Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited)
September 30, 2022
Shares/ Principal | Fair Value | ||
Common Stocks - 57.1% | |||
Aerospace & Defense - 1.3% | |||
Boeing Co. (The) * | 5,473 | $662,671 | |
General Dynamics Corp. | 5,665 | 1,201,943 | |
Lockheed Martin Corp. | 3,113 | 1,202,521 | |
Raytheon Technologies Corp. | 18,617 | 1,523,987 | |
4,591,122 | |||
Air Freight & Logistics - 0.1% | |||
FedEx Corp. | 3,022 | 448,676 | |
Airlines - 0.1% | |||
JetBlue Airways Corp. * | 80,931 | 536,572 | |
Automobiles - 0.6% | |||
Ford Motor Co. | 31,135 | 348,712 | |
Tesla, Inc. * | 7,399 | 1,962,585 | |
2,311,297 | |||
Beverages - 1.3% | |||
Constellation Brands, Inc., Class A | 14,370 | 3,300,502 | |
Monster Beverage Corp. * | 16,597 | 1,443,275 | |
4,743,777 | |||
Biotechnology - 1.2% | |||
Alkermes PLC * | 5,126 | 114,464 | |
Alnylam Pharmaceuticals, Inc. * | 769 | 153,923 | |
Apellis Pharmaceuticals, Inc. * | 1,596 | 109,007 | |
Ascendis Pharma A/S, ADR * | 1,326 | 136,923 | |
Biogen, Inc. * | 1,181 | 315,327 | |
Blueprint Medicines Corp. * | 772 | 50,867 | |
Celldex Therapeutics, Inc. * | 1,983 | 55,742 | |
Genmab A/S, ADR * | 4,197 | 134,850 | |
Horizon Therapeutics PLC * | 1,916 | 118,581 | |
Incyte Corp. * | 2,498 | 166,467 | |
Karuna Therapeutics, Inc. * | 836 | 188,041 | |
Mirati Therapeutics, Inc. * | 809 | 56,500 | |
Moderna, Inc. * | 1,590 | 188,017 | |
Myovant Sciences Ltd. * | 14,716 | 264,299 | |
PTC Therapeutics, Inc. * | 1,845 | 92,619 | |
Regeneron Pharmaceuticals, Inc. * | 867 | 597,250 | |
REVOLUTION Medicines, Inc. * | 2,323 | 45,810 | |
Sarepta Therapeutics, Inc. * | 793 | 87,658 | |
Seagen, Inc. * | 1,926 | 263,535 | |
Syndax Pharmaceuticals, Inc. * | 2,049 | 49,237 | |
United Therapeutics Corp. * | 536 | 112,228 | |
Vertex Pharmaceuticals, Inc. * | 3,064 | 887,151 | |
4,188,496 | |||
Building Products - 0.5% | |||
AZEK Co., Inc. (The) * | 14,941 | 248,320 | |
Builders FirstSource, Inc. * | 10,613 | 625,318 | |
Fortune Brands Home & Security, Inc. | 3,206 | 172,130 | |
Johnson Controls International PLC | 13,120 | 645,766 | |
1,691,534 | |||
Capital Markets - 3.7% | |||
Ares Management Corp., Class A | 40,534 | 2,511,081 |
Shares/ Principal | Fair Value | ||
Capital Markets (continued) | |||
Charles Schwab Corp. (The) | 37,271 | $2,678,667 | |
CME Group, Inc. | 3,628 | 642,628 | |
Goldman Sachs Group, Inc. (The) | 6,505 | 1,906,290 | |
Morgan Stanley | 37,207 | 2,939,725 | |
S&P Global, Inc. | 8,554 | 2,611,964 | |
13,290,355 | |||
Chemicals - 1.5% | |||
Cabot Corp. | 11,870 | 758,374 | |
Celanese Corp. | 6,269 | 566,341 | |
FMC Corp. | 10,444 | 1,103,931 | |
Ingevity Corp. * | 4,392 | 266,287 | |
Linde PLC | 5,730 | 1,544,751 | |
Livent Corp. * | 11,089 | 339,878 | |
PPG Industries, Inc. | 8,529 | 944,075 | |
5,523,637 | |||
Commercial Services & Supplies - 0.2% | |||
Aurora Innovation, Inc. * | 29,736 | 65,716 | |
Clean Harbors, Inc. * | 2,512 | 276,270 | |
Waste Connections, Inc. | 4,223 | 570,654 | |
912,640 | |||
Communications Equipment - 0.4% | |||
Arista Networks, Inc. * | 13,365 | 1,508,775 | |
Construction & Engineering - 0.2% | |||
Fluor Corp. * | 24,308 | 605,026 | |
Consumer Finance - 0.1% | |||
OneMain Holdings, Inc. | 8,659 | 255,614 | |
Containers & Packaging - 0.1% | |||
Ball Corp. | 5,338 | 257,932 | |
Diversified Financial Services - 0.4% | |||
Equitable Holdings, Inc. | 48,122 | 1,268,015 | |
Voya Financial, Inc. | 5,864 | 354,772 | |
1,622,787 | |||
Diversified Telecommunication - 0.2% | |||
AT&T, Inc. | 59,559 | 913,635 | |
Electric Utilities - 1.7% | |||
Duke Energy Corp. | 20,770 | 1,932,025 | |
Edison International | 23,453 | 1,326,971 | |
Exelon Corp. | 34,464 | 1,291,022 | |
FirstEnergy Corp. | 39,500 | 1,461,500 | |
6,011,518 | |||
Electrical Equipment - 0.1% | |||
AMETEK, Inc. | 1,032 | 117,039 | |
Emerson Electric Co. | 3,020 | 221,124 | |
338,163 | |||
Energy Equipment & Services - 0.2% | |||
Schlumberger NV | 24,538 | 880,914 | |
Entertainment - 0.1% | |||
Electronic Arts, Inc. | 2,605 | 301,425 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Equity Real Estate Investment - 1.2% | |||
American Tower Corp. | 4,985 | $1,070,279 | |
AvalonBay Communities, Inc. | 2,930 | 539,677 | |
Rexford Industrial Realty, Inc. | 18,776 | 976,352 | |
Ryman Hospitality Properties, Inc. | 10,540 | 775,639 | |
Welltower, Inc. | 16,267 | 1,046,293 | |
4,408,240 | |||
Food & Staples Retailing - 1.6% | |||
Performance Food Group Co. * | 96,241 | 4,133,551 | |
Sysco Corp. | 21,563 | 1,524,720 | |
5,658,271 | |||
Food Products - 1.1% | |||
Archer-Daniels-Midland Co. | 13,234 | 1,064,675 | |
Hershey Co. (The) | 8,863 | 1,954,026 | |
Kellogg Co. | 12,018 | 837,174 | |
3,855,875 | |||
Health Care Equipment & Supplies - 1.7% | |||
Align Technology, Inc. * | 2,165 | 448,393 | |
Baxter International, Inc. | 15,424 | 830,737 | |
Boston Scientific Corp. * | 31,016 | 1,201,250 | |
Dexcom, Inc. * | 6,077 | 489,441 | |
Edwards Lifesciences Corp. * | 10,636 | 878,853 | |
Inari Medical, Inc. * | 1,929 | 140,122 | |
Insulet Corp. * | 2,070 | 474,858 | |
Stryker Corp. | 5,868 | 1,188,505 | |
Teleflex, Inc. | 2,118 | 426,692 | |
6,078,851 | |||
Health Care Providers & Services - 2.6% | |||
agilon health, Inc. * | 52,105 | 1,220,299 | |
Centene Corp. * | 16,356 | 1,272,660 | |
Elevance Health, Inc. | 2,961 | 1,345,005 | |
HCA Healthcare, Inc. | 5,222 | 959,751 | |
Humana, Inc. | 5,195 | 2,520,562 | |
Laboratory Corp. of America Holdings | 527 | 107,935 | |
McKesson Corp. | 2,011 | 683,479 | |
UnitedHealth Group, Inc. | 2,414 | 1,219,166 | |
9,328,857 | |||
Hotels, Restaurants & Leisure - 1.2% | |||
Airbnb, Inc., Class A * | 20,880 | 2,193,235 | |
Hyatt Hotels Corp., Class A * | 7,531 | 609,710 | |
Starbucks Corp. | 17,245 | 1,453,064 | |
4,256,009 | |||
Household Durables - 0.1% | |||
DR Horton, Inc. | 1,664 | 112,070 | |
Lennar Corp., Class A | 1,539 | 114,733 | |
226,803 | |||
Independent Power and Renewable Electricity Producers - 0.3% | |||
AES Corp. (The) | 44,837 | 1,013,316 |
Shares/ Principal | Fair Value | ||
Industrial Conglomerates - 0.4% | |||
Honeywell International, Inc. | 8,077 | $1,348,617 | |
Insurance - 2.2% | |||
Allstate Corp. (The) | 5,432 | 676,447 | |
American International Group, Inc. | 31,966 | 1,517,746 | |
Assurant, Inc. | 3,054 | 443,654 | |
Assured Guaranty Ltd. | 13,795 | 668,368 | |
Chubb Ltd. | 8,343 | 1,517,425 | |
Hartford Financial Services Group, Inc. (The) | 12,266 | 759,756 | |
Marsh & McLennan Cos., Inc. | 7,794 | 1,163,566 | |
MetLife, Inc. | 10,778 | 655,087 | |
Trupanion, Inc. * | 11,102 | 659,792 | |
8,061,841 | |||
Interactive Media & Services - 3.6% | |||
Alphabet, Inc., Class A * | 68,354 | 6,538,060 | |
Bumble, Inc., Class A * | 29,406 | 631,935 | |
Cargurus, Inc. * | 39,445 | 558,936 | |
Match Group, Inc. * | 8,390 | 400,623 | |
Meta Platforms, Inc., Class A * | 37,127 | 5,037,391 | |
13,166,945 | |||
Internet & Direct Marketing Retail - 3.2% | |||
Amazon.com, Inc. * | 84,547 | 9,553,811 | |
Etsy, Inc. * | 20,728 | 2,075,495 | |
11,629,306 | |||
IT Services - 2.2% | |||
Block, Inc. * | 9,468 | 520,645 | |
FleetCor Technologies, Inc. * | 2,412 | 424,922 | |
Genpact Ltd. | 12,431 | 544,105 | |
Global Payments, Inc. | 15,446 | 1,668,940 | |
GoDaddy, Inc., Class A * | 12,120 | 859,066 | |
Okta, Inc. * | 1,237 | 70,348 | |
PayPal Holdings, Inc. * | 12,571 | 1,081,986 | |
Snowflake, Inc., Class A * | 665 | 113,023 | |
VeriSign, Inc. * | 6,285 | 1,091,705 | |
Visa, Inc., Class A | 6,480 | 1,151,172 | |
WEX, Inc. * | 3,774 | 479,072 | |
8,004,984 | |||
Life Sciences Tools & Services - 1.6% | |||
Agilent Technologies, Inc. | 10,318 | 1,254,153 | |
Danaher Corp. | 9,453 | 2,441,615 | |
ICON PLC * | 1,946 | 357,636 | |
Illumina, Inc. * | 3,819 | 728,627 | |
NanoString Technologies, Inc. * | 8,658 | 110,563 | |
Syneos Health, Inc., Class A * | 14,334 | 675,848 | |
Waters Corp. * | 1,183 | 318,854 | |
5,887,296 | |||
Machinery - 1.2% | |||
Caterpillar, Inc. | 3,349 | 549,504 | |
Flowserve Corp. | 15,739 | 382,458 | |
Fortive Corp. | 5,926 | 345,486 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Machinery (continued) | |||
Ingersoll Rand, Inc. | 11,392 | $492,818 | |
Kennametal, Inc. | 10,276 | 211,480 | |
Middleby Corp. (The) * | 3,955 | 506,912 | |
PACCAR, Inc. | 7,138 | 597,379 | |
Westinghouse Air Brake Technologies Corp. | 13,928 | 1,133,043 | |
4,219,080 | |||
Media - 1.0% | |||
Charter Communications, Inc., Class A * | 3,502 | 1,062,331 | |
New York Times Co. (The), Class A | 19,865 | 571,119 | |
Omnicom Group, Inc. | 32,489 | 2,049,731 | |
3,683,181 | |||
Oil, Gas & Consumable Fuels - 2.7% | |||
BP PLC, ADR | 58,724 | 1,676,570 | |
ConocoPhillips | 22,831 | 2,336,525 | |
EOG Resources, Inc. | 3,052 | 341,000 | |
Marathon Petroleum Corp. | 10,916 | 1,084,286 | |
Pioneer Natural Resources Co. | 2,441 | 528,550 | |
Shell PLC, ADR | 79,312 | 3,946,565 | |
9,913,496 | |||
Pharmaceuticals - 3.4% | |||
Aclaris Therapeutics, Inc. * | 3,352 | 52,760 | |
AstraZeneca PLC, ADR | 24,118 | 1,322,631 | |
Bristol-Myers Squibb Co. | 25,907 | 1,841,729 | |
Elanco Animal Health, Inc. * | 23,043 | 285,964 | |
Eli Lilly and Co. | 11,116 | 3,594,359 | |
GSK PLC, ADR | 8,120 | 238,972 | |
Intra-Cellular Therapies, Inc. * | 3,867 | 179,931 | |
Novartis AG, ADR | 12,440 | 945,564 | |
Pfizer, Inc. | 66,069 | 2,891,179 | |
Royalty Pharma PLC, Class A | 2,083 | 83,695 | |
Zoetis, Inc. | 5,724 | 848,812 | |
12,285,596 | |||
Professional Services - 0.3% | |||
Science Applications International Corp. | 6,569 | 580,897 | |
TriNet Group, Inc. * | 5,146 | 366,498 | |
947,395 | |||
Semiconductors & Semiconductor Equipment - 2.2% | |||
Advanced Micro Devices, Inc. * | 17,961 | 1,138,009 | |
Intel Corp. | 7,959 | 205,104 | |
KLA Corp. | 2,741 | 829,509 | |
Marvell Technology, Inc. | 15,476 | 664,075 | |
Micron Technology, Inc. | 19,021 | 952,952 | |
NVIDIA Corp. | 4,021 | 488,109 | |
ON Semiconductor Corp. * | 16,871 | 1,051,569 | |
Teradyne, Inc. | 8,408 | 631,861 | |
Texas Instruments, Inc. | 12,222 | 1,891,721 | |
7,852,909 |
Shares/ Principal | Fair Value | ||
Software - 5.0% | |||
Adobe, Inc. * | 1,498 | $412,250 | |
Ceridian HCM Holding, Inc. * | 12,266 | 685,424 | |
Guidewire Software, Inc. * | 3,101 | 190,959 | |
HashiCorp, Inc., Class A * | 9,297 | 299,270 | |
HubSpot, Inc. * | 245 | 66,179 | |
Microsoft Corp. | 56,707 | 13,207,060 | |
Palo Alto Networks, Inc. * | 1,770 | 289,908 | |
Qualtrics International, Inc., Class A * | 11,088 | 112,876 | |
Rapid7, Inc. * | 1,340 | 57,486 | |
salesforce, Inc. * | 9,096 | 1,308,369 | |
SentinelOne, Inc., Class A * | 4,093 | 104,617 | |
ServiceNow, Inc. * | 2,211 | 834,896 | |
UiPath, Inc., Class A * | 7,198 | 90,767 | |
Varonis Systems, Inc. * | 4,023 | 106,690 | |
Workday, Inc., Class A * | 2,622 | 399,121 | |
18,165,872 | |||
Specialty Retail - 0.5% | |||
TJX Cos., Inc. (The) | 31,699 | 1,969,142 | |
Technology Hardware, Storage & Peripherals - 2.0% | |||
Apple, Inc. | 53,026 | 7,328,193 | |
Textiles, Apparel & Luxury Goods - 0.5% | |||
NIKE, Inc., Class B | 21,858 | 1,816,837 | |
Tobacco - 0.5% | |||
Philip Morris International, Inc. | 23,054 | 1,913,713 | |
Trading Companies & Distributors - 0.1% | |||
United Rentals, Inc. * | 367 | 99,134 | |
WESCO International, Inc. * | 3,198 | 381,777 | |
480,911 | |||
Wireless Telecommunication Services - 0.7% | |||
T-Mobile US, Inc. * | 19,583 | 2,627,451 | |
Total Common Stocks | |||
(Cost - $163,315,049) | 207,062,882 | ||
U.S. Treasury Securities and Agency Bonds - 11.0% | |||
U.S. Treasury Bond | |||
3.25%, 5/15/42 | $165,000 | 146,464 | |
3.38%, 8/15/42 | 5,150,000 | 4,665,578 | |
3.00%, 11/15/44 | 610,000 | 509,755 | |
2.50%, 2/15/45 | 2,620,000 | 1,999,899 | |
2.88%, 8/15/45 | 545,000 | 445,218 | |
2.50%, 5/15/46 | 805,000 | 611,108 | |
3.00%, 5/15/47 | 470,000 | 393,974 | |
2.75%, 8/15/47 | 320,000 | 256,025 | |
2.25%, 2/15/52 | 335,000 | 243,346 | |
2.88%, 5/15/52 | 4,745,000 | 3,979,869 | |
3.00%, 8/15/52 | 770,000 | 664,967 | |
U.S. Treasury Note | |||
0.38%, 10/31/23 | 175,000 | 167,809 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
U.S. Treasury Securities and Agency Bonds (continued) | |||
0.13%, 1/15/24 | $500,000 | $473,984 | |
1.50%, 2/29/24 | 250,000 | 240,459 | |
0.25%, 3/15/24 | 940,000 | 886,611 | |
2.50%, 4/30/24 | 180,000 | 175,036 | |
0.25%, 5/15/24 | 260,000 | 243,638 | |
3.25%, 8/31/24 | 1,460,000 | 1,434,051 | |
1.00%, 12/15/24 | 85,000 | 79,243 | |
1.13%, 1/15/25 | 1,400,000 | 1,304,570 | |
1.50%, 2/15/25 | 350,000 | 328,125 | |
1.75%, 3/15/25 | 725,000 | 682,803 | |
2.63%, 4/15/25 | 1,145,000 | 1,099,871 | |
2.75%, 5/15/25 | 355,000 | 341,674 | |
3.13%, 8/15/25 | 875,000 | 848,340 | |
0.75%, 5/31/26 | 260,000 | 229,684 | |
0.88%, 6/30/26 | 1,125,000 | 996,372 | |
0.63%, 7/31/26 | 2,215,000 | 1,938,038 | |
0.75%, 8/31/26 | 505,000 | 443,059 | |
0.88%, 9/30/26 | 1,715,000 | 1,509,401 | |
1.13%, 10/31/26 | 510,000 | 452,406 | |
1.25%, 11/30/26 | 140,000 | 124,638 | |
1.25%, 12/31/26 | 4,100,000 | 3,643,715 | |
1.88%, 2/28/27 | 1,405,000 | 1,280,251 | |
2.50%, 3/31/27†† | 325,000 | 303,786 | |
2.75%, 4/30/27 | 845,000 | 797,898 | |
2.63%, 5/31/27 | 460,000 | 432,059 | |
3.25%, 6/30/27 | 1,195,000 | 1,152,381 | |
3.13%, 8/31/27 | 1,960,000 | 1,880,988 | |
1.25%, 3/31/28 | 440,000 | 379,569 | |
1.25%, 6/30/28 | 265,000 | 227,227 | |
1.50%, 11/30/28 | 195,000 | 168,149 | |
2.38%, 3/31/29 | 210,000 | 190,214 | |
3.25%, 6/30/29 | 415,000 | 396,811 | |
2.63%, 7/31/29 | 125,000 | 114,902 | |
2.75%, 8/15/32 | 1,215,000 | 1,110,396 | |
Total U.S. Treasury Securities and Agency Bonds | |||
(Cost - $43,899,205) | 39,994,361 | ||
Corporate Bonds and Notes - 9.9% | |||
Aerospace & Defense - 0.1% | |||
BAE Systems Holdings, Inc., 3.85%, 12/15/25(a) | $100,000 | 95,213 | |
Lockheed Martin Corp., 4.85%, 9/15/41 | 50,000 | 45,434 | |
Raytheon Technologies Corp., 3.95%, 8/16/25 | 150,000 | 146,400 | |
287,047 | |||
Agriculture - 0.2% | |||
BAT Capital Corp., 3.56%, 8/15/27 | 895,000 | 785,771 |
Shares/ Principal | Fair Value | ||
Airlines - 0.0%† | |||
United Airlines 2016-1 Class AA Pass-Through Trust, 3.10%, 7/7/28 | $73,617 | $64,159 | |
United Airlines 2018-1 Class B Pass Through Trust, 4.60%, 3/1/26 | 22,147 | 20,104 | |
84,263 | |||
Auto Manufacturers - 0.3% | |||
General Motors Financial Co., Inc., 3.70%, 5/9/23 | 600,000 | 597,083 | |
Hyundai Capital America, 0.80%, 4/3/23(a) | 375,000 | 367,266 | |
Volkswagen Group of America Finance LLC, 3.35%, 5/13/25(a) | 225,000 | 213,457 | |
1,177,806 | |||
Banks - 2.9% | |||
Banco Santander SA, 3.13%, 2/23/23 | 200,000 | 198,480 | |
Bank of America Corp. | |||
1.73%, (SOFR + 0.96%), 7/22/27(b) | 435,000 | 372,999 | |
3.42%, (3 Month US Libor + 1.04%), 12/20/28(b) | 11,000 | 9,761 | |
