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WILSHIRE MUTUAL FUNDS INC proxy voting record, 2025-2026

WILSHIRE MUTUAL FUNDS INC reported 42,761 proxy votes on Form N-PX for the 2026 season. On the 33,562 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 91.4% of the time. On the 278 environmental and social proposals put on the ballot by shareholders, it voted FOR 16.2% of the time.

2023-20242024-20252025-2026

On the board’s own proposals

91.4% FOR of 33,562 fund votes on board proposals in 2025-2026: directors, pay, auditor, capital.

FOR 30,683 AGAINST 1,940 Abstained or withheld 939

How we count these

On proposals shareholders put on the ballot

16.2% FOR of 278 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 277.

FOR 45 AGAINST 233 Abstained 1

See the 45 it backed →

How we count these

By proposal type

A single “voted with management” figure makes every manager look the same: director elections are most of the volume and nearly everyone votes FOR them. The record is therefore reported per category, using the category the filer itself put on each item in its N-PX.

WILSHIRE MUTUAL FUNDS INC, 2025-2026. “Decided” is FOR + AGAINST, the denominator of the two percentage columns; abstentions and withheld votes are shown separately and are never inside a percentage. Counted in ballot items — one fund’s vote on one proposal at one meeting — never in shares.
Proposal typePut on the ballot by ItemsDecided Voted FORVoted AGAINST Abstained / withheld
Director Elections Board (6 inferred) 23,039 21,758 95.2% 4.8% 903
Director Elections Shareholders (9 inferred) 9 9 22.2% 77.8% 0
Audit-related Board (1 inferred) 3,831 3,804 99.1% 0.9% 22
Audit-related Shareholders (3 inferred) 6 5 100.0% 0.0% 0
Say-on-Pay Board 3,529 3,287 86.0% 14.0% 1
Say-on-Pay Shareholders (2 inferred) 5 5 100.0% 0.0% 0
Corporate Governance Board 2,596 2,538 90.3% 9.7% 44
Corporate Governance Shareholders (6 inferred) 376 361 73.1% 26.9% 3
Capital Structure Board 2,083 2,060 91.7% 8.3% 6
Capital Structure Shareholders (1 inferred) 11 9 33.3% 66.7% 1
Compensation Board 1,694 1,671 85.7% 14.3% 6
Compensation Shareholders 29 27 29.6% 70.4% 0
Other Board 987 939 91.8% 8.2% 45
Other Shareholders 40 37 35.1% 64.9% 1
Other Social Issues Board 75 74 95.9% 4.1% 1
Other Social Issues Shareholders 173 160 22.5% 77.5% 1
Extraordinary Transactions Board 215 210 91.4% 8.6% 2
Extraordinary Transactions Shareholders 3 2 50.0% 50.0% 1
Shareholder Rights and Defenses Board 96 90 85.6% 14.4% 4
Shareholder Rights and Defenses Shareholders (3 inferred) 47 46 76.1% 23.9% 0
Environment or Climate Board 3 2 100.0% 0.0% 1
Environment or Climate Shareholders 120 116 6.9% 93.1% 0
Human Rights or Human Capital/workforce Shareholders 103 96 13.5% 86.5% 0
Diversity, Equity, and Inclusion Shareholders 16 15 33.3% 66.7% 0
Investment Company Matters Board 7 7 28.6% 71.4% 0

An item the filer put in two categories is counted in both rows, so the rows add up to more than the total. Who put an item on the ballot is decided item by item: the filer’s own answer on Form N-PX (Item 1(h)), or, where the filing does not give one, the proposal’s own wording (31 items, shown as inferred). The two figures above use only part of these rows: the board figure, board proposals on directors, pay, the auditor, capital, transactions and fund matters; the shareholder figure, environmental, social, workforce and diversity shareholder proposals at US-listed companies. How we count these

Every proposal where WILSHIRE MUTUAL FUNDS INC broke with the board (2,589 distinct proposals) →

What is being counted

The unit is a fund-level observation: one fund’s vote on one proposal at one meeting. It is not a share, not a filing line and not a proposal.
WILSHIRE MUTUAL FUNDS INC filed 42,761 vote records for 2025-2026; after removing votes filed twice in different N-PX filings, that is 38,405 ballot items (fund-level observations) across 3,064 issuer names and 6 funds. They cover 29,680 distinct proposals: one proposal voted by twenty of its funds is twenty ballot items here and one proposal. Proposals are counted per issuer name and meeting, and wordings of the same director nominee are counted once; two different wordings of any other proposal count twice, so this is an upper bound. A fund that reported several directions for the same item is a split vote, counted on its own (see the table below) and not collapsed into the larger direction. “Issuer names” is literal: filers spell the same company several ways and those are counted separately here, so this runs higher than the number of distinct companies.
Share counts are not used anywhere on this page.
Share figures in N-PX carry their own long list of corrections in this dataset, and a share-weighted rate would inherit every one of them. Every percentage here is a count of items.
Abstentions are reported, never hidden inside a percentage.
On the board’s own proposals an abstention or a withheld vote is not support, so it is in the denominator of the FOR figure and not in its numerator. On shareholder proposals an abstention is neither support nor opposition, so it is excluded from the denominator and shown on its own.
711 items are outside both headline figures.
Besides the table rows neither figure uses:
ExcludedItemsWhy
Not voted0 Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type218 Frequency ballots (one / two / three years) and anything else that is not a FOR, AGAINST, abstention or withhold.
Direction indeterminate0 The fund reported several directions for one ballot item with no shares attached to any of them, so which way it voted cannot be established.
Split vote493 The fund voted its shares in more than one direction on the item (for example some FOR and some AGAINST), the smaller part at least 5% of its shares. It is not collapsed into the larger part.

About this page

Every figure is derived from Form N-PX, the filing in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes). Figures are rebuilt weekly; this page was built on October 13, 2026. The interactive database shows the same votes company by company, including every individual fund.

WILSHIRE MUTUAL FUNDS INC proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).