# EDGAR Filing Document

**Accession Number:** 0001580353
**File Stem:** 0001104659-25-120260
**Filing Date:** 2025-12
**Character Count:** 11589
**Document Hash:** b29425acaa633298c8cd66c0777641ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-120260.hdr.sgml**: 20251211

**ACCESSION NUMBER**: 0001104659-25-120260

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 22

**FILED AS OF DATE**: 20251211

**DATE AS OF CHANGE**: 20251211

**EFFECTIVENESS DATE**: 20251211

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-189870
- **FILM NUMBER:** 251564553

**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 American Funds Managed Risk Portfolio (Series ID: S000042088)

---

|  |  |
|:---|:---|
| Class Name                                                            | Class ID   |
| Global Atlantic American Funds Managed Risk Portfolio Class II Shares | C000130709 |

---

### Global Atlantic BlackRock Selects Managed Risk Portfolio (Series ID: S000042089)

---

|  |  |
|:---|:---|
| Class Name                                                               | Class ID   |
| Global Atlantic BlackRock Selects Managed Risk Portfolio Class II Shares | C000130710 |

---

### Global Atlantic Wellington Research Managed Risk Portfolio (Series ID: S000042090)

---

|  |  |
|:---|:---|
| Class Name                                                                 | Class ID   |
| Global Atlantic Wellington Research Managed Risk Portfolio Class II Shares | C000130711 |

---

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

---

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

---

### Global Atlantic Select Advisor Managed Risk Portfolio (Series ID: S000042092)

---

|  |  |
|:---|:---|
| Class Name                                                            | Class ID   |
| Global Atlantic Select Advisor Managed Risk Portfolio Class II Shares | C000130713 |

---

### Global Atlantic Franklin Tactical Allocation Managed Risk Portfolio (Series ID: S000045288)

---

|  |  |
|:---|:---|
| Class Name                                                                          | Class ID   |
| Global Atlantic Franklin Tactical Allocation Managed Risk Portfolio Class II Shares | C000141021 |

---

### Global Atlantic Moderate Managed Risk Portfolio (Series ID: S000045293)

---

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

---

### Global Atlantic Moderately Aggressive Managed Risk Portfolio (Series ID: S000045294)

---

|  |  |
|:---|:---|
| Class Name                                                                   | Class ID   |
| Global Atlantic Moderately Aggressive Managed Risk Portfolio Class II Shares | C000141029 |

---

## Series and Classes Contracts Data

### Global Atlantic American Funds Managed Risk Portfolio (Series ID: S000042088)

| Class ID   | Class Name                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000130709 | Global Atlantic American Funds Managed Risk Portfolio Class II Shares |  |

### Global Atlantic BlackRock Selects Managed Risk Portfolio (Series ID: S000042089)

| Class ID   | Class Name                                                               | Ticker Symbol   |
|:---|:---|:---|
| C000130710 | Global Atlantic BlackRock Selects Managed Risk Portfolio Class II Shares |  |

### Global Atlantic Wellington Research Managed Risk Portfolio (Series ID: S000042090)

| Class ID   | Class Name                                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000130711 | Global Atlantic Wellington Research Managed Risk Portfolio Class II Shares |  |

### 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 |  |

### Global Atlantic Select Advisor Managed Risk Portfolio (Series ID: S000042092)

| Class ID   | Class Name                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000130713 | Global Atlantic Select Advisor Managed Risk Portfolio Class II Shares |  |

### Global Atlantic Franklin Tactical Allocation Managed Risk Portfolio (Series ID: S000045288)

| Class ID   | Class Name                                                                          | Ticker Symbol   |
|:---|:---|:---|
| C000141021 | Global Atlantic Franklin Tactical Allocation Managed Risk Portfolio Class II Shares |  |

### 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 |  |

### Global Atlantic Moderately Aggressive Managed Risk Portfolio (Series ID: S000045294)

| Class ID   | Class Name                                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000141029 | Global Atlantic Moderately Aggressive Managed Risk Portfolio Class II Shares |  |

?xml version='1.0' encoding='ASCII'?

**<u>Global Atlantic Portfolios</u>**

Global Atlantic American Funds<sup>®</sup> Managed Risk Portfolio

Global Atlantic Balanced Managed Risk Portfolio

Global Atlantic BlackRock Selects Managed Risk Portfolio

Global Atlantic Franklin Tactical Allocation Managed Risk Portfolio (formerly Global Atlantic Franklin Dividend and Income Managed Risk Portfolio)

Global Atlantic Moderate Managed Risk Portfolio (formerly Global Atlantic Moderate Growth Managed Risk Portfolio)

Global Atlantic Moderately Aggressive Managed Risk Portfolio (formerly Global Atlantic Growth Managed Risk Portfolio)

Global Atlantic Select Advisor Managed Risk Portfolio

Global Atlantic Wellington Research Managed Risk Portfolio

(each a "Portfolio")

(each a series of Forethought Variable Insurance Trust)

Class II Shares

**Supplement dated December 11, 2025**

**to the Prospectus dated May 1, 2025**

Effective immediately under the heading "PORTFOLIO SUMMARY – FEES AND EXPENSES OF THE PORTFOLIO" of the Prospectus for the Global Atlantic Select Advisor Managed Risk Portfolio, the Shareholder Fees and Annual Portfolio Operating Expenses table and the footnotes attached thereto, as well as the expense examples, are deleted and replaced with the following:

---

| | |
|:---|:---|
| **Shareholder Fees** <br> *(fees paid directly from your investment)* | Class II Shares |
| Maximum Sales Charge (Load) Imposed on Purchases *(as a percentage of offering price)* | None |
| Maximum Deferred Sales Charge (Load) *(as a percentage of redemption proceeds)* | None |
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions | None |
| Redemption Fee *(as a percentage of amount redeemed*) | None |

---

---

| | |
|:---|:---|
| **Annual Portfolio Operating Expenses** <br> *(expenses that you pay each year as a percentage of the value of your investment)* | |
| Management Fees | 0.90% |
| Distribution and Service (12b-1) Fees | 0.25% |
| Other Expenses | 0.12% |
| Acquired Fund Fees and Expenses<sup>(1)</sup> | 0.52% |
| Total Annual Portfolio Operating Expenses | 1.79% |
| Fee Waiver and/or Reimbursement<sup>(2)</sup> | (0.63)% |
| Total Annual Portfolio Operating Expenses After Fee Waiver and/or Reimbursement | 1.16% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Acquired Fund Fees and Expenses are the indirect cost of investing in other investment companies, the costs of which will not be included in the Portfolio's financial statements. The operating expenses in this fee table will not correlate to the expense ratio in the Portfolio's financial highlights because the financial statements include only the direct operating expenses incurred by the Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Portfolio's investment adviser, Global Atlantic Investment Advisors, LLC (the "Adviser"), has contractually agreed to waive its fees and to reimburse expenses, at least until May 1, 2026, to ensure that total annual portfolio operating expenses after fee waiver and/or reimbursement (exclusive of any front-end or contingent deferred loads, brokerage fees and commissions, Acquired Fund Fees and Expenses, borrowing costs (such as interest and dividend expense on securities sold short), taxes and extraordinary expenses, such as litigation) will not exceed 0.64% of average daily net assets attributable to the Portfolio's shares. The expense reimbursement is subject to possible recoupment from the Portfolio in future years on a rolling three year basis (within the three years after the fees have been waived or reimbursed) if such recoupment, after giving effect to the recoupment amount, can be achieved within the lesser of the expense limits listed above and any expense limits applicable at the time of recoupment. Additionally, the Adviser has contractually agreed, until at least May 1, 2026, to waive 0.40% of its advisory fee. This waiver is not subject to recoupment by the Adviser. The agreements may be terminated only by the Portfolio's Board of Trustees, on 60 days' written notice to the Adviser.

***Example:*** This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. You would pay the same expenses if you did not redeem your shares. However, each variable annuity contract and separate account involves fees and expenses that are not included in the Example. If these fees and expenses were included in the Example, your overall expenses would be higher. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same (except that the Example reflects any applicable contractual fee waivers/expense reimbursement arrangements for only the first year). Although your actual costs may be higher or lower, based upon these assumptions your costs would be:

---

| | | | |
|:---|:---|:---|:---|
| 1 Year | 3 Years | 5 Years | 10 Years |
| $118 | $502 | $911 | $2053 |

---

*This Supplement and the Summary Prospectuses, Prospectus, and Statement of Additional Information provide information that you should know before investing in a Portfolio. These documents have been filed with the Securities and Exchange Commission and are incorporated herein by reference. These documents are available upon request and without charge by calling Shareholder Services at 1-877-355-1820.*

*Please retain this Supplement for future reference.*

FVIT-1090_121125