3.97%, (3 Month US Libor + 1.21%), 2/7/30(b) | 225,000 | 200,630 | |
3.19%, (3 Month US Libor + 1.18%), 7/23/30(b) | 180,000 | 151,652 | |
2.65%, (SOFR + 1.22%), 3/11/32(b) | 290,000 | 225,462 | |
2.30%, (SOFR + 1.22%), 7/21/32(b) | 45,000 | 33,583 | |
Barclays PLC, 3.93%, (3 Month US Libor + 1.61%), 5/7/25(b) | 355,000 | 341,494 | |
BNP Paribas SA | |||
3.38%, 1/9/25(a) | 200,000 | 190,268 | |
2.82%, (3 Month US Libor + 1.11%), 11/19/25(a),(b) | 200,000 | 186,463 | |
BPCE SA | |||
5.70%, 10/22/23(a) | 275,000 | 271,893 | |
5.15%, 7/21/24(a) | 600,000 | 585,134 | |
Citigroup, Inc., 3.50%, 5/15/23 | 300,000 | 297,918 | |
Cooperatieve Rabobank UA, 1.11%, (US 1 Year CMT T-Note + 0.55%), 2/24/27(a),(b) | 250,000 | 214,088 | |
Credit Agricole SA | |||
3.75%, 4/24/23(a) | 250,000 | 248,164 | |
3.25%, 10/4/24(a) | 250,000 | 238,677 | |
4.38%, 3/17/25(a) | 200,000 | 191,935 | |
Credit Suisse Group AG | |||
4.48%, (3 Month US Libor + 1.24%), 6/12/24(a),(b) | 260,000 | 257,077 | |
6.44%, (SOFR + 3.70%), 8/11/28(a),(b) | 475,000 | 441,921 | |
3.09%, (SOFR + 1.73%), 5/14/32(a),(b) | 925,000 | 648,569 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Banks (continued) | |||
Danske Bank A/S | |||
3.88%, 9/12/23(a) | $200,000 | $196,794 | |
5.38%, 1/12/24(a) | 200,000 | 198,913 | |
1.62%, (US 1 Year CMT T-Note + 1.35%), 9/11/26(a),(b) | 435,000 | 376,519 | |
Goldman Sachs Group, Inc. (The) | |||
3.50%, 1/23/25 | 200,000 | 192,215 | |
3.27%, (3 Month US Libor + 1.20%), 9/29/25(b) | 460,000 | 438,293 | |
1.43%, (SOFR + 0.80%), 3/9/27(b) | 495,000 | 425,707 | |
2.62%, (SOFR + 1.28%), 4/22/32(b) | 550,000 | 426,858 | |
6.75%, 10/1/37 | 50,000 | 49,812 | |
3.21%, (SOFR + 1.51%), 4/22/42(b) | 30,000 | 20,330 | |
HSBC Holdings PLC | |||
3.60%, 5/25/23 | 200,000 | 198,208 | |
1.59%, (SOFR + 1.29%), 5/24/27(b) | 495,000 | 413,908 | |
JPMorgan Chase & Co. | |||
2.95%, 10/1/26 | 400,000 | 366,759 | |
2.07%, (SOFR + 1.02%), 6/1/29(b) | 10,000 | 8,111 | |
2.58%, (SOFR + 1.25%), 4/22/32(b) | 325,000 | 251,599 | |
4.91%, (SOFR + 2.08%), 7/25/33(b) | 170,000 | 156,876 | |
Morgan Stanley | |||
4.35%, 9/8/26 | 455,000 | 433,520 | |
1.93%, (SOFR + 1.02%), 4/28/32(b) | 210,000 | 153,239 | |
2.51%, (SOFR + 1.20%), 10/20/32(b) | 625,000 | 477,377 | |
PNC Financial Services Group, Inc. (The), 3.90%, 4/29/24 | 50,000 | 49,283 | |
Santander Holdings USA, Inc., 3.40%, 1/18/23 | 75,000 | 74,684 | |
Standard Chartered PLC, 0.99%, (US 1 Year CMT T-Note + 0.78%), 1/12/25(a),(b) | 260,000 | 243,472 | |
Wells Fargo & Co., 3.00%, 2/19/25 | 150,000 | 142,602 | |
10,601,247 | |||
Commercial Services - 0.2% | |||
Ashtead Capital, Inc., 5.50%, 8/11/32(a) | 200,000 | 184,187 | |
ERAC USA Finance LLC, 3.30%, 10/15/22(a) | 500,000 | 499,780 | |
683,967 | |||
Computers - 0.1% | |||
Kyndryl Holdings, Inc., 3.15%, 10/15/31 | 409,000 | 274,125 | |
Diversified Financial Services - 0.7% | |||
Aviation Capital Group LLC, 1.95%, 9/20/26(a) | 410,000 | 332,313 | |
Avolon Holdings Funding Ltd. | |||
2.13%, 2/21/26(a) | 184,000 | 154,701 | |
2.53%, 11/18/27(a) | 558,000 | 438,465 |
Shares/ Principal | Fair Value | ||
Diversified Financial Services (continued) | |||
Capital One Financial Corp., 4.20%, 10/29/25 | $105,000 | $100,976 | |
Intercontinental Exchange, Inc. | |||
4.00%, 9/15/27 | 411,000 | 389,622 | |
4.35%, 6/15/29 | 980,000 | 927,377 | |
2,343,454 | |||
Electric - 1.5% | |||
Alabama Power Co., 1.45%, 9/15/30 | 30,000 | 22,957 | |
Appalachian Power Co., 3.40%, 6/1/25 | 200,000 | 191,839 | |
CMS Energy Corp., 4.75%, (US 5 Year CMT T-Note + 4.12%), 6/1/50(b) | 172,000 | 145,340 | |
Consolidated Edison Co. of New York, Inc. | |||
3.20%, 12/1/51 | 315,000 | 209,102 | |
4.50%, 5/15/58 | 75,000 | 59,110 | |
Dominion Energy South Carolina, Inc., 6.63%, 2/1/32 | 80,000 | 85,667 | |
Duke Energy Corp. | |||
3.75%, 4/15/24 | 225,000 | 220,978 | |
2.65%, 9/1/26 | 70,000 | 63,531 | |
4.50%, 8/15/32 | 935,000 | 845,145 | |
5.00%, 8/15/52 | 75,000 | 63,486 | |
Enel Finance International NV | |||
2.25%, 7/12/31(a) | 200,000 | 138,743 | |
5.00%, 6/15/32(a) | 405,000 | 345,424 | |
Georgia Power Co. | |||
4.70%, 5/15/32 | 315,000 | 294,872 | |
4.75%, 9/1/40 | 65,000 | 54,651 | |
5.13%, 5/15/52 | 165,000 | 149,131 | |
ITC Holdings Corp., 4.95%, 9/22/27(a) | 120,000 | 117,125 | |
Mid-Atlantic Interstate Transmission LLC, 4.10%, 5/15/28(a) | 400,000 | 370,665 | |
Niagara Mohawk Power Corp., 1.96%, 6/27/30(a) | 335,000 | 258,439 | |
Oglethorpe Power Corp., 6.19%, 1/1/31(a) | 100,000 | 100,959 | |
Oncor Electric Delivery Co. LLC, 3.70%, 11/15/28 | 295,000 | 273,700 | |
Pacific Gas and Electric Co., 5.90%, 6/15/32 | 200,000 | 182,305 | |
SCE Recovery Funding LLC | |||
0.86%, 11/15/31 | 109,723 | 89,779 | |
1.94%, 5/15/38 | 50,000 | 37,317 | |
2.51%, 11/15/43 | 30,000 | 19,492 | |
Sempra Energy, 4.13%, (US 5 Year CMT T-Note + 2.87%), 4/1/52(b) | 95,000 | 74,575 | |
Southern California Edison Co. | |||
3.70%, 8/1/25 | 45,000 | 43,276 | |
4.65%, 10/1/43 | 20,000 | 16,435 | |
4.00%, 4/1/47 | 50,000 | 36,434 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Electric (continued) | |||
Southern Co. (The) | |||
2.95%, 7/1/23 | $290,000 | $286,627 | |
4.00%, (US 5 Year CMT T-Note + 3.73%), 1/15/51(b) | 175,000 | 156,835 | |
Texas Electric Market Stabilization Funding N LLC, 4.27%, 8/1/34(a) | 370,000 | 355,066 | |
5,309,005 | |||
Food - 0.1% | |||
Sigma Alimentos SA de CV, 4.13%, 5/2/26(a) | 240,000 | 215,880 | |
Gas - 0.2% | |||
Boston Gas Co., 3.15%, 8/1/27(a) | 60,000 | 53,461 | |
CenterPoint Energy Resources Corp., 3.60%, (3 Month US Libor + 0.50%), 3/2/23(b) | 6,000 | 5,986 | |
Eastern Energy Gas Holdings LLC, 3.60%, 12/15/24 | 84,000 | 81,461 | |
KeySpan Gas East Corp., 2.74%, 8/15/26(a) | 275,000 | 246,031 | |
Southern California Gas Co., 2.95%, 4/15/27 | 280,000 | 255,729 | |
642,668 | |||
Healthcare-Products - 0.0%† | |||
Boston Scientific Corp., 2.65%, 6/1/30 | 30,000 | 24,876 | |
Healthcare-Services - 0.4% | |||
Aetna, Inc., 2.80%, 6/15/23 | 210,000 | 207,295 | |
Bon Secours Mercy Health, Inc., 2.10%, 6/1/31 | 135,000 | 104,981 | |
Children's Hospital/DC, 2.93%, 7/15/50 | 115,000 | 74,529 | |
CommonSpirit Health | |||
4.20%, 8/1/23 | 105,000 | 104,471 | |
2.78%, 10/1/30 | 191,000 | 152,371 | |
4.35%, 11/1/42 | 60,000 | 47,286 | |
4.19%, 10/1/49 | 10,000 | 7,481 | |
Dignity Health, 3.81%, 11/1/24 | 92,000 | 89,120 | |
Elevance Health, Inc., 3.50%, 8/15/24 | 75,000 | 73,374 | |
Memorial Sloan-Kettering Cancer Center, 2.96%, 1/1/50 | 20,000 | 13,421 | |
Mercy Health, 3.56%, 8/1/27 | 270,000 | 246,687 | |
Ochsner LSU Health System of North Louisiana, 2.51%, 5/15/31 | 230,000 | 175,784 | |
Sutter Health, 2.29%, 8/15/30 | 75,000 | 60,412 | |
Toledo Hospital (The), 5.75%, 11/15/38 | 75,000 | 68,401 | |
UnitedHealth Group, Inc. | |||
4.20%, 5/15/32 | 135,000 | 125,322 | |
4.75%, 5/15/52 | 20,000 | 17,920 | |
1,568,855 | |||
Insurance - 0.6% | |||
Athene Global Funding, 2.50%, 3/24/28(a) | 650,000 | 541,363 |
Shares/ Principal | Fair Value | ||
Insurance (continued) | |||
CNO Global Funding, 2.65%, 1/6/29(a) | $530,000 | $440,551 | |
Corebridge Financial, Inc. | |||
3.90%, 4/5/32(a) | 410,000 | 344,924 | |
6.88%, (US 5 Year CMT T-Note + 3.85%), 12/15/52(a),(b) | 320,000 | 291,874 | |
Five Corners Funding Trust II, 2.85%, 5/15/30(a) | 225,000 | 185,126 | |
Liberty Mutual Group, Inc., 5.50%, 6/15/52(a) | 370,000 | 318,977 | |
Northwestern Mutual Life Insurance Co. (The), 3.63%, 9/30/59(a) | 30,000 | 20,219 | |
Principal Financial Group, Inc., 3.40%, 5/15/25 | 150,000 | 143,900 | |
2,286,934 | |||
Lodging - 0.1% | |||
Genting New York LLC / GENNY Capital, Inc., 3.30%, 2/15/26(a) | 600,000 | 512,685 | |
Media - 0.2% | |||
Charter Communications Operating LLC / Charter Communications Operating Capital | |||
2.25%, 1/15/29 | 225,000 | 175,581 | |
2.80%, 4/1/31 | 505,000 | 381,587 | |
557,168 | |||
Miscellaneous Manufacturing - 0.0%† | |||
Eaton Corp. | |||
4.15%, 3/15/33 | 150,000 | 135,457 | |
4.70%, 8/23/52 | 30,000 | 26,161 | |
161,618 | |||
Oil & Gas - 0.4% | |||
Equinor ASA | |||
3.00%, 4/6/27 | 610,000 | 563,145 | |
3.13%, 4/6/30 | 40,000 | 35,072 | |
Hess Corp. | |||
7.30%, 8/15/31 | 460,000 | 485,261 | |
5.60%, 2/15/41 | 145,000 | 126,830 | |
Qatar Energy, 3.13%, 7/12/41(a) | 200,000 | 145,857 | |
1,356,165 | |||
Pipelines - 0.4% | |||
Eastern Gas Transmission & Storage, Inc., 3.60%, 12/15/24 | 41,000 | 39,761 | |
EIG Pearl Holdings Sarl, 3.55%, 8/31/36(a) | 565,000 | 450,436 | |
Energy Transfer LP | |||
7.60%, 2/1/24 | 90,000 | 91,889 | |
4.95%, 6/15/28 | 20,000 | 18,638 | |
Gray Oak Pipeline LLC | |||
2.60%, 10/15/25(a) | 144,000 | 129,160 | |
3.45%, 10/15/27(a) | 25,000 | 22,133 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Pipelines (continued) | |||
Sabine Pass Liquefaction LLC, 4.50%, 5/15/30 | $815,000 | $742,158 | |
1,494,175 | |||
REITS - 0.2% | |||
CubeSmart LP, 2.25%, 12/15/28 | 265,000 | 215,286 | |
SBA Tower Trust | |||
3.45%, 3/15/23(a) | 155,000 | 153,709 | |
2.84%, 1/15/25(a) | 100,000 | 93,721 | |
1.88%, 1/15/26(a) | 95,000 | 83,278 | |
1.63%, 11/15/26(a) | 115,000 | 97,919 | |
VICI Properties LP / VICI Note Co., Inc., 4.13%, 8/15/30(a) | 115,000 | 96,051 | |
739,964 | |||
Retail - 0.0%† | |||
Lowe's Cos., Inc., 3.75%, 4/1/32 | 180,000 | 155,615 | |
Semiconductors - 0.3% | |||
Intel Corp., 4.15%, 8/5/32 | 690,000 | 628,584 | |
Microchip Technology, Inc., 0.97%, 2/15/24 | 530,000 | 499,446 | |
1,128,030 | |||
Software - 0.1% | |||
Oracle Corp. | |||
3.25%, 11/15/27 | 140,000 | 124,775 | |
3.60%, 4/1/50 | 200,000 | 125,158 | |
3.95%, 3/25/51 | 250,000 | 165,825 | |
3.85%, 4/1/60 | 70,000 | 42,310 | |
458,068 | |||
Telecommunications - 0.6% | |||
AT&T, Inc. | |||
2.55%, 12/1/33 | 266,000 | 196,821 | |
4.30%, 12/15/42 | 45,000 | 35,474 | |
3.65%, 6/1/51 | 37,000 | 25,012 | |
3.85%, 6/1/60 | 33,000 | 22,114 | |
