EX-99.H.11 12 l31387aexv99whw11.htm EX-99.H11 EX-99.H11
Exhibit (h) (11)
SHAREHOLDER SERVICE PLAN AND AGREEMENT
RidgeWorth Funds
Corporate Trust Shares
RidgeWorth Funds (the “Trust”) is an open-end investment company registered under the Investment Company Act of 1940, as amended, and currently consisting of a number of separately managed portfolios (each a “Fund,” and collectively, the “Funds”). The Trust desires to retain [ ] (“Intermediary”), to itself provide, or to compensate service providers who themselves provide, the services described herein to clients (the “Clients”) who from time to time beneficially own Corporate Trust shares (“Shares”) of any Fund of the Trust. Intermediary is willing to itself provide, or to compensate service providers for providing, such shareholder services in accordance with the terms and conditions of this Agreement.
     
Section 1.
  Intermediary will provide, or will enter into written agreements in the form attached hereto with service providers pursuant to which the service providers will provide, one or more of the following shareholder services to Clients who may from time to time beneficially own Shares:
 
   
(i)
  maintaining accounts relating to Clients that invest in Shares;
 
   
(ii)
  providing information periodically to Clients showing their positions in Shares;
 
   
(iii)
  arranging for bank wires;
 
   
(iv)
  responding to Client inquiries relating to the services performed by Intermediary or any service provider;
 
   
(v)
  responding to inquiries from Clients concerning their investments in Shares;
 
   
(vi)
  forwarding shareholder communications from the Trust (such as proxies, shareholder reports, annual and semi-annual financial statements and dividend, distribution and tax notices) to Clients;
 
   
(vii)
  processing purchase, exchange and redemption requests from Clients and placing such orders with the Trust or its service providers;
 
   
(viii)
  assisting Clients in changing dividend options, account designations, and addresses;
 
   
(ix)
  providing subaccounting services with respect to Shares beneficially owned by Clients;

 


 

     
(x)
  processing dividend payments from the Trust on behalf of Clients; and
 
   
(xi)
  providing such other similar services as the Trust may reasonably request to the extent that Intermediary and/or the service provider is permitted to do so under applicable laws or regulations.
 
   
Section 2.
  Intermediary will provide all office space and equipment, telephone facilities and personnel (which may be part of the space, equipment and facilities currently used in Intermediary’s business, or any personnel employed by Intermediary) as may be reasonably necessary or beneficial in order to fulfill its responsibilities under this Agreement.
 
   
Section 3.
  Neither Intermediary nor any of its officers, employees, or agents is authorized to make any representations concerning the Trust or the Shares except those contained in the Trust’s then-current prospectus or Statement of Additional Information for the Shares, copies of which will be supplied to Intermediary, or in such supplemental literature or advertising as may be authorized in writing.
 
   
Section 4.
  For purposes of this Agreement, Intermediary and each service provider will be deemed to be independent contractors, and will have no authority to act as agent for the Trust in any matter or in any respect. By its written acceptance of this Agreement, Intermediary agrees to and does release, indemnify, and hold the Trust harmless from and against any and all direct or indirect liabilities or losses resulting from requests, directions, actions, or inactions of or by Intermediary or its officers, employees, or agents regarding Intermediary’s responsibilities under this Agreement, the provision of the aforementioned services to Clients by Intermediary or any service provider, or the purchase, redemption, transfer, or registration of Shares (or orders relating to the same) by or on behalf of Clients. Intermediary and its officers and employees will, upon request, be available during normal business hours to consult with representatives of the Trust or its designees concerning the performance of Intermediary’s responsibilities under this Agreement.
 
   
Section 5.
  In consideration of the services and facilities to be provided by Intermediary or any service provider, each Fund that has issued Shares shall pay (or cause to be paid) to Intermediary a fee, as agreed from time to time, at an annual rate of up to 0.25% (twenty-five basis points) of the average net asset value of the Shares of each Fund (the “Fee”), which Fee will be computed daily and paid monthly. In order to avoid a negative yield, it may be necessary for the Fee to be waived. Should investment advisory fee waivers not be sufficient on any given day to avoid a negative yield, Intermediary agrees to waive all or a portion of the Fee paid by the Shares of the Fund necessary to achieve a yield of 0.00% (zero basis points). There is no guarantee that the Shares of the Fund will be able to

 


 

     
 
  avoid a negative yield. The Trust may, in its discretion and without notice, suspend or withdraw the sale of Shares of any Fund, including the sale of Shares to any service provider for the account of any Client or Clients. Intermediary may waive all or any portion of its fee from time to time.
 
   
Section 6.
  The Trust may enter into other similar servicing agreements with any other person or persons without Intermediary’s consent.
 
   
Section 7.
  By its written acceptance of this Agreement, Intermediary represents, warrants, and agrees that the services provided by Intermediary under this Agreement will in no event be primarily intended to result in the sale of Shares.
 
   
Section 8.
  This Agreement will become effective on the date a fully executed copy of this Agreement is received by the Trust or its designee and shall continue until terminated by either party. This Agreement is terminable with respect to the Shares of any Fund, without penalty, at any time by the Trust or by Intermediary upon written notice to the Trust.
 
   
Section 9.
  All notices and other communications to either the Trust or to Intermediary will be duly given if mailed, telegraphed, telefaxed, or transmitted by similar communications device to the appropriate address stated herein, or to such other address as either party shall so provide the other.
 
   
Section 10.
  This Agreement will be construed in accordance with the laws of the Commonwealth of Massachusetts and may not be “assigned” by either party thereto as that term is defined in the Investment Company Act of 1940.
 
   
Section 11.
  References to the “RidgeWorth Funds,” the “Trust,” and the “Trustees” of the Trust refer respectively to the Trust created and the Trustees as trustees, but not individually or personally, acting from time to time under the Declaration of Trust of the Trust dated January 15, 1992 and amended March 31, 2008, a copy of which is on file with the Secretary of State of the Commonwealth of Massachusetts and at the Trust’s principal office. The obligations of the Trust entered into in the name or on behalf thereof by any of the Trustees, officers, representatives, or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives, or agents of the Trust personally. Further, any obligations of the Trust with respect to any one Fund shall not be binding upon any other Fund.

 


 

By their signatures, the Trust and Intermediary agree to the terms of this Agreement.
     
RIDGEWORTH FUNDS
  [                 ] (INTERMEDIARY)
Attn: President
  Address 1
3435 Stelzer Road
  Address 1
Columbus, OH 43219
  City, State, Zip Code
 
   
By:
  By:
Name:
  Name:
Title:
  Title:
Date:
  Date: