# EDGAR Filing Document

**Accession Number:** 0001355064
**File Stem:** 0000910472-26-002718
**Filing Date:** 2026-2
**Character Count:** 51462
**Document Hash:** 2a06ae6fd830268217f624adb09a0be7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002718.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002718

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MUTUAL FUND SERIES TRUST
- **CENTRAL INDEX KEY:** 0001355064

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21872
- **FILM NUMBER:** 26683072

**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:** 631 549 1859

**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:** CATALYST FUNDS
- **DATE OF NAME CHANGE:** 20060303

## Series and Classes Contracts Data

### AlphaCentric Real Income Fund (Series ID: S000071674)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000227116 | AlphaCentric Real Income Fund Class I | SIIIX           |
| C000227117 | AlphaCentric Real Income Fund Class A | SIIAX           |
| C000227118 | AlphaCentric Real Income Fund Class C | SIICX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 26.6%** |  |
|  | **CONTAINERS & PACKAGING - 1.9%** |  |
| 55000 | Graphic Packaging Holding Company | &nbsp;&nbsp;&nbsp; $828300 |
|  | **MULTI ASSET CLASS REIT - 2.5%** |  |
| 35000 | American Assets Trust, Inc. | &nbsp;&nbsp;&nbsp; 662550 |
| 60000 | Armada Hoffler Properties, Inc. | &nbsp;&nbsp;&nbsp; 397200 |
|  |  | &nbsp;&nbsp; 1059750 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 3.8%** |  |
| 65000 | AMREP Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1222000 |
| 91924 | Nam Tai Property, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395273 |
|  |  | &nbsp;&nbsp; 1617273 |
|  | **RETAIL REIT - 9.5%** |  |
| 112674 | Alpine Income Property Trust, Inc. | &nbsp;&nbsp;&nbsp; 1883909 |
| 45000 | CTO Realty Growth, Inc. | &nbsp;&nbsp;&nbsp; 828450 |
| 30000 | Saul Centers, Inc. | &nbsp;&nbsp;&nbsp; 945900 |
| 30000 | Whitestone REIT | &nbsp;&nbsp;&nbsp; 416700 |
|  |  | &nbsp;&nbsp; 4074959 |
|  | **SELF-STORAGE REIT - 1.9%** |  |
| 35271 | Global Self Storage, Inc. | &nbsp;&nbsp;&nbsp; 179882 |
| 20000 | Smartstop Self Storage REIT, Inc. | &nbsp;&nbsp;&nbsp; 618800 |
|  |  | &nbsp;&nbsp; 798682 |
|  | **SOFTWARE - 2.1%** |  |
| 41629 | Ingram Micro Holding Corporation | &nbsp;&nbsp;&nbsp; 888363 |
|  | **SPECIALTY FINANCE - 0.0%<sup>(b)</sup>** |  |
| 8844 | Marblegate Capital Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18572 |
|  | **TECHNOLOGY SERVICES – 4.9%** |  |
| 27855 | Euronet Worldwide, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2120045 |
|  | **TOTAL COMMON STOCKS (Cost $13,108,745)** | &nbsp;&nbsp; 11405944 |
|  | **EXCHANGE-TRADED FUND — 2.2%** |  |
|  | **EQUITY - 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | iShares U.S. Real Estate ETF **(Cost $937,317)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938900 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  |  |  |  | **Fair Value** |
|  | **PREFERRED STOCK** — **2.0%** | **PREFERRED STOCK** — **2.0%** |  |  |  |
|  | **OIL & GAS PRODUCERS** — **2.0%** | **OIL & GAS PRODUCERS** — **2.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35400 | NGL Energy Partners, L.P. - Series B **(Cost $824,643)** | NGL Energy Partners, L.P. - Series B **(Cost $824,643)** |  |  | 848892 |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 19.7%** | **ASSET BACKED SECURITIES — 19.7%** |  |  |  |
|  | **AUTO LOAN** — **0.4%** | **AUTO LOAN** — **0.4%** |  |  |  |
| 155000 | First Investors Auto Owner Trust 2022-2 Series 2A D<sup>(c)</sup> |  | 8.7100 | &nbsp;&nbsp;&nbsp;10/16/28 | 159367 |
|  | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **0.5%** | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **0.5%** |  |  |  |
| 36275 | Adjustable Rate Mortgage Trust 2007-1 Series 2007-1 1A1<sup>(d)</sup> |  | 5.2150 | &nbsp;&nbsp;&nbsp;03/25/37 | 28999 |
| 27255 | MFA 2020-NQM2 Trust Series NQM2 A3<sup>(c),(d)</sup> |  | 1.9470 | &nbsp;&nbsp;&nbsp;04/25/65 | 26821 |
| 179152 | Washington Mutual Mortgage Pass-Through Series 2007-HY1 A2A<sup>(e)</sup> | TSFR1M + 0.160% | 4.1660 | &nbsp;&nbsp;&nbsp;02/25/37 | 141671 |
|  |  |  |  |  | 197491 |
|  | **HOME EQUITY** — **0.4%** | **HOME EQUITY** — **0.4%** |  |  |  |
| 160537 | Terwin Mortgage Trust 2004-7HE Series 7HE A3<sup>(c),(e)</sup> | TSFR1M + 1.400% | 5.2460 | &nbsp;&nbsp;&nbsp;07/25/34 | 158297 |
|  | **NON AGENCY CMBS** — **15.3%** | **NON AGENCY CMBS** — **15.3%** |  |  |  |
| 477000 | CFCRE Commercial Mortgage Trust 2016-C6 Series C6 C<sup>(d)</sup> |  | 4.1600 | &nbsp;&nbsp;&nbsp;11/10/49 | 439513 |
| 115000 | Citigroup Commercial Mortgage Trust 2017-C4 Series C4 AS |  | 3.7640 | &nbsp;&nbsp;&nbsp;10/12/50 | 111957 |
| 100000 | COMM 2013-CCRE6 Mortgage Trust Series 2013-CR6 F<sup>(c),(d)</sup> |  | 3.8710 | &nbsp;&nbsp;&nbsp;03/10/46 | 60472 |
| 76832 | COMM 2015-CCRE25 Mortgage Trust Series CR25 D<sup>(d)</sup> |  | 3.4870 | &nbsp;&nbsp;&nbsp;08/10/48 | 74404 |
| 81000 | COMM 2015-LC19 Mortgage Trust Series 2015-LC19 D<sup>(c)</sup> |  | 2.8670 | &nbsp;&nbsp;&nbsp;02/10/48 | 75872 |
| 16125 | COMM 2015-LC23 Mortgage Trust Series LC23 C<sup>(d)</sup> |  | 4.6950 | &nbsp;&nbsp;&nbsp;10/10/48 | 15615 |
| 150000 | COMM 2016-CR28 Mortgage Trust Series CR28 B<sup>(d)</sup> |  | 4.5930 | &nbsp;&nbsp;&nbsp;02/10/49 | 146792 |
| 5589 | CSAIL 2016-C5 Commercial Mortgage Trust Series 2016-C5 C<sup>(d)</sup> |  | 4.3990 | &nbsp;&nbsp;&nbsp;11/15/48 | 5568 |
| 100000 | CSAIL 2016-C6 Commercial Mortgage Trust Series C6 B<sup>(d)</sup> |  | 3.9240 | &nbsp;&nbsp;&nbsp;01/15/49 | 96081 |
| 120000 | CSAIL 2016-C6 Commercial Mortgage Trust Series C6 C<sup>(d)</sup> |  | 4.9040 | &nbsp;&nbsp;&nbsp;01/15/49 | 114666 |
| 185000 | DBJPM 2016-C3 Mortgage Trust Series C3 B |  | 3.2640 | &nbsp;&nbsp;&nbsp;08/10/49 | 177239 |
| 45000 | JPMBB Commercial Mortgage Securities Trust Series 2015-C30 B<sup>(d)</sup> |  | 4.1230 | &nbsp;&nbsp;&nbsp;07/15/48 | 42699 |
| 1617 | JPMBB Commercial Mortgage Securities Trust Series 2015-C28 C<sup>(d)</sup> |  | 4.2830 | &nbsp;&nbsp;&nbsp;10/15/48 | 1598 |
| 150000 | JPMDB Commercial Mortgage Securities Trust 2016-C2 Series C2 AS |  | 3.4840 | &nbsp;&nbsp;&nbsp;06/15/49 | 141161 |
| 145000 | JPMDB Commercial Mortgage Securities Trust 2017-C7 Series C7 B |  | 3.9850 | &nbsp;&nbsp;&nbsp;10/15/50 | 137832 |
| 1125000 | MHP 2021-STOR Series STOR A<sup>(c),(e)</sup> | TSFR1M + 0.814% | 4.5650 | &nbsp;&nbsp;&nbsp;07/15/38 | 1124003 |
| 2910 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C12 C<sup>(d)</sup> |  | 4.6990 | &nbsp;&nbsp;&nbsp;10/15/46 | 2776 |
| 450000 | Morgan Stanley Bank of America Merrill Lynch Trust Series C28 C<sup>(d)</sup> |  | 4.5830 | &nbsp;&nbsp;&nbsp;01/15/49 | 391041 |
| 1576483 | SG Commercial Mortgage Securities Trust 2016-C5 Series C5 XA<sup>(d),(f)</sup> |  | 1.8060 | &nbsp;&nbsp;&nbsp;10/10/48 | 4431 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 19.7% (Continued)** | **ASSET BACKED SECURITIES — 19.7% (Continued)** |  |  |  |
|  | **NON AGENCY CMBS** — **15.3% (Continued)** | **NON AGENCY CMBS** — **15.3% (Continued)** |  |  |  |
| 370000 | SG Commercial Mortgage Securities Trust 2016-C5 Series C5 B |  | 3.9330 | &nbsp;&nbsp;&nbsp;10/10/48 | $356564 |
| 1500000 | TPG Trust 2025-INFL Series INFL B<sup>(c),(e)</sup> | TSFR1M + 1.800% | 5.5500 | &nbsp;&nbsp;&nbsp;08/15/30 | 1503359 |
| 220000 | UBS Commercial Mortgage Trust 2018-C13 Series C13 B<sup>(d)</sup> |  | 4.7860 | &nbsp;&nbsp;&nbsp;10/15/51 | 210958 |
| 75000 | Wells Fargo Commercial Mortgage Trust 2015-NXS1 Series 2015-NXS1 D<sup>(d)</sup> |  | 3.8580 | &nbsp;&nbsp;&nbsp;05/15/48 | 70143 |
| 711150 | Wells Fargo Commercial Mortgage Trust 2016-C33 Series C33 C |  | 3.8960 | &nbsp;&nbsp;&nbsp;03/15/59 | 687263 |
| 100000 | Wells Fargo Commercial Mortgage Trust 2016-C36 Series C36 B<sup>(d)</sup> |  | 3.6710 | &nbsp;&nbsp;&nbsp;11/15/59 | 95549 |
| 100000 | Wells Fargo Commercial Mortgage Trust 2016-NXS6 Series 2016-NXS6 B |  | 3.8110 | &nbsp;&nbsp;&nbsp;11/15/49 | 98040 |
| 243665 | WFRBS Commercial Mortgage Trust 2013-C15 Series 2013-C15 B<sup>(d)</sup> |  | 4.1450 | &nbsp;&nbsp;&nbsp;08/15/46 | 235598 |
| 160000 | WFRBS Commercial Mortgage Trust 2013-C15 Series 2013-C15 C<sup>(d)</sup> |  | 4.1450 | &nbsp;&nbsp;&nbsp;08/15/46 | 144803 |
|  |  |  |  |  | 6565997 |
|  | **OTHER ABS** — **3.1%** | **OTHER ABS** — **3.1%** |  |  |  |
| 915000 | Coinstar Funding, LLC Series 2017-1 Series 2017-1A A2<sup>(c)</sup> |  | 5.2160 | &nbsp;&nbsp;&nbsp;04/25/47 | 1046760 |
| 305918 | RAM 2024-1, LLC Series 1 A<sup>(c)</sup> |  | 6.6690 | &nbsp;&nbsp;&nbsp;02/15/39 | 306008 |
|  |  |  |  |  | 1352768 |
|  | **TOTAL ASSET BACKED SECURITIES (Cost $7,992,233)** | **TOTAL ASSET BACKED SECURITIES (Cost $7,992,233)** |  |  | 8433920 |
|  | **COLLATERALIZED MORTGAGE OBLIGATIONS — 0.4%** | **COLLATERALIZED MORTGAGE OBLIGATIONS — 0.4%** |  |  |  |
|  | **CMBS** — **0.3%** | **CMBS** — **0.3%** |  |  |  |
| 1000000 | Freddie Mac Multifamily Structured Pass Through Series K126 X3<sup>(d),(f)</sup> |  | 2.7190 | &nbsp;&nbsp;&nbsp;01/25/49 | 114203 |
|  | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **0.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **0.1%** |  |  |  |
| 579255 | Government National Mortgage Association Series 2019-110 SE<sup>(e),(f)</sup> | TSFR1M + 5.986% | 2.2520 | &nbsp;&nbsp;&nbsp;09/20/49 | 67421 |
|  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $185,211)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $185,211)** |  |  | 181624 |
|  | **CONVERTIBLE BONDS — 2.3%** | **CONVERTIBLE BONDS — 2.3%** |  |  |  |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **2.3%** | **REAL ESTATE INVESTMENT TRUSTS** — **2.3%** |  |  |  |
| 1000000 | Braemar Hotels & Resorts, Inc. **(Cost $942,500)** |  | 4.5000 | &nbsp;&nbsp;&nbsp;06/01/26 | 979125 |
|  | **CORPORATE BONDS — 22.2%** | **CORPORATE BONDS — 22.2%** |  |  |  |
|  | **APPAREL & TEXTILE PRODUCTS** — **2.1%** | **APPAREL & TEXTILE PRODUCTS** — **2.1%** |  |  |  |
| 8000000 | Boras V-tyget 1 A.B.<sup>(e)</sup> | STIB3M + 5.750% | 7.7040 | &nbsp;&nbsp;&nbsp;04/29/27 | 890138 |
|  | **GAS & WATER UTILITIES** — **1.3%** | **GAS & WATER UTILITIES** — **1.3%** |  |  |  |
| 588000 | Superior Plus, L.P. / Superior General Partner,<sup>(c)</sup> |  | 4.5000 | &nbsp;&nbsp;&nbsp;03/15/29 | 574382 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 22.2% (Continued)** | **CORPORATE BONDS — 22.2% (Continued)** |  |  |  |
|  | **INSURANCE** — **3.3%** | **INSURANCE** — **3.3%** |  |  |  |
| 1700000 | Genworth Holdings, Inc.<sup>(d)</sup> | TSFR3M + 2.264% | 6.1160 | &nbsp;&nbsp;&nbsp;11/15/36 | $1427543 |
|  | **INTERNET MEDIA & SERVICES** — **1.9%** | **INTERNET MEDIA & SERVICES** — **1.9%** |  |  |  |
| 848000 | Getty Images, Inc. |  | 11.2500 | &nbsp;&nbsp;&nbsp;02/21/30 | 795890 |
|  | **OIL & GAS PRODUCERS** — **2.2%** | **OIL & GAS PRODUCERS** — **2.2%** |  |  |  |
| 899000 | Summit Midstream Holdings, LLC<sup>(c)</sup> |  | 8.6250 | &nbsp;&nbsp;&nbsp;10/31/29 | 932722 |
|  | **OIL & GAS SERVICES & EQUIPMENT** — **2.1%** | **OIL & GAS SERVICES & EQUIPMENT** — **2.1%** |  |  |  |
| 850000 | Forum Energy Technologies, Inc. |  | 10.5000 | &nbsp;&nbsp;&nbsp;11/07/29 | 880095 |
|  | **SPECIALTY FINANCE** — **2.3%** | **SPECIALTY FINANCE** — **2.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000000 | Arbor Realty SR, Inc.<sup>(c)</sup> |  | 8.5000 | 10/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1002307 |
|  | **SPECIALTY REIT** — **2.3%** | **SPECIALTY REIT** — **2.3%** |  |  |  |
| 1000000 | Outfront Media Capital, LLC / Outfront Media<sup>(c)</sup> |  | 5.0000 | &nbsp;&nbsp;&nbsp;08/15/27 | 1005980 |
|  | **TELECOMMUNICATIONS** — **1.5%** | **TELECOMMUNICATIONS** — **1.5%** |  |  |  |
| 6600000 | ASP Data Center A/S<sup>(c),(e)</sup> | NIBOR3M + 7.000% | 11.2200 | &nbsp;&nbsp;&nbsp;03/03/28 | 657834 |
|  | **TRANSPORTATION & LOGISTICS** — **3.2%** | **TRANSPORTATION & LOGISTICS** — **3.2%** |  |  |  |
| 1359794 | Hawaiian Airlines 2013-1 Class A Pass Through Series 2013-1A |  | 3.9000 | &nbsp;&nbsp;&nbsp;01/15/26 | 1358640 |
|  | **TOTAL CORPORATE BONDS (Cost $9,232,391)** | **TOTAL CORPORATE BONDS (Cost $9,232,391)** |  |  | 9525531 |
|  | **TERM LOANS — 4.7%** | **TERM LOANS — 4.7%** |  |  |  |
|  | **LEISURE FACILITIES & SERVICES** — **4.7%** | **LEISURE FACILITIES & SERVICES** — **4.7%** |  |  |  |
| 2045997 | Bally's Corporation<sup>(e)</sup> **(Cost $1,886,541)** |  | 7.3690 | &nbsp;&nbsp;&nbsp;10/02/28 | 2021005 |
|  | **U.S. GOVERNMENT & AGENCIES — 0.9%** | **U.S. GOVERNMENT & AGENCIES — 0.9%** |  |  |  |
|  | **AGENCY MBS OTHER** — **0.9%** | **AGENCY MBS OTHER** — **0.9%** |  |  |  |
| 240923 | Ginnie Mae II Pool MA8867 |  | 5.5000 | &nbsp;&nbsp;&nbsp;05/20/53 | 242037 |
| 121734 | Ginnie Mae II Pool MA9007 |  | 6.5000 | &nbsp;&nbsp;&nbsp;07/20/53 | 124702 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $364,537)** |  |  |  | 366739 |

---

---

| | | |
|:---|:---|:---|
| **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT — 18.5%** |  |
|  | **MONEY MARKET FUND - 18.5%** |  |
| 7927194 | First American Treasury Obligations Fund, Class X, 3.68% **(Cost $7,927,194)** <sup>(g)</sup> | &nbsp;&nbsp;&nbsp; $7927194 |
|  | **TOTAL INVESTMENTS - 99.5% (Cost $43,401,312)** | &nbsp;&nbsp;&nbsp; $42628874 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.5%** | &nbsp;&nbsp; 239601 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $42868475 |

---

---

| | |
|:---|:---|
| A/S | - Anonim Sirketi |
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| REIT | - Real Estate Investment Trust |
| NIBOR3M | - Norwegian Interbank Offered Rate 3 month |
| STIB3M | - Stockholm Interbank Offered Rate 3 month |
| TSFR1M | - Term Secured Overnight Financing Rate (SOFR) 1 month |
| TSFR3M | - Term Secured Overnight Financing Rate (SOFR) 3 month |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | Percentage rounds to less than 0.1%. |
| <sup>(c)</sup> | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2025 the total market value of 144A securities is $8,634,185 or 20.1% of net assets. |
| <sup>(d)</sup> | Variable rate security; the rate shown represents the rate on December 31, 2025. |
| <sup>(e)</sup> | Floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. |
| <sup>(f)</sup> | Interest only securities. |
| <sup>(g)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | **ALPHACENTRIC REAL INCOME FUND (SIIAX, SIICX, SIIIX)** | |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | |
| **Foreign Currency** | **Foreign Currency** | **Settlement Date** | **Counterparty** | **Local Currency** | **U.S. Dollar Value** | <br>**Unrealized<br> Depreciation** |
| **To Buy:** | **To Sell:** | | |  |  |  |
| United States Dollars | Norwegian Krone | 01/15/2026 | US Bank | &nbsp;&nbsp;&nbsp; 6535000 | &nbsp;&nbsp;&nbsp; $648359 | &nbsp;&nbsp;&nbsp; $(497) |
| United States Dollars | Swedish Krona | 01/15/2026 | US Bank | &nbsp;&nbsp;&nbsp; 8085000 | &nbsp;&nbsp;&nbsp; 878883 | &nbsp;&nbsp;&nbsp; (21823) |
|  |  |  |  |  | &nbsp;&nbsp; **$1527242** | &nbsp;&nbsp; **$(22320)** |
| **Total** | **Total** |  |  |  |  | &nbsp;&nbsp; **$(22320)** |

---

## 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 SERIES TRUST

- **b. Investment Company Act file number:** 811-21872

- **c. CIK number of Registrant:** 0001355064

- **d. LEI of Registrant:** 5493002ZGLQMLR4QMA96

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** C/O GEMINI FUND SERVICES LLC

  - **City:** ELKHORN

  - **State:** NE

  - **Foreign country:** US

  - **Zip / Postal Code:** 68022

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** AlphaCentric Real Income Fund

- **b. EDGAR series identifier (if any):** S000071674

- **c. LEI of Series:** 549300YDYHXBQRIQH163

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $44482117.14

**Total Liabilities:** $1613642.37

**Net Assets:** $42868474.77

**Cash Not Reported:** $6755.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 104.42675200 | **1-Year:** 157.04781300 | **5-Year:** 393.40882900 | **10-Year:** 45.06991300 | **30-Year:** 15.26371700

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

- **3-Month:** 1807.02158800 | **1-Year:** 1076.58046200 | **5-Year:** 943.12999900 | **10-Year:** 145.97961100 | **30-Year:** 10.65026700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227116 | -0.61%               | 1.17%                | 0.98%                |
| Class ID C000227117 | -0.57%               | 1.15%                | 0.90%                |
| Class ID C000227118 | -0.64%               | 1.10%                | 0.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $172422.63               | $-594252.29                                |
| Month 2  | $235794.51               | $148619.90                                 |
| Month 3  | $164537.20               | $44050.97                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adjustable Rate Mortgage Trust 2005-8                                          | ARMT 2007-1 1A1         | CUSIP: 007037AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     36275 | PA      | $28998.93     | 0.07%             | 2037-03-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Alpine Income Property Trust Inc                                               | ALPINE INCOME           | CUSIP: 02083X103<br>LEI: 254900VQGUBS1J4C4N33 | Long             | EC               | CORP              | US        |    112674 | NS      | $1883909.28   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc.                                                     | AMERICAN ASSETS         | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $662550.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrep Corp                                                                     | AMREP CORP              | CUSIP: 032159105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65000 | NS      | $1222000.00   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Senior Incorporated                                               | ABR 8 1/2 10/15/27      | CUSIP: 03881NAC1<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002306.91   | 2.34%             | 2027-10-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Armada Hoffler Properties Inc.                                                 | ARMADA HOFFLER P        | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     60000 | NS      | $397200.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ballys (fka Twin River Management Group)                                       | BALY TL B 1L USD        | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   2045997 | PA      | $2021005.39   | 4.71%             | 2028-10-02      | Variable      | 7.37%                 | No            |                  2 | On Loan: No      |
| Braemar Hotels & Resorts Inc                                                   | BHR 4 1/2 06/01/26      | CUSIP: 10482BAB7<br>LEI: 549300JDUUEBN868C776 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979125.00    | 2.28%             | 2026-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CFCRE 2016-C6 Mortgage Trust                                                   | CFCRE 2016-C6 C         | CUSIP: 12532ABC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    477000 | PA      | $439513.05    | 1.03%             | 2049-11-10      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Comm 2015-Ccre25 Mortgage Trust                                                | COMM 2015-CR25 D        | CUSIP: 12593PBB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76832 | PA      | $74404.10     | 0.17%             | 2048-08-10      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                      | COMM 2016-CR28 B        | CUSIP: 12593YBL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $146791.88    | 0.34%             | 2049-02-10      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                      | COMM 2013-CR6 F         | CUSIP: 12624XAZ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $60472.35     | 0.14%             | 2046-03-10      | Floating      | 3.87%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust 2015-LC23                                            | COMM 2015-LC23 C        | CUSIP: 12636FBP7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16125 | PA      | $15614.82     | 0.04%             | 2048-10-10      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-C8 Commercial Mortgage Trust                                        | CSAIL 2016-C5 C         | CUSIP: 12636LBE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5589 | PA      | $5567.70      | 0.01%             | 2048-11-15      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Csail 2016-C6 Commercial Mortg                                                 | CSAIL 2016-C6 B         | CUSIP: 12636MAK4<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96081.41     | 0.22%             | 2049-01-15      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Csail 2016-C6 Commercial Mortg                                                 | CSAIL 2016-C6 C         | CUSIP: 12636MAL2<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $114665.52    | 0.27%             | 2049-01-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                            | CGCMT 2017-C4 AS        | CUSIP: 17326FAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115000 | PA      | $111956.66    | 0.26%             | 2050-10-12      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Coinstar Funding, LLC                                                          | COIN 2017-1A A2         | CUSIP: 19260MAA4<br>LEI: 5493004UNX3RE1I4DH23 | Long             | ABS-O            | CORP              | US        |    915000 | PA      | $1046760.00   | 2.44%             | 2047-04-25      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Comm 2015-LC19 Mortgage Trust                                                  | COMM 2015-LC19 D        | CUSIP: 200474AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     81000 | PA      | $75872.47     | 0.18%             | 2048-02-10      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| CTO Realty Growth Inc New                                                      | CTO REALTY GROWT        | CUSIP: 22948Q101<br>LEI: 254900ZQ99OFO1WXS678 | Long             | EC               | CORP              | US        |     45000 | NS      | $828450.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DBJPM 2016-C3 Mortgage Trust                                                   | DBJPM 2016-C3 B         | CUSIP: 23312VAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185000 | PA      | $177238.79    | 0.41%             | 2049-08-10      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| DGWD TRUST 2025-INFL                                                           | DGWD 2025-INFL B        | CUSIP: 23347FAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1503359.55   | 3.51%             | 2030-08-15      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Euronet Worldwide, Inc.                                                        | EURONET WORLDWID        | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     27855 | NS      | $2120044.05   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                               | FHMS K126 X3            | CUSIP: 3137FXYY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1000000 | PA      | $114203.50    | 0.27%             | 2049-01-25      | Floating      | 2.72%                 | No            |                  2 | On Loan: No      |