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC, 4.74%, 3/20/25(a) | 256,250 | 252,576 | |
Verizon Communications, Inc., 2.36%, 3/15/32 | 1,904,000 | 1,459,319 | |
1,991,316 | |||
Trucking & Leasing - 0.3% | |||
DAE Funding LLC, 1.55%, 8/1/24(a) | 500,000 | 456,934 | |
Penske Truck Leasing Co. LP / PTL Finance Corp. | |||
2.70%, 11/1/24(a) | 110,000 | 103,675 | |
3.95%, 3/10/25(a) | 345,000 | 330,824 | |
891,433 | |||
Total Corporate Bonds and Notes | |||
(Cost - $40,163,323) | 35,732,135 |
Shares/ Principal | Fair Value | ||
Agency Mortgage Backed Securities - 9.6% | |||
Federal Home Loan Mortgage Corporation - 0.2% | |||
Freddie Mac Gold Pool | |||
3.00%, 9/1/28 | $2,729 | $2,556 | |
2.50%, 10/1/28 | 5,547 | 5,083 | |
2.50%, 12/1/31 | 32,230 | 29,836 | |
3.50%, 11/1/34 | 32,265 | 29,438 | |
3.00%, 2/1/43 | 19,646 | 17,452 | |
3.50%, 10/1/43 | 9,633 | 8,856 | |
4.00%, 8/1/44 | 5,567 | 5,294 | |
3.00%, 11/1/46 | 564,337 | 493,425 | |
3.00%, 12/1/46 | 159,214 | 139,160 | |
731,100 | |||
Federal National Mortgage Association - 7.6% | |||
Fannie Mae Pool | |||
2.50%, 4/1/28 | 7,934 | 7,263 | |
3.00%, 10/1/28 | 4,751 | 4,445 | |
2.50%, 2/1/30 | 16,115 | 14,828 | |
2.50%, 6/1/30 | 44,520 | 40,940 | |
2.50%, 10/1/31 | 84,515 | 77,531 | |
2.50%, 12/1/31 | 32,587 | 29,895 | |
2.50%, 2/1/41 | 73,094 | 62,877 | |
2.00%, 4/1/41 | 154,867 | 130,768 | |
2.00%, 5/1/41 | 173,996 | 146,926 | |
2.00%, 7/1/41 | 331,243 | 279,720 | |
2.00%, 10/1/41 | 158,712 | 133,340 | |
2.00%, 10/1/41 | 142,111 | 119,433 | |
1.50%, 11/1/41 | 352,242 | 281,928 | |
3.00%, 7/1/43 | 29,860 | 26,493 | |
4.00%, 11/1/43 | 11,567 | 11,210 | |
3.00%, 1/1/46 | 761,355 | 662,944 | |
4.00%, 1/1/46 | 154,946 | 146,847 | |
4.00%, 2/1/46 | 168,367 | 159,564 | |
3.00%, 10/1/46 | 789,900 | 689,530 | |
3.50%, 4/1/50 | 617,490 | 559,713 | |
2.50%, 7/1/50 | 346,097 | 291,574 | |
3.00%, 7/1/50 | 307,562 | 268,874 | |
2.00%, 4/1/51 | 188,587 | 152,756 | |
2.50%, 5/1/51 | 1,523,055 | 1,284,677 | |
3.50%, 7/1/51 | 1,026,763 | 941,578 | |
2.50%, 8/1/51 | 1,050,205 | 891,496 | |
2.00%, 9/1/51 | 756,362 | 617,860 | |
3.00%, 10/1/51 | 678,729 | 595,268 | |
2.50%, 11/1/51 | 721,067 | 613,180 | |
2.50%, 12/1/51 | 387,118 | 324,993 | |
Federal National Mortgage Association | |||
2.50%, 10/1/37(c) | 375,000 | 338,906 | |
3.50%, 10/1/37(c) | 125,000 | 117,988 | |
2.00%, 10/1/52(c) | 4,930,000 | 3,988,678 | |
2.50%, 10/1/52(c) | 1,798,000 | 1,508,635 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Federal National Mortgage Association (continued) | |||
3.50%, 10/1/52(c) | $725,000 | $652,160 | |
4.00%, 10/1/52(c) | 1,075,000 | 996,727 | |
4.50%, 10/1/52(c) | 5,825,000 | 5,546,492 | |
5.00%, 10/1/52(c) | 1,200,000 | 1,168,500 | |
Freddie Mac Pool | |||
2.50%, 7/1/41 | 235,448 | 202,510 | |
2.00%, 11/1/41 | 274,289 | 230,336 | |
2.50%, 2/1/42 | 531,278 | 450,009 | |
2.50%, 1/1/51 | 278,822 | 235,916 | |
2.00%, 3/1/51 | 612,265 | 496,787 | |
2.00%, 5/1/51 | 139,773 | 113,181 | |
3.00%, 10/1/51 | 568,596 | 501,941 | |
2.50%, 12/1/51 | 386,455 | 324,569 | |
2.00%, 4/1/52 | 1,379,625 | 1,121,402 | |
27,563,188 | |||
Government National Mortgage Association - 1.8% | |||
Ginnie Mae | |||
2.00%, 10/20/52(c) | 1,175,000 | 978,004 | |
2.50%, 10/20/52(c) | 1,837,000 | 1,575,514 | |
3.00%, 10/20/52(c) | 1,400,000 | 1,235,938 | |
3.50%, 10/20/52(c) | 1,175,000 | 1,066,863 | |
4.00%, 10/20/52(c) | 1,135,000 | 1,058,742 | |
4.50%, 10/20/52(c) | 350,000 | 334,797 | |
Ginnie Mae II Pool | |||
3.00%, 12/20/42 | 15,236 | 13,826 | |
4.00%, 12/20/44 | 5,292 | 5,075 | |
4.00%, 8/20/48 | 13,921 | �� | 13,136 |
4.00%, 10/20/48 | 13,522 | 12,758 | |
Government National Mortgage Association | |||
3.50%, 7/20/43 | 16,215 | 15,150 | |
4.00%, 9/20/48 | 31,152 | 29,394 | |
6,339,197 | |||
Total Agency Mortgage Backed Securities | |||
(Cost - $37,132,023) | 34,633,485 | ||
Asset Backed and Commercial Backed Securities - 2.9% | |||
Affirm Asset Securitization Trust 2020-Z1, 1.07%, 8/15/25 (a) | 80,244 | 77,890 | |
Affirm Asset Securitization Trust 2021-A, 0.88%, 8/15/25 (a) | 99,106 | 98,496 | |
Affirm Asset Securitization Trust 2021-B, 1.03%, 8/17/26 (a) | 195,000 | 186,279 | |
Angel Oak Mortgage Trust 2019-6, 2.62%, 11/25/59 (a),(d) | 17,098 | 16,603 | |
Angel Oak Mortgage Trust I LLC 2019-2, 3.63%, 3/25/49 (a),(d) | 338 | 338 |
Shares/ Principal | Fair Value | ||
Asset Backed and Commercial Backed Securities (continued) | |||
Arbor Multifamily Mortgage Securities Trust 2021-MF3, 2.57%, 10/15/54 (a) | $300,000 | $241,792 | |
Banc of America Commercial Mortgage Trust 2015-UBS7, 3.71%, 9/15/48 | 155,000 | 146,509 | |
Bayview Koitere Fund Trust 2017-RT4, 3.50%, 7/28/57 (a),(d) | 71,931 | 72,566 | |
BFLD Trust 2020-OBRK, 4.87%, (1 Month US Libor + 2.05%), 11/15/28 (a),(b) | 180,000 | 174,094 | |
BX Trust 2021-ARIA, 4.12%, (1 Month US Libor + 1.30%), 10/15/36 (a),(b) | 360,000 | 335,728 | |
