# EDGAR Filing Document

**Accession Number:** 0001580353
**File Stem:** 0000940400-26-020917
**Filing Date:** 2026-5
**Character Count:** 19654
**Document Hash:** ad20f965e91010d7c786cbc29d44f2ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020917.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000940400-26-020917

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**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:** 261018072

**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 Moderate Managed Risk Portfolio (Series ID: S000045293)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000141028 | Global Atlantic Moderate Managed Risk Portfolio Class II Shares |  |

## Nport-Ex

Global Atlantic Moderate Managed Risk Portfolio

(formerly Global Atlantic Moderate Growth Managed Risk Portfolio)

Portfolio of Investments (Unaudited)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Exchange Traded Funds - 94.8%** |  |  |
| **Debt Funds - 30.0%** |  |  |
| iShares 10+ Year Investment Grade Corporate Bond ETF | 21664 | $1075184 |
| iShares 10-20 Year Treasury Bond ETF | 35309 | 3556323 |
| iShares 1-3 Year Treasury Bond ETF | 21960 | 1813237 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | 26668 | 1401670 |
| iShares 20+ Year Treasury Bond ETF | 10699 | 927496 |
| iShares 3-7 Year Treasury Bond ETF | 15198 | 1802483 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | 26443 | 1407297 |
| iShares 7-10 Year Treasury Bond ETF | 5180 | 494379 |
| iShares Core Total USD Bond Market ETF | 79535 | 3673722 |
| iShares Core U.S. Aggregate Bond ETF | 38973 | 3868850 |
| iShares MBS ETF | 29115 | 2764469 |
| **Total Debt Funds** |  | **22785110** |
| **Equity Funds - 64.8%** |  |  |
| iShares Core MSCI EAFE ETF | 50225 | 4546869 |
| iShares Core MSCI Emerging Markets ETF | 21693 | 1513087 |
| iShares Core S&P 500 ETF<sup>(a)</sup> | 33023 | 21570954 |
| iShares Core S&P Mid-Cap ETF | 57401 | 3876289 |
| iShares Core S&P Small-Cap ETF | 15785 | 1962233 |
| iShares MSCI EAFE Growth ETF | 8474 | 943749 |
| iShares MSCI EAFE Value ETF | 19713 | 1465662 |
| iShares MSCI USA Momentum Factor ETF | 4964 | 1191310 |
| iShares MSCI USA Quality Factor ETF | 6644 | 1274386 |
| iShares S&P 500 Growth ETF | 23526 | 2661026 |
| iShares S&P 500 Value ETF | 14517 | 3065264 |
| iShares U.S. Equity Factor Rotation Active Capitalize ETF | 43565 | 2534612 |
| iShares U.S. Technology ETF | 14542 | 2638210 |
| **Total Equity Funds** |  | **49243651** |
| **Total Exchange Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $49,595,212)** |  | **72028761** |
| **Short-Term Investments - 4.8%** |  |  |
| **Money Market Funds - 4.8%** |  |  |
| Dreyfus Government Cash Management, Institutional Shares, 3.53%<sup>(b)</sup> | 2892286 | 2892286 |
| Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 3.53%<sup>(b)</sup> | 736620 | 736620 |
| **Total Short-Term Investments<br> (Cost - $3,628,906)** |  | **3628906** |

---

---

| | |
|:---|:---|
| **Total Investments - 99.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $53,224,118)** | **$75657667** |
| **Other Assets Less Liabilities - Net 0.4%** | **313787** |
| **Total Net Assets - 100.0%** | **$75971454** |

---

(a) The fair value
 of this holding exceeds 25% of the Fund's net assets. Additional information for this holding, including financial statements, is
 available from the SEC's EDGAR database at www.sec.gov.

Global Atlantic Moderate Managed Risk Portfolio

(formerly Global Atlantic Moderate Growth Managed Risk Portfolio)

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS** | | | | | |
|  | <br>**Counterparty** | <br>**Number of<br> Contracts** | <br>**Expiration Date** | <br>**Notional Value** | <br>**Fair<br> Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **SHORT FUTURES CONTRACTS** |  |  |  |  |  |
| E-mini Russell 2000 Index | Goldman Sachs & Co. | 4 | 6/18/2026 | $502440 | $(5177) |
| MSCI EAFE Future | Goldman Sachs & Co. | 13 | 6/19/2026 | 1885715 | (2975) |
| MSCI Emerging Market Index Future | Goldman Sachs & Co. | 5 | 6/19/2026 | 363650 | 5135 |
| NASDAQ 100 E-Mini Future | Goldman Sachs & Co. | 1 | 6/18/2026 | 478300 | 15435 |
| S&P 500 E-Mini Future | Goldman Sachs & Co. | 26 | 6/18/2026 | 8541975 | 90145 |
| S&P Mid 400 E-Mini Future | Goldman Sachs & Co. | 3 | 6/18/2026 | 1018950 | (12895) |
| TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS |  |  | $89668 |

