Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited)
September 30, 2023
Shares/ Principal | Fair Value | |||
Common Stocks - 61.9% | ||||
Aerospace & Defense - 1.2% | ||||
Boeing Co. (The) * | 4,354 | $834,575 | ||
General Dynamics Corp. | 5,933 | 1,311,015 | ||
Lockheed Martin Corp. | 2,408 | 984,775 | ||
RTX Corp. | 12,166 | 875,587 | ||
4,005,952 | ||||
Air Freight & Logistics - 0.2% | ||||
C.H. Robinson Worldwide, Inc. | 7,481 | 644,338 | ||
Automobiles - 0.2% | ||||
Ford Motor Co. | 15,951 | 198,111 | ||
Tesla, Inc. * | 2,253 | 563,746 | ||
761,857 | ||||
Banks - 1.6% | ||||
JPMorgan Chase & Co. | 26,435 | 3,833,604 | ||
Wells Fargo & Co. | 29,808 | 1,217,955 | ||
5,051,559 | ||||
Beverages - 1.4% | ||||
Constellation Brands, Inc., Class A | 8,135 | 2,044,570 | ||
Monster Beverage Corp. * | 49,996 | 2,647,288 | ||
4,691,858 | ||||
Biotechnology - 1.0% | ||||
Alnylam Pharmaceuticals, Inc. * | 475 | 84,122 | ||
Apellis Pharmaceuticals, Inc. * | 1,358 | 51,658 | ||
Ascendis Pharma A/S, ADR * | 1,027 | 96,168 | ||
Biogen, Inc. * | 1,281 | 329,230 | ||
Bridgebio Pharma, Inc. * | 2,134 | 56,274 | ||
Celldex Therapeutics, Inc. * | 2,107 | 57,985 | ||
Crinetics Pharmaceuticals, Inc. * | 2,127 | 63,257 | ||
Cytokinetics, Inc. * | 5,840 | 172,046 | ||
Genmab A/S, ADR * | 2,656 | 93,677 | ||
Gilead Sciences, Inc. | 2,873 | 215,303 | ||
Immunocore Holdings PLC, ADR * | 1,409 | 73,127 | ||
ImmunoGen, Inc. * | 5,107 | 81,048 | ||
Karuna Therapeutics, Inc. * | 921 | 155,732 | ||
Moderna, Inc. * | 982 | 101,431 | ||
Prothena Corp. PLC * | 676 | 32,617 | ||
PTC Therapeutics, Inc. * | 1,581 | 35,430 | ||
Regeneron Pharmaceuticals, Inc. * | 606 | 498,714 | ||
REVOLUTION Medicines, Inc. * | 3,121 | 86,389 | ||
Roivant Sciences Ltd. * | 5,232 | 61,110 | ||
Sage Therapeutics, Inc. * | 4,040 | 83,143 | ||
Sarepta Therapeutics, Inc. * | 631 | 76,490 | ||
United Therapeutics Corp. * | 396 | 89,445 | ||
Vaxcyte, Inc. * | 1,190 | 60,666 | ||
Vertex Pharmaceuticals, Inc. * | 2,028 | 705,217 | ||
3,360,279 | ||||
Broadline Retail - 3.2% | ||||
Amazon.com, Inc. * | 80,476 | 10,230,109 | ||
Building Products - 0.6% | ||||
AZEK Co., Inc. (The) * | 12,510 | 372,048 |
Shares/ Principal | Fair Value | |||
Building Products (continued) | ||||
Builders FirstSource, Inc. * | 4,064 | $505,927 | ||
Fortune Brands Innovations, Inc. | 5,150 | 320,124 | ||
Johnson Controls International PLC | 3,951 | 210,233 | ||
Trane Technologies PLC | 2,187 | 443,764 | ||
Zurn Elkay Water Solutions Corp. | 4,953 | 138,783 | ||
1,990,879 | ||||
Capital Markets - 1.9% | ||||
Ares Management Corp., Class A | 27,080 | 2,785,720 | ||
KKR & Co., Inc. | 10,542 | 649,387 | ||
S&P Global, Inc. | 5,833 | 2,131,436 | ||
Tradeweb Markets, Inc., Class A | 6,625 | 531,325 | ||
6,097,868 | ||||
Chemicals - 1.6% | ||||
Cabot Corp. | 11,940 | 827,084 | ||
Celanese Corp. | 4,930 | 618,814 | ||
FMC Corp. | 8,233 | 551,364 | ||
Ingevity Corp. * | 5,189 | 247,048 | ||
Linde PLC | 4,702 | 1,750,790 | ||
Livent Corp. * | 9,723 | 179,000 | ||
PPG Industries, Inc. | 6,750 | 876,150 | ||
5,050,250 | ||||
Commercial Services & Supplies - 0.4% | ||||
Clean Harbors, Inc. * | 3,488 | 583,751 | ||
Waste Connections, Inc. | 4,836 | 649,475 | ||
1,233,226 | ||||
Construction & Engineering - 0.2% | ||||
Fluor Corp. * | 18,592 | 682,326 | ||
Consumer Finance - 0.3% | ||||
American Express Co. | 7,316 | 1,091,474 | ||
Consumer Staples Distribution & Retail - 0.4% | ||||
Performance Food Group Co. * | 22,732 | 1,338,005 | ||
Containers & Packaging - 0.1% | ||||
Ball Corp. | 4,684 | 233,169 | ||
Electric Utilities - 1.4% | ||||
Edison International | 14,670 | 928,464 | ||
Exelon Corp. | 24,960 | 943,239 | ||
NextEra Energy, Inc. | 20,228 | 1,158,862 | ||
PG&E Corp. * | 84,499 | 1,362,969 | ||
4,393,534 | ||||
Electrical Equipment - 0.2% | ||||
AMETEK, Inc. | 1,708 | 252,374 | ||
Emerson Electric Co. | 2,971 | 286,910 | ||
539,284 | ||||
Energy Equipment & Services - 0.3% | ||||
Schlumberger NV | 17,721 | 1,033,134 | ||
Entertainment - 0.9% | ||||
Roku, Inc. * | 10,962 | 773,808 | ||
Spotify Technology SA * | 8,142 | 1,259,079 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
Entertainment (continued) | ||||
Walt Disney Co. (The) * | 10,784 | $874,043 | ||
2,906,930 | ||||
Financial Services - 3.1% | ||||
Berkshire Hathaway, Inc., Class B * | 13,551 | 4,746,915 | ||
Block, Inc. * | 20,839 | 922,334 | ||
FleetCor Technologies, Inc. * | 2,794 | 713,420 | ||
Global Payments, Inc. | 8,074 | 931,659 | ||
PayPal Holdings, Inc. * | 6,736 | 393,787 | ||
Visa, Inc., Class A | 5,627 | 1,294,266 | ||
WEX, Inc. * | 5,650 | 1,062,709 | ||
10,065,090 | ||||
Food Products - 0.1% | ||||
Lamb Weston Holdings, Inc. | 5,349 | 494,569 | ||
Gas Utilities - 0.3% | ||||
Atmos Energy Corp. | 8,053 | 853,054 | ||
Ground Transportation - 0.9% | ||||
Knight-Swift Transportation Holdings, Inc. | 17,432 | 874,215 | ||
Uber Technologies, Inc. * | 41,010 | 1,886,050 | ||
2,760,265 | ||||
Health Care Equipment & Supplies - 1.4% | ||||
Abbott Laboratories | 10,947 | 1,060,217 | ||
Boston Scientific Corp. * | 22,553 | 1,190,799 | ||
Dexcom, Inc. * | 7,228 | 674,372 | ||
Edwards Lifesciences Corp. * | 12,139 | 840,990 | ||
Insulet Corp. * | 2,947 | 470,017 | ||
Stryker Corp. | 1,608 | 439,418 | ||
4,675,813 | ||||
Health Care Providers & Services - 2.4% | ||||
agilon health, Inc. * | 28,206 | 500,939 | ||
Cencora, Inc. | 6,751 | 1,214,977 | ||
Centene Corp. * | 9,796 | 674,749 | ||
Elevance Health, Inc. | 1,867 | 812,929 | ||
HCA Healthcare, Inc. | 3,404 | 837,316 | ||
Humana, Inc. | 2,612 | 1,270,790 | ||
Molina Healthcare, Inc. * | 3,371 | 1,105,317 | ||
UnitedHealth Group, Inc. | 2,380 | 1,199,972 | ||
7,616,989 | ||||
Health Care REITs - 0.3% | ||||
Welltower, Inc. | 11,518 | 943,555 | ||
Health Care Technology - 0.1% | ||||
Veeva Systems, Inc., Class A * | 1,243 | 252,888 | ||
Hotel & Resort REITs - 0.2% | ||||
Ryman Hospitality Properties, Inc. | 9,648 | 803,485 | ||
Hotels, Restaurants & Leisure - 1.4% | ||||
Airbnb, Inc., Class A * | 14,674 | 2,013,420 | ||
Chipotle Mexican Grill, Inc. * | 844 | 1,546,064 | ||
Hyatt Hotels Corp., Class A | 9,258 | 982,089 | ||
4,541,573 |
Shares/ Principal | Fair Value | |||
Household Durables - 0.4% | ||||
DR Horton, Inc. | 2,152 | $231,276 | ||
Lennar Corp., Class A | 4,532 | 508,626 | ||
Skyline Champion Corp. * | 7,161 | 456,299 | ||
1,196,201 | ||||
Industrial Conglomerates - 0.2% | ||||
Honeywell International, Inc. | 3,398 | 627,746 | ||
Industrial REITs - 0.2% | ||||
EastGroup Properties, Inc. | 4,538 | 755,713 | ||
Insurance - 1.7% | ||||
Arch Capital Group Ltd. * | 10,847 | 864,614 | ||
Assured Guaranty Ltd. | 5,582 | 337,823 | ||
Chubb Ltd. | 5,391 | 1,122,298 | ||
Everest Group Ltd. | 1,386 | 515,135 | ||
Marsh & McLennan Cos., Inc. | 6,816 | 1,297,085 | ||
Progressive Corp. (The) | 6,663 | 928,156 | ||
Trupanion, Inc. * | 17,418 | 491,187 | ||
5,556,298 | ||||
Interactive Media & Services - 5.9% | ||||
Alphabet, Inc., Class A * | 91,861 | 12,020,930 | ||
Bumble, Inc., Class A * | 55,990 | 835,371 | ||
Meta Platforms, Inc., Class A * | 20,828 | 6,252,774 | ||
19,109,075 | ||||
IT Services - 1.1% | ||||
Shopify, Inc., Class A * | 32,277 | 1,761,356 | ||
Snowflake, Inc., Class A * | 1,825 | 278,805 | ||
Squarespace, Inc., Class A * | 26,872 | 778,482 | ||
VeriSign, Inc. * | 3,113 | 630,476 | ||
3,449,119 | ||||
Life Sciences Tools & Services - 1.2% | ||||
Agilent Technologies, Inc. | 6,464 | 722,805 | ||
Danaher Corp. | 7,492 | 1,858,765 | ||
ICON PLC * | 3,614 | 889,948 | ||
Illumina, Inc. * | 3,430 | 470,870 | ||
3,942,388 | ||||
Machinery - 0.7% | ||||
Caterpillar, Inc. | 459 | 125,307 | ||
Flowserve Corp. | 12,844 | 510,806 | ||
Fortive Corp. | 7,189 | 533,136 | ||
Ingersoll Rand, Inc. | 4,214 | 268,516 | ||
Middleby Corp. (The) * | 3,751 | 480,128 | ||
Westinghouse Air Brake Technologies Corp. | 2,847 | 302,551 | ||
2,220,444 | ||||
Media - 0.5% | ||||
New York Times Co. (The), Class A | 18,134 | 747,121 | ||
Omnicom Group, Inc. | 11,784 | 877,672 | ||
1,624,793 | ||||
Oil, Gas & Consumable Fuels - 3.1% | ||||
BP PLC, ADR | 70,811 | 2,741,802 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
Oil, Gas & Consumable Fuels (continued) | ||||
ConocoPhillips | 13,405 | $1,605,919 | ||
EOG Resources, Inc. | 4,955 | 628,096 | ||
EQT Corp. | 12,100 | 491,018 | ||
Marathon Petroleum Corp. | 8,120 | 1,228,881 | ||
Shell PLC, ADR | 40,327 | 2,596,252 | ||
Targa Resources Corp. | 7,752 | 664,501 | ||
9,956,469 | ||||
Passenger Airlines - 0.2% | ||||
Delta Air Lines, Inc. | 13,697 | 506,789 | ||
Personal Care Products - 0.2% | ||||
Haleon PLC, ADR | 69,500 | 578,935 | ||
Pharmaceuticals - 3.3% | ||||
AstraZeneca PLC, ADR | 20,963 | 1,419,614 | ||
Elanco Animal Health, Inc. * | 16,945 | 190,462 | ||
Eli Lilly and Co. | 6,782 | 3,642,816 | ||
GSK PLC, ADR | 11,767 | 426,554 | ||
Merck & Co., Inc. | 21,152 | 2,177,598 | ||
Novartis AG, ADR | 5,589 | 569,296 | ||
Pfizer, Inc. | 47,207 | 1,565,856 | ||
Zoetis, Inc. | 3,627 | 631,025 | ||
10,623,221 | ||||
Professional Services - 0.6% | ||||
Ceridian HCM Holding, Inc. * | 13,102 | 888,971 | ||
