1Investment class and institutional class inception date 11/16/2007.
Returns for periods less than one year are aggregate and returns for periods more than one year are annualized. The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original costs. The performance quoted reflects fee waivers in effect, and would have been lower in their absence. Effective April 2, 2013, the Fund name, benchmark, principal investment strategies and principal risks were changed. Consequently, prior period performance may have been different if the new investment strategy had been in effect during these periods.
Fundamental Characteristics2 as of 9/30/2017
Fees & Minimums
2The Price to Book ratio is calculated based on the book value of each Portfolio security as of the end of its issuer’s most recent fiscal year. The Price to Earnings ratio is calculated based on the latest 12 months earnings of each Portfolio security. The price is as of the date of this publication (9/30/2017). Beta is a measure of the Fund’s sensitivity to the benchmark index. R-squared is a statistical measure that represents the percentage of a Fund’s or security’s movements that are explained by movements in a benchmark index. As the Fund is actively managed on a daily basis, and the Fund changed its investment strategy on April 2, 2013, the securities represented may not represent the current or future composition of the portfolio.
Wilshire Associates Incorporated, the Fund’s investment advisor (“Advisor”), has entered into a contractual agreement to limit expenses to 1.50% and 1.25% of average daily net assets for Investment Class Shares and Institutional Class Shares, respectively, through April 30, 2018. This agreement does not include taxes, brokerage expenses, dividend expenses on short securities and extra ordinary expense. To the extent that the Fund’s expenses are less than the expense limitation, Wilshire may recoup the amount of any management fee waived/expenses reimbursed within three years after the year in which Wilshire incurred the expense if the recoupment does not exceed the existing expense limitation as well as the expense limitation that was in place at the time of the fee waiver/expense reimbursement.
Statement of Additional Information
Form 8937/Section 6045B Reporting
3The XBRL (eXtensible Business Reporting Language) files above can only be read with special viewer software. Additional information on the XBRL language and a free version of the viewer software is available on the SEC’s website at xbrl.sec.gov. Please note that the XBRL file does not include all of the information contained in the prospectus or summary prospectus. To access the full text of a prospectus or summary prospectus, click on the link for each fund in the prospectus or summary prospectus columns above.
There are risks involved with investing, including the possible loss of principal. In addition to the risks associated with investing, investments in smaller companies typically exhibit higher volatility. In addition to the normal risks associated with investing, international investments may involve risk or capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.
You should consider the Fund’s investment objectives, risks, charges, and expenses carefully before you invest. The Fund’s prospectus, which can be obtained by calling 1-866-591-1568, contains this and other information about the fund.
Read the prospectus carefully before you invest or send money.
For more complete information on the Wilshire Mutual Funds, including fees and expenses, please call 1-866-591-1568 for a prospectus. Please read it carefully before you invest or send money.
Diversification may not protect against loss.
Distributed by Ultimus Fund Distributors, LLC. Please send questions or comments to firstname.lastname@example.org or WILSHIRE MUTUAL FUNDS, INC., P.O. Box 219512 Kansas City, MO 64121-9512. Check the background of Ultimus Fund Distributors, LLC, on FINRA’s BrokerCheck.
©2017 by Wilshire Mutual Funds, Inc., 1299 Ocean Avenue, Suite 700, Santa Monica, California, 90401-1085, USA. All rights reserved.
This information is for information purposes only. This information represents the current opinion of the firm. Information herein which has been obtained from third parties are based on sources believed to be reliable. Wilshire Funds Management does not represent that such information it is accurate. Statistical data contained herein are as of the dates noted and such information should not be relied on or be the basis for an investment decision. Past performance is no guarantee of future results. Investing involves risk including loss of principal.