Fund Evaluator:

Wilshire Income Opportunities Instl Overview

Wilshire Income Opportunities Instl (WIOPX) is an actively managed Taxable Bond Multisector Bond fund. Wilshire Mutual Funds launched the fund in 2016.

The investment seeks to maximize current income; long-term capital appreciation is a secondary objective. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its total assets in a portfolio of income producing securities of varying maturities across a variety of fixed income securities. Derivative investments that provide exposure to debt securities or have similar economic characteristics to the income securities in which the Portfolio invests may be used to satisfy the income fund’s 80% policy.

About Wilshire Income Opportunities Instl (WIOPX)

There are 13 members of the management team with an average tenure of 4.61 years: Jeffrey Sherman (2017), Kisoo Park (2018), Sean Banai (2018), Anuranjan Sharma (2026), David Bees (2026), Bradley Lutz (2022), Christopher Chapman (2018), Raj Jadav, CFA (2024), Vinay Viralam (2026), Kelly Lim (2026), Thomas Goggins (2018), Jeffrey Gundlach (2016), Christopher Smith (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 5 primary benchmarks: Bloomberg US Universal TR USD index with a weighting of 100%, S&P LSTA Leveraged Loan TR USD index with a weighting of 10%, Bloomberg US Corp HY 2% Isr Cap TR HUSD index with a weighting of 10%, Bloomberg EM USD Aggregate TR USD index with a weighting of 10% and Bloomberg US Universal TR USD index with a weighting of 70%. Wilshire Income Opportunities Instl has 1767 securities in its portfolio. The top 10 holdings constitute 85.7% 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 Income Opportunities Instl is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Wilshire Income Opportunities Instl has 21.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5%. There is 0.0% allocated to foreign stock, and 3.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 157.9% (136.0% domestic bond, 21.9% foreign bond and 0.8% convertible bond). Wilshire Income Opportunities Instl has -62.4% of the portfolio in cash.

Assets Under Management

The fund has $175 million in total assets, which is below the $1 billion average for the Multisector Bond 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.

WIOPX 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 Income Opportunities Instl expense ratio is high compared to funds in the Multisector Bond category. Wilshire Income Opportunities Instl has an expense ratio of 0.90%, which is 4% lower than its category average, making the fund expense ratio grade a C. 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 Income Opportunities Instl has a portfolio turnover rate of 67%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.

Recently, in the month of July 2026, Wilshire Income Opportunities Instl returned -0.6%, which earned it a grade of B, as the Multisector Bond category had an average return of -0.7%. 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 Income Opportunities Instl has a trailing yield of 4.81%, which is below the 5.31% category average. The fund normally distributes its income quarterly.

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 Income Opportunities Instl Grades

Year to date, the fund has returned -0.1%, 0.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.9% over the past year (grade of F), 5.0% over the past three years (grade of F) and 1.0% per year over the past five years (grade of F) and 2.4% per year over the past 10 years (grade of F).

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