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RidgeWorth Funds Reopens the Strong Performing Small Cap Value Equity Fund

PRNewswire
ATLANTA
Aug 4, 2008

The RidgeWorth Funds Board of Trustees approved the reopening of the RidgeWorth Small Cap Value Equity Fund, effective August 1, 2008. The Fund, which is ranked in the 1st Quartile of its Lipper Small Cap Value peer group for the 3-, 5- and 10-year periods ending 6/30/08 (out of 248, 199 and 93 funds, respectively), had been closed to investors since April 30, 2004.

The reopening is the result of market depreciation in the small cap space, a larger number of reasonably valued companies within the market capitalization range and shareholder attrition that can be expected over a 4-year period. The Fund has $466 million in assets (as of 6/30/08).

The Fund is subadvised by Ceredex Value Advisors LLC and managed by Brett Barner, CFA, who has managed the Fund (or its predecessor) since 1995. Barner attributes the past success of the Fund to a consistent adherence to the Ceredex investment philosophy, which includes: (1) a dividend orientation, (2) a valuation approach that looks at companies trading in the bottom third of their historical valuation and (3) the identification of positive catalysts that could lead to price appreciation over a 12- to 24-month time period.

For more information about the Fund, please visit www.ridgeworthfunds.com .

Past performance does not guarantee future results. For performance data current to the most recent month end, visit our website at www.ridgeworthfunds.com.

The Small Cap Value Equity Fund ranks 51 out of 314, 40 out of 248, 24 out of 199 and 22 out of 93 Lipper Small Cap Value Funds for the 1-, 3-, 5- and 10-year periods, respectively. The Lipper ranking is as of 6/30/08, based on total return and does not reflect a sales charge. Rankings are for the I Share class only.

Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value. Small capitalization funds typically carry additional risks since smaller companies generally have a risk of failure. Stocks are more volatile and carry more risk and return potential than other types of investments. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

An investor should consider the fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the RidgeWorth Funds can be found in the fund's prospectus. To obtain a prospectus, please call 888-784-3863 or visit www.ridgeworthfunds.com. Please read the prospectus carefully before investing. Mutual fund investing involves risk, including possible loss of principal.

RidgeWorth Funds are distributed by Foreside Distribution Services, L.P. RidgeWorth Investments is the trade name for RidgeWorth Capital Management, Inc., the adviser to the RidgeWorth Funds, and is not affiliated with the distributor.

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE

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SOURCE: RidgeWorth Funds

CONTACT: David M. Craig, RidgeWorth Funds, +1-404-813-9124