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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 1111 Pennsylvania Avenue, NW Washington, DC 20004 |
Registrant’s telephone number, including area code: 1-888-784-3863
Date of fiscal year end: March 31
Date of reporting period: September 30, 2016
Table of Contents
Item 1. Reports to Shareholders.
Table of Contents
2016 SEMI-ANNUAL REPORT
EQUITY FUNDS
SEPTEMBER 30, 2016
RidgeWorth Investments is the trade name of RidgeWorth Capital Management LLC.
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RIDGEWORTH FUNDS September 30, 2016
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RIDGEWORTH FUNDS September 30, 2016
Dear Valued Shareholder,
We sincerely thank you for your continued business and support. Our primary objective is to help you achieve your investment goals, and we are grateful you have placed your confidence in us. We aim to earn your trust through competitive investment performance and excellent client service. We hope we have met your expectations in both of these measures, and we look forward to continuing to serve as your asset manager in the months and years to come.
Economic growth continued its steady, though subdued, pace over the last six months, while employment numbers strengthened. In addition, inflation moved closer to target, likely spurred by a revival in commodity prices, and wages ticked up. On the business side, capacity utilization improved and inventory levels fell, which is a positive sign moving forward. Meanwhile, consumers helped buoy automobile sales and kept the housing market on firm ground. While none of these indicators alone were exceptionally strong, together they provided steady economic progress. We are cautiously optimistic that those trends may continue.
Economic headwinds also persisted, though there were many concerns about both the U.S. and global economies. The Brexit vote in July added stress to an EU economy already feeling anxiety over the health of its banking system. Political turbulence in Italy brought additional uncertainty, and the immigration crisis continued to strain many EU nations. The Middle East remained a flashpoint, with the failed attempts to quell fighting in Syria receiving most of the headlines. More broadly, the International Monetary Fund downgraded its global economic forecast.
Domestically, the U.S. economy was buffeted by a volatile presidential campaign and the resultant uncertainty looming about the post-election congressional make-up. In addition, the markets are watching for a possible Federal Reserve (“Fed”) rate increase at the end of the year. Finally, worries about fiscal policy, especially challenges facing healthcare exchanges under the Affordable Care Act, also have muddied the waters.
However, many of these concerns, both domestic and international, have been present during the current growth cycle and they have not deterred the growth, albeit slow, of the U.S. economy. Indeed, the economy has continued to march along at a steady, though uninspired, pace. Our cautious optimism stems, in part, from this track record.
The U.S. central bank is reconsidering the effectiveness of monetary policy in a low-rate environment. Messages coming out of the Jackson Hole Economic Policy Symposium in August suggest that the Fed, along with its counterparts around the world, are thinking hard about how much more they can do to encourage economic growth. Even so, Fed action, or inaction, still matters to markets and all eyes will be on the Fed during its first post-election meeting in December.
Over the coming months, we believe bond yields will remain low, which may assist the markets to continue their upward trend, though with increased volatility. In addition, with absolute valuations somewhat elevated but still attractive compared with relative historic valuations, we believe the current market trends could continue.
Our cautious optimism for the economy and our steady outlook for equity markets derive, in large part, from the favorable trends described above. These steady trends should provide opportunities to investors. RidgeWorth’s bottom-up approach to security selection is well positioned to take advantage of those opportunities. We wish to thank you again for the trust and confidence you have placed in us, and we look forward to another successful year together.
Sincerely,
Ashi Parikh
Chief Executive Officer, Chief Investment Officer
RidgeWorth Investments
1
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INVESTMENT WEIGHTINGS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Capital Innovations Global Resources and Infrastructure Fund | ||||
Materials | 57.9% | |||
Energy | 35.2% | |||
Consumer Staples | 3.2% | |||
Industrials | 1.9% | |||
Financials | 1.5% | |||
Money Market Fund | 0.3% | |||
Ceredex Large Cap Value Equity Fund† | ||||
Financials | 24.4% | |||
Energy | 14.0% | |||
Health Care | 13.8% | |||
Information Technology | 13.6% | |||
Industrials | 11.5% | |||
Consumer Discretionary | 7.6% | |||
Consumer Staples | 3.8% | |||
Materials | 3.3% | |||
Telecommunication Services | 3.0% | |||
Utilities | 1.5% | |||
Money Market Funds | 3.5% | |||
Ceredex Mid-Cap Value Equity Fund† | ||||
Financials | 30.5% | |||
Industrials | 12.4% | |||
Energy | 11.8% | |||
Information Technology | 9.3% | |||
Health Care | 9.3% | |||
Utilities | 8.6% | |||
Consumer Discretionary | 7.2% | |||
Materials | 6.3% | |||
Consumer Staples | 2.0% | |||
Money Market Funds | 2.6% | |||
Ceredex Small Cap Value Equity Fund† | ||||
Industrials | 27.9% | |||
Financials | 23.2% | |||
Consumer Discretionary | 17.4% | |||
Consumer Staples | 9.2% | |||
Information Technology | 8.5% | |||
Health Care | 5.9% | |||
Utilities | 3.2% | |||
Materials | 3.1% | |||
Energy | 0.3% | |||
Money Market Fund | 1.3% | |||
Innovative Growth Stock Fund†† | ||||
Information Technology | 33.3% | |||
Consumer Discretionary | 30.7% | |||
Health Care | 19.8% | |||
Industrials | 7.6% | |||
Financials | 7.4% | |||
Consumer Staples | 1.0% | |||
Money Market Fund | 0.2% |
International Equity Fund | ||||
Information Technology | 19.6% | |||
Health Care | 17.2% | |||
Consumer Staples | 14.4% | |||
Consumer Discretionary | 14.4% | |||
Industrials | 9.8% | |||
Financials | 9.2% | |||
Materials | 5.0% | |||
Energy | 3.0% | |||
Money Market Funds | 7.4% | |||
Silvant Large Cap Growth Stock Fund††† | ||||
Information Technology | 32.9% | |||
Consumer Discretionary | 25.1% | |||
Health Care | 15.6% | |||
Industrials | 8.2% | |||
Consumer Staples | 6.6% | |||
Financials | 4.2% | |||
Energy | 3.0% | |||
Materials | 1.7% | |||
Money Market Funds | 2.7% | |||
Silvant Small Cap Growth Stock Fund††† | ||||
Health Care | 23.3% | |||
Information Technology | 22.2% | |||
Industrials | 14.7% | |||
Consumer Discretionary | 11.2% | |||
Financials | 5.8% | |||
Materials | 5.0% | |||
Consumer Staples | 3.2% | |||
Telecommunication Services | 1.6% | |||
Energy | 1.4% | |||
Money Market Funds | 11.6% | |||
Aggressive Growth Allocation Strategy | ||||
Equity Funds | 69.4% | |||
Exchange Traded Funds | 22.9% | |||
Fixed Income Funds | 6.8% | |||
Money Market Fund | 0.9% | |||
Conservative Allocation Strategy | ||||
Fixed Income Funds | 39.2% | |||
Exchange Traded Funds | 30.3% | |||
Equity Funds | 29.8% | |||
Money Market Fund | 0.7% | |||
Growth Allocation Strategy | ||||
Equity Funds | 62.0% | |||
Exchange Traded Funds | 23.1% | |||
Fixed Income Funds | 14.1% | |||
Money Market Fund | 0.8% | |||
Investment weightings is subject to change.
2
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INVESTMENT WEIGHTINGS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Moderate Allocation Strategy | ||||
Equity Funds | 46.1% | |||
Exchange Traded Funds | 27.9% | |||
Fixed Income Funds | 25.3% | |||
Money Market Fund | 0.7% |
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
†† | Formerly Aggressive Growth Stock Fund. |
††† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Silvant”. |
Investment weightings is subject to change.
3
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Capital Innovations Global Resources and Infrastructure Fund
Shares | Value($) | |||||||
Common Stocks 97.9% | ||||||||
Consumer Staples 3.2% | ||||||||
Adecoagro SA* | 4,150 | 47,352 | ||||||
Archer-Daniels-Midland Co. | 1,370 | 57,773 | ||||||
Bunge Ltd. | 605 | 35,834 | ||||||
|
| |||||||
140,959 | ||||||||
|
| |||||||
Energy 34.5% | ||||||||
Anadarko Petroleum Corp. | 2,535 | 160,618 | ||||||
BP PLC SP ADR | 3,415 | 120,071 | ||||||
Cameco Corp. | 2,250 | 19,260 | ||||||
Canadian Natural Resources Ltd. | 1,030 | 33,001 | ||||||
ConocoPhillips | 820 | 35,645 | ||||||
Eni SpA SP ADR | 550 | 15,879 | ||||||
Exxon Mobil Corp. | 1,420 | 123,938 | ||||||
Fairmount Santrol Holdings, Inc.* | 6,540 | 55,459 | ||||||
Gazprom PJSC SP ADR | 8,550 | 36,166 | ||||||
Halliburton Co. | 2,650 | 118,932 | ||||||
Lukoil PJSC SP ADR | 785 | 38,253 | ||||||
Nabors Industries Ltd. | 7,875 | 95,760 | ||||||
Occidental Petroleum Corp. | 600 | 43,752 | ||||||
PetroChina Co. Ltd. ADR | 450 | 30,060 | ||||||
Petroleo Brasileiro SA SP ADR* | 2,095 | 19,546 | ||||||
Pioneer Natural Resources Co. | 655 | 121,601 | ||||||
PrairieSky Royalty Ltd. | 20 | 408 | ||||||
Royal Dutch Shell PLC SP ADR | 1,415 | 70,849 | ||||||
Sasol Ltd. SP ADR | 2,650 | 72,398 | ||||||
Schlumberger Ltd. | 800 | 62,912 | ||||||
Suncor Energy, Inc. | 3,110 | 86,396 | ||||||
Total SA SP ADR | 2,374 | 113,240 | ||||||
Valero Energy Corp. | 1,220 | 64,660 | ||||||
|
| |||||||
1,538,804 | ||||||||
|
| |||||||
Financials 1.5% | ||||||||
Weyerhaeuser Co., REIT | 2,130 | 68,032 | ||||||
|
| |||||||
Industrials 1.9% |
| |||||||
Deere & Co. | 970 | 82,790 | ||||||
|
| |||||||
Materials 56.8% |
| |||||||
Agrium, Inc. | 900 | 81,621 | ||||||
Albemarle Corp. | 645 | 55,141 | ||||||
Alcoa, Inc. | 6,825 | 69,205 | ||||||
ArcelorMittal* | 10,720 | 64,749 | ||||||
Barrick Gold Corp. | 8,040 | 142,469 | ||||||
BHP Billiton Ltd. SP ADR | 5,845 | 202,529 | ||||||
CF Industries Holdings, Inc. | 3,865 | 94,113 | ||||||
E.I. du Pont de Nemours & Co. | 1,060 | 70,988 | ||||||
Freeport-McMoRan, Inc. | 6,000 | 65,160 | ||||||
Glencore PLC* | 57,000 | 156,737 | ||||||
Goldcorp, Inc. | 4,385 | 72,440 | ||||||
International Paper Co. | 1,175 | 56,376 | ||||||
KapStone Paper and Packaging Corp. | 5,955 | 112,669 |
Shares | Value($) | |||||||
Materials—continued |
| |||||||
LyondellBasell Industries NV, Cl A | 535 | 43,153 | ||||||
Martin Marietta Materials, Inc. | 520 | 93,137 | ||||||
Monsanto Co. | 1,090 | 111,398 | ||||||
Mosaic Co. (The) | 1,710 | 41,827 | ||||||
Newmont Mining Corp. | 2,795 | 109,816 | ||||||
Nucor Corp. | 2,000 | 98,900 | ||||||
Packaging Corp. of America | 810 | 65,821 | ||||||
Platinum Group Metals Ltd.* | 6,700 | 18,358 | ||||||
Potash Corp. of Saskatchewan, Inc. | 4,140 | 67,565 | ||||||
Rio Tinto PLC SP ADR | 2,600 | 86,840 | ||||||
Silver Wheaton Corp. | 2,640 | 71,359 | ||||||
Smurfit Kappa Group PLC | 3,000 | 66,804 | ||||||
Southern Copper Corp. | 735 | 19,330 | ||||||
Steel Dynamics, Inc. | 2,860 | 71,471 | ||||||
United States Steel Corp. | 5,445 | 102,693 | ||||||
Vale SA SP ADR | 5,000 | 27,500 | ||||||
West Fraser Timber Co. Ltd. | 1,630 | 50,231 | ||||||
WestRock Co. | 2,260 | 109,565 | ||||||
Yamana Gold, Inc. | 7,500 | 32,325 | ||||||
|
| |||||||
2,532,290 | ||||||||
|
| |||||||
Total Common Stocks | 4,362,875 | |||||||
|
| |||||||
Money Market Fund 0.3% | ||||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(a) | 13,125 | 13,125 | ||||||
|
| |||||||
Total Money Market Fund | 13,125 | |||||||
|
| |||||||
Total Investments | 4,376,000 | |||||||
Other Assets in Excess of Liabilities — 1.8% | 79,268 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 4,455,268 | ||||||
|
|
* | Non-income producing security. |
(a) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
Investment Abbreviation
ADR | — | American Depositary Receipt | ||
REIT | — | Real Estate Investment Trust | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Ceredex Large Cap Value Equity Fund†
Shares | Value($) | |||||||
Common Stocks 97.5% | ||||||||
Consumer Discretionary 7.7% |
| |||||||
Comcast Corp., Cl A | 936,586 | 62,133,115 | ||||||
Johnson Controls International PLC | 958,356 | 44,592,305 | ||||||
Macy’s, Inc. | 756,753 | 28,037,699 | ||||||
Walt Disney Co. (The) | 295,970 | 27,483,774 | ||||||
|
| |||||||
162,246,893 | ||||||||
|
| |||||||
Consumer Staples 3.8% |
| |||||||
ConAgra Foods, Inc. | 242,920 | 11,443,961 | ||||||
Procter & Gamble Co. (The) | 772,283 | 69,312,399 | ||||||
|
| |||||||
80,756,360 | ||||||||
|
| |||||||
Energy 14.1% |
| |||||||
Chevron Corp. | 751,994 | 77,395,222 | ||||||
EOG Resources, Inc. | 396,444 | 38,340,099 | ||||||
Exxon Mobil Corp. | 876,355 | 76,488,264 | ||||||
Royal Dutch Shell PLC SP ADR, | 855,690 | 45,206,103 | ||||||
Schlumberger Ltd. | 773,565 | 60,833,152 | ||||||
|
| |||||||
298,262,840 | ||||||||
|
| |||||||
Financials 24.8% |
| |||||||
Allstate Corp. (The) | 393,583 | 27,228,072 | ||||||
Aon PLC | 244,325 | 27,484,119 | ||||||
BlackRock, Inc. | 117,361 | 42,538,668 | ||||||
Chubb Ltd. | 461,574 | 57,996,773 | ||||||
Citigroup, Inc. | 1,154,890 | 54,545,455 | ||||||
Crown Castle International Corp., REIT | 288,153 | 27,146,894 | ||||||
Hartford Financial Services Group, Inc. (The) | 618,850 | 26,499,157 | ||||||
JPMorgan Chase & Co. | 783,700 | 52,186,583 | ||||||
MetLife, Inc. | 592,905 | 26,342,769 | ||||||
Progressive Corp. (The) | 1,008,920 | 31,780,980 | ||||||
Public Storage, REIT | 121,151 | 27,033,634 | ||||||
U.S. Bancorp | 1,243,273 | 53,323,979 | ||||||
Wells Fargo & Co. | 902,038 | 39,942,243 | ||||||
Willis Towers Watson PLC | 222,045 | 29,480,915 | ||||||
|
| |||||||
523,530,241 | ||||||||
|
| |||||||
Health Care 14.0% |
| |||||||
Agilent Technologies, Inc. | 573,905 | 27,025,187 | ||||||
Bristol-Myers Squibb Co. | 787,333 | 42,452,995 | ||||||
Cigna Corp. | 432,392 | 56,349,325 | ||||||
Johnson & Johnson | 587,444 | 69,394,760 | ||||||
Pfizer, Inc. | 916,460 | 31,040,500 | ||||||
UnitedHealth Group, Inc. | 492,645 | 68,970,300 | ||||||
|
| |||||||
295,233,067 | ||||||||
|
| |||||||
Industrials 11.6% |
| |||||||
CSX Corp. | 1,312,525 | 40,032,013 | ||||||
Delta Air Lines, Inc. | 884,080 | 34,797,389 |
Shares | Value($) | |||||||
Industrials—continued |
| |||||||
FedEx Corp. | 234,074 | 40,888,046 | ||||||
General Electric Co. | 1,940,516 | 57,478,084 | ||||||
Honeywell International, Inc. | 322,621 | 37,614,382 | ||||||
United Technologies Corp. | 332,130 | 33,744,408 | ||||||
|
| |||||||
244,554,322 | ||||||||
|
| |||||||
Information Technology 13.7% |
| |||||||
Applied Materials, Inc. | 1,502,992 | 45,315,209 | ||||||
Cisco Systems, Inc. | 1,514,409 | 48,037,054 | ||||||
Intel Corp. | 1,557,783 | 58,806,308 | ||||||
Microsoft Corp. | 1,199,837 | 69,110,611 | ||||||
Oracle Corp. | 1,073,179 | 42,154,471 | ||||||
Texas Instruments, Inc. | 380,682 | 26,716,263 | ||||||
|
| |||||||
290,139,916 | ||||||||
|
| |||||||
Materials 3.3% |
| |||||||
Dow Chemical Co. (The) | 717,247 | 37,174,912 | ||||||
PPG Industries, Inc. | 313,410 | 32,394,058 | ||||||
|
| |||||||
69,568,970 | ||||||||
|
| |||||||
Telecommunication Services 3.0% |
| |||||||
Verizon Communications, Inc. | 1,219,831 | 63,406,815 | ||||||
|
| |||||||
Utilities 1.5% |
| |||||||
NextEra Energy, Inc. | 269,659 | 32,984,689 | ||||||
|
| |||||||
Total Common Stocks | 2,060,684,113 | |||||||
|
| |||||||
Money Market Funds 3.5% |
| |||||||
State Street Institutional Liquid Reserves Fund, Premier Class, 0.40%(b) | 72,636,861 | 72,636,861 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(b)(c) | 1,053,000 | 1,053,000 | ||||||
|
| |||||||
Total Money Market Funds | 73,689,861 | |||||||
|
| |||||||
Total Investments |
| 2,134,373,974 | ||||||
Liabilities in Excess of Other Assets — (1.0)% |
| (21,378,574 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 2,112,995,400 | ||||||
|
|
See Notes to Financial Statements.
5
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Ceredex Large Cap Value Equity Fund† — concluded
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
(a) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $1,030,185. |
(b) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(c) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(g)). |
Investment Abbreviation
REIT | — | Real Estate Investment Trust | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
6
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Ceredex Mid-Cap Value Equity Fund†
Shares | Value($) | |||||||
Common Stocks 98.9% | ||||||||
Consumer Discretionary 7.3% |
| |||||||
Hanesbrands, Inc. | 2,500,000 | 63,125,000 | ||||||
Harley-Davidson, Inc. | 320,000 | 16,828,800 | ||||||
Johnson Controls International PLC | 1,065,000 | 49,554,450 | ||||||
Marriott International, Inc., Cl A | 610,000 | 41,071,300 | ||||||
Ralph Lauren Corp. | 635,000 | 64,223,900 | ||||||
|
| |||||||
234,803,450 | ||||||||
|
| |||||||
Consumer Staples 2.0% |
| |||||||
Campbell Soup Co. | 500,000 | 27,350,000 | ||||||
ConAgra Foods, Inc. | 815,000 | 38,394,650 | ||||||
|
| |||||||
65,744,650 | ||||||||
|
| |||||||
Energy 12.0% |
| |||||||
Baker Hughes, Inc. | 1,200,000 | 60,564,000 | ||||||
Cabot Oil & Gas Corp. | 1,400,000 | 36,120,000 | ||||||
Devon Energy Corp. | 1,150,000 | 50,726,500 | ||||||
Marathon Petroleum Corp. | 1,250,000 | 50,737,500 | ||||||
Noble Energy, Inc. | 1,400,000 | 50,036,000 | ||||||
Patterson-UTI Energy, Inc. | 1,800,000 | 40,266,000 | ||||||
Pioneer Natural Resources Co. | 270,000 | 50,125,500 | ||||||
Williams Cos., Inc. (The) | 1,535,000 | 47,170,550 | ||||||
|
| |||||||
385,746,050 | ||||||||
|
| |||||||
Financials 31.0% |
| |||||||
Allstate Corp. (The) | 900,000 | 62,262,000 | ||||||
American Campus Communities, Inc., REIT | 450,000 | 22,891,500 | ||||||
Ameriprise Financial, Inc. | 400,000 | 39,908,000 | ||||||
BankUnited, Inc. | 1,675,000 | 50,585,000 | ||||||
Citizens Financial Group, Inc. | 2,300,000 | 56,833,000 | ||||||
CyrusOne, Inc., REIT | 520,000 | 24,736,400 | ||||||
Hartford Financial Services Group, Inc. (The) | 2,185,000 | 93,561,700 | ||||||
KeyCorp | 4,650,000 | 56,590,500 | ||||||
Lazard Ltd., Cl A | 2,236,600 | 81,322,776 | ||||||
Life Storage, Inc., REIT | 370,000 | 32,907,800 | ||||||
MB Financial, Inc. | 1,200,000 | 45,648,000 | ||||||
Mid-America Apartment Communities, Inc., REIT | 350,000 | 32,896,500 | ||||||
Parkway Properties, Inc., REIT | 1,950,000 | 33,169,500 | ||||||
Progressive Corp. (The) | 1,950,000 | 61,425,000 | ||||||
Synchrony Financial | 1,550,000 | 43,400,000 | ||||||
Weyerhaeuser Co., REIT | 1,615,000 | 51,583,100 | ||||||
Willis Towers Watson PLC | 475,000 | 63,065,750 | ||||||
XL Group Ltd. | 2,750,000 | 92,482,500 | ||||||
Zions Bancorp. | 1,750,000 | 54,285,000 | ||||||
|
| |||||||
999,554,026 | ||||||||
|
|
Shares | Value($) | |||||||
Health Care 9.4% | ||||||||
Agilent Technologies, Inc. | 1,000,000 | 47,090,000 | ||||||
Cigna Corp. | 1,030,000 | 134,229,600 | ||||||
Humana, Inc. | 400,000 | 70,756,000 | ||||||
STERIS PLC | 715,000 | 52,266,500 | ||||||
|
| |||||||
304,342,100 | ||||||||
|
| |||||||
Industrials 12.6% | ||||||||
Alaska Air Group, Inc. | 665,000 | 43,796,900 | ||||||
Allison Transmission Holdings, Inc. | 1,175,000 | 33,699,000 | ||||||
AMETEK, Inc. | 860,000 | 41,090,800 | ||||||
Delta Air Lines, Inc. | 1,240,000 | 48,806,400 | ||||||
Donaldson Co., Inc. | 535,000 | 19,971,550 | ||||||
Fortive Corp. | 815,000 | 41,483,500 | ||||||
Hubbell, Inc. | 200,000 | 21,548,000 | ||||||
Lincoln Electric Holdings, Inc. | 220,000 | 13,776,400 | ||||||
Macquarie Infrastructure Corp. | 350,000 | 29,134,000 | ||||||
Pentair PLC | 700,000 | 44,968,000 | ||||||
Rockwell Automation, Inc. | 140,000 | 17,127,600 | ||||||
Rockwell Collins, Inc. | 200,000 | 16,868,000 | ||||||
Textron, Inc. | 820,000 | 32,595,000 | ||||||
|
| |||||||
404,865,150 | ||||||||
|
| |||||||
Information Technology 9.5% |
| |||||||
Analog Devices, Inc. | 820,000 | 52,849,000 | ||||||
Applied Materials, Inc. | 1,650,000 | 49,747,500 | ||||||
Cypress Semiconductor Corp.(a) | 6,800,000 | 82,688,000 | ||||||
Harris Corp. | 655,000 | 60,004,550 | ||||||
NetApp, Inc. | 1,050,000 | 37,611,000 | ||||||
Western Digital Corp.(a) | 375,000 | 21,926,250 | ||||||
|
| |||||||
304,826,300 | ||||||||
|
| |||||||
Materials 6.4% | ||||||||
Ashland Global Holdings, Inc. | 135,000 | 15,653,250 | ||||||
Eagle Materials, Inc. | 470,000 | 36,331,000 | ||||||
International Paper Co. | 500,000 | 23,990,000 | ||||||
Martin Marietta Materials, Inc. | 110,000 | 19,702,100 | ||||||
PPG Industries, Inc. | 465,000 | 48,062,400 | ||||||
Sherwin-Williams Co. (The) | 150,000 | 41,499,000 | ||||||
Valvoline, Inc.*(a) | 900,000 | 21,141,000 | ||||||
|
| |||||||
206,378,750 | ||||||||
|
| |||||||
Utilities 8.7% | ||||||||
Edison International | 450,000 | 32,512,500 | ||||||
Exelon Corp. | 1,200,000 | 39,948,000 | ||||||
Great Plains Energy, Inc. | 960,000 | 26,198,400 | ||||||
NextEra Energy Partners LP | 1,950,000 | 54,541,500 |
See Notes to Financial Statements.
7
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Ceredex Mid-Cap Value Equity Fund† — concluded
Shares | Value($) | |||||||
Utilities—continued | ||||||||
PG&E Corp. | 1,050,000 | 64,228,500 | ||||||
Sempra Energy | 600,000 | 64,314,000 | ||||||
|
| |||||||
281,742,900 | ||||||||
|
| |||||||
Total Common Stocks | 3,188,003,376 | |||||||
|
| |||||||
Money Market Funds 2.6% |
| |||||||
State Street Institutional Liquid Reserves Fund, Premier Class, 0.40%(b) | 81,889,073 | 81,889,073 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(b)(c) | 3,968,035 | 3,968,035 | ||||||
|
| |||||||
Total Money Market Funds | 85,857,108 | |||||||
|
| |||||||
Total Investments |
| 3,273,860,484 | ||||||
Liabilities in Excess of Other Assets — (1.5)% | (49,281,463 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 3,224,579,021 | ||||||
|
|
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $10,808,218. |
(b) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(c) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $11,093,081. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,125,045. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(g)). |
Investment Abbreviation
REIT — Real Estate Investment Trust
See Notes to Financial Statements.
8
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Ceredex Small Cap Value Equity Fund†
Shares | Value($) | |||||||
Common Stocks 98.9% | ||||||||
Consumer Discretionary 17.5% |
| |||||||
AMC Entertainment Holdings, Inc., Cl A | 863,540 | 26,847,459 | ||||||
Chico’s FAS, Inc. | 975,400 | 11,607,260 | ||||||
Guess?, Inc. | 1,069,154 | 15,620,340 | ||||||
HSN, Inc. | 513,460 | 20,435,708 | ||||||
Lithia Motors, Inc., Cl A | 71,630 | 6,842,098 | ||||||
Matthews International Corp., Cl A | 50,440 | 3,064,734 | ||||||
MDC Partners, Inc., Cl A | 239,800 | 2,570,656 | ||||||
Meredith Corp. | 10,190 | 529,778 | ||||||
Papa John’s International, Inc. | 248,700 | 19,609,995 | ||||||
Regal Entertainment Group, Cl A | 650,200 | 14,141,850 | ||||||
Ruth’s Hospitality Group, Inc. | 181,370 | 2,560,944 | ||||||
Scholastic Corp. | 207,790 | 8,178,614 | ||||||
Sonic Automotive, Inc., Cl A | 637,270 | 11,980,676 | ||||||
Thor Industries, Inc. | 173,695 | 14,711,967 | ||||||
Tupperware Brands Corp. | 67,500 | 4,412,475 | ||||||
Wolverine World Wide, Inc. | 20,500 | 472,115 | ||||||
|
| |||||||
163,586,669 | ||||||||
|
| |||||||
Consumer Staples 9.2% |
| |||||||
B&G Foods, Inc. | 589,200 | 28,976,856 | ||||||
Calavo Growers, Inc. | 23,600 | 1,544,148 | ||||||
Energizer Holdings, Inc. | 714,400 | 35,691,424 | ||||||
Inter Parfums, Inc. | 212,100 | 6,844,467 | ||||||
J&J Snack Foods Corp. | 40,800 | 4,860,096 | ||||||
PriceSmart, Inc. | 24,400 | 2,043,744 | ||||||
Sanderson Farms, Inc. | 66,001 | 6,357,876 | ||||||
|
| |||||||
86,318,611 | ||||||||
|
| |||||||
Energy 0.3% |
| |||||||
Bristow Group, Inc. | 214,360 | 3,005,327 | ||||||
|
| |||||||
Financials 23.3% |
| |||||||
Alexander & Baldwin, Inc. | 307,410 | 11,810,692 | ||||||
Banco Latinoamericano de Expectaciones SA, Cl E | 51,870 | 1,461,697 | ||||||
Bank of Hawaii Corp. | 259,240 | 18,826,009 | ||||||
Cohen & Steers, Inc. | 348,900 | 14,915,475 | ||||||
Evercore Partners, Inc., Cl A | 348,620 | 17,957,416 | ||||||
Hanover Insurance Group, Inc. (The) | 307,770 | 23,212,013 | ||||||
Horace Mann Educators Corp. | 361,400 | 13,245,310 | ||||||
Medical Properties Trust, Inc., REIT | 1,728,530 | 25,530,388 | ||||||
Monmouth Real Estate Investment Corp., REIT | 59,650 | 851,206 | ||||||
Oppenheimer Holdings, Inc., Cl A | 13,010 | 185,913 | ||||||
Outfront Media, Inc., REIT | 810,495 | 19,168,207 | ||||||
Parkway Properties, Inc., REIT | 615,750 | 10,473,907 |
Shares | Value($) | |||||||
Financials—continued |
| |||||||
Post Properties, Inc., REIT | 122,804 | 8,121,029 | ||||||
Primerica, Inc. | 376,900 | 19,987,007 | ||||||
Tanger Factory Outlet Centers, Inc., REIT | 321,800 | 12,537,328 | ||||||
Trust Co Bank Corp. NY | 218,450 | 1,548,811 | ||||||
UMB Financial Corp. | 305,950 | 18,188,727 | ||||||
|
| |||||||
218,021,135 | ||||||||
|
| |||||||
Health Care 5.9% |
| |||||||
Ensign Group, Inc. (The) | 149,040 | 3,000,175 | ||||||
Hill-Rom Holdings, Inc. | 475,130 | 29,448,558 | ||||||
Landauer, Inc. | 237,840 | 10,579,123 | ||||||
Phibro Animal Health Corp., Cl A | 464,000 | 12,611,520 | ||||||
|
| |||||||
55,639,376 | ||||||||
|
| |||||||
Industrials 27.9% |
| |||||||
AAR Corp. | 295,870 | 9,266,648 | ||||||
ABM Industries, Inc. | 416,227 | 16,524,212 | ||||||
Advanced Drainage Systems, Inc. | 11,200 | 269,472 | ||||||
Badger Meter, Inc. | 356,782 | 11,955,765 | ||||||
BWX Technologies, Inc. | 159,400 | 6,116,178 | ||||||
China Yuchai International Ltd. | 63,590 | 689,952 | ||||||
CLARCOR, Inc. | 334,550 | 21,745,750 | ||||||
Covanta Holding Corp. | 1,114,000 | 17,144,460 | ||||||
Cubic Corp. | 298,100 | 13,954,061 | ||||||
EMCOR Group, Inc. | 295,540 | 17,620,095 | ||||||
Forward Air Corp. | 393,100 | 17,005,506 | ||||||
Granite Construction, Inc. | 46,340 | 2,304,952 | ||||||
Herman Miller, Inc. | 648,280 | 18,540,808 | ||||||
Interface, Inc. | 141,361 | 2,359,315 | ||||||
ITT, Inc. | 135,757 | 4,865,531 | ||||||
Kelly Services, Inc., Cl A | 823,310 | 15,824,018 | ||||||
Kforce, Inc. | 326,400 | 6,687,936 | ||||||
Knoll, Inc. | 513,300 | 11,728,905 | ||||||
Luxfer Holdings PLC ADR | 165,710 | 1,920,579 | ||||||
MSA Safety, Inc. | 153,702 | 8,920,864 | ||||||
Mueller Water Products, Inc., Cl A | 1,685,830 | 21,157,166 | ||||||
Multi-Color Corp. | 109,900 | 7,253,400 | ||||||
NN, Inc. | 127,000 | 2,317,750 | ||||||
Sun Hydraulics Corp. | 27,020 | 871,935 | ||||||
Tennant Co. | 35,380 | 2,292,624 | ||||||
Tetra Tech, Inc. | 407,500 | 14,454,025 | ||||||
Viad Corp. | 202,590 | 7,469,493 | ||||||
|
| |||||||
261,261,400 | ||||||||
|
| |||||||
Information Technology 8.5% |
| |||||||
Black Box Corp. | 47,400 | 658,860 | ||||||
Daktronics, Inc. | 532,750 | 5,082,435 | ||||||
Fair Isaac Corp. | 402,750 | 50,178,622 | ||||||
Plantronics, Inc. | 460,560 | 23,930,698 | ||||||
|
| |||||||
79,850,615 | ||||||||
|
|
See Notes to Financial Statements.
9
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Ceredex Small Cap Value Equity Fund† — concluded
Shares | Value($) | |||||||
Materials 3.1% |
| |||||||
A. Schulman, Inc. | 9,200 | 267,904 | ||||||
Carpenter Technology Corp. | 205,600 | 8,483,056 | ||||||
Haynes International, Inc. | 101,330 | 3,760,356 | ||||||
Hecla Mining Co. | 2,846,540 | 16,225,278 | ||||||
|
| |||||||
28,736,594 | ||||||||
|
| |||||||
Utilities 3.2% |
| |||||||
ALLETE, Inc. | 175,740 | 10,477,619 | ||||||
California Water Service Group | 333,890 | 10,714,530 | ||||||
NorthWestern Corp. | 147,700 | 8,497,181 | ||||||
|
| |||||||
29,689,330 | ||||||||
|
| |||||||
Total Common Stocks | 926,109,057 | |||||||
|
| |||||||
Money Market Fund 1.3% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(a) | 12,459,071 | 12,459,071 | ||||||
|
| |||||||
Total Money Market Fund | 12,459,071 | |||||||
|
| |||||||
Total Investments |
| 938,568,128 | ||||||
Liabilities in Excess of Other Assets — (0.2)% | (1,910,303 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 936,657,825 | ||||||
|
|
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
(a) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
Investment Abbreviations
ADR | — | American Depositary Receipt | ||
REIT | — | Real Estate Investment Trust |
See Notes to Financial Statements.
10
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Innovative Growth Stock Fund†
Shares | Value($) | |||||||
Common Stocks 100.1% | ||||||||
Consumer Discretionary 30.7% | ||||||||
Amazon.com, Inc.* | 2,250 | 1,883,947 | ||||||
Chipotle Mexican Grill, Inc.* | 1,150 | 487,025 | ||||||
Lululemon Athletica, Inc.* | 6,800 | 414,664 | ||||||
Netflix, Inc.* | 13,700 | 1,350,135 | ||||||
Priceline Group, Inc. (The)* | 350 | 515,022 | ||||||
Shake Shack, Inc., Cl A* | 7,100 | 246,157 | ||||||
Starbucks Corp. | 7,000 | 378,980 | ||||||
Tesla Motors, Inc.* | 6,000 | 1,224,180 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 1,000 | 237,980 | ||||||
Under Armour, Inc., Cl A* | 11,300 | 437,084 | ||||||
Under Armour, Inc., Cl C* | 7,049 | 238,679 | ||||||
|
| |||||||
7,413,853 | ||||||||
|
| |||||||
Consumer Staples 1.0% | ||||||||
Amplify Snack Brands, Inc.* | 14,700 | 238,140 | ||||||
|
| |||||||
Financials 7.5% | ||||||||
Charles Schwab Corp. (The) | 26,500 | 836,605 | ||||||
First Republic Bank | 7,000 | 539,770 | ||||||
Signature Bank* | 3,550 | 420,498 | ||||||
|
| |||||||
1,796,873 | ||||||||
|
| |||||||
Health Care 19.9% | ||||||||
Alexion Pharmaceuticals, Inc.* | 4,400 | 539,176 | ||||||
BioMarin Pharmaceutical, Inc.* | 4,300 | 397,836 | ||||||
Celgene Corp.* | 9,000 | 940,770 | ||||||
DexCom, Inc.* | 5,750 | 504,045 | ||||||
Exact Sciences Corp.* | 26,100 | 484,677 | ||||||
Illumina, Inc.* | 2,700 | 490,482 | ||||||
Medidata Solutions, Inc.* | 8,650 | 482,324 | ||||||
Nevro Corp.* | 1,300 | 135,707 | ||||||
Regeneron Pharmaceuticals, Inc.* | 1,750 | 703,535 | ||||||
Zeltiq Aesthetics, Inc.* | 3,100 | 121,582 | ||||||
|
| |||||||
4,800,134 | ||||||||
|
|
Shares | Value($) | |||||||
Industrials 7.6% | ||||||||
Acuity Brands, Inc. | 1,500 | 396,900 | ||||||
XPO Logistics, Inc.* | 39,150 | 1,435,631 | ||||||
|
| |||||||
1,832,531 | ||||||||
|
| |||||||
Information Technology 33.4% | ||||||||
Adobe Systems, Inc.* | 2,200 | 238,788 | ||||||
Alphabet, Inc., Cl A* | 1,100 | 884,466 | ||||||
Ellie Mae, Inc.* | 7,000 | 737,100 | ||||||
Facebook, Inc., Cl A* | 10,700 | 1,372,489 | ||||||
MercadoLibre, Inc. | 5,200 | 961,844 | ||||||
Monolithic Power Systems, Inc. | 8,000 | 644,000 | ||||||
Palo Alto Networks, Inc.* | 6,500 | 1,035,645 | ||||||
Pandora Media, Inc.* | 32,100 | 459,993 | ||||||
Salesforce.com, Inc.* | 9,000 | 641,970 | ||||||
ServiceNow, Inc.* | 3,400 | 269,110 | ||||||
Zillow Group, Inc., Cl C* | 23,150 | 802,147 | ||||||
|
| |||||||
8,047,552 | ||||||||
|
| |||||||
Total Common Stocks | 24,129,083 | |||||||
|
| |||||||
Money Market Fund 0.2% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(a) | 53,929 | 53,929 | ||||||
|
| |||||||
Total Money Market Fund | 53,929 | |||||||
|
| |||||||
Total Investments | 24,183,012 | |||||||
Liabilities in Excess of Other Assets — (0.3)% | (74,230 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 24,108,782 | ||||||
|
|
† | Formerly Aggressive Growth Stock Fund. |
* | Non-income producing security. |
(a) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
See Notes to Financial Statements.
11
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
International Equity Fund
Shares | Value($) | |||||||
Common Stocks 94.1% | ||||||||
Australia 4.2% |
| |||||||
CSL Ltd.(a) | 35,163 | 2,887,767 | ||||||
|
| |||||||
Bermuda 1.8% |
| |||||||
Lazard Ltd., Cl A | 34,934 | 1,270,200 | ||||||
|
| |||||||
Brazil 2.0% |
| |||||||
Ambev SA ADR | 231,480 | 1,409,713 | ||||||
|
| |||||||
Canada 6.6% |
| |||||||
Canadian Pacific Railway Ltd. | 18,192 | 2,777,919 | ||||||
Constellation Software, Inc. | 4,035 | 1,818,956 | ||||||
|
| |||||||
4,596,875 | ||||||||
|
| |||||||
China 7.7% |
| |||||||
Ctrip.com International Ltd. ADR*(b) | 45,659 | 2,126,340 | ||||||
Kaisa Group Holdings Ltd.*(a)(b)(c) | 423,000 | 85,075 | ||||||
Tencent Holdings Ltd.(a) | 112,340 | 3,112,737 | ||||||
|
| |||||||
5,324,152 | ||||||||
|
| |||||||
Denmark 11.1% |
| |||||||
Chr. Hansen Holding A/S | 27,602 | 1,640,820 | ||||||
Coloplast A/S, Cl B | 27,372 | 2,122,725 | ||||||
Novo Nordisk A/S SP ADR | 49,221 | 2,047,101 | ||||||
Novozymes A/S, Cl B | 42,382 | 1,863,992 | ||||||
|
| |||||||
7,674,638 | ||||||||
|
| |||||||
France 7.4% |
| |||||||
Essilor International SA | 14,828 | 1,912,227 | ||||||
Hermes International | 3,675 | 1,495,480 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 10,145 | 1,729,970 | ||||||
|
| |||||||
5,137,677 | ||||||||
|
| |||||||
Germany 2.2% |
| |||||||
Adidas AG | 8,948 | 1,552,992 | ||||||
|
| |||||||
India 3.2% |
| |||||||
HDFC Bank Ltd. ADR(b) | 30,497 | 2,192,429 | ||||||
|
| |||||||
Ireland 8.1% |
| |||||||
Accenture PLC, Cl A | 17,141 | 2,094,116 | ||||||
Experian PLC | 104,407 | 2,089,450 | ||||||
ICON PLC* | 18,369 | 1,421,210 | ||||||
|
| |||||||
5,604,776 | ||||||||
|
| |||||||
Japan 5.9% |
| |||||||
Keyence Corp.(a) | 3,230 | 2,350,850 | ||||||
Sysmex Corp.(a) | 23,440 | 1,736,587 | ||||||
|
| |||||||
4,087,437 | ||||||||
|
| |||||||
Mexico 1.5% |
| |||||||
Wal-Mart de Mexico SAB de CV | 465,190 | 1,018,441 | ||||||
|
|
Shares | Value($) | |||||||
Netherlands 5.2% |
| |||||||
Core Laboratories NV(b) | 18,540 | 2,082,598 | ||||||
Yandex NV, Cl A* | 71,010 | 1,494,761 | ||||||
|
| |||||||
3,577,359 | ||||||||
|
| |||||||
South Africa 2.4% |
| |||||||
Shoprite Holdings Ltd. | 119,485 | 1,666,477 | ||||||
|
| |||||||
Spain 1.5% |
| |||||||
Industria de Diseno Textil SA | 29,055 | 1,077,084 | ||||||
|
| |||||||
Switzerland 11.2% |
| |||||||
Chubb Ltd. | 23,168 | 2,911,059 | ||||||
Nestle SA | 36,424 | 2,870,054 | ||||||
SGS SA | 898 | 2,010,448 | ||||||
|
| |||||||
7,791,561 | ||||||||
|
| |||||||
Taiwan 4.4% |
| |||||||
Taiwan Semiconductor Manufacturing Co. Ltd. SP ADR | 98,985 | 3,027,951 | ||||||
|
| |||||||
United Kingdom 7.7% |
| |||||||
Compass Group PLC | 109,614 | 2,124,038 | ||||||
Reckitt Benckiser Group PLC | 33,886 | 3,190,884 | ||||||
|
| |||||||
5,314,922 | ||||||||
|
| |||||||
Total Common Stocks | 65,212,451 | |||||||
|
| |||||||
Money Market Funds 7.5% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(d) | 3,750,340 | 3,750,340 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(d)(e) | 1,437,380 | 1,437,380 | ||||||
|
| |||||||
5,187,720 | ||||||||
|
| |||||||
Total Money Market Funds | 5,187,720 | |||||||
|
| |||||||
Total Investments | 70,400,171 | |||||||
Liabilities in Excess of Other Assets — (1.6)% | (1,114,558 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 69,285,613 | ||||||
|
|
* | Non-income producing security. |
(a) | Valued at fair value using procedures approved by the Board (See Notes 2(a)). |
(b) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $1,730,705. |
(c) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
See Notes to Financial Statements.
12
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
International Equity Fund — concluded
(d) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(e) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $1,789,805. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $352,425. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(g)). |
Investment Abbreviations
ADR | — | American Depositary Receipt | ||
SAB de CV | — | Sociedad Anónima Bursátil de Capital Variable is the Spanish equivalent to Variable Capital Company | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
13
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Silvant Large Cap Growth Stock Fund†
Shares | Value($) | |||||||
Common Stocks 99.2% | ||||||||
Consumer Discretionary 25.6% | ||||||||
Amazon.com, Inc.* | 15,711 | 13,154,977 | ||||||
Chipotle Mexican Grill, Inc.*(a) | 6,665 | 2,822,628 | ||||||
Comcast Corp., Cl A | 34,707 | 2,302,462 | ||||||
DR Horton, Inc. | 98,286 | 2,968,237 | ||||||
Harman International Industries, Inc. | 19,237 | 1,624,565 | ||||||
Johnson Controls International PLC | 41,073 | 1,911,127 | ||||||
L Brands, Inc. | 19,298 | 1,365,719 | ||||||
Las Vegas Sands Corp. | 30,082 | 1,730,918 | ||||||
Netflix, Inc.* | 23,610 | 2,326,766 | ||||||
NIKE, Inc., Cl B | 58,728 | 3,092,029 | ||||||
Priceline Group, Inc. (The)* | 4,869 | 7,164,685 | ||||||
Royal Caribbean Cruises Ltd. | 56,176 | 4,210,391 | ||||||
Starbucks Corp. | 103,002 | 5,576,528 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 13,653 | 3,249,141 | ||||||
Under Armour, Inc., Cl A*(a) | 73,566 | 2,845,533 | ||||||
Under Armour, Inc., Cl C* | 74,088 | 2,508,620 | ||||||
|
| |||||||
58,854,326 | ||||||||
|
| |||||||
Consumer Staples 6.8% | ||||||||
Blue Buffalo Pet Products, Inc.* | 83,425 | 1,982,178 | ||||||
Colgate-Palmolive Co. | 60,927 | 4,517,128 | ||||||
Costco Wholesale Corp. | 30,195 | 4,605,039 | ||||||
Estee Lauder Cos., Inc. (The), Cl A | 36,837 | 3,262,285 | ||||||
WhiteWave Foods Co. (The)* | 22,142 | 1,205,189 | ||||||
|
| |||||||
15,571,819 | ||||||||
|
| |||||||
Energy 3.0% | ||||||||
Devon Energy Corp. | 62,607 | 2,761,595 | ||||||
EOG Resources, Inc. | 43,114 | 4,169,555 | ||||||
|
| |||||||
6,931,150 | ||||||||
|
| |||||||
Financials 4.3% | ||||||||
Charles Schwab Corp. (The) | 90,964 | 2,871,733 | ||||||
Discover Financial Services | 44,818 | 2,534,458 | ||||||
Equinix, Inc., REIT | 6,385 | 2,300,196 | ||||||
Morgan Stanley | 68,593 | 2,199,092 | ||||||
|
| |||||||
9,905,479 | ||||||||
|
| |||||||
Health Care 15.9% | ||||||||
Alexion Pharmaceuticals, Inc.* | 37,805 | 4,632,624 | ||||||
Biogen, Inc.* | 13,961 | 4,370,212 | ||||||
Bristol-Myers Squibb Co. | 65,977 | 3,557,480 | ||||||
Edwards Lifesciences Corp.* | 43,382 | 5,230,134 | ||||||
Gilead Sciences, Inc. | 92,522 | 7,320,340 | ||||||
HCA Holdings, Inc.* | 26,533 | 2,006,691 | ||||||
McKesson Corp. | 16,940 | 2,824,745 | ||||||
Mylan NV*(a) | 115,599 | 4,406,634 | ||||||
Shire PLC ADR | 11,109 | 2,153,591 | ||||||
|
| |||||||
36,502,451 | ||||||||
|
|
Shares | Value($) | |||||||
Industrials 8.3% | ||||||||
A.O. Smith Corp. | 25,152 | 2,484,766 | ||||||
BE Aerospace, Inc. | 25,926 | 1,339,337 | ||||||
Fluor Corp. | 32,220 | 1,653,531 | ||||||
Fortune Brands Home & Security, Inc. | 47,608 | 2,766,025 | ||||||
HD Supply Holdings, Inc.* | 75,257 | 2,406,719 | ||||||
Honeywell International, Inc. | 44,450 | 5,182,426 | ||||||
IHS Markit Ltd.* | 40,657 | 1,526,670 | ||||||
J.B. Hunt Transport Services, Inc. | 22,273 | 1,807,231 | ||||||
|
| |||||||
19,166,705 | ||||||||
|
| |||||||
Information Technology 33.6% | ||||||||
Adobe Systems, Inc.* | 24,927 | 2,705,577 | ||||||
Alphabet, Inc., Cl A* | 10,336 | 8,310,764 | ||||||
Alphabet, Inc., Cl C* | 10,614 | 8,250,156 | ||||||
Analog Devices, Inc. | 58,377 | 3,762,398 | ||||||
Applied Materials, Inc. | 52,963 | 1,596,834 | ||||||
Facebook, Inc., Cl A* | 103,236 | 13,242,082 | ||||||
Microsoft Corp. | 201,992 | 11,634,739 | ||||||
NXP Semiconductors NV* | 30,400 | 3,101,104 | ||||||
Palo Alto Networks, Inc.* | 27,642 | 4,404,200 | ||||||
Red Hat, Inc.* | 34,363 | 2,777,561 | ||||||
Salesforce.com, Inc.* | 48,870 | 3,485,897 | ||||||
Splunk, Inc.* | 37,960 | 2,227,493 | ||||||
Visa, Inc., Cl A | 113,529 | 9,388,848 | ||||||
Workday, Inc., Cl A* | 26,042 | 2,387,791 | ||||||
|
| |||||||
77,275,444 | ||||||||
|
| |||||||
Materials 1.7% | ||||||||
PPG Industries, Inc. | 11,563 | 1,195,152 | ||||||
Vulcan Materials Co. | 24,135 | 2,744,873 | ||||||
|
| |||||||
3,940,025 | ||||||||
|
| |||||||
Total Common Stocks | 228,147,399 | |||||||
|
| |||||||
Money Market Funds 2.8% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(b) | 1,430,012 | 1,430,012 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(b)(c) | 4,992,849 | 4,992,849 | ||||||
|
| |||||||
Total Money Market Funds | 6,422,861 | |||||||
|
| |||||||
Total Investments |
| 234,570,260 | ||||||
Liabilities in Excess of Other Assets — (2.0)% | (4,624,153 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 229,946,107 | ||||||
|
|
See Notes to Financial Statements.
14
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Silvant Large Cap Growth Stock Fund† — concluded
† | On August 1, 2016, affiliated equity funds were rebranded from “RidgeWorth” to “RidgeWorth Silvant”. |
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $5,979,181. |
(b) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(c) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $6,103,338. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,110,489. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(g)). |
Investment Abbreviation
ADR | — | American Depositary Receipt | ||
REIT | — | Real Estate Investment Trust |
See Notes to Financial Statements.
15
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Silvant Small Cap Growth Stock Fund†
Shares | Value($) | |||||||
Common Stocks 99.8% | ||||||||
Consumer Discretionary 12.6% | ||||||||
American Axle & Manufacturing Holdings, Inc.* | 27,666 | 476,409 | ||||||
Cheesecake Factory, Inc. (The) | 11,834 | 592,410 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 3,318 | 438,706 | ||||||
Denny’s Corp.* | 58,987 | 630,571 | ||||||
Dorman Products, Inc.* | 7,035 | 449,536 | ||||||
Five Below, Inc.* | 10,369 | 417,767 | ||||||
G-III Apparel Group Ltd.* | 14,319 | 417,399 | ||||||
Interval Leisure Group, Inc. | 25,894 | 444,600 | ||||||
Lithia Motors, Inc., Cl A | 3,891 | 371,668 | ||||||
Monro Muffler Brake, Inc. | 6,781 | 414,794 | ||||||
Tenneco, Inc.* | 9,648 | 562,189 | ||||||
Universal Electronics, Inc.* | 6,447 | 480,044 | ||||||
Wayfair, Inc., Cl A*(a) | 7,734 | 304,488 | ||||||
|
| |||||||
6,000,581 | ||||||||
|
| |||||||
Consumer Staples 3.6% | ||||||||
Casey’s General Stores, Inc. | 3,816 | 458,492 | ||||||
Energizer Holdings, Inc. | 11,929 | 595,973 | ||||||
MGP Ingredients, Inc.(a) | 8,108 | 328,536 | ||||||
Orchids Paper Products Co.(a) | 11,368 | 309,551 | ||||||
|
| |||||||
1,692,552 | ||||||||
|
| |||||||
Energy 1.6% | ||||||||
Carrizo Oil & Gas, Inc.* | 18,048 | 733,110 | ||||||
|
| |||||||
Financials 6.6% | ||||||||
AMERISAFE, Inc. | 9,277 | 545,302 | ||||||
Coresite Realty Corp., REIT | 5,640 | 417,586 | ||||||
Employers Holdings, Inc. | 15,911 | 474,625 | ||||||
Home BancShares, Inc. | 27,398 | 570,152 | ||||||
MarketAxess Holdings, Inc. | 2,981 | 493,624 | ||||||
QTS Realty Trust, Inc., Cl A, REIT | 11,885 | 628,122 | ||||||
|
| |||||||
3,129,411 | ||||||||
|
| |||||||
Health Care 26.3% | ||||||||
AMN Healthcare Services, Inc.* | 13,434 | 428,142 | ||||||
ANI Pharmaceuticals, Inc.*(a) | 6,783 | 450,052 | ||||||
Array BioPharma, Inc.*(a) | 67,073 | 452,743 | ||||||
Chemed Corp. | 2,786 | 393,021 | ||||||
Coherus Biosciences, Inc.* | 14,545 | 389,515 | ||||||
CorVel Corp.* | 6,692 | 256,973 | ||||||
Depomed, Inc.*(a) | 24,894 | 622,101 | ||||||
HealthSouth Corp. | 15,030 | 609,767 | ||||||
ICU Medical, Inc.* | 4,346 | 549,247 | ||||||
Inogen, Inc.* | 13,513 | 809,429 | ||||||
Insmed, Inc.* | 29,843 | 433,320 | ||||||
Ironwood Pharmaceuticals, Inc.* | 38,350 | 608,998 | ||||||
Keryx Biopharmaceuticals, Inc.*(a) | 55,878 | 296,712 | ||||||
Ligand Pharmaceuticals, Inc.* | 5,246 | 535,407 | ||||||
Molina Healthcare, Inc.* | 5,848 | 341,055 |
Shares | Value($) | |||||||
Health Care—continued |
| |||||||
Neurocrine Biosciences, Inc.* | 11,970 | 606,161 | ||||||
NuVasive, Inc.* | 8,601 | 573,343 | ||||||
NxStage Medical, Inc.* | 32,839 | 820,647 | ||||||
Omnicell, Inc.* | 10,030 | 384,149 | ||||||
Portola Pharmaceuticals, Inc.* | 20,419 | 463,716 | ||||||
Prestige Brands Holdings, Inc.* | 9,101 | 439,305 | ||||||
Radius Health, Inc.*(a) | 8,926 | 482,807 | ||||||
TESARO, Inc.* | 3,818 | 382,716 | ||||||
Ultragenyx Pharmaceutical, Inc.*(a) | 5,829 | 413,509 | ||||||
Vanda Pharmaceuticals, Inc.* | 46,193 | 768,652 | ||||||
|
| |||||||
12,511,487 | ||||||||
|
| |||||||
Industrials 16.6% | ||||||||
AAON, Inc. | 19,009 | 547,839 | ||||||
Air Transport Services Group, Inc.* | 38,703 | 555,388 | ||||||
Alamo Group, Inc. | 7,008 | 461,757 | ||||||
American Woodmark Corp.* | 4,773 | 384,561 | ||||||
Astec Industries, Inc. | 5,345 | 320,005 | ||||||
AZZ, Inc. | 8,604 | 561,583 | ||||||
Badger Meter, Inc. | 18,018 | 603,783 | ||||||
Beacon Roofing Supply, Inc.* | 14,164 | 595,880 | ||||||
Dycom Industries, Inc.*(a) | 8,086 | 661,273 | ||||||
Forward Air Corp. | 10,321 | 446,487 | ||||||
Franklin Electric Co., Inc. | 9,710 | 395,294 | ||||||
Hawaiian Holdings, Inc.* | 10,713 | 520,652 | ||||||
Manitowoc Foodservice, Inc.* | 28,786 | 466,909 | ||||||
Simpson Manufacturing Co., Inc. | 10,736 | 471,847 | ||||||
Trex Co., Inc.* | 7,527 | 441,985 | ||||||
Universal Forest Products, Inc. | 4,751 | 467,926 | ||||||
|
| |||||||
7,903,169 | ||||||||
|
| |||||||
Information Technology 25.1% | ||||||||
Angie’s List, Inc.*(a) | 38,840 | 384,904 | ||||||
Aspen Technology, Inc.* | 10,110 | 473,047 | ||||||
Convergys Corp.(a) | 14,156 | 430,626 | ||||||
Ellie Mae, Inc.* | 7,963 | 838,504 | ||||||
Euronet Worldwide, Inc.* | 7,799 | 638,192 | ||||||
Fair Isaac Corp. | 3,599 | 448,399 | ||||||
Fitbit, Inc., Cl A*(a) | 24,943 | 370,154 | ||||||
Guidewire Software, Inc.* | 8,126 | 487,398 | ||||||
Inphi Corp.* | 19,224 | 836,436 | ||||||
Integrated Device Technology, Inc.* | 34,814 | 804,203 | ||||||
Littelfuse, Inc. | 5,613 | 723,011 | ||||||
LogMeIn, Inc. | 7,064 | 638,515 | ||||||
Manhattan Associates, Inc.* | 7,741 | 446,036 | ||||||
MaxLinear, Inc., Cl A* | 22,219 | 450,379 | ||||||
Methode Electronics, Inc. | 10,932 | 382,292 | ||||||
NeoPhotonics Corp.* | 14,607 | 238,678 | ||||||
NIC, Inc. | 17,319 | 406,997 | ||||||
Oclaro, Inc.* | 45,305 | 387,358 |
See Notes to Financial Statements.
16
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Silvant Small Cap Growth Stock Fund† — concluded
Shares | Value($) | |||||||
Information Technology—continued |
| |||||||
Paycom Software, Inc.*(a) | 15,611 | 782,579 | ||||||
Proofpoint, Inc.*(a) | 12,217 | 914,443 | ||||||
Q2 Holdings, Inc.* | 29,455 | 844,180 | ||||||
|
| |||||||
11,926,331 | ||||||||
|
| |||||||
Materials 5.6% | ||||||||
Balchem Corp. | 9,740 | 755,142 | ||||||
GCP Applied Technologies, Inc.* | 17,502 | 495,657 | ||||||
HB Fuller Co. | 9,575 | 444,950 | ||||||
Olin Corp. | 24,016 | 492,808 | ||||||
Quaker Chemical Corp. | 4,646 | 492,151 | ||||||
|
| |||||||
2,680,708 | ||||||||
|
| |||||||
Telecommunication Services 1.8% |
| |||||||
8x8, Inc.* | 55,726 | 859,852 | ||||||
|
| |||||||
Total Common Stocks | 47,437,201 | |||||||
|
| |||||||
Money Market Funds 13.1% | ||||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(b) | 796,660 | 796,660 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(b)(c) | 5,440,674 | 5,440,674 | ||||||
|
| |||||||
Total Money Market Funds | 6,237,334 | |||||||
|
| |||||||
Total Investments | 53,674,535 | |||||||
Liabilities in Excess of Other | (6,127,960 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 47,546,575 | ||||||
|
|
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Silvant”. |
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $5,612,917. |
(b) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(c) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $5,746,143. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $305,469. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(g)). |
Investment Abbreviation
REIT | — | Real Estate Investment Trust |
See Notes to Financial Statements.
17
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Aggressive Growth Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 69.7% |
| |||||||
RidgeWorth Ceredex Large Cap Value Equity Fund(a) | 87,216 | 1,387,599 | ||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund(a) | 42,141 | 565,952 | ||||||
RidgeWorth Ceredex Small Cap Value Equity Fund(b) | 14,074 | 178,887 | ||||||
RidgeWorth International Equity Fund(a) | 44,742 | 446,079 | ||||||
RidgeWorth Silvant Large Cap Growth Stock Fund(a) | 201,170 | 1,933,243 | ||||||
RidgeWorth Silvant Small Cap Growth Stock Fund(a) | 17,573 | 169,226 | ||||||
|
| |||||||
Total Equity Funds (Cost $3,512,492) | 4,680,986 | |||||||
|
| |||||||
Fixed Income Funds 6.8% |
| |||||||
RidgeWorth Seix Core Bond Fund(a) | 29 | 318 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 2,716 | 24,224 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 923 | 7,996 | ||||||
RidgeWorth Seix High Income Fund(a) | 1,350 | 8,638 | ||||||
RidgeWorth Seix High Yield Fund(a) | 1,006 | 8,356 | ||||||
RidgeWorth Seix Total Return Bond Fund(a) | 32,111 | 349,688 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(a) | 5,648 | 56,703 | ||||||
|
| |||||||
Total Fixed Income Funds | 455,923 | |||||||
|
| |||||||
Exchange Traded Funds 22.9% |
| |||||||
Consumer Discretionary Select Sector SPDR Fund | 397 | 31,776 | ||||||
Consumer Staples Select Sector SPDR Fund | 479 | 25,488 | ||||||
Energy Select Sector SPDR Fund | 271 | 19,135 | ||||||
Financial Select Sector SPDR Fund | 1,734 | 33,466 | ||||||
Health Care Select Sector SPDR Fund | 514 | 37,065 | ||||||
Industrial Select Sector SPDR Fund | 454 | 26,504 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 85 | 11,688 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 80 | 9,319 | ||||||
iShares Core S&P 500 Fund | 495 | 107,692 | ||||||
iShares Core U.S. Aggregate Bond Fund | 3,541 | 398,079 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 17,697 | 439,063 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Currency Hedged MSCI Emerging Markets Fund | 82 | 1,809 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 78 | 6,290 | ||||||
iShares MSCI EAFE Fund | 36 | 2,129 | ||||||
iShares MSCI Emerging Markets Index Fund | 946 | 35,428 | ||||||
iShares MSCI India Fund | 1,668 | 49,056 | ||||||
iShares Russell 2000 Index Fund | 315 | 39,126 | ||||||
iShares U.S. Telecommunications Fund | 216 | 6,960 | ||||||
Materials Select Sector SPDR Fund | 152 | 7,258 | ||||||
Real Estate Select Sector SPDR Fund | 241 | 7,906 | ||||||
Technology Select Sector SPDR Fund | 1,148 | 54,851 | ||||||
Utilities Select Sector SPDR Fund | 174 | 8,524 | ||||||
VanEck Vectors Gold Miners Fund | 6,885 | 181,971 | ||||||
|
| |||||||
Total Exchange Traded Funds | 1,540,583 | |||||||
|
| |||||||
Money Market Fund 0.9% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(c) | 60,351 | 60,351 | ||||||
|
| |||||||
Total Money Market Fund | 60,351 | |||||||
|
| |||||||
Total Investments | 6,737,843 | |||||||
Liabilities in Excess of Other | (20,173 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 6,717,670 | ||||||
|
|
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
EAFE | — | Europe, Australasia and Far East | ||
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
18
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Conservative Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 29.8% |
| |||||||
RidgeWorth Ceredex Large Cap Value Equity Fund(a) | 312,729 | 4,975,525 | ||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund(a) | 147,144 | 1,976,138 | ||||||
RidgeWorth Ceredex Small Cap Value Equity Fund(b) | 51,807 | 658,462 | ||||||
RidgeWorth International Equity Fund(a) | 156,257 | 1,557,880 | ||||||
RidgeWorth Silvant Large Cap Growth Stock Fund(a) | 723,883 | 6,956,517 | ||||||
RidgeWorth Silvant Small Cap Growth Stock Fund(a) | 65,025 | 626,192 | ||||||
|
| |||||||
Total Equity Funds | 16,750,714 | |||||||
|
| |||||||
Fixed Income Funds 39.4% |
| |||||||
RidgeWorth Seix Core Bond Fund(a) | 750 | 8,324 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 110,634 | 986,853 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 37,375 | 323,665 | ||||||
RidgeWorth Seix High Income Fund(a) | 55,230 | 353,475 | ||||||
RidgeWorth Seix High Yield Fund(a) | 41,148 | 341,940 | ||||||
RidgeWorth Seix Total Return Bond Fund(a) | 1,635,301 | 17,808,428 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(a) | 230,304 | 2,312,255 | ||||||
|
| |||||||
Total Fixed Income Funds | 22,134,940 | |||||||
|
| |||||||
Exchange Traded Funds 30.3% |
| |||||||
Consumer Discretionary Select Sector SPDR Fund | 1,248 | 99,890 | ||||||
Consumer Staples Select Sector SPDR Fund | 1,503 | 79,975 | ||||||
Energy Select Sector SPDR Fund | 849 | 59,948 | ||||||
Financial Select Sector SPDR Fund | 5,440 | 104,992 | ||||||
Health Care Select Sector SPDR Fund | 1,614 | 116,386 | ||||||
Industrial Select Sector SPDR Fund | 1,423 | 83,075 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 3,469 | 477,022 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 3,268 | 380,689 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Core S&P 500 Fund | 592 | 128,795 | ||||||
iShares Core U.S. Aggregate Bond Fund | 112,720 | 12,671,982 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 61,811 | 1,533,531 | ||||||
iShares Currency Hedged MSCI Emerging Markets Fund | 277 | 6,111 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 290 | 23,386 | ||||||
iShares MSCI EAFE Fund | 122 | 7,214 | ||||||
iShares MSCI Emerging Markets Index Fund | 3,238 | 121,263 | ||||||
iShares MSCI India Fund | 5,924 | 174,225 | ||||||
iShares Russell 2000 Index Fund | 550 | 68,315 | ||||||
iShares U.S. Telecommunications Fund | 676 | 21,781 | ||||||
Materials Select Sector SPDR Fund | 471 | 22,490 | ||||||
Real Estate Select Sector SPDR Fund | 757 | 24,805 | ||||||
Technology Select Sector SPDR Fund | 3,585 | 171,291 | ||||||
Utilities Select Sector SPDR Fund | 545 | 26,700 | ||||||
VanEck Vectors Gold Miners Fund | 24,019 | 634,822 | ||||||
|
| |||||||
Total Exchange Traded Funds | 17,038,688 | |||||||
|
| |||||||
Money Market Fund 0.7% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(c) | 376,861 | 376,861 | ||||||
|
| |||||||
Total Money Market Fund | 376,861 | |||||||
|
| |||||||
Total Investments | 56,301,203 | |||||||
Liabilities in Excess of Other | (100,249 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 56,200,954 | ||||||
|
|
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
EAFE | — | Europe, Australasia and Far East | ||
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
19
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Growth Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 62.0% |
| |||||||
RidgeWorth Ceredex Large Cap Value Equity Fund(a) | 485,014 | 7,716,571 | ||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund(a) | 228,648 | 3,070,743 | ||||||
RidgeWorth Ceredex Small Cap Value Equity Fund(b) | 80,563 | 1,023,953 | ||||||
RidgeWorth International Equity Fund(a) | 242,782 | 2,420,533 | ||||||
RidgeWorth Silvant Large Cap Growth Stock Fund(a) | 1,111,241 | 10,679,024 | ||||||
RidgeWorth Silvant Small Cap Growth Stock Fund(a) | 100,417 | 967,020 | ||||||
|
| |||||||
Total Equity Funds | 25,877,844 | |||||||
|
| |||||||
Fixed Income Funds 14.1% |
| |||||||
RidgeWorth Seix Core Bond Fund(a) | 261 | 2,899 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 30,761 | 274,388 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 10,409 | 90,145 | ||||||
RidgeWorth Seix High Income Fund(a) | 15,434 | 98,781 | ||||||
RidgeWorth Seix High Yield Fund(a) | 11,518 | 95,712 | ||||||
RidgeWorth Seix Total Return Bond Fund(a) | 431,121 | 4,694,908 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(a) | 64,072 | 643,283 | ||||||
|
| |||||||
Total Fixed Income Funds | 5,900,116 | |||||||
|
| |||||||
Exchange Traded Funds 23.1% |
| |||||||
Consumer Discretionary Select Sector SPDR Fund | 2,057 | 164,642 | ||||||
Consumer Staples Select Sector SPDR Fund | 2,479 | 131,908 | ||||||
Energy Select Sector SPDR Fund | 1,402 | 98,995 | ||||||
Financial Select Sector SPDR Fund | 8,974 | 173,198 | ||||||
Health Care Select Sector SPDR Fund | 2,661 | 191,885 | ||||||
Industrial Select Sector SPDR Fund | 2,349 | 137,135 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 967 | 132,972 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 911 | 106,122 | ||||||
iShares Core S&P 500 Fund | 1,214 | 264,118 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Core U.S. Aggregate Bond Fund | 33,767 | 3,796,086 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 96,048 | 2,382,951 | ||||||
iShares Currency Hedged MSCI Emerging Markets Fund | 492 | 10,854 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 436 | 35,159 | ||||||
iShares MSCI EAFE Fund | 183 | 10,821 | ||||||
iShares MSCI Emerging Markets Index Fund | 5,087 | 190,508 | ||||||
iShares MSCI India Fund | 9,006 | 264,866 | ||||||
iShares Russell 2000 Index Fund | 891 | 110,671 | ||||||
iShares U.S. Telecommunications Fund | 1,118 | 36,022 | ||||||
Materials Select Sector SPDR Fund | 787 | 37,579 | ||||||
Real Estate Select Sector SPDR Fund | 1,249 | 40,920 | ||||||
Technology Select Sector SPDR Fund | 5,942 | 283,909 | ||||||
Utilities Select Sector SPDR Fund | 902 | 44,189 | ||||||
VanEck Vectors Gold Miners Fund | 37,391 | 988,244 | ||||||
|
| |||||||
Total Exchange Traded Funds |
| 9,633,754 | ||||||
|
| |||||||
Money Market Fund 0.8% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(c) | 326,320 | 326,320 | ||||||
|
| |||||||
Total Money Market Fund | 326,320 | |||||||
|
| |||||||
Total Investments | 41,738,034 | |||||||
Other Assets in Excess of Liabilities — 0.0%(d) | 9,286 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 41,747,320 | ||||||
|
|
(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 yield, is as of September 30, 2016. |
(d) | Less than 0.05% of Net Assets. |
Investment Abbreviations
EAFE | — | Europe, Australasia and Far East | ||
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
20
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Moderate Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 46.3% | ||||||||
RidgeWorth Ceredex Large Cap Value Equity Fund(a) | 495,556 | 7,884,292 | ||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund(a) | 232,207 | 3,118,540 | ||||||
RidgeWorth Ceredex Small Cap Value Equity Fund(b) | 82,568 | 1,049,439 | ||||||
RidgeWorth International Equity Fund(a) | 246,522 | 2,457,823 | ||||||
RidgeWorth Silvant Large Cap Growth Stock Fund(a) | 1,134,569 | 10,903,207 | ||||||
RidgeWorth Silvant Small Cap Growth Stock Fund(a) | 102,041 | 982,655 | ||||||
|
| |||||||
Total Equity Funds | 26,395,956 | |||||||
|
| |||||||
Fixed Income Funds 25.4% | ||||||||
RidgeWorth Seix Core Bond Fund(a) | 500 | 5,549 | ||||||
RidgeWorth Seix Corporate Bond Fund(b) | 77,157 | 688,242 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 25,974 | 224,931 | ||||||
RidgeWorth Seix High Income Fund(a) | 38,505 | 246,433 | ||||||
RidgeWorth Seix High Yield Fund(a) | 28,649 | 238,074 | ||||||
RidgeWorth Seix Total Return Bond | 1,053,237 | 11,469,748 | ||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund(a) | 160,828 | 1,614,710 | ||||||
|
| |||||||
Total Fixed Income Funds | 14,487,687 | |||||||
|
| |||||||
Exchange Traded Funds 28.0% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 1,967 | 157,439 | ||||||
Consumer Staples Select Sector SPDR Fund | 2,371 | 126,161 | ||||||
Energy Select Sector SPDR Fund | 1,341 | 94,688 | ||||||
Financial Select Sector SPDR Fund | 8,582 | 165,633 | ||||||
Health Care Select Sector SPDR Fund | 2,545 | 183,520 | ||||||
Industrial Select Sector SPDR Fund | 2,245 | 131,063 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 2,425 | 333,462 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 2,300 | 267,927 | ||||||
iShares Core S&P 500 Fund | 1,087 | 236,488 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Core U.S. Aggregate Bond Fund | 87,224 | 9,805,722 | ||||||
iShares Currency Hedged MSCI EAFE Fund | 97,602 | 2,421,506 | ||||||
iShares Currency Hedged MSCI Emerging Markets Fund | 430 | 9,486 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 436 | 35,159 | ||||||
iShares MSCI EAFE Fund | 195 | 11,530 | ||||||
iShares MSCI Emerging Markets Index Fund | 5,150 | 192,867 | ||||||
iShares MSCI India Fund | 9,111 | 267,954 | ||||||
iShares Russell 2000 Index Fund | 813 | 100,983 | ||||||
iShares U.S. Telecommunications Fund | 1,069 | 34,443 | ||||||
Materials Select Sector SPDR Fund | 753 | 35,956 | ||||||
Real Estate Select Sector SPDR Fund | 1,194 | 39,132 | ||||||
Technology Select Sector SPDR Fund | 5,683 | 271,534 | ||||||
Utilities Select Sector SPDR Fund | 863 | 42,278 | ||||||
VanEck Vectors Gold Miners Fund | 37,978 | 1,003,758 | ||||||
|
| |||||||
Total Exchange Traded Funds | 15,968,689 | |||||||
|
| |||||||
Money Market Fund 0.7% | ||||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(c) | 394,786 | 394,786 | ||||||
|
| |||||||
Total Money Market Fund | 394,786 | |||||||
|
| |||||||
Total Investments | 57,247,118 | |||||||
Liabilities in Excess of Other | (208,300 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 57,038,818 | ||||||
|
|
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
EAFE | — | Europe, Australasia and Far East | ||
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
21
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Capital Innovations Global Resources and Infrastructure Fund | Ceredex Large Cap Value Equity Fund† | Ceredex Mid-Cap Value Equity Fund† | Ceredex Small Cap Value Equity Fund† | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $4,068,137 | $1,728,420,353 | $2,949,332,905 | $715,722,950 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments, at Value* | $4,376,000 | $2,134,373,974 | $3,273,860,484 | $938,568,128 | ||||||||||||
Interest and Dividends Receivable | 10,146 | 2,701,796 | 3,828,395 | 1,502,812 | ||||||||||||
Securities Lending Income Receivable | — | 1,043 | 23,127 | — | ||||||||||||
Foreign Currency, at Value (Cost $12, $—, $— and $—, respectively) | 12 | — | — | — | ||||||||||||
Receivable for Capital Shares Issued | 34,252 | 1,422,710 | 2,024,757 | 1,189,975 | ||||||||||||
Receivable for Investment Securities Sold | 80,391 | — | 79,276,168 | 8,508,278 | ||||||||||||
Reclaims Receivable | 3,490 | — | — | — | ||||||||||||
Receivable from Investment Adviser | 5,707 | 165,440 | 19,962 | — | ||||||||||||
Prepaid Expenses and Other Assets | 33,462 | 97,186 | 152,389 | 51,184 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 4,543,460 | 2,138,762,149 | 3,359,185,282 | 949,820,377 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | 42,028 | 11,227,295 | 54,993,271 | 10,540,864 | ||||||||||||
Payable for Capital Shares Redeemed | — | 10,411,360 | 70,606,944 | 1,091,546 | ||||||||||||
Payable Upon Return of Securities Loaned | — | 1,053,000 | 3,968,035 | — | ||||||||||||
Investment Advisory Fees Payable | 3,579 | 1,139,425 | 1,828,059 | 636,941 | ||||||||||||
Compliance and Fund Services Fees Payable | 92 | 50,213 | 77,204 | 21,482 | ||||||||||||
Distribution and Service Fees Payable | 495 | 102,165 | 138,352 | 52,536 | ||||||||||||
Other Accrued Expenses | 41,998 | 1,783,291 | 2,994,396 | 819,183 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 88,192 | 25,766,749 | 134,606,261 | 13,162,552 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $4,455,268 | $2,112,995,400 | $3,224,579,021 | $936,657,825 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $4,874,657 | $1,686,418,145 | $2,793,165,957 | $693,521,004 | ||||||||||||
Accumulated Net Investment Income | 44,775 | 21,580,251 | 26,865,339 | 5,662,835 | ||||||||||||
Accumulated Net Realized Gain (Loss) from Investments and Foreign Currency Transactions | (772,029 | ) | (956,617 | ) | 80,020,146 | 14,628,808 | ||||||||||
Net Unrealized Appreciation on Investments and Foreign Currencies | 307,865 | 405,953,621 | 324,527,579 | 222,845,178 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $4,455,268 | $2,112,995,400 | $3,224,579,021 | $936,657,825 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $2,859,568 | $1,462,017,260 | $2,575,761,514 | $788,347,976 | ||||||||||||
A Shares | 1,370,280 | 351,304,303 | 376,133,187 | 121,188,632 | ||||||||||||
C Shares | 225,420 | 18,835,304 | 54,974,387 | 27,121,217 | ||||||||||||
IS Shares | — | 280,838,533 | 217,709,933 | — | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 271,148 | 92,363,777 | 192,231,574 | 62,000,879 | ||||||||||||
A Shares | 130,277 | 22,399,766 | 28,390,795 | 9,837,435 | ||||||||||||
C Shares | 21,823 | 1,231,151 | 4,247,983 | 2,409,195 | ||||||||||||
IS Shares | — | 17,655,027 | 16,205,840 | — | ||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||
I Shares | $10.55 | $15.83 | $13.40 | $12.72 | ||||||||||||
A Shares | 10.52 | 15.68 | 13.25 | 12.32 | ||||||||||||
C Shares(a) | 10.33 | 15.30 | 12.94 | 11.26 | ||||||||||||
IS Shares | — | 15.91 | 13.43 | — | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||
A Shares | $11.16 | $16.64 | $14.06 | $13.07 | ||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
* | Investments include securities on loan of $—, $1,030,185, $10,808,218 and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
22
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Innovative Growth Stock Fund† | International Equity Fund | Silvant Large Cap Growth Stock Fund†† | Silvant Small Cap Growth Stock Fund†† | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $13,418,068 | $65,729,794 | $144,261,133 | $46,002,187 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments, at Value* | $24,183,012 | $70,400,171 | $234,570,260 | $53,674,535 | ||||||||||||
Interest and Dividends Receivable | 2,410 | 54,746 | 49,321 | 12,312 | ||||||||||||
Securities Lending Income Receivable | — | 593 | 2,301 | 2,290 | ||||||||||||
Receivable for Capital Shares Issued | 3,054 | 288,479 | 122,113 | 11,303 | ||||||||||||
Receivable for Investment Securities Sold | 46,744 | — | 6,963,127 | — | ||||||||||||
Reclaims Receivable | — | 59,223 | — | — | ||||||||||||
Receivable from Investment Adviser | 2,154 | 643 | 24,262 | 3,767 | ||||||||||||
Prepaid Expenses and Other Assets | 17,332 | 30,715 | 39,605 | 32,573 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 24,254,706 | 70,834,570 | 241,770,989 | 53,736,780 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | 73,218 | — | 6,344,234 | — | ||||||||||||
Payable for Capital Shares Redeemed | 29,557 | 27,204 | 145,031 | 654,253 | ||||||||||||
Payable Upon Return of Securities Loaned | — | 1,437,380 | 4,992,849 | 5,440,674 | ||||||||||||
Investment Advisory Fees Payable | 17,048 | 45,894 | 132,607 | 33,459 | ||||||||||||
Compliance and Fund Services Fees Payable | 576 | 1,025 | 5,643 | 1,191 | ||||||||||||
Distribution and Service Fees Payable | 1,742 | 1,698 | 46,133 | 5,700 | ||||||||||||
Other Accrued Expenses | 23,783 | 35,756 | 158,385 | 54,928 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 145,924 | 1,548,957 | 11,824,882 | 6,190,205 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $24,108,782 | $69,285,613 | $229,946,107 | $47,546,575 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $12,178,255 | $65,589,224 | $108,742,905 | $34,463,012 | ||||||||||||
Accumulated Net Investment Income (Loss) | (235,397 | ) | 341,736 | (665,486 | ) | (231,879 | ) | |||||||||
Accumulated Net Realized Gain (Loss) from Investments and Foreign Currency Transactions | 1,400,980 | (1,312,644 | ) | 31,559,561 | 5,643,094 | |||||||||||
Net Unrealized Appreciation on Investments and Foreign Currencies | 10,764,944 | 4,667,297 | 90,309,127 | 7,672,348 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $24,108,782 | $69,285,613 | $229,946,107 | $47,546,575 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $17,531,721 | $54,288,777 | $100,546,186 | $31,694,729 | ||||||||||||
A Shares | 6,577,061 | 8,112,206 | 60,755,635 | 7,326,403 | ||||||||||||
C Shares | — | — | 37,790,633 | 4,781,380 | ||||||||||||
IS Shares | — | 6,884,630 | 30,853,653 | 3,744,063 | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 829,962 | 5,449,372 | 10,487,857 | 3,317,396 | ||||||||||||
A Shares | 324,162 | 825,800 | 7,615,903 | 917,076 | ||||||||||||
C Shares | — | — | 6,815,828 | 1,103,749 | ||||||||||||
IS Shares | — | 690,302 | 3,210,514 | 388,974 | ||||||||||||
Net Asset Value and Redemption Price Per Share: |
| |||||||||||||||
I Shares | $21.12 | $9.96 | $9.59 | $9.55 | ||||||||||||
A Shares | 20.29 | 9.82 | 7.98 | 7.99 | ||||||||||||
C Shares(a) | — | — | 5.54 | 4.33 | ||||||||||||
IS Shares | — | 9.97 | 9.61 | 9.63 | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||
A Shares | $21.53 | $10.42 | $8.47 | $8.48 | ||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
† | Formerly Aggressive Growth Stock Fund. |
†† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Silvant”. |
* | Investments include securities on loan of $—, $1,730,705, $5,979,181, and $5,612,917, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
23
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $5,397,621 | $52,488,324 | $34,735,922 | $48,059,641 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in Affiliates, at Value | 5,136,909 | 38,885,654 | 31,777,960 | 40,883,643 | ||||||||||||
Investments in Unaffiliated, at Value | $1,600,934 | $17,415,549 | $9,960,074 | $16,363,475 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 6,737,843 | 56,301,203 | 41,738,034 | 57,247,118 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Dividends Receivable | 797 | 37,564 | 10,008 | 24,529 | ||||||||||||
Receivable for Capital Shares Issued | 4,502 | 111,236 | 132,409 | 38,656 | ||||||||||||
Receivable from Investment Adviser | 5,813 | 4,468 | 7,221 | 6,185 | ||||||||||||
Prepaid Expenses and Other Assets | 28,169 | 29,899 | 29,604 | 17,669 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 6,777,124 | 56,484,370 | 41,917,276 | 57,334,157 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | 812 | 38,571 | 10,244 | 25,150 | ||||||||||||
Payable for Capital Shares Redeemed | 41,122 | 197,052 | 96,509 | 199,179 | ||||||||||||
Investment Advisory Fees Payable | 556 | 4,793 | 3,428 | 4,714 | ||||||||||||
Compliance and Fund Services Fees Payable | 171 | 1,513 | 1,055 | 1,464 | ||||||||||||
Distribution and Service Fees Payable | 1,412 | 18,513 | 3,542 | 11,705 | ||||||||||||
Trustee Fees Payable | 1 | 21 | 23 | 12 | ||||||||||||
Other Accrued Expenses | 15,380 | 22,953 | 55,155 | 53,115 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 59,454 | 283,416 | 169,956 | 295,339 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $6,717,670 | $56,200,954 | $41,747,320 | $57,038,818 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: |
| |||||||||||||||
Capital | $4,959,812 | $52,315,981 | $32,585,842 | $44,512,588 | ||||||||||||
Accumulated Net Investment Income | 3,337 | 429,758 | 91,998 | 248,801 | ||||||||||||
Accumulated Net Realized Gain (Loss) from Investments Transactions | 414,299 | (357,664 | ) | 2,067,368 | 3,089,952 | |||||||||||
Net Unrealized Appreciation on Investments | 1,340,222 | 3,812,879 | 7,002,112 | 9,187,477 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $6,717,670 | $56,200,954 | $41,747,320 | $57,038,818 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $2,630,646 | $24,689,583 | $33,183,872 | $35,252,334 | ||||||||||||
A Shares | 3,465,205 | 12,793,862 | 6,121,060 | 10,877,294 | ||||||||||||
C Shares | 621,819 | 18,717,509 | 2,442,388 | 10,909,190 | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 415,695 | 1,977,813 | 3,112,887 | 3,725,012 | ||||||||||||
A Shares | 556,011 | 1,026,821 | 577,701 | 1,156,121 | ||||||||||||
C Shares | 104,412 | 1,525,875 | 236,616 | 1,173,621 | ||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||
I Shares | $6.33 | $12.48 | $10.66 | $9.46 | ||||||||||||
A Shares | 6.23 | 12.46 | 10.60 | 9.41 | ||||||||||||
C Shares(a) | 5.96 | 12.27 | 10.32 | 9.30 | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||
A Shares | $6.61 | $13.08 | $11.25 | $9.98 | ||||||||||||
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.
