# EDGAR Filing Document

**Accession Number:** 0000810695
**File Stem:** 0000910472-25-000310
**Filing Date:** 2025-8
**Character Count:** 16314
**Document Hash:** c9de42016ce6bcad9a19102aca4e10d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000310.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0000910472-25-000310

**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:** 251266450

**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:** 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:** $207147301.40

**Total Liabilities:** $1090855.48

**Net Assets:** $206056445.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 214.08322700 | **1-Year:** 3118.31647100 | **5-Year:** 4836.50326200 | **10-Year:** 312.68023300 | **30-Year:** 0.00000000

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

- **3-Month:** 67.00053900 | **1-Year:** 3880.82494800 | **5-Year:** 3862.89995300 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216241 | 0.18%                | 0.55%                | 2.03%                |
| Class ID C000216243 | 0.09%                | 0.46%                | 1.89%                |
| Class ID C000216242 | 0.18%                | 0.55%                | 1.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3158580.26             | $3093161.26                                |
| Month 2  | $156441.28               | $793734.16                                 |
| Month 3  | $-284779.68              | $2582055.09                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Coinbase Global Inc               | COIN 0 1/4 04/01/30 | CUSIP: 19260QAF4<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   2820000 | PA      | $3681510.00   | 1.79%             | 2030-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments Inc               | FOUR 0 1/2 08/01/27 | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7006000 | PA      | $7496420.00   | 3.64%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc      | APO 6 3/4           | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    115800 | NS      | $8667630.00   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc.                | PRO 2 1/4 09/15/27  | CUSIP: 74346YAG8<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | DBT              | CORP              | US        |   2211000 | PA      | $2073918.00   | 1.01%             | 2027-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Tyler Technologies Inc.           | TYL 0 1/4 03/15/26  | CUSIP: 902252AB1<br>LEI: 25490040SMU4Z8LBCW70 | Long             | DBT              | CORP              | US        |   3320000 | PA      | $4080280.00   | 1.98%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Tradeweb Markets Inc              | TRADEWEB MARKE-A    | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14600 | NS      | $2137440.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                   | DKNG 0 03/15/28     | CUSIP: 26142RAB0<br>LEI: 2549006G33IUL6IVOD83 | Long             | DBT              | CORP              | US        |   8650000 | PA      | $7737425.00   | 3.76%             | 2028-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust, L.P.        | DLR 1 7/8 11/15/29  | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   4459000 | PA      | $4688192.60   | 2.28%             | 2029-11-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| Welltower OP LLC                  | WELL 2 3/4 05/15/28 | CUSIP: 95041AAB4<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   4360000 | PA      | $7098080.00   | 3.44%             | 2028-05-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| First American Funds Inc.         | FIRST AM-TR OB-X    | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   3191107 | PA      | $3191107.07   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation       | ARES 6 3/4          | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |    116100 | NS      | $6153300.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                          | ETSY 0 1/4 06/15/28 | CUSIP: 29786AAN6<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |   8040000 | PA      | $6890280.00   | 3.34%             | 2028-06-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Servicenow Inc                    | SERVICENOW INC      | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      4000 | NS      | $4112320.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp               | MTH 1 3/4 05/15/28  | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   2112000 | PA      | $2044891.24   | 0.99%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Cyberark Software Ltd.            | CYBERARK SOFTWAR    | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     14000 | NS      | $5696320.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                | META PLATFORMS-A    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6600 | NS      | $4871394.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group, L.P.           | KRG 0 3/4 04/01/27  | CUSIP: 49803XAB9<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6556420.09   | 3.18%             | 2027-04-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Booking Holdings Inc              | BOOKING HOLDINGS    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1600 | NS      | $9262784.00   | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.             | BAC 7 1/4 PERP      | CUSIP: 060505682<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      8048 | NS      | $9762224.00   | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc               | GPN 1 1/2 03/01/31  | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   6667000 | PA      | $5953631.00   | 2.89%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                | F 0 03/15/26        | CUSIP: 345370CZ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $2084680.00   | 1.01%             | 2026-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Nutanix Inc                       | NTNX 0 1/2 12/15/29 | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |   5193000 | PA      | $5884680.23   | 2.86%             | 2029-12-15      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| KKR & Co Inc.                     | KKR 6 1/4           | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    152200 | NS      | $8157920.00   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                | NEE 7.234           | CUSIP: 65339F119<br>LEI: 254900RHL9MEUS5NKX63 | Long             | DBT              | CORP              | US        |     74400 | NS      | $3292200.00   | 1.60%             | 2027-11-01      | Fixed         | 7.23%                 | No            |                  1 | On Loan: No      |
| DexCom Inc                        | DXCM 0 1/4 11/15/25 | CUSIP: 252131AK3<br>LEI: 549300YSK3QDSFR5EU59 | Long             | DBT              | CORP              | US        |   9150000 | PA      | $8976150.00   | 4.36%             | 2025-11-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Veeva Systems Inc                 | VEEVA SYSTEMS-A     | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     12500 | NS      | $3599750.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc.                         | OKTA 0 3/8 06/15/26 | CUSIP: 679295AF2<br>LEI: 549300N8J06I8MRHU620 | Long             | DBT              | CORP              | US        |   7402000 | PA      | $7061508.00   | 3.43%             | 2026-06-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                 | WFC 7 1/2 PERP      | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      8200 | NS      | $9627866.00   | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Capital Funding Inc.          | PPL 2 7/8 03/15/28  | CUSIP: 69352PAS2<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |   7260000 | PA      | $7841182.82   | 3.81%             | 2028-03-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership | VTR 3 3/4 06/01/26  | CUSIP: 92277GAZ0<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   5030000 | PA      | $6013365.00   | 2.92%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc             | UBER 0 7/8 12/01/28 | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   7339000 | PA      | $10469083.50  | 5.08%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| American Water Capital Corp       | AWK 3 5/8 06/15/26  | CUSIP: 03040WBE4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   7020000 | PA      | $7047378.00   | 3.42%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Transdigm Group Inc.              | TRANSDIGM GROUP     | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2800 | NS      | $4257792.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation        | LNT 3 7/8 03/15/26  | CUSIP: 018802AC2<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |   6930000 | PA      | $7117110.00   | 3.45%             | 2026-03-15      | Fixed         | 3.88%                 | No            |                  2 | 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