Genpact Ltd. | 9,411 | 340,678 | ||
Science Applications International Corp. | 5,773 | 609,282 | ||
TriNet Group, Inc. * | 1,166 | 135,816 | ||
1,974,747 | ||||
Real Estate Management & Development - 0.1% | ||||
CoStar Group, Inc. * | 3,314 | 254,813 | ||
Residential REITs - 0.2% | ||||
AvalonBay Communities, Inc. | 3,378 | 580,138 | ||
Semiconductors & Semiconductor Equipment - 3.9% | ||||
Advanced Micro Devices, Inc. * | 25,374 | 2,608,955 | ||
First Solar, Inc. * | 2,270 | 366,809 | ||
KLA Corp. | 2,626 | 1,204,441 | ||
Marvell Technology, Inc. | 15,739 | 851,952 | ||
Micron Technology, Inc. | 16,634 | 1,131,611 | ||
NVIDIA Corp. | 5,211 | 2,266,733 | ||
ON Semiconductor Corp. * | 10,803 | 1,004,139 | ||
Teradyne, Inc. | 8,151 | 818,850 | ||
Texas Instruments, Inc. | 14,524 | 2,309,461 | ||
12,562,951 | ||||
Software - 6.2% | ||||
Aurora Innovation, Inc. * | 39,831 | 93,603 | ||
HashiCorp, Inc., Class A * | 10,226 | 233,460 | ||
HubSpot, Inc. * | 1,093 | 538,302 |
Shares/ Principal | Fair Value | |||
Software (continued) | ||||
Klaviyo, Inc., Class A * | 1,000 | $34,500 | ||
Microsoft Corp. | 44,450 | 14,035,088 | ||
Palo Alto Networks, Inc. * | 2,221 | 520,691 | ||
Salesforce, Inc. * | 7,221 | 1,464,274 | ||
ServiceNow, Inc. * | 2,496 | 1,395,164 | ||
Synopsys, Inc. * | 1,806 | 828,900 | ||
Workday, Inc., Class A * | 3,321 | 713,517 | ||
19,857,499 | ||||
Specialty Retail - 1.5% | ||||
AutoZone, Inc. * | 754 | 1,915,153 | ||
TJX Cos., Inc. (The) | 34,230 | 3,042,362 | ||
4,957,515 | ||||
Technology Hardware, Storage & Peripherals -1.7% | ||||
Apple, Inc. | 31,174 | 5,337,301 | ||
Tobacco - 1.0% | ||||
Philip Morris International, Inc. | 36,124 | 3,344,360 | ||
Trading Companies & Distributors - 0.0%† | ||||
WESCO International, Inc. | 1,184 | 170,283 | ||
Wireless Telecommunication Services - 0.7% | ||||
T-Mobile US, Inc. * | 15,765 | 2,207,888 | ||
Total Common Stocks | ||||
(Cost - $131,500,231) | 199,737,998 | |||
U.S. Treasury Securities and Agency Bonds - 13.7% | ||||
U.S. Treasury Bond | ||||
3.25%, 5/15/42 | $45,000 | 35,833 | ||
3.38%, 8/15/42 | 1,081,500 | 875,719 | ||
4.00%, 11/15/42 | 853,300 | 756,870 | ||
3.88%, 2/15/43 | 436,000 | 379,116 | ||
3.88%, 5/15/43 | 1,126,500 | 978,647 | ||
4.38%, 8/15/43 | 300,000 | 279,703 | ||
3.00%, 11/15/44 | 610,000 | 454,927 | ||
2.50%, 2/15/45 | 2,620,000 | 1,777,609 | ||
2.88%, 8/15/45 | 545,000 | 394,465 | ||
2.50%, 5/15/46 | 805,000 | 538,595 | ||
3.00%, 5/15/47 | 355,900 | 260,780 | ||
2.75%, 8/15/47 | 320,000 | 223,062 | ||
2.88%, 5/15/52 | 1,311,700 | 928,899 | ||
4.00%, 11/15/52 | 1,605,700 | 1,421,672 | ||
3.63%, 2/15/53 | 1,231,500 | 1,017,334 | ||
3.63%, 5/15/53 | 1,455,900 | 1,204,075 | ||
4.13%, 8/15/53 | 556,800 | 504,861 | ||
U.S. Treasury Note | ||||
4.50%, 11/30/24 | 990,000 | 980,061 | ||
1.00%, 12/15/24 | 85,000 | 80,720 | ||
4.25%, 12/31/24 | 846,000 | 834,632 | ||
1.13%, 1/15/25 | 930,000 | 881,684 | ||
1.50%, 2/15/25 | 350,000 | 332,473 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
U.S. Treasury Securities and Agency Bonds (continued) | ||||
3.88%, 3/31/25 | $676,000 | $662,612 | ||
2.63%, 4/15/25 | 495,000 | 476,089 | ||
3.88%, 4/30/25 | 725,000 | 710,132 | ||
4.25%, 5/31/25 | 3,000,000 | 2,955,469 | ||
4.63%, 6/30/25 | 905,000 | 897,293 | ||
4.75%, 7/31/25 | 655,000 | 650,676 | ||
5.00%, 8/31/25 | 645,400 | 644,139 | ||
4.00%, 2/15/26 | 231,000 | 226,118 | ||
4.63%, 3/15/26 | 43,000 | 42,703 | ||
4.38%, 8/15/26 | 1,534,700 | 1,515,636 | ||
0.75%, 8/31/26 | 505,000 | 449,746 | ||
4.63%, 9/15/26 | 310,000 | 308,523 | ||
1.13%, 10/31/26 | 420,000 | 376,359 | ||
1.25%, 11/30/26 | 140,000 | 125,628 | ||
1.25%, 12/31/26 | 2,335,000 | 2,091,832 | ||
2.50%, 3/31/27†† | 1,060,000 | 984,723 | ||
2.75%, 4/30/27 | 155,000 | 144,961 | ||
2.63%, 5/31/27 | 144,000 | 133,875 | ||
3.25%, 6/30/27 | 295,000 | 280,331 | ||
3.13%, 8/31/27 | 260,600 | 245,992 | ||
4.13%, 9/30/27 | 1,122,100 | 1,098,957 | ||
4.13%, 10/31/27 | 908,300 | 888,928 | ||
3.88%, 11/30/27 | 192,200 | 186,344 | ||
3.88%, 12/31/27 | 313,600 | 303,984 | ||
3.50%, 1/31/28 | 735,200 | 701,743 | ||
4.00%, 2/29/28 | 798,100 | 777,617 | ||
1.25%, 3/31/28 | 44,000 | 37,984 | ||
3.63%, 3/31/28 | 746,000 | 715,315 | ||
3.50%, 4/30/28 | 205,000 | 195,431 | ||
3.63%, 5/31/28 | 218,000 | 208,990 | ||
4.00%, 6/30/28 | 758,600 | 738,509 | ||
4.13%, 7/31/28 | 2,708,200 | 2,650,228 | ||
4.38%, 8/31/28 | 2,185,200 | 2,163,860 | ||
4.63%, 9/30/28 | 1,119,000 | 1,119,962 | ||
1.50%, 11/30/28 | 195,000 | 167,129 | ||
2.38%, 3/31/29 | 53,000 | 47,191 | ||
2.63%, 7/31/29 | 125,000 | 112,173 | ||
4.00%, 10/31/29 | 318,000 | 307,069 | ||
3.88%, 11/30/29 | 171,000 | 163,926 | ||
3.88%, 12/31/29 | 196,300 | 188,072 | ||
3.50%, 4/30/30 | 112,000 | 104,842 | ||
3.75%, 5/31/30 | 129,000 | 122,505 | ||
3.75%, 6/30/30 | 589,000 | 559,159 | ||
4.00%, 7/31/30 | 101,200 | 97,500 | ||
4.13%, 8/31/30 | 366,800 | 356,082 | ||
3.88%, 8/15/33 | 1,155,000 | 1,091,655 | ||
Total U.S. Treasury Securities and Agency Bonds | ||||
(Cost - $47,689,174) | 44,169,729 |
Shares/ Principal | Fair Value | |||
Agency Mortgage Backed Securities - 8.2% | ||||
Federal Home Loan Mortgage Corporation - 2.6% | ||||
Freddie Mac Gold Pool | ||||
3.00%, 9/1/28 | $2,063 | $1,917 | ||
2.50%, 10/1/28 | 4,133 | 3,832 | ||
2.50%, 12/1/31 | 26,664 | 23,882 | ||
3.50%, 11/1/34 | 27,810 | 24,870 | ||
3.00%, 2/1/43 | 17,822 | 15,724 | ||
3.50%, 10/1/43 | 8,648 | 7,643 | ||
4.00%, 8/1/44 | 5,252 | 4,799 | ||
3.00%, 11/1/46 | 512,619 | 425,765 | ||
3.00%, 12/1/46 | 133,700 | 111,089 | ||
Freddie Mac Pool | ||||
4.50%, 9/1/37 | 262,453 | 251,505 | ||
4.50%, 1/1/38 | 166,402 | 159,710 | ||
4.50%, 5/1/38 | 35,004 | 33,695 | ||
2.50%, 7/1/41 | 216,015 | 178,007 | ||
2.00%, 11/1/41 | 254,922 | 204,815 | ||
2.50%, 2/1/42 | 491,657 | 405,176 | ||
2.50%, 1/1/51 | 254,970 | 205,141 | ||
2.00%, 2/1/51 | 137,177 | 104,520 | ||
2.00%, 3/1/51 | 577,662 | 440,067 | ||
2.00%, 5/1/51 | 129,140 | 99,583 | ||
2.00%, 5/1/51 | 2,277,660 | 1,744,899 | ||
2.50%, 7/1/51 | 708,030 | 568,488 | ||
3.00%, 10/1/51 | 524,459 | 438,392 | ||
2.00%, 4/1/52 | 1,299,500 | 1,001,355 | ||
4.50%, 8/1/52 | 467,770 | 429,428 | ||
5.00%, 8/1/52 | 225,703 | 213,555 | ||
5.00%, 10/1/52 | 893,709 | 843,654 | ||
5.00%, 1/1/53 | 227,719 | 215,105 | ||
5.00%, 1/1/53 | 118,567 | 111,961 | ||
5.00%, 2/1/53 | 164,472 | 155,305 | ||
5.50%, 2/1/53 | 35,049 | 33,892 | ||
5.00%, 4/1/53 | 111,249 | 105,012 | ||
8,562,786 | ||||
Federal National Mortgage Association - 3.6% | ||||
Fannie Mae Pool | ||||
2.50%, 4/1/28 | 5,826 | 5,533 | ||
3.00%, 10/1/28 | 3,516 | 3,268 | ||
2.50%, 2/1/30 | 11,387 | 10,364 | ||
2.50%, 6/1/30 | 36,767 | 33,455 | ||
2.50%, 10/1/31 | 69,328 | 62,118 | ||
2.50%, 12/1/31 | 28,949 | 25,922 | ||
2.00%, 4/1/36 | 36,349 | 31,433 | ||
2.00%, 6/1/36 | 14,616 | 12,625 | ||
2.00%, 9/1/36 | 37,776 | 32,621 | ||
2.00%, 9/1/36 | 14,233 | 12,270 | ||
2.00%, 3/1/37 | 28,526 | 24,680 | ||
3.50%, 6/1/37 | 118,700 | 109,759 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
Federal National Mortgage Association (continued) | ||||
4.00%, 1/1/38 | $390,108 | $373,362 | ||
4.50%, 1/1/38 | 176,714 | 169,435 | ||
4.50%, 4/1/38 | 367,989 | 354,252 | ||
2.50%, 2/1/41 | 66,156 | 54,528 | ||
2.00%, 4/1/41 | 144,101 | 115,756 | ||
2.00%, 5/1/41 | 160,749 | 129,140 | ||
2.00%, 7/1/41 | 304,581 | 244,702 | ||
2.00%, 10/1/41 | 130,183 | 104,588 | ||
1.50%, 11/1/41 | 327,288 | 249,929 | ||
3.00%, 7/1/43 | 27,107 | 23,024 | ||
4.00%, 11/1/43 | 10,279 | 9,791 | ||
3.00%, 1/1/46 | 107,289 | 91,011 | ||
4.00%, 1/1/46 | 139,273 | 126,767 | ||
4.00%, 2/1/46 | 151,302 | 137,690 | ||
3.00%, 10/1/46 | 697,614 | 593,300 | ||
3.50%, 4/1/50 | 558,875 | 485,539 | ||
2.50%, 7/1/50 | 318,886 | 256,633 | ||
3.00%, 7/1/50 | 276,146 | 231,697 | ||
2.00%, 11/1/50 | 307,599 | 234,939 | ||
2.00%, 12/1/50 | 325,472 | 248,595 | ||
2.00%, 2/1/51 | 74,633 | 57,547 | ||
2.00%, 4/1/51 | 177,719 | 137,030 | ||
2.50%, 5/1/51 | 1,094,427 | 879,227 | ||
3.50%, 7/1/51 | 922,736 | 804,554 | ||
2.50%, 8/1/51 | 967,421 | 780,322 | ||
2.00%, 9/1/51 | 207,067 | 159,727 | ||
3.00%, 10/1/51 | 604,815 | 506,227 | ||
2.50%, 11/1/51 | 660,071 | 542,186 | ||
2.50%, 12/1/51 | 353,846 | 283,717 | ||
2.50%, 1/1/52 | 378,682 | 303,759 | ||
4.50%, 7/1/52 | 467,461 | 429,887 | ||
4.00%, 8/1/52 | 225,418 | 200,775 | ||
4.00%, 9/1/52 | 362,335 | 324,043 | ||
4.50%, 9/1/52 | 404,932 | 371,999 | ||
4.00%, 10/1/52 | 228,258 | 203,481 | ||
5.50%, 10/1/52 | 449,451 | 436,382 | ||
5.50%, 1/1/53 | 214,539 | 207,428 | ||
5.00%, 5/1/53 | 264,105 | 249,332 | ||
Freddie Mac Pool | ||||
2.00%, 5/1/36 | 101,135 | 87,428 | ||
2.00%, 5/1/36 | 19,560 | 16,851 | ||
2.00%, 7/1/36 | 65,450 | 56,513 | ||
11,637,141 | ||||
Government National Mortgage Association - 2.0% | ||||
Ginnie Mae II Pool | ||||
3.00%, 12/20/42 | 13,688 | 11,856 | ||
3.50%, 7/20/43 | 14,549 | 13,035 | ||
4.00%, 12/20/44 | 4,718 | 4,367 |
Shares/ Principal | Fair Value | |||
Government National Mortgage Association (continued) | ||||
4.00%, 8/20/48 | $12,180 | $11,177 | ||
4.00%, 9/20/48 | 27,440 | 25,179 | ||
4.00%, 10/20/48 | 11,870 | 10,892 | ||
3.00%, 11/20/49 | 156,678 | 134,495 | ||
2.00%, 1/20/51 | 197,734 | 156,520 | ||
2.00%, 2/20/51 | 174,119 | 137,907 | ||
2.50%, 3/20/51 | 194,894 | 159,736 | ||
2.00%, 7/20/51 | 228,984 | 181,075 | ||
3.00%, 7/20/51 | 663,020 | 565,279 | ||
2.50%, 8/20/51 | 749,206 | 612,995 | ||
2.50%, 10/20/51 | 443,867 | 363,139 | ||
2.00%, 11/20/51 | 520,610 | 411,555 | ||
3.50%, 1/20/52 | 977,044 | 856,488 | ||
3.00%, 3/20/52 | 512,571 | 434,617 | ||
3.50%, 3/20/52 | 408,496 | 358,217 | ||
4.00%, 4/20/52 | 168,321 | 151,666 | ||
4.00%, 5/20/52 | 479,971 | 432,606 | ||
3.50%, 7/20/52 | 326,209 | 285,964 | ||
4.00%, 8/20/52 | 448,998 | 404,711 | ||
4.50%, 8/20/52 | 337,124 | 310,716 | ||
2.50%, 12/20/52 | 359,411 | 294,046 | ||
6,328,238 | ||||
Total Agency Mortgage Backed Securities | ||||
(Cost - $29,458,900) | 26,528,165 | |||
Corporate Bonds and Notes - 7.8% | ||||
Aerospace & Defense - 0.2% | ||||
Heico Corp., 5.35%, 8/1/33 | 466,000 | 441,573 | ||
Lockheed Martin Corp., 4.85%, 9/15/41 | 50,000 | 43,230 | ||
484,803 | ||||
Agriculture - 0.1% | ||||
Philip Morris International, Inc., 5.13%, 11/17/27 | 170,000 | 166,643 | ||
Airlines - 0.0%† | ||||
United Airlines 2016-1 Class AA Pass-Through Trust, 3.10%, 7/7/28 | 68,340 | 60,998 | ||
United Airlines 2018-1 Class B Pass Through Trust, 4.60%, 3/1/26 | 18,809 | 17,758 | ||
78,756 | ||||
Auto Manufacturers - 0.1% | ||||
Daimler Truck Finance North America LLC, 5.15%, 1/16/26(a) | 150,000 | 148,044 | ||
Banks - 1.8% | ||||
Bank of America Corp. | ||||
1.73%, (SOFR + 0.96%), 7/22/27(b) | 435,000 | 385,549 | ||
3.42%, (3 Month US Libor + 1.30%), 12/20/28(b) | 11,000 | 9,902 | ||
5.82%, (SOFR + 1.57%), 9/15/29(b) | 449,000 | 443,558 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
Banks (continued) | ||||
2.30%, (SOFR + 1.22%), 7/21/32(b) | $45,000 | $34,107 | ||
Bank of New York Mellon Corp. (The), 4.97%, (SOFR + 1.61%), 4/26/34(b) | 486,000 | 449,200 | ||
BNP Paribas SA, 2.82%, (3 Month Term SOFR + 1.37%), 11/19/25(a),(b) | 200,000 | 192,093 | ||
Commonwealth Bank of Australia, 5.07%, 9/14/28(a) | 500,000 | 495,873 | ||
Credit Agricole SA, 6.32%, (SOFR + 1.86%), 10/3/29(a),(b) | 548,000 | 548,262 | ||
Credit Suisse AG, 7.50%, 2/15/28 | 544,000 | 569,149 | ||
Danske Bank A/S | ||||
1.62%, (US 1 Year CMT T-Note + 1.35%), 9/11/26(a),(b) | 435,000 | 396,294 | ||
6.26%, (US 1 Year CMT T-Note + 1.18%), 9/22/26(a),(b) | 310,000 | 310,028 | ||
JPMorgan Chase & Co. | ||||
2.07%, (SOFR + 1.02%), 6/1/29(b) | 10,000 | 8,438 | ||
5.35%, (SOFR + 1.85%), 6/1/34(b) | 353,000 | 335,051 | ||
Manufacturers & Traders Trust Co., 4.70%, 1/27/28 | 301,000 | 278,022 | ||
Morgan Stanley, 5.95%, (US 5 Year CMT T-Note + 2.43%), 1/19/38(b) | 272,000 | 254,297 | ||
Standard Chartered PLC, 0.99%, (US 1 Year CMT T-Note + 0.78%), 1/12/25(a),(b) | 260,000 | 255,697 | ||
UBS AG, 5.65%, 9/11/28 | 315,000 | 310,408 | ||
UBS Group AG, 6.30%, (US 1 Year CMT T-Note + 2.00%), 9/22/34(a),(b) | 200,000 | 195,377 | ||
Wells Fargo & Co. | ||||
3.00%, 2/19/25 | 150,000 | 144,119 | ||
4.90%, (SOFR + 2.10%), 7/25/33(b) | 368,000 | 333,103 | ||
5,948,527 | ||||
Beverages - 0.1% | ||||
Bacardi Ltd. / Bacardi-Martini BV | ||||
5.25%, 1/15/29(a) | 100,000 | 96,744 | ||
5.90%, 6/15/43(a) | 115,000 | 106,219 | ||
202,963 | ||||
Biotechnology - 0.0%† | ||||
Gilead Sciences, Inc., 5.55%, 10/15/53 | 75,000 | 72,030 | ||
Building Materials - 0.0%† | ||||
Trane Technologies Financing Ltd., 5.25%, 3/3/33 | 140,000 | 135,406 | ||
Chemicals - 0.1% | ||||
Celanese US Holdings LLC, 6.35%, 11/15/28 | 235,000 | 232,320 | ||
Commercial Services - 0.3% | ||||
Ashtead Capital, Inc. | ||||
5.50%, 8/11/32(a) | 200,000 | 184,875 | ||
5.95%, 10/15/33(a) | 200,000 | 189,932 |
Shares/ Principal | Fair Value | |||
Commercial Services (continued) | ||||
ERAC USA Finance LLC | ||||
4.90%, 5/1/33(a) | $374,000 | $352,168 | ||
5.40%, 5/1/53(a) | 138,000 | 127,422 | ||
854,397 | ||||
Diversified Financial Services - 0.5% | ||||
American Express Co., 5.04%, (SOFR + 1.84%), 5/1/34(b) | 767,000 | 707,416 | ||
Capital One Financial Corp. | ||||
6.31%, (SOFR + 2.64%), 6/8/29(b) | 195,000 | 190,631 | ||
6.38%, (SOFR + 2.86%), 6/8/34(b) | 693,000 | 654,262 | ||
Nasdaq, Inc. | ||||
5.95%, 8/15/53 | 35,000 | 32,755 | ||
6.10%, 6/28/63 | 35,000 | 32,553 | ||
1,617,617 | ||||
Electric - 1.2% | ||||
Alabama Power Co., 1.45%, 9/15/30 | 30,000 | 22,917 | ||
Appalachian Power Co., 3.40%, 6/1/25 | 200,000 | 191,782 | ||
Arizona Public Service Co. | ||||
4.35%, 11/15/45 | 190,000 | 142,580 | ||
3.75%, 5/15/46 | 20,000 | 13,644 | ||
