Global Atlantic BlackRock Disciplined Value Portfolio
Portfolio of Investments
March 31, 2024
| | Shares/
Principal | | Fair Value |
| Common Stocks - 98.4% | | | |
| Aerospace & Defense - 1.9% | | | |
| Curtiss-Wright Corp. | 884 | | $226,251 |
| HEICO Corp., Class A | 7,173 | | 1,104,212 |
| Lockheed Martin Corp. | 4,292 | | 1,952,302 |
| Northrop Grumman Corp. | 1,069 | | 511,687 |
| Textron, Inc. | 8,483 | | 813,774 |
| | | | 4,608,226 |
| Air Freight & Logistics - 0.7% | | | |
| Expeditors International of Washington, Inc. | 9,636 | | 1,171,449 |
| United Parcel Service, Inc., Class B | 3,896 | | 579,062 |
| | | | 1,750,511 |
| Automobiles - 1.0% | | | |
| Ford Motor Co. | 59,154 | | 785,565 |
| General Motors Co. | 34,694 | | 1,573,373 |
| | | | 2,358,938 |
| Banks - 6.7% | | | |
| Bank of America Corp. | 98,914 | | 3,750,819 |
| Citigroup, Inc. | 30,689 | | 1,940,772 |
| Citizens Financial Group, Inc. | 25,407 | | 922,020 |
| Columbia Banking System, Inc. | 12,051 | | 233,187 |
| First Horizon Corp. | 4,167 | | 64,172 |
| Huntington Bancshares, Inc. | 17,998 | | 251,072 |
| JPMorgan Chase & Co. | 30,669 | | 6,143,001 |
| KeyCorp | 94,883 | | 1,500,100 |
| Truist Financial Corp. | 21,640 | | 843,527 |
| Valley National Bancorp | 47,931 | | 381,531 |
| Wells Fargo & Co. | 2,159 | | 125,136 |
| | | | 16,155,337 |
| Beverages - 2.1% | | | |
| Coca-Cola Co. (The) | 45,417 | | 2,778,612 |
| Monster Beverage Corp. * | 1,845 | | 109,371 |
| PepsiCo, Inc. | 12,665 | | 2,216,502 |
| | | | 5,104,485 |
| Biotechnology - 3.5% | | | |
| AbbVie, Inc. | 3,842 | | 699,628 |
| Amgen, Inc. | 4,527 | | 1,287,117 |
| Biogen, Inc. * | 140 | | 30,188 |
| CG oncology, Inc. * | 1,824 | | 80,074 |
| Exelixis, Inc. * | 16,869 | | 400,301 |
| Gilead Sciences, Inc. | 31,531 | | 2,309,646 |
| Incyte Corp. * | 20,925 | | 1,192,097 |
| Ionis Pharmaceuticals, Inc. * | 1,885 | | 81,715 |
| Kyverna Therapeutics, Inc. * | 1,059 | | 26,305 |
| Moderna, Inc. * | 1,324 | | 141,085 |
| Neurocrine Biosciences, Inc. * | 3,036 | | 418,725 |
| Regeneron Pharmaceuticals, Inc. * | 1,187 | | 1,142,476 |
| United Therapeutics Corp. * | 2,767 | | 635,635 |
| Vertex Pharmaceuticals, Inc. * | 63 | | 26,335 |
| | | | 8,471,327 |
| | Shares/
Principal | | Fair Value |
| | | | |
| Broadline Retail - 1.0% | | | |
| Amazon.com, Inc. * | 11,692 | | $2,109,003 |
| eBay, Inc. | 4,015 | | 211,912 |
| | | | 2,320,915 |
| Building Products - 1.1% | | | |
| A O Smith Corp. | 9,480 | | 848,081 |
| Advanced Drainage Systems, Inc. | 144 | | 24,802 |
| Builders FirstSource, Inc. * | 3,774 | | 787,068 |
| Fortune Brands Innovations, Inc. | 318 | | 26,925 |
| Owens Corning | 5,639 | | 940,585 |
| | | | 2,627,461 |
| Capital Markets - 4.3% | | | |
| Affiliated Managers Group, Inc. | 1,218 | | 203,978 |
| Cboe Global Markets, Inc. | 1,922 | | 353,129 |
| Charles Schwab Corp. (The) | 6,029 | | 436,138 |
| CME Group, Inc. | 1,320 | | 284,183 |
| Coinbase Global, Inc., Class A * | 511 | | 135,476 |
| Franklin Resources, Inc. | 10,783 | | 303,110 |
| Invesco Ltd. | 109,479 | | 1,816,257 |
| Moody's Corp. | 3,503 | | 1,376,784 |
| Morgan Stanley | 4,676 | | 440,292 |
| MSCI, Inc. | 1,387 | | 777,344 |
| Nasdaq, Inc. | 31,870 | | 2,010,997 |
| Raymond James Financial, Inc. | 571 | | 73,328 |
| S&P Global, Inc. | 3,159 | | 1,343,997 |
| SEI Investments Co. | 3,119 | | 224,256 |
| State Street Corp. | 1,328 | | 102,681 |
| T Rowe Price Group, Inc. | 2,422 | | 295,290 |
| XP, Inc., Class A | 1,209 | | 31,023 |
| | | | 10,208,263 |
| Chemicals - 2.0% | | | |
| Air Products and Chemicals, Inc. | 149 | | 36,098 |
| Cabot Corp. | 413 | | 38,079 |
| Corteva, Inc. | 3,729 | | 215,051 |
| DuPont de Nemours, Inc. | 4,962 | | 380,437 |
| Ecolab, Inc. | 2,388 | | 551,389 |
| Huntsman Corp. | 10,300 | | 268,109 |
| Linde PLC | 321 | | 149,047 |
| LyondellBasell Industries NV, Class A | 17,264 | | 1,765,762 |
| Mosaic Co. (The) | 16,469 | | 534,584 |
| PPG Industries, Inc. | 4,750 | | 688,275 |
| RPM International, Inc. | 319 | | 37,945 |
| Westlake Corp. | 1,259 | | 192,375 |
| | | | 4,857,151 |
| Commercial Services & Supplies - 0.9% | | | |
| Cintas Corp. | 2,298 | | 1,578,795 |
| Republic Services, Inc. | 683 | | 130,753 |
| Waste Management, Inc. | 2,265 | | 482,785 |
| | | | 2,192,333 |
| Communications Equipment - 0.4% | | | |
| Arista Networks, Inc. * | 100 | | 28,998 |
Global Atlantic BlackRock Disciplined Value Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2024
| | Shares/
Principal | | Fair Value |
| | | | |
| Communications Equipment (continued) | | | |
| Ciena Corp. * | 4,253 | | $210,311 |
| Cisco Systems, Inc. | 7,539 | | 376,271 |
| Juniper Networks, Inc. | 4,617 | | 171,106 |
| Viasat, Inc. * | 4,287 | | 77,552 |
| | | | 864,238 |
| Construction & Engineering - 1.0% | | | |
| AECOM | 13,300 | | 1,304,464 |
| EMCOR Group, Inc. | 878 | | 307,475 |
| Quanta Services, Inc. | 2,580 | | 670,284 |
| Valmont Industries, Inc. | 913 | | 208,420 |
| | | | 2,490,643 |
| Consumer Finance - 0.2% | | | |
| American Express Co. | 208 | | 47,359 |
| Discover Financial Services | 236 | | 30,937 |
| OneMain Holdings, Inc. | 6,318 | | 322,787 |
| Synchrony Financial | 4,191 | | 180,716 |
| | | | 581,799 |
| Consumer Staples Distribution & Retail - 2.0% | | | |
| Costco Wholesale Corp. | 871 | | 638,121 |
| Target Corp. | 272 | | 48,201 |
| Walmart, Inc. | 67,140 | | 4,039,814 |
| | | | 4,726,136 |
| Containers & Packaging - 0.6% | | | |
| Crown Holdings, Inc. | 3,478 | | 275,666 |
| International Paper Co. | 10,621 | | 414,431 |
| Packaging Corp. of America | 1,910 | | 362,480 |
| Westrock Co. | 8,099 | | 400,496 |
| | | | 1,453,073 |
| Distributors - 0.0%† | | | |
| Pool Corp. | 80 | | 32,280 |
| | | | |
| Diversified Telecommunication Services - 1.1% | | | |
| AT&T, Inc. | 116,927 | | 2,057,915 |
| Liberty Global Ltd., Class A * | 16,482 | | 278,875 |
| Verizon Communications, Inc. | 8,439 | | 354,101 |
| | | | 2,690,891 |
| Electric Utilities - 2.3% | | | |
| Edison International | 6,469 | | 457,552 |
| Evergy, Inc. | 14,411 | | 769,259 |
| Exelon Corp. | 1,228 | | 46,136 |
| IDACORP, Inc. | 1,538 | | 142,865 |
| NRG Energy, Inc. | 863 | | 58,417 |
| OGE Energy Corp. | 50,691 | | 1,738,701 |
| Portland General Electric Co. | 10,755 | | 451,710 |
| PPL Corp. | 52,179 | | 1,436,488 |
| Xcel Energy, Inc. | 9,533 | | 512,399 |
| | | | 5,613,527 |
| Electrical Equipment - 1.2% | | | |
| AMETEK, Inc. | 9,988 | | 1,826,805 |
| | Shares/
Principal | | Fair Value |
| | | | |
| Electrical Equipment (continued) | | | |
| Eaton Corp. PLC | 2,459 | | $768,880 |
| Generac Holdings, Inc. * | 495 | | 62,439 |
| Rockwell Automation, Inc. | 774 | | 225,490 |
| | | | 2,883,614 |
| Electronic Equipment, Instruments & Components - 1.1% | | | |
| Avnet, Inc. | 6,174 | | 306,107 |
| Flex Ltd. * | 7,006 | | 200,442 |
| TE Connectivity Ltd. | 14,726 | | 2,138,804 |
| | | | 2,645,353 |
| Energy Equipment & Services - 1.0% | | | |
| Baker Hughes Co. | 25,836 | | 865,506 |
| Halliburton Co. | 7,672 | | 302,430 |
| Schlumberger NV | 23,414 | | 1,283,322 |
| | | | 2,451,258 |
| Entertainment - 0.8% | | | |
| Electronic Arts, Inc. | 5,715 | | 758,209 |
| Liberty Media Corp.-Liberty Formula One, Class C * | 5,502 | | 360,931 |
| ROBLOX Corp., Class A * | 641 | | 24,473 |
| Roku, Inc. * | 2,230 | | 145,329 |
| Spotify Technology SA * | 204 | | 53,836 |
| Walt Disney Co. (The) | 4,328 | | 529,574 |
| Warner Bros Discovery, Inc. * | 11,487 | | 100,282 |
| | | | 1,972,634 |
| Financial Services - 5.8% | | | |
| Berkshire Hathaway, Inc., Class B * | 21,410 | | 9,003,333 |
| Block, Inc. * | 2,131 | | 180,240 |
| Euronet Worldwide, Inc. * | 3,467 | | 381,127 |
| Fidelity National Information Services, Inc. | 1,737 | | 128,851 |
| Mastercard, Inc., Class A | 4,391 | | 2,114,574 |
| Visa, Inc., Class A | 7,170 | | 2,001,004 |
| | | | 13,809,129 |
| Food Products - 1.1% | | | |
| Archer-Daniels-Midland Co. | 4,153 | | 260,850 |
| Bunge Global SA | 7,520 | | 770,950 |
| Hershey Co. (The) | 7,469 | | 1,452,721 |
| Mondelez International, Inc., Class A | 734 | | 51,380 |
| Tyson Foods, Inc., Class A | 980 | | 57,555 |
| | | | 2,593,456 |
| Gas Utilities - 0.2% | | | |
| New Jersey Resources Corp. | 4,673 | | 200,519 |
| UGI Corp. | 11,647 | | 285,817 |
| | | | 486,336 |
| Ground Transportation - 0.5% | | | |
| CSX Corp. | 3,577 | | 132,599 |
| JB Hunt Transport Services, Inc. | 483 | | 96,238 |
