The Wilshire 5000 Index Fund is passively managed by Los Angeles Capital Management and is designed to track the Wilshire 5000 Index^SM. The Index measures the performance of all U.S. equity securities with readily available price data. Although there are approximately 5000 stocks in the Index, the Wilshire 5000 Index Fund typically invests in 2000-2500 stocks in order to adequately track the performance of the Index.

	Investment Strategy
		Invests primarily in the common stock of companies included in the Index that are representative of the Index.
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		Uses enhanced "stratified sampling" techniques in an attempt to replicate the return of the Index.
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		Normally holds stocks representing at least 90% of the total market value of the Index.

The Wilshire 5000 Index is an unmanaged index which includes all publicly traded stocks headquartered in the U.S. and holds aproximately 5000 stocks. Although it is possible to invest in stocks which make up the index, it is not possible to invest directly in the index itself.

For more complete information on the Wilshire Mutual Funds, including fees and expenses, please call 888-200-6796 for a prospectus. Please read it carefully before you invest or send money.

Distributed by SEI Investments Distribution Co., Oaks, PA. Please send questions or comments to wilfunds@wilshire.com or WILSHIRE MUTUAL FUNDS, INC. P.O. Box 219512 Kansas City, MO 64121-9512