0001026708
2019-06-25
2019-06-25
0001026708
wvit:S000001038Member
2019-06-25
2019-06-25
iso4217:USD
xbrli:pure
497
2018-12-31
WILSHIRE VARIABLE INSURANCE TRUST
0001026708
false
2019-06-25
2019-06-25
2019-04-30
<p style="margin-top: 0; margin-bottom: 0; text-align: right"><font style="font-size: 11pt">June 25, 2019</font></p>
<p style="margin-top: 0; margin-bottom: 0; text-align: center"><b> </b></p>
<p style="margin-top: 0; margin-bottom: 0; text-align: center"><b>IMPORTANT NOTICE TO SHAREHOLDERS </b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>WILSHIRE VARIABLE INSURANCE TRUST<br />
Wilshire Global Allocation Fund </b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Supplement to the Summary Prospectus and
Statutory Prospectus,<br />
each dated April 30, 2019</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">THIS SUPPLEMENT REPLACES AND SUPERCEDES ANY
CONTRARY INFORMATION CONTAINED IN THE SUMMARY PROSPECTUS AND PROSPECTUS OF THE WILSHIRE GLOBAL ALLOCATION FUND (THE "FUND").</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On May 20, 2019, the Board of Trustees (the
"Board") approved a change to the Fund's primary benchmark from the MSCI All Country World Index ex U.S. ("MSCI ACWI
ex-US") to the MSCI All Country World Index ex-US Investable Market Index (the "MSCI ACWI ex-US IMI"), and to the Fund's
blended benchmark index (the "Blended Index") such that the Blended Index would consist of 65% MSCI ACWI ex-US IMI and
35% Bloomberg Barclays Global Aggregate Index (Hedged), effective June 28, 2019. The Summary Prospectus and Prospectus of the Fund
are supplemented as detailed below.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Average Annual Total Returns presented under
the heading "Past Performance" of the Summary Prospectus and Prospectus of the Fund is amended to include the MSCI ACWI
ex-US IMI as set forth below.</p>
<p style="margin-top: 0; margin-bottom: 0"></p>
<p style="margin-top: 0; margin-bottom: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="vertical-align: bottom; width: 59%"><font style="font-family: Times New Roman, Times, Serif"><b>Average Annual Total Returns<br />
(periods ended December 31, 2018)</b></font></td>
<td style="width: 13%; text-align: center"> </td>
<td style="width: 1%"> </td>
<td style="width: 13%; text-align: center"> </td>
<td style="width: 1%"> </td>
<td style="width: 13%; text-align: center"> </td></tr>
<tr>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif"><b>1 year</b></font></td>
<td> </td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif"><b>5 years</b></font></td>
<td> </td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif"><b>10 years</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: Gainsboro">
<td><font style="font-family: Times New Roman, Times, Serif">Global Allocation Fund </font></td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">(7.30)%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">2.88%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">7.11%</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td><font style="font-family: Times New Roman, Times, Serif">MSCI All Country World Index ex-US Investable Market Index<sup>(1) </sup>(reflects no deduction for fees, expenses and taxes) </font></td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">(14.76)%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">0.85%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">6.97%</font></td></tr>
<tr style="vertical-align: bottom; background-color: Gainsboro">
<td><font style="font-family: Times New Roman, Times, Serif">MSCI All Country World Index<sup>(1) </sup>(net, reflects no deduction for fees, expenses or certain taxes) </font></td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">(9.42)%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">4.26%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">9.51%</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td><font style="font-family: Times New Roman, Times, Serif">Bloomberg Barclays Global Aggregate Bond Index (Hedged) (reflects no deduction for fees, expenses or taxes) </font></td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">1.76%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">3.44%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">3.77%</font></td></tr>
<tr style="vertical-align: bottom; background-color: Gainsboro">
<td><font style="font-family: Times New Roman, Times, Serif">Stock/Bond Composite<sup>(2) </sup>(reflects no deduction for fees, expenses or taxes) </font></td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">(9.10)%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">1.92%</font></td>
<td> </td>
<td style="text-align: center"><font style="font-family: Times New Roman, Times, Serif">6.17%</font></td></tr>
</table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">  </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">(1) </font></td>
<td><font style="font-family: Times New Roman, Times, Serif">This table compares the Funds average annual total returns for the period ended December 31, 2018 to those of the MSCI All Country World Index ex-US Investable Market Index and the MSCI All Country World Index ex US. Effective June 28, 2019, the Funds benchmark changed from the MSCI All Country World Index ex US to the MSCI All Country World Index ex-US Investable Market Index based upon the Advisers determination that the MSCI All Country World Index ex-US Investable Market Index more closely aligns with the investment strategy of the Fund. </font></td></tr>
</table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: justify"><font style="font-family: Times New Roman, Times, Serif">(2) </font></td>
<td><font style="font-family: Times New Roman, Times, Serif">The Stock/Bond Composite shown above consists of 65% MSCI All Country World Index ex-US Investable Market Index and 35% Bloomberg Barclays Global Aggregate Index (Hedged). </font></td></tr>
</table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">If you have any questions regarding the Fund,
please call (866) 591-1568.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><i>Investors Should Retain this Supplement
for Future Reference. </i></b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt"> </p>
N-1A