BX Trust 2021-LGCY, 3.32%, (1 Month US Libor + 0.51%), 10/15/23 (a),(b) | 815,000 | 771,886 | |
BXHPP Trust 2021-FILM | |||
3.47%, (1 Month US Libor + 0.65%), 8/15/36(a),(b) | 185,000 | 171,078 | |
3.72%, (1 Month US Libor + 0.90%), 8/15/36(a),(b) | 155,000 | 144,203 | |
Castlelake Aircraft Structured Trust 2019-1, 3.97%, 4/15/39 (a) | 153,630 | 132,520 | |
CF Hippolyta Issuer LLC, 1.53%, 3/15/61 (a) | 96,451 | 83,334 | |
CFMT 2021-AL1 LLC, 1.39%, 9/22/31 (a) | 470,820 | 445,124 | |
Citigroup Commercial Mortgage Trust 2019-SMRT, 4.15%, 1/10/36 (a) | 100,000 | 97,651 | |
COMM 2013-CCRE8 Mortgage Trust, 3.33%, 6/10/46 | 11,187 | 11,076 | |
Connecticut Avenue Security Trust 2021-R01, 3.83%, (SOFR + 1.55%), 10/25/41 (a),(b) | 70,000 | 67,804 | |
Credit Suisse First Boston Mortgage Securities Corp., 4.50%, 7/25/20 | 4,734 | 5,052 | |
Fannie Mae Connecticut Avenue Securities, 7.98%, (1 Month US Libor + 4.90%), 11/25/24 (b) | 41,790 | 43,732 | |
Fannie Mae REMICS | |||
3.00%, 4/25/43 | 226,537 | 204,608 | |
3.50%, 6/25/44 | 62,085 | 58,746 | |
3.00%, 1/25/45 | 212,422 | 193,381 | |
3.00%, 1/25/45 | 119,832 | 104,241 | |
3.00%, 12/25/45 | 250,074 | 226,951 | |
1.50%, 10/25/49 | 241,053 | 192,582 | |
3.00%, 12/25/54 | 390,946 | 370,353 | |
Fannie Mae-Aces | |||
2.77%, (1 Month US Libor + 0.40%), 10/25/24(b) | 17,503 | 17,467 | |
2.39%, 10/25/36(d) | 383,390 | 300,319 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Asset Backed and Commercial Backed Securities (continued) | |||
Flagstar Mortgage Trust 2018-3, 4.00%, 5/25/48 (a),(d) | $83,204 | $89,475 | |
Flagstar Mortgage Trust 2021-9INV, 2.00%, 9/25/41 (a),(d) | 168,574 | 149,580 | |
Ford Credit Auto Lease Trust 2021-A, 0.78%, 9/15/25 | 130,000 | 126,530 | |
Ford Credit Auto Owner Trust 2021-REV1, 1.61%, 10/17/33 (a) | 100,000 | 88,447 | |
Freddie Mac Multifamily Structured Pass Through Certificates | |||
2.40%, 3/25/32 | 280,000 | 237,092 | |
2.36%, 10/25/36 | 245,000 | 187,007 | |
Freddie Mac Multifamily WI Certificates, 3.71%, 11/25/32 | 104,000 | 96,689 | |
Freddie Mac REMICS | |||
4.00%, 9/15/41 | 202,017 | 193,451 | |
1.75%, 9/15/42 | 278,979 | 252,375 | |
1.50%, 10/15/42 | 22,153 | 19,106 | |
3.00%, 6/15/45 | 285,638 | 264,886 | |
3.00%, 7/15/47 | 190,178 | 172,699 | |
4.00%, 7/15/48 | 142,196 | 132,153 | |
2.00%, 7/25/50 | 461,839 | 400,369 | |
Freddie Mac STACR REMIC Trust 2020-DNA5, 5.08%, (SOFR + 2.80%), 10/25/50 (a),(b) | 115,032 | 116,054 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, 3.08%, (SOFR + 0.80%), 8/25/33 (a),(b) | 28,579 | 28,480 | |
Government National Mortgage Association | |||
2.96%, (1 Month US Libor + 0.60%), 5/20/65(b) | 46,186 | 45,802 | |
2.98%, (1 Month US Libor + 0.62%), 8/20/65(b) | 53,093 | 52,724 | |
3.06%, (1 Month US Libor + 0.70%), 10/20/65(b) | 103 | 101 | |
3.36%, (1 Month US Libor + 1.00%), 12/20/65(b) | 47,525 | 47,244 | |
GSR Mortgage Loan Trust 2005-AR6, 3.23%, 9/25/35 (d) | 4,194 | 4,297 | |
Home Partners of America Trust 2021-2, 2.30%, 12/17/26 (a) | 331,612 | 290,995 | |
Horizon Aircraft Finance III Ltd., 3.43%, 11/15/39 (a) | 223,508 | 185,397 | |
Life 2021-BMR Mortgage Trust, 3.52%, (1 Month US Libor + 0.70%), 3/15/38 (a),(b) | 98,297 | 94,471 | |
Mercury Financial Credit Card Master Trust, 1.54%, 3/20/26 (a) | 135,000 | 127,863 |
Shares/ Principal | Fair Value | ||
Asset Backed and Commercial Backed Securities (continued) | |||
METLIFE SECURITIZATION TRUST, 3.00%, 4/25/55 (a),(d) | $52,242 | $50,873 | |
Mill City Mortgage Loan Trust 2017-3, 2.75%, 1/25/61 (a),(d) | 32,526 | 32,588 | |
New Economy Assets Phase 1 Sponsor, LLC, 2.41%, 10/20/61 (a) | 120,000 | 100,306 | |
New Residential Mortgage Loan Trust 2019-RPL3, 2.75%, 7/25/59 (a),(d) | 53,191 | 51,637 | |
SCF Equipment Leasing 2021-1 LLC, 0.83%, 8/21/28 (a) | 455,000 | 433,982 | |
Seasoned Credit Risk Transfer Trust Series 2019-3, 3.50%, 10/25/58 | 106,795 | 103,057 | |
Seasoned Credit Risk Transfer Trust Series 2021-1, 2.50%, 9/25/60 | 591,821 | 533,571 | |
SFAVE Commercial Mortgage Securities Trust 2015-5AVE, 4.14%, 1/5/43 (a),(d) | 100,000 | 74,834 | |
SoFi Consumer Loan Program 2021-1 Trust, 0.49%, 9/25/30 (a) | 52,148 | 50,851 | |
SREIT Trust 2021-MFP, 3.90%, (1 Month US Libor + 1.08%), 11/15/38 (a),(b) | 415,000 | 392,415 | |
Structured Adjustable Rate Mortgage Loan Trust | |||
3.62%, 2/25/34(d) | 2,646 | 2,609 | |
3.81%, 9/25/34(d) | 2,329 | 2,225 | |
Structured Adjustable Rate Mortgage Loan Trust Series 2005-19XS, 3.38%, (1 Month US Libor + 0.30%), 10/25/ (b) | 320 | 318 | |
Towd Point Mortgage Trust 2017-2, 2.75%, 4/25/57 (a),(d) | 7,889 | 7,880 | |
Towd Point Mortgage Trust 2017-4, 2.75%, 6/25/57 (a),(d) | 58,358 | 57,269 | |
Towd Point Mortgage Trust 2018-1, 3.00%, 1/25/58 (a),(d) | 23,314 | 23,090 | |
Wells Fargo Commercial Mortgage Trust 2015-NXS1, 3.15%, 5/15/48 | 250,000 | 238,545 | |
Total Asset Backed and Commercial Backed Securities | |||
(Cost - $11,523,289) | 10,551,740 | ||
