SANTA MONICA, Calif., Aug. 9, 2016 /PRNewswire/ -- The Wilshire Income Opportunities Fund (NASDAQ: WIOPX, the "Fund"), an innovative, multi-manager fixed income fund subadvised by DoubleLine Capital LP ("DoubleLine") and Guggenheim Partners Investment Management LLC ("Guggenheim") has surpassed $400 million in assets under management. The Fund, which launched on March 29, 2016, is the newest Fund in the series of Wilshire Mutual Funds, Inc., Wilshire's subadvised suite of mutual funds.
"We are excited to offer a unique fixed income fund designed to identify attractive investment opportunities in an increasingly dynamic environment for bonds," said Jason Schwarz, President of Wilshire Funds Management. "In combining two elite subadvisors like Guggenheim and DoubleLine into a single fund, Wilshire aims to offer investors differentiated, institutional caliber solutions that leverage some of the industry's best fixed income talent."
The Fund seeks to deliver current income and total return through a diversified, multi-sector portfolio of U.S. and international high yield and investment grade debt securities. The Fund's underlying subadvisors actively allocate to a broad spectrum of fixed income securities with varying maturities to manage risk, enhance yield, and offer total return potential. With the flexibility to invest in a variety of fixed income sectors – including, but not limited to, sovereign and corporate credits, emerging market debt, mortgage and asset-backed securities, floating rate securities, and non-U.S. denominated debt – as well as currencies and preferred stocks, the Fund's subadvisors are able to pursue a wide-range of opportunities to achieve current income and total return.
"Guggenheim is pleased to be selected by Wilshire's experienced institutional manager research team, and to bring our expertise in managing multi-asset, fixed income portfolios to the Wilshire Income Opportunities Fund," said Scott Minerd, Guggenheim Partners Global Chief Investment Officer and Chairman of Investments.
"We are pleased to be working with Wilshire Associates in an effort to provide innovative investment solutions, with the appropriate balance of risk and return," said Ronald Redell, Executive Vice President of DoubleLine.
The Fund is the seventh fund in Wilshire's suite of mutual funds, which are operated alongside four asset allocation funds in the Wilshire Variable Insurance Trust. The mutual fund suite is designed to give retail investors access to institutional caliber money managers by leveraging the proprietary investment and manager research capabilities of Wilshire Associates. The funds combine attractive and complementary strategies from third-party money managers into single, risk-managed portfolios for the individual investor.
About Wilshire Associates
Wilshire Associates, a leading global, independent investment consulting and services firm, provides consulting services, analytics solutions and customized investment products to plan sponsors, investment managers and financial intermediaries. Its business units include Wilshire Analytics, Wilshire Consulting, Wilshire Private Markets and Wilshire Funds Management. Based in Santa Monica, California, Wilshire provides services to clients in more than 20 countries representing more than 500 organizations with assets totaling approximately US $7 trillion.*
Wilshire Funds Management, the global investment management business unit of Wilshire Associates, offers multi-asset, multi-manager and alternative investment solutions, services and products to institutions, intermediaries and individual investors. Wilshire Funds Management currently advises on approximately $148 billion in assets as of June 30, 2016. For further information, please visit: advisor.wilshire.com.
Please visit www.wilshire.com for more information.
*Client assets are as represented by Pensions & Investments (P&I), detailed in P&I's "Largest Retirement Funds" and P&I's "Largest Money Managers (U.S. institutional tax-exempt assets)" as of 9/30/15 and 12/31/15, and published 2/8/16 and 5/30/16, respectively.
There are risks involved with investing, including the possible loss of principal. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. In addition to the normal risks associated with investing, international and emerging market investments may involve risk of capital loss and unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund's gains or losses.
You should consider the Fund's investment objectives, risks, charges, and expenses carefully before you invest. The Fund's prospectus, which can be obtained by calling 1-888-200-6796, contains this and other information about the fund.
Read the prospectus carefully before you invest or send money.
Distributed by SEI Investments Distribution Co., One Freedom Valley Drive, Oaks, PA 19456. Please send questions or comments to [email protected] or WILSHIRE MUTUAL FUNDS, INC. P.O. Box 219512 Kansas City, MO 64121-9512. Check the background of SEI Investments Distribution Co. on FINRA's BrokerCheck.
©2016 by Wilshire Mutual Funds, Inc., 1299 Ocean Avenue, Suite 700, Santa Monica, California, 90401-1085, USA. All rights reserved.
CONTACT: Catherine Wooters
SOURCE Wilshire Associates