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                    <identifiers>
                      <ticker value="SPX 08/21/26 P3600 Index"/>
                    </identifiers>
                    <othIndNotAmt>209235.29000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>524.01000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SPX 08/21/26 P5325 Index</othIndName>
                    <identifiers>
                      <ticker value="SPX 08/21/26 P5325 Index"/>
                    </identifiers>
                    <othIndNotAmt>-244197.39000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2771.56000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SPX 08/21/26 P5400 Index</othIndName>
                    <identifiers>
                      <ticker value="SPX 08/21/26 P5400 Index"/>
                    </identifiers>
                    <othIndNotAmt>-196514.78000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2428.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SPX 08/21/26 P5500 Index</othIndName>
                    <identifiers>
                      <ticker value="SPX 08/21/26 P5500 Index"/>
                    </identifiers>
                    <othIndNotAmt>-254672.73000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3533.26000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SPX 08/21/26 P5550 Index</othIndName>
                    <identifiers>
                      <ticker value="SPX 08/21/26 P5550 Index"/>
                    </identifiers>
                    <othIndNotAmt>-144128.31000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2121.24000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SPX 08/21/26 P5600 Index</othIndName>
                    <identifiers>
                      <ticker value="SPX 08/21/26 P5600 Index"/>
                    </identifiers>
                    <othIndNotAmt>-209235.29000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3270.00000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                </components>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">performance</otherRecDesc>
            <fixedPmntDesc amount="-0.01000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000100"/>
            <terminationDt>2026-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-14878251.42000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>161751.52000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Mutual Fund &amp; Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>Erik Naviloff</ncom:signature>
      <ncom:signerName>Erik Naviloff</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
