# EDGAR Filing Document

**Accession Number:** 0000810695
**File Stem:** 0000910472-25-000314
**Filing Date:** 2025-8
**Character Count:** 25153
**Document Hash:** f14315428393f3704fdb95e33c25ba7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000314.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0000910472-25-000314

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**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:** 251266452

**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 Equity Armor Fund (Series ID: S000005856)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000016036 | Rational Equity Armor Fund Class A Shares       | HDCAX           |
| C000016038 | Rational Equity Armor Fund Institutional Shares | HDCTX           |
| C000135443 | Rational Equity Armor Fund Class C Shares       | HDCEX           |

## 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 Equity Armor Fund

- **b. EDGAR series identifier (if any):** S000005856

- **c. LEI of Series:** 5493000T84B5N645DS88

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $42175490.34

**Total Liabilities:** $2146157.87

**Net Assets:** $40029332.47

**Cash Not Reported:** $947105.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016038 | 0.43%                | 4.35%                | 2.74%                |
| Class ID C000135443 | 0.33%                | 4.38%                | 2.62%                |
| Class ID C000016036 | 0.32%                | 4.38%                | 2.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-42004.30               | $118604.52                                 |
| Month 2  | $120291.99               | $1911242.44                                |
| Month 3  | $334496.97               | $1080899.79                                |

**Designated Index Information**

- **Index Name:** RATIONAL EQUITY ARMOR DRP

- **Index Identifier:** RATIONAL EQUITY ARMOR DRP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Simon Property Group Inc              | SIMON PROPERTY           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      2549 | NS      | $409777.24    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                  | CORNING INC              | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     10518 | NS      | $553141.62    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | WALMART INC              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      7077 | NS      | $691989.06    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc             | PALANTIR TECHN-A         | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      6490 | NS      | $884716.80    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                           | ABBVIE INC               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1877 | NS      | $348408.74    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | MORGAN STANLEY           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      2547 | NS      | $358770.42    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                    | NEXTERA ENERGY           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     11573 | NS      | $803397.66    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE FUTURES EXCHANGE                 | CBOE VIX FUTURE   Oct25  | CUSIP: N/A<br>LEI: 254900O9GJPIWCP8RH13       | Long             | DE               | CORP              | US        |        21 | NC      | $-2144.60     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | APPLE INC                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4060 | NS      | $832990.20    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation             | UNION PAC CORP           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       716 | NS      | $164737.28    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                           | VISTRA CORP              | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       513 | NS      | $99424.53     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                         | EQUINIX INC              | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       521 | NS      | $414439.87    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | ALPHABET INC-A           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      8327 | NS      | $1467467.21   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                | CRISPR THERAPEUT         | CUSIP: H17182108<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |      2131 | NS      | $103651.84    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                       | CATERPILLAR INC          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      2125 | NS      | $824946.25    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION ISSUER                         | S&P Emini 3rd Wk  Jul25P | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |       -10 | NC      | $-25.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-COMM SERV           | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      6441 | NS      | $699041.73    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | AMAZON.COM INC           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      5544 | NS      | $1216298.16   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                      | MCDONALDS CORP           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       581 | NS      | $169750.77    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                     | HSBC HOLDING-ADR         | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     15723 | NS      | $955801.17    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation          | COSTCO WHOLESALE         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       471 | NS      | $466261.74    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | REAL EST SEL SEC         | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     16714 | NS      | $692293.88    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                    | COCA-COLA CO/THE         | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      3578 | NS      | $253143.50    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-FINL SELECT         | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     21069 | NS      | $1103383.53   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.               | BERKSHIRE HATH-A         | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |         1 | NS      | $728800.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                     | CIENA CORP               | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      2200 | NS      | $178926.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                   | VANGUARD INF T E         | CUSIP: 92204A702<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |       720 | NS      | $477561.60    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE FUTURES EXCHANGE                 | CBOE VIX FUTURE   Sep25  | CUSIP: N/A<br>LEI: 254900O9GJPIWCP8RH13       | Long             | DE               | CORP              | US        |        55 | NC      | $-30784.01    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust                | SPDR S&P 500 ETF         | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      1993 | NS      | $1231375.05   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.            | CONSTELLATION EN         | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       312 | NS      | $100701.12    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS-A         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1286 | NS      | $949183.74    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES CYBER-TC         | CUSIP: 46435U135<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      7816 | NS      | $415889.36    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-CONS STAPLE         | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     13987 | NS      | $1132527.39   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE FUTURES EXCHANGE                 | CBOE VIX FUTURE   Aug25  | CUSIP: N/A<br>LEI: 254900O9GJPIWCP8RH13       | Long             | DE               | CORP              | US        |        22 | NC      | $-4452.80     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                | PALO ALTO NETWOR         | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2039 | NS      | $417260.96    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                       | ELI LILLY & CO           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       446 | NS      | $347670.38    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.             | FIRST AM-TR OB-X         | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1404712 | PA      | $1404711.51   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                         | PROLOGIS INC             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      3854 | NS      | $405132.48    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                         | QUALCOMM INC             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      3444 | NS      | $548491.44    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | EXXON MOBIL CORP         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      9734 | NS      | $1049325.20   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                          | BROADCOM INC             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      3539 | NS      | $975525.35    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-CONS DISCRE         | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      3175 | NS      | $690022.75    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                       | HOME DEPOT INC           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2225 | NS      | $815774.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES-C S&P500         | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      2118 | NS      | $1315066.20   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.               | BERKSHIRE HATH-B         | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1475 | NS      | $716510.75    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                      | NRG ENERGY               | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       606 | NS      | $97311.48     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                  | PAYPAL HOLDINGS          | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      7453 | NS      | $553906.96    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                     | INTEL CORP               | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     16844 | NS      | $377305.60    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                  | SCHLUMBERGER LTD         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     16081 | NS      | $543537.80    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | IBM                      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2370 | NS      | $698628.60    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                             | TESLA INC                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      2136 | NS      | $678521.76    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION ISSUER                         | S&P Emini 3rd Wk  Jul25C | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       192 | NC      | $1363200.00   | 3.41%             |  |  |  | No            |                  2 | On Loan: No      |
| OPTION ISSUER                         | S&P Emini 3rd Wk  Jul25P | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        10 | NC      | $25.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nebius Group N.V.                     | NEBIUS GROUP NV          | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |       695 | NS      | $38454.35     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                  | VANGUARD S&P 500         | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      1420 | NS      | $806602.60    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-UTIL SELECT         | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      7966 | NS      | $650503.56    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION ISSUER                         | S&P Emini 3rd Wk  Jul25C | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |       -10 | NC      | $-2071750.00  | -5.18%            |  |  |  | No            |                  2 | On Loan: No      |
| OPTION ISSUER                         | S&P Emini 3rd Wk  Jul25C | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        10 | NC      | $3069250.00   | 7.67%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA CORP              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6304 | NS      | $995968.96    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE FUTURES EXCHANGE                 | CBOE VIX FUTURE   Jul25  | CUSIP: N/A<br>LEI: 254900O9GJPIWCP8RH13       | Long             | DE               | CORP              | US        |        59 | NC      | $-31712.50    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMORGAN CHASE           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      3658 | NS      | $1060490.78   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                              | VISA INC-CLASS A         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1968 | NS      | $698738.40    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE           | S&P500 EMINI FUT  Sep25  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DE               | CORP              | US        |       -83 | NC      | $-637176.37   | -1.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | MICROSOFT CORP           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2385 | NS      | $1186322.85   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-INDU SELECT         | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      6507 | NS      | $959912.64    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES U.S. AER         | CUSIP: 464288760<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      3676 | NS      | $693440.64    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer