WLCVX: Wilshire Large Company Value Instl

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WLCVX Wilshire Large Company Value Instl

  • Fund
  • WLCVX
  • Price as of: Jan 16, 2020
  • $20.07
    + $0.17 + 0.85%

Profile

WLCVX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $192 M
  • Holdings in Top 10 19.6%

52 WEEK LOW AND HIGH

$20.07
$18.04
$20.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 65.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Wilshire Large Company Value Portfolio Fund Class Institutional
  • Fund Family Name
    Wilshire Mutual Funds
  • Inception Date
    Jul 15, 1996
  • Shares Outstanding
    9359300
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Pzena

Fund Description

The fund focuses on the large company value segment of the U.S. equity market. It invests substantially all of its assets in the common stock of companies with larger market capitalizations-within the market capitalization range and composition of the companies composing the Russell 1000® Value Index. The fund invests, generally, in companies with relatively low price to book value ratios, low price to earnings ratios and higher than average dividend yields.


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Categories

Performance

WLCVX - Performance

Return Ranking - Trailing

Period WLCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -0.5% 4.1% 61.19%
1 Yr 10.9% -26.2% 52.1% 74.61%
3 Yr -0.3%* -18.8% 17.3% 78.27%
5 Yr -0.5%* -12.4% 13.2% 79.62%
10 Yr 4.3%* -4.8% 17.6% 73.20%

* Annualized

Return Ranking - Calendar

Period WLCVX Return Category Return Low Category Return High Rank in Category (%)
2019 16.8% -32.1% 48.5% 67.32%
2018 -18.8% -62.4% 16.7% 66.30%
2017 3.7% -16.5% 22.0% 78.12%
2016 8.2% -27.9% 31.0% 72.69%
2015 -12.1% -43.1% 1.3% 71.99%

Total Return Ranking - Trailing

Period WLCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -0.5% 4.1% 61.19%
1 Yr 10.9% -26.2% 52.1% 74.29%
3 Yr -0.3%* -17.3% 17.3% 91.01%
5 Yr -0.5%* -11.9% 13.2% 94.55%
10 Yr 4.3%* -4.8% 17.6% 93.63%

* Annualized

Total Return Ranking - Calendar

Period WLCVX Return Category Return Low Category Return High Rank in Category (%)
2019 16.8% -32.1% 48.5% 67.41%
2018 -18.8% -37.1% 17.4% 82.50%
2017 3.7% -16.5% 25.7% 96.26%
2016 8.2% -27.9% 32.2% 90.75%
2015 -12.1% -28.9% 3.9% 90.54%

NAV & Total Return History


Holdings

WLCVX - Holdings

Concentration Analysis

WLCVX Category Low Category High WLCVX % Rank
Net Assets 192 M 1.13 M 91.1 B 75.92%
Number of Holdings 291 1 1192 6.80%
Net Assets in Top 10 37.6 M 84.4 K 22.5 B 78.28%
Weighting of Top 10 19.56% 6.7% 186.4% 92.63%

Top 10 Holdings

  1. General Electric Co 2.74%
  2. JPMorgan Chase & Co 2.47%
  3. Wells Fargo & Co 2.43%
  4. Oracle Corp 1.87%
  5. CVS Health Corp 1.86%
  6. Bank of America Corp 1.86%
  7. AT&T Inc 1.86%
  8. Citigroup Inc 1.60%
  9. Stanley Black & Decker Inc 1.53%
  10. Westinghouse Air Brake Technologies Corp 1.35%

Asset Allocation

Weighting Return Low Return High WLCVX % Rank
Stocks
98.85% 85.19% 135.68% 37.58%
Cash
1.15% -98.49% 14.81% 56.28%
Preferred Stocks
0.00% 0.00% 7.57% 28.23%
Other
0.00% -3.87% 28.16% 25.40%
Convertible Bonds
0.00% -0.01% 6.74% 24.93%
Bonds
0.00% -6.31% 67.93% 29.18%

Stock Sector Breakdown

Weighting Return Low Return High WLCVX % Rank
Financial Services
27.67% 0.00% 60.42% 19.31%
Healthcare
13.27% 0.00% 36.06% 55.09%
Industrials
10.68% 0.00% 38.78% 40.15%
Energy
10.11% 0.00% 20.07% 19.79%
Technology
8.18% 0.00% 29.82% 61.08%
Consumer Cyclical
7.12% 0.00% 34.09% 45.67%
Utilities
5.73% 0.00% 61.13% 39.77%
Communication Services
5.44% 0.00% 23.77% 62.89%
Consumer Defense
4.85% 0.00% 32.00% 85.44%
Real Estate
3.77% 0.00% 20.37% 44.05%
Basic Materials
3.17% 0.00% 25.97% 51.47%

Stock Geographic Breakdown

Weighting Return Low Return High WLCVX % Rank
US
93.42% 80.36% 133.82% 49.86%
Non US
5.43% 0.00% 16.89% 41.17%

Expenses

WLCVX - Expenses

Operational Fees

WLCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 27.58% 54.86%
Management Fee 0.75% 0.00% 1.50% 81.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

WLCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WLCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WLCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.00% 1011.00% 68.69%

Distributions

WLCVX - Distributions

Dividend Yield Analysis

WLCVX Category Low Category High WLCVX % Rank
Dividend Yield 0.00% 0.00% 7.70% 58.55%

Dividend Distribution Analysis

WLCVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

WLCVX Category Low Category High WLCVX % Rank
Net Income Ratio 1.70% -0.63% 4.13% 50.62%

Capital Gain Distribution Analysis

WLCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

WLCVX - Fund Manager Analysis

Managers

Richard Pzena


Start Date

Tenure

Tenure Rank

Dec 31, 2004

15.01

15.0%

Richard S. Pzena, Founder, Managing Principal, Co-Chief Investment Officer, Portfolio Manager, and member of the firm’s Executive Committee. Mr. Pzena is the architect of the firm’s investment strategy and conceived and developed our proprietary screening model. He serves as co-portfolio manager for the U.S. Large Cap and Mid Cap strategies, Focused Value, and U.S. Best Ideas. Mr. Pzena began the firm in 1995. Prior to forming Pzena Investment Management, Mr. Pzena was the Director of U.S. Equity Investments and Chief Research Officer for Sanford C. Bernstein & Company. He joined Bernstein as an oil industry analyst and was named to the Institutional Investor All America Research Team for three years running. Mr. Pzena also served as Chief Investment Officer, Small Cap Equities. Prior to joining Bernstein, Mr. Pzena worked for the Amoco Corporation in various financial and planning roles. He earned a B.S. summa cum laude and an M.B.A. from the Wharton School of the University of Pennsylvania.

Thomas Stevens


Start Date

Tenure

Tenure Rank

Apr 02, 2013

6.75

6.8%

Mr. Stevens, CFA, is Chairman and Principal, co-founded Los Angeles Capital in 2002. He is responsible for setting the firm’s strategic goals and is also an integral member of the firm’s Portfolio Management team. Prior to co-founding the firm, he was a senior managing director and principal at Wilshire Associates. He joined Wilshire in 1980. In 1986, he assumed responsibility for Wilshire Asset Managemen. Prior to joining Wilshire, he worked for the National Bank of Detroit as a portfolio manager and was primarily responsible for major pension fund client relationships.

Hal Reynolds


Start Date

Tenure

Tenure Rank

Apr 02, 2013

6.75

6.8%

Hal Reynolds is the Chief Investment Officer of LACM Global. As Chief Investment Officer and Chairman of Los Angeles Capital’s Investment Committee, Mr. Reynolds oversees the firm’s investment process. Since co-founding Los Angeles Capital in 2002, Mr. Reynolds has worked closely with the Research team to develop Investor Preference Theory®, the Dynamic Alpha Stock Selection Model®, and the Forward Attribution® process for developing forwarding looking expected factor returns. Working with the Research Directors, he develops the firm’s research goals and provides guidance on key projects to enhance the stock selection, portfolio construction, and trading processes. As a member of the Portfolio Review Committee, he works with senior members of the portfolio management team to establish key portfolio parameters for portfolio construction and rebalancing and developing procedures for monitoring and controlling portfolio risk. Prior to Los Angeles Capital, Mr. Reynolds was a managing director and principal at Wilshire Associates. Mr. Reynolds joined the consulting division of Wilshire Associates in 1989 where he served as a senior consultant to large ERISA plans. He also designed Wilshire Compass, Wilshire’s asset allocation and manager optimization technology for plan sponsors. In 1996, Mr. Reynolds began consulting for Wilshire Asset Management where he helped develop the Dynamic Alpha Model, which developed into Los Angeles Capital’s Dynamic Alpha Stock Selection Model®, and other quantitative long/short applications for Wilshire Asset Management. In 1998, he joined Wilshire Asset Management as Chief Investment Officer. Prior to joining Wilshire, Mr. Reynolds was a vice president at Mellon Bank where he was responsible for the design and management of Mellon’s portfolio analysis product for plan sponsors.

