# EDGAR Filing Document

**Accession Number:** 0001580353
**File Stem:** 0001104659-25-120262
**Filing Date:** 2025-12
**Character Count:** 6169
**Document Hash:** b9c92fbf3d5693ea0c730a907f90d0d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-120262.hdr.sgml**: 20251211

**ACCESSION NUMBER**: 0001104659-25-120262

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-189870
- **FILM NUMBER:** 251564565

**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 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 |  |

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

Global Atlantic Select Advisor Managed Risk Portfolio

(the "Portfolio")

(a series of Forethought Variable Insurance Trust)

Class II Shares

**Supplement dated December 11, 2025**

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

Effective immediately under the heading "FEES AND EXPENSES OF THE PORTFOLIO" of the Summary Prospectus, 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)* |  |
| Maximum Deferred Sales Charge (Load) *(as a percentage of redemption proceeds)* |  |
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions |  |
| Redemption Fee *(as a percentage of amount redeemed*) |  |
| **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> | <u>0.52%</u> |
| Total Annual Portfolio Operating Expenses | 1.79% |
| Fee Waiver and/or Reimbursement<sup>(2)</sup> | <u>(0.63)%</u> |
| Total Annual Portfolio Operating Expenses After Fee Waiver and/or Reimbursement | 1.16% |

---

(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.

(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:

---

| | | | |
|:---|:---|:---|:---|
| <u>1 Year</u> | <u>3 Years</u> | <u>5 Years</u> | <u>10 Years</u> |
| $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-1091_121125