# EDGAR Filing Document

**Accession Number:** 0001580353
**File Stem:** 0000940400-25-011548
**Filing Date:** 2025-11
**Character Count:** 16877
**Document Hash:** a1fb149d88d3ef8c9e17a1fff20e5df7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011548.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011548

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Forethought Variable Insurance Trust
- **CENTRAL INDEX KEY:** 0001580353

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1213

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22865
- **FILM NUMBER:** 251534568

**BUSINESS ADDRESS:**
- **STREET 1:** 10 WEST MARKET STREET
- **STREET 2:** SUITE 2300
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46204
- **BUSINESS PHONE:** 317-223-2700

**MAIL ADDRESS:**
- **STREET 1:** 10 WEST MARKET STREET
- **STREET 2:** SUITE 2300
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46204

## Series and Classes Contracts Data

### Global Atlantic Balanced Managed Risk Portfolio (Series ID: S000042091)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000130712 | Global Atlantic Balanced Managed Risk Portfolio Class II Shares |  |

## Nport-Ex

Global Atlantic Balanced Managed Risk Portfolio

Portfolio of Investments (Unaudited)

September 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Exchange Traded Funds - 95.6%** |  |  |
| **Debt Funds - 42.5%** |  |  |
| iShares 10+ Year Investment Grade Corporate Bond ETF | 29197 | $1504813 |
| iShares 10-20 Year Treasury Bond ETF | 36801 | 3790135 |
| iShares 1-3 Year Treasury Bond ETF | 25873 | 2146424 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | 35623 | 1889088 |
| iShares 20+ Year Treasury Bond ETF | 13898 | 1242064 |
| iShares 3-7 Year Treasury Bond ETF | 18971 | 2267224 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | 27182 | 1470275 |
| iShares 7-10 Year Treasury Bond ETF | 6296 | 607312 |
| iShares Core Total USD Bond Market ETF | 77128 | 3602649 |
| iShares Core U.S. Aggregate Bond ETF | 47421 | 4753955 |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 13244 | 1260696 |
| iShares MBS ETF | 39912 | 3797627 |
| **Total Debt Funds** |  | **28332262** |
| **Equity Funds - 53.1%** |  |  |
| iShares 0-5 Year TIPS Bond ETF, Class 5 | 15171 | 1568075 |
| iShares Core MSCI EAFE ETF | 27210 | 2375705 |
| iShares Core MSCI Emerging Markets ETF | 14467 | 953665 |
| iShares Core S&P 500 ETF | 21061 | 14096127 |
| iShares Core S&P Mid-Cap ETF | 37952 | 2476747 |
| iShares Core S&P Small-Cap ETF | 10635 | 1263757 |
| iShares MSCI EAFE Value ETF | 17913 | 1215039 |
| iShares MSCI USA Momentum Factor ETF | 2355 | 603940 |
| iShares MSCI USA Quality Factor ETF | 9748 | 1895986 |
| iShares S&P 100 ETF | 4588 | 1527070 |
| iShares S&P 500 Growth ETF | 15604 | 1883715 |
| iShares S&P 500 Value ETF | 6797 | 1403648 |
| iShares U.S. Equity Factor Rotation Active Capitalize ETF | 33526 | 1984739 |
| iShares U.S. Technology ETF | 10906 | 2136049 |
| **Total Equity Funds** |  | **35384262** |
| **Total Exchange Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $48,119,556)** |  | **63716524** |
| **Short-Term Investments - 4.5%** |  |  |
| **Money Market Funds - 4.5%** |  |  |
| Dreyfus Government Cash Management, 4.04%<sup>(a)</sup> | 2351118 | 2351118 |
| Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 4.04%<sup>(a)</sup> | 656747 | 656747 |
| **Total Short-Term Investments<br> (Cost - $3,007,865)** |  | **3007865** |

---

---

| | |
|:---|:---|
|  | **Fair Value** |
| **Total Investments - 100.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $51,127,421)** | **$66724389** |
| **Other Assets Less Liabilities - Net (0.1)%** | **(50633)** |
| **Total Net Assets - 100.0%** | **$66673756** |

---

(a) The
 rate shown is the annualized seven-day yield at period end.

