Strategy. The Portfolio invests substantially all of its assets in the common stock of companies with smaller market capitalizationsgenerally within the range of companies comprising the Russell 2000 Growth Index (as of December 31, 2024, this range was between approximately $8.22 million and $14.77 billion) at the time of purchase. The market capitalization range and composition of the companies in the Russell 2000 Growth Index are subject to change. The Portfolio 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. The Portfolio may invest in foreign securities, including emerging market securities. The Portfolio uses a multi-manager strategy where multiple subadvisers employ different … Show more… The Portfolio invests substantially all of its assets in the common stock of companies with smaller market capitalizationsgenerally within the range of companies comprising the Russell 2000 Growth Index (as of December 31, 2024, this range was between approximately $8.22 million and $14.77 billion) at the time of purchase. The market capitalization range and composition of the companies in the Russell 2000 Growth Index are subject to change. The Portfolio 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. The Portfolio may invest in foreign securities, including emerging market securities. The Portfolio uses a multi-manager strategy where multiple subadvisers employ different strategies with respect to separate portions of the Portfolio in order achieve the Portfolios investment objective. Wilshire typically allocates the Portfolios assets among the Portfolios subadvisers in accordance with its outlook for the economy and the financial markets. Each of Lord, Abbett & Co. LLC (Lord Abbett), Los Angeles Capital Management LLC (Los Angeles Capital), and Ranger Investment Management, L.P (Ranger) manage a portion of the Portfolio. Lord Abbett uses fundamental analysis to look for micro-cap companies that Lord Abbett believes have the potential for more rapid growth than the overall economy. Lord Abbett seeks to identify micro-cap companies that generally exhibit faster-than-average gains in earnings and that the portfolio management team expects to continue profit growth at a high level. Lord Abbett evaluates companies based on an analysis of their financial statements, products and operations, market sectors and interviews with management. Los Angeles Capital employs a quantitative investment process for security selection and risk management. Los Angeles Capital utilizes its proprietary Dynamic Alpha Stock Selection Model to build equity portfolios that adapt to market conditions. The model considers a range of valuation, earnings and management characteristics to identify current drivers of return. Rangers investment team searches for quality growth companies by implementing a bottom-up, fundamental research driven security selection process. In the research process, Ranger focuses on identifying small- and mid-capitalization U.S. equities characterized by accelerating revenue and earnings growth, high recurring revenues, strong balance sheets and free cash flow generation. In addition to extensive quantitative analysis, Ranger gives careful consideration to qualitative analysis and judgment of the management team, accounting practices, corporate governance, and the companys competitive advantage. Ranger utilizes proprietary systems to monitor portfolios, to better understand risks and identify companies that violate Rangers sell disciplines. Ranger seeks to identify problem stocks early and enhance performance by removing them before they become significant problems. The Portfolio may appeal to you if: you are a long-term investor; you seek growth of capital; you believe that the market will favor a particular investment style, such as small-cap growth stocks, over other investment styles in the long term and you want a more focused exposure to that investment style; or you own other funds or stocks which provide exposure to some but not all investment styles and would like a more complete exposure to the equity market. Show less