# EDGAR Filing Document

**Accession Number:** 0000810695
**File Stem:** 0000910472-26-002955
**Filing Date:** 2026-2
**Character Count:** 14733
**Document Hash:** 4df78cf3f15c073dd6ac9cc302cffa58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002955.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-002955

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05010
- **FILM NUMBER:** 26691810

**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 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           |

## 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 Dynamic Brands Fund

- **b. EDGAR series identifier (if any):** S000005874

- **c. LEI of Series:** 5493006NW756O7OO5831

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $63783110.78

**Total Liabilities:** $109106.10

**Net Assets:** $63674004.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016090 | -2.00%               | -1.64%               | -0.32%               |
| Class ID C000016092 | -1.97%               | -1.63%               | -0.29%               |
| Class ID C000135444 | -2.05%               | -1.70%               | -0.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1801767.40              | $-3135230.01                               |
| Month 2  | $723918.75               | $-1834903.95                               |
| Month 3  | $1073084.35              | $-1202186.76                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alibaba Group Holding Ltd.                   | ALIBABA GRP-ADR  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      2890 | NS      | $423616.20    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      9000 | NS      | $2817000.00   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | AMAZON.COM INC   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     14395 | NS      | $3322653.90   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                     | AMERICAN EXPRESS | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5980 | NS      | $2212301.00   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                 | APOLLO GLOBAL MA | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     17900 | NS      | $2591204.00   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | APPLE INC        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     10885 | NS      | $2959196.10   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                               | BLACKSTONE INC   | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     14300 | NS      | $2204202.00   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                         | BOOKING HOLDINGS | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       162 | NS      | $867563.46    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa            | CIE FINANCI-ADR  | CUSIP: 204319107<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     19000 | NS      | $409070.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                 | COSTCO WHOLESALE | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3344 | NS      | $2883664.96   | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3500 | NS      | $2310315.00   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | FIRST AM-TR OB-X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    159953 | PA      | $159952.60    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                              | GE VERNOVA INC   | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1600 | NS      | $1045712.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | INTUIT INC       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      4430 | NS      | $2934520.60   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                                | KKR & CO INC     | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     18925 | NS      | $2412559.00   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | ELI LILLY & CO   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1695 | NS      | $1821582.60   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                             | MERCADOLIBRE INC | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1525 | NS      | $3071746.50   | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      6122 | NS      | $2960721.64   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | NETFLIX INC      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     28650 | NS      | $2686224.00   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                              | SALESFORCE INC   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4675 | NS      | $1238454.25   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation               | SCHWAB (CHARLES) | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     22000 | NS      | $2198020.00   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                               | SERVICENOW INC   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     25500 | NS      | $3906345.00   | 6.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                              | STARBUCKS CORP   | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     15900 | NS      | $1338939.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                       | TJX COS INC      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     16950 | NS      | $2603689.50   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMIC-ADR | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1950 | NS      | $592585.50    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                        | TENCENT HOLD-ADR | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      5450 | NS      | $417197.50    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | TESLA INC        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       650 | NS      | $292318.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Transdigm Group Inc.                         | TRANSDIGM GROUP  | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       500 | NS      | $664925.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | UBER TECHNOLOGIE | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     33200 | NS      | $2712772.00   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                      | UNITEDHEALTH GRP | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2000 | NS      | $660220.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | WALMART INC      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     26950 | NS      | $3002499.50   | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker Inc                             | WARBY PARKER-A   | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43500 | NS      | $947865.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                      | SPOTIFY TECHNOLO | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      5275 | NS      | $3063245.25   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer