0001398344-16-011439 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 30th, 2016 • Wilshire Mutual Funds Inc • California

This Investment Sub-Advisory Agreement (“Agreement”) is made as of the 16th day of July, 2015 (the “Effective Date”) by and between Wilshire Associates Incorporated, a California corporation (“Adviser”), and Cambiar Investors, LLC, a registered investment adviser (“Sub-Adviser”).

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INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 30th, 2016 • Wilshire Mutual Funds Inc • Delaware

This Investment Sub-Advisory Agreement (“Agreement”) is made as of the __ day of ______, 2016 (the “Effective Date”) by and between Wilshire Associates Incorporated, a California corporation (“Adviser”), and Guggenheim Partners Investment Management, LLC, a registered investment adviser (“Sub-Adviser”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 30th, 2016 • Wilshire Mutual Funds Inc • California

This Investment Sub-Advisory Agreement (“Agreement”) is made as of the ___ day of _____, 2016 (the “Effective Date”) by and between Wilshire Associates Incorporated, a California corporation (“Adviser”), and DoubleLine Capital LP, a registered investment adviser (“Sub-Adviser”).

INVESTMENT SUBADVISORY AGREEMENT Loomis Sayles & Company, L.P
Investment Subadvisory Agreement • March 30th, 2016 • Wilshire Mutual Funds Inc • California

This Investment Sub-Advisory Agreement (“Agreement”) is made as of the 24th day of August, 2015 (the “Effective Date”) by and between Wilshire Associates Incorporated, a California corporation (“Adviser”), and Loomis, Sayles & Company, a registered investment adviser (“Sub-Adviser”).

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 30th, 2016 • Wilshire Mutual Funds Inc

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of March 30, 2016 by and between Wilshire Associates Incorporated, a California corporation (the “Adviser”) and Wilshire Mutual Funds, Inc. (the “Company”), on behalf of the Wilshire Income Opportunities Fund (the “Fund”).

February 23, 2016
Wilshire Mutual Funds Inc • March 30th, 2016

Re: Investment Advisory Agreement between Wilshire Associates Incorporated (the “Advisor”) and Wilshire Mutual Funds, Inc. (the “Company”) dated April 1, 2002 (the “Agreement”)

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