*Inception date: December 17, 2020
**Primary Benchmark: 48% Russel l 1000 Value Index, 26% MSCI World ex USA Value NR Index, 14% S&P Global Infrastructure Index, 10% FTSE EPRA Nareit Developed NR Index, 2% FTSE 3-month U.S. T-Bill Index
Information Regarding Performance Data
The performance results above should be reviewed in the context of the markets applicable to the investment strategies noted. There are certain limitations in model performance as the model results will not completely represent the actual trading of securities in a client account. These results reflect the deduction of the maximum 0.20% Strategist fee. Actual client results will be lower based on the imposition of platform fees, advisory fees, transaction fees and custodial fees by third party firms. Due to differences in share classes and platform restrictions preventing the use of some securities, such as exchange-traded funds, Wilshire’s preferred allocation may not be available on all platforms. When a specific security or financial instrument is unavailable, Wilshire will use a substitute security that is suitable in the context of the portfolio’s stated investment objective. The results reflect reinvestment of all dividends and interest. All returns for periods greater than one year are annualized. As with all investments, there is no guarantee that the investment strategy will be successful and investors should be aware that investments can lose money, including principal, so that an investor could end up with less money than was invested. Past performance is not indicative of future results, and processes used may not achieve the desired results. It is not possible to invest directly in an index. Index returns do not reflect payment of certain sales charges or fees an investor may pay to purchase the securities underlying the index or investment vehicles intended to track the performance of the index. The imposition of these fees and charges would cause actual performance of the securities/vehicles to be lower than the index performance shown.
Data based on target allocations as of 6/30/2021.
1An indication of the current dividends and interest vs. the current market value of the holdings. The yield represents the current amount of income that is being generated from the portfolio without liquidating the principal or capital gains of the Portfolio. However, the yield will fluctuate daily and current or past performance is not indicative of future results. The yield is calculated before the application of Wilshire’s Strategist fee, or any platform fees, advisory fees or other applicable fees. Wilshire uses Dreyfus Government Cash Management Institutional (DGCXX) to represent cash when calculating Distribution Yield.
2There is no guarantee that this portfolio will achieve the targeted yield over any given period.
3Underlying Fund Expense does not include Wilshire’s Strategist fee. Platform fees, advisory fees, and other fees or charges may apply. Underlying Fund Expense reflects the weighted average underlying fund expense ratios as of 6/30/2021 and is subject to change due to various factors including changes in the underlying fund allocations and changes in underlying fund expense ratios.
A Note about Risk: Asset Allocation
The Portfolio is actively managed and is subject to change. The Portfolio is designed to invest in mutual funds that engage in a variety of investment strategies involving certain risks, and are subject to the particular risks of the mutual funds in proportion to which the Portfolio invests in them. Performance of any selected mutual fund may be lower than the performance of the asset class that the mutual fund was selected to represent.
Investments in equities are subject to market risk so that shares, when redeemed, may be worth more or less than their original cost. Security prices can fluctuate significantly in the short term or over extended periods of time. These price fluctuations may result from factors affecting individual companies, industries, or the securities market as a whole. Investments in international securities involve additional risks including currency rate fluctuations, political and economic instability, differences in financial reporting standards, and less stringent regulation of securities markets. The risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries.
Model portfolios are exposed to the specific risks of the underlying ETFs in direct proportion to their percentage allocation. The ETFs comprising the models and the allocations to those ETFs have changed over time and may change in the future.
Wilshire uses an active tactical asset-allocation strategy to manage the Wilshire Active Equity Income Portfolio. Wilshire’s process constructs portfolios in ways that seek to outperform their specific benchmarks. There is no guarantee that the Wilshire Active Equity Income Portfolio will meet or exceed its investment objectives or performance benchmarks. Asset allocation portfolios do not ensure a profit or protect against loss.
There is no guarantee that the Wilshire Active Equity Income Portfolio will provide the targeted income level over any given period. The actual dollar amount of income received by an investor could vary substantially from one year to the next and over time depending on several factors, including the interest-rate environment, the performance of funds in the portfolio and the financial markets in which they invest, and the allocation of a Wilshire Active Equity Income Portfolio across the different funds selected. Additional platform and advisory fees and charges will apply, which will reduce the overall performance and the yield of the Wilshire Active Equity Income Portfolio. In pursuing each portfolio’s primary investment objective to deliver targeted income and the yield, it is possible for a portfolio to experience investment losses and reduction of principal.
Third-party information contained herein has been obtained from sources believed to be reliable. Wilshire gives no representations or warranties as to the accuracy of such information, and accepts no responsibility or liability (including for indirect, consequential or incidental damages) for any error, omission or inaccuracy in such information and for results obtained from its use.
Your financial advisor is responsible for reviewing your individual financial situation and needs to determine suitability of this or any investment program
Wilshire Advisors LLC is an investment adviser registered with the SEC. Wilshire® is a registered service mark. All other trade names, trademarks, and/or service marks are the property of their respective holders.
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This material is intended for informational purposes only and should not be construed as legal, accounting, tax, investment, or other professional advice; nor is it a recommendation or solicitation to purchase or sell any security or to adopt any specific investment strategy. This material represents the current opinion of Wilshire and is subject to change without notice. Information herein which has been obtained from third parties is based on sources believed to be reliable. Wilshire Funds Management does not represent that such information is accurate. Statistical data contained herein is as of the dates noted and such information should not be relied on or be the basis for an investment decision. Past performance is not indicative of future results. Investing involves risk including loss of principal.