| Old Dominion Freight Line, Inc. | 4,732 | | 1,037,775 |
| | | | 1,266,612 |
Global Atlantic BlackRock Disciplined Value Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2024
| | Shares/
Principal | | Fair Value |
| | | | |
| Health Care Equipment & Supplies - 3.4% | | | |
| Abbott Laboratories | 10,678 | | $1,213,661 |
| Align Technology, Inc. * | 110 | | 36,071 |
| Becton Dickinson & Co. | 1,322 | | 327,129 |
| Dexcom, Inc. * | 3,417 | | 473,938 |
| Enovis Corp. * | 2,498 | | 156,000 |
| Hologic, Inc. * | 3,512 | | 273,796 |
| Intuitive Surgical, Inc. * | 1,289 | | 514,427 |
| Medtronic PLC | 28,886 | | 2,517,415 |
| Novocure Ltd. * | 11,028 | | 172,368 |
| Stryker Corp. | 7,123 | | 2,549,108 |
| | | | 8,233,913 |
| Health Care Providers & Services - 2.6% | | | |
| Cardinal Health, Inc. | 4,266 | | 477,365 |
| Centene Corp. * | 3,960 | | 310,781 |
| Cigna Corp. (The) | 2,389 | | 867,661 |
| CVS Health Corp. | 892 | | 71,146 |
| Elevance Health, Inc. | 5,575 | | 2,890,861 |
| HCA Healthcare, Inc. | 1,982 | | 661,056 |
| Laboratory Corp. of America Holdings | 2,843 | | 621,082 |
| Quest Diagnostics, Inc. | 2,368 | | 315,204 |
| | | | 6,215,156 |
| Health Care Technology - 0.2% | | | |
| Teladoc Health, Inc. * | 28,544 | | 431,014 |
| | | | |
| Hotel & Resort REITs - 0.0%† | | | |
| Park Hotels & Resorts, Inc. | 4,044 | | 70,730 |
| | | | |
| Hotels, Restaurants & Leisure - 1.5% | | | |
| Boyd Gaming Corp. | 14,020 | | 943,826 |
| Carnival Corp. * | 13,482 | | 220,296 |
| Domino's Pizza, Inc. | 1,463 | | 726,935 |
| McDonald's Corp. | 2,763 | | 779,028 |
| MGM Resorts International * | 19,791 | | 934,333 |
| Royal Caribbean Cruises Ltd. * | 554 | | 77,012 |
| | | | 3,681,430 |
| Household Durables - 1.7% | | | |
| DR Horton, Inc. | 10,894 | | 1,792,608 |
| Leggett & Platt, Inc. | 38,235 | | 732,200 |
| PulteGroup, Inc. | 899 | | 108,437 |
| Toll Brothers, Inc. | 10,821 | | 1,399,913 |
| | | | 4,033,158 |
| Household Products - 2.4% | | | |
| Colgate-Palmolive Co. | 11,959 | | 1,076,908 |
| Kimberly-Clark Corp. | 16,520 | | 2,136,862 |
| Procter & Gamble Co. (The) | 15,377 | | 2,494,918 |
| | | | 5,708,688 |
| Independent Power and Renewable Electricity Producers - 0.3% | | | |
| AES Corp. (The) | 38,616 | | 692,385 |
| Clearway Energy, Inc., Class A | 1,276 | | 27,447 |
| | | | 719,832 |
| | Shares/
Principal | | Fair Value |
| | | | |
| Industrial Conglomerates - 0.8% | | | |
| 3M Co. | 3,292 | | $349,182 |
| General Electric Co. | 681 | | 119,536 |
| Honeywell International, Inc. | 6,995 | | 1,435,724 |
| | | | 1,904,442 |
| Industrial REITs - 0.3% | | | |
| First Industrial Realty Trust, Inc. | 11,800 | | 619,972 |
| Prologis, Inc. | 1,165 | | 151,706 |
| | | | 771,678 |
| Insurance - 4.4% | | | |
| Aon PLC, Class A | 2,238 | | 746,865 |
| Arch Capital Group Ltd. * | 1,124 | | 103,903 |
| First American Financial Corp. | 780 | | 47,619 |
| Marsh & McLennan Cos., Inc. | 10,976 | | 2,260,836 |
| MetLife, Inc. | 16,549 | | 1,226,446 |
| Progressive Corp. (The) | 9,993 | | 2,066,752 |
| Reinsurance Group of America, Inc. | 11,237 | | 2,167,393 |
| Travelers Cos., Inc. (The) | 4,523 | | 1,040,923 |
| Unum Group | 16,266 | | 872,834 |
| | | | 10,533,571 |
| Interactive Media & Services - 0.9% | | | |
| Alphabet, Inc., Class A * | 10,787 | | 1,628,082 |
| Meta Platforms, Inc., Class A | 278 | | 134,991 |
| Pinterest, Inc., Class A * | 5,066 | | 175,638 |
| Snap, Inc., Class A * | 9,245 | | 106,133 |
| | | | 2,044,844 |
| IT Services - 0.4% | | | |
| Amdocs Ltd. | 8,872 | | 801,763 |
| Snowflake, Inc., Class A * | 480 | | 77,568 |
| | | | 879,331 |
| Life Sciences Tools & Services - 0.2% | | | |
| Agilent Technologies, Inc. | 828 | | 120,482 |
| Thermo Fisher Scientific, Inc. | 570 | | 331,290 |
| | | | 451,772 |
| Machinery - 4.2% | | | |
| AGCO Corp. | 676 | | 83,162 |
| Caterpillar, Inc. | 238 | | 87,210 |
| CNH Industrial NV | 29,214 | | 378,613 |
| Cummins, Inc. | 3,783 | | 1,114,661 |
| Flowserve Corp. | 19,070 | | 871,118 |
| Graco, Inc. | 2,951 | | 275,800 |
| Oshkosh Corp. | 17,350 | | 2,163,719 |
| Otis Worldwide Corp. | 7,884 | | 782,645 |
| Parker-Hannifin Corp. | 4,031 | | 2,240,389 |
| Snap-on, Inc. | 2,736 | | 810,458 |
| Xylem, Inc. | 9,450 | | 1,221,318 |
| | | | 10,029,093 |
| Media - 2.0% | | | |
| Comcast Corp., Class A | 62,095 | | 2,691,818 |
| Fox Corp., Class A | 49,693 | | 1,553,900 |
| Fox Corp., Class B | 1,847 | | 52,861 |
Global Atlantic BlackRock Disciplined Value Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2024
| | Shares/
Principal | | Fair Value |
| | | | |
| Media (continued) | | | |
| Liberty Media Corp-Liberty SiriusXM, Class A * | 640 | | $19,008 |
| New York Times Co. (The), Class A | 2,377 | | 102,734 |
| Paramount Global, Class B | 34,511 | | 406,195 |
| | | | 4,826,516 |
| Metals & Mining - 0.9% | | | |
| Alcoa Corp. | 6,603 | | 223,115 |
| Freeport-McMoRan, Inc. | 7,365 | | 346,302 |
| Newmont Corp. | 1,215 | | 43,546 |
| Nucor Corp. | 7,164 | | 1,417,756 |
| United States Steel Corp. | 1,244 | | 50,730 |
| | | | 2,081,449 |
| Multi-Utilities - 1.3% | | | |
| Black Hills Corp. | 1,132 | | 61,807 |
| CMS Energy Corp. | 16,956 | | 1,023,125 |
| DTE Energy Co. | 9,308 | | 1,043,799 |
| NiSource, Inc. | 1,189 | | 32,888 |
| Sempra | 12,694 | | 911,810 |
| WEC Energy Group, Inc. | 1,168 | | 95,916 |
| | | | 3,169,345 |
| Office REITs - 0.1% | | | |
| Boston Properties, Inc. | 4,409 | | 287,952 |
| Highwoods Properties, Inc. | 1,931 | | 50,553 |
| | | | 338,505 |
| Oil, Gas & Consumable Fuels - 7.2% | | | |
| Chevron Corp. | 13,759 | | 2,170,345 |
| ConocoPhillips | 19,036 | | 2,422,902 |
| Devon Energy Corp. | 26,122 | | 1,310,802 |
| EOG Resources, Inc. | 14,115 | | 1,804,462 |
| Exxon Mobil Corp. | 39,089 | | 4,543,705 |
| Marathon Petroleum Corp. | 13,204 | | 2,660,606 |
| Pioneer Natural Resources Co. | 2,513 | | 659,663 |
| Valero Energy Corp. | 9,618 | | 1,641,696 |
| | | | 17,214,181 |
| Paper & Forest Products - 0.2% | | | |
| Louisiana-Pacific Corp. | 6,753 | | 566,644 |
| | | | |
| Passenger Airlines - 0.7% | | | |
| Alaska Air Group, Inc. * | 4,320 | | 185,717 |
| Delta Air Lines, Inc. | 20,296 | | 971,569 |
| United Airlines Holdings, Inc. * | 8,852 | | 423,834 |
| | | | 1,581,120 |
| Pharmaceuticals - 5.1% | | | |
| Alto Neuroscience, Inc. * | 28 | | 430 |
| Bristol-Myers Squibb Co. | 42,870 | | 2,324,840 |
| Eli Lilly & Co. | 1,915 | | 1,489,793 |
| Johnson & Johnson | 18,126 | | 2,867,352 |
| Merck & Co., Inc. | 21,984 | | 2,900,789 |
| Pfizer, Inc. | 86,007 | | 2,386,694 |
| Zoetis, Inc. | 1,522 | | 257,538 |
| | | | 12,227,436 |
| | Shares/
Principal | | Fair Value |
| | | | |
| Real Estate Management & Development - 0.1% | | | |
| Jones Lang LaSalle, Inc. * | 528 | | $103,008 |
| Zillow Group, Inc., Class A * | 685 | | 32,784 |
| | | | 135,792 |
| Residential REITs - 1.6% | | | |
| Apartment Income REIT Corp. | 1,838 | | 59,680 |
| Camden Property Trust | 16,736 | | 1,646,822 |
| Equity Residential | 32,008 | | 2,020,025 |
| | | | 3,726,527 |
| Retail REITs - 0.7% | | | |
| Brixmor Property Group, Inc. | 6,024 | | 141,263 |
| Kimco Realty Corp. | 61,521 | | 1,206,427 |
| Kite Realty Group Trust | 998 | | 21,637 |
| Simon Property Group, Inc. | 1,723 | | 269,632 |
| | | | 1,638,959 |
| Semiconductors & Semiconductor Equipment - 4.2% | | | |
| Advanced Micro Devices, Inc. * | 2,078 | | 375,058 |
| Applied Materials, Inc. | 6,378 | | 1,315,335 |
| Astera Labs, Inc. * | 1,617 | | 119,965 |
| Cirrus Logic, Inc. * | 4,394 | | 406,709 |
| Intel Corp. | 45,856 | | 2,025,460 |
| Lam Research Corp. | 833 | | 809,318 |
| Marvell Technology, Inc. | 7,657 | | 542,728 |
| Micron Technology, Inc. | 16,772 | | 1,977,251 |
| Monolithic Power Systems, Inc. | 318 | | 215,420 |
| NVIDIA Corp. | 893 | | 806,879 |
| QUALCOMM, Inc. | 9,334 | | 1,580,246 |
| | | | 10,174,369 |
| Software - 2.8% | | | |
| Adobe, Inc. * | 905 | | 456,663 |
| Crowdstrike Holdings, Inc., Class A * | 114 | | 36,547 |
| Datadog, Inc., Class A * | 223 | | 27,563 |
| Fortinet, Inc. * | 3,368 | | 230,068 |
| Manhattan Associates, Inc. * | 6,205 | | 1,552,677 |
| Microsoft Corp. | 4,845 | | 2,038,388 |
| Nutanix, Inc., Class A * | 3,745 | | 231,141 |
| Oracle Corp. | 10,026 | | 1,259,366 |
| ServiceNow, Inc. * | 52 | | 39,645 |
| Synopsys, Inc. * | 205 | | 117,158 |
| Teradata Corp. * | 4,263 | | 164,850 |
| Workday, Inc., Class A * | 354 | | 96,554 |
| Zoom Video Communications, Inc., Class A * | 4,257 | | 278,280 |
| Zscaler, Inc. * | 343 | | 66,072 |
| | | | 6,594,972 |
| Specialized REITs - 0.8% | | | |
| Equinix, Inc. | 1,355 | | 1,118,322 |
| Lamar Advertising Co., Class A | 1,694 | | 202,280 |
Global Atlantic BlackRock Disciplined Value Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2024
| | Shares/
Principal | | Fair Value |
| | | | |
| Specialized REITs (continued) | | | |
| SBA Communications Corp., Class A | 2,491 | | $539,800 |
| | | | 1,860,402 |
| Specialty Retail - 0.5% | | | |
| AutoNation, Inc. * | 1,850 | | 306,323 |
| Best Buy Co., Inc. | 3,715 | | 304,742 |
| O'Reilly Automotive, Inc. * | 63 | | 71,119 |
| Penske Automotive Group, Inc. | 1,816 | | 294,174 |
| Petco Health & Wellness Co., Inc. * | 12,034 | | 27,438 |
| TJX Cos., Inc. (The) | 1,358 | | 137,728 |
| Ulta Beauty, Inc. * | 293 | | 153,204 |
| | | | 1,294,728 |
| Technology Hardware, Storage & Peripherals - 1.4% | | | |
| Apple, Inc. | 9,475 | | 1,624,773 |
| Hewlett Packard Enterprise Co. | 38,507 | | 682,729 |
| HP, Inc. | 34,515 | | 1,043,043 |
| | | | 3,350,545 |
| Textiles, Apparel & Luxury Goods - 0.2% | | | |
| NIKE, Inc., Class B | 4,654 | | 437,383 |
| Ralph Lauren Corp. | 396 | | 74,353 |
| Under Armour, Inc., Class C * | 2,143 | | 15,301 |
| | | | 527,037 |
| Trading Companies & Distributors - 0.8% | | | |
| Air Lease Corp. | 2,489 | | 128,034 |
| Watsco, Inc. | 939 | | 405,620 |
| WESCO International, Inc. | 3,110 | | 532,681 |
| WW Grainger, Inc. | 933 | | 949,141 |
| | | | 2,015,476 |
| Water Utilities - 0.0%† | | | |
| American Water Works Co., Inc. | 849 | | 103,756 |
| | | | |
| Total Common Stocks | | | |
| (Cost - $196,486,743) | | | 236,352,337 |
| Short-Term Investments - 1.4% | | | |
| Money Market Funds - 1.4% | | | |
| Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 5.21%(a) (Cost - $3,246,805) | 3,246,805 | | 3,246,805 |
| | | | |
| Total Investments - 99.8% | | | |
| (Cost - $199,733,548) | | | $239,599,142 |
| Other Assets Less Liabilities - Net 0.2% | | | 530,300 |
| Total Net Assets - 100.0% | | | $240,129,442 |
| |
| * | Non-income producing security. |
| † | Represents less than 0.05%. |
| (a) | The rate shown is the annualized seven-day yield at period end. |
| PLC | - | Public Limited Company |
Global Atlantic BlackRock Disciplined Value Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2024
| REIT | - | Real Estate Investment Trust |
| |
Global Atlantic BlackRock Disciplined Value Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2024
| Futures Contracts | | | | | | |
| | | Counterparty | | Number of
Contracts | | Expiration Date | | | Notional Value | | Fair
Value/Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts | | | | | | | | | | | |
| S&P 500 E-Mini Future | | Goldman Sachs & Co. | | 14 | | 6/21/2024 | | | $3,715,950 | | $73,989 |
| |