TIPS - Treasury Inflation Protected Security

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Forethought Variable Insurance Trust

- **b. Investment Company Act file number:** 811-22865

- **c. CIK number of Registrant:** 0001580353

- **d. LEI of Registrant:** 5493006EQMR1BNKF6A36

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 10 West Market Street

  - **City:** Indianapolis

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46204

  - **Telephone number:** 877-355-1820

**Item A.2. Information about the Series.**

- **a. Name of Series:** Global Atlantic Balanced Managed Risk Portfolio

- **b. EDGAR series identifier (if any):** S000042091

- **c. LEI of Series:** 54930068B5DEEA3SJL47

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $66763092.14

**Total Liabilities:** $57677.49

**Net Assets:** $66705414.65

**Cash Not Reported:** $27605.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130712 | 0.56%                | 1.89%                | 2.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $73464.10                | $220454.03                                 |
| Month 2  | $333790.42               | $811535.62                                 |
| Month 3  | $1114729.68              | $198782.43                                 |

**Designated Index Information**

- **Index Name:** Global Atlantic Balanced Portfolio Managed Risk _Ex Derivatives BM

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                  | Title                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Core Total USD Bond Market ETF                | iShares Core Total USD Bond Market ETF                | CUSIP: 46434V613<br>LEI: 549300IWM5U5LVTDP761 | Long             | EC               | RF                | US        |     77128 | NS      | $3602648.88   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 3-7 Year Treasury Bond ETF                    | iShares 3-7 Year Treasury Bond ETF                    | CUSIP: 464288661<br>LEI: 549300BUGBHWMFPSNL42 | Long             | EC               | RF                | US        |     18971 | NS      | $2267224.21   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Treasury Bond ETF                    | iShares 20+ Year Treasury Bond ETF                    | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |     13898 | NS      | $1242064.26   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 1-5 Year Investment Grade Corporate Bond ETF  | iShares 1-5 Year Investment Grade Corporate Bond ETF  | CUSIP: 464288646<br>LEI: 549300T14S5IX7V5T008 | Long             | EC               | RF                | US        |     35623 | NS      | $1889087.69   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Technology ETF                           | iShares U.S. Technology ETF                           | CUSIP: 464287721<br>LEI: 5493003RR427QZS78C77 | Long             | EC               | RF                | US        |     10906 | NS      | $2136049.16   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 7-10 Year Treasury Bond ETF                   | iShares 7-10 Year Treasury Bond ETF                   | CUSIP: 464287440<br>LEI: 549300XS1PPZG92M8L16 | Long             | EC               | RF                | US        |      6296 | NS      | $607312.16    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MBS ETF                                       | iShares MBS ETF                                       | CUSIP: 464288588<br>LEI: 549300M0TH0IE2E6RP07 | Long             | EC               | RF                | US        |     39912 | NS      | $3797626.80   | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                | iShares Core MSCI Emerging Markets ETF                | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |     14467 | NS      | $953664.64    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 10+ Year Investment Grade Corporate Bond ETF  | iShares 10+ Year Investment Grade Corporate Bond ETF  | CUSIP: 464289511<br>LEI: 5493002XJCHL78PKW767 | Long             | EC               | RF                | US        |     29197 | NS      | $1504813.38   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 1-3 Year Treasury Bond ETF                    | iShares 1-3 Year Treasury Bond ETF                    | CUSIP: 464287457<br>LEI: 549300W0WX9TL4G6HM56 | Long             | EC               | RF                | US        |     25873 | NS      | $2146424.08   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI USA Momentum Factor ETF                  | iShares MSCI USA Momentum Factor ETF                  | CUSIP: 46432F396<br>LEI: 5493002ZOOZ0SN3YYI81 | Long             | EC               | RF                | US        |      2355 | NS      | $603939.75    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF                        | iShares Core S&P Small-Cap ETF                        | CUSIP: 464287804<br>LEI: 549300BZQ17QYN750B25 | Long             | EC               | RF                | US        |     10635 | NS      | $1263757.05   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | iShares 5-10 Year Investment Grade Corporate Bond ETF | CUSIP: 464288638<br>LEI: 549300ZJOCMXQZ0RKQ84 | Long             | EC               | RF                | US        |     27182 | NS      | $1470274.38   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P 100 ETF                                   | iShares S&P 100 ETF                                   | CUSIP: 464287101<br>LEI: 549300G3FWQPUM47D181 | Long             | EC               | RF                | US        |      4588 | NS      | $1527069.92   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 10-20 Year Treasury Bond ETF                  | iShares 10-20 Year Treasury Bond ETF                  | CUSIP: 464288653<br>LEI: 549300MH5J7BUV0VS287 | Long             | EC               | RF                | US        |     36801 | NS      | $3790134.99   | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P 500 Growth ETF                            | iShares S&P 500 Growth ETF                            | CUSIP: 464287309<br>LEI: 549300RYFG0B8O3DPR13 | Long             | EC               | RF                | US        |     15604 | NS      | $1883714.88   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Mid-Cap ETF                          | iShares Core S&P Mid-Cap ETF                          | CUSIP: 464287507<br>LEI: 549300ODQWH5PC0IUZ78 | Long             | EC               | RF                | US        |     37952 | NS      | $2476747.52   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI EAFE Value ETF                           | iShares MSCI EAFE Value ETF                           | CUSIP: 464288877<br>LEI: 549300AN74D4XJZB8Y40 | Long             | EC               | RF                | US        |     17913 | NS      | $1215038.79   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Equity Factor Rotation Active ETF        | iShares U.S. Equity Factor Rotation Active ETF        | CUSIP: 09290C103<br>LEI: 549300GSJ4RMBYLWSX89 | Long             | EC               | RF                | US        |     33526 | NS      | $1984739.20   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                         | Fidelity Government Portfolio                         | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    656747 | NS      | $656746.91    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI EAFE ETF                            | iShares Core MSCI EAFE ETF                            | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |     27210 | NS      | $2375705.10   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core U.S. Aggregate Bond ETF                  | iShares Core U.S. Aggregate Bond ETF                  | CUSIP: 464287226<br>LEI: 549300F7VSXTKBGHJE47 | Long             | EC               | RF                | US        |     47421 | NS      | $4753955.25   | 7.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management                    | Dreyfus Government Cash Management                    | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   2351118 | NS      | $2351117.62   | 3.52%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares J.P. Morgan USD Emerging Markets Bond ETF     | iShares J.P. Morgan USD Emerging Markets Bond ETF     | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |     13244 | NS      | $1260696.36   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year TIPS Bond ETF                        | iShares 0-5 Year TIPS Bond ETF                        | CUSIP: 46429B747<br>LEI: 549300GIWSEGOQLZR212 | Long             | EC               | RF                | US        |     15171 | NS      | $1568074.56   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI USA Quality Factor ETF                   | iShares MSCI USA Quality Factor ETF                   | CUSIP: 46432F339<br>LEI: 5493007KMK0CQLE2O168 | Long             | EC               | RF                | US        |      9748 | NS      | $1895986.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P 500 Value ETF                             | iShares S&P 500 Value ETF                             | CUSIP: 464287408<br>LEI: 549300CBC7RH6BCDVO32 | Long             | EC               | RF                | US        |      6797 | NS      | $1403648.47   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 ETF                              | iShares Core S&P 500 ETF                              | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |     21061 | NS      | $14096127.30  | 21.13%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Forethought Variable Insurance Trust

**Signature:** Cameron Jeffreys, CFA

**Name of Signer:** Cameron Jeffreys, CFA

**Title:** Senior Vice President