0001026708
2019-08-09
2019-08-09
0001026708
wvit:S000001038Member
2019-08-09
2019-08-09
iso4217:USD
xbrli:pure
497
2018-12-31
WILSHIRE VARIABLE INSURANCE TRUST
0001026708
false
2019-08-09
2019-08-09
2019-04-30
<p style="text-align: right; margin: 0">August 9, 2019</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"> </p>
<p style="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">IMPORTANT NOTICE TO SHAREHOLDERS</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</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Wilshire Global Allocation Fund</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b> </b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Supplement to the Summary Prospectus and
Statutory Prospectus,</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>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-align: justify; text-indent: 0.5in">THIS SUPPLEMENT REPLACES
AND SUPERCEDES ANY CONTRARY INFORMATION CONTAINED IN THE SUMMARY PROSPECTUS, THE PROSPECTUS, AND ANY SUPPLEMENTS THERETO, OF THE
WILSHIRE GLOBAL ALLOCATION FUND (THE “FUND”).</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; 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
(“MSCI ACWI”) to the MSCI All Country World Index Investable Market Index (the “MSCI ACWI IMI”), and to
the Fund’s blended benchmark index (the “Blended Index”) such that the Blended Index would consist of 65% MSCI
ACWI 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: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; 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 IMI as set forth below.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="2" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 64%"><b>Average Annual Total Returns</b></td>
<td style="width: 12%"> </td>
<td style="width: 12%"> </td>
<td style="width: 12%"> </td></tr>
<tr style="vertical-align: bottom">
<td><b>(periods ended December 31, 2018)</b></td>
<td style="text-align: center; border-bottom: Black 1pt solid"><b>1 year</b></td>
<td style="text-align: center; border-bottom: Black 1pt solid"><b>5 years</b></td>
<td style="text-align: center; border-bottom: Black 1pt solid"><b>10 years</b></td></tr>
<tr style="vertical-align: bottom">
<td> </td>
<td style="text-align: center"> </td>
<td style="text-align: center"> </td>
<td style="text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td>Global Allocation Fund </td>
<td style="text-align: right">(7.30)%</td>
<td style="text-align: right">2.88%</td>
<td style="text-align: right">7.11%</td></tr>
<tr style="vertical-align: bottom">
<td>MSCI All Country World Index Investable Market Index<sup>(1)</sup></td>
<td style="text-align: center"> </td>
<td style="text-align: center"> </td>
<td style="text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td>(reflects no deduction for fees, expenses and taxes) </td>
<td style="text-align: right">(10.08)%</td>
<td style="text-align: right"> 4.17%</td>
<td style="text-align: right">9.74%</td></tr>
<tr style="vertical-align: bottom">
<td>MSCI All Country World Index<sup>(1)</sup></td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="vertical-align: bottom">
<td>(net, reflects no deduction for fees, expenses or certain taxes) </td>
<td style="text-align: right">(9.42)%</td>
<td style="text-align: right">4.26%</td>
<td style="text-align: right">9.46%</td></tr>
<tr style="vertical-align: bottom">
<td>Bloomberg Barclays Global Aggregate Bond Index (Hedged)</td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="vertical-align: bottom">
<td>(reflects no deduction for fees, expenses or taxes) </td>
<td style="text-align: right">1.76% </td>
<td style="text-align: right">3.44%</td>
<td style="text-align: right">3.77%</td></tr>
<tr style="vertical-align: bottom">
<td>Stock/Bond Composite<sup>(2)</sup></td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="vertical-align: bottom">
<td>(reflects no deduction for fees, expenses or taxes) </td>
<td style="text-align: right">(5.87)%</td>
<td style="text-align: right">4.07%</td>
<td style="text-align: right">7.90%</td></tr>
</table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%">
<tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"> </td>
<td style="width: 0.25in; text-align: left"><sup>(1)</sup></td>
<td style="text-align: justify">This table compares the Fund’s average annual total returns for the period ended December 31, 2018 to those of the MSCI All Country World Index Investable Market Index and the MSCI All Country World Index. Effective June 28, 2019, the Fund’s benchmark changed from the MSCI All Country World Index to the MSCI All Country World Index Investable Market Index based upon the Adviser’s determination that the MSCI All Country World Index Investable Market Index more closely aligns with the investment strategy of the Fund.</td></tr>
</table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup> </sup></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%">
<tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"> </td>
<td style="width: 0.25in; text-align: left"><sup>(2)</sup></td>
<td style="text-align: justify">The Stock/Bond Composite shown above consists of 65% MSCI All Country World Index Investable Market Index and 35% Bloomberg Barclays Global Aggregate Index (Hedged).</td></tr>
</table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </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>
N-1A