| First American Funds Inc.                                                      | FIRST AM-TR OB-X        | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   7927194 | PA      | $7927193.90   | 18.49%            |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST 20                                            | FIAOT 2022-2A D         | CUSIP: 32058KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155000 | PA      | $159367.44    | 0.37%             | 2028-10-16      | Fixed         | 8.71%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                       | G2 MA8867               | CUSIP: 36179XZ82<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    240923 | PA      | $242036.94    | 0.56%             | 2053-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                       | G2 MA9007               | CUSIP: 36179YAG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    121734 | PA      | $124701.67    | 0.29%             | 2053-07-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Genworth Financial Inc.                                                        | GNW 0 11/15/36          | CUSIP: 37247DAG1<br>LEI: 549300EMCG286BDNKJ33 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1427542.70   | 3.33%             | 2036-11-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Getty Images Inc.                                                              | ABEGET 11 1/4 02/21/30  | CUSIP: 374276AN3<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    848000 | PA      | $795890.23    | 1.86%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Global Self Storage Inc                                                        | GLOBAL SELF STORAGE INC | CUSIP: 37955N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35271 | NS      | $179882.10    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                       | GNR 2019-110 SE         | CUSIP: 38381YXT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    579255 | PA      | $67420.53     | 0.16%             | 2049-09-20      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging Holding Company                                              | GRAPHIC PACKAGIN        | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55000 | NS      | $828300.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Holdings Inc.                                                         | HA 3.9 01/15/26         | CUSIP: 419838AA5<br>LEI: 529900TQUS2JVPSSPP86 | Long             | ABS-O            | CORP              | US        |   1359794 | PA      | $1358640.16   | 3.17%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Ingram Micro Holding Corporation                                               | INGRAM MICRO HOL        | CUSIP: 457152106<br>LEI: 9845008639BC538AB065 | Long             | EC               | CORP              | US        |     41629 | NS      | $888362.86    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                                  | ISHARES US REAL         | CUSIP: 464287739<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     10000 | NS      | $938900.00    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmdb Commercial Mortgage Secu                                                 | JPMDB 2016-C2 AS        | CUSIP: 46590LAX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $141160.89    | 0.33%             | 2049-06-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Jpmbb Commercial Mortgage Securities Trust 2013-C12                            | JPMBB 2015-C28 C        | CUSIP: 46644FAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1617 | PA      | $1597.64      | 0.00%             | 2048-10-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Jpmbb Commercial Mortgage Securities Trust 2015-C30                            | JPMBB 2015-C30 B        | CUSIP: 46644UBF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45000 | PA      | $42699.38     | 0.10%             | 2048-07-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust 2017-C7                             | JPMDB 2017-C7 B         | CUSIP: 46648KAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $137831.62    | 0.32%             | 2050-10-15      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| MFA 2020-NQM2 TRUST                                                            | MFRA 2020-NQM2 A3       | CUSIP: 552751AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27255 | PA      | $26820.94     | 0.06%             | 2065-04-25      | Floating      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| MHP COMMERCIAL MORTGAGE TRUST                                                  | MHP 2021-STOR A         | CUSIP: 55293BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125000 | PA      | $1124002.58   | 2.62%             | 2038-07-15      | Floating      | 4.57%                 | Yes           |                  2 | On Loan: No      |
| Marblegate Capital Corp.                                                       | MARBLEGATE CAPIT        | CUSIP: 56608R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8844 | NS      | $18572.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Bank Of America Merrill Lynch Trust                             | MSBAM 2013-C12 C        | CUSIP: 61762XAZ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2910 | PA      | $2775.64      | 0.01%             | 2046-10-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank Of America Merrill Lynch Trust                             | MSBAM 2016-C28 C        | CUSIP: 61766LBX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $391040.91    | 0.91%             | 2049-01-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| NGL Energy Partners LP/ NGL Energy Finance Corp                                | NGL 12.7937 PERP        | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |     35400 | NS      | $848892.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Capital LLC / Outfront Media Capital Corp                       | OUT 5 08/15/27          | CUSIP: 69007TAB0<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005980.45   | 2.35%             | 2027-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| RAM 2024-1 LLC                                                                 | RAM 2024-1 A            | CUSIP: 751313AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305918 | PA      | $306007.91    | 0.71%             | 2039-02-15      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Sovereign ComlMtg                                                              | SGCMS 2016-C5 XA        | CUSIP: 78419CAG9<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-O            | CORP              | US        |   1576483 | PA      | $4431.34      | 0.01%             | 2048-10-10      | Floating      | 1.81%                 | No            |                  2 | On Loan: No      |
| Sovereign ComlMtg                                                              | SGCMS 2016-C5 B         | CUSIP: 78419CAK0<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-O            | CORP              | US        |    370000 | PA      | $356563.93    | 0.83%             | 2048-10-10      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Saul Centers, Inc.                                                             | SAUL CENTERS INC        | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $945900.00    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartStop Self Storage REIT Inc                                                | SMARTSTOP SELF S        | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     20000 | NS      | $618800.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Midstream Holdings, LLC / Summit Midstream Finance Corp.                | SUMMPL 8 5/8 10/31/29   | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    899000 | PA      | $932721.49    | 2.18%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Superior Plus LP / Superior General Partner Inc                                | SPBCN 4 1/2 03/15/29    | CUSIP: 86828LAC6<br>LEI: 549300K5Y13GU6TPZJ49 | Long             | DBT              | CORP              | CA        |    588000 | PA      | $574381.80    | 1.34%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Terwin Mortgage Trust                                                          | TMTS 2004-7HE A3        | CUSIP: 881561FX7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160537 | PA      | $158296.90    | 0.37%             | 2034-07-25      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust 2018-C13                                         | UBSCM 2018-C13 B        | CUSIP: 90353KBC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $210957.67    | 0.49%             | 2051-10-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                                               | WFRBS 2013-C15 B        | CUSIP: 92938CAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    243665 | PA      | $235598.32    | 0.55%             | 2046-08-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                                               | WFRBS 2013-C15 C        | CUSIP: 92938CAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $144803.12    | 0.34%             | 2046-08-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pass-Through Certificates Wmalt Series 2006-6 Trust | WMALT 2007-HY1 A2A      | CUSIP: 93936AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    179152 | PA      | $141671.21    | 0.33%             | 2037-02-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                 | WFCM 2015-NXS1 D        | CUSIP: 94989HBM1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $70143.34     | 0.16%             | 2048-05-15      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Coml T                                                             | WFCM 2016-NXS6 B        | CUSIP: 95000KBG9<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98039.91     | 0.23%             | 2049-11-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2016-C33                                 | WFCM 2016-C33 C         | CUSIP: 95000LBF9<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-O            | CORP              | US        |    711150 | PA      | $687262.68    | 1.60%             | 2059-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Coml Tr 2016-C36                                                   | WFCM 2016-C36 B         | CUSIP: 95000MBU4<br>LEI: 549300BSYX29G4VVM177 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $95549.24     | 0.22%             | 2059-11-15      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| Whitestone REIT                                                                | WHITESTONE REI          | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $416700.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                            | CURRENCY CONTRACT - USD | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   8085000 | NC      | $-21823.24    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                            | CURRENCY CONTRACT - USD | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   6535000 | NC      | $-496.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NAM Tai Ppty Inc                                                               | NAM TAI PROPERTY        | CUSIP: G63907102<br>LEI: 529900O97Q8EBC2RBV34 | Long             | EC               | CORP              | VG        |     91924 | NS      | $395273.20    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Forum Energy Technologies Inc                                                  | FET 10 1/2 11/07/29     | CUSIP: U02634AD2<br>LEI: 549300SF93HLCR1REE27 | Long             | DBT              | CORP              | US        |    850000 | PA      | $880095.04    | 2.05%             | 2029-11-07      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ASP Data Center AS                                                             | ASPDTA FLOAT 03/03/28   | CUSIP: R6922TAA7<br>LEI: 254900AWRSEQ0AFPUE15 | Long             | DBT              | CORP              | NO        |   6600000 | PA      | $657834.36    | 1.53%             | 2028-03-03      | Floating      | 11.22%                | Yes           |                  2 | On Loan: No      |
| BORAS V-tyget 1 AB                                                             | BOVTYG FLOAT 04/29/27   | CUSIP: W2R05HAA7<br>LEI: 549300JFRI5IT5B0OX52 | Long             | DBT              | CORP              | SE        |   8000000 | PA      | $890138.13    | 2.08%             | 2027-04-29      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** MUTUAL FUND SERIES TRUST

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer