# EDGAR Filing Document

**Accession Number:** 0001580353
**File Stem:** 0000940400-25-011524
**Filing Date:** 2025-11
**Character Count:** 16791
**Document Hash:** d42f504c5a40415ccfbb1fab2804fe1c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011524.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011524

**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:** 251534544

**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 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 |  |

## Nport-Ex

Global Atlantic Moderately Aggressive Managed Risk Portfolio

(formerly Global Atlantic Growth Managed Risk Portfolio)

Portfolio of Investments (Unaudited)

September 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Exchange Traded Funds - 95.9%** |  |  |
| **Debt Funds - 13.8%** |  |  |
| iShares 10+ Year Investment Grade Corporate Bond ETF | 35905 | $1850544 |
| iShares 10-20 Year Treasury Bond ETF | 56855 | 5855496 |
| iShares 1-3 Year Treasury Bond ETF | 34182 | 2835739 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | 49693 | 2635220 |
| iShares 20+ Year Treasury Bond ETF | 36938 | 3301149 |
| iShares 3-7 Year Treasury Bond ETF | 24672 | 2948551 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | 34280 | 1854205 |
| iShares 7-10 Year Treasury Bond ETF | 7850 | 757211 |
| iShares Core Total USD Bond Market ETF | 106806 | 4988908 |
| iShares Core U.S. Aggregate Bond ETF | 64022 | 6418205 |
| iShares MBS ETF | 18530 | 1763130 |
| **Total Debt Funds** |  | **35208358** |
| **Equity Funds - 82.1%** |  |  |
| iShares Core MSCI EAFE ETF | 175320 | 15307189 |
| iShares Core MSCI Emerging Markets ETF | 90360 | 5956531 |
| iShares Core S&P 500 ETF<sup>(a)</sup> | 126979 | 84987045 |
| iShares Core S&P Mid-Cap ETF | 236168 | 15412324 |
| iShares Core S&P Small-Cap ETF | 66497 | 7901838 |
| iShares MSCI EAFE Growth ETF | 10769 | 1226374 |
| iShares MSCI EAFE Value ETF | 102522 | 6954067 |
| iShares MSCI USA Momentum Factor ETF | 16051 | 4116279 |
| iShares MSCI USA Quality Factor ETF | 57700 | 11222650 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Equity Funds (continued)** |  |  |
| iShares S&P 100 ETF | 28300 | $9419372 |
| iShares S&P 500 Growth ETF | 98512 | 11892369 |
| iShares S&P 500 Value ETF | 49945 | 10314142 |
| iShares U.S. Equity Factor Rotation Active Capitalize ETF | 219812 | 13012870 |
| iShares U.S. Technology ETF | 58189 | 11396898 |
| **Total Equity Funds** |  | **209119948** |
| **Total Exchange Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $147,159,265)** |  | **244328306** |
| **Short-Term Investments - 4.2%** |  |  |
| **Money Market Funds - 4.2%** |  |  |
| Dreyfus Government Cash Management, 4.04%<sup>(b)</sup> | 8400148 | 8400148 |
| Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 4.04%<sup>(b)</sup> | 2397088 | 2397088 |
| **Total Short-Term Investments<br> (Cost - $10,797,236)** |  | **10797236** |
| **Total Investments - 100.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $157,956,501)** |  | **255125542** |
| **Other Assets Less Liabilities - Net (0.1)%** |  | **(273057)** |
| **Total Net Assets - 100.0%** |  | **$254852485** |

---

(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.

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

## 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 Moderately Aggressive Managed Risk Portfolio

- **b. EDGAR series identifier (if any):** S000045294

- **c. LEI of Series:** 54930077LYB8N1TFNK79

**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:** $255190256.07

**Total Liabilities:** $219347.73

**Net Assets:** $254970908.34

**Cash Not Reported:** $23417.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141029 | 1.11%                | 2.33%                | 2.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1130107.38              | $1579978.63                                |
| Month 2  | $2215890.05              | $3582137.00                                |
| Month 3  | $6000328.31              | $591681.89                                 |

**Designated Index Information**

- **Index Name:** N/A

- **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 20+ Year Treasury Bond ETF                    | iShares 20+ Year Treasury Bond ETF                    | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |     36938 | NS      | $3301149.06   | 1.29%             |  |  |  | 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        |    236168 | NS      | $15412323.68  | 6.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P 100 ETF                                   | iShares S&P 100 ETF                                   | CUSIP: 464287101<br>LEI: 549300G3FWQPUM47D181 | Long             | EC               | RF                | US        |     28300 | NS      | $9419372.00   | 3.69%             |  |  |  | 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        |     16051 | NS      | $4116278.95   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MBS ETF                                       | iShares MBS ETF                                       | CUSIP: 464288588<br>LEI: 549300M0TH0IE2E6RP07 | Long             | EC               | RF                | US        |     18530 | NS      | $1763129.50   | 0.69%             |  |  |  | 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        |     64022 | NS      | $6418205.50   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                         | Fidelity Government Portfolio                         | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   2397088 | NS      | $2397087.81   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                | iShares Core MSCI Emerging Markets ETF                | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |     90360 | NS      | $5956531.20   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI EAFE ETF                            | iShares Core MSCI EAFE ETF                            | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |    175320 | NS      | $15307189.20  | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI EAFE Growth ETF                          | iShares MSCI EAFE Growth ETF                          | CUSIP: 464288885<br>LEI: 549300TM3QJ7458P4314 | Long             | EC               | RF                | US        |     10769 | NS      | $1226373.72   | 0.48%             |  |  |  | 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        |      7850 | NS      | $757211.00    | 0.30%             |  |  |  | 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        |     34182 | NS      | $2835738.72   | 1.11%             |  |  |  | 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        |     49693 | NS      | $2635219.79   | 1.03%             |  |  |  | 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        |     98512 | NS      | $11892368.64  | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI EAFE Value ETF                           | iShares MSCI EAFE Value ETF                           | CUSIP: 464288877<br>LEI: 549300AN74D4XJZB8Y40 | Long             | EC               | RF                | US        |    102522 | NS      | $6954067.26   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Technology ETF                           | iShares U.S. Technology ETF                           | CUSIP: 464287721<br>LEI: 5493003RR427QZS78C77 | Long             | EC               | RF                | US        |     58189 | NS      | $11396897.54  | 4.47%             |  |  |  | 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        |     49945 | NS      | $10314141.95  | 4.05%             |  |  |  | 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        |     57700 | NS      | $11222650.00  | 4.40%             |  |  |  | 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        |    219812 | NS      | $13012870.40  | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management                    | Dreyfus Government Cash Management                    | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   8400148 | NS      | $8400148.14   | 3.29%             |  |  |  | No            |                  2 | 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        |     24672 | NS      | $2948550.72   | 1.16%             |  |  |  | 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        |     35905 | NS      | $1850543.70   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core Total USD Bond Market ETF                | iShares Core Total USD Bond Market ETF                | CUSIP: 46434V613<br>LEI: 549300IWM5U5LVTDP761 | Long             | EC               | RF                | US        |    106806 | NS      | $4988908.26   | 1.96%             |  |  |  | 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        |     34280 | NS      | $1854205.20   | 0.73%             |  |  |  | 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        |     56855 | NS      | $5855496.45   | 2.30%             |  |  |  | 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        |     66497 | NS      | $7901838.51   | 3.10%             |  |  |  | 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        |    126979 | NS      | $84987044.70  | 33.33%            |  |  |  | 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