FT Wilshire 5000 News Release March 2022

Santa Monica, Calif., April 1, 2022 – The FT Wilshire 5000 IndexSM, definitive benchmark for the U.S. stock market, gained 3.35 percent in March and fell -4.95 percent for the quarter, closing at 46,253.05, according to Wilshire, a diversified global financial services firm. Without dividends reinvested, the index rose an estimated market value of $1.4 trillion for March and fell $3.0 trillion for the year to date, or first quarter.

This quarter’s loss was the first quarterly loss since the first quarter of 2020.

“Despite strong performance during the month of March, US equities declined this quarter as inflationary pressure, rising interest rates, and heightened geopolitical risk weighed on investor sentiment,” said Jason Schwarz, President of Wilshire. “While corporate and household balance are healthy and the U.S. economic outlook in 2022 is relatively strong, investors are increasingly focused on the implications of tightening financial conditions on equity valuations and economic activity."

Mega cap outperformed mid cap for the month, gaining 3.70 percent versus 3.34 percent in March, but underperformed for the quarter falling -5.07 percent versus -4.22 percent for the year-to-date, respectively, represented by the FT Wilshire US Mega Cap IndexSM and FT Wilshire US Mid Cap IndexSM.

Small cap lagged both for the month, represented by the FT Wilshire US Small Cap IndexSM, gaining 1.41 percent for the month, and falling -5.06 percent for the quarter.

Sectors

Energy continued as the best sector for the third month in a row gaining 9.99 percent in March, cementing its position as the top sector for the quarter with 39.07 percent. Utilities was the second best sector for the month and quarter gaining 9.70 and 3.83 percent respectively.

Financials was the worst and only losing sector for the month, falling -0.68 percent. Communication Services was the second worst performing sector in March, with a gain of 0.88 percent, cementing its place as worst sector for the quarter, falling -11.69 percent. Consumer Discretionary was the second worst for the quarter, falling -9.60 percent.

Real Estate and Fixed Income

US public real estate, as represented by the Wilshire US Real Estate Securities IndexSM and Wilshire US Real Estate Investment Trust IndexSM, posted gains of 6.84 and 6.85 percent for the month, respectively, cutting the quarterly losses to -3.85 and -3.87 percent, respectively.

International public real estate, as represented by the Wilshire exUS Real Estate Securities IndexSM, trailed US public real estate for the month, with a gain of 2.07 percent for a quarterly return of -0.55 percent.

Bonds, as represented by the Wilshire Bond IndexSM, fell for the month shedding -2.21 percent in March and pulling the quarterly return down to –6.09 percent.

FT WILSHIRE INDEX RETURNS AT A GLANCE

WILSHIRE INDEX RETURNS AT A GLANCE

MARCH FT WILSHIRE BEST AND WORST PERFORMING SECTORS BY INDEX

About Wilshire

Wilshire is a global provider of market-leading indexes, advanced analytics, and multi-asset investment solutions. A trusted partner to a diverse range of more than 500 institutional investors and financial advisors and intermediaries, our clients rely on us to improve investment outcomes for a better future. Wilshire is headquartered in the United States with offices worldwide and advises on over $1.3 trillion in assets, $97 billion of which are assets under management.

More information on Wilshire can be found at www.wilshire.com.

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