---

## 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 Moderate Managed Risk Portfolio

- **b. EDGAR series identifier (if any):** S000045293

- **c. LEI of Series:** 549300MOYPEXCL15NJ44

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $76105104.55

**Total Liabilities:** $82662.48

**Net Assets:** $76022442.07

**Cash Not Reported:** $804794.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141028 | 1.61%                | 0.71%                | -4.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $164556.09               | $1128877.40                                |
| Month 2  | $51289.74                | $504430.22                                 |
| Month 3  | $534434.66               | $-4014444.26                               |

**Designated Index Information**

- **Index Name:** Global Atlantic Moderate Managed Risk Portfolio_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 Trust                            | iShares Trust 1 3 YR TREAS BD                                       | CUSIP: 464287457<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     21960 | NS      | $1813237.20   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                   | MSCI Emerging Markets Index Futures - ICUS, Jun26                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |        -5 | NC      | $5135.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.         | E-mini S&P MidCap 400 Index Futures, Jun-2026,ETH                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -3 | NC      | $-12895.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.         | E-mini Nasdaq-100 Futures, Jun-2026,ETH                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -1 | NC      | $15435.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust MSCI USA QUALITY FACTOR ETF                           | CUSIP: 46432F339<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      6644 | NS      | $1274385.64   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust 20 YR TR BD ETF                                       | CUSIP: 464287432<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     10699 | NS      | $927496.31    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust CORE US AGGBD ET                                      | CUSIP: 464287226<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     38973 | NS      | $3868849.71   | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares S&P 500 Growth ETF                                          | CUSIP: 464287309<br>LEI: 549300RYFG0B8O3DPR13 | Long             | EC               | RF                | US        |     23526 | NS      | $2661025.86   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust MBS ETF                                               | CUSIP: 464288588<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     29115 | NS      | $2764469.25   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares S&P 500 Value ETF                                           | CUSIP: 464287408<br>LEI: 549300CBC7RH6BCDVO32 | Long             | EC               | RF                | US        |     14517 | NS      | $3065264.55   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                   | MSCI EAFE Index Futures - ICUS, Jun26                               | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |       -13 | NC      | $-2975.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust EAFE GRWTH ETF                                        | CUSIP: 464288885<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      8474 | NS      | $943749.38    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management Funds | Dreyfus Government Cash Management Funds SH BEN INT                 | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   2892286 | NS      | $2892285.77   | 3.80%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                            | iShares Trust CORE UNIVERSAL USD BOND ETF                           | CUSIP: 46434V613<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     79535 | NS      | $3673721.65   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust 10+ YEAR INVESTMENT GRADE CORPORATE BOND ETF          | CUSIP: 464289511<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     21664 | NS      | $1075184.32   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust MSCI USA MOMENTUM FACTOR ETF                          | CUSIP: 46432F396<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4964 | NS      | $1191310.36   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.         | E-mini S&P 500 Futures, Jun-2026,ETH                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -26 | NC      | $90145.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust CORE S&P500 ETF                                       | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     33022 | NS      | $21570300.62  | 28.37%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust 10-20 YR TRS ETF                                      | CUSIP: 464288653<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     35309 | NS      | $3556322.48   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust 7-10 YEAR TREASURY BOND ETF                           | CUSIP: 464287440<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5180 | NS      | $494379.20    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Core S&P Mid-Cap ETF                                        | CUSIP: 464287507<br>LEI: 549300ODQWH5PC0IUZ78 | Long             | EC               | RF                | US        |     57401 | NS      | $3876289.53   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.         | E-mini Russell 2000 Index Futures, Jun-2026,ETH                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -4 | NC      | $-5177.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Core S&P Small-Cap ETF                                      | CUSIP: 464287804<br>LEI: 549300BZQ17QYN750B25 | Long             | EC               | RF                | US        |     15785 | NS      | $1962233.35   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust U.S. TECH ETF                                         | CUSIP: 464287721<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     14542 | NS      | $2638209.64   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust         | Fidelity Colchester Street Trust MNY MRKT FDS I                     | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    736620 | NS      | $736620.17    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                            | iShares Trust EAFE VALUE ETF                                        | CUSIP: 464288877<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     19713 | NS      | $1465661.55   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF  | CUSIP: 464288646<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     26668 | NS      | $1401670.08   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF | CUSIP: 464288638<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     26443 | NS      | $1407296.46   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock ETF Trust                      | BlackRock ETF Trust ISHARES U.S. EQUITY FACTOR ROTATION ACTIVE ETF  | CUSIP: 09290C103<br>LEI: 5493007WBHAKV9JVS642 | Long             | EC               | RF                | US        |     43565 | NS      | $2534611.70   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust 3 7 YR TREAS BD                                       | CUSIP: 464288661<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     15198 | NS      | $1802482.80   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                            | iShares Trust CORE MSCI EAFE                                        | CUSIP: 46432F842<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     50225 | NS      | $4546869.25   | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                              | Ishares Inc CORE MSCI EMKT                                          | CUSIP: 46434G103<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     21693 | NS      | $1513086.75   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

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

**Signature:** Cameron Jeffreys, CFA

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

**Title:** Senior Vice President