4.25%, 3/1/49 | 45,000 | 32,489 | ||
Dominion Energy South Carolina, Inc., 6.63%, 2/1/32 | 80,000 | 84,565 | ||
Dominion Energy, Inc. | ||||
3.38%, 4/1/30 | 5,000 | 4,302 | ||
4.35%, (US 5 Year CMT T-Note + 3.20%), 4/15/72(b) | 378,000 | 326,382 | ||
Duke Energy Corp. | ||||
3.75%, 4/15/24 | 225,000 | 222,221 | ||
2.65%, 9/1/26 | 70,000 | 64,420 | ||
Georgia Power Co. | ||||
4.70%, 5/15/32 | 918,000 | 851,296 | ||
4.75%, 9/1/40 | 65,000 | 55,184 | ||
Metropolitan Edison Co., 5.20%, 4/1/28(a) | 15,000 | 14,635 | ||
NextEra Energy Capital Holdings, Inc., 5.75%, 9/1/25 | 135,000 | 134,660 | ||
Pacific Gas and Electric Co. | ||||
4.55%, 7/1/30 | 321,125 | 283,899 | ||
4.50%, 7/1/40 | 673,175 | 500,674 | ||
6.75%, 1/15/53 | 138,000 | 129,154 | ||
Pennsylvania Electric Co., 5.15%, 3/30/26(a) | 10,000 | 9,814 | ||
SCE Recovery Funding LLC | ||||
0.86%, 11/15/31 | 98,170 | 81,532 | ||
1.94%, 5/15/38 | 50,000 | 33,869 | ||
2.51%, 11/15/43 | 30,000 | 18,120 | ||
Sempra, 4.13%, (US 5 Year CMT T-Note + 2.87%), 4/1/52(b) | 251,000 | 202,828 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
Electric (continued) | ||||
Southern California Edison Co. | ||||
3.70%, 8/1/25 | $45,000 | $43,284 | ||
4.00%, 4/1/47 | 50,000 | 36,121 | ||
5.88%, 12/1/53 | 190,000 | 178,293 | ||
Texas Electric Market Stabilization Funding N LLC, 4.27%, 8/1/34(a) | 348,089 | 325,813 | ||
4,004,478 | ||||
Entertainment - 0.1% | ||||
Warnermedia Holdings, Inc., 4.05%, 3/15/29 | 278,000 | 248,249 | ||
Food - 0.1% | ||||
Sigma Alimentos SA de CV, 4.13%, 5/2/26(a) | 240,000 | 227,962 | ||
Gas - 0.1% | ||||
Boston Gas Co., 3.15%, 8/1/27(a) | 60,000 | 53,931 | ||
KeySpan Gas East Corp., 2.74%, 8/15/26(a) | 275,000 | 250,482 | ||
Southern Co. Gas Capital Corp., 5.75%, 9/15/33 | 145,000 | 142,194 | ||
446,607 | ||||
Healthcare-Products - 0.1% | ||||
Alcon Finance Corp., 5.38%, 12/6/32(a) | 400,000 | 388,106 | ||
Healthcare-Services - 0.3% | ||||
Bon Secours Mercy Health, Inc. | ||||
3.56%, 8/1/27 | 270,000 | 250,167 | ||
2.10%, 6/1/31 | 135,000 | 105,931 | ||
Children's Hospital/DC, 2.93%, 7/15/50 | 85,000 | 49,909 | ||
Dignity Health, 3.81%, 11/1/24 | 92,000 | 89,730 | ||
Memorial Sloan-Kettering Cancer Center, 2.96%, 1/1/50 | 20,000 | 12,331 | ||
Providence St Joseph Health Obligated Group, 5.40%, 10/1/33 | 435,000 | 418,050 | ||
Toledo Hospital (The), 5.75%, 11/15/38 | 75,000 | 72,779 | ||
998,897 | ||||
Insurance - 0.1% | ||||
American International Group, Inc., 3.40%, 6/30/30 | 120,000 | 102,842 | ||
Corebridge Financial, Inc., 6.05%, 9/15/33(a) | 90,000 | 87,491 | ||
Corebridge Global Funding, 5.90%, 9/19/28(a) | 55,000 | 54,841 | ||
Principal Financial Group, Inc., 3.40%, 5/15/25 | 150,000 | 143,782 | ||
388,956 | ||||
Lodging - 0.2% | ||||
Genting New York LLC / GENNY Capital, Inc., 3.30%, 2/15/26(a) | 600,000 | 536,820 | ||
Shares/ Principal | Fair Value | |||
Machinery-Diversified - 0.2% | ||||
John Deere Capital Corp., 5.15%, 9/8/33 | $782,000 | $764,211 | ||
Media - 0.1% | ||||
Comcast Corp., 3.25%, 11/1/39 | 348,000 | 254,137 | ||
Mining - 0.2% | ||||
Glencore Funding LLC, 6.38%, 10/6/30(a) | 709,000 | 707,198 | ||
Oil & Gas - 0.1% | ||||
Occidental Petroleum Corp., 6.20%, 3/15/40 | 383,000 | 365,078 | ||
Pharmaceuticals - 0.1% | ||||
Pfizer Investment Enterprises Pte Ltd., 5.11%, 5/19/43 | 386,000 | 354,770 | ||
Pipelines - 0.5% | ||||
Cheniere Energy Partners LP, 5.95%, 6/30/33(a) | 310,000 | 298,986 | ||
Columbia Pipelines Operating Co. LLC | ||||
5.93%, 8/15/30(a) | 80,000 | 78,980 | ||
6.50%, 8/15/43(a) | 138,000 | 134,423 | ||
EIG Pearl Holdings Sarl, 3.55%, 8/31/36(a) | 389,000 | 314,787 | ||
Gray Oak Pipeline LLC | ||||
2.60%, 10/15/25(a) | 144,000 | 132,726 | ||
3.45%, 10/15/27(a) | 25,000 | 22,151 | ||
Greensaif Pipelines Bidco Sarl | ||||
6.13%, 2/23/38(a) | 250,000 | 244,045 | ||
6.51%, 2/23/42(a) | 200,000 | 196,011 | ||
ONEOK, Inc., 5.65%, 11/1/28 | 145,000 | 143,143 | ||
1,565,252 | ||||
REITS - 0.4% | ||||
Realty Income Corp., 4.90%, 7/15/33 | 963,000 | 880,266 | ||
SBA Tower Trust | ||||
2.84%, 1/15/25(a) | 100,000 | 95,208 | ||
1.88%, 1/15/26(a) | 95,000 | 85,983 | ||
1.63%, 11/15/26(a) | 115,000 | 98,929 | ||
VICI Properties LP / VICI Note Co., Inc., 4.13%, 8/15/30(a) | 115,000 | 97,794 | ||
1,258,180 | ||||
Semiconductors - 0.1% | ||||
Broadcom, Inc., 3.47%, 4/15/34(a) | 493,000 | 387,325 | ||
Software - 0.1% | ||||
Activision Blizzard, Inc., 4.50%, 6/15/47 | 200,000 | 175,376 | ||
Oracle Corp., 3.65%, 3/25/41 | 286,000 | 203,964 | ||
379,340 | ||||
Telecommunications - 0.2% | ||||
AT&T, Inc. | ||||
4.30%, 12/15/42 | 45,000 | 34,617 | ||
3.85%, 6/1/60 | 33,000 | 21,018 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
Telecommunications (continued) | ||||
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC, 4.74%, 3/20/25(a) | $153,750 | $152,124 | ||
T-Mobile USA, Inc., 6.00%, 6/15/54 | 367,000 | 349,466 | ||
557,225 | ||||
Trucking & Leasing - 0.4% | ||||
DAE Funding LLC, 1.55%, 8/1/24(a) | 500,000 | 478,827 | ||
Penske Truck Leasing Co. LP / PTL Finance Corp. | ||||
3.95%, 3/10/25(a) | 345,000 | 333,027 | ||
5.70%, 2/1/28(a) | 340,000 | 331,568 | ||
5.55%, 5/1/28(a) | 215,000 | 208,290 | ||
1,351,712 | ||||
Total Corporate Bonds and Notes | ||||
(Cost - $26,463,546) | 25,126,009 | |||
Asset Backed and Commercial Backed Securities - 3.1% | ||||
Affirm Asset Securitization Trust 2020-Z1, 1.07%, 8/15/25 (a) | 25,179 | 24,940 | ||
Angel Oak Mortgage Trust 2019-6, 2.62%, 11/25/59 (a),(c) | 12,438 | 11,656 | ||
Banc of America Commercial Mortgage Trust 2015-UBS7, 3.71%, 9/15/48 | 155,000 | 146,398 | ||
BFLD Trust 2020-OBRK, 7.50%, (1 Month US Libor + 2.16%), 11/15/28 (a),(b) | 180,000 | 179,809 | ||
Castlelake Aircraft Structured Trust 2019-1A, 3.97%, 4/15/39 (a) | 144,599 | 128,594 | ||
CF Hippolyta Issuer LLC | ||||
1.53%, 3/15/61(a) | 311,008 | 272,859 | ||
5.97%, 8/15/62(a) | 97,713 | 95,037 | ||
CFMT 2021-AL1 LLC, 1.39%, 9/22/31 (a) | 254,409 | 245,767 | ||
Citigroup Commercial Mortgage Trust 2019-SMRT, 4.15%, 1/10/36 (a) | 100,000 | 99,359 | ||
Connecticut Avenue Security Trust, 6.86%, (SOFR + 1.55%), 10/25/41 (a),(b) | 70,000 | 69,481 | ||
Credit Suisse First Boston Mortgage Securities Corp., 4.50%, 7/25/20 | 4,590 | 3,719 | ||
Fannie Mae REMICS | ||||
3.00%, 4/25/43 | 210,867 | 183,963 | ||
3.50%, 6/25/44 | 51,054 | 48,402 | ||
3.00%, 1/25/45 | 185,048 | 162,208 | ||
3.00%, 1/25/45 | 123,476 | 104,226 | ||
3.00%, 12/25/45 | 214,673 | 189,130 | ||
1.50%, 10/25/49 | 216,422 | 157,114 | ||
3.00%, 12/25/54 | 327,671 | 305,822 |
Shares/ Principal | Fair Value | |||
Asset Backed and Commercial Backed Securities (continued) | ||||
Fannie Mae-Aces | ||||
5.75%, (SOFR + 0.51%), 10/25/24(b) | $11,131 | $11,105 | ||
2.39%, 10/25/36(c) | 383,390 | 280,573 | ||
Flagstar Mortgage Trust 2018-3INV, 4.00%, 5/25/48 (a),(c) | 71,065 | 61,351 | ||
Flagstar Mortgage Trust 2021-9INV, 2.00%, 9/25/41 (a),(c) | 149,925 | 123,336 | ||
Ford Credit Auto Owner Trust 2021-REV1, 1.61%, 10/17/33 (a) | 100,000 | 89,935 | ||
Freddie Mac Multifamily Structured Pass Through Certificates | ||||
2.40%, 3/25/32 | 280,000 | 226,271 | ||
3.71%, 9/25/32(c) | 104,000 | 92,525 | ||
4.43%, 2/25/33(c) | 260,000 | 243,973 | ||
2.36%, 10/25/36 | 245,000 | 175,754 | ||
Freddie Mac REMICS | ||||
4.00%, 9/15/41 | 197,440 | 183,232 | ||
1.75%, 9/15/42 | 228,925 | 206,750 | ||
1.50%, 10/15/42 | 19,990 | 16,802 | ||
3.00%, 6/15/45 | 241,312 | 222,639 | ||
3.00%, 7/15/47 | 168,360 | 149,720 | ||
4.00%, 7/15/48 | 146,951 | 130,338 | ||
Freddie Mac STACR REMIC Trust, 8.11%, (SOFR + 2.80%), 10/25/50 (a),(b) | 76,665 | 77,514 | ||
Government National Mortgage Association | ||||
2.50%, 10/20/49 | 448,223 | 377,195 | ||
5.92%, (1 Month US Libor + 0.71%), 5/20/65(b) | 38,830 | 38,515 | ||
6.05%, (1 Month US Libor + 0.73%), 8/20/65(b) | 47,112 | 46,995 | ||
4.63%, (1 Month US Libor + 0.81%), 10/20/65(b) | 70 | 68 | ||
4.77%, (1 Month US Libor + 1.11%), 12/20/65(b) | 40,770 | 40,760 | ||
GSR Mortgage Loan Trust 2005-AR6, 4.35%, 9/25/35 (c) | 3,306 | 3,147 | ||
Home Partners of America Trust 2021-2, 2.30%, 12/17/26 (a) | 327,301 | 285,678 | ||
Horizon Aircraft Finance III Ltd., 2019-2, 3.43%, 11/15/39 (a) | 220,821 | 174,279 | ||
Kubota Credit Owner Trust 2023-2, 5.28%, 1/18/28 (a) | 240,000 | 237,539 | ||
Life 2021-BMR Mortgage Trust, 6.15%, (1 Month US Libor + 0.81%), 3/15/38 (a),(b) | 98,297 | 96,332 | ||
Metlife Securitization Trust, 3.00%, 4/25/55 (a),(c) | 42,909 | 38,894 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | |||
Asset Backed and Commercial Backed Securities (continued) | ||||
Mill City Mortgage Loan Trust 2017-3, 2.75%, 1/25/61 (a),(c) | $21,179 | $20,465 | ||
Navient Private Education Refi Loan Trust 2023-A, 5.51%, 10/15/71 (a) | 311,267 | 307,024 | ||
New Economy Assets Phase 1 Sponsor LLC, 1.91%, 10/20/61 (a) | 375,000 | 322,983 | ||
New Economy Assets Phase 1 Sponsor, LLC, 2.41%, 10/20/61 (a) | 120,000 | 100,058 | ||
New Residential Mortgage Loan Trust 2019-RPL3, 2.75%, 7/25/59 (a),(c) | 44,072 | 40,496 | ||
Retained Vantage Data Centers Issuer LLC, 5.00%, 9/15/48 (a) | 561,000 | 507,918 | ||
