The Small Company Growth Fund strategically combines managers that invest in U.S.-based, small capitalization companies whose price-to-earnings ratios are above the market average. Wilshire has identified two small cap growth managers, each with a distinct investment style and combined them to create a highly diversified, risk controlled, growth-style portfolio. Wilshire monitors the overall fund, as well as each individual manager’s portfolio, confirming that both continue to be consistent with their specific style, risk and performance objectives. Through Wilshire’s portfolio construction process, manager allocations within the Fund are regularly reviewed and adjusted, ensuring that the Fund is well positioned to deliver competitive risk-adjusted performance.

 

  Manager
Allocation
  Ranger Investment Management
30.0%
  Los Angeles Capital Management
70.0%
Money managers and allocations listed are current as of 5/31/08. Wilshire has an exemptive order from the Securities and Exchange Commission giving it the right to engage or terminate a money manager at any time without a shareholder vote subject to the fund's Board approval.

 

  Investment Strategy
 
Focuses on the small company growth segment of the U.S. equity market.
  
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Invests substantially all of its assets in companies with smaller market capitalizations — between approximately $150 million and $2.3 billion as of the date of this prospectus.
  
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Invests in companies that historically have above average earnings or sales growth and retention of earnings, often such companies have above average price to earnings ratios.

  
 
 
 
Invests in small-cap companies that may still further develop. Small-cap companies may lack the management experience, financial resources, product diversity and competitive strengths of larger companies, and may be traded less frequently. Small-cap companies may also be subject to greater business risks and more sensitive to changes in economic conditions than larger more established companies. As a result, the prices of small-cap companies may rise and fall more
sharply.
  

 

Small company stocks may be subject to a higher degree of market risk than securities of more established companies because they tend to be more volatile and less liquid.

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