Venerable Variable Insurance Trust

07/23/2026 | Press release | Distributed by Public on 07/23/2026 09:55

Summary Prospectus by Investment Company (Form 497K)

VENERABLE VARIABLE INSURANCE TRUST

Venerable Strategic Bond Fund

SUPPLEMENT DATED JULY 23, 2026, TO THE SUMMARY PROSPECTUS DATED APRIL 29, 2026

This Supplement updates certain information contained in the Summary Prospectus dated April 29, 2026, of the Venerable Strategic Bond Fund (the "Fund"), a series of Venerable Variable Insurance Trust (the "Trust"). You should read this Supplement in conjunction with the Fund's Summary Prospectus and retain it for future reference. You may obtain these documents, free of charge, by writing to the Trust at 1475 Dunwoody Drive, Suite 200, West Chester, PA 19380, or you can view, download, and print the documents at the Trust's website at https://docs.venerable.com/#/venerable-variable-insurance-trust.

Effective September 6, 2026, the following changes are being made to the Fund's Summary Prospectus:

I. The table in the Summary Prospectus titled "Annual Fund Operating Expenses" is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

Class V Class I
Management Fees 0.45 % 0.45 %
Distribution and/or Service Fees (12b-1 Fees) 0.30 % 0.00 %
Other Expenses 0.14 % 0.14 %
Total Annual Operating Expenses 0.89 % 0.59 %
Less Waivers and Reimbursements1 (0.02 %) (0.02 %)
Total Annual Operating Expenses Less Waivers
and Reimbursements 		0.87 % 0.57 %

1 Until September 6, 2027, Venerable Investment Advisers, LLC (the "Adviser") has contractually agreed to waive all or a portion of fees (including management fee and administrative services fee, as applicable) and/or reimburse other operating expenses to the extent necessary to limit total annual operating expenses (excluding interest expenses, short sale expenses, taxes, brokerage commissions, and extraordinary expenses such as litigation expenses) to 0.87% for Class V shares and 0.57% for Class I shares. Termination or modification of these obligations prior to September 6, 2027, requires approval by the Fund's Board of Trustees (the "Board"). To the extent these obligations terminate or are modified, the Fund's total annual operating expenses may increase.

II. The table in the section of the Summary Prospectus titled "Example" is deleted in its entirety and replaced with the following:
1 Year 3 Years 5 Years 10 Years
Class V Shares $89 $282 $491 $1,094
Class I Shares $58 $187 $327 $736

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Venerable Variable Insurance Trust published this content on July 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 23, 2026 at 15:55 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]