# EDGAR Filing Document

**Accession Number:** 0000810695
**File Stem:** 0001580642-25-004224
**Filing Date:** 2025-7
**Character Count:** 5353
**Document Hash:** 54c988a50c70cccf188757f08c82ccf4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-004224.hdr.sgml**: 20250711

**ACCESSION NUMBER**: 0001580642-25-004224

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20250711

**DATE AS OF CHANGE**: 20250711

**EFFECTIVENESS DATE**: 20250711

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **CENTRAL INDEX KEY:** 0000810695

**ORGANIZATION NAME:**
- **EIN:** 043023766
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-11905
- **FILM NUMBER:** 251118574

**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 Dynamic Brands Fund (Series ID: S000005874)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                        | Ticker Symbol | Class ID   |
| Rational Dynamic Brands Fund Class A Shares       | HSUAX         | C000016090 |
| Rational Dynamic Brands Fund Institutional Shares | HSUTX         | C000016092 |
| Rational Dynamic Brands Fund Class C Shares       | HSUCX         | C000135444 |

---

## Series and Classes Contracts Data

### Rational Dynamic Brands Fund (Series ID: S000005874)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000016090 | Rational Dynamic Brands Fund Class A Shares       | HSUAX           |
| C000016092 | Rational Dynamic Brands Fund Institutional Shares | HSUTX           |
| C000135444 | Rational Dynamic Brands Fund Class C Shares       | HSUCX           |

?xml version='1.0' encoding='ASCII'?

![](image_001.gif)

**Rational Dynamic Brands Fund**

**(the "Fund")** 

Class A Shares: HSUAX Class C Shares: HSUCX Institutional Shares: HSUTX

**July 11, 2025**

***The information in this Supplement amends certain information contained in the currently effective Prospectus and Summary Prospectus for the Fund, each dated May 1, 2025.***

**_____________________________________________________________________________**

The Fund's primary benchmark for comparing its performance has changed from the MSCI ACWI Index to the Morningstar Global Target Market Exposure Index. Accordingly, the Average Annual Total Returns table contained under the section of the Fund's Prospectus and Summary Prospectus entitled "Fund Summary – Performance" is hereby replaced with the following:

**Average Annual Total Returns (For periods ended December 31, 2024)**

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Years** | &nbsp;&nbsp;**10 Years** |
| &nbsp;&nbsp;**Institutional Shares** |  |  |  |
| &nbsp;&nbsp;Return Before Taxes | &nbsp;&nbsp;26.26% | &nbsp;&nbsp;14.18% | &nbsp;&nbsp;10.90% |
| &nbsp;&nbsp;Return After Taxes on Distributions | &nbsp;&nbsp;26.26% | &nbsp;&nbsp;12.27% | &nbsp;&nbsp;6.34% |
| &nbsp;&nbsp;Return After Taxes on Distributions and Sale of Fund Shares | &nbsp;&nbsp;15.55% | &nbsp;&nbsp;10.52% | &nbsp;&nbsp;6.66% |
| &nbsp;&nbsp;**Class A Shares** |  |  |  |
| &nbsp;&nbsp;Return Before Taxes | &nbsp;&nbsp;19.96% | &nbsp;&nbsp;12.77% | &nbsp;&nbsp;10.06% |
| &nbsp;&nbsp;**Class C Shares** |  |  |  |
| &nbsp;&nbsp;Return Before Taxes | &nbsp;&nbsp;25.05% | &nbsp;&nbsp;13.07% | &nbsp;&nbsp;9.89% |
| &nbsp;&nbsp;**Morningstar Global Target Market Exposure Index (reflects no deduction for fees, expenses or taxes) <sup>(1)</sup>** | &nbsp;&nbsp;17.20% | &nbsp;&nbsp;10.01% | &nbsp;&nbsp;9.21% |
| &nbsp;&nbsp;**S&P 500 Total Return Index<sup>®</sup><br> (reflects no deduction for fees, expenses or taxes) <sup>(1)</sup>** | &nbsp;&nbsp;25.02% | &nbsp;&nbsp;14.53% | &nbsp;&nbsp;13.10% |
| &nbsp;&nbsp;**MSCI ACWI Index (reflects no deduction for fees, expenses or taxes) <sup>(1)</sup>** | &nbsp;&nbsp;18.01% | &nbsp;&nbsp;10.58% | &nbsp;&nbsp;9.79% |

---

1. The Fund changed its primary benchmark from the MSCI
ACWI Index to the Morningstar Global Target Market Exposure Index because the continued use of the MSCI ACWI Index as a benchmark of the
Fund is no longer authorized except in order to comply with regulatory requirements.

\* \* \*

***You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information for the Fund, each dated May 1, 2025, which provides information that you should know about the Fund before investing. This document is available upon request and without charge by calling the Fund toll-free at 1-800-253-0412 or by writing to Rational Funds, c/o Ultimus Fund Solutions, LLC, 225 Pictoria Dr, Suite 450, Cincinnati, OH 45246.***

**Please retain this Supplement for future reference.**