Wilshire International Equity Fund

Investment Market CapThe Wilshire International Equity Fund (the "Fund") invests in companies organized outside of the United States. The Fund intends to diversify its investments in operating companies among at least three different countries.

 

 

Performance1

Monthly as of 10/31/2019 1 Mo 3 Mo 6 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inc.2
Investment Class (WLCTX) 3.55% 3.05% 1.89% 15.88% 10.82% 8.10% 4.27% 6.63% 2.21%
Inst’l Class (WLTTX) 3.50% 3.00% 2.01% 16.00% 10.98% 8.37% 4.52% 6.88% 2.47%

 

Quarterly as of 9/30/2019 3Q 2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inc.2
Investment Class (WLCTX) -1.88% 11.91% -2.34% 5.93% 3.63% 6.02% 1.93%
Inst’l Class (WLTTX) -1.81% 12.08% -2.07% 6.20% 3.90% 6.26% 2.19%
MSCI ACWI ex U.S. Index -1.80% 11.56% -1.23% 6.33% 2.90% 4.46% 1.20%
MSCI ACWI ex USA IMI Index3 -1.72% 11.38% -1.84% 6.10% 3.05% 4.66% 1.42%
1Returns for periods less than one year are aggregate and returns for periods more than one year are annualized. The performance quoted reflects fee waivers in effect, and would have been lower in their absence. The performance data quoted represents past performance and is not indicative of 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.

2Investment class and institutional class inception date 11/15/2007.

3Effective June 28, 2019, the Benchmark has been changed from the MSCI ACWI ex USA Index to the MSCI ACWI ex USA Investable Market Index.

Fund Facts

Fundamental Characteristics4 as of 9/30/2019

  • Price to Earnings Ratio: 19.53
  • Price to Book Ratio: 1.57
  • Beta: 0.99
  • R-Squared: 0.90
  • Fund Assets: $366.194 Million
  • Number of Securities: 1110

Portfolio Management

  • Pzena Investment Management, LLC
  • Lazard Asset Management LLC
  • Los Angeles Capital Management and Equity Research, Inc.
  • WCM Investment Management
 

Fees & Minimums

Investment Class

  • Minimum Initial Investment: $2,500
  • Minimum Subsequent Investment: $100
  • 12b-1 Fee: 0.25%
  • Gross Expense Ratio: 1.59%
    Net Expense Ratio: 1.51%
  • Ticker: WLCTX
  • CUSIP: 971897822

Institutional Class

  • Minimum Initial Investment: $250,000
  • Minimum Subsequent Investment: $100,000
  • 12b-1 Fee: None
  • Gross Expense Ratio: 1.25%
    Net Expense Ratio: 1.25%
  • Ticker: WLTTX
  • CUSIP: 971897814
 

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 (9/30/2019). 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, 2020. 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.

 

Fund Literature» Request these files as printed copies

Fact Sheet

Holdings

Summary Prospectus

Prospectus

Statement of Additional Information

Information Statement

Capital Gains

Financial Reports

Form 8937/Section 6045B Reporting

  • Form 8937 Wilshire Mutual Funds Inc. – Wilshire International Equity Fund

 

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 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 Ultimus Fund Distributors, LLC. Please send questions or comments to wilfunds@wilshire.com 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.

Copyright ©2019 by Wilshire Mutual Funds, Inc., 1299 Ocean Avenue, Suite 700, Santa Monica, California, 90401-1085, USA. All rights reserved.

9098769 E0120