0001145549-22-070675.txt : 20221128 0001145549-22-070675.hdr.sgml : 20221128 20221128122637 ACCESSION NUMBER: 0001145549-22-070675 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220930 FILED AS OF DATE: 20221128 DATE AS OF CHANGE: 20221128 PERIOD START: 20221231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILSHIRE VARIABLE INSURANCE TRUST CENTRAL INDEX KEY: 0001026708 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07917 FILM NUMBER: 221422972 BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 6106763419 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FORMER COMPANY: FORMER CONFORMED NAME: HORACE MANN MUTUAL FUNDS DATE OF NAME CHANGE: 19961108 0001026708 S000001038 Wilshire Global Allocation Fund C000002798 Wilshire Global Allocation Fund NPORT-P 1 primary_doc.xml NPORT-P false 0001026708 XXXXXXXX S000001038 C000002798 Wilshire Variable Insurance Trust 811-07917 0001026708 549300J6DGJY7A7OPM39 1299 Ocean Avenue Suite 700 Santa Monica 90401-1085 310-451-3051 Wilshire Global Allocation Fund S000001038 549300VJM18ZTV67DV77 2022-12-31 2022-09-30 N 412642197.910000000000 411926.140000000000 412230271.770000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 491291.320000000000 N Fidelity Emerging Markets Inde 9VI7T88ORCJIKH9IIM98 Fidelity Emerging Markets Index Fund 316146331 1034820.330000000000 NS USD 9106418.900000000000 2.2090611786 Long EC RF US N 1 N N N BGP HOLDING ORDS SHS N/A BGP HOLDING ORDS SHS N/A 3758.000000000000 NS .000000000000 0.0000000000 Long EC RF AU N 3 N N N Vanguard Long-Term Bond Index YR27VTYY4DXT8BLRVZ12 Vanguard Long-Term Bond Index Fund 921937652 1161591.935000000000 NS USD 12638120.250000000000 3.0657914072 Long EC RF US N 1 N N N Vanguard Total International B 549300BXRBFWS9SORH32 Vanguard Total International Bond Index Fund 92203J209 1542675.865000000000 NS USD 44166810.010000000000 10.7141112710 Long EC RF US N 1 N N N Wilshire Large Company Growth 5493008FBDJM8LYZ8S38 Wilshire Large Company Growth Portfolio 971897509 1986144.211000000000 NS USD 68919204.120000000000 16.7186179278 Long EC RF US N 1 N N N Wilshire Mutual Funds Inc - La 549300R5VB4N123U8M16 Wilshire Mutual Funds Inc - Large Company Value Portfolio 971897608 4420436.852000000000 NS USD 77092418.700000000000 18.7012997296 Long EC RF US N 1 N N N Wilshire Mutual Funds Inc - Sm 549300NUJF1F83U7EL24 Wilshire Mutual Funds Inc - Small Company Growth Portfolio 971897707 319288.915000000000 NS USD 6309148.960000000000 1.5304914248 Long EC RF US N 1 N N N Wilshire Income Opportunities 549300UBZCC7LD138K71 Wilshire Income Opportunities Fund 971897764 10901595.028000000000 NS USD 92881589.640000000000 22.5314820382 Long EC RF US N 1 N N N Wilshire Mutual Funds Inc - Sm 549300JKYPHEBZ3HT292 Wilshire Mutual Funds Inc - Small Company Value Portfolio 971897806 303477.878000000000 NS USD 7077104.110000000000 1.7167841846 Long EC RF US N 1 N N N Wilshire International Equity 5493002FNXJ6S87GDQ54 Wilshire International Equity Fund 971897814 11613641.349000000000 NS USD 93025267.210000000000 22.5663357547 Long EC RF US N 1 N N N 2022-11-28 Wilshire Variable Insurance Trust /s/Bendukai Bouey Wilshire Variable Insurance Trust Chief Compliance Officer XXXX NPORT-EX 2 gaf.htm WILSHIRE GLOBAL ALLOCATION FUND PART F 9-30-22

WILSHIRE MUTUAL FUNDS, INC.
            
WILSHIRE GLOBAL ALLOCATION FUND
  
September 30, 2022 (Unaudited)
  
SCHEDULE OF INVESTMENTS
            
             
   
Shares
    
Value
  
AFFILIATED REGISTERED INVESTMENT COMPANIES - 83.9%
            
Wilshire Income Opportunities Fund - Institutional Class
    
10,885,517
    
$
92,744,605
  
Wilshire International Equity Fund - Institutional Class
    
11,613,641
      
93,025,267
  
Wilshire Large Company Growth Portfolio - Institutional Class
    
1,986,144
      
68,919,204
  
Wilshire Large Company Value Portfolio - Institutional Class
    
4,420,437
      
77,092,419
  
Wilshire Small Company Growth Portfolio - Institutional Class
    
319,289
      
6,309,149
  
Wilshire Small Company Value Portfolio - Institutional Class
    
303,478
      
7,077,104
  
Total Affiliated Registered Investment Companies (Cost $419.123,833)
            
345,167,748
  
                   
OTHER OPEN-END FUNDS - 16.0%
                
Fidelity Emerging Markets Index Fund - Institutional Premium Class
    
1,034,820
      
9,106,419
  
Vanguard Long-Term Bond Index Fund - Admiral Shares
    
1,165,443
      
12,680,020
  
Vanguard Total International Bond Index Fund - Institutional Shares
    
1,544,276
      
44,212,627
  
Total Other Open-End Fund (Cost $79,922,566)
            
65,999,066
  
                   
COMMON STOCK - 0.0% (a)
                
BGP Holdings Ltd. (b)(c)(d)
    
3,758
      
–
  
Total Common Stock (Cost $-)
            
–
  
                   
Total Investments at Value - 99.9% (Cost $499,046,399)
            
411,166,814
  
Other Assets in Excess of Liabilities - 0.1%
            
494,690
  
Net Assets - 100.0%
          
$
411,661,504
  
                   
Percentages are stated as a percent of net assets.
                
                   
(a)
Percentage rounds to less than 0.1%.
                
(b)
Non-income producing security.
                
(c)
Illiquid security. The total value of such securities is $0 as of September 30, 2022, representing 0.0% of net assets.
  
(d)
Level 3 security. Security has been valued at fair value in accordance with procedures adopted by and under the general supervision of the Board of Trustees. The total value of such securities is $0 as of September 30, 2022, representing 0.0% of net assets.
  
                   
The Accompanying Footnotes are an Integral Part of this Schedule of Investments.
  

 

WILSHIRE GLOBAL ALLOCATION FUND
 
 
 
 
 
 
 
 
NOTES TO SCHEDULE OF INVESTMENTS
 
 
 
 
 
 
 
 
September 30, 2022 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1. Securities Valuation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
A security listed or traded on a domestic exchange is valued at its last sales price on the exchange where it is principally traded. In the absence of a current quotation, the security is valued at the mean between the last bid and asked prices on the exchange. Securities traded on National Association of Securities Dealers Automatic Quotation (“NASDAQ”) System are valued at the NASDAQ official closing price. If there is no NASDAQ official closing price available, the most recent bid quotation is used. Securities traded over-the-counter (other than on NASDAQ) are valued at the last current sale price, and if there are no such sales, the most recent bid quotation is used. Investments representing shares of other open-end investment companies, are valued at their net asset value (“NAV”) as reported by such companies. Values of debt securities are generally reported at the last sales price if the security is actively traded. If a debt security is not actively traded, it is typically valued by an independent pricing agent which employs methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. The independent pricing agent often utilizes proprietary models that are subjective and require the use of judgment and the application of various assumptions including, but not limited to, interest rates, repayment speeds, and default rate assumptions. Debt securities that have a remaining maturity of 60 days or less are valued at prices supplied by the Fund’s pricing agent for such securities, if available, and otherwise are valued at amortized cost if the Adviser’s Pricing Committee concludes it approximates fair value. When market quotations are not readily available, securities are valued according to procedures adopted by the Board of Trustees (the “Board”) or are valued at fair value as determined in good faith by the Adviser’s Pricing Committee, whose members include at least two representatives of the Adviser, one of whom is an officer of the Trust, or the Trust’s Valuation Committee which is composed of Trustees of the Trust. Securities whose market value using the procedures outlined above do not reflect fair value because a significant valuation event has occurred may be valued at fair value by the Adviser’s Pricing Committee or the Valuation Committee in accordance with the Trust’s valuation procedures. The value of fair valued securities may be different from the last sale price (or the mean between the last bid and asked prices), and there is no guarantee that a fair valued security will be sold at the price at which the Fund is carrying the security. Investments in open-end registered investment companies are valued at the end of day NAV per share as reported by the underlying funds.
 
 
 
 
 
 
 
 
 
In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. GAAP, the Fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The guidance establishes three levels of the fair value hierarchy as follows:
● Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date;
● Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.); and
● Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).
 
 
 
 
 
 
 
 
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. During the period ended September 30, 2022, there have been no significant changes to the Fund’s fair value methodologies.
 
 
 
 
 
 
 
 
 
The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2022:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Wilshire Global Allocation Fund
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Affiliated Registered Investment Companies . . . . . . . . . . . .
  
$
345,167,748
    
$
-
    
$
-
    
$
345,167,748
  
Other Open-End Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    
65,999,066
      
-
      
-
      
65,999,066
  
Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    
-
      
-
      
-
*
    
-
  
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  
$
411,166,814
    
$
-
    
$
-
    
$
411,166,814
  
 
                                
* Includes securities that have been fair valued at $0.
                                
 
                                
The Fund held a common stock that was measured at fair value on a recurring basis using significant unobservable inputs (Level 3) totaling $0. A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments, is only presented when the Fund has over 1% of its net assets in Level 3 investments.
  

 
2. Affiliated Investments
                                  
Information regarding the Fund’s investments in the Affiliated Funds during the period ended September 30, 2022 is provided in the table below:
            

Fund
  
Value as of
December 31,
2021
    
Cost of
Purchases
    
Proceeds
From Sales
    
Realized Gain
(Loss)
    
Change in
Unrealized
Depreciation
    
Value as of
September 30, 2022
    
Income
Distribution
    
Capital Gain Distributions
  
                                                 
Wilshire Income Opportunities Fund -
                                      
Institutional Class . . . . . . . . . . . .
  
$
124,066,017
    
$
1,488,153
    
$
(15,622,253
)
  
$
(1,773,796
)
  
$
(15,413,516
)
  
$
92,744,605
    
$
2,234,852
    
$
-
  
Wilshire International Equity Fund -
                                                          
Institutional Class . . . . . . . . . . . .
    
140,504,827
      
4,473,151
      
(9,987,889
)
    
488,010
      
(42,452,832
)
    
93,025,267
      
-
      
-
  
Wilshire Large Company Growth Portfolio -
                                                  
Institutional Class . . . . . . . . . . . .
    
96,793,559
      
7,372,806
      
(3,254,215
)
    
303,830
      
(32,296,776
)
    
68,919,204
      
-
      
-
  
Wilshire Large Company Value Portfolio -
                                                  
Institutional Class . . . . . . . . . . . .
    
105,741,844
      
3,000,000
      
(10,111,379
)
    
363,112
      
(21,901,158
)
    
77,092,419
      
-
      
-
  
Wilshire Small Company Growth Portfolio -
                                                  
Institutional Class . . . . . . . . . . . .
    
9,303,498
      
-
      
(4,220
)
    
(1,870
)
    
(2,988,259
)
    
6,309,149
      
-
      
-
  
Wilshire Small Company Value Portfolio -
                                                  
Institutional Class . . . . . . . . . . . .
    
10,306,453
      
-
      
(1,495,873
)
    
254,047
      
(1,987,523
)
    
7,077,104
      
-
      
-
  
   
$
486,716,198
    
$
16,334,110
    
$
(40,475,829
)
  
$
(366,667
)
  
$
(117,040,064
)
  
$
345,167,748
    
$
2,234,852
    
$
-