24
Table of Contents
RIDGEWORTH FUNDS For the Period Ended September 30, 2016
(Unaudited)
Capital Innovations Global Resources and Infrastructure Fund | Ceredex Large Cap Value Equity Fund† | Ceredex Mid-Cap Value Equity Fund† | Ceredex Small Cap Value Equity Fund† | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $54,435 | $26,171,075 | $34,768,724 | $10,461,645 | ||||||||||||
Net Income from Securities Lending | — | 20,553 | 145,809 | — | ||||||||||||
Less: Foreign Taxes Withheld | (2,697 | ) | — | — | (43,392 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 51,738 | 26,191,628 | 34,914,533 | 10,418,253 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 19,903 | 6,949,953 | 11,213,050 | 3,909,356 | ||||||||||||
Administration Fees | 361 | 105,178 | 160,474 | 46,670 | ||||||||||||
Fund Accounting Fees | 187 | 123,622 | 200,859 | 56,540 | ||||||||||||
Transfer Agency Fees | 1,693 | 86,180 | 712,713 | 68,530 | ||||||||||||
Compliance & Fund Services Fees | 166 | 90,016 | 139,677 | 39,390 | ||||||||||||
Distribution and Service Fees — A Shares | 1,688 | 535,686 | 577,595 | 180,967 | ||||||||||||
Distribution and Service Fees — C Shares | 1,056 | 95,668 | 289,369 | 137,231 | ||||||||||||
Shareholder Servicing Fees — I Shares | 494 | 2,776,359 | 4,214,628 | 1,323,681 | ||||||||||||
Shareholder Servicing Fees — A Shares | 44 | 632,824 | 725,555 | 216,398 | ||||||||||||
Custodian Fees | 2,814 | 16,684 | 26,517 | 11,662 | ||||||||||||
Printing Fees | 232 | 65,885 | 159,545 | 50,268 | ||||||||||||
Registration Fees | 13,298 | 28,344 | 58,131 | 24,603 | ||||||||||||
Trustee Fees | 96 | 58,006 | 90,897 | 25,951 | ||||||||||||
Professional Fees | 963 | 53,204 | 83,746 | 23,922 | ||||||||||||
Other Fees | 1,953 | 67,137 | 108,672 | 33,813 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Expenses | 44,948 | 11,684,746 | 18,761,428 | 6,148,982 | ||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (19,278 | ) | (1,125,302 | ) | (156,851 | ) | (10,706 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 25,670 | 10,559,444 | 18,604,577 | 6,138,276 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 26,068 | 15,632,184 | 16,309,956 | 4,279,977 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies: | ||||||||||||||||
Net Realized Gain from: | ||||||||||||||||
Investment Transactions and Foreign Currency Transactions | 75,696 | 55,459,380 | 143,611,217 | 44,063,165 | ||||||||||||
Net Change in Unrealized Appreciation on: | ||||||||||||||||
Investments and Foreign Currencies | 491,744 | 82,937,263 | 104,280,058 | 62,692,314 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currencies | 567,440 | 138,396,643 | 247,891,275 | 106,755,479 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | $593,508 | $154,028,827 | $264,201,231 | $111,035,456 | ||||||||||||
|
|
|
|
|
|
|
|
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
See Notes to Financial Statements.
25
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2016
(Unaudited)
Innovative Growth Stock Fund† | International Equity Fund | Silvant Large Cap Growth Stock Fund†† | Silvant Small Cap Growth Stock Fund†† | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $15,727 | $467,729 | $926,907 | $161,773 | ||||||||||||
Net Income from Securities Lending | — | 5,606 | 12,088 | 35,740 | ||||||||||||
Less: Foreign Taxes Withheld | — | (45,076 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 15,727 | 428,259 | 938,995 | 197,513 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 107,036 | 217,258 | 838,115 | 214,211 | ||||||||||||
Administration Fees | 1,248 | 2,532 | 11,865 | 2,497 | ||||||||||||
Fund Accounting Fees | 1,603 | 2,089 | 14,829 | 3,119 | ||||||||||||
Transfer Agency Fees | 8,803 | 12,840 | 138,602 | 12,432 | ||||||||||||
Compliance & Fund Services Fees | 1,072 | 1,859 | 10,329 | 2,184 | ||||||||||||
Distribution and Service Fees — A Shares | 11,041 | 7,217 | 92,525 | 10,751 | ||||||||||||
Distribution and Service Fees — C Shares | — | — | 194,002 | 23,574 | ||||||||||||
Shareholder Servicing Fees — I Shares | 24,826 | 22,311 | 188,681 | 63,175 | ||||||||||||
Shareholder Servicing Fees — A Shares | 2,879 | 392 | 8,246 | 1,556 | ||||||||||||
Custodian Fees | 3,903 | 24,151 | 5,512 | 4,019 | ||||||||||||
Printing Fees | 1,617 | 3,969 | 9,730 | 2,664 | ||||||||||||
Registration Fees | 15,170 | 27,141 | 26,591 | 25,618 | ||||||||||||
Trustee Fees | 700 | 1,151 | 6,727 | 1,438 | ||||||||||||
Professional Fees | 674 | 6,475 | 6,185 | 1,516 | ||||||||||||
Other Fees | 5,170 | 14,772 | 11,596 | 6,640 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Expenses | 185,742 | 344,157 | 1,563,535 | 375,394 | ||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (13,717 | ) | (32,598 | ) | (152,004 | ) | (28,838 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 172,025 | 311,559 | 1,411,531 | 346,556 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income (Loss) | (156,298 | ) | 116,700 | (472,536 | ) | (149,043 | ) | |||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies: | ||||||||||||||||
Net Realized Gain from: | ||||||||||||||||
Investment Transactions and Foreign Currency Transactions | 1,485,365 | 185,537 | 30,141,723 | 3,338,692 | ||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments and Foreign Currencies | 1,138,990 | 3,293,632 | (24,730,761 | ) | 2,591,281 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain on Investments and Foreign Currencies | 2,624,355 | 3,479,169 | 5,410,962 | 5,929,973 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | $2,468,057 | $3,595,869 | $4,938,426 | $5,780,930 | ||||||||||||
|
|
|
|
|
|
|
|
† | Formerly Aggressive Growth Stock Fund. |
†† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Silvant”. |
See Notes to Financial Statements.
26
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2016
(Unaudited)
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $21,478 | $260,574 | $134,795 | $226,353 | ||||||||||||
Dividend Income from Affiliated Investment Companies | 5,409 | 253,512 | 66,418 | 171,439 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 26,887 | 514,086 | 201,213 | 397,792 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 3,428 | 31,100 | 21,347 | 30,961 | ||||||||||||
Administration Fees | 339 | 3,082 | 2,116 | 3,068 | ||||||||||||
Fund Accounting Fees | 9,970 | 9,970 | 9,970 | 9,969 | ||||||||||||
Transfer Agency Fees | 3,989 | 15,084 | 6,816 | 13,305 | ||||||||||||
Compliance & Fund Services Fees | 301 | 2,763 | 1,924 | 2,726 | ||||||||||||
Distribution and Service Fees — A Shares | 5,385 | 20,858 | 9,743 | 17,103 | ||||||||||||
Distribution and Service Fees — C Shares | 3,445 | 94,609 | 12,711 | 56,329 | ||||||||||||
Shareholder Servicing Fees — I Shares | 4,288 | 17,430 | 67,080 | 78,552 | ||||||||||||
Shareholder Servicing Fees — A Shares | 695 | 4,036 | 1,922 | 6,009 | ||||||||||||
Custodian Fees | 6,051 | 6,634 | 8,095 | 5,934 | ||||||||||||
Printing Fees | 528 | 3,223 | 1,649 | 2,772 | ||||||||||||
Registration Fees | 20,754 | 20,827 | 21,124 | 20,165 | ||||||||||||
Trustee Fees | 194 | 1,784 | 1,265 | 1,816 | ||||||||||||
Professional Fees | 180 | 1,564 | 1,143 | 1,720 | ||||||||||||
Other Fees | 3,688 | 4,981 | 4,684 | 5,482 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Expenses | 63,235 | 237,945 | 171,589 | 255,911 | ||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (39,685 | ) | (28,588 | ) | (47,780 | ) | (44,044 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 23,550 | 209,357 | 123,809 | 211,867 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 3,337 | 304,729 | 77,404 | 185,925 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||
Investment Transactions | 80,912 | (35,806 | ) | 524,375 | 1,038,218 | |||||||||||
Net Change in Unrealized Appreciation on: | ||||||||||||||||
Investments | 275,232 | 2,072,892 | 1,543,174 | 1,541,103 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain on Investments | 356,144 | 2,037,086 | 2,067,549 | 2,579,321 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | $359,481 | $2,341,815 | $2,144,953 | $2,765,246 | ||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
27
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Capital Innovations Global Resources and Infrastructure Fund | Ceredex Large Cap Value Equity Fund† | |||||||||||||||||||
04/01/16- 09/30/16 | 12/01/15- 03/31/16* | 12/01/14- 11/30/15 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | ||||||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||||||
Operations: | ||||||||||||||||||||
Net Investment Income | $ | 26,068 | $ | 28,941 | $ | 135,116 | $ | 15,632,184 | $ | 29,744,157 | ||||||||||
Net Realized Gain (Loss) | 75,696 | (405,694 | ) | (197,517 | ) | 55,459,380 | 61,008,493 | |||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 491,744 | (22,799 | ) | (1,484,391 | ) | 82,937,263 | (146,176,551 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | 593,508 | (399,552 | ) | (1,546,792 | ) | 154,028,827 | (55,423,901 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||
I Shares | — | (47,940 | ) | (100,601 | ) | — | (24,293,067 | ) | ||||||||||||
A Shares | — | (29,983 | ) | (32,013 | ) | — | (4,596,165 | ) | ||||||||||||
C Shares | — | (4,305 | ) | (3,437 | ) | — | (151,415 | ) | ||||||||||||
IS Shares | — | — | — | — | (1,930,728 | ) | ||||||||||||||
Net Realized Gains: | ||||||||||||||||||||
I Shares | — | — | — | — | (130,478,463 | ) | ||||||||||||||
A Shares | — | — | — | — | (31,413,333 | ) | ||||||||||||||
C Shares | — | — | — | — | (1,618,805 | ) | ||||||||||||||
IS Shares | — | — | — | — | (8,723,251 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Dividends and Distributions | — | (82,228 | ) | (136,051 | ) | — | (203,205,227 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Capital Transactions | 453,132 | (1,509,530 | ) | (9,219,400 | ) | (136,339,405 | ) | (93,522,505 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets | 1,046,640 | (1,991,310 | ) | (10,902,243 | ) | 17,689,422 | (352,151,633 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
Beginning of Period | 3,408,628 | 5,399,938 | 16,302,181 | 2,095,305,978 | 2,447,457,611 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
End of Period | $ | 4,455,268 | $ | 3,408,628 | $ | 5,399,938 | $ | 2,112,995,400 | $ | 2,095,305,978 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 44,775 | $ | 18,707 | $ | (111,545 | ) | $ | 21,580,251 | $ | 5,948,067 | |||||||||
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
* | The Fund had a fiscal year end change from November 30 to March 31. |
See Notes to Financial Statements.
28
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Ceredex Mid-Cap Value Equity Fund† | Ceredex Small Cap Value Equity Fund† | Innovative Growth Stock Fund†† | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 16,309,956 | $ | 43,781,852 | $ | 4,279,977 | $ | 9,401,534 | $ | (156,298 | ) | $ | (418,433 | ) | ||||||||||
Net Realized Gain | 143,611,217 | 58,903,761 | 44,063,165 | 160,397,157 | 1,485,365 | 2,936,733 | ||||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 104,280,058 | (309,127,228 | ) | 62,692,314 | (185,414,369 | ) | 1,138,990 | (4,840,884 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 264,201,231 | (206,441,615 | ) | 111,035,456 | (15,615,678 | ) | 2,468,057 | (2,322,584 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | (35,723,021 | ) | — | (11,307,431 | ) | — | — | ||||||||||||||||
A Shares | — | (3,557,031 | ) | — | (1,360,683 | ) | — | — | ||||||||||||||||
C Shares | — | (401,359 | ) | — | (231,971 | ) | — | — | ||||||||||||||||
IS Shares | — | (2,319,371 | ) | — | — | — | — | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (161,562,467 | ) | — | (207,814,500 | ) | — | (1,394,244 | ) | |||||||||||||||
A Shares | — | (23,673,405 | ) | — | (33,547,089 | ) | — | (701,510 | ) | |||||||||||||||
C Shares | — | (4,181,619 | ) | — | (8,088,193 | ) | — | — | ||||||||||||||||
IS Shares | — | (7,897,241 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (239,315,514 | ) | — | (262,349,867 | ) | — | (2,095,754 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (411,781,759 | ) | (435,212,555 | ) | (143,277,783 | ) | (67,849,231 | ) | (4,689,465 | ) | (4,108,103 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (147,580,528 | ) | (880,969,684 | ) | (32,242,327 | ) | (345,814,776 | ) | (2,221,408 | ) | (8,526,441 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 3,372,159,549 | 4,253,129,233 | 968,900,152 | 1,314,714,928 | 26,330,190 | 34,856,631 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 3,224,579,021 | $ | 3,372,159,549 | $ | 936,657,825 | $ | 968,900,152 | $ | 24,108,782 | $ | 26,330,190 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 26,865,339 | $ | 10,555,383 | $ | 5,662,835 | $ | 1,382,858 | $ | (235,397 | ) | $ | (79,099 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
†† | Formerly Aggressive Growth Stock Fund. |
See Notes to Financial Statements.
29
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
International Equity Fund | Silvant Large Cap Growth Stock Fund† | Silvant Small Cap Growth Stock Fund† | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: |
| |||||||||||||||||||||||
Net Investment Income (Loss) | $ | 116,700 | $ | 268,555 | $ | (472,536 | ) | $ | (930,659 | ) | $ | (149,043 | ) | $ | (718,976 | ) | ||||||||
Net Realized Gain | 185,537 | 2,971,796 | 30,141,723 | 12,550,924 | 3,338,692 | 23,215,285 | ||||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 3,293,632 | (3,563,428 | ) | (24,730,761 | ) | (16,825,838 | ) | 2,591,281 | (34,291,359 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 3,595,869 | (323,077 | ) | 4,938,426 | (5,205,573 | ) | 5,780,930 | (11,795,050 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: |
| |||||||||||||||||||||||
Net Investment Income: |
| |||||||||||||||||||||||
I Shares | — | (121,394 | ) | — | — | — | — | |||||||||||||||||
A Shares | — | (23,586 | ) | — | — | — | — | |||||||||||||||||
Net Realized Gains: |
| |||||||||||||||||||||||
I Shares | — | (879,695 | ) | — | (9,096,956 | ) | — | (14,333,125 | ) | |||||||||||||||
A Shares | — | (354,394 | ) | — | (5,723,860 | ) | — | (2,962,694 | ) | |||||||||||||||
C Shares | — | — | — | (5,426,509 | ) | — | (2,793,870 | ) | ||||||||||||||||
IS Shares* | — | (765,921 | ) | — | (3,074,932 | ) | — | (1,477,592 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (2,144,990 | ) | — | (23,322,257 | ) | — | (21,567,281 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 27,346,149 | 17,666,205 | (24,841,824 | ) | (14,457,456 | ) | (9,500,443 | ) | (64,115,362 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | 30,942,018 | 15,198,138 | (19,903,398 | ) | (42,985,286 | ) | (3,719,513 | ) | (97,477,693 | ) | ||||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: |
| |||||||||||||||||||||||
Beginning of Period | 38,343,595 | 23,145,457 | 249,849,505 | 292,834,791 | 51,266,088 | 148,743,781 | ||||||||||||||||||
�� |
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| ||||||||||||
End of Period | $ | 69,285,613 | $ | 38,343,595 | $ | 229,946,107 | $ | 249,849,505 | $ | 47,546,575 | $ | 51,266,088 | ||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 341,736 | $ | 225,036 | $ | (665,486 | ) | $ | (192,950 | ) | $ | (231,879 | ) | $ | (82,836 | ) | ||||||||
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|
|
|
|
|
|
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Silvant”. |
* | IS Shares commenced operations on September 1, 2015 for International Equity Fund. |
See Notes to Financial Statements.
30
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | Growth Allocation Strategy | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 3,337 | $ | 51,643 | $ | 304,729 | $ | 853,413 | $ | 77,404 | $ | 488,808 | ||||||||||||
Net Realized Gain (Loss) | 80,912 | 820,060 | (35,806 | ) | 69,982 | 524,375 | 2,558,148 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 275,232 | (1,306,041 | ) | 2,072,892 | (2,319,723 | ) | 1,543,174 | (5,495,254 | ) | |||||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 359,481 | (434,338 | ) | 2,341,815 | (1,396,328 | ) | 2,144,953 | (2,448,298 | ) | |||||||||||||||
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| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | (34,085 | ) | — | (572,569 | ) | — | (479,108 | ) | |||||||||||||||
A Shares | — | (24,643 | ) | — | (204,021 | ) | — | (67,349 | ) | |||||||||||||||
C Shares | — | (966 | ) | — | (157,737 | ) | — | (11,099 | ) | |||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (771,787 | ) | — | (799,647 | ) | — | (3,232,886 | ) | |||||||||||||||
A Shares | — | (772,140 | ) | — | (349,352 | ) | — | (545,095 | ) | |||||||||||||||
C Shares | — | (149,331 | ) | — | (480,071 | ) | — | (202,838 | ) | |||||||||||||||
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|
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|
| |||||||||||||
Total Dividends and Distributions | — | (1,752,952 | ) | — | (2,563,397 | ) | — | (4,538,375 | ) | |||||||||||||||
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|
|
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|
| |||||||||||||
Change in Net Assets from Capital Transactions | (725,464 | ) | (1,157,894 | ) | (10,806,515 | ) | 1,826,875 | (8,459,452 | ) | (10,236,774 | ) | |||||||||||||
|
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|
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|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (365,983 | ) | (3,345,184 | ) | (8,464,700 | ) | (2,132,850 | ) | (6,314,499 | ) | (17,223,447 | ) | ||||||||||||
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| |||||||||||||
Net Assets: |
| |||||||||||||||||||||||
Beginning of Period | 7,083,653 | 10,428,837 | 64,665,654 | 66,798,504 | 48,061,819 | 65,285,266 | ||||||||||||||||||
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End of Period | $ | 6,717,670 | $ | 7,083,653 | $ | 56,200,954 | $ | 64,665,654 | $ | 41,747,320 | $ | 48,061,819 | ||||||||||||
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| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 3,337 | $ | — | $ | 429,758 | $ | 125,029 | $ | 91,998 | $ | 14,594 | ||||||||||||
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|
See Notes to Financial Statements.
31
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (concluded)
RIDGEWORTH FUNDS For the Periods Indicated
(Unaudited)
Moderate Allocation Strategy | ||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||
(Unaudited) | ||||||||
Operations: | ||||||||
Net Investment Income | $ | 185,925 | $ | 952,973 | ||||
Net Realized Gain | 1,038,218 | 6,381,339 | ||||||
Net Change in Unrealized Appreciation (Depreciation) | 1,541,103 | (10,430,565 | ) | |||||
|
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|
| |||||
Change in Net Assets from Operations | 2,765,246 | (3,096,253 | ) | |||||
|
|
|
| |||||
Dividends and Distributions to Shareholders: | ||||||||
Net Investment Income: | ||||||||
I Shares | — | (805,343 | ) | |||||
A Shares | — | (206,746 | ) | |||||
C Shares | — | (124,573 | ) | |||||
Net Realized Gains: | ||||||||
I Shares | — | (6,865,380 | ) | |||||
A Shares | — | (1,841,985 | ) | |||||
C Shares | — | (1,721,546 | ) | |||||
|
|
|
| |||||
Total Dividends and Distributions | — | (11,565,573 | ) | |||||
|
|
|
| |||||
Change in Net Assets from Capital Transactions | (14,957,382 | ) | (41,933,238 | ) | ||||
|
|
|
| |||||
Change in Net Assets | (12,192,136 | ) | (56,595,064 | ) | ||||
|
|
|
| |||||
Net Assets: |
| |||||||
Beginning of Period | 69,230,954 | 125,826,018 | ||||||
|
|
|
| |||||
End of Period | $ | 57,038,818 | $ | 69,230,954 | ||||
|
|
|
| |||||
Accumulated Net Investment Income, End of Period | $ | 248,801 | $ | 62,876 | ||||
|
|
|
|
See Notes to Financial Statements.
32
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) | ||||||||||||||||||||||||||||||||||||||||||||||
Capital Innovations Global Resources and Infrastructure Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $9.04 | $0.07 | $1.44 | $1.51 | $— | $— | $— | $— | $10.55 | $2,860 | 16.70 | % | 1.15 | % | 2.15 | % | 1.47 | % | 32 | % | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2016(e) | 9.91 | 0.07 | (0.76 | ) | (0.69 | ) | (0.18 | ) | — | — | (0.18 | ) | 9.04 | 1,955 | (6.93 | ) | 1.28 | 14.19 | 2.52 | 23 | ||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2015 | 11.84 | 0.14 | (1.90 | ) | (1.76 | ) | (0.17 | ) | — | — | (0.17 | ) | 9.91 | 3,336 | (14.92 | ) | 1.35 | 3.42 | 1.23 | 19 | ||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2014 | 11.50 | 0.13 | 0.34 | 0.47 | (0.04 | ) | (0.04 | ) | (0.05 | ) | (0.13 | ) | 11.84 | 12,532 | 4.12 | 1.35 | 3.29 | 1.13 | 24 | |||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2013 | 10.03 | 0.09 | 1.43 | 1.52 | (0.05 | ) | — | — | (0.05 | ) | 11.50 | 5,436 | 15.15 | 1.35 | 6.57 | 0.85 | 7 | |||||||||||||||||||||||||||||||||||||||||||
Period Ended November 30, | 10.00 | 0.01 | 0.02 | 0.03 | — | — | — | — | 10.03 | 256 | 0.30 | 1.35 | 122.10 | 0.55 | 3 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.03 | 0.06 | 1.43 | 1.49 | — | — | — | — | 10.52 | 1,370 | 16.50 | 1.40 | 2.33 | 1.16 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2016(e) | 9.90 | 0.07 | (0.76 | ) | (0.69 | ) | (0.18 | ) | — | — | (0.18 | ) | 9.03 | 1,250 | (7.01 | ) | 1.53 | 14.70 | 2.34 | 23 | ||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2015 | 11.83 | 0.11 | (1.90 | ) | (1.79 | ) | (0.14 | ) | — | — | (0.14 | ) | 9.90 | 1,756 | (15.14 | ) | 1.60 | 3.67 | 0.98 | 19 | ||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2014 | 11.49 | 0.10 | 0.34 | 0.44 | (0.02 | ) | (0.03 | ) | (0.05 | ) | (0.10 | ) | 11.83 | 3,033 | 3.84 | 1.60 | 3.54 | 0.88 | 24 | |||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2013 | 10.02 | 0.07 | 1.43 | 1.50 | (0.03 | ) | — | — | (0.03 | ) | 11.49 | 5,569 | 14.98 | 1.60 | 6.82 | 0.60 | 7 | |||||||||||||||||||||||||||||||||||||||||||
Period Ended November 30, | 10.00 | 0.01 | 0.01 | 0.02 | — | — | — | — | 10.02 | 14 | 0.20 | 1.60 | 122.35 | 0.30 | 3 | |||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.90 | 0.02 | 1.41 | 1.43 | — | — | — | — | 10.33 | 225 | 16.07 | 2.15 | 3.07 | 0.40 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2016(e) | 9.76 | 0.04 | (0.75 | ) | (0.71 | ) | (0.15 | ) | — | — | (0.15 | ) | 8.90 | 204 | (7.24 | ) | 2.28 | 15.42 | 1.50 | 23 | ||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2015 | 11.69 | 0.03 | (1.87 | ) | (1.84 | ) | (0.09 | ) | — | — | (0.09 | ) | 9.76 | 308 | (15.76 | ) | 2.35 | 4.42 | 0.23 | 19 | ||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2014 | 11.41 | 0.02 | 0.33 | 0.35 | (0.01 | ) | (0.01 | ) | (0.05 | ) | (0.07 | ) | 11.69 | 737 | 3.04 | 2.35 | 4.29 | 0.13 | 24 | |||||||||||||||||||||||||||||||||||||||||
Year Ended November 30, 2013 | 10.01 | (0.02 | ) | 1.42 | 1.40 | — | (g) | — | — | — | 11.41 | 819 | 14.03 | 2.35 | 7.57 | (0.15 | ) | 7 | ||||||||||||||||||||||||||||||||||||||||||
Period Ended November 30, | 10.00 | (0.01 | ) | 0.02 | 0.01 | — | — | — | — | 10.01 | 7 | 0.10 | 2.35 | 123.10 | (0.45 | ) | 3 | |||||||||||||||||||||||||||||||||||||||||||
Ceredex Large Cap Value Equity Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 14.71 | 0.12 | 1.00 | 1.12 | — | — | — | — | 15.83 | 1,462,017 | 7.61 | 0.97 | 1.10 | 1.50 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 16.60 | 0.22 | (0.57 | ) | (0.35 | ) | (0.24 | ) | — | (1.30 | ) | (1.54 | ) | 14.71 | 1,440,587 | (2.19 | ) | 0.97 | 1.09 | 1.40 | 66 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 14.60 | 0.09 | 0.99 | 1.08 | — | — | — | — | 15.68 | 351,304 | 7.40 | 1.26 | 1.37 | 1.21 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 16.48 | 0.17 | (0.56 | ) | (0.39 | ) | (0.19 | ) | — | (1.30 | ) | (1.49 | ) | 14.60 | 362,805 | (2.46 | ) | 1.27 | 1.37 | 1.09 | 66 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 14.28 | 0.06 | 0.96 | 1.02 | — | — | — | — | 15.30 | 18,835 | 7.14 | 1.72 | 1.72 | 0.75 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 16.15 | 0.10 | (0.55 | ) | (0.45 | ) | (0.12 | ) | — | (1.30 | ) | (1.42 | ) | 14.28 | 19,053 | (2.88 | ) | 1.71 | 1.71 | 0.65 | 66 | |||||||||||||||||||||||||||||||||||||||
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 |
See Notes to Financial Highlights and Notes to Financial Statements.
33
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $14.77 | $0.14 | $1.00 | $1.14 | $— | $— | $— | $— | $15.91 | $280,839 | 7.72 | % | 0.72 | % | 0.72 | % | 1.75 | % | 37 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 16.66 | 0.23 | (0.53 | ) | (0.30 | ) | (0.29 | ) | — | (1.30 | ) | (1.59 | ) | 14.77 | 272,861 | (1.90 | ) | 0.72 | 0.72 | 1.48 | 66 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015(h) | 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 | ||||||||||||||||||||||||||||||||||||||||||
Ceredex Mid-Cap Value Equity Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 12.34 | 0.07 | 0.99 | 1.06 | — | — | — | — | 13.40 | 2,575,762 | 8.59 | 1.12 | 1.12 | 1.03 | 56 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 13.74 | 0.15 | (0.71 | ) | (0.56 | ) | (0.15 | ) | — | (0.69 | ) | (0.84 | ) | 12.34 | 2,717,761 | (3.85 | ) | 1.12 | 1.12 | 1.16 | 98 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 12.22 | 0.05 | 0.98 | 1.03 | — | — | — | — | 13.25 | 376,133 | 8.43 | 1.40 | 1.48 | 0.76 | 56 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 13.60 | 0.11 | (0.70 | ) | (0.59 | ) | (0.10 | ) | — | (0.69 | ) | (0.79 | ) | 12.22 | 397,599 | (4.11 | ) | 1.40 | 1.45 | 0.86 | 98 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 11.96 | 0.02 | 0.96 | 0.98 | — | — | — | — | 12.94 | 54,974 | 8.19 | 1.80 | 1.80 | 0.35 | 56 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 13.34 | 0.06 | (0.68 | ) | (0.62 | ) | (0.07 | ) | — | (0.69 | ) | (0.76 | ) | 11.96 | 64,160 | (4.49 | ) | 1.78 | 1.78 | 0.50 | 98 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 12.36 | 0.08 | 0.99 | 1.07 | — | — | — | — | 13.43 | 217,710 | 8.66 | 0.80 | 0.80 | 1.31 | 56 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 13.76 | 0.21 | (0.72 | ) | (0.51 | ) | (0.20 | ) | — | (0.69 | ) | (0.89 | ) | 12.36 | 192,640 | (3.45 | ) | 0.80 | 0.80 | 1.68 | 98 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015(h) | 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 | ||||||||||||||||||||||||||||||||||||||||||
Ceredex Small Cap Value Equity Fund† | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 11.30 | 0.06 | 1.36 | 1.42 | — | — | — | — | 12.72 | 788,348 | 12.57 | 1.24 | 1.24 | 0.97 | 7 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 15.59 | 0.13 | (0.50) | (0.37) | (0.20 | ) | — | (3.72 | ) | (3.92 | ) | 11.30 | 820,124 | (0.64 | ) | 1.21 | 1.21 | 0.93 | 36 | |||||||||||||||||||||||||||||||||||||||||
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 | )(i) | 0.05 | (0.12 | ) | — | (0.67 | ) | (0.79 | ) | 13.80 | 1,169,093 | 1.15 | 1.20 | 1.20 | 0.92 | 46 | |||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.96 | 0.04 | 1.32 | 1.36 | — | — | — | — | 12.32 | 121,189 | 12.41 | 1.55 | 1.57 | 0.67 | 7 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 15.25 | 0.08 | (0.50) | (0.42) | (0.15 | ) | — | (3.72 | ) | (3.87 | ) | 10.96 | 121,367 | (1.07 | )(j) | 1.55 | 1.55 | 0.62 | 36 | |||||||||||||||||||||||||||||||||||||||||
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 | )(i) | — | (0.08 | ) | — | (0.67 | ) | (0.75 | ) | 13.58 | 169,100 | 0.81 | 1.50 | 1.50 | 0.63 | 46 |
See Notes to Financial Highlights and Notes to Financial Statements.
34
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) | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $10.04 | $0.02 | $1.20 | $1.22 | $— | $— | $— | $— | $11.26 | $27,121 | 12.15 | % | 1.91 | % | 1.91 | % | 0.31 | % | 7 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 14.31 | 0.03 | (0.47 | ) | (0.44 | ) | (0.11 | ) | — | (3.72 | ) | (3.83 | ) | 10.04 | 27,410 | (1.34 | ) | 1.90 | 1.90 | 0.28 | 36 | |||||||||||||||||||||||||||||||||||||||
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 | )(i) | (0.09 | ) | (0.02 | ) | — | (0.67 | ) | (0.69 | ) | 12.98 | 38,107 | 0.12 | 2.20 | 2.20 | (0.08 | ) | 46 | ||||||||||||||||||||||||||||||||||||||
Innovative Growth Stock Fund†† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 19.11 | (0.12 | ) | 2.13 | 2.01 | — | — | — | — | 21.12 | 17,532 | 10.52 | 1.31 | 1.45 | (1.18 | ) | 15 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 21.49 | (0.26 | ) | (0.59 | ) | (0.85 | ) | — | — | (1.53 | ) | (1.53 | ) | 19.11 | 18,203 | (4.74 | ) | 1.31 | 1.39 | (1.20 | ) | 59 | ||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 18.37 | (0.13 | ) | 2.05 | 1.92 | — | — | — | — | 20.29 | 6,577 | 10.45 | 1.51 | 1.54 | (1.38 | ) | 15 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 20.76 | (0.29 | ) | (0.57 | ) | (0.86 | ) | — | — | (1.53 | ) | (1.53 | ) | 18.37 | 8,127 | (4.96 | ) | 1.49 | 1.49 | (1.38 | ) | 59 | ||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||
International Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.30 | 0.02 | 0.64 | 0.66 | — | — | — | — | 9.96 | 54,289 | 7.10 | 1.21 | 1.34 | 0.45 | 16 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.45 | 0.13 | (0.29 | ) | (0.16 | ) | (0.07 | ) | — | (0.92 | ) | (0.99 | ) | 9.30 | 28,756 | (1.59 | ) | 1.30 | 1.67 | 1.28 | 114 | |||||||||||||||||||||||||||||||||||||||
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 | (k) | 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 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.18 | 0.01 | 0.63 | 0.64 | — | — | — | — | 9.82 | 8,112 | 6.97 | 1.42 | 1.54 | 0.24 | 16 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.34 | 0.09 | (0.27 | ) | (0.18 | ) | (0.06 | ) | — | (0.92 | ) | (0.98 | ) | 9.18 | 3,756 | (1.77 | ) | 1.51 | 1.77 | 0.89 | 114 | |||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.31 | 0.03 | 0.63 | 0.66 | — | — | — | — | 9.97 | 6,885 | 7.09 | 1.10 | 1.24 | 0.66 | 16 | |||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2016(l) | 9.85 | — | (g) | 0.38 | 0.38 | — | — | (0.92 | ) | (0.92 | ) | 9.31 | 5,832 | 3.81 | 1.14 | 1.54 | 0.09 | 114 |
See Notes to Financial Highlights and Notes to Financial Statements.
35
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) | ||||||||||||||||||||||||||||||||||||||||||||||
Silvant Large Cap Growth Stock Fund††† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $9.38 | $(0.01 | ) | $0.22 | $0.21 | $— | $— | $— | $— | $9.59 | $100,546 | 2.24 | % | 0.97 | % | 1.26 | % | (0.19 | )% | 20 | % | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.32 | (0.02 | ) | (0.12 | ) | (0.14 | ) | — | — | (0.80 | ) | (0.80 | ) | 9.38 | 110,562 | (1.79 | ) | 0.97 | 1.24 | (0.15 | ) | 10 | ||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 7.81 | (0.02 | ) | 0.19 | 0.17 | — | — | — | — | 7.98 | 60,756 | 2.18 | 1.23 | 1.23 | (0.44 | ) | 20 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.75 | (0.03 | ) | (0.11 | ) | (0.14 | ) | — | — | (0.80 | ) | (0.80 | ) | 7.81 | 62,115 | (2.13 | ) | 1.20 | 1.21 | (0.39 | ) | 10 | ||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 5.45 | (0.03 | ) | 0.12 | 0.09 | — | — | — | — | 5.54 | 37,791 | 1.65 | 1.90 | 1.90 | (1.12 | ) | 20 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 6.38 | (0.06 | ) | (0.07 | ) | (0.13 | ) | — | — | (0.80 | ) | (0.80 | ) | 5.45 | 40,086 | (2.77 | ) | 1.88 | 1.89 | (1.06 | ) | 10 | ||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.39 | (0.01 | ) | 0.23 | 0.22 | — | — | — | — | 9.61 | 30,854 | 2.34 | 0.90 | 0.90 | (0.12 | ) | 20 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.33 | (0.01 | ) | (0.13 | ) | (0.14 | ) | — | — | (0.80 | ) | (0.80 | ) | 9.39 | 37,087 | (1.80 | ) | 0.88 | 0.89 | (0.06 | ) | 10 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015(h) | 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 | |||||||||||||||||||||||||||||||||||||||||||
Silvant Small Cap Growth Stock Fund††† |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.52 | (0.02 | ) | 1.05 | 1.03 | — | — | — | — | 9.55 | 31,695 | 12.09 | 1.30 | 1.46 | (0.52 | ) | 30 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 14.83 | (0.10 | ) | (1.54 | ) | (1.64 | ) | — | — | (4.67 | ) | (4.67 | ) | 8.52 | 36,436 | (13.36 | )(j) | 1.30 | 1.39 | (0.74 | ) | 73 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 16.82 | (0.14 | ) | 0.65 | 0.51 | — | — | (2.50 | ) | (2.50 | ) | 14.83 | 126,223 | 4.31 | (j) | 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 | (i) | 0.04 | — | — | — | — | 17.21 | 267,694 | 0.23 | 1.23 | 1.23 | (0.62 | ) | 71 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 7.13 | (0.02 | ) | 0.88 | 0.86 | — | — | — | — | 7.99 | 7,326 | 12.06 | 1.41 | 1.44 | (0.63 | ) | 30 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 13.23 | (0.08 | ) | (1.35 | ) | (1.43 | ) | — | — | (4.67 | ) | (4.67 | ) | 7.13 | 6,856 | (13.38 | ) | 1.37 | 1.37 | (0.76 | ) | 73 | ||||||||||||||||||||||||||||||||||||||
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 | (i) | (0.01 | ) | — | — | — | — | 16.18 | 10,032 | (0.06 | ) | 1.54 | 1.54 | (0.91 | ) | 71 |
See Notes to Financial Highlights and Notes to Financial Statements.
36
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) | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $3.88 | $(0.03 | ) | $0.48 | $0.45 | $— | $— | $— | $— | $4.33 | $4,781 | 11.60 | % | 2.07 | % | 2.10 | % | (1.29 | )% | 30 | % | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 9.53 | (0.10 | ) | (0.88 | ) | (0.98 | ) | — | — | (4.67 | ) | (4.67 | ) | 3.88 | 4,686 | (13.91 | ) | 2.02 | 2.02 | (1.40 | ) | 73 | ||||||||||||||||||||||||||||||||||||||
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 | (i) | (0.10 | ) | — | — | — | — | 13.91 | 8,129 | (0.71 | ) | 2.24 | 2.24 | (1.61 | ) | 71 | ||||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.57 | (0.01 | ) | 1.07 | 1.06 | — | — | — | — | 9.63 | 3,744 | 12.37 | 1.07 | 1.10 | (0.29 | ) | 30 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 14.85 | (0.05 | ) | (1.56 | ) | (1.61 | ) | — | — | (4.67 | ) | (4.67 | ) | 8.57 | 3,289 | (13.13 | ) | 1.02 | 1.02 | (0.42 | ) | 73 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015(h) | 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 | |||||||||||||||||||||||||||||||||||||||||
Aggressive Growth Allocation Strategy(m) |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 6.00 | 0.01 | 0.32 | 0.33 | — | — | — | — | 6.33 | 2,631 | 5.50 | 0.50 | 1.77 | 0.29 | 8 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 7.97 | 0.06 | (0.41 | ) | (0.35 | ) | (0.07 | ) | — | (1.55 | ) | (1.62 | ) | 6.00 | 2,582 | (4.67 | ) | 0.50 | 1.55 | 0.77 | 43 | |||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 5.91 | — | (g) | 0.32 | 0.32 | — | — | — | — | 6.23 | 3,465 | 5.41 | 0.70 | 1.78 | 0.08 | 8 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 7.87 | 0.04 | (0.40 | ) | (0.36 | ) | (0.05 | ) | — | (1.55 | ) | (1.60 | ) | 5.91 | 3,807 | (4.88 | ) | 0.70 | 1.57 | 0.52 | 43 | |||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 5.67 | (0.01 | ) | 0.30 | 0.29 | — | — | — | — | 5.96 | 622 | 5.11 | 1.30 | 2.44 | (0.51 | ) | 8 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 7.61 | — | (g) | (0.38 | ) | (0.38 | ) | (0.01 | ) | — | (1.55 | ) | (1.56 | ) | 5.67 | 695 | (5.31 | ) | 1.30 | 2.23 | (0.01 | ) | 43 | |||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||
Conservative Allocation Strategy(m) |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 12.01 | 0.08 | 0.39 | 0.47 | — | — | — | — | 12.48 | 24,690 | 3.91 | 0.30 | 0.44 | 1.35 | 3 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 12.76 | 0.20 | (0.42 | ) | (0.22 | ) | (0.22 | ) | — | (0.31 | ) | (0.53 | ) | 12.01 | 31,067 | (1.73 | ) | 0.30 | 0.44 | 1.65 | 40 | |||||||||||||||||||||||||||||||||||||||
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 | (j) | 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 | (j) | 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 |
See Notes to Financial Highlights and Notes to Financial Statements.
37
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, 2016^ | $12.01 | $0.06 | $0.39 | $0.45 | $— | $— | $— | $— | $12.46 | $12,794 | 3.75 | % | 0.60 | % | 0.68 | % | 1.05 | % | 3 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 12.75 | 0.16 | (0.41 | ) | (0.25 | ) | (0.18 | ) | — | (0.31 | ) | (0.49 | ) | 12.01 | 14,462 | (1.98 | ) | 0.60 | 0.67 | 1.33 | 40 | |||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 11.86 | 0.02 | 0.39 | 0.41 | — | — | — | — | 12.27 | 18,718 | 3.46 | 1.30 | 1.33 | 0.35 | 3 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 12.61 | 0.08 | (0.42 | ) | (0.34 | ) | (0.10 | ) | — | (0.31 | ) | (0.41 | ) | 11.86 | 19,136 | (2.71 | ) | 1.30 | 1.32 | 0.65 | 40 | |||||||||||||||||||||||||||||||||||||||
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 | (j) | 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 | (j) | 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 | ||||||||||||||||||||||||||||||||||||||||||
Growth Allocation Strategy(m) |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.13 | 0.02 | 0.51 | 0.53 | — | — | — | — | 10.66 | 33,184 | 5.23 | 0.50 | 0.77 | 0.44 | 5 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.46 | 0.10 | (0.52 | ) | (0.42 | ) | (0.12 | ) | — | (0.79 | ) | (0.91 | ) | 10.13 | 38,194 | (3.74 | ) | 0.50 | 0.70 | 0.91 | 29 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.07 | 0.01 | 0.52 | 0.53 | — | — | — | — | 10.60 | 6,121 | 5.26 | 0.70 | 0.73 | 0.24 | 5 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.41 | 0.08 | (0.53 | ) | (0.45 | ) | (0.10 | ) | — | (0.79 | ) | (0.89 | ) | 10.07 | 7,255 | (4.02 | ) | 0.67 | 0.67 | 0.74 | 29 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.84 | (0.02 | ) | 0.50 | 0.48 | — | — | — | — | 10.32 | 2,442 | 4.88 | 1.30 | 1.38 | (0.35 | ) | 5 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.18 | 0.01 | (0.52 | ) | (0.51 | ) | (0.04 | ) | — | (0.79 | ) | (0.83 | ) | 9.84 | 2,613 | (4.60 | ) | 1.30 | 1.31 | 0.08 | 29 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
Moderate Allocation Strategy(m) |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.05 | 0.04 | 0.37 | 0.41 | — | — | — | — | 9.46 | 35,252 | 4.53 | 0.50 | 0.72 | 0.78 | 4 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.07 | 0.11 | (0.43 | ) | (0.32 | ) | (0.18 | ) | — | (1.52 | ) | (1.70 | ) | 9.05 | 45,980 | (2.96 | ) | 0.50 | 0.57 | 1.08 | 26 | |||||||||||||||||||||||||||||||||||||||
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 |
See Notes to Financial Highlights and Notes to Financial Statements.
38
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, 2016^ | $9.01 | $0.03 | $0.37 | $0.40 | $— | $— | $— | $— | $9.41 | $10,877 | 4.44 | % | 0.70 | % | 0.72 | % | 0.59 | % | 4 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.04 | 0.11 | (0.45 | ) | (0.34 | ) | (0.17 | ) | — | (1.52 | ) | (1.69 | ) | 9.01 | 11,972 | (3.13 | ) | 0.68 | 0.68 | 1.05 | 26 | |||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.93 | — | (g) | 0.37 | 0.37 | — | — | — | — | 9.30 | 10,909 | 4.14 | 1.30 | 1.32 | (0.01 | ) | 4 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.95 | 0.05 | (0.44 | ) | (0.39 | ) | (0.11 | ) | — | (1.52 | ) | (1.63 | ) | 8.93 | 11,279 | (3.65 | ) | 1.26 | 1.26 | 0.45 | 26 | |||||||||||||||||||||||||||||||||||||||
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 |
See Notes to Financial Highlights and Notes to Financial Statements.
39
Table of Contents
NOTES TO FINANCIAL HIGHLIGHTS
† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
†† | Formerly Aggressive Growth Stock Fund. |
††† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Silvant”. |
^ | 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 Fund had a fiscal year end change from November 30 to March 31 and adopted the historical performance of its corresponding Predecessor Fund. The returns may differ from the management’s discussion of Fund performance due to the historical performance of the Predecessor Fund (See Note 8). |
(f) | The Fund commenced operations on September 28, 2012. |
(g) | Rounds to less than $0.005 per share |
(h) | IS Shares commenced operations on August 1, 2014. |
(i) | 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. |
(j) | Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes, and as such, the net asset values for shareholder transactions and the returns based on those net asset values may differ from the net asset values and returns reported in the management’s discussion of Fund performance. |
(k) | 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. |
(l) | IS Shares commenced operations on September 1, 2015. |
(m) | 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. |
40
Table of Contents
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
1. | Organization |
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 Capital Innovations Global Resources and Infrastructure Fund, Ceredex Large Cap Value Equity Fund (formerly, “Large Cap Value Equity Fund”), Ceredex Mid-Cap Value Equity Fund (formerly, “Mid-Cap Value Equity Fund”), Ceredex Small Cap Value Equity Fund (formerly, “Small Cap Value Equity Fund”), Innovative Growth Stock Fund (formerly, “Aggressive Growth Stock Fund”), International Equity Fund, Silvant Large Cap Growth Stock Fund (formerly, “Large Cap Growth Stock Fund”), Silvant Small Cap Growth Stock Fund (formerly, “Small Cap Growth Stock 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. Effective the close of business on February 19, 2016, Capital Innovations Global Resources and Infrastructure Fund, a new series of the Trust, acquired the assets and assumed the liabilities of the Capital Innovations Global Agri, Timber, Infrastructure Fund (“Predecessor Fund”), a series of Investment Managers Series Trust, in a tax-free reorganization.
The Innovative Growth Stock Fund offers I Shares and A Shares. The International Equity Fund offers I Shares, A Shares and IS Shares. The Capital Innovations Global Resources and Infrastructure Fund, Ceredex 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 Ceredex Large Cap Value Equity Fund, Ceredex Mid-Cap Value Equity Fund, Silvant Large Cap Growth Stock Fund and Silvant 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 and the Shareholder Servicing Plan (“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.
The Funds are each an investment company and accordingly follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Codification Topic 946 (“ASC Topic 946”) Financial Services — Investment Companies.
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”).
41
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
The Funds, in accordance with GAAP, have adopted FASB 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 are classified as Level 1 prices, which includes 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 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. Exchange Traded Funds are traded on a securities exchange. The market prices of index-based investments will fluctuate in accordance with changes in the underlying portfolio securities of the investment company and also due to supply and demand of the investment company’s shares on the exchange upon which the shares are traded.
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,
42
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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.
The following is a summary of the inputs used in valuing the Funds’ assets and liabilities carried at fair value as of September 30, 2016:
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | $4,362,875 | $— | $— | $4,362,875 | ||||||||||||
Money Market Fund | 13,125 | — | — | 13,125 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 4,376,000 | — | — | 4,376,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Ceredex Large Cap Value Equity Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 2,060,684,113 | — | — | 2,060,684,113 | ||||||||||||
Money Market Funds | 73,689,861 | — | — | 73,689,861 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 2,134,373,974 | — | — | 2,134,373,974 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Ceredex Mid-Cap Value Equity Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 3,188,003,376 | — | — | 3,188,003,376 | ||||||||||||
Money Market Funds | 85,857,108 | — | — | 85,857,108 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,273,860,484 | — | — | 3,273,860,484 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Ceredex Small Cap Value Equity Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 926,109,057 | — | — | 926,109,057 | ||||||||||||
Money Market Fund | 12,459,071 | — | — | 12,459,071 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 938,568,128 | — | — | 938,568,128 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Innovative Growth Stock Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 24,129,083 | — | — | 24,129,083 | ||||||||||||
Money Market Fund | 53,929 | — | — | 53,929 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 24,183,012 | — | — | 24,183,012 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
International Equity Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | ||||||||||||||||
Australia | — | 2,887,767 | — | 2,887,767 | ||||||||||||
Bermuda | 1,270,200 | — | — | 1,270,200 | ||||||||||||
Brazil | 1,409,713 | — | — | 1,409,713 | ||||||||||||
Canada | 4,596,875 | — | — | 4,596,875 | ||||||||||||
China | 2,126,340 | 3,197,812 | — | 5,324,152 | ||||||||||||
Denmark | 7,674,638 | — | — | 7,674,638 | ||||||||||||
France | 5,137,677 | — | — | 5,137,677 | ||||||||||||
Germany | 1,552,992 | — | — | 1,552,992 | ||||||||||||
India | 2,192,429 | — | — | 2,192,429 | ||||||||||||
Ireland | 5,604,776 | — | — | 5,604,776 | ||||||||||||
Japan | — | 4,087,437 | — | 4,087,437 | ||||||||||||
Mexico | 1,018,441 | — | — | 1,018,441 | ||||||||||||
Netherlands | 3,577,359 | — | — | 3,577,359 | ||||||||||||
South Africa | 1,666,477 | — | — | 1,666,477 | ||||||||||||
Spain | 1,077,084 | — | — | 1,077,084 | ||||||||||||
Switzerland | 7,791,561 | — | — | 7,791,561 | ||||||||||||
Taiwan | 3,027,951 | — | — | 3,027,951 | ||||||||||||
United Kingdom | 5,314,922 | — | — | 5,314,922 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Common Stocks | 55,039,435 | 10,173,016 | — | 65,212,451 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Money Market Funds | 5,187,720 | — | — | 5,187,720 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 60,227,155 | 10,173,016 | — | 70,400,171 | ||||||||||||
|
|
|
|
|
|
|
|
43
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Silvant Large Cap Growth Stock Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | $228,147,399 | $— | $— | $228,147,399 | ||||||||||||
Money Market Funds | 6,422,861 | — | — | 6,422,861 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 234,570,260 | — | — | 234,570,260 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Silvant Small Cap Growth Stock Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 47,437,201 | — | — | 47,437,201 | ||||||||||||
Money Market Funds | 6,237,334 | — | — | 6,237,334 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 53,674,535 | — | — | 53,674,535 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Aggressive Growth Allocation Strategy2 | ||||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 4,680,986 | — | — | 4,680,986 | ||||||||||||
Fixed Income Funds | 455,923 | — | — | 455,923 | ||||||||||||
Exchange Traded Funds | 1,540,583 | — | — | 1,540,583 | ||||||||||||
Money Market Fund | 60,351 | — | — | 60,351 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 6,737,843 | — | — | 6,737,843 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Conservative Allocation Strategy2 | ||||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 16,750,714 | — | — | 16,750,714 | ||||||||||||
Fixed Income Funds | 22,134,940 | — | — | 22,134,940 | ||||||||||||
Exchange Traded Funds | 17,038,688 | — | — | 17,038,688 | ||||||||||||
Money Market Fund | 376,861 | — | — | 376,861 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 56,301,203 | — | — | 56,301,203 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Growth Allocation Strategy2 | ||||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 25,877,844 | — | — | 25,877,844 | ||||||||||||
Fixed Income Funds | 5,900,116 | — | — | 5,900,116 | ||||||||||||
Exchange Traded Funds | 9,633,754 | — | — | 9,633,754 | ||||||||||||
Money Market Fund | 326,320 | — | — | 326,320 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 41,738,034 | — | — | 41,738,034 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Moderate Allocation Strategy2 | ||||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 26,395,956 | — | — | 26,395,956 | ||||||||||||
Fixed Income Funds | 14,487,687 | — | — | 14,487,687 | ||||||||||||
Exchange Traded Funds | 15,968,689 | — | — | 15,968,689 | ||||||||||||
Money Market Fund | 394,786 | — | — | 394,786 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 57,247,118 | — | — | 57,247,118 | ||||||||||||
|
|
|
|
|
|
|
|
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, 2016, securities valued at $25,793,648 were transferred from Level 2 to Level 1 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 no longer being applied to their equity prices as of September 30, 2016.
(b) Security Transactions and Investment Income — Security transactions are accounted for on a trade date basis. Domestic and foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the
44
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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. 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 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) 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.
(g) 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. For Ceredex Large Cap Value Fund, Ceredex Mid-Cap Value Equity Fund, International Equity Fund, Silvant Large Cap Growth Stock Fund and Silvant Small Cap Growth Stock Fund, all of the securities on loan are classified as Common Stock in each Fund’s Schedule of Investments, and remaining contractual maturity of agreements are classified as overnight and continuous as of September 30, 2016.
(h) 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
45
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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.
(i) 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, 2016, the Funds did not have any restricted securities.
(j) 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 risks 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.
(k) 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, as amended (the “Code”), 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, 2016, 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. As of September 30, 2016, open tax years include the tax years of March 31, 2014 through 2017.
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.
(l) 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.
(m) 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 Company (“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
46
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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 0.17% 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. As of September 30, 2016, the Funds had no 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 | ||||||||||||
Innovative Growth Stock Fund | $722 | $203,147 | 1.73 | % | 74 | |||||||||||
Silvant Large Cap Growth Stock Fund | 117 | 624,423 | 1.69 | 4 | ||||||||||||
Silvant Small Cap Growth Stock Fund | 245 | 301,212 | 1.71 | 17 |
(n) Master Limited Partnership — Certain Funds may invest in domestic master limited partnership (“MLPs”). MLPs are publicly traded companies organized as limited partnerships or limited liability companies and treated as partnerships for federal income tax purposes. An investment in MLP units involves risks in addition to the risks associated with a similar investment in equity securities, such as common stock, of a corporation. As compared to common shareholders of a corporation, holders of MLP units have more limited control and limited rights to vote on matters affecting the partnership. Additional risks inherent to investments in MLP units include cash flow risk, tax risk, risk associated with a potential conflict of interest between unit holders and the MLP’s general partner, and capital markets risk. Moreover, the value of the Fund’s investment in MLPs depends largely on the MLPs being treated as partnerships for U.S. federal income tax purposes. If an MLP does not meet current legal requirements to maintain eligibility for partnership tax treatment, or if it is unable to do so because of tax law changes, it could be taxed as a corporation and there could be a material decrease in the value of its securities. Certain MLP securities may trade in lower volumes due to their smaller capitalizations. Accordingly, those MLPs may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price. MLPs are generally considered interest-rate sensitive investments. During periods of interest rate volatility, these investments may not provide attractive returns.
Distributions received from each Fund’s investments in MLPs may be comprised of both income and return of capital. Each Fund records investment income and return of capital based on estimates made at the time such distributions are received. Such estimates are based on historical information available from each MLP and other industry sources. These estimates may subsequently be revised based on information received from MLPs after their tax reporting periods are concluded.
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 which, along with certain unaffiliated advisory firms, serve as subadvisers to the Funds (“Subadvisers”). The Subadvisers for each of the Funds, other than the Allocation Strategies, which are not subadvised, are as follows: Capital Innovations LLC serves as the Subadviser for the Capital Innovations Global Resources and Infrastructure Fund; Ceredex Value Advisors LLC serves as the Subadviser for the Ceredex Large Cap Value Equity Fund, Ceredex Mid-Cap Value Equity Fund and Ceredex Small Cap Value Equity Fund; WCM Investment Management serves as the Subadviser for the International Equity Fund; Silvant Capital Management LLC serves as the Subadviser for the Silvant Large Cap Growth Stock Fund and Silvant Small Cap Growth Stock Fund; and Zevenbergen Capital Investments LLC serves as the Subadviser for the Innovative Growth Stock Fund. Zevenbergen Capital Investments LLC is a minority-owned subsidiary of the Investment Adviser. Capital Innovations LLC and WCM Investment Management are not affiliated with the Investment Adviser. Each of the other Subadvisers is a wholly-owned subsidiary of the Investment Adviser. The Investment Adviser pays the Subadvisers out of the investment advisory fees it receives from the Funds.
47
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
The Predecessor Fund had an Advisory Agreement with Liberty Street Advisors, Inc. (“Liberty Street”). Liberty Street engaged Capital Innovations LLC (the “Sub-Advisor”) to manage the Fund and paid the Sub-Advisor from its advisory fees.
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, 2016 were as follows:
Fund | Maximum Annual Advisory Fee | Discounted Annual Advisory Fee | Advisory Fees Waived | Net Annual Fees Paid* | ||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | 1.00 | % | 1.00 | % | (0.94 | )% | 0.06 | % | ||||||||
Ceredex Large Cap Value Equity Fund | 0.70 | 0.65 | — | 0.65 | ||||||||||||
Ceredex Mid-Cap Value Equity Fund | 0.75 | 0.69 | — | 0.69 | ||||||||||||
Ceredex Small Cap Value Equity Fund | 0.85 | 0.83 | — | 0.83 | ||||||||||||
Innovative Growth Stock Fund | 0.85 | 0.85 | — | 0.85 | ||||||||||||
International Equity Fund | 0.85 | 0.85 | (0.13 | ) | 0.72 | |||||||||||
Silvant Large Cap Growth Stock Fund | 0.70 | 0.70 | — | 0.70 | ||||||||||||
Silvant Small Cap Growth Stock Fund | 0.85 | 0.85 | (0.03 | ) | 0.82 | |||||||||||
Aggressive Growth Allocation Strategy | 0.10 | 0.10 | (0.10 | ) | — | |||||||||||
Conservative Allocation Strategy | 0.10 | 0.10 | (0.02 | ) | 0.08 | |||||||||||
Growth Allocation Strategy | 0.10 | 0.10 | — | 0.10 | ||||||||||||
Moderate Allocation Strategy | 0.10 | 0.10 | — | 0.10 |
* | 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%.
The Investment Adviser and the applicable Subadviser have contractually agreed, until at least August 1, 2017, 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 | ||||||||||||||||
Fund | I Shares | A Shares | C Shares | IS Shares | ||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | 1.15 | % | 1.40 | % | 2.15 | % | N/A | % | ||||||||
Ceredex Large Cap Value Equity Fund* | 0.97 | 1.24 | 1.90 | 0.85 | ||||||||||||
Ceredex Mid-Cap Value Equity Fund* | 1.15 | 1.38 | 1.95 | 0.95 | ||||||||||||
Ceredex Small Cap Value Equity Fund | 1.30 | 1.55 | 2.15 | N/A | ||||||||||||
Innovative Growth Stock Fund | 1.30 | 1.50 | N/A | N/A | ||||||||||||
International Equity Fund* | 1.25 | 1.48 | N/A | 1.10 | ||||||||||||
Silvant Large Cap Growth Stock Fund* | 0.97 | 1.23 | 1.95 | 0.95 | ||||||||||||
Silvant Small Cap Growth Stock Fund* | 1.30 | 1.50 | 2.15 | 1.10 | ||||||||||||
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 ended July 31, 2016 the Contractual Expense Limitations were as follows: |
48
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Fund | I Shares | A Shares | C Shares | IS Shares | ||||||||||||
Ceredex Large Cap Value Equity Fund | 0.97 | % | 1.27 | % | 1.97 | % | 0.85 | % | ||||||||
Ceredex Mid-Cap Value Equity Fund | 1.15 | 1.40 | 1.95 | 0.95 | ||||||||||||
International Equity Fund | 1.25 | 1.50 | N/A | 1.10 | ||||||||||||
Silvant Large Cap Growth Stock Fund | 0.97 | 1.25 | 1.95 | 0.90 | ||||||||||||
Silvant Small Cap Growth Stock Fund | 1.30 | 1.50 | 2.20 | 1.05 |
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, if lower, the contractual expense limitation in place at the time of the waiver or reimbursement. Under certain circumstances, the Investment Adviser may choose to voluntarily waive fees. In the event that the Investment Adviser voluntarily waives any fees, these waived fees are not subject to recoupment by the Investment Adviser. During the period ended September 30, 2016, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. As of September 30, 2016, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:
Expires | ||||||||||||||||
Fund | 2017 | 2018 | 2019 | 2020 | ||||||||||||
Capital Innovations Global Resources and Infrastructure Fund* | ||||||||||||||||
I Shares | $N/A | $N/A | $46,237 | $12,029 | ||||||||||||
A Shares | N/A | N/A | 26,974 | 6,277 | ||||||||||||
C Shares | N/A | N/A | 4,936 | 972 | ||||||||||||
Ceredex Large Cap Value Equity Fund | ||||||||||||||||
I Shares | 2,475,540 | 2,390,881 | 2,067,589 | 924,546 | ||||||||||||
A Shares | 593,695 | 453,683 | 390,166 | 200,756 | ||||||||||||
Ceredex Mid-Cap Value Equity Fund | ||||||||||||||||
I Shares | 133,034 | — | — | — | ||||||||||||
A Shares | 304,916 | 26,241 | 239,140 | 156,851 | ||||||||||||
Ceredex Small Cap Value Equity Fund | ||||||||||||||||
A Shares | — | — | — | 10,706 | ||||||||||||
Innovative Growth Stock Fund | ||||||||||||||||
I Shares | 21,142 | 10,874 | 17,391 | 12,349 | ||||||||||||
A Shares | — | — | — | 1,368 | ||||||||||||
International Equity Fund | ||||||||||||||||
I Shares | 386 | 23,969 | 66,136 | 25,800 | ||||||||||||
A Shares | 2 | 4,126 | 10,239 | 2,953 | ||||||||||||
IS Shares | N/A | — | 18,119 | 3,845 | ||||||||||||
Silvant Large Cap Growth Stock Fund | ||||||||||||||||
I Shares | 313,723 | 320,304 | 317,821 | 151,442 | ||||||||||||
A Shares | 9,316 | 9,682 | 5,667 | 562 | ||||||||||||
C Shares | 48 | 5,537 | 3,911 | — | ||||||||||||
IS Shares | — | 7,840 | 4,354 | — | ||||||||||||
Silvant Small Cap Growth Stock Fund | ||||||||||||||||
I Shares | 78,271 | 79,058 | 63,957 | 26,787 | ||||||||||||
A Shares | — | — | — | 959 | ||||||||||||
C Shares | — | — | — | 633 | ||||||||||||
IS Shares | — | — | — | 459 |
49
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Expires | ||||||||||||||||
Fund | 2017 | 2018 | 2019 | 2020 | ||||||||||||
Aggressive Growth Allocation Strategy | ||||||||||||||||
I Shares | $72,017 | $65,598 | $41,920 | $16,394 | ||||||||||||
A Shares | 11,082 | 19,551 | 35,209 | 19,365 | ||||||||||||
C Shares | 1,720 | 3,042 | 6,291 | 3,926 | ||||||||||||
Conservative Allocation Strategy | ||||||||||||||||
I Shares | 23,178 | 45,720 | 43,476 | 20,733 | ||||||||||||
A Shares | 10,176 | 11,261 | 9,950 | 5,643 | ||||||||||||
C Shares | 4,043 | 5,643 | 3,732 | 2,212 | ||||||||||||
Growth Allocation Strategy | ||||||||||||||||
I Shares | 90,194 | 100,956 | 92,695 | 45,775 | ||||||||||||
A Shares | — | — | — | 1,065 | ||||||||||||
C Shares | — | — | 288 | 940 | ||||||||||||
Moderate Allocation Strategy | ||||||||||||||||
I Shares | 48,002 | 21,110 | 48,623 | 42,003 | ||||||||||||
A Shares | — | — | — | 1,177 | ||||||||||||
C Shares | — | — | — | 864 |
* | For the year ended November 30, 2015, Liberty Street waived all its fees and absorbed other expenses totaling $246,563. Liberty Street was able to recover from the Predecessor Fund fees and/or expenses previously waived and/or absorbed, if the Predecessor Fund’s expense ratio, including the recovered expenses, fell below the expense at which they were waived. Liberty Street was permitted to seek reimbursement from the Predecessor Fund for a period of three fiscal years following the fiscal year in which such reimbursements occurred. The amounts waived on the Predecessor Fund are not eligible for recapture by Liberty Street or the Investment Adviser. |
Amounts designated as “—” are $0.
Fund Accounting, Custody, Administration, and Transfer Agency — 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. UMB Fund Services, Inc. (“UMBFS”) served as the Predecessor Fund’s fund accountant, transfer agent and co-administrator; and Mutual Fund Administration, LLC (“MFAC”) served as the Fund’s other co-administrator. UMB Bank, n.a., an affiliate of UMBFS, served as the Predecessor Fund’s custodian.
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. Foreside Fund Services, LLC (the “Predecessor Distributor”) served as the Predecessor Fund’s distributor.
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, 2016, the Distributor did not retain any of the front end sales charges assessed on the sale of A Shares. For the period ended September 30, 2016, the Distributor did not retain any
50
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
commissions from contingent deferred sales charges assessed on the redemption of C Shares. These fees, expressed as a percentage of average daily net assets, for the period ended September 30, 2016, were as follows:
Fund | A Shares Distribution and Service Fee | C Shares Distribution and Service Fee | ||||||
Capital Innovations Global Resources and Infrastructure Fund | 0.25 | % | 1.00 | % | ||||
Ceredex Large Cap Value Equity Fund | 0.30 | 1.00 | ||||||
Ceredex Mid-Cap Value Equity Fund | 0.30 | 1.00 | ||||||
Ceredex Small Cap Value Equity Fund | 0.30 | 1.00 | ||||||
Innovative Growth Stock Fund | 0.30 | N/A | ||||||
International Equity Fund | 0.30 | N/A | ||||||
Silvant Large Cap Growth Stock Fund | 0.30 | 1.00 | ||||||
Silvant Small Cap Growth Stock 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.
Compliance & Fund Services 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, 2016, the Investment Adviser was paid $521,710 for these services. Foreside Fund Officer Services, LLC (‘‘FFOS’’), an affiliate of the Distributor, provides an Anti-Money Laundering Officer/Identity Theft Prevention Officer (“AML Officer”) to the Trust. Effective October 2015, Foreside Management Services, LLC (“FMS”), an affiliate of the Distributor, provides Principal Financial Officer (“PFO”) support services to the Trust. Fees paid to FFOS and FMS pursuant to these agreements are reflected on the Statements of Operations as a component of the caption “Other Fees”.
Neither FFOS 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. Dziura Compliance Consulting, LLC. provided Chief Compliance Officer services to the Trust of the Predecessor Fund.
Certain officers of the Trust are also officers or employees of the Investment Adviser, FFOS 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. Certain trustees and officers of the Predecessor Fund are employees of UMBFS or MFAC. The Predecessor Fund did not compensate trustees and officers affiliated with the Predecessor Fund’s co-administrators. For the year ended November 30, 2015, the Predecessor Fund’s allocated fees incurred to Trustees who are not affiliated with the Fund’s co-administrators are reported on the Statement of Operations.
51
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
4. | Capital Stock Transactions |
Transactions in capital shares and dollars for the fiscal year ended March 31, 2016 and the period ended September 30, 2016 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 | |||||||||||||||||||||||||||||||||||||
Capital Innovations Global Resources and Infrastructure Fund* |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 96,548 | — | — | (41,599 | ) | — | 54,949 | $943,186 | $— | $— | $(400,204 | ) | $— | $542,982 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 3,035 | — | 5,161 | (128,484 | ) | — | (120,288 | ) | 59,395 | — | 46,705 | (1,183,254 | ) | — | (1,077,154 | ) | ||||||||||||||||||||||||||||||||
11/30/2015 | 151,688 | — | 9,145 | (882,873 | ) | — | (722,040 | ) | 1,779,840 | — | 97,384 | (9,919,217 | ) | — | (8,041,993 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 8,187 | — | — | (16,300 | ) | — | (8,113 | ) | 77,863 | — | — | (158,327 | ) | — | (80,464 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 43,130 | — | 3,308 | (85,449 | ) | — | (39,011 | ) | 370,255 | — | 29,907 | (757,555 | ) | — | (357,393 | ) | ||||||||||||||||||||||||||||||||
11/30/2015 | 21,244 | — | 3,097 | (103,382 | ) | — | (79,041 | ) | 243,958 | — | 31,531 | (1,100,279 | ) | — | (824,790 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 2,332 | — | — | (3,462 | ) | — | (1,130 | ) | 24,000 | — | — | (33,386 | ) | — | (9,386 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 74 | — | 327 | (8,998 | ) | — | (8,597 | ) | 600 | — | 2,921 | (78,504 | ) | — | (74,983 | ) | ||||||||||||||||||||||||||||||||
11/30/2015 | 383 | — | 254 | (32,148 | ) | — | (31,511 | ) | 4,143 | — | 2,464 | (359,224 | ) | — | (352,617 | ) | ||||||||||||||||||||||||||||||||
Ceredex Large Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 7,095,683 | — | — | (12,634,364 | ) | — | (5,538,681 | ) | 109,009,503 | — | — | (194,537,686 | ) | — | (85,528,183 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 20,150,176 | — | 10,337,408 | (48,665,920 | ) | — | (18,178,336 | ) | 313,559,680 | — | 153,510,502 | (757,220,055 | ) | — | (290,149,873 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,052,507 | — | — | (3,501,488 | ) | — | (2,448,981 | ) | 15,969,031 | — | — | (52,891,262 | ) | — | (36,922,231 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 5,044,971 | — | 2,344,910 | (10,555,409 | ) | — | (3,165,528 | ) | 77,627,924 | — | 34,587,431 | (162,541,146 | ) | — | (50,325,791 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 21,217 | — | — | (124,718 | ) | — | (103,501 | ) | 314,663 | — | — | (1,853,707 | ) | — | (1,539,044 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 168,986 | — | 104,345 | (252,165 | ) | — | 21,166 | 2,586,038 | — | 1,506,746 | (3,803,478 | ) | — | 289,306 | ||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,208,328 | — | — | (2,029,341 | ) | — | (821,013 | ) | 18,759,601 | — | — | (31,109,548 | ) | — | (12,349,947 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 17,756,283 | — | 695,598 | (2,231,219 | ) | — | 16,220,662 | 272,105,222 | — | 10,357,452 | (35,798,821 | ) | — | 246,663,853 | ||||||||||||||||||||||||||||||||||
Ceredex Mid-Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 26,794,855 | — | — | (54,751,636 | ) | — | (27,956,781 | ) | 347,945,109 | — | — | (702,161,381 | ) | — | (354,216,272 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 70,932,507 | — | 15,470,227 | (124,771,969 | ) | ��� | (38,369,235 | ) | 944,525,295 | — | 185,642,714 | (1,588,015,202 | ) | — | (457,847,193 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 3,165,124 | — | — | (7,309,317 | ) | — | (4,144,193 | ) | 39,710,529 | — | — | (92,053,541 | ) | — | (52,343,012 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 8,310,004 | — | 2,239,506 | (21,427,055 | ) | — | (10,877,545 | ) | 103,995,201 | — | 26,627,731 | (269,580,637 | ) | — | (138,957,705 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 169,860 | — | — | (1,285,648 | ) | — | (1,115,788 | ) | 2,095,895 | — | — | (15,757,480 | ) | — | (13,661,585 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 727,265 | — | 319,531 | (2,214,544 | ) | — | (1,167,748 | ) | 9,133,165 | — | 3,722,533 | (26,768,700 | ) | — | (13,913,002 | ) | ||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 3,754,222 | — | — | (3,140,100 | ) | — | 614,122 | 48,603,861 | — | — | (40,164,751 | ) | — | 8,439,110 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 15,707,999 | — | 732,470 | (2,549,531 | ) | — | 13,890,938 | 198,028,731 | — | 8,789,644 | (31,313,030 | ) | — | 175,505,345 | ||||||||||||||||||||||||||||||||||
Ceredex Small Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 9,248,445 | — | — | (19,827,539 | ) | — | (10,579,094 | ) | 111,412,321 | — | — | (237,264,641 | ) | — | (125,852,320 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 9,039,448 | — | 20,227,454 | (28,396,574 | ) | — | 870,328 | 119,891,772 | — | 214,208,737 | (401,188,555 | ) | — | (67,088,046 | ) | |||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 895,005 | — | — | (2,126,489 | ) | — | (1,231,484 | ) | 10,478,634 | — | — | (24,474,880 | ) | — | (13,996,246 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 1,418,812 | — | 3,276,571 | (4,299,801 | ) | — | 395,582 | 18,086,807 | — | 33,715,915 | (55,236,911 | ) | — | (3,434,189 | ) | |||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 16,305 | — | — | (337,805 | ) | — | (321,500 | ) | 172,651 | — | — | (3,601,868 | ) | — | (3,429,217 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 125,149 | — | 824,781 | (580,956 | ) | — | 368,974 | 1,457,675 | — | 7,777,689 | (6,562,360 | ) | — | 2,673,004 |
52
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(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 | |||||||||||||||||||||||||||||||||||||
Innovative Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 156,508 | — | — | (279,218 | ) | — | (122,710 | ) | $3,056,046 | $— | $— | $(5,485,096 | ) | $— | $(2,429,050 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 548,154 | — | 53,058 | (780,401 | ) | — | (179,189 | ) | 11,930,895 | — | 1,137,563 | (16,749,913 | ) | — | (3,681,455 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 25,278 | — | — | (143,466 | ) | — | (118,188 | ) | 469,561 | — | — | (2,729,976 | ) | — | (2,260,415 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 491,401 | — | 32,204 | (588,841 | ) | — | (65,236 | ) | 10,889,054 | — | 664,359 | (11,980,061 | ) | — | (426,648 | ) | ||||||||||||||||||||||||||||||||
International Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 2,918,673 | — | — | (561,271 | ) | — | 2,357,402 | 28,089,217 | — | — | (5,443,193 | ) | — | 22,646,024 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 2,720,094 | — | 102,990 | (1,551,831 | ) | — | 1,271,253 | 25,253,022 | — | 965,887 | (14,988,624 | ) | — | 11,230,285 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 452,278 | — | — | (35,570 | ) | — | 416,708 | 4,358,819 | — | — | (336,191 | ) | — | 4,022,628 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 62,804 | — | 39,888 | (92,288 | ) | — | 10,404 | 607,480 | — | 368,947 | (879,026 | ) | — | 97,401 | ||||||||||||||||||||||||||||||||||
IS Shares** | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 164,021 | — | — | (100,386 | ) | — | 63,635 | 1,631,600 | — | — | (954,103 | ) | — | 677,497 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 1,003,460 | — | 82,004 | (458,797 | ) | — | 626,667 | 9,776,110 | — | 765,921 | (4,203,512 | ) | — | 6,338,519 | ||||||||||||||||||||||||||||||||||
Silvant Large Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 575,399 | — | — | (1,880,308 | ) | — | (1,304,909 | ) | 5,426,635 | — | — | (17,667,663 | ) | — | (12,241,028 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 1,473,996 | — | 900,056 | (2,909,360 | ) | — | (535,308 | ) | 14,888,243 | — | 8,901,552 | (28,987,265 | ) | — | (5,197,470 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 233,291 | — | — | (568,528 | ) | — | (335,237 | ) | 1,817,357 | — | — | (4,474,025 | ) | — | (2,656,668 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 852,332 | — | 636,361 | (1,077,242 | ) | — | 411,451 | 7,111,443 | — | 5,249,983 | (9,296,236 | ) | — | 3,065,190 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 22,033 | — | — | (564,572 | ) | — | (542,539 | ) | 119,992 | — | — | (3,085,782 | ) | — | (2,965,790 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 206,005 | — | 923,411 | (1,092,958 | ) | — | 36,458 | 1,295,039 | — | 5,318,850 | (6,604,447 | ) | — | 9,442 | ||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,123 | — | — | (738,184 | ) | — | (737,061 | ) | 10,633 | — | — | (6,988,971 | ) | — | (6,978,338 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 221,083 | — | 310,286 | (1,710,804 | ) | — | (1,179,435 | ) | 2,193,018 | — | 3,074,932 | (17,602,568 | ) | — | (12,334,618 | ) | ||||||||||||||||||||||||||||||||
Silvant Small Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 438,033 | — | — | (1,398,328 | ) | — | (960,295 | ) | 3,981,179 | — | — | (12,783,221 | ) | — | (8,802,042 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 1,663,997 | — | 1,477,948 | (7,377,883 | ) | — | (4,235,938 | ) | 22,596,390 | — | 13,582,340 | (102,469,861 | ) | — | (66,291,131 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 9,665 | — | — | (54,646 | ) | — | (44,981 | ) | 72,508 | — | — | (416,853 | ) | — | (344,345 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 21,550 | — | 375,807 | (182,679 | ) | — | 214,678 | 202,393 | — | 2,889,957 | (2,025,759 | ) | — | 1,066,591 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 816 | — | — | (105,704 | ) | — | (104,888 | ) | 3,350 | — | — | (425,282 | ) | — | (421,932 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 33,324 | — | 659,605 | (155,405 | ) | — | 537,524 | 169,847 | — | 2,763,745 | (1,031,867 | ) | — | 1,901,725 | ||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 70,283 | — | — | (64,953 | ) | — | 5,330 | 659,720 | — | — | (591,844 | ) | — | 67,876 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 139,519 | — | 159,913 | (335,556 | ) | — | (36,124 | ) | 1,172,382 | — | 1,477,592 | (3,442,521 | ) | — | (792,547 | ) | ||||||||||||||||||||||||||||||||
Aggressive Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 34,155 | — | — | (48,768 | ) | — | (14,613 | ) | 211,087 | — | — | (299,357 | ) | — | (88,270 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 163,776 | — | 126,587 | (477,603 | ) | — | (187,240 | ) | 1,140,442 | — | 770,918 | (3,228,087 | ) | — | (1,316,727 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 6,098 | — | — | (93,791 | ) | — | (87,693 | ) | 36,939 | — | — | (567,296 | ) | — | (530,357 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 64,769 | — | 131,644 | (164,335 | ) | — | 32,078 | 408,402 | — | 791,183 | (1,229,039 | ) | — | (29,454 | ) | |||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 676 | — | — | (18,925 | ) | — | (18,249 | ) | 3,954 | — | — | (110,791 | ) | — | (106,837 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 14,735 | — | 24,170 | (7,338 | ) | — | 31,567 | 105,683 | — | 139,463 | (56,859 | ) | — | 188,287 |
53
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(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 | |||||||||||||||||||||||||||||||||||||
Conservative Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 191,080 | — | — | (799,919 | ) | — | (608,839 | ) | $2,342,863 | $— | $— | $(9,889,880 | ) | $— | $(7,547,017 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 852,015 | — | 89,107 | (910,633 | ) | — | 30,489 | 10,523,543 | — | 1,062,151 | (11,175,084 | ) | — | 410,610 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 77,878 | — | — | (255,720 | ) | — | (177,842 | ) | 955,671 | — | — | (3,160,739 | ) | — | (2,205,068 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 222,317 | — | 45,758 | (317,990 | ) | — | (49,915 | ) | 2,695,221 | — | 545,889 | (3,912,015 | ) | — | (670,905 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 84,104 | — | — | (171,600 | ) | — | (87,496 | ) | 1,022,660 | — | — | (2,077,090 | ) | — | (1,054,430 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 401,289 | — | 47,982 | (279,667 | ) | — | 169,604 | 4,921,132 | — | 566,671 | (3,400,633 | ) | — | 2,087,170 | ||||||||||||||||||||||||||||||||||
Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 256,626 | — | — | (915,805 | ) | — | (659,179 | ) | 2,684,765 | — | — | (9,398,740 | ) | — | (6,713,975 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 826,999 | — | 362,432 | (2,067,210 | ) | — | (877,779 | ) | 9,049,400 | — | 3,700,426 | (22,159,053 | ) | — | (9,409,227 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,276 | — | — | (143,759 | ) | — | (142,483 | ) | 13,175 | — | — | (1,466,636 | ) | — | (1,453,461 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 52,273 | — | 60,102 | (163,704 | ) | — | (51,329 | ) | 527,166 | — | 610,632 | (1,773,011 | ) | — | (635,213 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 471 | — | — | (29,311 | ) | — | (28,840 | ) | 4,784 | — | — | (296,800 | ) | — | (292,016 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 59,127 | — | 19,997 | (99,143 | ) | — | (20,019 | ) | 599,150 | — | 198,973 | (990,457 | ) | — | (192,334 | ) | ||||||||||||||||||||||||||||||||
Moderate Allocation Strategy |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 193,378 | — | — | (1,547,206 | ) | — | (1,353,828 | ) | 1,799,106 | — | — | (14,332,615 | ) | — | (12,533,509 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 1,016,718 | — | 842,718 | (5,356,856 | ) | — | (3,497,420 | ) | 10,654,884 | — | 7,635,031 | (57,348,612 | ) | — | (39,058,697 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 38,657 | — | — | (211,385 | ) | — | (172,728 | ) | 355,784 | — | — | (1,952,715 | ) | — | (1,596,931 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 75,028 | — | 222,574 | (535,529 | ) | — | (237,927 | ) | 766,987 | — | 2,007,615 | (5,698,032 | ) | — | (2,923,430 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 35,635 | — | — | (125,316 | ) | — | (89,681 | ) | 329,109 | — | — | (1,156,051 | ) | — | (826,942 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 46,989 | — | 197,738 | (219,034 | ) | — | 25,693 | 476,260 | — | 1,771,729 | (2,199,100 | ) | — | 48,889 |
* | Capital Innovations Global Resources and Infrastructure Fund had a fiscal year date change from November 30 to March 31 reorganization on February 19, 2016 (See Note 8). |
** | IS Shares commenced operations on 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, 2016 were as follows:
Fund | Purchases | Sales | ||||||
Capital Innovations Global Resources and Infrastructure Fund | $1,845,000 | $1,234,454 | ||||||
Ceredex Large Cap Value Equity Fund | 747,288,443 | 828,278,104 | ||||||
Ceredex Mid-Cap Value Equity Fund | 1,776,195,211 | 2,101,738,884 | ||||||
Ceredex Small Cap Value Equity Fund | 68,949,577 | 208,102,329 | ||||||
Innovative Growth Stock Fund | 3,797,378 | 8,484,914 | ||||||
International Equity Fund | 33,433,741 | 7,733,654 | ||||||
Silvant Large Cap Growth Stock Fund | 47,925,417 | 74,347,008 | ||||||
Silvant Small Cap Growth Stock Fund | 14,822,931 | 24,392,932 | ||||||
Aggressive Growth Allocation Strategy | 520,629 | 1,087,479 | ||||||
Conservative Allocation Strategy | 1,759,742 | 10,946,363 | ||||||
Growth Allocation Strategy | 1,960,183 | 9,017,331 | ||||||
Moderate Allocation Strategy | 2,499,299 | 14,532,843 |
54
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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 effects of certain differences reclassified as of March 31, 2016 was as follows:
Fund | Paid-in Capital | Accumulated Net Realized Gain (Loss) | Undistributed Investment Income (Loss) | |||||||||
Capital Innovations Global Resources and Infrastructure Fund | $(223,648 | ) | $40,109 | $183,539 | ||||||||
Ceredex Mid-Cap Value Equity Fund | (15,790 | ) | 621,881 | (606,091 | ) | |||||||
Ceredex Small Cap Value Equity Fund | — | 1,217,953 | (1,217,953 | ) | ||||||||
Innovative Growth Stock Fund | (469,283 | ) | — | 469,283 | ||||||||
International Equity Fund | — | 124,840 | (124,840 | ) | ||||||||
Silvant Large Cap Growth Stock Fund | (743,567 | ) | — | 743,567 | ||||||||
Silvant Small Cap Growth Stock Fund | (987,184 | ) | 1,167 | 986,017 | ||||||||
Aggressive Growth Allocation Strategy | — | (12,249 | ) | 12,249 | ||||||||
Conservative Allocation Strategy | — | (38,860 | ) | 38,860 | ||||||||
Growth Allocation Strategy | — | (57,387 | ) | 57,387 | ||||||||
Moderate Allocation Strategy | — | (59,578 | ) | 59,578 |
The cost of investments and aggregate gross unrealized appreciation and depreciation for securities held by the Funds as of September 30, 2016 were as follows:
Fund | Tax Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation | ||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | $4,068,137 | $544,670 | $(236,807 | ) | $307,863 | |||||||||||
Ceredex Large Cap Value Equity Fund | 1,728,420,353 | 416,525,244 | (10,571,623 | ) | 405,953,621 | |||||||||||
Ceredex Mid-Cap Value Equity Fund | 2,949,332,905 | 362,127,150 | (37,599,571 | ) | 324,527,579 | |||||||||||
Ceredex Small Cap Value Equity Fund | 715,722,950 | 256,657,978 | (33,812,800 | ) | 222,845,178 | |||||||||||
Innovative Growth Stock Fund | 13,418,068 | 11,463,603 | (698,659 | ) | 10,764,944 | |||||||||||
International Equity Fund | 65,729,794 | 5,702,893 | (1,032,516 | ) | 4,670,377 | |||||||||||
Silvant Large Cap Growth Stock Fund | 144,261,133 | 96,199,706 | (5,890,579 | ) | 90,309,127 | |||||||||||
Silvant Small Cap Growth Stock Fund | 46,002,187 | 9,876,418 | (2,204,070 | ) | 7,672,348 | |||||||||||
Aggressive Growth Allocation Strategy | 5,397,621 | 1,355,818 | (15,596 | ) | 1,340,222 | |||||||||||
Conservative Allocation Strategy | 52,488,324 | 3,880,803 | (67,924 | ) | 3,812,879 | |||||||||||
Growth Allocation Strategy | 34,735,922 | 7,086,487 | (84,375 | ) | 7,002,112 | |||||||||||
Moderate Allocation Strategy | 48,059,641 | 9,261,499 | (74,022 | ) | 9,187,477 |
The tax character of distributions paid to shareholders during the period or fiscal year ended March 31, 2016 was as follows:
Distributions paid from | ||||||||||||||||||||
Fund | Net Investment Income* | Net Long Term Capital Gains | Tax-Exempt Distributions** | Return of Capital | Total Distributions Paid | |||||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | $82,228 | $— | $— | $— | $82,228 | |||||||||||||||
Ceredex Large Cap Value Equity Fund | 30,971,375 | 172,233,852 | — | — | 203,205,227 | |||||||||||||||
Ceredex Mid-Cap Value Equity Fund | 113,394,437 | 125,921,077 | — | — | 239,315,514 | |||||||||||||||
Ceredex Small Cap Value Equity Fund | 15,453,362 | 246,896,505 | — | — | 262,349,867 | |||||||||||||||
Innovative Growth Stock Fund | — | 2,095,754 | — | — | 2,095,754 |
55
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Distributions paid from | ||||||||||||||||||||
Fund | Net Investment Income* | Net Long Term Capital Gains | Tax-Exempt Distributions** | Return of Capital | Total Distributions Paid | |||||||||||||||
International Equity Fund | $144,980 | $2,000,010 | $— | $— | $2,144,990 | |||||||||||||||
Silvant Large Cap Growth Stock Fund | — | 23,322,257 | — | — | 23,322,257 | |||||||||||||||
Silvant Small Cap Growth Stock Fund | — | 21,567,281 | — | — | 21,567,281 | |||||||||||||||
Aggressive Growth Allocation Strategy | 95,850 | 1,657,102 | — | — | 1,752,952 | |||||||||||||||
Conservative Allocation Strategy | 952,544 | 1,610,853 | — | — | 2,563,397 | |||||||||||||||
Growth Allocation Strategy | 689,495 | 3,848,880 | — | — | 4,538,375 | |||||||||||||||
Moderate Allocation Strategy | 1,314,012 | 10,251,561 | — | — | 11,565,573 |
* | Total distributions paid are recognized on a when declared basis for the period or fiscal year ended March 31, 2016. |
** | 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, 2016, 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 | ||||||||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | $— | $82,904 | $— | $(203,490 | ) | $(892,311 | ) | $(1,012,897 | ) | |||||||||||||||
Ceredex Large Cap Value Equity Fund | — | 5,948,067 | — | 315,848,792 | (49,248,431 | ) | 272,548,428 | |||||||||||||||||
Ceredex Mid-Cap Value Equity Fund | — | 10,529,606 | — | 199,401,606 | (42,719,379 | ) | 167,211,833 | |||||||||||||||||
Ceredex Small Cap Value Equity Fund | — | 1,382,858 | — | 153,585,376 | (22,866,869 | ) | 132,101,365 | |||||||||||||||||
Innovative Growth Stock Fund | — | — | 1,894,557 | 9,019,851 | (1,451,938 | ) | 9,462,470 | |||||||||||||||||
International Equity Fund | — | 225,035 | 335,989 | 1,188,590 | (1,649,094 | ) | 100,520 | |||||||||||||||||
Silvant Large Cap Growth Stock Fund | — | — | 3,766,399 | 114,331,200 | (1,832,824 | ) | 116,264,775 | |||||||||||||||||
Silvant Small Cap Growth Stock Fund | — | — | 2,614,535 | 4,770,935 | (82,837 | ) | 7,302,633 | |||||||||||||||||
Aggressive Growth Allocation Strategy | — | — | 416,887 | 981,490 | — | 1,398,377 | ||||||||||||||||||
Conservative Allocation Strategy | — | 125,027 | 161,228 | 1,256,903 | — | 1,543,158 | ||||||||||||||||||
Growth Allocation Strategy | — | 14,594 | 1,947,694 | 5,054,237 | — | 7,016,525 | ||||||||||||||||||
Moderate Allocation Strategy | — | 62,875 | 2,340,616 | 7,357,493 | — | 9,760,984 |
** | The differences between book-basis and tax-basis unrealized appreciation is attributable primarily to: tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies, return of capital adjustments, forward contracts marked to market and partnership basis adjustments. |
The Funds utilize the provisions of the federal income tax laws that provide for the carry forward of capital losses from prior years, offsetting such losses against any future realized capital gains. Under the Regulated Investment Company Modernization Act of 2010 (the “Act”), net capital losses recognized in taxable years beginning after December 22, 2010 (“post-enactment”), may be carried forward indefinitely, and their character is retained as short-term and/or long-term losses. Previously, net capital losses were carried forward for eight years and treated as short-term losses (“pre-enactment”). The Act requires that post-enactment net capital losses be used before pre-enactment net capital losses.
