# EDGAR Filing Document

**Accession Number:** 0001355064
**File Stem:** 0000910472-25-000338
**Filing Date:** 2025-8
**Character Count:** 22497
**Document Hash:** f6b499bc79243ca74cc2220ebb920c8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000338.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000910472-25-000338

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**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:** 251269081

**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

### Catalyst/SMH Total Return Income Fund (Series ID: S000022378)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000064377 | Catalyst/SMH Total Return Income Fund Class A | TRIFX           |
| C000064378 | Catalyst/SMH Total Return Income Fund Class C | TRICX           |
| C000128970 | Catalyst/SMH Total Return Income Fund Class I | TRIIX           |

## 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:** Catalyst/SMH Total Return Income Fund

- **b. EDGAR series identifier (if any):** S000022378

- **c. LEI of Series:** 549300LY1SM561GCNG33

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

- **a. Date of fiscal year-end:** 2025-06-30

- **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:** $18195146.82

**Total Liabilities:** $49924.14

**Net Assets:** $18145222.68

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 15.80314600 | **5-Year:** 85.46175200 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 15.93201200 | **1-Year:** 445.83125200 | **5-Year:** 768.28983400 | **10-Year:** 551.87180200 | **30-Year:** 192.12404000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064378 | -4.41%               | 0.10%                | 5.54%                |
| Class ID C000128970 | -4.34%               | 0.19%                | 5.64%                |
| Class ID C000064377 | -4.35%               | 0.40%                | 5.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18017.51                | $-914251.35                                |
| Month 2  | $0.00                    | $-23550.85                                 |
| Month 3  | $422624.77               | $402211.74                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Blue Owl Capital Inc                                   | BLUE OWL CAPITAL                     | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19034 | NS      | $365643.14    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Global Investors, Inc.                            | US GLOBAL INV-A                      | CUSIP: 902952100<br>LEI: 529900IRM26R91LI8531 | Long             | EC               | CORP              | US        |     49500 | NS      | $127710.00    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| EZCORP Inc.                                            | EZPW 3 3/4 12/15/29                  | CUSIP: 302301AG1<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $218062.50    | 1.20%             | 2029-12-15      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| OneMain Holdings Inc.                                  | ONEMAIN HOLDINGS                     | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |      1600 | NS      | $91200.00     | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                    | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Suro Capital Corp                                      | SURO CAPITAL COR                     | CUSIP: 86887Q109<br>LEI: 549300YR4IAV0VJFWN84 | Long             | EC               | RF                | US        |     42466 | NS      | $348645.86    | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Capital Southwest Corporation                          | CAPITAL SOUTHWEST CORP               | CUSIP: 140501107<br>LEI: 54930023YZ4YEJEDBO56 | Long             | EC               | RF                | US        |     20000 | NS      | $440800.00    | 2.43%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                              | FIRST AM-TR OB-X                     | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    483725 | PA      | $483724.97    | 2.67%             |  |  |  | No            | 1                  | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc              | HA SUSTAINABLE I                     | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |      7947 | NS      | $213456.42    | 1.18%             |  |  |  | No            | 1                  | On Loan: —       |
| Rithm Capital Corp.                                    | RITHM CAPITAL CO                     | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |     24106 | NS      | $272156.74    | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| TPG Inc                                                | TPG INC                              | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |      3400 | NS      | $178330.00    | 0.98%             |  |  |  | No            | 1                  | On Loan: —       |
| Realty Income Corporation                              | REALTY INCOME                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      5000 | NS      | $288050.00    | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Verizon Communications Inc.                            | VERIZON COMMUNIC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      4561 | NS      | $197354.47    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CleanSpark Inc.                                        | CLSK 0 06/15/30                      | CUSIP: 18452BAA8<br>LEI: 254900VO7KBRJQDGY810 | Long             | DBT              | CORP              | US        |    550000 | PA      | $541014.02    | 2.98%             | 2030-06-15      | Fixed         | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Carlyle Secured Lending Inc                            | CARLYLE SEC LENDING, INC.            | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               | RF                | US        |      7087 | NS      | $96950.16     | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Riot Platforms Inc                                     | RIOT 0 3/4 01/15/30                  | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |    550000 | PA      | $572000.00    | 3.15%             | 2030-01-15      | Fixed         | 0.75%                 | Yes           | 2                  | On Loan: No      |
| Advanced Flower Capital Inc.                           | ADVANCED FLOWER                      | CUSIP: 00109K105<br>LEI: 5493005G0MGS3E0E7218 | Long             | EC               | CORP              | US        |     26000 | NS      | $116480.00    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| WisdomTree, Inc.                                       | WT 5 3/4 08/15/28                    | CUSIP: 97717PAF1<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |    435000 | PA      | $573112.50    | 3.16%             | 2028-08-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Hertz Corp.                                            | HTZ 12 5/8 07/15/29                  | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523198.00    | 2.88%             | 2029-07-15      | Fixed         | 12.62%                | Yes           | 2                  | On Loan: No      |
| Prospect Capital Corp.                                 | PROSPECT CAPITAL                     | CUSIP: 74348T102<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EC               | RF                | US        |     95140 | NS      | $302545.20    | 1.67%             |  |  |  | No            | 1                  | On Loan: —       |
| Spdr S&P 500 Etf Trust                                 | SPDR S&P 500 ETF                     | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |       897 | NS      | $554211.45    | 3.05%             |  |  |  | No            | 1                  | On Loan: No      |
