The Wilshire Small Company Value Fund is a multi-manager fund that blends managers investing in U.S.-based, small capitalization companies whose price-to-earnings ratios are above market average. Wilshire has identified two small cap value managers, each with a distinct investment style, and combined them to create a highly diversified, risk controlled, value-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.

	Investment Strategy
		Focuses on the small company value segment of the U.S. equity market.
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		Invests substantially all its assets in companies with smaller market capitalizations - between approximately $165 million and $1.9 billion as of the date of the prospectus.
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		Invests generally in companies with relatively low price to book value ratios, low price to earnings ratios, and higher than average dividend yields (which means that their prices are low relative to the sizes of their dividends.

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