# EDGAR Filing Document

**Accession Number:** 0000810695
**File Stem:** 0001752724-23-034666
**Filing Date:** 2023-2
**Character Count:** 28657
**Document Hash:** fd69795874132e2381309b6b5b6e4552
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-034666.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-034666

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **CENTRAL INDEX KEY:** 0000810695
- **IRS NUMBER:** 043023766
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05010
- **FILM NUMBER:** 23656733

**BUSINESS ADDRESS:**
- **STREET 1:** C/O GEMINI FUND SERVICES, LLC
- **STREET 2:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022-3474
- **BUSINESS PHONE:** 800-253-0412

**MAIL ADDRESS:**
- **STREET 1:** C/O GEMINI FUND SERVICES, LLC
- **STREET 2:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022-3474

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUNTINGTON FUNDS
- **DATE OF NAME CHANGE:** 20040922

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUNTINGTON FUNDS /MA/
- **DATE OF NAME CHANGE:** 19990106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MONITOR FUNDS
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Rational Inflation Growth Fund (Series ID: S000072819)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000229365 | Rational Inflation Growth Fund Institutional Shares | IGOIX           |
| C000229366 | Rational Inflation Growth Fund Class A Shares       | IGOAX           |
| C000229367 | Rational Inflation Growth Fund Class C Shares       | IGOCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Mutual Fund & Variable Insurance Trust

- **b. Investment Company Act file number:** 811-05010

- **c. CIK number of Registrant:** 0000810695

- **d. LEI of Registrant:** 5493002ZGLQMLR4QMA96

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2960 N. MERIDIAN STREET

  - **City:** INDIANAPOLIS

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46208

  - **Telephone number:** 800-253-0412

**Item A.2. Information about the Series.**

- **a. Name of Series:** Rational Inflation Growth Fund

- **b. EDGAR series identifier (if any):** S000072819

- **c. LEI of Series:** 549300QUWFML5BV58W72

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3740633.24

**Total Liabilities:** $29898.66

**Net Assets:** $3710734.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229366 | 10.86%               | 6.50%                | -3.54%               |
| Class ID C000229365 | 10.73%               | 6.50%                | -3.44%               |
| Class ID C000229367 | 10.69%               | 6.44%                | -3.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-26023.89               | $373578.33                                 |
| Month 2  | $0.00                    | $229629.67                                 |
| Month 3  | $-103909.71              | $-105482.80                                |

### Schedule of Portfolio Investments

| Name                                                          | Title                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Markel Corporation                                            | MARKEL CORP               | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |        37 | NS      | $48747.13     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co.                                 | RELIANCE STEEL            | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       307 | NS      | $62149.08     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.                                     | TRAVELERS COS IN          | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       276 | NS      | $51747.24     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                                | TC ENERGY CORP            | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |       953 | NS      | $37986.58     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                                              | PARAMOUNT GLOBAL          | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |      1462 | NS      | $24678.56     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares US ETF Trust                                          | ISHARES GSCI COM          | CUSIP: 46431W853<br>LEI: 5493002YECWEEITPWL97 | Long             | EC               | RF                | US        |      1896 | NS      | $53448.24     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                                          | STEEL DYNAMICS            | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |       740 | NS      | $72298.00     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                                     | UNION PAC CORP            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       208 | NS      | $43070.56     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                                           | EOG RESOURCES             | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       521 | NS      | $67479.92     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                                       | BERKSHIRE HATH-B          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       163 | NS      | $50350.70     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                                   | UNITED PARCEL-B           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       246 | NS      | $42764.64     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corporation                                      | BARRICK GOLD CRP          | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      2421 | NS      | $41592.78     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Coca-Cola Company                                         | COCA-COLA CO/THE          | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |       748 | NS      | $47580.28     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd.                                 | CANADIAN PACIFIC          | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       610 | NS      | $45499.90     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips Co.                                            | CONOCOPHILLIPS            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |       633 | NS      | $74694.00     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation                                  | NORFOLK SOUTHERN          | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       163 | NS      | $40166.46     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.                                | AIR PRODS & CHEM          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       186 | NS      | $57336.36     | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                     | LINDE PLC                 | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |       155 | NS      | $50557.90     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                                             | NUCOR CORP                | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       434 | NS      | $57205.54     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| The Williams Companies, Inc.                                  | WILLIAMS COS INC          | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      1691 | NS      | $55633.90     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                                    | ONEOK INC                 | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |       798 | NS      | $52428.60     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                                 | PROLOGIS INC              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |       338 | NS      | $38102.74     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraneshares Tr                                                | KRANESHARES GLOB          | CUSIP: 500767678<br>LEI: 549300VLDRC0RUX0E553 | Long             | EC               | RF                | US        |      1755 | NS      | $64004.85     | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Minas Buenaventura                                            | BUENAVENTURA-ADR          | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |      5652 | NS      | $42107.40     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                                   | BANK OF AMERICA           | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      1158 | NS      | $38352.96     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                                   | ECOLAB INC                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       245 | NS      | $35662.20     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                          | JPMORGAN CHASE            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       330 | NS      | $44253.00     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                                      | ALLSTATE CORP             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       365 | NS      | $49494.00     | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation                                  | ANTERO MIDSTREAM          | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4748 | NS      | $51230.92     | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                                     | PAN AMER SILVER           | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      1979 | NS      | $32336.86     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corporation                                       | EXXON MOBIL CORP          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       701 | NS      | $77320.30     | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp.                                   | FIRST MAJESTIC S          | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |      4171 | NS      | $34786.14     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Actively Managed Exchange-Traded Commodity Fund Trust | INVESCO OPTIMUM YIELD DIV | CUSIP: 46090F100<br>LEI: 549300J84F1VGX03MG06 | Long             | EC               | RF                | US        |      4772 | NS      | $70530.16     | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                                               | CSX CORP                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      1271 | NS      | $39375.58     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                                       | MASTERCARD INC-A          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       125 | NS      | $43466.25     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Abrdn Etfs                                                    | ABRDN BLOOMBERG           | CUSIP: 003261104<br>LEI: 54930044UD4VERB62W69 | Long             | EC               | RF                | US        |      3220 | NS      | $71033.20     | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                                 | EQUINIX INC               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |        65 | NS      | $42576.95     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                                   | PROGRESSIVE CORP          | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       473 | NS      | $61352.83     | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                                  | APOLLO GLOBAL MA          | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       773 | NS      | $49309.67     | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                                | CITIGROUP INC             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       790 | NS      | $35731.70     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Graniteshares Etf Trust                                       | GRANITESHARES BCOM BROAD  | CUSIP: 38747R108<br>LEI: 549300ODHHSS5JB0RB94 | Long             | EC               | RF                | US        |      2439 | NS      | $54853.11     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Db Commodty Indx Trackng Fd                           | INVESCO DB COMMODITY INDE | CUSIP: 46138B103<br>LEI: 549300HIW8J5DIIYYM41 | Long             | EC               | RF                | US        |      2998 | NS      | $73900.70     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation                                    | AMERICAN TOWER C          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |       184 | NS      | $38982.24     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corporation                                         | STARBUCKS CORP            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |       489 | NS      | $48508.80     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                                           | WALT DISNEY CO            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       330 | NS      | $28670.40     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                                                | SSR MINING INC            | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |      2743 | NS      | $42982.81     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                                | PUBLIC STORAGE            | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |       142 | NS      | $39786.98     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                        | AGNICO EAGLE MIN          | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |       888 | NS      | $46167.12     | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company                                  | SHERWIN-WILLIAMS          | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       170 | NS      | $40346.10     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                                         | WELLS FARGO & CO          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      1001 | NS      | $41331.29     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                                  | HONEYWELL INTL            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       233 | NS      | $49931.90     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corporation                                        | MCDONALDS CORP            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       199 | NS      | $52442.47     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                                           | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |       797 | NS      | $37618.40     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Incorporation                                 | PAYPAL HOLDINGS           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |       572 | NS      | $40737.84     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                                            | BOEING CO/THE             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       247 | NS      | $47051.03     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Enlink Midstream LLC                                          | ENLINK MIDSTREAM          | CUSIP: 29336T100<br>LEI: 54930000GY1H533OBE23 | Long             | EC               | CORP              | US        |      6419 | NS      | $78953.70     | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Company                                          | HECLA MINING CO           | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |      8558 | NS      | $47582.48     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Steel Corporation                               | US STEEL CORP             | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |      2060 | NS      | $51603.00     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                                            | FRANCO-NEVADA CO          | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       342 | NS      | $46676.16     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corporation                             | RAYTHEON TECHNOL          | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       538 | NS      | $54294.96     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                          | CLEVELAND-CLIFFS          | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |      2326 | NS      | $37471.86     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corporation                           | WHEATON PRECIOUS          | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      1155 | NS      | $45137.40     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                                                  | US BANK MMDA-USBGFS 5     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    155289 | PA      | $155288.87    | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Incorporation                                        | ENBRIDGE INC              | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      1173 | NS      | $45864.30     | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                      | VISA INC-CLASS A          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       211 | NS      | $43837.36     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                                             | CROWN CASTLE INC          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |       268 | NS      | $36351.52     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                                           | CHEVRON CORP              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       389 | NS      | $69821.61     | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                           | KINDER MORGAN IN          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      2811 | NS      | $50822.88     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                                          | SCHLUMBERGER LTD          | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      1417 | NS      | $75752.82     | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares S&P Gsci C                                            | ISHARES S&P GSCI COMMODIT | CUSIP: 46428R107<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      3223 | NS      | $68424.29     | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                                         | FREEPORT-MCMORAN          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      1254 | NS      | $47652.00     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                                     | DRXN AUS BRD COM          | CUSIP: 25460E307<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |      2823 | NS      | $83052.66     | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** Mutual Fund & Variable Insurance Trust

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer