# EDGAR Filing Document

**Accession Number:** 0000810695
**File Stem:** 0001752724-23-034674
**Filing Date:** 2023-2
**Character Count:** 15387
**Document Hash:** c976ab8547f1af6c95322760a8be8524
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-034674.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-034674

**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:** 23656739

**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/Pier 88 Convertible Securities Fund (Series ID: S000067226)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000216241 | Rational/Pier 88 Convertible Securities Fund-Institutional Shares | PBXIX           |
| C000216242 | Rational/Pier 88 Convertible Securities Fund-Class A Shares       | PBXAX           |
| C000216243 | Rational/Pier 88 Convertible Securities Fund-Class C Shares       | PBXCX           |

## 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/Pier 88 Convertible Securities Fund

- **b. EDGAR series identifier (if any):** S000067226

- **c. LEI of Series:** 549300U10SED5ENMOS28

**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:** $108179644.81

**Total Liabilities:** $124272.53

**Net Assets:** $108055372.28

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.05137400 | **1-Year:** 1680.65589800 | **5-Year:** 826.61030200 | **10-Year:** 2.39972400 | **30-Year:** 2.30311700

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 81.94343500 | **1-Year:** 2101.65679400 | **5-Year:** 4400.62514400 | **10-Year:** 102.20326700 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216241 | 4.06%                | 1.90%                | -1.59%               |
| Class ID C000216243 | 3.98%                | 1.91%                | -1.68%               |
| Class ID C000216242 | 4.05%                | 1.90%                | -1.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-86311.96               | $4416304.34                                |
| Month 2  | $-212433.81              | $1823274.28                                |
| Month 3  | $-516753.81              | $-1566292.16                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pioneer Natural Resources Company | PIONEER NATURAL       | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     11000 | NS      | $2512290.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.              | ANTM 2 3/4 10/15/42   | CUSIP: 94973VBG1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    570000 | PA      | $4168239.00   | 3.86%             | 2042-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Insulet Corporation               | PODD 0 3/8 09/01/26   | CUSIP: 45784PAK7<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $3134640.00   | 2.90%             | 2026-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| KBR Inc                           | KBR INC               | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     62803 | NS      | $3315998.40   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                      | US BANK MMDA-USBGFS 5 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   9468989 | PA      | $9468988.61   | 8.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc.                | PRO 1 05/15/24        | CUSIP: 74346YAH6<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | DBT              | CORP              | US        |   2970000 | PA      | $2747136.49   | 2.54%             | 2024-05-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chegg Inc                         | CHGG 0 09/01/26       | CUSIP: 163092AF6<br>LEI: 549300AKX7O8JG0O3G77 | Long             | DBT              | CORP              | US        |   2027000 | PA      | $1589978.80   | 1.47%             | 2026-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NuVasive Inc.                     | NUVA 1 06/01/23       | CUSIP: 670704AL9<br>LEI: 549300C5ZB4NZ6TWM881 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2613262.50   | 2.42%             | 2023-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Docusign Inc                      | DOCU 0 01/15/24       | CUSIP: 256163AD8<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1062200.00   | 0.98%             | 2024-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corporation          | ARCC 4 5/8 03/01/24   | CUSIP: 04010LAW3<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   3170000 | PA      | $3362181.25   | 3.11%             | 2024-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Etsy Inc                          | ETSY 0 1/4 06/15/28   | CUSIP: 29786AAN6<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3329820.00   | 3.08%             | 2028-06-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| KKR & Co Inc.                     | KKR 6                 | CUSIP: 48251W401<br>LEI: 549300JOHU21WRN2Z451 | Long             | EP               | CORP              | US        |     28900 | NS      | $1654525.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyber-Ark Software Limited        | CYBR 0 11/15/24       | CUSIP: 23248VAB1<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |   3345000 | PA      | $3539585.14   | 3.28%             | 2024-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Alteryx Inc                       | AYX 1 08/01/26        | CUSIP: 02156BAF0<br>LEI: 549300XWZG0JHL7I0827 | Long             | DBT              | CORP              | US        |   3640000 | PA      | $3021200.00   | 2.80%             | 2026-08-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                 | EXPE 0 02/15/26       | CUSIP: 30212PBE4<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |   4395000 | PA      | $3827730.98   | 3.54%             | 2026-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation       | BAC 7 1/4 PERP        | CUSIP: 060505682<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      4248 | NS      | $4927680.00   | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Inc                | NEE 6.219             | CUSIP: 65339F739<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | NS      | $4291650.00   | 3.97%             | 2023-09-01      | Fixed         | 6.22%                 | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company     | BDX 6                 | CUSIP: 075887406<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EP               | CORP              | US        |     90000 | NS      | $4507200.00   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.            | ON 0 05/01/27         | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $2557250.00   | 2.37%             | 2027-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DexCom Inc                        | DXCM 0 1/4 11/15/25   | CUSIP: 252131AK3<br>LEI: 549300YSK3QDSFR5EU59 | Long             | DBT              | CORP              | US        |   4990000 | PA      | $5426625.00   | 5.02%             | 2025-11-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corporation     | BSX 5 1/2             | CUSIP: 101137206<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EP               | CORP              | US        |     42135 | NS      | $4839308.15   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.           | EEFT 0 3/4 03/15/49   | CUSIP: 298736AL3<br>LEI: YG3575C4DSHJPA5KET68 | Long             | DBT              | CORP              | US        |   4470928 | PA      | $4227821.29   | 3.91%             | 2049-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Nextera Energy Inc                | NEE 5.279             | CUSIP: 65339F770<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25118 | NS      | $1273482.60   | 1.18%             | 2023-03-01      | Fixed         | 5.28%                 | No            |                  1 | On Loan: No      |
| NiSource Inc.                     | NI 7 3/4              | CUSIP: 65473P121<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     49300 | NS      | $5139525.00   | 4.76%             | 2023-12-01      | Fixed         | 7.75%                 | No            |                  1 | On Loan: No      |
| Danaher Corporation               | DHR 5                 | CUSIP: 235851409<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EP               | CORP              | US        |      3645 | NS      | $4947452.69   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Incorporation                | OKTA 0 3/8 06/15/26   | CUSIP: 679295AF2<br>LEI: 549300N8J06I8MRHU620 | Long             | DBT              | CORP              | US        |    979000 | PA      | $822360.00    | 0.76%             | 2026-06-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company             | WFC 7 1/2 PERP        | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      4183 | NS      | $4956855.00   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                        | SPLK 1 1/8 06/15/27   | CUSIP: 848637AF1<br>LEI: 549300XGDSGBP6UEI867 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $4725280.00   | 4.37%             | 2027-06-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Bunge Limited                     | BUNGE LTD             | CUSIP: G16962105<br>LEI: 5493007M0RIN8HY3MM77 | Long             | EC               | CORP              | BM        |     12182 | NS      | $1215398.14   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AMG Capital Tr Ii                 | AMG CAPITAL TRUST II  | CUSIP: 00170F209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     17000 | NS      | $875500.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.             | WDC 1 1/2 02/01/24    | CUSIP: 958102AP0<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   3913080 | PA      | $3727208.70   | 3.45%             | 2024-02-01      | Fixed         | 1.50%                 | No            |                  2 | 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