Holding, Inc., 2015 Term Loan B, 9.500%, 05/12/18(a)(b) | 2,319,360 | 2,280,232 | ||||||
Templar Energy LLC, New 2nd Lien Term Loan, 8.500%, 11/25/20(a)(b) | 6,572,409 | 2,902,836 | ||||||
|
| |||||||
6,497,956 | ||||||||
|
| |||||||
Healthcare 0.3% | ||||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 1,925,000 | 1,926,213 | ||||||
|
| |||||||
Metals/Minerals 0.5% | ||||||||
FMG Resources (August 2006) Pty Ltd., New Term Loan B, 3.750%, | 4,555,139 | 3,715,308 | ||||||
|
| |||||||
Retail 1.1% | ||||||||
J.C. Penney Corporation, Inc., 1st Lien Term Loan, 6.000%, 05/22/18(a)(b) | 2,133,239 | 2,118,584 | ||||||
Sears Holding Corporation, Term Loan, 5.500%, 06/30/18(a)(b) | 3,943,970 | 3,873,728 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B4, 9.750%, 04/24/20(a)(b) | 2,558,270 | 2,241,684 | ||||||
|
| |||||||
8,233,996 | ||||||||
|
| |||||||
Service 0.5% | ||||||||
Asurion LLC, New 2nd Lien Term Loan, 8.500%, 03/03/21(a)(b) | 4,360,000 | 3,906,560 | ||||||
|
| |||||||
Total Bank Loans | 28,103,083 | |||||||
|
| |||||||
Corporate Bonds 87.1% | ||||||||
Aerospace/Defense 1.4% | ||||||||
TransDigm, Inc., 6.000%, 07/15/22 | 4,070,000 | 3,795,275 | ||||||
TransDigm, Inc., 6.500%, 07/15/24 | 4,070,000 | 3,825,189 |
Shares or Principal Amount($) | Value($) | |||||||
Aerospace/Defense—continued |
| |||||||
Triumph Group, Inc., 5.250%, 06/01/22 | 2,930,000 | 2,695,600 | ||||||
|
| |||||||
10,316,064 | ||||||||
|
| |||||||
Airlines 1.4% | ||||||||
Air Canada, 8.750%, 04/01/20(a) | 1,710,000 | 1,866,038 | ||||||
American Airlines Pass Through Trust, Series 2013-2, Cl B, 5.600%, | 3,693,691 | 3,767,565 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl B, 4.750%, 04/11/22 | 2,494,000 | 2,494,000 | ||||||
VistaJet Malta Finance PLC/VistaJet Co. Finance LLC, 7.750%, 06/01/20(a) | 2,220,000 | 2,009,100 | ||||||
|
| |||||||
10,136,703 | ||||||||
|
| |||||||
Auto Manufacturers 0.0%(a)(c) | ||||||||
General Motors Co. Escrow, | 17,182,000 | — | ||||||
General Motors Co. Escrow, | 36,800,000 | — | ||||||
|
| |||||||
— | ||||||||
|
| |||||||
Banks 1.2% | ||||||||
CIT Group, Inc., 5.375%, 05/15/20 | 5,700,000 | 5,970,750 | ||||||
Provident Funding Associates LP/PFG Finance Corp., 6.750%, 06/15/21(a) | 3,000,000 | 2,842,500 | ||||||
|
| |||||||
8,813,250 | ||||||||
|
| |||||||
Building Materials 1.0% | ||||||||
Building Materials Corp. of America, 6.000%, 10/15/25(a)(i) | 1,482,000 | 1,496,820 | ||||||
Cemex Finance LLC, 9.375%, | 1,570,000 | 1,670,009 | ||||||
Cemex SAB de CV, 7.250%, 01/15/21(a) | 945,000 | 942,638 | ||||||
US Concrete, Inc., 8.500%, 12/01/18 | 1,330,000 | 1,391,512 | ||||||
USG Corp., 5.875%, 11/01/21(a) | 1,730,000 | �� | 1,794,875 | |||||
|
| |||||||
7,295,854 | ||||||||
|
| |||||||
Chemicals 1.6% | ||||||||
Blue Cube Spinco, Inc., 9.750%, 10/15/23(a)(i) | 2,543,000 | 2,644,720 | ||||||
Blue Cube Spinco, Inc., 10.000%, 10/15/25(a)(i) | 2,543,000 | 2,641,541 |
See Notes to Financial Statements.
34
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Chemicals—continued |
| |||||||
Chemours Co. (The), 7.000%, | 4,455,000 | 2,929,163 | ||||||
Nufarm Australia Ltd., 6.375%, | 1,685,000 | 1,676,575 | ||||||
Univar, Inc., 6.750%, 07/15/23(a)(d) | 2,070,000 | 1,919,925 | ||||||
|
| |||||||
11,811,924 | ||||||||
|
| |||||||
Coal 0.5% | ||||||||
CONSOL Energy, Inc., 5.875%, 04/15/22 | 5,900,000 | 3,967,750 | ||||||
|
| |||||||
Commercial Services 5.5% | ||||||||
Cenveo Corp., 6.000%, 08/01/19(a) | 3,620,000 | 3,040,800 | ||||||
Cenveo Corp., 11.500%, 05/15/17(d) | 1,575,000 | 1,456,875 | ||||||
Harland Clarke Holdings Corp., 6.875%, 03/01/20(a)(j) | 1,680,000 | 1,512,000 | ||||||
Harland Clarke Holdings Corp., 9.250%, 03/01/21(a)(j) | 5,465,000 | 4,542,781 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(a)(j) | 7,912,000 | 8,149,360 | ||||||
Hertz Corp. (The), 5.875%, 10/15/20(d) | 3,030,000 | 2,995,155 | ||||||
Hertz Corp. (The), 6.750%, 04/15/19 | 3,074,000 | 3,127,795 | ||||||
Prospect Medical Holdings, Inc., 8.375%, 05/01/19(a) | 4,577,000 | 4,782,965 | ||||||
Quad/Graphics, Inc., 7.000%, 05/01/22 | 3,980,000 | 3,562,100 | ||||||
TMS International Corp., 7.625%, 10/15/21(a) | 4,350,000 | 4,045,500 | ||||||
United Rentals North America, Inc., 5.750%, 11/15/24 | 1,920,000 | 1,838,400 | ||||||
United Rentals North America, Inc., 7.625%, 04/15/22 | 1,465,000 | 1,552,900 | ||||||
|
| |||||||
40,606,631 | ||||||||
|
| |||||||
Computers 0.4% | ||||||||
Project Homestake Merger Corp., 8.875%, 03/01/23(a) | 2,955,000 | 2,689,050 | ||||||
|
| |||||||
Diversified Financial Services 7.4% |
| |||||||
Alliance Data Systems Corp., 5.375%, 08/01/22(a) | 2,990,000 | 2,915,250 | ||||||
Ally Financial, Inc., 4.125%, 03/30/20 | 2,405,000 | 2,377,944 | ||||||
Ally Financial, Inc., 5.125%, 09/30/24 | 2,120,000 | 2,093,500 |
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services—continued |
| |||||||
Ally Financial, Inc., 7.500%, 09/15/20 | 3,709,000 | 4,209,715 | ||||||
Ally Financial, Inc., 8.000%, 03/15/20 | 619,000 | 711,850 | ||||||
Ally Financial, Inc., 8.000%, 11/01/31 | 1,560,000 | 1,807,166 | ||||||
DFC Finance Corp., 10.500%, | 4,350,000 | 2,555,625 | ||||||
Enova International, Inc., 9.750%, 06/01/21 | 1,585,000 | 1,283,850 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.000%, 08/01/20 | 4,700,000 | 4,829,250 | ||||||
International Lease Finance Corp., 6.250%, 05/15/19 | 2,450,000 | 2,609,250 | ||||||
International Lease Finance Corp., 8.250%, 12/15/20 | 7,725,000 | 9,038,250 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.375%, 04/01/20(a) | 2,960,000 | 2,852,848 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 07/01/21 | 3,171,000 | 2,631,930 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 7.875%, 10/01/20(d) | 2,475,000 | 2,252,250 | ||||||
Navient Corp., 4.875%, 06/17/19, MTN | 2,600,000 | 2,366,000 | ||||||
Navient Corp., 5.000%, 10/26/20 | 2,010,000 | 1,684,983 | ||||||
NewStar Financial, Inc., 7.250%, 05/01/20(a) | 2,630,000 | 2,616,850 | ||||||
Quicken Loans, Inc., 5.750%, | 3,015,000 | 2,830,331 | ||||||
Walter Investment Management Corp., 7.875%, 12/15/21(d) | 2,640,000 | 2,257,200 | ||||||
|
| |||||||
53,924,042 | ||||||||
|
| |||||||
Electric 2.4% | ||||||||
Dynegy, Inc., 5.875%, 06/01/23 | 1,495,000 | 1,401,563 | ||||||
Dynegy, Inc., 6.750%, 11/01/19 | 3,845,000 | 3,854,613 | ||||||
Dynegy, Inc., 7.375%, 11/01/22 | 2,415,000 | 2,436,131 | ||||||
GenOn Energy, Inc., 9.500%, 10/15/18 | 4,720,000 | 4,366,000 | ||||||
GenOn Energy, Inc., 9.875%, 10/15/20 | 1,010,000 | 939,300 | ||||||
NRG Energy, Inc., 6.250%, 05/01/24 | 4,855,000 | 4,284,537 | ||||||
|
| |||||||
17,282,144 | ||||||||
|
|
See Notes to Financial Statements.
35
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Electronics 0.2% | ||||||||
Allegion PLC, 5.875%, 09/15/23 | 1,743,000 | 1,786,575 | ||||||
|
| |||||||
Engineering & Construction 0.7% |
| |||||||
Aguila 3 SA, 7.875%, 01/31/18(a) | 5,000,000 | 5,037,500 | ||||||
|
| |||||||
Entertainment 1.2% | ||||||||
Gibson Brands, Inc., 8.875%, | 2,647,000 | 2,335,978 | ||||||
Greektown Holdings LLC/Greektown Mothership Corp., 8.875%, | 3,975,000 | 4,074,375 | ||||||
WMG Acquisition Corp., 5.625%, 04/15/22(a) | 2,378,000 | 2,306,660 | ||||||
|
| |||||||
8,717,013 | ||||||||
|
| |||||||
Food 2.8% | ||||||||
JBS USA LLC/JBS USA Finance, Inc., 5.750%, 06/15/25(a) | 2,720,000 | 2,502,400 | ||||||
Pilgrim’s Pride Corp., 5.750%, | 2,015,000 | 1,979,737 | ||||||
Post Holdings, Inc., 7.375%, 02/15/22 | 5,125,000 | 5,201,875 | ||||||
Post Holdings, Inc., 8.000%, | 8,345,000 | 8,595,350 | ||||||
SUPERVALU, Inc., 7.750%, 11/15/22(d) | 2,615,000 | 2,615,000 | ||||||
|
| |||||||
20,894,362 | ||||||||
|
| |||||||
Forest Products & Paper 0.4% |
| |||||||
Resolute Forest Products, Inc., 5.875%, 05/15/23 | 3,984,000 | 2,968,080 | ||||||
|
| |||||||
Gas 1.1% | ||||||||
Altice US Finance SA, 7.750%, | 6,975,000 | 6,155,438 | ||||||
NGL Energy Partners LP/NGL Energy Finance Corp., 5.125%, 07/15/19 | 2,087,000 | 1,899,170 | ||||||
|
| |||||||
8,054,608 | ||||||||
|
| |||||||
Healthcare-Products 0.6% |
| |||||||
Hologic, Inc., 5.250%, 07/15/22(a) | 787,000 | 794,870 | ||||||
Kinetic Concepts, Inc./KCI USA, Inc., 10.500%, 11/01/18 | 1,355,000 | 1,418,346 | ||||||
Teleflex, Inc., 5.250%, 06/15/24 | 2,248,000 | 2,259,240 | ||||||
|
| |||||||
4,472,456 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Healthcare-Services 4.3% |
| |||||||
21st Century Oncology, Inc., 11.000%, 05/01/23(a)(d) | 1,075,000 | 1,005,125 | ||||||
CHS/Community Health Systems, Inc., 6.875%, 02/01/22 | 2,145,000 | 2,190,495 | ||||||
HCA Holdings, Inc., 6.250%, 02/15/21 | 4,230,000 | 4,504,950 | ||||||
HCA, Inc., 6.500%, 02/15/20 | 1,215,000 | 1,324,350 | ||||||
MedImpact Holdings, Inc., 10.500%, 02/01/18(a) | 4,240,000 | 4,473,200 | ||||||
Tenet Healthcare Corp., 6.000%, 10/01/20 | 4,305,000 | 4,541,775 | ||||||
Tenet Healthcare Corp., 6.750%, 06/15/23(d) | 4,820,000 | 4,783,850 | ||||||
Tenet Healthcare Corp., 8.125%, 04/01/22 | 7,230,000 | 7,684,767 | ||||||
WellCare Health Plans, Inc., 5.750%, 11/15/20 | 1,280,000 | 1,331,200 | ||||||
|
| |||||||
31,839,712 | ||||||||
|
| |||||||
Holding Companies-Diversified 0.4% |
| |||||||
Argos Merger Sub, Inc., 7.125%, 03/15/23(a) | 2,695,000 | 2,725,319 | ||||||
|
| |||||||
Home Builders 1.3% | ||||||||
DR Horton, Inc., 4.000%, 02/15/20 | 2,700,000 | 2,720,250 | ||||||
K Hovnanian Enterprises, Inc., 8.000%, 11/01/19(a) | 1,915,000 | 1,374,013 | ||||||
Shea Homes LP/Shea Homes Funding Corp., 5.875%, 04/01/23(a) | 1,665,000 | 1,702,462 | ||||||
Shea Homes LP/Shea Homes Funding Corp., 6.125%, 04/01/25(a) | 1,665,000 | 1,702,462 | ||||||
Standard Pacific Corp., 5.875%, 11/15/24 | 2,200,000 | 2,255,000 | ||||||
|
| |||||||
9,754,187 | ||||||||
|
| |||||||
Household Products/Wares 0.3% |
| |||||||
Century Intermediate Holding Co. 2, PIK, 9.750%, 02/15/19(a) | 863,000 | 886,733 | ||||||
Spectrum Brands, Inc., 5.750%, 07/15/25(a) | 1,325,000 | 1,351,500 | ||||||
|
| |||||||
2,238,233 | ||||||||
|
| |||||||
Insurance 0.5% | ||||||||
Assured Guaranty Municipal Holdings, Inc., 6.400%, 12/15/66(a)(b) | 1,765,000 | 1,292,863 |
See Notes to Financial Statements.
36
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Insurance—continued | ||||||||
Assured Guaranty US Holdings, Inc., Series A, 6.400%, 12/15/66(b) | 1,045,000 | 752,400 | ||||||
Wayne Merger Sub LLC, 8.250%, 08/01/23(a) | 1,864,000 | 1,784,780 | ||||||
|
| |||||||
3,830,043 | ||||||||
|
| |||||||
Internet 1.2% | ||||||||
Blue Coat Holdings, Inc., 8.375%, 06/01/23(a) | 2,500,000 | 2,493,750 | ||||||
j2 Global, Inc., 8.000%, 08/01/20 | 1,845,000 | 1,964,925 | ||||||
Zayo Group LLC/Zayo Capital, Inc., 6.000%, 04/01/23(a) | 4,095,000 | 3,972,150 | ||||||
|
| |||||||
8,430,825 | ||||||||
|
| |||||||
Iron/Steel 0.1% | ||||||||
ArcelorMittal, 6.125%, 06/01/25(d) | 1,300,000 | 1,053,000 | ||||||
|
| |||||||
Leisure Time 0.9% | ||||||||
LTF Merger Sub, Inc., 8.500%, 06/15/23(a)(d) | 2,720,000 | 2,570,400 | ||||||
NCL Corp. Ltd., 5.250%, 11/15/19(a) | 1,175,000 | 1,197,772 | ||||||
Viking Cruises Ltd., 8.500%, 10/15/22(a) | 2,860,000 | 3,131,700 | ||||||
|
| |||||||
6,899,872 | ||||||||
|
| |||||||
Lodging 1.3% | ||||||||
Boyd Gaming Corp., 6.875%, 05/15/23 | 2,585,000 | 2,623,775 | ||||||
Caesars Entertainment Resort Properties LLC, 8.000%, 10/01/20 | 2,125,000 | 2,018,750 | ||||||
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(a)(j) | 3,240,000 | 3,377,700 | ||||||
MGM Resorts International, 6.000%, 03/15/23 | 1,450,000 | 1,408,312 | ||||||
|
| |||||||
9,428,537 | ||||||||
|
| |||||||
Media 7.7% | ||||||||
Block Communications, Inc., 7.250%, 02/01/20(a) | 2,690,000 | 2,663,100 | ||||||
Cable One, Inc., 5.750%, 06/15/22(a) | 2,630,000 | 2,591,865 | ||||||
CCO Holdings LLC/Cap Corp., 5.750%, 09/01/23 | 2,465,000 | 2,363,319 | ||||||
CCO Safari II LLC, 4.464%, 07/23/22(a) | 3,900,000 | 3,902,059 |
Shares or Principal Amount($) | Value($) | |||||||
Media—continued | ||||||||
Cequel Communications Holdings I LLC/Cequel Capital Corp., 5.125%, 12/15/21(a) | 2,400,000 | 2,113,500 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 6,310,000 | 5,915,625 | ||||||
DISH DBS Corp., 5.875%, 07/15/22(j) | 5,060,000 | 4,478,100 | ||||||
DISH DBS Corp., 6.750%, 06/01/21 | 1,410,000 | 1,357,999 | ||||||
iHeartCommunications, Inc., 10.625%, 03/15/23 | 3,435,000 | 2,919,750 | ||||||
Lee Enterprises, Inc., 9.500%, | 1,375,000 | 1,254,687 | ||||||
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 9.750%, 04/01/21 | 825,000 | 901,313 | ||||||
MHGE Parent LLC/MHGE Parent Finance, Inc., 8.500%, 08/01/19(a) | 3,100,000 | 3,084,500 | ||||||
Numericable-SFR, 6.000%, 05/15/22(a) | 3,300,000 | 3,180,375 | ||||||
Numericable-SFR, 6.250%, 05/15/24(a) | 2,450,000 | 2,358,125 | ||||||
Sinclair Television Group, Inc., 5.625%, 08/01/24(a) | 1,330,000 | 1,208,638 | ||||||
Sirius XM Radio, Inc., 6.000%, | 2,530,000 | 2,542,650 | ||||||
Townsquare Media, Inc., 6.500%, 04/01/23(a) | 2,112,000 | 1,879,680 | ||||||
Tribune Media Co., 5.875%, 07/15/22(a) | 654,000 | 634,380 | ||||||
Univision Communications, Inc., 5.125%, 02/15/25(a) | 1,955,000 | 1,832,812 | ||||||
Univision Communications, Inc., 6.750%, 09/15/22(a) | 2,784,000 | 2,881,440 | ||||||
VTR Finance BV, 6.875%, 01/15/24(a) | 3,000,000 | 2,722,500 | ||||||
WideOpenWest Finance LLC/WideOpenWest Capital Corp., 10.250%, 07/15/19 | 2,410,000 | 2,428,075 | ||||||
Ziggo Bond Finance BV, 5.875%, 01/15/25(a) | 1,625,000 | 1,486,875 | ||||||
|
| |||||||
56,701,367 | ||||||||
|
| |||||||
Metal Fabricate/Hardware 0.3% |
| |||||||
JMC Steel Group, Inc., 8.250%, | 3,115,000 | 2,118,200 | ||||||
|
|
See Notes to Financial Statements.
37
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Mining 1.9% | ||||||||
First Quantum Minerals Ltd., 6.750%, 02/15/20(a)(d) | 2,771,000 | 1,856,570 | ||||||
First Quantum Minerals Ltd., 7.000%, 02/15/21(a) | 2,587,000 | 1,675,083 | ||||||
FMG Resources August 2006 Pty Ltd., 8.250%, 11/01/19(a)(d) | 3,760,000 | 2,998,600 | ||||||
FMG Resources August 2006 Pty Ltd., 9.750%, 03/01/22(a)(d) | 2,090,000 | 1,946,312 | ||||||
Imperial Metals Corp., 7.000%, | 5,860,000 | 5,508,400 | ||||||
|
| |||||||
13,984,965 | ||||||||
|
| |||||||
Oil & Gas 7.6% | ||||||||
Antero Resources Corp., 5.125%, 12/01/22 | 4,220,000 | 3,629,200 | ||||||
Antero Resources Corp., 6.000%, 12/01/20 | 1,229,000 | 1,136,825 | ||||||
Atlas Energy Holdings Operating Co. LLC/Atlas Resource Finance Corp., 9.250%, 08/15/21(f) | 2,077,000 | 872,340 | ||||||
CHC Helicopter SA, 9.250%, 10/15/20 | 3,807,000 | 2,131,920 | ||||||
Chesapeake Energy Corp., 5.750%, 03/15/23(d) | 1,850,000 | 1,206,546 | ||||||
Chesapeake Energy Corp., 6.875%, 11/15/20 | 4,980,000 | 3,660,300 | ||||||
Citgo Holding, Inc., 10.750%, | 2,080,000 | 2,033,200 | ||||||
CITGO Petroleum Corp., 6.250%, 08/15/22(a) | 2,655,000 | 2,535,525 | ||||||
Eclipse Resources Corp., 8.875%, 07/15/23(a) | 3,340,000 | 2,688,700 | ||||||
EP Energy LLC/Everest Acquisition Finance, Inc., 7.750%, 09/01/22 | 2,721,000 | 2,176,800 | ||||||
EP Energy LLC/Everest Acquisition Finance, Inc., 9.375%, 05/01/20 | 1,255,000 | 1,079,300 | ||||||
EXCO Resources, Inc., 7.500%, 09/15/18(d) | 2,915,000 | 859,925 | ||||||
Halcon Resources Corp., 8.625%, 02/01/20(a)(d) | 3,055,000 | 2,539,469 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co., 5.000%, 12/01/24(a) | 4,285,000 | 3,642,250 | ||||||
KCA Deutag UK Finance PLC, 7.250%, 05/15/21(a) | 2,820,000 | 2,016,300 |
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
Linn Energy LLC/Linn Energy Finance Corp., 7.750%, 02/01/21 | 130,000 | 29,900 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 04/15/20(d) | 5,892,000 | 1,590,840 | ||||||
Midstates Petroleum Co., Inc./Midstates Petroleum Co. LLC, 10.000%, 06/01/20(a)(d) | 1,690,000 | 1,225,250 | ||||||
Offshore Drilling Holding SA, 8.375%, 09/20/20(a)(d) | 2,380,000 | 1,618,400 | ||||||
Petrobras Global Finance BV, 5.625%, 05/20/43 | 1,345,000 | 823,813 | ||||||
Precision Drilling Corp., 5.250%, 11/15/24 | 2,285,000 | 1,816,575 | ||||||
Rice Energy, Inc., 6.250%, 05/01/22(d) | 3,575,000 | 3,188,471 | ||||||
SandRidge Energy, Inc., 8.750%, 06/01/20(a)(d) | 2,890,000 | 1,752,062 | ||||||
Seven Generations Energy Ltd., 6.750%, 05/01/23(a)(d) | 2,521,000 | 2,168,060 | ||||||
United Refining Co., 10.500%, | 5,038,000 | 5,214,330 | ||||||
Whiting Petroleum Corp., 6.250%, 04/01/23 | 4,580,000 | 3,961,700 | ||||||
|
| |||||||
55,598,001 | ||||||||
|
| |||||||
Oil & Gas Services 0.2% | ||||||||
FTS International, Inc., 7.837%, | 2,095,000 | 1,550,918 | ||||||
|
| |||||||
Packaging & Containers 0.1% | ||||||||
Berry Plastics Escrow LLC/Berry Plastics Escrow Corp., 6.000%, 10/15/22(a)(i) | 742,000 | 743,855 | ||||||
|
| |||||||
Pharmaceuticals 4.3% | ||||||||
Endo Finance LLC/Endo Ltd./Endo Finco, Inc., 6.000%, 07/15/23(a) | 2,225,000 | 2,197,188 | ||||||
Endo Finance LLC/Endo Ltd./Endo Finco, Inc., 6.000%, 02/01/25(a) | 3,615,000 | 3,511,069 | ||||||
Grifols Worldwide Operations Ltd., 5.250%, 04/01/22 | 3,230,000 | 3,195,697 | ||||||
Valeant Pharmaceuticals International, Inc., 5.375%, 03/15/20(a) | 5,005,000 | 4,864,234 | ||||||
Valeant Pharmaceuticals International, Inc., 5.500%, 03/01/23(a) | 3,765,000 | 3,576,750 |
See Notes to Financial Statements.
38
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Pharmaceuticals—continued |
| |||||||
Valeant Pharmaceuticals International, Inc., 5.875%, 05/15/23(a) | 5,145,000 | 4,916,691 | ||||||
Valeant Pharmaceuticals International, Inc., 6.125%, 04/15/25(a) | 5,005,000 | 4,767,262 | ||||||
Valeant Pharmaceuticals International, Inc., 6.750%, 08/15/18(a) | 2,160,000 | 2,197,800 | ||||||
Valeant Pharmaceuticals International, Inc., 7.500%, 07/15/21(a) | 2,165,000 | 2,229,950 | ||||||
|
| |||||||
31,456,641 | ||||||||
|
| |||||||
Pipelines 3.7% | ||||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.125%, 03/01/22 | 4,075,000 | 3,527,727 | ||||||
Energy Transfer Equity LP, 5.875%, 01/15/24 | 2,225,000 | 2,003,613 | ||||||
Energy Transfer Equity LP, 7.500%, 10/15/20 | 2,875,000 | 2,860,625 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 02/01/21 | 9,605,000 | 8,908,637 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 04/15/23 | 3,600,000 | 3,195,000 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.250%, 05/01/23 | 2,050,000 | 1,819,375 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.500%, 10/15/19(a) | 2,234,000 | 2,189,320 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 6.125%, 10/15/21 | 1,475,000 | 1,449,188 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 6.250%, 10/15/22(a) | 1,128,000 | 1,099,800 | ||||||
|
| |||||||
27,053,285 | ||||||||
|
| |||||||
Real Estate 0.8% | ||||||||
Howard Hughes Corp., 6.875%, 10/01/21(a) | 5,770,000 | 5,861,743 | ||||||
|
| |||||||
Retail 4.5% | ||||||||
1011778 BC ULC/New Red Finance, Inc., 6.000%, 04/01/22(a) | 2,100,000 | 2,131,500 | ||||||
Dollar Tree, Inc., 5.750%, 03/01/23(a) | 3,280,000 | 3,403,000 |
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued | ||||||||
Guitar Center, Inc., 6.500%, | 4,300,000 | 3,956,000 | ||||||
JC Penney Corp., Inc., 6.375%, | 4,592,000 | 3,179,960 | ||||||
Jo-Ann Stores LLC, 8.125%, 03/15/19(a) | 2,100,000 | 1,942,500 | ||||||
Landry’s Holdings II, Inc., 10.250%, 01/01/18(a) | 720,000 | 738,000 | ||||||
Limited Brands, Inc., 6.625%, 04/01/21 | 7,715,000 | 8,582,937 | ||||||
Rite Aid Corp., 6.125%, 04/01/23(a) | 3,700,000 | 3,672,250 | ||||||
Rite Aid Corp., 6.750%, 06/15/21(d) | 2,515,000 | 2,577,875 | ||||||
Toys R Us Property Co. II LLC, 8.500%, 12/01/17(d) | 2,931,000 | 2,799,105 | ||||||
|
| |||||||
32,983,127 | ||||||||
|
| |||||||
Semiconductors 1.0% | ||||||||
Micron Technology, Inc., 5.250%, 08/01/23(a) | 2,065,000 | 1,899,387 | ||||||
Micron Technology, Inc., 5.625%, 01/15/26(a) | 2,070,000 | 1,863,000 | ||||||
Micron Technology, Inc., 5.875%, 02/15/22 | 3,670,000 | 3,619,538 | ||||||
|
| |||||||
7,381,925 | ||||||||
|
| |||||||
Software 1.8% | ||||||||
Audatex North America, Inc., 6.125%, 11/01/23(a) | 4,225,000 | 4,246,125 | ||||||
First Data Corp., 12.625%, 01/15/21 | 7,600,000 | 8,635,500 | ||||||
|
| |||||||
12,881,625 | ||||||||
|
| |||||||
Telecommunication Services 11.7% |
| |||||||
Altice Financing SA, 6.500%, | 1,030,000 | 994,475 | ||||||
Altice Financing SA, 6.625%, | 2,205,000 | 2,120,934 | ||||||
Altice Finco SA, 7.625%, 02/15/25(a) | 2,060,000 | 1,920,950 | ||||||
Altice US Finance II Corp., 7.750%, 07/15/25(a)(d) | 4,825,000 | 4,270,125 | ||||||
Avaya, Inc., 7.000%, 04/01/19(a) | 1,985,000 | 1,573,113 | ||||||
Avaya, Inc., 9.000%, 04/01/19(a) | 2,130,000 | 1,767,900 | ||||||
B Communications Ltd., 7.375%, 02/15/21(a)(d) | 3,975,000 | 4,193,625 | ||||||
DigitalGlobe, Inc., 5.250%, 02/01/21(a) | 2,550,000 | 2,416,125 |
See Notes to Financial Statements.
39
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Intelsat Luxembourg SA, 7.750%, 06/01/21 | 11,444,000 | 7,553,040 | ||||||
Level 3 Financing, Inc., 6.125%, 01/15/21 | 6,895,000 | 7,088,129 | ||||||
Level 3 Financing, Inc., 8.625%, 07/15/20 | 3,855,000 | 4,028,475 | ||||||
Neptune Finco Corp., 6.625%, | 1,540,000 | 1,547,700 | ||||||
Neptune Finco Corp., 10.125%, | 1,895,000 | 1,916,319 | ||||||
Neptune Finco Corp., 10.875%, | 1,210,000 | 1,222,100 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28 | 14,848,000 | 10,653,440 | ||||||
Sprint Capital Corp., 8.750%, 03/15/32 | 2,635,000 | 2,048,712 | ||||||
Sprint Communications, Inc., 11.500%, 11/15/21 | 2,495,000 | 2,470,050 | ||||||
Sprint Corp., 7.875%, 09/15/23 | 1,970,000 | 1,594,469 | ||||||
T-Mobile USA, Inc., 6.125%, 01/15/22 | 1,960,000 | 1,891,400 | ||||||
T-Mobile USA, Inc., 6.500%, 01/15/24 | 1,735,000 | 1,681,866 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 3,890,000 | 3,899,725 | ||||||
Trilogy International Partners LLC/Trilogy International Finance, Inc., 10.250%, 08/15/16(a)(j) | 8,260,000 | 8,177,400 | ||||||
ViaSat, Inc., 6.875%, 06/15/20 | 3,945,000 | 4,142,250 | ||||||
Wind Acquisition Finance SA, 7.375%, 04/23/21(a) | 6,925,000 | 6,838,437 | ||||||
|
| |||||||
86,010,759 | ||||||||
|
| |||||||
Transportation 1.3% | ||||||||
Eletson Holdings, 9.625%, 01/15/22(a) | 3,130,000 | 2,832,650 | ||||||
Florida East Coast Holdings Corp., 6.750%, 05/01/19(a) | 2,985,000 | 2,925,300 | ||||||
Hornbeck Offshore Services, Inc., 5.000%, 03/01/21 | 4,575,000 | 3,396,937 | ||||||
|
| |||||||
9,154,887 | ||||||||
|
| |||||||
Trucking & Leasing 0.1% | ||||||||
Flexi-Van Leasing, Inc., 7.875%, 08/15/18(a) | 835,000 | 845,438 | ||||||
|
| |||||||
Total Corporate Bonds | 639,300,470 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Convertible Preferred Stocks 0.3% |
| |||||||
Telecommunication Services 0.3% |
| |||||||
Intelsat SA, Series A, 5.750%, 05/01/16 | 23,470 | 438,889 | ||||||
T-Mobile US, Inc., 5.500%, 12/15/17 | 24,485 | 1,690,934 | ||||||
|
| |||||||
Total Convertible Preferred Stocks | 2,129,823 | |||||||
|
| |||||||
Municipal Bond 0.3% | ||||||||
Puerto Rico 0.3% | ||||||||
Commonwealth of Puerto Rico, Series A, GO, 8.000%, 07/01/35 | 2,665,000 | 1,998,670 | ||||||
|
| |||||||
Total Municipal Bond | 1,998,670 | |||||||
|
| |||||||
Preferred Stock 0.4% | ||||||||
Banks 0.4% | ||||||||
GMAC Capital Trust I, Series 2, | 121,110 | 3,091,939 | ||||||
|
| |||||||
Total Preferred Stock | 3,091,939 | |||||||
|
| |||||||
Common Stocks 1.2% | ||||||||
Auto Manufacturers 0.9% | ||||||||
General Motors Co. | 228,862 | 6,870,437 | ||||||
|
| |||||||
Energy-Alternate Sources 0.1% |
| |||||||
Aventine Renewable Energy Holdings, Inc.*(f) | 52,974 | 448,319 | ||||||
|
| |||||||
Telecommunication Services 0.2% |
| |||||||
NII Holding, Inc.* | 284,455 | 1,851,802 | ||||||
|
| |||||||
Total Common Stocks | 9,170,558 | |||||||
|
| |||||||
Money Market Funds 15.4% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(k) | 52,967,313 | 52,967,313 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(k)(l) | 59,807,942 | 59,807,942 | ||||||
|
| |||||||
Total Money Market Funds | 112,775,255 | |||||||
|
| |||||||
Total Investments | 796,569,798 | |||||||
Liabilities in excess of other | (62,726,035 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 733,843,763 | ||||||
|
|
See Notes to Financial Statements.
40
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† — concluded
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
* | 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 47.9% of net assets as of September 30, 2015. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(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, 2015. The total value of securities on loan as of September 30, 2015 was $72,937,782. |
(e) | Security is in default. |
(f) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(g) | Valued at fair value using procedures approved by the Board of Trustees (See Note 2(a)). Fair valued securities held by the Fund represent 0.0% of net assets as of September 30, 2015. |
(h) | Perpetual maturity. |
(i) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(j) | 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. |
(k) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(l) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $65,779,630. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,971,688. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2015 (See Note 2(k)). |
Investment Abbreviations
GO | — | General Obligation | ||
MTN | — | Medium Term Note | ||
PIK | — | Payment in-kind | ||
ULC | — | Unlimited Liability Company |
See Notes to Financial Statements.
41
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Yield Fund
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 3.5% | ||||||||
Energy 0.8% | ||||||||
Azure Midstream Energy LLC, Term Loan B, 7.500%, 11/15/18(a)(b) | 1,227,897 | 1,043,712 | ||||||
CITGO Holding, Inc., 2015 Term Loan B, 9.500%, 05/12/18(a)(b) | 1,975,751 | 1,942,420 | ||||||
Templar Energy LLC, New 2nd Lien Term Loan, 8.500%, 11/25/20(a)(b) | 5,525,271 | 2,440,347 | ||||||
|
| |||||||
5,426,479 | ||||||||
|
| |||||||
Healthcare 0.3% | ||||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 1,735,000 | 1,736,093 | ||||||
|
| |||||||
Metals/Minerals 0.5% | ||||||||
FMG Resources (August 2006) Pty Ltd., New Term Loan B, 3.750%, | 3,880,304 | 3,164,892 | ||||||
|
| |||||||
Retail 1.6% | ||||||||
J.C. Penney Corporation, Inc., 1st Lien Term Loan, 6.000%, 05/22/18(a)(b) | 4,237,153 | 4,208,044 | ||||||
Sears Holding Corporation, Term Loan, 5.500%, 06/30/18(a)(b) | 4,300,161 | 4,223,575 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B4, 9.750%, 04/24/20(a)(b) | 2,312,853 | 2,026,638 | ||||||
|
| |||||||
10,458,257 | ||||||||
|
| |||||||
Service 0.3% | ||||||||
Asurion LLC, New Term Loan B1, 5.000%, 05/24/19(a)(b) | 2,281,917 | 2,172,955 | ||||||
|
| |||||||
Total Bank Loans (Cost $26,782,237) | 22,958,676 | |||||||
|
| |||||||
Corporate Bonds 84.3% | ||||||||
Aerospace/Defense 0.4% | ||||||||
Triumph Group, Inc., 5.250%, 06/01/22 | 2,570,000 | 2,364,400 | ||||||
|
| |||||||
Airlines 1.9% | ||||||||
Air Canada, 6.750%, 10/01/19(b) | 3,325,000 | 3,483,270 | ||||||
American Airlines Pass Through Trust, Series 2013-2, Cl B, 5.600%, | 3,584,540 | 3,656,231 |
Shares or Principal Amount($) | Value($) | |||||||
Airlines—continued | ||||||||
United Airlines Pass Through Trust, Series 2014-1, Cl B, 4.750%, 04/11/22 | 3,420,000 | 3,420,000 | ||||||
VistaJet Malta Finance PLC/VistaJet Co. Finance LLC, 7.750%, 06/01/20(b) | 1,850,000 | 1,674,250 | ||||||
|
| |||||||
12,233,751 | ||||||||
|
| |||||||
Banks 1.6% | ||||||||
CIT Group, Inc., 5.375%, 05/15/20 | 6,152,000 | 6,444,220 | ||||||
Provident Funding Associates LP/PFG Finance Corp., 6.750%, 06/15/21(b) | 4,320,000 | 4,093,200 | ||||||
|
| |||||||
10,537,420 | ||||||||
|
| |||||||
Building Materials 2.1% | ||||||||
Building Materials Corp. of America, 6.000%, 10/15/25(b)(c) | 1,333,000 | 1,346,330 | ||||||
Cemex Finance LLC, 9.375%, | 7,230,000 | 7,690,551 | ||||||
Cemex SAB de CV, 7.250%, 01/15/21(b) | 1,155,000 | 1,152,113 | ||||||
USG Corp., 5.875%, 11/01/21(b) | 3,385,000 | 3,511,937 | ||||||
|
| |||||||
13,700,931 | ||||||||
|
| |||||||
Chemicals 1.7% | ||||||||
Blue Cube Spinco, Inc., 9.750%, 10/15/23(b)(c) | 2,285,000 | 2,376,400 | ||||||
Blue Cube Spinco, Inc., 10.000%, 10/15/25(b)(c) | 2,285,000 | 2,373,544 | ||||||
Chemours Co. (The), 7.000%, | 3,900,000 | 2,564,250 | ||||||
Nufarm Australia Ltd., 6.375%, | 2,480,000 | 2,467,600 | ||||||
Univar, Inc., 6.750%, 07/15/23(b) | 1,755,000 | 1,627,762 | ||||||
|
| |||||||
11,409,556 | ||||||||
|
| |||||||
Coal 0.5% | ||||||||
CONSOL Energy, Inc., 5.875%, 04/15/22 | 5,134,000 | 3,452,615 | ||||||
|
| |||||||
Commercial Services 6.0% | ||||||||
Cenveo Corp., 6.000%, 08/01/19(b) | 3,075,000 | 2,583,000 | ||||||
Harland Clarke Holdings Corp., 6.875%, 03/01/20(b) | 5,195,000 | 4,675,500 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(b) | 7,474,000 | 7,698,220 |
See Notes to Financial Statements.
42
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services—continued |
| |||||||
Hertz Corp. (The), 5.875%, 10/15/20(d) | 3,170,000 | 3,133,545 | ||||||
Hertz Corp. (The), 6.750%, 04/15/19 | 2,662,000 | 2,708,585 | ||||||
Prospect Medical Holdings, Inc., 8.375%, 05/01/19(b) | 3,675,000 | 3,840,375 | ||||||
Quad/Graphics, Inc., 7.000%, 05/01/22 | 3,530,000 | 3,159,350 | ||||||
TMS International Corp., 7.625%, 10/15/21(b)(e) | 8,591,000 | 7,989,630 | ||||||
United Rentals North America, Inc., 5.750%, 11/15/24 | 1,710,000 | 1,637,325 | ||||||
United Rentals North America, Inc., 7.625%, 04/15/22 | 1,300,000 | 1,378,000 | ||||||
|
| |||||||
38,803,530 | ||||||||
|
| |||||||
Diversified Financial Services 8.6% |
| |||||||
Alliance Data Systems Corp., 5.375%, 08/01/22(b) | 2,910,000 | 2,837,250 | ||||||
Ally Financial, Inc., 4.125%, 03/30/20 | 1,185,000 | 1,171,669 | ||||||
Ally Financial, Inc., 5.125%, 09/30/24 | 1,780,000 | 1,757,750 | ||||||
Ally Financial, Inc., 7.500%, 09/15/20 | 5,201,000 | 5,903,135 | ||||||
Ally Financial, Inc., 8.000%, 03/15/20 | 5,673,000 | 6,523,950 | ||||||
Ally Financial, Inc., 8.000%, 11/01/31 | 1,385,000 | 1,604,439 | ||||||
Enova International, Inc., 9.750%, 06/01/21 | 1,370,000 | 1,109,700 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.000%, 08/01/20 | 5,100,000 | 5,240,250 | ||||||
ILFC E-Capital Trust I, 4.570%, | 6,750,000 | 6,176,250 | ||||||
International Lease Finance Corp., 8.250%, 12/15/20 | 5,600,000 | 6,552,000 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.375%, 04/01/20(b) | 2,515,000 | 2,423,957 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 07/01/21 | 4,115,000 | 3,415,450 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 7.875%, 10/01/20(d) | 1,085,000 | 987,350 | ||||||
Navient Corp., 4.875%, 06/17/19, MTN | 2,000,000 | 1,820,000 | ||||||
Navient Corp., 5.000%, 10/26/20 | 1,690,000 | 1,416,727 |
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services—continued |
| |||||||
NewStar Financial, Inc., 7.250%, 05/01/20(b) | 2,185,000 | 2,174,075 | ||||||
Quicken Loans, Inc., 5.750%, | 2,585,000 | 2,426,669 | ||||||
Walter Investment Management Corp., 7.875%, 12/15/21(d) | 2,670,000 | 2,282,850 | ||||||
|
| |||||||
55,823,471 | ||||||||
|
| |||||||
Electric 2.5% | ||||||||
Dynegy, Inc., 5.875%, 06/01/23 | 1,628,000 | 1,526,250 | ||||||
Dynegy, Inc., 6.750%, 11/01/19 | 1,700,000 | 1,704,250 | ||||||
Dynegy, Inc., 7.375%, 11/01/22 | 2,315,000 | 2,335,256 | ||||||
GenOn Energy, Inc., 9.500%, 10/15/18 | 600,000 | 555,000 | ||||||
GenOn Energy, Inc., 9.875%, 10/15/20 | 4,804,000 | 4,467,720 | ||||||
NRG Energy, Inc., 6.250%, 05/01/24 | 4,160,000 | 3,671,200 | ||||||
NRG Energy, Inc., 7.875%, 05/15/21 | 2,155,000 | 2,184,631 | ||||||
|
| |||||||
16,444,307 | ||||||||
|
| |||||||
Electronics 0.2% | ||||||||
Allegion PLC, 5.875%, 09/15/23 | 1,563,000 | 1,602,075 | ||||||
|
| |||||||
Engineering & Construction 0.4% |
| |||||||
Aguila 3 SA, 7.875%, 01/31/18(b) | 2,625,000 | 2,644,688 | ||||||
|
| |||||||
Entertainment 1.0% |
| |||||||
Gibson Brands, Inc., 8.875%, | 3,607,000 | 3,183,178 | ||||||
Greektown Holdings LLC/Greektown Mothership Corp., 8.875%, | 3,375,000 | 3,459,375 | ||||||
|
| |||||||
6,642,553 | ||||||||
|
| |||||||
Food 2.9% | ||||||||
JBS USA LLC/JBS USA Finance, Inc., 5.750%, 06/15/25(b) | 2,410,000 | 2,217,200 | ||||||
Pilgrim’s Pride Corp., 5.750%, | 1,730,000 | 1,699,725 | ||||||
Post Holdings, Inc., 7.375%, 02/15/22 | 6,230,000 | 6,323,450 | ||||||
Post Holdings, Inc., 8.000%, | 5,530,000 | 5,695,900 | ||||||
SUPERVALU, Inc., 7.750%, 11/15/22 | 2,985,000 | 2,985,000 | ||||||
|
| |||||||
18,921,275 | ||||||||
|
|
See Notes to Financial Statements.
43
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Forest Products & Paper 0.4% | ||||||||
Resolute Forest Products, Inc., 5.875%, 05/15/23 | 3,447,000 | 2,568,015 | ||||||
|
| |||||||
Gas 0.3% | ||||||||
NGL Energy Partners LP/NGL Energy Finance Corp., 5.125%, 07/15/19 | 2,029,000 | 1,846,390 | ||||||
|
| |||||||
Healthcare-Products 1.1% | ||||||||
Hologic, Inc., 5.250%, 07/15/22(b) | 664,000 | 670,640 | ||||||
Kinetic Concepts, Inc./KCI USA, Inc., 10.500%, 11/01/18 | 4,450,000 | 4,658,038 | ||||||
Teleflex, Inc., 5.250%, 06/15/24 | 2,123,000 | 2,133,615 | ||||||
|
| |||||||
7,462,293 | ||||||||
|
| |||||||
Healthcare-Services 3.7% | ||||||||
CHS/Community Health Systems, Inc., 6.875%, 02/01/22 | 1,905,000 | 1,945,405 | ||||||
HCA Holdings, Inc., 6.250%, 02/15/21 | 4,688,000 | 4,992,720 | ||||||
HCA, Inc., 6.500%, 02/15/20 | 3,195,000 | 3,482,550 | ||||||
Tenet Healthcare Corp., 6.000%, 10/01/20 | 2,695,000 | 2,843,225 | ||||||
Tenet Healthcare Corp., 6.750%, 06/15/23 | 9,555,000 | 9,483,338 | ||||||
WellCare Health Plans, Inc., 5.750%, 11/15/20 | 1,250,000 | 1,300,000 | ||||||
|
| |||||||
24,047,238 | ||||||||
|
| |||||||
Holding Companies-Diversified 0.4% |
| |||||||
Argos Merger Sub, Inc., 7.125%, 03/15/23(b) | 2,280,000 | 2,305,650 | ||||||
|
| |||||||
Home Builders 1.6% | ||||||||
DR Horton, Inc., 4.000%, 02/15/20 | 4,665,000 | 4,699,987 | ||||||
Shea Homes LP/Shea Homes Funding Corp., 5.875%, 04/01/23(b) | 1,755,000 | 1,794,487 | ||||||
Shea Homes LP/Shea Homes Funding Corp., 6.125%, 04/01/25(b) | 1,755,000 | 1,794,488 | ||||||
Standard Pacific Corp., 5.875%, 11/15/24 | 2,230,000 | 2,285,750 | ||||||
|
| |||||||
10,574,712 | ||||||||
|
| |||||||
Household Products/Wares 0.4% |
| |||||||
Century Intermediate Holding Co. 2, PIK, 9.750%, 02/15/19(b) | 1,368,000 | 1,405,620 |
Shares or Principal Amount($) | Value($) | |||||||
Household Products/Wares—continued |
| |||||||
Spectrum Brands, Inc., 5.750%, 07/15/25(b) | 1,120,000 | 1,142,400 | ||||||
|
| |||||||
2,548,020 | ||||||||
|
| |||||||
Insurance 0.8% | ||||||||
Assured Guaranty Municipal Holdings, Inc., 6.400%, 12/15/66(a)(b) | 1,840,000 | 1,347,800 | ||||||
Assured Guaranty US Holdings, Inc., Series A, 6.400%, 12/15/66(a) | 592,000 | 426,240 | ||||||
Sirius International Group Ltd., | 3,570,000 | 3,605,700 | ||||||
|
| |||||||
5,379,740 | ||||||||
|
| |||||||
Internet 0.4% | ||||||||
j2 Global, Inc., 8.000%, 08/01/20 | 2,360,000 | 2,513,400 | ||||||
|
| |||||||
Iron/Steel 0.5% | ||||||||
ArcelorMittal, 6.125%, 06/01/25(d) | 1,085,000 | 878,850 | ||||||
Steel Dynamics, Inc., 5.125%, 10/01/21 | 1,380,000 | 1,307,550 | ||||||
Steel Dynamics, Inc., 5.500%, 10/01/24 | 1,335,000 | 1,224,028 | ||||||
|
| |||||||
3,410,428 | ||||||||
|
| |||||||
Leisure Time 0.7% | ||||||||
NCL Corp. Ltd., 5.250%, 11/15/19(b) | 1,285,000 | 1,309,903 | ||||||
Viking Cruises Ltd., 8.500%, 10/15/22(b) | 2,825,000 | 3,093,375 | ||||||
|
| |||||||
4,403,278 | ||||||||
|
| |||||||
Lodging 0.9% | ||||||||
Caesars Entertainment Resort Properties LLC, 8.000%, 10/01/20 | 1,785,000 | 1,695,750 | ||||||
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(b)(e) | 2,690,000 | 2,804,325 | ||||||
MGM Resorts International, 6.000%, 03/15/23 | 1,285,000 | 1,248,056 | ||||||
|
| |||||||
5,748,131 | ||||||||
|
| |||||||
Media 7.3% | ||||||||
Block Communications, Inc., 7.250%, 02/01/20(b) | 3,260,000 | 3,227,400 | ||||||
Cable One, Inc., 5.750%, 06/15/22(b) | 2,365,000 | 2,330,707 |
See Notes to Financial Statements.
44
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Media—continued | ||||||||
CCO Holdings LLC/Cap Corp., 5.250%, 09/30/22 | 1,015,000 | 951,563 | ||||||
CCO Holdings LLC/Cap Corp., 5.750%, 09/01/23 | 2,485,000 | 2,382,494 | ||||||
CCO Safari II LLC, 4.464%, 07/23/22(b) | 3,345,000 | 3,346,766 | ||||||
Cequel Communications Holdings I LLC/Cequel Capital Corp., 5.125%, 12/15/21(b) | 3,610,000 | 3,179,056 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 4,600,000 | 4,312,500 | ||||||
DISH DBS Corp., 5.875%, 07/15/22(e) | 4,390,000 | 3,885,150 | ||||||
DISH DBS Corp., 6.750%, 06/01/21 | 2,335,000 | 2,248,885 | ||||||
Lee Enterprises, Inc., 9.500%, | 2,160,000 | 1,971,000 | ||||||
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 9.750%, 04/01/21 | 2,790,000 | 3,048,075 | ||||||
Numericable-SFR, 6.000%, 05/15/22(b) | 2,830,000 | 2,727,412 | ||||||
Numericable-SFR, 6.250%, 05/15/24(b) | 2,045,000 | 1,968,313 | ||||||
Sinclair Television Group, Inc., 5.625%, 08/01/24(b) | 1,390,000 | 1,263,163 | ||||||
Sirius XM Radio, Inc., 6.000%, | 2,595,000 | 2,607,975 | ||||||
Tribune Media Co., 5.875%, 07/15/22(b) | 553,000 | 536,410 | ||||||
Univision Communications, Inc., 5.125%, 05/15/23(b) | 1,655,000 | 1,572,250 | ||||||
Univision Communications, Inc., 5.125%, 02/15/25(b) | 1,740,000 | 1,631,250 | ||||||
Univision Communications, Inc., 6.750%, 09/15/22(b) | 1,495,000 | 1,547,325 | ||||||
VTR Finance BV, 6.875%, 01/15/24(b) | 2,000,000 | 1,815,000 | ||||||
Ziggo Bond Finance BV, 5.875%, 01/15/25(b) | 1,475,000 | 1,349,625 | ||||||
|
| |||||||
47,902,319 | ||||||||
|
| |||||||
Mining 1.8% | ||||||||
First Quantum Minerals Ltd., 6.750%, 02/15/20(b)(d) | 2,800,000 | 1,876,000 | ||||||
First Quantum Minerals Ltd., 7.000%, 02/15/21(b) | 1,710,000 | 1,107,225 |
Shares or Principal Amount($) | Value($) | |||||||
Mining—continued | ||||||||
FMG Resources August 2006 Pty Ltd., 8.250%, 11/01/19(b)(d) | 2,370,000 | 1,890,075 | ||||||
FMG Resources August 2006 Pty Ltd., 9.750%, 03/01/22(b)(d) | 3,550,000 | 3,305,937 | ||||||
Imperial Metals Corp., 7.000%, | 3,554,000 | 3,340,760 | ||||||
|
| |||||||
11,519,997 | ||||||||
|
| |||||||
Oil & Gas 7.1% | ||||||||
Antero Resources Corp., 5.125%, 12/01/22 | 3,550,000 | 3,053,000 | ||||||
Antero Resources Corp., 6.000%, 12/01/20 | 1,110,000 | 1,026,750 | ||||||
CHC Helicopter SA, 9.250%, 10/15/20(d) | 3,591,000 | 2,010,960 | ||||||
Chesapeake Energy Corp., 5.750%, 03/15/23(d) | 1,650,000 | 1,076,108 | ||||||
Chesapeake Energy Corp., 6.875%, 11/15/20 | 4,625,000 | 3,399,375 | ||||||
CITGO Petroleum Corp., 6.250%, 08/15/22(b) | 2,550,000 | 2,435,250 | ||||||
EP Energy LLC/Everest Acquisition Finance, Inc., 7.750%, 09/01/22 | 2,330,000 | 1,864,000 | ||||||
EP Energy LLC/Everest Acquisition Finance, Inc., 9.375%, 05/01/20 | 1,115,000 | 958,900 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co., 5.000%, 12/01/24(b) | 3,640,000 | 3,094,000 | ||||||
Jones Energy Holdings LLC/Jones Energy Finance Corp., 6.750%, 04/01/22 | 2,020,000 | 1,604,648 | ||||||
KCA Deutag UK Finance PLC, 7.250%, 05/15/21(b) | 2,670,000 | 1,909,050 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 7.750%, 02/01/21 | 115,000 | 26,450 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 04/15/20 | 5,121,000 | 1,382,670 | ||||||
Midstates Petroleum Co., Inc./Midstates Petroleum Co. LLC, 10.000%, 06/01/20(b)(d) | 1,465,000 | 1,062,125 | ||||||
Offshore Drilling Holding SA, 8.375%, 09/20/20(b) | 2,020,000 | 1,373,600 | ||||||
Precision Drilling Corp., 5.250%, 11/15/24 | 2,167,000 | 1,722,765 |
See Notes to Financial Statements.
45
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
Range Resources Corp., 4.875%, 05/15/25(b) | 2,235,000 | 1,991,944 | ||||||
Rice Energy, Inc., 7.250%, 05/01/23(b) | 1,840,000 | 1,725,000 | ||||||
RSP Permian, Inc., 6.625%, 10/01/22 | 1,710,000 | 1,641,600 | ||||||
SandRidge Energy, Inc., 8.750%, 06/01/20(b)(d) | 2,505,000 | 1,518,656 | ||||||
Seven Generations Energy Ltd., 6.750%, 05/01/23(b)(d) | 2,858,000 | 2,457,880 | ||||||
United Refining Co., 10.500%, | 4,664,000 | 4,827,240 | ||||||
Whiting Petroleum Corp., 6.250%, 04/01/23(d) | 4,655,000 | 4,026,575 | ||||||
|
| |||||||
46,188,546 | ||||||||
|
| |||||||
Oil & Gas Services 0.2% |
| |||||||
FTS International, Inc., 7.837%, | 1,755,000 | 1,299,218 | ||||||
|
| |||||||
Packaging & Containers 0.1% |
| |||||||
Berry Plastics Escrow LLC/Berry Plastics Escrow Corp., 6.000%, | 664,000 | 665,660 | ||||||
|
| |||||||
Pharmaceuticals 4.2% |
| |||||||
Endo Finance LLC/Endo Ltd./Endo Finco, Inc., 6.000%, 07/15/23(b) | 2,025,000 | 1,999,688 | ||||||
Endo Finance LLC/Endo Ltd./Endo Finco, Inc., 6.000%, 02/01/25(b) | 3,100,000 | 3,010,875 | ||||||
Grifols Worldwide Operations Ltd., 5.250%, 04/01/22 | 2,530,000 | 2,503,131 | ||||||
Valeant Pharmaceuticals International, 7.000%, 10/01/20(b) | 3,900,000 | 3,978,000 | ||||||
Valeant Pharmaceuticals International, Inc., 5.375%, 03/15/20(b) | 2,290,000 | 2,225,594 | ||||||
Valeant Pharmaceuticals International, Inc., 5.500%, 03/01/23(b) | 3,260,000 | 3,097,000 | ||||||
Valeant Pharmaceuticals International, Inc., 5.875%, 05/15/23(b) | 2,330,000 | 2,226,606 | ||||||
Valeant Pharmaceuticals International, Inc., 6.125%, 04/15/25(b) | 8,530,000 | 8,124,825 | ||||||
|
| |||||||
27,165,719 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Pipelines 3.7% |
| |||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.125%, 03/01/22 | 3,725,000 | 3,224,732 | ||||||
Energy Transfer Equity LP, 5.875%, 01/15/24 | 2,235,000 | 2,012,618 | ||||||
Energy Transfer Equity LP, 7.500%, 10/15/20 | 3,170,000 | 3,154,150 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 02/01/21 | 7,085,000 | 6,571,337 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 04/15/23 | 4,460,000 | 3,958,250 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.250%, 05/01/23 | 2,064,000 | 1,831,800 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.500%, 10/15/19(b) | 2,256,000 | 2,210,880 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 6.250%, 10/15/22(b) | 1,276,000 | 1,244,100 | ||||||
|
| |||||||
24,207,867 | ||||||||
|
| |||||||
Real Estate 1.2% |
| |||||||
Howard Hughes Corp., 6.875%, 10/01/21(b) | 7,565,000 | 7,685,284 | ||||||
|
| |||||||
Retail 2.7% |
| |||||||
Dollar Tree, Inc., 5.750%, 03/01/23(b) | 2,760,000 | 2,863,500 | ||||||
Guitar Center, Inc., 6.500%, | 3,608,000 | 3,319,360 | ||||||
Limited Brands, Inc., 6.625%, 04/01/21 | 5,215,000 | 5,801,687 | ||||||
Rite Aid Corp., 6.125%, 04/01/23(b) | 3,175,000 | 3,151,188 | ||||||
Toys R Us Property Co. II LLC, 8.500%, 12/01/17 | 2,545,000 | 2,430,475 | ||||||
|
| |||||||
17,566,210 | ||||||||
|
| |||||||
Semiconductors 1.0% |
| |||||||
Micron Technology, Inc., 5.250%, 08/01/23(b) | 1,720,000 | 1,582,056 | ||||||
Micron Technology, Inc., 5.625%, 01/15/26(b) | 1,780,000 | 1,602,000 | ||||||
Micron Technology, Inc., 5.875%, 02/15/22 | 3,205,000 | 3,160,931 | ||||||
|
| |||||||
6,344,987 | ||||||||
|
|
See Notes to Financial Statements.
46
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Software 0.8% |
| |||||||
Audatex North America, Inc., 6.000%, 06/15/21(b) | 1,832,000 | 1,835,646 | ||||||
Audatex North America, Inc., 6.125%, 11/01/23(b) | 3,620,000 | 3,638,100 | ||||||
|
| |||||||
5,473,746 | ||||||||
|
| |||||||
Telecommunication Services 11.5% |
| |||||||
Altice Financing SA, 6.500%, | 3,330,000 | 3,215,148 | ||||||
Altice Financing SA, 6.625%, | 2,510,000 | 2,414,306 | ||||||
Altice Finco SA, 7.625%, 02/15/25(b) | 1,675,000 | 1,561,938 | ||||||
Avaya, Inc., 7.000%, 04/01/19(b) | 2,665,000 | 2,112,013 | ||||||
Avaya, Inc., 9.000%, 04/01/19(b) | 2,565,000 | 2,128,950 | ||||||
CenturyLink, Inc., Series V, 5.625%, 04/01/20 | 2,075,000 | 1,931,037 | ||||||
DigitalGlobe, Inc., 5.250%, 02/01/21(b) | 2,685,000 | 2,544,038 | ||||||
Intelsat Jackson Holdings SA, 7.500%, 04/01/21 | 9,304,000 | 8,582,940 | ||||||
Level 3 Financing, Inc., 6.125%, 01/15/21 | 5,500,000 | 5,654,055 | ||||||
Level 3 Financing, Inc., 8.625%, 07/15/20(e) | 6,990,000 | 7,304,550 | ||||||
Neptune Finco Corp., 6.625%, | 1,380,000 | 1,386,900 | ||||||
Neptune Finco Corp., 10.125%, | 1,750,000 | 1,769,688 | ||||||
Neptune Finco Corp., 10.875%, | 405,000 | 409,050 | ||||||
Sprint Capital Corp., 6.875%, | 9,110,000 | 6,536,425 | ||||||
Sprint Capital Corp., 8.750%, | 4,780,000 | 3,716,450 | ||||||
Sprint Communications, Inc., 11.500%, 11/15/21 | 2,325,000 | 2,301,750 | ||||||
Sprint Corp., 7.875%, 09/15/23 | 2,270,000 | 1,837,281 | ||||||
T-Mobile USA, Inc., 6.500%, 01/15/24 | 1,705,000 | 1,652,784 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 4,865,000 | 4,877,162 | ||||||
ViaSat, Inc., 6.875%, 06/15/20 | 5,985,000 | 6,284,250 | ||||||
Wind Acquisition Finance SA, 7.375%, 04/23/21(b) | 6,685,000 | 6,601,437 | ||||||
|
| |||||||
74,822,152 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Textiles 0.2% | ||||||||
AVINTIV Specialty Materials, Inc., 7.750%, 02/01/19 | 1,308,000 | 1,358,685 | ||||||
|
| |||||||
Transportation 1.3% | ||||||||
Eletson Holdings, 9.625%, 01/15/22(b) | 2,705,000 | 2,448,025 | ||||||
Florida East Coast Holdings Corp., 6.750%, 05/01/19(b) | 3,035,000 | 2,974,300 | ||||||
Hornbeck Offshore Services, Inc., 5.000%, 03/01/21 | 4,045,000 | 3,003,412 | ||||||
|
| |||||||
8,425,737 | ||||||||
|
| |||||||
Trucking & Leasing 0.2% | ||||||||
Flexi-Van Leasing, Inc., 7.875%, 08/15/18(b) | 1,600,000 | 1,620,000 | ||||||
|
| |||||||
Total Corporate Bonds | 549,633,994 | |||||||
|
| |||||||
Convertible Preferred Stock 0.3% |
| |||||||
Telecommunication Services 0.3% |
| |||||||
T-Mobile US, Inc., 5.500%, 12/15/17 | 24,985 | 1,725,464 | ||||||
|
| |||||||
Total Convertible Preferred Stock |
| 1,725,464 | ||||||
|
| |||||||
Common Stock 0.2% | ||||||||
Telecommunication Services 0.2% |
| |||||||
NII Holding, Inc.* | 174,597 | 1,136,626 | ||||||
|
| |||||||
Total Common Stock (Cost $2,946,330) | 1,136,626 | |||||||
|
| |||||||
Money Market Funds 17.8% |
| |||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(g) | 83,115,270 | 83,115,270 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(g)(h) | 33,076,072 | 33,076,072 | ||||||
|
| |||||||
Total Money Market Funds | 116,191,342 | |||||||
|
| |||||||
Total Investments |
| 691,646,102 | ||||||
Liabilities in excess of other | (39,906,813 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 651,739,289 | ||||||
|
|
See Notes to Financial Statements.
47
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Yield Fund — concluded
* | Non-income producing security. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(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 44.7% of net assets as of September 30, 2015. |
(c) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(d) | The security or a partial position of the security was on loan as of September 30, 2015. The total value of securities on loan as of September 30, 2015 was $33,205,080. |
(e) | 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. |
(f) | Perpetual maturity. |
(g) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(h) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $35,652,915. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,576,843. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2015 (See Note 2(k)). |
Investment Abbreviations
MTN | — | Medium Term Note | ||
PIK | — | Payment in-kind |
At September 30, 2015, the Fund’s open credit default swap contract was as follows:
Centrally Cleared Credit Default Swap Contract — Sell Protection
Underlying Instrument | Broker (Exchange) | Notional Amount | Fixed Rate | Expiration Date | Implied Credit Spread* | Value | Unrealized Depreciation | |||||||||||||||||||
CDX.NA.HY.23 | JPMorgan (CME) | $19,400,000 | 5.000% | 12/20/19 | 3.739% | $917,453 | $(367,181) |
The notional amount represents the maximum potential amount the Fund could be required to pay as seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in CDX.NA.HY.23.
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at September 30, 2015.
* | Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
See Notes to Financial Statements.
48
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 87.5% | ||||||||
Alabama 3.9% | ||||||||
Baldwin County Board of Education, RB, 5.000%, 06/01/31 | 6,650,000 | 7,703,227 | ||||||
Baldwin County Board of Education, RB, 5.000%, 06/01/32 | 1,000,000 | 1,153,180 | ||||||
Birmingham, Series A, GO, 0.000%, 03/01/27(a) | 2,500,000 | 2,643,950 | ||||||
Birmingham, Series A, GO, 0.000%, 03/01/37(a) | 3,000,000 | 3,037,440 | ||||||
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, | 9,000,000 | 10,560,780 | ||||||
|
| |||||||
25,098,577 | ||||||||
|
| |||||||
Alaska 7.3% | ||||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 5.500%, 09/01/23, | 18,000,000 | 20,670,480 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, Pre-refunded 09/01/2019 @ 100, AGC | 9,850,000 | 11,689,290 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC | 5,650,000 | 6,627,902 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/32, AGC | 7,250,000 | 8,603,793 | ||||||
|
| |||||||
47,591,465 | ||||||||
|
| |||||||
Arizona 1.3% | ||||||||
Salt River Project Agricultural Improvement & Power District, Series A, RB, 5.000%, 12/01/36 | 7,500,000 | 8,723,250 | ||||||
|
| |||||||
California 16.6% | ||||||||
California Health Facilities Financing Authority, Series C, RB, 6.250%, 10/01/24 | 3,500,000 | 4,068,225 |
Shares or Principal Amount($) | Value($) | |||||||
California—continued | ||||||||
California Health Facilities Financing Authority, Series C, RB, 6.500%, 10/01/38(b) | 5,400,000 | 6,314,922 | ||||||
California State,GO, 5.000%, 08/01/35 | 1,500,000 | 1,739,970 | ||||||
California State, GO, 5.000%, 03/01/45 | 3,000,000 | 3,399,540 | ||||||
California State, GO, 5.000%, 08/01/45 | 5,500,000 | 6,259,825 | ||||||
California State, GO, 6.500%, | 24,500,000 | 29,080,275 | ||||||
Los Angeles California Wastewater System, Series A, RB, 5.750%, 06/01/34, Pre-refunded 06/01/2019 @ 100 | 2,775,000 | 3,255,464 | ||||||
Los Angeles California Wastewater System, Series A, RB, 5.750%, 06/01/34 | 2,225,000 | 2,562,065 | ||||||
Los Angeles County Regional Financing Authority, Series B-2, RB, 3.000%, 11/15/20, CA MTG INS | 1,500,000 | 1,507,425 | ||||||
Midpeninsula Regional Open Space District, Series A, GO, 4.000%, 09/01/40 | 7,510,000 | 7,777,581 | ||||||
San Francisco Bay Area Rapid Transit District, Series A, RB, 5.000%, 07/01/31(c) | 1,000,000 | 1,191,290 | ||||||
San Francisco Bay Area Rapid Transit District, Series A, RB, 5.000%, 07/01/28(c) | 2,200,000 | 2,681,844 | ||||||
San Francisco Bay Area RapidTransit District, Series A, RB, 5.000%, 07/01/32(c) | 1,000,000 | 1,185,640 | ||||||
San Francisco Bay Area Rapid Transit District, Series D, GO, 5.000%, 08/01/32(c) | 8,610,000 | 10,335,014 | ||||||
San Francisco City & County Airports Commission, AMT, RB, 5.750%, 05/01/24, AGM | 5,000,000 | 5,530,000 | ||||||
University of California, Series O, RB, 5.750%, 05/15/27 | 3,000,000 | 3,509,970 |
See Notes to Financial Statements.
49
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
California—continued | ||||||||
University of California, Series O, RB, 5.750%, 05/15/28(b) | 10,000,000 | 11,699,900 | ||||||
University of California, Series O, RB, 5.750%, 05/15/29(b) | 5,095,000 | 5,961,099 | ||||||
|
| |||||||
108,060,049 | ||||||||
|
| |||||||
District of Columbia 1.4% | ||||||||
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30(b) | 8,000,000 | 9,305,520 | ||||||
|
| |||||||
Florida 4.4% | ||||||||
Florida State, Series D, GO, 5.000%, 06/01/18 | 5,000,000 | 5,561,000 | ||||||
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.000%, 07/01/23 | 2,000,000 | 2,265,060 | ||||||
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.125%, 07/01/25 | 3,000,000 | 3,407,730 | ||||||
Miami-Dade County School Board Foundation, Inc., Series A, COP, 5.000%, 05/01/25 | 6,000,000 | 7,175,520 | ||||||
Orange County School Board, Series C, COP, 5.000%, 08/01/31 | 5,000,000 | 5,822,950 | ||||||
Orlando FL Contract Tourist DE, Series A, RB, 5.250%, 11/01/34 | 3,785,000 | 4,425,308 | ||||||
|
| |||||||
28,657,568 | ||||||||
|
| |||||||
Georgia 3.0% | ||||||||
Gwinnett County School District, GO, 5.000%, 02/01/35 | 11,000,000 | 13,057,330 | ||||||
Lawrenceville Building Authority, RB, 5.000%, 04/01/34, MUN GOVT GTD | 3,865,000 | 4,417,579 | ||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/27 | 1,900,000 | 2,159,673 | ||||||
|
| |||||||
19,634,582 | ||||||||
|
| |||||||
Guam 0.2% | ||||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/28 | 1,000,000 | 1,124,010 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Hawaii 1.4% | ||||||||
University of Hawaii, Series E, RB, 5.000%, 10/01/32(c) | 8,000,000 | 8,928,000 | ||||||
|
| |||||||
Illinois 2.3% | ||||||||
Chicago IL O’ Hare International Airport Revenue, Series D, RB, 5.250%, 01/01/19, NATL-RE, AMT(b) | 7,680,000 | 7,711,181 | ||||||
Grundy Kendall & Will Counties Community School District No. 201, GO, 5.750%, 10/15/21, AGC | 4,340,000 | 4,869,610 | ||||||
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38 | 2,000,000 | 2,320,600 | ||||||
|
| |||||||
14,901,391 | ||||||||
|
| |||||||
Kansas 4.9% | ||||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(b) | 26,090,000 | 29,755,645 | ||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, Series D, RB, 5.000%, 11/15/22 | 2,000,000 | 2,166,780 | ||||||
|
| |||||||
31,922,425 | ||||||||
|
| |||||||
Kentucky 0.5% | ||||||||
Kentucky Municipal Power Agency, Series A, RB, 5.000%, 09/01/30, NATL-RE | 3,000,000 | 3,366,300 | ||||||
|
| |||||||
Maryland 2.7% | ||||||||
Maryland State, Series A, GO, 5.000%, 03/01/24 | 3,640,000 | 4,310,597 | ||||||
Maryland State, Series B, GO, 5.000%, 08/01/25 | 5,920,000 | 7,128,035 | ||||||
Montgomery County, Series A, GO, 5.000%, 11/01/27 | 5,000,000 | 6,124,050 | ||||||
|
| |||||||
17,562,682 | ||||||||
|
| |||||||
Massachusetts 4.8% | ||||||||
Commonwealth of Massachusetts, Series A, GO, 5.000%, 04/01/25 | 5,520,000 | 6,500,849 | ||||||
Massachusetts State, Series C, GO, 5.000%, 07/01/40 | 6,605,000 | 7,605,922 |
See Notes to Financial Statements.
50
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Massachusetts—continued |
| |||||||
Massachusetts State, Series C, GO, 5.000%, 07/01/45 | 7,535,000 | 8,622,451 | ||||||
Massachusetts State College Building Authority, Series B, RB, 5.000%, 05/01/34, ST INTERCEPT | 4,045,000 | 4,643,377 | ||||||
Massachusetts State College Building Authority, Series B, RB, 5.000%, 05/01/39, ST INTERCEPT | 3,250,000 | 3,693,917 | ||||||
|
| |||||||
31,066,516 | ||||||||
|
| |||||||
Michigan 2.7% | ||||||||
Michigan Finance Authority, RB, 5.000%, 07/01/21 | 14,000,000 | 15,527,540 | ||||||
Michigan State Building Authority, Series I, RB, 5.000%, 04/15/38 | 2,000,000 | 2,246,720 | ||||||
|
| |||||||
17,774,260 | ||||||||
|
| |||||||
Minnesota 1.1% | ||||||||
Minnesota State, Series A, GO, 5.000%, 08/01/30 | 6,035,000 | 7,296,375 | ||||||
|
| |||||||
Missouri 2.2% | ||||||||
Missouri State Board of Public Buildings, RB, 5.000%, 10/01/24 | 11,695,000 | 14,200,537 | ||||||
|
| |||||||
New Jersey 2.2% | ||||||||
New Jersey State Transportation Trust Fund Authority, Series A, RB, 6.000%, 06/15/35, ST APPROP | 5,305,000 | 5,878,417 | ||||||
New Jersey State Transportation Trust Fund Authority, Transportation System, Series A, RB, 6.000%, 12/15/38 | 7,710,000 | 8,389,868 | ||||||
|
| |||||||
14,268,285 | ||||||||
|
| |||||||
New York 8.6% | ||||||||
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC | 5,340,000 | 6,013,267 | ||||||
New York City Municipal Water Finance Authority, Water & Sewer System, Series A, RB, 5.750%, 06/15/40(b) | 15,330,000 | 17,131,122 |
Shares or Principal Amount($) | Value($) | |||||||
New York—continued | ||||||||
New York City Transitional Finance Authority, Building Aid, Series S-2, RB, 6.000%, 07/15/38, State Aid Withholding(b) | 7,500,000 | 8,439,000 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 02/01/28 | 5,000,000 | 5,486,000 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 02/01/34 | 4,000,000 | 4,611,840 | ||||||
New York State Dormitory Authority, Series A, RB, 5.000%, 03/15/28 | 2,500,000 | 2,985,150 | ||||||
New York State Dormitory Authority, Series A, RB, 5.000%, 03/15/30 | 9,520,000 | 11,197,234 | ||||||
|
| |||||||
55,863,613 | ||||||||
|
| |||||||
North Carolina 0.9% | ||||||||
North Carolina State, Series C, GO, 5.000%, 05/01/18 | 1,880,000 | 2,085,973 | ||||||
Raleigh NC Combined Enterprise System Revenue, Series B, RB, 5.000%, 12/01/23(c) | 2,000,000 | 2,435,100 | ||||||
Raleigh NC Combined Enterprise System Revenue, Series B, RB, 5.000%, 12/01/25(c) | 1,110,000 | 1,382,960 | ||||||
|
| |||||||
5,904,033 | ||||||||
|
| |||||||
Pennsylvania 2.9% | ||||||||
Pennsylvania Economic Development Financing Authority, RB, 5.000%, 07/01/21 | 7,500,000 | 8,171,775 | ||||||
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/23, GO of University | 6,750,000 | 7,691,828 | ||||||
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/24, GO of University | 2,500,000 | 2,846,100 | ||||||
|
| |||||||
18,709,703 | ||||||||
|
|
See Notes to Financial Statements.
51
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
South Carolina 1.9% | ||||||||
Charleston Waterworks & Sewer System Revenue, RB, 5.000%, 01/01/45 | 10,500,000 | 12,075,420 | ||||||
|
| |||||||
Texas 7.3% | ||||||||
Austin, GO, 5.000%, 09/01/32(c) | 2,850,000 | 3,368,045 | ||||||
Austin, GO, 5.000%, 09/01/34(c) | 2,140,000 | 2,508,829 | ||||||
Clint Independent School District, GO, 5.000%, 08/15/39, PSF-GTD | 2,000,000 | 2,293,560 | ||||||
Clint Independent School District, GO, 5.000%, 08/15/40, PSF-GTD | 2,000,000 | 2,286,280 | ||||||
Dallas Community College District, GO, 5.000%, 02/15/24 | 5,850,000 | 6,395,337 | ||||||
Dallas Independent School District, GO, 6.375%, 02/15/34, PSF-GTD(b) | 6,000,000 | 6,794,460 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 5.000%, 07/01/35 | 7,100,000 | 7,394,366 | ||||||
Texas State Public Finance Authority, Unemployment Comp., Series B, RB, 4.000%, 07/01/17 | 10,000,000 | 10,442,100 | ||||||
United Independent School District, GO, 5.000%, 08/15/44, PSF-GTD | 5,000,000 | 5,665,600 | ||||||
|
| |||||||
47,148,577 | ||||||||
|
| |||||||
Virginia 0.7% | ||||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/19 | 1,240,000 | 1,409,843 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/21 | 2,755,000 | 3,231,642 | ||||||
|
| |||||||
4,641,485 | ||||||||
|
| |||||||
Washington 2.3% | ||||||||
Energy Northwest, RB, 5.000%, 07/01/24, Pre-refunded 07/01/2018 @ 100 | 965,000 | 1,074,556 | ||||||
Energy Northwest, RB, 5.000%, 07/01/24 | 3,035,000 | 3,341,232 |
Shares or Principal Amount($) | Value($) | |||||||
Washington—continued | ||||||||
Washington State, Series A, GO, 5.000%, 08/01/24 | 8,880,000 | 10,472,095 | ||||||
|
| |||||||
14,887,883 | ||||||||
|
| |||||||
Total Municipal Bonds | 568,712,506 | |||||||
|
| |||||||
Money Market Fund 12.8% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(d) | 82,884,666 | 82,884,666 | ||||||
|
| |||||||
Total Money Market Fund | 82,884,666 | |||||||
|
| |||||||
Total Investments |
| 651,597,172 | ||||||
Liabilities in excess of other | (1,919,404 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 649,677,768 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2015. |
(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, 2015. |
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 | ||
CA MTG INS | — | California Mortgage Insurance | ||
COP | — | Certificate of Participation | ||
GO | — | General Obligation | ||
MUN GOVT GTD | — | Security guaranteed by Munipal Government Guaranteed Program | ||
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 | ||
ST INTERCEPT | — | State Interception |
See Notes to Financial Statements.
52
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Limited Duration Fund†
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 34.4% | ||||||||
Automobiles 8.3% | ||||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl A2B, 0.479%, 10/10/17(a) | 93,041 | 93,009 | ||||||
Harley-Davidson Motorcycle Trust, Series 2014-1, Cl A2B, 0.377%, 04/15/18(a) | 185,311 | 185,164 | ||||||
Mercedes Benz Auto Lease Trust, Series 2014-A, Cl A2B, 0.387%, 06/15/16(a) | 6,878 | 6,878 | ||||||
Nissan Master Owner Trust Receivables, Series 2013-A, Cl A, 0.507%, 02/15/18(a) | 265,000 | 264,878 | ||||||
|
| |||||||
549,929 | ||||||||
|
| |||||||
Credit Card 24.0% | ||||||||
American Express Issuance Trust II, Series 2013-1, Cl B, 0.657%, 02/15/19(a) | 400,000 | 398,930 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-1, Cl A, 0.567%, 12/16/19(a) | 300,000 | 299,332 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.557%, 03/16/20(a) | 200,000 | 199,663 | ||||||
Capital One Multi-Asset Execution Trust, Series 2006-B1, Cl B1, 0.487%, 01/15/19(a) | 300,000 | 299,573 | ||||||
Discover Card Execution Note Trust, Series 2013-A1, Cl A1, 0.507%, 08/17/20(a) | 400,000 | 399,133 | ||||||
|
| |||||||
1,596,631 | ||||||||
|
| |||||||
Student Loan Asset Backed Security 2.1% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.444%, 09/25/19(a) | 143,101 | 141,894 | ||||||
|
| |||||||
Total Asset-Backed Securities | 2,288,454 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 44.4% | ||||||||
Agency Collateralized Mortgage Obligations 44.4% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3066, Cl FG, REMIC, 0.407%, | 997,911 | 1,001,354 | ||||||
Series 4231, Cl FD, REMIC, 0.557%, | 800,004 | 800,742 | ||||||
|
| |||||||
1,802,096 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Mortgage Obligations—continued |
| |||||||
Federal National Mortgage Association | ||||||||
Series 2004-79, Cl FM, 0.494%, 11/25/24(a) | 749,059 | 750,903 | ||||||
Series 2005-107, Cl PF, 0.644%, 11/25/32(a) | 291,178 | 291,564 | ||||||
Series 2010-90, Cl MF, 0.594%, 04/25/28(a) | 104,753 | 104,832 | ||||||
|
| |||||||
1,147,299 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations |
| 2,949,395 | ||||||
|
| |||||||
U.S. Government Agency Mortgages 15.7% |
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AM6261, 0.412%, 07/01/19(a) | 620,000 | 619,924 | ||||||
Pool #AM7028, 0.431%, 10/01/19(a) | 420,000 | 420,499 | ||||||
|
| |||||||
Total U.S. Government Agency Mortgages |
| 1,040,423 | ||||||
|
| |||||||
Money Market Fund 5.5% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(b) | 366,817 | 366,817 | ||||||
|
| |||||||
Total Money Market Fund | 366,817 | |||||||
|
| |||||||
Total Investments | 6,645,089 | |||||||
Other assets in excess of liabilities — 0.0%(c) | 1,748 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 6,646,837 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(c) | Less than 0.05% of Net Assets. |
Investment Abbreviation
REMIC — Real Estate Mortgage Investment Conduit
See Notes to Financial Statements.
53
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix North Carolina Tax-Exempt Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 95.8% | ||||||||
Alabama 0.6% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 215,000 | 221,007 | ||||||
|
| |||||||
Guam 3.3% | ||||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/44, AGM | 1,000,000 | 1,130,640 | ||||||
Territory of Guam, Series D, RB, 5.000%, 11/15/39 | 100,000 | 109,563 | ||||||
|
| |||||||
1,240,203 | ||||||||
|
| |||||||
North Carolina 89.6% | ||||||||
Buncombe County Metropolitan Sewerage District, RB, 5.000%, 07/01/39 | 1,000,000 | 1,140,510 | ||||||
Charlotte Airport Revenue, Series B, AMT, RB, 5.500%, 07/01/23 | 1,200,000 | 1,382,136 | ||||||
Charlotte Storm Water Revenue, RB, 4.000%, 12/01/43 | 1,000,000 | 1,047,690 | ||||||
Charlotte Storm Water Revenue, RB, 5.000%, 12/01/15 | 1,255,000 | 1,265,442 | ||||||
Charlotte Water & Sewer System, RB, 5.000%, 07/01/21 | 1,080,000 | 1,201,727 | ||||||
Charlotte Water & Sewer System, RB, 5.000%, 07/01/40 | 1,685,000 | 1,969,596 | ||||||
Charlotte-Mecklenburg Hospital Authority (The), Series A, RB, 5.250%, 01/15/42 | 1,000,000 | 1,116,550 | ||||||
Iredell County, COP, 5.000%, 06/01/17, AMBAC | 1,020,000 | 1,052,303 | ||||||
New Hanover County Hospital, New Hanover Regional Medical Center, Series B, RB, 5.125%, 10/01/31, AGM(b) | 1,000,000 | 1,103,010 | ||||||
North Carolina Capital Facilities Finance Agency, RB, 5.000%, 04/01/30 | 1,000,000 | 1,134,190 | ||||||
North Carolina Capital Facilities Finance Agency, RB, 5.250%, 03/01/33(b) | 1,500,000 | 1,625,430 | ||||||
North Carolina Eastern Municipal Power Agency, Series B, RB, 6.250%, 01/01/23 | 1,000,000 | 1,294,960 | ||||||
North Carolina Medical Care Commission Health Care Facilities, University Health Systems, Series D, RB, 6.250%, | 1,500,000 | 1,749,480 |
Shares or Principal Amount($) | Value($) | |||||||
North Carolina—continued | ||||||||
North Carolina Municipal Power Agency No. 1, Series A, RB, 5.000%, | 2,000,000 | 2,207,280 | ||||||
North Carolina State, RB, 5.000%, 03/01/27 | 1,000,000 | 1,172,300 | ||||||
North Carolina State, Series A, GO, 5.000%, 06/01/17 | 1,950,000 | 2,095,743 | ||||||
North Carolina State Ports Authority Facilities, Series A, RB, 5.250%, 02/01/40(b) | 1,500,000 | 1,681,830 | ||||||
North Carolina State University at Raleigh, Series A, RB, 5.000%, 10/01/37 | 2,000,000 | 2,279,660 | ||||||
Pitt County, RB, 4.000%, 04/01/16 | 1,325,000 | 1,349,910 | ||||||
Pitt County, RB, 5.000%, 04/01/28 | 1,000,000 | 1,186,810 | ||||||
Raleigh Combined Enterprise System Revenue, Series B, RB, 5.000%, 12/01/24(c) | 1,000,000 | 1,233,460 | ||||||
Raleigh Durham Airport Authority, Series B, AMT, RB, 5.000%, 05/01/22 | 1,405,000 | 1,656,959 | ||||||
University of North Carolina at Charlotte, RB, 5.000%, 04/01/45 | 1,750,000 | 1,960,647 | ||||||
|
| |||||||
33,907,623 | ||||||||
|
| |||||||
South Carolina 2.3% | ||||||||
South Carolina State Public Service Authority, Series A, RB, 5.750%, 12/01/43 | 750,000 | 889,463 | ||||||
|
| |||||||
Total Municipal Bonds | 36,258,296 | |||||||
|
| |||||||
Money Market Fund 6.2% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(d) | 2,345,481 | 2,345,481 | ||||||
|
| |||||||
Total Money Market Fund | 2,345,481 | |||||||
|
| |||||||
Total Investments | 38,603,777 | |||||||
Liabilities in excess of other assets — (2.0)% | (767,802 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 37,835,975 | ||||||
|
|
See Notes to Financial Statements.
54
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix North Carolina Tax-Exempt Bond Fund† — concluded
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2015. |
(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, 2015. |
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 | ||
COP | — | Certificate of Participation | ||
GO | — | General Obligation | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
55
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Short-Term Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 9.0% | ||||||||
Automobiles 1.9% | ||||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl A2A, 0.540%, 10/10/17 | 98,026 | 97,955 | ||||||
California Republic Auto Receivables Trust, Series 2014-1, Cl A3, 0.850%, 05/15/18 | 196,547 | 196,443 | ||||||
Ford Credit Auto Owner Trust, Series 2014-A, Cl A3, 0.790%, 05/15/18 | 530,344 | 530,324 | ||||||
Nissan Auto Lease Trust, Series 2015-A, Cl A2A, 0.990%, 11/15/17 | 245,000 | 245,440 | ||||||
|
| |||||||
1,070,162 | ||||||||
|
| |||||||
Credit Card 4.6% | ||||||||
BA Credit Card Trust, Series 2015-A2, Cl A, 1.360%, 09/15/20 | 490,000 | 490,895 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.557%, 03/16/20(a) | 627,000 | 625,943 | ||||||
Capital One Multi-Asset Execution Trust, Series 2014-A5, Cl A, 1.480%, 07/15/20 | 325,000 | 327,197 | ||||||
Capital One Multi-Asset Execution Trust, Series 2015-A1, Cl A, 1.390%, 01/15/21 | 312,000 | 313,070 | ||||||
Chase Issuance Trust, Series 2014-A7, Cl A, 1.380%, 11/15/19 | 500,000 | 503,019 | ||||||
Discover Card Execution Note Trust, Series 2013-A1, Cl A1, 0.507%, 08/17/20(a) | 272,000 | 271,411 | ||||||
|
| |||||||
2,531,535 | ||||||||
|
| |||||||
Other 2.0% | ||||||||
AEP Texas Central Transition Funding III LLC, Series 2012-1, Cl A1, 0.880%, 12/01/18 | 322,836 | 322,737 | ||||||
Centerpoint Energy Transition Bond Co. II LLC, Series 2005-A, Cl A4, 5.170%, 08/01/19 | 89,537 | 92,957 | ||||||
CenterPoint Energy Transition Bond Co. IV LLC, Series 2012-1, Cl A1, 0.901%, 04/15/18 | 215,282 | 215,486 |
Shares or Principal Amount($) | Value($) | |||||||
Other—continued | ||||||||
Ohio Phase-In-Recovery Funding LLC, Series 2013-1, Cl A1, 0.958%, 07/01/18 | 422,941 | 422,990 | ||||||
Oncor Electric Delivery Transition Bond Co. LLC, Series 2004-1, Cl A3, 5.290%, 05/15/18 | 30,321 | 30,778 | ||||||
|
| |||||||
1,084,948 | ||||||||
|
| |||||||
Student Loan Asset Backed Security 0.5% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.444%, 09/25/19(a) | 279,047 | 276,694 | ||||||
|
| |||||||
Total Asset-Backed Securities | 4,963,339 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 10.9% | ||||||||
Agency Collateralized Mortgage Obligations 0.6% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3772, Cl HE, REMIC, 2.500%, 10/15/18 | 96,399 | 97,935 | ||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2010-153, Cl AB, REMIC, 2.000%, 11/25/18 | 152,938 | 154,856 | ||||||
Series 2010-153, Cl AC, REMIC, 2.000%, 11/25/18 | 99,410 | 100,778 | ||||||
|
| |||||||
255,634 | ||||||||
|
| |||||||
353,569 | ||||||||
|
| |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 0.2% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3864, Cl KM, REMIC, 3.000%, 02/15/41 | 78,720 | 81,122 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 10.1% |
| |||||||
Citigroup Commercial Mortgage Trust | ||||||||
Series 2012-GC8, Cl A1, 0.685%, 09/10/45 | 40,050 | 39,985 | ||||||
|
| |||||||
Commercial Mortgage Trust | ||||||||
Series 2012-9W57, Cl A, 2.365%, | 500,000 | 506,889 | ||||||
Series 2013-CR9, Cl A1, 1.344%, | 398,036 | 397,997 | ||||||
|
| |||||||
904,886 | ||||||||
|
| |||||||
Credit Suisse Commercial Mortgage Trust | ||||||||
Series 2006-C5, Cl A3, 5.311%, 12/15/39 | 538,067 | 549,584 | ||||||
|
|
See Notes to Financial Statements.
56
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Short-Term Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2011-GC5, Cl A2, 2.999%, 08/10/44 | 304,345 | 307,887 | ||||||
Series 2012-GCJ7, Cl A2, 2.318%, 05/10/45 | 385,000 | 389,303 | ||||||
Series 2013-GC14, Cl A1, 1.217%, 08/10/46 | 58,387 | 58,411 | ||||||
|
| |||||||
755,601 | ||||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2010-C2, Cl A2, 3.616%, 11/15/43(b) | 780,000 | 808,050 | ||||||
Series 2013-C13, Cl A1, 1.303%, 01/15/46 | 370,192 | 371,065 | ||||||
|
| |||||||
1,179,115 | ||||||||
|
| |||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||
Series 2013-C12, Cl A1, 1.313%, 10/15/46 | 451,890 | 450,284 | ||||||
Series 2014-C14, Cl A1, 1.250%, 02/15/47 | 134,908 | 134,282 | ||||||
|
| |||||||
584,566 | ||||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2012-C4, Cl A3, 2.991%, 03/15/45 | 196,000 | 202,473 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2012-C10, Cl A2, 1.765%, 12/15/45 | 600,000 | 602,927 | ||||||
Series 2012-C8, Cl A2, 1.881%, 08/15/45 | 785,731 | 791,714 | ||||||
|
| |||||||
1,394,641 | ||||||||
|
| |||||||
5,610,851 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations |
| 6,045,542 | ||||||
|
| |||||||
Corporate Bonds 38.7% | ||||||||
Aerospace/Defense 2.3% | ||||||||
Boeing Co. (The), 0.422%, 10/30/17(a) | 530,000 | 528,060 | ||||||
Harris Corp., 1.999%, 04/27/18 | 368,000 | 366,661 | ||||||
L-3 Communications Corp., 1.500%, 05/28/17 | 379,000 | 375,536 | ||||||
|
| |||||||
1,270,257 | ||||||||
|
| |||||||
Auto Manufacturers 0.8% | ||||||||
PACCAR Financial Corp., 0.932%, 12/06/18, MTN(a) | 200,000 | 200,659 |
Shares or Principal Amount($) | Value($) | |||||||
Auto Manufacturers—continued | ||||||||
PACCAR Financial Corp., 1.450%, 03/09/18, MTN | 239,000 | 239,301 | ||||||
|
| |||||||
439,960 | ||||||||
|
| |||||||
Banks 11.5% | ||||||||
Bank of America Corp., 3.625%, 03/17/16, MTN | 835,000 | 846,018 | ||||||
Citigroup, Inc., 1.350%, 03/10/17 | 541,000 | 540,024 | ||||||
Credit Suisse New York, 1.375%, 05/26/17, MTN | 845,000 | 844,230 | ||||||
Fifth Third Bank, 0.900%, 02/26/16 | 215,000 | 215,009 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 783,000 | 855,434 | ||||||
ING Bank NV, 1.800%, 03/16/18(b) | 414,000 | 414,598 | ||||||
JPMorgan Chase & Co., 6.125%, 06/27/17 | 558,000 | 599,731 | ||||||
Lloyds Bank PLC, 1.750%, 05/14/18 | 543,000 | 541,904 | ||||||
Morgan Stanley, 5.375%, 10/15/15 | 410,000 | 410,693 | ||||||
UBS AG/Stamford CT, 1.800%, 03/26/18, MTN | 383,000 | 382,805 | ||||||
Wells Fargo & Co., 1.250%, 07/20/16 | 740,000 | 743,185 | ||||||
|
| |||||||
6,393,631 | ||||||||
|
| |||||||
Biotechnology 0.6% | ||||||||
Celgene Corp., 2.125%, 08/15/18 | 309,000 | 311,447 | ||||||
|
| |||||||
Commercial Services 1.1% | ||||||||
ERAC USA Finance LLC, 1.400%, | 632,000 | 632,411 | ||||||
|
| |||||||
Computers 0.9% | ||||||||
Apple, Inc., 1.050%, 05/05/17 | 266,000 | 267,025 | ||||||
Hewlett-Packard Enterprise Co., 2.850%, 10/05/18(b)(c) | 257,000 | 256,671 | ||||||
|
| |||||||
523,696 | ||||||||
|
| |||||||
Diversified Financial Services 3.8% |
| |||||||
AerCap Ireland Capital Ltd./AerCap Global Aviation Trust, 2.750%, 05/15/17 | 150,000 | 147,750 | ||||||
Air Lease Corp., 2.625%, 09/04/18 | 266,000 | 265,648 | ||||||
American Express Credit Corp., 1.300%, 07/29/16 | 916,000 | 919,536 | ||||||
General Electric Capital Corp., 2.450%, 03/15/17, MTN | 766,000 | 781,955 | ||||||
|
| |||||||
2,114,889 | ||||||||
|
|
See Notes to Financial Statements.
57
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Short-Term Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Electric 0.3% | ||||||||
Duke Energy Corp., 0.705%, 04/03/17(a) | 141,000 | 140,603 | ||||||
|
| |||||||
Electronics 0.3% | ||||||||
Corning, Inc., 1.500%, 05/08/18 | 180,000 | 180,155 | ||||||
|
| |||||||
Healthcare-Products 1.4% | ||||||||
Becton Dickinson and Co., 1.800%, 12/15/17 | 265,000 | 266,161 | ||||||
Medtronic, Inc., 1.500%, 03/15/18 | 498,000 | 496,004 | ||||||
|
| |||||||
762,165 | ||||||||
|
| |||||||
Healthcare-Services 0.6% | ||||||||
UnitedHealth Group, Inc., 1.875%, 11/15/16 | 349,000 | 352,993 | ||||||
|
| |||||||
Information Technology 1.2% | ||||||||
Oracle Corp., 0.484%, 07/07/17(a) | 683,000 | 682,518 | ||||||
|
| |||||||
Insurance 2.6% | ||||||||
Berkshire Hathaway, Inc., 1.900%, 01/31/17 | 596,000 | 603,989 | ||||||
MetLife, Inc., 6.750%, 06/01/16 | 800,000 | 831,602 | ||||||
|
| |||||||
1,435,591 | ||||||||
|
| |||||||
Machinery-Diversified 1.0% | ||||||||
John Deere Capital Corp., 1.350%, 01/16/18, MTN | 528,000 | 527,908 | ||||||
|
| |||||||
Oil & Gas 3.7% | ||||||||
BP Capital Markets PLC, 3.200%, 03/11/16 | 325,000 | 328,814 | ||||||
Chevron Corp., 1.365%, 03/02/18 | 552,000 | 552,500 | ||||||
Chevron Phillips Chemical Co. LLC, 1.700%, 05/01/18(b) | 602,000 | 600,639 | ||||||
Exxon Mobil Corp., 1.305%, 03/06/18 | 553,000 | 554,305 | ||||||
|
| |||||||
2,036,258 | ||||||||
|
| |||||||
Pharmaceuticals 1.0% | ||||||||
AbbVie, Inc., 1.800%, 05/14/18 | 318,000 | 317,117 | ||||||
Actavis Funding SCS, 2.350%, 03/12/18 | 263,000 | 264,047 | ||||||
|
| |||||||
581,164 | ||||||||
|
| |||||||
Pipelines 1.3% | ||||||||
Columbia Pipeline Group, Inc., 2.450%, 06/01/18(b) | 280,000 | 280,541 | ||||||
Kinder Morgan, Inc., 2.000%, 12/01/17 | 269,000 | 267,051 | ||||||
Spectra Energy Partners LP, 2.950%, 09/25/18 | 158,000 | 160,198 | ||||||
|
| |||||||
707,790 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Retail 0.6% | ||||||||
CVS Health Corp., 1.900%, 07/20/18 | 306,000 | 308,040 | ||||||
|
| |||||||
Semiconductors 1.1% | ||||||||
Intel Corp., 1.350%, 12/15/17 | 429,000 | 428,233 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(b) | 200,000 | 198,187 | ||||||
|
| |||||||
626,420 | ||||||||
|
| |||||||
Telecommunication Services 1.6% | �� | |||||||
American Tower Corp., 4.500%, 01/15/18 | 225,000 | 236,690 | ||||||
AT&T, Inc., 5.500%, 02/01/18 | 488,000 | 528,768 | ||||||
Verizon Communications, Inc., 2.500%, 09/15/16 | 97,000 | 98,333 | ||||||
|
| |||||||
863,791 | ||||||||
|
| |||||||
Transportation 1.0% | ||||||||
Canadian National Railway Co., 0.479%, 11/14/17(a) | 554,000 | 548,927 | ||||||
|
| |||||||
Total Corporate Bonds | 21,440,614 | |||||||
|
| |||||||
Municipal Bonds 3.3% | ||||||||
Louisiana 1.0% | ||||||||
Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2010-ELL, CI A3, RB, 3.450%, 02/01/22 | 515,000 | 537,758 | ||||||
|
| |||||||
New Jersey 1.0% | ||||||||
New Jersey Economic Development Authority, Series Q, RB, 1.096%, 06/15/16 | 530,000 | 528,919 | ||||||
|
| |||||||
South Carolina 1.3% | ||||||||
South Carolina State Public Service Authority, Series D, RB, 1.297%, 06/01/16(a) | 725,000 | 725,717 | ||||||
|
| |||||||
Total Municipal Bonds | 1,792,394 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 10.5% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #J06026, 5.500%, 11/01/20 | 133,409 | 138,107 | ||||||
Pool #G14525, 2.500%, 08/01/22 | 237,755 | 245,144 | ||||||
Pool #J22421, 2.000%, 02/01/23 | 157,624 | 160,027 | ||||||
Pool #J23435, 2.500%, 04/01/23 | 614,205 | 633,177 | ||||||
Pool #J28472, 3.000%, 06/01/24 | 1,303,733 | 1,364,352 | ||||||
|
| |||||||
2,540,807 | ||||||||
|
|
See Notes to Financial Statements.
58
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Short-Term Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AL5640, 2.283%, 08/01/44(a) | 325,606 | 335,888 | ||||||
Pool #AX3644, 2.391%, 10/01/44(a) | 350,279 | 361,703 | ||||||
Pool #AX2167, 2.480%, 11/01/44(a) | 1,736,187 | 1,797,700 | ||||||
Pool #AX5937, 2.549%, 11/01/44(a) | 764,282 | 792,217 | ||||||
|
| |||||||
3,287,508 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages |
| 5,828,315 | ||||||
|
| |||||||
U.S. Treasury Obligations 25.1% | ||||||||
U.S. Treasury Notes 25.1% | ||||||||
0.625%, 04/30/18 | 6,883,000 | 6,847,690 | ||||||
1.375%, 07/31/18 | 4,327,000 | 4,384,973 | ||||||
1.250%, 10/31/18 | 2,660,000 | 2,682,722 | ||||||
|
| |||||||
Total U.S. Treasury Obligations | 13,915,385 | |||||||
|
| |||||||
Money Market Fund 2.2% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(d) | 1,197,321 | 1,197,321 | ||||||
|
| |||||||
Total Money Market Fund | 1,197,321 | |||||||
|
| |||||||
Total Investments | 55,182,910 | |||||||
Other assets in excess of liabilities — 0.3% | 189,814 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 55,372,724 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(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 6.7% of net assets as of September 30, 2015. |
(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, 2015. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit |
See Notes to Financial Statements.
59
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Short-Term Municipal Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 84.1% | ||||||||
Alabama 3.3% | ||||||||
Baldwin County Board of Education, RB, 5.000%, 06/01/19 | 1,250,000 | 1,424,662 | ||||||
|
| |||||||
Arizona 4.7% | ||||||||
Arizona Department of Transportation State Highway Fund Revenue, RB, 5.000%, 07/01/25, Pre-refunded 07/01/2016 @ 100 | 1,000,000 | 1,035,850 | ||||||
Phoenix Civic Improvement Corp., Series B, RB, 5.000%, 07/01/16 | 1,000,000 | 1,036,010 | ||||||
|
| |||||||
2,071,860 | ||||||||
|
| |||||||
California 7.7% | ||||||||
California Municipal Finance Authority, Series A, RB, 4.000%, 06/01/21 | 200,000 | 217,494 | ||||||
California State, GO, 5.000%, 08/01/17 | 1,000,000 | 1,081,200 | ||||||
California State, GO, 5.000%, 08/01/20 | 500,000 | 587,500 | ||||||
Los Angeles County Regional Financing Authority, Series B-1, RB, 3.000%, 11/15/21, CA MTG INS | 1,500,000 | 1,507,140 | ||||||
|
| |||||||
3,393,334 | ||||||||
|
| |||||||
District of Columbia 2.6% | ||||||||
District of Columbia Water & Sewer Authority, Series A, RB, 6.000%, 10/01/35, Pre-refunded 10/01/2018 @ 100 | 1,000,000 | 1,151,880 | ||||||
|
| |||||||
Indiana 2.4% | ||||||||
Indiana University, Series R, RB, 5.000%, 08/01/16, AMBAC | 1,000,000 | 1,039,970 | ||||||
|
| |||||||
Maine 4.4% | ||||||||
Maine Municipal Bond Bank, Series D, RB, 5.000%, 11/01/18(a) | 1,720,000 | 1,929,255 | ||||||
|
| |||||||
Maryland 6.2% | ||||||||
Maryland State, Series A, GO, 5.000%, 11/01/16 | 1,000,000 | 1,050,950 | ||||||
Maryland State Transportation Authority, Transportation Facilities Project, RB, 5.000%, 07/01/23(b) | 500,000 | 552,030 |
Shares or Principal Amount($) | Value($) | |||||||
Maryland—continued | ||||||||
Montgomery County, Series A, GO, 5.000%, 07/01/17 | 1,040,000 | 1,121,182 | ||||||
|
| |||||||
2,724,162 | ||||||||
|
| |||||||
Michigan 3.9% | ||||||||
University of Michigan, Series A, RB, 0.010%, 04/01/38(b)(c) | 1,700,000 | 1,700,000 | ||||||
|
| |||||||
Missouri 3.0% | ||||||||
Missouri State Board of Public Buildings, Series B, RB, 4.000%, 04/01/18 | 1,235,000 | 1,334,986 | ||||||
|
| |||||||
Nevada 2.4% | ||||||||
Clark County Department of Aviation, Series B, AMT, RB, 5.000%, 07/01/17 | 1,000,000 | 1,070,760 | ||||||
|
| |||||||
North Carolina 2.6% | ||||||||
Raleigh Combined Enterprise System Revenue, Series B, RB, 5.000%, 12/01/18(a) | 1,000,000 | 1,116,210 | ||||||
|
| |||||||
Rhode Island 7.3% | ||||||||
Rhode Island Health & Educational Building Corp., RB, 4.000%, 05/15/20, AGM, ST APPROP | 750,000 | 822,938 | ||||||
State of Rhode Island, GO, 5.000%, 08/01/18(b) | 2,150,000 | 2,389,832 | ||||||
|
| |||||||
3,212,770 | ||||||||
|
| |||||||
South Carolina 4.3% | ||||||||
SCAGO Educational Facilities Corp. for Pickens School District, RB, 5.000%, 12/01/16 | 750,000 | 789,435 | ||||||
South Carolina State Public Service Authority, Series C, RB, 5.000%, 12/01/17(a) | 1,000,000 | 1,090,100 | ||||||
|
| |||||||
1,879,535 | ||||||||
|
| |||||||
Texas 19.8% | ||||||||
Arlington Higher Education Finance Corp., RB, 2.000%, 02/15/16, PSF-GTD | 500,000 | 503,095 | ||||||
Harris County, Series A, GO, 5.000%, 10/01/18 | 1,000,000 | 1,122,290 | ||||||
Metropolitan Transit Authority of Harris County, Series A, RB, 5.000%, 08/15/18 | 1,255,000 | 1,400,906 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 4.000%, 04/01/17, AGM | 200,000 | 208,836 |
See Notes to Financial Statements.
60
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Short-Term Municipal Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
Texas—continued | ||||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 4.000%, 04/01/18, AGM | 200,000 | 212,670 | ||||||
Nueces River Authority, RB, 3.000%, 07/15/17 | 1,000,000 | 1,039,780 | ||||||
Plano, GO, 5.000%, 09/01/18 | 1,000,000 | 1,115,700 | ||||||
Texas Public Finance Authority, Series B, RB, 4.000%, 01/01/18(b) | 3,000,000 | 3,083,100 | ||||||
|
| |||||||
8,686,377 | ||||||||
|
| |||||||
Virginia 4.3% | ||||||||
Chesterfield County, GO, 4.000%, 01/01/17, State Aid Withholding | 1,795,000 | 1,875,901 | ||||||
|
| |||||||
Washington 5.2% | ||||||||
Port of Seattle, AMT, GO, 5.250%, 12/01/20 | 1,030,000 | 1,202,309 | ||||||
Snohomish County Public Utility District No. 1, RB, 5.000%, 12/01/16 | 1,000,000 | 1,054,470 | ||||||
|
| |||||||
2,256,779 | ||||||||
|
| |||||||
Total Municipal Bonds | 36,868,441 | |||||||
|
| |||||||
Money Market Fund 18.1% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(d) | 7,923,320 | 7,923,320 | ||||||
|
| |||||||
Total Money Market Fund | 7,923,320 | |||||||
|
| |||||||
Total Investments | 44,791,761 | |||||||
Liabilities in excess of other assets — (2.2)% | (944,224 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 43,847,537 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(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, 2015. |
(d) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
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 | ||
CA MTG INS | — | California Mortgage Insurance | ||
GO | — | General Obligation | ||
PSF-GTD | — | Security guaranteed by Permanent School Fund Guarantee Program | ||
RB | — | Revenue Bond | ||
ST APPROP | — | State Appropriation |
See Notes to Financial Statements.
61
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 2.6% | ||||||||
Automobiles 0.2% | ||||||||
Ford Credit Auto Owner Trust, Series 2015-2, Cl A, 2.440%, 01/15/27(a) | 1,840,000 | 1,869,858 | ||||||
|
| |||||||
Credit Card 1.1% |
| |||||||
Barclays Dryrock Issuance Trust, Series 2014-3, Cl A, 2.410%, 07/15/22 | 4,970,000 | 5,084,365 | ||||||
Cabela’s Credit Card Master Note Trust, Series 2015-2, Cl A1, 2.250%, 07/17/23 | 2,630,000 | 2,641,575 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.557%, 03/16/20(b) | 2,851,000 | 2,846,196 | ||||||
Capital One Multi-Asset Execution Trust, Series 2006-B1, Cl B1, 0.487%, 01/15/19(b) | 2,624,000 | 2,620,266 | ||||||
|
| |||||||
13,192,402 | ||||||||
|
| |||||||
Other 1.3% |
| |||||||
DB Master Finance LLC, Series 2015-1A, Cl A2II, 3.980%, 02/20/45(a) | 6,139,150 | 6,191,996 | ||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(a) | 6,976,325 | 7,185,377 | ||||||
SBA Tower Trust, Series 2014-2A, Cl C, 3.869%, 10/15/49(a) | 1,087,000 | 1,105,967 | ||||||
|
| |||||||
14,483,340 | ||||||||
|
| |||||||
Total Asset-Backed Securities (Cost $29,247,320) | 29,545,600 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 5.3% | ||||||||
Agency Collateralized Mortgage Obligation 0.2% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3768, Cl CB, 3.500%, 12/15/25 | 2,489,874 | 2,678,591 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 5.1% |
| |||||||
Extended Stay America Trust | ||||||||
Series 2013-ESH5, Cl B5, 2.278%, 12/05/31(a) | 2,940,000 | 2,938,089 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series KP02, Cl A2, 2.355%, 04/25/21(b) | 9,935,000 | 10,126,017 | ||||||
|
| |||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2012-ALOH, Cl A, 3.551%, 04/10/34(a) | 8,728,000 | 9,161,206 | ||||||
Series 2012-BWTR, Cl A, 2.954%, 11/05/34(a) | 3,010,000 | 3,040,157 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(a) | 2,890,000 | �� | 2,921,235 | |||||
|
| |||||||
15,122,598 | ||||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2010-C1, Cl A2, 4.592%, 08/10/43(a) | 3,822,000 | 4,194,137 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2011-C3, Cl D, 5.734%, 02/15/46(a)(b) | 6,522,000 | 7,026,399 | ||||||
Series 2012-HSBC, Cl B, 3.722%, 07/05/32(a) | 1,790,000 | 1,862,144 | ||||||
|
| |||||||
8,888,543 | ||||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2014-CPT, Cl A, 3.350%, 07/13/29(a) | 4,815,000 | 4,991,113 | ||||||
|
| |||||||
VNDO 2013-PENN Mortgage Trust | ||||||||
Series 2013-PENN, Cl A, 3.808%, 12/13/29(a) | 3,315,000 | 3,547,756 | ||||||
|
| |||||||
Wells Fargo Commercial Mortgage Trust | ||||||||
Series 2013-BTC, Cl A, 3.544%, 04/16/35(a) | 2,900,000 | 3,029,169 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2011-C3, Cl D, 5.724%, 03/15/44(a)(b) | 4,794,367 | 5,085,644 | ||||||
|
| |||||||
57,923,066 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 60,601,657 | |||||||
|
| |||||||
Bank Loans 0.0%(c) | ||||||||
Healthcare 0.0%(c) | ||||||||
Allscripts Healthcare Solutions, Inc., Term Loan A, 5.000%, 06/28/18(a)(b) | 113,750 | 113,466 | ||||||
|
|
See Notes to Financial Statements.
62
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Information Technology 0.0%(c) |
| |||||||
Semiconductor Components Industries, LLC, Term Loan A, 2.034%, 01/02/18(b)(d) | 264,688 | 258,070 | ||||||
|
| |||||||
Total Bank Loans | 371,536 | |||||||
|
| |||||||
Corporate Bonds 24.2% | ||||||||
Aerospace/Defense 0.3% | ||||||||
L-3 Communications Corp., 3.950%, 05/28/24 | 3,193,000 | 3,060,963 | ||||||
|
| |||||||
Agriculture 0.2% | ||||||||
Japan Tobacco, Inc., 2.100%, 07/23/18(a) | 2,346,000 | 2,366,954 | ||||||
|
| |||||||
Airlines 1.0% | ||||||||
American Airlines Pass Through Trust, Series 2013-2, 4.950%, 01/15/23 | 4,661,113 | 4,975,738 | ||||||
American Airlines Pass Through Trust, Series 2015-2, 3.600%, 09/22/27 | 1,887,000 | 1,893,982 | ||||||
Delta Air Lines Pass Through Trust, Series 2015-1, 3.625%, 09/30/27 | 885,000 | 891,637 | ||||||
Spirit Airlines Pass Through Trust, Series 2015-1, 4.100%, 04/01/28 | 1,820,000 | 1,833,650 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl A, 4.000%, 04/11/26 | 1,404,000 | 1,435,590 | ||||||
|
| |||||||
11,030,597 | ||||||||
|
| |||||||
Auto Manufacturers 1.0% | ||||||||
Daimler Finance North America LLC, 2.250%, 03/02/20(a) | 1,622,000 | 1,573,901 | ||||||
Ford Motor Credit Co. LLC, 2.145%, 01/09/18 | 700,000 | 697,618 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 1,660,000 | 1,765,555 | ||||||
General Motors Co., 5.200%, 04/01/45 | 5,520,000 | 5,180,205 | ||||||
Harley-Davidson Financial Services, Inc., 2.150%, 02/26/20(a) | 1,361,000 | 1,357,687 |
Shares or Principal Amount($) | Value($) | |||||||
Auto Manufacturers—continued |
| |||||||
Volkswagen International Finance, 2.375%, 03/22/17(a) | 1,539,000 | 1,516,535 | ||||||
|
| |||||||
12,091,501 | ||||||||
|
| |||||||
Auto Parts & Equipment 0.5% |
| |||||||
Lear Corp., 4.750%, 01/15/23 | 1,338,000 | 1,311,240 | ||||||
Magna International, Inc., 4.150%, 10/01/25 | 4,038,000 | 4,038,347 | ||||||
|
| |||||||
5,349,587 | ||||||||
|
| |||||||
Banks 5.2% | ||||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 3,033,000 | 3,040,971 | ||||||
Bank of America NA, 1.750%, 06/05/18 | 1,300,000 | 1,296,923 | ||||||
Citigroup, Inc., 4.450%, 09/29/27 | 4,591,000 | 4,566,241 | ||||||
Citigroup, Inc., Series Q, 5.950%(b)(e) | 4,021,000 | 3,965,711 | ||||||
Credit Suisse Group Funding Guernsey Ltd., 2.750%, 03/26/20(a) | 1,645,000 | 1,640,404 | ||||||
Credit Suisse Group Funding Guernsey Ltd., 3.750%, 03/26/25(a) | 1,750,000 | 1,699,519 | ||||||
Discover Bank, 3.100%, 06/04/20 | 2,798,000 | 2,825,085 | ||||||
Goldman Sachs Group, Inc. (The), Series M, 5.375%(b)(e) | 2,507,000 | 2,449,026 | ||||||
Huntington National Bank (The), 1.300%, 11/20/16 | 1,869,000 | 1,870,903 | ||||||
ING Bank NV, 1.800%, 03/16/18(a) | 1,452,000 | 1,454,097 | ||||||
JPMorgan Chase & Co., 2.250%, 01/23/20 | 3,742,000 | 3,710,870 | ||||||
KeyCorp, 2.900%, 09/15/20, MTN | 2,118,000 | 2,133,843 | ||||||
Lloyds Bank PLC, 2.700%, 08/17/20 | 2,237,000 | 2,269,099 | ||||||
Morgan Stanley, 2.650%, 01/27/20 | 2,379,000 | 2,390,245 | ||||||
Morgan Stanley, 3.950%, 04/23/27 | 1,498,000 | 1,442,691 | ||||||
Morgan Stanley, 4.300%, 01/27/45 | 6,246,000 | 5,936,061 | ||||||
Regions Bank, 2.250%, 09/14/18 | 1,095,000 | 1,099,383 |
See Notes to Financial Statements.
63
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Santander UK Group Holdings PLC, 4.750%, 09/15/25(a) | 4,174,000 | 4,139,080 | ||||||
UBS AG, 2.375%, 08/14/19, MTN | 4,079,000 | 4,096,499 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 4,320,000 | 4,389,543 | ||||||
US Bank NA, 1.100%, 01/30/17 | 2,968,000 | 2,972,615 | ||||||
|
| |||||||
59,388,809 | ||||||||
|
| |||||||
Beverages 0.2% | ||||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(a) | 2,020,000 | 2,047,141 | ||||||
|
| |||||||
Biotechnology 0.3% |
| |||||||
Biogen, Inc., 5.200%, 09/15/45 | 1,850,000 | 1,866,739 | ||||||
Celgene Corp., 4.625%, 05/15/44 | 1,038,000 | 984,830 | ||||||
Celgene Corp., 5.000%, 08/15/45 | 1,217,000 | 1,207,140 | ||||||
|
| |||||||
4,058,709 | ||||||||
|
| |||||||
Commercial Services 0.4% |
| |||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(a) | 935,000 | 953,515 | ||||||
ERAC USA Finance LLC, 3.850%, 11/15/24(a) | 1,167,000 | 1,184,765 | ||||||
ERAC USA Finance LLC, 4.500%, 02/15/45(a) | 1,078,000 | 996,944 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(a) | 1,149,000 | 1,283,070 | ||||||
|
| |||||||
4,418,294 | ||||||||
|
| |||||||
Computers 0.5% |
| |||||||
Apple, Inc., 2.850%, 05/06/21 | 4,070,000 | 4,174,111 | ||||||
Hewlett-Packard Enterprise Co., 6.350%, 10/15/45(a)(f) | 1,725,000 | 1,723,827 | ||||||
|
| |||||||
5,897,938 | ||||||||
|
| |||||||
Diversified Financial Services 1.6% |
| |||||||
AerCap Ireland Capital Ltd./AerCap Global Aviation Trust, 2.750%, 05/15/17 | 3,486,000 | 3,433,710 | ||||||
Air Lease Corp., 2.625%, 09/04/18 | 5,155,000 | 5,148,190 | ||||||
American Express Credit Corp., 2.375%, 03/24/17, MTN | 1,487,000 | 1,510,359 |
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services—continued |
| |||||||
Lazard Group LLC, 3.750%, 02/13/25 | 5,127,000 | 4,892,101 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(a) | 1,291,000 | 1,307,679 | ||||||
TD Ameritrade Holding Corp., 2.950%, 04/01/22 | 1,836,000 | 1,848,915 | ||||||
|
| |||||||
18,140,954 | ||||||||
|
| |||||||
Electric 0.7% |
| |||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 1,331,000 | 1,602,705 | ||||||
Dominion Resources, Inc., 1.950%, 08/15/16 | 468,000 | 471,170 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 1,189,000 | 1,289,586 | ||||||
FirstEnergy Transmission LLC, 5.450%, 07/15/44(a) | 4,376,000 | 4,508,987 | ||||||
|
| |||||||
7,872,448 | ||||||||
|
| |||||||
Healthcare-Products 0.3% |
| |||||||
Becton Dickinson and Co., 4.685%, 12/15/44 | 964,000 | 964,800 | ||||||
Medtronic, Inc., 3.500%, 03/15/25 | 730,000 | 744,851 | ||||||
Medtronic, Inc., 4.625%, 03/15/45 | 2,024,000 | 2,086,941 | ||||||
|
| |||||||
3,796,592 | ||||||||
|
| |||||||
Healthcare-Services 0.2% |
| |||||||
Howard Hughes Medical Institute, 3.500%, 09/01/23 | 1,842,000 | 1,928,027 | ||||||
|
| |||||||
Insurance 0.7% |
| |||||||
American International Group, Inc., 4.800%, 07/10/45 | 1,686,000 | 1,721,173 | ||||||
Arch Capital Group US, Inc., 5.144%, 11/01/43 | 2,699,000 | 2,785,317 | ||||||
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(a)(g) | 381,000 | 406,302 | ||||||
Nationwide Financial Services, Inc., 5.375%, 03/25/21(a) | 2,212,000 | 2,467,698 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 1,080,000 | 1,163,886 | ||||||
|
| |||||||
8,544,376 | ||||||||
|
|
See Notes to Financial Statements.
64
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Media 0.7% | ||||||||
CCO Safari II LLC, 6.484%, 10/23/45(a) | 1,991,000 | 2,008,620 | ||||||
Comcast Corp., 4.650%, 07/15/42 | 5,267,000 | 5,415,550 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 3.950%, 01/15/25 | 750,000 | 735,617 | ||||||
|
| |||||||
8,159,787 | ||||||||
|
| |||||||
Mining 1.4% | ||||||||
Barrick (PD) Australia Finance Property Ltd., 4.950%, 01/15/20 | 519,000 | 551,210 | ||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 4,512,000 | 3,746,115 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(a) | 1,083,000 | 964,523 | ||||||
Barrick North America Finance LLC, 5.750%, 05/01/43 | 2,511,000 | 2,138,237 | ||||||
BHP Billiton Finance USA Ltd., 5.000%, 09/30/43 | 1,801,000 | 1,821,625 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 7,239,000 | 6,548,559 | ||||||
|
| |||||||
15,770,269 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.6% |
| |||||||
3M Co., 1.375%, 09/29/16(g) | 971,000 | 978,869 | ||||||
General Electric Co., 2.700%, 10/09/22 | 1,444,000 | 1,447,645 | ||||||
General Electric Co., 3.375%, 03/11/24 | 2,600,000 | 2,692,807 | ||||||
General Electric Co., 4.125%, 10/09/42 | 1,142,000 | 1,126,622 | ||||||
General Electric Co., 5.250%, 12/06/17 | 1,036,000 | 1,122,421 | ||||||
|
| |||||||
7,368,364 | ||||||||
|
| |||||||
Oil & Gas 1.5% | ||||||||
BP Capital Markets PLC, 2.248%, 11/01/16 | 2,052,000 | 2,075,830 | ||||||
Ensco PLC, 4.500%, 10/01/24(g) | 437,000 | 322,827 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 1,771,000 | 1,225,162 | ||||||
Exxon Mobil Corp., 1.912%, 03/06/20 | 2,976,000 | 2,994,552 | ||||||
Marathon Petroleum Corp., 3.625%, 09/15/24 | 442,000 | 427,153 |
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 3,017,000 | 2,636,457 | ||||||
Shell International Finance BV, 3.250%, 05/11/25 | 3,302,000 | 3,265,203 | ||||||
Woodside Finance Ltd., 3.650%, 03/05/25(a) | 1,995,000 | 1,804,585 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(a) | 2,643,000 | 2,748,516 | ||||||
|
| |||||||
17,500,285 | ||||||||
|
| |||||||
Oil & Gas Services 0.2% | ||||||||
FMC Technologies, Inc., 3.450%, 10/01/22 | 656,000 | 613,154 | ||||||
Schlumberger Investment SA, 3.300%, 09/14/21(a) | 1,659,000 | 1,696,374 | ||||||
|
| |||||||
2,309,528 | ||||||||
|
| |||||||
Pharmaceuticals 0.6% | ||||||||
AbbVie, Inc., 3.600%, 05/14/25 | 2,751,000 | 2,713,221 | ||||||
Actavis Funding SCS, 4.750%, 03/15/45 | 1,388,000 | 1,260,240 | ||||||
Express Scripts Holding Co., 2.650%, 02/15/17 | 1,560,000 | 1,585,682 | ||||||
Novartis Securities Investment Ltd., 5.125%, 02/10/19 | 969,000 | 1,077,881 | ||||||
|
| |||||||
6,637,024 | ||||||||
|
| |||||||
Pipelines 1.3% | ||||||||
Boardwalk Pipelines LP, 4.950%, 12/15/24 | 650,000 | 602,071 | ||||||
Columbia Pipeline Group, Inc., 5.800%, 06/01/45(a) | 1,736,000 | 1,657,654 | ||||||
Energy Transfer Partners LP, 4.900%, 02/01/24 | 377,000 | 359,439 | ||||||
EnLink Midstream Partners LP, 4.150%, 06/01/25 | 2,947,000 | 2,703,316 | ||||||
EnLink Midstream Partners LP, 4.400%, 04/01/24 | 375,000 | 357,022 | ||||||
Enterprise Products Operating LLC, 3.350%, 03/15/23 | 383,000 | 370,197 | ||||||
Enterprise Products Operating LLC, 4.850%, 03/15/44 | 930,000 | 829,065 | ||||||
NuStar Logistics LP, 4.800%, 09/01/20 | 2,870,000 | 2,740,850 | ||||||
Phillips 66 Partners LP, 3.605%, 02/15/25 | 468,000 | 429,217 | ||||||
Phillips 66 Partners LP, 4.680%, 02/15/45 | 595,000 | 489,871 |
See Notes to Financial Statements.
65
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Pipelines—continued | ||||||||
Western Gas Partners LP, 3.950%, 06/01/25 | 3,181,000 | 2,979,414 | ||||||
Williams Partners LP/ACMP Finance Corp., 4.875%, 05/15/23 | 1,861,000 | 1,721,425 | ||||||
|
| |||||||
15,239,541 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.7% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 1,779,000 | 1,713,898 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 3,313,000 | 3,480,803 | ||||||
Digital Realty Trust LP, 3.950%, 07/01/22 | 3,127,000 | 3,123,535 | ||||||
|
| |||||||
8,318,236 | ||||||||
|
| |||||||
Retail 0.9% |
| |||||||
CVS Health Corp., 5.125%, 07/20/45 | 1,738,000 | 1,868,268 | ||||||
Home Depot, Inc. (The), 2.625%, 06/01/22 | 2,008,000 | 2,007,131 | ||||||
Kohl’s Corp., 5.550%, 07/17/45 | 1,201,000 | 1,176,545 | ||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 5,246,000 | 5,241,950 | ||||||
|
| |||||||
10,293,894 | ||||||||
|
| |||||||
Semiconductors 0.6% |
| |||||||
Analog Devices, Inc., 3.000%, 04/15/16 | 273,000 | 276,327 | ||||||
Intel Corp., 1.950%, 10/01/16 | 1,031,000 | 1,043,279 | ||||||
Intel Corp., 4.900%, 07/29/45 | 1,677,000 | 1,735,977 | ||||||
TSMC Global Ltd., 1.625%, | 3,589,000 | 3,556,462 | ||||||
|
| |||||||
6,612,045 | ||||||||
|
| |||||||
Software 0.6% |
| |||||||
Oracle Corp., 1.200%, 10/15/17 | 1,341,000 | 1,343,257 | ||||||
Oracle Corp., 2.375%, 01/15/19 | 1,638,000 | 1,669,584 | ||||||
Oracle Corp., 4.125%, 05/15/45 | 3,710,000 | 3,500,708 | ||||||
|
| |||||||
6,513,549 | ||||||||
|
| |||||||
Telecommunication Services 1.6% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 2,349,000 | 2,373,958 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 886,000 | 760,480 |
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
AT&T, Inc., 4.750%, 05/15/46 | 2,192,000 | 2,008,523 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 3,187,000 | 3,175,801 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 2,111,000 | 2,137,474 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 1,101,000 | 1,122,159 | ||||||
Crown Castle Towers LLC, 3.222%, 05/15/42(a) | 1,465,000 | 1,428,375 | ||||||
Verizon Communications, Inc., 5.012%, 08/21/54 | 6,408,000 | 5,832,203 | ||||||
|
| |||||||
18,838,973 | ||||||||
|
| |||||||
Transportation 0.4% |
| |||||||
Burlington Northern Santa Fe LLC, 4.550%, 09/01/44 | 4,432,000 | 4,347,105 | ||||||
|
| |||||||
Total Corporate Bonds | 277,901,490 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 25.7% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #G30614, 3.500%, 12/01/32 | 5,085,872 | 5,383,460 | ||||||
Pool #C91768, 3.500%, 07/01/34 | 2,212,184 | 2,336,274 | ||||||
Pool #G01779, 5.000%, 04/01/35 | 378,639 | 418,363 | ||||||
Pool #G01837, 5.000%, 07/01/35 | 2,566,873 | 2,836,310 | ||||||
Pool #G01838, 5.000%, 07/01/35 | 338,205 | 373,615 | ||||||
Pool #G02069, 5.500%, 03/01/36 | 155,615 | 172,785 | ||||||
Pool #G05521, 5.500%, 05/01/37 | 350,226 | 393,140 | ||||||
Pool #G05326, 5.000%, 02/01/38 | 1,580,731 | 1,741,028 | ||||||
Pool #G04337, 5.500%, 04/01/38 | 401,218 | 444,497 | ||||||
Pool #G07135, 6.000%, 10/01/38 | 1,987,557 | 2,245,041 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 3,138,753 | 3,410,455 | ||||||
Pool #G08353, 4.500%, 07/01/39 | 3,894,493 | 4,234,892 | ||||||
Pool #G06079, 6.000%, 07/01/39 | 955,639 | 1,081,526 |
See Notes to Financial Statements.
66
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #A89384, 4.000%, 10/01/39 | 215,657 | 230,301 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 1,628,859 | 1,739,460 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 2,284,247 | 2,485,794 | ||||||
Pool #G07074, 5.500%, 01/01/40 | 349,313 | 392,067 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 1,025,370 | 1,129,280 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 3,212,178 | 3,438,552 | ||||||
Pool #A95085, 4.000%, 11/01/40 | 1,813,594 | 1,936,960 | ||||||
Pool #A95796, 4.000%, 12/01/40 | 1,353,536 | 1,445,540 | ||||||
Pool #A95822, 4.000%, 12/01/40 | 3,209,392 | 3,449,627 | ||||||
Pool #A97047, 4.500%, 02/01/41 | 475,072 | 515,535 | ||||||
Pool #G08499, 3.000%, 07/01/42 | 1,259,973 | 1,277,951 | ||||||
Pool #Q10188, 3.500%, 08/01/42 | 711,436 | 743,397 | ||||||
Pool #849167, 2.962%, 10/01/43(b) | 4,889,462 | 5,069,243 | ||||||
Pool #Q29416, 4.000%, 11/01/44 | 1,720,880 | 1,838,198 | ||||||
Pool #Q31066, 4.000%, 02/01/45 | 1,295,371 | 1,387,232 | ||||||
Pool #Q31645, 4.000%, 02/01/45 | 6,477,505 | 6,919,110 | ||||||
|
| |||||||
59,069,633 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AM6855, 3.150%, 11/01/24 | 2,168,000 | 2,239,971 | ||||||
Pool #AM6979, 3.310%, 11/01/24 | 5,084,000 | 5,349,527 | ||||||
Pool #AM7421, 3.030%, 12/01/24 | 9,316,000 | 9,635,030 | ||||||
Pool #AM7760, 3.090%, 01/01/25 | 2,886,311 | 3,002,632 | ||||||
Pool #AM9272, 2.600%, 06/01/25 | 2,679,657 | 2,678,328 | ||||||
Pool #TBD, 3.110%, 10/01/25(f) | 3,628,000 | 3,701,685 | ||||||
Pool #AB1763, 4.000%, 11/01/30 | 705,785 | 760,781 | ||||||
Pool #AB4168, 3.500%, 01/01/32 | 2,296,734 | 2,430,430 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AP9592, 3.500%, 10/01/32 | 3,566,354 | 3,775,479 | ||||||
Pool #MA1630, 4.000%, 10/01/33 | 2,170,866 | 2,339,691 | ||||||
Pool #MA1763, 3.500%, 01/01/34 | 6,678,358 | 7,055,880 | ||||||
Pool #255458, 5.500%, 11/01/34 | 260,278 | 293,641 | ||||||
Pool #843434, 5.500%, 05/01/35 | 432,764 | 487,695 | ||||||
Pool #190370, 6.000%, 06/01/36 | 1,977,920 | 2,236,215 | ||||||
Pool #890547, 4.000%, 11/01/36 | 2,895,358 | 3,102,873 | ||||||
Pool #745950, 6.000%, 11/01/36 | 1,983,497 | 2,242,397 | ||||||
Pool #AJ5974, 4.000%, 12/01/36 | 607,674 | 649,980 | ||||||
Pool #888128, 6.000%, 01/01/37 | 312,516 | 353,238 | ||||||
Pool #890248, 6.000%, 08/01/37 | 451,854 | 515,374 | ||||||
Pool #889529, 6.000%, 03/01/38 | 165,771 | 188,456 | ||||||
Pool #AU4728, 4.000%, 09/01/38 | 1,699,973 | 1,822,381 | ||||||
Pool #995724, 6.000%, 04/01/39 | 1,479,532 | 1,677,522 | ||||||
Pool #931578, 5.500%, 07/01/39 | 434,489 | 490,788 | ||||||
Pool #AE0814, 6.000%, 09/01/39 | 314,449 | 355,201 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 536,380 | 572,523 | ||||||
Pool #AX3605, 3.500%, 01/01/40 | 2,890,821 | 3,026,879 | ||||||
Pool #932441, 4.000%, 01/01/40 | 7,344,742 | 7,839,644 | ||||||
Pool #AC9564, 4.500%, 02/01/40 | 880,626 | 968,461 | ||||||
Pool #AD9725, 3.500%, 10/01/40 | 1,364,796 | 1,427,072 | ||||||
Pool #AE3860, 5.000%, 10/01/40 | 585,869 | 650,114 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 3,381,494 | 3,614,755 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 457,016 | 489,868 | ||||||
Pool #AE9284, 4.000%, 11/01/40 | 785,985 | 840,083 | ||||||
Pool #AB2071, 3.500%, 01/01/41 | 613,686 | 641,744 |
See Notes to Financial Statements.
67
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AH4161, 3.500%, 01/01/41 | 1,164,097 | 1,217,290 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 4,931,991 | 5,363,400 | ||||||
Pool #AB3274, 4.500%, 07/01/41 | 3,492,998 | 3,828,166 | ||||||
Pool #AL1627, 4.500%, 09/01/41 | 230,583 | 250,689 | ||||||
Pool #AB3865, 3.500%, 11/01/41 | 1,240,830 | 1,301,901 | ||||||
Pool #AT8263, 3.500%, 01/01/42 | 1,803,945 | 1,886,476 | ||||||
Pool #MA1044, 3.000%, 04/01/42 | 4,225,803 | 4,300,778 | ||||||
Pool #AB5188, 3.500%, 05/01/42 | 7,205,511 | 7,535,500 | ||||||
Pool #AP4613, 4.000%, 08/01/42 | 2,351,679 | 2,517,725 | ||||||
Pool #AP7874, 3.500%, 10/01/42 | 2,133,976 | 2,231,715 | ||||||
Pool #AT2016, 3.000%, 04/01/43 | 263,468 | 267,846 | ||||||
Pool #AL3657, 3.500%, 06/01/43 | 4,389,514 | 4,611,723 | ||||||
Pool #AL5939, 3.500%, 09/01/43 | 8,737,163 | 9,139,149 | ||||||
Pool #AS3037, 3.500%, 08/01/44 | 1,719,587 | 1,799,166 | ||||||
Pool #AY2685, 4.500%, 01/01/45 | 842,803 | 922,617 | ||||||
Pool #AX8835, 2.809%, 02/01/45(b) | 3,855,640 | 3,965,129 | ||||||
|
| |||||||
128,595,608 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Pool #AM1086, 4.000%, 09/15/41 | 2,751,532 | 2,941,579 | ||||||
Pool #AA5471, 4.000%, 12/15/41 | 1,244,106 | 1,329,489 | ||||||
Pool #MA0154, 3.500%, 06/20/42 | 2,980,413 | 3,132,566 | ||||||
Pool #MA0321, 5.000%, 08/20/42 | 619,046 | 679,510 | ||||||
Pool #AE7700, 3.500%, 08/15/43 | 3,975,509 | 4,178,098 | ||||||
Pool #666413, 4.000%, 09/15/43 | 1,597,258 | 1,721,741 | ||||||
Pool #MA2681, 5.000%, 03/20/45 | 2,904,122 | 3,171,868 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AM2789, 3.500%, 04/15/45 | 3,544,010 | 3,712,296 | ||||||
Pool #AM7472, 3.500%, 05/15/45 | 425,459 | 447,939 | ||||||
Pool #AM7541, 3.500%, 05/15/45 | 572,000 | 600,656 | ||||||
Pool #AM0226, 4.000%, 05/15/45 | 1,280,367 | 1,368,744 | ||||||
Pool #AM9859, 4.000%, 05/15/45 | 641,105 | 689,115 | ||||||
Pool #AM8201, 4.000%, 05/15/45 | 938,248 | 1,007,769 | ||||||
Pool #MA2828, 4.500%, 05/20/45 | 7,110,446 | 7,654,937 | ||||||
Pool #AN6788, 3.500%, 06/15/45 | 895,442 | 938,331 | ||||||
Pool #AM9901, 4.000%, 06/15/45 | 1,956,421 | 2,103,026 | ||||||
Pool #AM9875, 4.000%, 06/15/45 | 1,740,270 | 1,877,158 | ||||||
Pool #AN7421, 4.000%, 06/15/45 | 1,630,362 | 1,745,467 | ||||||
Pool #AM7092, 4.500%, 06/15/45 | 2,608,146 | 2,838,170 | ||||||
Pool #MA2894, 4.500%, 06/20/45 | 10,022,877 | 10,793,123 | ||||||
Pool #AC4267, 3.500%, 07/15/45 | 640,588 | 674,538 | ||||||
Pool #AM8218, 3.500%, 07/15/45 | 660,031 | 693,129 | ||||||
Pool #AN6802, 3.500%, 07/15/45 | 724,024 | 758,715 | ||||||
Pool #626960, 3.500%, 07/15/45 | 4,670,187 | 4,917,387 | ||||||
Pool #AM8631, 4.000%, 07/15/45 | 2,549,095 | 2,725,333 | ||||||
Pool #AN5745, 4.000%, 07/15/45 | 3,583,463 | 3,865,692 | ||||||
Pool #AN5764, 4.000%, 07/15/45 | 1,444,701 | 1,558,583 | ||||||
Pool #AN5766, 4.000%, 07/15/45 | 1,592,666 | 1,712,217 | ||||||
Pool #AN5781, 4.000%, 07/15/45 | 1,969,684 | 2,117,480 | ||||||
Pool #AN6811, 4.000%, 07/15/45 | 1,152,064 | 1,231,696 | ||||||
Pool #AO3498, 4.000%, 07/15/45 | 988,182 | 1,062,350 | ||||||
Pool #AO3526, 4.000%, 07/15/45 | 653,781 | 702,850 |
See Notes to Financial Statements.
68
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AO3527, 4.000%, 07/15/45 | 626,419 | 673,444 | ||||||
Pool #AN5746, 4.000%, 07/15/45 | 2,379,172 | 2,557,578 | ||||||
Pool #AN9115, 4.000%, 07/15/45 | 813,703 | 870,019 | ||||||
Pool #MA2963, 4.500%, 07/20/45 | 263,300 | 283,530 | ||||||
Pool #626970, 3.500%, 08/15/45 | 2,254,311 | 2,373,740 | ||||||
Pool #AO0509, 3.500%, 08/15/45 | 3,692,472 | 3,877,890 | ||||||
Pool #AM9022, 4.000%, 08/15/45 | 1,148,692 | 1,228,294 | ||||||
Pool #AO3608, 4.000%, 08/15/45 | 7,506,589 | 8,071,238 | ||||||
Pool #MA3036, 4.500%, 08/20/45 | 7,984,658 | 8,608,766 | ||||||
Pool #AP5075, 4.000%, 09/15/45 | 1,077,438 | 1,166,590 | ||||||
Pool #AP5076, 4.000%, 09/15/45 | 1,146,724 | 1,241,602 | ||||||
Pool #AP5077, 4.000%, 09/15/45 | 1,018,721 | 1,103,012 | ||||||
|
| |||||||
107,007,255 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages (Cost $289,634,061) |
| 294,672,496 | ||||||
|
| |||||||
U.S. Treasury Obligations 39.3% | ||||||||
U.S. Treasury Bond 3.3% |
| |||||||
3.000%, 05/15/45 | 37,174,000 | 38,042,347 | ||||||
|
| |||||||
U.S. Treasury Notes 36.0% |
| |||||||
0.375%, 11/15/15 | 55,079,000 | 55,092,990 | ||||||
0.875%, 02/28/17(h) | 107,524,000 | 108,081,189 | ||||||
0.625%, 09/30/17 | 33,079,000 | 33,063,486 | ||||||
1.500%, 01/31/19(h) | 42,451,000 | 43,088,869 | ||||||
1.500%, 10/31/19 | 37,748,000 | 38,164,323 | ||||||
1.375%, 02/29/20 | 17,021,000 | 17,098,565 | ||||||
2.000%, 08/15/25 | 118,901,000 | 118,272,489 | ||||||
|
| |||||||
412,861,911 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations |
| 450,904,258 | ||||||
|
| |||||||
Foreign Government Bond 0.1% | ||||||||
Sovereign 0.1% |
| |||||||
Mexico Government International Bond, 4.600%, 01/23/46 | 1,600,000 | 1,424,000 | ||||||
|
| |||||||
Total Foreign Government Bond |
| 1,424,000 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Money Market Funds 3.1% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(i) | 34,535,295 | 34,535,295 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(i)(j) | 817,348 | 817,348 | ||||||
|
| |||||||
Total Money Market Funds |
| 35,352,643 | ||||||
|
| |||||||
Total Investments |
| 1,150,773,680 | ||||||
Liabilities in excess of other assets — (0.3)% |
| (3,799,184 | ) | |||||
|
| |||||||
Net Assets — 100.0% |
| $1,146,974,496 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(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 9.8% of net assets as of September 30, 2015. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(c) | Less than 0.05% of Net Assets. |
(d) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(e) | Perpetual maturity. |
(f) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(g) | The security or a partial position of the security was on loan as of September 30, 2015. The total value of securities on loan as of September 30, 2015 was $786,736. |
(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) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
(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, 2015 (See Note 2(k)). |
Investment Abbreviation
MTN — Medium Term Note
See Notes to Financial Statements.
69
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Total Return Bond Fund† — concluded
Forward Foreign Currency Contracts
At September 30, 2015, 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: | ||||||||||||||||||||||
Australian Dollar | JPMorgan | 11/16/15 | 8,162,348 | $ | 5,750,000 | $ | 5,715,328 | $ | 34,672 | |||||||||||||
Danish Krone | JPMorgan | 02/05/16 | 72,417,422 | 10,937,535 | 10,880,276 | 57,259 | ||||||||||||||||
Danish Krone | State Street | 02/05/16 | 72,417,422 | 10,531,207 | 10,880,276 | (349,069 | ) | |||||||||||||||
Euro | JPMorgan | 10/05/15 | 21,970,434 | 24,027,064 | 24,550,790 | (523,726 | ) | |||||||||||||||
Euro | JPMorgan | 11/10/15 | 19,843,341 | 22,213,192 | 22,186,169 | 27,023 | ||||||||||||||||
Euro | JPMorgan | 12/02/15 | 21,970,434 | 24,586,432 | 24,573,262 | 13,170 | ||||||||||||||||
Euro | JPMorgan | 02/05/16 | 19,622,137 | 22,610,000 | 21,978,211 | 631,789 | ||||||||||||||||
Japanese Yen | First Clearing | 11/16/15 | 1,376,910,849 | 11,440,000 | 11,483,816 | (43,816 | ) | |||||||||||||||
Japanese Yen | JPMorgan | 11/16/15 | 1,385,562,205 | 11,500,000 | 11,555,970 | (55,970 | ) | |||||||||||||||
Japanese Yen | JPMorgan | 11/16/15 | 682,190,137 | 5,720,000 | 5,689,654 | 30,346 | ||||||||||||||||
Mexican Peso | JPMorgan | 12/09/15 | 97,504,787 | 5,770,492 | 5,736,647 | 33,845 | ||||||||||||||||
New Zealand Dollar | JPMorgan | 11/23/15 | 17,291,801 | 10,884,148 | 11,012,808 | (128,660 | ) | |||||||||||||||
South Korean Won | JPMorgan | 12/08/15 | 6,876,045,000 | 5,742,000 | 5,788,537 | (46,537 | ) | |||||||||||||||
Yuan Renminbi Offshore | JPMorgan | 01/29/16 | 144,584,955 | 22,357,000 | 22,434,744 | (77,744 | ) | |||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Total Short Contracts | $ | 194,069,070 | $ | 194,466,488 | $ | (397,418 | ) | |||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Long: | ||||||||||||||||||||||
Danish Krone | JPMorgan | 02/05/16 | 144,834,844 | $ | 22,610,000 | $ | 21,760,552 | $ | (849,448 | ) | ||||||||||||
Euro | JPMorgan | 10/05/15 | 21,970,434 | 24,564,879 | 24,550,790 | (14,089 | ) | |||||||||||||||
Euro | JPMorgan | 02/05/16 | 9,811,069 | 10,607,531 | 10,989,105 | 381,574 | ||||||||||||||||
Mexican Peso | JPMorgan | 12/09/15 | 97,504,787 | 5,742,000 | 5,736,647 | (5,353 | ) | |||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Total Long Contracts | $ | 63,524,410 | $ | 63,037,094 | $ | (487,316 | ) | |||||||||||||||
|
|
|
|
|
|
See Notes to Financial Statements.
70
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Security 0.8% | ||||||||
Agency Collateralized Mortgage Obligation 0.8% |
| |||||||
NCUA Guaranteed Notes Trust 2010-A1, Series 2010-A1, Cl A, 0.554%, 12/07/20(a) | 12,759,165 | 12,747,209 | ||||||
|
| |||||||
Total Asset-Backed Security |
| 12,747,209 | ||||||
|
| |||||||
Collateralized Mortgage Obligations 40.4% | ||||||||
Agency Collateralized Mortgage Obligations 22.0% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3000, Cl FG, 0.507%, | 1,765,986 | 1,771,440 | ||||||
Series 3065, Cl DF, REMIC, 0.587%, | 31,584,765 | 31,689,500 | ||||||
Series 3135, Cl FC, 0.507%, | 2,168,731 | 2,174,008 | ||||||
Series 3223, Cl FP, REMIC, 0.607%, | 3,281,611 | 3,286,041 | ||||||
Series 328, Cl F4, STRIPS, 0.538%, | 22,428,807 | 22,453,646 | ||||||
Series 3320, Cl FC, 0.377%, | 4,327,496 | 4,315,595 | ||||||
Series 3418, Cl FB, REMIC, 0.507%, | 12,221,742 | 12,252,834 | ||||||
Series 3511, Cl FA, 1.207%, | 4,381,855 | 4,481,231 | ||||||
Series 3593, Cl F, 0.689%, | 4,273,889 | 4,294,908 | ||||||
Series 4093, Cl FB, REMIC, 0.557%, 07/15/39(a) | 7,306,768 | 7,323,953 | ||||||
Series 4247, Cl EF, REMIC, 0.607%, 03/15/32(a) | 2,478,097 | 2,489,977 | ||||||
Series 4281, Cl BA, REMIC, 1.250%, 11/15/33 | 4,348,543 | 4,357,332 | ||||||
Series 4413, Cl WF, REMIC, 0.539%, 10/15/41(a) | 7,370,289 | 7,362,955 | ||||||
Series 4416, Cl FB, REMIC, 0.509%, 01/15/40(a) | 15,841,173 | 15,809,015 | ||||||
Series 4448, Cl TF, REMIC, 0.509%, 05/15/40(a) | 24,931,701 | 24,878,622 | ||||||
Series 4474, Cl WF, REMIC, 0.539%, 12/15/36(a) | 29,242,499 | 29,214,602 | ||||||
|
| |||||||
178,155,659 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2005-92, Cl UF, REMIC, 0.544%, 10/25/25(a) | 1,771,329 | 1,779,936 |
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Mortgage Obligations—continued |
| |||||||
Series 2007-30, Cl WF, 0.434%, 04/25/37(a) | 8,434,121 | 8,426,985 | ||||||
Series 2010-134, Cl BF, REMIC, 0.624%, 10/25/40(a) | 6,617,818 | 6,637,446 | ||||||
Series 2012-120, Cl AF, REMIC, 0.444%, 02/25/32(a) | 2,180,865 | 2,176,913 | ||||||
Series 2012-73, Cl LF, REMIC, 0.644%, 06/25/39(a) | 4,530,617 | 4,557,542 | ||||||
Series 2014-75, Cl FK, REMIC, 0.544%, 12/25/41(a) | 5,129,266 | 5,149,147 | ||||||
Series 2015-22, Cl AF, REMIC, 0.537%, 04/25/45(a) | 33,833,684 | 33,810,474 | ||||||
Series 2015-42, Cl BF, REMIC, 0.497%, 06/25/45(a) | 33,262,903 | 33,281,331 | ||||||
|
| |||||||
95,819,774 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Series 2012-98, Cl FM, 0.416%, 12/20/38(a) | 2,332,594 | 2,319,177 | ||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2010-R1, Cl 1A, 0.653%, 10/07/20(a) | 21,745,086 | 21,852,050 | ||||||
Series 2010-R1, Cl 2A, 1.840%, 10/07/20 | 1,466,071 | 1,469,319 | ||||||
Series 2010-R2, Cl 1A, 0.573%, 11/06/17(a) | 3,631,440 | 3,637,745 | ||||||
Series 2010-R2, Cl 2A, 0.673%, 11/05/20(a) | 29,352,493 | 29,500,576 | ||||||
Series 2010-R3, Cl 1A, 0.763%, 12/08/20(a) | 2,779,991 | 2,799,434 | ||||||
Series 2011-R1, Cl 1A, 0.653%, 01/08/20(a) | 12,472,074 | 12,531,541 | ||||||
Series 2011-R2, Cl 1A, 0.603%, 02/06/20(a) | 16,300,487 | 16,350,970 | ||||||
Series 2011-R4, Cl 1A, 0.583%, 03/06/20(a) | 784 | 786 | ||||||
|
| |||||||
88,142,421 | ||||||||
|
| |||||||
364,437,031 | ||||||||
|
| |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 3.7% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3071, Cl FX, REMIC, 0.507%, 04/15/34(a) | 2,390,832 | 2,394,253 |
See Notes to Financial Statements.
71
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations—continued |
| |||||||
Series 3071, Cl ZX, REMIC, 0.507%, 04/15/35(a) | 2,361,385 | 2,342,971 | ||||||
Series 3767, Cl JF, REMIC, 0.507%, 02/15/39(a) | 2,185,965 | 2,191,939 | ||||||
Series 3925, Cl FD, REMIC, 0.657%, 07/15/40(a) | 2,584,997 | 2,590,505 | ||||||
Series 4203, Cl PF, REMIC, 0.457%, 09/15/42(a) | 26,201,325 | 26,210,705 | ||||||
|
| |||||||
35,730,373 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2003-73, Cl DF, 0.644%, 10/25/32(a) | 1,189,600 | 1,195,869 | ||||||
Series 2004-79, Cl FP, REMIC, 0.494%, 11/25/34(a) | 6,382,065 | 6,393,418 | ||||||
Series 2006-113, Cl NF, REMIC, 0.544%, 09/25/36(a) | 13,100,480 | 13,130,991 | ||||||
Series 2008-24, Cl PF, REMIC, 0.844%, 02/25/38(a) | 2,758,245 | 2,783,870 | ||||||
Series 2012-113, Cl PF, REMIC, 0.544%, 10/25/40(a) | 1,441,917 | 1,441,241 | ||||||
|
| |||||||
24,945,389 | ||||||||
|
| |||||||
60,675,762 | ||||||||
|
| |||||||
Agency Collateralized Support Mortgage Obligation 0.0%(b) |
| |||||||
Federal National Mortgage Association | ||||||||
Series 1994-22, Cl F, REMIC, 1.394%, 01/25/24(a) | 380,538 | 389,707 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 14.7% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series K003, Cl A3, 4.324%, 12/25/15 | 32,211 | 32,297 | ||||||
Series K502, Cl A2, 1.426%, 08/25/17 | 8,450,000 | 8,514,169 | ||||||
Series KF03, Cl A, 0.539%, | 3,540,086 | 3,536,213 | ||||||
Series KF04, Cl A, 0.502%, | 5,465,742 | 5,458,577 | ||||||
Series KF05, Cl A, 0.549%, | 12,473,201 | 12,457,534 | ||||||
Series KF09, Cl A, 0.572%, | 14,173,264 | 14,139,560 |
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Series KP02, Cl A2, 2.355%, | 19,000,000 | 19,365,307 | ||||||
|
| |||||||
63,503,657 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2011-M1, Cl FA, 0.644%, 06/25/21(a) | 30,248,168 | 30,511,418 | ||||||
Series 2012-M13, Cl ASQ2, 1.246%, 08/25/17 | 115,381 | 115,948 | ||||||
Series 2012-M9, Cl ASQ2, 1.513%, 12/25/17 | 5,486,979 | 5,520,889 | ||||||
Series 2013-M1, Cl ASQ2, 1.074%, 11/25/16 | 12,191,230 | 12,233,204 | ||||||
Series 2013-M11, Cl FA, 0.524%, 01/25/18(a) | 1,549,567 | 1,552,077 | ||||||
Series 2013-M13, Cl FA, 0.544%, 05/25/18(a) | 19,714,805 | 19,727,817 | ||||||
Series 2013-M14, Cl FA, 0.544%, 08/25/18(a) | 24,472,951 | 24,485,995 | ||||||
Series 2014-M4, Cl ASQ2, 1.272%, 01/25/17 | 2,918,440 | 2,931,097 | ||||||
Series 2014-M5, Cl ASQ2, 2.034%, 03/25/19 | 10,000,000 | 10,156,230 | ||||||
Series 2014-M6, Cl FA, 0.497%, 12/25/17(a) | 848,470 | 848,773 | ||||||
Series 2014-M8, Cl FA, 0.455%, 05/25/18(a) | 6,588,514 | 6,582,572 | ||||||
Series 2015-M1, Cl ASQ2, 1.626%, 02/25/18 | 6,557,000 | 6,628,524 | ||||||
Series 2015-M12, Cl FA, 0.540%, 04/25/20(a) | 35,000,000 | 34,987,400 | ||||||
Series 2015-M7, Cl ASQ2, 1.550%, 04/25/18 | 7,215,000 | 7,275,556 | ||||||
|
| |||||||
163,557,500 | ||||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2011-C1, Cl 2A, 0.733%, 03/09/21(a) | 15,465,973 | 15,477,448 | ||||||
|
| |||||||
242,538,605 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations |
| 668,041,105 | ||||||
|
| |||||||
U.S. Government Agency Mortgages 54.2% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #847615, 2.597%, 07/01/33(a) | 4,658,649 | 4,972,060 | ||||||
Pool #1B8683, 2.493%, 04/01/34(a) | 13,825,204 | 14,766,971 |
See Notes to Financial Statements.
72
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #848744, 2.391%, 05/01/34(a) | 18,477,491 | 19,567,779 | ||||||
Pool #847991, 2.392%, 03/01/35(a) | 9,418,892 | 10,013,083 | ||||||
Pool #848736, 2.309%, 05/01/35(a) | 30,207,002 | 31,939,232 | ||||||
Pool #848797, 2.358%, 07/01/35(a) | 4,535,262 | 4,809,458 | ||||||
Pool #1Q0025, 2.332%, 02/01/36(a) | 3,503,894 | 3,715,519 | ||||||
Pool #1H2602, 2.475%, 03/01/36(a) | 4,031,168 | 4,300,846 | ||||||
Pool #1Q1407, 2.412%, 07/01/36(a) | 10,501,806 | 11,186,501 | ||||||
Pool #848747, 2.486%, 07/01/36(a) | 16,909,947 | 17,979,243 | ||||||
Pool #848569, 2.456%, 11/01/36(a) | 14,337,132 | 15,309,734 | ||||||
Pool #1Q1404, 2.282%, 01/01/37(a) | 15,305,431 | 16,274,274 | ||||||
Pool #1Q1195, 2.220%, 05/01/37(a) | 15,368,396 | 16,151,855 | ||||||
Pool #848796, 2.426%, 05/01/37(a) | 31,122,316 | 33,080,705 | ||||||
Pool #1Q1282, 2.142%, 07/01/37(a) | 4,430,939 | 4,675,920 | ||||||
Pool #848852, 2.453%, 08/01/37(a) | 21,243,428 | 22,576,375 | ||||||
Pool #1Q0652, 2.330%, 02/01/38(a) | 2,754,992 | 2,939,428 | ||||||
Pool #1Q1405, 2.363%, 04/01/39(a) | 4,795,384 | 5,105,167 | ||||||
Pool #1Q1420, 2.457%, 09/01/39(a) | 20,269,717 | 21,604,620 | ||||||
Pool #849139, 3.136%, 09/01/43(a) | 3,586,594 | 3,718,983 | ||||||
|
| |||||||
264,687,753 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #745100, 4.950%, 11/01/15 | 453,431 | 452,474 | ||||||
Pool #745504, 5.198%, 02/01/16 | 1,233,262 | 1,234,764 | ||||||
Pool #383143, 6.750%, 02/01/16 | 790,801 | 791,766 | ||||||
Pool #745530, 5.282%, 04/01/16 | 89,917 | 90,294 | ||||||
Pool #995887, 4.719%, 05/01/16 | 6,711 | 6,755 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #462237, 5.525%, 07/01/16 | 150,648 | 151,677 | ||||||
Pool #745764, 5.733%, 07/01/16 | 10,766,942 | 10,908,466 | ||||||
Pool #888015, 5.495%, 11/01/16 | 289,728 | 293,473 | ||||||
Pool #469673, 2.080%, 12/01/16 | 5,050,064 | 5,119,518 | ||||||
Pool #469807, 2.250%, 12/01/16 | 65,032 | 65,990 | ||||||
Pool #874196, 5.360%, 12/01/16 | 730,000 | 753,666 | ||||||
Pool #735745, 5.599%, 01/01/17 | 2,765 | 2,763 | ||||||
Pool #470775, 2.300%, 03/01/17 | 56,209 | 57,304 | ||||||
Pool #874903, 5.520%, 05/01/17 | 943,661 | 991,183 | ||||||
Pool #889232, 5.495%, 06/01/17 | 2,919,674 | 3,087,734 | ||||||
Pool #471834, 1.400%, 07/01/17 | 2,340,000 | 2,350,814 | ||||||
Pool #466009, 2.840%, 09/01/17 | 1,002,973 | 1,031,313 | ||||||
Pool #466149, 3.070%, 10/01/17 | 1,392,000 | 1,437,289 | ||||||
Pool #466487, 2.770%, 11/01/17 | 2,098,429 | 2,159,917 | ||||||
Pool #888969, 5.932%, 11/01/17 | 3,064,726 | 3,275,787 | ||||||
Pool #467010, 3.520%, 01/01/18 | 5,487,029 | 5,738,475 | ||||||
Pool #AM7696, 0.482%, 02/01/18(a) | 13,035,000 | 13,029,861 | ||||||
Pool #385912, 5.350%, 02/01/18 | 5,598,475 | 6,072,446 | ||||||
Pool #467288, 2.800%, 03/01/18 | 1,567,920 | 1,619,812 | ||||||
Pool #AM3464, 1.180%, 05/01/18(c) | 17,165,000 | 17,085,429 | ||||||
Pool #AM3462, 1.360%, 05/01/18 | 11,415,682 | 11,481,979 | ||||||
Pool #468279, 3.470%, 06/01/18 | 3,824,212 | 4,046,377 | ||||||
Pool #AL0561, 3.743%, 06/01/18 | 19,476,105 | 20,645,134 | ||||||
Pool #AM7163, 0.642%, 05/01/19(a) | 10,903,497 | 10,895,580 | ||||||
Pool #AM6261, 0.412%, | 15,370,000 | 15,368,122 |
See Notes to Financial Statements.
73
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AM7028, 0.431%, 10/01/19(a)(c) | 18,405,000 | 18,426,853 | ||||||
Pool #466804, 0.772%, 12/01/20(a)(c) | 13,370,000 | 13,365,624 | ||||||
Pool #470556, 0.892%, 12/01/20(a)(c) | 21,070,000 | 21,064,396 | ||||||
Pool #AM9893, 0.579%, 10/01/21(a)(d) | 27,500,000 | 27,517,187 | ||||||
Pool #469856, 0.982%, 12/01/21(a)(c) | 17,690,000 | 17,680,500 | ||||||
Pool #AM9040, 0.462%, 06/01/22(a) | 17,995,000 | 17,989,518 | ||||||
Pool #AM9651, 0.485%, 08/01/22(a) | 14,330,000 | 14,325,772 | ||||||
Pool #AM0400, 0.672%, 08/01/22(a)(c) | 17,470,624 | 17,461,619 | ||||||
Pool #AM7213, 0.842%, 08/01/22(a) | 4,540,000 | 4,536,750 | ||||||
Pool #793025, 1.937%, 07/01/34(a) | 678,565 | 711,199 | ||||||
Pool #AL0222, 2.404%, 07/01/34(a) | 10,572,603 | 11,213,970 | ||||||
Pool #AD0064, 1.934%, 01/01/35(a) | 9,883,563 | 10,350,946 | ||||||
Pool #809384, 2.215%, 01/01/35(a) | 370,590 | 390,074 | ||||||
Pool #805338, 2.260%, 01/01/35(a) | 125,564 | 129,169 | ||||||
Pool #813718, 2.311%, 01/01/35(a) | 8,178,598 | 8,663,553 | ||||||
Pool #809324, 1.945%, 02/01/35(a) | 8,092 | 8,504 | ||||||
Pool #814686, 2.225%, 03/01/35(a) | 187,078 | 194,407 | ||||||
Pool #AD7165, 1.940%, 04/01/35(a) | 2,162,007 | 2,281,732 | ||||||
Pool #995609, 2.446%, 04/01/35(a) | 2,030,865 | 2,166,036 | ||||||
Pool #822302, 2.462%, 05/01/35(a) | 3,773,999 | 4,019,560 | ||||||
Pool #AD0886, 2.380%, 07/01/35(a) | 2,983,403 | 3,158,048 | ||||||
Pool #AL0505, 2.351%, 11/01/35(a) | 9,724,500 | 10,340,219 | ||||||
Pool #AL0345, 2.435%, 11/01/35(a) | 4,624,691 | 4,900,545 | ||||||
Pool #AD0377, 1.948%, 01/01/36(a) | 2,501,588 | 2,631,605 | ||||||
Pool #888722, 2.239%, 01/01/36(a) | 2,123,278 | 2,251,265 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #995540, 2.370%, 01/01/36(a) | 7,038,111 | 7,468,337 | ||||||
Pool #888782, 2.315%, 03/01/36(a) | 1,658,156 | 1,757,741 | ||||||
Pool #AL1015, 2.277%, 04/01/36(a) | 2,439,781 | 2,584,434 | ||||||
Pool #AL0854, 2.383%, 06/01/36(a) | 6,089,164 | 6,472,896 | ||||||
Pool #AL2202, 2.385%, 06/01/36(a) | 9,866,461 | 10,457,114 | ||||||
Pool #888859, 2.372%, 10/01/36(a) | 816,669 | 867,404 | ||||||
Pool #AA3517, 2.135%, 11/01/36(a) | 6,262,574 | 6,609,500 | ||||||
Pool #903166, 2.421%, 11/01/36(a) | 2,699,694 | 2,886,800 | ||||||
Pool #AL0968, 2.322%, 12/01/36(a) | 16,190,957 | 17,210,394 | ||||||
Pool #906216, 2.232%, 01/01/37(a) | 2,356,281 | 2,513,058 | ||||||
Pool #AL0872, 1.910%, 07/01/37(a) | 4,073,579 | 4,287,707 | ||||||
Pool #AL0960, 2.358%, 07/01/37(a) | 16,447,061 | 17,441,355 | ||||||
Pool #AD0380, 2.291%, 10/01/37(a) | 8,570,095 | 9,073,503 | ||||||
Pool #AE0332, 2.261%, 11/01/37(a) | 6,455,213 | 6,843,177 | ||||||
Pool #AL0966, 2.339%, 11/01/37(a) | 6,252,730 | 6,643,979 | ||||||
Pool #AL0270, 2.286%, 08/01/38(a) | 14,153,399 | 15,016,601 | ||||||
Pool #AE0066, 2.396%, 09/01/39(a) | 15,345,055 | 16,297,186 | ||||||
Pool #725874, 2.432%, 09/01/39(a) | 71,564 | 75,981 | ||||||
Pool #AL2013, 2.340%, 10/01/39(a) | 362,020 | 384,955 | ||||||
Pool #AL6516, 2.316%, 04/01/40(a) | 16,658,916 | 17,672,214 | ||||||
Pool #AL1801, 2.940%, 05/01/42(a) | 7,077,829 | 7,356,867 | ||||||
Pool #AT1150, 2.822%, 09/01/43(a) | 12,704,388 | 13,149,303 | ||||||
Pool #AT1155, 2.979%, 09/01/43(a) | 3,615,009 | 3,765,597 | ||||||
Pool #AY4058, 2.809%, 05/01/44(a) | 4,776,960 | 4,937,070 | ||||||
Pool #AW6998, 3.216%, 06/01/44(a) | 2,731,726 | 2,842,282 |
See Notes to Financial Statements.
74
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AL5406, 3.221%, 06/01/44(a) | 9,828,599 | 10,233,900 | ||||||
Pool #AW9723, 2.275%, 07/01/44(a) | 8,578,931 | 8,866,184 | ||||||
Pool #AL5640, 2.292%, 08/01/44(a) | 4,724,836 | 4,874,045 | ||||||
Pool #AW2253, 3.023%, 08/01/44(a) | 4,079,434 | 4,262,967 | ||||||
Pool #AL5643, 2.976%, 09/01/44(a) | 2,347,350 | 2,427,601 | ||||||
Pool #AL5793, 3.139%, 09/01/44(a) | 4,838,284 | 5,022,021 | ||||||
Pool #AX3646 FN, 2.272%, | 4,700,192 | 4,845,416 | ||||||
Pool #AW3236, 2.539%, 10/01/44(a) | 9,524,356 | 9,882,563 | ||||||
Pool #AX6452, 2.525%, 11/01/44(a) | 5,377,693 | 5,572,466 | ||||||
Pool #AX5937, 2.550%, 11/01/44(a) | 1,814,341 | 1,880,655 | ||||||
Pool #AX9332, 3.037%, 12/01/44(a) | 9,890,844 | 10,237,951 | ||||||
Pool #AY0836, 2.314%, 01/01/45(a) | 2,720,846 | 2,799,930 | ||||||
Pool #AY3142, 2.604%, 01/01/45(a) | 1,100,718 | 1,135,251 | ||||||
Pool #AY2431, 2.263%, 02/01/45(a) | 6,103,092 | 6,273,728 | ||||||
Pool #AY9825, 2.187%, 04/01/45(a) | 8,214,598 | 8,414,107 | ||||||
Pool #AY7185, 2.464%, 04/01/45(a) | 5,853,572 | 5,992,937 | ||||||
|
| |||||||
633,362,390 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages |
| 898,050,143 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
U.S. Treasury Obligation 1.9% | ||||||||
U.S. Treasury Note 1.9% | ||||||||
0.625%, 08/31/17(c) | 31,405,000 | 31,403,775 | ||||||
|
| |||||||
Total U.S. Treasury Obligation |
| 31,403,775 | ||||||
|
| |||||||
Money Market Fund 4.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(e) | 67,607,811 | 67,607,811 | ||||||
|
| |||||||
Total Money Market Fund |
| 67,607,811 | ||||||
|
| |||||||
Total Investments |
| 1,677,850,043 | ||||||
Liabilities in excess of other | (22,445,256 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $1,655,404,787 | |||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(b) | Less than 0.05% of Net Assets. |
(c) | 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. |
(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, 2015. |
Investment Abbreviations
REMIC | — | Real Estate Mortgage Investment Conduit | ||
STRIPS | — | Separate Trading of Registered Interest and Principal Securities |
Open Futures Contracts
At September 30, 2015, the Fund’s open futures contracts were as follows:
Description | Position | Notional Amount | Expiration Month | Contracts | Unrealized Depreciation | |||||||||||||
U.S. Treasury 2 Year Note | Short | $(161,102,146) | December 2015 | 736 | $ (104,854) | |||||||||||||
U.S. Treasury 5 Year Note | Short | (30,747,150) | December 2015 | 257 | (225,366) | |||||||||||||
|
| |||||||||||||||||
$(330,220) | ||||||||||||||||||
|
|
See Notes to Financial Statements.
75
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix U.S. Mortgage Fund††
Shares or Principal Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations 5.2% | ||||||||
Agency Collateralized Mortgage Obligation 0.6% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3768, Cl CB, 3.500%, 12/15/25 | 182,300 | 196,117 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 4.6% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series KP02, Cl A2, 2.355%, 04/25/21(a) | 485,000 | 494,325 | ||||||
|
| |||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2012-ALOH, Cl A, 3.551%, 04/10/34(b) | 365,000 | 383,117 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(b) | 109,000 | 110,178 | ||||||
|
| |||||||
493,295 | ||||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2014-CPT, Cl A, 3.350%, 07/13/29(b) | 300,000 | 310,973 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2011-C5, Cl A4, 3.667%, 11/15/44 | 155,000 | 164,799 | ||||||
|
| |||||||
1,463,392 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 1,659,509 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 89.3% | ||||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #C01785, 5.000%, 02/01/34 | 209,519 | 231,980 | ||||||
Pool #C91768, 3.500%, 07/01/34 | 1,684,618 | 1,779,115 | ||||||
Pool #Z40004, 6.000%, 08/01/36 | 65,517 | 74,226 | ||||||
Pool #A85718, 4.000%, 04/01/39 | 73,762 | 79,614 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 35,365 | 38,426 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 143,588 | 153,337 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 180,226 | 196,128 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 147,007 | 161,904 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 159,313 | 170,540 | ||||||
Pool #A95085, 4.000%, 11/01/40 | 340,547 | 363,712 | ||||||
Pool #A95796, 4.000%, 12/01/40 | 100,798 | 107,650 | ||||||
Pool #A97047, 4.500%, 02/01/41 | 269,144 | 292,067 | ||||||
Pool #G08499, 3.000%, 07/01/42 | 105,635 | 107,142 | ||||||
Pool #Q10188, 3.500%, 08/01/42 | 711,436 | 743,397 | ||||||
Pool #849167, 2.970%, 10/01/43(a) | 906,989 | 940,338 | ||||||
Pool #Q26366, 4.000%, 05/01/44 | 267,338 | 287,237 | ||||||
Pool #Q31645, 4.000%, 02/01/45 | 142,991 | 152,740 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued | ||||||||
Pool #G08637, 4.000%, 04/01/45 | 620,034 | 661,194 | ||||||
|
| |||||||
6,540,747 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AB1763, 4.000%, 11/01/30 | 180,596 | 194,669 | ||||||
Pool #MA1763, 3.500%, 01/01/34 | 137,070 | 144,819 | ||||||
Pool #AL0049, 6.000%, 12/01/35 | 51,157 | 57,694 | ||||||
Pool #889529, 6.000%, 03/01/38 | 341,138 | 387,823 | ||||||
Pool #AU4728, 4.000%, 09/01/38 | 143,343 | 153,665 | ||||||
Pool #AE0814, 6.000%, 09/01/39 | 608,154 | 686,968 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 11,920 | 12,724 | ||||||
Pool #AX3605, 3.500%, 01/01/40 | 241,239 | 252,593 | ||||||
Pool #AC4624, 3.500%, 10/01/40 | 226,417 | 237,628 | ||||||
Pool #AD9725, 3.500%, 10/01/40 | 92,629 | 96,855 | ||||||
Pool #AE3860, 5.000%, 10/01/40 | 809,521 | 898,291 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 44,173 | 47,220 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 40,835 | 43,770 | ||||||
Pool #AB2071, 3.500%, 01/01/41 | 80,774 | 84,467 | ||||||
Pool #AH4161, 3.500%, 01/01/41(c) | 1,153,943 | 1,206,671 | ||||||
Pool #MA0639, 4.000%, 02/01/41(c) | 471,174 | 503,655 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 192,340 | 209,164 | ||||||
Pool #890381, 3.500%, 10/01/41 | 390,068 | 407,897 | ||||||
Pool #AB3865, 3.500%, 11/01/41 | 61,652 | 64,687 | ||||||
Pool #MA1044, 3.000%, 04/01/42(c) | 510,031 | 519,080 | ||||||
Pool #AB5188, 3.500%, 05/01/42 | 84,247 | 88,106 | ||||||
Pool #AO9795, 3.500%, 07/01/42(c) | 799,484 | 835,993 | ||||||
Pool #AP4613, 4.000%, 08/01/42 | 76,748 | 82,167 | ||||||
Pool #AP7874, 3.500%, 10/01/42 | 149,417 | �� | 156,260 | |||||
Pool #AT2016, 3.000%, 04/01/43 | 423,876 | 430,920 | ||||||
Pool #AL3657, 3.500%, 06/01/43 | 216,425 | 227,381 | ||||||
Pool #AS0203, 3.000%, 08/01/43(c) | 1,092,940 | 1,110,892 | ||||||
Pool #AL5939, 3.500%, 09/01/43(a) | 455,115 | 476,054 | ||||||
Pool #AY2685, 4.500%, 01/01/45 | 101,202 | 110,785 | ||||||
Pool #AX8835, 2.809%, 02/01/45(a) | 179,857 | 184,964 | ||||||
Pool #MA2279, 4.000%, 05/01/45 | 426,310 | 455,449 | ||||||
|
| |||||||
10,369,311 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Pool #004396, 4.000%, 03/20/39 | 191,020 | 204,279 | ||||||
Pool #734104, 3.500%, 12/15/40 | 503,929 | 527,891 | ||||||
Pool #AM1086, 4.000%, 09/15/41 | 188,948 | 201,998 | ||||||
Pool #AA5471, 4.000%, 12/15/41 | 1,152,481 | 1,231,576 | ||||||
Pool #MA0154, 3.500%, 06/20/42 | 240,133 | 252,392 |
See Notes to Financial Statements.
76
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix U.S. Mortgage Fund†† — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued | ||||||||
Pool #MA0321, 5.000%, 08/20/42 | 28,901 | 31,724 | ||||||
Pool #AE7700, 3.500%, 08/15/43 | 361,518 | 379,940 | ||||||
Pool #666413, 4.000%, 09/15/43 | 74,841 | 80,674 | ||||||
Pool #MA2681, 5.000%, 03/20/45 | 141,130 | 154,141 | ||||||
Pool #AM0226, 4.000%, 05/15/45 | 203,785 | 217,851 | ||||||
Pool #AM9859, 4.000%, 05/15/45 | 175,333 | 188,463 | ||||||
Pool #AM8201, 4.000%, 05/15/45 | 269,829 | 289,823 | ||||||
Pool #MA2828, 4.500%, 05/20/45 | 301,185 | 324,249 | ||||||
Pool #AN6788, 3.500%, 06/15/45 | 72,661 | 76,142 | ||||||
Pool #AM9875, 4.000%, 06/15/45 | 217,070 | 234,145 | ||||||
Pool #AN7421, 4.000%, 06/15/45 | 663,753 | 710,615 | ||||||
Pool #MA2894, 4.500%, 06/20/45 | 623,732 | 671,665 | ||||||
Pool #AC4267, 3.500%, 07/15/45 | 144,739 | 152,410 | ||||||
Pool #AN6802, 3.500%, 07/15/45 | 71,782 | 75,221 | ||||||
Pool #626960, 3.500%, 07/15/45 | 301,992 | 317,977 | ||||||
Pool #AN5781, 4.000%, 07/15/45 | 139,593 | 150,067 | ||||||
Pool #AN6811, 4.000%, 07/15/45 | 697,853 | 746,090 | ||||||
Pool #AN5746, 4.000%, 07/15/45 | 58,444 | 62,827 | ||||||
Pool #MA2963, 4.500%, 07/20/45 | 1,589,535 | 1,711,667 | ||||||
Pool #626970, 3.500%, 08/15/45 | 319,489 | 336,414 | ||||||
Pool #AO0509, 3.500%, 08/15/45 | 257,616 | 270,552 | ||||||
Pool #AM9022, 4.000%, 08/15/45 | 699,059 | 747,502 | ||||||
Pool #AO3608, 4.000%, 08/15/45 | 1,083,483 | 1,164,983 | ||||||
Pool #MA3036, 4.500%, 08/20/45 | 234,032 | 252,325 | ||||||
|
| |||||||
11,765,603 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 28,675,661 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
U.S. Treasury Obligations 1.9% | ||||||||
U.S. Treasury Notes 1.9% | ||||||||
1.500%, 01/31/19 | 168,000 | 170,525 | ||||||
1.375%, 02/29/20 | 241,000 | 242,098 | ||||||
2.000%, 08/15/25 | 200,000 | 198,943 | ||||||
|
| |||||||
Total U.S. Treasury Obligations | 611,566 | |||||||
|
| |||||||
Money Market Fund 4.6% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(d) | 1,470,496 | 1,470,496 | ||||||
|
| |||||||
Total Money Market Fund | 1,470,496 | |||||||
|
| |||||||
Total Investments | 32,417,232 | |||||||
Liabilities in excess of other assets — (1.0)% | (317,988 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 32,099,244 | ||||||
|
|
†† | Formerly Limited-Term Federal Mortgage Securities Fund. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(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 2.5% of net assets as of September 30, 2015. |
(c) | 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. |
(d) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
See Notes to Financial Statements.
77
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Ultra-Short Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 21.9% | ||||||||
Auto Floor Plan 1.8% | ||||||||
BMW Floorplan Master Owner Trust, Series 2015-1A, Cl A, 0.707%, 07/15/20(a)(b) | 1,000,000 | 997,199 | ||||||
Mercedes-Benz Master Owner Trust, Series 2012-AA, Cl A, 0.790%, | 687,000 | 686,999 | ||||||
|
| |||||||
1,684,198 | ||||||||
|
| |||||||
Automobiles 6.5% | ||||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl A2A, 0.540%, 10/10/17 | 353,889 | 353,636 | ||||||
California Republic Auto Receivables Trust, Series 2014-1, Cl A3, 0.850%, 05/15/18 | 518,550 | 518,275 | ||||||
Honda Auto Receivables Owner Trust, Series 2013-2, Cl A3, 0.530%, 02/16/17 | 994,005 | 993,577 | ||||||
Honda Auto Receivables Owner Trust, Series 2014-1, Cl A2, 0.410%, 09/21/16 | 80,047 | 80,024 | ||||||
Hyundai Auto Receivables Trust, Series 2011-C, Cl A4, 1.300%, 02/15/18 | 401,505 | 401,897 | ||||||
Porsche Innovative Lease Owner Trust, Series 2013-1, Cl A4, 0.880%, | 350,000 | 350,103 | ||||||
Santander Drive Auto Receivables Trust, Series 2012-AA, Cl B, 1.210%, | 354,395 | 354,459 | ||||||
Toyota Auto Receivables 2015-A Owner Trust, Series 2015-A, Cl A3, 1.120%, 02/15/19 | 1,600,000 | 1,599,840 | ||||||
USAA Auto Owner Trust 2014-1, Series 2014-1, Cl A3, 0.580%, 12/15/17 | 1,470,186 | 1,469,360 | ||||||
|
| |||||||
6,121,171 | ||||||||
|
| |||||||
Credit Card 9.2% | ||||||||
American Express Credit Account Master Trust, Series 2013-1, Cl A, 0.627%, 02/16/21(a) | 508,000 | 508,877 |
Shares or Principal Amount($) | Value($) | |||||||
Credit Card—continued | ||||||||
American Express Credit Account Master Trust, Series 2013-2, Cl A, 0.627%, 05/17/21(a) | 125,000 | 125,038 | ||||||
BA Credit Card Trust, Series 2015-A2, Cl A, 1.360%, 09/15/20 | 1,095,000 | 1,097,001 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-1, Cl A, 0.567%, 12/16/19(a) | 280,000 | 279,376 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.557%, 03/16/20(a) | 1,481,000 | 1,478,505 | ||||||
Capital One Multi-Asset Execution Trust, Series 2015-A1, Cl A, 1.390%, 01/15/21 | 873,000 | 875,993 | ||||||
Citibank Credit Card Issuance Trust, Series 2013-A10, Cl A10, 0.730%, 02/07/18 | 1,300,000 | 1,300,515 | ||||||
Discover Card Execution Note Trust, Series 2013-A5, Cl A5, 1.040%, 04/15/19 | 694,000 | 695,441 | ||||||
Discover Card Execution Note Trust, Series 2014-A1, Cl A1, 0.637%, | 800,000 | 801,883 | ||||||
GE Capital Credit Card Master Note Trust, Series 2011-2, Cl A, 0.687%, 05/15/19 | 1,500,000 | 1,499,809 | ||||||
|
| |||||||
8,662,438 | ||||||||
|
| |||||||
Other 3.2% | ||||||||
AEP Texas Central Transition Funding LLC, Series 2002-1, Cl A5, 6.250%, 01/15/17 | 172,778 | 175,621 | ||||||
CenterPoint Energy Restoration Bond Co. LLC, Series 2009-1, Cl A2, 3.460%, 08/15/19 | 716,268 | 739,639 | ||||||
Centerpoint Energy Transition Bond Co. III LLC, Series 2008-A, Cl A1, 4.192%, 02/01/20 | 512,284 | 521,929 | ||||||
Ohio Phase-In-Recovery Funding LLC, Series 2013-1, Cl A1, 0.958%, 07/01/18 | 1,253,444 | 1,253,589 |
See Notes to Financial Statements.
78
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Ultra-Short Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Other—continued | ||||||||
Oncor Electric Delivery Transition Bond Co. LLC, Series 2004-1, Cl A3, 5.290%, 05/15/18 | 344,236 | 349,423 | ||||||
|
| |||||||
3,040,201 | ||||||||
|
| |||||||
Student Loan Asset Backed Security 1.2% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.444%, 09/25/19(a) | 1,122,625 | 1,113,160 | ||||||
|
| |||||||
Total Asset-Backed Securities | 20,621,168 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 13.2% |
| |||||||
Agency Collateralized Mortgage Obligations 1.1% |
| |||||||
Federal National Mortgage Association | ||||||||
Series 2005-92, Cl UF, REMIC, 0.544%, 10/25/25(a) | 148,811 | 149,535 | ||||||
Series 2010-134, Cl BF, REMIC, 0.624%, 10/25/40(a) | 615,975 | 617,802 | ||||||
|
| |||||||
767,337 | ||||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2011-R5, Cl 1A, 0.583%, 04/06/20(a) | 276,124 | 276,195 | ||||||
Series 2011-R6, Cl 1A, 0.583%, 05/07/20(a) | 43,791 | 43,798 | ||||||
|
| |||||||
319,993 | ||||||||
|
| |||||||
1,087,330 | ||||||||
|
| |||||||
Commercial Mortgage Backed Securities 11.9% |
| |||||||
Bear Stearns Commercial Mortgage Securities Trust | ||||||||
Series 2005-PW10, Cl A4, 5.405%, 12/11/40(a) | 297,088 | 297,096 | ||||||
|
| |||||||
Commercial Mortgage Trust | ||||||||
Series 2012-CR2, Cl A2, 2.025%, 08/15/45 | 425,000 | 430,127 | ||||||
Series 2012-LC4, Cl A2, 2.256%, 12/10/44 | 663,080 | 669,809 | ||||||
|
| |||||||
1,099,936 | ||||||||
|
| |||||||
Credit Suisse Commercial Mortgage Trust | ||||||||
Series 2006-C5, Cl A3, 5.311%, 12/15/39 | 1,531,794 | 1,564,582 | ||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2011-M1, Cl FA, | 1,411,085 | 1,423,366 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2011-PLSD, Cl A2, 3.364%, 11/13/28(b) | 450,000 | 459,954 | ||||||
Series 2013-C13, Cl A1, 1.303%, 01/15/46 | 1,233,975 | 1,236,883 | ||||||
|
| |||||||
1,696,837 | ||||||||
|
| |||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||
Series 2013-C12, Cl A1, 1.313%, 10/15/46 | 907,204 | 903,980 | ||||||
Series 2014-C14, Cl A1, 1.250%, 02/15/47 | 343,051 | 341,460 | ||||||
|
| |||||||
1,245,440 | ||||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2006-IQ12, Cl A1A, 5.319%, 12/15/43 | 481,432 | 498,255 | ||||||
Series 2012-C4, Cl A2, 2.111%, 03/15/45 | 1,830,000 | 1,847,149 | ||||||
|
| |||||||
2,345,404 | ||||||||
|
| |||||||
WF-RBS Commercial Mortgage Trust | ||||||||
Series 2012-C10, Cl A2, 1.765%, 12/15/45 | 1,500,000 | 1,507,317 | ||||||
|
| |||||||
11,179,978 | ||||||||
|
| |||||||
Whole Loan Collateral Mortgage Obligation 0.2% |
| |||||||
Banc of America Mortgage Securities, Inc. | ||||||||
Series 2003-F, Cl 1A1, 2.623%, 07/25/33(a) | 209,000 | 200,033 | ||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 12,467,341 | |||||||
|
| |||||||
Corporate Bonds 51.3% | ||||||||
Advertising 0.5% | ||||||||
Omnicom Group, Inc., 5.900%, 04/15/16 | 505,000 | 517,348 | ||||||
|
| |||||||
Aerospace/Defense 1.0% | ||||||||
Harris Corp., 1.999%, 04/27/18 | 947,000 | 943,555 | ||||||
|
| |||||||
Auto Manufacturers 4.4% |
| |||||||
Daimler Finance North America LLC, 1.160%, 08/01/18(a)(b) | 1,665,000 | 1,658,486 | ||||||
Ford Motor Credit Co. LLC, 1.069%, 01/17/17, Series 00, MTN(a)(c) | 550,000 | 544,871 | ||||||
Ford Motor Credit Co. LLC, 2.145%, 01/09/18 | 206,000 | 205,299 |
See Notes to Financial Statements.
79
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Ultra-Short Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Auto Manufacturers—continued |
| |||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 465,000 | 494,568 | ||||||
PACCAR Financial Corp., 0.932%, 12/06/18, MTN(a) | 445,000 | 446,466 | ||||||
Volkswagen International Finance, 0.764%, 11/18/16(a)(b) | 785,000 | 762,751 | ||||||
|
| |||||||
4,112,441 | ||||||||
|
| |||||||
Banks 15.3% |
| |||||||
Bank of America Corp., 1.139%, 03/22/16, MTN(a)(c) | 725,000 | 726,306 | ||||||
Bank of America Corp., 2.000%, 01/11/18 | 1,432,000 | 1,437,296 | ||||||
Fifth Third Bank, 0.900%, 02/26/16 | 2,020,000 | 2,020,083 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 1,750,000 | 1,911,889 | ||||||
ING Bank NV, 1.800%, 03/16/18(b) | 1,537,000 | 1,539,219 | ||||||
JPMorgan Chase & Co., 6.125%, | 595,000 | 639,498 | ||||||
KeyBank NA, 0.819%, 11/25/16(a) | 1,620,000 | 1,620,355 | ||||||
Lloyds Bank PLC, 1.750%, 05/14/18 | 1,401,000 | 1,398,173 | ||||||
Morgan Stanley, 1.579%, 02/25/16(a)(c) | 720,000 | 721,695 | ||||||
UBS AG, 1.800%, 03/26/18, MTN | 1,561,000 | 1,560,207 | ||||||
Wells Fargo & Co., 1.250%, 07/20/16 | 860,000 | 863,701 | ||||||
|
| |||||||
14,438,422 | ||||||||
|
| |||||||
Beverages 0.5% |
| |||||||
Dr. Pepper Snapple Group, Inc., 2.900%, 01/15/16 | 425,000 | 427,488 | ||||||
|
| |||||||
Biotechnology 0.7% |
| |||||||
Celgene Corp., 2.125%, 08/15/18 | 685,000 | 690,425 | ||||||
|
| |||||||
Computers 0.5% |
| |||||||
Hewlett Packard Enterprise Co., 2.850%, 10/05/18(b)(d) | 431,000 | 430,448 | ||||||
|
| |||||||
Diversified Financial Services 2.3% |
| |||||||
American Express Credit Corp., 0.804%, 07/29/16(a) | 2,154,000 | 2,156,010 | ||||||
|
| |||||||
Electric 2.3% |
| |||||||
Duke Energy Corp., 0.705%, 04/03/17(a) | 1,010,000 | 1,007,155 | ||||||
MidAmerican Energy Co., 5.300%, 03/15/18 | 1,100,000 | 1,196,449 | ||||||
|
| |||||||
2,203,604 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Electronics 0.5% |
| |||||||
Corning, Inc., 1.500%, 05/08/18 | 465,000 | 465,399 | ||||||
|
| |||||||
Healthcare-Products 2.2% |
| |||||||
Becton Dickinson and Co., 1.800%, 12/15/17 | 727,000 | 730,187 | ||||||
Medtronic, Inc., 1.500%, 03/15/18 | 1,342,000 | 1,336,621 | ||||||
|
| |||||||
2,066,808 | ||||||||
|
| |||||||
Healthcare-Services 5.3% |
| |||||||
Aetna, Inc., 1.750%, 05/15/17 | 590,000 | 594,459 | ||||||
Providence Health & Services Obligated Group, 1.126%, 10/01/16(a)(c) | 1,520,000 | 1,524,256 | ||||||
UnitedHealth Group, Inc., 1.875%, 11/15/16 | 1,450,000 | 1,466,591 | ||||||
UnitedHealth Group, Inc., 6.000%, 02/15/18 | 1,254,000 | 1,381,956 | ||||||
|
| |||||||
4,967,262 | ||||||||
|
| |||||||
Oil & Gas 3.2% |
| |||||||
BP Capital Markets PLC, 0.956%, 09/26/18(a) | 1,450,000 | 1,439,599 | ||||||
Chevron Phillips Chemical Co. LLC, 1.700%, 05/01/18(b) | 1,553,000 | 1,549,490 | ||||||
|
| |||||||
2,989,089 | ||||||||
|
| |||||||
Pharmaceuticals 3.0% |
| |||||||
AbbVie, Inc., 1.200%, 11/06/15 | 895,000 | 895,383 | ||||||
AbbVie, Inc., 1.800%, 05/14/18 | 821,000 | 818,721 | ||||||
Actavis Funding SCS, 2.350%, 03/12/18 | 740,000 | 742,944 | ||||||
McKesson Corp., 2.284%, 03/15/19 | 375,000 | 375,787 | ||||||
|
| |||||||
2,832,835 | ||||||||
|
| |||||||
Pipelines 3.5% |
| |||||||
Columbia Pipeline Group, Inc., 2.450%, 06/01/18(b) | 728,000 | 729,407 | ||||||
Enbridge, Inc., 0.976%, 10/01/16(a) | 636,000 | 632,884 | ||||||
Enterprise Products Operating LLC, 3.200%, 02/01/16 | 770,000 | 775,243 | ||||||
Kinder Morgan, Inc., 2.000%, 12/01/17 | 719,000 | 713,791 | ||||||
Spectra Energy Partners LP, 2.950%, 06/15/16(c) | 488,000 | 494,217 | ||||||
|
| |||||||
3,345,542 | ||||||||
|
| |||||||
Retail 0.7% |
| |||||||
CVS Health Corp., 1.900%, 07/20/18 | 687,000 | 691,581 | ||||||
|
|
See Notes to Financial Statements.
80
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Ultra-Short Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services 2.0% |
| |||||||
American Tower Corp., 4.500%, 01/15/18(c) | 670,000 | 704,809 | ||||||
Verizon Communications, Inc., 0.733%, 06/09/17(a) | 390,000 | 388,441 | ||||||
Verizon Communications, Inc., 2.550%, 06/17/19(c) | 815,000 | 825,508 | ||||||
|
| |||||||
1,918,758 | ||||||||
|
| |||||||
Transportation 3.4% |
| |||||||
Burlington Northern Santa Fe LLC, 5.750%, 03/15/18 | 1,265,000 | 1,388,315 | ||||||
Canadian National Railway Co., 0.479%, 11/14/17(a) | 1,454,000 | 1,440,686 | ||||||
Norfolk Southern Corp., 5.750%, 01/15/16 | 350,000 | 354,760 | ||||||
|
| |||||||
3,183,761 | ||||||||
|
| |||||||
Total Corporate Bonds | 48,380,776 | |||||||
|
| |||||||
Municipal Bonds 5.3% | ||||||||
Louisiana 1.6% |
| |||||||
Louisiana Local Government Environmental Facilities & Community Development Authority, RB, 2.470%, 02/01/19 | 1,491,981 | 1,510,482 | ||||||
|
| |||||||
New Jersey 1.9% |
| |||||||
New Jersey Economic Development Authority, Series Q, RB, 1.096%, 06/15/16 | 1,755,000 | 1,751,420 | ||||||
|
| |||||||
South Carolina 1.8% |
| |||||||
South Carolina State Public Service Authority, Series D, RB, 1.297%, 06/01/16(a) | 1,690,000 | 1,691,673 | ||||||
|
| |||||||
Total Municipal Bonds | 4,953,575 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 4.4% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #1Q1404, 2.282%, 01/01/37(a) | 799,724 | 850,347 | ||||||
Pool #848852, 2.377%, 08/01/37(a) | 994,299 | 1,056,687 | ||||||
|
| |||||||
1,907,034 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AL0968, 2.351%, 12/01/36(a) | 309,445 | 328,929 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AD0380, 2.299%, 10/01/37(a) | 450,516 | 476,979 | ||||||
Pool #AL0966, 2.337%, 11/01/37(a) | 393,922 | 418,571 | ||||||
Pool #AT1150, 2.813%, 09/01/43(a) | 1,030,090 | 1,066,164 | ||||||
|
| |||||||
2,290,643 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages (Cost $4,069,282) | 4,197,677 | |||||||
|
| |||||||
Money Market Fund 4.3% |
| |||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(e) | 4,058,481 | 4,058,481 | ||||||
|
| |||||||
Total Money Market Fund | 4,058,481 | |||||||
|
| |||||||
Total Investments | 94,679,018 | |||||||
Liabilities in excess of other assets — (0.4)% | (361,016 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 94,318,002 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2015. |
(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 10.1% of net assets as of September 30, 2015. |
(c) | 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. |
(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, 2015. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit |
See Notes to Financial Statements.
81
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Ultra-Short Bond Fund† — concluded
Open Futures Contracts
At September 30, 2015, the Fund’s open futures contracts were as follows:
Description | Position | Notional Amount | Expiration Month | Contracts | Unrealized Depreciation | |||||||||||||
U.S. Treasury 2 Year Note | Short | $(23,421,098 | ) | December 2015 | 107 | $(15,246 | ) | |||||||||||
U.S. Treasury 5 Year Note | Short | (4,426,634 | ) | December 2015 | 37 | (32,444 | ) | |||||||||||
|
| |||||||||||||||||
$(47,690 | ) | |||||||||||||||||
|
|
See Notes to Financial Statements.
82
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Virginia Intermediate Municipal Bond Fund†
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 95.7% | ||||||||
Alabama 0.5% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 645,000 | 663,021 | ||||||
|
| |||||||
District of Columbia 2.0% | ||||||||
Metropolitan Washington D.C. Airports Authority, Airport System, Series B, RB, 5.000%, 10/01/26, BHAC | 2,175,000 | 2,450,812 | ||||||
|
| |||||||
Guam 0.3% | ||||||||
Territory of Guam, Series D, RB, 5.000%, 11/15/39 | 300,000 | 328,689 | ||||||
|
| |||||||
North Carolina 3.5% | ||||||||
North Carolina Capital Facilities Finance Agency, Educational Facilities, RB, 5.000%, 05/01/32 | 1,740,000 | 1,867,681 | ||||||
North Carolina State, RB, 5.000%, 03/01/27 | 1,925,000 | 2,256,678 | ||||||
|
| |||||||
4,124,359 | ||||||||
|
| |||||||
Virginia 89.4% | ||||||||
Chesterfield County, Series A, GO, 5.000%, 01/01/17 | 1,550,000 | 1,639,202 | ||||||
Fairfax County Economic Development Authority, RB, 5.000%, 08/01/22 | 3,700,000 | 4,256,443 | ||||||
Fairfax County Industrial Development Authority, RB, 5.000%, 05/15/37 | 1,810,000 | 2,020,213 | ||||||
Fairfax County Industrial Development Authority, RB, 5.500%, 05/15/35 | 1,000,000 | 1,128,130 | ||||||
Fairfax County Industrial Development Authority, Series D, RB, 5.000%, 05/15/27 | 1,300,000 | 1,502,956 | ||||||
Fairfax County Water Authority, RB, 5.000%, 04/01/27 | 600,000 | 710,856 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/22 | 2,780,000 | 3,303,363 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/28 | 1,375,000 | 1,626,336 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/30 | 1,000,000 | 1,164,580 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/32 | 2,000,000 | 2,307,320 |
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/23 | 1,060,000 | 1,171,491 | ||||||
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/24 | 2,425,000 | 2,680,061 | ||||||
Hampton Roads Sanitation District Wastewater, Series A, RB, 5.000%, 07/01/25 | 2,000,000 | 2,455,240 | ||||||
Hanover County, GO, 5.000%, 07/15/26, State Aid Withholding | 750,000 | 934,988 | ||||||
Hanover County Economic Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, NATL-RE | 2,645,000 | 2,819,887 | ||||||
Henrico County, GO, 5.000%, 07/15/17 | 1,450,000 | 1,565,434 | ||||||
Henrico County, GO, 5.000%, 08/01/17 | 405,000 | 437,951 | ||||||
Isle County Wight, Series A, GO, 5.000%, 07/01/35, State Aid Withholding | 750,000 | 864,683 | ||||||
James City County Economic Development Authority, Public Facility Project, RB, 5.000%, 06/15/21, AGM | 2,215,000 | 2,381,679 | ||||||
Loudoun County Industrial Development Authority, Series A, RB, 5.000%, 06/01/31 | 1,000,000 | 1,136,850 | ||||||
Manassas, Series C, GO, 5.000%, 07/01/27, State Aid Withholding | 3,080,000 | 3,716,821 | ||||||
New Kent County Economic Development Authority, School & Governmental Projects, RB, 5.000%, 02/01/18, AGM | 2,225,000 | 2,357,677 | ||||||
Norfolk Water Revenue, Series A, RB, 5.250%, 11/01/44 | 5,000,000 | 5,781,150 | ||||||
Northern Virginia Transportation Authority, RB, 5.000%, 06/01/26 | 1,250,000 | 1,511,775 | ||||||
Pittsylvania County, Series B, GO, 5.000%, 03/01/22 | 1,000,000 | 1,146,200 | ||||||
Portsmouth, Series D, GO, 5.000%, 07/15/23 | 1,250,000 | 1,433,350 |
See Notes to Financial Statements.
83
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Virginia Intermediate Municipal Bond Fund† — continued
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Prince County William, GO, 5.000%, 08/01/22, State Aid Withholding | 3,090,000 | 3,754,875 | ||||||
Richmond, GO, 5.000%, 07/15/24, Pre-refunded 07/15/2016 @ 100, AGM | 1,435,000 | 1,488,597 | ||||||
Richmond, Series A, GO, 5.000%, 07/15/27 | 1,000,000 | 1,123,040 | ||||||
Richmond Industrial Development Authority, Government Facilities, RB, 5.000%, 07/15/18, AMBAC | 1,795,000 | 1,930,810 | ||||||
Roanoke Economic Development Authority, Hospital Revenue, RB, 5.000%, 07/01/27 | 1,000,000 | 1,130,530 | ||||||
Virginia College Building Authority, Series A, RB, 5.000%, 09/01/17, ST INTERCEPT | 1,035,000 | 1,121,837 | ||||||
Virginia College Building Authority, Educational Facilities Project, Series A, RB, 5.000%, 09/01/17, Pre-refunded 09/01/2016 @ 100, ST INTERCEPT | 155,000 | 161,653 | ||||||
Virginia College Building Authority, Educational Facilities Project, Series B, RB, 5.000%, 03/01/21 | 1,700,000 | 2,007,207 | ||||||
Virginia College Building Authority, Educational Facilities Project, Washington & Lee University, RB, 5.375%, 01/01/21 | 3,950,000 | 4,397,140 | ||||||
Virginia Commonwealth Transportation Board, RB, 5.000%, 05/15/25, ST APPROP | 2,750,000 | 3,208,012 | ||||||
Virginia Commonwealth Transportation Board, RB, 5.000%, 05/15/25 | 1,000,000 | 1,221,860 | ||||||
Virginia Commonwealth University, Health System Authority, RB, 5.000%, 07/01/30 | 1,460,000 | 1,640,237 | ||||||
Virginia Housing Development Authority, Commonwealth Mortgage, Series A-1, RB, 3.650%, 01/01/18, GO of Authority | 1,205,000 | 1,279,276 |
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia Port Authority, Series A, AMT, RB, 5.000%, 07/01/32 | 5,000,000 | 5,645,800 | ||||||
Virginia Public Building Authority, Series A, RB, 5.000%, 08/01/31, Pre-refunded 08/01/2021 @ 100 | 10,000 | 11,982 | ||||||
Virginia Public Building Authority, Series A, RB, 5.000%, 08/01/31 | 1,240,000 | 1,442,616 | ||||||
Virginia Public School Authority, RB, 5.000%, 07/15/18, State Aid Withholding | 1,510,000 | 1,686,534 | ||||||
Virginia Public School Authority, RB, 5.000%, 08/01/18, State Aid Withholding | 4,000,000 | 4,468,680 | ||||||
Virginia Public School Authority, RB, 5.000%, 08/01/22, State Aid Withholding | 3,400,000 | 4,099,040 | ||||||
Virginia Public School Authority, Series A, RB, 5.000%, 08/01/27, State Aid Withholding | 2,060,000 | 2,433,478 | ||||||
Virginia Public School Authority, School Financing, RB, 5.000%, 07/15/26, State Aid Withholding | 2,000,000 | 2,228,080 | ||||||
Virginia Resources Authority, RB, 5.000%, 11/01/30, Pre-refunded 11/01/2020 @ 100 | 75,000 | 88,545 | ||||||
Virginia Resources Authority, RB, 5.000%, 11/01/30 | 675,000 | 777,202 | ||||||
Virginia Resources Authority, Series A, RB, 5.000%, 11/01/24 | 1,075,000 | 1,223,683 | ||||||
Virginia Resources Authority, Series A, RB, 5.000%, 11/01/32 | 300,000 | 351,183 | ||||||
Virginia Resources Authority Clean Water, Revolving Fund, RB, 5.000%, 10/01/16 | 2,030,000 | 2,125,552 | ||||||
Virginia Resources Authority Infrastructure, Pooled Financing Program, Series A, RB, 5.000%, 11/01/28 | 2,300,000 | 2,743,371 |
See Notes to Financial Statements.
84
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Virginia Intermediate Municipal Bond Fund† — concluded
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia Resources Authority Infrastructure, Pooled Financing Program, Series B, RB, 5.000%, 11/01/20 | 305,000 | 359,943 | ||||||
|
| |||||||
106,205,399 | ||||||||
|
| |||||||
Total Municipal Bonds | 113,772,280 | |||||||
|
| |||||||
Money Market Fund 3.4% | ||||||||
Federated Virginia Municipal Cash Trust, Institutional Share, 0.01%(b) | 4,017,007 | 4,017,007 | ||||||
|
| |||||||
Total Money Market Fund | 4,017,007 | |||||||
|
| |||||||
Total Investments | 117,789,287 | |||||||
Other assets in excess of liabilities — 0.9% | 1,024,847 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 118,814,134 | ||||||
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2015. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2015. |
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 | ||
BHAC | — | Security guaranteed by Berkshire Hathaway Assurance Corporation | ||
GO | — | General Obligation | ||
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.
85
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Core Bond Fund† | Seix Corporate Bond Fund† | Seix Floating Rate High Income Fund | Seix Georgia Tax-Exempt Bond Fund† | Seix High Grade Municipal Bond Fund† | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $302,891,039 | $19,348,834 | $6,253,014,556 | $132,367,011 | $112,063,372 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $304,175,183 | $19,040,525 | $5,977,304,640 | $139,189,529 | $116,494,729 | |||||||||||||||
Interest Receivable | 1,335,215 | 180,512 | 41,954,516 | 1,936,555 | 1,191,815 | |||||||||||||||
Securities Lending Income Receivable | 9,734 | 31 | — | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 78,654 | 1,280 | 9,472,661 | 22,432 | 41,081 | |||||||||||||||
Receivable for Investment Securities Sold | 2,960,011 | — | 134,338,689 | — | 1,764,748 | |||||||||||||||
Receivable for Investment Securities Sold on a When-issued Basis | — | — | 9,471,743 | — | — | |||||||||||||||
Receivable from Investment Adviser | — | 2,977 | — | — | 2,297 | |||||||||||||||
Prepaid Expenses and Other Assets | 49,896 | 19,845 | 198,654 | 12,889 | 27,088 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 308,608,693 | 19,245,170 | 6,172,740,903 | 141,161,405 | 119,521,758 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 3,146,039 | — | 8,953 | — | — | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | 1,411,722 | 115,921 | 137,716,492 | — | 3,660,380 | |||||||||||||||
Due to Custodian | 67,214 | — | — | — | — | |||||||||||||||
Payable for Capital Shares Redeemed | 5,296,650 | 16,591 | 29,297,812 | 265,740 | 66,210 | |||||||||||||||
Payable Upon Return of Securities Loaned | 89,413 | 20,993 | — | — | — | |||||||||||||||
Income Distributions Payable | 60,197 | 1,068 | 5,296,536 | 6,202 | 64,334 | |||||||||||||||
Unrealized Depreciation on Unfunded Commitments | — | — | 6,047 | — | — | |||||||||||||||
Investment Advisory Fees Payable | 62,724 | 6,072 | 2,053,296 | 57,575 | 47,604 | |||||||||||||||
Compliance and Fund Services Fees Payable | 5,966 | 797 | 117,714 | 2,378 | 1,985 | |||||||||||||||
Distribution and Service Fees Payable | 3,420 | 7,082 | 87,941 | 421 | 1,784 | |||||||||||||||
Trustee Fees Payable | 1,716 | 130 | 13,506 | 163 | 180 | |||||||||||||||
Other Accrued Expenses | 125,479 | 11,057 | 2,477,570 | 34,592 | 22,823 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 10,270,540 | 179,711 | 177,075,867 | 367,071 | 3,865,300 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $298,338,153 | $19,065,459 | $5,995,665,036 | $140,794,334 | $115,656,458 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $296,884,143 | $19,125,967 | $6,365,852,329 | $134,797,719 | $110,433,495 | |||||||||||||||
Accumulated Net Investment Income (Loss) | (575,087 | ) | (62,195 | ) | 611,331 | 190,524 | (7,071 | ) | ||||||||||||
Accumulated Net Realized Gain (Loss) from Investments, Unfunded Commitments, Swaps and Foreign Currency Transactions | 744,953 | 309,996 | (95,082,661 | ) | (1,016,427 | ) | 798,677 | |||||||||||||
Net Unrealized Appreciation (Depreciation) on Investments, Unfunded Commitments, Swaps and Foreign Currencies | 1,284,144 | (308,309 | ) | (275,715,963 | ) | 6,822,518 | 4,431,357 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $298,338,153 | $19,065,459 | $5,995,665,036 | $140,794,334 | $115,656,458 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $284,921,130 | $9,903,290 | $4,648,862,029 | $137,373,810 | $101,054,716 | |||||||||||||||
A Shares | 10,130,849 | 686,244 | 149,011,643 | 3,420,524 | 14,601,742 | |||||||||||||||
C Shares | — | 8,475,925 | 61,023,954 | — | — | |||||||||||||||
R Shares | 3,262,017 | — | — | — | — | |||||||||||||||
IS Shares | 24,157 | — | 1,136,767,410 | — | — | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 26,447,362 | 1,155,175 | 542,664,304 | 12,743,634 | 8,282,192 | |||||||||||||||
A Shares | 940,633 | 79,708 | 17,393,596 | 316,811 | 1,196,268 | |||||||||||||||
C Shares | — | 988,959 | 7,121,280 | — | — | |||||||||||||||
R Shares | 302,574 | — | — | — | — | |||||||||||||||
IS Shares | 2,243 | — | 132,639,688 | — | — | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $10.77 | $8.57 | $8.57 | $10.78 | $12.20 | |||||||||||||||
A Shares | 10.77 | 8.61 | 8.57 | 10.80 | 12.21 | |||||||||||||||
C Shares(a) | — | 8.57 | 8.57 | — | — | |||||||||||||||
R Shares | 10.78 | — | — | — | — | |||||||||||||||
IS Shares | 10.77 | — | 8.57 | — | — | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $11.31 | $9.04 | $8.79 | $11.34 | $12.82 | |||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | 2.50 | % | 4.75 | % | 4.75 | % |
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
* | Investments include securities on loan of $84,954, $19,946, $—, $— and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
86
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix High Income Fund† | Seix High Yield Fund | Seix Investment Grade Tax- Exempt Bond Fund† | Seix Limited Duration Fund† | Seix North Carolina Tax- Exempt Bond Fund† | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $864,198,466 | $730,110,674 | $620,017,749 | $6,635,102 | $36,846,492 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $796,569,798 | $691,646,102 | $651,597,172 | $6,645,089 | $38,603,777 | |||||||||||||||
Cash | 11,298 | — | — | — | — | |||||||||||||||
Interest Receivable | 14,904,646 | 12,622,045 | 7,227,481 | 1,372 | 500,888 | |||||||||||||||
Securities Lending Income Receivable | 45,324 | 24,920 | — | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 592,277 | 1,175,035 | 1,589,612 | — | 206 | |||||||||||||||
Receivable for Investment Securities Sold | 7,404,016 | 7,652,404 | 29,508,328 | — | — | |||||||||||||||
Receivable for Investment Securities Sold on a When-issued Basis | 3,340,256 | 1,373,775 | — | — | — | |||||||||||||||
Receivable for Variation Margin on Centrally Cleared Swaps | — | 1,028,891 | — | — | — | |||||||||||||||
Receivable from Investment Adviser | — | — | 2,306 | 369 | 1,681 | |||||||||||||||
Prepaid Expenses and Other Assets | 62,034 | 41,801 | 36,219 | 5,271 | 8,493 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 822,929,649 | 715,564,973 | 689,961,118 | 6,652,101 | 39,115,045 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 7,541,375 | 14,270,979 | — | — | — | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | 15,273,055 | 11,699,239 | 38,256,629 | — | 1,183,200 | |||||||||||||||
Due to Custodian | — | 743,919 | — | — | — | |||||||||||||||
Payable for Capital Shares Redeemed | 5,530,383 | 2,246,121 | 1,389,850 | — | 3,171 | |||||||||||||||
Payable Upon Return of Securities Loaned | 59,807,942 | 33,076,072 | — | — | — | |||||||||||||||
Income Distributions Payable | 265,668 | 1,330,119 | 145,016 | 1,074 | 64,061 | |||||||||||||||
Investment Advisory Fees Payable | 340,050 | 247,533 | 263,583 | 545 | 15,645 | |||||||||||||||
Compliance and Fund Services Fees Payable | 15,130 | 13,181 | 13,372 | 126 | 678 | |||||||||||||||
Distribution and Service Fees Payable | 20,579 | 1,521 | 6,989 | — | 59 | |||||||||||||||
Trustee Fees Payable | 1,645 | 1,535 | 1,670 | 14 | 54 | |||||||||||||||
Other Accrued Expenses | 290,059 | 195,465 | 206,241 | 3,505 | 12,202 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 89,085,886 | 63,825,684 | 40,283,350 | 5,264 | 1,279,070 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $733,843,763 | $651,739,289 | $649,677,768 | $6,646,837 | $37,835,975 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $839,945,686 | $720,493,590 | $613,151,997 | $7,466,031 | $36,213,459 | |||||||||||||||
Accumulated Net Investment Loss | (563,093 | ) | (1,818,817 | ) | (228,442 | ) | (30 | ) | (63,144 | ) | ||||||||||
Accumulated Net Realized Gain (Loss) from Investments and Swaps Transactions | (37,910,162 | ) | (28,103,731 | ) | 5,174,790 | (829,151 | ) | (71,625 | ) | |||||||||||
Net Unrealized Appreciation (Depreciation) on Investments and Swaps | (67,628,668 | ) | (38,831,753 | ) | 31,579,423 | 9,987 | 1,757,285 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $733,843,763 | $651,739,289 | $649,677,768 | $6,646,837 | $37,835,975 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $660,741,725 | $645,103,128 | $624,447,236 | $6,646,837 | $37,379,355 | |||||||||||||||
A Shares | 52,895,916 | 6,050,960 | 25,230,532 | — | 456,620 | |||||||||||||||
R Shares | 17,000,503 | 585,201 | — | — | — | |||||||||||||||
IS Shares | 3,205,619 | — | — | — | — | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 108,239,752 | 79,522,471 | 51,317,239 | 676,440 | 3,586,124 | |||||||||||||||
A Shares | 8,658,554 | 764,760 | 2,070,979 | — | 43,913 | |||||||||||||||
R Shares | 2,783,242 | 72,186 | — | — | — | |||||||||||||||
IS Shares | 525,175 | — | — | — | — | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $6.10 | $8.11 | $12.17 | $9.83 | $10.42 | |||||||||||||||
A Shares | 6.11 | 7.91 | 12.18 | — | 10.40 | |||||||||||||||
R Shares | 6.11 | 8.11 | — | — | — | |||||||||||||||
IS Shares | 6.10 | — | — | — | — | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $6.41 | $8.30 | $12.79 | $— | $10.92 | |||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | 4.75 | % | — | 4.75 | % |
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
* | Investments include securities on loan of $72,937,782, $33,205,080, $—, $— and $—, respectively. |
See Notes to Financial Statements.
87
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Short-Term Bond Fund† | Seix Short-Term Municipal Bond Fund† | Seix Total Return Bond Fund† | Seix U.S. Government Securities Ultra- Short Bond Fund† | Seix U.S. Mortgage Fund†† | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $55,047,644 | $44,627,674 | $1,146,075,079 | $1,658,027,057 | $32,186,737 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $55,182,910 | $44,791,761 | $1,150,773,680 | $1,677,850,043 | $32,417,232 | |||||||||||||||
Cash | — | — | 5,250 | — | — | |||||||||||||||
Interest Receivable | 199,056 | 329,000 | 5,120,062 | 2,394,017 | 96,182 | |||||||||||||||
Cash Collateral on Deposit at Broker | — | — | — | 709,700 | — | |||||||||||||||
Securities Lending Income Receivable | — | — | 40,328 | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 9,192 | 22,532 | 670,973 | 1,171,215 | 7,544 | |||||||||||||||
Receivable for Investment Securities Sold | 284,040 | 2,820,901 | 11,280,839 | 5,171,903 | 204,074 | |||||||||||||||
Unrealized Appreciation on Forward Foreign Currency Contracts | — | — | 1,209,678 | — | — | |||||||||||||||
Receivable for Futures Variation Margin | — | — | — | 54,031 | — | |||||||||||||||
Receivable from Investment Adviser | 2,674 | 3,682 | — | — | 1,351 | |||||||||||||||
Prepaid Expenses and Other Assets | 24,917 | 19,667 | 63,292 | 60,401 | 27,198 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 55,702,789 | 47,987,543 | 1,169,164,102 | 1,687,411,310 | 32,753,581 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | — | — | 10,481,783 | — | 410,693 | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | 256,671 | 4,095,024 | 5,435,744 | 27,517,630 | — | |||||||||||||||
Payable for Capital Shares Redeemed | 26,221 | 5,147 | 2,669,683 | 3,521,379 | 212,741 | |||||||||||||||
Payable Upon Return of Securities Loaned | — | — | 817,348 | — | — | |||||||||||||||
Income Distributions Payable | 5,222 | 9,228 | 27,817 | 125,645 | 2,772 | |||||||||||||||
Unrealized Depreciation on Forward Foreign Currency Contracts | — | — | 2,094,412 | — | — | |||||||||||||||
Investment Advisory Fees Payable | 18,008 | 12,551 | 227,652 | 256,193 | 10,428 | |||||||||||||||
Compliance and Fund Services Fees Payable | 1,133 | 800 | 21,204 | 31,427 | 317 | |||||||||||||||
Distribution and Service Fees Payable | 1,594 | 654 | 30,203 | — | 5,505 | |||||||||||||||
Trustee Fees Payable | 152 | 58 | 2,133 | 3,032 | 95 | |||||||||||||||
Other Accrued Expenses | 21,064 | 16,544 | 381,627 | 551,217 | 11,786 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 330,065 | 4,140,006 | 22,189,606 | 32,006,523 | 654,337 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $55,372,724 | $43,847,537 | $1,146,974,496 | $1,655,404,787 | $32,099,244 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $56,446,483 | $43,632,495 | $1,144,928,110 | $1,655,487,033 | $32,499,277 | |||||||||||||||
Accumulated Net Investment Loss | (33,839 | ) | (1,445 | ) | (4,186,075 | ) | (1,739,518 | ) | (90,349 | ) | ||||||||||
Accumulated Net Realized Gain (Loss) from Investments, Futures, Swaps and Foreign Currency Transactions | (1,175,186 | ) | 52,400 | 2,418,594 | (17,835,494 | ) | (540,179 | ) | ||||||||||||
Net Unrealized Appreciation on Investments, Futures, Swaps and Foreign Currencies | 135,266 | 164,087 | 3,813,867 | 19,492,766 | 230,495 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $55,372,724 | $43,847,537 | $1,146,974,496 | $1,655,404,787 | $32,099,244 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $51,706,364 | $38,361,316 | $983,880,822 | $1,655,404,787 | $20,770,784 | |||||||||||||||
A Shares | 2,150,502 | 5,486,221 | 35,243,588 | — | 5,766,439 | |||||||||||||||
C Shares | 1,515,858 | — | — | — | 5,562,021 | |||||||||||||||
R Shares | — | — | 53,792,494 | — | — | |||||||||||||||
IS Shares | — | — | 74,057,592 | — | — | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 5,187,362 | 3,838,796 | 93,060,858 | 164,091,318 | 1,844,684 | |||||||||||||||
A Shares | 215,219 | 549,231 | 3,226,188 | — | 513,095 | |||||||||||||||
C Shares | 151,759 | — | — | — | 494,017 | |||||||||||||||
R Shares | — | — | 5,086,716 | — | — | |||||||||||||||
IS Shares | — | — | 7,002,645 | — | — | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $9.97 | $9.99 | $10.57 | $10.09 | $11.26 | |||||||||||||||
A Shares | 9.99 | 9.99 | 10.92 | — | 11.24 | |||||||||||||||
C Shares(a) | 9.99 | — | — | — | 11.26 | |||||||||||||||
R Shares | — | — | 10.58 | — | — | |||||||||||||||
IS Shares | — | — | 10.58 | — | — | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $10.25 | $10.25 | $11.46 | $— | $11.53 | |||||||||||||||
Maximum Sales Charge — A Shares | 2.50 | % | 2.50 | % | 4.75 | % | — | 2.50 | % |
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
†† | Formerly Limited-Term Federal Mortgage Securities Fund. |
* | Investments include securities on loan of $—, $—, $786,736, $— and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
88
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Seix Ultra-Short Bond Fund† | Seix Virginia Intermediate Municipal Bond Fund† | |||||||
Assets: | ||||||||
Total Investments, at Cost | $94,613,294 | $113,200,827 | ||||||
|
|
|
| |||||
Total Investments, at Value | $94,679,018 | $117,789,287 | ||||||
Interest Receivable | 286,578 | 1,365,412 | ||||||
Cash Collateral on Deposit at Broker | 102,850 | — | ||||||
Receivable for Capital Shares Issued | 66,045 | 304 | ||||||
Receivable for Investment Securities Sold | 29,189 | — | ||||||
Receivable for Futures Variation Margin | 7,844 | — | ||||||
Receivable from Investment Adviser | — | 2,047 | ||||||
Prepaid Expenses and Other Assets | 13,548 | 15,181 | ||||||
|
|
|
| |||||
Total Assets | 95,185,072 | 119,172,231 | ||||||
|
|
|
| |||||
Liabilities: | ||||||||
Payable for Investment Securities Purchased | 356,777 | — | ||||||
Payable for Investment Securities Purchased on a When-issued Basis | 430,448 | — | ||||||
Payable for Capital Shares Redeemed | 14,819 | 77,774 | ||||||
Income Distributions Payable | 11,162 | 193,008 | ||||||
Investment Advisory Fees Payable | 17,194 | 48,758 | ||||||
Compliance and Fund Services Fees Payable | 2,981 | 2,325 | ||||||
Distribution and Service Fees Payable | — | 585 | ||||||
Trustee Fees Payable | 356 | 212 | ||||||
Other Accrued Expenses | 33,333 | 35,435 | ||||||
|
|
|
| |||||
Total Liabilities | 867,070 | 358,097 | ||||||
|
|
|
| |||||
Total Net Assets | $94,318,002 | $118,814,134 | ||||||
|
|
|
| |||||
Net Assets Consist of: | ||||||||
Capital | $96,635,451 | $112,900,137 | ||||||
Accumulated Net Investment Income (Loss) | (35,728 | ) | 19,175 | |||||
Accumulated Net Realized Gain (Loss) from Investments and Futures Transactions | (2,299,755 | ) | 1,306,362 | |||||
Net Unrealized Appreciation on Investments and Futures | 18,034 | 4,588,460 | ||||||
|
|
|
| |||||
Net Assets | $94,318,002 | $118,814,134 | ||||||
|
|
|
| |||||
Net Assets: | ||||||||
I Shares | $94,318,002 | $114,044,810 | ||||||
A Shares | — | 4,769,324 | ||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||
I Shares | 9,500,700 | 11,210,847 | ||||||
A Shares | — | 468,962 | ||||||
Net Asset Value and Redemption Price Per Share: | ||||||||
I Shares | $9.93 | $10.17 | ||||||
A Shares | — | 10.17 | ||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||
A Shares | $— | $10.68 | ||||||
Maximum Sales Charge — A Shares | — | 4.75 | % |
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
89
Table of Contents
RIDGEWORTH FUNDS For the Period Ended September 30, 2015
(Unaudited)
Seix Core Bond Fund† | Seix Corporate Bond Fund† | Seix Floating Rate High Income Fund | Seix Georgia Tax-Exempt Bond Fund† | Seix High Grade Municipal Bond Fund† | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Interest Income | $2,655,047 | $459,398 | �� | $168,182,533 | $2,116,581 | $1,682,974 | ||||||||||||||
Dividend Income | — | — | 95,863 | — | — | |||||||||||||||
Net Income from Securities Lending | 19,581 | 422 | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 2,674,628 | 459,820 | 168,278,396 | 2,116,581 | 1,682,974 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 292,974 | 52,949 | 12,914,855 | 341,969 | 287,261 | |||||||||||||||
Administration Fees | 11,878 | 1,344 | 323,071 | 6,936 | 5,827 | |||||||||||||||
Fund Accounting Fees | 10,127 | 1,637 | 308,309 | 6,137 | 5,042 | |||||||||||||||
Transfer Agency Fees | 12,658 | 9,323 | 1,184,854 | 6,835 | 15,006 | |||||||||||||||
Compliance & Fund Services Fees | 7,979 | 1,345 | 241,483 | 5,109 | 4,275 | |||||||||||||||
Distribution and Service Fees — A Shares | 11,218 | 1,028 | 238,497 | 2,675 | 11,245 | |||||||||||||||
Distribution and Service Fees — C Shares | — | 44,051 | 315,671 | — | — | |||||||||||||||
Distribution and Service Fees — R Shares | 8,442 | — | — | — | — | |||||||||||||||
Shareholder Servicing Fees — I Shares | 136,941 | 2,826 | 2,921,226 | 59,149 | 32,480 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 1,569 | 57 | 81,328 | 182 | 1,703 | |||||||||||||||
Shareholder Servicing Fees — R Shares | 385 | — | — | — | — | |||||||||||||||
Custodian Fees | 7,023 | 5,553 | 547,373 | 3,936 | 3,871 | |||||||||||||||
Printing Fees | 5,348 | 1,240 | 203,003 | 2,925 | 3,122 | |||||||||||||||
Registration Fees | 24,707 | 19,549 | 45,755 | 7,318 | 16,863 | |||||||||||||||
Trustee Fees | 4,142 | 664 | 130,497 | 2,713 | 2,282 | |||||||||||||||
Other Fees | 16,719 | 5,322 | 428,470 | 10,837 | 9,173 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 552,110 | 146,888 | 19,884,392 | 456,721 | 398,150 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | (11,344 | ) | — | (9,721 | ) | (13,807 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 552,110 | 135,544 | 19,884,392 | 447,000 | 384,343 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 2,122,518 | 324,276 | 148,394,004 | 1,669,581 | 1,298,631 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Unfunded Commitments, Swaps and Foreign Currencies: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investments, Unfunded Commitments and Foreign Currency Transactions | 775,561 | (91,085 | ) | (44,043,066 | ) | 146,411 | (232,196 | ) | ||||||||||||
Swap Contracts | — | (10,948 | ) | — | — | — | ||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments, Unfunded Commitments and Foreign Currencies | (4,324,032 | ) | (1,125,850 | ) | (168,288,029 | ) | (1,101,273 | ) | (524,665 | ) | ||||||||||
Swap Contracts | — | 1,656 | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Loss on Investments, Unfunded Commitments, Swaps and Foreign Currencies | (3,548,471 | ) | (1,226,227 | ) | (212,331,095 | ) | (954,862 | ) | (756,861 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $(1,425,953 | ) | $(901,951 | ) | $(63,937,091 | ) | $714,719 | $541,770 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
90
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2015
(Unaudited)
Seix High Income Fund† | Seix High Yield Fund | Seix Investment Grade Tax- Exempt Bond Fund† | Seix Limited Duration Fund† | Seix North Carolina Tax- Exempt Bond Fund† | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Interest Income | $26,909,380 | $20,506,017 | $10,134,184 | $18,568 | $548,527 | |||||||||||||||
Dividend Income | 355,188 | 34,354 | — | — | — | |||||||||||||||
Net Income from Securities Lending | 346,919 | 196,723 | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 27,611,487 | 20,737,094 | 10,134,184 | 18,568 | 548,527 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 2,215,191 | 1,558,410 | 1,648,065 | 3,325 | 94,573 | |||||||||||||||
Administration Fees | 41,670 | 35,640 | 33,856 | 338 | 1,918 | |||||||||||||||
Fund Accounting Fees | 39,064 | 34,213 | 32,587 | 319 | 1,728 | |||||||||||||||
Transfer Agency Fees | 101,453 | 158,764 | 73,085 | 239 | 1,959 | |||||||||||||||
Compliance & Fund Services Fees | 31,737 | 26,485 | 26,627 | 257 | 1,438 | |||||||||||||||
Distribution and Service Fees — A Shares | 92,145 | 9,765 | 43,932 | — | 551 | |||||||||||||||
Distribution and Service Fees — R Shares | 48,201 | 1,769 | — | — | — | |||||||||||||||
Shareholder Servicing Fees — I Shares | 532,091 | 203,769 | 340,207 | — | 16,563 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 27,747 | 1,164 | 7,303 | — | 47 | |||||||||||||||
Shareholder Servicing Fees — R Shares | 8,761 | — | — | — | — | |||||||||||||||
Custodian Fees | 20,999 | 13,860 | 7,291 | 2,226 | 2,864 | |||||||||||||||
Printing Fees | 41,556 | 24,105 | 16,650 | 327 | 1,058 | |||||||||||||||
Registration Fees | 34,771 | 26,778 | 18,004 | 3,809 | 6,377 | |||||||||||||||
Trustee Fees | 16,750 | 14,100 | 13,966 | 136 | 761 | |||||||||||||||
Other Fees | 55,696 | 49,852 | 44,066 | 3,195 | 5,247 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 3,307,832 | 2,158,674 | 2,305,639 | 14,171 | 135,084 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | — | (109,510 | ) | (2,505 | ) | (11,394 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 3,307,832 | 2,158,674 | 2,196,129 | 11,666 | 123,690 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 24,303,655 | 18,578,420 | 7,938,055 | 6,902 | 424,837 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Swaps: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investment Transactions | (15,995,536 | ) | (8,474,868 | ) | (2,248,662 | ) | — | 151,596 | ||||||||||||
Swap Contracts | 302,557 | 469,765 | — | — | — | |||||||||||||||
Net Change in Unrealized Depreciation on: | ||||||||||||||||||||
Investments | (54,330,330 | ) | (41,113,902 | ) | (4,601,338 | ) | (3,516 | ) | (393,743 | ) | ||||||||||
Swap Contracts | (224,551 | ) | (734,931 | ) | — | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Loss on Investments and Swaps | (70,247,860 | ) | (49,853,936 | ) | (6,850,000 | ) | (3,516 | ) | (242,147 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $(45,944,205 | ) | $(31,275,516 | ) | $1,088,055 | $3,386 | $182,690 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
91
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2015
(Unaudited)
Seix Short-Term Bond Fund† | Seix Short-Term Municipal Bond Fund† | Seix Total Return Bond Fund† | Seix U.S. Government Securities Ultra- Short Bond Fund† | Seix U.S. Mortgage Fund†† | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Interest Income | $302,681 | $200,503 | $12,448,012 | $7,517,630 | $158,837 | |||||||||||||||
Net Income from Securities Lending | — | — | 114,554 | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 302,681 | 200,503 | 12,562,566 | 7,517,630 | 158,837 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 108,172 | 74,204 | 1,390,413 | 1,551,280 | 42,999 | |||||||||||||||
Administration Fees | 2,742 | 2,151 | 58,448 | 83,178 | 976 | |||||||||||||||
Fund Accounting Fees | 2,958 | 1,996 | 53,699 | 80,721 | 610 | |||||||||||||||
Transfer Agency Fees | 4,645 | 5,707 | 54,435 | 110,108 | 4,111 | |||||||||||||||
Compliance & Fund Services Fees | 2,217 | 1,625 | 44,052 | 63,779 | 489 | |||||||||||||||
Distribution and Service Fees — A Shares | 2,216 | 3,090 | 50,431 | — | 5,552 | |||||||||||||||
Distribution and Service Fees — C Shares | 7,977 | — | — | — | 23,306 | |||||||||||||||
Distribution and Service Fees — R Shares | — | — | 150,464 | — | — | |||||||||||||||
Shareholder Servicing Fees — I Shares | 25,742 | 15,981 | 672,341 | 1,210,731 | 5,557 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 327 | 849 | 28,248 | — | 2,864 | |||||||||||||||
Shareholder Servicing Fees — R Shares | — | — | 73,998 | — | — | |||||||||||||||
Custodian Fees | 3,892 | 3,280 | 35,202 | 16,118 | 3,919 | |||||||||||||||
Printing Fees | 1,691 | 1,755 | 40,084 | 48,623 | 762 | |||||||||||||||
Registration Fees | 20,694 | 14,756 | 32,157 | 20,419 | 20,542 | |||||||||||||||
Trustee Fees | 1,182 | 844 | 23,533 | 34,156 | 273 | |||||||||||||||
Other Fees | 6,496 | 5,507 | 78,007 | 104,506 | 4,262 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 190,951 | 131,745 | 2,785,512 | 3,323,619 | 116,222 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (21,039 | ) | (16,428 | ) | — | — | (20,946 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 169,912 | 115,317 | 2,785,512 | 3,323,619 | 95,276 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 132,769 | 85,186 | 9,777,054 | 4,194,011 | 63,561 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Futures, Swaps and Foreign Currencies: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investment and Foreign Currency Transactions | 37,728 | (32,852 | ) | 1,266,334 | 936,531 | 156,082 | ||||||||||||||
Futures contracts | — | — | — | (1,014,185 | ) | — | ||||||||||||||
Swap Contracts | — | — | (75,731 | ) | — | — | ||||||||||||||
Forward Foreign Currency Contracts | — | — | 2,415,480 | — | — | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments and Foreign Currencies | (60,774 | ) | 5,590 | (20,315,443 | ) | (3,369,684 | ) | (84,384 | ) | |||||||||||
Futures Contracts | — | — | — | 194,857 | — | |||||||||||||||
Swap Contracts | — | — | 50,260 | — | — | |||||||||||||||
Forward Foreign Currency Contracts | — | — | (1,436,576 | ) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Futures, Swaps and Foreign Currencies | (23,046 | ) | (27,262 | ) | (18,095,676 | ) | (3,252,481 | ) | 71,698 | |||||||||||
|
| �� |
|
|
|
|
|
|
|
| ||||||||||
Change in Net Assets from Operations | $109,723 | $57,924 | $(8,318,622 | ) | $941,530 | $135,259 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
†† | Formerly Limited-Term Federal Mortgage Securities Fund. |
See Notes to Financial Statements.
92
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2015
(Unaudited)
Seix Ultra-Short Bond Fund† | Seix Virginia Intermediate Municipal Bond Fund† | |||||||
Investment Income: | ||||||||
Interest Income | $675,651 | $1,793,826 | ||||||
|
|
|
| |||||
Total Investment Income | 675,651 | 1,793,826 | ||||||
|
|
|
| |||||
Expenses: | ||||||||
Investment Advisory Fees | 133,983 | 301,502 | ||||||
Administration Fees | 6,179 | 6,116 | ||||||
Fund Accounting Fees | 7,160 | 5,827 | ||||||
Transfer Agency Fees | 23,648 | 8,624 | ||||||
Compliance & Fund Services Fees | 5,697 | 4,765 | ||||||
Distribution and Service Fees — A Shares | — | 3,715 | ||||||
Shareholder Servicing Fees — I Shares | 29,535 | 50,769 | ||||||
Shareholder Servicing Fees — A Shares | — | 240 | ||||||
Custodian Fees | 5,413 | 4,345 | ||||||
Printing Fees | 3,186 | 2,699 | ||||||
Registration Fees | 10,363 | 9,074 | ||||||
Trustee Fees | 2,737 | 2,472 | ||||||
Other Fees | 10,978 | 10,293 | ||||||
|
|
|
| |||||
Total Expenses | 238,879 | 410,441 | ||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | (15,246 | ) | |||||
|
|
|
| |||||
Net Expenses | 238,879 | 395,195 | ||||||
|
|
|
| |||||
Net Investment Income | 436,772 | 1,398,631 | ||||||
|
|
|
| |||||
Net Realized and Unrealized Gain (Loss) on Investments and Futures: | ||||||||
Net Realized Gain (Loss) from: | ||||||||
Investment Transactions | 14,638 | 271,895 | ||||||
Futures contracts | (131,938 | ) | — | |||||
Net Change in Unrealized Depreciation on: | ||||||||
Investments | (358,215 | ) | (1,065,173 | ) | ||||
Futures Contracts | (1,870 | ) | — | |||||
|
|
|
| |||||
Net Realized and Unrealized Loss on Investments and Futures | (477,385 | ) | (793,278 | ) | ||||
|
|
|
| |||||
Change in Net Assets from Operations | $(40,613 | ) | $605,353 | |||||
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
93
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Seix Core Bond Fund† | Seix Corporate Bond Fund† | Seix Floating Rate High Income Fund | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 2,122,518 | $ | 3,940,354 | $ | 324,276 | $ | 963,462 | $ | 148,394,004 | $ | 328,336,131 | ||||||||||||
Net Realized Gain (Loss) | 775,561 | 5,407,610 | (102,033 | ) | 1,209,494 | (44,043,066 | ) | (10,116,412 | ) | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (4,324,032 | ) | 2,544,019 | (1,124,194 | ) | 21,209 | (168,288,029 | ) | (173,529,364 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | (1,425,953 | ) | 11,891,983 | (901,951 | ) | 2,194,165 | (63,937,091 | ) | 144,690,355 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (2,257,148 | ) | (4,024,505 | ) | (231,676 | ) | (745,708 | ) | (120,434,708 | ) | (319,113,755 | ) | ||||||||||||
A Shares | (73,064 | ) | (153,575 | ) | (8,683 | ) | (22,880 | ) | (3,470,280 | ) | (7,712,075 | ) | ||||||||||||
C Shares | — | — | (81,277 | ) | (194,180 | ) | (1,189,074 | ) | (2,637,461 | ) | ||||||||||||||
R Shares | (26,894 | ) | (63,070 | ) | — | — | — | — | ||||||||||||||||
IS Shares | (38 | ) | — | — | — | (23,199,688 | ) | (58,635 | ) | |||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | (1,042,582 | ) | — | — | (450,254 | ) | — | — | ||||||||||||||||
A Shares | (39,739 | ) | — | — | (15,424 | ) | — | — | ||||||||||||||||
C Shares | — | — | — | (179,318 | ) | — | — | |||||||||||||||||
R Shares | (19,308 | ) | — | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (3,458,773 | ) | (4,241,150 | ) | (321,636 | ) | (1,607,764 | ) | (148,293,750 | ) | (329,521,926 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 100,416,860 | (19,178,943 | ) | (13,979,922 | ) | (5,503,208 | ) | (65,509,916 | ) | (2,802,560,007 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | 95,532,134 | (11,528,110 | ) | (15,203,509 | ) | (4,916,807 | ) | (277,740,757 | ) | (2,987,391,578 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 202,806,019 | 214,334,129 | 34,268,968 | 39,185,775 | 6,273,405,793 | 9,260,797,371 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 298,338,153 | $ | 202,806,019 | $ | 19,065,459 | $ | 34,268,968 | $ | 5,995,665,036 | $ | 6,273,405,793 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (575,087 | ) | $ | (340,461 | ) | $ | (62,195 | ) | $ | (64,835 | ) | $ | 611,331 | $ | 511,077 | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
94
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Seix Georgia Tax-Exempt Bond Fund† | Seix High Grade Municipal Bond Fund† | Seix High Income Fund† | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 1,669,581 | $ | 3,369,667 | $ | 1,298,631 | $ | 2,142,287 | $ | 24,303,655 | $ | 51,106,250 | ||||||||||||
Net Realized Gain (Loss) | 146,411 | 2,134,836 | (232,196 | ) | 2,385,295 | (15,692,979 | ) | (9,175,361 | ) | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (1,101,273 | ) | 3,204,295 | (524,665 | ) | 1,292,519 | (54,554,881 | ) | (40,095,151 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 714,719 | 8,708,798 | 541,770 | 5,820,101 | (45,944,205 | ) | 1,835,738 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (1,627,580 | ) | (3,271,526 | ) | (1,137,851 | ) | (1,802,016 | ) | (21,995,406 | ) | (44,865,842 | ) | ||||||||||||
A Shares | (42,001 | ) | (98,214 | ) | (160,780 | ) | (340,203 | ) | (1,760,343 | ) | (5,308,612 | ) | ||||||||||||
R Shares | — | — | — | — | (533,922 | ) | (1,140,516 | ) | ||||||||||||||||
IS Shares* | — | — | — | — | (209,736 | ) | (203,040 | ) | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | — | — | (1,021,985 | ) | — | (22,443,420 | ) | ||||||||||||||||
A Shares | — | — | — | (188,454 | ) | — | (2,009,392 | ) | ||||||||||||||||
R Shares | — | — | — | — | — | (657,683 | ) | |||||||||||||||||
IS Shares* | — | — | — | — | — | (166,118 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (1,669,581 | ) | (3,369,740 | ) | (1,298,631 | ) | (3,352,658 | ) | (24,499,407 | ) | (76,794,623 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 6,230,830 | 5,205,351 | 4,153,815 | 53,088,287 | (39,027,316 | ) | (44,475,816 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | 5,275,968 | 10,544,409 | 3,396,954 | 55,555,730 | (109,470,928 | ) | (119,434,701 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 135,518,366 | 124,973,957 | 112,259,504 | 56,703,774 | 843,314,691 | 962,749,392 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 140,794,334 | $ | 135,518,366 | $ | 115,656,458 | $ | 112,259,504 | $ | 733,843,763 | $ | 843,314,691 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 190,524 | $ | 190,524 | $ | (7,071 | ) | $ | (7,071 | ) | $ | (563,093 | ) | $ | (367,341 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
95
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Seix High Yield Fund | Seix Investment Grade Tax- Exempt Bond Fund† | Seix Limited Duration Fund† | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 18,578,420 | $ | 50,221,962 | $ | 7,938,055 | $ | 16,915,643 | $ | 6,902 | $ | 13,703 | ||||||||||||
Net Realized Gain (Loss) | (8,005,103 | ) | 8,735,325 | (2,248,662 | ) | 15,090,036 | — | (350 | ) | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (41,848,833 | ) | (49,591,809 | ) | (4,601,338 | ) | 2,178,271 | (3,516 | ) | (1,950 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | (31,275,516 | ) | 9,365,478 | 1,088,055 | 34,183,950 | 3,386 | 11,403 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (18,917,402 | ) | (49,018,736 | ) | (7,609,971 | ) | (16,227,546 | ) | (6,217 | ) | (11,822 | ) | ||||||||||||
A Shares | (203,659 | ) | (1,686,559 | ) | (328,088 | ) | (688,148 | ) | — | — | ||||||||||||||
R Shares | (17,641 | ) | (55,575 | ) | — | — | — | — | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (63,887,145 | ) | — | (8,172,201 | ) | — | — | ||||||||||||||||
A Shares | — | (626,273 | ) | — | (354,453 | ) | — | — | ||||||||||||||||
R Shares | — | (79,485 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (19,138,702 | ) | (115,353,773 | ) | (7,938,059 | ) | (25,442,348 | ) | (6,217 | ) | (11,822 | ) | ||||||||||||
|
|
|
|
|
| �� |
|
|
|
|
|
| ||||||||||||
Change in Net Assets from Capital Transactions | (1,799,290 | ) | (472,362,184 | ) | (30,762,988 | ) | 4,621,212 | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (52,213,508 | ) | (578,350,479 | ) | (37,612,992 | ) | 13,362,814 | (2,831 | ) | (419 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 703,952,797 | 1,282,303,276 | 687,290,760 | 673,927,946 | 6,649,668 | 6,650,087 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 651,739,289 | $ | 703,952,797 | $ | 649,677,768 | $ | 687,290,760 | $ | 6,646,837 | $ | 6,649,668 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Loss, End of Period | $ | (1,818,817 | ) | $ | (1,258,535 | ) | $ | (228,442 | ) | $ | (228,438 | ) | $ | (30 | ) | $ | (715 | ) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
96
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Seix North Carolina Tax- Exempt Bond Fund† | Seix Short-Term Bond Fund† | Seix Short-Term Municipal Bond Fund† | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 424,837 | $ | 881,151 | $ | 132,769 | $ | 238,274 | $ | 85,186 | $ | 162,464 | ||||||||||||
Net Realized Gain (Loss) | 151,596 | 736,445 | 37,728 | 240,074 | (32,852 | ) | 210,677 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (393,743 | ) | 831,457 | (60,774 | ) | (101,238 | ) | 5,590 | 93,039 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 182,690 | 2,449,053 | 109,723 | 377,110 | 57,924 | 466,180 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (417,126 | ) | (863,258 | ) | (160,205 | ) | (259,957 | ) | (80,160 | ) | (149,835 | ) | ||||||||||||
A Shares | (7,712 | ) | (17,921 | ) | (4,834 | ) | (10,802 | ) | (5,026 | ) | (12,625 | ) | ||||||||||||
C Shares | — | — | — | (76 | ) | — | — | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | — | — | — | — | (260,009 | ) | |||||||||||||||||
A Shares | — | — | — | — | — | (31,379 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (424,838 | ) | (881,179 | ) | (165,039 | ) | (270,835 | ) | (85,186 | ) | (453,848 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 93,171 | (1,754,966 | ) | 692,612 | 11,582,335 | 1,341,841 | 5,768,419 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (148,977 | ) | (187,092 | ) | 637,296 | 11,688,610 | 1,314,579 | 5,780,751 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 37,984,952 | 38,172,044 | 54,735,428 | 43,046,818 | 42,532,958 | 36,752,207 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 37,835,975 | $ | 37,984,952 | $ | 55,372,724 | $ | 54,735,428 | $ | 43,847,537 | $ | 42,532,958 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Loss, End of Period | $ | (63,144 | ) | $ | (63,143 | ) | $ | (33,839 | ) | $ | (1,569 | ) | $ | (1,445 | ) | $ | (1,445 | ) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
97
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Seix Total Return Bond Fund† | Seix U.S. Government Securities Ultra-Short Bond Fund† | Seix U.S. Mortgage Fund†† | ||||||||||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 9,777,054 | $ | 22,666,079 | $ | 4,194,011 | $ | 9,706,534 | $ | 63,561 | $ | 140,771 | ||||||||||||
Net Realized Gain (Loss) | 3,606,083 | 21,763,347 | (77,654 | ) | 7,988,412 | 156,082 | 217,709 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (21,701,759 | ) | 12,963,935 | (3,174,827 | ) | (3,881,129 | ) | (84,384 | ) | 244,661 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | (8,318,622 | ) | 57,393,361 | 941,530 | 13,813,817 | 135,259 | 603,141 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (9,450,483 | ) | (21,115,553 | ) | (5,933,012 | ) | (13,488,002 | ) | (78,675 | ) | (77,129 | ) | ||||||||||||
A Shares | (336,659 | ) | (830,587 | ) | — | — | (41,813 | ) | (59,757 | ) | ||||||||||||||
C Shares | — | — | — | — | (17,731 | ) | (54,737 | ) | ||||||||||||||||
R Shares | (395,847 | ) | (1,171,743 | ) | — | — | — | — | ||||||||||||||||
IS Shares* | (742,178 | ) | (1,094,613 | ) | — | — | — | — | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (10,925,167 | ) | (24,212,496 | ) | (5,933,012 | ) | (13,488,002 | ) | (138,219 | ) | (191,623 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 14,641,843 | (17,395,124 | ) | (5,491,388 | ) | (327,653,113 | ) | 19,261,161 | 2,236,092 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (4,601,946 | ) | 15,785,741 | (10,482,870 | ) | (327,327,298 | ) | 19,258,201 | 2,647,610 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 1,151,576,442 | 1,135,790,701 | 1,665,887,657 | 1,993,214,955 | 12,841,043 | 10,193,433 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 1,146,974,496 | $ | 1,151,576,442 | $ | 1,655,404,787 | $ | 1,665,887,657 | $ | 32,099,244 | $ | 12,841,043 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Loss, End of Period | $ | (4,186,075 | ) | $ | (3,037,962 | ) | $ | (1,739,518 | ) | $ | (517 | ) | $ | (90,349 | ) | $ | (15,691 | ) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
†† | Formerly Limited-Term Federal Mortgage Securities Fund. |
* | IS Shares commenced operations on August 1, 2014. |
See Notes to Financial Statements.
98
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (concluded)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Seix Ultra-Short Bond Fund† | Seix Virginia Intermediate Municipal Bond Fund† | |||||||||||||||
04/01/15- 09/30/15 | 04/01/14- 03/31/15 | 04/01/15- 09/30/15 | 04/01/14- 03/31/15 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 436,772 | $ | 819,017 | $ | 1,398,631 | $ | 3,007,076 | ||||||||
Net Realized Gain (Loss) | (117,300 | ) | (29,150 | ) | 271,895 | 2,395,690 | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (360,085 | ) | (2,958 | ) | (1,065,173 | ) | 198,008 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | (40,613 | ) | 786,909 | 605,353 | 5,600,774 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||
Net Investment Income: | ||||||||||||||||
I Shares | (470,109 | ) | (932,817 | ) | (1,343,504 | ) | (2,866,071 | ) | ||||||||
A Shares | — | — | (55,127 | ) | (141,063 | ) | ||||||||||
Net Realized Gains: | ||||||||||||||||
I Shares | — | — | — | (973,740 | ) | |||||||||||
A Shares | — | — | — | (44,134 | ) | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Dividends and Distributions | (470,109 | ) | (932,817 | ) | (1,398,631 | ) | (4,025,008 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Capital Transactions | (47,850,882 | ) | 20,772,412 | (4,647,568 | ) | (5,588,926 | ) | |||||||||
|
|
|
|
|
|
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| |||||||||
Change in Net Assets | (48,361,604 | ) | 20,626,504 | (5,440,846 | ) | (4,013,160 | ) | |||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
Beginning of Period | 142,679,606 | 122,053,102 | 124,254,980 | 128,268,140 | ||||||||||||
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| |||||||||
End of Period | $ | 94,318,002 | $ | 142,679,606 | $ | 118,814,134 | $ | 124,254,980 | ||||||||
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|
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|
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|
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| |||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (35,728 | ) | $ | (2,391 | ) | $ | 19,175 | $ | 19,175 | ||||||
|
|
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|
|
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
See Notes to Financial Statements.
99
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
Seix Core Bond Fund† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 11.04 | $ | 0.10 | $ | (0.20 | ) | $ | (0.10 | ) | $ | (0.11 | ) | $ | — | $ | (0.06 | ) | $ | (0.17 | ) | $ | 10.77 | $ | 284,921 | (0.89 | )% | 0.46 | % | 0.46 | % | 1.82 | % | 132 | % | |||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.65 | 0.21 | 0.40 | 0.61 | (0.22 | ) | — | — | (0.22 | ) | 11.04 | 191,905 | 5.80 | 0.45 | 0.45 | 1.90 | 168 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.18 | (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 | 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 | 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 | 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) | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.04 | 0.09 | (0.20 | ) | (0.11 | ) | (0.10 | ) | — | (0.06 | ) | (0.16 | ) | 10.77 | 10,131 | (0.99 | ) | 0.66 | 0.66 | 1.62 | 132 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.65 | 0.18 | 0.41 | 0.59 | (0.20 | ) | — | — | (0.20 | ) | 11.04 | 7,411 | 5.58 | 0.67 | 0.67 | 1.70 | 168 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.15 | (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 | 0.24 | 0.35 | (0.16 | ) | — | (0.13 | ) | (0.29 | ) | 11.16 | 20,687 | 3.20 | 0.70 | 0.69 | 1.02 | 151 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.00 | 0.21 | 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 | 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) | ||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.05 | 0.08 | (0.20 | ) | (0.12 | ) | (0.09 | ) | — | (0.06 | ) | (0.15 | ) | 10.78 | 3,262 | (1.09 | ) | 0.86 | 0.86 | 1.39 | 132 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.66 | 0.16 | 0.41 | 0.57 | (0.18 | ) | — | — | (0.18 | ) | 11.05 | 3,490 | 5.37 | 0.85 | 0.85 | 1.51 | 168 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.17 | 0.14 | (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 | 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 | 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 | 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) | ||||||||||||||||||||||||||||||||||||||||
IS Shares(f) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.77 | 0.04 | — | 0.04 | (0.04 | ) | — | — | (0.04 | ) | 10.77 | 24 | 0.34 | 0.34 | 0.34 | 2.19 | 132 | |||||||||||||||||||||||||||||||||||||||||||
Seix Corporate Bond Fund† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.95 | 0.12 | (0.38 | ) | (0.26 | ) | (0.12 | ) | — | — | (0.12 | ) | 8.57 | 9,903 | (2.90 | ) | 0.70 | 0.77 | 2.74 | 39 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 8.80 | 0.26 | 0.32 | 0.58 | (0.26 | ) | — | (0.17 | ) | (0.43 | ) | 8.95 | 24,172 | 6.73 | 0.66 | 0.69 | 2.95 | 90 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.30 | 0.28 | (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 | 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 | 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 | 0.20 | 0.65 | (0.45 | ) | — | (0.24 | ) | (0.69 | ) | 9.59 | 63,132 | 6.92 | 0.52 | 0.52 | 4.56 | 45 | (e) | |||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.99 | 0.11 | (0.38 | ) | (0.27 | ) | (0.11 | ) | — | — | (0.11 | ) | 8.61 | 686 | (3.00 | ) | 0.95 | 1.08 | 2.56 | 39 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 8.84 | 0.24 | 0.32 | 0.56 | (0.24 | ) | — | (0.17 | ) | (0.41 | ) | 8.99 | 807 | 6.40 | 0.95 | 0.99 | 2.67 | 90 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.35 | 0.25 | (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 | 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 | 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 | 0.21 | 0.63 | (0.42 | ) | — | (0.24 | ) | (0.66 | ) | 9.64 | 2,198 | 6.67 | 0.83 | 0.83 | 4.25 | 45 | (e) | |||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.95 | 0.08 | (0.38 | ) | (0.30 | ) | (0.08 | ) | — | — | (0.08 | ) | 8.57 | 8,476 | (3.36 | ) | 1.65 | 1.76 | 1.88 | 39 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 8.80 | 0.18 | 0.32 | 0.50 | (0.18 | ) | — | (0.17 | ) | (0.35 | ) | 8.95 | 9,289 | 5.69 | 1.64 | 1.67 | 1.97 | 90 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.30 | 0.19 | (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 | 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 | 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 | 0.20 | 0.56 | (0.36 | ) | — | (0.24 | ) | (0.60 | ) | 9.59 | 16,193 | 5.87 | 1.50 | 1.50 | 3.64 | 45 | (e) |
See Notes to Financial Highlights and Notes to Financial Statements.
100
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
Seix Floating Rate High Income Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ 8.86 | $ | 0.21 | $ | (0.29 | ) | $ | (0.08 | ) | $ | (0.21 | ) | $ | — | $ | — | $ | (0.21 | ) | $ 8.57 | $ | 4,648,862 | (0.99 | ) % | 0.63 | % | 0.63 | % | 4.65 | % | 21 | % | ||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.06 | 0.39 | (0.20 | ) | 0.19 | (0.39 | ) | — | — | (0.39 | ) | 8.86 | 6,048,771 | 2.17 | 0.61 | 0.61 | 4.34 | 29 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.06 | 0.38 | (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 | 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 | (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 | 0.15 | 0.74 | (0.53 | ) | — | — | (0.53 | ) | 9.01 | 3,078,972 | 8.64 | 0.51 | 0.51 | 6.62 | 98 | (e) | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.86 | 0.19 | (0.29 | ) | (0.10 | ) | (0.19 | ) | — | — | (0.19 | ) | 8.57 | 149,012 | (1.14 | ) | 0.91 | 0.91 | 4.37 | 21 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.06 | 0.36 | (0.19 | ) | 0.17 | (0.37 | ) | — | — | (0.37 | ) | 8.86 | 147,560 | 1.88 | 0.91 | 0.91 | 4.06 | 29 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.06 | 0.35 | (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 | 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 | (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 | 0.16 | 0.71 | (0.50 | ) | — | — | (0.50 | ) | 9.01 | 69,159 | 8.29 | 0.84 | 0.84 | 6.22 | 98 | (e) | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.86 | 0.17 | (0.29 | ) | (0.12 | ) | (0.17 | ) | — | — | (0.17 | ) | 8.57 | 61,024 | (1.43 | ) | 1.51 | 1.51 | 3.77 | 21 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.07 | 0.31 | (0.21 | ) | 0.10 | (0.31 | ) | — | — | (0.31 | ) | 8.86 | 64,445 | 1.16 | 1.50 | 1.50 | 3.46 | 29 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.06 | 0.29 | 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 | 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 | (0.23 | ) | 0.19 | (0.38 | ) | — | — | (0.38 | ) | 8.83 | 30,132 | 2.26 | 1.52 | 1.52 | 4.77 | 72 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 8.81 | 0.50 | 0.15 | 0.65 | (0.44 | ) | — | — | (0.44 | ) | 9.02 | 22,234 | 7.57 | 1.50 | 1.50 | 5.65 | 98 | (e) | ||||||||||||||||||||||||||||||||||||||||||
IS Shares(g) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.86 | 0.21 | (0.29 | ) | (0.08 | ) | (0.21 | ) | — | — | (0.21 | ) | 8.57 | 1,136,767 | (0.94 | ) | 0.51 | 0.51 | 4.79 | 21 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015 | 8.74 | 0.07 | 0.12 | 0.19 | (0.07 | ) | — | — | (0.07 | ) | 8.86 | 12,629 | 2.15 | 0.47 | 0.47 | 5.08 | 29 | |||||||||||||||||||||||||||||||||||||||||||
Seix Georgia Tax-Exempt Bond Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.86 | 0.13 | (0.08 | ) | 0.05 | (0.13 | ) | — | — | (0.13 | ) | 10.78 | 137,374 | 0.48 | 0.65 | 0.67 | 2.44 | 14 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.42 | 0.28 | 0.44 | 0.72 | (0.28 | ) | — | — | (0.28 | ) | 10.86 | 131,881 | 7.00 | 0.64 | 0.64 | 2.63 | 55 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.78 | 0.31 | (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 | 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 | 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 | (0.50 | ) | (0.11 | ) | (0.39 | ) | — | — | (0.39 | ) | 9.73 | 159,996 | (1.19 | ) | 0.61 | 0.61 | 3.81 | 44 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.88 | 0.13 | (0.08 | ) | 0.05 | (0.13 | ) | — | — | (0.13 | ) | 10.80 | 3,421 | 0.44 | 0.74 | 0.74 | 2.36 | 14 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.44 | 0.27 | 0.44 | 0.71 | (0.27 | ) | — | — | (0.27 | ) | 10.88 | 3,637 | 6.89 | 0.73 | 0.73 | 2.55 | 55 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.80 | 0.30 | (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 | 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 | 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 | (0.49 | ) | (0.12 | ) | (0.37 | ) | — | — | (0.37 | ) | 9.75 | 5,557 | (1.24 | ) | 0.76 | 0.76 | 3.64 | 44 |
See Notes to Financial Highlights and Notes to Financial Statements.
101
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
Seix High Grade Municipal Bond Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 12.29 | $ | 0.14 | $ | (0.09 | ) | $ 0.05 | $ | (0.14 | ) | $ | — | $ — | $ | (0.14 | ) | $ | 12.20 | $ 101,055 | 0.40 | % | 0.65 | % | 0.68 | % | 2.28 | % | 64 | % | ||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.86 | 0.31 | 0.59 | 0.90 | (0.31 | ) | — | (0.16 | ) | (0.47 | ) | 12.29 | 95,761 | 7.64 | 0.65 | 0.69 | 2.53 | 228 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.10 | 0.34 | (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 | 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 | 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 | (0.23 | ) | 0.21 | (0.44 | ) | — | — | (0.44 | ) | 10.92 | 47,695 | 1.82 | 0.65 | 0.71 | 3.90 | 122 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 12.29 | 0.13 | (0.08 | ) | 0.05 | �� | (0.13 | ) | — | — | (0.13 | ) | 12.21 | 14,602 | 0.42 | 0.79 | 0.79 | 2.14 | 64 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 11.86 | 0.29 | 0.59 | 0.88 | (0.29 | ) | — | (0.16 | ) | (0.45 | ) | 12.29 | 16,499 | 7.48 | 0.80 | 0.80 | 2.38 | 228 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.11 | 0.32 | (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 | 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 | 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 | (0.23 | ) | 0.19 | (0.42 | ) | — | — | (0.42 | ) | 10.92 | 7,914 | 1.66 | 0.80 | 0.87 | 3.72 | 122 | ||||||||||||||||||||||||||||||||||||||||||
Seix High Income Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 6.67 | 0.19 | (0.56 | ) | (0.37 | ) | (0.20 | ) | — | — | (0.20 | ) | 6.10 | 660,742 | (5.74 | ) | 0.78 | 0.78 | 5.95 | 31 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 7.26 | 0.40 | (0.38 | ) | 0.02 | (0.40 | ) | — | (0.21 | ) | (0.61 | ) | 6.67 | 753,851 | 0.47 | 0.77 | 0.77 | 5.63 | 86 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.32 | 0.43 | 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 | 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 | (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 | 0.54 | 1.04 | (0.50 | ) | — | (0.02 | ) | (0.52 | ) | 7.29 | 394,690 | 15.83 | 0.70 | 0.70 | 7.10 | 259 | (e) | |||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 6.68 | 0.19 | (0.57 | ) | (0.38 | ) | (0.19 | ) | — | — | (0.19 | ) | 6.11 | 52,896 | (5.84 | ) | 1.02 | 1.02 | 5.68 | 31 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 7.27 | 0.38 | (0.38 | ) | — | (0.38 | ) | — | (0.21 | ) | (0.59 | ) | 6.68 | 65,121 | 0.26 | 0.99 | 0.99 | 5.34 | 86 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.32 | 0.42 | 0.11 | 0.53 | (0.42 | ) | — | (0.16 | ) | (0.58 | ) | 7.27 | 157,360 | 7.60 | (h) | 0.97 | 0.97 | 5.82 | 110 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 6.90 | 0.43 | 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 | (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 | 0.54 | 1.01 | (0.48 | ) | — | (0.02 | ) | (0.50 | ) | 7.29 | 70,552 | 15.47 | 1.00 | 1.00 | 6.62 | 259 | (e) | |||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 6.68 | 0.18 | (0.57 | ) | (0.39 | ) | (0.18 | ) | — | — | (0.18 | ) | 6.11 | 17,001 | (5.94 | ) | 1.22 | 1.22 | 5.49 | 31 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 7.27 | 0.37 | (0.38 | ) | (0.01 | ) | (0.37 | ) | — | (0.21 | ) | (0.58 | ) | 6.68 | 20,887 | 0.05 | 1.21 | 1.21 | 5.20 | 86 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.32 | 0.40 | 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 | 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 | (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 | 0.53 | 0.98 | (0.45 | ) | — | (0.02 | ) | (0.47 | ) | 7.29 | 15,671 | 15.07 | 1.40 | 1.40 | 6.54 | 259 | (e) | |||||||||||||||||||||||||||||||||||||||||
IS Shares(g) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 6.68 | 0.20 | (0.58 | ) | (0.38 | ) | (0.20 | ) | — | — | (0.20 | ) | 6.10 | 3,206 | (5.81 | ) | 0.63 | 0.63 | 6.11 | 31 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015 | 7.22 | 0.28 | (0.33 | ) | (0.05 | ) | (0.28 | ) | — | (0.21 | ) | (0.49 | ) | 6.68 | 3,455 | (0.51 | ) | 0.63 | 0.63 | 5.99 | 86 | |||||||||||||||||||||||||||||||||||||||
Seix High Yield Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.73 | 0.23 | (0.62 | ) | (0.39 | ) | (0.23 | ) | — | — | (0.23 | ) | 8.11 | 645,103 | (4.52 | ) | 0.61 | 0.61 | 5.29 | 27 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.95 | 0.54 | (0.43 | ) | 0.11 | (0.54 | ) | — | (0.79 | ) | (1.33 | ) | 8.73 | 695,060 | 1.53 | 0.58 | 0.58 | 5.63 | 72 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.26 | 0.58 | 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 | 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 | (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 | 0.61 | 1.38 | (0.77 | ) | — | — | (0.77 | ) | 10.07 | 1,724,652 | 15.24 | 0.51 | 0.51 | 7.96 | 108 | (e) |
See Notes to Financial Highlights and Notes to Financial Statements.
102
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ 8.51 | $ | 0.21 | $ | (0.59 | ) | $ | (0.38 | ) | $ | (0.22 | ) | $ | — | $ — | $ | (0.22 | ) | $ 7.91 | $ 6,051 | (4.57 | ) % | 0.84 | % | 0.84 | % | 5.04 | % | 27 | % | ||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.72 | 0.51 | (0.43 | ) | 0.08 | (0.50 | ) | — | (0.79 | ) | (1.29 | ) | 8.51 | 8,110 | 1.24 | 0.87 | 0.87 | 5.31 | 72 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.03 | 0.55 | 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 | 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 | (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 | 0.60 | 1.33 | (0.74 | ) | — | — | (0.74 | ) | 9.84 | 35,238 | 14.99 | 0.77 | 0.77 | 7.74 | 108 | (e) | ||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 8.72 | 0.21 | (0.60 | ) | (0.39 | ) | (0.22 | ) | — | — | (0.22 | ) | 8.11 | 585 | (4.62 | ) | 1.05 | 1.05 | 4.82 | 27 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.94 | 0.49 | (0.42 | ) | 0.07 | (0.50 | ) | — | (0.79 | ) | (1.29 | ) | 8.72 | 782 | 1.05 | 1.04 | 1.04 | 5.18 | 72 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.26 | 0.53 | 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 | 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 | (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 | 0.62 | 1.33 | (0.71 | ) | — | — | (0.71 | ) | 10.07 | 3,341 | 14.61 | 1.20 | 1.20 | 7.43 | 108 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 12.29 | 0.14 | (0.12 | ) | 0.02 | (0.14 | ) | — | — | (0.14 | ) | 12.17 | 624,447 | 0.21 | 0.65 | 0.68 | 2.38 | 57 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 12.13 | 0.31 | 0.32 | 0.63 | (0.31 | ) | — | (0.16 | ) | (0.47 | ) | 12.29 | 657,851 | 5.25 | 0.65 | 0.68 | 2.53 | 144 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.45 | 0.28 | (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 | 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 | 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 | (0.06 | ) | 0.27 | (0.33 | ) | — | (0.28 | ) | (0.61 | ) | 11.65 | 1,067,672 | 2.22 | 0.57 | 0.57 | 2.71 | 159 | |||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 12.30 | 0.14 | (0.12 | ) | 0.02 | (0.14 | ) | — | — | (0.14 | ) | 12.18 | 25,231 | 0.14 | 0.80 | 0.92 | 2.24 | 57 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 12.14 | 0.29 | 0.32 | 0.61 | (0.29 | ) | — | (0.16 | ) | (0.45 | ) | 12.30 | 29,439 | 5.09 | 0.80 | 0.91 | 2.37 | 144 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.47 | 0.26 | (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 | 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 | 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 | (0.06 | ) | 0.23 | (0.29 | ) | — | (0.28 | ) | (0.57 | ) | 11.66 | 31,189 | 1.93 | 0.85 | 0.85 | 2.42 | 159 | |||||||||||||||||||||||||||||||||||||||||
Seix Limited Duration Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 9.83 | 0.01 | — | (i) | 0.01 | (0.01 | ) | — | — | (0.01 | ) | 9.83 | 6,647 | 0.09 | 0.35 | 0.43 | 0.21 | 14 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.83 | 0.02 | — | (i) | 0.02 | (0.02 | ) | — | — | (0.02 | ) | 9.83 | 6,650 | 0.18 | 0.34 | 0.46 | 0.21 | 45 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.83 | 0.03 | (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 | 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 | (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 | 0.03 | 0.13 | (0.08 | ) | — | — | (0.08 | ) | 9.76 | 21,883 | 1.37 | 0.22 | 0.22 | 1.11 | 74 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.49 | 0.12 | (0.07 | ) | 0.05 | (0.12 | ) | — | — | (0.12 | ) | 10.42 | 37,379 | 0.45 | 0.65 | 0.71 | 2.25 | 14 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.06 | 0.25 | 0.43 | 0.68 | (0.25 | ) | — | — | (0.25 | ) | 10.49 | 37,190 | 6.80 | 0.65 | 0.69 | 2.40 | 51 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.68 | 0.26 | (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 | 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 | 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 | (0.37 | ) | (0.01 | ) | (0.36 | ) | — | — | (0.36 | ) | 9.70 | 51,372 | (0.14 | ) | 0.64 | 0.64 | 3.61 | 49 |
See Notes to Financial Highlights and Notes to Financial Statements.
103
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 10.46 | $ 0.11 | $ | (0.06 | ) | $ 0.05 | $ | (0.11 | ) | $ | — | $ — | $ | (0.11 | ) | $ | 10.40 | $ 457 | 0.48 | % | 0.79 | % | 0.79 | % | 2.10 | % | 14 | % | |||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.04 | 0.23 | 0.42 | 0.65 | (0.23 | ) | — | — | (0.23 | ) | 10.46 | 795 | 6.56 | 0.79 | 0.79 | 2.27 | 51 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.65 | 0.25 | (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 | 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 | 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 | (0.37 | ) | (0.02 | ) | (0.35 | ) | — | — | (0.35 | ) | 9.67 | 693 | (0.30 | ) | 0.79 | 0.79 | 3.47 | 49 | ||||||||||||||||||||||||||||||||||||||||
Seix Short-Term Bond Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 9.98 | 0.03 | (0.01 | ) | 0.02 | (0.03 | ) | — | — | (0.03 | ) | 9.97 | 51,706 | 0.22 | 0.60 | 0.67 | 1.52 | 40 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.95 | 0.05 | 0.04 | 0.09 | (0.06 | ) | — | — | (0.06 | ) | 9.98 | 50,689 | 0.93 | 0.60 | 0.67 | 0.52 | 199 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.00 | 0.12 | (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 | 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 | 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 | 0.02 | 0.23 | (0.22 | ) | — | — | (0.22 | ) | 9.95 | 350,162 | 2.28 | 0.48 | 0.48 | 2.12 | 150 | (e) | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.00 | 0.02 | (0.01 | ) | 0.01 | (0.02 | ) | — | — | (0.02 | ) | 9.99 | 2,151 | 0.12 | 0.80 | 0.80 | 0.32 | 40 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.98 | 0.04 | 0.02 | 0.06 | (0.04 | ) | — | — | (0.04 | ) | 10.00 | 2,316 | 0.63 | 0.80 | 0.81 | 0.37 | 199 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.03 | 0.10 | (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 | 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 | 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 | 0.03 | 0.22 | (0.20 | ) | — | — | (0.20 | ) | 9.98 | 2,642 | 2.18 | 0.67 | 0.67 | 1.94 | 150 | (e) | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.00 | (0.01 | ) | — | (i) | (0.01 | ) | — | — | — | — | 9.99 | 1,516 | (0.10 | ) | 1.24 | 1.57 | (0.13 | ) | 40 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.97 | (0.01 | ) | 0.04 | 0.03 | — | (i) | — | — | — | (i) | 10.00 | 1,730 | 0.31 | 1.22 | 1.58 | (0.06 | ) | 199 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.02 | 0.02 | (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 | 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 | 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 | 0.03 | 0.14 | (0.12 | ) | — | — | (0.12 | ) | 9.98 | 2,685 | 1.36 | 1.47 | 1.47 | 1.12 | 150 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Seix Short-Term Municipal Bond Fund† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.00 | 0.02 | (0.01 | ) | 0.01 | (0.02 | ) | — | — | (0.02 | ) | 9.99 | 38,361 | 0.11 | 0.53 | 0.61 | 0.42 | 69 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.99 | 0.04 | 0.08 | 0.12 | (0.04 | ) | — | (0.07 | ) | (0.11 | ) | 10.00 | 38,669 | 1.21 | 0.55 | 0.62 | 0.42 | 148 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.01 | 0.02 | 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 | 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 | 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 | (0.29 | ) | 0.06 | (0.35 | ) | — | (0.03 | ) | (0.38 | ) | 10.16 | 21,302 | 0.53 | 0.68 | 0.68 | 3.32 | 33 | |||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.00 | 0.01 | (0.01 | ) | — | (0.01 | ) | — | — | (0.01 | ) | 9.99 | 5,486 | 0.03 | 0.69 | 0.72 | 0.24 | 69 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.99 | 0.03 | 0.08 | 0.11 | (0.03 | ) | — | (0.07 | ) | (0.10 | ) | 10.00 | 3,863 | 1.06 | 0.70 | 0.75 | 0.26 | 148 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.01 | 0.01 | 0.01 | 0.02 | (0.01 | ) | — | (0.03 | ) | (0.04 | ) | 9.99 | 5,900 | 0.25 | 0.65 | 0.82 | 0.10 | 260 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.73 | 0.04 | 0.26 | 0.30 | (0.04 | ) | — | (0.98 | ) | (1.02 | ) | 10.01 | 3,694 | 2.86 | 0.73 | 1.04 | 0.39 | 199 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.16 | 0.29 | 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 | (0.29 | ) | 0.04 | (0.33 | ) | — | (0.03 | ) | (0.36 | ) | 10.16 | 4,081 | 0.38 | 0.83 | 0.83 | 3.18 | 33 |
See Notes to Financial Highlights and Notes to Financial Statements.
104
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
Seix Total Return Bond Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 10.75 | $ | 0.09 | $ | (0.17 | ) | $ | (0.08 | ) | $ | (0.10 | ) | $ — | $ — | $ | (0.10 | ) | $ | 10.57 | $ 983,881 | (0.72 | ) % | 0.45 | % | 0.45 | % | 1.73 | % | 90 | % | |||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.43 | 0.23 | 0.34 | 0.57 | (0.25 | ) | — | — | (0.25 | ) | 10.75 | 972,117 | 5.47 | 0.44 | 0.44 | 2.17 | 173 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.79 | 0.22 | (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 | 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 | 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 | 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) | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.11 | 0.08 | (0.18 | ) | (0.10 | ) | (0.09 | ) | — | — | (0.09 | ) | 10.92 | 35,244 | (0.88 | ) | 0.70 | 0.70 | 1.47 | 90 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.77 | 0.21 | 0.35 | 0.56 | (0.22 | ) | — | — | (0.22 | ) | 11.11 | 43,401 | 5.28 | 0.71 | 0.71 | 1.90 | 173 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.15 | 0.20 | (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 | 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 | 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 | 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) | ||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.75 | 0.06 | (0.16 | ) | (0.10 | ) | (0.07 | ) | — | — | (0.07 | ) | 10.58 | 53,792 | (1.02 | ) | 1.06 | 1.06 | 1.11 | 90 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.43 | 0.17 | 0.33 | 0.50 | (0.18 | ) | — | — | (0.18 | ) | 10.75 | 64,539 | 4.83 | 1.05 | 1.06 | 1.56 | 173 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.80 | 0.16 | (0.27 | ) | (0.11 | ) | (0.16 | ) | — | (0.10 | ) | (0.26 | ) | 10.43 | 72,556 | (1.02 | ) | 1.03 | 1.07 | 1.52 | 217 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.78 | 0.12 | 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 | 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 | 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) | ||||||||||||||||||||||||||||||||||||||||
IS Shares(g) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.75 | 0.10 | (0.16 | ) | (0.06 | ) | (0.11 | ) | — | — | (0.11 | ) | 10.58 | 74,058 | (0.56 | ) | 0.31 | 0.31 | 1.87 | 90 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015 | 10.56 | 0.16 | 0.20 | 0.36 | (0.17 | ) | — | — | (0.17 | ) | 10.75 | 71,520 | 3.39 | 0.31 | 0.31 | 2.20 | 173 | |||||||||||||||||||||||||||||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.12 | 0.03 | (0.02 | ) | 0.01 | (0.04 | ) | — | — | (0.04 | ) | 10.09 | 1,655,405 | 0.07 | 0.41 | 0.41 | 0.51 | 28 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.12 | 0.06 | 0.02 | 0.08 | (0.08 | ) | — | — | (0.08 | ) | 10.12 | 1,665,888 | 0.77 | 0.39 | 0.39 | 0.55 | 34 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.17 | 0.03 | (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 | 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 | 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 | 0.09 | 0.16 | (0.16 | ) | — | — | (0.16 | ) | 10.07 | 1,648,792 | 1.61 | 0.33 | 0.33 | 0.73 | 126 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Seix U.S. Mortgage Fund†† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.32 | 0.06 | (0.02 | ) | 0.04 | (0.10 | ) | — | — | (0.10 | ) | 11.26 | 20,771 | 0.32 | 0.70 | 0.88 | 1.01 | 138 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.90 | 0.19 | 0.48 | 0.67 | (0.25 | ) | — | — | (0.25 | ) | 11.32 | 3,650 | 6.16 | 0.69 | 1.26 | 1.75 | 165 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.12 | (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 | 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 | 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 | 0.30 | 0.49 | (0.28 | ) | — | — | (0.28 | ) | 10.59 | 30,522 | 4.73 | 0.65 | 0.80 | 1.77 | 443 | (e) |
See Notes to Financial Highlights and Notes to Financial Statements.
105
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)(a) | 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 | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(b) | Ratio of Net Expenses to Average Net Assets(c) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(c) | Ratio of Net Investment Income to Average Net Assets(c) | Portfolio Turnover Rate(d) | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | $ | 11.29 | $ 0.04 | $ | (0.01 | ) | $ 0.03 | $ | (0.08 | ) | $ | — | $ — | $ | (0.08 | ) | $ | 11.24 | $ 5,766 | 0.30 | % | 0.90 | % | 1.19 | % | 0.68 | % | 138 | % | |||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.88 | 0.16 | 0.47 | 0.63 | (0.22 | ) | — | — | (0.22 | ) | 11.29 | 5,201 | 5.86 | 0.89 | 1.43 | 1.45 | 165 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.14 | 0.11 | (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 | 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 | 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 | 0.30 | 0.47 | (0.26 | ) | — | — | (0.26 | ) | 10.57 | 2,924 | 4.53 | 0.85 | 1.01 | 1.63 | 443 | (e) | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 11.32 | — | (i) | (0.02 | ) | (0.02 | ) | (0.04 | ) | — | — | (0.04 | ) | 11.26 | 5,562 | (0.16 | ) | 1.65 | 1.87 | (0.06 | ) | 138 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.90 | 0.09 | 0.47 | 0.56 | (0.14 | ) | — | — | (0.14 | ) | 11.32 | 3,989 | 5.15 | 1.65 | 2.15 | 0.79 | 165 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.03 | (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 | ) | 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 | 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 | 0.29 | 0.38 | (0.17 | ) | — | — | (0.17 | ) | 10.59 | 7,375 | 3.69 | 1.66 | 1.82 | 0.82 | 443 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Seix Ultra-Short Bond Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 9.97 | 0.04 | (0.04 | ) | — | (0.04 | ) | — | — | (0.04 | ) | 9.93 | 94,318 | (0.01 | ) | 0.39 | 0.39 | 0.72 | 14 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.98 | 0.06 | — | (i) | 0.06 | (0.07 | ) | — | — | (0.07 | ) | 9.97 | 142,680 | 0.55 | 0.37 | 0.37 | 0.57 | 54 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.98 | 0.07 | 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 | 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 | 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 | 0.04 | 0.17 | (0.15 | ) | — | — | (0.15 | ) | 9.93 | 115,795 | 1.76 | 0.32 | 0.32 | 1.31 | 229 | |||||||||||||||||||||||||||||||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.24 | 0.12 | (0.07 | ) | 0.05 | (0.12 | ) | — | — | (0.12 | ) | 10.17 | 114,045 | 0.48 | 0.65 | 0.68 | 2.32 | 22 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.12 | 0.25 | 0.21 | 0.46 | (0.25 | ) | — | (0.09 | ) | (0.34 | ) | 10.24 | 119,103 | 4.54 | 0.65 | 0.65 | 2.42 | 59 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.54 | 0.29 | (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 | 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 | 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 | (0.11 | ) | 0.23 | (0.34 | ) | — | (0.07 | ) | (0.41 | ) | 10.21 | 165,536 | 2.15 | 0.62 | 0.62 | 3.23 | 17 | |||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2015^ | 10.23 | 0.11 | (0.06 | ) | 0.05 | (0.11 | ) | — | — | (0.11 | ) | 10.17 | 4,769 | 0.52 | 0.75 | 0.75 | 2.23 | 22 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 10.11 | 0.24 | 0.21 | 0.45 | (0.24 | ) | — | (0.09 | ) | (0.33 | ) | 10.23 | 5,152 | 4.45 | 0.74 | 0.74 | 2.34 | 59 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.53 | 0.27 | (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 | 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 | 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 | (0.11 | ) | 0.21 | (0.32 | ) | — | (0.07 | ) | (0.39 | ) | 10.21 | 12,471 | 2.00 | 0.77 | 0.77 | 3.09 | 17 |
See Notes to Financial Highlights and Notes to Financial Statements.
106
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NOTES TO FINANCIAL HIGHLIGHTS
^ | Unaudited. |
† | On August 1, 2015, Fixed Income Funds were rebranded from “RidgeWorth” to “RidgeWorth Seix”. |
†† | Formerly Limited-Term Federal Mortgage Securities Fund. |
(a) | Per share data calculated using average shares outstanding method. |
(b) | Total return excludes sales charge. Not annualized for periods less than one year. |
(c) | Annualized for periods less than one year. |
(d) | Not annualized for periods less than one year. |
(e) | The amount previously reported has been adjusted to exclude an overstatement of mortgage-backed transactions and/or other corporate actions. |
(f) | IS Shares commenced operations on August 3, 2015. |
(g) | IS Shares commenced operations on August 1, 2014 (February 2, 2015 for Seix Floating Rate High Income Fund). |
(h) | 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. |
(i) | Rounds to less than $0.005 per share. |
107
Table of Contents
RIDGEWORTH FUNDS September 30, 2015
(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 Seix Core Bond Fund (formerly, “Core Bond Fund”), Seix Corporate Bond Fund (formerly, “Corporate Bond Fund”), Seix Floating Rate High Income Fund, Seix Georgia Tax-Exempt Bond Fund (formerly, “Georgia Tax-Exempt Bond Fund”), Seix High Grade Municipal Bond Fund (formerly, “High Grade Municipal Bond Fund”), Seix High Income Fund (formerly, “High Income Fund”), Seix High Yield Fund, Seix Investment Grade Tax-Exempt Bond Fund (formerly, “Investment Grade Tax-Exempt Bond Fund”), Seix Limited Duration Fund (formerly, “Limited Duration Fund”), Seix North Carolina Tax-Exempt Bond Fund (formerly, “North Carolina Tax-Exempt Bond Fund”), Seix Short-Term Bond Fund (formerly, “Short-Term Bond Fund”), Seix Short-Term Municipal Bond Fund (formerly, “Short-Term Municipal Bond Fund”), Seix Total Return Bond Fund (formerly, “Total Return Bond Fund”), Seix U.S. Government Securities Ultra-Short Bond Fund (formerly, “U.S. Government Securities Ultra-Short Bond Fund”), Seix U.S. Mortgage Fund (formerly, “Limited-Term Federal Mortgage Securities Fund”), Seix Ultra-Short Bond Fund (formerly, “Ultra-Short Bond Fund”) and Seix Virginia Intermediate Municipal Bond Fund (formerly, “Virginia Intermediate Municipal Bond Fund”) (each, a “Fund” and collectively, the “Funds” or “Fixed Income Funds”), which are each (except Seix North Carolina Tax-Exempt Bond Fund) a diversified series of the Trust.
The Seix Limited Duration Fund, Seix U.S. Government Securities Ultra-Short Bond Fund and Seix Ultra-Short Bond Fund offer I Shares only. The Seix Georgia Tax-Exempt Bond Fund, Seix High Grade Municipal Bond Fund, Seix Investment Grade Tax-Exempt Bond Fund, Seix North Carolina Tax-Exempt Bond Fund, Seix Short-Term Municipal Bond Fund and Seix Virginia Intermediate Bond Fund offer I Shares and A Shares. The Seix High Yield Fund offers I Shares, A Shares and R Shares. The Seix Core Bond Fund, Seix High Income Fund and Seix Total Return Bond Fund offer I Shares, A Shares, R Shares and IS Shares. The Seix Floating Rate High Income Fund offers I Shares, A Shares, C 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 Seix Floating Rate High Income Fund, Seix Short-Term Bond Fund, Seix Short-Term Municipal Bond Fund and Seix U.S. Mortgage Fund) have a maximum sales charge on purchases of 4.75% as a percentage of original purchase price. The A Shares of the Seix Floating Rate High Income Fund, Seix Short-Term Bond Fund, Seix Short-Term Municipal Bond and Seix U.S. Mortgage Fund 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.
108
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
(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 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:
• | 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. |
• | 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. |
• | 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.
109
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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. 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, 2015:
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Seix Core Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | $— | $10,998,682 | $— | $10,998,682 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 20,151,431 | — | 20,151,431 | ||||||||||||
Corporate Bonds1 | — | 78,206,617 | — | 78,206,617 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 75,885,937 | — | 75,885,937 | ||||||||||||
U.S. Treasury Obligations1 | — | 108,035,169 | — | 108,035,169 | ||||||||||||
Foreign Government Bond | — | 456,593 | — | 456,593 | ||||||||||||
Money Market Funds | 10,440,754 | — | — | 10,440,754 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 10,440,754 | 293,734,429 | — | 304,175,183 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Corporate Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Corporate Bonds1 | — | 18,035,412 | — | 18,035,412 | ||||||||||||
Money Market Funds | 1,005,113 | — | — | 1,005,113 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 1,005,113 | 18,035,412 | — | 19,040,525 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Floating Rate High Income Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | — | 5,392,054,740 | — | 5,392,054,740 | ||||||||||||
Corporate Bonds1 | — | 341,548,108 | 0 | 4 | 341,548,108 | |||||||||||
Preferred Stock1 | 2,400,458 | — | — | 2,400,458 | ||||||||||||
Common Stocks1 | 1,975,466 | 584,260 | — | 2,559,726 | ||||||||||||
Money Market Fund | 238,741,608 | — | — | 238,741,608 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 243,117,532 | 5,734,187,108 | 0 | 4 | 5,977,304,640 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Liabilities | ||||||||||||||||
Unfunded Loan Commitments | (6,047 | ) | — | — | (6,047 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | (6,047 | ) | — | — | (6,047 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Georgia Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 136,823,999 | — | 136,823,999 | ||||||||||||
Money Market Fund | 2,365,530 | — | — | 2,365,530 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 2,365,530 | 136,823,999 | — | 139,189,529 | ||||||||||||
|
|
|
|
|
|
|
|
110
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Seix High Grade Municipal Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | $— | $97,204,451 | $— | $97,204,451 | ||||||||||||
Money Market Fund | 19,290,278 | — | — | 19,290,278 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 19,290,278 | 97,204,451 | — | 116,494,729 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix High Income Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | — | 28,103,083 | — | 28,103,083 | ||||||||||||
Corporate Bonds1 | — | 639,300,470 | 0 | 4 | 639,300,470 | |||||||||||
Convertible Preferred Stocks1 | 2,129,823 | — | — | 2,129,823 | ||||||||||||
Municipal Bond2 | — | 1,998,670 | — | 1,998,670 | ||||||||||||
Preferred Stock1 | 3,091,939 | — | — | 3,091,939 | ||||||||||||
Common Stocks1 | 8,722,239 | 448,319 | — | 9,170,558 | ||||||||||||
Money Market Funds | 112,775,255 | — | — | 112,775,255 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 126,719,256 | 669,850,542 | 0 | 4 | 796,569,798 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix High Yield Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | — | 22,958,676 | — | 22,958,676 | ||||||||||||
Corporate Bonds1 | — | 549,633,994 | — | 549,633,994 | ||||||||||||
Convertible Preferred Stock1 | 1,725,464 | — | — | 1,725,464 | ||||||||||||
Common Stock1 | 1,136,626 | — | — | 1,136,626 | ||||||||||||
Money Market Funds | 116,191,342 | — | — | 116,191,342 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 119,053,432 | 572,592,670 | — | 691,646,102 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Credit Default Swap Contracts | — | 917,453 | — | 917,453 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 119,053,432 | 573,510,123 | — | 692,563,555 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Investment Grade Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 568,712,506 | — | 568,712,506 | ||||||||||||
Money Market Fund | 82,884,666 | — | — | 82,884,666 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 82,884,666 | 568,712,506 | — | 651,597,172 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Limited Duration Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 2,288,454 | — | 2,288,454 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 2,949,395 | — | 2,949,395 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 1,040,423 | — | 1,040,423 | ||||||||||||
Money Market Fund | 366,817 | — | — | 366,817 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 366,817 | 6,278,272 | — | 6,645,089 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix North Carolina Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 36,258,296 | — | 36,258,296 | ||||||||||||
Money Market Fund | 2,345,481 | — | — | 2,345,481 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 2,345,481 | 36,258,296 | — | 38,603,777 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Short-Term Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 4,963,339 | — | 4,963,339 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 6,045,542 | — | 6,045,542 | ||||||||||||
Corporate Bonds1 | — | 21,440,614 | — | 21,440,614 | ||||||||||||
Municipal Bonds2 | — | 1,792,394 | — | 1,792,394 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 5,828,315 | — | 5,828,315 | ||||||||||||
U.S. Treasury Obligations1 | — | 13,915,385 | — | 13,915,385 | ||||||||||||
Money Market Fund | 1,197,321 | — | — | 1,197,321 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 1,197,321 | 53,985,589 | — | 55,182,910 | ||||||||||||
|
|
|
|
|
|
|
|
111
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Seix Short-Term Municipal Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | $— | $36,868,441 | $— | $36,868,441 | ||||||||||||
Money Market Fund | 7,923,320 | — | — | 7,923,320 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 7,923,320 | 36,868,441 | — | 44,791,761 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Total Return Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 29,545,600 | — | 29,545,600 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 60,601,657 | — | 60,601,657 | ||||||||||||
Bank Loans1 | — | 371,536 | — | 371,536 | ||||||||||||
Corporate Bonds1 | — | 277,901,490 | — | 277,901,490 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 294,672,496 | — | 294,672,496 | ||||||||||||
U.S. Treasury Obligations1 | — | 450,904,258 | — | 450,904,258 | ||||||||||||
Foreign Government Bond | — | 1,424,000 | — | 1,424,000 | ||||||||||||
Money Market Funds | 35,352,643 | — | — | 35,352,643 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 35,352,643 | 1,115,421,037 | — | 1,150,773,680 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Forward Foreign Currency Contracts | — | 1,209,678 | — | 1,209,678 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 35,352,643 | 1,116,630,715 | — | 1,151,983,358 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities | ||||||||||||||||
Forward Foreign Currency Contracts | — | (2,094,412 | ) | — | (2,094,412 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | — | (2,094,412 | ) | — | (2,094,412 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Security1 | — | 12,747,209 | — | 12,747,209 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 668,041,105 | — | 668,041,105 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 898,050,143 | — | 898,050,143 | ||||||||||||
U.S. Treasury Obligation1 | — | 31,403,775 | — | 31,403,775 | ||||||||||||
Money Market Fund | 67,607,811 | — | — | 67,607,811 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 67,607,811 | 1,610,242,232 | — | 1,677,850,043 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts | (330,220 | ) | — | — | (330,220 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | (330,220 | ) | — | — | (330,220 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix U.S. Mortgage Fund | ||||||||||||||||
Assets | ||||||||||||||||
Collateralized Mortgage Obligations1 | — | 1,659,509 | — | 1,659,509 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 28,675,661 | — | 28,675,661 | ||||||||||||
U.S. Treasury Obligations1 | — | 611,566 | — | 611,566 | ||||||||||||
Money Market Fund | 1,470,496 | — | — | 1,470,496 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 1,470,496 | 30,946,736 | — | 32,417,232 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Ultra-Short Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 20,621,168 | — | 20,621,168 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 12,467,341 | — | 12,467,341 | ||||||||||||
Corporate Bonds1 | — | 48,380,776 | — | 48,380,776 | ||||||||||||
Municipal Bonds2 | — | 4,953,575 | — | 4,953,575 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 4,197,677 | — | 4,197,677 | ||||||||||||
Money Market Fund | 4,058,481 | — | — | 4,058,481 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 4,058,481 | 90,620,537 | — | 94,679,018 | ||||||||||||
|
|
|
|
|
|
|
|
112
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Other Financial Instruments3 | ||||||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts | $(47,690 | ) | $— | $— | $(47,690 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | (47,690 | ) | — | — | (47,690 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Virginia Intermediate Municipal Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 113,772,280 | — | 113,772,280 | ||||||||||||
Money Market Fund | 4,017,007 | — | — | 4,017,007 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 4,017,007 | 113,772,280 | — | 117,789,287 | ||||||||||||
|
|
|
|
|
|
|
|
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 and depreciation on unfunded loan commitments 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 shown at the unrealized appreciation (depreciation) on the instrument. |
4 | As of September 30, 2015, 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 period ended September 30, 2015. The Level 3 securities comprised 0.0% of net assets of each Fund. As such, the Level 3 roll forward amd change in unrealized appreciation/depreciation of Level 3 securities held at period 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, 2015, there were no transfers from Level 1 to Level 2 pursuant to the Pricing and Valuation Procedures.
(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. Distributions from gains from underlying funds, if any, are recorded as realized gains on the ex-dividend date.
(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.
113
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
(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, 2015 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.
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
114
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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 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 Funds 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 contract 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’ 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, and 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.
115
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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 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, 2015, are presented in the table below:
Credit Risk | Foreign Exchange Risk | Interest Rate Risk | Total | |||||||||||||
Seix Corporate Bond Fund | ||||||||||||||||
Realized Gain (Loss)# | ||||||||||||||||
Swaps Contracts | $ | (10,948 | ) | $ | — | $ | — | $ | (10,948 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | (10,948 | ) | $ | — | $ | — | $ | (10,948 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Swaps Contracts | $ | 1,656 | $ | — | $ | — | $ | 1,656 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | 1,656 | $ | — | $ | — | $ | 1,656 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Swaps Contracts | 783,333 | — | — | 783,333 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix High Income Fund | ||||||||||||||||
Realized Gain (Loss)# | ||||||||||||||||
Swaps Contracts | $ | 302,557 | $ | — | $ | — | $ | 302,557 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | 302,557 | $ | — | $ | — | $ | 302,557 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Swaps Contracts | $ | (224,551 | ) | $ | — | $ | — | $ | (224,551 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | (224,551 | ) | $ | — | $ | — | $ | (224,551 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Swaps Contracts | 24,500,000 | — | — | 24,500,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix High Yield Fund | ||||||||||||||||
Asset Derivatives | ||||||||||||||||
Swaps Contracts* | $ | 917,453 | $ | — | $ | — | $ | 917,453 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | 917,453 | $ | — | $ | — | $ | 917,453 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Swaps Contracts | $ | 469,765 | $ | — | $ | — | $ | 469,765 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | 469,765 | $ | — | $ | — | $ | 469,765 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Swaps Contracts | $ | (734,931 | ) | $ | — | $ | — | $ | (734,931 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | (734,931 | ) | $ | — | $ | — | $ | (734,931 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Swaps Contracts | 29,266,667 | — | — | 29,266,667 | ||||||||||||
|
|
|
|
|
|
|
|
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Credit Risk | Foreign Exchange Risk | Interest Rate Risk | Total | |||||||||||||
Seix Total Return Bond Fund | ||||||||||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts** | $ | — | $ | 1,209,678 | $ | — | $ | 1,209,678 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | 1,209,678 | $ | — | $ | 1,209,678 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts^ | $ | — | $ | (2,094,412 | ) | $ | — | $ | (2,094,412 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | (2,094,412 | ) | $ | — | $ | (2,094,412 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Forward Contracts | $ | — | $ | 2,415,480 | $ | — | $ | 2,415,480 | ||||||||
Swaps Contracts | (75,731 | ) | — | — | (75,731 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | (75,731 | ) | $ | 2,415,480 | $ | — | $ | 2,339,749 | |||||||
|
|
|
|
|
|
|
| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Forward Contracts | $ | — | $ | (1,436,576 | ) | $ | — | $ | (1,436,576 | ) | ||||||
Swaps Contracts | 50,260 | — | — | 50,260 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | 50,260 | $ | (1,436,576 | ) | $ | — | $ | (1,386,316 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Forward Contracts | — | 205,679,999 | — | 205,679,999 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Swaps Contracts | 24,083,333 | — | — | 24,083,333 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | ||||||||||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts^ | $ | — | $ | — | $ | (330,220 | ) | $ | (330,220 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | — | $ | (330,220 | ) | $ | (330,220 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (1,014,185 | ) | $ | (1,014,185 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | — | $ | — | $ | (1,014,185 | ) | $ | (1,014,185 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | 194,857 | $ | 194,857 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | — | $ | — | $ | 194,857 | $ | 194,857 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Futures Short Contracts | — | — | (1,153 | ) | (1,153 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Ultra-Short Bond Fund | ||||||||||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts^ | $ | — | $ | — | $ | (47,690 | ) | $ | (47,690 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | — | $ | (47,690 | ) | $ | (47,690 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (131,938 | ) | $ | (131,938 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | — | $ | — | $ | (131,938 | ) | $ | (131,938 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (1,870 | ) | $ | (1,870 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | — | $ | — | $ | (1,870 | ) | $ | (1,870 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Futures Short Contracts | — | — | (123 | ) | (123 | ) | ||||||||||
|
|
|
|
|
|
|
|
* | Represents cumulative value of centrally cleared swap contracts. Only the variation margin on centrally cleared swap contracts is reported within the Statement of Assets and Liabilities as receivable for variation margin. |
** | Statements of Assets and Liabilities location: Appreciated Swap Contracts, at Value, Unrealized Appreciation on Forward Foreign Currency Contracts, as applicable. Futures Contracts value represents cumulative unrealized appreciation. Only the current day’s variation margin on futures contracts is reported within the Statement of Assets and Liabilities as receivable or payable for variation margin, as applicable. |
117
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
^ | Statements of Assets and Liabilities location: Depreciated Swap Contracts, at Value, Unrealized Depreciation on Forward Foreign Currency Contracts, as applicable. Futures Contracts value represents cumulative unrealized depreciation. Only the current day’s variation margin on futures contracts is reported within the Statement of Assets and Liabilities as receivable or payable for variation margin, as applicable. |
# | Statements of Operations location: Net Realized Gain (Loss) from: Futures Contracts, Swap Contracts, or Forward Foreign Currency Contracts, as applicable. |
## | Statements of Operations location: Net Change in Unrealized Appreciation (Depreciation) on: 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 foreign 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, 2015. |
The following table summarizes any OTC derivatives at September 30, 2015 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 | |||||||||||||
Seix Total Return Bond Fund | ||||||||||||||||
Assets Counterparty | ||||||||||||||||
JPMorgan | $ | 1,209,678 | $ | — | $ | — | $ | 1,209,678 | ||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 1,209,678 | $ | — | $ | — | $ | 1,209,678 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities Counterparty | ||||||||||||||||
JPMorgan | $ | 1,701,527 | $ | — | $ | (842,968 | ) | $ | 858,559 | |||||||
State Street | 349,069 | — | — | 349,069 | ||||||||||||
First Clearing | 43,816 | — | — | 43,816 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 2,094,412 | $ | — | $ | (842,968 | ) | $ | 1,251,444 | ||||||||
|
|
|
|
|
|
|
|
(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. Securities lending fees are netted against Income from Securities Lending on the Statements of Operations. For Seix Core Bond Fund, Seix Corporate Bond Fund, Seix High Income Fund, Seix High Yield Fund and Seix Total Return Bond Fund, all of the securities on loan are classified as Corporate Bonds in the Fund’s Schedule of Investments as of September 30, 2015.
(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
118
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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. 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, 2015, Seix Floating Rate High Income 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, 2015, 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.
For securities subject to foreign withholding tax upon disposition, liabilities are recorded on the Statements 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.
119
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
(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.
At September 30, 2015, one shareholder owned 100% of Seix Limited Duration Fund. Transaction activities of these shareholders may have a material effect on the respective Fund. Redemptions of these shareholders’ holdings in the Fund may impact the Fund’s liquidity and net asset value. Such redemptions may force the Fund to sell securities.
(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, 2015, 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. The Funds will accrue such taxes and recoveries as applicable, based upon their current interpretation of tax rules and regulations that exist in the markets in which they invest.
(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 a syndicate of banks which includes State Street Bank and Trust (“State Street Bank”) and Royal Bank of Canada (“RBC”), for an aggregate amount of $200,000,000. 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 on a pro rata basis to State Street Bank and RBC, in the amount of 0.15% 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 and RBC pursuant to this agreement are reflected on the Statements of Operations as a component of Other Fees. Prior to the September 23, 2015 syndicated agreement, a credit agreement with State Street Bank permitted an aggregate amount of $250,000,000 under similar terms and interest rates as described above. As of September 30, 2015, the Fixed Income Funds had no outstanding borrowings under the LOC.
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. The subadviser for the Funds is Seix Investment Advisors LLC (“Subadviser”). 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
120
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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, 2015 were as follows:
Fund | Maximum Advisory Fee | Discounted Annual Advisory Fee | Advisory Fees Waived/Expense Reimbursed | Net Annual fees Paid* | ||||||||||||
Seix Core Bond Fund | 0.25 | % | 0.25 | % | — | % | 0.25 | % | ||||||||
Seix Corporate Bond Fund | 0.40 | 0.40 | (0.09 | ) | 0.31 | |||||||||||
Seix Floating Rate High Income Fund | 0.45 | 0.41 | — | 0.41 | ||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 0.50 | 0.50 | (0.01 | ) | 0.49 | |||||||||||
Seix High Grade Municipal Bond Fund | 0.50 | 0.50 | (0.02 | ) | 0.48 | |||||||||||
Seix High Income Fund | 0.55 | 0.54 | — | 0.54 | ||||||||||||
Seix High Yield Fund | 0.45 | 0.44 | — | 0.44 | ||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 0.50 | 0.49 | (0.03 | ) | 0.46 | |||||||||||
Seix Limited Duration Fund | 0.10 | 0.10 | (0.07 | ) | 0.03 | |||||||||||
Seix North Carolina Tax-Exempt Bond Fund | 0.50 | 0.50 | (0.06 | ) | 0.44 | |||||||||||
Seix Short-Term Bond Fund | 0.40 | 0.40 | (0.07 | ) | 0.33 | |||||||||||
Seix Short-Term Municipal Bond Fund | 0.35 | 0.35 | (0.08 | ) | 0.27 | |||||||||||
Seix Total Return Bond Fund | 0.25 | 0.24 | — | 0.24 | ||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 0.20 | 0.19 | — | 0.19 | ||||||||||||
Seix U.S. Mortgage Fund | 0.50 | 0.45 | (0.22 | ) | 0.23 | |||||||||||
Seix Ultra-Short Bond Fund | 0.22 | 0.22 | — | 0.22 | ||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 0.50 | 0.50 | (0.03 | ) | 0.47 |
* | 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, 2016, 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, 2015 to September 30, 2015 | ||||||||||||||||||||
Fund | I Shares | A Shares | C Shares | R Shares | IS Shares | |||||||||||||||
Seix Core Bond Fund* | 0.50 | % | 0.75 | % | N/A | % | 1.05 | % | 0.40 | % | ||||||||||
Seix Corporate Bond Fund | 0.70 | 0.95 | 1.65 | N/A | N/A | |||||||||||||||
Seix Floating Rate High Income Fund | 0.70 | 1.00 | 1.60 | N/A | 0.60 | |||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A | |||||||||||||||
Seix High Grade Municipal Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A | |||||||||||||||
Seix High Income Fund | 0.80 | 1.05 | N/A | 1.50 | 0.70 | |||||||||||||||
Seix High Yield Fund | 0.65 | 0.90 | N/A | 1.30 | N/A | |||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A | |||||||||||||||
Seix Limited Duration Fund | 0.35 | N/A | N/A | N/A | N/A | |||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A | |||||||||||||||
Seix Short-Term Bond Fund | 0.60 | 0.80 | 1.60 | N/A | N/A | |||||||||||||||
Seix Short-Term Municipal Bond Fund* | 0.48 | 0.68 | N/A | N/A | N/A | |||||||||||||||
Seix Total Return Bond Fund* | 0.50 | 0.75 | N/A | 1.10 | 0.40 | |||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 0.46 | N/A | N/A | N/A | N/A | |||||||||||||||
Seix U.S. Mortgage Fund | 0.70 | 0.90 | 1.65 | N/A | N/A | |||||||||||||||
Seix Ultra-Short Bond Fund | 0.46 | N/A | N/A | N/A | N/A | |||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A |
121
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
* | For the period April 1, 2015 to July 31, 2015 the Contractual Expense Limitations were as follows: |
Fund | I Shares | A Shares | C Shares | R Shares | IS Shares | |||||||||||||||
Seix Core Bond Fund | 0.50 | % | 0.75 | % | N/A | % | 1.05 | % | N/A | % | ||||||||||
Seix Short-Term Municipal Bond Fund | 0.55 | 0.70 | N/A | N/A | N/A | |||||||||||||||
Seix Total Return Bond Fund | 0.50 | 0.75 | N/A | 1.05 | 0.40 |
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 Investment Advisor may choose to voluntarily waive fees. In the event that the Investment Advisor voluntarily waives any fees, these waived fees are not subject to recoupment by the Investment Advisor. The Investment Adviser has voluntarily undertaken to reduce and/or subsidize certain expenses of the Seix Limited Duration Fund, Seix Short-Term Bond Fund and Seix U.S. Mortgage Fund to the extent necessary to maintain a minimum annualized yield of 0.0% 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, 2015, Seix Limited Duration Fund, Seix Short-Term Bond Fund and Seix U.S. Mortgage Fund had voluntary reimbursements in the amount of $16, $2,636 and $7, respectively.
During the period ended September 30, 2015, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. As of September 30, 2015, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:
Expires | ||||||||||||||||
Fund | 2016 | 2017 | 2018 | 2019 | ||||||||||||
Seix Core Bond Fund | $1,227 | $42 | $3,506 | $— | ||||||||||||
Seix Corporate Bond Fund | 10,691 | 5,345 | 11,677 | 11,344 | ||||||||||||
Seix Floating Rate High Income Fund | — | 122 | — | — | ||||||||||||
Seix High Grade Municipal Bond Fund | 17,205 | 18,165 | 26,689 | 13,807 | ||||||||||||
Seix High Income Fund | 85,675 | 26,432 | — | — | ||||||||||||
Seix Georgia Tax-Exempt Bond Fund | — | — | — | 9,721 | ||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 53,503 | 32,500 | 189,341 | 109,510 | ||||||||||||
Seix Limited Duration Fund | 3,221 | 8,029 | 8,039 | 2,505 | ||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | — | — | 14,868 | 11,394 | ||||||||||||
Seix Short-Term Bond Fund | 2,491 | 1,467 | 31,360 | 21,039 | ||||||||||||
Seix Short-Term Municipal Bond Fund | 36,571 | 35,071 | 28,407 | 16,428 | ||||||||||||
Seix Total Return Bond Fund | 134,555 | 30,144 | 5,518 | — | ||||||||||||
Seix U.S. Mortgage Fund | 49,640 | 56,990 | 58,174 | 20,946 | ||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | — | — | — | 15,246 |
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.
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RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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, 2015, 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, 2015, the Distributor did not retain any commissions from contingent deferred sales charges assessed on redemptions of Class C Shares. These current board approved fees, expressed as a percentage of average daily net assets, for the period ended September 30, 2015, were as follows:
Fund | A Share Distribution and Service Fee | C Share Distribution and Service Fee | R Share Distribution and Service Fee | IS Share Distribution and Service Fee | ||||||||||||
Seix Core Bond Fund | 0.30 | % | N/A | % | 0.50 | % | N/A | % | ||||||||
Seix Corporate Bond Fund | 0.30 | 1.00 | N/A | N/A | ||||||||||||
Seix Floating Rate High Income Fund | 0.30 | 1.00 | N/A | N/A | ||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 0.15 | N/A | N/A | N/A | ||||||||||||
Seix High Grade Municipal Bond Fund | 0.15 | N/A | N/A | N/A | ||||||||||||
Seix High Income Fund | 0.30 | N/A | 0.50 | N/A | ||||||||||||
Seix High Yield Fund | 0.25 | N/A | 0.50 | N/A | ||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 0.30 | N/A | N/A | N/A | ||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | 0.15 | N/A | N/A | N/A | ||||||||||||
Seix Short-Term Bond Fund | 0.20 | 1.00 | N/A | N/A | ||||||||||||
Seix Short-Term Municipal Bond Fund | 0.15 | N/A | N/A | N/A | ||||||||||||
Seix Total Return Bond Fund | 0.25 | N/A | 0.50 | N/A | ||||||||||||
Seix U.S. Mortgage Fund | 0.20 | 1.00 | N/A | N/A | ||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 0.15 | N/A | 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 ashareholder 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 Seix Core Bond Fund, Seix High Income Fund, Seix High Yield Fund and Seix 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, 2015, the Investment Adviser was paid $774,762 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.
123
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
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 committee service, paid on a per committee meeting basis. 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 fiscal year ended March 31, 2015 and the period ended September 30, 2015 were as follows:
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Shares Converted | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Shares Converted | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||||||||
Seix Core Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 1,336,975 | 18,121,184 | 250,156 | (10,638,184 | ) | — | 9,070,131 | $14,498,277 | $195,102,886 | $2,698,807 |
| $(114,657,573 | ) | $— | $97,642,397 | |||||||||||||||||||||||||||||||||
3/31/2015 | 4,510,931 | — | 302,569 | (6,253,876 | ) | — | (1,440,376 | ) | 49,062,356 | — | 3,294,024 | (68,021,150 | ) | — | (15,664,770 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 48,702 | 312,495 | 9,665 | (101,450 | ) | — | 269,412 | 527,195 | 3,363,629 | 104,241 | (1,102,019 | ) | — | 2,893,046 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 54,092 | — | 13,538 | (321,519 | ) | — | (253,889 | ) | 589,429 | — | 147,238 | (3,486,043 | ) | — | (2,749,376 | ) | ||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 9,629 | 1,392 | 4,014 | (28,225 | ) | — | (13,190 | ) | 104,885 | 14,994 | 43,335 | (305,872 | ) | — | (142,658 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 17,918 | — | 5,424 | (93,708 | ) | — | (70,366 | ) | 194,681 | — | 59,073 | (1,018,551 | ) | — | (764,797 | ) | ||||||||||||||||||||||||||||||||
IS Shares* |
| |||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 2,239 | — | 4 | — | — | 2,243 | 24,037 | — | 38 | — | — | 24,075 | ||||||||||||||||||||||||||||||||||||
Seix Corporate Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 213,694 | — | 24,669 | (1,784,011 | ) | — | (1,545,648 | ) | 1,873,648 | — | 214,474 | (15,554,697 | ) | — | (13,466,575 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 955,616 | — | 134,258 | (1,573,782 | ) | — | (483,908 | ) | 8,532,909 | — | 1,191,441 | (13,966,065 | ) | — | (4,241,715 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 22,926 | — | 840 | (33,863 | ) | — | (10,097 | ) | 198,535 | — | 7,332 | (293,690 | ) | — | (87,823 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 90,712 | — | 3,551 | (93,103 | ) | — | 1,160 | 814,568 | — | 31,615 | (834,348 | ) | — | 11,835 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 7,445 | — | 8,994 | (65,530 | ) | — | (49,091 | ) | 64,100 | — | 77,966 | (567,590 | ) | — | (425,524 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 4,778 | — | 41,097 | (188,550 | ) | — | (142,675 | ) | 42,519 | — | 363,642 | (1,679,489 | ) | — | (1,273,328 | ) | ||||||||||||||||||||||||||||||||
Seix Floating Rate High Income Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 97,481,268 | — | 11,546,267 | (249,107,010 | ) | — | (140,079,475 | ) | 861,860,509 | — | 101,482,901 | (2,203,727,893 | ) | — | (1,240,384,483 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 250,862,178 | — | 25,936,211 | (583,258,962 | ) | — | (306,460,573 | ) | 2,241,961,673 | — | 231,690,008 | (5,212,104,240 | ) | — | (2,738,452,559 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 5,153,973 | — | 366,516 | (4,783,613 | ) | — | 736,876 | 45,627,810 | — | 3,221,185 | (42,135,684 | ) | — | 6,713,311 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 5,311,892 | — | 789,523 | (12,877,326 | ) | — | (6,775,911 | ) | 47,521,598 | — | 7,051,575 | (114,351,918 | ) | — | (59,778,745 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 756,229 | — | 96,660 | (1,003,947 | ) | — | (151,058 | ) | 6,661,022 | — | 849,735 | (8,850,158 | ) | — | (1,339,401 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,255,960 | — | 186,092 | (3,342,098 | ) | — | (1,900,046 | ) | 11,262,053 | — | 1,660,627 | (29,808,639 | ) | — | (16,885,959 | ) | ||||||||||||||||||||||||||||||||
IS Shares* |
| |||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 160,265,606 | — | 782,087 | (29,833,216 | ) | — | 131,214,477 | 1,424,159,232 | — | 6,847,101 | (261,505,676 | ) | — | 1,169,500,657 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 1,578,189 | — | 4,668 | (157,646 | ) | — | 1,425,211 | 13,911,350 | — | 41,378 | (1,395,472 | ) | — | 12,557,256 | ||||||||||||||||||||||||||||||||||
Seix Georgia Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 1,571,159 | — | 148,285 | (1,119,525 | ) | — | 599,919 | 16,841,737 | — | 1,592,351 | (12,014,870 | ) | — | 6,419,218 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 2,592,909 | — | 224,078 | (2,270,543 | ) | — | 546,444 | 27,818,184 | — | 2,418,136 | (24,363,603 | ) | — | 5,872,717 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 3,680 | — | 3,802 | (25,044 | ) | — | (17,562 | ) | 40,000 | — | 40,897 | (269,285 | ) | — | (188,388 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 8,488 | — | 8,921 | (79,653 | ) | — | (62,244 | ) | 90,157 | — | 96,012 | (853,535 | ) | — | (667,366 | ) | ||||||||||||||||||||||||||||||||
Seix High Grade Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 1,546,346 | — | 66,389 | (1,124,634 | ) | — | 488,101 | 18,784,553 | — | 806,132 | (13,667,612 | ) | — | 5,923,073 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 4,745,372 | — | 159,946 | (1,137,834 | ) | — | 3,767,484 | 57,975,527 | — | 1,960,186 | (13,933,474 | ) | — | 46,002,239 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 105,942 | — | 10,873 | (262,874 | ) | — | (146,059 | ) | 1,287,628 | — | 132,119 | (3,189,005 | ) | — | (1,769,258 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,054,618 | — | 37,938 | (506,285 | ) | — | 586,271 | 12,792,276 | — | 464,617 | (6,170,845 | ) | — | 7,086,048 |
124
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Shares Converted | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Shares Converted | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||||||||
Seix High Income Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 24,483,117 | — | 3,144,909 | (32,353,818 | ) | — | (4,725,792 | ) | $160,668,892 | $— | $20,389,493 | $(211,057,753 | ) | $— | $(29,999,368 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 82,575,974 | — | 8,843,693 | (86,288,928 | ) | — | 5,130,739 | 579,568,804 | — | 60,279,865 | (601,990,156 | ) | — | 37,858,513 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 2,288,647 | — | 248,102 | (3,628,371 | ) | — | (1,091,622 | ) | 15,221,322 | — | 1,612,819 | (23,996,181 | ) | — | (7,162,040 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 7,667,812 | — | 976,856 | (20,543,905 | ) | — | (11,899,237 | ) | 54,340,109 | — | 6,753,578 | (147,628,392 | ) | — | (86,534,705 | ) | ||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 148,590 | — | 78,908 | (572,290 | ) | — | (344,792 | ) | 975,145 | — | 512,501 | (3,761,116 | ) | — | (2,273,470 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 810,510 | — | 254,230 | (1,008,275 | ) | — | 56,465 | 5,667,370 | — | 1,729,645 | (7,052,708 | ) | — | 344,307 | ||||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 615,171 | — | 29,425 | (637,073 | ) | — | 7,523 | 4,126,415 | — | 191,572 | (3,910,425 | ) | — | 407,562 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 835,524 | — | 55,114 | (372,986 | ) | — | 517,652 | 5,992,270 | — | 369,144 | (2,505,345 | ) | — | 3,856,069 | ||||||||||||||||||||||||||||||||||
Seix High Yield Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 20,593,625 | — | 1,175,452 | (21,894,123 | ) | — | (125,046 | ) | 177,038,996 | — | 10,024,800 | (187,145,286 | ) | — | (81,490 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 59,991,586 | — | 5,890,762 | (107,955,053 | ) | — | (42,072,705 | ) | 566,345,748 | — | 51,929,938 | (1,029,523,302 | ) | — | (411,247,616 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 559,649 | — | 21,328 | (769,062 | ) | — | (188,085 | ) | 4,738,248 | — | 178,352 | (6,483,262 | ) | — | (1,566,662 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 4,637,962 | — | 224,812 | (11,103,725 | ) | — | (6,240,951 | ) | 43,055,711 | — | 2,074,573 | (105,914,466 | ) | — | (60,784,182 | ) | ||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 934 | — | 2,060 | (20,470 | ) | — | (17,476 | ) | 7,674 | — | 17,617 | (176,429 | ) | — | (151,138 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 2,288 | — | 15,091 | (52,067 | ) | — | (34,688 | ) | 21,707 | — | 133,652 | (485,745 | ) | — | (330,386 | ) | ||||||||||||||||||||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 5,585,966 | — | 551,423 | (8,356,210 | ) | — | (2,218,821 | ) | 67,732,536 | — | 6,690,941 | (101,272,600 | ) | — | (26,849,123 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 14,602,298 | — | 1,646,853 | (15,797,083 | ) | — | 452,068 | 179,985,612 | — | 20,298,292 | (194,601,088 | ) | — | 5,682,816 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 197,239 | — | 22,732 | (541,779 | ) | — | (321,808 | ) | 2,390,797 | — | 276,086 | (6,580,748 | ) | — | (3,913,865 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 602,590 | — | 67,708 | (756,290 | ) | — | (85,992 | ) | 7,434,825 | — | 835,425 | (9,331,854 | ) | — | (1,061,604 | ) | ||||||||||||||||||||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 409,901 | — | 4,280 | (372,968 | ) | — | 41,213 | 4,239,125 | — | 44,400 | (3,858,691 | ) | — | 424,834 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 456,959 | — | 7,666 | (627,800 | ) | — | (163,175 | ) | 4,742,649 | — | 79,506 | (6,477,472 | ) | — | (1,655,317 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 417 | — | 714 | (33,179 | ) | — | (32,048 | ) | 4,324 | — | 7,383 | (343,370 | ) | — | (331,663 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 970 | — | 1,647 | (12,431 | ) | — | (9,814 | ) | 10,050 | — | 17,015 | (126,714 | ) | — | (99,649 | ) | ||||||||||||||||||||||||||||||||
Seix Short-Term Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 626,433 | — | 13,064 | (531,818 | ) | — | 107,679 | 6,235,646 | — | 130,128 | (5,298,330 | ) | — | 1,067,444 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 4,689,209 | — | 15,007 | (3,483,051 | ) | — | 1,221,165 | 46,705,550 | — | 149,489 | (34,661,784 | ) | — | 12,193,255 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 4,536 | — | 482 | (21,354 | ) | — | (16,336 | ) | 45,318 | — | 4,817 | (213,098 | ) | — | (162,963 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 31,643 | — | 1,080 | (76,545 | ) | — | (43,822 | ) | 315,855 | — | 10,786 | (764,100 | ) | — | (437,459 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | — | — | — | (21,245 | ) | — | (21,245 | ) | — | — | — | (211,869 | ) | — | (211,869 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 30,224 | — | 7 | (47,609 | ) | — | (17,378 | ) | 301,471 | — | 69 | (475,001 | ) | — | (173,461 | ) | ||||||||||||||||||||||||||||||||
Seix Short-Term Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 521,007 | — | 2,446 | (551,468 | ) | — | (28,015 | ) | 5,192,880 | — | 24,382 | (5,497,395 | ) | — | (280,133 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 2,495,504 | — | 13,203 | (1,730,406 | ) | — | 778,301 | 25,027,144 | — | 131,989 | (17,344,646 | ) | — | 7,814,487 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 214,076 | — | 443 | (51,781 | ) | — | 162,738 | 2,133,982 | — | 4,416 | (516,424 | ) | — | 1,621,974 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 112,743 | — | 4,253 | (321,367 | ) | — | (204,371 | ) | 1,130,952 | — | 42,495 | (3,219,515 | ) | — | (2,046,068 | ) |
125
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Shares Converted | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Shares Converted | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||||||||
Seix Total Return Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 14,261,243 | — | 871,171 | (12,493,609 | ) | — | 2,638,805 | $151,076,652 | $— | $9,217,146 | $(132,274,922 | ) | $— | $28,018,876 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 34,898,907 | — | 1,913,702 | (44,413,678 | ) | — | (7,601,069 | ) | 370,723,813 | — | 20,363,610 | (469,786,413 | ) | — | (78,698,990 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 245,686 | — | 27,544 | (954,120 | ) | — | (680,890 | ) | 2,688,901 | — | 301,186 | (10,398,257 | ) | — | (7,408,170 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,172,422 | — | 67,076 | (1,150,420 | ) | — | 89,078 | 12,923,984 | — | 737,622 | (12,606,489 | ) | — | 1,055,117 | ||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 319,412 | — | 36,984 | (1,271,491 | ) | — | (915,095 | ) | 3,383,233 | — | 391,523 | (13,457,494 | ) | — | (9,682,738 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,423,952 | — | 108,564 | (2,487,736 | ) | — | (955,220 | ) | 15,230,786 | — | 1,154,903 | (26,504,553 | ) | — | (10,118,864 | ) | ||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 1,039,600 | — | 70,102 | (757,820 | ) | — | 351,882 | 10,988,988 | — | 742,178 | (8,017,291 | ) | — | 3,713,875 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 7,452,851 | — | 102,410 | (904,498 | ) | — | 6,650,763 | 78,912,819 | — | 1,094,608 | (9,639,814 | ) | — | 70,367,613 | ||||||||||||||||||||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 33,848,341 | — | 514,453 | (34,900,625 | ) | — | (537,831 | ) | 342,025,933 | — | 5,196,864 | (352,714,185 | ) | — | (5,491,388 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 83,380,029 | 784,751 | 1,171,622 | (117,688,966 | ) | — | (32,352,564 | ) | 844,619,459 | 7,953,747 | 11,867,837 | (1,192,094,156 | ) | — | (327,653,113 | ) | ||||||||||||||||||||||||||||||||
Seix U.S. Mortgage Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 163,915 | 1,506,410 | 6,739 | (154,969 | ) | — | 1,522,095 | 1,842,892 | 16,905,776 | 75,756 | (1,740,663 | ) | — | 17,083,761 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 111,347 | — | 6,642 | (134,103 | ) | — | (16,114 | ) | 1,244,455 | — | 74,071 | (1,490,918 | ) | — | (172,392 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 33,268 | 49,212 | 3,656 | (33,552 | ) | — | 52,584 | 373,796 | 551,248 | 41,029 | (376,114 | ) | — | 589,959 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 435,295 | — | 5,234 | (138,224 | ) | — | 302,305 | 4,856,654 | — | 58,527 | (1,550,996 | ) | — | 3,364,185 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 171,338 | 104,870 | 1,537 | (31,407 | ) | — | 246,338 | 746,121 | 1,176,793 | 17,273 | (352,746 | ) | — | 1,587,441 | ||||||||||||||||||||||||||||||||||
3/31/2015 | 6,873 | — | 4,872 | (97,786 | ) | — | (86,041 | ) | 76,671 | — | 54,280 | (1,086,652 | ) | — | (955,701 | ) | ||||||||||||||||||||||||||||||||
Seix Ultra-Short Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 950,048 | — | 39,851 | (5,800,979 | ) | — | (4,811,080 | ) | 9,461,629 | — | 396,520 | (57,709,031 | ) | — | (47,850,882 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 8,677,771 | — | 74,912 | (6,674,417 | ) | — | 2,078,266 | 86,577,985 | — | 747,060 | (66,552,633 | ) | — | 20,772,412 | ||||||||||||||||||||||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 865,884 | — | 18,680 | (1,308,643 | ) | — | (424,079 | ) | 8,749,197 | — | 189,203 | (13,237,085 | ) | — | (4,298,685 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 1,641,414 | — | 61,789 | (1,991,032 | ) | — | (287,829 | ) | 16,795,290 | — | 633,563 | (20,408,382 | ) | — | (2,979,529 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2015 | 1,202 | — | 4,909 | (40,538 | ) | — | (34,427 | ) | 12,187 | — | 49,699 | (410,769 | ) | — | (348,883 | ) | ||||||||||||||||||||||||||||||||
3/31/2015 | 57,972 | — | 16,745 | (329,656 | ) | — | (254,939 | ) | 593,372 | — | 171,735 | (3,374,504 | ) | — | (2,609,397 | ) |
* | IS Shares commenced operations on August 1, 2014 (August 3, 2015 for Seix Core Bond Fund). |
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, 2015, were as follows:
Purchases | Sales and Maturities | |||||||
Seix Core Bond Fund | $48,790,989 | $94,108,090 | ||||||
Seix Corporate Bond Fund | 9,463,127 | 19,139,453 | ||||||
Seix Floating Rate High Income Fund | 1,276,187,640 | 1,418,942,139 | ||||||
Seix Georgia Tax-Exempt Bond Fund | 29,211,292 | 18,762,729 | ||||||
Seix High Grade Municipal Bond Fund | 63,159,886 | 63,261,993 | ||||||
Seix High Income Fund | 229,952,140 | 237,007,600 | ||||||
Seix High Yield Fund | 175,719,239 | 159,496,215 | ||||||
Seix Investment Grade Tax-Exempt Bond Fund | 345,821,228 | 423,465,095 |
126
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Purchases | Sales and Maturities | |||||||
Seix Limited Duration Fund | $897,764 | $938,681 | ||||||
Seix North Carolina Tax-Exempt Bond Fund | 6,478,284 | 4,774,308 | ||||||
Seix Short-Term Bond Fund | 5,542,018 | 6,055,415 | ||||||
Seix Short-Term Municipal Bond Fund | 28,487,547 | 22,509,890 | ||||||
Seix Total Return Bond Fund | 196,042,582 | 191,332,232 | ||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 303,955,944 | 229,190,165 | ||||||
Seix U.S. Mortgage Fund | 3,145,689 | 4,264,341 | ||||||
Seix Ultra-Short Bond Fund | 15,454,927 | 59,425,675 | ||||||
Seix Virginia Intermediate Municipal Bond Fund | 25,288,811 | 32,278,759 |
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, 2015, were as follows:
Purchases—U.S. Government Securities | Sales—U.S. Government Securities | |||||||
Seix Core Bond Fund | $265,629,835 | $334,967,744 | ||||||
Seix Corporate Bond Fund | 149,503 | 147,329 | ||||||
Seix Limited Duration Fund | — | 226,245 | ||||||
Seix Short-Term Bond Fund | 16,193,486 | 15,349,199 | ||||||
Seix Total Return Bond Fund | 774,659,428 | 760,335,034 | ||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 160,484,693 | 226,626,463 | ||||||
Seix U.S. Mortgage Fund | 26,367,844 | 23,971,671 | ||||||
Seix Ultra-Short Bond Fund | 1,002,209 | 7,204,696 |
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.
The cost of investments and aggregate gross unrealized appreciation and depreciation for securities held by the Funds as of September 30, 2015 were as follows:
Fund | Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Seix Core Bond Fund | $302,891,039 | $2,775,964 | $(1,491,820 | ) | $1,284,144 | |||||||||||
Seix Corporate Bond Fund | 19,348,834 | 191,664 | (499,973 | ) | (308,309 | ) | ||||||||||
Seix Floating Rate High Income Fund | 6,253,014,556 | 12,019,081 | (287,728,997 | ) | (275,709,916 | ) | ||||||||||
Seix Georgia Tax-Exempt Bond Fund | 132,367,011 | 6,847,510 | (24,992 | ) | 6,822,518 | |||||||||||
Seix High Grade Municipal Bond Fund | 112,063,372 | 4,599,406 | (168,049 | ) | 4,431,357 | |||||||||||
Seix High Income Fund | 864,198,466 | 5,953,827 | (73,582,495 | ) | (67,628,668 | ) | ||||||||||
Seix High Yield Fund | 730,110,674 | 6,468,090 | (44,932,662 | ) | (38,464,572 | ) | ||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 620,017,749 | 31,951,888 | (372,465 | ) | 31,579,423 | |||||||||||
Seix Limited Duration Fund | 6,635,102 | 14,081 | (4,094 | ) | 9,987 | |||||||||||
Seix North Carolina Tax-Exempt Bond Fund | 36,846,492 | 1,757,285 | — | 1,757,285 | ||||||||||||
Seix Short-Term Bond Fund | 55,047,644 | 175,504 | (40,238 | ) | 135,266 | |||||||||||
Seix Short-Term Municipal Bond Fund | 44,627,674 | 164,087 | — | 164,087 | ||||||||||||
Seix Total Return Bond Fund | 1,146,075,079 | 12,447,294 | (7,748,693 | ) | 4,698,601 | |||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 1,658,027,057 | 20,471,829 | (648,843 | ) | 19,822,986 |
127
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Fund | Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Seix U.S. Mortgage Fund | $32,186,737 | $239,162 | $(8,667 | ) | $230,495 | |||||||||||
Seix Ultra-Short Bond Fund | 94,613,294 | 230,602 | (164,878 | ) | 65,724 | |||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 113,200,827 | 4,678,540 | (90,080 | ) | 4,588,460 |
Amounts designated as “—” are $0.
The tax character of distributions paid to shareholders during the fiscal year ended March 31, 2015 was as follows:
Distributions paid from | ||||||||||||||||||||
Fund | Net Investment Income* | Net Long Term Capital Gains | Tax-Exempt Distributions** | Return of Capital | Total Distributions Paid | |||||||||||||||
Seix Core Bond Fund | $4,241,150 | $— | $— | $— | $4,241,150 | |||||||||||||||
Seix Corporate Bond Fund | 1,518,635 | 89,129 | — | — | 1,607,764 | |||||||||||||||
Seix Floating Rate High Income Fund | 329,521,926 | — | — | — | 329,521,926 | |||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 42 | — | 3,369,698 | — | 3,369,740 | |||||||||||||||
Seix High Grade Municipal Bond Fund | 1,210,439 | — | 2,142,219 | — | 3,352,658 | |||||||||||||||
Seix High Income Fund | 63,083,214 | 13,711,409 | — | — | 76,794,623 | |||||||||||||||
Seix High Yield Fund | 71,059,727 | 44,294,046 | — | — | 115,353,773 | |||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 6,178,999 | 2,347,656 | 16,915,693 | — | 25,442,348 | |||||||||||||||
Seix Limited Duration Fund | 11,822 | — | — | — | 11,822 | |||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | — | — | 881,179 | — | 881,179 | |||||||||||||||
Seix Short-Term Bond Fund | 270,835 | — | — | — | 270,835 | |||||||||||||||
Seix Short-Term Municipal Bond Fund | 274,833 | 22,750 | 156,265 | — | 453,848 | |||||||||||||||
Seix Total Return Bond Fund | 24,212,496 | — | — | — | 24,212,496 | |||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 13,488,002 | — | — | — | 13,488,002 | |||||||||||||||
Seix U.S. Mortgage Fund | 191,623 | — | — | — | 191,623 | |||||||||||||||
Seix Ultra-Short Bond Fund | 932,817 | — | — | — | 932,817 | |||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 21,988 | 995,886 | 3,007,134 | — | 4,025,008 |
* | 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.
As of March 31, 2015 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 | ||||||||||||||||||
Seix Core Bond Fund | $— | $467,186 | $634,212 | $4,736,360 | $— | $5,837,758 | ||||||||||||||||||
Seix Corporate Bond Fund | — | 141,035 | 271,821 | 816,714 | — | 1,229,570 | ||||||||||||||||||
Seix Floating Rate High Income Fund | — | 25,430,878 | — | (111,213,685 | ) | (47,253,844 | ) | (133,036,651 | ) | |||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 451,060 | — | — | 7,923,791 | (1,162,838 | ) | 7,212,013 | |||||||||||||||||
Seix High Grade Municipal Bond Fund | 182,061 | 1,029,111 | 1,762 | 4,956,022 | — | 6,168,956 | ||||||||||||||||||
Seix High Income Fund | — | 3,766,213 | — | (14,059,534 | ) | (21,455,989 | ) | (31,749,310 | ) | |||||||||||||||
Seix High Yield Fund | — | 2,265,985 | — | 1,819,408 | (19,268,707 | ) | (15,183,314 | ) | ||||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 1,078,190 | 2,967,745 | 4,455,707 | 36,180,761 | — | 44,682,403 | ||||||||||||||||||
Seix Limited Duration Fund | — | 105 | — | 13,503 | (829,151 | ) | (815,543 | ) | ||||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | 308 | — | — | 2,151,028 | (223,221 | ) | 1,928,115 | |||||||||||||||||
Seix Short-Term Bond Fund | — | 24,131 | — | 194,097 | (1,210,971 | ) | (992,743 | ) |
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Fund | Undistributed Tax Exempt Income | Undistributed Ordinary Income | Undistributed Long Term Capital Gains | Net Unrealized Appreciation (Depreciation)* | Loss Carryforwards and Deferrals | Total | ||||||||||||||||||
Seix Short-Term Municipal Bond Fund | $8,040 | $30,391 | $54,861 | $158,497 | $— | $251,789 | ||||||||||||||||||
Seix Total Return Bond Fund | — | — | 1,184,497 | 23,193,900 | (1,268,093 | ) | 23,110,304 | |||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | — | 1,050,646 | — | 22,995,279 | (18,085,526 | ) | 5,960,399 | |||||||||||||||||
Seix U.S. Mortgage Fund | — | 2,174 | — | 314,376 | (695,758 | ) | (379,208 | ) | ||||||||||||||||
Seix Ultra-Short Bond Fund | — | 82,532 | — | 423,939 | (2,228,275 | ) | (1,721,804 | ) | ||||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 247,958 | 36,840 | 997,626 | 5,653,633 | — | 6,936,057 |
* | 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), mark to market on credit default swaps, trust adjustments and straddle loss deferrals. |
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, 2015, the post-enactment accumulated short-term and long-term capital loss carryforwards were as follows:
Fund | Short Term | Long Term | Total | |||||||||
Seix North Carolina Tax-Exempt Bond Fund | $223,221 | $— | $223,221 | |||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 9,677,042 | — | 9,677,042 | |||||||||
Seix Ultra-Short Bond Fund | 98,445 | 113,140 | 211,585 |
As of March 31, 2015, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:
Fund | Expiring 2016 | Expiring 2017 | Expiring 2018 | Expiring 2019 | Expiring 2020 | Total | ||||||||||||||||||
Seix Floating Rate High Income Fund | $— | $25,038,485 | $— | $— | $— | $25,038,485 | ||||||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | — | — | 1,162,838 | — | — | 1,162,838 | ||||||||||||||||||
Seix Limited Duration Fund* | — | — | 829,060 | — | — | 829,060 | ||||||||||||||||||
Seix Short-Term Bond Fund | — | — | 1,201,749 | — | — | 1,201,749 | ||||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | — | — | — | 8,408,484 | — | 8,408,484 | ||||||||||||||||||
Seix U.S. Mortgage Fund** | 695,758 | — | — | — | — | 695,758 | ||||||||||||||||||
Seix Ultra-Short Bond Fund | — | 202,726 | 1,362,740 | 451,224 | — | 2,016,690 |
* | Of the $830,682 of capital loss carryforwards subject to limitations due to an ownership change on June 30, 2013, $1,622 was utilized, and the remaining $829,060, will expire in 2018. |
** | Of the $773,622 of capital loss carryforwards subject to limitations due to an ownership change on January 31, 2014, $77,864 was utilized, and the remaining $695,758, 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.
129
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
During the fiscal year ended March 31, 2015, the following Funds utilized capital loss carryforwards as follows:
Fund | Amount | |||
Seix Core Bond Fund | $3,969,222 | |||
Seix Floating Rate High Income Fund | 11,675,291 | |||
Seix Georgia Tax-Exempt Bond Fund | 2,047,587 | |||
Seix High Grade Municipal Bond Fund | 143,983 | |||
Seix Limited Duration Fund | 1,622 | |||
Seix North Carolina Tax-Exempt Bond Fund | 736,445 | |||
Seix Short-Term Bond Fund | 218,649 | |||
Seix Total Return Bond Fund | 23,471,737 | |||
Seix U.S. Government Securities Ultra-Short Bond Fund | 3,311,700 | |||
Seix U.S. Mortgage Fund | 166,933 | |||
Seix Virginia Intermediate Municipal Bond Fund | 343,350 |
During the fiscal year ended March 31, 2015, the following Fund had capital loss carryforwards that expired in fiscal 2015 as follows:
Fund | Amount | |||
Seix Ultra-Short Bond Fund | $667,058 |
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, 2015, the following Funds had net capital losses:
Fund | Short Term | Long Term | Total | |||||||||
Seix Floating Rate High Income Fund | $12,013,274 | $10,202,085 | $22,215,359 | |||||||||
Seix High Income Fund | 13,775,359 | 7,680,630 | 21,455,989 | |||||||||
Seix High Yield Fund | 9,318,463 | 9,950,244 | 19,268,707 | |||||||||
Seix Limited Duration Fund | 91 | — | 91 | |||||||||
Seix Short-Term Bond Fund | 9,222 | — | 9,222 |
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, 2015, 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, 2015.
7. Reorganizations
On May 21, 2015, the Board approved the reorganization of the RidgeWorth Intermediate Bond Fund (the “Target Fund”) into the RidgeWorth Core Bond Fund (the “Acquiring Fund”), a separate series of the Trust. On the close of business on July 31, 2015, 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 | Shares Issued by the Acquiring Fund | Net Assets Prior to Reorganization | |||||||||
I Shares | 20,078,785 | 18,121,184 | $195,102,886 | |||||||||
A Shares | 345,825 | 312,495 | 3,363,629 | |||||||||
R Shares | 1,543 | 1,392 | 14,994 |
The appreciation of the acquired fund was $841,440 as of the date of the merger. The combined net assets of the Acquiring Fund immediately after the reorganization were $387,705,719.
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NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Assuming the acquisition had been completed on April 1, 2015, 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, 2015, were as follows:
Net Investment Income (Loss) | $3,264,202 | |||
Net Realized and Unrealized Gains/Losses on Investments | $(6,366,659 | ) | ||
Net Increase/Decrease in Net Assets resulting from Operations | $(3,102,457 | ) |
On May 21, 2015, the Board approved the reorganization of the RidgeWorth U.S. Government Securities Fund (the “Target Fund”) into the RidgeWorth Limited-Term Federal Mortgage Securities Fund (the “Acquiring Fund”), a separate series of the Trust. On August 1, 2015, the Acquiring Fund was renamed RidgeWorth Seix U.S. Mortgage Fund and acquired all of the net assets of the Target Fund in a taxable 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 | Shares Issued by the Acquiring Fund | Net Assets Prior to Reorganization | |||||||||
I Shares | 2,019,210 | 1,506,410 | $16,905,776 | |||||||||
A Shares | 65,853 | 49,212 | 551,248 | |||||||||
C Shares | 140,575 | 104,870 | 1,176,793 |
The appreciation (depreciation) of the acquired fund was $113,976 as of the date of the merger. The combined net assets of the Acquiring Fund immediately after the reorganization were $32,289,899.
Assuming the acquisition had been completed on April 1, 2015, 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, 2015, were as follows:
Net Investment Income (Loss) | $118,689 | |||
Net Realized and Unrealized Gains/Losses on Investments | $(293,367 | ) | ||
Net Increase/Decrease in Net Assets resulting from Operations | $(174,678 | ) |
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, 2015.
8. | Subsequent Events |
Management has evaluated subsequent events through the date these financial statements were available to be 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, 2015
(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); Atlanta Office Managing Partner (2003-2009), KPMG LLP. | 28 | Synovus Financial Corp.: Krispy Kreme Doughnuts, Inc. | |||||||
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 (National City Corp.) (2000-2006). | 28 | 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). | 28 | SUSA Registered Fund, LLC; Oxford Industries; Acuity Brands, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013); Genuine Parts Company (thru April 2015) | |||||||
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. | 28 | Total System Services, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; 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. | 28 | 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). | 28 | None |
* | Mr. Parikh is an “interested person” of the Trust, as defined in the 1940 Act, because he is an employee of the Investment Adviser. |
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS September 30, 2015
(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). | |||
Benjamin H. Lowe (March 1978) | Treasurer and Chief Financial Officer | One year; since 2015 | 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 2013 | Director, Foreside Compliance Services, LLC (October 2008–present). | |||
Karen Jacoppo-Wood State Street Bank and Trust Company 100 Huntington Avenue Tower 2, Third Floor, CPH0326 Boston, MA 02116 (December 1966) | Secretary and Chief Legal Officer | One year; since November 2014 | Vice President and Senior Counsel, State Street Bank and Trust Company (since 2014); Vice President, RMR Advisors, Inc/RMR Funds (2007–2014) | |||
Timothy J. Burdick State Street Bank and Trust Company 100 Huntington Avenue Tower 2, 3rd Floor, CPH0326 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. |
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RIDGEWORTH FUNDS September 30, 2015
(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, 2015 through September 30, 2015.
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 04/01/15 | Ending Account Value 09/30/15 | Expenses Paid During Period* 04/01/15-09/30/15 | Expense Ratio During Period** 04/01/15-09/30/15 | |||||||||||||||
Seix Core Bond Fund | I Shares | $1,000.00 | $991.10 | $2.29 | 0.46 | % | ||||||||||||||
A Shares | 1,000.00 | 990.10 | 3.28 | 0.66 | ||||||||||||||||
R Shares | 1,000.00 | 989.10 | 4.28 | 0.86 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 991.10 | 0.55 | 0.34 | |||||||||||||||
Seix Corporate Bond Fund | I Shares | 1,000.00 | 971.00 | 3.45 | 0.70 | |||||||||||||||
A Shares | 1,000.00 | 970.00 | 4.68 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 966.40 | 8.11 | 1.65 | ||||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 990.10 | 3.13 | 0.63 | |||||||||||||||
A Shares | 1,000.00 | 988.60 | 4.57 | 0.92 | ||||||||||||||||
C Shares | 1,000.00 | 985.70 | 7.50 | 1.51 | ||||||||||||||||
IS Shares | 1,000.00 | 990.60 | 2.54 | 0.51 | ||||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,004.80 | 3.26 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,004.40 | 3.71 | 0.74 | ||||||||||||||||
Seix High Grade Municipal Bond Fund | I Shares | 1,000.00 | 1,004.00 | 3.26 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,004.20 | 3.96 | 0.79 | ||||||||||||||||
Seix High Income Fund | I Shares | 1,000.00 | 942.60 | 3.79 | 0.78 | |||||||||||||||
A Shares | 1,000.00 | 941.60 | 4.95 | 1.02 | ||||||||||||||||
R Shares | 1,000.00 | 940.60 | 5.92 | 1.22 | ||||||||||||||||
IS Shares | 1,000.00 | 941.90 | 3.06 | 0.63 | ||||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 954.80 | 2.98 | 0.61 | |||||||||||||||
A Shares | 1,000.00 | 954.30 | 4.10 | 0.84 | ||||||||||||||||
R Shares | 1,000.00 | 953.80 | 5.13 | 1.05 | ||||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,002.10 | 3.25 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,001.40 | 4.00 | 0.80 | ||||||||||||||||
Seix Limited Duration Fund | I Shares | 1,000.00 | 1,000.90 | 1.75 | 0.35 | |||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,004.50 | 3.26 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,004.80 | 3.96 | 0.79 | ||||||||||||||||
Seix Short-Term Bond Fund | I Shares | 1,000.00 | 1,002.20 | 3.00 | 0.60 | |||||||||||||||
A Shares | 1,000.00 | 1,001.20 | 4.00 | 0.80 | ||||||||||||||||
C Shares | 1,000.00 | 999.00 | 6.20 | 1.24 | ||||||||||||||||
Seix Short-Term Municipal Bond Fund | I Shares | 1,000.00 | 1,001.10 | 2.65 | 0.53 | |||||||||||||||
A Shares | 1,000.00 | 1,000.30 | 3.45 | 0.69 | ||||||||||||||||
Seix Total Return Bond Fund | I Shares | 1,000.00 | 992.80 | 2.24 | 0.45 | |||||||||||||||
A Shares | 1,000.00 | 991.20 | 3.48 | 0.70 | ||||||||||||||||
R Shares | 1,000.00 | 989.80 | 5.27 | 1.06 | ||||||||||||||||
IS Shares | 1,000.00 | 994.40 | 1.55 | 0.31 | ||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,000.70 | 2.05 | 0.41 | |||||||||||||||
Seix U.S. Mortgage Fund | I Shares | 1,000.00 | 1,003.20 | 3.51 | 0.70 | |||||||||||||||
A Shares | 1,000.00 | 1,003.00 | 4.51 | 0.90 | ||||||||||||||||
C Shares | 1,000.00 | 998.40 | 8.24 | 1.65 |
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ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Fund | Class | Beginning Account Value 04/01/15 | Ending Account Value 09/30/15 | Expenses Paid During Period* 04/01/15-09/30/15 | Expense Ratio During Period** 04/01/15-09/30/15 | |||||||||||||||
Seix Ultra-Short Bond Fund | I Shares | $ | 1,000.00 | $ 999.90 | $ | 1.95 | 0.39 | % | ||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,004.80 | 3.26 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,005.20 | 3.76 | 0.75 |
* | 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 for Seix Core Bond Fund commenced operations on August 3, 2015. Expenses are equal to annualized expense ratio, multiplied by the average account value over the period, multiplied by 59 (the number of days since the commencement of the Class on August 3, 2015), then divided by 366. |
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 04/01/15 | Ending Account Value 09/30/15 | Expenses Paid During Period* 04/01/15-09/30/15 | Expense Ratio During Period** 04/01/15-09/30/15 | |||||||||||||||
Seix Core Bond Fund | I Shares | $1,000.00 | $1,022.70 | $2.33 | 0.46 | % | ||||||||||||||
A Shares | 1,000.00 | 1,021.70 | 3.34 | 0.66 | ||||||||||||||||
R Shares | 1,000.00 | 1,020.70 | 4.34 | 0.86 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,007.51 | 0.55 | 0.34 | |||||||||||||||
Seix Corporate Bond Fund | I Shares | 1,000.00 | 1,021.50 | 3.54 | 0.70 | |||||||||||||||
A Shares | 1,000.00 | 1,020.30 | 4.80 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.80 | 8.32 | 1.65 | ||||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 1,021.90 | 3.18 | 0.63 | |||||||||||||||
A Shares | 1,000.00 | 1,020.40 | 4.65 | 0.92 | ||||||||||||||||
C Shares | 1,000.00 | 1,017.50 | 7.62 | 1.51 | ||||||||||||||||
IS Shares | 1,000.00 | 1,022.45 | 2.58 | 0.51 | ||||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.30 | 3.74 | 0.74 | ||||||||||||||||
Seix 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 | 3.99 | 0.79 | ||||||||||||||||
Seix High Income Fund | I Shares | 1,000.00 | 1,021.10 | 3.94 | 0.78 | |||||||||||||||
A Shares | 1,000.00 | 1,019.90 | 5.15 | 1.02 | ||||||||||||||||
R Shares | 1,000.00 | 1,018.90 | 6.16 | 1.22 | ||||||||||||||||
IS Shares | 1,000.00 | 1,021.85 | 3.18 | 0.63 | ||||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 1,022.00 | 3.08 | 0.61 | |||||||||||||||
A Shares | 1,000.00 | 1,020.80 | 4.24 | 0.84 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.80 | 5.30 | 1.05 | ||||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.00 | 4.04 | 0.80 | ||||||||||||||||
Seix Limited Duration Fund | I Shares | 1,000.00 | 1,023.30 | 1.77 | 0.35 | |||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.10 | 3.99 | 0.79 | ||||||||||||||||
Seix Short-Term Bond Fund | I Shares | 1,000.00 | 1,022.00 | 3.03 | 0.60 | |||||||||||||||
A Shares | 1,000.00 | 1,021.00 | 4.04 | 0.80 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.80 | 6.26 | 1.24 | ||||||||||||||||
Seix Short-Term Municipal Bond Fund | I Shares | 1,000.00 | 1,022.40 | 2.68 | 0.53 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.49 | 0.69 |
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ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS September 30, 2015
(Unaudited)
Fund | Class | Beginning Account Value 04/01/15 | Ending Account Value 09/30/15 | Expenses Paid During Period* 04/01/15-09/30/15 | Expense Ratio During Period** 04/01/15-09/30/15 | |||||||||||||||
Seix Total Return Bond Fund | I Shares | $ | 1,000.00 | $ | 1,022.80 | $ | 2.28 | 0.45 | % | |||||||||||
A Shares | 1,000.00 | 1,021.50 | 3.54 | 0.70 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.70 | 5.35 | 1.06 | ||||||||||||||||
IS Shares | 1,000.00 | 1,023.45 | 1.57 | 0.31 | ||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.00 | 2.07 | 0.41 | |||||||||||||||
Seix U.S. Mortgage Fund | I Shares | 1,000.00 | 1,021.50 | 3.54 | 0.70 | |||||||||||||||
A Shares | 1,000.00 | 1,020.50 | 4.55 | 0.90 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.80 | 8.32 | 1.65 | ||||||||||||||||
Seix Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.10 | 1.97 | 0.39 | |||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.30 | 3.79 | 0.75 |
* | 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 for Seix Core Bond Fund commenced operations on August 3, 2015. Expenses (hypothetical expenses if IS Shares had been in existence from April 1, 2015) 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 366. |
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 SUBADVISER:
Seix Investment Advisors LLC
One Maynard Drive
Suite 3200
Park Ridge, NJ USA 07656
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-0915
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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 1, 2015 |
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 1, 2015 |
By: | /s/ Benjamin H. Lowe | |
Benjamin H. Lowe | ||
Treasurer | ||
Date: | December 1, 2015 |