# EDGAR Filing Document

**Accession Number:** 0001580353
**File Stem:** 0000940400-25-011534
**Filing Date:** 2025-11
**Character Count:** 16642
**Document Hash:** 41aae5dcd09131a67e8cf304a7be2251
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011534.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011534

**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:** 251534554

**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)

September 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Exchange Traded Funds - 95.7%** |  |  |
| **Debt Funds - 30.6%** |  |  |
| iShares 10+ Year Investment Grade Corporate Bond ETF | 25122 | $1294788 |
| iShares 10-20 Year Treasury Bond ETF | 36996 | 3810218 |
| iShares 1-3 Year Treasury Bond ETF | 22684 | 1881865 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | 30966 | 1642127 |
| iShares 20+ Year Treasury Bond ETF | 11194 | 1000408 |
| iShares 3-7 Year Treasury Bond ETF | 16492 | 1970959 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | 23696 | 1281717 |
| iShares 7-10 Year Treasury Bond ETF | 5464 | 527057 |
| iShares Core Total USD Bond Market ETF | 91675 | 4282139 |
| iShares Core U.S. Aggregate Bond ETF | 41243 | 4134611 |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 6195 | 589702 |
| iShares MBS ETF | 30961 | 2945939 |
| **Total Debt Funds** |  | **25361530** |
| **Equity Funds - 65.1%** |  |  |
| iShares Core MSCI EAFE ETF | 44330 | 3870452 |
| iShares Core MSCI Emerging Markets ETF | 23344 | 1538836 |
| iShares Core S&P 500 ETF<sup>(a)</sup> | 32513 | 21760951 |
| iShares Core S&P Mid-Cap ETF | 61250 | 3997175 |
| iShares Core S&P Small-Cap ETF | 16887 | 2006682 |
| iShares MSCI EAFE Value ETF | 29301 | 1987487 |
| iShares MSCI USA Momentum Factor ETF | 4154 | 1065293 |
| iShares MSCI USA Quality Factor ETF | 14624 | 2844368 |
| iShares S&P 100 ETF | 7288 | 2425738 |
| iShares S&P 500 Growth ETF | 26083 | 3148740 |
| iShares S&P 500 Value ETF | 12144 | 2507857 |
| iShares U.S. Equity Factor Rotation Active Capitalize ETF | 60918 | 3606346 |
| iShares U.S. Technology ETF | 16667 | 3264399 |
| **Total Equity Funds** |  | **54024324** |
| **Total Exchange Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $54,702,945)** |  | **79385854** |
| **Short-Term Investments - 4.4%** |  |  |
| **Money Market Funds - 4.4%** |  |  |
| Dreyfus Government Cash Management, 4.04%<sup>(b)</sup> | 2818477 | 2818477 |
| Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 4.04%<sup>(b)</sup> | 816164 | 816164 |
| **Total Short-Term Investments<br> (Cost - $3,634,641)** |  | **3634641** |

---

---

| | |
|:---|:---|
|  | **Fair Value** |
| **Total Investments - 100.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $58,337,586)** | **$83020495** |
| **Other Assets Less Liabilities - Net (0.1)%** | **(57618)** |
| **Total Net Assets - 100.0%** | **$82962877** |

---

(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 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:** 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:** $83054170.88

**Total Liabilities:** $71637.18

**Net Assets:** $82982533.70

**Cash Not Reported:** $20741.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141028 | 0.75%                | 2.09%                | 2.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $233340.69               | $360840.20                                 |
| Month 2  | $472630.60               | $1172322.76                                |
| Month 3  | $1920026.84              | $-33884.99                                 |

**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 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        |     23696 | NS      | $1281716.64   | 1.54%             |  |  |  | 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        |     60918 | NS      | $3606345.60   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI EAFE ETF                            | iShares Core MSCI EAFE ETF                            | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |     44330 | NS      | $3870452.30   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management                    | Dreyfus Government Cash Management                    | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   2818477 | NS      | $2818477.33   | 3.40%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core S&P 500 ETF                              | iShares Core S&P 500 ETF                              | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |     32513 | NS      | $21760950.90  | 26.22%            |  |  |  | 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        |     14624 | NS      | $2844368.00   | 3.43%             |  |  |  | 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        |     36996 | NS      | $3810218.04   | 4.59%             |  |  |  | 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        |     61250 | NS      | $3997175.00   | 4.82%             |  |  |  | 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        |     41243 | NS      | $4134610.75   | 4.98%             |  |  |  | No            |                  1 | 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        |      6195 | NS      | $589702.05    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI EAFE Value ETF                           | iShares MSCI EAFE Value ETF                           | CUSIP: 464288877<br>LEI: 549300AN74D4XJZB8Y40 | Long             | EC               | RF                | US        |     29301 | NS      | $1987486.83   | 2.40%             |  |  |  | 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        |     16492 | NS      | $1970958.92   | 2.38%             |  |  |  | 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        |     12144 | NS      | $2507857.44   | 3.02%             |  |  |  | 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        |     91675 | NS      | $4282139.25   | 5.16%             |  |  |  | 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        |     25122 | NS      | $1294787.88   | 1.56%             |  |  |  | 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        |      4154 | NS      | $1065293.30   | 1.28%             |  |  |  | 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        |      5464 | NS      | $527057.44    | 0.64%             |  |  |  | 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        |     23344 | NS      | $1538836.48   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Technology ETF                           | iShares U.S. Technology ETF                           | CUSIP: 464287721<br>LEI: 5493003RR427QZS78C77 | Long             | EC               | RF                | US        |     16667 | NS      | $3264398.62   | 3.93%             |  |  |  | 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        |     16887 | NS      | $2006682.21   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P 100 ETF                                   | iShares S&P 100 ETF                                   | CUSIP: 464287101<br>LEI: 549300G3FWQPUM47D181 | Long             | EC               | RF                | US        |      7288 | NS      | $2425737.92   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MBS ETF                                       | iShares MBS ETF                                       | CUSIP: 464288588<br>LEI: 549300M0TH0IE2E6RP07 | Long             | EC               | RF                | US        |     30961 | NS      | $2945939.15   | 3.55%             |  |  |  | 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        |     26083 | NS      | $3148739.76   | 3.79%             |  |  |  | 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        |     30966 | NS      | $1642126.98   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                         | Fidelity Government Portfolio                         | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    816164 | NS      | $816163.53    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares 20+ Year Treasury Bond ETF                    | iShares 20+ Year Treasury Bond ETF                    | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |     11194 | NS      | $1000407.78   | 1.21%             |  |  |  | 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        |     22684 | NS      | $1881864.64   | 2.27%             |  |  |  | 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