EXPENSE LIMITATION AGREEMENT
Exhibit (d)(6)
AGREEMENT made as of the 1st day of August 2009 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.
The Adviser and each Subadviser hereby agree to waive their fees and 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 investment companies) for Funds set forth on
Schedule A to the levels set forth on Schedule A until August 1, 2010. For the Institutional Cash
Management Money Market Fund, Institutional Municipal Cash Reserve Money Market Fund, Institutional
U.S. Government Securities Money Market Fund and U.S. Treasury Securities Money Market Fund, the
total advisory fees waived shall be borne 60% by the Adviser and 40% by the Subadviser. For the
Seix Global Strategy Fund, International Equity 130/30 Fund, Real Estate 130/30 Fund and U.S.
Equity 130/30 Fund, the total advisory fees waived shall be borne 40% by the Adviser and 60% by
each Subadviser.
If at any point before August 1, 2012, it becomes unnecessary for the Adviser or Subadviser to
waive fees and 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:
|
/s/ Xxxxx Xxxxx
|
By: | /s/ Xxxx Xxxxxxxx
|
|||||||
Name:
|
Xxxxx Xxxxx | Name: | Xxxx Xxxxxxxx | |||||||
Title:
|
President | Title: | Managing Director and CFO |
ALPHA EQUITY MANAGEMENT LLC (with respect to the International Equity 130/30 Fund, Real Estate
130/30 Fund and U.S. Equity 130/30 Fund)
By: Name: |
/s/ Xxxxx Means
|
|||
Title: |
Managing Partner |
SEIX INVESTMENT ADVISORS LLC (with respect to the Seix Global Strategy Fund)
By: Name: Title: |
/s/ Xxx Xxxxxxx
CEO |
STABLERIVER CAPITAL MANAGEMENT LLC (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: Name: |
/s/ Xxxx X. Xxxxxxxxx III
|
|||
Title: |
President |
EXPENSE LIMITATION AGREEMENT
SCHEDULE A
SCHEDULE A
SHARE | EXPENSE | |||||||
FUND | CLASS | LIMITATION | ||||||
International Equity 130/30 Fund |
I | 1.55 | % | |||||
A | 1.85 | % | ||||||
Real Estate 130/30 Fund |
I | 1.45 | % | |||||
A | 1.75 | % | ||||||
U.S. Equity 130/30 Fund |
I | 1.30 | % | |||||
A | 1.60 | % | ||||||
Aggressive Growth Allocation Strategy |
I | 0.20 | % | |||||
A | 0.50 | % | ||||||
B | 0.95 | % | ||||||
C | 1.20 | % | ||||||
Conservative Allocation Strategy |
I | 0.20 | % | |||||
A | 0.50 | % | ||||||
B | 0.95 | % | ||||||
C | 1.20 | % | ||||||
Growth Allocation Strategy |
I | 0.20 | % | |||||
A | 0.50 | % | ||||||
B | 0.95 | % | ||||||
C | 1.20 | % |
SHARE | EXPENSE | |||||||
FUND | CLASS | LIMITATION | ||||||
Moderate Allocation Strategy |
I | 0.20 | % | |||||
A | 0.50 | % | ||||||
B | 0.95 | % | ||||||
C | 1.20 | % | ||||||
Seix Global Strategy Fund |
I | 0.83 | % | |||||
A | 1.13 | % | ||||||
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 | ADVISER | |
Aggressive Growth Allocation Strategy
|
RidgeWorth Capital Management, Inc. | |
Conservative Allocation Strategy
|
RidgeWorth Capital Management, Inc. | |
Growth Allocation Strategy
|
RidgeWorth Capital Management, Inc. | |
Moderate Allocation Strategy |
RidgeWorth Capital Management, Inc. |
FUND NAME | SUBADVISER | |
International Equity 130/30 Fund |
Alpha Equity Management LLC | |
Real Estate 130/30 Fund
|
Alpha Equity Management LLC | |
U.S. Equity 130/30 Fund
|
Alpha Equity Management LLC | |
Seix Global Strategy Fund
|
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 |