# EDGAR Filing Document

**Accession Number:** 0001815608
**File Stem:** 0001193125-26-080628
**Filing Date:** 2026-2
**Character Count:** 37536
**Document Hash:** 6db4b805c85a768d681fd8c2a953eb19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-080628.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-080628

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Modern Capital Funds Trust
- **CENTRAL INDEX KEY:** 0001815608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23582
- **FILM NUMBER:** 26694903

**BUSINESS ADDRESS:**
- **STREET 1:** 1701 MEETING ST
- **CITY:** CHARLESTON
- **STATE:** SC
- **ZIP:** 29464
- **BUSINESS PHONE:** 800-767-3838

**MAIL ADDRESS:**
- **STREET 1:** 1701 MEETING ST
- **CITY:** CHARLESTON
- **STATE:** SC
- **ZIP:** 29464

## Series and Classes Contracts Data

### Modern Capital Tactical Income Fund (Series ID: S000069477)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000221777 | Class A Shares   | MCTOX           |
| C000221778 | Class ADV Shares | MCTDX           |

## Nport-Ex

**Modern Capital Tactical Income Fund** 

**SCHEDULE OF INVESTMENTS (Unaudited)** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Shares**  |  | **Fair Value** |
| &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;&nbsp;&nbsp;&nbsp;&nbsp; **CLOSED-END FUNDS - 80.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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; **CLOSED-END FUNDS - 80.2%** |  |
| 66150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aberdeen Asia Pacific Income Fund | $1014741 |
| 139129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aberdeen Income Credit Strategies Fund | 752688 |
| 178438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Global High Income Fund | 1907502 |
| 116391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ares Dynamic Credit Allocation Fund Inc. | 1548000 |
| 110163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Global Short Duration High Yield Fund | 1653547 |
| 364765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Innovation and Growth Term Trust | 2403801 |
| 4276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Municipal Credit Alpha Portfolio | 52980 |
| 2877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock MuniYield Quality Fund II, Inc. | 28914 |
| 187635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Strategic Credit Fund | 2210340 |
| 223000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNY Mellon High Yield Strategies Fund | 553040 |
| 413855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BrandywineGLOBAL - Global Income Opportunities Fund, Inc. | 3463966 |
| 219353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brookfield Real Assets Income Fund, Inc. | 2842815 |
| 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Suisse High Yield Bond Fund | 320000 |
| 149997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Destra Multi-Alternative Fund (a) | 1345473 |
| 239462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DoubleLine Income Solutions Fund | 2698739 |
| 171484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DoubleLine Yield Opportunities Fund | 2493377 |
| 30165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eaton Vance Senior Floating-Rate Trust | 336038 |
| 32014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 295169 |
| 136042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Trust High Yield Opportunities 2027 Term Fund | 1914111 |
| 308311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Credit Opportunities Corp. | 1942359 |
| 11804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gabelli Global Small and Mid Cap Value Trust | 177060 |
| 37307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GAMCO Global Gold Natural Resources & Income Trust | 192504 |
| 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guggenheim Strategic Opportunities Fund | 2254000 |
| 81944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highland Global Allocation Fund | 748149 |
| 295885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highland Income Fund | 1769392 |
| 183286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Hancock Premium Dividend Fund | 2327732 |
| 153766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR Income Opportunities Fund | 1782148 |
| 116830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 634387 |
| 178505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen Core Plus Impact Fund | 1817181 |
| 95676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen Floating Rate Income Fund | 749143 |
| 46107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Global High Yield Fund, Inc. | 568960 |
| 189082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Short Duration High Yield Opportunities Fund | 3110399 |
| 65040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIMCO Dynamic Income Strategy Fund | 1221451 |
| 70473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SRH Total Return Fund, Inc. | 1306569 |
| 14980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Emerging Markets Fund | 255109 |
| 194259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Templeton Emerging Markets Income Fund, Inc. | 1252971 |
| 65644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Central and Eastern Europe Fund Inc. | 1161899 |
| 32169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virtus Convertible & Income Fund | 487360 |
| 231646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virtus Global Multi-Sector Income Fund | 1816105 |
| 277183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virtus Stone Harbor Emerging Markets Income Fund | 1377600 |
| 249771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Asset Emerging Markets Debt Fund, Inc. | 2655066 |
| 200401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Asset High Income Opportunity Fund, Inc. | 743488 |
| 294011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Asset Inflation-Linked Opportunities & Income Fund | 2525554 |
| 104264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XAI Octagon Floating Rate Alternative Income Trust | 500467 |
|  | **TOTAL CLOSED-END FUNDS - (Cost $61,330,913)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61212294 |

---

------

**Modern Capital Tactical Income Fund** 

**SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCK - 9.1%** |  |
|  | *Consumer Discretionary - 0.6%* |  |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcos Dorados Holdings, Inc. | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477100 |
| 131136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cresud S.A. Comercial Industrial Financiera Y Agropecuaria (b) | 1656249 |
|  |  | 2133349 |
|  | *Energy - 1.6%* |  |
| 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cia Energetica De Minas Gerais - Cernig (b) | 1240000 |
|  | *Financials - 0.2%* |  |
| 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Bradesco S.A. (b) | 432900 |
| 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Itau Unibanco Holding S.A. (b) | 143200 |
|  |  | 576100 |
|  | *Real Estate - 3.3%* |  |
| 150526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Irsa Inversiones Y Representaciones S.A. (b) | 2489699 |
|  | *Utilities - 0.3%* |  |
| 6536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empresa Distribuidora Y Comercializadora Norte S.A. (a)(b) | 195819 |
| 51000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel Chile S.A. (b) | 205020 |
|  |  | 400839 |
|  | **TOTAL COMMON STOCKS - (Cost $446,458)** | 6839987 |
|  | **EXCHANGE TRADED FUNDS - 0.1%** |  |
|  | *Equity - 0.1%* |  |
| 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virtus Private Credit Strategy ETF | 17800 |
| 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Global Listed Private Equity ETF | 33537 |
| 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPDR SSGA IG Public & Private Credit ETF | 12707 |
|  | **TOTAL EXCHANGE-TRADED FUNDS - (Cost $64,019)** | 64044 |

---

------

**Modern Capital Tactical Income Fund** 

**SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** 

**December 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
| **Shares** |  |  | **Fair Value** |
|  | **REAL ESTATE INVESTMENT TRUST - 6.6%** |  |  |
| 611346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NexPoint Diversified Real Estate Trust |  | $&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;2341457 |
| 295629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seven Hills Realty Trust |  | 2631098 |
|  | **TOTAL REAL ESTATE INVESTMENT TRUST - (Cost $5,805,399)** |  | 4972555 |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Fair Value** |
|  | **SHORT TERM INVESTMESTS - 5.9%** |  |  |
|  | *Money Market - 5.9%* |  |  |
| 4456055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X (c) | 3.683 | 4456055 |
|  | **TOTAL SHORT TERM INVESTMESTS - (Cost $4,456,055)** |  | 4456055 |
|  | **TOTAL INVESTMENTS - 101.9% - (Cost $72,102,844)** |  | 77544935 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.9%)** |  | (1427737) |
|  | **NET ASSETS - 100.0%** |  | $76117198 |
| <sup>(a)</sup> | Non-income Producing Security. |  |  |
| <sup>(b)</sup> | American Depository Receipt (ADR) |  |  |
| <sup>(c)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Modern Capital Funds Trust

- **b. Investment Company Act file number:** 811-23582

- **c. CIK number of Registrant:** 0001815608

- **d. LEI of Registrant:** 549300VBKEL6G7NEPM08

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

  - **Street Address 1:** 75 Port City Landing

  - **City:** Mt. Pleasant

  - **State:** SC

  - **Foreign country:** US

  - **Zip / Postal Code:** 29464

  - **Telephone number:** 216-329-4271

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

- **a. Name of Series:** Modern Capital Tactical Income Fund

- **b. EDGAR series identifier (if any):** S000069477

- **c. LEI of Series:** 549300VBKEL6G7NEPM08

**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:** $78247690.94

**Total Liabilities:** $2130493.36

**Net Assets:** $76117197.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221777 | 1.11%                | -0.46%               | 1.02%                |
| Class ID C000221778 | 1.10%                | -0.43%               | 0.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-887509.93              | $1027797.00                                |
| Month 2  | $-419027.08              | $-984832.00                                |
| Month 3  | $7443.02                 | $-312317.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Franklin Templeton Investments (US)                        | Western Asset High Income Opportunity Fund, Inc.            | CUSIP: 95766K109<br>LEI: 549300S7N70O2ERKYG47 | Long             | EC               | RF                | US        |    200401 | NS      | $743487.71    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton Investments (US)                        | Western Asset Emerging Markets Debt Fund, Inc.              | CUSIP: 95766A101<br>LEI: 549300F68574RU1BKP84 | Long             | EC               | RF                | US        |    249771 | NS      | $2655065.73   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners                                 | Virtus Convertible & Income Fund                            | CUSIP: 92838X805<br>LEI: N/A                  | Long             | EC               | RF                | US        |     32169 | NS      | $487360.35    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners                                 | Virtus Global Multi-Sector Income Fund                      | CUSIP: 92829B101<br>LEI: 5493008J77OQDENT5651 | Long             | EC               | RF                | US        |    231646 | NS      | $1816104.64   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton Investments (US)                        | Templeton Emerging Markets Income Fund, Inc.                | CUSIP: 880192109<br>LEI: HM42X4Y58XQ0M2JYZW07 | Long             | EC               | RF                | US        |    194259 | NS      | $1252970.55   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton Investments (US)                        | Templeton Emerging Markets Fund                             | CUSIP: 880191101<br>LEI: N/A                  | Long             | EC               | RF                | US        |     14980 | NS      | $255109.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners                                 | Virtus Stone Harbor Emerging Markets Income Fund            | CUSIP: 86164T107<br>LEI: XXFOYQ5TGUGS75Z22C46 | Long             | EC               | RF                | US        |    277183 | NS      | $1377599.51   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven Hills Realty Trust                                   | Seven Hills Realty Trust                                    | CUSIP: 81784E101<br>LEI: 549300ESBDZ3SA3OEX38 | Long             | EC               |  | US        |    295629 | NS      | $2631098.10   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SSgA Active Trust                                          | SPDR SSGA IG Public & Private Credit ETF                    | CUSIP: 78470P622<br>LEI: N/A                  | Long             | EC               | RF                | US        |       500 | NS      | $12707.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Investments                                           | PGIM Short Duration High Yield Opportunities Fund           | CUSIP: 69355J104<br>LEI: 549300WGY7DHGMQJU952 | Long             | EC               | RF                | US        |    189082 | NS      | $3110398.90   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO (US)                                                 | PIMCO Dynamic Income Strategy Fund                          | CUSIP: 69346N107<br>LEI: 549300BX5QVFQJENPV35 | Long             | EC               | RF                | US        |     65040 | NS      | $1221451.20   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Investments                                           | PGIM Global High Yield Fund, Inc.                           | CUSIP: 69346J106<br>LEI: F0ATD1Y4J8CHDKHSLD09 | Long             | EC               | RF                | US        |     46107 | NS      | $568960.38    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen                                                     | Nuveen Core Plus Impact Fund                                | CUSIP: 67080D103<br>LEI: 549300N1H1AJ1P7VEI64 | Long             | EC               | RF                | US        |    178505 | NS      | $1817180.90   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen                                                     | Nuveen Floating Rate Income Fund                            | CUSIP: 67072T108<br>LEI: HJXCPP3KYE3BVU373P27 | Long             | EC               | RF                | US        |     95676 | NS      | $749143.08    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint                                                   | NexPoint Diversified Real Estate Trust                      | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               |  | US        |    611346 | NS      | $2341456.71   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Investment Management                       | Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.    | CUSIP: 617477104<br>LEI: 541YGIXZ6JJP4EZDJI96 | Long             | EC               | RF                | US        |    116830 | NS      | $634386.90    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co. L.P.                                             | KKR Income Opportunities Fund                               | CUSIP: 48249T106<br>LEI: 549300H65GA67Q2C3B36 | Long             | EC               | RF                | US        |    153766 | NS      | $1782147.94   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding S.A.                                 | Itau Unibanco Holding S.A.                                  | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     20000 | NS      | $143200.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Capital Management LLC                             | Invesco Global Listed Private Equity ETF                    | CUSIP: 46137V118<br>LEI: 549300WINPXXJXBQXI26 | Long             | EC               | RF                | US        |       500 | NS      | $33537.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Investments                                     | Guggenheim Strategic Opportunities Fund                     | CUSIP: 40167F101<br>LEI: 549300ZOXRKM68J8NB63 | Long             | EC               | RF                | US        |    175000 | NS      | $2254000.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Funds                                              | GAMCO Global Gold Natural Resources & Income Trust          | CUSIP: 36465A109<br>LEI: SMXWLGD6Z5E8SLAQDA43 | Long             | EC               | RF                | US        |     37307 | NS      | $192504.12    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Funds                                              | Gabelli Global Small and Mid Cap Value Trust                | CUSIP: 36249W104<br>LEI: 54930027RS7HE8UD3187 | Long             | EC               | RF                | US        |     11804 | NS      | $177060.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Portfolios (US)                                | First Trust High Yield Opportunities 2027 Term Fund         | CUSIP: 33741Q107<br>LEI: 549300VWTG40J7RZE994 | Long             | EC               | RF                | US        |    136042 | NS      | $1914110.94   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Investments                                             | FS Credit Opportunities Corp.                               | CUSIP: 30290Y101<br>LEI: 549300XFGO8P7BHG1O49 | Long             | EC               | RF                | US        |    308311 | NS      | $1942359.30   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Chile S.A.                                            | Enel Chile SA                                               | CUSIP: 29278D105<br>LEI: 549300YM5CWCAUVOPB53 | Long             | EC               | CORP              | AR        |     51000 | NS      | $205020.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresa Distribuidora Y Comercializadora Norte S.A.        | Empresa Distribuidora Y Comercializadora Norte S.A.         | CUSIP: 29244A102<br>LEI: 254900JU7TV6VS9GRW29 | Long             | EC               | CORP              | AR        |      6536 | NS      | $195818.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance                                                | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | CUSIP: 27829C105<br>LEI: 549300YMO6N2TLCMXO54 | Long             | EC               | RF                | US        |     32014 | NS      | $295169.08    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance                                                | Eaton Vance Senior Floating-Rate Trust                      | CUSIP: 27828Q105<br>LEI: VJXUJZ1EC079NQ236240 | Long             | EC               | RF                | US        |     30165 | NS      | $336038.10    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ETFis Series Trust I                                       | Virtus Private Credit Strategy ETF                          | CUSIP: 26923G798<br>LEI: 549300CDY5S895RWHU42 | Long             | EC               | RF                | US        |      1000 | NS      | $17800.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleLine Funds                                           | DoubleLine Yield Opportunities Fund                         | CUSIP: 25862D105<br>LEI: 5493006BIH94Q4VHHG23 | Long             | EC               | RF                | US        |    171484 | NS      | $2493377.36   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleLine Funds                                           | DoubleLine Income Solutions Fund                            | CUSIP: 258622109<br>LEI: 549300RGXFCKJWYUTL28 | Long             | EC               | RF                | US        |    239462 | NS      | $2698736.74   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Destra Multi-Alternative Fund                              | Destra Multi-Alternative Fund                               | CUSIP: 25065A502<br>LEI: 549300SP0KUS5HR5P569 | Long             | EC               | RF                | US        |    149997 | NS      | $1345473.09   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cresud S.A. Comercial Industrial Financiera Y Agropecuaria | Cresud S.A. Comercial Industrial Financiera Y Agropecuaria  | CUSIP: 226406106<br>LEI: 529900OJF9C0NUFNN613 | Long             | EC               | CORP              | AR        |    131136 | NS      | $1656249.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse                                              | Credit Suisse High Yield Bond Fund                          | CUSIP: 22544F103<br>LEI: 549300R9HE7C1IL42N58 | Long             | EC               | RF                | US        |    160000 | NS      | $320000.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica De Minas Gerais - Cernig                    | Cia Energetica De Minas Gerais - Cernig                     | CUSIP: 204409601<br>LEI: 254900W703PXLDSEM056 | Long             | EC               | CORP              | BR        |    620000 | NS      | $1240000.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS ETF Trust                                              | Central and Eastern Europe Fund Inc                         | CUSIP: 153436100<br>LEI: 549300TSXFIOF89ZI608 | Long             | EC               | RF                | US        |     65644 | NS      | $1161898.80   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Real Assets Income Fund, Inc.                   | Brookfield Real Assets Income Fund, Inc.                    | CUSIP: 112830104<br>LEI: 254900DLYNP93JESGO41 | Long             | EC               | RF                | US        |    219353 | NS      | $2842814.88   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton Investments (US)                        | BrandywineGLOBAL - Global Income Opportunities Fund, Inc.   | CUSIP: 10537L104<br>LEI: 549300P4CDQCJBGI0833 | Long             | EC               | RF                | US        |    413855 | NS      | $3463966.35   | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Paralel Advisors LLC                                       | SRH Total Return Fund, Inc.                                 | CUSIP: 101507101<br>LEI: 5493000XG0EMNJQ1SM17 | Long             | EC               | RF                | US        |     70473 | NS      | $1306569.42   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Investment Management                           | BNY Mellon High Yield Strategies Fund                       | CUSIP: 09660L105<br>LEI: RH2DL1HWBBECVFYQNK56 | Long             | EC               | RF                | US        |    223000 | NS      | $553040.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Credit Alpha Portfolio Inc             | BlackRock Municipal Credit Alpha Portfolio                  | CUSIP: 09262J102<br>LEI: 529900SLP3C6SEVFWC61 | Long             | EC               | RF                | US        |      4276 | NS      | $52979.64     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc. (US)                                       | BlackRock Innovation and Growth Term Trust                  | CUSIP: 09260Q108<br>LEI: 549300G3XFQ7175KM723 | Long             | EC               | RF                | US        |    364765 | NS      | $2403801.35   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds                                       | First American Government Obligations Fund, Class X         | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4456055 | NS      | $4456054.79   | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcos Dorados Holdings, Inc.                               | Arcos Dorados Holdings, Inc.                                | CUSIP: G0457F107<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | VG        |     65000 | NS      | $477100.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| XA Investments LLC                                         | XAI Octagon Floating Rate Alternative Income Trust          | CUSIP: 98400T106<br>LEI: 549300XT617P63BLW552 | Long             | EC               | RF                | US        |    104264 | NS      | $500467.20    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton Investments (US)                        | Western Asset Inflation-Linked Opportunities & Income Fund  | CUSIP: 95766R104<br>LEI: 549300Z3DNF4FJBJ4A87 | Long             | EC               | RF                | US        |    294011 | NS      | $2525554.49   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| The Blackstone Group Inc                                   | Blackstone Strategic Credit Fund                            | CUSIP: 09257R101<br>LEI: 549300YESIF051NRED20 | Long             | EC               | RF                | US        |    187635 | NS      | $2210340.30   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc. (US)                                       | BlackRock MuniYield Quality Fund II, Inc                    | CUSIP: 09254G108<br>LEI: PRQP520S3DVB025IWS24 | Long             | EC               | RF                | US        |      2877 | NS      | $28913.85     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings                                                    | Barings Global Short Duration High Yield Fund               | CUSIP: 06760L100<br>LEI: 549300WWIZCL845OP089 | Long             | EC               | RF                | US        |    110163 | NS      | $1653546.63   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco S.A.                                        | Banco Bradesco S.A.                                         | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    130000 | NS      | $432900.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Public Funds                                          | Ares Dynamic Credit Allocation Fund Inc.                    | CUSIP: 04014F102<br>LEI: 549300BZI16VZUT2N044 | Long             | EC               | RF                | US        |    116391 | NS      | $1548000.30   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Bernstein                                         | AllianceBernstein Global High Income Fund                   | CUSIP: 01879R106<br>LEI: AE2ZT9UGMEIJ7T4R5734 | Long             | EC               | RF                | US        |    178438 | NS      | $1907502.22   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Aberdeen                                                   | Aberdeen Income Credit Strategies Fund                      | CUSIP: 003057106<br>LEI: JZ9OXI4GGKZDI84RNQ78 | Long             | EC               | RF                | US        |    139129 | NS      | $752687.89    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Aberdeen                                                   | Aberdeen Asia Pacific Income Fund                           | CUSIP: 003009867<br>LEI: 549300J666ZH67203572 | Long             | EC               | RF                | US        |     66150 | NS      | $1014741.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Irsa Inversiones Y Representaciones S.A.                   | Irsa Inversiones Y Representaciones S.A.                    | CUSIP: 450047303<br>LEI: 549300QJINFBX83IZ837 | Long             | EC               | CORP              | AR        |    150526 | NS      | $2489699.43   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint                                                   | Highland Global Allocation Fund                             | CUSIP: 43010T104<br>LEI: 2549007A3RHSGZEL0R21 | Long             | EC               | RF                | US        |     81944 | NS      | $748148.72    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint                                                   | Highland Income Fund                                        | CUSIP: 43010E404<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EC               | RF                | US        |    295885 | NS      | $1769392.30   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| John Hancock Investment Management                         | John Hancock Premium Dividend Fund                          | CUSIP: 41013T105<br>LEI: 549300HU07GPOB5DR949 | Long             | EC               | RF                | US        |    183286 | NS      | $2327732.20   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Modern Capital Funds Trust

**Signature:** /s/ John Tabb

**Name of Signer:** John Tabb

**Title:** Principal Financial Officer