EX-99.28.E.2.B 5 fp0025225_ex9928e2b.htm

Distribution Services Addendum
For
Wilshire Variable Insurance Trust
Wilshire Mutual Funds, Inc.

This Distribution Services Addendum, dated October 1, 2016 is between Wilshire Variable Insurance Trust (the “Trust”), a Delaware statutory trust, Wilshire Mutual Funds, Inc. (the “Company”), a Maryland corporation (the Trust and the Company are referred to herein as a “Fund Company” and collectively as the “Fund Companies”), on behalf of the Funds listed on Schedule A to Distribution Agreement, dated October 1, 2016, and Ultimus Fund Distributors, LLC (“Ultimus”).

Distribution Services
 
1.
General Legal Consulting
 
Ultimus shall provide the following services for each Fund:

1.1.
negotiate and execute sub-distribution agreements with broker/dealers on behalf of Portfolios;

1.2.
coordinate and execute operational agreements (networking agreements, NSCC redemption agreements, etc.;

1.3.
coordinate and execute 401(k) agreements and shareholder service agreements with various record-holders and other financial intermediaries; and

1.4.
coordinate and execute service agreements with Supermarkets (e.g. Schwab, Fidelity, etc.) and other financial intermediaries.

2.
General Business Consulting
 
Ultimus shall provide the following services for each Fund:

2.1.
recommend opportunities for asset gathering or asset growth;

2.2.
identify best practices and suggest methods for improving internal efficiencies; and

2.3.
conduct general business planning.

3.
FINRA Review
 
Ultimus shall provide the following services for each fund:

3.1.
review and approve all collateral fund marketing materials to ensure compliance with SEC and FINRA advertising rules;

3.2.
conduct FINRA filing of materials;

3.3.
respond to FINRA comments on marketing materials; and
 
Ultimus Master Services Agreement - Fund Accounting Addendum
Wilshire Variable Insurance Trust and Wilshire Mutual Funds, Inc.
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3.4.
review and file Internet sites according to FINRA policies.

4.
Shareholder Servicing Support
 
Ultimus shall provide the following services for each fund:

4.1.
provide telephone access to a FINRA-licensed representative to respond to non-transaction related shareholder inquiries, specifically those regarding financial statements and performance information, as referred by the funds’ Transfer Agent;

4.2.
submit shareholder requests for literature to fulfillment services provider; and

4.3.
provide a group e-mail address for use in the funds’ Summary Prospectus and for the forwarding of non-transaction related e-mail shareholder inquiries from the funds’ Transfer Agent.

5.
Fulfillment Services
 
Ultimus shall provide the following services for each fund:

5.1.
coordinate reduced-rate pricing with preferred vendor;

5.2.
oversee fulfillment vendor and coordinate for best practices;

5.3.
assign inventory codes and conduct inventory management;

5.4.
review and coordinate vendor invoice approval with funds’ Advisor; and

5.5.
provide “best practices” advice for minimizing fulfillment costs.

5.6.
provide such periodic reports as agreed to by the parties;

The parties duly executed this Distribution Services Addendum as of September 2, 2016.

 
Wilshire Variable Insurance Trust
and Wilshire Mutual Funds, Inc.
On behalf of all Funds listed on Schedule A
to the Distribution Agreement
    
Ultimus Fund Distributors, LLC
  
           
By:
/s/ Jason Schwarz
  
By:
/s/ Mark J. Seger
  
Name:
Jason Schwarz
  
Name:
Mark J. Seger
  
Title:
President
  
Title:
Managing Director
  
 
Ultimus Master Services Agreement - Fund Accounting Addendum
Wilshire Variable Insurance Trust and Wilshire Mutual Funds, Inc.
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