COIN 0 1/4 04/01/30

NPORT-P false 0000810695 XXXXXXXX S000067226 C000216241 C000216243 C000216242 Mutual Fund & Variable Insurance Trust 811-05010 0000810695 5493002ZGLQMLR4QMA96 2960 N. MERIDIAN STREET SUITE 300 INDIANAPOLIS 46208 800-253-0412 Rational/Pier 88 Convertible Securities Fund S000067226 549300U10SED5ENMOS28 2025-12-31 2025-06-30 N 207147301.40 1090855.48 206056445.92 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N Coinbase Global Inc 5493004G3J2SC154DU06 COIN 0 1/4 04/01/30 19260QAF4 2820000.00000000 PA USD 3681510.00000000 1.786651217613 Long DBT CORP US N 2 2030-04-01 Fixed 0.25000000 N N N N Y Coinbase Global Inc Coinbase Global Inc COM CL A USD XXXX N N N Shift4 Payments Inc N/A FOUR 0 1/2 08/01/27 82452JAD1 7006000.00000000 PA USD 7496420.00000000 3.638041977541 Long DBT CORP US N 2 2027-08-01 Fixed 0.50000000 N N N N Y Shift4 Payments Inc Shift4 Payments Inc CL A USD XXXX N N N Apollo Global Management Inc 254900LMFT1CY9IYB476 APO 6 3/4 03769M304 115800.00000000 NS USD 8667630.00000000 4.206434776306 Long EP CORP US N 1 N N N PROS Holdings Inc. 549300LPE1KNL5RWKQ48 PRO 2 1/4 09/15/27 74346YAG8 2211000.00000000 PA USD 2073918.00000000 1.006480525634 Long DBT CORP US N 2 2027-09-15 Fixed 2.25000000 N N N N Y PROS Holdings Inc. PROS Holdings Inc. COM USD XXXX N N N Tyler Technologies Inc. 25490040SMU4Z8LBCW70 TYL 0 1/4 03/15/26 902252AB1 3320000.00000000 PA USD 4080280.00000000 1.980175859960 Long DBT CORP US N 2 2026-03-15 Fixed 0.25000000 N N N N Y Tyler Technologies Inc. Tyler Technologies Inc. COM USD XXXX N N N Tradeweb Markets Inc N/A TRADEWEB MARKE-A 892672106 14600.00000000 NS USD 2137440.00000000 1.037308000949 Long EC CORP US N 1 N N N DraftKings Inc. 2549006G33IUL6IVOD83 DKNG 0 03/15/28 26142RAB0 8650000.00000000 PA USD 7737425.00000000 3.755002647674 Long DBT CORP US N 2 2028-03-15 Fixed 0.00000000 N N N N Y DraftKings Inc. DraftKings Inc. COM CL A USD XXXX N N N Digital Realty Trust, L.P. CD4SPTZ3YBTHY0C1AH38 DLR 1 7/8 11/15/29 25389JAX4 4459000.00000000 PA USD 4688192.60000000 2.275198224966 Long DBT CORP US Y 2 2029-11-15 Fixed 1.87500000 N N N N Y Digital Realty Trust Inc. Digital Realty Trust Inc. COM USD XXXX N N N Welltower OP LLC T6IZ0MBEG5ACZDTR7D06 WELL 2 3/4 05/15/28 95041AAB4 4360000.00000000 PA USD 7098080.00000000 3.444726015878 Long DBT CORP US Y 2 2028-05-15 Fixed 2.75000000 N N N N Y Welltower OP LLC Welltower OP LLC COM USD XXXX N N N First American Funds Inc. 549300J5J5SJCZ9IA369 FIRST AM-TR OB-X 31846V328 3191107.07000000 PA USD 3191107.07000000 1.548656755556 Long STIV RF US N 1 N N N Ares Management Corporation 529900JUV61FH7B8VW38 ARES 6 3/4 03990B309 116100.00000000 NS USD 6153300.00000000 2.986220582679 Long EP CORP US N 1 N N N Etsy Inc 54930089Q7XT501AEA40 ETSY 0 1/4 06/15/28 29786AAN6 8040000.00000000 PA USD 6890280.00000000 3.343879862256 Long DBT CORP US N 2 2028-06-15 Fixed 0.25000000 N N N N Y Etsy Inc Etsy Inc COM USD XXXX N N N Servicenow Inc 549300HJTQM36M0E1G39 SERVICENOW INC 81762P102 4000.00000000 NS USD 4112320.00000000 1.995724997409 Long EC CORP US N 1 N N N Meritage Homes Corp 52990044W9UMFJO2FB97 MTH 1 3/4 05/15/28 59001ABF8 2112000.00000000 PA USD 2044891.24000000 0.992393725355 Long DBT CORP US N 2 2028-05-15 Fixed 1.75000000 N N N N Y Meritage Homes Corp Meritage Homes Corp COM USD XXXX N N N Cyberark Software Ltd. 529900YEXNDM894PWS93 CYBERARK SOFTWAR M2682V108 14000.00000000 NS USD 5696320.00000000 2.764446399415 Long EC CORP IL N 1 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 META PLATFORMS-A 30303M102 6600.00000000 NS USD 4871394.00000000 2.364106581694 Long EC CORP US N 1 N N N Kite Realty Group, L.P. 549300X6R2GYI8Y3OD81 KRG 0 3/4 04/01/27 49803XAB9 6350000.00000000 PA USD 6556420.09000000 3.181856340735 Long DBT CORP US Y 2 2027-04-01 Fixed 0.75000000 N N N N Y Kite Realty Group Trust Kite Realty Group Trust COM NEW USD XXXX N N N Booking Holdings Inc FXM8FAOHMYDIPD38UZ17 BOOKING HOLDINGS 09857L108 1600.00000000 NS USD 9262784.00000000 4.495265342777 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 BAC 7 1/4 PERP 060505682 8048.00000000 NS USD 9762224.00000000 4.737645530288 Long EP CORP US N 1 N N N Global Payments Inc 549300NOMHGVQBX6S778 GPN 1 1/2 03/01/31 37940XAU6 6667000.00000000 PA USD 5953631.00000000 2.889320435193 Long DBT CORP US N 2 2031-03-01 Fixed 1.50000000 N N N N Y Global Payments Inc Global Payments Inc COM USD XXXX N N N Ford Motor Company 20S05OYHG0MQM4VUIC57 F 0 03/15/26 345370CZ1 2110000.00000000 PA USD 2084680.00000000 1.011703366372 Long DBT CORP US N 2 2026-03-15 Fixed 0.00000000 N N N N Y Ford Motor Company Ford Motor Company COM USD XXXX N N N Nutanix Inc 549300X7J6E8TKVIXW09 NTNX 0 1/2 12/15/29 67059NAJ7 5193000.00000000 PA USD 5884680.23000000 2.855858356542 Long DBT CORP US Y 2 2029-12-15 Fixed 0.50000000 N N N N Y Nutanix Inc Nutanix Inc CL A USD XXXX N N N KKR & Co Inc. 54930013V5I303TF9571 KKR 6 1/4 48251W500 152200.00000000 NS USD 8157920.00000000 3.959070517583 Long EP CORP US N 1 N N N NextEra Energy Inc 254900RHL9MEUS5NKX63 NEE 7.234 65339F119 74400.00000000 NS USD 3292200.00000000 1.597717550305 Long DBT CORP US N 1 2027-11-01 Fixed 7.23400000 N N N Y N NextEra Energy Inc NextEra Energy Inc COM USD XXXX N N N DexCom Inc 549300YSK3QDSFR5EU59 DXCM 0 1/4 11/15/25 252131AK3 9150000.00000000 PA USD 8976150.00000000 4.356160740288 Long DBT CORP US N 2 2025-11-15 Fixed 0.25000000 N N N N Y DexCom Inc DexCom Inc COM USD XXXX N N N Veeva Systems Inc 549300YZEXPDB92M2F02 VEEVA SYSTEMS-A 922475108 12500.00000000 NS USD 3599750.00000000 1.746972769489 Long EC CORP US N 1 N N N Okta Inc. 549300N8J06I8MRHU620 OKTA 0 3/8 06/15/26 679295AF2 7402000.00000000 PA USD 7061508.00000000 3.426977481083 Long DBT CORP US N 2 2026-06-15 Fixed 0.37500000 N N N N Y Okta Inc. Okta Inc. CL A USD XXXX N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 WFC 7 1/2 PERP 949746804 8200.00000000 NS USD 9627866.00000000 4.672441066822 Long EP CORP US N 1 N N N PPL Capital Funding Inc. 549300MROK5WY0D2NU17 PPL 2 7/8 03/15/28 69352PAS2 7260000.00000000 PA USD 7841182.82000000 3.805356723974 Long DBT CORP US N 2 2028-03-15 Fixed 2.87500000 N N N N N PPL Corporation PPL Corporation COM USD XXXX N N N Ventas Realty Limited Partnership 32SXKSJ72K64GM3HOU64 VTR 3 3/4 06/01/26 92277GAZ0 5030000.00000000 PA USD 6013365.00000000 2.918309579276 Long DBT CORP US N 2 2026-06-01 Fixed 3.75000000 N N N N Y Ventas Inc. Ventas Inc. COM USD XXXX N N N Uber Technologies Inc 549300B2FTG34FILDR98 UBER 0 7/8 12/01/28 90353TAM2 7339000.00000000 PA USD 10469083.50000000 5.080687213281 Long DBT CORP US N 2 2028-12-01 Fixed 0.87500000 N N N N Y Uber Technologies Inc Uber Technologies Inc COM USD XXXX N N N American Water Capital Corp 5IDHQUFVC8Q2KIBBFF06 AWK 3 5/8 06/15/26 03040WBE4 7020000.00000000 PA USD 7047378.00000000 3.420120136759 Long DBT CORP US N 2 2026-06-15 Fixed 3.62500000 N N N N N American Water Works Company, Inc. American Water Works Company, Inc. COM USD XXXX N N N Transdigm Group Inc. N/A TRANSDIGM GROUP 893641100 2800.00000000 NS USD 4257792.00000000 2.066323128592 Long EC CORP US N 1 N N N Alliant Energy Corporation 5493009ML300G373MZ12 LNT 3 7/8 03/15/26 018802AC2 6930000.00000000 PA USD 7117110.00000000 3.453961349388 Long DBT CORP US N 2 2026-03-15 Fixed 3.87500000 N N N N Y Alliant Energy Corporation Alliant Energy Corporation COM USD XXXX N N N 2025-07-28 Mutual Fund & Variable Insurance Trust Erik Naviloff Erik Naviloff Treasurer