# EDGAR Filing Document

**Accession Number:** 0001355064
**File Stem:** 0001752724-23-046775
**Filing Date:** 2023-2
**Character Count:** 41515
**Document Hash:** 710b5ae9c9a3c1873d200a637005df47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046775.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046775

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MUTUAL FUND SERIES TRUST
- **CENTRAL INDEX KEY:** 0001355064
- **IRS NUMBER:** 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:** 23683043

**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 SWBC Municipal Opportunities Fund (Series ID: S000064011)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000207082 | AlphaCentric SWBC Municipal Opportunities Fund Class I | MUNIX           |
| C000207083 | AlphaCentric SWBC Municipal Opportunities Fund Class A | MUNAX           |
| C000207084 | AlphaCentric SWBC Municipal Opportunities Fund Class C | MUNCX           |

## Nport-Ex

g

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  |  |  | **Fair Value** |
|  | **CLOSED END FUNDS — 20.4%** |  |  |  |
|  | **FIXED INCOME - 20.4%** |  |  |  |
| 10000 | BlackRock MuniYield Quality Fund, Inc. |  |  | &nbsp;&nbsp;&nbsp; $116000 |
| 26000 | MainStay MacKay DefinedTerm Municipal |  |  | &nbsp;&nbsp;&nbsp; 417559 |
| 21550 | Nuveen Municipal Credit Opportunities Fund |  |  | &nbsp;&nbsp;&nbsp; 236835 |
| 23100 | Nuveen Municipal High Income Opportunity Fund |  |  | &nbsp;&nbsp;&nbsp; 238854 |
| 32150 | PIMCO Municipal Income Fund |  |  | &nbsp;&nbsp;&nbsp; 335325 |
| 23550 | PIMCO Municipal Income Fund III |  |  | &nbsp;&nbsp;&nbsp; 205121 |
| 17600 | Putnam Managed Municipal Income Trust |  |  | &nbsp;&nbsp;&nbsp; 110528 |
| 14820 | Putnam Municipal Opportunities Trust |  |  | &nbsp;&nbsp;&nbsp; 160797 |
|  | **TOTAL CLOSED END FUNDS (Cost $1,846,634)** |  |  | &nbsp;&nbsp; 1821019 |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **MUNICIPAL BONDS — 74.4%** |  |  |  |
|  | **APPROPRIATION** — **10.6%** |  |  |  |
| 100000 | Classic Center Authority for Clarke County | 4.1250 | &nbsp;&nbsp;&nbsp;05/01/54 | 93185 |
| 100000 | New Jersey Transportation Trust Fund Authority | 5.0000 | &nbsp;&nbsp;&nbsp;06/15/48 | 101705 |
| 250000 | Pataskala Public Library | 5.2500 | &nbsp;&nbsp;&nbsp;12/01/52 | 267026 |
| 110000 | Pennsylvania Economic Development Financing | 5.2500 | &nbsp;&nbsp;&nbsp;06/30/53 | 108192 |
| 300000 | Pontotoc County Educational Facilities Authority | 4.0000 | &nbsp;&nbsp;&nbsp;09/01/40 | 276530 |
| 100000 | Salinas Union High School District | 4.3750 | &nbsp;&nbsp;&nbsp;06/01/47 | 98967 |
|  |  |  |  | 945605 |
|  | **CHARTER SCHOOLS** — **10.4%** |  |  |  |
| 350000 | Arlington Higher Education Finance Corporation | 4.3750 | &nbsp;&nbsp;&nbsp;08/15/52 | 345133 |
| 100000 | Clifton Higher Education Finance Corporation | 4.2500 | &nbsp;&nbsp;&nbsp;08/15/52 | 97854 |
| 250000 | Colorado Educational & Cultural Facilities | 5.2500 | &nbsp;&nbsp;&nbsp;12/01/52 | 262515 |
| 125000 | District of Columbia | 5.0000 | &nbsp;&nbsp;&nbsp;07/01/52 | 123588 |
| 100000 | Utah Charter School Finance Authority | 4.5000 | &nbsp;&nbsp;&nbsp;10/15/52 | 95201 |
|  |  |  |  | 924291 |
|  | **CITY** — **3.1%** |  |  |  |
| 125000 | City of Chicago IL | 5.5000 | &nbsp;&nbsp;&nbsp;01/01/43 | 128940 |
| 100000 | City of Oil City PA | 4.0000 | &nbsp;&nbsp;&nbsp;12/01/42 | 98096 |
| 50000 | City of Waukegan IL | 4.0000 | &nbsp;&nbsp;&nbsp;12/30/37 | 50207 |
|  |  |  |  | 277243 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** |
| **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, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **MUNICIPAL BONDS — 74.4% (Continued)** |  |  |  |
|  | **COMBINED UTILITIES** — **1.9%** |  |  |  |
| 150000 | South Carolina Public Service Authority | 5.7500 | &nbsp;&nbsp;&nbsp;12/01/52 | $164670 |
|  | **CONTINUING CARE RETIREMENT CENTER** — **10.9%** |  |  |  |
| 200000 | Florida Development Finance Corporation | 4.0000 | &nbsp;&nbsp;&nbsp;06/01/55 | 134327 |
| 10000 | Illinois Finance Authority | 4.0000 | &nbsp;&nbsp;&nbsp;05/15/35 | 8317 |
| 50000 | Illinois Finance Authority | 5.0000 | &nbsp;&nbsp;&nbsp;05/15/56 | 40512 |
| 200000 | Iowa Finance Authority | 4.0000 | &nbsp;&nbsp;&nbsp;05/15/53 | 133705 |
| 100000 | Massachusetts Development Finance Agency | 5.0000 | &nbsp;&nbsp;&nbsp;07/01/56 | 78956 |
| 100000 | New Hampshire Business Finance Authority | 5.0000 | &nbsp;&nbsp;&nbsp;07/01/56 | 77526 |
| 250000 | New Hope Cultural Education Facilities Finance | 6.8750 | &nbsp;&nbsp;&nbsp;10/01/57 | 243056 |
| 25000 | Palm Beach County Health Facilities Authority | 5.0000 | &nbsp;&nbsp;&nbsp;05/15/47 | 20923 |
| 25000 | South Carolina Jobs-Economic Development Authority | 5.0000 | &nbsp;&nbsp;&nbsp;11/15/54 | 21216 |
| 100000 | Tarrant County Cultural Education Facilities | 5.0000 | &nbsp;&nbsp;&nbsp;11/15/37 | 102590 |
| 50000 | Tempe Industrial Development Authority | 6.1250 | &nbsp;&nbsp;&nbsp;10/01/47 | 43773 |
| 80000 | Wisconsin Health & Educational Facilities | 4.0000 | &nbsp;&nbsp;&nbsp;07/01/48 | 63561 |
|  |  |  |  | 968462 |
|  | **ELECTRICITY AND PUBLIC POWER** — **1.4%** |  |  |  |
| 25000 | Puerto Rico Electric Power Authority | 5.2500 | &nbsp;&nbsp;&nbsp;07/01/30 | 25123 |
| 100000 | Puerto Rico Electric Power Authority | 5.2500 | &nbsp;&nbsp;&nbsp;07/01/32 | 99826 |
|  |  |  |  | 124949 |
|  | **HIGHER EDUCATION** — **8.3%** |  |  |  |
| 200000 | Colorado Mountain College | 4.0000 | &nbsp;&nbsp;&nbsp;12/01/51 | 186340 |
| 200000 | Michigan Finance Authority | 4.0000 | &nbsp;&nbsp;&nbsp;02/01/42 | 165843 |
| 100000 | Michigan Finance Authority | 5.0000 | &nbsp;&nbsp;&nbsp;05/01/46 | 83149 |
| 300000 | Ohio Higher Educational Facility Commission | 6.0000 | &nbsp;&nbsp;&nbsp;09/01/52 | 308035 |
|  |  |  |  | 743367 |
|  | **HOSPITALS** — **10.8%** |  |  |  |
| 200000 | Colorado Health Facilities Authority | 4.0000 | &nbsp;&nbsp;&nbsp;05/15/52 | 185808 |
| 250000 | Illinois Finance Authority | 5.0000 | &nbsp;&nbsp;&nbsp;08/15/52 | 256821 |
| 200000 | Illinois Finance Authority | 6.7500 | &nbsp;&nbsp;&nbsp;05/15/58 | 203870 |
| 100000 | Maine Health & Higher Educational Facilities | 5.1250 | &nbsp;&nbsp;&nbsp;07/01/52 | 104124 |
| 125000 | Michigan Finance Authority | 4.0000 | &nbsp;&nbsp;&nbsp;12/01/47 | 113872 |
| 100000 | Palm Beach County Health Facilities Authority | 5.0000 | &nbsp;&nbsp;&nbsp;11/01/52 | 100114 |
|  |  |  |  | 964609 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** |
| **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, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **MUNICIPAL BONDS — 74.4% (Continued)** |  |  |  |
|  | **INCOME TAX FINANCING** — **1.0%** |  |  |  |
| 100000 | New York City Transitional Finance Authority | 4.0000 | &nbsp;&nbsp;&nbsp;08/01/48 | $91986 |
|  | **MELLO ROOS** — **2.7%** |  |  |  |
| 250000 | River Islands Public Financing Authority | 4.2500 | &nbsp;&nbsp;&nbsp;09/01/47 | 238205 |
|  | **MISCELLANEOUS TAX** — **1.1%** |  |  |  |
| 100000 | Lancaster County Convention Center Authority | 4.7500 | &nbsp;&nbsp;&nbsp;05/01/57 | 100261 |
|  | **SCHOOL DISTRICT** — **4.1%** |  |  |  |
| 185000 | Belton Independent School District | 4.0000 | &nbsp;&nbsp;&nbsp;02/15/52 | 175778 |
| 100000 | Caddo Parish Parishwide School District | 4.1250 | &nbsp;&nbsp;&nbsp;03/01/42 | 98244 |
| 100000 | Crandall Independent School District | 4.0000 | &nbsp;&nbsp;&nbsp;08/15/52 | 95324 |
|  |  |  |  | 369346 |
|  | **STATE** — **0.1%** |  |  |  |
| 1077 | Commonwealth of Puerto Rico | 5.6250 | &nbsp;&nbsp;&nbsp;07/01/27 | 1099 |
| 1059 | Commonwealth of Puerto Rico | 5.6250 | &nbsp;&nbsp;&nbsp;07/01/29 | 1085 |
| 1029 | Commonwealth of Puerto Rico | 5.7500 | &nbsp;&nbsp;&nbsp;07/01/31 | 1066 |
| 1064 | Commonwealth of Puerto Rico | 4.0000 | &nbsp;&nbsp;&nbsp;07/01/46 | 801 |
|  |  |  |  | 4051 |
|  | **STUDENT HOUSING** — **0.9%** |  |  |  |
| 100000 | Hastings Campus Housing Finance Authority | 5.0000 | &nbsp;&nbsp;&nbsp;07/01/45 | 82665 |
|  | **TAX BACKED DISTRICT** — **1.2%** |  |  |  |
| 100000 | Lake View Management and Development District | 5.2500 | &nbsp;&nbsp;&nbsp;02/15/52 | 103699 |
|  | **TAX INCREMENT FINANCING** — **2.6%** |  |  |  |
| 250000 | City of McKinney TX | 4.1250 | &nbsp;&nbsp;&nbsp;08/15/52 | 234958 |
|  | **TOBACCO** — **0.2%** |  |  |  |
| 25000 | New York Counties Tobacco Trust VI | 3.7500 | &nbsp;&nbsp;&nbsp;06/01/45 | 19357 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** | **ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX)** |
| **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, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **MUNICIPAL BONDS — 74.4% (Continued)** |  |  |  |
|  | **WATER AND SEWER** — **3.1%** |  |  |  |
| 250000 | City of Brandon SD Water Utility Revenue | 5.5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$276555 |
|  | **TOTAL MUNICIPAL BONDS (Cost $7,238,155)** |  |  | 6634279  |
|  | **TOTAL INVESTMENTS - 94.8% (Cost $9,084,789)** |  |  | &nbsp;&nbsp;&nbsp; $8455298 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 5.2%** |  |  | &nbsp;&nbsp; 463692 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $8918990 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |
| **Number of Contracts** | **Open Short Futures Contracts** | **Expiration** | **Notional Amount<sup>(a)</sup>** | **Value and Unrealized Appreciation** |
| 24 | CBOT 10 Year US Treasury Note | 03/22/2023 | &nbsp;&nbsp;&nbsp; $2695128 | &nbsp;&nbsp;&nbsp; $27052 |
|  | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  |  |

---

**CREDIT DEFAULT SWAPS**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Index** | **Buy/Sell**<br> **Protection** | **Fixed Rate Received** | **Implied Credit Spread** | **Frequency of Payments** | **Expiration Date** | **Notional Amount** | **Value** | **Premiums Paid/ (Received)** | **Unrealized Appreciation (Depreciation)** |
| SOC | Markit CDX North America Investment Grade Index | Buy | 1.00% | 484.23% | Quarterly | 12/20/2027 | $1353500 | $11236 | $22493 | $(11257) |
| SOC | Markit CDX North America High Yield Index | Buy | 5.00% | 81.95% | Quarterly | 12/20/2027 | 1353500 | 10403 | 7185 | 3218 |
|  |  |  |  |  | **Net Unrealized Depreciation on Swap Contracts** | **Net Unrealized Depreciation on Swap Contracts** | **Net Unrealized Depreciation on Swap Contracts** | **Net Unrealized Depreciation on Swap Contracts** | **$29678** | **$(8039)** |

---

---

| | |
|:---|:---|
| PLC | - Public Limited Company |
| SOC | Societe Generale |
| <sup>(a)</sup> | The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund. |

---

## 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 Municipal Opportunities Fund

- **b. EDGAR series identifier (if any):** S000064011

- **c. LEI of Series:** 549300EGZNBNZ5F17Y66

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $9260648.86

**Total Liabilities:** $341659.17

**Net Assets:** $8918989.69

**Cash Not Reported:** $591145.39

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -2.49111600 | **5-Year:** -133.25986500 | **10-Year:** 2720.83468200 | **30-Year:** 3321.81769700

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

- **3-Month:** 0.00000000 | **1-Year:** -3.90113200 | **5-Year:** -499.59696700 | **10-Year:** 357.60478900 | **30-Year:** 871.31131700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000207084 | -2.20%               | 7.71%                | -0.85%               |
| Class ID C000207082 | -2.12%               | 7.80%                | -0.81%               |
| Class ID C000207083 | -2.14%               | 7.77%                | -0.83%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-257371.36              | $71413.32                                  |
| Month 2  | $-247357.24              | $924974.87                                 |
| Month 3  | $-80591.85               | $-45787.74                                 |

**Designated Index Information**

- **Index Name:** ALPHACENTRIC SWBC MUNI OP DRP

- **Index Identifier:** ALPHACENTRIC SWBC MUNI OP DRP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PUERTO RICO COMWLTH                        | PRC 5.75 07/1/2031        | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      1029 | PA      | $1066.09      | 0.01%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH & EDL FACS AUTH           | WI HLTH & EDL FACS-A1     | CUSIP: 97671VAK1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     80000 | PA      | $63560.67     | 0.71%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH            | NJSTRN 5 06/15/2048       | CUSIP: 64613CCK2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101704.62    | 1.14%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                        | PRC 5.625 07/1/2027       | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      1077 | PA      | $1098.62      | 0.01%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HASTINGS CAMPUS HSG FIN AUTH CALIF         | HCHGEN 5 07/1/2045        | CUSIP: 418338AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $82665.46     | 0.93%             | 2045-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BELTON TEX INDPT SCH DIST                  | BLNSCD 4 02/15/2052       | CUSIP: 081077U56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $175778.92    | 1.97%             | 2052-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE HEALTH & HIGHER EDL FACS AUTH        | MESMED 5.125 07/1/2052    | CUSIP: 56042R8N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104123.72    | 1.17%             | 2052-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                        | PRC 4 07/1/2046           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      1064 | PA      | $800.94       | 0.01%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH                          | MISFIN 5 05/1/2046        | CUSIP: 594479GQ4<br>LEI: 5493008HXLUZW0LKZJ03 | Long             | DBT              | MUN               | US        |    100000 | PA      | $83148.63     | 0.93%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FLA HEALTH FACS AUTH       | PALMED 5 11/1/2052        | CUSIP: 69651ACE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100114.24    | 1.12%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CORP           | ARLEDU 4.375 08/15/2052   | CUSIP: 041807CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $345133.57    | 3.87%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TEX CULTURAL ED FACS FIN CORP | TAREDU 5 11/15/2037       | CUSIP: 87638RKB2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102590.22    | 1.15%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY               | MASDEV 5 07/1/2056        | CUSIP: 57584YQ51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $78956.44     | 0.89%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH        | PASDEV 5.25 06/30/2053    | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $108191.74    | 1.21%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR VI                   | NYSGEN 3.75 06/1/2045     | CUSIP: 64945JAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $19356.50     | 0.22%             | 2045-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH                          | MISFIN 4 12/1/2047        | CUSIP: 59447T2W2<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    125000 | PA      | $113871.85    | 1.28%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN               | OHSEDU 6 09/1/2052        | CUSIP: 67756DJ98<br>LEI: 549300NCIIXHMK64IX41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $308035.35    | 3.45%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PONTOTOC CNTY OKLA EDL FACS AUTH           | PONEDU 4 09/1/2040        | CUSIP: 732692DE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $276530.34    | 3.10%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA CONVENTION CTR AUTH      | LANFAC 4.75 05/1/2057     | CUSIP: 514042BE9<br>LEI: 549300F347A3TMO7B762 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100261.01    | 1.12%             | 2057-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                  | PR ELEC-REF-SER V V       | CUSIP: 74526QPN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25122.80     | 0.28%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH      | SC JOBS ECO DEV AUTH      | CUSIP: 837031ZL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21215.97     | 0.24%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALINAS CALIF UN HIGH SCH DIST             | SALEDU 4.375 06/1/2047    | CUSIP: 794897ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98967.22     | 1.11%             | 2047-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                  | PRCPWR 5.25 07/1/2032     | CUSIP: 74526QPQ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99825.71     | 1.12%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OIL CITY PA                                | OIL 4 12/1/2042           | CUSIP: 677789ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98096.39     | 1.10%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH    | NYCGEN 4 08/1/2048        | CUSIP: 64971XX94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91985.53     | 1.03%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH                          | MISFIN 4 02/1/2042        | CUSIP: 594479HP5<br>LEI: 5493006WQZ9RG2VKZB27 | Long             | DBT              | MUN               | US        |    200000 | PA      | $165843.18    | 1.86%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUB SVC AUTH                | SCSUTL 5.75 12/1/2052     | CUSIP: 837151U49<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164670.45    | 1.85%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NUVEEN MUN HIGH INCOME OPPORTUNITY FD      | NUV MUNI HG INC           | CUSIP: 670682103<br>LEI: BN7VUB6JBYC7TTWZRZ58 | Long             | EC               | RF                | US        |     23100 | NS      | $238854.00    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PALM BEACH CNTY FLA HEALTH FACS AUTH       | PALMED 5 05/15/2047       | CUSIP: 696507UD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $20923.18     | 0.23%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                          | ILSGEN 6.75 05/15/2058    | CUSIP: 45204FSQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203869.56    | 2.29%             | 2058-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                          | ILSGEN 5 08/15/2052       | CUSIP: 45204FTB1<br>LEI: 549300OLHNJ39OUUAH74 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256821.30    | 2.88%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN MUN CR OPPORTUNITIES FD             | NVN-MUNI CRD OPP          | CUSIP: 670663103<br>LEI: 549300DD3V5NH59YTS11 | Long             | EC               | RF                | US        |     21550 | NS      | $236834.50    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CDX.NA.IG Series 39                        | CDX NA.IG.39 12/27 CLEAR  | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  -1353500 | PA      | $10787.53     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                     | US 10YR NOTE (CBT)Mar23   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |       -24 | NC      | $27051.75     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDON S D                                | BDNUTL 5.5 08/1/2052      | CUSIP: 10530AAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276555.45    | 3.10%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                          | DISREV 5 07/1/2052        | CUSIP: 25483VB37<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    125000 | PA      | $123587.66    | 1.39%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP         | NHPFAC 6.875 10/1/2057    | CUSIP: 64542UGH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243055.28    | 2.73%             | 2057-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH                              | IASGEN 4 05/15/2053       | CUSIP: 46247SBN3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    200000 | PA      | $133705.04    | 1.50%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CDX.NA.HY Series 39                        | CDX.NA.HY.39 12/27 CLEAR  | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  -1353500 | PA      | $7882.78      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CADDO PARISH LA PARISH WIDE SCH DIST       | CADSCD 4.125 03/1/2042    | CUSIP: 127269PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98243.80     | 1.10%             | 2042-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PIMCO MUNICIPAL INCOME FUND                | PIMCO MUNICIPAL INCOME FU | CUSIP: 72200R107<br>LEI: 1G5AFDQ1J4RKDZ2JDZ73 | Long             | EC               | RF                | US        |     32150 | NS      | $335324.50    | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Municipal Opportunities Trust       | PUTNAM MUNI OPPORTUNITIES | CUSIP: 746922103<br>LEI: 549300M74BR4G95PSL96 | Long             | EC               | RF                | US        |     14820 | NS      | $160797.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| FLORIDA DEV FIN CORP                       | FLSHSG 4 06/1/2055        | CUSIP: 34061WBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $134326.62    | 1.51%             | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                          | ILSGEN 5 05/15/2056       | CUSIP: 45204FHV0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     50000 | PA      | $40511.59     | 0.45%             | 2056-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH          | COSEDU 5.25 12/1/2052     | CUSIP: 19645UPN8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262514.73    | 2.94%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PIMCO MUNICIPAL INCOME FUND III            | PIMCO MUNI INC            | CUSIP: 72201A103<br>LEI: SJUC6WH3GDYFFYIHMV67 | Long             | EC               | RF                | US        |     23550 | NS      | $205120.50    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP             | CLIEDU 4.25 08/15/2052    | CUSIP: 187145RA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97854.11     | 1.10%             | 2052-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TEMPE ARIZ INDL DEV AUTH                   | TEMDEV 6.125 10/1/2047    | CUSIP: 87972MAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $43773.25     | 0.49%             | 2047-10-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| COLORADO MTN COLLEGE COLO                  | CMTEDU 4 12/1/2051        | CUSIP: 19652WAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $186339.60    | 2.09%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKE VIEW TEX                              | LKVGEN 5.25 02/15/2052    | CUSIP: 511115CQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103698.61    | 1.16%             | 2052-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MC KINNEY TEX                              | MKYGEN 4.125 08/15/2052   | CUSIP: 58178DAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $234957.95    | 2.63%             | 2052-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUTNAM MANAGED MUN INCOME TR               | PUTNAM MGD MUNI           | CUSIP: 746823103<br>LEI: 549300MCDIUT86HMWI73 | Long             | EC               | RF                | US        |     17600 | NS      | $110528.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FIN AUTH N H                      | NFADEV 5 07/1/2056        | CUSIP: 63607YAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $77525.82     | 0.87%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                        | PRC 5.625 07/1/2029       | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      1059 | PA      | $1085.34      | 0.01%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                          | ILSGEN 4 05/15/2035       | CUSIP: 45203HU59<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     10000 | PA      | $8317.26      | 0.09%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                  | COSMED 4 05/15/2052       | CUSIP: 19648FVJ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    200000 | PA      | $185808.48    | 2.08%             | 2052-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL                                | CHI 5.5 01/1/2043         | CUSIP: 167486P86<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128938.85    | 1.45%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHARTER SCH FIN AUTH               | UTSEDU 4.5 10/15/2052     | CUSIP: 91754TT60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95200.83     | 1.07%             | 2052-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS PUB FING AUTH CALIF          | RVIGEN 4.25 09/1/2047     | CUSIP: 76827QGQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $238205.68    | 2.67%             | 2047-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIYIELD QUALITY FD INC         | BLACKROCK-MU Y Q          | CUSIP: 09254F100<br>LEI: TFKEE3VA3GBE5LOK5U77 | Long             | EC               | RF                | US        |     10000 | NS      | $116000.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MAINSTAY DEFINEDTERM MUN OPPORTUNITIES FD  | MAINSTAY MACKAY           | CUSIP: 56064K100<br>LEI: 549300AOV8XDBTKPOR64 | Long             | EC               | RF                | US        |     26000 | NS      | $417560.00    | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANDALL TEX INDPT SCH DIST                | CRASCD 4 08/15/2052       | CUSIP: 224381VG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95324.37     | 1.07%             | 2052-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PATASKALA OHIO                             | PPLFAC 5.25 12/1/2052     | CUSIP: 703001AS6<br>LEI: 549300UFX1QZKN5KRN29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $267026.33    | 2.99%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLASSIC CTR AUTH FOR CLARKE CNTY GA        | CLCGEN 4.125 05/1/2054    | CUSIP: 18274AAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93184.84     | 1.04%             | 2054-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WAUKEGAN ILL                               | WAU 4 12/30/2037          | CUSIP: 942860TY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50207.43     | 0.56%             | 2037-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer