EXPENSE LIMITATION AGREEMENT
Exhibit (d)(4)
AGREEMENT made as of the 1st day of April 2008 by and between RidgeWorth Funds (the “Trust”), a
Massachusetts business trust, RidgeWorth Capital Management Inc. (the “Adviser”) and each
investment subadviser listed on Schedule B (“Subadviser”) with respect to the series of the Trust
(the “Funds”) set forth on Schedule B (together, the “Parties”).
The Adviser and each Subadviser hereby agree to waive their fees and the Adviser agrees to
reimburse expenses to the extent necessary to limit total operating expenses (excluding taxes,
brokerage commissions, substitute dividend expenses on securities sold short, extraordinary
expenses and estimated indirect expenses attributable to investments in other funds, such as ETFs)
for Funds set forth on Schedule A to the levels set forth on Schedule A until August 1, 2008. The
total advisory fees waived shall be borne 60% by the Adviser and 40% by each Subadviser for all
Funds on Schedule A except the Seix Floating Rate High Income Fund, which shall be borne 40% by the
Adviser and 60% by the Subadviser.
If at any point before August 1, 2010, it becomes unnecessary for the Adviser to waive fees and
make reimbursements and a Subadviser to make reimbursements for a particular Fund, the Adviser and
the Subadviser may retain the difference between the Total Annual Fund Operating Expenses of that
Fund and the applicable expense cap to recapture any of its prior waivers or reimbursements.
The Trust acknowledges that the Adviser may engage in brokerage transactions using Fund assets with
brokers who agree to pay a portion of the Fund’s expenses, and that the Adviser’s guarantee of Fund
expense ratios takes into account these expenses-limiting arrangements.
IN WITNESS WHEREOF, the parties hereto have caused this Expense Limitation Agreement to be executed
as of the day and year first written above.
RIDGEWORTH FUNDS | RIDGEWORTH CAPITAL MANAGEMENT, INC. | |||||||
By:
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By: | |||||||
Name:
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Name: | |||||||
Title:
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Title: | |||||||
SILVANT CAPITAL MANAGEMENT LLC | STABLERIVER CAPITAL MANAGEMENT LLC | |||||||
(with respect to the Select Large Cap Growth Stock Fund) | (with respect to the Institutional Cash Management Money Market Fund, the Institutional Municipal Cash Reserve Fund, the Institutional U.S. Government Securities Money Market Fund, the Institutional U.S. Treasury Securities Money Market Fund) | |||||||
By:
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By: | |||||||
Name:
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Name: | |||||||
Title:
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Title: | |||||||
SEIX INVESTMENT ADVISORS LLC | ||||||||
(with respect to the Seix Floating Rate High Income Fund) | ||||||||
By: |
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Name: |
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Title: |
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EXPENSE LIMITATION AGREEMENT
SCHEDULE A
SCHEDULE A
SHARE | EXPENSE | |||||
FUND | CLASS | LIMITATION | ||||
Select Large Cap Growth Stock Fund |
I | 0.95 | % | |||
A | 1.25 | % | ||||
C | 1.95 | % | ||||
Seix Floating Rate High Income Fund |
I | 0.55 | % | |||
A | 0.85 | % | ||||
C | 1.55 | % | ||||
Institutional Cash Management Money Market
Fund |
Institutional | 0.17 | % | |||
Institutional Municipal Cash Reserve Money
Market Fund |
Institutional | 0.20 | % | |||
Institutional U.S. Government Securities
Money Market Fund |
Institutional | 0.20 | % | |||
Institutional U.S. Treasury Securities
Money Market Fund |
Institutional | 0.20 | % | |||
Corporate Trust | 0.45 | % |
SCHEDULE B
FUND NAME | SUBADVISER | |
Select Large Cap Growth Stock
|
Silvant Capital Management, LLC | |
Seix Floating Rate High Income
|
Seix Investment Advisors LLC | |
Institutional Cash Management Money Market
|
StableRiver Capital Management, LLC | |
Institutional Municipal Cash Reserve Money Market
|
StableRiver Capital Management, LLC | |
Institutional U.S. Government Securities Money Market
|
StableRiver Capital Management, LLC | |
Institutional U.S. Treasury Securities Money Market
|
StableRiver Capital Management, LLC |