Daniel Allen


Start Date

Tenure

Tenure Rank

Apr 02, 2013

6.75

6.8%

As President and a member of the board of Los Angeles Capital, Mr. Allen is responsible for developing global equity applications for clients, assisting in setting the strategic direction of the firm and is a senior member of the Portfolio Management team. Mr. Allen is a member of Los Angeles Capital’s Investment Committee, and chairs the Management Committee. He also serves on the Board of Directors of Los Angeles Capital Global Funds plc and is a Director of LACM Global, Ltd.   Prior to joining Los Angeles Capital, Mr. Allen was a senior managing director and board member of Wilshire Associates. For more than twenty years, Mr. Allen held senior positions at Wilshire. Mr. Allen began in the Equity Management division and worked with several members of the Los Angeles Capital team. Mr. Allen assisted 100+ institutional money managers in applying risk models, performance attribution, and portfolio optimization techniques to their equity portfolios. Mr. Allen returned to Wilshire’s Consulting division to advise international investors and to head the firm’s international manager research. In 1998, Mr. Allen moved to Europe and spent the next decade leading Wilshire’s Private Markets group’s asset management activities in the region. In this capacity, he was responsible for sourcing and evaluating private equity opportunities while serving on the Global Investment Committee. Mr. Allen returned to Los Angeles in 2008 as a Management Committee member of the Private Markets group. Mr. Allen joined Los Angeles Capital in 2009.

Benjamin Silver


Start Date

Tenure

Tenure Rank

May 01, 2015

4.67

4.7%

Benjamin S. Silver, CFA, CPA, Principal and Portfolio Manager. Mr. Silver serves as co-portfolio manager for the U.S. Mid Cap, Large Cap, and Global strategies, along with the Focused Value and Small Cap Focused Value services. Prior to joining Pzena Investment Management in 2001, Mr. Silver was a research analyst at Levitas & Company and a manager for Ernst & Young LLP in their Financial Services Group. He earned a B.S. magna cum laude in Accounting from Sy Syms School of Business at Yeshiva University. Mr. Silver is a Certified Public Accountant and holds the CFA designation.

R. Ropp


Start Date

Tenure

Tenure Rank

Jun 14, 2016

3.55

3.6%

Mr. Ropp joined BHMS in October 2001 from Frost Securities, where he was a senior equity analyst and served as managing director of the Energy Group. Mr. Ropp graduated from the University of Louisiana at Lafayette with a BS in Mechanical Engineering. He received an MBA, as well as an MS in Civil and Environmental Engineering from Tulane University.

Brian Quinn


Start Date

Tenure

Tenure Rank

Jun 14, 2016

3.55

3.6%

Mr. Quinn joined BHMS in 2005 as an equity analyst. During his 17-year investment career, he served as an equity analyst for Clover Partners, LP and as a credit analyst for Frost Bank. Mr. Quinn received an MBA from Texas Christian University, where he served as a portfolio manager and equity research analyst for the William C. Conner Foundation Educational Investment Fund and was named a Neeley Scholar. He earned a BS, with a concentration in Finance from Fordham University, where he was a Varsity Football Letterman and three-time member of the Patriot League Academic Honor Roll. Mr. Quinn is a member of the CFA Society of Dallas-Fort Worth.

Ray Nixon


Start Date

Tenure

Tenure Rank

Jun 14, 2016

3.55

3.6%

Ray joined BHMS in 1994 from Smith Barney, Inc., where he was a member of the firm’s Investment Policy Committee and served as their lead institutional stockbroker for the Southwest. During his 38-year investment career, he also served as a research analyst for the Teacher Retirement System of Texas. Ray is a member of the Board of the Presbyterian Healthcare Foundation, the Board of the Salvation Army, and the Investment Committee of the Susan G. Komen Foundation. He holds a BA and an MBA from the University of Texas.

John Flynn


Start Date

Tenure

Tenure Rank

Jan 31, 2017

2.92

2.9%

John J. Flynn, Principal and Portfolio Manager. Mr. Flynn is a co-portfolio manager for the U.S. Mid Cap and Large Cap strategies, along with the Focused Value and Small Cap Focused Value services. Mr. Flynn became a member of the firm in 2005. Prior to joining Pzena Investment Management, Mr. Flynn was an associate at Weston Presidio, a middle-market private equity investment firm. He earned a B.A. in Music from Yale University and an M.B.A. with distinction from the Harvard Business School.

Brad Kinkelaar


Start Date

Tenure

Tenure Rank

Sep 30, 2018

1.25

1.3%

Mr. Kinkelaar joined BHMS in 2017. He previously served as an equity portfolio manager and head of dividend strategies at Pacific Investment Management Company (PIMCO). During his 23-year investment career, Mr. Kinkelaar served as a managing director and equity portfolio manager at Thornburg Investment Management and as an equity analyst at State Farm Insurance Companies. Mr. Kinkelaar earned a BS in Management and Marketing from Eastern Illinois University, where he graduated cum laude. He received an MBA in Finance from the Kellogg School of Management at Northwestern University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 84.18 6.97 4.3