Securities and Exchange Commission
Washington, D.C. 20549
Securities Exchange Act of 1934 (Amendment No. )
☐ Preliminary Proxy Statement
☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☐ Definitive Proxy Statement
☒ Definitive Additional Materials
☐ Soliciting Material Pursuant to §240.14a-12
ATTENTION MUTUAL FUNDS TRADING DEPARTMENTS
RE: RidgeWorth Funds NSCC Participant #4920
Important Notice: RidgeWorth Funds Update on Virtus Acquisition
Please see the below for important RidgeWorth Funds’ (Funds) information concerning the shareholder proxy and future operational updates in connection with Virtus Investment Partners’ acquisition of RidgeWorth Investments. We anticipate these updates to be effective in second quarter 2017, subject to fund shareholder approvals and other closing conditions. Once the effective date of these changes is determined, a follow-up communication will be sent to your firm.
Shareholder Proxy and Special Meeting of Shareholders
Date of Special Shareholder Meeting: May 9, 2017
· | The Funds’ shareholders who own shares as of February 17, 2017 were sent proxy materials in March 2017 and have been asked to vote on the reorganization of their respective RidgeWorth fund(s) into a corresponding Virtus fund(s). The attached Appendix A lists the acquired and acquiring funds. |
· | The Funds have retained a proxy solicitor to assist in this effort, so certain shareholders may receive follow-up mailing(s) and/or phone call(s) if their shares are not yet voted.Please encourage your clients to vote their shares if they have not yet voted. |
· | Intermediary firms and shareholders can contact the Funds at 1-888-784-3863 with any questions and to request proxy materials. |
· | If shareholders do not approve the reorganizations on May 9, 2017, a follow-up communication will be sent to your firm with updated information. |
Future Operational Changes and Impacts
Timing of Updates: Second quarter 2017 (the effective date of these changes is contingent on the transaction close date and will be communicated to your firm at a later date)
· | New CUSIPs and Fund Name Changes – The attached Appendix A contains new CUSIPs and updated fund names. |
· | Sales Charges and Finder Fees Updates – The attached Appendix B contains updates to the Funds’ A Shares sales charges and finder fees. The Funds’ C Shares CDSC, up-front dealer payout, and 12b-1 payout will remain unchanged. |
· | 12b-1 Dealer Payouts– The Funds’ A Shares 12b-1 dealer payouts will remain unchanged except for the Seix U.S. Mortgage Fund and Seix Short-Term Bond Fund. The attached Appendix B reflects this update. |
· | Initial and Additional Investment Minimum Updates– The attached Appendix C contains updates to the Funds’ initial and additional investment minimums. |
Please contact RidgeWorth Funds at 1-888-784-3863 should you have any questions regarding this notice.
We thank you for your support of RidgeWorth Funds and will continue to provide you updated communications throughout the transition.
*For Broker Dealer Use Only*
All investments involve risk. There is no guarantee a specific investment strategy will be successful.
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.
©2017 RidgeWorth Investments. All rights reserved. RidgeWorth Investments is the trade name for RidgeWorth Capital Management LLC, an investment adviser registered with the SEC and the adviser to the RidgeWorth Funds. RidgeWorth Funds are distributed by RidgeWorth Distributors LLC, which is not affiliated with the adviser.
APPENDIX A: New Fund Names and CUSIPs |
Reorganization Date: Estimated Second Quarter 2017 |
Effective Date of New Fund Names and CUSIPs: Estimated Second Quarter 2017 |
RidgeWorth Acquired Funds | Current Share Class Name | Current CUSIPs | Ticker | Fund Number | Reorganize into | New Virtus Acquring Shell Funds | Updated Share Class Name | Updated CUSIPs | Ticker | Fund Number | ||||||||||
RidgeWorth Ceredex Large Cap Value Equity Fund | A Shares | 76628R664 | SVIIX | 5513 | Virtus Ceredex Large-Cap Value Equity Fund | Class A | 92837F524 | SVIIX | 5513 | |||||||||||
C Shares | 76628R656 | SVIFX | 5563 | Class C | 92837F516 | SVIFX | 5563 | |||||||||||||
I Shares | 76628R672 | STVTX | 5512 | Class I | 92837F490 | STVTX | 5512 | |||||||||||||
IS Shares | 76628T173 | STVZX | 5993 | Class IS | 92837F482 | STVZX | 5993 | |||||||||||||
RidgeWorth Ceredex Mid-Cap Value Equity Fund | A Shares | 76628R599 | SAMVX | 5724 | Virtus Ceredex Mid-Cap Value Equity Fund | Class A | 92837F474 | SAMVX | 5724 | |||||||||||
C Shares | 76628R581 | SMVFX | 5411 | Class C | 92837F466 | SMVFX | 5411 | |||||||||||||
I Shares | 76628R615 | SMVTX | 5412 | Class I | 92837F458 | SMVTX | 5412 | |||||||||||||
IS Shares | 76628T165 | SMVZX | 5994 | Class IS | 92837F441 | SMVZX | 5994 | |||||||||||||
RidgeWorth Ceredex Small Cap Value Equity Fund | A Shares | 76628R466 | SASVX | 5728 | Virtus Ceredex Small-Cap Value Equity Fund | Class A | 92837F433 | SASVX | 5728 | |||||||||||
C Shares | 76628R458 | STCEX | 5552 | Class C | 92837F425 | STCEX | 5552 | |||||||||||||
I Shares | 76628R474 | SCETX | 5588 | Class I | 92837F417 | SCETX | 5588 | |||||||||||||
RidgeWorth Silvant Large Cap Growth Stock Fund | A Shares | 76628R730 | STCIX | 5511 | Virtus Silvant Large-Cap Growth Stock Fund | Class A | 92837F391 | STCIX | 5511 | |||||||||||
C Shares | 76628R722 | STCFX | 5562 | Class C | 92837F383 | STCFX | 5562 | |||||||||||||
I Shares | 76628R748 | STCAX | 5510 | Class I | 92837F375 | STCAX | 5510 | |||||||||||||
IS Shares | 76628T157 | STCZX | 5995 | Class IS | 92837F367 | STCZX | 5995 | |||||||||||||
RidgeWorth Silvant Small Cap Growth Stock Fund | A Shares | 76628R490 | SCGIX | 5272 | Virtus Silvant Small-Cap Growth Stock Fund | Class A | 92837F359 | SCGIX | 5272 | |||||||||||
C Shares | 76628R482 | SSCFX | 5613 | Class C | 92837F342 | SSCFX | 5613 | |||||||||||||
I Shares | 76628R516 | SSCTX | 5614 | Class I | 92837F334 | SSCTX | 5614 | |||||||||||||
IS Shares | 76628T140 | SCGZX | 5996 | Class IS | 92837F326 | SCGZX | 5996 | |||||||||||||
RidgeWorth Innovative Growth Stock Fund | A Shares | 76628R201 | SAGAX | 5403 | Virtus Zevenbergen Innovative Growth Stock Fund | Class A | 92837F318 | SAGAX | 5403 | |||||||||||
I Shares | 76628R102 | SCATX | 5558 | Class I | 92837F292 | SCATX | 5558 | |||||||||||||
RidgeWorth International Equity Fund | A Shares | 76628R839 | SCIIX | 5541 | Virtus WCM International Equity Fund | Class A | 92837F284 | SCIIX | 5541 | |||||||||||
I Shares | 76628R847 | STITX | 5540 | Class I | 92837F276 | STITX | 5540 | |||||||||||||
IS Shares | 76628U303 | SCIZX | 5980 | Class IS | 92837F268 | SCIZX | 5980 | |||||||||||||
RidgeWorth Conservative Allocation Strategy | A Shares | 76628R359 | SVCAX | 5713 | Virtus Conservative Allocation Strategy Fund | Class A | 92837F250 | SVCAX | 5713 | |||||||||||
C Shares | 76628R334 | SCCLX | 5715 | Class C | 92837F243 | SCCLX | 5715 | |||||||||||||
I Shares | 76628R367 | SCCTX | 5714 | Class I | 92837F235 | SCCTX | 5714 | |||||||||||||
RidgeWorth Growth Allocation Strategy* | A Shares | 76628R318 | SGIAX | 5717 | Virtus Growth Allocation Strategy Fund | Class A | 92837F227 | SGIAX | 5717 | |||||||||||
C Shares | 76628R284 | SGILX | 5716 | Class C | 92837F219 | SGILX | 5716 | |||||||||||||
I Shares | 76628R326 | CLVGX | 5972 | Class I | 92837F193 | CLVGX | 5972 | |||||||||||||
RidgeWorth Moderate Allocation Strategy* | A Shares | 76628R268 | SVMAX | 5718 | Virtus Growth Allocation Strategy Fund | Class A | 92837F227 | SGIAX | 5717 | |||||||||||
C Shares | 76628R243 | SVGLX | 5720 | Class C | 92837F219 | SGILX | 5716 | |||||||||||||
I Shares | 76628R276 | CLVBX | 5971 | Class I | 92837F193 | CLVGX | 5972 | |||||||||||||
RidgeWorth Seix U.S. Mortgage Fund | A Shares | 76628T769 | SLTMX | 5535 | Virtus Seix U.S. Mortgage Fund | Class A | 92837F185 | SLTMX | 5535 | |||||||||||
C Shares | 76628T751 | SCLFX | 5574 | Class C | 92837F177 | SCLFX | 5574 | |||||||||||||
I Shares | 76628T777 | SLMTX | 5534 | Class I | 92837F169 | SLMTX | 5534 | |||||||||||||
RidgeWorth Seix Limited Duration Fund | I Shares | 76628T819 | SAMLX | 5811 | Virtus Seix Limited Duration Fund | Class I | 92837F151 | SAMLX | 5811 | |||||||||||
RidgeWorth Seix Core Bond Fund | A Shares | 76628T868 | STGIX | 5507 | Virtus Seix Core Bond Fund | Class A | 92837F102 | STGIX | 5507 | |||||||||||
R Shares | 76628T850 | SCIGX | 5560 | Class R | 92837F201 | SCIGX | 5560 | |||||||||||||
I Shares | 76628T876 | STIGX | 5506 | Class I | 92837F300 | STIGX | 5506 | |||||||||||||
IS Shares | 76628U204 | STGZX | 5738 | Class IS | 92837F409 | STGZX | 5738 | |||||||||||||
RidgeWorth Seix Corporate Bond Fund | A Shares | 76628T538 | SAINX | 5730 | Virtus Seix Corporate Bond Fund | Class A | 92837F508 | SAINX | 5730 | |||||||||||
C Shares | 76628T520 | STIFX | 5413 | Class C | 92837F607 | STIFX | 5413 | |||||||||||||
I Shares | 76628T546 | STICX | 5414 | Class I | 92837F706 | STICX | 5414 | |||||||||||||
RidgeWorth Seix Total Return Bond Fund | A Shares | 76628T496 | CBPSX | 5801 | Virtus Seix Total Return Bond Fund | Class A | 92837F805 | CBPSX | 5801 | |||||||||||
R Shares | 76628T488 | SCBLX | 5803 | Class R | 92837F888 | SCBLX | 5803 | |||||||||||||
I Shares | 76628T512 | SAMFX | 5800 | Class I | 92837F870 | SAMFX | 5800 | |||||||||||||
IS Shares | 76628T132 | SAMZX | 5997 | Class IS | 92837F862 | SAMZX | 5997 | |||||||||||||
RidgeWorth Seix Short-Term Bond Fund | A Shares | 76628T595 | STSBX | 5517 | Virtus Seix Short-Term Bond Fund | Class A | 92837F854 | STSBX | 5517 | |||||||||||
C Shares | 76628T587 | SCBSX | 5565 | Class C | 92837F847 | SCBSX | 5565 | |||||||||||||
I Shares | 76628T611 | SSBTX | 5516 | Class I | 92837F839 | SSBTX | 5516 | |||||||||||||
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund | I | 76628T439 | SIGVX | 5932 | Virtus Seix U.S. Government Securities Ultra-Short Bond Fund | Class I | 92837F821 | SIGVX | 5932 | |||||||||||
IS | 76628U808 | SIGZX | 6000 | Class IS | 92837F813 | SIGZX | 6000 |
RidgeWorth Acquired Funds | Current Share Class Name | Current CUSIPs | Ticker | Fund Number | Reorganize into | New Virtus Acquring Shell Funds | Updated Share Class Name | Updated CUSIPs | Ticker | Fund Number | ||||||||||
RidgeWorth Seix Ultra-Short Bond Fund | I | 76628T470 | SISSX | 5935 | Virtus Seix Ultra-Short Bond Fund | Class I | 92837F797 | SISSX | 5935 | |||||||||||
RidgeWorth Seix Floating Rate High Income Fund | A Shares | 76628T660 | SFRAX | 5201 | Virtus Seix Floating Rate High Income Fund | Class A | 92837F789 | SFRAX | 5201 | |||||||||||
C Shares | 76628T652 | SFRCX | 5202 | Class C | 92837F771 | SFRCX | 5202 | |||||||||||||
I Shares | 76628T678 | SAMBX | 5203 | Class I | 92837F763 | SAMBX | 5203 | |||||||||||||
IS Shares | 76628U105 | SFRZX | 5999 | Class IS | 92837F755 | SFRZX | 5999 | |||||||||||||
RidgeWorth Seix High Income Fund | A Shares | 76628T504 | SAHIX | 5709 | Virtus Seix High Income Fund | Class A | 92837F748 | SAHIX | 5709 | |||||||||||
R Shares | 76628T603 | STHIX | 5064 | Class R | 92837F730 | STHIX | 5064 | |||||||||||||
I Shares | 76628T405 | STHTX | 5615 | Class I | 92837F722 | STHTX | 5615 | |||||||||||||
IS Shares | 76628T124 | STHZX | 5998 | Class IS | 92837F714 | STHZX | 5998 | |||||||||||||
RidgeWorth Seix High Yield Fund | A Shares | 76628T637 | HYPSX | 5856 | Virtus Seix High Yield Fund | Class A | 92837F698 | HYPSX | 5856 | |||||||||||
R Shares | 76628T629 | HYLSX | 5858 | Class R | 92837F680 | HYLSX | 5858 | |||||||||||||
I Shares | 76628T645 | SAMHX | 5855 | Class I | 92837F672 | SAMHX | 5855 | |||||||||||||
IS Shares | 76628U709 | HYIZX | 6001 | Class IS | 92837F664 | HYIZX | 6001 | |||||||||||||
RidgeWorth Seix Georgia Tax-Exempt Bond Fund | A Shares | 76628R128 | SGTEX | 5527 | Virtus Seix Georgia Tax-Exempt Bond Fund | Class A | 92837F656 | SGTEX | 5527 | |||||||||||
I Shares | 76628R136 | SGATX | 5526 | Class I | 92837F649 | SGATX | 5526 | |||||||||||||
RidgeWorth Seix High Grade Municipal Bond Fund | A Shares | 76628T207 | SFLTX | 5525 | Virtus Seix High Grade Municipal Bond Fund | Class A | 92837F631 | SFLTX | 5525 | |||||||||||
I Shares | 76628T108 | SCFTX | 5524 | Class I | 92837F623 | SCFTX | 5524 | |||||||||||||
RidgeWorth Seix Investment Grade Tax-Exempt Bond Fund | A Shares | 76628T835 | SISIX | 5509 | Virtus Seix Investment Grade Tax-Exempt Bond Fund | Class A | 92837F615 | SISIX | 5509 | |||||||||||
I Shares | 76628T843 | STTBX | 5508 | Class I | 92837F599 | STTBX | 5508 | |||||||||||||
RidgeWorth Seix North Carolina Tax-Exempt Bond Fund | A Shares | 76628T694 | SNCIX | 5722 | Virtus Seix North Carolina Tax-Exempt Bond Fund | Class A | 92837F581 | SNCIX | 5722 | |||||||||||
I Shares | 76628T710 | CNCFX | 5721 | Class I | 92837F573 | CNCFX | 5721 | |||||||||||||
RidgeWorth Seix Short-Term Municipal Bond Fund | A Shares | 76628T736 | SMMAX | 5719 | Virtus Seix Short-Term Municipal Bond Fund | Class A | 92837F565 | SMMAX | 5719 | |||||||||||
I Shares | 76628T744 | CMDTX | 5979 | Class I | 92837F557 | CMDTX | 5979 | |||||||||||||
RidgeWorth Seix Virginia Intermediate Municipal Bond Fund | A Shares | 76628T413 | CVIAX | 5978 | Virtus Seix Virginia Intermediate Municipal Bond Fund | Class A | 92837F540 | CVIAX | 5978 | |||||||||||
I Shares | 76628T421 | CRVTX | 5977 | Class I | 92837F532 | CRVTX | 5977 |
*The RidgeWorth Growth Allocation Strategy and RidgeWorth Moderate Allocation Strategy will both reorganize into the Virtus Growth Allocation Strategy Fund.
APPENDIX B: Sales Charges, Finder Fees and 12b-1 Payout Updates for NEW Virtus Class A Funds
Class A Virtus Equity Funds & Virtus Allocation Strategy Funds
Effective Date: Estimated 2nd Quarter 2017
Asset Levels | Sales Charge | Dealer Payout | CDSC | CDSC Hold | Annual 12b-1 Payout | Month 12b-1 Payout Begins | ||||||||||||||||
Less than $50,000 | 5.75 | % | 5.00 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$50,000 but under $100,000 | 4.75 | % | 4.25 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$100,000 but under $250,000 | 3.75 | % | 3.25 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$250,000 but under $500,000 | 2.75 | % | 2.25 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$500,000 but under $1,000,000 | 2.00 | % | 1.75 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$1,000,000 -$3,000,000 | None | 1.00 | % | 1.00 | % | 18 months | 0.25 | % | 12 | |||||||||||||
$3,000,001-$10,000,000 | None | 0.50 | % | 1.00 | % | 18 months | 0.25 | % | 12 | |||||||||||||
Greater than $10,000,000 | None | 0.25 | % | 1.00 | % | 18 months | 0.25 | % | 12 |
Class A Virtus Seix High Yield, Virtus Seix Corporate Bond, Virtus Seix High Income, Virtus Seix Total Return
Bond & Virtus Seix Core Bond
Effective Date: Estimated 2nd Quarter 2017
Asset Levels | Sales Charge | Dealer Payout | CDSC | CDSC Hold | Annual 12b-1 Payout | Month 12b-1 Payout Begins | ||||||||||||||||
Less than $50,000 | 3.75 | % | 3.25 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$50,000 but under $100,000 | 3.50 | % | 3.00 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$100,000 but under $250,000 | 3.25 | % | 2.75 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$250,000 but under $500,000 | 2.25 | % | 2.00 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$500,000 but under $1,000,000 | 1.75 | % | 1.50 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$1,000,000 -$3,000,000 | None | 0.50 | % | 0.50 | % | 18 months | 0.25 | % | 12 | |||||||||||||
Greater than $3,000,000 | None | 0.25 | % | 0.50 | % | 18 months | 0.25 | % | 12 |
Class A Virtus Seix GA Tax-Exempt Bond, Virtus Seix High Grade Municipal Bond, Virtus Seix NC Tax-Exempt Bond & Virtus Seix VA Intermediate Municipal Bond
Effective Date: Estimated 2nd Quarter 2017
Asset Levels | Sales Charge | Dealer Payout | CDSC | CDSC Hold | Annual 12b-1 Payout | Month 12b-1 Payout Begins | ||||||||||||||||
Less than $50,000 | 2.75 | % | 2.25 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$50,000 but under $100,000 | 2.25 | % | 2.00 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$100,000 but under $250,000 | 1.75 | % | 1.50 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$250,000 but under $500,000 | 1.25 | % | 1.00 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$500,000 but under $1,000,000 | 1.00 | % | 1.00 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$1,000,000 -$3,000,000 | None | 0.50 | % | 0.50 | % | 18 months | 0.15 | % | 12 | |||||||||||||
Greater than $3,000,000 | None | 0.25 | % | 0.50 | % | 18 months | 0.15 | % | 12 |
Class A Virtus Seix Floating Rate High Income & Virtus Seix Investment Grade Tax-Exempt Bond
Effective Date: Estimated 2nd Quarter 2017
Asset Levels | Sales Charge | Dealer Payout | CDSC | CDSC Hold | Annual 12b-1 Payout | Month 12b-1 Payout Begins | ||||||||||||||||
Less than $50,000 | 2.75 | % | 2.25 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$50,000 but under $100,000 | 2.25 | % | 2.00 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$100,000 but under $250,000 | 1.75 | % | 1.50 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$250,000 but under $500,000 | 1.25 | % | 1.00 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$500,000 but under $1,000,000 | 1.00 | % | 1.00 | % | N/A | N/A | 0.25 | % | 1 | |||||||||||||
$1,000,000 -$3,000,000 | None | 0.50 | % | 0.50 | % | 18 months | 0.25 | % | 12 | |||||||||||||
Greater than $3,000,000 | None | 0.25 | % | 0.50 | % | 18 months | 0.25 | % | 12 |
Class A Virtus Seix Short-Term Municipal Bond
Effective Date: Estimated 2nd Quarter 2017
Asset Levels | Sales Charge | Dealer Payout | CDSC | CDSC Hold | Annual 12b-1 Payout | Month 12b-1 Payout Begins | ||||||||||||||||
Less than $50,000 | 2.25 | % | 2.00 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$50,000 but under $100,000 | 2.25 | % | 2.00 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$100,000 but under $250,000 | 1.75 | % | 1.50 | % | N/A | N/A | 0.15 | % | 1 | |||||||||||||
$250,000 but under $1,000,000 | None | None | N/A | N/A | 0.15 | % | 1 | |||||||||||||||
$1,000,000 -$3,000,000 | None | 0.50 | % | 0.50 | % | 18 months | 0.15 | % | 12 | |||||||||||||
Greater than $3,000,000 | None | 0.25 | % | 0.50 | % | 18 months | 0.15 | % | 12 |
Class A Virtus Seix Short-Term Bond & Virtus Seix U.S. Mortgage
Effective Date: Estimated 2nd Quarter 2017
Asset Levels | Sales Charge | Dealer Payout | CDSC | CDSC Hold | Annual 12b-1 Payout | Month 12b-1 Payout Begins | ||||||||||||||||
Less than $50,000 | 2.25 | % | 2.00 | % | N/A | N/A | 0.20 | % | 1 | |||||||||||||
$50,000 but under $100,000 | 2.25 | % | 2.00 | % | N/A | N/A | 0.20 | % | 1 | |||||||||||||
$100,000 but under $250,000 | 1.75 | % | 1.50 | % | N/A | N/A | 0.20 | % | 1 | |||||||||||||
$250,000 but under $1,000,000 | None | None | N/A | N/A | 0.20 | % | 1 | |||||||||||||||
$1,000,000 -$3,000,000 | None | 0.50 | % | 0.50 | % | 18 months | 0.20 | % | 12 | |||||||||||||
Greater than $3,000,000 | None | 0.25 | % | 0.50 | % | 18 months | 0.20 | % | 12 |
APPENDIX C: Initial and Additional Investment Minimum Updates*
Updated Initial Investment Minimums for NEW Virtus Funds
Effective Date: Estimated 2nd Quarter 2017
Share Class | Account Type | Minimum amount | ||
Class A and C | IRA accounts | $100 | ||
Defined contribution plans, asset-based fee programs, profit-sharing plans, or employee benefit plans | None | |||
All other accounts | $2,500 | |||
Class I | Any account for qualified investors | $100,000 | ||
Class IS | For certain account types the fund minimum may apply | $2.5 million | ||
Class R | N/A | None | ||
Updated Additional Investment Minimums for NEW Virtus Funds | ||||
Effective Date: Estimated 2nd Quarter 2017 | ||||
Class A and C | Any account | $100 | ||
Defined contribution plans, asset-based fee programs, profit-sharing plans, or employee benefit plans | None | |||
Class I | N/A | None | ||
Class IS | N/A | None | ||
Class R | N/A | None | ||
Updated Systematic Investment Plans for NEW Virtus Funds | ||||
Effective Date: Estimated 2nd Quarter 2017 | ||||
Class A and C | Systematic Purchase Plan | $100 | ||
Systematic Exchange Plan | $100 | |||
Systematic Withdrawal Plan (account balance minimum $5,000) | $25 |
*This information will be provided in more detail once the funds' new prospectuses are available. In the interim, please see the RidgeWorth Funds' combined prospectus/proxy statement for additional information on minimums.
Good morning/afternoon. As I mentioned in my voice mail today, attached is the RidgeWorth Funds Proxy Communications Guide.
As you will see, the guide contains additional information on the shareholder proxy that is currently underway, samples of the proxy materials your clients received, and detailed voting instructions to assist you and your clients in voting their shares.
Thank you in advance for your support of RidgeWorth Funds. We truly appreciate you working with your clients to secure this important vote.
Should you have any questions or require additional information, please contact me at xxx-xxx-xxxx or the RidgeWorth Sales Desk at 1-866-595-2470.
Sincerely,
xx
All investments involve risk. There is no guarantee a specific investment strategy will be successful.
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.
©2017 RidgeWorth Investments. All rights reserved. RidgeWorth Investments is the trade name for RidgeWorth Capital Management LLC, an investment adviser registered with the SEC and the adviser to the RidgeWorth Funds. RidgeWorth Funds are distributed by RidgeWorth Distributors LLC, which is not affiliated with the adviser.