# Rational Special Situations Income Fund

Rational Special Situations Income Fund is a registered fund series of Mutual Fund & Variable Insurance Trust (series S000065726). Net assets $1.3B as of 2026-03-31.

## Profile

- Series ID: S000065726
- Registrant: Mutual Fund & Variable Insurance Trust
- LEI: 549300LC5CGS20PBIT17
- Net assets: $1.3B
- Total assets: $1.3B
- As of: 2026-03-31

## Advisers

- [Rational Advisors, Inc. (Advisor)](https://search.stillhousedata.com/firm/111452)
- [ESM Management, LLC (Subadvisor)](https://search.stillhousedata.com/firm/150142)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [Ambac Assurance Corporation](https://search.stillhousedata.com/security/023138AA8) | — | $124.6M | 956.65% |
| [First American Funds Inc.](https://search.stillhousedata.com/security/31846V328) | — | $61.8M | 474.48% |
| [Wfld Mtg Tr 2014-Mont](https://search.stillhousedata.com/security/92939GAA5) | — | $26.9M | 206.76% |
| [MBIA Global Funding, LLC](https://search.stillhousedata.com/security/U5777LAB6) | — | $24.8M | 190.65% |
| [Comm 2012-CCRE3 Mortgage Trust](https://search.stillhousedata.com/security/12624PAL9) | — | $21.0M | 160.85% |
| [J.P. Morgan Chase Commercial Mortgage Securities Trust](https://search.stillhousedata.com/security/46634SAM7) | — | $20.8M | 160.01% |
| [Comm 2012-LTRT](https://search.stillhousedata.com/security/12624NAC4) | — | $19.8M | 151.66% |
| [CG-Ccre Commercial Mtg Tst 2014-Fl1](https://search.stillhousedata.com/security/12528MAC3) | — | $13.1M | 100.29% |
| [WFRBS Commercial Mortgage Trust 2013-C14](https://search.stillhousedata.com/security/92890PAJ3) | — | $12.8M | 97.92% |
| [Deutsche Alt A Securities Mortgage Loan Trust Series 2006 Af1](https://search.stillhousedata.com/security/25150VAB2) | — | $12.5M | 96.16% |
| [Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10](https://search.stillhousedata.com/security/61762MCB5) | — | $12.0M | 92.39% |
| [Impac CMB Trust](https://search.stillhousedata.com/security/46635GAS9) | — | $11.9M | 91.70% |
| [Ambac Assurance Corporation](https://search.stillhousedata.com/security/U02373AA3) | — | $11.3M | 86.83% |
| [Commercial Mortgage Trust](https://search.stillhousedata.com/security/20048EAG6) | — | $10.6M | 81.69% |
| [Mortgage Loan Resecuritization Trust 2009-RS1](https://search.stillhousedata.com/security/61914WAB2) | — | $10.1M | 77.40% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $1.3B |
| 2025-12-31 | $1.3B |
| 2025-09-30 | $1.3B |
| 2025-06-30 | $1.2B |
| 2025-03-31 | $1.1B |
| 2024-12-31 | $997.8M |
| 2024-09-30 | $905.6M |
| 2024-06-30 | $845.5M |

## More

- [Registrant: Mutual Fund & Variable Insurance Trust](https://search.stillhousedata.com/registrant/810695)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000065726.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.