As of March 31, 2016, the post-enactment accumulated short-term and long-term capital loss carry forwards were as follows:
Fund | Short Term | Long Term | Total | |||||||||
Capital Innovations Global Resources and Infrastructure Fund | $ | 661,695 | $166,419 | $ | 828,114 | |||||||
Innovative Growth Stock Fund* | — | — | — |
* | Of the $363,926 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, the entire amount was utilized. |
56
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
As of March 31, 2016, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:
Fund | Expiring 2017 | Expiring 2018 | Total | |||||||||
Innovative Growth Stock Fund* | $ | 1,372,837 | $— | $ | 1,372,837 | |||||||
International Equity Fund** | — | 1,649,094 | 1,649,094 | |||||||||
Silvant Large Cap Growth Stock Fund*** | 1,639,873 | — | 1,639,873 |
* | Of the $1,600,850 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, $228,013 was utilized. The remaining $1,372,837 will expire in 2017. |
** | Of the $2,473,641 of remaining capital loss carryforwards subject to limitations due to an ownership change on May 22, 2013, $824,547 was utilized, and the remaining $1,649,094, will expire in 2018. |
*** | Of the $3,279,747 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 $1,639,873, will expire in 2017. |
Amounts designated as “—” are $0.
Capital loss carryforwards may be applied to offset future realized capital gains and therefore may reduce future capital gain distributions.
During the fiscal year ended March 31, 2016, the following Funds utilized capital loss carryforwards as follows:
Fund | Amount | |||
Innovative Growth Stock Fund | $591,939 | |||
International Equity Fund | 824,547 | |||
Silvant 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, 2016, the following Funds had net capital
losses:
Fund | Short Term | Long Term | Total | |||||||||
Ceredex Large Cap Value Equity Fund | $76,570,240 | $(27,321,809 | ) | $49,248,431 | ||||||||
Ceredex Mid-Cap Value Equity Fund | 57,488,324 | (14,768,945 | ) | 42,719,379 | ||||||||
Ceredex Small Cap Value Equity Fund | 9,263,579 | 13,603,290 | 22,866,869 |
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, 2016, 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, 2016.
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. An investment by a Fund representing greater than 10% of the voting securities of an issuer makes that issuer an affiliated holding of the Fund. 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, 2016 were as follows:
Name of Affiliated Issuer | Share Balance at March 31, 2016 | Purchases | Sales | Share Balance at September 30, 2016 | Value at September 30, 2016 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
Aggressive Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Ceredex Large Cap Value Equity Fund† — IS Shares | 98,912 | 2,515 | 14,211 | 87,216 | $ | 1,387,599 | $ | — | $ | — | $ | 57,004 |
57
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2016 | Purchases | Sales | Share Balance at September 30, 2016 | Value at September 30, 2016 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund† — IS Shares | 46,042 | — | 3,901 | 42,141 | $ | 565,952 | $ | — | $ | — | $ | 12,187 | ||||||||||||||||||||
RidgeWorth Ceredex Small Cap Value Equity Fund† — I Shares | 12,445 | 3,501 | 1,872 | 14,074 | 178,887 | — | — | 2,261 | ||||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares | 36,978 | 10,612 | 2,848 | 44,742 | 446,079 | — | — | (2,230 | ) | |||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund — IS Shares | 28 | 1 | — | 29 | 318 | 3 | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund — I Shares | 3,115 | 159 | 558 | 2,716 | 24,224 | 367 | — | (115 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 1,023 | 146 | 246 | 923 | 7,996 | 230 | — | (49 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Income Fund — IS Shares | 1,484 | 214 | 348 | 1,350 | 8,638 | 303 | — | (126 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 1,114 | 149 | 1,263 | — | — | 187 | — | (106 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — IS Shares* | — | 1,018 | 12 | 1,006 | 8,356 | 73 | — | (3 | ) | |||||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund — IS Shares | 37,107 | 363 | 5,359 | 32,111 | 349,688 | 3,956 | — | 1,087 | ||||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — I Shares | 6,466 | 119 | 6,585 | — | — | 195 | — | (67 | ) | |||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — IS Shares* | — | 5,842 | 194 | 5,648 | 56,703 | 95 | — | (18 | ) | |||||||||||||||||||||||
RidgeWorth Silvant Large Cap Growth Stock Fund†† — IS Shares | 228,443 | — | 27,273 | 201,170 | 1,933,243 | — | — | 791 | ||||||||||||||||||||||||
RidgeWorth Silvant Small Cap Growth Stock Fund†† — IS Shares | 15,500 | 4,521 | 2,448 | 17,573 | 169,226 | — | — | (441 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $ | 5,136,909 | $ | 5,409 | $ | — | $ | 70,175 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Conservative Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Ceredex Large Cap Value Equity Fund† — IS Shares | 361,137 | 5,272 | 53,680 | 312,729 | $ | 4,975,525 | $ | — | $ | — | $ | (1,734 | ) | |||||||||||||||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund† — IS Shares | 166,150 | — | 19,006 | 147,144 | 1,976,138 | — | — | 15,103 | ||||||||||||||||||||||||
RidgeWorth Ceredex Small Cap Value Equity Fund† — I Shares | 44,961 | 12,077 | 5,231 | 51,807 | 658,462 | — | — | 325 | ||||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares | 133,433 | 37,090 | 14,266 | 156,257 | 1,557,880 | — | — | (11,739 | ) | |||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund — IS Shares | 787 | 8 | 45 | 750 | 8,324 | 84 | — | (13 | ) |
58
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2016 | Purchases | Sales | Share Balance at September 30, 2016 | Value at September 30, 2016 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund — I Shares | 126,239 | 1,710 | 17,315 | 110,634 | $ | 986,853 | $ | 15,069 | $ | — | $ | (1,186 | ) | |||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 42,104 | 1,064 | 5,793 | 37,375 | 323,665 | 9,114 | — | (586 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Income Fund — IS Shares | 61,354 | 2,400 | 8,524 | 55,230 | 353,475 | 12,205 | — | (2,550 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 46,057 | 882 | 46,939 | — | — | 7,364 | — | 530 | ||||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — IS Shares* | — | 42,961 | 1,813 | 41,148 | 341,940 | 3,070 | — | 417 | ||||||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund — IS Shares | 1,711,650 | 17,815 | 94,164 | 1,635,301 | 17,808,428 | 194,208 | — | 5,111 | ||||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — I Shares | 264,754 | 812 | 265,566 | — | — | 8,442 | — | (1,769 | ) | |||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — IS Shares* | — | 239,469 | 9,165 | 230,304 | 2,312,255 | 3,956 | — | (656 | ) | |||||||||||||||||||||||
RidgeWorth Silvant Large Cap Growth Stock Fund†† — IS Shares | 831,070 | — | 107,187 | 723,883 | 6,956,517 | — | — | (138,767 | ) | |||||||||||||||||||||||
RidgeWorth Silvant Small Cap Growth Stock Fund†† — IS Shares | 55,867 | 15,957 | 6,799 | 65,025 | 626,192 | — | — | (28,988 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $ | 38,885,654 | $ | 253,512 | $ | — | $ | (166,502 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Ceredex Large Cap Value Equity Fund† — IS Shares | 606,458 | — | 121,444 | 485,014 | $ | 7,716,571 | $ | — | $ | — | $ | 415,004 | ||||||||||||||||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund† — IS Shares | 280,471 | — | 51,823 | 228,648 | 3,070,743 | — | — | 160,236 | ||||||||||||||||||||||||
RidgeWorth Ceredex Small Cap Value Equity Fund† — I Shares | 75,768 | 18,519 | 13,724 | 80,563 | 1,023,953 | — | — | 36,215 | ||||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares | 225,468 | 57,352 | 40,038 | 242,782 | 2,420,533 | — | — | (50,367 | ) | |||||||||||||||||||||||
RidgeWorth Seix Core Bond Fund — IS Shares | 259 | 2 | — | 261 | 2,899 | 28 | — | — | ||||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund — I Shares | 33,890 | 565 | 3,694 | 30,761 | 274,388 | 3,985 | — | (767 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 11,197 | 280 | 1,068 | 10,409 | 90,145 | 2,402 | — | 925 |
59
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2016 | Purchases | Sales | Share Balance at September 30, 2016 | Value at September 30, 2016 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Seix High Income Fund — IS Shares | 16,517 | 824 | 1,907 | 15,434 | $ | 98,781 | $ | 3,230 | $ | — | $ | (760 | ) | |||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 12,268 | 228 | 12,496 | — | — | 1,907 | — | 83 | ||||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — IS Shares* | — | 12,086 | 568 | 11,518 | 95,712 | 818 | — | 115 | ||||||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund — IS Shares | 459,115 | 4,661 | 32,655 | 431,121 | 4,694,908 | 50,780 | — | 9,216 | ||||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — I Shares | 70,891 | 211 | 71,102 | — | — | 2,195 | — | (403 | ) | |||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — IS Shares* | — | 65,715 | 1,643 | 64,072 | 643,283 | 1,073 | — | (115 | ) | |||||||||||||||||||||||
RidgeWorth Silvant Large Cap Growth Stock Fund†† — IS Shares | 1,397,584 | — | 286,343 | 1,111,241 | 10,679,024 | — | — | (112,417 | ) | |||||||||||||||||||||||
RidgeWorth Silvant Small Cap Growth Stock Fund†† — IS Shares | 93,941 | 23,936 | 17,460 | 100,417 | 967,020 | — | — | (11,511 | ) | |||||||||||||||||||||||
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| |||||||||||||||||||||||||
Total | $ | 31,777,960 | $ | 66,418 | $ | — | $ | 445,454 | ||||||||||||||||||||||||
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Moderate Allocation Strategy | ||||||||||||||||||||||||||||||||
RidgeWorth Ceredex Large Cap Value Equity Fund† — IS Shares | 619,860 | 14,807 | 139,111 | 495,556 | $ | 7,884,292 | $ | — | $ | — | $ | 479,685 | ||||||||||||||||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund† — IS Shares | 285,572 | — | 53,365 | 232,207 | 3,118,540 | — | — | 211,104 | ||||||||||||||||||||||||
RidgeWorth Ceredex Small Cap Value Equity Fund† — I Shares | 77,312 | 19,324 | 14,068 | 82,568 | 1,049,439 | — | — | 42,816 | ||||||||||||||||||||||||
RidgeWorth International Equity Fund — IS Shares | 229,673 | 58,967 | 42,118 | 246,522 | 2,457,823 | — | — | (26,172 | ) | |||||||||||||||||||||||
RidgeWorth Seix Core Bond — IS Shares | 704 | 6 | 210 | 500 | 5,549 | 62 | — | (87 | ) | |||||||||||||||||||||||
RidgeWorth Seix Corporate Bond Fund — I Shares | 91,110 | 1,172 | 15,125 | 77,157 | 688,242 | 10,329 | — | (2,981 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund — IS Shares | 30,547 | 730 | 5,303 | 25,974 | 224,931 | 6,259 | — | 5,599 | ||||||||||||||||||||||||
RidgeWorth Seix High Income Fund — IS Shares | 44,701 | 1,328 | 7,524 | 38,505 | 246,433 | 8,417 | — | (2,371 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — I Shares | 33,272 | 610 | 33,882 | — | — | 5,093 | — | 632 |
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NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2016 | Purchases | Sales | Share Balance at September 30, 2016 | Value at September 30, 2016 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Seix High Yield Fund — IS Shares* | — | 29,012 | 363 | 28,649 | $ | 238,074 | $ | 2,073 | $ | — | $ | 43 | ||||||||||||||||||||
RidgeWorth Seix Total Return Bond Fund — IS Shares | 1,234,708 | 11,984 | 193,455 | 1,053,237 | 11,469,748 | 130,712 | — | 173,793 | ||||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — I Shares | 191,200 | 560 | 191,760 | — | — | 5,819 | — | (746 | ) | |||||||||||||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund — IS Shares* | — | 161,825 | 997 | 160,828 | 1,614,710 | 2,675 | — | (40 | ) | |||||||||||||||||||||||
RidgeWorth Silvant Large Cap Growth Stock Fund†† — IS Shares | 1,427,377 | — | 292,808 | 1,134,569 | 10,903,207 | — | — | (38,902 | ) | |||||||||||||||||||||||
RidgeWorth Silvant Small Cap Growth Stock Fund†† —IS Shares | 96,134 | 23,511 | 17,604 | 102,041 | 982,655 | — | — | (2,305 | ) | |||||||||||||||||||||||
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| |||||||||||||||||||||||||
Total | $ | 40,883,643 | $ | 171,439 | $ | — | $ | 840,068 | ||||||||||||||||||||||||
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† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Ceredex”. |
†† | On August 1, 2016, affiliated equity funds were rebranded to from “RidgeWorth” to “RidgeWorth Silvant”. |
* | IS Shares commenced operations on August 1, 2016. |
8. | Reorganizations |
Effective the close of business on February 19, 2016, Capital Innovations Global Resources and Infrastructure Fund, a new series of the Trust, acquired the assets and assumed the liabilities of the Predecessor Fund, a series of Investment Managers Series Trust. As part of the reorganization there was a change to the independent registered public accounting firm. The reorganization was accomplished by the following tax-free reorganization in which each shareholder of the Predecessor Fund received the same aggregate net asset value in the corresponding classes as noted below:
Shares Issued | Net Assets | |||||||
I Shares | 224,274 | $1,806,342 | ||||||
A Shares | 127,824 | 1,028,373 | ||||||
C Shares | 24,776 | 196,668 |
The appreciation (depreciation) of the Predecessor Fund was $588,102 as of the date of the acquisition.
The undistributed net investment income of the Predecessor Fund was $18,436 as of the date of the acquisition.
9. | 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, 2016
(Unaudited)
Set forth below are the names, age, position with the Trust, length of term of office, and the principal occupations and, if applicable, other directorships held during at least the last five years of each of the persons currently serving as a Trustee or officer 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 | |||||||
INDEPENDENT TRUSTEE | ||||||||||||
Tim E. Bentsen (August 1953) | 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. | 29 | Synovus Financial Corp.; Krispy Kreme Doughnuts, Inc. | |||||||
Jeffrey M. Biggar (February 1950) | 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). | 29 | Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013) | |||||||
George C. Guynn (December 1942) | Trustee | Indefinite; since 2008 | Retired. President and CEO, Federal Reserve Bank of Atlanta (1996-2006). | 29 | SUSA Registered Fund, LLC; Oxford Industries; Acuity Brands, Inc. (thru 2014); Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013); Genuine Parts Company (thru 2015) | |||||||
Sidney E. Harris (July 1949) | Trustee | Indefinite; since 2004 | Professor and Dean Emeritus (since April 2015), Professor (1997-2014), Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University. | 29 | Total System Services, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013). | |||||||
Connie D. McDaniel (April 1958) | 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. | 29 | Total System Services, Inc. | |||||||
INTERESTED TRUSTEE | ||||||||||||
Ashi S. Parikh* (February 1966) | Trustee | Indefinite; since 2013 | Chief Executive Officer and Chief Investment Officer, RidgeWorth Investments (2010-present); President and Chief Investment Officer (2008-2010). | 29 | 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, 2016
(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). | |||
James L. Love (December 1968) | Chief Compliance Officer | One year; since 2016 | Managing Director and Chief Compliance Officer, RidgeWorth Investments (since 2016); Chief Compliance Officer and Deputy General Counsel, U.S. Global Investors (2007–2015). | |||
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 1 Iron Street (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 | Managing Director, Foreside Fund Officer Services, LLC (October 2008 – present). | |||
Karen Jacoppo-Wood State Street Bank and Trust Company 100 Summer Street Boston, MA 02116 (December 1966) | Secretary and Chief Legal Officer | One year; since 2014 | Vice President and Managing Counsel, State Street Bank and Trust Company (since 2014); Vice President, RMR Advisors, Inc./RMR Funds (2007-2014).* | |||
Rebecca Gilding State Street Bank and Trust Company 100 Summer Street Boston, MA 02116 (December 1979) | Assistant Secretary | One year; since May 2016 | Vice President and Counsel, State Street Bank and Trust Company (since 2016); Assistant Vice President and Associate Counsel, Brown Brothers Harriman and Co. (2013-2016); Assistant Vice President Citi Fund Services, Inc. (2005-2013).* |
* | 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, 2016
(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, 2016 through September 30, 2016.
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 04/01/16 | Ending Account Value 09/30/16 | Expenses Paid During Period* 04/01/16-09/30/16 | Expense Ratio During Period** 04/01/16-09/30/16 | |||||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | I Shares | 1,000.00 | 1,167.00 | 6.25 | 1.15 | |||||||||||||||
A Shares | 1,000.00 | 1,165.00 | 7.60 | 1.40 | ||||||||||||||||
C Shares | 1,000.00 | 1,160.70 | 11.65 | 2.15 | ||||||||||||||||
Ceredex Large Cap Value Equity Fund | I Shares | 1,000.00 | 1,076.10 | 5.05 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 1,074.00 | 6.55 | 1.26 | ||||||||||||||||
C Shares | 1,000.00 | 1,071.40 | 8.93 | 1.72 | ||||||||||||||||
IS Shares | 1,000.00 | 1,077.20 | 3.75 | 0.72 | ||||||||||||||||
Ceredex Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 1,085.90 | 5.86 | 1.12 | |||||||||||||||
A Shares | 1,000.00 | 1,084.30 | 7.32 | 1.40 | ||||||||||||||||
C Shares | 1,000.00 | 1,081.90 | 9.39 | 1.80 | ||||||||||||||||
IS Shares | 1,000.00 | 1,086.60 | 4.18 | 0.80 | ||||||||||||||||
Ceredex Small Cap Value Equity Fund | I Shares | 1,000.00 | 1,125.70 | 6.61 | 1.24 | |||||||||||||||
A Shares | 1,000.00 | 1,124.10 | 8.25 | 1.55 | ||||||||||||||||
C Shares | 1,000.00 | 1,121.50 | 10.16 | 1.91 | ||||||||||||||||
Innovative Growth Stock Fund | I Shares | 1,000.00 | 1,105.20 | 6.91 | 1.31 | |||||||||||||||
A Shares | 1,000.00 | 1,104.50 | 7.97 | 1.51 | ||||||||||||||||
International Equity Fund | I Shares | 1,000.00 | 1,071.00 | 6.28 | 1.21 | |||||||||||||||
A Shares | 1,000.00 | 1,069.70 | 7.37 | 1.42 | ||||||||||||||||
IS Shares | 1,000.00 | 1,070.90 | 5.71 | 1.10 | ||||||||||||||||
Silvant Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,022.40 | 4.92 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 1,021.80 | 6.23 | 1.23 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.50 | 9.60 | 1.90 | ||||||||||||||||
IS Shares | 1,000.00 | 1,023.40 | 4.57 | 0.90 | ||||||||||||||||
Silvant Small Cap Growth Stock Fund | I Shares | 1,000.00 | 1,120.90 | 6.91 | 1.30 | |||||||||||||||
A Shares | 1,000.00 | 1,120.60 | 7.50 | 1.41 | ||||||||||||||||
C Shares | 1,000.00 | 1,116.00 | 10.98 | 2.07 | ||||||||||||||||
IS Shares | 1,000.00 | 1,123.70 | 5.70 | 1.07 | ||||||||||||||||
Aggressive Growth Allocation Strategy | I Shares | 1,000.00 | 1,055.00 | 2.58 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,054.10 | 3.60 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,051.10 | 6.68 | 1.30 | ||||||||||||||||
Conservative Allocation Strategy | I Shares | 1,000.00 | 1,039.10 | 1.53 | 0.30 | |||||||||||||||
A Shares | 1,000.00 | 1,037.50 | 3.06 | 0.60 | ||||||||||||||||
C Shares | 1,000.00 | 1,034.60 | 6.63 | 1.30 | ||||||||||||||||
Growth Allocation Strategy | I Shares | 1,000.00 | 1,052.30 | 2.57 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,052.60 | 3.60 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,048.80 | 6.68 | 1.30 | ||||||||||||||||
Moderate Allocation Strategy | I Shares | 1,000.00 | 1,045.30 | 2.56 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,044.40 | 3.59 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,041.40 | 6.65 | 1.30 |
* | 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. |
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ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2016
(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 04/01/16 | Ending Account Value 09/30/16 | Expenses Paid During Period* 04/01/16-09/30/16 | Expense Ratio During Period** 04/01/16-09/30/16 | |||||||||||||||
Capital Innovations Global Resources and Infrastructure Fund | I Shares | 1,000.00 | 1,019.30 | 5.82 | 1.15 | |||||||||||||||
A Shares | 1,000.00 | 1,018.00 | 7.08 | 1.40 | ||||||||||||||||
C Shares | 1,000.00 | 1,014.30 | 10.86 | 2.15 | ||||||||||||||||
Ceredex Large Cap Value Equity Fund | I Shares | 1,000.00 | 1,020.20 | 4.91 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 1,018.80 | 6.38 | 1.26 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.40 | 8.69 | 1.72 | ||||||||||||||||
IS Shares | 1,000.00 | 1,021.46 | 3.65 | 0.72 | ||||||||||||||||
Ceredex Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 1,019.50 | 5.67 | 1.12 | |||||||||||||||
A Shares | 1,000.00 | 1,018.00 | 7.08 | 1.40 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.00 | 9.10 | 1.80 | ||||||||||||||||
IS Shares | 1,000.00 | 1,021.06 | 4.05 | 0.80 | ||||||||||||||||
Ceredex Small Cap Value Equity Fund | I Shares | 1,000.00 | 1,018.90 | 6.28 | 1.24 | |||||||||||||||
A Shares | 1,000.00 | 1,017.30 | 7.84 | 1.55 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.50 | 9.65 | 1.91 | ||||||||||||||||
Innovative Growth Stock Fund | I Shares | 1,000.00 | 1,018.50 | 6.63 | 1.31 | |||||||||||||||
A Shares | 1,000.00 | 1,017.50 | 7.64 | 1.51 | ||||||||||||||||
International Equity Fund | I Shares | 1,000.00 | 1,019.00 | 6.12 | 1.21 | |||||||||||||||
A Shares | 1,000.00 | 1,017.90 | 7.18 | 1.42 | ||||||||||||||||
IS Shares | 1,000.00 | 1,019.55 | 5.57 | 1.10 | ||||||||||||||||
Silvant Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,020.20 | 4.91 | 0.97 | |||||||||||||||
A Shares | 1,000.00 | 1,018.90 | 6.23 | 1.23 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.50 | 9.60 | 1.90 | ||||||||||||||||
IS Shares | 1,000.00 | 1,020.56 | 4.56 | 0.90 | ||||||||||||||||
Silvant Small Cap Growth Stock Fund | I Shares | 1,000.00 | 1,018.60 | 6.58 | 1.30 | |||||||||||||||
A Shares | 1,000.00 | 1,018.00 | 7.13 | 1.41 | ||||||||||||||||
C Shares | 1,000.00 | 1,014.70 | 10.45 | 2.07 | ||||||||||||||||
IS Shares | 1,000.00 | 1,019.70 | 5.42 | 1.07 | ||||||||||||||||
Aggressive Growth Allocation Strategy | I Shares | 1,000.00 | 1,022.60 | 2.54 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.55 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.60 | 6.58 | 1.30 | ||||||||||||||||
Conservative Allocation Strategy | I Shares | 1,000.00 | 1,023.60 | 1.52 | 0.30 | |||||||||||||||
A Shares | 1,000.00 | 1,022.10 | 3.04 | 0.60 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.60 | 6.58 | 1.30 | ||||||||||||||||
Growth Allocation Strategy | I Shares | 1,000.00 | 1,022.60 | 2.54 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.55 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.60 | 6.58 | 1.30 | ||||||||||||||||
Moderate Allocation Strategy | I Shares | 1,000.00 | 1,022.60 | 2.54 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.55 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.60 | 6.58 | 1.30 |
* | 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. |
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ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Proxy Voting Information
Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.
Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the SEC’s website at www.sec.gov.
Quarterly Portfolio Holdings Information
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available free of charge on the SEC’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330.
66
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INVESTMENT ADVISER:
RidgeWorth Investments
3333 Piedmont Road, NE, Suite 1500
Atlanta, Georgia 30305
www.ridgeworth.com
INVESTMENT SUBADVISERS:
Capital Innovations, LLC
325 Forest Grove Drive, Suite 100
Pewaukee, WI 53072
www.capinnovations.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
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
This information must be preceded or accompanied by a current prospectus for each Fund described. Before investing, investors should carefully read the prospectus or summary prospectus and consider the fund’s investment objectives, risks, charges and expenses. Please call 888.784.3863 or visit ridgeworth.com to obtain a prospectus or summary prospectus, which contains this and other information about the funds.
DISTRIBUTOR:
RIDGEWORTH DISTRIBUTORS LLC
RFSAR-EQ-0916
Table of Contents
2016 SEMI-ANNUAL REPORT
FIXED INCOME FUNDS
SEPTEMBER 30, 2016
RidgeWorth Investments is the trade name of RidgeWorth Capital Management LLC.
Table of Contents
RIDGEWORTH FUNDS September 30, 2015
Table of Contents
RIDGEWORTH FUNDS September 30, 2016
Dear Valued Shareholder,
We sincerely thank you for your continued business and support. Our primary objective is to help you achieve your investment goals, and we are grateful you have placed your confidence in us. We aim to earn your trust through competitive investment performance and excellent client service. We hope we have met your expectations in both of these measures, and we look forward to continuing to serve as your asset manager in the months and years to come.
Economic growth continued its steady, though subdued, pace over the last six months, while employment numbers strengthened. In addition, inflation moved closer to target, likely spurred by a revival in commodity prices, and wages ticked up. On the business side, capacity utilization improved and inventory levels fell, which is a positive sign moving forward. Meanwhile, consumers helped buoy automobile sales and kept the housing market on firm ground. While none of these indicators alone were exceptionally strong, together they provided steady economic progress. We are cautiously optimistic that those trends may continue.
Economic headwinds also persisted, though there were many concerns about both the U.S. and global economies. The Brexit vote in July added stress to an EU economy already feeling anxiety over the health of its banking system. Political turbulence in Italy brought additional uncertainty, and the immigration crisis continued to strain many EU nations. The Middle East remained a flashpoint, with the failed attempts to quell fighting in Syria receiving most of the headlines. More broadly, the International Monetary Fund downgraded its global economic forecast.
Domestically, the U.S. economy was buffeted by a volatile presidential campaign and the resultant uncertainty looming about the post-election congressional make-up. In addition, the markets are watching for a possible Federal Reserve (“Fed”) rate increase at the end of the year. Finally, worries about fiscal policy, especially challenges facing healthcare exchanges under the Affordable Care Act, also have muddied the waters.
However, many of these concerns, both domestic and international, have been present during the current growth cycle and they have not deterred the growth, albeit slow, of the U.S. economy. Indeed, the economy has continued to march along at a steady, though uninspired, pace. Our cautious optimism stems, in part, from this track record.
The U.S. central bank is reconsidering the effectiveness of monetary policy in a low-rate environment. Messages coming out of the Jackson Hole Economic Policy Symposium in August suggest that the Fed, along with its counterparts around the world, are thinking hard about how much more they can do to encourage economic growth. Even so, Fed action, or inaction, still matters to markets and all eyes will be on the Fed during its first post-election meeting in December.
Over the coming months, we believe bond yields will remain low, which may assist the markets to continue their upward trend, though with increased volatility. In addition, with absolute valuations somewhat elevated but still attractive compared with relative historic valuations, we believe the current market trends could continue.
Our cautious optimism for the economy and our steady outlook for equity markets derive, in large part, from the favorable trends described above. These steady trends should provide opportunities to investors. RidgeWorth’s bottom-up approach to security selection is well positioned to take advantage of those opportunities. We wish to thank you again for the trust and confidence you have placed in us, and we look forward to another successful year together.
Sincerely,
Ashi Parikh
Chief Executive Officer, Chief Investment Officer
RidgeWorth Investments
1
Table of Contents
INVESTMENT WEIGHTINGS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund | ||||
U.S. Treasury Obligations | 30.5% | |||
Corporate Bonds | 27.4% | |||
U.S. Government Agency Mortgages | 26.6% | |||
Collateralized Mortgage Obligations | 6.2% | |||
Asset-Backed Securities | 5.4% | |||
Money Market Funds | 3.9% | |||
Seix Corporate Bond Fund | ||||
Corporate Bonds | 95.2% | |||
Money Market Funds | 4.8% | |||
Seix Floating Rate High Income Fund | ||||
Bank Loans | 90.1% | |||
Corporate Bonds | 2.5% | |||
Common Stocks | 0.2% | |||
Preferred Stock | �� | 0.0% | * | |
Asset-Backed Security | 0.0% | * | ||
Unlisted Call Option Purchased | 0.0% | |||
Money Market Fund | 7.2% |
* | Less than 0.05% of Net Assets. |
Seix Georgia Tax-Exempt Bond Fund | ||||
Municipal Bonds | 96.2% | |||
Money Market Fund | 3.8% | |||
Seix High Grade Municipal Bond Fund | ||||
Municipal Bonds | 89.4% | |||
Money Market Fund | 10.6% | |||
Seix High Income Fund | ||||
Corporate Bonds | 84.8% | |||
Bank Loans | 3.2% | |||
Common Stocks | 1.0% | |||
Preferred Stock | 0.5% | |||
Convertible Preferred Stock | 0.1% | |||
Money Market Funds | 10.4% | |||
Seix High Yield Fund | ||||
Corporate Bonds | 85.5% | |||
Bank Loans | 4.0% | |||
Common Stocks | 0.2% | |||
Money Market Funds | 10.3% | |||
Seix Investment Grade Tax-Exempt Bond Fund | ||||
Municipal Bonds | 94.4% | |||
Money Market Fund | 5.6% | |||
Seix Limited Duration Fund | ||||
Collateralized Mortgage Obligations | 59.7% | |||
Asset-Backed Securities | 24.6% | |||
U.S. Government Agency Mortgages | 15.5% | |||
Money Market Fund | 0.2% |
Seix North Carolina Tax-Exempt Bond Fund | ||||
Municipal Bonds | 88.7% | |||
Money Market Fund | 11.3% | |||
Seix Short-Term Bond Fund | ||||
U.S. Treasury Obligations | 39.4% | |||
Corporate Bonds | 31.6% | |||
Asset-Backed Securities | 13.9% | |||
Collateralized Mortgage Obligations | 7.0% | |||
U.S. Government Agency Mortgages | 6.7% | |||
Municipal Bond | 0.9% | |||
Money Market Fund | 0.5% | |||
Seix Short-Term Municipal Bond Fund | ||||
Municipal Bonds | 90.6% | |||
Money Market Fund | 9.4% | |||
Seix Total Return Bond Fund | ||||
U.S. Treasury Obligations | 32.5% | |||
U.S. Government Agency Mortgages | 25.3% | |||
Corporate Bonds | 25.2% | |||
Collateralized Mortgage Obligations | 5.7% | |||
Asset-Backed Securities | 5.2% | |||
Foreign Government Bonds | 1.9% | |||
Money Market Funds | 4.2% | |||
Seix U.S. Government Securities Ultra-Short Bond Fund | ||||
Collateralized Mortgage Obligations | 49.9% | |||
U.S. Government Agency Mortgages | 47.0% | |||
Asset-Backed Security | 0.7% | |||
U.S. Treasury Obligation | 0.1% | |||
Money Market Fund | 2.3% | |||
Seix U.S. Mortgage Fund | ||||
U.S. Government Agency Mortgages | 85.6% | |||
Collateralized Mortgage Obligations | 10.5% | |||
Money Market Fund | 3.9% | |||
Seix Ultra-Short Bond Fund | ||||
Corporate Bonds | 45.7% | |||
Asset-Backed Securities | 21.1% | |||
Collateralized Mortgage Obligations | 20.8% | |||
U.S. Government Agency Mortgages | 7.6% | |||
Municipal Bond | 0.3% | |||
U.S. Treasury Obligation | 0.1% | |||
Money Market Fund | 4.4% | |||
Seix Virginia Intermediate Municipal Bond Fund | ||||
Municipal Bonds | 94.6% | |||
Money Market Fund | 5.4% |
Investment Weightings is subject to change.
2
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 5.5% | ||||||||
Automobiles 0.8% |
| |||||||
Ford Credit Auto Owner Trust, Series 2016-1, Cl A, 2.310%, 08/15/27(a) | 845,000 | 864,511 | ||||||
Nissan Auto Lease Trust, Series 2016-B, Cl A2B, 0.780%, 12/17/18(b) | 1,040,000 | 1,039,992 | ||||||
|
| |||||||
1,904,503 | ||||||||
|
| |||||||
Credit Card 3.0% |
| |||||||
American Express Issuance Trust II, Series 2013-1, Cl A, 0.804%, 02/15/19(b) | 380,000 | 380,754 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-3, Cl A, 2.410%, 07/15/22 | 1,205,000 | 1,241,570 | ||||||
Cabela’s Credit Card Master Note Trust, Series 2014-2, Cl A, 0.974%, 07/15/22(b) | 1,331,000 | 1,323,688 | ||||||
Capital One Multi-Asset Execution Trust, Series 2005-B3, Cl B3, 1.230%, 05/15/28(b) | 396,000 | 374,203 | ||||||
Capital One Multi-Asset Execution Trust, Series 2016-A4, Cl A4, 1.330%, 06/15/22 | 1,255,000 | 1,253,189 | ||||||
Discover Card Execution Note Trust, Series 2016-A4, Cl A4, 1.390%, 03/15/22 | 1,975,000 | 1,975,628 | ||||||
World Financial Network Credit Card Master Trust, Series 2016-B, Cl A, 1.440%, 06/15/22 | 815,000 | 815,043 | ||||||
|
| |||||||
7,364,075 | ||||||||
|
| |||||||
Other 1.7% |
| |||||||
DB Master Finance LLC, Series 2015-1A, Cl A2II, 3.980%, 02/20/45(a) | 1,147,525 | 1,173,091 | ||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(a) | 1,136,961 | 1,169,226 | ||||||
Ohio Phase-In-Recovery Funding LLC, Series 2013-1, Cl A2, 2.049%, 07/01/20 | 685,000 | 691,440 | ||||||
Taco Bell Funding LLC, Series 2016-1A, Cl A2I, 3.832%, 05/25/46(a) | 1,205,000 | 1,221,923 | ||||||
|
| |||||||
4,255,680 | ||||||||
|
| |||||||
Total Asset-Backed Securities | 13,524,258 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations 6.3% |
| |||||||
Commercial Mortgage Backed Securities 6.3% |
| |||||||
Federal National Mortgage Association | ||||||||
Series 2006-M2, Cl A2A, 5.271%, 10/25/32(b) | 668,039 | 737,153 | ||||||
|
| |||||||
FREMF Mortgage Trust | ||||||||
Series 2011-K10, Cl B, 4.790%, 11/25/49(a)(b) | 605,000 | 657,214 | ||||||
Series 2012-K21, Cl B, 4.071%, 07/25/45(a)(b) | 490,000 | 524,401 | ||||||
Series 2013-K25, Cl B, 3.743%, 11/25/45(a)(b) | 740,000 | 777,214 | ||||||
Series 2013-K713, Cl B, 3.274%, 04/25/46(a)(b) | 480,000 | 492,360 | ||||||
Series 2016-K52, Cl B, 4.055%, 01/25/49(a)(b) | 745,000 | 756,729 | ||||||
|
| |||||||
3,207,918 | ||||||||
|
| |||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2012-ALOH, Cl A, 3.551%, 04/10/34(a) | 980,000 | 1,058,699 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(a) | 1,195,000 | 1,236,013 | ||||||
|
| |||||||
2,294,712 | ||||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2010-C1, Cl A2, 4.592%, 08/10/43(a) | 1,011,000 | 1,103,137 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2012-HSBC, Cl B, 3.722%, 07/05/32(a) | 380,000 | 405,563 | ||||||
|
| |||||||
Madison Avenue Trust | ||||||||
Series 2013-650M, Cl B, 4.169%, 10/12/32(a)(b) | 1,815,000 | 1,925,209 | ||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2014-CPT, Cl A, 3.350%, 07/13/29(a) | 1,085,000 | 1,151,490 | ||||||
Series 2014-CPT, Cl AM, 3.516%, 07/13/29(a)(b) | 300,000 | 316,889 | ||||||
|
| |||||||
1,468,379 | ||||||||
|
| |||||||
VNDO Mortgage Trust | ||||||||
Series 2013-PENN, Cl B, 4.079%, 12/13/29(a)(b) | 1,125,000 | 1,194,498 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2012-C6, Cl AS, 3.835%, 04/15/45 | 638,000 | 688,500 | ||||||
Series 2012-C8, Cl AFL, 1.530%, 08/15/45(a)(b) | 1,380,000 | 1,385,665 |
See Notes to Financial Statements.
3
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Series 2012-C10, Cl AS, 3.241%, 12/15/45 | 995,000 | 1,035,715 | ||||||
|
| |||||||
3,109,880 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 15,446,449 | |||||||
|
| |||||||
Corporate Bonds 27.8% |
| |||||||
Agriculture 0.5% |
| |||||||
Japan Tobacco, Inc., 2.100%, 07/23/18(a) | 1,187,000 | 1,201,027 | ||||||
|
| |||||||
Airlines 0.1% |
| |||||||
United Airlines Pass Through Trust, Series 2016-1, Cl A, 3.450%, 07/07/28 | 342,000 | 356,535 | ||||||
|
| |||||||
Auto Manufacturers 1.1% |
| |||||||
BMW U.S. Capital LLC, 2.800%, 04/11/26(a) | 721,000 | 736,472 | ||||||
Daimler Finance North America LLC, 2.250%, 03/02/20(a) | 349,000 | 354,232 | ||||||
General Motors Co., 5.200%, 04/01/45 | 835,000 | 868,550 | ||||||
Volkswagen International Finance, 2.375%, 03/22/17(a) | 742,000 | 744,959 | ||||||
|
| |||||||
2,704,213 | ||||||||
|
| |||||||
Banks 5.3% |
| |||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 644,000 | 644,959 | ||||||
Bank of America NA, 1.750%, 06/05/18 | 498,000 | 500,879 | ||||||
Citigroup, Inc., 2.350%, 08/02/21 | 566,000 | 568,202 | ||||||
Citigroup, Inc., 2.500%, 09/26/18 | 1,039,000 | 1,055,488 | ||||||
Fifth Third Bank, 2.250%, 06/14/21 | 715,000 | 726,941 | ||||||
Fifth Third Bank, 3.850%, 03/15/26 | 980,000 | 1,044,429 | ||||||
Goldman Sachs Group, Inc. (The), 5.150%, 05/22/45 | 558,000 | 608,507 | ||||||
Huntington National Bank (The), 1.300%, 11/20/16 | 1,072,000 | 1,072,356 | ||||||
JPMorgan Chase & Co., 2.295%, 08/15/21, MTN | 591,000 | 592,285 | ||||||
Lloyds Bank PLC, 2.050%, 01/22/19 | 600,000 | 602,521 | ||||||
Morgan Stanley, 3.125%, 07/27/26, MTN | 1,522,000 | 1,531,100 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued |
| |||||||
Morgan Stanley, 3.950%, 04/23/27 | 383,000 | 397,803 | ||||||
Royal Bank of Scotland Group PLC, 3.875%, 09/12/23 | 1,299,000 | 1,278,207 | ||||||
Toronto-Dominion Bank (The), 3.625%, 09/15/31(b) | 191,000 | 191,527 | ||||||
US Bancorp, 2.350%, 01/29/21, MTN | 342,000 | 351,889 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 585,000 | 626,973 | ||||||
US Bank NA, 1.100%, 01/30/17 | 1,229,000 | 1,229,194 | ||||||
|
| |||||||
13,023,260 | ||||||||
|
| |||||||
Beverages 1.1% |
| |||||||
Anheuser-Busch InBev Finance, Inc., 2.650%,��02/01/21 | 305,000 | 314,728 | ||||||
Anheuser-Busch InBev Finance, Inc., 3.650%, 02/01/26 | 188,000 | 201,912 | ||||||
Anheuser-Busch InBev Finance, Inc., 4.900%, 02/01/46 | 580,000 | 690,073 | ||||||
Molson Coors Brewing Co., 4.200%, 07/15/46 | 457,000 | 476,167 | ||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(a) | 1,133,000 | 1,136,397 | ||||||
|
| |||||||
2,819,277 | ||||||||
|
| |||||||
Biotechnology 0.2% |
| |||||||
Celgene Corp., 4.625%, 05/15/44 | 235,000 | 247,709 | ||||||
Celgene Corp., 5.000%, 08/15/45 | 221,000 | 248,828 | ||||||
|
| |||||||
496,537 | ||||||||
|
| |||||||
Commercial Services 0.5% |
| |||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(a) | 567,000 | 570,619 | ||||||
ERAC USA Finance LLC, 3.850%, 11/15/24(a) | 223,000 | 239,931 | ||||||
ERAC USA Finance LLC, 4.500%, 02/15/45(a) | 211,000 | 224,813 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(a) | 283,000 | 317,905 | ||||||
|
| |||||||
1,353,268 | ||||||||
|
| |||||||
Computers 0.2% |
| |||||||
Diamond 1 Finance Corp./Diamond 2 Finance Corp., 8.350%, 07/15/46(a) | 438,000 | 524,440 | ||||||
|
|
See Notes to Financial Statements.
4
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services 1.3% |
| |||||||
Air Lease Corp., 4.250%, 09/15/24 | 1,372,000 | 1,442,164 | ||||||
American Express Credit Corp., 2.375%, 03/24/17, MTN | 360,000 | 362,164 | ||||||
Lazard Group LLC, 3.750%, 02/13/25 | 1,016,000 | 1,022,763 | ||||||
TD Ameritrade Holding Corp., 2.950%, 04/01/22 | 361,000 | 376,166 | ||||||
|
| |||||||
3,203,257 | ||||||||
|
| |||||||
Electric 0.8% |
| |||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 220,000 | 292,213 | ||||||
Duke Energy Corp., 3.750%, 09/01/46 | 728,000 | 705,995 | ||||||
Emera U.S. Finance LP, 4.750%, 06/15/46(a) | 732,000 | 785,616 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 291,000 | 303,871 | ||||||
|
| |||||||
2,087,695 | ||||||||
|
| |||||||
Electronics 0.1% |
| |||||||
Fortive Corp., 4.300%, 06/15/46(a) | 183,000 | 195,849 | ||||||
|
| |||||||
Forest Products & Paper 0.3% |
| |||||||
International Paper Co., 3.000%, 02/15/27 | 832,000 | 831,034 | ||||||
|
| |||||||
Healthcare-Products 0.4% |
| |||||||
Becton Dickinson and Co., 4.685%, 12/15/44 | 189,000 | 215,551 | ||||||
Medtronic, Inc., 3.500%, 03/15/25 | 176,000 | 189,528 | ||||||
Medtronic, Inc., 4.625%, 03/15/45 | 450,000 | 528,745 | ||||||
|
| |||||||
933,824 | ||||||||
|
| |||||||
Healthcare-Services 0.5% |
| |||||||
Aetna, Inc., 4.375%, 06/15/46 | 801,000 | 838,765 | ||||||
Howard Hughes Medical Institute, 3.500%, 09/01/23 | 334,000 | 365,643 | ||||||
|
| |||||||
1,204,408 | ||||||||
|
| |||||||
Insurance 0.8% |
| |||||||
Chubb INA Holdings, Inc., 4.350%, 11/03/45 | 270,000 | 312,086 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(a) | 702,000 | 704,873 | ||||||
Nationwide Financial Services, Inc., 5.375%, 03/25/21(a) | 556,000 | 623,558 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 208,000 | 227,293 | ||||||
|
| |||||||
1,867,810 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Media 0.6% |
| |||||||
Comcast Corp., 3.400%, 07/15/46 | 1,073,000 | 1,043,065 | ||||||
Viacom, Inc., 3.450%, 10/04/26 | 422,000 | 421,751 | ||||||
|
| |||||||
1,464,816 | ||||||||
|
| |||||||
Mining 2.2% |
| |||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 775,000 | 885,545 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(a) | 658,000 | 743,346 | ||||||
Newmont Mining Corp., 4.875%, 03/15/42 | 949,000 | 999,952 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 1,532,000 | 1,806,982 | ||||||
Rio Tinto Finance USA Ltd., 3.750%, 06/15/25 | 1,012,000 | 1,088,761 | ||||||
|
| |||||||
5,524,586 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.7% |
| |||||||
General Electric Co., 3.450%, 05/15/24, MTN | 731,000 | 793,144 | ||||||
General Electric Co., 4.125%, 10/09/42 | 189,000 | 206,838 | ||||||
General Electric Co., 5.250%, 12/06/17 | 653,000 | 684,477 | ||||||
|
| |||||||
1,684,459 | ||||||||
|
| |||||||
Oil & Gas 3.2% |
| |||||||
Anadarko Petroleum Corp., 3.450%, 07/15/24 | 651,000 | 642,148 | ||||||
Apache Corp., 3.250%, 04/15/22 | 587,000 | 602,345 | ||||||
BP Capital Markets PLC, 2.112%, 09/16/21(c) | 232,000 | 233,348 | ||||||
Devon Energy Corp., 5.850%, 12/15/25(c) | 590,000 | 663,974 | ||||||
Ensco PLC, 4.500%, 10/01/24 | 262,000 | 188,640 | ||||||
Ensco PLC, 5.200%, 03/15/25(c) | 337,000 | 246,465 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 637,000 | 389,006 | ||||||
Hess Corp., 4.300%, 04/01/27 | 922,000 | 929,179 | ||||||
Marathon Oil Corp., 3.850%, 06/01/25 | 589,000 | 559,340 | ||||||
Marathon Petroleum Corp., 3.625%, 09/15/24 | 96,000 | 96,719 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 363,000 | 318,340 | ||||||
Shell International Finance BV, 1.750%, 09/12/21 | 402,000 | 399,781 | ||||||
Shell International Finance BV, 3.750%, 09/12/46 | 625,000 | 617,019 |
See Notes to Financial Statements.
5
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
Woodside Finance Ltd., 3.650%, 03/05/25(a) | 367,000 | 370,057 | ||||||
Woodside Finance Ltd., 3.700%, 09/15/26(a) | 1,055,000 | 1,060,493 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(a) | 550,000 | 587,841 | ||||||
|
| |||||||
7,904,695 | ||||||||
|
| |||||||
Oil & Gas Services 0.8% |
| |||||||
FMC Technologies, Inc., 3.450%, 10/01/22 | 127,000 | 128,681 | ||||||
Schlumberger Holdings Corp., 3.000%, 12/21/20(a) | 454,000 | 473,401 | ||||||
Schlumberger Holdings Corp., 4.000%, 12/21/25(a) | 887,000 | 965,034 | ||||||
Schlumberger Investment SA, 3.300%, 09/14/21(a) | 285,000 | 301,993 | ||||||
|
| |||||||
1,869,109 | ||||||||
|
| |||||||
Pharmaceuticals 0.8% |
| |||||||
AbbVie, Inc., 3.600%, 05/14/25 | 533,000 | 557,125 | ||||||
Novartis Securities Investment Ltd., 5.125%, 02/10/19 | 215,000 | 234,180 | ||||||
Shire Acquisitions Investments Ireland DAC, 3.200%, 09/23/26 | 301,000 | 302,619 | ||||||
Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/46 | 930,000 | 925,590 | ||||||
|
| |||||||
2,019,514 | ||||||||
|
| |||||||
Pipelines 0.9% |
| |||||||
EnLink Midstream Partners LP, 4.150%, 06/01/25 | 838,000 | 802,213 | ||||||
Phillips 66 Partners LP, 3.605%, 02/15/25 | 90,000 | 90,516 | ||||||
Phillips 66 Partners LP, 4.680%, 02/15/45 | 116,000 | 109,906 | ||||||
Transcanada Trust, 5.875%, 08/15/76(b) | 166,000 | 175,628 | ||||||
Western Gas Partners LP, 4.650%, 07/01/26 | 688,000 | 712,009 | ||||||
Williams Partners LP, 4.000%, 09/15/25 | 403,000 | 402,927 | ||||||
|
| |||||||
2,293,199 | ||||||||
|
| |||||||
Real Estate Investment Trust 1.1% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 312,000 | 325,437 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 572,000 | 647,895 |
Shares or Principal Amount($) | Value($) | |||||||
Real Estate Investment Trust—continued |
| |||||||
Boston Properties LP, 3.650%, 02/01/26 | 375,000 | 396,618 | ||||||
Digital Realty Trust LP, 3.950%, 07/01/22 | 627,000 | 664,557 | ||||||
Digital Realty Trust LP, 4.750%, 10/01/25 | 425,000 | 461,152 | ||||||
Simon Property Group LP, 3.300%, 01/15/26 | 275,000 | 290,242 | ||||||
|
| |||||||
2,785,901 | ||||||||
|
| |||||||
Retail 0.8% |
| |||||||
CVS Health Corp., 5.125%, 07/20/45 | 348,000 | 425,828 | ||||||
Home Depot, Inc. (The), 2.625%, 06/01/22 | 345,000 | 358,255 | ||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 1,133,000 | 1,135,431 | ||||||
|
| |||||||
1,919,514 | ||||||||
|
| |||||||
Semiconductors 1.2% |
| |||||||
Intel Corp., 1.950%, 10/01/16 | 380,000 | 380,000 | ||||||
Intel Corp., 4.100%, 05/19/46 | 388,000 | 415,277 | ||||||
NVIDIA Corp., 3.200%, 09/16/26 | 444,000 | 447,496 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(a) | 1,673,000 | 1,675,603 | ||||||
|
| |||||||
2,918,376 | ||||||||
|
| |||||||
Software 0.8% |
| |||||||
Activision Blizzard, Inc., 3.400%, 09/15/26(a) | 549,000 | 551,352 | ||||||
Oracle Corp., 2.650%, 07/15/26 | 1,329,000 | 1,329,242 | ||||||
|
| |||||||
1,880,594 | ||||||||
|
| |||||||
Telecommunication Services 1.3% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 532,000 | 542,017 | ||||||
AT&T, Inc., 3.950%, 01/15/25 | 168,000 | 178,333 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 198,000 | 195,040 | ||||||
AT&T, Inc., 4.750%, 05/15/46 | 400,000 | 418,582 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 573,000 | 612,874 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 460,000 | 468,998 | ||||||
Verizon Communications, Inc., 4.125%, 08/15/46 | 676,000 | 676,187 | ||||||
|
| |||||||
3,092,031 | ||||||||
|
| |||||||
Toys/Games/Hobbies 0.2% |
| |||||||
Mattel, Inc., 2.350%, 08/15/21 | 367,000 | 372,061 | ||||||
|
| |||||||
Total Corporate Bonds | 68,531,289 | |||||||
|
|
See Notes to Financial Statements.
6
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages 27.1% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #G30614, 3.500%, 12/01/32 | 833,130 | 890,085 | ||||||
Pool #C91768, 3.500%, 07/01/34 | 1,055,625 | 1,122,776 | ||||||
Pool #G01779, 5.000%, 04/01/35 | 133,832 | 149,707 | ||||||
Pool #G01837, 5.000%, 07/01/35 | 61,023 | 68,298 | ||||||
Pool #G01838, 5.000%, 07/01/35 | 29,291 | 32,762 | ||||||
Pool #Z40115, 6.000%, 05/01/36 | 1,212,284 | 1,405,209 | ||||||
Pool #G03296, 6.000%, 09/01/37 | 295,056 | 345,574 | ||||||
Pool #G05326, 5.000%, 02/01/38 | 129,914 | 145,139 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 144,973 | 158,984 | ||||||
Pool #G08353, 4.500%, 07/01/39 | 185,461 | 203,851 | ||||||
Pool #G05606, 4.500%, 07/01/39 | 1,613,749 | 1,773,666 | ||||||
Pool #G06079, 6.000%, 07/01/39 | 58,440 | 66,682 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 343,336 | 369,803 | ||||||
Pool #A89384, 4.000%, 10/01/39 | 63,601 | 68,503 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 548,944 | 603,414 | ||||||
Pool #Q30058, 3.000%, 01/01/40 | 308,491 | 320,861 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 64,943 | 72,052 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 501,431 | 542,441 | ||||||
Pool #A95085, 4.000%, 11/01/40 | 333,488 | 359,166 | ||||||
Pool #V82101, 4.000%, 11/01/40 | 218,594 | 235,513 | ||||||
Pool #A95796, 4.000%, 12/01/40 | 202,205 | 217,813 | ||||||
Pool #A95822, 4.000%, 12/01/40 | 556,477 | 605,521 | ||||||
Pool #G60126, 4.500%, 11/01/41 | 53,787 | 58,977 | ||||||
Pool #C04123, 4.000%, 07/01/42 | 907,569 | 984,155 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #G60019, 4.500%, 03/01/44 | 1,763,232 | 1,937,547 | ||||||
Pool #Q29416, 4.000%, 11/01/44 | 250,998 | 271,568 | ||||||
Pool #G60589, 4.000%, 02/01/45 | 1,795,976 | 1,926,303 | ||||||
Pool #Q31066, 4.000%, 02/01/45 | 207,197 | 225,311 | ||||||
Pool #Q31645, 4.000%, 02/01/45 | 149,539 | 161,324 | ||||||
Pool #Q35611, 4.000%, 09/01/45 | 1,332,019 | 1,442,285 | ||||||
Pool #Q36238, 4.000%, 09/01/45 | 236,980 | 254,571 | ||||||
Pool #Q37163, 3.500%, 11/01/45 | 707,973 | 755,617 | ||||||
Pool #Q38473, 4.000%, 01/01/46 | 853,239 | 915,156 | ||||||
Pool #Q40240, 4.000%, 03/01/46 | 316,096 | 339,128 | ||||||
Pool #Q40123, 3.500%, 04/01/46 | 660,454 | 706,163 | ||||||
Pool #Q40124, 3.500%, 04/01/46 | 847,613 | 905,041 | ||||||
Pool #Q40723, 4.000%, 05/01/46 | 799,992 | 858,364 | ||||||
|
| |||||||
21,499,330 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AP9592, 3.500%, 10/01/32 | 886,604 | 948,731 | ||||||
Pool #MA1630, 4.000%, 10/01/33 | 304,852 | 330,287 | ||||||
Pool #MA1763, 3.500%, 01/01/34 | 352,781 | 375,331 | ||||||
Pool #190370, 6.000%, 06/01/36 | 266,280 | 305,786 | ||||||
Pool #890248, 6.000%, 08/01/37 | 81,532 | 94,870 | ||||||
Pool #889529, 6.000%, 03/01/38 | 85,858 | 99,911 | ||||||
Pool #AE0814, 6.000%, 09/01/39 | 1,308,501 | 1,499,797 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 86,029 | 92,421 | ||||||
Pool #AX3605, 3.500%, 01/01/40 | 332,296 | 351,010 | ||||||
Pool #932441, 4.000%, 01/01/40 | 825,071 | 886,377 |
See Notes to Financial Statements.
7
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AC9564, 4.500%, 02/01/40 | 232,264 | 257,120 | ||||||
Pool #AL7497, 3.500%, 09/01/40 | 2,802,212 | 2,967,672 | ||||||
Pool #AE3860, 5.000%, 10/01/40 | 1,391,083 | 1,547,962 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 496,373 | 534,441 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 72,491 | 78,422 | ||||||
Pool #AE9284, 4.000%, 11/01/40 | 114,590 | 123,104 | ||||||
Pool #MA0639, 4.000%, 02/01/41 | 232,844 | 250,811 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 800,364 | 880,166 | ||||||
Pool #AB3274, 4.500%, 07/01/41 | 412,091 | 454,359 | ||||||
Pool #AZ0570, 4.000%, 09/01/41 | 453,166 | 488,707 | ||||||
Pool #AW8154, 3.500%, 01/01/42 | 4,005,852 | 4,264,142 | ||||||
Pool #AB5188, 3.500%, 05/01/42 | 1,026,141 | 1,086,778 | ||||||
Pool #AZ0572, 3.000%, 06/01/42 | 474,381 | 493,486 | ||||||
Pool #AP7874, 3.500%, 10/01/42 | 302,441 | 320,317 | ||||||
Pool #AB8726, 3.500%, 03/01/43 | 1,194,239 | 1,264,183 | ||||||
Pool #AT4912, 4.000%, 05/01/43 | 480,482 | 521,436 | ||||||
Pool #AS0653, 4.000%, 10/01/43 | 181,726 | 197,285 | ||||||
Pool #AV3452, 4.000%, 02/01/44 | 603,744 | 648,962 | ||||||
Pool #AL6223, 4.500%, 08/01/44 | 777,547 | 853,078 | ||||||
Pool #AL7378, 3.000%, 11/01/44 | 834,194 | 871,876 | ||||||
Pool #AY2685, 4.500%, 01/01/45 | 118,934 | 131,453 | ||||||
Pool #MA2279, 4.000%, 05/01/45 | 619,867 | 665,926 | ||||||
Pool #MA2341, 4.500%, 06/01/45 | 59,987 | 65,861 | ||||||
Pool #AZ9213, 4.000%, 10/01/45 | 1,394,538 | 1,512,559 | ||||||
Pool #BC2470, 3.500%, 02/01/46 | 550,101 | 592,795 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #BC6521, 3.500%, 05/01/46 | 824,120 | 871,275 | ||||||
Pool #BC8441, 4.000%, 06/01/46 | 390,920 | 420,199 | ||||||
Pool #BD1154, 3.500%, 08/01/46 | 696,985 | 737,727 | ||||||
Pool #BD4896, 4.000%, 08/01/46(d) | 933,629 | 1,003,123 | ||||||
Pool #BC5673, 4.000%, 08/01/46 | 1,026,158 | 1,105,379 | ||||||
Pool #BC5696, 4.000%, 09/01/46 | 864,000 | 930,702 | ||||||
|
| |||||||
31,125,827 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Pool #736663, 5.000%, 03/15/40 | 1,503,809 | 1,681,052 | ||||||
Pool #783653, 5.000%, 08/15/40 | 147,860 | 165,351 | ||||||
Pool #MA0321, 5.000%, 08/20/42 | 86,449 | 94,759 | ||||||
Pool #666413, 4.000%, 09/15/43 | 218,068 | 234,313 | ||||||
Pool #MA2681, 5.000%, 03/20/45 | 328,298 | 356,270 | ||||||
Pool #AM4159, 4.000%, 04/15/45 | 1,830,323 | 1,967,611 | ||||||
Pool #AM0226, 4.000%, 05/15/45 | 1,013,737 | 1,091,056 | ||||||
Pool #AM9875, 4.000%, 06/15/45 | 422,150 | 457,609 | ||||||
Pool #AM8631, 4.000%, 07/15/45 | 652,827 | 702,770 | ||||||
Pool #AN5745, 4.000%, 07/15/45 | 843,128 | 910,880 | ||||||
Pool #AN5764, 4.000%, 07/15/45 | 343,914 | 370,195 | ||||||
Pool #AN5766, 4.000%, 07/15/45 | 345,338 | 371,272 | ||||||
Pool #AN6811, 4.000%, 07/15/45 | 188,550 | 202,888 | ||||||
Pool #AB5970, 4.000%, 10/15/45 | 360,917 | 388,001 | ||||||
Pool #AB5975, 4.000%, 11/15/45 | 823,423 | 887,185 | ||||||
Pool #AO9362, 4.000%, 12/15/45 | 2,397,935 | 2,577,843 | ||||||
Pool #MA3875, 4.000%, 08/20/46 | 1,110,585 | 1,193,819 |
See Notes to Financial Statements.
8
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Core Bond Fund Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AV6530, 4.000%, 08/20/46 | 446,277 | 483,706 | ||||||
|
| |||||||
14,136,580 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 66,761,737 | |||||||
|
| |||||||
U.S. Treasury Obligations 31.1% |
| |||||||
U.S. Treasury Bond 5.1% |
| |||||||
2.500%, 05/15/46 | 12,142,000 | 12,566,970 | ||||||
|
| |||||||
U.S. Treasury Notes 26.0% |
| |||||||
1.250%, 10/31/18 | 1,027,000 | 1,036,307 | ||||||
0.750%, 08/15/19 | 14,934,000 | 14,882,074 | ||||||
1.375%, 02/29/20 | 8,902,000 | 9,018,491 | ||||||
1.625%, 07/31/20 | 26,588,000 | 27,166,502 | ||||||
1.500%, 08/15/26(e) | 12,062,000 | 11,944,673 | ||||||
|
| |||||||
64,048,047 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations | 76,615,017 | |||||||
|
| |||||||
Money Market Funds 3.9% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(f) | 8,912,180 | 8,912,180 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(f)(g) | 759,080 | 759,080 | ||||||
|
| |||||||
Total Money Market Funds | 9,671,260 | |||||||
|
| |||||||
Total Investments |
| 250,550,010 | ||||||
Liabilities in Excess of Other Assets — (1.7)% | (4,098,433 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 246,451,577 | ||||||
|
|
(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 13.2% of net assets as of September 30, 2016. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(c) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $738,650. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(f) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(g) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(k)). |
Investment Abbreviation
MTN — Medium Term Note
See Notes to Financial Statements.
9
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Corporate Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Corporate Bonds 96.1% | ||||||||
Agriculture 1.3% |
| |||||||
Japan Tobacco, Inc., 2.100%, 07/23/18(a) | 250,000 | 252,954 | ||||||
|
| |||||||
Airlines 0.6% |
| |||||||
United Airlines Pass Through Trust, Series 2016-1, Cl A, 3.450%, 01/07/30 | 110,000 | 114,675 | ||||||
|
| |||||||
Auto Manufacturers 2.6% |
| |||||||
BMW U.S. Capital LLC, 2.800%, 04/11/26(a) | 240,000 | 245,150 | ||||||
General Motors Co., 5.200%, 04/01/45 | 267,000 | 277,728 | ||||||
|
| |||||||
522,878 | ||||||||
|
| |||||||
Auto Parts & Equipment 0.8% |
| |||||||
Lear Corp., 4.750%, 01/15/23 | 153,000 | 158,929 | ||||||
|
| |||||||
Banks 14.4% |
| |||||||
Citigroup, Inc., 2.350%, 08/02/21 | 209,000 | 209,813 | ||||||
Fifth Third Bank, 3.850%, 03/15/26 | 259,000 | 276,028 | ||||||
Goldman Sachs Group, Inc. (The), 5.150%, 05/22/45 | 212,000 | 231,189 | ||||||
JPMorgan Chase & Co., 2.295%, 08/15/21, MTN | 213,000 | 213,463 | ||||||
Morgan Stanley, 2.650%, 01/27/20 | 238,000 | 243,203 | ||||||
Morgan Stanley, 3.950%, 04/23/27 | 204,000 | 211,885 | ||||||
National Australia Bank Ltd., 1.875%, 07/12/21 | 434,000 | 431,580 | ||||||
Royal Bank of Scotland Group PLC, 3.875%, 09/12/23 | 398,000 | 391,629 | ||||||
Royal Bank of Scotland Group PLC, 8.625%(b)(c) | 251,000 | 245,666 | ||||||
Toronto-Dominion Bank (The), 3.625%, 09/15/31(b) | 58,000 | 58,160 | ||||||
US Bancorp, 2.350%, 01/29/21, MTN | 124,000 | 127,585 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 223,000 | 239,000 | ||||||
|
| |||||||
2,879,201 | ||||||||
|
| |||||||
Beverages 2.7% |
| |||||||
Anheuser-Busch InBev Finance, Inc., 3.650%, 02/01/26 | 351,000 | 376,974 | ||||||
Molson Coors Brewing Co., 4.200%, 07/15/46 | 146,000 | 152,123 | ||||||
|
| |||||||
529,097 | ||||||||
|
| |||||||
Biotechnology 0.8% |
| |||||||
Celgene Corp., 4.625%, 05/15/44 | 76,000 | 80,110 | ||||||
Celgene Corp., 5.000%, 08/15/45 | 78,000 | 87,822 | ||||||
|
| |||||||
167,932 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services 2.9% |
| |||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(a) | 215,000 | 216,372 | ||||||
ERAC USA Finance LLC, 4.500%, 02/15/45(a) | 82,000 | 87,368 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(a) | 251,000 | 281,958 | ||||||
|
| |||||||
585,698 | ||||||||
|
| |||||||
Computers 3.6% |
| |||||||
Apple, Inc., 1.100%, 08/02/19 | 550,000 | �� | 547,840 | |||||
Diamond 1 Finance Corp./Diamond 2 Finance Corp., 8.350%, 07/15/46(a) | 140,000 | 167,629 | ||||||
|
| |||||||
715,469 | ||||||||
|
| |||||||
Diversified Financial Services 4.7% |
| |||||||
Air Lease Corp., 4.250%, 09/15/24 | 395,000 | 415,200 | ||||||
Lazard Group LLC, 3.750%, 02/13/25 | 401,000 | 403,670 | ||||||
TD Ameritrade Holding Corp., 2.950%, 04/01/22 | 115,000 | 119,831 | ||||||
|
| |||||||
938,701 | ||||||||
|
| |||||||
Electric 5.0% |
| |||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 104,000 | 138,137 | ||||||
Duke Energy Corp., 3.750%, 09/01/46 | 227,000 | 220,139 | ||||||
Emera U.S. Finance LP, 4.750%, 06/15/46(a) | 234,000 | 251,139 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 170,000 | 177,519 | ||||||
FirstEnergy Transmission LLC, 5.450%, 07/15/44(a) | 184,000 | 205,826 | ||||||
|
| |||||||
992,760 | ||||||||
|
| |||||||
Forest Products & Paper 1.6% |
| |||||||
International Paper Co., 3.000%, 02/15/27 | 312,000 | 311,638 | ||||||
|
| |||||||
Healthcare-Products 1.6% |
| |||||||
Becton Dickinson and Co., 4.685%, 12/15/44 | 65,000 | 74,131 | ||||||
Medtronic, Inc., 3.500%, 03/15/25 | 63,000 | 67,843 | ||||||
Medtronic, Inc., 4.625%, 03/15/45 | 145,000 | 170,373 | ||||||
|
| |||||||
312,347 | ||||||||
|
| |||||||
Healthcare-Services 2.3% |
| |||||||
Aetna, Inc., 4.375%, 06/15/46 | 228,000 | 238,750 | ||||||
Roche Holdings, Inc., 2.250%, 09/30/19(a) | 216,000 | 221,670 | ||||||
|
| |||||||
460,420 | ||||||||
|
|
See Notes to Financial Statements.
10
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Corporate Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Insurance 1.0% |
| |||||||
Chubb INA Holdings, Inc., 4.350%, 11/03/45 | 86,000 | 99,405 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 92,000 | 100,534 | ||||||
|
| |||||||
199,939 | ||||||||
|
| |||||||
Media 0.7% |
| |||||||
Viacom, Inc., 3.450%, 10/04/26 | 133,000 | 132,922 | ||||||
|
| |||||||
Mining 5.4% |
| |||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 217,000 | 247,953 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(a) | 219,000 | 247,406 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 202,000 | 238,257 | ||||||
Rio Tinto Finance USA Ltd., 3.750%, 06/15/25(d) | 322,000 | 346,424 | ||||||
|
| |||||||
1,080,040 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 4.7% |
| |||||||
General Electric Co., 3.450%, 05/15/24, MTN | 285,000 | 309,228 | ||||||
General Electric Co., 4.125%, 10/09/42 | 127,000 | 138,987 | ||||||
General Electric Co., 5.250%, 12/06/17 | 471,000 | 493,704 | ||||||
|
| |||||||
941,919 | ||||||||
|
| |||||||
Oil & Gas 13.9% |
| |||||||
Anadarko Petroleum Corp., 3.450%, 07/15/24 | 202,000 | 199,253 | ||||||
Apache Corp., 3.250%, 04/15/22 | 200,000 | 205,228 | ||||||
Devon Energy Corp., 5.850%, 12/15/25 | 198,000 | 222,825 | ||||||
Ensco PLC, 4.500%, 10/01/24 | 161,000 | 115,920 | ||||||
Ensco PLC, 5.200%, 03/15/25(d) | 387,000 | 283,032 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 142,000 | 86,717 | ||||||
Hess Corp., 4.300%, 04/01/27 | 289,000 | 291,250 | ||||||
Marathon Oil Corp., 3.850%, 06/01/25(d) | 199,000 | 188,979 | ||||||
Marathon Petroleum Corp., 3.625%, 09/15/24 | 30,000 | 30,225 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 240,000 | 210,473 | ||||||
Shell International Finance BV, 1.750%, 09/12/21 | 123,000 | 122,321 | ||||||
Shell International Finance BV, 3.750%, 09/12/46 | 191,000 | 188,561 | ||||||
Woodside Finance Ltd., 3.650%, 03/05/25(a) | 96,000 | 96,800 |
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
Woodside Finance Ltd., 3.700%, 09/15/26(a) | 230,000 | 231,198 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(a) | 277,000 | 296,058 | ||||||
|
| |||||||
2,768,840 | ||||||||
|
| |||||||
Oil & Gas Services 2.8% |
| |||||||
FMC Technologies, Inc., 3.450%, 10/01/22 | 55,000 | 55,728 | ||||||
Schlumberger Holdings Corp., 3.000%, 12/21/20(a) | 162,000 | 168,923 | ||||||
Schlumberger Holdings Corp., 4.000%, 12/21/25(a) | 313,000 | 340,536 | ||||||
|
| |||||||
565,187 | ||||||||
|
| |||||||
Pharmaceuticals 3.1% |
| |||||||
AbbVie, Inc., 3.600%, 05/14/25 | 211,000 | 220,550 | ||||||
Shire Acquisitions Investments Ireland DAC, 3.200%, 09/23/26 | 94,000 | 94,506 | ||||||
Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/46 | 298,000 | 296,587 | ||||||
|
| |||||||
611,643 | ||||||||
|
| |||||||
Pipelines 4.6% |
| |||||||
EnLink Midstream Partners LP, 4.150%, 06/01/25 | 150,000 | 143,594 | ||||||
NuStar Logistics LP, 4.800%, 09/01/20 | 300,000 | 300,750 | ||||||
Phillips 66 Partners LP, 3.605%, 02/15/25 | 34,000 | 34,195 | ||||||
Phillips 66 Partners LP, 4.680%, 02/15/45 | 29,000 | 27,477 | ||||||
Transcanada Trust, 5.875%, 08/15/76(b) | 52,000 | 55,016 | ||||||
Western Gas Partners LP, 4.650%, 07/01/26 | 220,000 | 227,677 | ||||||
Williams Partners LP, 4.000%, 09/15/25 | 128,000 | 127,977 | ||||||
|
| |||||||
916,686 | ||||||||
|
| |||||||
Real Estate Investment Trust 4.8% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 214,000 | 223,216 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 243,000 | 275,242 | ||||||
Digital Realty Trust LP, 3.950%, 07/01/22 | 220,000 | 233,178 | ||||||
Digital Realty Trust LP, 4.750%, 10/01/25 | 123,000 | 133,463 |
See Notes to Financial Statements.
11
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Corporate Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Real Estate Investment Trust—continued |
| |||||||
Simon Property Group LP, 3.300%, 01/15/26 | 95,000 | 100,266 | ||||||
|
| |||||||
965,365 | ||||||||
|
| |||||||
Retail 1.5% |
| |||||||
CVS Health Corp., 5.125%, 07/20/45 | 125,000 | 152,955 | ||||||
Home Depot, Inc. (The), 2.625%, 06/01/22 | 138,000 | 143,302 | ||||||
|
| |||||||
296,257 | ||||||||
|
| |||||||
Semiconductors 1.7% |
| |||||||
NVIDIA Corp., 3.200%, 09/16/26 | 144,000 | 145,134 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(a) | 200,000 | 200,311 | ||||||
|
| |||||||
345,445 | ||||||||
|
| |||||||
Software 2.2% |
| |||||||
Activision Blizzard, Inc., 3.400%, 09/15/26(a) | 194,000 | 194,831 | ||||||
Microsoft Corp., 1.100%, 08/08/19 | 251,000 | 250,200 | ||||||
|
| |||||||
445,031 | ||||||||
|
| |||||||
Telecommunication Services 4.1% |
| |||||||
AT&T, Inc., 3.950%, 01/15/25 | 60,000 | 63,690 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 42,000 | 41,372 | ||||||
AT&T, Inc., 4.750%, 05/15/46 | 188,000 | 196,734 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 286,000 | 305,902 | ||||||
Verizon Communications, Inc., 4.125%, 08/15/46 | 216,000 | 216,060 | ||||||
|
| |||||||
823,758 | ||||||||
|
| |||||||
Toys/Games/Hobbies 0.7% |
| |||||||
Mattel, Inc., 2.350%, 08/15/21 | 137,000 | 138,889 | ||||||
|
| |||||||
Total Corporate Bonds | 19,174,620 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Money Market Funds 4.9% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(e) | 295,901 | 295,901 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(e)(f) | 669,285 | 669,285 | ||||||
|
| |||||||
Total Money Market Funds | 965,186 | |||||||
|
| |||||||
Total Investments | 20,139,806 | |||||||
Liabilities in Excess of Other Assets — (1.0)% | (190,745 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 19,949,061 | ||||||
|
|
(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 18.6% of net assets as of September 30, 2016. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(c) | Perpetual maturity. |
(d) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $650,348. |
(e) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(f) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(k)). |
Investment Abbreviation
MTN — Medium Term Note
See Notes to Financial Statements.
12
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund
Shares, Contract | Value($) | |||||||
Asset-Backed Security 0.0%(a) | ||||||||
Other 0.0%(a) |
| |||||||
Ares XXII CLO Ltd., Series 2007-22A, Cl D, 5.530%, 08/15/19(b)(c) | 620,000 | 620,162 | ||||||
|
| |||||||
Total Asset-Backed Security (Cost $565,214) | 620,162 | |||||||
|
| |||||||
Bank Loans 94.0% | ||||||||
Aerospace 3.5% |
| |||||||
Air Canada, 2016 Term Loan B, 09/21/23(c)(d)(e) | 12,040,000 | 12,049,030 | ||||||
Air Canada, 2015 Term Loan B, 4.000%, 09/26/19(b)(c) | 12,401,896 | 12,417,398 | ||||||
AM General LLC, Term Loan B, 10.250%, 03/22/18(b)(c) | 14,171,143 | 13,923,148 | ||||||
American Airlines, Inc., 2016 Term Loan B, 3.502%, 04/28/23(b)(c) | 2,980,000 | 2,984,738 | ||||||
AWAS Finance Luxembourg S.A.R.L., Term Loan B, 4.100%, 06/10/18(b)(c) | 9,603,316 | 9,639,329 | ||||||
Computer Sciences Government Services, Inc., Term Loan B, 3.750%, 11/28/22(b)(c) | 12,153,851 | 12,234,918 | ||||||
DAE Aviation Holdings, Inc., 1st Lien Term Loan, 5.250%, | 4,069,436 | 4,091,045 | ||||||
Engility Corp., Term Loan B1, 4.774%, 08/12/20(b)(c) | 12,520,000 | 12,634,808 | ||||||
Engility Corp., Term Loan B2, 5.750%-7.250%, 08/12/23(b)(c) | 21,218,824 | 21,411,066 | ||||||
TransDigm, Inc., Term Loan D, 3.750%-3.838%, 06/04/21(b)(c) | 8,831,712 | 8,824,382 | ||||||
TransDigm, Inc., 2015 Term Loan E, 3.750%, 05/14/22(b)(c) | 19,490,419 | 19,501,334 | ||||||
TransDigm, Inc., 2016 Delayed Draw Term Loan F, 3.750%, | 2,166,413 | 2,165,741 | ||||||
TransDigm, Inc., 2016 Term Loan F, 3.750%, 06/09/23(b)(c) | 2,407,125 | 2,406,379 |
Shares, Contract | Value($) | |||||||
Aerospace—continued |
| |||||||
TransDigm, Inc., 2016 Extended Term Loan F, 3.750%, | 20,385,196 | 20,378,877 | ||||||
WP CPP Holdings LLC, Term Loan B3, 4.500%, | 9,058,706 | 8,866,208 | ||||||
WP CPP Holdings LLC, New 2nd Lien Term Loan, 8.750%, | 1,825,975 | 1,643,378 | ||||||
|
| |||||||
165,171,779 | ||||||||
|
| |||||||
Broadcasting 2.9% |
| |||||||
Cumulus Media Holdings, Inc., 2013 Term Loan, 4.250%, | 8,810,805 | 6,112,496 | ||||||
EIG Investors Corp., 2016 Term Loan, 6.000%, 02/09/23(b)(c) | 6,845,503 | 6,366,317 | ||||||
iHeartCommunications, Inc., USD Extended Term Loan E, 8.024%, 07/30/19(b)(c)(f) | 77,742,285 | 59,386,554 | ||||||
Mission Broadcasting, Inc., 2016 Term Loan B2, 09/26/23(c)(d)(e) | 475,364 | 477,541 | ||||||
Tribune Media Co., Term Loan, 3.750%, 12/27/20(b)(c) | 16,999,267 | 17,110,783 | ||||||
Univision Communications, Inc., Term Loan C3, 4.000%, | 34,835,101 | 34,885,961 | ||||||
Univision Communications, Inc., Term Loan C4, 4.000%, | 11,379,231 | 11,398,803 | ||||||
|
| |||||||
135,738,455 | ||||||||
|
| |||||||
Cable/Wireless Video 5.8% |
| |||||||
Charter Communications Operating LLC, Term Loan E, 3.000%, 07/01/20(b)(c) | 18,599,295 | 18,648,211 | ||||||
Charter Communications Operating LLC, Term Loan F, 3.000%, 01/04/21(b)(c) | 3,832,211 | 3,842,405 | ||||||
Charter Communications Operating LLC, 2016 Term Loan H, 3.250%, 08/24/21(b)(c) | 8,218,700 | 8,247,465 |
See Notes to Financial Statements.
13
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Cable/Wireless Video—continued |
| |||||||
Charter Communications Operating LLC, 2016 Term Loan I, 3.500%, 01/24/23(b)(c) | 1,373,100 | 1,381,297 | ||||||
CSC Holdings LLC, 2015 Term Loan B, 5.000%, 10/09/22(b)(c) | 17,890,163 | 17,908,768 | ||||||
Liberty Cablevision of Puerto Rico LLC, 1st Lien Term Loan, 4.500%, 01/07/22(b)(c) | 13,560,000 | 13,365,143 | ||||||
Liberty Cablevision of Puerto Rico LLC, 2nd Lien Term Loan, 7.750%, 07/07/23(b)(c) | 7,945,000 | 7,562,687 | ||||||
MCC Iowa LLC, Term Loan H, 3.250%, 01/29/21(b)(c) | 11,314,862 | 11,371,436 | ||||||
Nexstar Broadcasting, Inc., 2016 Term Loan B, 09/21/23(c)(d)(e) | 5,810,000 | 5,836,610 | ||||||
Quebecor Media, Inc., Term Loan B1, 3.317%, 08/17/20(b)(c) | 26,999,832 | 26,898,582 | ||||||
UPC Financing Partnership, USD Term Loan AN, 4.080%, | 22,165,000 | 22,236,150 | ||||||
Virgin Media Investment Holdings Ltd., USD Term Loan F, 3.649%, 06/30/23(b)(c)(f) | 33,273,621 | 33,406,050 | ||||||
WideOpenWest Finance LLC, 2016 Term Loan B, 4.500%, | 33,155,000 | 32,996,187 | ||||||
Ziggo Financing Partnership, USD Term Loan B1, 3.652%, | 38,779,625 | 38,738,131 | ||||||
Ziggo Financing Partnership, USD Term Loan B2A, 3.652%, | 22,982,172 | 22,957,581 | ||||||
Ziggo Financing Partnership, USD Term Loan B3, 3.701%, | 7,141,198 | 7,133,557 | ||||||
|
| |||||||
272,530,260 | ||||||||
|
|
Shares, Contract | Value($) | |||||||
Chemicals 5.1% |
| |||||||
Albaugh LLC, Term Loan B, 6.000%, 05/31/21(b)(c) | 4,167,595 | 4,159,802 | ||||||
Amplify Snack Brands, Inc., Term Loan, 6.500%, 08/24/23(b)(c) | 7,400,000 | 7,326,000 | ||||||
Axalta Coating Systems U.S. Holdings, Inc., USD Term Loan, 3.750%, 02/01/20(b)(c) | 9,625,537 | 9,690,028 | ||||||
Chemours Co. (The), Term Loan B, 3.750%, 05/12/22(b)(c) | 12,305,880 | 12,175,191 | ||||||
Emerald Performance Materials LLC, New 1st Lien Term Loan, 4.500%, 08/01/21(b)(c) | 817,874 | 822,479 | ||||||
Emerald Performance Materials LLC, New 2nd Lien Term Loan, 7.750%, 08/01/22(b)(c)(d) | 5,174,200 | 5,161,264 | ||||||
Gemini HDPE LLC, Term Loan B, 4.750%, 08/07/21(b)(c) | 16,094,616 | 16,215,326 | ||||||
Huntsman International LLC, 2016 Term Loan B, 4.250%, | 9,010,573 | 9,061,302 | ||||||
INEOS Styrolution Group GmbH, 2016 USD Term Loan B, | 10,800,000 | 10,901,304 | ||||||
Ineos U.S. Finance LLC, USD 6 Year Term Loan, 3.750%, | 5,448,054 | 5,459,386 | ||||||
Ineos U.S. Finance LLC, US 2020 Term Loan, 3.750%, | 62,595,672 | 62,705,214 | ||||||
Ineos U.S. Finance LLC, 2015 USD Term Loan, 4.250%, | 4,956,692 | 4,974,586 | ||||||
Kraton Polymers LLC, Term Loan B, 6.000%, 01/06/22(b)(c) | 16,325,000 | 16,447,437 | ||||||
MacDermid, Inc., USD 1st Lien Term Loan, 5.500%, 06/07/20(b)(c) | 12,816,742 | 12,832,763 | ||||||
MacDermid, Inc., USD Term Loan B3, 5.500%, 06/07/20(b)(c) | 8,747,273 | 8,780,076 |
See Notes to Financial Statements.
14
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Chemicals—continued |
| |||||||
Minerals Technologies, Inc., 2015 Term Loan B1, 3.750%, | 8,779,510 | 8,823,407 | ||||||
Minerals Technologies, Inc., Fixed Rate Term Loan, 4.750%, 05/09/21(b)(c)(d) | 10,643,083 | 10,722,906 | ||||||
Olin Corp., Term Loan, 2.268%, 06/23/20(b)(c) | 23,178,974 | 23,150,001 | ||||||
PQ Corp., USD Term Loan, 5.750%, 11/04/22(b)(c) | 1,670,813 | 1,682,308 | ||||||
Univar Inc., 2015 Term Loan, 4.250%, 07/01/22(b)(c) | 4,396,772 | 4,402,268 | ||||||
|
| |||||||
235,493,048 | ||||||||
|
| |||||||
Consumer Durables 0.1% |
| |||||||
GP Investments Acquisition Corp., Term Loan, 06/06/23(c)(d)(e) | 2,500,000 | 2,431,250 | ||||||
|
| |||||||
Consumer Non-Durables 0.8% |
| |||||||
Coty, Inc., USD Term Loan B, 3.750%, 10/27/22(b)(c) | 787,708 | 795,585 | ||||||
Eastman Kodak Co., Exit Term Loan, 7.250%, 09/03/19(b)(c) | 8,804,692 | 8,749,662 | ||||||
Galleria Co., USD Term Loan B, 3.750%, 01/26/23(b)(c) | 8,128,333 | 8,151,174 | ||||||
NBTY, Inc., USD Term Loan B, 5.000%, 05/05/23(b)(c) | 4,179,525 | 4,195,742 | ||||||
Party City Holdings, Inc., 2015 Term Loan B, 4.250%-4.490%, | 4,108,669 | 4,120,420 | ||||||
Varsity Brands, Inc., 1st Lien Term Loan, 5.000%, 12/11/21(b)(c) | 8,825,176 | 8,856,417 | ||||||
|
| |||||||
34,869,000 | ||||||||
|
| |||||||
Diversified Media 7.5% |
| |||||||
Affinion Group, Inc., Term Loan B, 6.750%, 04/30/18(b)(c) | 5,326,031 | 5,163,587 | ||||||
ALM Media Holdings, Inc., 1st Lien Term Loan, 5.500%, | 5,077,750 | 4,950,806 | ||||||
AP NMT Acquisition BV, USD 1st Lien Term Loan, 6.750%, | 10,426,880 | 9,222,575 |
Shares, Contract | Value($) | |||||||
Diversified Media—continued |
| |||||||
Cengage Learning Acquisitions, Inc., 2016 Term Loan B, 5.250%, 06/07/23(b)(c) | 4,882,763 | 4,876,659 | ||||||
Deluxe Entertainment Services Group, Inc., Term Loan 2014, 6.500%, 02/28/20(b)(c) | 14,936,653 | 14,712,603 | ||||||
Donnelley Financial Solutions, Inc., Term Loan B, 09/23/23(c)(d)(e) | 4,565,000 | 4,576,413 | ||||||
Emerald Expositions Holding, Inc., Term Loan B, 4.750%, | 5,611,898 | 5,624,188 | ||||||
Harland Clarke Holdings Corp., Term Loan B4, 6.993%, 08/04/19(b)(c) | 37,375,827 | 36,659,333 | ||||||
Harland Clarke Holdings Corp., Term Loan B3, 7.000%, | 58,060,950 | 57,286,998 | ||||||
Harland Clarke Holdings Corp., Term Loan B5, 7.000%, | 25,636,596 | 25,117,455 | ||||||
Learfield Communications, Inc., New 1st Lien Term Loan, 4.250%, 10/09/20(b)(c) | 4,053,304 | 4,051,601 | ||||||
Lions Gate Entertainment Corp., Bridge Unsecured Funded, 06/27/17(c)(d)(e) | 12,151,119 | 12,151,119 | ||||||
Lions Gate Entertainment Corp., Bridge Unsecured Term Loan, 06/27/17(c)(d)(e) | 42,123,881 | 42,123,881 | ||||||
Lions Gate Entertainment Corp., 2015 2nd Lien Term Loan, 5.000%, 03/17/22(b)(c) | 12,820,000 | 13,044,350 | ||||||
Live Nation Entertainment, Inc., 2020 Term Loan B1, 3.590%, | 7,884,786 | 7,902,054 | ||||||
McGraw-Hill Global Education Holdings LLC, 2016 Term Loan B, 5.000%, 05/04/22(b)(c) | 9,181,988 | 9,230,193 | ||||||
Merrill Communications LLC, 2015 Term Loan, 6.250%, | 8,665,975 | 8,059,357 |
See Notes to Financial Statements.
15
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Diversified Media—continued |
| |||||||
Nielsen Finance LLC, USD Term Loan B3, 09/23/23(c)(d)(e) | 9,875,000 | 9,916,672 | ||||||
Quad/Graphics, Inc., 2014 Term Loan, 4.250%, 04/28/21(b)(c) | 2,054,745 | 2,047,040 | ||||||
Quincy Newspapers, Inc., Term Loan B, 5.500%-7.000%, 10/13/22(b)(c) | 5,967,494 | 5,989,872 | ||||||
Rovi Solutions Corp., New Term Loan B, 3.750%, 07/02/21(b)(c) | 9,334,315 | 9,334,315 | ||||||
UFC Holdings LLC, 1st Lien Term Loan, 5.000%, 08/18/23(b)(c) | 5,015,000 | 5,055,772 | ||||||
UFC Holdings LLC, 2nd Lien Term Loan, 8.500%, 08/18/24(b)(c) | 2,085,000 | 2,111,063 | ||||||
William Morris Endeavor Entertainment LLC, 1st Lien Term Loan, 5.250%, 05/06/21(b)(c)(f) | 39,401,890 | 39,510,245 | ||||||
William Morris Endeavor Entertainment LLC, 2nd Lien Term Loan, 8.250%, 05/06/22(b)(c) | 11,405,000 | 11,383,673 | ||||||
|
| |||||||
350,101,824 | ||||||||
|
| |||||||
Energy 4.7% |
| |||||||
Alon USA Energy, Inc., Master Limited Partnership Term Loan, 9.250%, 11/26/18(b)(c) | 17,698,821 | 17,610,327 | ||||||
Azure Midstream Energy LLC, Term Loan B, 7.500%, 11/15/18(b)(c) | 6,195,847 | 5,111,574 | ||||||
Chesapeake Energy Corp., Term Loan, 8.500%, 08/23/21(b)(c) | 11,830,000 | 12,410,380 | ||||||
Chief Exploration & Development LLC, 2nd Lien Term Loan, 7.753%, 05/16/21(b)(c) | 3,210,000 | 2,985,300 | ||||||
CITGO Holding, Inc., 2015 Term Loan B, 9.500%, 05/12/18(b)(c)(f) | 36,181,728 | 36,577,556 | ||||||
EMG Utica LLC, Term Loan, 4.750%, 03/27/20(b)(c) | 17,717,263 | 17,340,771 |
Shares, Contract | Value($) | |||||||
Energy—continued |
| |||||||
Energy Transfer Equity, L.P., New Term Loan, 3.292%, | 63,572,288 | 63,016,030 | ||||||
EP Energy LLC, 2016 Term Loan, 9.750%, 06/30/21(b)(c) | 690,426 | 677,480 | ||||||
FTS International, Inc., New Term Loan B, 5.750%, 04/16/21(b)(g) | 15,936,000 | 6,262,848 | ||||||
HGIM Corp., Term Loan A, 5.250%, 06/18/18(b)(c)(d) | 4,159,514 | 3,192,427 | ||||||
HGIM Corp., Term Loan B, 5.500%, 06/18/20(b)(c) | 6,937,322 | 4,335,827 | ||||||
KCA Deutag U.S. Finance LLC, Term Loan, 6.250%, | 6,128,434 | 5,127,477 | ||||||
MEG Energy Corp., Refi Term Loan, 03/31/20(c)(d)(e) | 3,165,164 | 2,946,230 | ||||||
Osum Productions Corp., Term Loan, 6.500%, 07/28/20(b)(c) | 1,295,987 | 777,592 | ||||||
Philadelphia Energy Solutions LLC, Term Loan B, 6.250%, | 14,640,562 | 12,590,883 | ||||||
Pinnacle Holdco S.A.R.L., Term Loan, 4.750%, 07/30/19(b)(c) | 3,252,589 | 2,537,019 | ||||||
Sheridan Investment Partners II L.P., Term Loan B, 4.340%-6.000%, 12/16/20(b)(g) | 3,267,624 | 2,172,970 | ||||||
Sheridan Investment Partners II L.P., Term Loan A, 4.340%-6.000%, 12/16/20(b)(g) | 454,550 | 302,276 | ||||||
Sheridan Investment Partners II L.P., Term Loan M, 4.340%-7.000%, 12/16/20(b)(g) | 169,522 | 112,732 | ||||||
Stonewall Gas Gathering LLC, Term Loan B, 8.750%, 01/28/22(b)(c) | 5,731,723 | 5,832,028 | ||||||
Western Refining, Inc., Term Loan B, 5.250%, 11/12/20(b)(c) | 9,961,103 | 9,930,025 |
See Notes to Financial Statements.
16
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Energy—continued |
| |||||||
Western Refining, Inc., Term Loan B2, 5.500%, 06/23/23(b)(c) | 8,972,513 | 8,950,081 | ||||||
|
| |||||||
220,799,833 | ||||||||
|
| |||||||
Financial 1.1% |
| |||||||
Aretec Group, Inc., 2nd Lien Term Loan, 2.000%-4.500%, | 11,232,127 | 8,704,899 | ||||||
Aretec Group, Inc., Exit Term Loan, 8.000%, 05/25/23(b)(c) | 1,581,038 | 1,581,038 | ||||||
Grosvenor Capital Management Holdings LLP, 2016 Term Loan B, 4.000%, 08/16/23(b)(c) | 6,387,501 | 6,334,293 | ||||||
Istar Financial, Inc., 2016 Term Loan B, 5.500%, 07/01/20(b)(c) | 17,894,129 | 18,061,976 | ||||||
Russell Investment Group, Term Loan B, 06/01/23(c)(d)(e) | 2,044,875 | 2,026,982 | ||||||
Victory Capital Management, Inc., Term Loan B, 8.500%, | 6,218,322 | 6,109,501 | ||||||
Walter Investment Management Corp., 2013 Term Loan, 4.750%, 12/19/20(b)(c) | 11,146,861 | 10,179,425 | ||||||
|
| |||||||
52,998,114 | ||||||||
|
| |||||||
Food and Drug 0.6% |
| |||||||
Albertsons LLC, 2016 Term Loan B4, 4.500%, 08/25/21(b)(c) | 8,040,498 | 8,098,953 | ||||||
Albertsons LLC, 2016 Term Loan B5, 4.750%, 12/21/22(b)(c) | 1,293,508 | 1,305,641 | ||||||
Albertsons LLC, 2016 Term Loan B6, 4.750%, 06/22/23(b)(c) | 18,479,267 | 18,655,744 | ||||||
|
| |||||||
28,060,338 | ||||||||
|
| |||||||
Food/Tobacco 1.2% |
| |||||||
1011778 B.C. Unlimited Liability Company, Term Loan B2, 3.750%, 12/10/21(b)(c) | 26,182,119 | 26,353,873 |
Shares, Contract | Value($) | |||||||
Food/Tobacco—continued |
| |||||||
ASP MSG Acquisition Co., Inc., Term Loan B, 6.000%, | 8,350,000 | 8,376,135 | ||||||
Chobani LLC, 1st Lien Term Loan, 09/30/23(c)(d)(e) | 1,250,000 | 1,250,000 | ||||||
JBS USA LLC, Incremental Term Loan, 3.750%, 09/18/20(b)(c) | 4,875,369 | 4,875,369 | ||||||
JBS USA LLC, 2015 Term Loan B, 4.000%, 10/30/22(b)(c) | 6,545,538 | 6,537,356 | ||||||
Landry’s, Inc., 2016 Term Loan B, 09/13/23(c)(d)(e) | 3,315,000 | 3,330,183 | ||||||
Landry’s, Inc., Term Loan B, 4.000%, 04/24/18(b)(c) | 4,891,812 | 4,910,156 | ||||||
|
| |||||||
55,633,072 | ||||||||
|
| |||||||
Forest Prod/Containers 1.4% |
| |||||||
Ardagh Holdings USA, Inc., Incremental Term Loan, 4.000%, 12/17/19(b)(c) | 6,804,327 | 6,831,952 | ||||||
Berry Plastics Holding Corp., Term Loan D, 3.500%, 02/08/20(b)(c)(f) | 17,258,871 | 17,269,744 | ||||||
Berry Plastics Holding Corp., Term Loan H, 3.750%, 10/01/22(b)(c) | 3,684,102 | 3,694,344 | ||||||
Caraustar Industries, Inc., Term Loan B, 8.000%, 05/01/19(b)(c) | 9,155,289 | 9,242,996 | ||||||
Mauser U.S. Corporate LLC, USD 1st Lien Term Loan, 4.500%, 07/31/21(b)(c) | 2,992,366 | 2,984,885 | ||||||
Mauser U.S. Corporate LLC, USD 2nd Lien Term Loan, 8.750%, 07/31/22(b)(c) | 3,610,000 | 3,551,338 | ||||||
Owens-Illinois Inc., Term Loan B, 3.500%, 09/01/22(b)(c) | 3,490,813 | 3,512,630 | ||||||
Reynolds Group Holdings, Inc., 2016 USD Term Loan, 02/05/23(c)(d)(e) | 5,950,000 | 5,966,720 | ||||||
SIG Combibloc U.S. Acquisition Inc., USD Term Loan, 03/13/22(c)(d)(e) | 2,373,640 | 2,375,942 | ||||||
Signode Industrial Group U.S., Inc., USD Term Loan B, 3.750%, 05/01/21(b)(c) | 11,672,046 | 11,635,629 | ||||||
|
| |||||||
67,066,180 | ||||||||
|
|
See Notes to Financial Statements.
17
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Gaming/Leisure 8.6% |
| |||||||
Amaya Holdings B.V., USD 1st Lien Term Loan, 5.000%, | 15,157,216 | 15,138,270 | ||||||
Belmond Interfin Ltd., USD Term Loan B, 4.000%, 03/21/21(b)(c) | 9,642,750 | 9,582,483 | ||||||
Boyd Gaming Corp., Term Loan B, 3.445%, 08/14/20(b)(c) | 2,065,656 | 2,076,624 | ||||||
Boyd Gaming Corp., Term Loan B2, 3.845%, 09/15/23(b)(c) | 4,365,000 | 4,395,555 | ||||||
Caesars Entertainment Operating Co., Extended Term Loan B6, 03/01/17(c)(e) | 48,412,244 | 52,890,376 | ||||||
Caesars Entertainment Operating Co., Term Loan B7 (Non RSA), 03/01/17(c)(e) | 502,112 | 499,647 | ||||||
Caesars Entertainment Resort Properties LLC, Term Loan B, 7.000%, 10/11/20(b)(c) | 45,707,720 | 45,565,112 | ||||||
Diamond Resorts Corp., 2016 Term Loan B, 7.000%, 08/11/23(b)(c) | 26,855,000 | 26,704,075 | ||||||
ESH Hospitality, Inc., 2016 Term Loan B, 3.750%, 08/30/23(b)(c) | 14,690,000 | 14,787,101 | ||||||
Four Seasons Holdings, Inc., New 1st Lien Term Loan, 5.250%, 06/27/20(b)(c) | 14,931,698 | 15,006,357 | ||||||
Four Seasons Holdings, Inc., 2nd Lien Term Loan, 7.750%, | 9,646,600 | 9,658,658 | ||||||
Global Cash Access LLC, New Term Loan B, 6.250%, 12/18/20(b)(c) | 8,300,709 | 7,958,305 | ||||||
GLP Financing LLC, Incremental Term Loan A, 2.273%, | 31,038,760 | 29,603,217 | ||||||
Hilton Worldwide Finance LLC, Term Loan B2, 3.025%-3.215%, 10/25/23(b)(c) | 79,257,134 | 79,719,203 | ||||||
Hilton Worldwide Finance LLC, Term Loan B1, 3.500%, 10/26/20(b)(c)(f) | 7,753,022 | 7,791,787 |
Shares, Contract | Value($) | |||||||
Gaming/Leisure—continued |
| |||||||
La Quinta Intermediate Holdings LLC, Term Loan B, 3.750%, 04/14/21(b)(c) | 15,030,430 | 15,002,323 | ||||||
LTF Merger Sub, Inc., Term Loan B, 4.250%, 06/10/22(b)(c) | 1,455,618 | 1,455,880 | ||||||
MGM Growth Prop. Operating Partnership LP, 2016 Term Loan B, 4.000%, 04/25/23(b)(c) | 13,076,095 | 13,186,458 | ||||||
MGM Resorts International, 2016 Term Loan A, 3.274%, | 8,213,333 | 8,162,000 | ||||||
Mohegan Tribal Gaming Authority, 2016 Term Loan B, | 9,230,000 | 9,172,312 | ||||||
Mohegan Tribal Gaming Authority, New Term Loan B, 5.500%, 06/15/18(b)(c) | 10,545,337 | 10,534,791 | ||||||
Playa Resorts Holding B.V., Term Loan B, 4.000%, 08/09/19(b)(c) | 6,028,550 | 6,021,014 | ||||||
Scientific Games International, Inc., 2014 Term Loan B1, 6.000%, 10/18/20(b)(c) | 10,471,094 | 10,500,518 | ||||||
Station Casinos LLC, 2016 Term Loan B, 3.750%, 06/08/23(b)(c) | 2,473,800 | 2,489,261 | ||||||
Wynn America LLC, Delayed Draw Term Loan, 2.280%, | 4,235,000 | 4,129,125 | ||||||
|
| |||||||
402,030,452 | ||||||||
|
| |||||||
Healthcare 8.1% |
| |||||||
Albany Molecular Research, Inc., Term Loan B, 5.750%, | 5,007,355 | 5,019,874 | ||||||
Alere, Inc., 2015 Term Loan A, 3.520%-5.75%, 06/18/20(b)(c) | 6,255,501 | 6,174,680 | ||||||
Alere, Inc., 2015 Term Loan B, 4.250%, 06/18/22(b)(c) | 2,044,823 | 2,027,504 | ||||||
Ardent Legacy Acquisitions, Inc., 2015 Term Loan B, 6.500%, 08/04/21(b)(c) | 4,341,150 | 4,297,738 |
See Notes to Financial Statements.
18
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Healthcare—continued |
| |||||||
CDRH Parent, Inc., New 1st Lien Term Loan, 5.250%, | 1,243,592 | 1,007,310 | ||||||
Community Health Systems, Inc., New Term Loan A, 3.024%-3.333%, 01/22/19(b)(c) | 7,750,000 | 7,672,500 | ||||||
Community Health Systems, Inc., Term Loan H, 3.445%-4.000%, 01/27/21(b)(c) | 13,775,217 | 13,513,488 | ||||||
Community Health Systems, Inc., Term Loan G, 3.750%, | 31,475,566 | 30,868,402 | ||||||
Community Health Systems, Inc., Term Loan F, 4.083%, | 25,631,930 | 25,478,138 | ||||||
Concordia International Corp., 2015 Term Loan, 5.250%, | 8,365,442 | 7,454,529 | ||||||
Convatec, Inc., USD Term Loan, 4.250%, 06/15/20(b)(c) | 7,381,257 | 7,412,037 | ||||||
Emdeon Business Services LLC, Term Loan B2, 3.750%, | 6,051,611 | 6,059,176 | ||||||
Endo Luxembourg Finance Co. I S.A.R.L., 2015 Term Loan B, 3.750%, 09/26/22(b)(c) | 18,611,694 | 18,559,954 | ||||||
Explorer Holdings, Inc., 2016 Term Loan B, 6.000%, 05/02/23(b)(c) | 4,174,538 | 4,201,922 | ||||||
Greatbatch Ltd., Term Loan B, 5.250%, 10/27/22(b)(c)(d) | 12,505,382 | 12,325,680 | ||||||
Grifols Worldwide Operations USA, Inc., USD Term Loan B, 3.448%, 02/27/21(b)(c) | 16,205,760 | 16,343,509 | ||||||
Halyard Health, Inc., Term Loan B, 4.000%, 11/01/21(b)(c) | 5,592,358 | 5,587,101 | ||||||
HCA, Inc., Term Loan B7, 3.588%, 02/15/24(b)(c) | 26,572,222 | 26,804,729 |
Shares, Contract | Value($) | |||||||
Healthcare—continued |
| |||||||
Iasis Healthcare LLC, Term Loan B2, 4.500%, 05/03/18(b)(c) | 11,300,648 | 11,165,040 | ||||||
IMS Health Incorporated, New USD Term Loan, 3.500%, | 5,896,693 | 5,909,312 | ||||||
Indivior Finance S.A.R.L., USD Term Loan B, 7.000%, 12/19/19(b)(c) | 15,380,038 | 15,341,588 | ||||||
inVentiv Health, Inc., 2016 Term Loan B, 09/28/23(c)(d)(e) | 4,115,000 | 4,123,559 | ||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(b)(c) | 11,200,000 | 11,211,648 | ||||||
Kindred Healthcare, Inc., New Term Loan, 4.250%, 04/09/21(b)(c) | 6,181,370 | 6,173,644 | ||||||
Kinetic Concepts, Inc., USD Term Loan F1, 5.000%, 11/04/20(b)(c) | 4,774,643 | 4,809,259 | ||||||
Lannett Co., Inc., Term Loan A, 5.750%, 11/25/20(b)(c)(d) | 16,537,107 | 16,165,022 | ||||||
Lannett Co., Inc., Term Loan B, 6.375%, 11/25/22(b)(c) | 1,944,875 | 1,920,564 | ||||||
MPH Acquisition Holdings LLC, 2016 Term Loan B, 5.000%, | 16,006,801 | 16,199,363 | ||||||
Prospect Medical Holdings, Inc., Term Loan, 7.000%, | 2,428,913 | 2,407,660 | ||||||
Quorum Health Corp., Term Loan B, 6.750%, 04/29/22(b)(c) | 12,925,050 | 12,518,816 | ||||||
RPI Finance Trust, Term Loan B4, 3.588%, 11/09/20(b)(c) | 12,989,087 | 13,030,782 | ||||||
Valeant Pharmaceuticals International, Inc., Series A4 Tranche A, 04/01/20(c)(d)(e) | 3,666,176 | 3,647,076 | ||||||
Valeant Pharmaceuticals International, Inc., Series A3 Tranche A, 4.280%, | 24,288,629 | 24,270,413 |
See Notes to Financial Statements.
19
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Healthcare—continued |
| |||||||
Valeant Pharmaceuticals International, Inc., Series D2 Term Loan B, 5.000%, 02/13/19(b)(c) | 3,833,408 | 3,835,210 | ||||||
Valeant Pharmaceuticals International, Inc., Series C2 Term Loan B, 5.250%, 12/11/19(b)(c) | 2,687,887 | 2,689,338 | ||||||
Valeant Pharmaceuticals International, Inc., Series E Term Loan B, 5.250%, 08/05/20(b)(c) | 22,034,610 | 22,068,984 | ||||||
|
| |||||||
378,295,549 | ||||||||
|
| |||||||
Housing 2.6% |
| |||||||
American Builders & Contractors Supply Co., Term Loan B, 09/23/23(c)(d)(e) | 12,865,000 | 12,900,379 | ||||||
Beazer Homes USA, Inc., Term Loan, 6.750%, 03/11/18(b)(c) | 1,785,536 | 1,767,680 | ||||||
Capital Automotive LP, New Term Loan B, 4.000%, 04/10/19(b)(c)(f) | 25,034,622 | 25,214,621 | ||||||
Capital Automotive LP, New 2nd Lien Term Loan, 6.000%, | 19,425,000 | 19,526,981 | ||||||
DTZ U.S. Borrower LLC, 2015 1st Lien Term Loan, 4.250%, | 43,078,769 | 43,092,123 | ||||||
DTZ U.S. Borrower LLC, 2nd Lien Term Loan, 9.250%, | 2,530,000 | 2,542,650 | ||||||
HD Supply, Inc., Incremental Term Loan B, 09/14/23(c)(d)(e) | 1,665,000 | 1,667,081 | ||||||
IMC OP, LP, 2nd Lien Term Loan, 8.750%, 08/15/21(b)(c) | 1,000,000 | 1,005,000 | ||||||
Quikrete Holdings, Inc., 1st Lien Term Loan, 4.000%, | 4,715,492 | 4,744,963 | ||||||
Realogy Corp., 2016 Term Loan B, 3.750%, 07/20/22(b)(c) | 8,443,838 | 8,538,831 | ||||||
|
| |||||||
121,000,309 | ||||||||
|
|
Shares, Contract | Value($) | |||||||
Information Technology 9.3% |
| |||||||
Abacus Innovations Corp., Term Loan B, 3.274%, 08/16/23(b)(c) | 6,345,000 | 6,376,725 | ||||||
Active Network, Inc. (The), 1st Lien Term Loan, 5.500%, | 4,408,349 | 4,375,286 | ||||||
Aricent Technologies, 1st Lien Term Loan, 5.500%, 04/14/21(b)(c) | 3,067,335 | 2,766,368 | ||||||
Arris Group, Inc., 2015 Term Loan A, 2.274%, 06/18/20(b)(c) | 3,341,346 | 3,174,279 | ||||||
Arris Group, Inc., 2015 Term Loan B, 3.500%, 04/17/20(b)(c) | 11,595,008 | 11,562,426 | ||||||
Avago Technologies Cayman Ltd., USD Term Loan B3, 3.524%, 02/01/23(b)(c) | 59,546,289 | 60,224,521 | ||||||
Avast Software B.V., USD Term Loan B, 07/19/22(c)(d)(e) | 4,940,000 | 4,961,637 | ||||||
Avaya, Inc., Term Loan B7, 6.250%, 05/29/20(b)(c) | 58,631,466 | 43,192,042 | ||||||
Avaya, Inc., Term Loan B6, 6.500%, 03/30/18(b)(c) | 9,557,913 | 7,228,171 | ||||||
Blackboard, Inc., Term Loan B4, 06/30/21(c)(d)(e) | 10,936,263 | 10,854,241 | ||||||
Blackboard, Inc., Term Loan B3, 4.750%, 10/04/18(b)(c) | 10,146,493 | 10,108,444 | ||||||
Camelot UK Holdco Ltd., Term Loan B, 09/07/23(c)(d)(e) | 9,960,000 | 9,967,470 | ||||||
Cavium, Inc., Term Loan B, 3.750%, 08/16/22(b)(c) | 6,610,000 | 6,676,100 | ||||||
Cinedigm Digital Funding I LLC, Term Loan, 3.750%, | 226,361 | 225,229 | ||||||
CompuCom Systems, Inc., Refinance Term Loan B, 4.250%, 05/09/20(b)(c) | 6,566,522 | 4,651,264 | ||||||
Cypress Semiconductor Corp., 2016 Term Loan B, 6.500%, | 6,605,000 | 6,679,306 | ||||||
Dell Software Group, Term Loan B, 09/23/22(c)(d)(e) | 2,485,000 | 2,463,256 | ||||||
Dell, Inc., Term Loan A3, | 20,760,000 | 20,660,560 |
See Notes to Financial Statements.
20
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Information Technology—continued |
| |||||||
Dell, Inc., Term Loan A2, | 25,980,000 | 25,448,189 | ||||||
Dell, Inc., 2016 Term Loan B, 4.000%, 09/07/23(b)(c) | 42,395,000 | 42,633,684 | ||||||
Epicor Software Corp., 2016 Term Loan, 5.000%, 06/01/22(b)(c) | 6,910,000 | 6,832,263 | ||||||
Imagine! Print Solutions, Inc., Term Loan B, 7.000%, 03/30/22(b)(c) | 3,744,267 | 3,777,030 | ||||||
Inovalon Holdings, Inc., Term Loan, 09/19/19(c)(d)(e) | 16,377,534 | 15,804,321 | ||||||
Internap Corp., Term Loan, 7.000%, 11/26/19(b)(c) | 9,543,191 | 9,018,315 | ||||||
iParadigms Holdings LLC, 1st Lien Term Loan, 5.000%, | 3,180,100 | 3,107,212 | ||||||
IPC Corp., 2015 Term Loan B, 5.500%, 08/06/21(b)(c) | 5,195,875 | 4,858,143 | ||||||
M/A-COM Technology Solutions Holdings, Inc., Term Loan, 4.500%, 05/07/21(b)(c) | 1,810,370 | 1,825,088 | ||||||
NXP B.V., Term Loan F, 3.405%, 12/07/20(b)(c) | 1,952,508 | 1,959,342 | ||||||
ON Semiconductor Corp., Term Loan B, 5.250%, 03/31/23(b)(c)(d) | 4,435,000 | 4,372,728 | ||||||
Presidio, Inc., Refinance Term Loan, 5.250%, 02/02/22(b)(c) | 13,522,898 | 13,498,692 | ||||||
Semiconductor Components Industries LLC, Term Loan A, 2.396%, 01/02/18(b)(c) | 22,301,044 | 22,217,415 | ||||||
Sirius Computer Solutions, Inc., 1st Lien Term Loan, 6.000%, | 4,612,584 | 4,639,476 | ||||||
SolarWinds, Inc., 2016 USD Term Loan, 5.500%, 02/03/23(b)(c) | 2,992,500 | 3,019,433 | ||||||
Solera LLC, USD Term Loan B, 5.750%, 03/03/23(b)(c) | 7,251,779 | 7,322,774 | ||||||
Southern Graphics, Inc., New Term Loan B, 4.250%, 10/17/19(b)(c) | 6,646,545 | 6,650,733 |
Shares, Contract | Value($) | |||||||
Information Technology—continued |
| |||||||
SS&C Technologies, Inc., 2015 Term Loan B1, 4.000%-4.002%, 07/08/22(b)(c) | 3,322,453 | 3,345,311 | ||||||
SS&C Technologies, Inc., 2015 Term Loan B2, 4.000%-4.002%, 07/08/22(b)(c) | 412,882 | 415,723 | ||||||
TTM Technologies, Inc., 1st Lien Term Loan, 5.250%, | 10,642,752 | 10,695,966 | ||||||
Versum Materials, Inc., Term Loan, 09/20/23(c)(d)(e) | 1,660,000 | 1,666,922 | ||||||
Vertafore, Inc., 2016 1st Lien Term Loan, 4.750%, 06/30/23(b)(c) | 13,825,000 | 13,866,060 | ||||||
Western Digital Corp., USD 2016 Term Loan B1, 4.500%, | 10,094,700 | 10,189,388 | ||||||
|
| |||||||
433,311,533 | ||||||||
|
| |||||||
Manufacturing 1.5% |
| |||||||
Diebold, Inc., USD Term Loan, 5.250%, 11/06/23(b)(c) | 6,975,000 | 7,038,961 | ||||||
Dynacast International LLC, Term Loan B, 4.500%, 01/28/22(b)(c) | 7,487,293 | 7,506,012 | ||||||
Gates Global, Inc., Term Loan B, 4.250%, 07/06/21(b)(c)(d) | 7,146,502 | 7,032,801 | ||||||
Keurig Green Mountain, Inc., USD Term Loan A, 2.313%, | 18,098,438 | 17,781,715 | ||||||
Keurig Green Mountain, Inc., USD Term Loan B, 5.250%, | 12,842,480 | 12,989,655 | ||||||
LTI Holdings, Inc., 2nd Lien Term Loan, 10.250%, 04/16/23(b)(c) | 1,545,000 | 1,375,050 | ||||||
Otter Products LLC, 2014 Term Loan, 5.750%, 06/03/20(b)(c) | 6,581,928 | 5,825,006 | ||||||
Vertiv Co., Term Loan B, | 8,255,000 | 8,069,262 | ||||||
|
| |||||||
67,618,462 | ||||||||
|
|
See Notes to Financial Statements.
21
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Metals/Minerals 3.1% |
| |||||||
Atkore International, Inc., 1st Lien Term Loan, 4.500%, | 11,766,194 | 11,785,843 | ||||||
Atkore International, Inc., 2nd Lien Term Loan, 7.750%, | 8,045,000 | 8,048,379 | ||||||
Atlas Iron Ltd., Capex Term Loan B, 3.000%-8.580%, 05/06/21(b)(g) | 4,434,864 | 1,995,689 | ||||||
Fairmont Minerals Ltd., Term Loan B1, 4.375%, 03/15/17(b)(c) | 567,641 | 546,355 | ||||||
Fairmount Santrol, Inc., 2016 Extended Term Loan B1, 4.500%, 07/15/18(b)(c)(d) | 7,500,819 | 7,088,274 | ||||||
FMG Resources (August 2006) Pty Ltd., New Term Loan B, 3.750%, 06/30/19(b)(c) | 71,247,655 | 71,150,046 | ||||||
Freeport McMoran Copper & Gold, Inc., Term Loan A, 3.280%, 05/31/18(b)(c) | 17,648,756 | 17,560,512 | ||||||
Freeport McMoran Copper & Gold, Inc., Extended Term Loan A, 3.280%, 02/28/20(b)(c) | 392,766 | 379,019 | ||||||
Global Brass & Copper, Inc., 2016 Term Loan B, 5.250%, | 3,745,000 | 3,773,088 | ||||||
Novelis, Inc., 2015 Term Loan B, 4.000%-4.088%, 06/02/22(b)(c) | 14,949,741 | 15,015,221 | ||||||
Zekelman Industries, Inc., Term Loan B, 6.000%, 06/14/21(b)(c) | 5,840,363 | 5,887,845 | ||||||
|
| |||||||
143,230,271 | ||||||||
|
| |||||||
Retail 6.3% |
| |||||||
Ascena Retail Group, Inc., 2015 Term Loan B, 5.250%, | 9,319,375 | 8,976,328 | ||||||
Belk, Inc., Term Loan, 5.750%, 12/12/22(b)(c) | 7,345,623 | 6,645,144 | ||||||
CWGS Group LLC, Term Loan, 5.750%, 02/20/20(b)(c)(d) | 16,301,483 | 16,311,753 | ||||||
Dollar Tree, Inc., Term Loan B3, 3.063%, 07/06/22(b)(c) | 7,094,266 | 7,138,605 |
Shares, Contract | Value($) | |||||||
Retail—continued |
| |||||||
Dollar Tree, Inc., Term Loan B2, 4.250%, 07/06/22(b)(c)(d) | 36,825,259 | 37,193,511 | ||||||
Harbor Freight Tools USA, Inc., 2016 Term Loan B, 4.000%, | 12,960,000 | 13,022,726 | ||||||
Hudson’s Bay Co., 2015 Term Loan B, 4.750%, 09/30/22(b)(c) | 15,919,355 | 15,949,283 | ||||||
J. Crew Group, Inc., Term Loan B, 4.000%, 03/05/21(b)(c) | 24,774,265 | 19,608,831 | ||||||
J.C. Penney Corp., Inc., 2016 Term Loan B, 5.250%, 06/23/23(b)(c)(f) | 39,670,500 | �� | 39,797,842 | |||||
Kate Spade & Co., Term Loan B, 4.000%, 04/10/21(b)(c) | 6,507,200 | 6,504,467 | ||||||
Leslie’s Poolmart, Inc., 2016 Term Loan, 5.250%, 08/16/23(b)(c)(d) | 3,800,000 | 3,822,154 | ||||||
Men’s Wearhouse, Inc. (The), Term Loan B, 4.500%, 06/18/21(b)(c)(d) | 5,408,045 | 5,350,612 | ||||||
Men’s Wearhouse, Inc. (The), 2015 Term Loan, 5.000%, | 8,058,050 | 7,856,599 | ||||||
Michaels Stores, Inc., 2016 Term Loan B1, 3.750%, | 1,435,000 | 1,440,381 | ||||||
PetSmart, Inc., Term Loan B1, 4.250%, 03/11/22(b)(c) | 7,434,623 | 7,443,173 | ||||||
Sears Holding Corp., Incremental Term Loan, 8.500%, | 7,290,000 | 7,299,113 | ||||||
Sears Roebuck Acceptance Corp., 2015 Term Loan, 5.500%, 06/30/18(b)(c) | 35,184,241 | 34,421,798 | ||||||
Toys ‘R’ Us Property Co. I LLC, New Term Loan B, 6.000%, | 33,064,710 | 31,122,158 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B3, 5.250%, 05/25/18(b)(c) | 1,113,066 | 1,042,943 | ||||||
Toys ‘R’ Us-Delaware, Inc., FILO Term Loan, 8.250%, | 3,404,464 | 3,344,886 |
See Notes to Financial Statements.
22
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Retail—continued |
| |||||||
Toys ‘R’ Us-Delaware, Inc., FILO CAD Term Loan, 8.250%, 10/24/19(b)(c) | 2,745,536 | 2,697,489 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B4, 9.750%, 04/24/20(b)(c) | 19,893,319 | 17,220,254 | ||||||
|
| |||||||
294,210,050 | ||||||||
|
| |||||||
Service 8.7% |
| |||||||
Aspen Merger Sub, Inc., 1st Lien Term Loan, 09/21/23(c)(d)(e) | 3,735,000 | 3,756,775 | ||||||
Aspen Merger Sub, Inc., 2nd Lien Term Loan, 09/21/24(c)(d)(e) | 1,000,000 | 990,000 | ||||||
Asurion LLC, New Term Loan B2, 4.338%, 07/08/20(b)(c)(f) | 37,542,375 | 37,542,375 | ||||||
Asurion LLC, Term Loan B4, 5.000%, 08/04/22(b)(c)(f) | 44,931,906 | 45,145,333 | ||||||
Asurion LLC, New 2nd Lien Term Loan, 8.500%, 03/03/21(b)(c) | 43,036,489 | 42,749,436 | ||||||
Avantor Performance Materials Holdings, Inc., 2016 1st Lien Term Loan, 06/21/22(c)(d)(e) | 1,326,018 | 1,327,676 | ||||||
Evertec Group LLC, New Term Loan A, 2.768%, 04/17/18(b)(c) | 14,320,971 | 14,130,072 | ||||||
First Data Corp., 2022 Term Loan, 4.275%, 07/08/22(b)(c)(f) | 47,820,547 | 48,071,605 | ||||||
First Data Corp., Extended 2021 Term Loan, 4.525%, | 43,565,463 | 43,867,807 | ||||||
GFL Environmental Inc., USD Term Loan B, 09/23/23(c)(d)(e) | 4,150,000 | 4,141,368 | ||||||
IQOR U.S., Inc., Term Loan B, 6.000%, 04/01/21(b)(g) | 28,722,867 | 24,701,665 | ||||||
Laureate Education, Inc., 2016 Term Loan, 8.157%, 03/17/21(b)(c) | 9,748,382 | 9,687,455 | ||||||
Lonestar Intermediate Super Holdings LLC, PIK Term Loan B, 10.000%, 08/31/21(b)(c) | 16,225,000 | 16,083,031 |
Shares, Contract | Value($) | |||||||
Service—continued |
| |||||||
LS Newco Pty Ltd., 2016 Term Loan B, 5.000%, 05/21/22(b)(c) | 2,040,000 | 2,055,300 | ||||||
Monitronics International Inc., Term Loan B2, 09/22/22(c)(d)(e) | 1,250,000 | 1,244,538 | ||||||
Prime Security Services Borrower LLC, 2016 Incremental Term Loan B1, 4.750%, 05/02/22(b)(c) | 6,568,538 | 6,628,049 | ||||||
Redtop Acquisitions Ltd., USD 2nd Lien Term Loan, 8.250%, | 5,226,000 | 5,147,610 | ||||||
RP Crown Parent LLC, 2016 Term Loan B, 09/22/23(c)(d)(e) | 2,905,000 | 2,905,726 | ||||||
Safway Group Holding LLC, Term Loan B, 5.750%, 08/19/23(b)(c) | 5,845,000 | 5,879,076 | ||||||
Sedgwick Claims Management Services, Inc., 1st Lien Term Loan, 3.750%, 03/01/21(b)(c) | 24,570,514 | 24,365,842 | ||||||
Sedgwick Claims Management Services, Inc., 2nd Lien Term Loan, 6.750%, 02/28/22(b)(c) | 9,490,000 | 9,371,375 | ||||||
Sedgwick Claims Management Services, Inc., Incremental 2nd Lien Term Loan, 6.750%, | 1,275,000 | 1,259,063 | ||||||
Spin Holdco, Inc., New Term Loan B, 4.250%, 11/14/19(b)(c) | 3,476,869 | 3,458,615 | ||||||
St. Georges University, 2016 Term Loan B, 6.250%, 06/02/22(b)(c) | 2,065,000 | 2,071,463 | ||||||
TransUnion LLC, Term Loan B2, 3.588%, 04/09/21(b)(c) | 6,511,649 | 6,527,928 | ||||||
Travelport Finance (Luxembourg) S.A.R.L., 2016 Term Loan B, 5.000%, 09/02/21(b)(c) | 21,933,136 | 22,023,281 | ||||||
U.S. Foods, Inc., 2016 Term Loan B, 4.000%, 06/27/23(b)(c) | 12,164,513 | 12,253,192 |
See Notes to Financial Statements.
23
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Service—continued |
| |||||||
Weight Watchers International, Inc., Term Loan B2, 4.000%, | 8,242,546 | 6,225,677 | ||||||
|
| |||||||
403,611,333 | ||||||||
|
| |||||||
Telecommunications 4.6% |
| |||||||
Alorica Inc., Term Loan B, 5.500%, 06/30/22(b)(c) | 1,665,825 | 1,682,483 | ||||||
Altice U.S. Finance I Corp., USD Extended Term Loan, 4.250%, 12/14/22(b)(c) | 23,510,952 | 23,657,895 | ||||||
Communications Sales & Leasing, Inc., Term Loan B, 5.000%, 10/24/22(b)(c) | 7,974,773 | 8,010,659 | ||||||
Consolidated Communications, Inc., 2016 Term Loan B, | 2,450,000 | 2,463,794 | ||||||
Coral-U.S. Co-Borrower LLC, Term Loan B1, 5.588%, 12/30/22(b)(c) | 3,718,000 | 3,746,480 | ||||||
Coral-U.S. Co-Borrower LLC, Term Loan B2, 5.830%, 12/30/22(b)(c) | 3,042,000 | 3,065,302 | ||||||
Frontier Communications Corp., Unsecured Term Loan, 5.875%, 10/14/16(b)(c) | 486,274 | 484,854 | ||||||
Level 3 Financing, Inc., 2015 Term Loan B2, 3.500%, 05/31/22(b)(c) | 1,000,000 | 1,005,000 | ||||||
Level 3 Financing, Inc., 2013 Term Loan B, 4.000%, 01/15/20(b)(c)(f) | 83,850,000 | 84,206,363 | ||||||
Ligado Networks LLC, 2015 2nd Lien Term Loan, 13.500%, | 9,689,659 | 6,249,830 | ||||||
LTS Buyer LLC, 1st Lien Term Loan, 4.088%, 04/13/20(b)(c) | 9,449,616 | 9,446,686 | ||||||
Numericable Group SA, USD Term Loan B5, 4.564%, | 9,854,025 | 9,918,667 | ||||||
Numericable U.S. LLC, USD Term Loan B6, 4.752%, 02/10/23(b)(c) | 3,770,000 | 3,794,731 |
Shares, Contract | Value($) | |||||||
Telecommunications—continued |
| |||||||
Numericable U.S. LLC, USD Term Loan B7, 5.002%, 01/15/24(b)(c) | 26,752,950 | 26,993,727 | ||||||
West Corp., 2016 Term Loan B14, 3.500%, 06/17/21(b)(c) | 1,685,775 | 1,690,512 | ||||||
West Corp., 2016 Term Loan B12, 3.750%, 06/17/23(b)(c) | 3,346,613 | 3,359,162 | ||||||
Zayo Group LLC, PIK, Term Loan B, 3.750%, 05/06/21(b)(c)(f) | 26,661,422 | 26,772,600 | ||||||
|
| |||||||
216,548,745 | ||||||||
|
| |||||||
Transportation 1.8% |
| |||||||
Allison Transmission, Inc., 2016 Term Loan B, 09/08/22(c)(d)(e) | 3,597,773 | 3,621,015 | ||||||
Commercial Barge Line Co., 2015 1st Lien Term Loan, 9.750%, 11/12/20(b)(c) | 8,511,750 | 8,235,118 | ||||||
CS Intermediate Holdco 2 LLC, New Term Loan B, 4.000%, | 6,925,588 | 6,951,558 | ||||||
Federal-Mogul Holdings Corp., New Term Loan B, 4.000%, | 9,485,156 | 9,375,033 | ||||||
Federal-Mogul Holdings Corp., New Term Loan C, 4.750%, | 15,224,561 | 14,688,961 | ||||||
MPG Holdco I Inc., 2015 Term Loan B, 3.750%, 10/20/21(b)(c) | 6,433,045 | 6,444,560 | ||||||
Navios Maritime Midstream Partners L.P., Term Loan B, 5.500%, 06/18/20(b)(g) | 2,676,125 | 2,595,841 | ||||||
Navios Partners Finance (U.S.), Inc., Term Loan B, 5.250%, | 14,959,242 | 13,475,734 | ||||||
Tower Automotive Holdings USA LLC, New Term Loan, 4.000%, 04/23/20(b)(c) | 8,536,269 | 8,514,929 | ||||||
Wabash National Corp., 2015 Term Loan B, 4.250%-5.750%, | 7,710,094 | 7,706,855 | ||||||
|
| |||||||
81,609,604 | ||||||||
|
|
See Notes to Financial Statements.
24
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Utility 4.7% |
| |||||||
APLP Holdings Ltd. Partnership, 2016 Term Loan B, 6.000%, 04/13/23(b)(c) | 4,725,429 | 4,764,792 | ||||||
Bronco Midstream Funding LLC, Term Loan B, 5.000%, | 21,492,549 | 19,988,071 | ||||||
Calpine Construction Finance Co., L.P., Original Term Loan B1, 3.090%, 05/03/20(b)(c) | 14,418,536 | 14,296,843 | ||||||
Calpine Corp., Term Loan B7, 3.840%, 05/31/23(b)(c) | 5,246,850 | 5,263,692 | ||||||
Dynegy Holdings, Inc., Term Loan B2, 4.000%, 04/23/20(b)(c) | 1,780,399 | 1,785,171 | ||||||
Dynegy, Inc., Escrow, 5.000%, 06/27/23(b)(c) | 14,155,000 | 14,257,624 | ||||||
EFS Cogen Holdings I LLC, 2016 Term Loan B, 5.250%, | 6,461,420 | 6,521,188 | ||||||
Empire Generating Co. LLC, Term Loan B, 5.250%, 03/14/21(b)(c) | 13,970,038 | 11,874,532 | ||||||
Empire Generating Co. LLC, Term Loan C, 5.250%, 03/14/21(b)(c) | 1,111,304 | 944,609 | ||||||
Lonestar Generation LLC, Term Loan B, 5.250%-5.474%, | 6,778,052 | 5,473,277 | ||||||
Longview Power LLC, Term Loan B, 7.000%, 04/13/21(b)(c) | 4,526,720 | 3,960,880 | ||||||
Middle River Power LLC, Term Loan B, 09/29/22(c)(d)(e) | 14,020,016 | 13,248,915 | ||||||
MRP Generation Holdings LLC, Term Loan B, 4.750%, | 22,181,122 | 22,042,489 | ||||||
NRG Energy, Inc., 2016 Term Loan B, 3.500%, 06/30/23(b)(c)(f) | 43,934,888 | 44,014,410 | ||||||
Power Team Services LLC, 1st Lien Term Loan, 4.250%, | 15,063,064 | 15,006,578 |
Shares, Contract | Value($) | |||||||
Utility—continued |
| |||||||
Power Team Services LLC, 2nd Lien Term Loan, 8.250%, | 7,890,000 | 7,850,550 | ||||||
Texas Competitive Electric Holdings Co. LLC, Non-Extended Term Loan, 4.998%, 10/10/17(b)(c)(h) | 10,000,000 | 2,848,200 | ||||||
Texas Competitive Electric Holdings Co. LLC, Extended Term Loan, 4.998%, 10/10/17(b)(c)(d)(h) | 14,860,287 | 4,275,007 | ||||||
Texas Competitive Electric Holdings Co. LLC, 2016 DIP Term Loan B, 5.000%, 10/31/17(b)(c) | 13,130,357 | 13,224,108 | ||||||
Texas Competitive Electric Holdings Co. LLC, 2016 DIP Term Loan C, 5.000%, 10/31/17(b)(c) | 2,994,643 | 3,016,025 | ||||||
TPF II Power LLC, Term Loan B, 5.000%, 10/02/21(b)(c) | 5,705,355 | 5,758,129 | ||||||
|
| |||||||
220,415,090 | ||||||||
|
| |||||||
Total Bank Loans | 4,382,774,551 | |||||||
|
| |||||||
Corporate Bonds 2.7% | ||||||||
Auto Manufacturers 0.0%(a) |
| |||||||
Motors Liquidation Co. Escrow, 7.200%(g)(h)(i)(j) | 10,000,000 | — | ||||||
Motors Liquidation Co. Escrow, 8.375%(g)(h)(i)(j) | 10,000,000 | — | ||||||
|
| |||||||
— | ||||||||
|
| |||||||
Biotechnology 0.1% |
| |||||||
Concordia International Corp., 9.500%, 10/21/22(c) | 2,390,000 | 1,655,075 | ||||||
|
| |||||||
Commercial Services 0.1% |
| |||||||
Laureate Education, Inc., 9.250%, 09/01/19(c) | 2,000,000 | 1,905,000 | ||||||
|
| |||||||
Computers 0.2% |
| |||||||
Harland Clarke Holdings Corp., 9.250%, 03/01/21(c) | 5,330,000 | 4,530,500 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(c) | 3,715,000 | 3,817,163 |
See Notes to Financial Statements.
25
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares, Contract | Value($) | |||||||
Computers—continued |
| |||||||
Western Digital Corp., 10.500%, 04/01/24(c) | 1,000,000 | 1,160,000 | ||||||
|
| |||||||
9,507,663 | ||||||||
|
| |||||||
Diversified Financial Services 0.0%(a) |
| |||||||
Walter Investment Management Corp., 7.875%, 12/15/21 | 2,000,000 | 1,330,000 | ||||||
|
| |||||||
Engineering & Construction 0.2% |
| |||||||
Engility Corp., 8.875%, 09/01/24(c) | 10,000,000 | 10,125,000 | ||||||
|
| |||||||
Healthcare-Services 0.1% |
| |||||||
CHS/Community Health Systems, Inc., 8.000%, 11/15/19 | 5,000,000 | 4,900,000 | ||||||
|
| |||||||
Home Builders 0.1% |
| |||||||
Mattamy Group Corp., 6.500%, 11/15/20(c) | 5,000,000 | 4,984,375 | ||||||
|
| |||||||
Media 0.5% |
| |||||||
Cequel Communications Holdings I LLC/Cequel Capital Corp., 7.750%, 07/15/25(c) | 10,000,000 | 10,800,000 | ||||||
WideOpenWest Finance LLC/WideOpenWest Capital Corp., 10.250%, 07/15/19 | 10,000,000 | 10,525,800 | ||||||
WideOpenWest Finance LLC/WideOpenWest Capital Corp., 13.375%, 10/15/19 | 2,768,000 | 2,947,920 | ||||||
|
| |||||||
24,273,720 | ||||||||
|
| |||||||
Oil & Gas 0.6% |
| |||||||
Glenn Pool Oil & Gas Trust, 6.000%, 08/02/21(g)(i) | 29,404,188 | 26,757,811 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, | 7,800,000 | 2,008,500 | ||||||
SandRidge Energy, Inc., 8.750%, 06/01/20(c)(h) | 745,000 | 268,200 | ||||||
|
| |||||||
29,034,511 | ||||||||
|
| |||||||
Pharmaceuticals 0.2% |
| |||||||
Valeant Pharmaceuticals International, Inc., 7.500%, 07/15/21(c) | 10,000,000 | 9,681,000 | ||||||
|
|
Shares, Contract | Value($) | |||||||
Real Estate Investment Trust 0.2% |
| |||||||
iStar, Inc., 5.000%, 07/01/19 | 5,000,000 | 4,986,900 | ||||||
iStar, Inc., 6.500%, 07/01/21 | 1,400,000 | 1,421,000 | ||||||
|
| |||||||
6,407,900 | ||||||||
|
| |||||||
Telecommunication Services 0.4% |
| |||||||
Digicel Group Ltd., 8.250%, | 5,000,000 | 4,343,750 | ||||||
Trilogy International Partners LLC/Trilogy International Finance, Inc., 13.375%, 05/15/19(g) | 12,245,000 | 12,229,694 | ||||||
West Corp., 4.750%, 07/15/21(c) | 3,000,000 | 3,090,000 | ||||||
|
| |||||||
19,663,444 | ||||||||
|
| |||||||
Total Corporate Bonds | 123,467,688 | |||||||
|
| |||||||
Preferred Stock 0.1% |
| |||||||
Banks 0.1% |
| |||||||
GMAC Capital Trust I, Series 2, 6.602%(b) | 94,025 | 2,389,175 | ||||||
|
| |||||||
Total Preferred Stock | 2,389,175 | |||||||
|
| |||||||
Common Stocks 0.2% |
| |||||||
Diversified Financial Services 0.0%(a) |
| |||||||
Aretec Group, Inc.*(c) | 104,182 | 625,092 | ||||||
|
| |||||||
Oil & Gas 0.2% |
| |||||||
Templar Energy LLC, Cl A*(d) | 1,378,328 | 9,303,715 | ||||||
|
| |||||||
Telecommunication Services 0.0%(a) |
| |||||||
NII Holding, Inc.* | 303,451 | 1,010,492 | ||||||
|
| |||||||
Total Common Stocks | 10,939,299 | |||||||
|
| |||||||
Unlisted Call Option Purchased 0.0%(a) |
| |||||||
Metals/Minerals 0.0%(a) |
| |||||||
Atlas Iron Ltd.*(g)(i), Expiration Date 7/31/17, Exercise Price $0.075 AUD | 147,913,466 | — | ||||||
|
| |||||||
Total Unlisted Call Option Purchased | — | |||||||
|
|
See Notes to Financial Statements.
26
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Floating Rate High Income Fund — concluded
Shares, Contract | Value($) | |||||||
Money Market Fund 7.5% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(k) | 348,783,589 | 348,783,589 | ||||||
|
| |||||||
Total Money Market Fund (Cost $348,783,589) | 348,783,589 | |||||||
|
| |||||||
Total Investments |
| 4,868,974,464 | ||||||
Liabilities in Excess of Other Assets — (4.5)% | (207,571,496 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 4,661,402,968 | ||||||
|
|
* | Non-income producing security. |
(a) | Less than 0.05% of Net Assets. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment |
adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 93.9% of net assets as of September 30, 2016. |
(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) | 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) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(h) | Security is in default. |
(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 0.6% of net assets as of September 30, 2016. |
(j) | Perpetual maturity. |
(k) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
Investment Abbreviations
PIK — Payment in-kind
See Notes to Financial Statements.
27
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Georgia Tax-Exempt Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 97.6% | ||||||||
Alabama 0.7% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 640,000 | 738,041 | ||||||
|
| |||||||
Georgia 88.8% | ||||||||
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/27 | 2,885,000 | 3,396,164 | ||||||
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/29 | 1,690,000 | 1,968,242 | ||||||
Athens-Clarke County Unified Government Development Authority, Catholic Health East, RB, 6.250%, 11/15/32 | 1,410,000 | 1,586,010 | ||||||
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.500%, 01/01/38, Pre-refunded | 4,000,000 | 4,411,240 | ||||||
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.625%, 01/01/33, Pre-refunded | 3,000,000 | 3,316,800 | ||||||
Athens-Clarke County Unified Government Water & Sewerage Revenue, RB, 5.000%, 01/01/24 | 1,250,000 | 1,567,137 | ||||||
Atlanta Airport Passenger Facility Charge, Series B, RB, 5.000%, 01/01/21 | 2,000,000 | 2,256,740 | ||||||
Atlanta Airport Project, Series B, RB, 5.000%, 01/01/23(b) | 2,500,000 | 2,858,025 | ||||||
Atlanta Airport Project, Series B, RB, 5.000%, 01/01/42 | 2,235,000 | 2,576,128 | ||||||
Atlanta Development Authority, RB, ETM, 5.000%, 09/01/19 | 1,025,000 | 1,144,023 | ||||||
Atlanta Development Authority, Series A, RB, 5.000%, 07/01/34 | 1,000,000 | 1,199,750 | ||||||
Atlanta Development Authority, Series A, RB, 5.250%, 07/01/40 | 2,500,000 | 3,037,375 | ||||||
Atlanta Eastside Project, Tax Allocation, 5.000%, 01/01/28 | 850,000 | 1,049,844 |
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Atlanta Eastside Project, Tax Allocation, 5.000%, 01/01/30 | 250,000 | 303,638 | ||||||
Atlanta GA Water & Wastewater Revenue, RB, 5.000%, 11/01/40 | 4,000,000 | 4,788,840 | ||||||
Bartow County School District, GO, 5.000%, 10/01/19 | 2,000,000 | 2,236,700 | ||||||
Carroll City-County Hospital Authority, Tanner Medical Center, Inc., RB, 5.000%, 07/01/41, Country Guaranteed | 3,000,000 | 3,537,120 | ||||||
Clarke County Hospital Authority, Athens Regional Medical Center, RB, 5.000%, 01/01/32, Country Guaranteed | 1,180,000 | 1,346,793 | ||||||
Cobb County & Marietta Water Authority, RB, 5.000%, 11/01/38 | 1,045,000 | 1,284,765 | ||||||
Columbus GA Water & Sewerage Revenue, RB, 5.000%, 05/01/33 | 950,000 | 1,183,396 | ||||||
Columbus GA Water & Sewerage Revenue, RB, 5.000%, 05/01/35 | 700,000 | 864,465 | ||||||
DeKalb County, Water & Sewerage Revenue, Series A, RB, 5.250%, 10/01/36 | 2,000,000 | 2,362,300 | ||||||
DeKalb Private Hospital Authority, Children’s Healthcare of Atlanta, Inc., RB, 5.000%, 11/15/29 | 2,000,000 | 2,230,840 | ||||||
Forsyth County, Series A, GO, 5.000%, 03/01/25, Pre-refunded | 5,000,000 | 5,490,800 | ||||||
Fulton County Development Authority, Series A, RB, 5.000%, 03/15/36 | 2,000,000 | 2,372,520 | ||||||
Fulton County Development Authority, Series A, RB, 5.000%, 05/01/39 | 4,145,000 | 4,904,074 | ||||||
Fulton County Development Authority, Robert Woodruff Arts Center, Inc., Series B, RB, 5.250%, 03/15/24 | 1,300,000 | 1,418,742 | ||||||
Georgia State, Series B, GO, 5.000%, 10/01/17 | 3,000,000 | 3,125,910 |
See Notes to Financial Statements.
28
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Georgia Tax-Exempt Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Greene County Development Authority, RB, 5.000%, 11/15/37 | 2,955,000 | 3,382,884 | ||||||
Gwinnett County Water & Sewerage Authority, RB, 5.000%, 08/01/23, Country Guaranteed | 2,000,000 | 2,361,780 | ||||||
Henry County Water & Sewerage Authority, RB, 6.150%, 02/01/20, AMBAC | 2,100,000 | 2,364,327 | ||||||
Municipal Electric Authority of Georgia, Series A, RB, 5.000%, 01/01/21 | 2,000,000 | 2,316,860 | ||||||
Municipal Electric Authority of Georgia, Series D, RB, 5.750%, 01/01/19 | 360,000 | 390,751 | ||||||
Private Colleges & Universities Authority, Emory University, Series B, RB, 5.000%, 10/01/38 | 5,000,000 | 6,135,000 | ||||||
Private Colleges & Universities Authority, Emory University, Series C, RB, 5.250%, 09/01/39 | 2,000,000 | 2,222,120 | ||||||
Private Colleges & Universities Authority, Savannah College Of Art & Design, RB, 5.000%, 04/01/30 | 1,000,000 | 1,174,550 | ||||||
Private Colleges & Universities Authority, Savannah College Of Art & Design, RB, 5.000%, 04/01/44 | 3,500,000 | 4,010,160 | ||||||
Sandy Springs Public Facilities Authority, RB, 5.000%, 05/01/41 | 3,000,000 | 3,667,200 | ||||||
Thomasville Hospital Authority, John D. Archhold Memorial Hospital, RB, 5.375%, 11/01/40 | 2,510,000 | 2,867,248 | ||||||
|
| |||||||
98,711,261 | ||||||||
|
| |||||||
Guam 2.0% |
| |||||||
Territory of Guam, Series A, RB, 5.000%, 12/01/33 | 620,000 | 736,337 | ||||||
Territory of Guam, Series A, RB, 5.000%, 12/01/34 | 460,000 | 544,088 | ||||||
Territory of Guam, Series A, RB, 5.000%, 12/01/46 | 795,000 | 929,641 | ||||||
|
| |||||||
2,210,066 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
North Carolina 3.9% |
| |||||||
North Carolina Capital Facilities Finance Agency, Educational Facilities, RB, 5.000%, 05/01/32 | 1,700,000 | 1,887,714 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/27(c) | 620,000 | 765,917 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/33(c) | 805,000 | 963,802 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/35(c) | 620,000 | 735,165 | ||||||
|
| |||||||
4,352,598 | ||||||||
|
| |||||||
South Carolina 2.2% |
| |||||||
South Carolina State Public Service Authority, Series A, RB, 5.750%, 12/01/43 | 2,000,000 | 2,481,840 | ||||||
|
| |||||||
Total Municipal Bonds |
| 108,493,806 | ||||||
|
| |||||||
Money Market Fund 3.9% |
| |||||||
Federated Government Obligations Fund, Institutional Shares, 0.26%(d) | 4,273,753 | 4,273,753 | ||||||
|
| |||||||
Total Money Market Fund |
| 4,273,753 | ||||||
|
| |||||||
Total Investments |
| 112,767,559 | ||||||
Liabilities in Excess of Other Assets — (1.5)% |
| (1,624,156 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 111,143,403 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2016. |
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
ETM | — | Escrowed to Maturity | ||
GO | — | General Obligation | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
29
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Grade Municipal Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 90.7% | ||||||||
Alabama 4.1% |
| |||||||
Birmingham, Series A, GO, 0.000%, 03/01/37(a) | 2,000,000 | 2,277,740 | ||||||
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, AGC | 2,000,000 | 2,265,860 | ||||||
|
| |||||||
4,543,600 | ||||||||
|
| |||||||
Alaska 2.1% |
| |||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, Pre-refunded 09/01/2019 @ 100, AGC | 1,270,000 | 1,452,766 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC | 730,000 | 835,054 | ||||||
|
| |||||||
2,287,820 | ||||||||
|
| |||||||
Arizona 3.6% |
| |||||||
Arizona Health Facilities Authority, Series F, RB, 0.860%, 01/01/29(b) | 4,000,000 | 4,000,000 | ||||||
|
| |||||||
California 16.7% |
| |||||||
California Infrastructure & Economic Development Bank, RB, 5.000%, 11/01/34 | 1,000,000 | 1,209,760 | ||||||
California Municipal Finance Authority, Series A, RB, 5.000%, 06/01/50 | 1,750,000 | 1,995,298 | ||||||
California State, GO, 4.000%, 09/01/46 | 1,500,000 | 1,667,295 | ||||||
California State, GO, 5.000%, 09/01/30 | 1,000,000 | 1,182,040 | ||||||
California State, GO, 5.000%, 08/01/35 | 1,000,000 | 1,227,310 | ||||||
California State, GO, 5.000%, 09/01/45 | 2,500,000 | 3,073,150 | ||||||
California State, GO, 5.000%, 09/01/46 | 1,500,000 | 1,843,890 | ||||||
California State, GO, 6.500%, 04/01/33 (c) | 2,000,000 | 2,275,640 | ||||||
Los Angeles Department of Airports, Series A, AMT, RB, 4.000%, 05/15/34 | 1,000,000 | 1,105,940 |
Shares or Principal Amount($) | Value($) | |||||||
California—continued |
| |||||||
Regents of the University of California Medical Center Pooled Revenue, Series L, RB, 5.000%, 05/15/35 | 1,500,000 | 1,850,775 | ||||||
San Diego Redevelopment Agency Successor, Series A, 5.000%, 09/01/28 | 500,000 | 627,850 | ||||||
San Diego Redevelopment Agency Successor, Series A, 5.000%, 09/01/29 | 405,000 | 504,172 | ||||||
|
| |||||||
18,563,120 | ||||||||
|
| |||||||
Connecticut 2.1% |
| |||||||
South Central Connecticut Regional Water Authority, Series B, RB, 5.000%, 08/01/37 | 1,900,000 | 2,315,568 | ||||||
|
| |||||||
District of Columbia 2.0% |
| |||||||
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30(c) | 2,000,000 | 2,283,700 | ||||||
|
| |||||||
Florida 8.0% | �� | |||||||
Central Florida Expressway Authority, Series B, RB, 4.000%, 07/01/37(d) | 1,500,000 | 1,626,285 | ||||||
Orlando FL Contract Tourist DE, Series A, RB, 5.250%, 11/01/32 | 1,000,000 | 1,220,600 | ||||||
Port St Lucie FL Utility System Revenue, RB, 4.000%, 09/01/36 | 1,500,000 | 1,657,665 | ||||||
Tampa Bay Water, Series A, RB, 5.000%, 10/01/37 | 3,500,000 | 4,347,175 | ||||||
|
| |||||||
8,851,725 | ||||||||
|
| |||||||
Georgia 1.3% |
| |||||||
Fulton County Development Authority, Georgia Tech Athletic Association, RB, 5.750%, 10/01/36 | 1,250,000 | 1,466,787 | ||||||
|
| |||||||
Idaho 2.5% |
| |||||||
Idaho Health Facilities Authority, Series A, RB, 6.750%, 11/01/37(c) | 2,500,000 | 2,774,550 | ||||||
|
| |||||||
Illinois 5.9% |
| |||||||
Chicago O’Hare International Airport, Series A, AMT, RB, 5.000%, 01/01/33 | 1,100,000 | 1,271,039 |
See Notes to Financial Statements.
30
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Grade Municipal Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Illinois—continued |
| |||||||
Chicago O’Hare International Airport, Series B, RB, 5.000%, 01/01/33(c) | 3,500,000 | 4,168,850 | ||||||
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38 | 1,000,000 | 1,117,780 | ||||||
|
| |||||||
6,557,669 | ||||||||
|
| |||||||
Indiana 4.7% |
| |||||||
Indiana Finance Authority, Series C, RB, 5.000%, 06/01/27 | 2,000,000 | 2,599,860 | ||||||
Indiana Finance Authority, Series C, RB, 5.000%, 06/01/28 | 2,000,000 | 2,633,040 | ||||||
|
| |||||||
5,232,900 | ||||||||
|
| |||||||
Kansas 1.5% |
| |||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(c) | 1,500,000 | 1,708,695 | ||||||
|
| |||||||
Maine 2.5% |
| |||||||
Maine State Turnpike Authority, RB, 6.000%, 07/01/38(c) | 2,500,000 | 2,843,650 | ||||||
|
| |||||||
Massachusetts 1.6% |
| |||||||
Commonwealth of Massachusetts, Series A, GO, 5.000%, 04/01/25 | 1,500,000 | 1,760,280 | ||||||
|
| |||||||
Missouri 1.6% |
| |||||||
Metropolitan St Louis Sewer District, Series B, RB, 5.000%, 05/01/45 | 1,500,000 | 1,811,295 | ||||||
|
| |||||||
New York 5.5% |
| |||||||
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC-CR-AGM | 1,000,000 | 1,077,800 | ||||||
New York State Dormitory Authority, RB, 5.000%, 03/15/28 | 2,000,000 | 2,577,660 | ||||||
New York State Dormitory Authority, Series A, RB, 5.000%, 03/15/34 | 1,000,000 | 1,246,130 |
Shares or Principal Amount($) | Value($) | |||||||
New York—continued |
| |||||||
Utility Debt Securitization Authority, RB, 5.000%, 12/15/37 | 1,000,000 | 1,226,600 | ||||||
|
| |||||||
6,128,190 | ||||||||
|
| |||||||
North Carolina 6.0% |
| |||||||
Charlotte NC Water & Sewer System Revenue, Series B, RB, 0.810%, 07/01/36(b) | 4,750,000 | 4,750,000 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/35(d) | 1,625,000 | 1,926,844 | ||||||
|
| |||||||
6,676,844 | ||||||||
|
| |||||||
Texas 14.6% |
| |||||||
Arlington Higher Education Finance Corp., Series A, RB, 5.000%, 08/15/39, PSF-GTD | 1,000,000 | 1,176,890 | ||||||
Culberson County-Allamoore Independent School District, GO, 4.000%, 02/15/41, PSF-GTD | 1,500,000 | 1,559,250 | ||||||
Dallas Independent School District, GO, 6.375%, 02/15/34, PSF-GTD(c) | 4,000,000 | 4,299,560 | ||||||
Harris County, Series A, RB, 5.000%, 08/15/36 | 1,500,000 | 1,836,600 | ||||||
Lower Colorado River Authority, RB, 4.000%, 05/15/42 | 1,000,000 | 1,087,400 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 5.000%, 07/01/35 | 2,000,000 | 2,254,920 | ||||||
San Antonio TX Water System, Series A, RB, 5.000%, 05/15/33 | 2,000,000 | 2,465,760 | ||||||
San Antonio TX Water System, Series A, RB, 5.000%, 05/15/34 | 1,250,000 | 1,535,037 | ||||||
|
| |||||||
16,215,417 | ||||||||
|
| |||||||
Washington 4.4% |
| |||||||
Port of Tacoma, Series B, AMT, RB, 5.000%, 12/01/36 | 1,000,000 | 1,189,590 |
See Notes to Financial Statements.
31
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Grade Municipal Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Washington—continued |
| |||||||
Seattle Washington Municipal | 1,635,000 | 1,832,328 | ||||||
Washington State, Series A, GO, 5.000%, 07/01/26, Pre-refunded 07/01/2017 @ 100 | 1,800,000 | 1,857,150 | ||||||
|
| |||||||
4,879,068 | ||||||||
|
| |||||||
Total Municipal Bonds | 100,900,878 | |||||||
|
| |||||||
Money Market Fund 10.8% |
| |||||||
Federated Government Obligations Fund, Institutional Shares, 0.26%(e) | 11,979,688 | 11,979,688 | ||||||
|
| |||||||
Total Money Market Fund | 11,979,688 | |||||||
|
| |||||||
Total Investments | 112,880,566 | |||||||
Liabilities in Excess of Other |
| (1,624,025 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 111,256,541 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2016. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(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 yield, is as of September 30, 2016. |
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 | ||
CR | — | Custodial Receipts | ||
GO | — | General Obligation | ||
PSF-GTD | — | Security guaranteed by Permanent School Fund Guarantee Program | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
32
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 3.4% | ||||||||
Broadcasting 0.3% |
| |||||||
iHeartCommunications, Inc., Term Loan D, 7.274%, 01/30/19(a) | 2,065,000 | 1,586,292 | ||||||
|
| |||||||
Diversified Media 0.9% |
| |||||||
Lions Gate Entertainment Corp., Bridge Unsecured Funded, 06/27/17(b)(c) | 1,129,478 | 1,129,478 | ||||||
Lions Gate Entertainment Corp., Bridge Unsecured Term Loan, 06/27/17(b)(c) | 3,915,522 | 3,915,522 | ||||||
|
| |||||||
5,045,000 | ||||||||
|
| |||||||
Energy 0.2% |
| |||||||
Chesapeake Energy Corp., Term Loan, 8.500%, 08/23/21(a) | 1,180,000 | 1,237,891 | ||||||
|
| |||||||
Healthcare 0.3% |
| |||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a) | 1,925,000 | 1,927,002 | ||||||
|
| |||||||
Metals/Minerals 0.3% |
| |||||||
FMG Resources (August 2006) Pty Ltd., New Term Loan B, 3.750%, 06/30/19(a) | 1,539,787 | 1,537,677 | ||||||
|
| |||||||
Retail 0.9% |
| |||||||
Sears Roebuck Acceptance Corp., 2015 Term Loan, 5.500%, 06/30/18(a) | 4,918,396 | 4,811,814 | ||||||
|
| |||||||
Service 0.5% |
| |||||||
Asurion LLC, New 2nd Lien Term Loan, 8.500%, 03/03/21(a) | 2,955,000 | 2,935,290 | ||||||
|
| |||||||
Total Bank Loans | 19,080,966 | |||||||
|
| |||||||
Corporate Bonds 90.7% | ||||||||
Advertising 0.3% |
| |||||||
MDC Partners, Inc., | 1,550,000 | 1,433,750 | ||||||
|
| |||||||
Aerospace/Defense 0.7% |
| |||||||
TransDigm, Inc., 6.000%, 07/15/22 | 2,550,000 | 2,690,250 | ||||||
TransDigm, Inc., 7.500%, 07/15/21 | 1,390,000 | 1,473,400 | ||||||
|
| |||||||
4,163,650 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Airlines 2.1% |
| |||||||
Air Canada, 8.750%, 04/01/20(d) | 615,000 | 664,200 | ||||||
Air Canada Pass Through Trust, Series 2013-1, Cl C, 6.625%, 05/15/18(d) | 875,000 | 910,000 | ||||||
Air Canada Pass Through Trust, Series 2015-1, Cl C, 5.000%, 03/15/20(d) | 543,000 | 548,430 | ||||||
American Airlines Pass Through Trust, Series 2013-2, Cl B, 5.600%, 07/15/20(d) | 3,335,725 | 3,490,002 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl B, 4.750%, 04/11/22 | 2,858,870 | 2,923,195 | ||||||
US Airways Pass Through Trust, Series 2012-2, Cl B, 6.750%, 06/03/21 | 2,900,602 | 3,154,405 | ||||||
|
| |||||||
11,690,232 | ||||||||
|
| |||||||
Auto Manufacturers 0.0%(f) |
| |||||||
Motors Liquidation Co. Escrow, | 17,182,000 | — | ||||||
Motors Liquidation Co. Escrow, | 36,800,000 | — | ||||||
|
| |||||||
— | ||||||||
|
| |||||||
Auto Parts & Equipment 0.8% |
| |||||||
Allison Transmission, Inc., 5.000%, 10/01/24(d) | 1,985,000 | 2,034,625 | ||||||
Deck Chassis Acquisition, Inc., 10.000%, 06/15/23(d) | 1,133,000 | 1,189,650 | ||||||
TI Group Automotive Systems LLC, 8.750%, 07/15/23(d) | 1,015,000 | 1,103,813 | ||||||
|
| |||||||
4,328,088 | ||||||||
|
| |||||||
Banks 1.1% |
| |||||||
Provident Funding Associates LP/PFG Finance Corp., 6.750%, 06/15/21(d) | 4,740,000 | 4,781,475 | ||||||
Royal Bank of Scotland Group PLC, 8.625%(a)(g) | 1,310,000 | 1,282,162 | ||||||
|
| |||||||
6,063,637 | ||||||||
|
| |||||||
Biotechnology 0.4% |
| |||||||
Concordia International Corp., 9.500%, 10/21/22(d)(e) | 3,263,000 | 2,259,628 | ||||||
|
| |||||||
Building Materials 0.7% |
| |||||||
Eagle Materials, Inc., 4.500%, 08/01/26 | 613,000 | 621,223 |
See Notes to Financial Statements.
33
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Building Materials—continued |
| |||||||
Summit Materials LLC/Summit Materials Finance Corp., 8.500%, 04/15/22(d) | 1,595,000 | 1,738,550 | ||||||
USG Corp., 5.875%, 11/01/21(d) | 1,730,000 | 1,810,013 | ||||||
|
| |||||||
4,169,786 | ||||||||
|
| |||||||
Chemicals 2.3% |
| |||||||
Axalta Coating Systems LLC, 4.875%, 08/15/24(d) | 835,000 | 855,353 | ||||||
Blue Cube Spinco, Inc., 9.750%, 10/15/23(d)(e) | 2,453,000 | 2,882,275 | ||||||
Chemours Co. (The), 7.000%, 05/15/25(e) | 3,385,000 | 3,325,762 | ||||||
CVR Partners LP/CVR Nitrogen Finance Corp., 9.250%, 06/15/23(d) | 835,000 | 807,863 | ||||||
INEOS Group Holdings SA, 5.625%, 08/01/24(d)(e) | 1,150,000 | 1,128,438 | ||||||
Kraton Polymers LLC/Kraton Polymers Capital Corp., 10.500%, 04/15/23(d) | 970,000 | 1,100,950 | ||||||
Platform Specialty Products Corp., 10.375%, 05/01/21(d)(e) | 2,180,000 | 2,348,950 | ||||||
Valvoline, Inc., 5.500%, 07/15/24(d) | 322,000 | 337,295 | ||||||
|
| |||||||
12,786,886 | ||||||||
|
| |||||||
Coal 1.0% |
| |||||||
CONSOL Energy, Inc., 5.875%, 04/15/22(e) | 2,275,000 | 2,093,000 | ||||||
CONSOL Energy, Inc., 8.000%, 04/01/23 | 3,415,000 | 3,312,550 | ||||||
|
| |||||||
5,405,550 | ||||||||
|
| |||||||
Commercial Services 2.6% |
| |||||||
Flexi-Van Leasing, Inc., 7.875%, 08/15/18(d) | 835,000 | 753,588 | ||||||
Hertz Corp. (The), 4.250%, 04/01/18(e) | 180,000 | 184,500 | ||||||
Hertz Corp. (The), 6.750%, 04/15/19 | 1,469,000 | 1,502,221 | ||||||
Laureate Education, Inc., 9.250%, 09/01/19(d) | 2,550,000 | 2,428,875 | ||||||
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.250%, 05/15/23(d) | 1,380,000 | 1,504,200 | ||||||
Quad/Graphics, Inc., 7.000%, 05/01/22 | 1,825,000 | 1,752,000 |
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services—continued |
| |||||||
Rent-A-Center, Inc., 4.750%, 05/01/21 | 690,000 | 583,050 | ||||||
Rent-A-Center, Inc., 6.625%, 11/15/20(e) | 545,000 | 525,925 | ||||||
TMS International Corp., 7.625%, 10/15/21(i) | 4,350,000 | 3,719,250 | ||||||
United Rentals North America, Inc., 7.625%, 04/15/22 | 1,680,000 | 1,789,200 | ||||||
|
| |||||||
14,742,809 | ||||||||
|
| |||||||
Computers 3.4% |
| |||||||
Harland Clarke Holdings Corp., 6.875%, 03/01/20(d)(k) | 1,680,000 | 1,604,400 | ||||||
Harland Clarke Holdings Corp., 9.250%, 03/01/21(d)(k) | 3,290,000 | 2,796,500 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(d)(k) | 8,877,000 | 9,121,117 | ||||||
Project Homestake Merger Corp., 8.875%, 03/01/23(d) | 1,340,000 | 1,432,125 | ||||||
Seagate HDD Cayman, 4.750%, 01/01/25 | 1,345,000 | 1,271,025 | ||||||
Western Digital Corp., 10.500%, 04/01/24(d)(e) | 2,775,000 | 3,219,000 | ||||||
|
| |||||||
19,444,167 | ||||||||
|
| |||||||
Distribution/Wholesale 0.4% |
| |||||||
Univar USA, Inc., 6.750%, 07/15/23(d) | 2,000,000 | 2,060,000 | ||||||
|
| |||||||
Diversified Financial Services 10.7% |
| |||||||
Ally Financial, Inc., 7.500%, 09/15/20 | 3,709,000 | 4,218,987 | ||||||
Ally Financial, Inc., 8.000%, 03/15/20 | 2,619,000 | 2,992,207 | ||||||
BCD Acquisition, Inc., 9.625%, 09/15/23(d) | 1,050,000 | 1,097,250 | ||||||
Double Eagle Acquisition Sub, Inc., 7.500%, 10/01/24(b)(d) | 1,500,000 | 1,526,250 | ||||||
International Lease Finance Corp., 6.250%, 05/15/19 | 2,450,000 | 2,655,188 | ||||||
International Lease Finance Corp., 8.250%, 12/15/20 | 7,815,000 | 9,280,312 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.375%, 04/01/20(d) | 2,425,000 | 2,364,375 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 08/01/18 | 5,200,000 | 5,284,500 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 07/01/21 | 3,666,000 | 3,592,680 |
See Notes to Financial Statements.
34
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services—continued |
| |||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 7.875%, 10/01/20 | 3,890,000 | 3,953,018 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 9.625%, 05/01/19(e) | 1,025,000 | 1,073,688 | ||||||
Navient Corp., 4.875%, 06/17/19, MTN | 2,600,000 | 2,590,250 | ||||||
Navient Corp., 5.000%, 10/26/20 | 2,010,000 | 1,982,363 | ||||||
Navient Corp., 5.500%, 01/15/19, MTN | 875,000 | 888,125 | ||||||
Navient Corp., 8.000%, 03/25/20, MTN | 1,855,000 | 1,989,488 | ||||||
Navient Corp., 8.450%, 06/15/18, MTN | 1,805,000 | 1,940,375 | ||||||
OneMain Financial Holdings LLC, 7.250%, 12/15/21(d) | 1,625,000 | 1,708,281 | ||||||
Quicken Loans, Inc., 5.750%, 05/01/25(d)(e) | 5,530,000 | 5,488,525 | ||||||
Springleaf Finance Corp., 8.250%, 12/15/20 | 1,360,000 | 1,492,600 | ||||||
Springleaf Finance Corp., 8.250%, 10/01/23 | 1,155,000 | 1,212,750 | ||||||
Walter Investment Management Corp., 7.875%, 12/15/21(e) | 4,360,000 | 2,899,400 | ||||||
|
| |||||||
60,230,612 | ||||||||
|
| |||||||
Electric 1.5% |
| |||||||
Dynegy, Inc., 6.750%, 11/01/19 | 3,470,000 | 3,556,750 | ||||||
Dynegy, Inc., 7.375%, 11/01/22 | 1,220,000 | 1,204,750 | ||||||
GenOn Energy, Inc., 7.875%, 06/15/17(e) | 1,706,000 | 1,411,715 | ||||||
NRG Energy, Inc., 7.250%, 05/15/26(d) | 1,635,000 | 1,663,612 | ||||||
NRG Energy, Inc., 7.875%, 05/15/21 | 534,000 | 558,030 | ||||||
|
| |||||||
8,394,857 | ||||||||
|
| |||||||
Electrical Components & Equipment 0.3% |
| |||||||
WESCO Distribution, Inc., 5.375%, 06/15/24(d) | 1,750,000 | 1,754,375 | ||||||
|
| |||||||
Electronics 0.3% |
| |||||||
Allegion PLC, 5.875%, 09/15/23 | 1,743,000 | 1,878,083 | ||||||
|
| |||||||
Engineering & Construction 0.4% |
| |||||||
Engility Corp., 8.875%, 09/01/24(d) | 2,245,000 | 2,273,063 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Entertainment 1.4% |
| |||||||
EMI Music Publishing Group North America Holdings, Inc., 7.625%, 06/15/24(d) | 852,000 | 921,225 | ||||||
Greektown Holdings LLC/Greektown Mothership Corp., 8.875%, 03/15/19(d)(e) | 2,355,000 | 2,490,412 | ||||||
Mohegan Tribal Gaming Authority, 7.875%, 10/15/24(b)(d) | 1,190,000 | 1,187,025 | ||||||
National CineMedia LLC, 5.750%, 08/15/26(d) | 1,050,000 | 1,089,375 | ||||||
WMG Acquisition Corp., 5.000%, 08/01/23(d) | 630,000 | 639,450 | ||||||
WMG Acquisition Corp., 5.625%, 04/15/22(d)(e) | 1,778,000 | 1,840,230 | ||||||
|
| |||||||
8,167,717 | ||||||||
|
| |||||||
Environmental Control 0.4% |
| |||||||
GFL Environmental, Inc., 9.875%, 02/01/21(d) | 2,001,000 | 2,191,095 | ||||||
|
| |||||||
Food 1.4% |
| |||||||
JBS USA LLC/JBS USA Finance, Inc., 5.750%, 06/15/25(d) | 1,765,000 | 1,734,112 | ||||||
JBS USA LLC/JBS USA Finance, Inc., 8.250%, 02/01/20(d) | 1,815,000 | 1,871,719 | ||||||
Post Holdings, Inc., 8.000%, 07/15/25(d)(e) | 2,070,000 | 2,368,856 | ||||||
US Foods, Inc., 5.875%, 06/15/24(d) | 1,706,000 | 1,769,975 | ||||||
|
| |||||||
7,744,662 | ||||||||
|
| |||||||
Forest Products & Paper 0.3% |
| |||||||
Resolute Forest Products, Inc., 5.875%, 05/15/23(e) | 1,695,000 | 1,470,413 | ||||||
|
| |||||||
Healthcare-Products 1.0% |
| |||||||
Greatbatch Ltd., 9.125%, 11/01/23(d) | 2,857,000 | 2,799,860 | ||||||
Kinetic Concepts, Inc./KCI USA, Inc., 10.500%, 11/01/18 | 1,675,000 | 1,760,844 | ||||||
Teleflex, Inc., 5.250%, 06/15/24 | 1,208,000 | 1,259,340 | ||||||
|
| |||||||
5,820,044 | ||||||||
|
| |||||||
Healthcare-Services 6.9% |
| |||||||
Centene Corp., 5.625%, 02/15/21 | 2,780,000 | 2,946,800 |
See Notes to Financial Statements.
35
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Healthcare-Services—continued |
| |||||||
CHS/Community Health Systems, Inc., 5.125%, 08/01/21 | 2,000,000 | 1,985,000 | ||||||
CHS/Community Health Systems, Inc., 6.875%, 02/01/22 | 1,320,000 | 1,135,200 | ||||||
CHS/Community Health Systems, Inc., 8.000%, 11/15/19(e) | 4,345,000 | 4,258,100 | ||||||
DaVita, Inc., 5.000%, 05/01/25 | 1,345,000 | 1,350,044 | ||||||
HCA Holdings, Inc., 6.250%, 02/15/21 | 2,865,000 | 3,108,525 | ||||||
HCA, Inc., 5.250%, 06/15/26 | 2,130,000 | 2,263,125 | ||||||
HCA, Inc., 6.500%, 02/15/20 | 2,215,000 | 2,453,112 | ||||||
IASIS Healthcare LLC/IASIS Capital Corp., 8.375%, 05/15/19 | 1,900,000 | 1,719,500 | ||||||
inVentiv Health, Inc., 9.000%, 01/15/18(d) | 3,170,000 | 3,255,194 | ||||||
Kindred Healthcare, Inc., 8.000%, 01/15/20 | 2,595,000 | 2,640,412 | ||||||
LifePoint Health, Inc., 5.875%, 12/01/23 | 940,000 | 975,250 | ||||||
MPH Acquisition Holdings LLC, 7.125%, 06/01/24(d) | 1,583,000 | 1,701,725 | ||||||
Tenet Healthcare Corp., 6.000%, 10/01/20 | 2,165,000 | 2,289,488 | ||||||
Tenet Healthcare Corp., 8.000%, 08/01/20 | 680,000 | 686,800 | ||||||
Tenet Healthcare Corp., 8.125%, 04/01/22 | 5,065,000 | 5,065,000 | ||||||
WellCare Health Plans, Inc., 5.750%, 11/15/20 | 1,400,000 | 1,445,500 | ||||||
|
| |||||||
39,278,775 | ||||||||
|
| |||||||
Home Builders 3.2% |
| |||||||
Brookfield Residential Properties, Inc., 6.500%, 12/15/20(d) | 470,000 | 486,450 | ||||||
CalAtlantic Group, Inc., 5.875%, 11/15/24 | 1,650,000 | 1,765,500 | ||||||
DR Horton, Inc., 4.000%, 02/15/20 | 1,095,000 | 1,153,856 | ||||||
Lennar Corp., 4.750%, 04/01/21 | 2,185,000 | 2,327,025 | ||||||
Mattamy Group Corp., 6.500%, 11/15/20(d) | 1,335,000 | 1,330,828 | ||||||
PulteGroup, Inc., 4.250%, 03/01/21 | 3,943,000 | 4,140,150 |
Shares or Principal Amount($) | Value($) | |||||||
Home Builders—continued |
| |||||||
PulteGroup, Inc., 5.500%, 03/01/26 | 695,000 | 729,750 | ||||||
Shea Homes LP/Shea Homes Funding Corp., 5.875%, 04/01/23(d) | 1,665,000 | 1,665,000 | ||||||
Taylor Morrison Communities, Inc./Monarch Communities, Inc., 5.250%, 04/15/21(d) | 935,000 | 965,388 | ||||||
TRI Pointe Group, Inc., 4.875%, 07/01/21 | 3,201,000 | 3,281,025 | ||||||
|
| |||||||
17,844,972 | ||||||||
|
| |||||||
Home Furnishings 0.3% |
| |||||||
Tempur Sealy International, Inc., 5.500%, 06/15/26(d) | 1,492,000 | 1,536,760 | ||||||
|
| |||||||
Household Products/Wares 0.2% |
| |||||||
Century Intermediate Holding Co. 2, PIK, 9.750%, 02/15/19(d) | 863,000 | 880,260 | ||||||
|
| |||||||
Insurance 1.1% |
| |||||||
MGIC Investment Corp., 5.750%, 08/15/23 | 2,775,000 | 2,886,000 | ||||||
Radian Group, Inc., 7.000%, 03/15/21 | 3,082,000 | 3,455,692 | ||||||
|
| |||||||
6,341,692 | ||||||||
|
| |||||||
Internet 0.3% |
| |||||||
Zayo Group LLC/Zayo Capital, Inc., 6.000%, 04/01/23 | 1,770,000 | 1,858,500 | ||||||
|
| |||||||
Iron/Steel 0.6% |
| |||||||
Signode Industrial Group Lux SA/Signode Industrial Group US, Inc., 6.375%, 05/01/22(d) | 1,205,000 | 1,220,063 | ||||||
Steel Dynamics, Inc., 5.125%, 10/01/21 | 2,160,000 | 2,243,700 | ||||||
|
| |||||||
3,463,763 | ||||||||
|
| |||||||
Leisure Time 0.6% |
| |||||||
NCL Corp. Ltd., 5.250%, 11/15/19(d) | 1,175,000 | 1,186,750 | ||||||
Viking Cruises Ltd., 8.500%, 10/15/22(d) | 2,250,000 | 2,306,250 | ||||||
|
| |||||||
3,493,000 | ||||||||
|
| |||||||
Lodging 1.3% |
| |||||||
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Prope, 11.000%, 10/01/21 | 725,000 | 777,562 |
See Notes to Financial Statements.
36
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Lodging—continued |
| |||||||
Caesars Growth Properties Holdings LLC/Caesars Growth Properties Finance, Inc., 9.375%, 05/01/22 | 500,000 | 533,750 | ||||||
Dakota Merger Sub, Inc., 10.750%, 09/01/24(d)(e) | 1,575,000 | 1,543,500 | ||||||
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(d)(k) | 1,680,000 | 1,696,800 | ||||||
MGM Resorts International, 6.000%, 03/15/23(e) | 2,290,000 | 2,484,650 | ||||||
MGM Resorts International, 6.750%, 10/01/20 | 545,000 | 610,400 | ||||||
|
| |||||||
7,646,662 | ||||||||
|
| |||||||
Media 6.7% |
| |||||||
Altice Luxembourg SA, 7.750%, 05/15/22(d)(e) | 2,175,000 | 2,321,812 | ||||||
CCO Holdings LLC/Cap Corp., 5.750%, 09/01/23 | 505,000 | 534,669 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp., 5.750%, 02/15/26(d) | 580,000 | 614,800 | ||||||
Cequel Communications Holdings I LLC/Cequel Capital Corp., 5.125%, 12/15/21(d)(e) | 1,440,000 | 1,440,000 | ||||||
Cequel Communications Holdings I LLC/Cequel Capital Corp., 6.375%, 09/15/20(d) | 320,000 | 329,600 | ||||||
Cequel Communications Holdings I LLC/Cequel Capital Corp., 7.750%, 07/15/25(d)(e) | 4,045,000 | 4,368,600 | ||||||
Clear Channel Worldwide Holdings, Inc., Series B, 6.500%, 11/15/22 | 1,475,000 | 1,535,844 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 5,506,000 | 5,712,475 | ||||||
DISH DBS Corp., 7.750%, 07/01/26(d) | 1,325,000 | 1,407,813 | ||||||
DISH DBS Corp., 7.875%, 09/01/19 | 2,310,000 | 2,587,200 | ||||||
iHeartCommunications, Inc., 10.625%, 03/15/23 | 465,000 | 346,425 | ||||||
Lee Enterprises, Inc., 9.500%, 03/15/22(d)(e) | 2,375,000 | 2,452,187 |
Shares or Principal Amount($) | Value($) | |||||||
Media—continued |
| |||||||
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.875%, 05/15/24(d)(e) | 2,745,000 | 2,964,600 | ||||||
MHGE Parent LLC/MHGE Parent Finance, Inc., 8.500%, 08/01/19(d)(e) | 1,435,000 | 1,449,350 | ||||||
Neptune Finco Corp., 10.125%, 01/15/23(d) | 350,000 | 403,375 | ||||||
Neptune Finco Corp., 10.875%, 10/15/25(d) | 2,075,000 | 2,427,750 | ||||||
Numericable-SFR SA, 7.375%, 05/01/26(d) | 2,450,000 | 2,504,365 | ||||||
Univision Communications, Inc., 6.750%, 09/15/22(d) | 1,434,000 | 1,521,832 | ||||||
WideOpenWest Finance LLC/WideOpenWest Capital Corp., 10.250%, 07/15/19 | 1,705,000 | 1,794,649 | ||||||
Ziggo Secured Finance BV, 5.500%, 01/15/27(d) | 1,090,000 | 1,088,638 | ||||||
|
| |||||||
37,805,984 | ||||||||
|
| |||||||
Metal Fabricate/Hardware 0.8% |
| |||||||
Novelis Corp., 5.875%, 09/30/26(d) | 1,090,000 | 1,115,888 | ||||||
Novelis Corp., 6.250%, 08/15/24(d)(e) | 945,000 | 1,002,881 | ||||||
Zekelman Industries, Inc., 9.875%, 06/15/23(d) | 2,125,000 | 2,241,875 | ||||||
|
| |||||||
4,360,644 | ||||||||
|
| |||||||
Mining 0.6% |
| |||||||
Imperial Metals Corp., 7.000%, 03/15/19(e)(i) | 2,948,000 | 2,771,120 | ||||||
Kaiser Aluminum Corp., 5.875%, 05/15/24 | 624,000 | 652,080 | ||||||
|
| |||||||
3,423,200 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.8% |
| |||||||
Bombardier, Inc., 7.500%, 03/15/18(d) | 2,840,000 | 2,996,200 | ||||||
Gates Global LLC/Gates Global Co., 6.000%, 07/15/22(d) | 1,415,000 | 1,344,250 | ||||||
|
| |||||||
4,340,450 | ||||||||
|
| |||||||
Oil & Gas 7.9% |
| |||||||
Antero Resources Corp., 6.000%, 12/01/20 | 4,014,000 | 4,148,228 | ||||||
Atwood Oceanics, Inc., 6.500%, 02/01/20(e) | 2,040,000 | 1,606,500 | ||||||
Callon Petroleum Co., 6.125%, 10/01/24(b)(d) | 1,025,000 | 1,060,875 |
See Notes to Financial Statements.
37
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
Cheniere Corpus Christi Holdings LLC, 7.000%, 06/30/24(d) | 1,190,000 | 1,285,200 | ||||||
Chesapeake Energy Corp., 6.625%, 08/15/20(e) | 4,490,000 | 4,226,212 | ||||||
Chesapeake Energy Corp., 6.875%, 11/15/20 | 4,460,000 | 4,170,100 | ||||||
Chesapeake Energy Corp., 8.000%, 12/15/22(d)(e) | 2,575,000 | 2,610,406 | ||||||
CITGO Petroleum Corp., 6.250%, 08/15/22(d) | 1,475,000 | 1,438,125 | ||||||
Continental Resources, Inc., 7.125%, 04/01/21 | 80,000 | 82,400 | ||||||
Eclipse Resources Corp., 8.875%, 07/15/23 | 2,925,000 | 2,850,047 | ||||||
Halcon Resources Corp., 8.625%, 02/01/20(d)(e) | 1,730,000 | 1,738,650 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co., 7.625%, 04/15/21(d) | 4,159,000 | 4,273,372 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 04/15/20(j) | 6,487,000 | 1,670,403 | ||||||
MEG Energy Corp., 6.500%, 03/15/21(d) | 1,540,000 | 1,257,025 | ||||||
PBF Holding Co. LLC/PBF Finance Corp., 7.000%, 11/15/23(d) | 1,665,000 | 1,569,263 | ||||||
Precision Drilling Corp., 5.250%, 11/15/24 | 255,000 | 207,825 | ||||||
Precision Drilling Corp., 6.625%, 11/15/20 | 1,689,844 | 1,567,330 | ||||||
Range Resources Corp., 5.750%, 06/01/21(d)(e) | 2,659,000 | 2,692,238 | ||||||
Rice Energy, Inc., 6.250%, 05/01/22 | 1,800,000 | 1,858,500 | ||||||
SandRidge Energy, Inc., 8.125%, 10/15/22(j) | 1,935,000 | 111,263 | ||||||
SandRidge Energy, Inc., 8.750%, 06/01/20(d)(j) | 1,615,000 | 581,400 | ||||||
Seven Generations Energy Ltd., 6.750%, 05/01/23(d)(e) | 1,796,000 | 1,863,350 | ||||||
Sunoco LP/Sunoco Finance Corp., 6.250%, 04/15/21(d) | 1,715,000 | 1,766,450 | ||||||
|
| |||||||
44,635,162 | ||||||||
|
| |||||||
Oil & Gas Services 0.9% |
| |||||||
FTS International, Inc., 8.350%, 06/15/20(a)(d) | 1,400,000 | 1,189,160 |
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas Services—continued |
| |||||||
KCA Deutag UK Finance PLC, 7.250%, 05/15/21(e)(i) | 2,005,000 | 1,644,100 | ||||||
SESI LLC, 6.375%, 05/01/19 | 1,381,000 | 1,370,643 | ||||||
SESI LLC, 7.125%, 12/15/21 | 790,000 | 772,225 | ||||||
|
| |||||||
4,976,128 | ||||||||
|
| |||||||
Packaging & Containers 1.6% |
| |||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 6.250%, 01/31/19(d) | 585,000 | 597,431 | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 7.250%, 05/15/24(d) | 2,895,000 | 3,083,175 | ||||||
Ball Corp., 4.375%, 12/15/20 | 1,410,000 | 1,505,175 | ||||||
Berry Plastics Corp., 5.500%, 05/15/22 | 1,120,000 | 1,159,200 | ||||||
Berry Plastics Corp., 6.000%, 10/15/22(e) | 1,115,000 | 1,176,325 | ||||||
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, 5.125%, 07/15/23(d) | 1,380,000 | 1,424,850 | ||||||
|
| |||||||
8,946,156 | ||||||||
|
| |||||||
Pharmaceuticals 2.5% |
| |||||||
Endo Finance LLC/Endo Finco, Inc., 7.250%, 01/15/22(d) | 2,495,000 | 2,395,200 | ||||||
Endo Finance LLC/Endo Ltd./Endo Finco, Inc., 6.000%, 07/15/23(d)(e) | 540,000 | 491,400 | ||||||
Horizon Pharma, Inc., 6.625%, 05/01/23(e) | 1,080,000 | 1,017,900 | ||||||
Valeant Pharmaceuticals International, 6.750%, 08/15/21(d) | 2,620,000 | 2,462,800 | ||||||
Valeant Pharmaceuticals International, 7.000%, 10/01/20(d)(k) | 5,630,000 | 5,461,100 | ||||||
Valeant Pharmaceuticals International, Inc., 7.500%, 07/15/21(d) | 2,280,000 | 2,207,268 | ||||||
|
| |||||||
14,035,668 | ||||||||
|
| |||||||
Pipelines 4.6% |
| |||||||
Access Midstream Partners LP/ACMP Finance Corp., 6.125%, 07/15/22 | 1,688,000 | 1,752,542 | ||||||
Holly Energy Partners LP/Holly Energy Finance Corp., 6.000%, 08/01/24(d) | 1,030,000 | 1,066,050 |
See Notes to Financial Statements.
38
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Pipelines—continued |
| |||||||
Rockies Express Pipeline LLC, 5.625%, 04/15/20(d) | 390,000 | 411,450 | ||||||
Rockies Express Pipeline LLC, 6.000%, 01/15/19(d)(e) | 2,635,000 | 2,766,750 | ||||||
Rockies Express Pipeline LLC, 6.850%, 07/15/18(d) | 1,241,000 | 1,306,153 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 02/01/21 | 10,145,000 | 10,715,656 | ||||||
Sabine Pass Liquefaction LLC, 5.875%, 06/30/26(d) | 2,615,000 | 2,842,178 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.500%, 10/15/19(e) | 3,004,000 | 3,199,260 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 6.125%, 10/15/21 | 1,755,000 | 1,833,975 | ||||||
|
| |||||||
25,894,014 | ||||||||
|
| |||||||
Private Equity 0.5% |
| |||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.000%, 08/01/20 | 2,745,000 | 2,758,725 | ||||||
|
| |||||||
Real Estate 2.0% |
| |||||||
Greystar Real Estate Partners LLC, 8.250%, 12/01/22(d) | 370,000 | 392,200 | ||||||
Howard Hughes Corp. (The), 6.875%, 10/01/21(d) | 5,195,000 | 5,461,244 | ||||||
Realogy Group LLC/Realogy Co-Issuer Corp., 4.875%, 06/01/23(d) | 3,220,000 | 3,272,325 | ||||||
Realogy Group LLC/Realogy Co-Issuer Corp., 5.250%, 12/01/21(d)(e) | 2,285,000 | 2,404,240 | ||||||
|
| |||||||
11,530,009 | ||||||||
|
| |||||||
Real Estate Investment Trust 2.8% |
| |||||||
Care Capital Properties LP, 5.125%, 08/15/26(d) | 1,085,000 | 1,084,820 | ||||||
iStar, Inc., 5.000%, 07/01/19(e) | 1,450,000 | 1,446,201 | ||||||
iStar, Inc., 6.500%, 07/01/21 | 3,353,000 | 3,403,295 | ||||||
iStar, Inc., 7.125%, 02/15/18 | 5,265,000 | 5,488,762 | ||||||
iStar, Inc., 9.000%, 06/01/17 | 2,220,000 | 2,297,700 | ||||||
VEREIT Operating Partnership LP, 4.125%, 06/01/21 | 660,000 | 681,450 | ||||||
VEREIT Operating Partnership LP, 4.875%, 06/01/26(e) | 1,595,000 | 1,684,719 | ||||||
|
| |||||||
16,086,947 | ||||||||
|
| |||||||
Retail 2.6% |
| |||||||
Family Dollar Stores, Inc., 5.000%, 02/01/21 | 420,000 | 452,550 |
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued |
| |||||||
JC Penney Corp., Inc., 8.125%, 10/01/19 | 1,250,000 | 1,362,500 | ||||||
Landry’s Holdings II, Inc., 10.250%, 01/01/18(d) | 720,000 | 735,264 | ||||||
Landry’s, Inc., 6.750%, 10/15/24(b)(d) | 1,525,000 | 1,551,687 | ||||||
Men’s Wearhouse, Inc. (The), 7.000%, 07/01/22 | 3,140,000 | 2,920,200 | ||||||
New Albertsons, Inc., 7.450%, 08/01/29 | 1,155,000 | 1,131,900 | ||||||
Rite Aid Corp., 6.125%, 04/01/23(d) | 3,700,000 | 3,992,929 | ||||||
Rite Aid Corp., 6.750%, 06/15/21 | 2,515,000 | 2,656,469 | ||||||
|
| |||||||
14,803,499 | ||||||||
|
| |||||||
Semiconductors 0.2% |
| |||||||
NXP BV/NXP Funding LLC, 4.125%, 06/01/21(d) | 1,310,000 | 1,403,338 | ||||||
|
| |||||||
Software 1.8% |
| |||||||
Donnelley Financial Solutions, Inc., 8.250%, 10/15/24(d) | 1,705,000 | 1,726,312 | ||||||
First Data Corp., 5.375%, 08/15/23(d) | 1,620,000 | 1,668,600 | ||||||
First Data Corp., 7.000%, 12/01/23(d)(e) | 2,700,000 | 2,855,250 | ||||||
IMS Health, Inc., 5.000%, 10/15/26(d) | 1,990,000 | 2,069,600 | ||||||
Infor US, Inc., 6.500%, 05/15/22 | 730,000 | 739,125 | ||||||
Solera LLC/Solera Finance, Inc., 10.500%, 03/01/24(d) | 1,090,000 | 1,215,350 | ||||||
|
| |||||||
10,274,237 | ||||||||
|
| |||||||
Telecommunication Services 5.5% |
| |||||||
CenturyLink, Inc., Series Y, 7.500%, 04/01/24(e) | 2,090,000 | 2,231,075 | ||||||
Cincinnati Bell, Inc., 7.000%, 07/15/24(d) | 1,465,000 | 1,501,625 | ||||||
Cogent Communications Finance, Inc., 5.625%, 04/15/21(d) | 185,000 | 187,775 | ||||||
Digicel Group Ltd., 8.250%, 09/30/20(d) | 1,425,000 | 1,237,969 | ||||||
Frontier Communications Corp., 11.000%, 09/15/25(e) | 2,115,000 | 2,207,531 | ||||||
Intelsat Jackson Holdings SA, 7.250%, 04/01/19(e) | 1,740,000 | 1,399,613 | ||||||
Level 3 Financing, Inc., 5.375%, 05/01/25 | 735,000 | 766,238 |
See Notes to Financial Statements.
39
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Income Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Sprint Communications, Inc., 11.500%, 11/15/21 | 3,045,000 | 3,478,912 | ||||||
Sprint Corp., 7.875%, 09/15/23 | 3,810,000 | 3,833,812 | ||||||
T-Mobile USA, Inc., 6.542%, 04/28/20 | 1,940,000 | 2,005,475 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 2,490,000 | 2,620,725 | ||||||
Trilogy International Partners LLC/Trilogy International Finance, Inc., 13.375%, 05/15/19(i) | 5,215,000 | 5,208,481 | ||||||
ViaSat, Inc., 6.875%, 06/15/20 | 2,745,000 | 2,844,506 | ||||||
West Corp., 5.375%, 07/15/22(d) | 1,565,000 | 1,533,700 | ||||||
|
| |||||||
31,057,437 | ||||||||
|
| |||||||
Transportation 0.9% |
| |||||||
Florida East Coast Holdings Corp., 6.750%, 05/01/19(d) | 2,830,000 | 2,900,750 | ||||||
Hornbeck Offshore Services, Inc., 1.500%, 09/01/19(i) | 1,985,000 | 1,131,450 | ||||||
Hornbeck Offshore Services, Inc., 5.000%, 03/01/21(i) | 1,960,000 | 1,146,600 | ||||||
|
| |||||||
5,178,800 | ||||||||
|
| |||||||
Total Corporate Bonds | 512,327,886 | |||||||
|
| |||||||
Convertible Preferred Stock 0.1% | ||||||||
Telecommunication Services 0.1% |
| |||||||
T-Mobile US, Inc., 5.500%, 12/15/17 | 8,965 | 699,898 | ||||||
|
| |||||||
Total Convertible Preferred Stock | 699,898 | |||||||
|
| |||||||
Preferred Stock 0.5% |
| |||||||
Banks 0.5% |
| |||||||
GMAC Capital Trust I, Series 2, 6.602%(a) | 121,110 | 3,077,405 | ||||||
|
| |||||||
Total Preferred Stock | 3,077,405 | |||||||
|
| |||||||
Common Stocks 1.1% | ||||||||
Auto Manufacturers 0.7% | ||||||||
General Motors Co. | 132,912 | 4,222,614 | ||||||
|
| |||||||
Oil & Gas 0.2% |
| |||||||
Templar Energy LLC, Cl A*(b) | 159,460 | 1,076,357 | ||||||
|
| |||||||
Telecommunication Services 0.2% |
| |||||||
NII Holding, Inc.*(e) | 284,455 | 947,235 | ||||||
|
| |||||||
Total Common Stocks | 6,246,206 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Money Market Funds 11.2% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(l) | 18,281,809 | 18,281,809 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(l)(m) | 44,739,243 | 44,739,243 | ||||||
|
| |||||||
Total Money Market Funds | 63,021,052 | |||||||
|
| |||||||
Total Investments | 604,453,413 | |||||||
Liabilities in Excess of Other | (39,488,219 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 564,965,194 | ||||||
|
|
* | Non-income producing security. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(b) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(c) | The security does not have a stated settlement date and will receive a rate upon settling with the custodian. |
(d) | 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 41.8% of net assets as of September 30, 2016. |
(e) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $51,380,874. |
(f) | Less than 0.05% of Net Assets. |
(g) | Perpetual maturity. |
(h) | 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, 2016. |
(i) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(j) | Security is in default. |
(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 yield, is as of September 30, 2016. |
(m) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $54,021,213. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $9,281,970. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(k)). |
Investment Abbreviations
MTN | — | Medium Term Note | ||
PIK | — | Payment in-kind |
See Notes to Financial Statements.
40
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 4.2% | ||||||||
Chemicals 0.7% |
| |||||||
Chemours Co. (The), Term Loan B, 3.750%, 05/12/22(a)(b) | 2,059,604 | 2,037,731 | ||||||
Kraton Polymers LLC, Term Loan B, 6.000%, 01/06/22(a)(b) | 2,220,000 | 2,236,650 | ||||||
|
| |||||||
4,274,381 | ||||||||
|
| |||||||
Diversified Media 0.8% |
| |||||||
Lions Gate Entertainment Corp., Bridge Unsecured Funded, 06/27/17(b)(c)(d) | 1,109,328 | 1,109,328 | ||||||
Lions Gate Entertainment Corp., Bridge Unsecured Term Loan, | 3,845,672 | 3,845,672 | ||||||
|
| |||||||
4,955,000 | ||||||||
|
| |||||||
Financials 0.3% |
| |||||||
Walter Investment Management Corp., 2013 Term Loan, | 2,000,000 | 1,826,420 | ||||||
|
| |||||||
Healthcare 0.5% |
| |||||||
Concordia Healthcare Corp., 2015 Term Loan, 5.250%, 10/21/21(a)(b) | 1,542,731 | 1,374,743 | ||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 1,735,000 | 1,736,804 | ||||||
|
| |||||||
3,111,547 | ||||||||
|
| |||||||
Information Technology 0.3% |
| |||||||
Solera LLC, USD Term Loan B, 5.750%, 03/03/23(a)(b) | 1,396,491 | 1,410,163 | ||||||
|
| |||||||
Metals/Minerals 0.3% |
| |||||||
FMG Resources (August 2006) Pty Ltd., New Term Loan B, | 1,440,259 | 1,438,286 | ||||||
|
| |||||||
Retail 0.7% |
| |||||||
Sears Roebuck Acceptance Corp., 2015 Term Loan, | 4,261,343 | 4,168,999 | ||||||
|
| |||||||
Service 0.6% |
| |||||||
Asurion LLC, New Term Loan B1, 5.000%, 05/24/19(a)(b) | 2,058,873 | 2,064,885 |
Shares or Principal Amount($) | Value($) | |||||||
Service—continued |
| |||||||
Laureate Education, Inc., 2016 Term Loan, 8.157%, 03/17/21(a)(b) | 1,626,283 | 1,616,118 | ||||||
|
| |||||||
3,681,003 | ||||||||
|
| |||||||
Total Bank Loans | 24,865,799 | |||||||
|
| |||||||
Corporate Bonds 90.0% |
| |||||||
Advertising 0.2% |
| |||||||
MDC Partners, Inc., | 1,340,000 | 1,239,500 | ||||||
|
| |||||||
Aerospace/Defense 0.5% |
| |||||||
TransDigm, Inc., 6.000%, 07/15/22 | 1,355,000 | 1,429,525 | ||||||
TransDigm, Inc., 7.500%, 07/15/21 | 1,265,000 | 1,340,900 | ||||||
|
| |||||||
2,770,425 | ||||||||
|
| |||||||
Airlines 2.4% |
| |||||||
Air Canada, 6.750%, 10/01/19(b) | 2,600,000 | 2,684,500 | ||||||
Air Canada, 8.750%, 04/01/20(b) | 560,000 | 604,800 | ||||||
Air Canada Pass Through Trust, Series 2013-1, Cl C, 6.625%, 05/15/18(b) | 790,000 | 821,600 | ||||||
Air Canada Pass Through Trust, Series 2015-1, Cl C, 5.000%, 03/15/20(b) | 490,000 | 494,900 | ||||||
American Airlines Pass Through Trust, Series 2013-2, Cl B, | 3,237,152 | 3,386,870 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl B, 4.750%, 10/11/23 | 3,099,980 | 3,169,729 | ||||||
US Airways Pass Through Trust, Series 2012-2, Cl B, 6.750%, 12/03/22 | 2,610,711 | 2,839,149 | ||||||
|
| |||||||
14,001,548 | ||||||||
|
| |||||||
Auto Parts & Equipment 0.7% |
| |||||||
Allison Transmission, Inc., 5.000%, 10/01/24(b) | 2,010,000 | 2,060,250 | ||||||
Deck Chassis Acquisition, Inc., 10.000%, 06/15/23(b) | 1,110,000 | 1,165,500 | ||||||
TI Group Automotive Systems LLC, 8.750%, 07/15/23(b) | 1,080,000 | 1,174,500 | ||||||
|
| |||||||
4,400,250 | ||||||||
|
|
See Notes to Financial Statements.
41
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Banks 1.2% |
| |||||||
CIT Group, Inc., 5.375%, 05/15/20 | 1,452,000 | 1,551,825 | ||||||
Provident Funding Associates LP/PFG Finance Corp., 6.750%, 06/15/21(b) | 4,320,000 | 4,357,800 | ||||||
Royal Bank of Scotland Group PLC, 8.625%(a)(f) | 1,295,000 | 1,267,481 | ||||||
|
| |||||||
7,177,106 | ||||||||
|
| |||||||
Building Materials 1.0% |
| |||||||
Eagle Materials, Inc., 4.500%, 08/01/26 | 600,000 | 608,049 | ||||||
Summit Materials LLC/Summit Materials Finance Corp., 8.500%, 04/15/22(b) | 1,585,000 | 1,727,650 | ||||||
USG Corp., 5.875%, 11/01/21(b) | 3,385,000 | 3,541,556 | ||||||
|
| |||||||
5,877,255 | ||||||||
|
| |||||||
Chemicals 1.9% |
| |||||||
Axalta Coating Systems LLC, 4.875%, 08/15/24(b) | 840,000 | 860,475 | ||||||
Blue Cube Spinco, Inc., 9.750%, 10/15/23(b)(e) | 2,285,000 | 2,684,875 | ||||||
Blue Cube Spinco, Inc., 10.000%, 10/15/25(b) | 130,000 | 153,400 | ||||||
Chemours Co. (The), 7.000%, 05/15/25 | 1,730,000 | 1,699,725 | ||||||
GCP Applied Technologies, Inc., 9.500%, 02/01/23(b) | 1,005,000 | 1,148,162 | ||||||
INEOS Group Holdings SA, 5.625%, 08/01/24(b)(e) | 1,150,000 | 1,128,438 | ||||||
Platform Specialty Products Corp., 10.375%, 05/01/21(b) | 2,175,000 | 2,343,562 | ||||||
Valvoline, Inc., 5.500%, 07/15/24(b) | 1,107,000 | 1,159,583 | ||||||
|
| |||||||
11,178,220 | ||||||||
|
| |||||||
Coal 1.0% |
| |||||||
CONSOL Energy, Inc., 5.875%, 04/15/22 | 3,124,000 | 2,874,080 | ||||||
CONSOL Energy, Inc., 8.000%, 04/01/23 | 3,015,000 | 2,924,550 | ||||||
|
| |||||||
5,798,630 | ||||||||
|
| |||||||
Commercial Services 2.5% |
| |||||||
Flexi-Van Leasing, Inc., 7.875%, 08/15/18(b) | 1,600,000 | 1,444,000 | ||||||
Hertz Corp. (The), 4.250%, 04/01/18 | 160,000 | 164,000 | ||||||
Hertz Corp. (The), 6.750%, 04/15/19 | 1,322,000 | 1,351,897 |
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services—continued |
| |||||||
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.250%, 05/15/23(b) | 1,318,000 | 1,436,620 | ||||||
Quad/Graphics, Inc., 7.000%, 05/01/22 | 1,790,000 | 1,718,400 | ||||||
Rent-A-Center, Inc., 4.750%, 05/01/21 | 660,000 | 557,700 | ||||||
Rent-A-Center, Inc., 6.625%, 11/15/20(e) | 535,000 | 516,275 | ||||||
TMS International Corp., 7.625%, 10/15/21(g)(h) | 5,965,000 | 5,100,075 | ||||||
United Rentals North America, Inc., 7.625%, 04/15/22 | 2,530,000 | 2,694,450 | ||||||
|
| |||||||
14,983,417 | ||||||||
|
| |||||||
Computers 2.8% |
| |||||||
Harland Clarke Holdings Corp., 6.875%, 03/01/20(b) | 5,195,000 | 4,961,225 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(b) | 7,474,000 | 7,679,535 | ||||||
Seagate HDD Cayman, 4.750%, 01/01/25 | 1,330,000 | 1,256,850 | ||||||
Western Digital Corp., | 795,000 | 874,500 | ||||||
Western Digital Corp., 10.500%, 04/01/24(b)(e) | 1,745,000 | 2,024,200 | ||||||
|
| |||||||
16,796,310 | ||||||||
|
| |||||||
Distribution/Wholesale 0.3% |
| |||||||
Univar USA, Inc., 6.750%, 07/15/23(b) | 1,970,000 | 2,029,100 | ||||||
|
| |||||||
Diversified Financial Services 11.0% |
| |||||||
Alliance Data Systems Corp., 5.375%, 08/01/22(b) | 1,395,000 | 1,360,125 | ||||||
Ally Financial, Inc., 7.500%, 09/15/20 | 5,201,000 | 5,916,137 | ||||||
Ally Financial, Inc., 8.000%, 03/15/20 | 5,673,000 | 6,481,402 | ||||||
BCD Acquisition, Inc., | 1,040,000 | 1,086,800 | ||||||
ILFC E-Capital Trust I, | 6,750,000 | 5,400,000 | ||||||
International Lease Finance Corp., 8.250%, 12/15/20 | 5,890,000 | 6,994,375 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.375%, 04/01/20(b) | 2,340,000 | 2,281,500 | ||||||
Jefferies Group, Inc., | 1,320,000 | 1,519,575 |
See Notes to Financial Statements.
42
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services—continued |
| |||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 08/01/18 | 4,980,000 | 5,060,925 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 07/01/21 | 5,300,000 | 5,194,000 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 7.875%, 10/01/20 | 2,055,000 | 2,088,291 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 9.625%, 05/01/19(e) | 955,000 | 1,000,363 | ||||||
Navient Corp., 4.875%, 06/17/19, MTN | 2,000,000 | 1,992,500 | ||||||
Navient Corp., 5.000%, 10/26/20 | 1,690,000 | 1,666,763 | ||||||
Navient Corp., 5.500%, 01/15/19, MTN | 735,000 | 746,025 | ||||||
Navient Corp., 8.000%, 03/25/20, MTN | 1,545,000 | 1,657,013 | ||||||
Navient Corp., 8.450%, 06/15/18, MTN | 1,900,000 | 2,042,500 | ||||||
OneMain Financial Holdings LLC, 7.250%, 12/15/21(b) | 1,540,000 | 1,618,925 | ||||||
Quicken Loans, Inc., | 5,700,000 | 5,657,250 | ||||||
Springleaf Finance Corp., 8.250%, 12/15/20 | 2,035,000 | 2,233,412 | ||||||
Springleaf Finance Corp., 8.250%, 10/01/23 | 1,165,000 | 1,223,250 | ||||||
Walter Investment Management Corp., 7.875%, 12/15/21(e) | 2,585,000 | 1,719,025 | ||||||
|
| |||||||
64,940,156 | ||||||||
|
| |||||||
Electric 1.7% |
| |||||||
Calpine Corp., 5.750%, 01/15/25(e) | 900,000 | 888,750 | ||||||
Calpine Corp., 5.875%, 01/15/24(b)(e) | 1,405,000 | 1,484,031 | ||||||
Dynegy, Inc., 6.750%, 11/01/19 | 3,670,000 | 3,761,750 | ||||||
NRG Energy, Inc., 7.250%, 05/15/26(b) | 1,570,000 | 1,597,475 | ||||||
NRG Energy, Inc., 7.875%, 05/15/21 | 542,000 | 566,390 | ||||||
NRG Yield Operating LLC, 5.000%, 09/15/26(b) | 1,060,000 | 1,038,800 | ||||||
NRG Yield Operating LLC, 5.375%, 08/15/24(e) | 685,000 | 703,838 | ||||||
|
| |||||||
10,041,034 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Electrical Components & Equipment 0.3% |
| |||||||
WESCO Distribution, Inc., 5.375%, 06/15/24(b) | 1,590,000 | 1,593,975 | ||||||
|
| |||||||
Electronics 0.3% |
| |||||||
Allegion PLC, 5.875%, 09/15/23 | 1,563,000 | 1,684,133 | ||||||
|
| |||||||
Entertainment 1.2% |
| |||||||
EMI Music Publishing Group North America Holdings, Inc., 7.625%, 06/15/24(b) | 771,000 | 833,644 | ||||||
Greektown Holdings LLC/Greektown Mothership Corp., | 2,590,000 | 2,738,925 | ||||||
National CineMedia LLC, 5.750%, 08/15/26(b) | 1,040,000 | 1,079,000 | ||||||
WMG Acquisition Corp., 5.000%, 08/01/23(b) | 600,000 | 609,000 | ||||||
WMG Acquisition Corp., 5.625%, 04/15/22(b) | 1,565,000 | 1,619,775 | ||||||
|
| |||||||
6,880,344 | ||||||||
|
| |||||||
Environmental Control 0.3% |
| |||||||
GFL Environmental, Inc., 9.875%, 02/01/21(b) | 1,769,000 | 1,937,055 | ||||||
|
| |||||||
Food 1.6% |
| |||||||
JBS USA LLC/JBS USA Finance, Inc., 5.750%, 06/15/25(b) | 1,745,000 | 1,714,462 | ||||||
JBS USA LLC/JBS USA Finance, Inc., 8.250%, 02/01/20(b) | 2,115,000 | 2,181,094 | ||||||
Pilgrim’s Pride Corp., | 1,105,000 | 1,138,150 | ||||||
Post Holdings, Inc., | 2,045,000 | 2,340,247 | ||||||
US Foods, Inc., 5.875%, 06/15/24(b) | 2,190,000 | 2,272,125 | ||||||
|
| |||||||
9,646,078 | ||||||||
|
| |||||||
Forest Products & Paper 0.3% |
| |||||||
Resolute Forest Products, Inc., 5.875%, 05/15/23 | 1,672,000 | 1,450,460 | ||||||
|
| |||||||
Healthcare-Products 0.7% |
| |||||||
Hologic, Inc., 5.250%, 07/15/22(b) | 1,050,000 | 1,114,313 | ||||||
Kinetic Concepts, Inc./KCI USA, Inc., 7.875%, 02/15/21(b) | 1,026,000 | 1,110,645 | ||||||
Teleflex, Inc., 5.250%, 06/15/24 | 1,569,000 | 1,635,682 | ||||||
|
| |||||||
3,860,640 | ||||||||
|
|
See Notes to Financial Statements.
43
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Healthcare-Services 6.6% |
| |||||||
Centene Corp., 5.625%, 02/15/21 | 3,805,000 | 4,033,300 | ||||||
CHS/Community Health Systems, Inc., 5.125%, 08/15/18 | 253,000 | 255,530 | ||||||
CHS/Community Health Systems, Inc., 5.125%, 08/01/21 | 3,190,000 | 3,166,075 | ||||||
CHS/Community Health Systems, Inc., 8.000%, 11/15/19(e) | 3,160,000 | 3,096,800 | ||||||
DaVita HealthCare Partners, Inc., 5.750%, 08/15/22 | 2,105,000 | 2,204,988 | ||||||
DaVita, Inc., 5.000%, 05/01/25 | 1,715,000 | 1,721,431 | ||||||
HCA Holdings, Inc., 6.250%, 02/15/21 | 3,028,000 | 3,285,380 | ||||||
HCA, Inc., 5.250%, 06/15/26 | 2,710,000 | 2,879,375 | ||||||
HCA, Inc., 6.500%, 02/15/20 | 3,635,000 | 4,025,762 | ||||||
inVentiv Health, Inc., | 2,735,000 | 2,808,503 | ||||||
Kindred Healthcare, Inc., 8.000%, 01/15/20 | 2,415,000 | 2,457,263 | ||||||
LifePoint Health, Inc., 5.875%, 12/01/23 | 930,000 | 964,875 | ||||||
Tenet Healthcare Corp., 4.750%, 06/01/20 | 1,695,000 | 1,720,425 | ||||||
Tenet Healthcare Corp., 6.000%, 10/01/20 | 5,075,000 | 5,366,812 | ||||||
WellCare Health Plans, Inc., 5.750%, 11/15/20 | 1,370,000 | 1,414,525 | ||||||
|
| |||||||
39,401,044 | ||||||||
|
| |||||||
Home Builders 3.9% |
| |||||||
Brookfield Residential Properties, Inc., 6.500%, 12/15/20(b) | 425,000 | 439,875 | ||||||
CalAtlantic Group, Inc., 5.875%, 11/15/24 | 1,326,000 | 1,418,820 | ||||||
DR Horton, Inc., 4.000%, 02/15/20 | 1,895,000 | 1,996,856 | ||||||
DR Horton, Inc., 5.750%, 08/15/23 | 590,000 | 675,550 | ||||||
Lennar Corp., 4.750%, 04/01/21 | 2,594,000 | 2,762,610 | ||||||
Mattamy Group Corp., | 1,735,000 | 1,729,578 | ||||||
PulteGroup, Inc., 4.250%, 03/01/21 | 4,137,000 | 4,343,850 | ||||||
PulteGroup, Inc., 5.500%, 03/01/26 | 1,920,000 | 2,016,000 |
Shares or Principal Amount($) | Value($) | |||||||
Home Builders—continued |
| |||||||
Shea Homes LP/Shea Homes Funding Corp., 5.875%, 04/01/23(b) | 1,755,000 | 1,755,000 | ||||||
Shea Homes LP/Shea Homes Funding Corp., 6.125%, 04/01/25(b) | 1,755,000 | 1,746,225 | ||||||
Taylor Morrison Communities, Inc./Monarch Communities, Inc., 5.250%, 04/15/21(b) | 820,000 | 846,650 | ||||||
TRI Pointe Group, Inc., 4.875%, 07/01/21 | 3,390,000 | 3,474,750 | ||||||
|
| |||||||
23,205,764 | ||||||||
|
| |||||||
Home Furnishings 0.2% |
| |||||||
Tempur Sealy International, Inc., 5.500%, 06/15/26(b) | 1,345,000 | 1,385,350 | ||||||
|
| |||||||
Household Products/Wares 0.2% |
| |||||||
Century Intermediate Holding Co. 2, PIK, 9.750%, 02/15/19(b) | 1,368,000 | 1,395,360 | ||||||
|
| |||||||
Insurance 2.2% |
| |||||||
MGIC Investment Corp., 5.750%, 08/15/23 | 2,730,000 | 2,839,200 | ||||||
Radian Group, Inc., 5.500%, 06/01/19(e) | 3,549,000 | 3,753,067 | ||||||
Radian Group, Inc., 7.000%, 03/15/21 | 2,702,000 | 3,029,618 | ||||||
Sirius International Group Ltd., | 3,570,000 | 3,592,848 | ||||||
|
| |||||||
13,214,733 | ||||||||
|
| |||||||
Internet 0.0%(i) |
| |||||||
Cogent Communications Group, Inc., 5.375%, 03/01/22(b) | 235,000 | 242,050 | ||||||
|
| |||||||
Iron/Steel 0.5% |
| |||||||
Steel Dynamics, Inc., 5.125%, 10/01/21 | 2,285,000 | 2,373,544 | ||||||
Steel Dynamics, Inc., 6.125%, 08/15/19 | 719,000 | 741,469 | ||||||
|
| |||||||
3,115,013 | ||||||||
|
| |||||||
Leisure Time 0.7% |
| |||||||
NCL Corp. Ltd., 4.625%, 11/15/20(b) | 1,295,000 | 1,295,000 | ||||||
NCL Corp. Ltd., 5.250%, 11/15/19(b) | 1,285,000 | 1,297,850 | ||||||
Viking Cruises Ltd., 8.500%, 10/15/22(b) | 1,580,000 | 1,619,500 | ||||||
|
| |||||||
4,212,350 | ||||||||
|
|
See Notes to Financial Statements.
44
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Lodging 1.6% |
| |||||||
Caesars Entertainment Resort Properties LLC, 8.000%, 10/01/20 | 1,150,000 | 1,188,813 | ||||||
Dakota Merger Sub, Inc., 7.750%, 09/01/23(b) | 1,765,000 | 1,767,206 | ||||||
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(b)(h) | 1,680,000 | 1,696,800 | ||||||
MGM Resorts International, 6.000%, 03/15/23(e) | 3,090,000 | 3,352,650 | ||||||
MGM Resorts International, 6.750%, 10/01/20 | 1,305,000 | 1,461,600 | ||||||
|
| |||||||
9,467,069 | ||||||||
|
| |||||||
Media 6.4% |
| |||||||
Altice Financing SA, | 2,140,000 | 2,257,700 | ||||||
Altice Finco SA, 7.625%, 02/15/25(b)(e) | 1,675,000 | 1,683,375 | ||||||
Altice Luxembourg SA, 7.750%, 05/15/22(b)(e) | 2,205,000 | 2,353,837 | ||||||
Cablevision Systems Corp., 8.000%, 04/15/20(e) | 2,140,000 | 2,241,650 | ||||||
CCO Holdings LLC/Cap Corp., 5.750%, 09/01/23 | 2,485,000 | 2,630,994 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp., 5.750%, 02/15/26(b)(e) | 2,190,000 | 2,321,400 | ||||||
Clear Channel Worldwide Holdings, Inc., Series B, 6.500%, 11/15/22 | 1,350,000 | 1,405,688 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 3,330,000 | 3,454,875 | ||||||
DISH DBS Corp., 6.750%, 06/01/21 | 1,020,000 | 1,101,600 | ||||||
DISH DBS Corp., 7.750%, 07/01/26(b) | 1,340,000 | 1,423,750 | ||||||
DISH DBS Corp., 7.875%, 09/01/19 | 3,645,000 | 4,082,400 | ||||||
Lee Enterprises, Inc., | 2,170,000 | 2,240,525 | ||||||
Neptune Finco Corp., | 1,125,000 | 1,220,625 | ||||||
Neptune Finco Corp., | 350,000 | 403,375 | ||||||
Neptune Finco Corp., | 2,050,000 | 2,398,500 | ||||||
Numericable-SFR SA, | 1,550,000 | 1,584,394 |
Shares or Principal Amount($) | Value($) | |||||||
Media—continued |
| |||||||
Univision Communications, Inc., 5.125%, 05/15/23(b) | 1,655,000 | 1,675,687 | ||||||
Univision Communications, Inc., 6.750%, 09/15/22(b) | 1,495,000 | 1,586,569 | ||||||
Ziggo Bond Finance BV, 5.875%, 01/15/25(b) | 815,000 | 815,000 | ||||||
Ziggo Secured Finance BV, 5.500%, 01/15/27(b) | 1,105,000 | 1,103,619 | ||||||
|
| |||||||
37,985,563 | ||||||||
|
| |||||||
Metal Fabricate/Hardware 0.4% |
| |||||||
Novelis Corp., 5.875%, 09/30/26(b) | 1,070,000 | 1,095,412 | ||||||
Novelis Corp., 6.250%, 08/15/24(b) | 935,000 | 992,269 | ||||||
|
| |||||||
2,087,681 | ||||||||
|
| |||||||
Mining 0.6% |
| |||||||
Imperial Metals Corp., | 2,314,000 | 2,175,160 | ||||||
Kaiser Aluminum Corp., 5.875%, 05/15/24 | 1,355,000 | 1,415,975 | ||||||
|
| |||||||
3,591,135 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.7% |
| |||||||
Bombardier, Inc., 7.500%, 03/15/18(b) | 4,180,000 | 4,409,900 | ||||||
|
| |||||||
Office/Business Equipment 0.3% |
| |||||||
CDW LLC/CDW Finance Corp., 6.000%, 08/15/22 | 1,730,000 | 1,842,450 | ||||||
|
| |||||||
Oil & Gas 6.6% |
| |||||||
Antero Resources Corp., 6.000%, 12/01/20 | 3,975,000 | 4,107,924 | ||||||
Atwood Oceanics, Inc., 6.500%, 02/01/20(e) | 1,223,000 | 963,113 | ||||||
Callon Petroleum Co., | 1,045,000 | 1,081,575 | ||||||
Cheniere Corpus Christi Holdings LLC, 7.000%, 06/30/24(b) | 1,075,000 | 1,161,000 | ||||||
Chesapeake Energy Corp., 5.750%, 03/15/23(e) | 950,000 | 807,500 | ||||||
Chesapeake Energy Corp., 6.625%, 08/15/20 | 790,000 | 743,588 | ||||||
Chesapeake Energy Corp., 6.875%, 11/15/20 | 3,675,000 | 3,436,125 | ||||||
Chesapeake Energy Corp., 8.000%, 12/15/22(b)(e) | 2,550,000 | 2,585,062 | ||||||
CITGO Petroleum Corp., 6.250%, 08/15/22(b) | 1,670,000 | 1,628,250 |
See Notes to Financial Statements.
45
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
Continental Resources, Inc., 7.125%, 04/01/21 | 70,000 | 72,100 | ||||||
Diamondback Energy, Inc., 7.625%, 10/01/21(e) | 1,440,000 | 1,526,400 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co., 7.625%, 04/15/21(b) | 3,650,000 | 3,750,375 | ||||||
MEG Energy Corp., 6.500%, 03/15/21(b) | 1,515,000 | 1,236,619 | ||||||
Oasis Petroleum, Inc., | 1,925,000 | 1,949,062 | ||||||
PBF Holding Co. LLC/PBF Finance Corp., 7.000%, 11/15/23(b) | 1,745,000 | 1,644,662 | ||||||
Precision Drilling Corp., 5.250%, 11/15/24 | 432,000 | 352,080 | ||||||
Precision Drilling Corp., 6.625%, 11/15/20 | 1,491,588 | 1,383,448 | ||||||
Range Resources Corp., 5.750%, 06/01/21(b) | 2,860,000 | 2,895,750 | ||||||
Rice Energy, Inc., 6.250%, 05/01/22 | 430,000 | 443,975 | ||||||
Rice Energy, Inc., 7.250%, 05/01/23(e) | 1,590,000 | 1,701,300 | ||||||
RSP Permian, Inc., 6.625%, 10/01/22 | 1,055,000 | 1,105,113 | ||||||
Seven Generations Energy Ltd., 6.750%, 05/01/23(b)(e) | 2,168,000 | 2,249,300 | ||||||
Southwestern Energy Co., 7.500%, 02/01/18(e) | 722,000 | 756,295 | ||||||
Sunoco LP/Sunoco Finance Corp., 6.250%, 04/15/21(b) | 1,570,000 | 1,617,100 | ||||||
|
| |||||||
39,197,716 | ||||||||
|
| |||||||
Oil & Gas Services 0.8% |
| |||||||
FTS International, Inc., | 1,420,000 | 1,206,148 | ||||||
KCA Deutag UK Finance PLC, 7.250%, 05/15/21(g) | 1,800,000 | 1,476,000 | ||||||
SESI LLC, 6.375%, 05/01/19 | 2,045,000 | 2,029,663 | ||||||
|
| |||||||
4,711,811 | ||||||||
|
| |||||||
Packaging & Containers 1.8% |
| |||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., | 1,275,000 | 1,281,375 | ||||||
Ball Corp., 4.375%, 12/15/20 | 2,885,000 | 3,079,737 | ||||||
Berry Plastics Corp., 5.500%, 05/15/22 | 1,385,000 | 1,433,475 | ||||||
Berry Plastics Corp., | 1,305,000 | 1,376,775 |
Shares or Principal Amount($) | Value($) | |||||||
Packaging & Containers—continued |
| |||||||
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, 5.125%, 07/15/23(b) | 2,248,000 | 2,321,060 | ||||||
Sealed Air Corp., 6.500%, 12/01/20(b) | 1,180,000 | 1,349,625 | ||||||
|
| |||||||
10,842,047 | ||||||||
|
| |||||||
Pharmaceuticals 2.7% |
| |||||||
Endo Finance LLC/Endo Finco, Inc., 7.250%, 01/15/22(b) | 2,070,000 | 1,987,200 | ||||||
Endo Finance LLC/Endo Ltd./Endo Finco, Inc., 6.000%, 07/15/23(b)(e) | 1,060,000 | 964,600 | ||||||
Horizon Pharma, Inc., | 1,000,000 | 942,500 | ||||||
Quintiles Transnational Corp., 4.875%, 05/15/23(b) | 1,660,000 | 1,705,650 | ||||||
Valeant Pharmaceuticals International, 6.750%, 08/15/21(b) | 1,680,000 | 1,579,200 | ||||||
Valeant Pharmaceuticals International, 7.000%, 10/01/20(b)(h) | 4,865,000 | 4,719,050 | ||||||
Valeant Pharmaceuticals International, Inc., 6.750%, 08/15/18(b)(e) | 1,990,000 | 1,999,950 | ||||||
Valeant Pharmaceuticals International, Inc., 7.500%, 07/15/21(b) | 2,210,000 | 2,139,501 | ||||||
|
| |||||||
16,037,651 | ||||||||
|
| |||||||
Pipelines 4.8% |
| |||||||
Access Midstream Partners LP/ACMP Finance Corp., 6.125%, 07/15/22 | 1,615,000 | 1,676,751 | ||||||
Holly Energy Partners LP/Holly Energy Finance Corp., 6.000%, 08/01/24(b) | 1,415,000 | 1,464,525 | ||||||
Kinder Morgan Energy Partners LP, 9.000%, 02/01/19 | 3,420,000 | 3,919,713 | ||||||
Rockies Express Pipeline LLC, 5.625%, 04/15/20(b) | 730,000 | 770,150 | ||||||
Rockies Express Pipeline LLC, 6.000%, 01/15/19(b) | 2,650,000 | 2,782,500 | ||||||
Rockies Express Pipeline LLC, 6.850%, 07/15/18(b) | 1,105,000 | 1,163,013 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 02/01/21(h) | 7,955,000 | 8,402,469 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 04/15/23 | 1,515,000 | 1,617,262 |
See Notes to Financial Statements.
46
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Pipelines—continued |
| |||||||
Sabine Pass Liquefaction LLC, 5.625%, 03/01/25(e) | 605,000 | 650,375 | ||||||
Sabine Pass Liquefaction LLC, 5.875%, 06/30/26(b) | 2,150,000 | 2,336,781 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.500%, 10/15/19(e) | 2,591,000 | 2,759,415 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 6.125%, 10/15/21 | 789,000 | 824,505 | ||||||
|
| |||||||
28,367,459 | ||||||||
|
| |||||||
Private Equity 0.5% |
| |||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.000%, 08/01/20 | 2,710,000 | 2,723,550 | ||||||
|
| |||||||
Real Estate 2.3% |
| |||||||
Greystar Real Estate Partners LLC, 8.250%, 12/01/22(b) | 326,000 | 345,560 | ||||||
Howard Hughes Corp. (The), 6.875%, 10/01/21(b) | 5,790,000 | 6,086,737 | ||||||
Realogy Group LLC/Realogy Co-Issuer Corp., 4.875%, 06/01/23(b) | 3,545,000 | 3,602,606 | ||||||
Realogy Group LLC/Realogy Co-Issuer Corp., 5.250%, 12/01/21(b) | 3,329,000 | 3,502,721 | ||||||
|
| |||||||
13,537,624 | ||||||||
|
| |||||||
Real Estate Investment Trust 3.2% |
| |||||||
Care Capital Properties LP, 5.125%, 08/15/26(b) | 1,445,000 | 1,444,760 | ||||||
iStar, Inc., 5.000%, 07/01/19 | 1,100,000 | 1,097,118 | ||||||
iStar, Inc., 6.500%, 07/01/21 | 3,775,000 | 3,831,625 | ||||||
iStar, Inc., 7.125%, 02/15/18 | 5,030,000 | 5,243,775 | ||||||
iStar, Inc., 9.000%, 06/01/17 | 1,990,000 | 2,059,650 | ||||||
VEREIT Operating Partnership LP, 4.125%, 06/01/21 | 2,197,000 | 2,268,402 | ||||||
VEREIT Operating Partnership LP, 4.875%, 06/01/26 | 2,727,000 | 2,880,394 | ||||||
|
| |||||||
18,825,724 | ||||||||
|
| |||||||
Retail 1.6% |
| |||||||
Dollar Tree, Inc., 5.750%, 03/01/23 | 1,525,000 | 1,641,281 | ||||||
Family Dollar Stores, Inc., 5.000%, 02/01/21 | 390,000 | 420,225 | ||||||
Men’s Wearhouse, Inc. (The), 7.000%, 07/01/22 | 2,870,000 | 2,669,100 | ||||||
New Albertsons, Inc., 7.450%, 08/01/29 | 1,126,000 | 1,103,480 |
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued |
| |||||||
Rite Aid Corp., 6.125%, 04/01/23(b) | 3,175,000 | 3,426,365 | ||||||
|
| |||||||
9,260,451 | ||||||||
|
| |||||||
Semiconductors 0.3% |
| |||||||
NXP BV/NXP Funding LLC, 4.125%, 06/01/21(b) | 1,475,000 | 1,580,094 | ||||||
|
| |||||||
Software 1.7% |
| |||||||
Donnelley Financial Solutions, Inc., 8.250%, 10/15/24(b) | 1,730,000 | 1,751,625 | ||||||
First Data Corp., 5.375%, 08/15/23(b) | 2,640,000 | 2,719,200 | ||||||
First Data Corp., 6.750%, 11/01/20(b) | 2,020,000 | 2,090,700 | ||||||
First Data Corp., 7.000%, 12/01/23(b)(e) | 1,565,000 | 1,654,988 | ||||||
IMS Health, Inc., 5.000%, 10/15/26(b) | 2,015,000 | 2,095,600 | ||||||
|
| |||||||
10,312,113 | ||||||||
|
| |||||||
Telecommunication Services 6.8% |
| |||||||
CenturyLink, Inc., Series Y, 7.500%, 04/01/24(e) | 2,115,000 | 2,257,763 | ||||||
Cincinnati Bell, Inc., 7.000%, 07/15/24(b) | 1,480,000 | 1,517,000 | ||||||
CommScope Technologies Finance LLC, 6.000%, 06/15/25(b) | 1,665,000 | 1,775,306 | ||||||
Frontier Communications Corp., 11.000%, 09/15/25(e) | 2,045,000 | 2,134,469 | ||||||
Level 3 Financing, Inc., 5.125%, 05/01/23 | 620,000 | 638,600 | ||||||
Level 3 Financing, Inc., 5.375%, 08/15/22 | 1,330,000 | 1,389,850 | ||||||
Level 3 Financing, Inc., 5.375%, 05/01/25 | 790,000 | 823,575 | ||||||
Level 3 Financing, Inc., 6.125%, 01/15/21 | 5,500,000 | 5,706,250 | ||||||
Sprint Communications, Inc., 9.000%, 11/15/18(b) | 2,430,000 | 2,682,113 | ||||||
Sprint Communications, Inc., 11.500%, 11/15/21 | 2,810,000 | 3,210,425 | ||||||
Sprint Corp., 7.625%, 02/15/25 | 1,495,000 | 1,480,050 | ||||||
T-Mobile USA, Inc., 6.542%, 04/28/20 | 1,655,000 | 1,710,856 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 4,865,000 | 5,120,412 | ||||||
ViaSat, Inc., 6.875%, 06/15/20 | 5,285,000 | 5,476,581 | ||||||
West Corp., 4.750%, 07/15/21(b) | 2,845,000 | 2,930,350 |
See Notes to Financial Statements.
47
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix High Yield Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
West Corp., 5.375%, 07/15/22(b) | 1,745,000 | 1,710,100 | ||||||
|
| |||||||
40,563,700 | ||||||||
|
| |||||||
Transportation 0.7% |
| |||||||
Florida East Coast Holdings Corp., 6.750%, 05/01/19(b) | 2,790,000 | 2,859,750 | ||||||
Hornbeck Offshore Services, Inc., 1.500%, 09/01/19(g) | 1,775,000 | 1,011,750 | ||||||
|
| |||||||
3,871,500 | ||||||||
|
| |||||||
Total Corporate Bonds (Cost $517,120,420) | 533,672,538 | |||||||
|
| |||||||
Common Stocks 0.2% |
| |||||||
Oil & Gas 0.1% |
| |||||||
Templar Energy LLC, Cl A*(d) | 134,055 | 904,868 | ||||||
|
| |||||||
Telecommunication Services 0.1% |
| |||||||
NII Holding, Inc.*(e) | 174,597 | 581,408 | ||||||
|
| |||||||
Total Common Stocks | 1,486,276 | |||||||
|
| |||||||
Money Market Funds 10.9% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(j) | 29,834,586 | 29,834,586 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(j)(k) | 34,593,810 | 34,593,810 | ||||||
|
| |||||||
Total Money Market Funds | 64,428,396 | |||||||
|
| |||||||
Total Investments | 624,453,009 | |||||||
Liabilities in Excess of Other | (31,439,850 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 593,013,159 | ||||||
|
|
* | Non-income producing security. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(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 43.8% of net assets as of September 30, 2016. |
(c) | The security does not have a stated settlement date and will receive a rate upon settling with the custodian. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $40,954,102. |
(f) | Perpetual maturity. |
(g) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(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) | Less than 0.05% of Net Assets. |
(j) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(k) | Purchased with cash collateral held from securities lending. The total value of the collateral held by the Fund was $42,724,800. The total value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,130,990. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(k)). |
Investment Abbreviations
MTN | — | Medium Term Note | ||
PIK | — | Payment in-kind |
See Notes to Financial Statements.
48
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 94.6% | ||||||||
Alabama 2.5% |
| |||||||
Birmingham, Series A, GO, 0.000%, 03/01/27(a) | 2,500,000 | 2,947,450 | ||||||
Birmingham, Series A, GO, 0.000%, 03/01/37(a) | 3,000,000 | 3,416,610 | ||||||
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, | 9,000,000 | 10,196,370 | ||||||
|
| |||||||
16,560,430 | ||||||||
|
| |||||||
Alaska 7.0% |
| |||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 5.500%, 09/01/23, AGC(b) | 18,000,000 | 20,332,080 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, Pre-refunded 09/01/2019 @ 100, AGC | 9,850,000 | 11,267,513 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC | 5,650,000 | 6,463,092 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/32, AGC | 7,250,000 | 8,293,348 | ||||||
|
| |||||||
46,356,033 | ||||||||
|
| |||||||
Arizona 2.0% |
| |||||||
Arizona Health Facilities Authority, Series F, RB, 0.860%, 01/01/29(c) | 13,190,000 | 13,190,000 | ||||||
|
| |||||||
California 22.4% |
| |||||||
California Health Facilities Financing Authority, Series C, RB, 6.250%, 10/01/24 | 3,500,000 | 3,877,860 | ||||||
California Health Facilities Financing Authority, Series C, RB, 6.500%, 10/01/38(b) | 5,400,000 | 6,008,634 | ||||||
California Infrastructure & Economic Development Bank, RB, 5.000%, 11/01/35 | 2,000,000 | 2,404,800 | ||||||
California State, GO, 4.000%, 09/01/35 | 7,000,000 | 7,864,920 |
Shares or Principal Amount($) | Value($) | |||||||
California—continued |
| |||||||
California State, GO, 4.000%, 09/01/46 | 6,500,000 | 7,224,945 | ||||||
California State, GO, 5.000%, 09/01/34 | 1,000,000 | 1,234,240 | ||||||
California State, GO, 5.000%, 08/01/35 | 1,000,000 | 1,227,310 | ||||||
California State, GO, 5.000%, 09/01/36 | 2,000,000 | 2,464,500 | ||||||
California State, GO, 5.000%, 09/01/45 | 4,980,000 | 6,121,715 | ||||||
California State, GO, 5.000%, 09/01/46 | 4,500,000 | 5,531,670 | ||||||
California State, GO, 6.500%, 04/01/33(b) | 24,500,000 | 27,876,590 | ||||||
California State, Series C, GO, 5.000%, 09/01/32 | 9,950,000 | 12,349,741 | ||||||
Los Angeles California Wastewater System, Series A, RB, 5.750%, 06/01/34, Pre-refunded 06/01/2019 @ 100 | 2,775,000 | 3,126,426 | ||||||
Los Angeles California Wastewater System, Series A, RB, 5.750%, 06/01/34 | 2,225,000 | 2,510,289 | ||||||
Los Angeles Department of Airports, Series A, AMT, RB, 5.000%, 05/15/24 | 3,465,000 | 4,271,895 | ||||||
Los Angeles Department of Airports, Series A, AMT, RB, 5.000%, 05/15/25 | 1,425,000 | 1,785,098 | ||||||
Los Angeles Department of Airports, Series A, AMT, RB, 5.000%, 05/15/26 | 2,500,000 | 3,161,275 | ||||||
Los Angeles Department of Water, Series A, RB, 5.000%, 07/01/34 | 2,645,000 | 3,264,353 | ||||||
Los Angeles Department of Water, Series A, RB, 5.000%, 07/01/36 | 2,000,000 | 2,453,300 | ||||||
Los Angeles Department of Water, Series A, RB, 5.000%, 07/01/37 | 1,000,000 | 1,223,840 | ||||||
Regents of the University of California Medical Center Pooled Revenue, Series L, RB, 5.000%, 05/15/33 | 5,000,000 | 6,213,200 |
See Notes to Financial Statements.
49
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RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
California—continued |
| |||||||
Regents of the University of California Medical Center Pooled Revenue, Series L, RB, 5.000%, 05/15/34 | 3,000,000 | 3,713,250 | ||||||
Regents of the University of California Medical Center Pooled Revenue, Series L, RB, 5.000%, 05/15/35 | 1,500,000 | 1,850,775 | ||||||
San Francisco City & County Airports Commission, AMT, RB, 5.750%, 05/01/24, AGM | 5,000,000 | 5,378,800 | ||||||
University of California, RB, 5.000%, 05/15/34 | 2,000,000 | 2,485,280 | ||||||
University of California, RB, 5.000%, 05/15/35 | 1,500,000 | 1,856,625 | ||||||
University of California, Series O, RB, 5.750%, 05/15/27 | 3,000,000 | 3,379,740 | ||||||
University of California, Series O, RB, 5.750%, 05/15/28(b) | 10,000,000 | 11,265,800 | ||||||
University of California, Series O, RB, 5.750%, 05/15/29(b) | 5,095,000 | 5,739,925 | ||||||
|
| |||||||
147,866,796 | ||||||||
|
| |||||||
District of Columbia 1.4% |
| |||||||
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30(b) | 8,000,000 | 9,134,800 | ||||||
|
| |||||||
Florida 4.7% |
| |||||||
Central Florida Expressway Authority, Series B, RB, 4.000%, 07/01/37(d) | 7,055,000 | 7,648,961 | ||||||
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.000%, 07/01/23 | 2,000,000 | 2,178,060 | ||||||
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.125%, 07/01/25 | 3,000,000 | 3,273,600 | ||||||
Orlando FL Contract Tourist DE, Series A, RB, 5.250%, 11/01/34 | 3,785,000 | 4,590,410 | ||||||
Port St Lucie FL Utility System Revenue, RB, 4.000%, 09/01/33 | 3,160,000 | 3,521,156 | ||||||
Tampa Bay Water, Series A, RB, 5.000%, 10/01/36 | 3,760,000 | 4,681,538 |
Shares or Principal Amount($) | Value($) | |||||||
Florida—continued |
| |||||||
Tampa Bay Water, Series A, RB, 5.000%, 10/01/37 | 4,000,000 | 4,968,200 | ||||||
|
| |||||||
30,861,925 | ||||||||
|
| |||||||
Georgia 0.9% |
| |||||||
Georgia State, Series A, GO, 5.000%, 01/01/26 | 5,000,000 | 6,120,900 | ||||||
|
| |||||||
Hawaii 1.2% |
| |||||||
Hawaii State, Series EE, GO, 5.000%, 11/01/29 | 6,750,000 | 8,135,100 | ||||||
|
| |||||||
Illinois 5.5% |
| |||||||
Chicago O’Hare International Airport, AMT, RB, 4.000%, 01/01/27 | 2,730,000 | 2,944,278 | ||||||
Chicago O’Hare International Airport, RB, 5.000%, 01/01/31 | 9,080,000 | 10,882,743 | ||||||
Chicago O’Hare International Airport, Series A, AMT, RB, 5.000%, 01/01/33 | 2,000,000 | 2,310,980 | ||||||
Chicago O’Hare International Airport, Series B, RB, 5.000%, 01/01/33 | 4,080,000 | 4,859,688 | ||||||
Illinois Finance Authority, RB, 5.000%, 07/01/29 | 10,470,000 | 12,981,125 | ||||||
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38 | 2,000,000 | 2,235,560 | ||||||
|
| |||||||
36,214,374 | ||||||||
|
| |||||||
Indiana 1.0% |
| |||||||
Indiana Finance Authority, Series C, RB, 5.000%, 06/01/27 | 5,000,000 | 6,499,650 | ||||||
|
| |||||||
Kansas 4.8% |
| |||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(b) | 26,090,000 | 29,719,902 | ||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, Series D, RB, 5.000%, 11/15/22 | 2,000,000 | 2,093,000 | ||||||
|
| |||||||
31,812,902 | ||||||||
|
| |||||||
Maryland 5.3% |
| |||||||
Maryland State, GO, 4.000%, 06/01/27 | 14,500,000 | 16,991,680 |
See Notes to Financial Statements.
50
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Maryland—continued |
| |||||||
Maryland State, Series A, GO, 5.000%, 03/01/24 | 3,640,000 | 4,264,478 | ||||||
Maryland State, Series B, GO, 5.000%, 08/01/25 | 5,920,000 | 7,176,520 | ||||||
Montgomery County, Series A, GO, 5.000%, 11/01/27 | 5,000,000 | 6,324,200 | ||||||
|
| |||||||
34,756,878 | ||||||||
|
| |||||||
Massachusetts 3.4% |
| |||||||
Boston Water & Sewer Commission, Series B, RB, 5.000%, 11/01/36 | 1,215,000 | 1,487,950 | ||||||
Commonwealth of Massachusetts, Series A, GO, 5.000%, 04/01/25 | 5,520,000 | 6,477,830 | ||||||
Massachusetts School Building Authority, Series C, RB, 5.000%, 08/15/36 | 5,000,000 | 6,082,500 | ||||||
Massachusetts State College Building Authority, Series B, RB, 5.000%, 05/01/34, ST INTERCEPT | 4,045,000 | 4,829,164 | ||||||
Massachusetts State College Building Authority, Series B, RB, 5.000%, 05/01/39, ST INTERCEPT | 3,250,000 | 3,840,232 | ||||||
|
| |||||||
22,717,676 | ||||||||
|
| |||||||
Michigan 2.7% |
| |||||||
Michigan Finance Authority, RB, 5.000%, 07/01/21 | 14,000,000 | 15,000,860 | ||||||
University of Michigan, RB, 5.000%, 04/01/36 | 2,500,000 | 3,082,850 | ||||||
|
| |||||||
18,083,710 | ||||||||
|
| |||||||
Minnesota 1.2% |
| |||||||
Minnesota State, Series A, GO, 5.000%, 08/01/26 | 6,070,000 | 7,988,727 | ||||||
|
| |||||||
Missouri 0.3% |
| |||||||
Metropolitan St Louis Sewer District, Series B, RB, 5.000%, 05/01/35 | 1,500,000 | 1,834,830 | ||||||
|
| |||||||
New Jersey 0.6% |
| |||||||
New Jersey Health Care Facilities Financing Authority, RB, 5.000%, 07/01/28(d) | 1,990,000 | 2,320,479 | ||||||
New Jersey Health Care Facilities Financing Authority, RB, 5.000%, 07/01/29(d) | 500,000 | 579,350 |
Shares or Principal Amount($) | Value($) | |||||||
New Jersey—continued |
| |||||||
New Jersey Health Care Facilities Financing Authority, RB, 5.000%, 07/01/30(d) | 1,000,000 | 1,152,720 | ||||||
|
| |||||||
4,052,549 | ||||||||
|
| |||||||
New York 11.6% |
| |||||||
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC-CR-AGM | 5,340,000 | 5,755,452 | ||||||
Metropolitan Transportation Authority, RB, 5.000%, 11/15/36 | 5,265,000 | 6,510,172 | ||||||
New York City Transitional Finance Authority, Building Aid, Series S-2, RB, 6.000%, 07/15/38, State Aid Withholding(b) | 7,500,000 | 8,167,200 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 02/01/28 | 5,000,000 | 5,277,750 | ||||||
New York City Water & Sewer System, Series A, RB, 5.750%, 06/15/40, Pre-refunded 06/15/2018 @ 100 | 3,530,000 | 3,822,390 | ||||||
New York City Water & Sewer System, Series A, RB, 5.750%, 06/15/40 | 11,800,000 | 12,792,970 | ||||||
New York State Dormitory Authority, RB, 5.000%, 03/15/28 | 8,000,000 | 10,310,640 | ||||||
New York State Dormitory Authority, Series A, RB, 5.000%, 03/15/28 | 2,500,000 | 3,126,000 | ||||||
New York State Dormitory Authority, Series A, RB, 5.000%, 03/15/34 | 9,000,000 | 11,215,170 | ||||||
Utility Debt Securitization Authority, RB, 5.000%, 12/15/37 | 8,000,000 | 9,812,800 | ||||||
|
| |||||||
76,790,544 | ||||||||
|
| |||||||
North Carolina 1.0% |
| |||||||
Charlotte NC Water & Sewer System Revenue, Series B, RB, 0.810%, 07/01/36(c) | 2,840,000 | 2,840,000 |
See Notes to Financial Statements.
51
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
North Carolina—continued |
| |||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/31(d) | 1,650,000 | 1,990,758 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/33(d) | 1,535,000 | 1,837,810 | ||||||
|
| |||||||
6,668,568 | ||||||||
|
| |||||||
Oregon 0.2% |
| |||||||
Eugene OR Electric Utility System Revenue, Series A, RB, 5.000%, 08/01/30 | 1,000,000 | 1,263,580 | ||||||
|
| |||||||
Pennsylvania 3.6% |
| |||||||
Pennsylvania Economic Development Financing Authority, RB, 5.000%, 07/01/21 | 7,500,000 | 7,889,850 | ||||||
Philadelphia Gas Works Co, RB, 5.000%, 10/01/22 | 1,375,000 | 1,641,558 | ||||||
Philadelphia Gas Works Co, RB, 5.000%, 10/01/26 | 2,000,000 | 2,515,680 | ||||||
Philadelphia Gas Works Co, RB, 5.000%, 10/01/34 | 1,435,000 | 1,718,456 | ||||||
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/23, GO of University | 6,750,000 | 7,499,047 | ||||||
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/24, GO of University | 2,500,000 | 2,775,475 | ||||||
|
| |||||||
24,040,066 | ||||||||
|
| |||||||
Texas 6.4% |
| |||||||
Arlington Higher Education Finance Corp., Series A, RB, 5.000%, 02/15/35, PSF-GTD |
| 1,980,000 |
| 2,384,019 | ||||
Dallas Community College District, GO, 5.000%, 02/15/24 | 5,850,000 | 6,180,057 | ||||||
Dallas Independent School District, GO, 6.375%, 02/15/34, PSF-GTD(b) | 6,000,000 | 6,449,340 | ||||||
Harris County, Series A, RB, 5.000%, 08/15/35 | 2,000,000 | 2,454,720 | ||||||
Harris County, Series A, RB, 5.000%, 08/15/36 | 1,000,000 | 1,224,400 |
Shares or Principal Amount($) | Value($) | |||||||
Texas—continued |
| |||||||
Lower Colorado River Authority, RB, 4.000%, 05/15/42 | 4,795,000 | 5,214,083 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 5.000%, 07/01/35 | 7,100,000 | 8,004,966 | ||||||
Texas State Public Finance Authority, Unemployment Comp., Series B, RB, 4.000%, 07/01/17 | 10,000,000 | 10,177,500 | ||||||
|
| |||||||
42,089,085 | ||||||||
|
| |||||||
Virginia 0.7% |
| |||||||
Henrico County VA Water & Sewer Revenue, RB, 5.000%, 05/01/36 | 1,840,000 | 2,288,445 | ||||||
Henrico County VA Water & Sewer Revenue, RB, 5.000%, 05/01/37 | 1,000,000 | 1,240,790 | ||||||
Henrico County VA Water & Sewer Revenue, RB, 5.000%, 05/01/38 | 1,000,000 | 1,237,870 | ||||||
|
| |||||||
4,767,105 | ||||||||
|
| |||||||
Washington 4.2% |
| |||||||
Energy Northwest, RB, 5.000%, 07/01/24, Pre-refunded 07/01/2018 @ 100 | 965,000 | 1,034,162 | ||||||
Energy Northwest, RB, 5.000%, 07/01/24 | 3,035,000 | 3,239,862 | ||||||
Energy Northwest, Series A, RB, 5.000%, 07/01/26 | 3,250,000 | 4,216,907 | ||||||
Port of Tacoma, Series B, AMT, RB, 5.000%, 12/01/36 | 7,415,000 | 8,820,810 | ||||||
Washington State, Series A, GO, 5.000%, 08/01/24 | 8,880,000 | 10,513,920 | ||||||
|
| |||||||
27,825,661 | ||||||||
|
| |||||||
Total Municipal Bonds | 625,631,889 | |||||||
|
|
See Notes to Financial Statements.
52
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Investment Grade Tax-Exempt Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 5.6% |
| |||||||
Federated Government Obligations Fund, Institutional Shares, 0.26%(e) | 37,259,296 | 37,259,296 | ||||||
|
| |||||||
Total Money Market Fund | 37,259,296 | |||||||
|
| |||||||
Total Investments | 662,891,185 | |||||||
Liabilities in Excess of Other Assets — (0.2)% | (1,438,162 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 661,453,023 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2016. |
(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, 2016. |
(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 yield, is as of September 30, 2016. |
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 | ||
CR | — | Custodial Receipts | ||
GO | — | General Obligation | ||
PSF-GTD | — | Security guaranteed by Permanent School Fund Guarantee Program | ||
RB | — | Revenue Bond | ||
ST INTERCEPT | — | State Interception |
See Notes to Financial Statements.
53
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Limited Duration Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 24.6% | ||||||||
Automobiles 12.8% |
| |||||||
Capital Auto Receivables Asset Trust, Series 2015-3, Cl A1A, 1.390%, 02/20/18(a) | 254,033 | 254,270 | ||||||
Fifth Third Auto Trust, Series 2015-1, Cl A2B, 1.074%, 05/15/18(b) | 165,553 | 165,710 | ||||||
Ford Credit Auto Owner Trust, Series 2016-B, Cl A2B, 0.834%, 03/15/19(b) | 275,000 | 275,324 | ||||||
Volkswagen Auto Lease Trust, Series 2015-A, Cl A2A, 0.870%, 06/20/17 | 161,484 | 161,477 | ||||||
|
| |||||||
856,781 | ||||||||
|
| |||||||
Credit Card 10.7% |
| |||||||
American Express Credit Account Master Trust, Series 2013-3, Cl A, 0.980%, 05/15/19 | 125,000 | 125,006 | ||||||
American Express Issuance Trust II, Series 2013-1, Cl B, 0.974%, 02/15/19(b) | 115,000 | 114,677 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-4, Cl A, 0.914%, 09/15/20(b) | 180,000 | 180,285 | ||||||
Cabela’s Credit Card Master Note Trust, Series 2014-2, Cl A, 0.974%, 07/15/22(b) | 300,000 | 298,352 | ||||||
|
| |||||||
718,320 | ||||||||
|
| |||||||
Student Loan Asset Backed Security 1.1% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.775%, 09/25/19(b) | 75,091 | 74,814 | ||||||
|
| |||||||
Total Asset-Backed Securities | 1,649,915 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 59.7% |
| |||||||
Agency Collateralized Mortgage Obligations 44.4% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3066, Cl FG, REMIC, 0.724%, 03/15/24(b) | 782,893 | 785,568 | ||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2004-79, Cl FM, 0.825%, 11/25/24(b) | 587,044 | 588,824 | ||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2010-R1, Cl 1A, 0.969%, 10/07/20(b) | 867,635 | 869,324 | ||||||
Series 2010-R3, Cl 1A, 1.079%, 12/08/20(b) | 374,750 | 375,400 | ||||||
Series 2010-R3, Cl 2A, 1.079%, 12/08/20(b) | 357,300 | 358,045 | ||||||
|
| |||||||
1,602,769 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities 15.3% |
| |||||||
Federal National Mortgage Association | ||||||||
Series 2014-M12, Cl FA, 0.809%, 10/25/21(b) | 144,427 | 143,738 | ||||||
Series 2016-M9, Cl FA, 1.108%, 09/25/23(b) | 750,000 | 749,446 | ||||||
|
| |||||||
893,184 | ||||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2012-C8, Cl AFL, 1.530%, 08/15/45(a)(b) | 135,000 | 135,554 | ||||||
|
| |||||||
1,028,738 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 4,005,899 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 15.5% |
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AM6261, 0.716%, 07/01/19(b) | 620,000 | 619,935 | ||||||
Pool #AM7028, 0.735%, 10/01/19(b) | 420,000 | 419,553 | ||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 1,039,488 | |||||||
|
| |||||||
Money Market Fund 0.2% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(c) | 16,004 | 16,004 | ||||||
|
| |||||||
Total Money Market Fund | 16,004 | |||||||
|
| |||||||
Total Investments | 6,711,306 | |||||||
Liabilities in Excess of Other Assets — (0.0)%(d) | (568 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 6,710,738 | ||||||
|
|
(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 5.8% of net assets as of September 30, 2016. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(c) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
(d) | Less than 0.05% of Net Assets. |
Investment Abbreviation
REMIC — Real Estate Mortgage Investment Conduit
See Notes to Financial Statements.
54
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix North Carolina Tax-Exempt Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 95.1% |
| |||||||
Alabama 0.8% |
| |||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 215,000 | 247,936 | ||||||
|
| |||||||
Georgia 1.3% |
| |||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/18 | 350,000 | 368,914 | ||||||
|
| |||||||
Guam 4.8% |
| |||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/44, AGM | 1,000,000 | 1,164,540 | ||||||
Territory of Guam, Series A, RB, 5.000%, 12/01/46 | 220,000 | 257,259 | ||||||
|
| |||||||
1,421,799 | ||||||||
|
| |||||||
North Carolina 85.1% |
| |||||||
Buncombe County Metropolitan Sewerage District, RB, 5.000%, 07/01/39 | 1,000,000 | 1,188,340 | ||||||
Cape Fear Public Utility Authority, RB, 5.000%, 08/01/23, Pre-refunded 08/01/2018 @ 100 | 1,000,000 | 1,074,830 | ||||||
Charlotte Airport Revenue, Series B, AMT, RB, 5.500%, 07/01/23 | 700,000 | 799,449 | ||||||
Charlotte Water & Sewer System, RB, 5.000%, 07/01/21 | 1,080,000 | 1,157,609 | ||||||
Charlotte Water & Sewer System, RB, 5.000%, 07/01/40 | 1,000,000 | 1,218,230 | ||||||
Charlotte-Mecklenburg Hospital Authority (The), Series A, RB, 5.250%, 01/15/42 | 1,000,000 | 1,137,850 | ||||||
Forsyth County, GO, 5.000%, 02/01/22, Pre-refunded 02/01/2019 @ 100 | 750,000 | 821,408 | ||||||
North Carolina Capital Facilities Finance Agency, RB, 5.000%, 04/01/30 | 1,000,000 | 1,168,790 | ||||||
North Carolina Capital Facilities Finance Agency, RB, 5.000%, 01/01/34 | 800,000 | 992,456 | ||||||
North Carolina Capital Facilities Finance Agency, RB, 5.250%, 03/01/33 | 1,000,000 | 1,116,580 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/26(b) | 900,000 | 1,101,249 |
Shares or Principal Amount($) | Value($) | |||||||
North Carolina—continued |
| |||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/35(b) | 1,125,000 | 1,333,969 | ||||||
North Carolina Medical Care Commission Health Care Facilities, University Health Systems, Series D, RB, 6.250%, 12/01/33, Pre-refunded 12/01/2018 @ 100(c) | 1,500,000 | 1,671,720 | ||||||
North Carolina Municipal Power Agency No. 1, Series A, RB, 5.000%, 01/01/30, Pre-refunded 01/01/2019 @ 100 | 710,000 | 773,431 | ||||||
North Carolina Municipal Power Agency No. 1, Series A, RB, 5.000%, 01/01/30 | 290,000 | 314,415 | ||||||
North Carolina State, Series A, GO, 5.000%, 06/01/17 | 1,000,000 | 1,028,150 | ||||||
North Carolina State Ports Authority Facilities, Series A, RB, 5.250%, 02/01/40(c) | 1,000,000 | 1,114,320 | ||||||
Pitt County, RB, 5.000%, 04/01/28(c) | 1,000,000 | 1,246,560 | ||||||
Raleigh, RB, 5.000%, 02/01/23 | 850,000 | 1,040,859 | ||||||
University of North Carolina at Charlotte, RB, 5.000%, 04/01/45 | 1,000,000 | 1,187,060 | ||||||
Wake County, Series A, GO, 4.000%, 02/01/27 | 1,000,000 | 1,127,450 | ||||||
Wake County, Series A, RB, 5.000%, 12/01/35 | 1,000,000 | 1,244,580 | ||||||
Western Carolina University, Student Housing Project, RB, 4.000%, 06/01/39 | 1,250,000 | 1,371,812 | ||||||
|
| |||||||
25,231,117 | ||||||||
|
| |||||||
South Carolina 3.1% |
| |||||||
South Carolina State Public Service Authority, Series A, RB, 5.750%, 12/01/43 | 750,000 | 930,690 | ||||||
|
| |||||||
Total Municipal Bonds | 28,200,456 | |||||||
|
|
See Notes to Financial Statements.
55
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix North Carolina Tax-Exempt Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 12.2% |
| |||||||
Federated Government Obligations Fund, Institutional Shares, 0.26%(d) | 3,604,879 | 3,604,879 | ||||||
|
| |||||||
Total Money Market Fund | 3,604,879 | |||||||
|
| |||||||
Total Investments | 31,805,335 | |||||||
Liabilities in Excess of Other Assets — (7.3)% | (2,153,039 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 29,652,296 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2016. |
(b) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMT | — | Income subject to Alternative Minimum Tax | ||
GO | — | General Obligation | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
56
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Short-Term Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 13.9% |
| |||||||
Auto Floor Plan 1.4% |
| |||||||
Mercedes-Benz Master Owner Trust, Series 2016-AA, Cl A, 1.104%, 05/15/20(a)(b) | 510,000 | 511,583 | ||||||
Nissan Master Owner Trust Receivables, Series 2016-A, Cl A2, 1.540%, 06/15/21 | 240,000 | 239,204 | ||||||
|
| |||||||
750,787 | ||||||||
|
| |||||||
Automobiles 1.3% |
| |||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl B, 1.600%, 07/08/19 | 480,000 | 480,946 | ||||||
Ford Credit Auto Owner Trust/Ford Credit 2014-REV1, Series 2014-1, Cl A, 2.260%, 11/15/25(b) | 260,000 | 265,054 | ||||||
|
| |||||||
746,000 | ||||||||
|
| |||||||
Credit Card 8.2% |
| |||||||
American Express Credit Account Master Trust, Series 2013-1, Cl A, 0.944%, 02/16/21(a) | 565,000 | 566,960 | ||||||
BA Credit Card Trust, | 490,000 | 491,987 | ||||||
Barclays Dryrock Issuance Trust, Series 2016-1, Cl A, 1.520%, 05/16/22 | 505,000 | 507,034 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.874%, 03/16/20(a) | 627,000 | 627,000 | ||||||
Capital One Multi-Asset Execution Trust, Series 2014-A5, Cl A, 1.480%, 07/15/20 | 325,000 | 326,425 | ||||||
Capital One Multi-Asset Execution Trust, Series 2015-A1, Cl A, 1.390%, 01/15/21 | 312,000 | 313,417 | ||||||
Chase Issuance Trust, | 500,000 | 501,876 | ||||||
Discover Card Execution Note Trust, Series 2013-A1, Cl A1, 0.824%, 08/17/20(a) | 272,000 | 272,575 | ||||||
Discover Card Execution Note Trust, Series 2016-A1, Cl A1, 1.640%, 07/15/21 | 275,000 | 277,558 |
Shares or Principal Amount($) | Value($) | |||||||
Credit Card—continued |
| |||||||
Evergreen Credit Card Trust, Series 2016-1, Cl A, 1.244%, 04/15/20(a)(b) | 450,000 | 452,033 | ||||||
Trillium Credit Card Trust II, Series 2016-1A, Cl A, 1.242%, 05/26/21(a)(b) | 255,000 | 255,512 | ||||||
|
| |||||||
4,592,377 | ||||||||
|
| |||||||
Other 2.5% |
| |||||||
AEP Texas Central Transition Funding III LLC, Series 2012-1, Cl A1, 0.880%, 12/01/18 | 171,381 | 171,273 | ||||||
CenterPoint Energy Transition Bond Co. IV LLC, Series 2012-1, Cl A1, 0.901%, 04/15/18 | 107,014 | 106,992 | ||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(b) | 219,773 | 226,010 | ||||||
Entergy Arkansas Restoration Funding LLC, Series 2010-A, Cl A1, 2.300%, 08/01/21 | 252,097 | 254,966 | ||||||
FirstEnergy Ohio PIRB Special Purpose Trust, Series 2013-1, Cl A2, 1.726%, 01/15/22 | 440,000 | 441,462 | ||||||
Ohio Phase-In-Recovery Funding LLC, Series 2013-1, Cl A1, 0.958%, 07/01/18 | 193,480 | 193,382 | ||||||
|
| |||||||
1,394,085 | ||||||||
|
| |||||||
Student Loan Asset Backed Security 0.5% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.775%, 09/25/19(a) | 282,340 | 281,302 | ||||||
|
| |||||||
Total Asset-Backed Securities | 7,764,551 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 7.0% |
| |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 2.1% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3786, Cl EB, REMIC, 4.000%, 08/15/35 | 285,000 | 292,593 | ||||||
Series 3971, Cl PG, REMIC, 2.500%, 12/15/26 | 467,101 | 480,916 | ||||||
Series K707, Cl A2, 2.220%, 12/25/18 | 135,000 | 137,462 | ||||||
Series K712, Cl A2, 1.869%, 11/25/19 | 240,000 | 243,771 | ||||||
|
| |||||||
1,154,742 | ||||||||
|
|
See Notes to Financial Statements.
57
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Short-Term Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities 4.9% |
| |||||||
Citigroup Commercial Mortgage Trust |
| |||||||
Series 2012-GC8, Cl A1, 0.685%, 09/10/45 | 13,974 | 13,957 | ||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2013-GC14, Cl A1, 1.217%, 08/10/46 | 30,795 | 30,767 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2010-C2, Cl A2, 3.616%, 11/15/43(b) | 617,484 | 629,096 | ||||||
Series 2011-C3, Cl A3, 4.388%, 02/15/46(b) | 325,000 | 336,625 | ||||||
Series 2013-C13, Cl A1, 1.303%, 01/15/46 | 131,680 | 131,685 | ||||||
|
| |||||||
1,097,406 | ||||||||
|
| |||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||
Series 2013-C12, Cl A1, 1.313%, 10/15/46 | 307,337 | 307,358 | ||||||
Series 2014-C14, Cl A1, 1.250%, 02/15/47 | 99,297 | 99,077 | ||||||
|
| |||||||
406,435 | ||||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2012-C4, Cl A3, 2.991%, 03/15/45 | 196,000 | 203,983 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2012-C10, Cl A2, 1.765%, 12/15/45 | 600,000 | 602,446 | ||||||
Series 2012-C8, Cl A2, 1.881%, 08/15/45 | 406,434 | 407,948 | ||||||
|
| |||||||
1,010,394 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 3,917,684 | |||||||
|
| |||||||
Corporate Bonds 31.5% |
| |||||||
Aerospace/Defense 1.4% |
| |||||||
Boeing Co. (The), 0.877%, 10/30/17(a) | 530,000 | 530,638 | ||||||
Lockheed Martin Corp., 1.850%, 11/23/18 | 265,000 | 268,175 | ||||||
|
| |||||||
798,813 | ||||||||
|
| |||||||
Auto Manufacturers 2.3% |
| |||||||
BMW U.S. Capital LLC, 1.500%, 04/11/19(b) | 355,000 | 355,558 | ||||||
General Motors Financial Co., Inc., 2.400%, 05/09/19 | 479,000 | 481,700 | ||||||
PACCAR Financial Corp., 1.435%, 12/06/18, MTN(a) | 200,000 | 201,369 |
Shares or Principal Amount($) | Value($) | |||||||
Auto Manufacturers—continued |
| |||||||
PACCAR Financial Corp., 1.450%, 03/09/18, MTN | 239,000 | 240,244 | ||||||
|
| |||||||
1,278,871 | ||||||||
|
| |||||||
Banks 6.0% |
| |||||||
Citigroup, Inc., 1.350%, 03/10/17 | 541,000 | 541,326 | ||||||
Credit Suisse New York, 1.375%, 05/26/17, MTN | 845,000 | 844,082 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 783,000 | 826,093 | ||||||
JPMorgan Chase & Co., 6.125%, 06/27/17 | 558,000 | 576,793 | ||||||
Lloyds Bank PLC, 1.750%, 05/14/18 | 543,000 | 544,605 | ||||||
|
| |||||||
3,332,899 | ||||||||
|
| |||||||
Beverages 1.6% |
| |||||||
Anheuser-Busch InBev Finance, Inc., 1.900%, 02/01/19 | 642,000 | 648,198 | ||||||
Molson Coors Brewing Co., 1.450%, 07/15/19 | 257,000 | 256,255 | ||||||
|
| |||||||
904,453 | ||||||||
|
| |||||||
Biotechnology 0.5% |
| |||||||
Celgene Corp., 2.125%, 08/15/18 | 309,000 | 312,302 | ||||||
|
| |||||||
Chemicals 1.1% |
| |||||||
Chevron Phillips Chemical Co. LLC, 1.700%, 05/01/18(b) | 602,000 | 601,415 | ||||||
|
| |||||||
Computers 1.0% |
| |||||||
Diamond 1 Finance Corp./Diamond 2 Finance Corp., 3.480%, 06/01/19(b) | 522,000 | 536,861 | ||||||
|
| |||||||
536,861 | ||||||||
|
| |||||||
Diversified Financial Services 0.5% |
| |||||||
Air Lease Corp., 2.625%, 09/04/18 | 266,000 | 268,417 | ||||||
|
| |||||||
Electric 1.2% |
| |||||||
Duke Energy Corp., 1.226%, 04/03/17(a) | 141,000 | 141,147 | ||||||
Emera U.S. Finance LP, 2.150%, 06/15/19(b) | 527,000 | 532,765 | ||||||
|
| |||||||
673,912 | ||||||||
|
| |||||||
Electronics 0.9% |
| |||||||
Fortive Corp., 1.800%, 06/15/19(b) | 480,000 | 481,319 | ||||||
|
| |||||||
Healthcare-Products 1.4% |
| |||||||
Becton Dickinson and Co., 1.800%, 12/15/17 | 265,000 | 266,206 |
See Notes to Financial Statements.
58
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Short-Term Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Healthcare-Products—continued |
| |||||||
Medtronic, Inc., 1.500%, 03/15/18 | 498,000 | 500,244 | ||||||
|
| |||||||
766,450 | ||||||||
|
| |||||||
Healthcare-Services 1.5% |
| |||||||
Aetna, Inc., 1.900%, 06/07/19 | 488,000 | 492,478 | ||||||
UnitedHealth Group, Inc., 1.875%, 11/15/16 | 349,000 | 349,365 | ||||||
|
| |||||||
841,843 | ||||||||
|
| |||||||
Housewares 0.8% |
| |||||||
Newell Brands, Inc., 2.600%, 03/29/19 | 424,000 | 433,515 | ||||||
|
| |||||||
Insurance 0.5% |
| |||||||
Berkshire Hathaway Finance Corp., 1.700%, 03/15/19 | 266,000 | 268,441 | ||||||
|
| |||||||
268,441 | ||||||||
|
| |||||||
Internet 0.4% |
| |||||||
eBay, Inc., 2.500%, 03/09/18 | 222,000 | 225,140 | ||||||
|
| |||||||
Machinery-Diversified 0.9% |
| |||||||
John Deere Capital Corp., 1.350%, 01/16/18, MTN | 528,000 | 529,241 | ||||||
|
| |||||||
Oil & Gas 3.0% |
| |||||||
Chevron Corp., 1.365%, 03/02/18 | 552,000 | 552,973 | ||||||
Exxon Mobil Corp., 1.305%, 03/06/18 | 553,000 | 554,673 | ||||||
Shell International Finance BV, 1.375%, 09/12/19 | 555,000 | 553,430 | ||||||
|
| |||||||
1,661,076 | ||||||||
|
| |||||||
Oil & Gas Services 0.8% |
| |||||||
Schlumberger Holdings Corp., 1.900%, 12/21/17(b) | 461,000 | 463,909 | ||||||
|
| |||||||
Pharmaceuticals 1.3% |
| |||||||
AbbVie, Inc., 1.800%, 05/14/18 | 318,000 | 319,299 | ||||||
Shire Acquisitions Investments Ireland DAC, 1.900%, 09/23/19 | 401,000 | 400,794 | ||||||
|
| |||||||
720,093 | ||||||||
|
| |||||||
Pipelines 0.8% |
| |||||||
Kinder Morgan, Inc., 2.000%, 12/01/17 | 269,000 | 269,149 | ||||||
Spectra Energy Partners LP, 2.950%, 09/25/18 | 158,000 | 160,859 | ||||||
|
| |||||||
430,008 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.4% |
| |||||||
American Tower Corp., 4.500%, 01/15/18 | 225,000 | 233,362 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Retail 0.5% |
| |||||||
CVS Health Corp., 1.900%, 07/20/18 | 306,000 | 308,961 | ||||||
|
| |||||||
Semiconductors 0.3% |
| |||||||
TSMC Global Ltd., 1.625%, 04/03/18(b) | 200,000 | 200,311 | ||||||
|
| |||||||
Telecommunication Services 1.4% |
| |||||||
AT&T, Inc., 5.500%, 02/01/18 | 488,000 | 514,161 | ||||||
Verizon Communications, Inc., 1.375%, 08/15/19 | 258,000 | 256,756 | ||||||
|
| |||||||
770,917 | ||||||||
|
| |||||||
Transportation 1.0% |
| |||||||
Canadian National Railway Co., 0.987%, 11/14/17(a) | 554,000 | 554,592 | ||||||
|
| |||||||
Total Corporate Bonds | 17,597,121 | |||||||
|
| |||||||
Municipal Bond 0.9% |
| |||||||
Louisiana 0.9% |
| |||||||
Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2010-ELL, CI A3, RB, 3.450%, 02/01/22 | 515,000 | 529,538 | ||||||
|
| |||||||
Total Municipal Bond | 529,538 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 6.7% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #J20827, 2.000%, 10/01/22 | 145,241 | 147,705 | ||||||
Pool #J22421, 2.000%, 02/01/23 | 119,892 | 121,897 | ||||||
Pool #J24206, 2.000%, 06/01/23 | 144,368 | 146,772 | ||||||
Pool #J28472, 3.000%, 06/01/24 | 1,071,429 | 1,125,802 | ||||||
|
| |||||||
1,542,176 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #471989, 2.010%, 07/01/19 | 229,800 | 233,339 | ||||||
Pool #AB6729, 2.000%, 10/01/22 | 119,726 | 121,616 | ||||||
Pool #AL3486, 2.000%, 05/01/23 | 113,714 | 115,508 | ||||||
Pool #AX3644, 2.391%, 10/01/44(a) | 251,159 | 257,480 | ||||||
Pool #AX5937, 2.435%, 11/01/44(a) | 397,378 | 407,302 | ||||||
Pool #AX2167, 2.531%, 11/01/44(a) | 1,036,334 | 1,063,994 | ||||||
|
| |||||||
2,199,239 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 3,741,415 | |||||||
|
|
See Notes to Financial Statements.
59
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Short-Term Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Treasury Obligations 39.3% |
| |||||||
U.S. Treasury Notes 39.3% |
| |||||||
1.250%, 10/31/18 | 1,972,000 | 1,989,870 | ||||||
1.500%, 01/31/19 | 8,006,000 | 8,128,908 | ||||||
1.500%, 05/31/19 | 8,766,000 | 8,912,901 | ||||||
1.500%, 10/31/19 | 2,922,000 | 2,973,363 | ||||||
|
| |||||||
Total U.S. Treasury Obligations (Cost $21,965,664) | 22,005,042 | |||||||
|
| |||||||
Money Market Fund 0.5% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(c) | 260,717 | 260,717 | ||||||
|
| |||||||
Total Money Market Fund | 260,717 | |||||||
|
| |||||||
Total Investments | 55,816,068 | |||||||
Other Assets in Excess of Liabilities — 0.2% | 88,363 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 55,904,431 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(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 10.5% of net assets as of September 30, 2016. |
(c) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit |
See Notes to Financial Statements.
60
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Short-Term Municipal Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 91.9% | ||||||||
Alabama 4.1% |
| |||||||
Baldwin County Board of Education, RB, 5.000%, 06/01/19 | 1,250,000 | 1,382,175 | ||||||
|
| |||||||
Arizona 2.2% |
| |||||||
Arizona Health Facilities Authority, Series F, RB, 0.860%, 01/01/29(a) | 750,000 | 750,000 | ||||||
|
| |||||||
California 6.8% |
| |||||||
California Municipal Finance Authority, Series A, RB, 4.000%, 06/01/21 | 200,000 | 219,240 | ||||||
California State, GO, 5.000%, 08/01/17 | 1,000,000 | 1,034,980 | ||||||
Los Angeles County Regional Financing Authority, Series B-1, RB, 3.000%, 11/15/21, CA MTG INS | 1,035,000 | 1,036,904 | ||||||
|
| |||||||
2,291,124 | ||||||||
|
| |||||||
District of Columbia 3.3% |
| |||||||
District of Columbia Water & Sewer Authority, Series A, RB, 6.000%, 10/01/35, Pre-refunded 10/01/2018 @ 100 | 1,000,000 | 1,101,320 | ||||||
|
| |||||||
Illinois 4.9% |
| |||||||
Chicago O’Hare International Airport, RB, 5.000%, 01/01/19 | 1,500,000 | 1,629,090 | ||||||
|
| |||||||
Indiana 3.5% |
| |||||||
Indiana Finance Authority, Series B, RB, 5.000%, 02/01/21 | 1,000,000 | 1,168,070 | ||||||
|
| |||||||
Maryland 4.6% |
| |||||||
Maryland State, Series A, GO, 5.000%, 11/01/16 | 1,000,000 | 1,003,720 | ||||||
Maryland State Transportation Authority, Transportation Facilities Project, RB, 5.000%, 07/01/23(b) | 500,000 | 534,250 | ||||||
|
| |||||||
1,537,970 | ||||||||
|
| |||||||
Massachusetts 3.1% |
| |||||||
Commonwealth of Massachusetts, Series C, GO, 5.000%, 08/01/27, Pre-refunded 08/01/2017 @ 100, AGM | 1,000,000 | 1,035,220 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Michigan 3.5% |
| |||||||
Michigan State, RB, 5.000%, 03/15/22 | 1,000,000 | 1,190,270 | ||||||
|
| |||||||
Missouri 3.9% |
| |||||||
Missouri State Board of Public Buildings, Series B, RB, 4.000%, 04/01/18 | 1,235,000 | 1,293,156 | ||||||
|
| |||||||
Nevada 3.1% |
| |||||||
Clark County Department of Aviation, Series B, AMT, RB, 5.000%, 07/01/17 | 1,000,000 | 1,030,140 | ||||||
|
| |||||||
North Carolina 5.6% |
| |||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/18(c) | 745,000 | 776,588 | ||||||
Raleigh Combined Enterprise System Revenue, Series B, RB, 5.000%, 12/01/18 | 1,000,000 | 1,089,310 | ||||||
|
| |||||||
1,865,898 | ||||||||
|
| |||||||
Ohio 9.5% |
| |||||||
Crawford County, RB, 1.430%, 11/01/17 | 2,000,000 | 2,001,940 | ||||||
Ohio State, RB, 5.000%, 12/15/19 | 500,000 | 562,370 | ||||||
Ohio State, RB, 5.000%, 12/15/22 | 500,000 | 607,475 | ||||||
|
| |||||||
3,171,785 | ||||||||
|
| |||||||
Pennsylvania 3.2% |
| |||||||
Philadelphia Gas Works Co, RB, 5.000%, 10/01/18 | 1,000,000 | 1,074,870 | ||||||
|
| |||||||
Rhode Island 9.3% |
| |||||||
Rhode Island Health & Educational Building Corp., RB, 4.000%, 05/15/20, AGM, ST APPROP | 750,000 | 814,808 | ||||||
State of Rhode Island, GO, 5.000%, 08/01/18(b) | 2,150,000 | 2,311,916 | ||||||
|
| |||||||
3,126,724 | ||||||||
|
| |||||||
South Carolina 2.2% |
| |||||||
SCAGO Educational Facilities Corp. for Pickens School District, RB, 5.000%, 12/01/16 | 750,000 | 755,250 | ||||||
|
| |||||||
Texas 9.1% |
| |||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 4.000%, 04/01/17, AGM | 200,000 | 202,712 |
See Notes to Financial Statements.
61
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(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 | 207,584 | ||||||
Nueces River Authority, RB, 3.000%, 07/15/17 | 1,000,000 | 1,016,670 | ||||||
Texas Public Finance Authority, Series B, RB, 4.000%, 01/01/18(b) | 1,605,000 | 1,609,462 | ||||||
|
| |||||||
3,036,428 | ||||||||
|
| |||||||
Washington 10.0% |
| |||||||
Port of Seattle, AMT, GO, 5.250%, 12/01/20 | 1,030,000 | 1,200,424 | ||||||
Snohomish County Public Utility District No. 1, RB, 5.000%, 12/01/16 | 1,000,000 | 1,007,280 | ||||||
Tacoma Sewer Revenue, Series B, RB, 5.000%, 12/01/20 | 1,000,000 | 1,160,120 | ||||||
|
| |||||||
3,367,824 | ||||||||
|
| |||||||
Total Municipal Bonds | 30,807,314 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 9.5% |
| |||||||
Federated Government Obligations Fund, Institutional Shares, 0.26%(d) | 3,199,919 | 3,199,919 | ||||||
|
| |||||||
Total Money Market Fund | 3,199,919 | |||||||
|
| |||||||
Total Investments | 34,007,233 | |||||||
Liabilities in Excess of Other Assets — (1.4)% | (468,035 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 33,539,198 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMT | — | Income subject to Alternative Minimum Tax | ||
CA MTG INS | — | California Mortgage Insurance | ||
GO | — | General Obligation | ||
RB | — | Revenue Bond | ||
ST APPROP | — | State Appropriation |
See Notes to Financial Statements.
62
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 5.4% | ||||||||
Automobiles 0.8% |
| |||||||
Ford Credit Auto Owner Trust, Series 2016-1, Cl A, 2.310%, 08/15/27(a) | 3,525,000 | 3,606,391 | ||||||
Nissan Auto Lease Trust, Series 2016-B, Cl A2B, 0.780%, 12/17/18(b) | 4,160,000 | 4,159,966 | ||||||
|
| |||||||
7,766,357 | ||||||||
|
| |||||||
Credit Card 2.9% |
| |||||||
American Express Issuance Trust II, Series 2013-1, Cl A, 0.804%, 02/15/19(b) | 1,455,000 | 1,457,886 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-3, Cl A, 2.410%, 07/15/22 | 4,885,000 | 5,033,252 | ||||||
Cabela’s Credit Card Master Note Trust, Series 2014-2, Cl A, 0.974%, 07/15/22(b) | 5,318,000 | 5,288,787 | ||||||
Capital One Multi-Asset Execution Trust, Series 2005-B3, Cl B3, 1.230%, 05/15/28(b) | 1,632,000 | 1,542,169 | ||||||
Capital One Multi-Asset Execution Trust, Series 2016-A4, Cl A4, 1.330%, 06/15/22 | 5,030,000 | 5,022,741 | ||||||
Discover Card Execution Note Trust, Series 2016-A4, Cl A4, 1.390%, 03/15/22 | 7,910,000 | 7,912,514 | ||||||
World Financial Network Credit Card Master Trust, Series 2016-B, Cl A, 1.440%, 06/15/22 | 3,300,000 | 3,300,177 | ||||||
|
| |||||||
29,557,526 | ||||||||
|
| |||||||
Other 1.7% |
| |||||||
DB Master Finance LLC, Series 2015-1A, Cl A2II, 3.980%, 02/20/45(a) | 4,191,175 | 4,284,550 | ||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(a) | 4,748,864 | 4,883,628 | ||||||
Ohio Phase-In-Recovery Funding LLC, Series 2013-1, Cl A2, 2.049%, 07/01/20 | 2,895,000 | 2,922,219 |
Shares or Principal Amount($) | Value($) | |||||||
Other—continued |
| |||||||
Taco Bell Funding LLC, Series 2016-1A, Cl A2I, 3.832%, 05/25/46(a) | 4,975,000 | 5,044,869 | ||||||
|
| |||||||
17,135,266 | ||||||||
|
| |||||||
Total Asset-Backed Securities |
| 54,459,149 | ||||||
|
| |||||||
Collateralized Mortgage Obligations 5.9% | ||||||||
Commercial Mortgage Backed Securities 5.9% |
| |||||||
Federal Home Loan Mortgage |
| |||||||
Series K009, Cl X2, 5.362%, 09/25/40(b) | 2,292,165 | 410,447 | ||||||
Series K021, Cl X1, 1.617%, 06/25/22(b) | 19,148,668 | 1,338,783 | ||||||
Series K027, Cl X1, 0.942%, 01/25/23(b) | 119,348,771 | 4,965,434 | ||||||
|
| |||||||
6,714,664 | ||||||||
|
| |||||||
FREMF Mortgage Trust | ||||||||
Series 2011-K10, Cl B, 4.790%, 11/25/49(a)(b) | 2,495,000 | 2,710,331 | ||||||
Series 2012-K21, Cl B, 4.071%, 07/25/45(a)(b) | 2,320,000 | 2,482,878 | ||||||
Series 2013-K25, Cl B, 3.743%, 11/25/45(a)(b) | 2,980,000 | 3,129,864 | ||||||
Series 2013-K713, Cl B, 3.274%, 04/25/46(a)(b) | 1,925,000 | 1,974,569 | ||||||
Series 2016-K52, Cl B, 4.055%, 01/25/49(a)(b) | 3,170,000 | 3,219,906 | ||||||
Series 2016-K722, Cl B, 3.835%, 07/25/49(a)(b) | 395,000 | 395,448 | ||||||
|
| |||||||
13,912,996 | ||||||||
|
| |||||||
GS Mortgage Securities Corp. II |
| |||||||
Series 2012-ALOH, Cl A, 3.551%, 04/10/34(a) | 5,085,000 | 5,493,351 | ||||||
Series 2012-BWTR, Cl A, 2.954%, 11/05/34(a) | 3,211,000 | 3,330,770 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(a) | 2,890,000 | 2,989,186 | ||||||
|
| |||||||
11,813,307 | ||||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2010-C1, Cl A2, 4.592%, 08/10/43(a) | 3,822,000 | 4,170,315 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2012-HSBC, Cl B, 3.722%, 07/05/32(a) | 1,790,000 | 1,910,416 | ||||||
|
|
See Notes to Financial Statements.
63
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2014-CPT, Cl A, 3.350%, 07/13/29(a) | 3,645,000 | 3,868,370 | ||||||
Series 2014-CPT, Cl AM, 3.516%, 07/13/29(a)(b) | 1,170,000 | 1,235,866 | ||||||
|
| |||||||
5,104,236 | ||||||||
|
| |||||||
VNDO 2013-PENN Mortgage Trust |
| |||||||
Series 2013-PENN, Cl A, 3.808%, 12/13/29(a) | 5,275,000 | 5,661,240 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust |
| |||||||
Series 2012-C8, Cl AFL, 1.530%, 08/15/45(a)(b) | 5,585,000 | 5,607,929 | ||||||
Series 2012-C10, Cl AS, 3.241%, 12/15/45 | 4,040,000 | 4,205,315 | ||||||
|
| |||||||
9,813,244 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 59,100,418 | |||||||
|
| |||||||
Corporate Bonds 26.1% | ||||||||
Agriculture 0.2% |
| |||||||
Japan Tobacco, Inc., 2.100%, 07/23/18(a) | 1,852,000 | 1,873,885 | ||||||
|
| |||||||
Airlines 0.1% |
| |||||||
United Airlines Pass Through Trust, Series 2016-1, Cl A, 3.450%, 01/07/30,Series A | 1,377,000 | 1,435,522 | ||||||
|
| |||||||
Auto Manufacturers 1.0% |
| |||||||
BMW U.S. Capital LLC, 2.800%, 04/11/26(a) | 2,497,000 | 2,550,583 | ||||||
Daimler Finance North America LLC, 2.250%, 03/02/20(a) | 1,280,000 | 1,299,187 | ||||||
General Motors Co., 5.200%, 04/01/45 | 4,357,000 | 4,532,064 | ||||||
Volkswagen International Finance, 2.375%, 03/22/17(a) | 1,539,000 | 1,545,138 | ||||||
|
| |||||||
9,926,972 | ||||||||
|
| |||||||
Auto Parts & Equipment 0.1% |
| |||||||
Lear Corp., 4.750%, 01/15/23 | 1,338,000 | 1,389,847 | ||||||
|
| |||||||
Banks 4.3% |
| |||||||
Citigroup, Inc., 2.350%, 08/02/21 | 2,248,000 | 2,256,747 | ||||||
Fifth Third Bank, 2.250%, 06/14/21 | 1,195,000 | 1,214,957 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued |
| |||||||
Fifth Third Bank, 3.850%, 03/15/26 | 3,120,000 | 3,325,121 | ||||||
Goldman Sachs Group, Inc. (The), 5.150%, 05/22/45 | 2,320,000 | 2,529,992 | ||||||
Huntington National Bank (The), 1.300%, 11/20/16 | 1,869,000 | 1,869,620 | ||||||
JPMorgan Chase & Co., 2.295%, 08/15/21, MTN | 2,450,000 | 2,455,329 | ||||||
Lloyds Bank PLC, 2.050%, 01/22/19 | 1,768,000 | 1,775,429 | ||||||
Morgan Stanley, 2.650%, 01/27/20 | 1,878,000 | 1,919,059 | ||||||
Morgan Stanley, 3.125%, 07/27/26, MTN | 6,246,000 | 6,283,345 | ||||||
Morgan Stanley, 3.950%, 04/23/27 | 1,159,000 | 1,203,794 | ||||||
Regions Bank, 2.250%, 09/14/18 | 845,000 | 851,766 | ||||||
Royal Bank of Scotland Group PLC, 3.875%, 09/12/23 | 5,184,000 | 5,101,020 | ||||||
Royal Bank of Scotland Group PLC, 8.625%(b)(c) | 5,025,000 | 4,918,219 | ||||||
Toronto-Dominion Bank (The), 3.625%, 09/15/31(b) | 761,000 | 763,099 | ||||||
US Bancorp, 2.350%, 01/29/21, MTN | 1,294,000 | 1,331,415 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 2,485,000 | 2,663,294 | ||||||
US Bank NA, 1.100%, 01/30/17 | 2,968,000 | 2,968,469 | ||||||
|
| |||||||
43,430,675 | ||||||||
|
| |||||||
Beverages 0.9% |
| |||||||
Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/21 | 1,174,000 | 1,211,446 | ||||||
Anheuser-Busch InBev Finance, Inc., 3.650%, 02/01/26 | 713,000 | 765,762 | ||||||
Anheuser-Busch InBev Finance, Inc., 4.900%, 02/01/46 | 2,168,000 | 2,579,445 | ||||||
Molson Coors Brewing Co., 4.200%, 07/15/46 | 1,846,000 | 1,923,423 | ||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(a) | 2,020,000 | 2,026,056 | ||||||
|
| |||||||
8,506,132 | ||||||||
|
|
See Notes to Financial Statements.
64
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Biotechnology 0.2% |
| |||||||
Celgene Corp., 4.625%, 05/15/44 | 819,000 | 863,293 | ||||||
Celgene Corp., 5.000%, 08/15/45 | 961,000 | 1,082,006 | ||||||
|
| |||||||
1,945,299 | ||||||||
|
| |||||||
Commercial Services 0.4% |
| |||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(a) | 935,000 | 940,968 | ||||||
ERAC USA Finance LLC, 3.850%, 11/15/24(a) | 903,000 | 971,561 | ||||||
ERAC USA Finance LLC, 4.500%, 02/15/45(a) | 851,000 | 906,710 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(a) | 1,149,000 | 1,290,717 | ||||||
|
| |||||||
4,109,956 | ||||||||
|
| |||||||
Computers 0.2% |
| |||||||
Diamond 1 Finance Corp./Diamond 2 Finance Corp., 8.350%, 07/15/46(a) | 1,773,000 | 2,122,903 | ||||||
|
| |||||||
Diversified Financial Services 1.2% |
| |||||||
Air Lease Corp., 4.250%, 09/15/24 | 4,376,000 | 4,599,789 | ||||||
American Express Credit Corp., 2.375%, 03/24/17, MTN | 1,487,000 | 1,495,937 | ||||||
Lazard Group LLC, 3.750%, 02/13/25 | 3,968,000 | 3,994,415 | ||||||
TD Ameritrade Holding Corp., 2.950%, 04/01/22 | 1,449,000 | 1,509,872 | ||||||
|
| |||||||
11,600,013 | ||||||||
|
| |||||||
Electric 1.4% |
| |||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 1,050,000 | 1,394,653 | ||||||
Duke Energy Corp., 3.750%, 09/01/46 | 2,903,000 | 2,815,254 | ||||||
Emera U.S. Finance LP, 4.750%, 06/15/46(a) | 2,947,000 | 3,162,856 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 1,189,000 | 1,241,589 | ||||||
FirstEnergy Transmission LLC, 5.450%, 07/15/44(a) | 4,376,000 | 4,895,077 | ||||||
|
| |||||||
13,509,429 | ||||||||
|
| |||||||
Electronics 0.1% |
| |||||||
Fortive Corp., 4.300%, 06/15/46(a) | 738,000 | 789,816 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Forest Products & Paper 0.3% |
| |||||||
International Paper Co., 3.000%, 02/15/27 | 3,201,000 | 3,197,284 | ||||||
|
| |||||||
Healthcare-Products 0.3% |
| |||||||
Becton Dickinson and Co., 4.685%, 12/15/44 | 761,000 | 867,907 | ||||||
Medtronic, Inc., 3.500%, 03/15/25 | 565,000 | 608,429 | ||||||
Medtronic, Inc., 4.625%, 03/15/45 | 1,597,000 | 1,876,456 | ||||||
|
| |||||||
3,352,792 | ||||||||
|
| |||||||
Healthcare-Services 0.5% |
| |||||||
Aetna, Inc., 4.375%, 06/15/46 | 3,254,000 | 3,407,416 | ||||||
Howard Hughes Medical Institute, 3.500%, 09/01/23 | 1,426,000 | 1,561,098 | ||||||
|
| |||||||
4,968,514 | ||||||||
|
| |||||||
Insurance 0.5% |
| |||||||
Chubb INA Holdings, Inc., 4.350%, 11/03/45 | 879,000 | 1,016,014 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(a) | 1,291,000 | 1,296,283 | ||||||
Nationwide Financial Services, Inc., 5.375%, 03/25/21(a) | 1,746,000 | 1,958,151 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 836,000 | 913,544 | ||||||
|
| |||||||
5,183,992 | ||||||||
|
| |||||||
Media 0.6% |
| |||||||
Comcast Corp., 3.400%, 07/15/46 | 4,332,000 | 4,211,146 | ||||||
Viacom, Inc., 3.450%, 10/04/26 | 1,715,000 | 1,713,988 | ||||||
|
| |||||||
5,925,134 | ||||||||
|
| |||||||
Mining 2.1% |
| |||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 3,977,000 | 4,544,275 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(a) | 1,083,000 | 1,223,472 | ||||||
Newmont Mining Corp., 4.875%, 03/15/42 | 2,703,000 | 2,848,124 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 7,239,000 | 8,538,343 |
See Notes to Financial Statements.
65
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Mining—continued |
| |||||||
Rio Tinto Finance USA Ltd., 3.750%, 06/15/25(d) | 4,057,000 | 4,364,727 | ||||||
|
| |||||||
21,518,941 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.7% |
| |||||||
General Electric Co., 2.700%, 10/09/22 | 1,118,000 | 1,164,975 | ||||||
General Electric Co., 3.450%, 05/15/24, MTN | 2,024,000 | 2,196,064 | ||||||
General Electric Co., 4.125%, 10/09/42 | 901,000 | 986,040 | ||||||
General Electric Co., 5.250%, 12/06/17 | 2,161,000 | 2,265,169 | ||||||
|
| |||||||
6,612,248 | ||||||||
|
| |||||||
Oil & Gas 3.4% |
| |||||||
Anadarko Petroleum Corp., 3.450%, 07/15/24 | 2,606,000 | 2,570,564 | ||||||
Apache Corp., 3.250%, 04/15/22 | 2,190,000 | 2,247,251 | ||||||
BP Capital Markets PLC, 2.112%, 09/16/21(d) | 925,000 | 930,376 | ||||||
Devon Energy Corp., 5.850%, 12/15/25(d) | 2,145,000 | 2,413,938 | ||||||
Ensco PLC, 4.500%, 10/01/24 | 1,098,000 | 790,560 | ||||||
Ensco PLC, 5.200%, 03/15/25(d) | 4,517,000 | 3,303,503 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 1,833,000 | 1,119,386 | ||||||
Hess Corp., 4.300%, 04/01/27 | 3,722,000 | 3,750,979 | ||||||
Marathon Oil Corp., 3.850%, 06/01/25(d) | 2,147,000 | 2,038,886 | ||||||
Marathon Petroleum Corp., 3.625%, 09/15/24 | 342,000 | 344,561 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 2,381,000 | 2,088,063 | ||||||
Shell International Finance BV, 1.750%, 09/12/21 | 1,606,000 | 1,597,135 | ||||||
Shell International Finance BV, 3.750%, 09/12/46 | 2,590,000 | 2,556,926 | ||||||
Woodside Finance Ltd., 3.650%, 03/05/25(a) | 1,575,000 | 1,588,121 | ||||||
Woodside Finance Ltd., 3.700%, 09/15/26(a) | 4,211,000 | 4,232,927 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(a) | 2,086,000 | 2,229,519 | ||||||
|
| |||||||
33,802,695 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas Services 0.7% |
| |||||||
FMC Technologies, Inc., 3.450%, 10/01/22 | 508,000 | 514,723 | ||||||
Schlumberger Holdings Corp., 3.000%, 12/21/20(a) | 1,726,000 | 1,799,759 | ||||||
Schlumberger Holdings Corp., 4.000%, 12/21/25(a) | 3,391,000 | 3,689,323 | ||||||
Schlumberger Investment SA, 3.300%, 09/14/21(a) | 1,309,000 | 1,387,049 | ||||||
|
| |||||||
7,390,854 | ||||||||
|
| |||||||
Pharmaceuticals 1.0% |
| |||||||
AbbVie, Inc., 3.600%, 05/14/25 | 2,129,000 | 2,225,365 | ||||||
Novartis Securities Investment Ltd., 5.125%, 02/10/19 | 765,000 | 833,244 | ||||||
Shire Acquisitions Investments Ireland DAC, 2.400%, 09/23/21 | 1,780,000 | 1,782,241 | ||||||
Shire Acquisitions Investments Ireland DAC, 3.200%, 09/23/26 | 1,212,000 | 1,218,519 | ||||||
Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/46 | 3,764,000 | 3,746,151 | ||||||
|
| |||||||
9,805,520 | ||||||||
|
| |||||||
Pipelines 1.2% |
| |||||||
EnLink Midstream Partners LP, 4.150%, 06/01/25 | 3,296,000 | 3,155,244 | ||||||
NuStar Logistics LP, 4.800%, 09/01/20 | 2,870,000 | 2,877,175 | ||||||
Phillips 66 Partners LP, 3.605%, 02/15/25 | 362,000 | 364,074 | ||||||
Phillips 66 Partners LP, 4.680%, 02/15/45 | 470,000 | 445,310 | ||||||
Transcanada Trust, 5.875%, 08/15/76(b) | 660,000 | 698,280 | ||||||
Western Gas Partners LP, 4.650%, 07/01/26 | 2,773,000 | 2,869,769 | ||||||
Williams Partners LP, 4.000%, 09/15/25 | 1,631,000 | 1,630,703 | ||||||
|
| |||||||
12,040,555 | ||||||||
|
| |||||||
Real Estate Investment Trust 1.1% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 1,377,000 | 1,436,303 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 2,564,000 | 2,904,199 |
See Notes to Financial Statements.
66
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Real Estate Investment Trust—continued |
| |||||||
Boston Properties LP, 3.650%, 02/01/26 | 1,437,000 | 1,519,839 | ||||||
Digital Realty Trust LP, 3.950%, 07/01/22 | 2,468,000 | 2,615,833 | ||||||
Digital Realty Trust LP, 4.750%, 10/01/25 | 1,521,000 | 1,650,383 | ||||||
Simon Property Group LP, 3.300%, 01/15/26 | 1,043,000 | 1,100,809 | ||||||
|
| |||||||
11,227,366 | ||||||||
|
| |||||||
Retail 0.7% |
| |||||||
CVS Health Corp., 5.125%, 07/20/45 | 1,372,000 | 1,678,841 | ||||||
Home Depot, Inc. (The), 2.625%, 06/01/22 | 1,554,000 | 1,613,703 | ||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 4,140,000 | 4,148,885 | ||||||
|
| |||||||
7,441,429 | ||||||||
|
| |||||||
Semiconductors 0.8% |
| |||||||
Intel Corp., 1.950%, 10/01/16 | 1,031,000 | 1,031,000 | ||||||
Intel Corp., 4.100%, 05/19/46 | 1,517,000 | 1,623,645 | ||||||
NVIDIA Corp., 3.200%, 09/16/26 | 1,789,000 | 1,803,087 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(a) | 3,589,000 | 3,594,584 | ||||||
|
| |||||||
8,052,316 | ||||||||
|
| |||||||
Software 0.8% |
| |||||||
Activision Blizzard, Inc., 3.400%, 09/15/26(a) | 2,162,000 | 2,171,262 | ||||||
Oracle Corp., 2.650%, 07/15/26 | 5,376,000 | 5,376,978 | ||||||
|
| |||||||
7,548,240 | ||||||||
|
| |||||||
Telecommunication Services 1.2% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 1,854,000 | 1,888,907 | ||||||
AT&T, Inc., 3.950%, 01/15/25 | 580,000 | 615,674 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 699,000 | 688,552 | ||||||
AT&T, Inc., 4.750%, 05/15/46 | 1,730,000 | 1,810,367 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 2,466,000 | 2,637,607 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 1,666,000 | 1,698,589 |
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Verizon Communications, Inc., 4.125%, 08/15/46 | 2,726,000 | 2,726,752 | ||||||
|
| |||||||
12,066,448 | ||||||||
|
| |||||||
Toys/Games/Hobbies 0.1% |
| |||||||
Mattel, Inc., 2.350%, 08/15/21 | 1,394,000 | 1,413,222 | ||||||
|
| |||||||
Total Corporate Bonds | 262,187,999 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 26.3% |
| |||||||
Federal Home Loan Mortgage Corporation |
| |||||||
Pool #G30614, 3.500%, 12/01/32 | 4,170,738 | 4,455,859 | ||||||
Pool #C91768, 3.500%, 07/01/34 | 1,782,986 | 1,896,404 | ||||||
Pool #G01779, 5.000%, 04/01/35 | 292,991 | 327,744 | ||||||
Pool #G01838, 5.000%, 07/01/35 | 259,975 | 290,780 | ||||||
Pool #G01837, 5.000%, 07/01/35 | 915,344 | 1,024,462 | ||||||
Pool #Z40115, 6.000%, 05/01/36 | 4,852,047 | 5,624,214 | ||||||
Pool #G05326, 5.000%, 02/01/38 | 1,205,224 | 1,346,471 | ||||||
Pool #G07135, 6.000%, 10/01/38 | 1,500,536 | 1,716,953 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 2,427,211 | 2,661,798 | ||||||
Pool #G05606, 4.500%, 07/01/39 | 6,737,058 | 7,404,675 | ||||||
Pool #G08353, 4.500%, 07/01/39 | 3,032,251 | 3,332,925 | ||||||
Pool #G06079, 6.000%, 07/01/39 | 697,773 | 796,184 | ||||||
Pool #A89384, 4.000%, 10/01/39 | 176,064 | 189,634 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 1,338,727 | 1,441,927 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 1,786,669 | 1,963,955 | ||||||
Pool #Q30058, 3.000%, 01/01/40 | 1,227,481 | 1,276,699 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 1,282,300 | 1,422,662 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 2,675,759 | 2,894,598 | ||||||
Pool #V82101, 4.000%, 11/01/40 | 863,834 | 930,692 |
See Notes to Financial Statements.
67
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #A95796, 4.000%, 12/01/40 | 1,075,384 | 1,158,393 | ||||||
Pool #A95822, 4.000%, 12/01/40 | 2,715,411 | 2,954,729 | ||||||
Pool #G60126, 4.500%, 11/01/41 | 399,730 | 438,295 | ||||||
Pool #G07491, 4.500%, 03/01/42 | 48,269 | 52,986 | ||||||
Pool #C04123, 4.000%, 07/01/42 | 3,685,993 | 3,997,038 | ||||||
Pool #G60019, 4.500%, 03/01/44 | 6,405,931 | 7,039,226 | ||||||
Pool #Q31066, 4.000%, 02/01/45 | 1,170,980 | 1,273,352 | ||||||
Pool #Q31645, 4.000%, 02/01/45 | 5,184,275 | 5,592,852 | ||||||
Pool #G60589, 4.000%, 02/01/45 | 6,174,122 | 6,622,153 | ||||||
Pool #Q35611, 4.000%, 09/01/45 | 5,687,973 | 6,158,828 | ||||||
Pool #Q36238, 4.000%, 09/01/45 | 2,236,004 | 2,401,991 | ||||||
Pool #Q37163, 3.500%, 11/01/45 | 2,931,679 | 3,128,970 | ||||||
Pool #Q40240, 4.000%, 03/01/46 | 1,263,219 | 1,355,260 | ||||||
Pool #Q40123, 3.500%, 04/01/46 | 2,718,031 | 2,906,144 | ||||||
Pool #Q40124, 3.500%, 04/01/46 | 3,494,778 | 3,731,557 | ||||||
Pool #Q40723, 4.000%, 05/01/46 | 3,195,235 | 3,428,376 | ||||||
|
| |||||||
93,238,786 | ||||||||
|
| |||||||
Federal National Mortgage Association |
| |||||||
Pool #AP9592, 3.500%, 10/01/32 | 3,024,304 | 3,236,227 | ||||||
Pool #MA1630, 4.000%, 10/01/33 | 1,792,119 | 1,941,641 | ||||||
Pool #MA1688, 3.500%, 12/01/33 | 123,253 | 131,165 | ||||||
Pool #MA1763, 3.500%, 01/01/34 | 3,589,704 | 3,819,156 | ||||||
Pool #190370, 6.000%, 06/01/36 | 1,519,693 | 1,745,161 | ||||||
Pool #745950, 6.000%, 11/01/36 | 1,526,156 | 1,751,893 | ||||||
Pool #888128, 6.000%, 01/01/37 | 247,686 | 284,189 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #890248, 6.000%, 08/01/37 | 355,600 | 413,775 | ||||||
Pool #889529, 6.000%, 03/01/38 | 124,954 | 145,406 | ||||||
Pool #889579, 6.000%, 05/01/38 | 583,402 | 669,370 | ||||||
Pool #995724, 6.000%, 04/01/39 | 1,113,804 | 1,295,614 | ||||||
Pool #AE0814, 6.000%, 09/01/39 | 229,751 | 263,339 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 428,718 | 460,574 | ||||||
Pool #AX3605, 3.500%, 01/01/40 | 2,488,737 | 2,628,894 | ||||||
Pool #932441, 4.000%, 01/01/40 | 5,941,636 | 6,383,124 | ||||||
Pool #AC9564, 4.500%, 02/01/40 | 727,782 | 805,667 | ||||||
Pool #AL7497, 3.500%, 09/01/40 | 6,867,118 | 7,272,595 | ||||||
Pool #AE3860, 5.000%, 10/01/40 | 467,575 | 520,305 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 386,336 | 417,946 | ||||||
Pool #AE9284, 4.000%, 11/01/40 | 577,301 | 620,197 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 4,068,820 | 4,474,513 | ||||||
Pool #AB3274, 4.500%, 07/01/41 | 1,721,165 | 1,897,702 | ||||||
Pool #AZ0570, 4.000%, 09/01/41 | 1,809,804 | 1,951,744 | ||||||
Pool #AW8154, 3.500%, 01/01/42 | 11,512,077 | 12,254,353 | ||||||
Pool #AB5188, 3.500%, 05/01/42 | 6,290,409 | 6,662,123 | ||||||
Pool #AZ0572, 3.000%, 06/01/42 | 1,896,770 | 1,973,157 | ||||||
Pool #AP7874, 3.500%, 10/01/42 | 1,851,203 | 1,960,622 | ||||||
Pool #AB8726, 3.500%, 03/01/43 | 5,939,514 | 6,287,376 | ||||||
Pool #AT4912, 4.000%, 05/01/43 | 1,914,767 | 2,077,975 | ||||||
Pool #AS0653, 4.000%, 10/01/43 | 719,945 | 781,584 | ||||||
Pool #AV3452, 4.000%, 02/01/44 | 3,718,309 | 3,996,793 | ||||||
Pool #AS2037, 4.500%, 03/01/44 | 2,760,123 | 3,023,473 |
See Notes to Financial Statements.
68
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AL6223, 4.500%, 08/01/44 | 616,123 | 675,973 | ||||||
Pool #AL7378, 3.000%, 11/01/44 | 3,051,381 | 3,189,219 | ||||||
Pool #AY2685, 4.500%, 01/01/45 | 678,579 | 750,006 | ||||||
Pool #MA2279, 4.000%, 05/01/45 | 2,129,164 | 2,287,370 | ||||||
Pool #AZ9213, 4.000%, 10/01/45 | 5,582,737 | 6,055,209 | ||||||
Pool #BC2470, 3.500%, 02/01/46 | 2,266,612 | 2,442,527 | ||||||
Pool #BC6521, 3.500%, 05/01/46 | 3,280,189 | 3,467,876 | ||||||
Pool #BC8441, 4.000%, 06/01/46 | 1,588,036 | 1,706,975 | ||||||
Pool #BD1154, 3.500%, 08/01/46 | 2,780,951 | 2,943,507 | ||||||
Pool #BD4896, 4.000%, 08/01/46(e) | 3,785,128 | 4,066,869 | ||||||
Pool #BC5673, 4.000%, 08/01/46 | 4,176,703 | 4,499,153 | ||||||
Pool #BC5696, 4.000%, 09/01/46 | 3,452,162 | 3,718,672 | ||||||
|
| |||||||
117,951,009 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Pool #736663, 5.000%, 03/15/40 | 6,209,119 | 6,940,944 | ||||||
Pool #783653, 5.000%, 08/15/40 | 588,106 | 657,679 | ||||||
Pool #MA0321, 5.000%, 08/20/42 | 491,770 | 539,039 | ||||||
Pool #666413, 4.000%, 09/15/43 | 1,238,224 | 1,330,465 | ||||||
Pool #MA2681, 5.000%, 03/20/45 | 1,862,419 | 2,021,102 | ||||||
Pool #AM4159, 4.000%, 04/15/45 | 6,290,994 | 6,762,864 | ||||||
Pool #AM0226, 4.000%, 05/15/45 | 1,283,328 | 1,381,209 | ||||||
Pool #AM9875, 4.000%, 06/15/45 | 1,583,265 | 1,716,251 | ||||||
Pool #AM8631, 4.000%, 07/15/45 | 2,450,360 | 2,637,819 | ||||||
Pool #AN5745, 4.000%, 07/15/45 | 3,147,585 | 3,400,519 | ||||||
Pool #AN5764, 4.000%, 07/15/45 | 1,284,182 | 1,382,315 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AN5766, 4.000%, 07/15/45 | 1,292,847 | 1,389,936 | ||||||
Pool #AN6811, 4.000%, 07/15/45 | 1,094,926 | 1,178,188 | ||||||
Pool #AB5970, 4.000%, 10/15/45 | 2,072,420 | 2,227,935 | ||||||
Pool #AB5975, 4.000%, 11/15/45 | 2,129,542 | 2,294,444 | ||||||
Pool #AO9362, 4.000%, 12/15/45 | 8,727,783 | 9,382,599 | ||||||
Pool #MA3875, 4.000%, 08/20/46 | 4,505,147 | 4,842,789 | ||||||
Pool #AV6530, 4.000%, 08/20/46 | 1,806,931 | 1,958,477 | ||||||
|
| |||||||
52,044,574 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 263,234,369 | |||||||
|
| |||||||
U.S. Treasury Obligations 33.6% | ||||||||
U.S. Treasury Bond 4.6% |
| |||||||
2.500%, 05/15/46 | 44,561,000 | 46,120,635 | ||||||
|
| |||||||
U.S. Treasury Notes 29.0% |
| |||||||
0.625%, 09/30/17(f)(g) | 17,526,000 | 17,517,780 | ||||||
1.250%, 10/31/18 | 4,695,000 | 4,737,546 | ||||||
0.750%, 08/15/19 | 60,575,000 | 60,364,381 | ||||||
1.375%, 02/29/20(f) | 40,872,000 | 41,406,851 | ||||||
1.625%, 07/31/20(f) | 115,208,000 | 117,714,696 | ||||||
1.500%, 08/15/26(d) | 49,590,000 | 49,107,638 | ||||||
|
| |||||||
290,848,892 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations | 336,969,527 | |||||||
|
| |||||||
Foreign Government Bonds 2.0% | ||||||||
Sovereign 2.0% |
| |||||||
Argentine Bonos del Tesoro, 21.200%, 09/19/18 | ARS 149,950,000 | 9,864,096 | ||||||
Argentine Bonos del Tesoro, 22.750%, 03/05/18 | ARS 153,210,000 | 10,228,394 | ||||||
|
| |||||||
Total Foreign Government Bonds | 20,092,490 | |||||||
|
|
See Notes to Financial Statements.
69
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Money Market Funds 4.4% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(h) | 26,076,051 | 26,076,051 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.27%(h)(i) | 17,721,253 | 17,721,253 | ||||||
|
| |||||||
Total Money Market Funds | 43,797,304 | |||||||
|
| |||||||
Total Investments |
| 1,039,841,256 | ||||||
Liabilities in Excess of Other Assets — (3.7)% | (37,210,036 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,002,631,220 | ||||||
|
|
(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 11.5% of net assets as of September 30, 2016. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(c) | Perpetual maturity. |
(d) | The security or a partial position of the security was on loan as of September 30, 2016. The total value of securities on loan as of September 30, 2016 was $17,287,833. |
(e) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(f) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(g) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for centrally cleared credit default swap contracts. |
(h) | Rate disclosed, the 7 day net yield, is as of September 30, 2016. |
(i) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2016 (See Note 2(k)). |
Investment Abbreviation
ARS | — | Argentine Peso | ||
MTN | — | Medium Term Note |
At September 30, 2016, the Fund’s open credit default swap contracts were as follows:
Centrally Cleared Credit Default Swap Contract — Buy Protection
Underlying Instrument | Broker (Exchange) | Notional Amount | Fixed Rate | Expiration Date | Upfront Payments Received | Value | Unrealized Depreciation | |||||||||||||||||||
CDX North America High Yield Index 27 | JPMorgan (ICE) | $100,000,000 | 5.000% | 12/20/21 | $(3,474,531) | $(4,381,853) | $(907,322) |
As the buyer of protection, the Fund pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
OTC Credit Default Swap Contract — Buy Protection
Underlying Instrument | Broker (Exchange) | Notional Amount | Fixed Rate | Expiration Date | Upfront Payments Made | Value | Unrealized Depreciation | |||||||||||||||||||
United Mexican States | JPMorgan (ICE) | $50,000,000 | 1.000% | 12/20/21 | $1,692,884 | $1,596,756 | $(96,128) |
As the buyer of protection, the Fund pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at September 30, 2016.
See Notes to Financial Statements.
70
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Total Return Bond Fund — concluded
Forward Foreign Currency Contracts
At September 30, 2016, 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 | 10/31/16 | 13,288,919 | $ | 10,100,000 | $ | 10,164,937 | $ | (64,937 | ) | ||||||||||||
Australian Dollar | JPMorgan | 11/01/16 | 13,402,175 | 10,070,000 | 10,251,342 | (181,342 | ) | |||||||||||||||
Colombian Peso | JPMorgan | 11/15/16 | 29,600,000,000 | 10,003,379 | 10,186,288 | (182,909 | ) | |||||||||||||||
Colombian Peso | JPMorgan | 11/16/16 | 29,370,000,000 | 10,155,602 | 10,105,553 | 50,049 | ||||||||||||||||
Euro | JPMorgan | 11/14/16 | 17,694,558 | 19,856,314 | 19,914,276 | (57,962 | ) | |||||||||||||||
Euro | JPMorgan | 11/15/16 | 17,943,945 | 20,100,000 | 20,195,804 | (95,804 | ) | |||||||||||||||
New Zealand Dollar | JPMorgan | 10/31/16 | 13,934,331 | 10,100,000 | 10,134,998 | (34,998 | ) | |||||||||||||||
New Zealand Dollar | JPMorgan | 11/02/16 | 13,978,204 | 10,070,000 | 10,166,070 | (96,070 | ) | |||||||||||||||
Norwegian Krone | JPMorgan | 11/15/16 | 165,305,918 | 20,414,893 | 20,680,026 | (265,133 | ) | |||||||||||||||
Pound Sterling | JPMorgan | 11/02/16 | 7,675,469 | 10,070,000 | 9,954,463 | 115,537 | ||||||||||||||||
Yuan Renminbi Offshore | JPMorgan | 02/13/17 | 132,475,860 | 19,809,119 | 19,711,357 | 97,762 | ||||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Total Short Contracts | $ | 150,749,307 | $ | 151,465,114 | $ | (715,807 | ) | |||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Long: | ||||||||||||||||||||||
Australian Dollar | JPMorgan | 10/31/16 | 13,288,919 | $ | 10,058,533 | $ | 10,164,937 | $ | 106,404 | |||||||||||||
Colombian Peso | JPMorgan | 11/15/16 | 29,600,000,000 | 10,000,000 | 10,186,288 | 186,288 | ||||||||||||||||
Colombian Peso | JPMorgan | 11/16/16 | 29,370,000,000 | 10,000,000 | 10,105,554 | 105,554 | ||||||||||||||||
Euro | JPMorgan | 11/15/16 | 17,943,946 | 20,159,574 | 20,195,804 | 36,230 | ||||||||||||||||
New Zealand Dollar | JPMorgan | 10/31/16 | 13,934,331 | 10,089,953 | 10,134,998 | 45,045 | ||||||||||||||||
Norwegian Krone | JPMorgan | 11/15/16 | 165,305,918 | 20,100,000 | 20,680,025 | 580,025 | ||||||||||||||||
Yuan Renminbi Offshore | JPMorgan | 02/13/17 | 132,475,860 | 19,638,564 | 19,711,356 | 72,792 | ||||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Total Long Contracts | $ | 100,046,624 | $ | 101,178,962 | $ | 1,132,338 | ||||||||||||||||
|
|
|
|
|
|
See Notes to Financial Statements.
71
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Security 0.8% |
| |||||||
Student Loan 0.8% |
| |||||||
NCUA Guaranteed Notes Trust, Series 2010-A1, Cl A, 0.863%, 12/07/20(a) | 11,798,027 | 11,771,127 | ||||||
|
| |||||||
Total Asset-Backed Security | 11,771,127 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 50.0% |
| |||||||
Agency Collateralized Mortgage Obligations 24.9% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 2781, Cl FA, REMIC, 0.874%, 04/15/34(a) | 9,682,017 | 9,672,019 | ||||||
Series 328, Cl F4, STRIPS, 0.844%, 02/15/38(a) | 50,241,961 | 50,173,221 | ||||||
Series 3418, Cl FB, REMIC, 0.824%, 04/15/20(a) | 6,364,888 | 6,372,335 | ||||||
Series 3593, Cl F, REMIC, 0.994%, 03/15/36(a) | 3,533,730 | 3,549,103 | ||||||
Series 4057, Cl CF, REMIC, 0.974%, 04/15/39(a) | 12,396,172 | 12,413,803 | ||||||
Series 4093, Cl FB, REMIC, 0.874%, 07/15/39(a) | 6,138,617 | 6,129,830 | ||||||
Series 4247, Cl EF, REMIC, 0.924%, 03/15/32(a) | 2,057,096 | 2,066,796 | ||||||
Series 4416, Cl FB, REMIC, 0.814%, 01/15/40(a) | 13,481,863 | 13,435,374 | ||||||
Series 4474, Cl WF, REMIC, 0.844%, 12/15/36(a) | 23,063,928 | 23,023,555 | ||||||
|
| |||||||
126,836,036 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2010-137, Cl WB, REMIC, 3.054%, 07/25/40(a) | 6,619,503 | 6,883,462 | ||||||
Series 2012-120, Cl AF, REMIC, 0.775%, 02/25/32(a) | 1,725,679 | 1,715,300 | ||||||
Series 2012-93, Cl FL, REMIC, 0.925%, 09/25/32(a) | 5,585,794 | 5,581,123 | ||||||
Series 2013-34, Cl PF, REMIC, 0.875%, 08/25/42(a) | 14,667,942 | 14,630,320 | ||||||
Series 2014-75, Cl FK, REMIC, 0.875%, 12/25/41(a) | 4,584,787 | 4,578,148 | ||||||
Series 2015-42, Cl BF, REMIC, 0.804%, 06/25/45(a) | 26,478,648 | 26,388,327 |
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Mortgage Obligations—continued |
| |||||||
Series 2016-36, Cl FB, REMIC, 1.025%, 03/25/43(a) | 12,624,557 | 12,648,590 | ||||||
|
| |||||||
72,425,270 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Series 2012-98, Cl FM, 0.732%, 12/20/38(a) | 2,332,594 | 2,324,458 | ||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2010-R1, Cl 1A, 0.969%, 10/07/20(a) | 34,205,220 | 34,271,807 | ||||||
Series 2010-R2, Cl 1A, 0.889%, 11/06/17(a) | 41,797,440 | 41,805,281 | ||||||
Series 2010-R2, Cl 2A, 0.989%, 11/05/20(a) | 34,799,557 | 34,789,709 | ||||||
Series 2010-R3, Cl 1A, 1.079%, 12/08/20(a) | 6,694,713 | 6,706,324 | ||||||
Series 2010-R3, Cl 2A, 1.079%, 12/08/20(a) | 2,316,870 | 2,321,701 | ||||||
Series 2011-R1, Cl 1A, 0.975%, 01/08/20(a) | 17,917,180 | 17,951,990 | ||||||
Series 2011-R2, Cl 1A, 0.919%, 02/06/20(a) | 41,341,424 | 41,367,296 | ||||||
Series 2011-R3, Cl 1A, 0.918%, 03/11/20(a) | 1,290,309 | 1,289,641 | ||||||
Series 2011-R4, Cl 1A, 0.904%, 03/06/20(a) | 10,686,280 | 10,690,467 | ||||||
|
| |||||||
191,194,216 | ||||||||
|
| |||||||
392,779,980 | ||||||||
|
| |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 5.2% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3071, Cl ZX, REMIC, 0.824%, 04/15/35(a) | 2,377,407 | 2,370,086 | ||||||
Series 3990, Cl GF, REMIC, 0.924%, 03/15/41(a) | 11,833,828 | 11,844,201 | ||||||
Series 3995, Cl PF, REMIC, 0.974%, 05/15/39(a) | 14,602,146 | 14,647,867 | ||||||
Series 4203, Cl PF, REMIC, 0.774%, 09/15/42(a) | 22,227,894 | 22,028,756 | ||||||
Series 4571, Cl FK, REMIC, 1.124%, 02/15/44(a) | 6,537,577 | 6,542,810 | ||||||
|
| |||||||
57,433,720 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2006-113, Cl NF, REMIC, 0.875%, 09/25/36(a) | 10,429,399 | 10,412,177 |
See Notes to Financial Statements.
72
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(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 2008-24, Cl PF, REMIC, 1.175%, 02/25/38(a) | 2,227,249 | 2,235,689 | ||||||
Series 2013-109, Cl PF, REMIC, 0.875%, 06/25/42(a) | 6,678,771 | 6,659,237 | ||||||
|
| |||||||
19,307,103 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Series 2003-67, Cl FP, 1.432%, 08/20/33(a) | 5,621,875 | 5,710,418 | ||||||
|
| |||||||
82,451,241 | ||||||||
|
| |||||||
Agency Collateralized Support Mortgage Obligation 0.0%(b) |
| |||||||
Federal National Mortgage Association | ||||||||
Series 1994-22, Cl F, REMIC, 1.725%, 01/25/24(a) | 289,582 | 293,921 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 19.9% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series KF11, Cl A, | 14,883,540 | 14,874,232 | ||||||
Series KF15, Cl A, | 12,997,105 | 13,021,481 | ||||||
Series KLH3, Cl A, | 10,000,000 | 10,012,530 | ||||||
Series KS05, Cl A, | 5,986,000 | 5,987,831 | ||||||
|
| |||||||
43,896,074 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2011-M1, Cl FA, 0.975%, 06/25/21(a) | 27,565,689 | 27,561,102 | ||||||
Series 2013-M14, Cl FA, 0.875%, 08/25/18(a) | 22,810,374 | 22,823,916 | ||||||
Series 2014-M5, Cl ASQ2, 2.034%, 03/25/19 | 9,852,787 | 9,977,100 | ||||||
Series 2015-M12, Cl FA, 0.851%, 04/25/20(a) | 35,157,926 | 35,192,575 | ||||||
Series 2015-M13, Cl ASQ2, 1.646%, 09/25/19(c) | 10,615,000 | 10,667,625 | ||||||
Series 2016-M8, Cl FA, 1.025%, 07/25/26(a)(c) | 48,827,010 | 48,391,107 | ||||||
Series 2016-M9, Cl FA, 1.108%, 09/25/23(a) | 63,000,000 | 62,953,449 | ||||||
|
| |||||||
217,566,874 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
FRESB Mortgage Trust | ||||||||
Series 2015-SB3, Cl A5, 2.012%, 08/25/42(a) | 13,041,821 | 13,031,387 | ||||||
Series 2015-SB9, Cl A5, 2.535%, 11/25/35(a) | 24,949,102 | 25,350,783 | ||||||
Series 2016-SB20, Cl A5H, 2.140%, 07/25/36(a) | 12,997,889 | 13,108,371 | ||||||
|
| |||||||
51,490,541 | ||||||||
|
| |||||||
312,953,489 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 788,478,631 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 47.1% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #G11520, 5.000%, 01/01/19 | 1,618,381 | 1,662,659 | ||||||
Pool #G14742, 2.000%, 05/01/23 | 423,154 | 430,198 | ||||||
Pool #1B8683, 2.922%, 04/01/34(a) | 11,183,714 | 11,825,368 | ||||||
Pool #848744, 2.772%, 05/01/34(a) | 14,399,638 | 15,183,420 | ||||||
Pool #848736, 2.720%, 05/01/35(a) | 23,419,963 | 24,635,518 | ||||||
Pool #848747, 2.989%, 07/01/36(a) | 13,545,700 | 14,289,695 | ||||||
Pool #1Q1195, 2.713%, 05/01/37(a) | 12,219,661 | 12,921,297 | ||||||
Pool #848796, 2.845%, 05/01/37(a) | 25,403,770 | 26,829,166 | ||||||
Pool #848852, 2.898%, 08/01/37(a) | 17,481,356 | 18,462,369 | ||||||
Pool #1Q1420, 2.945%, 09/01/39(a) | 18,054,677 | 19,104,946 | ||||||
Pool #2B0607, 2.613%, 06/01/42(a) | 2,620,781 | 2,691,596 | ||||||
Pool #849139, 3.116%, 09/01/43(a) | 2,961,271 | 3,090,645 | ||||||
Pool #849283, 2.962%, 03/01/44(a) | 18,116,471 | 18,832,681 | ||||||
|
| |||||||
169,959,558 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #888015, 6.000%, 11/01/16 | 11,244 | 11,233 | ||||||
Pool #889232, 5.440%, 06/01/17 | 1,303,123 | 1,306,062 | ||||||
Pool #888969, 5.911%, 11/01/17 | 2,673,082 | 2,750,848 |
See Notes to Financial Statements.
73
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #467010, 3.520%, 01/01/18 | 5,390,126 | 5,492,419 | ||||||
Pool #385912, 5.350%, 02/01/18 | 5,414,895 | 5,570,095 | ||||||
Pool #467288, 2.800%, 03/01/18 | 1,529,468 | 1,552,727 | ||||||
Pool #468279, 3.470%, 06/01/18 | 3,723,233 | 3,802,822 | ||||||
Pool #709832, 4.500%, 06/01/18 | 2,507,450 | 2,572,075 | ||||||
Pool #721333, 4.500%, 06/01/18 | 2,448,749 | 2,511,375 | ||||||
Pool #254906, 4.500%, 10/01/18 | 9,068,428 | 9,318,382 | ||||||
Pool #AL8274, 4.500%, 12/01/18 | 7,253,686 | 7,449,342 | ||||||
Pool #AM7163, 0.946%, 05/01/19(a) | 10,708,493 | 10,699,251 | ||||||
Pool #AM6261, 0.745%, 07/01/19(c) | 15,370,000 | 15,368,383 | ||||||
Pool #AM7028, | 18,405,000 | 18,385,434 | ||||||
Pool #AN3353, 1.094%, 09/01/21(d) | 10,750,000 | 10,756,719 | ||||||
Pool #AM9893, 0.876%, 10/01/21(a) | 27,500,000 | 27,500,783 | ||||||
Pool #469856, 1.286%, 12/01/21(a)(c) | 17,690,000 | 17,642,896 | ||||||
Pool #AM9040, | 17,995,000 | 17,982,293 | ||||||
Pool #AM9651, 0.796%, 08/01/22(a) | 14,330,000 | 14,332,591 | ||||||
Pool #AM7213, 1.146%, 08/01/22(a) | 4,540,000 | 4,536,120 | ||||||
Pool #AM2292, 0.846%, 01/01/23(a) | 4,619,681 | 4,602,548 | ||||||
Pool #AM2354, 0.886%, 01/01/23(a) | 2,773,699 | 2,769,679 | ||||||
Pool #AN2256, 1.076%, 07/01/23(a) | 17,775,000 | 17,779,375 | ||||||
Pool #AN2605, 0.954%, 08/01/23(a) | 10,000,000 | 9,997,416 | ||||||
Pool #AN1582, 0.964%, 09/01/23(a) | 14,525,000 | 14,530,750 | ||||||
Pool #AM4611, 0.956%, 11/01/23(a) | 4,738,732 | 4,738,943 | ||||||
Pool #AN2868, 1.012%, 12/01/24(a) | 4,700,000 | 4,675,266 | ||||||
Pool #AL0222, 2.723%, 07/01/34(a) | 8,171,775 | 8,623,672 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AD0064, 2.453%, 01/01/35(a) | 7,518,496 | 7,824,407 | ||||||
Pool #AD7165, 2.406%, 04/01/35(a) | 1,781,164 | 1,875,830 | ||||||
Pool #995609, 2.901%, 04/01/35(a) | 1,669,272 | 1,769,563 | ||||||
Pool #822302, 2.917%, 05/01/35(a) | 2,770,443 | 2,932,271 | ||||||
Pool #AL0505, 2.843%, 11/01/35(a) | 7,480,185 | 7,931,740 | ||||||
Pool #AL0345, 2.893%, 11/01/35(a) | 3,531,766 | 3,725,387 | ||||||
Pool #AD0377, 2.488%, 01/01/36(a) | 1,759,600 | 1,833,851 | ||||||
Pool #995540, 2.664%, 01/01/36(a) | 5,892,022 | 6,217,700 | ||||||
Pool #888722, 2.730%, 01/01/36(a) | 1,676,264 | 1,758,110 | ||||||
Pool #AL1015, 2.723%, 04/01/36(a) | 1,843,661 | 1,947,310 | ||||||
Pool #AL0854, 2.804%, 06/01/36(a) | 5,291,361 | 5,591,933 | ||||||
Pool #AL2202, 2.814%, 06/01/36(a) | 7,966,669 | 8,386,919 | ||||||
Pool #AA3517, 2.631%, 11/01/36(a) | 4,630,347 | 4,851,738 | ||||||
Pool #AL0968, 2.776%, 12/01/36(a) | 12,472,422 | 13,166,301 | ||||||
Pool #906216, 2.555%, 01/01/37(a) | 2,060,044 | 2,180,691 | ||||||
Pool #AL0872, 2.436%, 07/01/37(a) | 3,576,325 | 3,730,994 | ||||||
Pool #AL0960, 2.794%, 07/01/37(a) | 13,892,313 | 14,649,439 | ||||||
Pool #AD0380, 2.698%, 10/01/37(a) | 6,600,848 | 6,953,009 | ||||||
Pool #AL0966, 2.669%, 11/01/37(a) | 5,635,478 | 5,955,156 | ||||||
Pool #AE0332, 2.746%, 11/01/37(a) | 5,353,602 | 5,671,048 | ||||||
Pool #AL0270, 2.731%, 08/01/38(a) | 12,080,489 | 12,706,074 | ||||||
Pool #AL6516, 2.694%, 04/01/40(a) | 12,615,643 | 13,273,172 | ||||||
Pool #AL5295, 2.896%, 09/01/40(a) | 13,030,594 | 13,715,866 | ||||||
Pool #AE0544, 2.613%, 11/01/40(a) | 7,988,165 | 8,437,223 | ||||||
Pool #AL7812, 2.762%, 11/01/40(a) | 24,362,254 | 25,612,250 |
See Notes to Financial Statements.
74
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AL0323, 3.027%, 06/01/41(a) | 8,616,322 | 9,032,713 | ||||||
Pool #AL1801, 2.950%, 05/01/42(a) | 5,622,575 | 5,850,859 | ||||||
Pool #AI3544, 2.412%, 05/01/43(a) | 3,205,854 | 3,300,507 | ||||||
Pool #AV9481, 1.997%, 07/01/43(a) | 1,072,845 | 1,103,506 | ||||||
Pool #AT1150, 2.783%, 09/01/43(a) | 10,294,580 | 10,679,311 | ||||||
Pool #AT1155, 2.975%, 09/01/43(a) | 3,245,579 | 3,365,152 | ||||||
Pool #AU6696, 2.742%, 10/01/43(a) | 17,491,109 | 18,135,735 | ||||||
Pool #AL5406, 3.241%, 06/01/44(a) | 7,644,131 | 7,993,295 | ||||||
Pool #AW2253, 3.023%, 08/01/44(a) | 2,854,052 | 2,963,517 | ||||||
Pool #AL5643, 2.977%, 09/01/44(a) | 1,976,629 | 2,053,830 | ||||||
Pool #AL5793, 3.133%, 09/01/44(a) | 3,938,853 | 4,101,654 | ||||||
Pool #AX5937, 2.435%, 11/01/44(a) | 943,341 | 966,900 | ||||||
Pool #AX9332, 3.038%, 12/01/44(a) | 8,858,661 | 9,222,244 | ||||||
Pool #AY2431, 2.240%, 02/01/45(a) | 4,424,046 | 4,541,307 | ||||||
Pool #AY7185, 2.445%, 04/01/45(a) | 3,995,314 | 4,095,491 | ||||||
Pool #AZ7163, 2.612%, 07/01/45(a) | 1,711,492 | 1,765,268 | ||||||
Pool #AZ8772, 2.707%, 09/01/45(a) | 5,178,368 | 5,349,227 | ||||||
Pool #BD2950, 2.396%, 07/01/46(a) | 6,373,402 | 6,528,285 | ||||||
Pool #BA3816, 2.601%, 07/01/46(a) | 7,806,529 | 8,054,260 | ||||||
Pool #BD2257, 2.432%, 08/01/46(a) | 5,513,788 | 5,649,539 | ||||||
Pool #BD3394, 2.546%, 08/01/46(a) | 3,988,715 | 4,101,294 | ||||||
|
| |||||||
548,811,375 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Pool #082480, 2.000%, 02/20/40(a) | 892,276 | 925,944 | ||||||
Pool #082540, 2.125%, 05/20/40(a) | 5,195,514 | 5,342,481 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #082542, 2.125%, 05/20/40(a) | 2,379,639 | 2,442,262 | ||||||
Pool #082580, 2.750%, 07/20/40(a) | 2,037,240 | 2,102,050 | ||||||
Pool #082627, 3.000%, 09/20/40(a) | 3,196,522 | 3,296,789 | ||||||
Pool #082904, 1.875%, 08/20/41(a) | 1,490,505 | 1,539,438 | ||||||
Pool #MA0414, 1.875%, 09/20/42(a) | 5,041,571 | 5,203,507 | ||||||
Pool #MA1100, 2.000%, 06/20/43(a) | 3,042,599 | 3,108,931 | ||||||
|
| |||||||
23,961,402 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 742,732,335 | |||||||
|
| |||||||
U.S. Treasury Obligation 0.1% |
| |||||||
U.S. Treasury Note 0.1% |
| |||||||
0.625%, 11/15/16 | 1,000,000 | 1,000,508 | ||||||
|
| |||||||
Total U.S. Treasury Obligation | 1,000,508 | |||||||
|
| |||||||
Money Market Fund 2.3% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(e) | 36,783,387 | 36,783,387 | ||||||
|
| |||||||
Total Money Market Fund | 36,783,387 | |||||||
|
| |||||||
Total Investments |
| 1,580,765,988 | ||||||
Liabilities in Excess of Other Assets — (0.3)% | (5,053,478 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,575,712,510 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
REMIC | — | Real Estate Mortgage Investment Conduit | ||
STRIPS | — | Separate Trading of Registered Interest and Principal Securities |
See Notes to Financial Statements.
75
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix U.S. Government Securities Ultra-Short Bond Fund — concluded
Open Futures Contracts
At September 30, 2016, 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 | $(113,361,986) | December 2016 | 519 | $(23,296) | |||||||||||||||
U.S. Treasury 5 Year Note | Short | (35,230,278) | December 2016 | 290 | (9,253) | |||||||||||||||
|
| |||||||||||||||||||
$(32,549) | ||||||||||||||||||||
|
|
See Notes to Financial Statements.
76
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix U.S. Mortgage Fund
Shares or Principal Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations 10.5% | ||||||||
Commercial Mortgage Backed Securities 10.5% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series K009, Cl X2, 5.362%, 09/25/40(a) | 1,560,623 | 279,454 | ||||||
Series K021, Cl X1, 1.617%, 06/25/22(a) | 5,050,461 | 353,104 | ||||||
|
| |||||||
632,558 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2006-M2, Cl A2A, 5.271%, 10/25/32(a) | 467,627 | 516,007 | ||||||
Series 2013-M6, Cl X1, 2.293%, 02/25/43(a) | 3,742,883 | 231,445 | ||||||
|
| |||||||
747,452 | ||||||||
|
| |||||||
FREMF Mortgage Trust | ||||||||
Series 2011-K10, Cl B, 4.790%, 11/25/49(a)(b) | 285,000 | 309,597 | ||||||
Series 2012-K20, Cl B, 4.005%, 05/25/45(a)(b) | 100,000 | 106,704 | ||||||
Series 2012-K20, Cl X2A, 0.200%, 05/25/45(b) | 8,766,064 | 77,812 | ||||||
Series 2012-K21, Cl B, 4.071%, 07/25/45(a)(b) | 300,000 | 321,062 | ||||||
Series 2013-K25, Cl B, 3.743%, 11/25/45(a)(b) | 122,000 | 128,135 | ||||||
|
| |||||||
943,310 | ||||||||
|
| |||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2012-BWTR, Cl A, 2.954%, 11/05/34(b) | 265,000 | 274,885 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(b) | 109,000 | 112,741 | ||||||
|
| |||||||
387,626 | ||||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2011-C5, Cl A3, 4.171%, 08/15/46 | 314,406 | 344,307 | ||||||
|
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2012-STAR, Cl XA1, 1.973%, 08/05/34(a)(b) | 7,667,903 | 418,595 | ||||||
Series 2014-CPT, Cl A, 3.350%, 07/13/29(b) | 300,000 | 318,384 | ||||||
|
| |||||||
736,979 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 3,792,232 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages 86.0% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #C01785, 5.000%, 02/01/34 | 165,505 | 184,660 | ||||||
Pool #C91768, 3.500%, 07/01/34 | 827,474 | 880,111 | ||||||
Pool #G01838, 5.000%, 07/01/35 | 139,395 | 155,913 | ||||||
Pool #Z40115, 6.000%, 05/01/36 | 238,263 | 276,181 | ||||||
Pool #Z40004, 6.000%, 08/01/36 | 47,589 | 54,847 | ||||||
Pool #A85718, 4.000%, 04/01/39 | 59,034 | 64,693 | ||||||
Pool #G05477, 4.500%, 05/01/39 | 214,531 | 238,788 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 37,787 | 41,439 | ||||||
Pool #G05606, 4.500%, 07/01/39 | 423,834 | 465,835 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 118,012 | 127,109 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 184,853 | 203,196 | ||||||
Pool #Q30058, 3.000%, 01/01/40 | 187,699 | 195,225 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 236,472 | 262,356 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 132,708 | 143,562 | ||||||
Pool #A95085, 4.000%, 11/01/40 | 656,014 | 706,527 | ||||||
Pool #A95796, 4.000%, 12/01/40 | 80,084 | 86,266 | ||||||
Pool #G07068, 5.000%, 07/01/41 | 502,873 | 556,883 | ||||||
Pool #G60126, 4.500%, 11/01/41 | 227,506 | 249,455 | ||||||
Pool #G07031, 4.000%, 05/01/42 | 522,506 | 565,970 | ||||||
Pool #C04123, 4.000%, 07/01/42 | 344,356 | 373,415 | ||||||
Pool #Q09949, 3.000%, 08/01/42(c) | 49,148 | 51,189 | ||||||
Pool #Q10929, 3.500%, 09/01/42 | 440,559 | 466,444 | ||||||
Pool #Q11651, 3.000%, 10/01/42 | 115,972 | 120,805 | ||||||
Pool #G60019, 4.500%, 03/01/44 | 400,371 | 439,952 | ||||||
Pool #Q26366, 4.000%, 05/01/44 | 229,956 | 250,203 | ||||||
Pool #V81283, 4.000%, 07/01/44 | 425,293 | 456,720 | ||||||
Pool #G60589, 4.000%, 02/01/45 | 546,835 | 586,516 | ||||||
Pool #Q31645, 4.000%, 02/01/45 | 114,443 | 123,463 | ||||||
Pool #Q36238, 4.000%, 09/01/45 | 468,789 | 503,588 | ||||||
Pool #Q38473, 4.000%, 01/01/46 | 470,208 | 504,329 | ||||||
Pool #Q40123, 3.500%, 04/01/46 | 244,613 | 261,542 | ||||||
Pool #Q40124, 3.500%, 04/01/46 | 255,364 | 272,666 | ||||||
Pool #Q40723, 4.000%, 05/01/46 | 520,705 | 558,698 | ||||||
|
| |||||||
10,428,546 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AM2780, 1.770%, 09/01/19 | 468,518 | 474,801 | ||||||
Pool #MA1688, 3.500%, 12/01/33 | 64,471 | 68,609 | ||||||
Pool #MA1763, 3.500%, 01/01/34 | 111,405 | 118,526 | ||||||
Pool #AL0049, 6.000%, 12/01/35 | 40,879 | 47,180 | ||||||
Pool #190370, 6.000%, 06/01/36 | 58,933 | 67,677 | ||||||
Pool #AB6401, 3.000%, 10/01/37 | 338,252 | 352,715 | ||||||
Pool #889529, 6.000%, 03/01/38 | 257,142 | 299,231 |
See Notes to Financial Statements.
77
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix U.S. Mortgage Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #889579, 6.000%, 05/01/38 | 221,071 | 253,647 | ||||||
Pool #AE0814, 6.000%, 09/01/39 | 558,512 | 640,164 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 9,528 | 10,236 | ||||||
Pool #AX3605, 3.500%, 01/01/40 | 207,685 | 219,381 | ||||||
Pool #932441, 4.000%, 01/01/40 | 245,123 | 263,337 | ||||||
Pool #AL7497, 3.500%, 09/01/40(d) | 1,684,724 | 1,784,200 | ||||||
Pool #AE3860, 5.000%, 10/01/40 | 646,068 | 718,928 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 35,600 | 38,330 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 34,520 | 37,344 | ||||||
Pool #MA0639, 4.000%, 02/01/41 | 622,154 | 670,159 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 158,678 | 174,499 | ||||||
Pool #890381, 3.500%, 10/01/41 | 330,589 | 350,249 | ||||||
Pool #AW8154, 3.500%, 01/01/42 | 987,369 | 1,051,032 | ||||||
Pool #AJ9327, 3.500%, 01/01/42 | 142,114 | 151,627 | ||||||
Pool #AJ9317, 4.000%, 01/01/42 | 647,855 | 698,762 | ||||||
Pool #MA0971, 4.000%, 02/01/42 | 121,067 | 130,455 | ||||||
Pool #AI9101, 3.500%, 04/01/42 | 432,459 | 462,500 | ||||||
Pool #AB5188, 3.500%, 05/01/42 | 73,548 | 77,894 | ||||||
Pool #AZ0572, 3.000%, 06/01/42 | 99,820 | 103,840 | ||||||
Pool #AO8632, 3.500%, 07/01/42 | 1,292,315 | 1,375,364 | ||||||
Pool #AP7874, 3.500%, 10/01/42 | 129,617 | 137,279 | ||||||
Pool #AB8726, 3.500%, 03/01/43 | 91,003 | 96,333 | ||||||
Pool #AV3452, 4.000%, 02/01/44 | 183,129 | 196,845 | ||||||
Pool #AL6223, 4.500%, 08/01/44(d) | 669,109 | 734,107 | ||||||
Pool #AL7378, 3.000%, 11/01/44 | 434,083 | 453,691 | ||||||
Pool #AY2685, 4.500%, 01/01/45 | 81,482 | 90,059 | ||||||
Pool #MA2279, 4.000%, 05/01/45 | 188,890 | 202,925 | ||||||
Pool #MA2341, 4.500%, 06/01/45 | 184,245 | 202,288 | ||||||
Pool #AY8851, 4.000%, 08/01/45 | 319,588 | 344,267 | ||||||
Pool #AZ5755, 3.500%, 09/01/45 | 655,288 | 699,286 | ||||||
Pool #AZ9213, 4.000%, 10/01/45 | 711,480 | 771,693 | ||||||
Pool #BC2470, 3.500%, 02/01/46 | 199,594 | 215,085 | ||||||
Pool #BD1154, 3.500%, 08/01/46 | 99,855 | 105,691 | ||||||
Pool #BD4896, 4.000%, 08/01/46(c) | 259,619 | 278,943 | ||||||
Pool #BC5696, 4.000%, 09/01/46 | 1,101,000 | 1,185,998 | ||||||
|
| |||||||
16,355,177 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Pool #736663, 5.000%, 03/15/40 | 557,251 | 622,930 | ||||||
Pool #AA5471, 4.000%, 12/15/41 | 784,048 | 844,143 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #MA0321, 5.000%, 08/20/42 | 22,959 | 25,166 | ||||||
Pool #666413, 4.000%, 09/15/43 | 58,018 | 62,340 | ||||||
Pool #MA2681, 5.000%, 03/20/45 | 647,040 | 702,170 | ||||||
Pool #AM4159, 4.000%, 04/15/45 | 557,115 | 598,902 | ||||||
Pool #AM9875, 4.000%, 06/15/45 | 197,487 | 214,074 | ||||||
Pool #AN6811, 4.000%, 07/15/45 | 663,243 | 713,678 | ||||||
Pool #AB5970, 4.000%, 10/15/45 | 142,446 | 153,135 | ||||||
Pool #AB5975, 4.000%, 11/15/45 | 69,905 | 75,318 | ||||||
Pool #AV6530, 4.000%, 08/20/46 | 199,676 | 216,423 | ||||||
|
| |||||||
4,228,279 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 31,012,002 | |||||||
|
| |||||||
Money Market Fund 4.0% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(e) | 1,422,449 | 1,422,449 | ||||||
|
| |||||||
Total Money Market Fund | 1,422,449 | |||||||
|
| |||||||
Total Investments | 36,226,683 | |||||||
Liabilities in Excess of Other | (167,821 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 36,058,862 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(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 5.7% of net assets as of September 30, 2016. |
(c) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(d) | 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. |
(e) | Rate disclosed, the 7 day yield, is as of September 30, 2016. |
See Notes to Financial Statements.
78
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Ultra-Short Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 21.5% | ||||||||
Auto Floor Plan 2.4% |
| |||||||
BMW Floorplan Master Owner Trust, Series 2015-1A, Cl A, 1.024%, 07/15/20(a)(b) | 1,100,000 | 1,101,386 | ||||||
Mercedes-Benz Master Owner Trust, Series 2016-AA, Cl A, 1.104%, 05/15/20(a)(b) | 1,000,000 | 1,003,104 | ||||||
|
| |||||||
2,104,490 | ||||||||
|
| |||||||
Automobiles 6.0% |
| |||||||
AmeriCredit Automobile Receivables Trust, Series 2013-5, Cl B, 1.520%, 01/08/19 | 1,055,000 | 1,056,016 | ||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl B, 1.600%, 07/08/19 | 500,000 | 500,985 | ||||||
Capital Auto Receivables Asset Trust, Series 2013-3, Cl A4, 1.680%, 04/20/18 | 532,483 | 533,004 | ||||||
Capital Auto Receivables Asset Trust, Series 2014-2, Cl B, 2.030%, 12/20/18(c) | 1,250,000 | 1,255,587 | ||||||
Capital Auto Receivables Asset Trust, Series 2015-3, Cl A1A, 1.390%, 02/20/18(b) | 338,711 | 339,026 | ||||||
Chrysler Capital Auto Receivables Trust, Series 2013-BA, Cl B, 1.780%, 06/17/19(b) | 500,000 | 502,031 | ||||||
First Investors Auto Owner Trust, Series 2013-1A, Cl B, 1.810%, 10/15/18(b) | 62,786 | 62,798 | ||||||
Ford Credit Auto Owner Trust, Series 2013-B, Cl B, 1.110%, 10/15/18 | 300,000 | 298,695 | ||||||
Hyundai Auto Receivables Trust, Series 2014-A, Cl B, 1.730%, 08/15/19 | 585,000 | 586,633 | ||||||
Nissan Auto Lease Trust, Series 2016-B, Cl A2B, 0.780%, 12/17/18(a) | 125,000 | 124,999 | ||||||
Volkswagen Auto Lease Trust, Series 2015-A, Cl A2A, 0.870%, 06/20/17 | 88,816 | 88,813 | ||||||
|
| |||||||
5,348,587 | ||||||||
|
| |||||||
Credit Card 10.3% |
| |||||||
American Express Credit Account Master Trust, Series 2013-2, Cl A, 0.944%, 05/17/21(a) | 1,302,000 | 1,306,074 |
Shares or Principal Amount($) | Value($) | |||||||
Credit Card—continued |
| |||||||
American Express Issuance Trust II, Series 2013-1, Cl A, 0.804%, 02/15/19(a) | 750,000 | 751,488 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-4, Cl A, 0.914%, 09/15/20(a) | 100,000 | 100,158 | ||||||
Cabela’s Credit Card Master Note Trust, Series 2014-2, Cl A, 0.974%, 07/15/22(a) | 1,512,000 | 1,503,694 | ||||||
Capital One Multi-Asset Execution Trust, Series 2005-B3, Cl B3, 1.230%, 05/15/28(a)(c) | 1,000,000 | 944,956 | ||||||
Capital One Multi-Asset Execution Trust, Series 2014-A5, Cl A5, 1.480%, 07/15/20 | 150,000 | 150,658 | ||||||
Chase Issuance Trust, Series 2007-B1, Cl B1, 0.774%, 04/15/19(a) | 1,157,000 | 1,156,282 | ||||||
Citibank Credit Card Issuance Trust, Series 2006-A8, Cl A8, 0.720%, 12/17/18(a) | 540,000 | 539,960 | ||||||
Evergreen Credit Card Trust, Series 2016-1, Cl A, 1.244%, 04/15/20(a)(b) | 1,200,000 | 1,205,422 | ||||||
Synchrony Credit Card Master Note Trust, Series 2012-3, Cl B, 1.524%, 03/15/20(a) | 426,000 | 426,783 | ||||||
Trillium Credit Card Trust II, Series 2016-1A, Cl A, 1.242%, 05/26/21(a)(b) | 1,000,000 | 1,002,007 | ||||||
|
| |||||||
9,087,482 | ||||||||
|
| |||||||
Other 1.7% |
| |||||||
Centerpoint Energy Transition Bond Co. III LLC, Series 2008-A, Cl A1, 4.192%, 02/01/20 | 2,848 | 2,876 | ||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(b) | 1,002,167 | 1,030,606 | ||||||
Taco Bell Funding LLC, Series 2016-1A, Cl A2I, 3.832%, 05/25/46(b) | 500,000 | 507,022 | ||||||
|
| |||||||
1,540,504 | ||||||||
|
| |||||||
Student Loan Asset Backed Security 1.1% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.775%, 09/25/19(a) | 942,011 | 938,544 | ||||||
|
| |||||||
Total Asset-Backed Securities (Cost $18,954,725) | 19,019,607 | |||||||
|
|
See Notes to Financial Statements.
79
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations 21.1% |
| |||||||
Agency Collateralized Mortgage Obligations 8.6% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 2839, Cl TS, REMIC, 5.000%, 08/15/19 | 1,204,420 | 1,237,587 | ||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2010-R1, Cl 1A, 0.969%, 10/07/20(a) | 2,584,190 | 2,589,221 | ||||||
Series 2010-R3, Cl 1A, 1.079%, 12/08/20(a) | 2,559,911 | 2,564,350 | ||||||
Series 2011-R1, Cl 1A, 0.975%, 01/08/20(a) | 1,214,990 | 1,217,351 | ||||||
|
| |||||||
6,370,922 | ||||||||
|
| |||||||
7,608,509 | ||||||||
|
| |||||||
Commercial Mortgage Backed Securities 12.3% |
| |||||||
Commercial Mortgage Trust | ||||||||
Series 2012-CR2, Cl A2, 2.025%, 08/15/45 | 140,775 | 141,176 | ||||||
Series 2012-LC4, Cl A2, 2.256%, 12/10/44 | 210,956 | 211,238 | ||||||
|
| |||||||
352,414 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2016-M8, Cl FA, 1.025%, 07/25/26(a)(c) | 2,998,588 | 2,971,818 | ||||||
Series 2016-M9, Cl FA, 1.108%, 09/25/23(a) | 3,500,000 | 3,497,414 | ||||||
|
| |||||||
6,469,232 | ||||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2012-GCJ7, Cl A2, 2.318%, 05/10/45 | 166,707 | 167,179 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2010-C2, Cl A3, 4.070%, 11/15/43(b) | 523,000 | 558,643 | ||||||
Series 2013-C13, Cl A1, 1.303%, 01/15/46 | 438,934 | 438,952 | ||||||
|
| |||||||
997,595 | ||||||||
|
| |||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||
Series 2013-C12, Cl A1, 1.313%, 10/15/46 | 617,003 | 617,045 | ||||||
Series 2014-C14, Cl A1, 1.250%, 02/15/47 | 252,498 | 251,938 | ||||||
|
| |||||||
868,983 | ||||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2012-C7, Cl AFL, 1.730%, 06/15/45(a)(b) | 515,000 | 522,833 |
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Series 2012-C8, Cl A2, 1.881%, 08/15/45 | 525,027 | 526,983 | ||||||
Series 2012-C8, Cl AFL, 1.530%, 08/15/45(a)(b) | 1,000,000 | 1,004,105 | ||||||
|
| |||||||
2,053,921 | ||||||||
|
| |||||||
10,909,324 | ||||||||
|
| |||||||
Whole Loan Collateral Mortgage Obligation 0.2% |
| |||||||
Banc of America Mortgage Securities, Inc. | ||||||||
Series 2003-F, Cl 1A1, 3.123%, 07/25/33(a) | 199,431 | 190,643 | ||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 18,708,476 | |||||||
|
| |||||||
Corporate Bonds 46.4% |
| |||||||
Aerospace/Defense 0.5% |
| |||||||
Lockheed Martin Corp., 1.850%, 11/23/18 | 414,000 | 418,960 | ||||||
|
| |||||||
Auto Manufacturers 5.4% |
| |||||||
BMW U.S. Capital LLC, 1.500%, 04/11/19(b) | 575,000 | 575,903 | ||||||
Daimler Finance North America LLC, 1.617%, 08/01/18(a)(b) | 1,405,000 | 1,411,962 | ||||||
Ford Motor Credit Co. LLC, 1.459%, 01/17/17, Series 00, MTN(a)(c) | 550,000 | 550,446 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 465,000 | 488,089 | ||||||
General Motors Financial Co., Inc., 2.400%, 05/09/19 | 750,000 | 754,228 | ||||||
PACCAR Financial Corp., 1.435%, 12/06/18, MTN(a) | 445,000 | 448,046 | ||||||
Volkswagen International Finance NV, 1.241%, 11/18/16(a)(b) | 585,000 | 585,183 | ||||||
|
| |||||||
4,813,857 | ||||||||
|
| |||||||
Banks 9.4% |
| |||||||
Bank of America Corp., 2.000%, 01/11/18 | 1,182,000 | 1,187,442 | ||||||
Branch Banking & Trust Co., 1.050%, 12/01/16 | 1,355,000 | 1,355,176 | ||||||
Citigroup, Inc., 2.500%, 09/26/18 | 800,000 | 812,695 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 1,445,000 | 1,524,527 | ||||||
JPMorgan Chase & Co., 6.125%, 06/27/17(c) | 950,000 | 981,996 | ||||||
KeyBank NA, 1.315%, 11/25/16(a)(c) | 1,330,000 | 1,330,387 |
See Notes to Financial Statements.
80
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued |
| |||||||
Lloyds Bank PLC, 1.750%, 05/14/18 | 1,156,000 | 1,159,416 | ||||||
|
| |||||||
8,351,639 | ||||||||
|
| |||||||
Beverages 1.7% |
| |||||||
Anheuser-Busch InBev Finance, Inc., 1.900%, 02/01/19 | 1,063,000 | 1,073,262 | ||||||
Molson Coors Brewing Co., 1.450%, 07/15/19 | 406,000 | 404,823 | ||||||
|
| |||||||
1,478,085 | ||||||||
|
| |||||||
Biotechnology 0.6% |
| |||||||
Celgene Corp., 2.125%, 08/15/18 | 560,000 | 565,984 | ||||||
|
| |||||||
Chemicals 1.5% |
| |||||||
Chevron Phillips Chemical Co. LLC, 1.700%, 05/01/18(b) | 1,283,000 | 1,281,753 | ||||||
|
| |||||||
Computers 1.0% |
| |||||||
Diamond 1 Finance Corp./Diamond 2 Finance Corp., 3.480%, 06/01/19(b) | 833,000 | 856,715 | ||||||
|
| |||||||
Electric 2.9% |
| |||||||
Duke Energy Corp., 1.226%, 04/03/17(a) | 785,000 | 785,819 | ||||||
Emera U.S. Finance LP, 2.150%, 06/15/19(b) | 825,000 | 834,024 | ||||||
MidAmerican Energy Co., 5.300%, 03/15/18 | 905,000 | 958,208 | ||||||
|
| |||||||
2,578,051 | ||||||||
|
| |||||||
Electronics 0.9% |
| |||||||
Fortive Corp., 1.800%, 06/15/19(b) | 745,000 | 747,048 | ||||||
|
| |||||||
Healthcare-Products 2.7% |
| |||||||
Becton Dickinson and Co., 1.800%, 12/15/17 | 1,237,000 | 1,242,631 | ||||||
Medtronic, Inc., 1.500%, 03/15/18 | 1,107,000 | 1,111,988 | ||||||
|
| |||||||
2,354,619 | ||||||||
|
| |||||||
Healthcare-Services 5.4% |
| |||||||
Aetna, Inc., 1.750%, 05/15/17 | 490,000 | 491,734 | ||||||
Aetna, Inc., 1.900%, 06/07/19 | 752,000 | 758,900 | ||||||
Providence Health & Services Obligated Group, 1.446%, 10/01/16(a)(c) | 1,250,000 | 1,250,000 | ||||||
UnitedHealth Group, Inc., 1.875%, 11/15/16 | 1,190,000 | 1,191,244 | ||||||
UnitedHealth Group, Inc., 6.000%, 02/15/18 | 1,039,000 | 1,104,262 | ||||||
|
| |||||||
4,796,140 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Housewares 0.8% |
| |||||||
Newell Brands, Inc., 2.600%, 03/29/19 | 727,000 | 743,314 | ||||||
|
| |||||||
Insurance 0.5% |
| |||||||
Berkshire Hathaway Finance Corp., 1.700%, 03/15/19 | 455,000 | 459,176 | ||||||
|
| |||||||
Internet 0.4% |
| |||||||
eBay, Inc., 2.500%, 03/09/18 | 371,000 | 376,247 | ||||||
|
| |||||||
Media 1.6% |
| |||||||
Comcast Corp., 5.875%, 02/15/18 | 1,365,000 | 1,449,825 | ||||||
|
| |||||||
Oil & Gas 2.7% |
| |||||||
BP Capital Markets PLC, 1.487%, 09/26/18(a) | 1,000,000 | 1,004,660 | ||||||
Shell International Finance BV, 0.900%, 11/15/16 | 1,350,000 | 1,349,932 | ||||||
|
| |||||||
2,354,592 | ||||||||
|
| |||||||
Oil & Gas Services 0.8% |
| |||||||
Schlumberger Holdings Corp., 1.900%, 12/21/17(b) | 726,000 | 730,581 | ||||||
|
| |||||||
Pharmaceuticals 1.8% |
| |||||||
AbbVie, Inc., 1.800%, 05/14/18 | 676,000 | 678,762 | ||||||
McKesson Corp., 2.284%, 03/15/19 | 310,000 | 315,472 | ||||||
Shire Acquisitions Investments Ireland DAC, 1.900%, 09/23/19 | 618,000 | 617,683 | ||||||
|
| |||||||
1,611,917 | ||||||||
|
| |||||||
Pipelines 2.3% |
| |||||||
Enbridge, Inc., 1.296%, 10/01/16(a) | 636,000 | 636,000 | ||||||
Kinder Morgan, Inc., 2.000%, 12/01/17 | 594,000 | 594,330 | ||||||
TransCanada PipeLines Ltd., 1.625%, 11/09/17 | 800,000 | 802,119 | ||||||
|
| |||||||
2,032,449 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.7% |
| |||||||
American Tower Corp., 4.500%, 01/15/18(c) | 555,000 | 575,627 | ||||||
|
| |||||||
Retail 0.6% |
| |||||||
CVS Health Corp., 1.900%, 07/20/18 | 562,000 | 567,438 | ||||||
|
| |||||||
Telecommunication Services 0.8% |
| |||||||
Verizon Communications, Inc., 1.234%, 06/09/17(a) | 325,000 | 325,472 | ||||||
Verizon Communications, Inc., 1.375%, 08/15/19 | 404,000 | 402,052 | ||||||
|
| |||||||
727,524 | ||||||||
|
|
See Notes to Financial Statements.
81
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Ultra-Short Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Transportation 1.4% |
| |||||||
Canadian National Railway Co., 0.987%, 11/14/17(a) | 1,204,000 | 1,205,287 | ||||||
|
| |||||||
Total Corporate Bonds | 41,076,828 | |||||||
|
| |||||||
Municipal Bond 0.3% | ||||||||
Louisiana 0.3% |
| |||||||
Louisiana Local Government Environmental Facilities & Community Development Authority, RB, 2.470%, 02/01/19 | 277,493 | 278,134 | ||||||
|
| |||||||
Total Municipal Bond | 278,134 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 7.8% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #848852, 2.898%, 08/01/37(a) | 818,215 | 864,131 | ||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AL8274, | 491,661 | 504,923 | ||||||
Pool #AN3353, 1.094%, 09/01/21(d) | 1,000,000 | 1,000,625 | ||||||
Pool #AN1582, 0.964%, 09/01/23(a) | 1,000,000 | 1,000,396 | ||||||
Pool #AL0968, 2.776%, 12/01/36(a) | 238,376 | 251,637 | ||||||
Pool #AD0380, 2.698%, 10/01/37(a) | 346,996 | 365,508 | ||||||
Pool #AL0966, 2.669%, 11/01/37(a) | 355,035 | 375,175 | ||||||
Pool #AT1150, 2.783%, 09/01/43(a) | 834,700 | 865,894 | ||||||
|
| |||||||
4,364,158 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Pool #082649, 2.000%, 10/20/40(a) | 1,565,638 | 1,617,439 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Total U.S. Government Agency Mortgages | 6,845,728 | |||||||
|
| |||||||
U.S. Treasury Obligation 0.1% |
| |||||||
U.S. Treasury Note 0.1% |
| |||||||
0.625%, 11/15/16 | 110,000 | 110,056 | ||||||
|
| |||||||
Total U.S. Treasury Obligation | 110,056 | |||||||
|
| |||||||
Money Market Fund 4.5% |
| |||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 0.19%(e) | 3,991,755 | 3,991,755 | ||||||
|
| |||||||
Total Money Market Fund | 3,991,755 | |||||||
|
| |||||||
Total Investments |
| 90,030,584 | ||||||
Liabilities in Excess of Other | (1,479,523 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 88,551,061 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2016. |
(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 17.9% of net assets as of September 30, 2016. |
(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 yield, is as of September 30, 2016. |
Investment Abbreviations
MTN | — | Medium Term Note | ||||
RB | — | Revenue Bond | ||||
REMIC | — | Real Estate Mortgage Investment Conduit |
Open Futures Contracts
At September 30, 2016, 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 | $(13,105,432) | December 2016 | 60 | $(2,693) | |||||||||||||
U.S. Treasury 5 Year Note | Short | (2,429,135) | December 2016 | 20 | (1,177) | |||||||||||||
|
| |||||||||||||||||
$(3,870) | ||||||||||||||||||
|
|
See Notes to Financial Statements.
82
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Virginia Intermediate Municipal Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 96.0% | ||||||||
Alabama 1.1% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 645,000 | 743,808 | ||||||
|
| |||||||
District of Columbia 5.0% | ||||||||
Metropolitan Washington D.C. Airports Authority, Airport System, Series A, AMT, RB, 5.125%, 10/01/23 | 1,000,000 | 1,077,550 | ||||||
Metropolitan Washington D.C. Airports Authority, Airport System, Series B, RB, 5.000%, 10/01/26, BHAC | 2,175,000 | 2,414,989 | ||||||
|
| |||||||
3,492,539 | ||||||||
|
| |||||||
Georgia 3.0% | ||||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/18 | 800,000 | 843,232 | ||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/23 | 1,065,000 | 1,271,472 | ||||||
|
| |||||||
2,114,704 | ||||||||
|
| |||||||
Guam 2.0% | ||||||||
Territory of Guam, Series A, RB, 5.000%, 12/01/33 | 380,000 | 451,303 | ||||||
Territory of Guam, Series A, RB, 5.000%, 12/01/34 | 290,000 | 343,012 | ||||||
Territory of Guam, Series A, RB, 5.000%, 12/01/46 | 485,000 | 567,140 | ||||||
|
| |||||||
1,361,455 | ||||||||
|
| |||||||
North Carolina 5.0% | ||||||||
North Carolina Capital Facilities Finance Agency, Educational Facilities, RB, 5.000%, 05/01/32 | 1,740,000 | 1,932,131 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/27(b) | 380,000 | 469,433 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/33(b) | 495,000 | 592,648 | ||||||
North Carolina Medical Care Commission, RB, 5.000%, 10/01/35(b) | 380,000 | 450,585 | ||||||
|
| |||||||
3,444,797 | ||||||||
|
| |||||||
Virginia 79.9% | ||||||||
Fairfax County Economic Development Authority, RB, 5.000%, 08/01/22(c) | 1,700,000 | 1,954,745 |
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Fairfax County Industrial Development Authority, Series A, RB, 5.500%, 05/15/35, Pre-refunded 05/15/2019 @ 100 | 355,000 | 397,316 | ||||||
Fairfax County Industrial Development Authority, Series D, RB, 5.000%, 05/15/27 | 500,000 | 589,290 | ||||||
Fairfax County Water Authority, RB, 5.000%, 04/01/25 | 2,550,000 | 3,057,017 | ||||||
Fairfax County Water Authority, RB, 5.000%, 04/01/27 | 600,000 | 716,124 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/28 | 1,375,000 | 1,700,545 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/30 | 1,000,000 | 1,220,770 | ||||||
Greater Richmond Convention Center Authority, RB, 5.000%, 06/15/32 | 1,000,000 | 1,210,190 | ||||||
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/23, Pre-refunded 04/01/2018 @ 100 | 1,060,000 | 1,125,720 | ||||||
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/24, Pre-refunded 04/01/2018 @ 100 | 2,425,000 | 2,575,350 | ||||||
Hanover County Economic Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, NATL-RE | 1,815,000 | 1,900,686 | ||||||
Isle County Wight, Series A, GO, 5.000%, 07/01/35, State Aid Withholding | 750,000 | 895,365 | ||||||
James City County Economic Development Authority, Public Facility Project, RB, 5.000%, 06/15/21, AGM, Pre-refunded 06/15/2017 @ 100 | 1,215,000 | 1,251,572 | ||||||
Loudoun County Industrial Development Authority, Series A, RB, 5.000%, 06/01/31 | 1,000,000 | 1,148,640 |
See Notes to Financial Statements.
83
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Virginia Intermediate Municipal Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Norfolk, Series A, GO, 5.000%, 10/01/28(b) | 500,000 | 640,700 | ||||||
Norfolk, Series A, GO, 5.000%, 10/01/29(b) | 1,000,000 | 1,272,030 | ||||||
Norfolk Water Revenue, Series A, RB, 5.250%, 11/01/44(c) | 1,750,000 | 2,128,910 | ||||||
Northern Virginia Transportation Authority, RB, 5.000%, 06/01/26(c) | 1,250,000 | 1,551,175 | ||||||
Richmond Industrial Development Authority, Government Facilities, RB, 5.000%, 07/15/18, AMBAC | 1,795,000 | 1,884,642 | ||||||
Roanoke Economic Development Authority, Hospital Revenue, RB, 5.000%, 07/01/27 | 1,000,000 | 1,166,380 | ||||||
Suffolk, Series A, GO, 5.000%, 02/01/23 | 1,555,000 | 1,920,938 | ||||||
Suffolk, Series A, GO, 5.000%, 02/01/24 | 1,160,000 | 1,463,294 | ||||||
Virginia College Building Authority, Series A, RB, 5.000%, 02/01/27 | 1,500,000 | 1,834,785 | ||||||
Virginia College Building Authority, Series A, RB, 5.000%, 02/01/31 | 1,000,000 | 1,225,830 | ||||||
Virginia College Building Authority, Educational Facilities Project, Washington & Lee University, RB, 5.375%, 01/01/21 | 3,390,000 | 3,732,627 | ||||||
Virginia Commonwealth Transportation Board, Series A, RB, 5.000%, 05/15/19 | 1,440,000 | 1,592,914 | ||||||
Virginia Commonwealth University, Health System Authority, RB, 5.000%, 07/01/30 | 1,460,000 | 1,661,144 | ||||||
Virginia Housing Development Authority, Commonwealth Mortgage, Series A-1, RB, 3.650%, 01/01/18, GO of Authority | 1,205,000 | 1,244,331 | ||||||
Virginia Port Authority, Series A, AMT, RB, 5.000%, 07/01/32 | 4,000,000 | 4,750,480 | ||||||
Virginia Public Building Authority, Series A, RB, 5.000%, 08/01/31, Pre-refunded 08/01/2021 @ 100 | 10,000 | 11,890 |
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia Public School Authority, Series A, RB, 5.000%, 08/01/27, State Aid Withholding | 2,060,000 | 2,519,627 | ||||||
Virginia Public School Authority, School Financing, RB, 5.000%, 07/15/26, Pre-refunded 07/15/2018 @ 100, State Aid Withholding | 2,000,000 | 2,146,840 | ||||||
Virginia Resources Authority Infrastructure, Pooled Financing Program, Series A, RB, 5.000%, 11/01/28 | 2,300,000 | 2,807,150 | ||||||
|
| |||||||
55,299,017 | ||||||||
|
| |||||||
Total Municipal Bonds | 66,456,320 | |||||||
|
| |||||||
Money Market Fund 5.5% | ||||||||
Federated Government Obligations Fund, Institutional Class, 0.26%(d) | 3,783,385 | 3,783,385 | ||||||
|
| |||||||
Total Money Market Fund | 3,783,385 | |||||||
|
| |||||||
Total Investments (Cost $66,776,913) — 101.5% | 70,239,705 | |||||||
Liabilities in Excess of Other Assets — (1.5)% | (1,029,444 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 69,210,261 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2016. |
(b) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(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 yield, is as of September 30, 2016. |
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 |
See Notes to Financial Statements.
84
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2016
(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 | $245,988,568 | $19,513,989 | $4,940,343,856 | $105,539,787 | $108,158,508 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $250,550,010 | $20,139,806 | $4,868,974,464 | $112,767,559 | $112,880,566 | |||||||||||||||
Cash | 493,828 | — | — | — | — | |||||||||||||||
Interest Receivable | 1,105,185 | 176,465 | 25,471,728 | 1,333,355 | 1,029,673 | |||||||||||||||
Securities Lending Income Receivable | 10,049 | 335 | — | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 115,834 | 43,402 | 8,588,110 | 753 | 223,460 | |||||||||||||||
Receivable for Investment Securities Sold | 2,282,205 | 855,742 | 94,735,707 | — | 2,283,078 | |||||||||||||||
Receivable for Investment Securities Sold on a When-issued Basis | — | — | 68,508,793 | — | 2,001,050 | |||||||||||||||
Receivable from Investment Adviser | — | 2,735 | — | 4,194 | 4,386 | |||||||||||||||
Prepaid Expenses and Other Assets | 35,983 | 16,570 | 145,413 | 8,659 | 22,631 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 254,593,094 | 21,235,055 | 5,066,424,215 | 114,114,520 | 118,444,844 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 5,815,966 | 559,066 | — | 2,222,296 | — | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | 1,005,772 | — | 387,033,914 | 246,922 | 5,550,470 | |||||||||||||||
Due to Custodian | — | 2,000 | 2,000 | — | — | |||||||||||||||
Payable for Capital Shares Redeemed | 369,167 | 31,914 | 9,154,237 | 416,522 | 1,514,714 | |||||||||||||||
Payable Upon Return of Securities Loaned | 759,080 | 669,285 | — | — | — | |||||||||||||||
Income Distributions Payable | 31,626 | 1,286 | 5,389,826 | 4,947 | 40,951 | |||||||||||||||
Investment Advisory Fees Payable | 51,136 | 6,607 | 1,555,202 | 46,330 | 47,657 | |||||||||||||||
Compliance and Fund Services Fees Payable | 5,867 | 450 | 96,766 | 2,629 | 2,674 | |||||||||||||||
Distribution and Service Fees Payable | 3,572 | 6,897 | 78,922 | 454 | 1,829 | |||||||||||||||
Trustee Fees Payable | — | — | 119 | — | — | |||||||||||||||
Other Accrued Expenses | 99,331 | 8,489 | 1,710,261 | 31,017 | 30,008 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 8,141,517 | 1,285,994 | 405,021,247 | 2,971,117 | 7,188,303 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $246,451,577 | $19,949,061 | $4,661,402,968 | $111,143,403 | $111,256,541 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $237,229,388 | $19,239,213 | $5,046,390,269 | $102,403,993 | $102,812,618 | |||||||||||||||
Accumulated Net Investment Income (Loss) | (699,420 | ) | (39,550 | ) | 2,815,048 | 190,528 | (7,022 | ) | ||||||||||||
Accumulated Net Realized Gain (Loss) from Investments and Foreign Currency Transactions | 5,360,167 | 123,581 | (316,432,957 | ) | 1,321,110 | 3,728,887 | ||||||||||||||
Net Unrealized Appreciation (Depreciation) on Investments and Foreign Currencies | 4,561,442 | 625,817 | (71,369,392 | ) | 7,227,772 | 4,722,058 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $246,451,577 | $19,949,061 | $4,661,402,968 | $111,143,403 | $111,256,541 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $231,767,696 | $10,982,894 | $3,212,263,329 | $107,489,555 | $96,565,538 | |||||||||||||||
A Shares | 10,432,954 | 758,722 | 141,329,715 | 3,653,848 | 14,691,003 | |||||||||||||||
C Shares | — | 8,207,445 | 53,636,350 | — | — | |||||||||||||||
R Shares | 3,451,212 | — | — | — | — | |||||||||||||||
IS Shares | 799,715 | — | 1,254,173,574 | — | — | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 20,883,324 | 1,231,480 | 371,192,516 | 9,734,006 | 7,696,414 | |||||||||||||||
A Shares | 940,314 | 84,714 | 16,329,141 | 330,384 | 1,170,445 | |||||||||||||||
C Shares | — | 920,442 | 6,195,889 | — | — | |||||||||||||||
R Shares | 310,743 | — | — | — | — | |||||||||||||||
IS Shares | 72,040 | — | 144,851,690 | — | — | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $11.10 | $8.92 | $8.65 | $11.04 | $12.55 | |||||||||||||||
A Shares | 11.10 | 8.96 | 8.66 | 11.06 | 12.55 | |||||||||||||||
C Shares(a) | — | 8.92 | 8.66 | — | — | |||||||||||||||
R Shares | 11.11 | — | — | — | — | |||||||||||||||
IS Shares | 11.10 | — | 8.66 | — | — | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $11.65 | $9.41 | $8.88 | $11.61 | $13.18 | |||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | 2.50 | % | 4.75 | % | 4.75 | % |
* | Investments include securities on loan of $738,650, $650,348, $—, $— and $— respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
85
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2016
(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 | $593,305,431 | $610,272,026 | $633,263,937 | $6,701,690 | $30,306,889 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $604,453,413 | $624,453,009 | $662,891,185 | $6,711,306 | $31,805,335 | |||||||||||||||
Cash | 4,250 | 23,546 | — | — | — | |||||||||||||||
Interest Receivable | 10,463,647 | 9,836,736 | 6,694,899 | 3,685 | 330,087 | |||||||||||||||
Securities Lending Income Receivable | 26,205 | 18,902 | — | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 4,099,788 | 296,961 | 1,185,303 | — | 645 | |||||||||||||||
Receivable for Investment Securities Sold | 5,603,071 | 6,033,537 | 7,485,496 | — | — | |||||||||||||||
Receivable for Investment Securities Sold on a When-issued Basis | 3,289,437 | 1,398,602 | — | — | 631,993 | |||||||||||||||
Receivable from Investment Adviser | — | — | 25,222 | 502 | 2,501 | |||||||||||||||
Prepaid Expenses and Other Assets | 67,716 | 51,971 | 36,601 | 2,975 | 6,161 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 628,007,527 | 642,113,264 | 678,318,706 | 6,718,468 | 32,776,722 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 3,231,070 | 3,862,416 | — | — | — | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | 12,999,224 | 8,464,436 | 15,473,171 | — | 3,055,894 | |||||||||||||||
Payable for Capital Shares Redeemed | 1,482,448 | 1,098,792 | 757,116 | — | 39,275 | |||||||||||||||
Payable Upon Return of Securities Loaned | 44,739,243 | 34,593,810 | — | — | — | |||||||||||||||
Income Distributions Payable | 74,955 | 701,427 | 138,654 | 2,973 | 5,001 | |||||||||||||||
Investment Advisory Fees Payable | 261,833 | 214,625 | 268,970 | 551 | 12,428 | |||||||||||||||
Compliance and Fund Services Fees Payable | 14,454 | 12,864 | 15,409 | 156 | 735 | |||||||||||||||
Distribution and Service Fees Payable | 17,302 | 1,335 | 5,784 | — | 332 | |||||||||||||||
Trustee Fees Payable | — | — | — | 1 | — | |||||||||||||||
Other Accrued Expenses | 221,804 | 150,400 | 206,579 | 4,049 | 10,761 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 63,042,333 | 49,100,105 | 16,865,683 | 7,730 | 3,124,426 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $564,965,194 | $593,013,159 | $661,453,023 | $6,710,738 | $29,652,296 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $649,550,081 | $652,893,571 | $617,588,178 | $7,466,031 | $27,509,814 | |||||||||||||||
Accumulated Net Investment Income (Loss) | (406,273 | ) | (1,279,393 | ) | (228,298 | ) | 1,051 | (57,474 | ) | |||||||||||
Accumulated Net Realized Gain (Loss) from Investment Transactions | (95,326,596 | ) | (72,782,002 | ) | 14,465,895 | (765,960 | ) | 701,510 | ||||||||||||
Net Unrealized Appreciation on Investments | 11,147,982 | 14,180,983 | 29,627,248 | 9,616 | 1,498,446 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $564,965,194 | $593,013,159 | $661,453,023 | $6,710,738 | $29,652,296 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $493,917,286 | $579,637,551 | $638,213,190 | $6,710,738 | $26,969,817 | |||||||||||||||
A Shares | 43,286,443 | 5,098,216 | 23,239,833 | — | 2,682,479 | |||||||||||||||
R Shares | 14,790,358 | 135,895 | — | — | — | |||||||||||||||
IS Shares | 12,971,107 | 8,141,497 | — | — | — | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 77,051,091 | 69,769,641 | 51,868,532 | 676,440 | 2,539,680 | |||||||||||||||
A Shares | 6,746,103 | 629,301 | 1,886,489 | — | 253,219 | |||||||||||||||
R Shares | 2,305,912 | 16,361 | — | — | — | |||||||||||||||
IS Shares | 2,024,997 | 979,899 | — | — | — | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $6.41 | $8.31 | $12.30 | $9.92 | $10.62 | |||||||||||||||
A Shares | 6.42 | 8.10 | 12.32 | — | 10.59 | |||||||||||||||
R Shares | 6.41 | 8.31 | — | — | — | |||||||||||||||
IS Shares | 6.41 | 8.31 | — | — | — | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge | ||||||||||||||||||||
x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $6.74 | $8.50 | $12.93 | $— | $11.12 | |||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | 4.75 | % | — | 4.75 | % |
* Investments include securities on loan of $51,380,874, $40,954,102, $—, $— and $— respectively.
See Notes to Financial Statements.
86
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2016
(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 | $55,603,864 | $33,869,814 | $1,020,708,420 | $1,570,003,214 | $35,614,099 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $55,816,068 | $34,007,233 | $1,039,841,256 | $1,580,765,988 | $36,226,683 | |||||||||||||||
Cash | — | — | 2,417,882 | 62,638 | 927 | |||||||||||||||
Interest Receivable | 208,444 | 331,528 | 4,528,159 | 2,415,717 | 140,370 | |||||||||||||||
Appreciated Swap Contracts, at Value | — | — | 1,596,756 | — | — | |||||||||||||||
Securities Lending Income Receivable | — | — | 94,012 | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 15,874 | 1,068 | 855,224 | 516,281 | 60,501 | |||||||||||||||
Receivable for Investment Securities Sold | — | — | 9,302,324 | 5,851,460 | 1,613 | |||||||||||||||
Unrealized Appreciation on Forward Foreign Currency Contracts | — | — | 1,395,686 | — | — | |||||||||||||||
Receivable for Variation Margin on Futures Contracts | — | — | — | 109,828 | — | |||||||||||||||
Receivable from Investment Adviser | 3,186 | 4,337 | — | — | 2,695 | |||||||||||||||
Prepaid Expenses and Other Assets | 22,593 | 18,198 | 55,561 | 70,991 | 21,654 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 56,066,165 | 34,362,364 | 1,060,086,860 | 1,589,792,903 | 36,454,443 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | — | — | 30,993,755 | — | — | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | — | 777,780 | 4,077,608 | 10,766,519 | 330,982 | |||||||||||||||
Payable for Capital Shares Redeemed | 116,976 | 4,219 | 2,428,219 | 2,347,593 | 27,941 | |||||||||||||||
Payable Upon Return of Securities Loaned | — | — | 17,721,253 | — | — | |||||||||||||||
Interest Payable on Open Swap Contracts | — | — | 15,278 | — | — | |||||||||||||||
Income Distributions Payable | 4,065 | 13,389 | 24,515 | 132,986 | 529 | |||||||||||||||
Unrealized Depreciation on Forward Foreign Currency Contracts | — | — | 979,155 | — | — | |||||||||||||||
Investment Advisory Fees Payable | 18,525 | 10,056 | 200,629 | 245,376 | 11,943 | |||||||||||||||
Compliance and Fund Services Fees Payable | 1,222 | 838 | 24,234 | 33,772 | 873 | |||||||||||||||
Variation Margin Payable for Centrally Cleared Swaps | — | — | 591,542 | — | — | |||||||||||||||
Distribution and Service Fees Payable | 1,665 | 562 | 26,214 | — | 5,318 | |||||||||||||||
Trustee Fees Payable | 15 | — | 152 | — | 6 | |||||||||||||||
Other Accrued Expenses | 19,266 | 16,322 | 373,086 | 554,147 | 17,989 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 161,734 | 823,166 | 57,455,640 | 14,080,393 | 395,581 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $55,904,431 | $33,539,198 | $1,002,631,220 | $1,575,712,510 | $36,058,862 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $56,834,780 | $33,361,848 | $969,948,901 | $1,584,705,701 | $35,378,597 | |||||||||||||||
Accumulated Net Investment Loss | (19,088 | ) | (1,431 | ) | (2,483,002 | ) | (2,458,747 | ) | (228,818 | ) | ||||||||||
Accumulated Net Realized Gain (Loss) from Investments, Futures, Swaps and Foreign Currency Transactions | (1,123,465 | ) | 41,362 | 16,621,451 | (17,264,669 | ) | 296,499 | |||||||||||||
Net Unrealized Appreciation on Investments, Futures, Swaps and Foreign Currencies | 212,204 | 137,419 | 18,543,870 | 10,730,225 | 612,584 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $55,904,431 | $33,539,198 | $1,002,631,220 | $1,575,712,510 | $36,058,862 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $52,257,296 | $29,277,627 | $870,767,922 | $1,571,076,059 | $23,709,769 | |||||||||||||||
A Shares | 2,027,126 | 4,261,571 | 31,575,588 | — | 7,397,073 | |||||||||||||||
C Shares | 1,620,009 | — | — | — | 4,952,020 | |||||||||||||||
R Shares | — | — | 47,400,929 | — | — | |||||||||||||||
IS Shares | — | — | 52,886,781 | 4,636,451 | — | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 5,228,659 | 2,933,553 | 79,957,295 | 156,622,955 | 2,079,644 | |||||||||||||||
A Shares | 202,331 | 427,159 | 2,805,947 | — | 650,032 | |||||||||||||||
C Shares | 161,754 | — | — | — | 434,388 | |||||||||||||||
R Shares | — | — | 4,351,706 | — | — | |||||||||||||||
IS Shares | — | — | 4,855,121 | 461,851 | — | |||||||||||||||
Net Asset Value and Redemption Price Per Share: |
| |||||||||||||||||||
I Shares | $9.99 | $9.98 | $10.89 | $10.03 | $11.40 | |||||||||||||||
A Shares | 10.02 | 9.98 | 11.25 | — | 11.38 | |||||||||||||||
C Shares(a) | 10.02 | — | — | — | 11.40 | |||||||||||||||
R Shares | — | — | 10.89 | — | — | |||||||||||||||
IS Shares | — | — | 10.89 | 10.04 | — | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $10.28 | $10.24 | $11.81 | $— | $11.67 | |||||||||||||||
Maximum Sales Charge — A Shares | 2.50 | % | 2.50 | % | 4.75 | % | — | 2.50 | % |
* | Investments include securities on loan of $—, $—, $17,287,833, $—, $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
87
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Ultra-Short Bond Fund | Seix Virginia Intermediate Municipal Bond Fund | |||||||
Assets: | ||||||||
Total Investments, at Cost | $89,679,649 | $66,776,913 | ||||||
|
|
|
| |||||
Total Investments, at Value | $90,030,584 | $70,239,705 | ||||||
Interest Receivable | 261,701 | 849,041 | ||||||
Receivable for Capital Shares Issued | 78,329 | 326 | ||||||
Receivable for Investment Securities Sold | 12,958 | 2,950,229 | ||||||
Receivable for Variation Margin on Futures Contracts | 9,844 | — | ||||||
Receivable from Investment Adviser | — | 2,956 | ||||||
Prepaid Expenses and Other Assets | 11,432 | 12,580 | ||||||
|
|
|
| |||||
Total Assets | 90,404,848 | 74,054,837 | ||||||
|
|
|
| |||||
Liabilities: | ||||||||
Payable for Investment Securities Purchased | 751,402 | 1,240,320 | ||||||
Payable for Investment Securities Purchased on a When-issued Basis | 1,001,537 | 3,429,861 | ||||||
Payable for Capital Shares Redeemed | 48,897 | 23,033 | ||||||
Income Distributions Payable | 13,506 | 97,811 | ||||||
Investment Advisory Fees Payable | 15,594 | 28,591 | ||||||
Compliance and Fund Services Fees Payable | 2,201 | 1,589 | ||||||
Distribution and Service Fees Payable | — | 538 | ||||||
Trustee Fees Payable | 112 | 2 | ||||||
Other Accrued Expenses | 20,538 | 22,831 | ||||||
|
|
|
| |||||
Total Liabilities | 1,853,787 | 4,844,576 | ||||||
|
|
|
| |||||
Total Net Assets | $88,551,061 | $69,210,261 | ||||||
|
|
|
| |||||
Net Assets Consist of: | ||||||||
Capital | $90,591,124 | $63,949,222 | ||||||
Accumulated Net Investment Income (Loss) | (46,119 | ) | 19,174 | |||||
Accumulated Net Realized Gain (Loss) from Investments and Futures | (2,341,009 | ) | 1,779,073 | |||||
Net Unrealized Appreciation on Investments and Futures | 347,065 | 3,462,792 | ||||||
|
|
|
| |||||
Net Assets | $88,551,061 | $69,210,261 | ||||||
|
|
|
| |||||
Net Assets: | ||||||||
I Shares | $88,551,061 | $64,839,269 | ||||||
A Shares | — | 4,370,992 | ||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||
I Shares | 8,894,927 | 6,421,243 | ||||||
A Shares | — | 432,996 | ||||||
Net Asset Value and Redemption Price Per Share: | ||||||||
I Shares | $9.96 | $10.10 | ||||||
A Shares | — | 10.09 | ||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||
A Shares | $— | $10.59 | ||||||
Maximum Sales Charge — A Shares | — | 4.75 | % |
See Notes to Financial Statements.
88
Table of Contents
RIDGEWORTH FUNDS For the Period Ended September 30, 2016
(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 | $2,628,199 | $337,124 | $125,843,990 | $1,865,147 | $1,552,729 | |||||||||||||||
Dividend Income | — | — | 57,268 | — | — | |||||||||||||||
Net Income from Securities Lending | 20,360 | 2,013 | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 2,648,559 | 339,137 | 125,901,258 | 1,865,147 | 1,552,729 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 325,233 | 38,355 | 9,065,585 | 284,993 | 290,624 | |||||||||||||||
Administration Fees | 12,891 | 950 | 217,675 | 5,648 | 5,760 | |||||||||||||||
Fund Accounting Fees | 15,804 | 1,036 | 278,086 | 6,700 | 6,782 | |||||||||||||||
Transfer Agency Fees | 26,024 | 7,056 | 877,146 | 9,784 | 16,493 | |||||||||||||||
Compliance & Fund Services Fees | 11,101 | 807 | 185,576 | 4,906 | 4,977 | |||||||||||||||
Distribution and Service Fees — A Shares | 12,884 | 743 | 215,482 | 2,760 | 10,790 | |||||||||||||||
Distribution and Service Fees — C Shares | — | 40,995 | 276,319 | — | — | |||||||||||||||
Distribution and Service Fees — R Shares | 8,626 | — | — | — | — | |||||||||||||||
Shareholder Servicing Fees — I Shares | 165,718 | 4,757 | 1,724,076 | 55,159 | 40,847 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 1,833 | 58 | 85,148 | 201 | 1,705 | |||||||||||||||
Shareholder Servicing Fees — R Shares | 713 | — | — | — | — | |||||||||||||||
Custodian Fees | 7,782 | 3,796 | 399,082 | 4,045 | 4,238 | |||||||||||||||
Printing Fees | 9,305 | 1,099 | 173,229 | 2,947 | 3,686 | |||||||||||||||
Registration Fees | 33,028 | 21,142 | 34,883 | 7,433 | 16,773 | |||||||||||||||
Trustee Fees | 7,242 | 514 | 120,739 | 3,166 | 3,197 | |||||||||||||||
Professional Fees | 8,980 | 490 | 113,922 | 2,912 | 2,871 | |||||||||||||||
Other Fees | 14,058 | 4,083 | 171,300 | 6,744 | 6,539 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 661,222 | 125,881 | 13,938,248 | 397,398 | 415,282 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | (19,010 | ) | — | (23,901 | ) | (25,952 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 661,222 | 106,871 | 13,938,248 | 373,497 | 389,330 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 1,987,337 | 232,266 | 111,963,010 | 1,491,650 | 1,163,399 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investments and Foreign Currency Transactions | 4,413,307 | 444,365 | (99,625,418 | ) | 814,502 | 2,147,322 | ||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments and Foreign Currencies | 1,639,734 | 529,600 | 266,975,253 | 40,676 | (430,549 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies | 6,053,041 | 973,965 | 167,349,835 | 855,178 | 1,716,773 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $8,040,378 | $1,206,231 | $279,312,845 | $2,346,828 | $2,880,172 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
89
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2016
(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 | $20,903,206 | $17,747,520 | $9,404,392 | $30,666 | $442,515 | |||||||||||||||
Dividend Income | 214,901 | — | — | — | — | |||||||||||||||
Net Income from Securities Lending | 234,907 | 138,253 | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 21,353,014 | 17,885,773 | 9,404,392 | 30,666 | 442,515 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 1,627,706 | 1,255,512 | 1,638,753 | 3,340 | 76,113 | |||||||||||||||
Administration Fees | 29,563 | 27,796 | 32,880 | 331 | 1,509 | |||||||||||||||
Fund Accounting Fees | 37,318 | 32,840 | 38,362 | 393 | 1,670 | |||||||||||||||
Transfer Agency Fees | 69,404 | 82,244 | 81,204 | 448 | 4,702 | |||||||||||||||
Compliance & Fund Services Fees | 25,863 | 23,492 | 28,428 | 287 | 1,306 | |||||||||||||||
Distribution and Service Fees — A Shares | 71,198 | 7,804 | 36,019 | �� | 1,291 | |||||||||||||||
Distribution and Service Fees — C Shares | — | — | — | — | — | |||||||||||||||
Distribution and Service Fees — R Shares | 37,127 | 1,029 | — | — | — | |||||||||||||||
Shareholder Servicing Fees — I Shares | 433,177 | 249,197 | 362,654 | — | 11,131 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 23,259 | 847 | 4,887 | — | 184 | |||||||||||||||
Shareholder Servicing Fees — R Shares | 6,741 | 4 | — | — | — | |||||||||||||||
Custodian Fees | 12,564 | 10,401 | 7,349 | 2,677 | 3,197 | |||||||||||||||
Printing Fees | 40,426 | 20,922 | 19,319 | 333 | 835 | |||||||||||||||
Registration Fees | 28,797 | 28,822 | 18,145 | 3,890 | 6,459 | |||||||||||||||
Trustee Fees | 16,745 | 15,090 | 18,303 | 186 | 840 | |||||||||||||||
Professional Fees | 15,651 | 14,303 | 16,411 | 165 | 786 | |||||||||||||||
Other Fees | 24,583 | 22,310 | 22,401 | 3,098 | 4,161 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 2,500,122 | 1,792,613 | 2,325,115 | 15,148 | 114,184 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (25,855 | ) | — | (144,067 | ) | (3,393 | ) | (13,658 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 2,474,267 | 1,792,613 | 2,181,048 | 11,755 | 100,526 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 18,878,747 | 16,093,160 | 7,223,344 | 18,911 | 341,989 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investment Transactions | (14,885,039 | ) | (8,681,923 | ) | 8,496,745 | 61,734 | 537,393 | |||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments | 62,441,737 | 43,224,598 | (4,076,198 | ) | (1,385 | ) | (283,700 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments | 47,556,698 | 34,542,675 | 4,420,547 | 60,349 | 253,693 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $66,435,445 | $50,635,835 | $11,643,891 | $79,260 | $595,682 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
90
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2016
(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 | $356,302 | $210,487 | $12,051,684 | $8,109,107 | $236,481 | |||||||||||||||
Net Income from Securities Lending | — | — | 200,942 | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 356,302 | 210,487 | 12,252,626 | 8,109,107 | 236,481 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 105,924 | 65,024 | 1,258,674 | 1,490,695 | 74,432 | |||||||||||||||
Administration Fees | 2,624 | 1,841 | 51,304 | 77,925 | 1,844 | |||||||||||||||
Fund Accounting Fees | 3,145 | 2,421 | 65,605 | 91,407 | 2,165 | |||||||||||||||
Transfer Agency Fees | 4,768 | 6,768 | 49,507 | 97,845 | 7,688 | |||||||||||||||
Compliance & Fund Services Fees | 2,246 | 1,649 | 45,370 | 65,514 | 1,604 | |||||||||||||||
Distribution and Service Fees — A Shares | 2,050 | 4,426 | 42,514 | — | 7,168 | |||||||||||||||
Distribution and Service Fees — C Shares | 8,505 | — | — | — | 26,087 | |||||||||||||||
Distribution and Service Fees — R Shares | — | — | 122,409 | — | — | |||||||||||||||
Shareholder Servicing Fees — I Shares | 26,476 | 13,534 | 621,214 | 1,202,886 | 17,481 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 422 | 797 | 24,141 | — | 3,396 | |||||||||||||||
Shareholder Servicing Fees — R Shares | — | — | 61,549 | — | — | |||||||||||||||
Custodian Fees | 4,112 | 3,506 | 16,632 | 13,913 | 5,051 | |||||||||||||||
Printing Fees | 1,830 | 1,235 | 45,308 | 60,600 | 1,548 | |||||||||||||||
Registration Fees | 20,667 | 15,862 | 29,304 | 16,068 | 22,810 | |||||||||||||||
Trustee Fees | 1,464 | 1,063 | 29,677 | 42,437 | 1,035 | |||||||||||||||
Professional Fees | 1,281 | 958 | 26,348 | 39,090 | 1,069 | |||||||||||||||
Other Fees | 5,026 | 4,351 | 36,773 | 49,134 | 5,858 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 190,540 | 123,435 | 2,526,329 | 3,247,514 | 179,236 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (22,263 | ) | (28,005 | ) | — | — | (16,678 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 168,277 | 95,430 | 2,526,329 | 3,247,514 | 162,558 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 188,025 | 115,057 | 9,726,297 | 4,861,593 | 73,923 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Futures, Swaps and Foreign Currencies: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investment and Foreign Currency Transactions | 102,671 | 41,304 | 16,484,152 | 4,558,830 | 321,495 | |||||||||||||||
Futures Contracts | — | — | — | (189,811 | ) | — | ||||||||||||||
Swap Contracts | — | — | (2,142,273 | ) | — | — | ||||||||||||||
Forward Foreign Currency Contracts | — | — | (46,297 | ) | — | — | ||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments and Foreign Currencies | (24,686 | ) | (41,511 | ) | 7,158,059 | (1,883,368 | ) | 116,335 | ||||||||||||
Futures Contracts | — | — | — | 13,510 | — | |||||||||||||||
Swap Contracts | — | — | (1,003,450 | ) | — | — | ||||||||||||||
Forward Foreign Currency Contracts | — | — | 1,216,004 | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Futures, Swaps and Foreign Currencies | 77,985 | (207 | ) | 21,666,195 | 2,499,161 | 437,830 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $266,010 | $114,850 | $31,392,492 | $7,360,754 | $511,753 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
91
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2016
(Unaudited)
Seix Ultra-Short Bond Fund | Seix Virginia Intermediate Municipal Bond Fund | |||||||
Investment Income: | ||||||||
Interest Income | $635,366 | $1,059,998 | ||||||
|
|
|
| |||||
Total Investment Income | 635,366 | 1,059,998 | ||||||
|
|
|
| |||||
Expenses: | ||||||||
Investment Advisory Fees | 101,125 | 174,135 | ||||||
Administration Fees | 4,555 | 3,451 | ||||||
Fund Accounting Fees | 6,153 | 4,310 | ||||||
Transfer Agency Fees | 15,568 | 9,028 | ||||||
Compliance & Fund Services Fees | 4,092 | 3,002 | ||||||
Distribution and Service Fees — A Shares | — | 3,277 | ||||||
Shareholder Servicing Fees — I Shares | 22,983 | 26,114 | ||||||
Shareholder Servicing Fees — A Shares | — | 354 | ||||||
Custodian Fees | 5,648 | 3,637 | ||||||
Printing Fees | 3,398 | 2,069 | ||||||
Registration Fees | 10,468 | 9,583 | ||||||
Trustee Fees | 2,735 | 1,961 | ||||||
Professional Fees | 2,310 | 1,909 | ||||||
Other Fees | 5,751 | 5,762 | ||||||
|
|
|
| |||||
Total Expenses | 184,786 | 248,592 | ||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | (18,422 | ) | |||||
|
|
|
| |||||
Net Expenses | 184,786 | 230,170 | ||||||
|
|
|
| |||||
Net Investment Income | 450,580 | 829,828 | ||||||
|
|
|
| |||||
Net Realized and Unrealized Gain (Loss) on Investments and Futures: | ||||||||
Net Realized Gain (Loss) from: | ||||||||
Investment Transactions | 162,020 | 432,033 | ||||||
Futures Contracts | (26,031 | ) | — | |||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||
Investments | 189,718 | (207,076 | ) | |||||
Futures Contracts | 4,499 | — | ||||||
|
|
|
| |||||
Net Realized and Unrealized Gain (Loss) on Investments and Futures | 330,206 | 224,957 | ||||||
|
|
|
| |||||
Change in Net Assets from Operations | $780,786 | $1,054,785 | ||||||
|
|
|
|
See Notes to Financial Statements.
92
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS For the Periods Indicated
Seix Core Bond Fund | Seix Corporate Bond Fund | Seix Floating Rate High Income Fund | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 1,987,337 | $ | 4,559,362 | $ | 232,266 | $ | 558,071 | $ | 111,963,010 | $ | 270,641,643 | ||||||||||||
Net Realized Gain (Loss) | 4,413,307 | 2,205,179 | 444,365 | (322,983 | ) | (99,625,418 | ) | (165,631,300 | ) | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 1,639,734 | (2,686,468 | ) | 529,600 | (719,668 | ) | 266,975,253 | (230,916,711 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 8,040,378 | 4,078,073 | 1,206,231 | (484,580 | ) | 279,312,845 | (125,906,368 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (2,241,404 | ) | (4,785,178 | ) | (148,514 | ) | (354,519 | ) | (78,045,216 | ) | (206,044,061 | ) | ||||||||||||
A Shares | (86,165 | ) | (165,495 | ) | (6,428 | ) | (15,352 | ) | (3,480,328 | ) | (6,594,772 | ) | ||||||||||||
C Shares | — | — | (77,343 | ) | (159,856 | ) | (1,177,182 | ) | (2,272,834 | ) | ||||||||||||||
R Shares | (24,450 | ) | (54,464 | ) | — | — | — | — | ||||||||||||||||
IS Shares* | (6,266 | ) | (272 | ) | — | — | (30,540,846 | ) | (52,282,087 | ) | ||||||||||||||
Tax Return of Capital: | ||||||||||||||||||||||||
I Shares | — | — | — | (15,032 | ) | — | — | |||||||||||||||||
A Shares | — | — | — | (698 | ) | — | — | |||||||||||||||||
C Shares | — | — | — | (9,948 | ) | — | — | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (1,672,598 | ) | — | (208,083 | ) | — | — | ||||||||||||||||
A Shares | — | (65,096 | ) | — | (10,866 | ) | — | — | ||||||||||||||||
C Shares | — | — | — | (193,921 | ) | — | — | |||||||||||||||||
R Shares | — | (28,138 | ) | — | — | — | — | |||||||||||||||||
IS Shares* | — | (54 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (2,358,285 | ) | (6,771,295 | ) | (232,285 | ) | (968,275 | ) | (113,243,572 | ) | (267,193,754 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (28,393,371 | ) | 69,050,058 | 1,426,805 | (15,267,803 | ) | 128,592,810 | (1,513,564,786 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (22,711,278 | ) | 66,356,836 | 2,400,751 | (16,720,658 | ) | 294,662,083 | (1,906,664,908 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 269,162,855 | 202,806,019 | 17,548,310 | 34,268,968 | 4,366,740,885 | 6,273,405,793 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 246,451,577 | $ | 269,162,855 | $ | 19,949,061 | $ | 17,548,310 | $ | 4,661,402,968 | $ | 4,366,740,885 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (699,420 | ) | $ | (328,472 | ) | $ | (39,550 | ) | $ | (39,531 | ) | $ | 2,815,048 | $ | 4,095,610 | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
* | IS Shares commenced operations on August 3, 2015 for Seix Core Bond Fund. |
See Notes to Financial Statements.
93
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Seix Georgia Tax-Exempt Bond Fund | Seix High Grade Municipal Bond Fund | Seix High Income Fund | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 1,491,650 | $ | 3,197,473 | $ | 1,163,399 | $ | 2,517,843 | $ | 18,878,747 | $ | 47,032,426 | ||||||||||||
Net Realized Gain (Loss) | 814,502 | 1,669,446 | 2,147,322 | 1,682,084 | (14,885,039 | ) | (58,073,794 | ) | ||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 40,676 | (736,695 | ) | (430,549 | ) | 196,585 | 62,441,737 | (38,219,968 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 2,346,828 | 4,130,224 | 2,880,172 | 4,396,512 | 66,435,445 | (49,261,336 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (1,445,354 | ) | (3,111,493 | ) | (1,028,469 | ) | (2,217,002 | ) | (16,433,197 | ) | (42,544,235 | ) | ||||||||||||
A Shares | (46,293 | ) | (85,979 | ) | (134,910 | ) | (300,812 | ) | (1,446,076 | ) | (3,358,446 | ) | ||||||||||||
R Shares | — | — | — | — | (439,690 | ) | (1,038,413 | ) | ||||||||||||||||
IS Shares | — | — | — | — | (554,606 | ) | (286,022 | ) | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | — | — | (990,891 | ) | — | — | |||||||||||||||||
A Shares | — | — | — | (140,501 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (1,491,647 | ) | (3,197,472 | ) | (1,163,379 | ) | (3,649,206 | ) | (18,873,569 | ) | (47,227,116 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (1,023,660 | ) | (25,139,236 | ) | (4,259,390 | ) | 792,328 | (88,514,879 | ) | (140,908,042 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (168,479 | ) | (24,206,484 | ) | (2,542,597 | ) | 1,539,634 | (40,953,003 | ) | (237,396,494 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 111,311,882 | 135,518,366 | 113,799,138 | 112,259,504 | 605,918,197 | 843,314,691 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 111,143,403 | $ | 111,311,882 | $ | 111,256,541 | $ | 113,799,138 | $ | 564,965,194 | $ | 605,918,197 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 190,528 | $ | 190,525 | $ | (7,022 | ) | $ | (7,042 | ) | $ | (406,273 | ) | $ | (411,451 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
94
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Seix High Yield Fund | Seix Investment Grade Tax-Exempt Bond Fund | Seix Limited Duration Fund | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 16,093,160 | $ | 36,691,076 | $ | 7,223,344 | $ | 15,143,860 | $ | 18,911 | $ | 19,390 | ||||||||||||
Net Realized Gain (Loss) | (8,681,923 | ) | (43,330,132 | ) | 8,496,745 | 5,969,610 | 61,734 | (658 | ) | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 43,224,598 | (32,060,695 | ) | (4,076,198 | ) | (2,477,315 | ) | (1,385 | ) | (2,502 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 50,635,835 | (38,699,751 | ) | 11,643,891 | 18,636,155 | 79,260 | 16,230 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (15,892,108 | ) | (36,915,937 | ) | (6,979,392 | ) | (14,552,251 | ) | (17,088 | ) | (17,332 | ) | ||||||||||||
A Shares | (174,075 | ) | (432,905 | ) | (243,917 | ) | (591,504 | ) | — | — | ||||||||||||||
R Shares | (10,985 | ) | (34,562 | ) | — | — | — | — | ||||||||||||||||
IS Shares* | (15,841 | ) | — | — | — | — | — | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | — | — | (7,129,553 | ) | — | — | |||||||||||||||||
A Shares | — | — | — | (294,359 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (16,093,009 | ) | (37,383,404 | ) | (7,223,309 | ) | (22,567,667 | ) | (17,088 | ) | (17,332 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 27,228,257 | (96,627,566 | ) | 2,736,768 | (29,063,575 | ) | — | — | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | 61,771,083 | (172,710,721 | ) | 7,157,350 | (32,995,087 | ) | 62,172 | (1,102 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 531,242,076 | 703,952,797 | 654,295,673 | 687,290,760 | 6,648,566 | 6,649,668 | ||||||||||||||||||
|
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End of Period | $ | 593,013,159 | $ | 531,242,076 | $ | 661,453,023 | $ | 654,295,673 | $ | 6,710,738 | $ | 6,648,566 | ||||||||||||
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| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (1,279,393 | ) | $ | (1,279,544 | ) | $ | (228,298 | ) | $ | (228,333 | ) | $ | 1,051 | $ | (772 | ) | |||||||
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* | IS Shares commenced operations on August 1, 2016 for Seix High Yield Fund. |
See Notes to Financial Statements.
95
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Seix North Carolina Tax-Exempt Bond Fund | Seix Short-Term Bond Fund | Seix Short-Term Municipal Bond Fund | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 341,989 | $ | 770,051 | $ | 188,025 | $ | 298,032 | $ | 115,057 | $ | 166,035 | ||||||||||||
Net Realized Gain | 537,393 | 555,848 | 102,671 | 38,645 | 41,304 | 130 | ||||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (283,700 | ) | (368,882 | ) | (24,686 | ) | 40,850 | (41,511 | ) | 20,433 | ||||||||||||||
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Change in Net Assets from Operations | 595,682 | 957,017 | 266,010 | 377,527 | 114,850 | 186,598 | ||||||||||||||||||
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Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (324,584 | ) | (757,161 | ) | (198,734 | ) | (339,902 | ) | (102,267 | ) | (153,305 | ) | ||||||||||||
A Shares | (17,405 | ) | (12,890 | ) | (6,222 | ) | (10,552 | ) | (12,784 | ) | (12,722 | ) | ||||||||||||
C Shares | — | — | (33 | ) | — | — | — | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (159,925 | ) | — | — | — | (72,254 | ) | ||||||||||||||||
A Shares | — | (2,916 | ) | — | — | — | (13,070 | ) | ||||||||||||||||
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| |||||||||||||
Total Dividends and Distributions | (341,989 | ) | (932,892 | ) | (204,989 | ) | (350,454 | ) | (115,051 | ) | (251,351 | ) | ||||||||||||
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| |||||||||||||
Change in Net Assets from Capital Transactions | 330,472 | (8,940,946 | ) | 2,249,292 | (1,168,383 | ) | (5,999,334 | ) | (2,929,472 | ) | ||||||||||||||
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| |||||||||||||
Change in Net Assets | 584,165 | (8,916,821 | ) | 2,310,313 | (1,141,310 | ) | (5,999,535 | ) | (2,994,225 | ) | ||||||||||||||
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Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 29,068,131 | 37,984,952 | 53,594,118 | 54,735,428 | 39,538,733 | 42,532,958 | ||||||||||||||||||
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End of Period | $ | 29,652,296 | $ | 29,068,131 | $ | 55,904,431 | $ | 53,594,118 | $ | 33,539,198 | $ | 39,538,733 | ||||||||||||
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Accumulated Net Investment Loss, End of Period | $ | (57,474 | ) | $ | (57,474 | ) | $ | (19,088 | ) | $ | (2,124 | ) | $ | (1,431 | ) | $ | (1,437 | ) | ||||||
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See Notes to Financial Statements.
96
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Seix Total Return Bond Fund | Seix U.S. Government Securities Ultra-Short Bond Fund | Seix U.S. Mortgage Fund | ||||||||||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 9,726,297 | $ | 20,357,092 | $ | 4,861,593 | $ | 9,110,055 | $ | 73,923 | $ | 214,939 | ||||||||||||
Net Realized Gain (Loss) | 14,295,582 | 7,591,506 | 4,369,019 | (565,911 | ) | 321,495 | 255,310 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 7,370,613 | (14,342,369 | ) | (1,869,858 | ) | (10,067,510 | ) | 116,335 | 181,370 | |||||||||||||||
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Change in Net Assets from Operations | 31,392,492 | 13,606,229 | 7,360,754 | (1,523,366 | ) | 511,753 | 651,619 | |||||||||||||||||
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Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (8,983,995 | ) | (19,336,958 | ) | (7,309,760 | ) | (12,422,092 | ) | (212,779 | ) | (291,602 | ) | ||||||||||||
A Shares | (295,996 | ) | (635,699 | ) | — | — | (54,207 | ) | (89,133 | ) | ||||||||||||||
C Shares | — | — | — | — | (20,019 | ) | (39,997 | ) | ||||||||||||||||
R Shares | (338,190 | ) | (769,627 | ) | — | — | — | — | ||||||||||||||||
IS Shares* | (584,614 | ) | (1,476,134 | ) | (7,963 | ) | — | — | — | |||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (1,023,082 | ) | — | — | — | — | |||||||||||||||||
A Shares | — | (34,543 | ) | — | — | — | — | |||||||||||||||||
R Shares | — | (55,720 | ) | — | — | — | — | |||||||||||||||||
IS Shares* | — | (72,019 | ) | — | — | — | — | |||||||||||||||||
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| |||||||||||||
Total Dividends and Distributions | (10,202,795 | ) | (23,403,782 | ) | (7,317,723 | ) | (12,422,092 | ) | (287,005 | ) | (420,732 | ) | ||||||||||||
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Change in Net Assets from Capital Transactions | (128,618,065 | ) | (31,719,301 | ) | 17,770,219 | (94,042,939 | ) | (1,271,409 | ) | 24,033,593 | ||||||||||||||
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Change in Net Assets | (107,428,368 | ) | (41,516,854 | ) | 17,813,250 | (107,988,397 | ) | (1,046,661 | ) | 24,264,480 | ||||||||||||||
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Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 1,110,059,588 | 1,151,576,442 | 1,557,899,260 | 1,665,887,657 | 37,105,523 | 12,841,043 | ||||||||||||||||||
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End of Period | $ | 1,002,631,220 | $ | 1,110,059,588 | $ | 1,575,712,510 | $ | 1,557,899,260 | $ | 36,058,862 | $ | 37,105,523 | ||||||||||||
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Accumulated Net Investment Loss, End of Period | $ | (2,483,002 | ) | $ | (2,006,504 | ) | $ | (2,458,747 | ) | $ | (2,617 | ) | $ | (228,818 | ) | $ | (15,736 | ) | ||||||
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* | IS Shares commenced operations on August 1, 2016 for Seix U.S. Government Securities Ultra-Short Bond Fund. |
See Notes to Financial Statements.
97
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (concluded)
RIDGEWORTH FUNDS For the Periods Indicated
Seix Ultra-Short Bond Fund | Seix Virginia Intermediate Municipal Bond Fund | |||||||||||||||
04/01/16- 09/30/16 | 04/01/15- 03/31/16 | 04/01/16- 09/30/16 | 04/01/15- 03/31/16 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 450,580 | $ | 871,064 | $ | 829,828 | $ | 2,408,083 | ||||||||
Net Realized Gain (Loss) | 135,989 | (240,620 | ) | 432,033 | 2,374,971 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 194,217 | (225,271 | ) | (207,076 | ) | (1,983,765 | ) | |||||||||
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Change in Net Assets from Operations | 780,786 | 405,173 | 1,054,785 | 2,799,289 | ||||||||||||
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| |||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||
Net Investment Income: | ||||||||||||||||
I Shares | (494,310 | ) | (924,985 | ) | (780,661 | ) | (2,299,604 | ) | ||||||||
A Shares | — | — | (49,165 | ) | (108,482 | ) | ||||||||||
Net Realized Gains: | ||||||||||||||||
I Shares | — | — | — | (1,946,468 | ) | |||||||||||
A Shares | — | — | — | (115,930 | ) | |||||||||||
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Total Dividends and Distributions | (494,310 | ) | (924,985 | ) | (829,826 | ) | (4,470,484 | ) | ||||||||
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Change in Net Assets from Capital Transactions | (16,685,709 | ) | (37,209,500 | ) | (32,331 | ) | (53,566,152 | ) | ||||||||
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Change in Net Assets | (16,399,233 | ) | (37,729,312 | ) | 192,628 | (55,237,347 | ) | |||||||||
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Net Assets: | ||||||||||||||||
Beginning of Period | 104,950,294 | 142,679,606 | 69,017,633 | 124,254,980 | ||||||||||||
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End of Period | $ | 88,551,061 | $ | 104,950,294 | $ | 69,210,261 | $ | 69,017,633 | ||||||||
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Accumulated Net Investment Income (Loss), End of Period | $ | (46,119 | ) | $ | (2,389 | ) | $ | 19,174 | $ | 19,172 | ||||||
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See Notes to Financial Statements.
98
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 |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $10.86 | $0.08 | $0.26 | $0.34 | $(0.10) | $— | $— | $(0.10 | ) | $11.10 | $231,768 | 3.15 | % | 0.50 | % | 0.50 | % | 1.54 | % | 126 | % | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.04 | 0.20 | (0.08 | ) | 0.12 | (0.21 | ) | — | (0.09 | ) | (0.30 | ) | 10.86 | 255,522 | 1.18 | 0.48 | 0.48 | 1.82 | 232 | |||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.86 | 0.08 | 0.25 | 0.33 | (0.09) | — | — | (0.09) | 11.10 | 10,433 | 3.07 | 0.65 | 0.65 | 1.39 | 126 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.04 | 0.18 | (0.07 | ) | 0.11 | (0.20 | ) | — | (0.09 | ) | (0.29 | ) | 10.86 | 10,170 | 1.01 | 0.65 | 0.65 | 1.65 | 232 | |||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.87 | 0.06 | 0.26 | 0.32 | (0.08) | — | — | (0.08) | 11.11 | 3,451 | 2.93 | 0.90 | 0.90 | 1.13 | 126 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.05 | 0.15 | (0.07 | ) | 0.08 | (0.17 | ) | — | (0.09 | ) | (0.26 | ) | 10.87 | 3,448 | 0.78 | 0.88 | 0.88 | 1.41 | 232 | |||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.86 | 0.09 | 0.26 | 0.35 | (0.11) | — | — | (0.11) | 11.10 | 800 | 3.21 | 0.37 | 0.37 | 1.70 | 126 | |||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2016(e) | 10.77 | 0.14 | 0.13 | 0.27 | (0.15 | ) | — | (0.03 | ) | (0.18 | ) | 10.86 | 22 | 2.51 | 0.34 | 0.34 | 2.00 | 232 | ||||||||||||||||||||||||||||||||||||||||||
Seix Corporate Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.46 | 0.12 | 0.46 | 0.58 | (0.12) | — | — | (0.12) | 8.92 | 10,983 | 6.94 | 0.70 | 0.92 | 2.83 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.95 | 0.25 | (0.29 | ) | (0.04 | ) | (0.24 | ) | (0.01 | ) | (0.20 | ) | (0.45 | ) | 8.46 | 8,943 | (0.29 | ) | 0.70 | 0.83 | 2.86 | 84 | ||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.50 | 0.11 | 0.46 | 0.57 | (0.11) | — | — | (0.11) | 8.96 | 759 | 6.78 | 0.95 | 1.15 | 2.59 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.99 | 0.23 | (0.29 | ) | (0.06 | ) | (0.22 | ) | (0.01 | ) | (0.20 | ) | (0.43 | ) | 8.50 | 500 | (0.52 | ) | 0.95 | 1.11 | 2.68 | 84 | ||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.46 | 0.08 | 0.46 | 0.54 | (0.08) | — | — | (0.08) | 8.92 | 8,207 | 6.43 | 1.65 | 1.83 | 1.89 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.95 | 0.17 | (0.29 | ) | (0.12 | ) | (0.16 | ) | (0.01 | ) | (0.20 | ) | (0.37 | ) | 8.46 | 8,105 | (1.22 | ) | 1.65 | 1.80 | 2.01 | 84 | ||||||||||||||||||||||||||||||||||||||
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 |
See Notes to Financial Highlights and Notes to Financial Statements.
99
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, 2016^ | $ 8.33 | $ 0.22 | $ 0.32 | $ 0.54 | $ (0.22) | $ — | $ — | $ (0.22) | $ 8.65 | $ 3,212,263 | 6.54 | % | 0.64 | % | 0.64 | % | 5.07 | % | 39 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.86 | 0.40 | (0.53 | ) | (0.13 | ) | (0.40 | ) | — | — | (0.40 | ) | 8.33 | 3,040,875 | (1.50 | ) | 0.62 | 0.62 | 4.69 | 33 | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.33 | 0.21 | 0.33 | 0.54 | (0.21) | — | — | (0.21) | 8.66 | 141,330 | 6.50 | 0.95 | 0.95 | 4.82 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.86 | 0.38 | (0.54 | ) | (0.16 | ) | (0.37 | ) | — | — | (0.37 | ) | 8.33 | 143,325 | (1.79 | ) | 0.92 | 0.92 | 4.42 | 33 | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.33 | 0.18 | 0.33 | 0.51 | (0.18) | — | — | (0.18) | 8.66 | 53,636 | 6.19 | 1.53 | 1.53 | 4.23 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.86 | 0.33 | (0.54 | ) | (0.21 | ) | (0.32 | ) | — | — | (0.32 | ) | 8.33 | 55,203 | (2.37 | ) | 1.51 | 1.51 | 3.82 | 33 | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.33 | 0.22 | 0.34 | 0.56 | (0.23) | — | — | (0.23) | 8.66 | 1,254,174 | 6.72 | 0.53 | 0.53 | 5.25 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.86 | 0.41 | (0.53 | ) | (0.12 | ) | (0.41 | ) | — | — | (0.41 | ) | 8.33 | 1,127,337 | (1.39 | ) | 0.51 | 0.51 | 4.83 | 33 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015(f) | 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, 2016^ | 10.96 | 0.15 | 0.08 | 0.23 | (0.15 | ) | — | — | (0.15 | ) | 11.04 | 107,490 | 2.06 | 0.65 | 0.70 | 2.62 | 28 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.86 | 0.27 | 0.10 | 0.37 | (0.27 | ) | — | — | (0.27 | ) | 10.96 | 107,691 | 3.50 | 0.65 | 0.68 | 2.52 | 41 | |||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.98 | 0.14 | 0.08 | 0.22 | (0.14 | ) | — | — | (0.14 | ) | 11.06 | 3,654 | 2.01 | 0.76 | 0.76 | 2.52 | 28 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.88 | 0.26 | 0.10 | 0.36 | (0.26 | ) | — | — | (0.26 | ) | 10.98 | 3,621 | 3.40 | 0.75 | 0.75 | 2.43 | 41 | |||||||||||||||||||||||||||||||||||||||||||
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 |
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 High Grade Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $ 12.36 | $ 0.13 | $ 0.19 | $ 0.32 | $ | (0.13 | ) | $ — | $ — | $ | (0.13 | ) | $ 12.55 | $ 96,566 | 2.57 | % | 0.65 | % | 0.70 | % | 2.02 | % | 118 | % | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 12.29 | 0.27 | 0.19 | 0.46 | (0.27 | ) | — | (0.12 | ) | (0.39 | ) | 12.36 | 99,803 | 3.85 | 0.65 | 0.69 | 2.21 | 171 | ||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 12.36 | 0.12 | 0.19 | 0.31 | (0.12 | ) | — | — | (0.12 | ) | 12.55 | 14,691 | 2.50 | 0.80 | 0.80 | 1.88 | 118 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 12.29 | 0.25 | 0.19 | 0.44 | (0.25 | ) | — | (0.12 | ) | (0.37 | ) | 12.36 | 13,996 | 3.70 | 0.79 | 0.79 | 2.07 | 171 | ||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
Seix High Income Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 5.92 | 0.20 | 0.49 | 0.69 | (0.20 | ) | — | — | (0.20 | ) | 6.41 | 493,917 | 11.75 | 0.80 | 0.81 | 6.36 | 45 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 6.67 | 0.40 | (0.75 | ) | (0.35 | ) | (0.40 | ) | — | — | (0.40 | ) | 5.92 | 546,793 | (5.31 | ) | 0.79 | 0.79 | 6.34 | 77 | ||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 5.92 | 0.19 | 0.50 | 0.69 | (0.19 | ) | — | — | (0.19 | ) | 6.42 | 43,286 | 11.79 | 1.05 | 1.05 | 6.09 | 45 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 6.68 | 0.38 | (0.75 | ) | (0.37 | ) | (0.39 | ) | — | — | (0.39 | ) | 5.92 | 43,433 | (5.68 | ) | 1.03 | 1.03 | 6.08 | 77 | ||||||||||||||||||||||||||||||||||||||||
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 | (g) | 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 | |||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 5.92 | 0.18 | 0.49 | 0.67 | (0.18 | ) | — | — | (0.18 | ) | 6.41 | 14,790 | 11.51 | 1.24 | 1.24 | 5.92 | 45 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 6.68 | 0.37 | (0.76 | ) | (0.39 | ) | (0.37 | ) | — | — | (0.37 | ) | 5.92 | 14,574 | (5.87 | ) | 1.23 | 1.23 | 5.92 | 77 | ||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 5.92 | 0.20 | 0.49 | 0.69 | (0.20 | ) | — | — | (0.20 | ) | 6.41 | 12,971 | 11.83 | 0.65 | 0.65 | 6.38 | 45 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 6.68 | 0.40 | (0.75 | ) | (0.35 | ) | (0.41 | ) | — | — | (0.41 | ) | 5.92 | 1,117 | (5.30 | ) | 0.63 | 0.63 | 6.27 | 77 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015(h) | 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 |
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 Yield Fund |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $ 7.80 | $ 0.23 | $ 0.51 | $ 0.74 | $ | (0.23 | ) | $ — | $ — | $ | (0.23 | ) | $ 8.31 | $ 579,638 | 9.63 | % | 0.64 | % | 0.64 | % | 5.74 | % | 44 | % | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.73 | 0.47 | (0.92 | ) | (0.45 | ) | (0.48 | ) | — | — | (0.48 | ) | 7.80 | 523,206 | (5.23 | ) | 0.61 | 0.61 | 5.71 | 76 | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 7.61 | 0.22 | 0.49 | 0.71 | (0.22 | ) | — | — | (0.22 | ) | 8.10 | 5,098 | 9.42 | 0.82 | 0.82 | 5.58 | 44 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.51 | 0.44 | (0.89 | ) | (0.45 | ) | (0.45 | ) | — | — | (0.45 | ) | 7.61 | 7,463 | (5.36 | ) | 0.84 | 0.84 | 5.48 | 76 | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 7.80 | 0.22 | 0.51 | 0.73 | (0.22 | ) | — | — | (0.22 | ) | 8.31 | 136 | 9.40 | 1.05 | 1.05 | 5.34 | 44 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 8.72 | 0.44 | (0.91 | ) | (0.47 | ) | (0.45 | ) | — | — | (0.45 | ) | 7.80 | 573 | (5.52 | ) | 1.04 | 1.04 | 5.29 | 76 | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
IS Shares(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 8.17 | 0.11 | 0.11 | 0.22 | (0.08 | ) | — | — | (0.08 | ) | 8.31 | 8,141 | 2.67 | 0.54 | 0.54 | 5.66 | 44 | |||||||||||||||||||||||||||||||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 12.22 | 0.14 | 0.08 | 0.22 | (0.14 | ) | — | — | (0.14 | ) | 12.30 | 638,213 | 1.76 | 0.65 | 0.69 | 2.18 | 65 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 12.29 | 0.28 | 0.07 | 0.35 | (0.28 | ) | — | (0.14 | ) | (0.42 | ) | 12.22 | 629,435 | 2.96 | 0.65 | 0.68 | 2.32 | 139 | ||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 12.24 | 0.13 | 0.08 | 0.21 | (0.13 | ) | — | — | (0.13 | ) | 12.32 | 23,240 | 1.68 | 0.80 | 0.92 | 2.03 | 65 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 12.30 | 0.26 | 0.08 | 0.34 | (0.26 | ) | — | (0.14 | ) | (0.40 | ) | 12.24 | 24,861 | 2.89 | 0.80 | 0.93 | 2.17 | 139 | ||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
Seix Limited Duration Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.83 | 0.03 | 0.09 | 0.12 | (0.03 | ) | — | — | (0.03 | ) | 9.92 | 6,711 | 1.17 | 0.35 | 0.45 | 0.57 | 63 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 9.83 | 0.03 | — | (j) | 0.03 | (0.03 | ) | — | — | (0.03 | ) | 9.83 | 6,649 | 0.26 | 0.35 | 0.47 | 0.29 | 50 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.83 | 0.02 | — | (j) | 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 |
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) | ||||||||||||||||||||||||||||||||||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $ 10.53 | $ 0.12 | $ 0.09 | $ 0.21 | $ | (0.12 | ) | $ — | $ — | $ | (0.12 | ) | $ 10.62 | $ 26,970 | 2.00 | % | 0.65 | % | 0.74 | % | 2.26 | % | 34 | % | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.49 | 0.24 | 0.11 | 0.35 | (0.24 | ) | — | (0.07 | ) | (0.31 | ) | 10.53 | 28,576 | 3.39 | 0.65 | 0.73 | 2.31 | 42 | ||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.50 | 0.11 | 0.09 | 0.20 | (0.11 | ) | — | — | (0.11 | ) | 10.59 | 2,682 | 1.93 | 0.80 | 0.84 | 2.02 | 34 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.46 | 0.22 | 0.12 | 0.34 | (0.23 | ) | — | (0.07 | ) | (0.30 | ) | 10.50 | 492 | 3.23 | 0.80 | 0.81 | 2.15 | 42 | ||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
Seix Short-Term Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.98 | 0.04 | 0.01 | 0.05 | (0.04 | ) | — | — | (0.04 | ) | 9.99 | 52,257 | 0.51 | 0.60 | 0.69 | 0.74 | 56 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 9.98 | 0.06 | 0.01 | 0.07 | (0.07 | ) | — | — | (0.07 | ) | 9.98 | 49,749 | 0.68 | 0.60 | 0.68 | 0.58 | 87 | |||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.01 | 0.03 | 0.01 | 0.04 | (0.03 | ) | — | — | (0.03 | ) | 10.02 | 2,027 | 0.40 | 0.80 | 0.82 | 0.54 | 56 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.00 | 0.04 | 0.02 | 0.06 | (0.05 | ) | — | — | (0.05 | ) | 10.01 | 2,104 | 0.58 | 0.80 | 0.81 | 0.38 | 87 | |||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.00 | — | (j) | 0.02 | 0.02 | — | — | — | — | 10.02 | 1,620 | 0.20 | 1.41 | 1.58 | (0.06 | ) | 56 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.00 | (0.01 | ) | 0.01 | — | — | (j) | — | — | — | (j) | 10.00 | 1,742 | — | 1.29 | 1.58 | (0.10 | ) | 87 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.97 | (0.01 | ) | 0.04 | 0.03 | — | (j) | — | — | — | (j) | 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 | |||||||||||||||||||||||||||||||||||||||||||
Seix Short-Term Municipal Bond Fund |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.98 | 0.03 | — | (j) | 0.03 | (0.03 | ) | — | — | (0.03 | ) | 9.98 | 29,278 | 0.33 | 0.48 | 0.65 | 0.65 | 37 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.00 | 0.04 | — | (j) | 0.04 | (0.04 | ) | — | (0.02 | ) | (0.06 | ) | 9.98 | 32,184 | 0.41 | 0.51 | 0.62 | 0.41 | 82 | |||||||||||||||||||||||||||||||||||||||||
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 |
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, 2016^ | $ 9.98 | $ 0.02 | $ — | (j) | $ 0.02 | $ | (0.02 | ) | $ — | $ — | $ | (0.02 | ) | $ 9.98 | $ 4,262 | 0.23 | % | 0.68 | % | 0.74 | % | 0.43 | % | 37 | % | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.00 | 0.02 | — | (j) | 0.02 | (0.02 | ) | — | (0.02 | ) | (0.04 | ) | 9.98 | 7,354 | 0.23 | 0.67 | 0.72 | 0.24 | 82 | |||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
Seix Total Return Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.67 | 0.10 | 0.23 | 0.33 | (0.11 | ) | — | — | (0.11 | ) | 10.89 | 870,768 | 3.22 | 0.46 | 0.46 | 1.91 | 130 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.75 | 0.19 | (0.05 | ) | 0.14 | (0.21 | ) | — | (0.01 | ) | (0.22 | ) | 10.67 | 971,159 | 1.35 | (g) | 0.45 | 0.45 | 1.82 | 181 | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 11.02 | 0.09 | 0.24 | 0.33 | (0.10 | ) | — | — | (0.10 | ) | 11.25 | 31,576 | 2.98 | 0.71 | 0.71 | 1.65 | 130 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.11 | 0.17 | (0.06 | ) | 0.11 | (0.19 | ) | — | (0.01 | ) | (0.20 | ) | 11.02 | 32,366 | 1.02 | 0.71 | 0.71 | 1.55 | 181 | |||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.67 | 0.07 | 0.23 | 0.30 | (0.08 | ) | — | — | (0.08 | ) | 10.89 | 47,401 | 2.77 | 1.07 | 1.07 | 1.29 | 130 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.75 | 0.13 | (0.05 | ) | 0.08 | (0.15 | ) | — | (0.01 | ) | (0.16 | ) | 10.67 | 50,402 | 0.74 | 1.06 | 1.06 | 1.21 | 181 | |||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.67 | 0.11 | 0.23 | 0.34 | (0.12 | ) | — | — | (0.12 | ) | 10.89 | 52,887 | 3.16 | 0.32 | 0.32 | 2.04 | 130 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.75 | 0.21 | (0.06 | ) | 0.15 | (0.22 | ) | — | (0.01 | ) | (0.23 | ) | 10.67 | 56,133 | 1.49 | 0.31 | 0.31 | 1.95 | 181 | |||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2015(h) | 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, 2016^ | 10.03 | 0.03 | 0.02 | 0.05 | (0.05 | ) | — | — | (0.05 | ) | 10.03 | 1,571,076 | 0.47 | 0.41 | 0.41 | 0.62 | 42 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.12 | 0.06 | (0.07 | ) | (0.01 | ) | (0.08 | ) | — | — | (0.08 | ) | 10.03 | 1,557,899 | (0.11 | ) | 0.41 | 0.41 | 0.57 | 52 | ||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
IS Shares(i) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.03 | 0.03 | — | (j) | 0.03 | (0.02 | ) | — | — | (0.02 | ) | 10.04 | 4,636 | 0.28 | 0.26 | 0.26 | 1.52 | 42 |
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 U.S. Mortgage Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | $ 11.33 | $ 0.03 | $ 0.14 | $ 0.17 | $ | (0.10 | ) | $ — | $ — | $ | (0.10 | ) | $ 11.40 | $ 23,710 | 1.49 | % | 0.70 | % | 0.81 | % | 0.57 | % | 79 | % | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.32 | 0.12 | 0.09 | 0.21 | (0.20 | ) | — | — | (0.20 | ) | 11.33 | 25,068 | 1.84 | 0.70 | 0.86 | 1.03 | 223 | |||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 11.31 | 0.02 | 0.14 | 0.16 | (0.09 | ) | — | — | (0.09 | ) | 11.38 | 7,397 | 1.39 | 0.90 | 0.97 | 0.37 | 79 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.29 | 0.08 | 0.11 | 0.19 | (0.17 | ) | — | — | (0.17 | ) | 11.31 | 6,560 | 1.72 | 0.90 | 1.10 | 0.76 | 223 | |||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 11.33 | (0.02 | ) | 0.13 | 0.11 | (0.04 | ) | — | — | (0.04 | ) | 11.40 | 4,952 | 1.00 | 1.65 | 1.67 | (0.38 | ) | 79 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 11.32 | — | (j) | 0.10 | 0.10 | (0.09 | ) | — | — | (0.09 | ) | 11.33 | 5,478 | 0.88 | 1.65 | 1.79 | 0.01 | 223 | ||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||
Seix Ultra-Short Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 9.93 | 0.05 | 0.03 | 0.08 | (0.05 | ) | — | — | (0.05 | ) | 9.96 | 88,551 | 0.84 | 0.40 | 0.40 | 0.98 | 52 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 9.97 | 0.08 | (0.04 | ) | 0.04 | (0.08 | ) | — | — | (0.08 | ) | 9.93 | 104,950 | 0.42 | 0.38 | 0.38 | 0.77 | 59 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2015 | 9.98 | 0.06 | — | (j) | 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 | |||||||||||||||||||||||||||||||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.06 | 0.12 | 0.04 | 0.16 | (0.12 | ) | — | — | (0.12 | ) | 10.10 | 64,839 | 1.61 | 0.65 | 0.71 | 2.39 | 22 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.24 | 0.24 | 0.08 | 0.32 | (0.24 | ) | — | (0.26 | ) | (0.50 | ) | 10.06 | 64,653 | 3.30 | 0.65 | 0.68 | 2.38 | 48 | ||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2016^ | 10.06 | 0.11 | 0.03 | 0.14 | (0.11 | ) | — | — | (0.11 | ) | 10.09 | 4,371 | 1.44 | 0.79 | 0.79 | 2.25 | 22 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2016 | 10.23 | 0.23 | 0.09 | 0.32 | (0.23 | ) | — | (0.26 | ) | (0.49 | ) | 10.06 | 4,365 | 3.29 | 0.76 | 0.76 | 2.29 | 48 | ||||||||||||||||||||||||||||||||||||||||||
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 |
See Notes to Financial Highlights and Notes to Financial Statements.
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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) | IS Shares commenced operations on August 3, 2015. |
(f) | IS Shares commenced operations on February 2, 2015. |
(g) | 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. |
(h) | IS Shares commenced operations on August 1, 2014. |
(i) | IS Shares commenced operations on August 1, 2016. |
(j) | Rounds to less than $0.005 per share. |
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RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
1. | Organization |
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 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 U.S. Government Securities Ultra-Short Bond Fund offers I Shares and IS Shares. The Seix Core Bond Fund, Seix High Income Fund, Seix High Yield 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 and the Shareholder Servicing Plan (“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.
The Funds are each an investment company and accordingly follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Codification Topic 946 (“ASC Topic 946”) Financial Services — Investment Companies.
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
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ.
(a) Investment Valuation — Debt securities are valued at the last quoted bid price provided by independent pricing vendors approved by the Board of Trustees of the Trust (the “Board”) that are based on transactions in debt obligations, quotations from bond dealers, market transactions in comparable securities and various other relationships between securities.
The Funds, in accordance with GAAP, have adopted FASB 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 are classified as Level 1 prices, which includes 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, 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. Short-term obligations with maturities of
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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.
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.
The following is a summary of the inputs used in valuing the Funds’ assets and liabilities carried at fair value as of September 30, 2016:
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Seix Core Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | $— | $13,524,258 | $— | $13,524,258 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 15,446,449 | — | 15,446,449 | ||||||||||||
Corporate Bonds1 | — | 68,531,289 | — | 68,531,289 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 66,761,737 | — | 66,761,737 | ||||||||||||
U.S. Treasury Obligations1 | — | 76,615,017 | — | 76,615,017 | ||||||||||||
Money Market Funds | 9,671,260 | — | — | 9,671,260 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 9,671,260 | 240,878,750 | — | 250,550,010 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Corporate Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Corporate Bonds1 | — | 19,174,620 | — | 19,174,620 | ||||||||||||
Money Market Funds | 965,186 | — | — | 965,186 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 965,186 | 19,174,620 | — | 20,139,806 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Floating Rate High Income Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Security1 | — | 620,162 | — | 620,162 | ||||||||||||
Bank Loans1 | — | 4,382,774,551 | — | 4,382,774,551 | ||||||||||||
Corporate Bonds1 | — | 96,709,877 | 26,757,811 | 4 | 123,467,688 | |||||||||||
Preferred Stock1 | 2,389,175 | — | — | 2,389,175 | ||||||||||||
Common Stocks1 | 10,939,299 | — | — | 10,939,299 | ||||||||||||
Unlisted Call Option Purchased1 | — | — | 0 | 4 | — | |||||||||||
Money Market Fund | 348,783,589 | — | — | 348,783,589 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 362,112,063 | 4,480,104,590 | 26,757,811 | 4 | 4,868,974,464 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Georgia Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 108,493,806 | — | 108,493,806 | ||||||||||||
Money Market Fund | 4,273,753 | — | — | 4,273,753 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 4,273,753 | 108,493,806 | — | 112,767,559 | ||||||||||||
|
|
|
|
|
|
|
|
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(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 | $— | $100,900,878 | $— | $100,900,878 | ||||||||||||
Money Market Fund | 11,979,688 | — | — | 11,979,688 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 11,979,688 | 100,900,878 | — | 112,880,566 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix High Income Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | — | 19,080,966 | — | 19,080,966 | ||||||||||||
Corporate Bonds1 | — | 512,327,886 | 0 | 4 | 512,327,886 | |||||||||||
Convertible Preferred Stock1 | 699,898 | — | — | 699,898 | ||||||||||||
Preferred Stock1 | 3,077,405 | — | — | 3,077,405 | ||||||||||||
Common Stocks1 | 6,246,206 | — | — | 6,246,206 | ||||||||||||
Money Market Funds | 63,021,052 | — | — | 63,021,052 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 73,044,561 | 531,408,852 | 0 | 4 | 604,453,413 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix High Yield Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | — | 24,865,799 | — | 24,865,799 | ||||||||||||
Corporate Bonds1 | — | 533,672,538 | — | 533,672,538 | ||||||||||||
Common Stocks1 | 1,486,276 | — | — | 1,486,276 | ||||||||||||
Money Market Funds | 64,428,396 | — | — | 64,428,396 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 65,914,672 | 558,538,337 | — | 624,453,009 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Investment Grade Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 625,631,889 | — | 625,631,889 | ||||||||||||
Money Market Fund | 37,259,296 | — | — | 37,259,296 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 37,259,296 | 625,631,889 | — | 662,891,185 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Limited Duration Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 1,649,915 | — | 1,649,915 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 4,005,899 | — | 4,005,899 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 1,039,488 | — | 1,039,488 | ||||||||||||
Money Market Fund | 16,004 | — | — | 16,004 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 16,004 | 6,695,302 | — | 6,711,306 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix North Carolina Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 28,200,456 | — | 28,200,456 | ||||||||||||
Money Market Fund | 3,604,879 | — | — | 3,604,879 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,604,879 | 28,200,456 | — | 31,805,335 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Short-Term Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 7,764,551 | — | 7,764,551 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 3,917,684 | — | 3,917,684 | ||||||||||||
Corporate Bonds1 | — | 17,597,121 | — | 17,597,121 | ||||||||||||
Municipal Bond2 | — | 529,538 | — | 529,538 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 3,741,415 | — | 3,741,415 | ||||||||||||
U.S. Treasury Obligations1 | — | 22,005,042 | — | 22,005,042 | ||||||||||||
Money Market Fund | 260,717 | — | — | 260,717 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 260,717 | 55,555,351 | — | 55,816,068 | ||||||||||||
|
|
|
|
|
|
|
|
110
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(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 | $— | $30,807,314 | $— | $30,807,314 | ||||||||||||
Money Market Fund | 3,199,919 | — | — | 3,199,919 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,199,919 | 30,807,314 | — | 34,007,233 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Total Return Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 54,459,149 | — | 54,459,149 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 59,100,418 | — | 59,100,418 | ||||||||||||
Corporate Bonds1 | — | 262,187,999 | — | 262,187,999 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 263,234,369 | — | 263,234,369 | ||||||||||||
U.S. Treasury Obligations1 | — | 336,969,527 | — | 336,969,527 | ||||||||||||
Foreign Government Bonds | — | 20,092,490 | — | 20,092,490 | ||||||||||||
Money Market Funds | 43,797,304 | — | — | 43,797,304 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 43,797,304 | 996,043,952 | — | 1,039,841,256 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Forward Foreign Currency Contracts | — | 1,395,686 | — | 1,395,686 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 43,797,304 | 997,439,638 | — | 1,041,236,942 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities | ||||||||||||||||
Credit Default Swap Contracts | — | (1,003,450 | ) | — | (1,003,450 | ) | ||||||||||
Forward Foreign Currency Contracts | — | (979,155 | ) | — | (979,155 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | — | (1,982,605 | ) | — | (1,982,605 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Security1 | — | 11,771,127 | — | 11,771,127 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 788,478,631 | — | 788,478,631 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 742,732,335 | — | 742,732,335 | ||||||||||||
U.S. Treasury Obligation1 | — | 1,000,508 | — | 1,000,508 | ||||||||||||
Money Market Fund | 36,783,387 | — | — | 36,783,387 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 36,783,387 | 1,543,982,601 | — | 1,580,765,988 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts | (32,549 | ) | — | — | (32,549 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | (32,549 | ) | — | — | (32,549 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix U.S. Mortgage Fund | ||||||||||||||||
Assets | ||||||||||||||||
Collateralized Mortgage Obligations1 | — | 3,792,232 | — | 3,792,232 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 31,012,002 | — | 31,012,002 | ||||||||||||
Money Market Fund | 1,422,449 | — | — | 1,422,449 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 1,422,449 | 34,804,234 | — | 36,226,683 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Ultra-Short Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 19,019,607 | — | 19,019,607 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 18,708,476 | — | 18,708,476 | ||||||||||||
Corporate Bonds1 | — | 41,076,828 | — | 41,076,828 | ||||||||||||
Municipal Bond2 | — | 278,134 | — | 278,134 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 6,845,728 | — | 6,845,728 | ||||||||||||
U.S. Treasury Obligation1 | — | 110,056 | — | 110,056 | ||||||||||||
Money Market Fund | 3,991,755 | — | — | 3,991,755 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,991,755 | 86,038,829 | — | 90,030,584 | ||||||||||||
|
|
|
|
|
|
|
|
111
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Other Financial Instruments3 | ||||||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts | $(3,870) | $— | $— | $(3,870) | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | (3,870) | — | — | (3,870) | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Virginia Intermediate Municipal Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 66,456,320 | — | 66,456,320 | ||||||||||||
Money Market Fund | 3,783,385 | — | — | 3,783,385 | ||||||||||||
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|
|
|
|
|
|
| |||||||||
Total Investments | 3,783,385 | 66,456,320 | — | 70,239,705 | ||||||||||||
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|
|
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 and futures, which are shown at the unrealized appreciation (depreciation) on the instrument. |
4 | As of September 30, 2016, 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, 2016. The Level 3 securities comprised 0.6% of net assets of Seix Floating Rate High Income Fund and 0.0% of net assets of Seix High Income Fund. |
The following is a reconciliation of investments as of September 30, 2016 in which significant unobservable inputs (Level 3) were used in determining fair value:
Balance as of 3/31/2016 | Accrued Discounts | Realized Gain | Change in Unrealized Appreciation | Purchases | Sales | Transfers into Level 3 | Transfers out of Level 3 | Balance as of 9/30/2016 | Net Change in Unrealized Appreciation from Investments Still Held as of 9/30/2016 | |||||||||||||||||||||||||||||||
Seix Floating Rate High Income Fund | ||||||||||||||||||||||||||||||||||||||||
Corporate Bonds | ||||||||||||||||||||||||||||||||||||||||
Oil & Gas | $24,497,837 | $7,436 | $6,884 | $4,656,839 | $— | $(2,411,185) | $— | $— | $26,757,811 | $4,656,839 | ||||||||||||||||||||||||||||||
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| |||||||||||||||||||||
$24,497,837 | $7,436 | $6,884 | $4,656,839 | $— | $(2,411,185) | $— | $— | $26,757,811 | $4,656,839 | |||||||||||||||||||||||||||||||
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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, 2016, 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. Paydown gains and losses on mortgage- and asset-backed securities are recorded as adjustments to interest income.
(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
112
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
any, are declared at least annually. Distributions to shareholders from each of the Funds are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.
(d) Expenses and Share Class Accounting — Expenses that are directly related to a specific Fund are charged to that Fund. Other operating expenses of the Trust are allocated pro-rata to the Funds on the basis of relative net assets or another appropriate basis. Investment income, common expenses, and realized/unrealized capital gains (losses) on investments are allocated to the various share classes of the Funds on the basis of relative daily net assets of each share class. Fees relating to a specific share class are charged directly to the share class.
(e) Securities Traded on a To-Be-Announced Basis — Certain Funds may trade securities on a to-be-announced (“TBA”) basis. In a TBA transaction, a Fund commits to purchasing or selling securities which have not yet been issued by the issuer and for which specific information, such as the face amount, maturity date and underlying pool of investments in U.S. government agency mortgage pass-through securities, is not announced. Securities purchased on a TBA basis are not settled until they are delivered to the Fund. Beginning on the date a Fund enters into a TBA transaction, cash, U.S. government securities or other liquid high-grade debt obligations are segregated in an amount equal in value to the purchase price of the TBA security. These securities are subject to market fluctuations and their current value is determined in the same manner as for other securities.
(f) Derivative Instruments — Certain Funds may enter into derivative contracts for purposes of pursuing their investment objectives, to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks. Open derivative positions as of September 30, 2016 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.
113
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
The Funds do not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments and foreign currencies.
Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the amount actually received.
(j) Swap Contracts — Certain Funds may invest in swap contracts for the purpose of managing exposure to interest rate, credit or market risk, or for other purposes. The use of swap contracts involves risks that are different from those associated with ordinary portfolio transactions. Swap contracts may be privately negotiated in the over-the-counter market (“OTC swaps”) or may be executed in a multilateral or other trade facility platform, such as a registered commodities exchange (“centrally cleared swaps”).
OTC swap contracts are marked-to-market daily using an independent pricing vendor and changes in value are recorded as unrealized appreciation or depreciation in the Statements of Assets and Liabilities. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable, as applicable, for variation margin on centrally cleared swaps on the 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 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
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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. As September 30, 2016, the Seix Total Return Bond Fund had outstanding CDS contracts.
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. As of September 30, 2016, the Funds had no outstanding IRS contracts.
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, 2016, are presented in the table below:
Credit Risk | Foreign Exchange Risk | Interest Rate Risk | Total | |||||||||||||
Seix Total Return Bond Fund | ||||||||||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts* | $ | — | $ | 1,395,686 | $ | — | $ | 1,395,686 | ||||||||
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| |||||||||
Total Value | $ | — | $ | 1,395,686 | $ | — | $ | 1,395,686 | ||||||||
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| |||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts^ | $ | — | $ | (979,155 | ) | $ | — | $ | (979,155 | ) | ||||||
Swap Contracts^ | (1,003,450 | ) | — | — | (1,003,450 | ) | ||||||||||
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Total Value | $ | (1,003,450 | ) | $ | (979,155 | ) | $ | — | $ | (1,982,605 | ) | |||||
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Realized Gain (Loss)# | ||||||||||||||||
Forward Contracts | $ | — | $ | (46,297 | ) | $ | — | $ | (46,297 | ) | ||||||
Swap Contracts | (2,142,273 | ) | — | — | (2,142,273 | ) | ||||||||||
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| |||||||||
Total Realized Gain (Loss) | $ | (2,142,273 | ) | $ | (46,297 | ) | $ | — | $ | (2,188,570 | ) | |||||
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Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Forward Contracts | $ | — | $ | 1,216,004 | $ | — | $ | 1,216,004 | ||||||||
Swap Contracts | (1,003,450 | ) | — | — | (1,003,450 | ) | ||||||||||
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| |||||||||
Total Change in Appreciation (Depreciation) | $ | (1,003,450 | ) | $ | 1,216,004 | $ | — | $ | 212,554 | |||||||
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Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Forward Currency Contracts | — | 173,980,113 | — | 173,980,113 | ||||||||||||
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Swap Contracts | 77,500,000 | — | — | 77,500,000 | ||||||||||||
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115
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Credit Risk | Foreign Exchange Risk | Interest Rate Risk | Total | |||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | ||||||||||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts^ | $ | — | $ | — | $ | (32,549 | ) | $ | (32,549 | ) | ||||||
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Total Value | $ | — | $ | — | $ | (32,549 | ) | $ | (32,549 | ) | ||||||
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| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (189,811 | ) | $ | (189,811 | ) | ||||||
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Total Realized Gain (Loss) | $ | — | $ | — | $ | (189,811 | ) | $ | (189,811 | ) | ||||||
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| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | 13,510 | $ | 13,510 | ||||||||
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| |||||||||
Total Change in Appreciation (Depreciation) | $ | — | $ | — | $ | 13,510 | $ | 13,510 | ||||||||
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| |||||||||
Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Futures Short Contracts | — | — | (715 | ) | (715 | ) | ||||||||||
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| |||||||||
Seix Ultra-Short Bond Fund | ||||||||||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts^ | $ | — | $ | — | $ | (3,870 | ) | $ | (3,870 | ) | ||||||
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Total Value | $ | — | $ | — | $ | (3,870 | ) | $ | (3,870 | ) | ||||||
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| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (26,031 | ) | $ | (26,031 | ) | ||||||
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Total Realized Gain (Loss) | $ | — | $ | — | $ | (26,031 | ) | $ | (26,031 | ) | ||||||
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| |||||||||
Change in Unrealized Appreciation (Depreciation)## | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | 4,499 | $ | 4,499 | ||||||||
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| |||||||||
Total Change in Appreciation (Depreciation) | $ | — | $ | — | $ | 4,499 | $ | 4,499 | ||||||||
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Average Number of Contracts, Notional Amounts or Shares+ | ||||||||||||||||
Futures Short Contracts | — | — | (98 | ) | (98 | ) | ||||||||||
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* | Statements of Assets and Liabilities location: Unrealized Appreciation on Credit Default Swap Contracts and 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. |
^ | Statements of Assets and Liabilities location: Unrealized Depreciation on Credit Default Swap Contracts and 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 and centrally cleared swaps 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, 2016. |
116
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
The following table summarizes any OTC derivatives at September 30, 2016 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 (ICE) | $ | 1,596,756 | $ | — | $ | — | $ | 1,596,756 | ||||||||
JPMorgan | 1,395,686 | — | — | 1,395,686 | ||||||||||||
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| |||||||||
$ | 2,992,442 | $ | — | $ | — | $ | 2,992,442 | |||||||||
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| |||||||||
Liabilities | ||||||||||||||||
JPMorgan | $ | 979,155 | $ | — | $ | — | $ | 979,155 | ||||||||
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| |||||||||
$ | 979,155 | $ | — | $ | — | $ | 979,155 | |||||||||
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(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 Liabilities. |
(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. 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.
For Seix Core Bond Fund, Seix Corporate Bond Fund, Seix High Income Fund, Seix High Yield Fund and Seix Total Return Bond Fund the value of the security loan obligation is classified as follows as of September 30, 2016:
Seix Core Bond Fund
Remaining Contractual Maturity of the Agreements As of September 30, 2016 | ||||||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | ||||||||||||||||
Securities Lending Transactions | ||||||||||||||||||||
Corporate Bonds | $759,080 | $— | $— | $— | $759,080 | |||||||||||||||
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|
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|
|
| |||||||||||
Total Borrowings | $759,080 | $— | $— | $— | $759,080 | |||||||||||||||
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|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $759,080 | ||||||||||||||||||
|
|
117
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Seix Corporate Bond Fund | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements As of September 30, 2016 | ||||||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | ||||||||||||||||
Securities Lending Transactions | ||||||||||||||||||||
Corporate Bonds | $669,285 | $— | $— | $— | $669,285 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $669,285 | $— | $— | $— | $669,285 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $669,285 | ||||||||||||||||||
|
| |||||||||||||||||||
Seix High Income Fund | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements As of September 30, 2016 | ||||||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | ||||||||||||||||
Securities Lending Transactions | ||||||||||||||||||||
Common Stocks | $994,260 | $— | $— | $— | $994,260 | |||||||||||||||
Corporate Bonds | 43,744,983 | — | — | — | 43,744,983 | |||||||||||||||
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|
| |||||||||||
Total | $44,739,243 | $— | $— | $— | $44,739,243 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $44,739,243 | $— | $— | $— | $44,739,243 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $44,739,243 | ||||||||||||||||||
|
| |||||||||||||||||||
Seix High Yield Fund | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements As of September 30, 2016 | ||||||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | ||||||||||||||||
Securities Lending Transactions | ||||||||||||||||||||
Common Stocks | $606,699 | $— | $— | $— | $606,699 | |||||||||||||||
Corporate Bonds | 33,987,111 | — | — | — | 33,987,111 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total | $34,593,810 | $— | $— | $— | $34,593,810 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $34,593,810 | $— | $— | $— | $34,593,810 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $34,593,810 | ||||||||||||||||||
|
| |||||||||||||||||||
Seix Total Return Bond Fund | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements As of September 30, 2016 | ||||||||||||||||||||
Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | ||||||||||||||||
Securities Lending Transactions | ||||||||||||||||||||
Corporate Bonds | $7,237,098 | $— | $— | $— | $7,237,098 | |||||||||||||||
U.S. Treasury Obligations | 10,484,155 | — | — | — | 10,484,155 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total | $17,721,253 | $— | $— | $— | $17,721,253 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $17,721,253 | $— | $— | $— | $17,721,253 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $17,721,253 | ||||||||||||||||||
|
|
(l) When-Issued Securities and Forward Commitments — Delivery and payment for securities that have been purchased by a Fund on a forward commitment or when-issued basis can take place up to a month or more after the transaction date at a fixed price. During this period, such securities are subject to market fluctuations. The purchase of securities on a when-issued or forward commitment basis may increase the volatility of a Fund’s NAV if the Fund makes such investments while remaining substantially fully invested. A Fund records when-issued securities on trade date and will segregate or earmark liquid assets in an amount at least equal in value to its commitments to purchase when-issued and forward commitment securities or engage in other appropriate measures to “cover” its obligation. When-issued securities and the segregated liquid assets associated with such investments are presented within the Funds’ Schedules of Portfolio Investments.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
(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, 2016, the Funds had no unfunded loan commitments.
(n) Restricted Securities — Certain Funds’ investments are restricted as to resale. As of September 30, 2016, 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 Statement of Assets and Liabilities for the estimated tax withholding based on the securities’ current market value. Upon disposition, realized gains or losses on such securities are recorded net of foreign withholding tax.
(q) Counterparty Risk and Credit-Risk-Related Contingent Features of Derivative Instruments — Certain Funds may invest in certain securities or engage in other transactions where the Funds are exposed to counterparty credit risk in addition to broader market risks. The Funds may invest in securities of issuers, which may also be considered counterparties as trading partners in other transactions. This may increase the risk of loss in the event of default or bankruptcy by the counterparty or if the counterparty otherwise fails to meet its contractual obligations. The Funds’ Investment Adviser attempts to mitigate counterparty risk by (i) periodically assessing the creditworthiness of its trading partners, (ii) monitoring and/or limiting the amount of its net exposure to each individual counterparty based on its assessment and (iii) requiring collateral from the counterparty for certain transactions. Market events and changes in overall economic conditions may impact the assessment of such counterparty risk by the investment manager. In addition, declines in the values of underlying collateral received may expose the Funds to increased risk of loss.
(r) Other Risks — Certain Funds invest in high yield corporate, government, and other debt instruments of U.S. and non-U.S. issuers. High yield securities involve greater risk of default or downgrade and are more volatile than investment grade securities. A Fund’s concentration of investments in securities of issuers located in a specific region or state, subjects that Fund to the economic and government policies of the region or state, and may increase risk versus that of a fund whose investments are more diversified. Please refer to each Fund’s prospectus for additional risks that may be associated with the Funds.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
At September 30, 2016, 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, as amended (the “Code”), 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, 2016, 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. As of September 30, 2016, open tax years include the tax years of March 31, 2014 through 2017.
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 Company (“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 0.17% 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. As of September 30, 2016, the Funds had no 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 | ||||||||||||
Seix High Yield Fund | $104 | $1,072,630 | 1.72 | % | 2 | |||||||||||
Seix Total Return Bond Fund | 521 | 10,537,033 | 1.78 | 1 |
3. | Investment Adviser and Other Service Providers |
Investment Adviser — RidgeWorth Investments (“Investment Adviser”) serves as the investment adviser to the Funds. The Trust and the Investment Adviser have entered into an investment advisory agreement (“Advisory Agreement”). The Investment Adviser is a money-management holding company with multiple style-focused investment boutiques. 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 advisory fee. The maximum annual advisory fee is charged on average daily net assets of each Fund up to
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
$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, 2016 were as follows:
Fund | Maximum Advisory Fee | Discounted Annual Advisory Fee | Advisory Fees Waived | Net Annual fees Paid* | ||||||||||||
Seix Core Bond Fund | 0.25 | % | 0.25 | % | — | % | 0.25 | % | ||||||||
Seix Corporate Bond Fund | 0.40 | 0.40 | (0.12 | ) | 0.28 | |||||||||||
Seix Floating Rate High Income Fund | 0.45 | 0.41 | — | 0.41 | ||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 0.50 | 0.50 | — | 0.50 | ||||||||||||
Seix High Grade Municipal Bond Fund | 0.50 | 0.50 | — | 0.50 | ||||||||||||
Seix High Income Fund | 0.55 | 0.55 | — | 0.55 | ||||||||||||
Seix High Yield Fund | 0.45 | 0.45 | — | 0.45 | ||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 0.50 | 0.49 | — | 0.49 | ||||||||||||
Seix Limited Duration Fund | 0.10 | 0.10 | — | 0.10 | ||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | 0.50 | 0.50 | (0.02 | ) | 0.48 | |||||||||||
Seix Short-Term Bond Fund | 0.40 | 0.40 | — | 0.40 | ||||||||||||
Seix Short-Term Municipal Bond Fund | 0.35 | 0.35 | (0.06 | ) | 0.29 | |||||||||||
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 | 0.40 | 0.40 | — | 0.40 | ||||||||||||
Seix Ultra-Short Bond Fund | 0.22 | 0.22 | — | 0.22 | ||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 0.50 | 0.50 | — | 0.50 |
* | Aggregate annual fees paid to the Investment Adviser, who pays the Subadviser a portion of the fees for its services to the Funds. |
Amounts designated as “—” are 0%.
The Investment Adviser and the Subadviser have contractually agreed, until at least August 1, 2017, 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 | ||||||||||||||||||||
Fund | I Shares | A Shares | C Shares | R Shares | IS Shares | |||||||||||||||
Seix Core Bond Fund* | 0.54 | % | 0.75 | % | N/A | % | 1.05 | % | 0.44 | % | ||||||||||
Seix Corporate Bond Fund | 0.70 | 0.95 | 1.65 | N/A | N/A | |||||||||||||||
Seix Floating Rate High Income Fund* | 0.72 | 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* | 0.85 | 1.10 | N/A | 1.50 | 0.70 | |||||||||||||||
Seix High Yield Fund* | 0.70 | 0.90 | N/A | 1.30 | 0.64 | |||||||||||||||
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 | 1.58 | 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* | 0.54 | 0.75 | N/A | 1.15 | 0.44 | |||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 0.46 | N/A | N/A | N/A | 0.40 | |||||||||||||||
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
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
* | For the period ended July 31, 2016 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 | % | 0.40 | % | ||||||||||
Seix Floating Rate High Income Fund | 0.70 | 1.00 | 1.60 | N/A | 0.60 | |||||||||||||||
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 Short-Term Bond Fund | 0.60 | 0.80 | 1.60 | N/A | N/A | |||||||||||||||
Seix Total Return Bond Fund | 0.50 | 0.75 | N/A | 1.10 | 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, if lower, the contractual expense limitation in place at the time of the waiver or reimbursement.
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, 2016, Seix Short-Term Bond Fund had voluntary reimbursements in the amount of $1,467.
During the period ended September 30, 2016, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. As of September 30, 2016, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:
Expires | ||||||||||||||||
Fund | 2017 | 2018 | 2019 | 2020 | ||||||||||||
Seix Core Bond Fund | ||||||||||||||||
I Shares | $— | $3,506 | $— | $— | ||||||||||||
A Shares | 42 | — | — | — | ||||||||||||
Seix Corporate Bond Fund | ||||||||||||||||
I Shares | 4,667 | 8,964 | 16,529 | 11,292 | ||||||||||||
A Shares | 32 | 307 | 960 | 494 | ||||||||||||
C Shares | 646 | 2,406 | 12,565 | 7,224 | ||||||||||||
Seix Floating Rate High Income Fund | ||||||||||||||||
A Shares | 122 | — | — | — | ||||||||||||
Seix Georgia Tax-Exempt Bond Fund | ||||||||||||||||
I Shares | — | — | 32,454 | 23,901 | ||||||||||||
Seix High Grade Municipal Bond Fund | ||||||||||||||||
I Shares | 16,441 | 26,689 | 43,026 | 25,952 | ||||||||||||
A Shares | 2,174 | — | — | — | ||||||||||||
Seix High Income Fund | ||||||||||||||||
I Shares | 26,432 | — | — | 25,855 | ||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | ||||||||||||||||
I Shares | — | 158,784 | 196,341 | 129,926 | ||||||||||||
A Shares | 32,500 | 30,557 | 34,180 | 14,141 | ||||||||||||
Seix Limited Duration Fund | ||||||||||||||||
I Shares | 8,029 | 8,039 | 7,767 | 3,393 |
122
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Expires | ||||||||||||||||
Fund | 2017 | 2018 | 2019 | 2020 | ||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | ||||||||||||||||
I Shares | $— | $14,868 | $27,262 | $13,366 | ||||||||||||
A Shares | — | — | 60 | 292 | ||||||||||||
Seix Short-Term Bond Fund | ||||||||||||||||
I Shares | 895 | 31,243 | 38,182 | 20,619 | ||||||||||||
A Shares | 541 | 117 | 202 | 177 | ||||||||||||
C Shares | 31 | — | 4,720 | — | ||||||||||||
Seix Short-Term Municipal Bond Fund | ||||||||||||||||
I Shares | 29,616 | 26,182 | 44,128 | 26,314 | ||||||||||||
A Shares | 5,455 | 2,225 | 2,542 | 1,691 | ||||||||||||
Seix Total Return Bond Fund | ||||||||||||||||
A Shares | 2 | — | — | — | ||||||||||||
R Shares | 30,142 | 5,518 | 2,074 | — | ||||||||||||
Seix U.S. Mortgage Fund | ||||||||||||||||
I Shares | 28,700 | 20,029 | 26,390 | 13,774 | ||||||||||||
A Shares | 8,023 | 16,585 | 11,553 | 2,361 | ||||||||||||
C Shares | 20,267 | 21,560 | 6,924 | 543 | ||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | ||||||||||||||||
I Shares | — | — | 28,628 | 18,422 |
Amounts designated as “—” are $0.
Fund Accounting, Custody, Administration, and Transfer Agency — 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’ net asset values. 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 RidgeWorth investment company complex and fees are allocated among the series of the Trust, on the basis of relative net assets.
Boston Financial Data Services, Inc. (“BFDS”) serves as the transfer agent to the Trust pursuant to a Transfer Agency and Service Agreement. BFDS is paid on the basis of net assets, per account fees and certain transaction costs.
Custodian Credits — The Funds have an agreement with their custodian under which custody fees may be reduced by balance credits. These credits, if any, are shown as a reduction of custody expenses on the Statements of Operations.
Distribution — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement.
In addition, with respect to the A Shares, C Shares and R Shares, the Distributor receives amounts, pursuant to a Distribution and Service Plan, based upon average daily net assets of each respective class, which are computed daily and paid monthly. For the period ended September 30, 2016, the Distributor did not retain any of the front end sales charges assessed on the sale of A shares. For the period ended September 30, 2016, the Distributor did not retain any commissions from contingent deferred sales charges assessed on redemptions of C Shares. These current board approved fees, expressed as a percentage of average daily net assets, for the period ended September 30, 2016, were as follows:
Fund | A Shares Distribution and Service Fee | C Shares Distribution and Service Fee | R Shares Distribution and Service Fee | IS Shares Distribution and Service Fee | ||||||||||||
Seix Core Bond Fund | 0.25 | % | 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 |
123
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Fund | A Shares Distribution and Service Fee | C Shares Distribution and Service Fee | R Shares Distribution and Service Fee | IS Shares Distribution and Service Fee | ||||||||||||
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 a shareholder services fee up to an annual rate of 0.20% of average daily net assets of a Fund’s I Shares or A Shares. The 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.
Compliance & Fund Services 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, 2016, the Investment Adviser was paid $521,710 for these services. Foreside Fund Officer Services, LLC (‘‘FFOS’’), an affiliate of the Distributor, provides an Anti-Money Laundering Officer/Identity Theft Prevention Officer (“AML Officer”) to the Trust. Effective October 2015, Foreside Management Services, LLC (“FMS”), an affiliate of the Distributor, provides Principal Financial Officer (“PFO”) support services to the Trust. Fees paid to FFOS and FMS pursuant to these agreements are reflected on the Statements of Operations as a component of the caption “Other Fees”.
Neither FFOS 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, FFOS 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.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
4. | Capital Stock Transactions |
Transactions in capital shares and dollars for the fiscal year ended March 31, 2016 and the period ended September 30, 2016 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 | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,854,599 | — | 183,862 | (4,677,626 | ) | — | (2,639,165 | ) | $20,456,257 | $— | $2,030,081 | $(51,620,847) | $— | $(29,134,509) | ||||||||||||||||||||||||||||||||||
3/31/2016 | 3,773,694 | 18,121,184 | 514,563 | (16,264,183 | ) | — | 6,145,258 | 40,652,397 | 195,102,886 | 5,532,336 | (175,119,070 | ) | — | 66,168,549 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 67,811 | — | 6,491 | (70,417 | ) | — | 3,885 | 750,184 | — | 71,660 | (773,691 | ) | — | 48,153 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 114,909 | 312,495 | 19,263 | (181,459 | ) | — | 265,208 | 1,234,908 | 3,363,629 | 207,022 | (1,960,111 | ) | — | 2,845,448 | ||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 14,061 | — | 2,102 | (22,616 | ) | — | (6,453 | ) | 156,244 | — | 23,225 | (249,966 | ) | — | (70,497 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 63,349 | 1,392 | 7,188 | (70,497 | ) | — | 1,432 | 681,606 | 14,994 | 77,357 | (760,012 | ) | — | 13,945 | ||||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 69,951 | — | 566 | (539 | ) | — | 69,978 | 763,140 | — | 6,263 | (5,921 | ) | — | 763,482 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 2,309 | — | 30 | (277 | ) | — | 2,062 | 24,783 | — | 327 | (2,994 | ) | — | 22,116 | ||||||||||||||||||||||||||||||||||
Seix Corporate Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 457,039 | — | 16,180 | (298,427 | ) | — | 174,792 | 3,992,088 | — | 142,706 | (2,621,689 | ) | — | 1,513,105 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 332,069 | — | 66,369 | (2,042,573 | ) | — | (1,644,135 | ) | 2,874,849 | — | 559,900 | (17,746,984 | ) | — | (14,312,235 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 77,702 | — | 535 | (52,370 | ) | — | 25,867 | 690,492 | — | 4,737 | (455,874 | ) | — | 239,355 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 40,688 | — | 2,578 | (74,224 | ) | — | (30,958 | ) | 345,153 | — | 21,778 | (637,354 | ) | — | (270,423 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 3,923 | — | 8,421 | (49,822 | ) | — | (37,478 | ) | 34,795 | — | 74,168 | (434,618 | ) | — | (325,655 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 39,199 | — | 42,617 | (161,946 | ) | — | (80,130 | ) | 328,481 | — | 355,742 | (1,369,368 | ) | — | (685,145 | ) | ||||||||||||||||||||||||||||||||
Seix Floating Rate High Income Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 92,334,672 | — | 7,946,442 | (94,158,158 | ) | — | 6,122,956 | 791,118,809 | — | 68,023,617 | (802,921,007 | ) | — | 56,221,419 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 170,340,033 | — | 20,764,128 | (508,778,380 | ) | — | (317,674,219 | ) | 1,471,672,628 | — | 178,035,065 | (4,367,322,310 | ) | — | (2,717,614,617 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 2,297,073 | — | 378,551 | (3,551,410 | ) | — | (875,786 | ) | 19,632,556 | — | 3,241,528 | (30,291,204 | ) | — | (7,417,120 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 8,169,669 | — | 715,765 | (8,337,227 | ) | — | 548,207 | 70,528,471 | — | 6,117,753 | (71,544,260 | ) | — | 5,101,964 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 437,263 | — | 112,551 | (979,090 | ) | — | (429,276 | ) | 3,735,635 | — | 963,769 | (8,376,976 | ) | — | (3,677,572 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 1,195,922 | — | 201,422 | (2,044,517 | ) | — | (647,173 | ) | 10,336,524 | — | 1,718,817 | (17,473,145 | ) | — | (5,417,804 | ) | ||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 31,293,372 | — | 1,457,753 | (23,174,819 | ) | — | 9,576,306 | 268,432,541 | — | 12,496,117 | (197,462,575 | ) | — | 83,466,083 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 224,292,881 | — | 1,963,926 | (92,406,634 | ) | — | 133,850,173 | 1,966,663,031 | — | 16,665,384 | (778,962,744 | ) | — | 1,204,365,671 | ||||||||||||||||||||||||||||||||||
Seix Georgia Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 654,899 | — | 127,800 | (875,276 | ) | — | (92,577 | ) | 7,257,768 | — | 1,417,339 | (9,704,862 | ) | — | (1,029,755 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 2,112,609 | — | 281,773 | (4,711,514 | ) | — | (2,317,132 | ) | 22,739,783 | — | 3,045,225 | (50,879,549 | ) | — | (25,094,541 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 6,694 | — | 4,074 | (10,320 | ) | — | 448 | 75,059 | — | 45,259 | (114,223 | ) | — | 6,095 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 17,533 | — | 7,749 | (29,719 | ) | — | (4,437 | ) | 191,368 | — | 83,945 | (320,008 | ) | — | (44,695 | ) | ||||||||||||||||||||||||||||||||
Seix High Grade Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 859,520 | — | 62,425 | (1,301,117 | ) | — | (379,172 | ) | 10,797,824 | — | 784,490 | (16,332,307 | ) | — | (4,749,993 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 3,082,083 | — | 189,300 | (2,989,888 | ) | — | 281,495 | 37,610,574 | — | 2,310,363 | (36,571,732 | ) | — | 3,349,205 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 175,129 | — | 9,070 | (145,777 | ) | — | 38,422 | 2,206,939 | — | 114,016 | (1,830,352 | ) | — | 490,603 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 191,190 | — | 30,996 | (432,490 | ) | — | (210,304 | ) | 2,332,202 | — | 378,352 | (5,267,431 | ) | — | (2,556,877 | ) |
125
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(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 | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 14,824,585 | — | 2,563,577 | (32,730,237 | ) | — | (15,342,075 | ) | $92,148,585 | $— | $16,023,933 | $(202,987,176 | ) | $— | $(94,814,658 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 53,888,034 | — | 6,491,068 | (80,951,480 | ) | — | (20,572,378 | ) | 337,896,385 | — | 40,140,348 | (498,500,450 | ) | — | (120,463,717 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 4,267,182 | — | 211,861 | (5,066,009 | ) | — | (586,966 | ) | 26,537,281 | — | 1,327,391 | (31,557,231 | ) | — | (3,692,559 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 4,030,897 | — | 497,172 | (6,945,176 | ) | — | (2,417,107 | ) | 25,894,346 | — | 3,085,138 | (43,754,670 | ) | — | (14,775,186 | ) | ||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 115,785 | — | 67,524 | (338,481 | ) | — | (155,172 | ) | 721,063 | — | 422,584 | (2,106,426 | ) | — | (962,779 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 359,333 | — | 161,075 | (1,187,358 | ) | — | (666,950 | ) | 2,219,409 | — | 997,383 | (7,386,173 | ) | — | (4,169,381 | ) | ||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 3,378,564 | — | 88,337 | (1,630,673 | ) | — | 1,836,228 | 20,793,070 | — | 553,907 | (10,391,860 | ) | — | 10,955,117 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 679,195 | — | 42,294 | (1,050,372 | ) | — | (328,883 | ) | 4,520,923 | — | 267,858 | (6,288,539 | ) | — | (1,499,758 | ) | ||||||||||||||||||||||||||||||||
Seix High Yield Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 15,617,044 | — | 1,412,939 | (14,296,631 | ) | — | 2,733,352 | 126,606,631 | — | 11,512,827 | (115,775,169 | ) | — | 22,344,289 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 41,765,800 | — | 2,677,794 | (57,054,822 | ) | — | (12,611,228 | ) | 344,971,553 | — | 21,784,528 | (463,492,389 | ) | — | (96,736,308 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 239,911 | — | 20,767 | (611,964 | ) | — | (351,286 | ) | 1,899,444 | — | 164,847 | (4,831,650 | ) | — | (2,767,359 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 1,826,899 | — | 49,068 | (1,848,225 | ) | — | 27,742 | 14,701,000 | — | 392,138 | (14,843,739 | ) | — | 249,399 | ||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | — | — | 1,347 | (58,404 | ) | — | (57,057 | ) | — | — | 10,960 | (474,349 | ) | — | (463,389 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 2,247 | — | 4,222 | (22,713 | ) | — | (16,244 | ) | 18,090 | — | 34,524 | (193,271 | ) | — | (140,657 | ) | ||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,048,204 | — | 750 | (69,055 | ) | — | 979,899 | 8,680,249 | — | 6,231 | (571,764 | ) | — | 8,114,716 | ||||||||||||||||||||||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 6,086,128 | — | 502,191 | (6,220,663 | ) | — | 367,656 | 75,114,852 | — | 6,199,829 | (76,785,663 | ) | — | 4,529,018 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 13,026,768 | — | 1,590,200 | (16,652,152 | ) | — | (2,035,184 | ) | 158,312,240 | — | 19,300,261 | (202,281,494 | ) | — | (24,668,993 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 53,532 | — | 16,456 | (215,203 | ) | — | (145,215 | ) | 659,378 | — | 203,465 | (2,655,093 | ) | — | (1,792,250 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 270,002 | — | 61,646 | (692,731 | ) | — | (361,083 | ) | 3,278,639 | — | 748,831 | (8,422,052 | ) | — | (4,394,582 | ) | ||||||||||||||||||||||||||||||||
Seix Limited Duration Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
3/31/2016 | 1 | — | — | (1 | ) | — | — | 10 | — | — | (10 | ) | — | — | ||||||||||||||||||||||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 149,951 | — | 29,379 | (354,347 | ) | — | (175,017 | ) | 1,594,466 | — | 313,086 | (3,777,834 | ) | — | (1,870,282 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 844,230 | — | 22,593 | (1,697,037 | ) | — | (830,214 | ) | 8,794,686 | — | 235,955 | (17,670,389 | ) | — | (8,639,748 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 205,981 | — | 584 | (162 | ) | — | 206,403 | 2,196,254 | — | 6,212 | (1,712 | ) | — | 2,200,754 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 3,850 | — | 1,440 | (34,435 | ) | — | (29,145 | ) | 40,276 | — | 14,957 | (356,431 | ) | — | (301,198 | ) | ||||||||||||||||||||||||||||||||
Seix Short-Term Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,072,153 | — | 17,261 | (843,847 | ) | — | 245,567 | 10,713,217 | — | 172,523 | (8,433,737 | ) | — | 2,452,003 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 2,020,005 | — | 28,202 | (2,144,798 | ) | — | (96,591 | ) | 20,069,817 | — | 280,754 | (21,316,782 | ) | — | (966,211 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 4,789 | — | 618 | (13,316 | ) | — | (7,909 | ) | 48,010 | — | 6,195 | (133,396 | ) | — | (79,191 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 39,217 | — | 1,049 | (61,581 | ) | — | (21,315 | ) | 390,439 | — | 10,466 | (613,864 | ) | — | (212,959 | ) | ||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 8,419 | — | 3 | (20,754 | ) | — | (12,332 | ) | 84,463 | — | 31 | (208,014 | ) | — | (123,520 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 34,023 | — | — | (32,941 | ) | — | 1,082 | 339,111 | — | — | (328,324 | ) | — | 10,787 |
126
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(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 Short-Term Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 576,021 | — | 4,140 | (870,705 | ) | — | (290,544 | ) | $5,759,918 | $— | $41,389 | $(8,704,455 | ) | $— | $(2,903,148 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 953,169 | — | 7,278 | (1,603,161 | ) | — | (642,714 | ) | 9,508,130 | — | 72,544 | (16,004,683 | ) | — | (6,424,009 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 19,857 | — | 793 | (330,524 | ) | — | (309,874 | ) | 198,531 | — | 7,930 | (3,302,647 | ) | — | (3,096,186 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 451,219 | — | 1,966 | (102,645 | ) | — | 350,540 | 4,498,824 | — | 19,585 | (1,023,872 | ) | — | 3,494,537 | ||||||||||||||||||||||||||||||||||
Seix Total Return Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 11,685,221 | — | 822,223 | (23,606,301 | ) | — | (11,098,857 | ) | 126,209,111 | — | 8,923,419 | (253,806,962 | ) | — | (118,674,432 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 24,445,338 | — | 1,895,924 | (25,707,163 | ) | — | 634,099 | 258,433,518 | — | 20,024,042 | (271,413,458 | ) | — | 7,044,102 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 340,932 | — | 22,592 | (494,401 | ) | — | (130,877 | ) | 3,800,807 | — | 253,348 | (5,563,122 | ) | — | (1,508,967 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 462,175 | — | 55,139 | (1,487,568 | ) | — | (970,254 | ) | 5,047,588 | — | 601,829 | (16,200,651 | ) | — | (10,551,234 | ) | ||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 314,095 | — | 31,041 | (718,008 | ) | — | (372,872 | ) | 3,397,018 | — | 337,017 | (7,763,799 | ) | — | (4,029,764 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 795,487 | — | 77,532 | (2,150,252 | ) | — | (1,277,233 | ) | 8,396,594 | — | 819,135 | (22,713,931 | ) | — | (13,498,202 | ) | ||||||||||||||||||||||||||||||||
IS Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 39,580 | — | 49,005 | (495,038 | ) | — | (406,453 | ) | 430,463 | — | 531,967 | (5,367,332 | ) | — | (4,404,902 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 2,408,963 | — | 141,104 | (3,939,256 | ) | — | (1,389,189 | ) | 25,424,750 | — | 1,490,984 | (41,629,701 | ) | — | (14,713,967 | ) | ||||||||||||||||||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 27,562,539 | — | 654,401 | (26,906,904 | ) | — | 1,310,036 | 276,512,514 | — | 6,562,586 | (269,941,871 | ) | — | 13,133,229 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 69,731,135 | — | 1,082,880 | (80,130,245 | ) | — | (9,316,230 | ) | 702,624,532 | — | 10,908,593 | (807,576,064 | ) | — | (94,042,939 | ) | ||||||||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 473,057 | — | 793 | (11,999 | ) | — | 461,851 | 4,749,477 | — | 7,963 | (120,450 | ) | — | 4,636,990 | ||||||||||||||||||||||||||||||||||
Seix U.S. Mortgage Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 204,738 | — | 18,510 | (355,540 | ) | — | (132,292 | ) | 2,325,097 | — | 210,454 | (4,041,953 | ) | — | (1,506,402 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 911,814 | 1,506,410 | 25,558 | (554,435 | ) | — | 1,889,347 | 10,270,176 | 16,905,776 | 287,767 | (6,240,251 | ) | — | 21,223,468 | ||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 86,705 | — | 4,720 | (21,300 | ) | — | 70,125 | 980,368 | — | 53,587 | (242,001 | ) | — | 791,954 | ||||||||||||||||||||||||||||||||||
3/31/2016 | 184,007 | 49,212 | 7,846 | (121,669 | ) | — | 119,396 | 2,066,876 | 551,248 | 88,138 | (1,363,719 | ) | — | 1,342,543 | ||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 2,030 | — | 1,751 | (52,790 | ) | — | (49,009 | ) | 23,035 | — | 19,908 | (599,904 | ) | — | (556,961 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 72,081 | 104,870 | 3,533 | (49,636 | ) | — | 130,848 | 809,121 | 1,176,793 | 39,767 | (558,099 | ) | — | 1,467,582 | ||||||||||||||||||||||||||||||||||
Seix Ultra-Short Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 1,584,064 | — | 40,787 | (3,303,338 | ) | — | (1,678,487 | ) | 15,765,266 | — | 405,819 | (32,856,794 | ) | — | (16,685,709 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 3,877,331 | — | 78,994 | (7,694,691 | ) | — | (3,738,366 | ) | 38,499,137 | — | 784,778 | (76,493,415 | ) | — | (37,209,500 | ) | ||||||||||||||||||||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 606,898 | — | 17,960 | (628,103 | ) | — | (3,245 | ) | 6,156,206 | — | 182,091 | (6,362,059 | ) | — | (23,762 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 1,119,433 | — | 116,554 | (6,446,425 | ) | — | (5,210,438 | ) | 11,308,335 | — | 1,164,775 | (65,333,009 | ) | — | (52,859,899 | ) | ||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||
9/30/2016 | 23,972 | — | 4,274 | (29,077 | ) | — | (831 | ) | 242,685 | — | 43,306 | (294,560 | ) | — | (8,569 | ) | ||||||||||||||||||||||||||||||||
3/31/2016 | 15,992 | — | 20,643 | (106,197 | ) | — | (69,562 | ) | 161,455 | — | 206,765 | (1,074,473 | ) | — | (706,253 | ) |
* | IS Shares commenced operations on August 3, 2015 for Seix Core Bond Fund and August 1, 2016 for Seix High Yield Fund and Seix U.S. Government Securities Ultra-Short Bond Fund. |
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(Unaudited)
5. | Investment Transactions |
The cost of security purchases and the proceeds from sales and maturities of securities, excluding securities maturing less than one year from acquisition and U.S. government securities, for the period ended September 30, 2016, were as follows:
Fund | Purchases | Sales and Maturities | ||||||
Seix Core Bond Fund | $49,485,862 | $52,631,211 | ||||||
Seix Corporate Bond Fund | 12,066,164 | 10,543,819 | ||||||
Seix Floating Rate High Income Fund | 1,746,556,944 | 1,643,490,845 | ||||||
Seix Georgia Tax-Exempt Bond Fund | 30,691,554 | 31,542,473 | ||||||
Seix High Grade Municipal Bond Fund | 119,084,398 | 115,899,912 | ||||||
Seix High Income Fund | 252,176,414 | 338,727,618 | ||||||
Seix High Yield Fund | 263,103,693 | 230,131,335 | ||||||
Seix Investment Grade Tax-Exempt Bond Fund | 441,613,892 | 395,349,500 | ||||||
Seix Limited Duration Fund | 4,228,351 | 4,051,984 | ||||||
Seix North Carolina Tax-Exempt Bond Fund | 10,199,178 | 9,940,121 | ||||||
Seix Short-Term Bond Fund | 9,678,468 | 9,384,707 | ||||||
Seix Short-Term Municipal Bond Fund | 12,904,735 | 18,467,864 | ||||||
Seix Total Return Bond Fund | 232,779,428 | 248,921,489 | ||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 456,541,818 | 242,413,893 | ||||||
Seix U.S. Mortgage Fund | 3,348,508 | 1,354,435 | ||||||
Seix Ultra-Short Bond Fund | 41,590,999 | 49,509,112 | ||||||
Seix Virginia Intermediate Municipal Bond Fund | 15,787,032 | 15,014,292 |
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, 2016, were as follows:
Fund | Purchases—U.S. Government Securities | Sales—U.S. Government Securities | ||||||
Seix Core Bond Fund | $242,202,690 | $228,302,462 | ||||||
Seix Corporate Bond Fund | 3,585,208 | 3,624,105 | ||||||
Seix Short-Term Bond Fund | 22,096,649 | 19,961,069 | ||||||
Seix Total Return Bond Fund | 955,314,773 | 941,795,059 | ||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 255,110,838 | 395,493,059 | ||||||
Seix U.S. Mortgage Fund | 24,926,143 | 28,751,216 | ||||||
Seix Ultra-Short Bond Fund | 3,055,236 | 9,973,292 |
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 effects of certain differences reclassified as of March 31, 2016 were as follows:
Fund | Paid-in Capital | Accumulated Net Realized Gain (Loss) | Undistributed Investment Income (Loss) | |||||||||
Seix Core Bond Fund | $105,418 | $(563,454) | $458,036 | |||||||||
Seix Corporate Bond Fund | — | 3,040 | (3,040 | ) | ||||||||
Seix Floating Rate High Income Fund | — | (136,644 | ) | 136,644 |
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(Unaudited)
Fund | Paid-in Capital | Accumulated Net Realized Gain (Loss) | Undistributed Investment Income (Loss) | |||||||||
Seix High Income Fund | $— | $(150,580 | ) | $150,580 | ||||||||
Seix High Yield Fund | — | (671,319 | ) | 671,319 | ||||||||
Seix Limited Duration Fund | — | 2,115 | (2,115 | ) | ||||||||
Seix North Carolina Tax-Exempt Bond Fund | — | (5,669 | ) | 5,669 | ||||||||
Seix Short-Term Bond Fund | — | (51,867 | ) | 51,867 | ||||||||
Seix Total Return Bond Fund | — | (2,892,784 | ) | 2,892,784 | ||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | — | (3,309,937 | ) | 3,309,937 | ||||||||
Seix U.S. Mortgage Fund | (621,703 | ) | 415,955 | 205,748 | ||||||||
Seix Ultra-Short Bond Fund | — | (53,923 | ) | 53,923 |
The cost of investments and aggregate gross unrealized appreciation and depreciation for securities held by the Funds as of September 30, 2016 were as follows:
Fund | Tax Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Seix Core Bond Fund | $245,988,568 | $5,241,108 | $(679,666) | $4,561,442 | ||||||||||||
Seix Corporate Bond Fund | 19,513,989 | 735,660 | (109,843 | ) | 625,817 | |||||||||||
Seix Floating Rate High Income Fund | 4,940,343,856 | 40,919,006 | (112,288,398 | ) | (71,369,392 | ) | ||||||||||
Seix Georgia Tax-Exempt Bond Fund | 105,539,787 | 7,297,308 | (69,536 | ) | 7,227,772 | |||||||||||
Seix High Grade Municipal Bond Fund | 108,158,508 | 4,816,423 | (94,365 | ) | 4,722,058 | |||||||||||
Seix High Income Fund | 593,305,431 | 25,869,093 | (14,721,111 | ) | 11,147,982 | |||||||||||
Seix High Yield Fund | 610,272,026 | 21,450,228 | (7,269,245 | ) | 14,180,983 | |||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 633,263,937 | 30,210,564 | (583,316 | ) | 29,627,248 | |||||||||||
Seix Limited Duration Fund | 6,701,690 | 10,347 | (731 | ) | 9,616 | |||||||||||
Seix North Carolina Tax-Exempt Bond Fund | 30,306,889 | 1,569,295 | (70,849 | ) | 1,498,446 | |||||||||||
Seix Short-Term Bond Fund | 55,603,864 | 229,603 | (17,399) | 212,204 | ||||||||||||
Seix Short-Term Municipal Bond Fund | 33,869,814 | 154,673 | (17,254 | ) | 137,419 | |||||||||||
Seix Total Return Bond Fund | 1,020,708,420 | 22,089,834 | (2,956,998 | ) | 19,132,836 | |||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 1,570,003,214 | 11,657,146 | (894,372 | ) | 10,762,774 | |||||||||||
Seix U.S. Mortgage Fund | 35,614,099 | 617,631 | (5,047 | ) | 612,584 | |||||||||||
Seix Ultra-Short Bond Fund | 89,679,649 | 373,287 | (22,352 | ) | 350,935 | |||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 66,776,913 | 3,496,866 | (34,074 | ) | 3,462,792 |
Amounts designated as “—” are $0.
The tax character of distributions paid to shareholders during the fiscal year ended March 31, 2016 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 | $5,472,740 | $1,298,555 | $ — | $ — | $6,771,295 | |||||||||||||||
Seix Corporate Bond Fund | 670,776 | 271,821 | — | 25,678 | 968,275 | |||||||||||||||
Seix Floating Rate High Income Fund | 267,193,754 | — | — | — | 267,193,754 | |||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 35 | — | 3,197,437 | — | 3,197,472 | |||||||||||||||
Seix High Grade Municipal Bond Fund | 1,029,211 | 102,216 | 2,517,779 | — | 3,649,206 | |||||||||||||||
Seix High Income Fund | 47,227,116 | — | — | — | 47,227,116 | |||||||||||||||
Seix High Yield Fund | 37,383,404 | — | — | — | 37,383,404 | |||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 2,968,203 | 4,455,803 | 15,143,661 | — | 22,567,667 | |||||||||||||||
Seix Limited Duration Fund | 17,332 | — | — | — | 17,332 | |||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | — | 168,510 | 764,382 | — | 932,892 |
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RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Distributions paid from | ||||||||||||||||||||
Fund | Net Investment Income* | Net Long Term��Capital Gains | Tax-Exempt Distributions** | Return of Capital | Total Distributions Paid | |||||||||||||||
Seix Short-Term Bond Fund | $350,454 | $— | $— | $— | $350,454 | |||||||||||||||
Seix Short-Term Municipal Bond Fund | 31,579 | 54,861 | 164,911 | — | 251,351 | |||||||||||||||
Seix Total Return Bond Fund | 22,218,418 | 1,185,364 | — | — | 23,403,782 | |||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 12,422,092 | — | — | — | 12,422,092 | |||||||||||||||
Seix U.S. Mortgage Fund | 420,732 | — | — | — | 420,732 | |||||||||||||||
Seix Ultra-Short Bond Fund | 924,985 | — | — | — | 924,985 | |||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 118,135 | 1,944,263 | 2,408,086 | — | 4,470,484 |
* | 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, 2016 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 | $— | $793,355 | $422,874 | $2,783,991 | $— | $4,000,220 | ||||||||||||||||||
Seix Corporate Bond Fund | — | — | — | 95,529 | (320,096 | ) | (224,567 | ) | ||||||||||||||||
Seix Floating Rate High Income Fund | — | 22,272,734 | — | (343,180,227 | ) | (211,971,957 | ) | (532,879,450 | ) | |||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | 433,903 | — | 506,608 | 7,187,096 | — | 8,127,607 | ||||||||||||||||||
Seix High Grade Municipal Bond Fund | 189,390 | 1,114,762 | 466,803 | 5,152,607 | — | 6,923,562 | ||||||||||||||||||
Seix High Income Fund | — | 3,368,878 | — | (52,741,832 | ) | (78,993,481 | ) | (128,366,435 | ) | |||||||||||||||
Seix High Yield Fund | — | 1,460,015 | — | (29,695,663 | ) | (63,448,031 | ) | (91,683,679 | ) | |||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | 956,636 | 4,500,936 | 1,468,214 | 33,703,446 | — | 40,629,232 | ||||||||||||||||||
Seix Limited Duration Fund | — | 1,910 | — | 11,001 | (827,694 | ) | (814,783 | ) | ||||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | — | — | 164,117 | 1,782,146 | — | 1,946,263 | ||||||||||||||||||
Seix Short-Term Bond Fund | — | 31,408 | — | 229,664 | (1,218,910 | ) | (957,838 | ) | ||||||||||||||||
Seix Short-Term Municipal Bond Fund | 11,337 | 58 | — | 178,931 | — | 190,326 | ||||||||||||||||||
Seix Total Return Bond Fund | — | 411,613 | 1,281,193 | 11,806,320 | — | 13,499,126 | ||||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | — | 1,202,089 | — | 12,646,145 | (21,679,750 | ) | (7,831,516 | ) | ||||||||||||||||
Seix U.S. Mortgage Fund | — | 37,100 | — | 495,824 | (24,571 | ) | 508,353 | |||||||||||||||||
Seix Ultra-Short Bond Fund | — | 89,560 | — | 161,215 | (2,485,365 | ) | (2,234,590 | ) | ||||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | 161,306 | 407,871 | 939,168 | 3,669,868 | — | 5,178,213 |
* | 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
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(Unaudited)
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, 2016, the post-enactment accumulated short-term and long-term capital loss carryforwards were as follows:
Fund | Short Term | Long Term | Total | |||||||||
Seix Corporate Bond Fund | $156,102 | $— | $156,102 | |||||||||
Seix Floating Rate High Income Fund | 40,806,533 | 146,126,939 | 186,933,472 | |||||||||
Seix High Income Fund | 29,363,462 | 49,630,019 | 78,993,481 | |||||||||
Seix High Yield Fund | 24,340,402 | 39,107,629 | 63,448,031 | |||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | 10,992,974 | 2,278,292 | 13,271,266 | |||||||||
Seix Ultra-Short Bond Fund | 237,470 | 231,205 | 468,675 |
As of March 31, 2016, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:
Fund | Expiring 2017 | Expiring 2018 | Expiring 2019 | Expiring 2020 | Total | |||||||||||||||
Seix Floating Rate High Income Fund | $ | 25,038,485 | $ | — | $ | — | $ | — | $ | 25,038,485 | ||||||||||
Seix Limited Duration Fund* | — | 827,086 | — | — | 827,086 | |||||||||||||||
Seix Short-Term Bond Fund | — | 1,200,277 | — | — | 1,200,277 | |||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | — | — | 8,408,484 | — | 8,408,484 | |||||||||||||||
Seix U.S. Mortgage Fund** | — | — | — | — | — | |||||||||||||||
Seix Ultra-Short Bond Fund | 202,726 | 1,362,740 | 451,224 | — | 2,016,690 |
* | Of the $829,060 of capital loss carryforwards subject to limitations due to an ownership change on June 30, 2013, $1,974 was utilized, and the remaining $827,086, will expire in 2018. |
** | Of the $695,758 of capital loss carryforwards subject to limitations due to an ownership change on January 31, 2014, $74,055 was utilized, and the remaining $621,703 expired unused. |
Amounts designated as “—” are $0.
Capital loss carryforwards may be applied to offset future realized capital gains and therefore may reduce future capital gain distributions.
During the fiscal year ended March 31, 2016, the following Funds utilized capital loss carryforwards as follows:
Fund | Amount | |||
Seix Georgia Tax-Exempt Bond Fund | $1,162,838 | |||
Seix Limited Duration Fund | 1,974 | |||
Seix North Carolina Tax-Exempt Bond Fund | 223,221 | |||
Seix Short-Term Bond Fund | 1,472 | |||
Seix U.S. Mortgage Fund | 74,055 |
During the fiscal year ended March 31, 2016, the following Fund had capital loss carryforwards that expired in fiscal 2016 as follows:
Fund | Amount | |||
Seix U.S. Mortgage Fund | $621,703 |
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, 2016, the following Funds had net capital losses:
Fund | Short Term | Long Term | Total | |||||||||
Seix Corporate Bond Fund | $137,223 | $26,771 | $163,994 | |||||||||
Seix Limited Duration Fund | — | 608 | 608 | |||||||||
Seix Short-Term Bond Fund | 7,996 | 10,637 | 18,633 | |||||||||
Seix U.S. Mortgage Fund | 49,293 | (24,722 | ) | 24,571 |
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Pursuant to federal income tax rules applicable to regulated investment companies, the Funds may elect to treat certain capital losses between November 1 and March 31 and late year ordinary losses (i) ordinary losses between January 1 and March 31, and (ii) specified ordinary and currency losses between November 1 and March 31 as occurring on the first day of the following tax year. For the fiscal year ended March 31, 2016, 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, 2016.
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 August 3, 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 (depreciation) of the Target 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.
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 fiscal year ended March 31, 2016, were as follows:
Net Investment Income (Loss) | $5,701,046 | |||
Net Realized and Unrealized Gains/Losses on Investments | $(3,299,477 | ) | ||
Net Increase/Decrease in Net Assets resulting from Operations | $(2,401,569 | ) |
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 | |||||||||
R 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 fiscal year ended March 31, 2016, were as follows:
Net Investment Income (Loss) | $(159,812 | ) | ||
Net Realized and Unrealized Gains/Losses on Investments | $71,615 | |||
Net Increase/Decrease in Net Assets resulting from Operations | $(88,197 | ) |
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NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
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 March 31, 2016.
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, 2016
(Unaudited)
Set forth below are the names, age, position with the Trust, length of term of office, and the principal occupations and, if applicable, other directorships held during at least the last five years of each of the persons currently serving as a Trustee or officer 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 | |||||||
INDEPENDENT TRUSTEE | ||||||||||||
Tim E. Bentsen (August 1953) | 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. | 29 | Synovus Financial Corp.; Krispy Kreme Doughnuts, Inc. | |||||||
Jeffrey M. Biggar (February 1950) | 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). | 29 | Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013) | |||||||
George C. Guynn (December 1942) | Trustee | Indefinite; since 2008 | Retired. President and CEO, Federal Reserve Bank of Atlanta (1996-2006). | 29 | SUSA Registered Fund, LLC; Oxford Industries; Acuity Brands, Inc. (thru 2014); Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013); Genuine Parts Company (thru 2015) | |||||||
Sidney E. Harris (July 1949) | Trustee | Indefinite; since 2004 | Professor and Dean Emeritus (since April 2015), Professor (1997-2014), Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University. | 29 | Total System Services, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013). | |||||||
Connie D. McDaniel (April 1958) | 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. | 29 | Total System Services, Inc. | |||||||
INTERESTED TRUSTEE | ||||||||||||
Ashi S. Parikh* (February 1966) | Trustee | Indefinite; since 2013 | Chief Executive Officer and Chief Investment Officer, RidgeWorth Investments (2010-present); President and Chief Investment Officer (2008-2010). | 29 | 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, 2016
(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). | |||
James L. Love (December 1968) | Chief Compliance Officer | One year; since 2016 | Managing Director and Chief Compliance Officer, RidgeWorth Investments (since 2016); Chief Compliance Officer and Deputy General Counsel, U.S. Global Investors (2007-2015). | |||
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 02210 (May 1975) | Assistant Treasurer | One year; since 2010 | Vice President, State Street Bank and Trust Company (since 2001).* | |||
Patrick J. Keniston Foreside Fund Officer 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 | Managing Director, Foreside Fund Officer Services, LLC (October 2008-present). | |||
Karen Jacoppo-Wood State Street Bank and Trust Company 100 Summer Street Boston, MA 02111 (December 1966) | Secretary and Chief Legal Officer | One year; since 2014 | Vice President and Managing Counsel, State Street Bank and Trust Company (since 2014); Vice President, RMR Advisors, Inc./RMR Funds (2007-2014).* | |||
Rebecca Gilding State Street Bank and Trust Company 100 Summer Street Boston, MA 02116 (December 1979) | Assistant Secretary | One year; since May 2016 | Vice President and Counsel, State Street Bank and Trust Company (since 2016); Assistant Vice President and Associate Counsel, Brown Brothers Harriman and Co. (2013-2016); Assistant Vice President Citi Fund Services, Inc. (2005-2013).* |
* | 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, 2016
(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, 2016 through September 30, 2016.
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 04/01/16 | Ending Account Value 09/30/16 | Expenses Paid During Period* 04/01/16-09/30/16 | Expense Ratio During Period** 04/01/16-09/30/16 | |||||||||||||||
Seix Core Bond Fund | I Shares | $1,000.00 | $1,031.50 | $2.55 | 0.50 | % | ||||||||||||||
A Shares | 1,000.00 | 1,030.70 | 3.31 | 0.65 | ||||||||||||||||
R Shares | 1,000.00 | 1,029.30 | 4.58 | 0.90 | ||||||||||||||||
IS Shares | 1,000.00 | 1,032.10 | 1.88 | 0.37 | ||||||||||||||||
Seix Corporate Bond Fund | I Shares | 1,000.00 | 1,069.40 | 3.63 | 0.70 | |||||||||||||||
A Shares | 1,000.00 | 1,067.80 | 4.92 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,064.30 | 8.54 | 1.65 | ||||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 1,065.40 | 3.31 | 0.64 | |||||||||||||||
A Shares | 1,000.00 | 1,065.00 | 4.92 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,061.90 | 7.91 | 1.53 | ||||||||||||||||
IS Shares | 1,000.00 | 1,067.20 | 2.75 | 0.53 | ||||||||||||||||
Seix Georgia Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,020.60 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,020.10 | 3.85 | 0.76 | ||||||||||||||||
Seix High Grade Municipal Bond Fund | I Shares | 1,000.00 | 1,025.70 | 3.30 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,025.00 | 4.06 | 0.80 | ||||||||||||||||
Seix High Income Fund | I Shares | 1,000.00 | 1,117.50 | 4.25 | 0.80 | |||||||||||||||
A Shares | 1,000.00 | 1,117.90 | 5.57 | 1.05 | ||||||||||||||||
R Shares | 1,000.00 | 1,115.10 | 6.57 | 1.24 | ||||||||||||||||
IS Shares | 1,000.00 | 1,118.30 | 3.45 | 0.65 | ||||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 1,096.30 | 3.36 | 0.64 | |||||||||||||||
A Shares | 1,000.00 | 1,094.20 | 4.30 | 0.82 | ||||||||||||||||
R Shares | 1,000.00 | 1,094.00 | 5.51 | 1.05 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,026.70 | 0.91 | 0.54 | |||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,017.60 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,016.80 | 4.04 | 0.80 | ||||||||||||||||
Seix Limited Duration Fund | I Shares | 1,000.00 | 1,011.70 | 1.77 | 0.35 | |||||||||||||||
Seix North Carolina Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,020.00 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,019.30 | 4.05 | 0.80 | ||||||||||||||||
Seix Short-Term Bond Fund | I Shares | 1,000.00 | 1,005.10 | 3.02 | 0.60 | |||||||||||||||
A Shares | 1,000.00 | 1,004.00 | 4.02 | 0.80 | ||||||||||||||||
C Shares | 1,000.00 | 1,002.00 | 7.08 | 1.41 | ||||||||||||||||
Seix Short-Term Municipal Bond Fund | I Shares | 1,000.00 | 1,003.30 | 2.41 | 0.48 | |||||||||||||||
A Shares | 1,000.00 | 1,002.30 | 3.41 | 0.68 | ||||||||||||||||
Seix Total Return Bond Fund | I Shares | 1,000.00 | 1,032.20 | 2.34 | 0.46 | |||||||||||||||
A Shares | 1,000.00 | 1,029.80 | 3.61 | 0.71 | ||||||||||||||||
R Shares | 1,000.00 | 1,027.70 | 5.44 | 1.07 | ||||||||||||||||
IS Shares | 1,000.00 | 1,031.60 | 1.63 | 0.32 | ||||||||||||||||
Seix U.S. Government Securities Ultra- Short Bond Fund | I Shares | 1,000.00 | 1,004.70 | 2.06 | 0.41 | |||||||||||||||
IS Shares | *** | 1,000.00 | 1,002.80 | 0.44 | 0.26 |
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ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Fund | Class | Beginning Account Value 04/01/16 | Ending Account Value 09/30/16 | Expenses Paid During Period* 04/01/16-09/30/16 | Expense Ratio During Period** 04/01/16-09/30/16 | |||||||||||||||
Seix U.S. Mortgage Fund | I Shares | $1,000.00 | $1,014.90 | $3.54 | 0.70 | % | ||||||||||||||
A Shares | 1,000.00 | 1,013.90 | 4.54 | 0.90 | ||||||||||||||||
C Shares | 1,000.00 | 1,010.00 | 8.31 | 1.65 | ||||||||||||||||
Seix Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,008.40 | 2.01 | 0.40 | |||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,016.10 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,014.40 | 3.99 | 0.79 |
* | 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 High Yield Fund and Seix U.S. Government Securities Ultra-Short Bond Fund commenced operations on August 1, 2016. Expenses are equal to annualized expense ratio, multiplied by the average account value over the period, multiplied by 61 (the number of days since the commencement of the Class on August 1, 2016), then divided by 365. |
Hypothetical Example
The table below provides information about hypothetical account values and hypothetical expenses based on each RidgeWorth Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Fund | Class | Beginning Account Value 04/01/16 | Ending Account Value 09/30/16 | Expenses Paid During Period* 04/01/16-09/30/16 | Expense Ratio During Period** 04/01/16-09/30/16 | |||||||||||||||
Seix Core Bond Fund | I Shares | $1,000.00 | $1,022.60 | $2.54 | 0.50 | % | ||||||||||||||
A Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | ||||||||||||||||
R Shares | 1,000.00 | 1,020.60 | 4.56 | 0.90 | ||||||||||||||||
IS Shares | 1,000.00 | 1,023.21 | 1.88 | 0.37 | ||||||||||||||||
Seix Corporate Bond Fund | I Shares | 1,000.00 | 1,021.60 | 3.55 | 0.70 | |||||||||||||||
A Shares | 1,000.00 | 1,020.30 | 4.81 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.80 | 8.34 | 1.65 | ||||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 1,021.90 | 3.24 | 0.64 | |||||||||||||||
A Shares | 1,000.00 | 1,020.30 | 4.81 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,017.40 | 7.74 | 1.53 | ||||||||||||||||
IS Shares | 1,000.00 | 1,022.41 | 2.69 | 0.53 | ||||||||||||||||
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 | 3.85 | 0.76 | ||||||||||||||||
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 | 4.05 | 0.80 | ||||||||||||||||
Seix High Income Fund | I Shares | 1,000.00 | 1,021.10 | 4.05 | 0.80 | |||||||||||||||
A Shares | 1,000.00 | 1,019.80 | 5.32 | 1.05 | ||||||||||||||||
R Shares | 1,000.00 | 1,018.90 | 6.28 | 1.24 | ||||||||||||||||
IS Shares | 1,000.00 | 1,021.81 | 3.29 | 0.65 | ||||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 1,021.90 | 3.24 | 0.64 | |||||||||||||||
A Shares | 1,000.00 | 1,021.00 | 4.15 | 0.82 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.80 | 5.32 | 1.05 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,007.45 | 0.91 | 0.54 | |||||||||||||||
Seix Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.10 | 4.05 | 0.80 | ||||||||||||||||
Seix Limited Duration Fund | I Shares | 1,000.00 | 1,023.30 | 1.78 | 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 | 4.05 | 0.80 | ||||||||||||||||
Seix Short-Term Bond Fund | I Shares | 1,000.00 | 1,022.10 | 3.04 | 0.60 | |||||||||||||||
A Shares | 1,000.00 | 1,021.10 | 4.05 | 0.80 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.00 | 7.13 | 1.41 |
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ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS September 30, 2016
(Unaudited)
Fund | Class | Beginning Account Value 04/01/16 | Ending Account Value 09/30/16 | Expenses Paid During Period* 04/01/16-09/30/16 | Expense Ratio During Period** 04/01/16-09/30/16 | |||||||||||||||
Seix Short-Term Municipal Bond Fund | I Shares | $1,000.00 | $1,022.70 | $2.43 | 0.48 | % | ||||||||||||||
A Shares | 1,000.00 | 1,021.70 | 3.45 | 0.68 | ||||||||||||||||
Seix Total Return Bond Fund | I Shares | 1,000.00 | 1,022.80 | 2.33 | 0.46 | |||||||||||||||
A Shares | 1,000.00 | 1,021.50 | 3.60 | 0.71 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.70 | 5.42 | 1.07 | ||||||||||||||||
IS Shares | 1,000.00 | 1,023.46 | 1.62 | 0.32 | ||||||||||||||||
Seix U.S. Government Securities Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.00 | 2.08 | 0.41 | |||||||||||||||
IS Shares | *** | 1,000.00 | 1,007.92 | 0.44 | 0.26 | |||||||||||||||
Seix U.S. Mortgage Fund | I Shares | 1,000.00 | 1,021.60 | 3.55 | 0.70 | |||||||||||||||
A Shares | 1,000.00 | 1,020.60 | 4.56 | 0.90 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.80 | 8.34 | 1.65 | ||||||||||||||||
Seix Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.10 | 2.03 | 0.40 | |||||||||||||||
Seix Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.10 | 4.00 | 0.79 |
* | 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 High Yield Fund and Seix U.S. Government Securities Ultra-Short Bond Fund commenced operations on August 1, 2016. Expenses (hypothetical expenses if IS Shares had been in existence from April 1, 2016) are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 183 (the number of days in the most recent six-month period), then divided by 365. |
Proxy Voting Information
Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.
Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the SEC’s website at www.sec.gov.
Quarterly Portfolio Holdings Information
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available free of charge on the SEC’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330.
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INVESTMENT ADVISER:
RidgeWorth Investments
3333 Piedmont Road, NE, Suite 1500
Atlanta, Georgia 30305
www.ridgeworth.com
INVESTMENT 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. Before investing, investors should carefully read the prospectus or summary prospectus and consider the fund’s investment objectives, risks, charges and expenses. Please call 888.784.3863 or visit ridgeworth.com to obtain a prospectus or summary prospectus, which contains this and other information about the funds.
DISTRIBUTOR:
RIDGEWORTH DISTRIBUTORS LLC
RFSAR-FI-0916
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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: | November 29, 2016 |
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: | November 29, 2016 | |
By: | /s/ Benjamin H. Lowe | |
Benjamin H. Lowe | ||
Treasurer | ||
Date: | November 29, 2016 |