Fund Evaluator:

Wilshire Small Company Growth Invmt Overview

Wilshire Small Company Growth Invmt (DTSGX) is an actively managed U.S. Equity Small Growth fund. Wilshire Mutual Funds launched the fund in 1992.

The investment seeks seek capital appreciation. The fund invests substantially all of its assets in the common stock of companies with smaller market capitalizations—generally within the range of companies comprising the Russell 2000® Growth Index. The fund invests in companies that historically have above average earnings or above average sales growth and retention of earnings, often such companies have above average price to earnings ratios.

About Wilshire Small Company Growth Invmt (DTSGX)

There are 12 members of the management team with an average tenure of 8.83 years: W. Doenges (2007), Daniel Allen (2011), Daniel Arche (2021), Matthew DeCicco (2025), Vernon Bice (2025), Joseph LaBate (2017), Andrew Hill (2017), Benjamin Ebel (2026), Brown McCullough (2023), Thomas Stevens (2002), F. O’Halloran (2025), Hal Reynolds (2011). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: FT Wilshire 5000 TR USD index with a weighting of 100% and Russell 2000 Growth TR USD index with a weighting of 100%. Wilshire Small Company Growth Invmt has 435 securities in its portfolio. The top 10 holdings constitute 12.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Wilshire Small Company Growth Invmt is part of the Equity global asset class and is within the U.S. Equity fund group. Wilshire Small Company Growth Invmt has 1.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.7%. There is 1.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Wilshire Small Company Growth Invmt has 1.8% of the portfolio in cash.

Assets Under Management

The fund has $5 million in total assets, which is below the $431 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

DTSGX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Wilshire Small Company Growth Invmt expense ratio is high compared to funds in the Small Growth category. Wilshire Small Company Growth Invmt has an expense ratio of 1.35%, which is 15% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Wilshire Small Company Growth Invmt has a portfolio turnover rate of 121%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.

Recently, in the month of July 2026, Wilshire Small Company Growth Invmt returned -7.2%, which earned it a grade of C, as the Small Growth category had an average return of -6.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Wilshire Small Company Growth Invmt has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Wilshire Small Company Growth Invmt Grades

Year to date, the fund has returned 16.0%, 2.4 percentage points better than the category, which translates into a grade of B. The fund has returned 26.2% over the past year (grade of C), 9.3% over the past three years (grade of D) and 1.3% per year over the past five years (grade of D) and 8.4% per year over the past 10 years (grade of F).

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