| NexPoint Diversified Real Estate Trust                 | NEXPOINT DIVERSI                     | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               | CORP              | US        |     31939 | NS      | $133824.41    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Full House Resorts Inc.                                | FLL 8 1/4 02/15/28                   | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486251.75    | 2.68%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Dick's Sporting Goods, Inc.                            | DICK'S SPORTING                      | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      1689 | NS      | $334101.09    | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Office Properties Income Trust                         | OPI 9 09/30/29                       | CUSIP: 67623CAJ8<br>LEI: 529900A38AW14ELBTL34 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $789284.40    | 4.35%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Ares Capital Corp.                                     | ARES CAPITAL COR                     | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | RF                | US        |      3500 | NS      | $76860.00     | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Capital Southwest Corporation                          | CSWC 5 1/8 11/15/29                  | CUSIP: 140501AE7<br>LEI: 54930023YZ4YEJEDBO56 | Long             | DBT              | RF                | US        |    500000 | PA      | $494062.50    | 2.72%             | 2029-11-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Carlyle Group Inc                                      | CARLYLE GROUP IN                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     11000 | NS      | $565400.00    | 3.12%             |  |  |  | No            | 1                  | On Loan: —       |
| 20230930-DK-Butterfly-1 Inc.                           | BBBY 5.165 08/01/44                  | CUSIP: 075896AC4<br>LEI: 529900ZBUWWUV7BKGX39 | Long             | DBT              | CORP              | US        |    373000 | PA      | $9197.54      | 0.05%             | 2044-08-01      | Fixed         | 5.17%                 | No            | 2                  | On Loan: No      |
| Carvana Co                                             | CVNA 14 06/01/31                     | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    457960 | PA      | $543090.64    | 2.99%             | 2031-06-01      | Fixed         | 14.00%                | Yes           | 2                  | On Loan: No      |
| Odeon Finco PLC                                        | AMC 12 3/4 11/01/27                  | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |    515000 | PA      | $538582.88    | 2.97%             | 2027-11-01      | Fixed         | 12.75%                | Yes           | 2                  | On Loan: No      |
| Civitas Resources Inc                                  | CIVITAS RESOURCE                     | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     18298 | NS      | $503560.96    | 2.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Unisys Corp.                                           | UIS 10 5/8 01/15/31                  | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155170.11    | 0.86%             | 2031-01-15      | Fixed         | 10.62%                | Yes           | 2                  | On Loan: No      |
| Kohl's Corp.                                           | KSS 5.55 07/17/45                    | CUSIP: 500255AV6<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    528000 | PA      | $282546.84    | 1.56%             | 2045-07-17      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Innovative Industrial Propertes Inc                    | INNOVATIVE INDUS                     | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      2390 | NS      | $131975.80    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| PennantPark Investment Corporation                     | PENNANTPARK INVE                     | CUSIP: 708062104<br>LEI: 529900OK432R4C6NQQ73 | Long             | EC               | RF                | US        |     68210 | NS      | $466556.40    | 2.57%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                      | SPDR PORT HY BD                      | CUSIP: 78468R606<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     30000 | NS      | $714000.00    | 3.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Nine Energy Service Inc                                | NINE 13 02/01/28                     | CUSIP: 65441VAE1<br>LEI: 549300KRLJCZBPZMKT65 | Long             | DBT              | CORP              | US        |    250000 | PA      | $127916.25    | 0.70%             | 2028-02-01      | Fixed         | 13.00%                | No            | 2                  | On Loan: No      |
| Copa Holdings SA                                       | COPA HOLDIN-CL A                     | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |       700 | NS      | $76979.00     | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Extra Space Storage Inc.                               | EXTRA SPACE STOR                     | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |       600 | NS      | $88464.00     | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Vici Properties Inc                                    | VICI PROPERTIES                      | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     29475 | NS      | $960885.00    | 5.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Transocean Inc.                                        | RIG 6.8 03/15/38                     | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    953000 | PA      | $670912.37    | 3.70%             | 2038-03-15      | Fixed         | 6.80%                 | No            | 2                  | On Loan: No      |
| Compass Diversified                                    | COMPASS DIVERSIF                     | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |     45292 | NS      | $284433.76    | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Trinity Capital Inc.                                   | TRINITY CAPITAL                      | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | RF                | US        |     70337 | NS      | $989641.59    | 5.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Sunrise Realty Trust Inc.                              | SUNRISE REALTY T                     | CUSIP: 867981102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8666 | NS      | $91859.60     | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Main Street Capital Corp.                              | MAIN STREET CAPI                     | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | RF                | US        |     12128 | NS      | $716764.80    | 3.95%             |  |  |  | No            | 1                  | On Loan: —       |
| Crescent Capital BDC, Inc.                             | CRESCENT CAPITAL                     | CUSIP: 225655109<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EC               | RF                | US        |      4900 | NS      | $69090.00     | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation | MPW 5 10/15/27                       | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   1112000 | PA      | $1027928.24   | 5.67%             | 2027-10-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Ford Motor Company                                     | FORD MOTOR CO                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      6200 | NS      | $67270.00     | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| ENERGY CONVERSION DEV                                  | ENERGY CONVERSION DEV                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   5543000 | PA      | $0.00         | 0.00%             | 2049-12-15      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer