Fundamental Characteristics4 as of 3/31/2020
Fees & Minimums
4The 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 (3/31/2020). 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.
Wilshire Associates Incorporated, the Fund’s investment adviser, 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, 2021. This agreement does not include taxes, brokerage expenses, dividend expenses on short securities and extra ordinary expenses. 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
There are risks involved with investing, including the possible loss of principal. 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.
You should consider the Fund’s investment objectives, risks, charges, and expenses carefully before you invest. The Fund’s summary or full prospectus, which can be obtained above or by calling 1-866-591-1568, contains this and other information about the fund.
Read the prospectus carefully before you invest or send money.
Diversification does not ensure a profit or protect against loss.
The MSCI ACWI ex USA Investable Market Index captures large, mid and small cap representation across 22 of 23 Developed Markets countries (excluding the United States) and 23 Emerging Markets countries. The index covers approximately 99% of the global equity opportunity set outside the U.S. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees or other expenses. An individual cannot directly invest in any index.
Distributed by Compass 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 Compass Distributors, LLC, on FINRA’s BrokerCheck.
Copyright ©2020 by Wilshire Mutual Funds, Inc., 1299 Ocean Avenue, Suite 700, Santa Monica, California, 90401-1085, USA. All rights reserved.
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.