SCF Equipment Leasing 2021-1 LLC, 0.83%, 8/21/28 (a) | 187,618 | 184,141 | ||
Seasoned Credit Risk Transfer Trust Series 2019-3, 3.50%, 10/25/58 | 92,178 | 87,557 | ||
Seasoned Credit Risk Transfer Trust Series 2021-1, 2.50%, 9/25/60 | 549,208 | 478,138 | ||
SFAVE Commercial Mortgage Securities Trust 2015-5AVE, 4.14%, 1/5/43 (a),(c) | 100,000 | 65,416 | ||
SFS Auto Receivables Securitization Trust 2023-1, 5.89%, 3/22/27 (a) | 130,000 | 130,035 | ||
SoFi Consumer Loan Program 2021-1 Trust, 0.49%, 9/25/30 (a) | 6,806 | 6,751 | ||
SREIT Trust 2021-MFP, 6.53%, (1 Month US Libor + 1.19%), 11/15/38 (a),(b) | 415,000 | 405,626 | ||
Stack Infrastructure Issuer LLC, 5.90%, 7/25/48 (a) | 525,000 | 504,206 | ||
Structured Adjustable Rate Mortgage Loan Trust | ||||
6.38%, 2/25/34(c) | 2,015 | 1,954 | ||
5.79%, 9/25/34(c) | 1,898 | 1,816 | ||
Texas Natural Gas Securitization Finance Corp. | ||||
5.10%, 4/1/35 | 190,000 | 186,325 | ||
5.17%, 4/1/41 | 145,000 | 138,446 | ||
Towd Point Mortgage Trust 2017-2, 2.75%, 4/25/57 (a),(c) | 1,633 | 1,619 | ||
Towd Point Mortgage Trust 2017-4, 2.75%, 6/25/57 (a),(c) | 45,402 | 42,859 | ||
Towd Point Mortgage Trust 2018-1, 3.00%, 1/25/58 (a),(c) | 16,119 | 15,483 | ||
Wells Fargo Commercial Mortgage Trust 2015-NXS1, 3.15%, 5/15/48 | 250,000 | 237,150 |
Shares/ Principal | Fair Value | |||
Asset Backed and Commercial Backed Securities (continued) | ||||
Total Asset Backed and Commercial Backed Securities | ||||
(Cost - $10,738,856) | $9,846,170 | |||
Municipal Bonds - 0.7% | ||||
Chicago Transit Authority Sales Tax Receipts Fund, 1.84%, 12/1/23 | 100,000 | 99,394 | ||
Golden State Tobacco Securitization Corp. | ||||
2.75%, 6/1/34 | 10,000 | 7,866 | ||
3.29%, 6/1/42 | 20,000 | 13,911 | ||
3.00%, 6/1/46 | 40,000 | 36,333 | ||
Illinois Municipal Electric Agency, 6.83%, 2/1/35 | 195,000 | 203,139 | ||
Kansas Development Finance Authority, 5.37%, 5/1/26 | 60,000 | 59,554 | ||
Metropolitan Transportation Authority | ||||
6.20%, 11/15/26 | 10,000 | 10,029 | ||
6.81%, 11/15/40 | 180,000 | 185,430 | ||
5.18%, 11/15/49 | 65,000 | 55,865 | ||
Municipal Electric Authority of Georgia, 6.64%, 4/1/57 | 229,000 | 243,349 | ||
New York State Urban Development Corp., 1.83%, 3/15/29 | 40,000 | 33,571 | ||
Philadelphia Authority for Industrial Development, 6.55%, 10/15/28 | 270,000 | 278,770 | ||
State of Illinois, 5.10%, 6/1/33 | 1,195,000 | 1,134,403 | ||
University of California, 1.61%, 5/15/30 | 20,000 | 16,093 | ||
Total Municipal Bonds | ||||
(Cost - $2,702,404) | 2,377,707 | |||
Exchange Traded Funds - 0.3% | ||||
Equity Funds - 0.3% | ||||
SPDR S&P 500 ETF TRUST (Cost - $834,667) | 1,893 | 809,220 | ||
Short-Term Investments - 4.6% | ||||
Money Market Funds - 4.6% | ||||
Dreyfus Government Cash Management, 5.22%(d) | 10,712,248 | 10,712,248 | ||
Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 5.23%(d) | 4,173,949 | 4,173,949 | ||
Total Money Market Funds (Cost - $14,886,197) | 14,886,197 | |||
Total Short-Term Investments | ||||
(Cost - $14,886,197) | 14,886,197 |
Global Atlantic Wellington Research Managed Risk Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Fair Value | ||||
Total Investments - 100.3% | ||||
(Cost - $264,273,975) | $323,481,195 | |||
Other Assets Less Liabilities - Net (0.3)% | (1,033,808) | |||
Total Net Assets - 100.0% | $322,447,387 |
* | 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, 2023, these securities amounted to $14,914,745 or 4.6% of net assets. |
(b) | Variable rate security. The rate shown is the rate in effect at period end. |
(c) | 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. |
(d) | The rate shown is the annualized seven-day yield at period end. |
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, 2023
Futures Contracts
Counterparty | Number of Contracts | Expiration Date | Notional Value | Fair Value/Unrealized Appreciation | ||||||
Long Futures Contracts | ||||||||||
U.S. 2 Year Note Future | JP Morgan Chase Bank | 11 | 12/29/2023 | $2,229,820 | $(6,055) | |||||
U.S. 5 Year Note Future | JP Morgan Chase Bank | 33 | 12/29/2023 | 3,476,860 | (24,953) | |||||
(31,008) | ||||||||||
Short Futures Contracts | ||||||||||
E-Mini Russell 2000 Future | Goldman Sachs & Co. | 17 | 12/15/2023 | 1,528,810 | 285 | |||||
S&P 500 E-Mini Future | Goldman Sachs & Co. | 64 | 12/15/2023 | 13,841,600 | (25,800) | |||||
S&P MID 400 E-Mini Future | Goldman Sachs & Co. | 4 | 12/15/2023 | 1,008,160 | (660) | |||||
(26,175) | ||||||||||
TOTAL NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | $(57,183) |