Municipal Bonds - 0.7% | |||
Chicago O'Hare International Airport, 6.40%, 1/1/40 | 30,000 | 33,806 | |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue, 6.90%, 12/1/40 | 80,000 | 90,540 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Shares/ Principal | Fair Value | ||
Municipal Bonds (continued) | |||
Chicago Transit Authority Sales Tax Receipts Fund, 1.84%, 12/1/23 | $100,000 | $97,189 | |
County of Sacramento CA, 5.73%, 8/15/23 | 91,896 | 92,836 | |
Dallas Fort Worth International Airport | |||
4.09%, 11/1/51 | 15,000 | 12,386 | |
4.51%, 11/1/51 | 85,000 | 74,154 | |
Foothill-Eastern Transportation Corridor Agency, 4.09%, 1/15/49 | 15,000 | 11,004 | |
Golden State Tobacco Securitization Corp. | |||
2.75%, 6/1/34 | 10,000 | 7,858 | |
3.29%, 6/1/42 | 20,000 | 14,333 | |
3.00%, 6/1/46 | 40,000 | 34,598 | |
Illinois Municipal Electric Agency, 6.83%, 2/1/35 | 195,000 | 213,517 | |
Kansas Development Finance Authority, 5.37%, 5/1/26 | 75,000 | 75,547 | |
Metropolitan Transportation Authority | |||
6.20%, 11/15/26 | 10,000 | 10,088 | |
6.81%, 11/15/40 | 180,000 | 193,003 | |
5.18%, 11/15/49 | 65,000 | 57,806 | |
Municipal Electric Authority of Georgia, 6.64%, 4/1/57 | 232,000 | 251,333 | |
New Jersey Transportation Trust Fund Authority, 2.55%, 6/15/23 | 30,000 | 29,627 | |
New York State Urban Development Corp., 1.83%, 3/15/29 | 40,000 | 32,878 | |
Philadelphia Authority for Industrial Development, 6.55%, 10/15/28 | 270,000 | 285,819 | |
State of Illinois, 5.10%, 6/1/33 | 1,130,000 | 1,076,393 | |
University of California, 1.61%, 5/15/30 | 20,000 | 15,714 | |
Total Municipal Bonds | |||
(Cost - $3,055,890) | 2,710,429 | ||
Sovereign Debts - 0.1% | |||
Qatar Government International Bond, 3.38%, 3/14/24 (a) | 200,000 | 195,750 | |
Saudi Government International Bond, 2.88%, 3/4/23 (a) | 330,000 | 327,261 | |
Total Sovereign Debts | |||
(Cost - $533,187) | 523,011 | ||
Short-Term Investments - 12.1% | |||
Money Market Funds - 12.0% | |||
Dreyfus Government Cash Management, 2.75%(e) | 18,425,803 | 18,425,803 | |
Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 2.74%(e) | 25,184,853 | 25,184,853 |
Shares/ Principal | Fair Value | ||
$43,610,656 | |||
Total Money Market Funds (Cost - $43,610,656) | |||
U.S. Treasury Securities - 0.1% | |||
United States Treasury Bill, 0.00%, 3/23/23 (Cost - $109,138)(f) | 110,000 | 108,086 | |
Total Short-Term Investments (Cost - $43,719,794) | 43,718,742 | ||
Total Investments - 103.4% | |||
(Cost - $343,341,760) | $374,926,785 | ||
Other Assets Less Liabilities - Net (3.4)% | (12,334,171) | ||
Total Net Assets - 100.0% | $362,592,614 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
* | Non-income producing security. |
† | Represents less than 0.05%. |
†† | A portion of this investment is held as collateral for derivative investments. |
(a) | 144A - Security was purchased pursuant to Rule 144a under the Securities Act of 1933 and may not be resold subject to that rule, except to qualified institutional buyers. As of September 30, 2022, these securities amounted to $20,135,938 or 5.6% of net assets. |
(b) | Variable rate security. The rate shown is the rate in effect at period end. |
(c) | When-issued, or delayed delivery. All or a portion may be subject to dollar-roll transactions. |
(d) | Adjustable rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions. The coupon rate shown represents the rate at period end. |
(e) | The rate shown is the annualized seven-day yield at period end. |
(f) | Rate shown represents discount rate at the time of purchase. |
ADR | - | American Depositary Receipt |
CMT | - | Treasury Constant Maturity Rate |
Libor | - | London Interbank Offer Rate |
PLC | - | Public Limited Company |
REMIC | - | Real Estate Mortgage Investment Conduit |
SOFR | - | Secured Overnight Financing Rate |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2022
Futures Contracts | |||||||||||
Counterparty | Number of Contracts | Expiration Date | Notional Value | Fair Value/Unrealized Appreciation (Depreciation) | |||||||
Long Futures Contracts | |||||||||||
U.S. 10 Year Ultra Future | JP Morgan Chase Bank | 1 | 12/20/2022 | $118,484 | $297 | ||||||
U.S. 2 Year Note Future | JP Morgan Chase Bank | 18 | 12/30/2022 | 3,697,031 | (59,932) | ||||||
U.S. 5 Year Note Future | JP Morgan Chase Bank | 25 | 12/30/2022 | 2,687,695 | (42,969) | ||||||
(102,604) | |||||||||||
Short Futures Contracts | |||||||||||
E-Mini Russell 2000 Future | Goldman Sachs & Co. | 159 | 12/16/2022 | 13,274,910 | 1,143,480 | ||||||
S&P 500 E-Mini Future | Goldman Sachs & Co. | 632 | 12/16/2022 | 113,807,400 | 10,933,667 | ||||||
S&P MID 400 E-Mini Future | Goldman Sachs & Co. | 45 | 12/16/2022 | 9,936,900 | 904,090 | ||||||
U.S. 10 Year Note Future | JP Morgan Chase Bank | 2 | 12/20/2022 | 224,125 | (656) | ||||||
12,980,581 | |||||||||||
TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $12,877,977 |