# EDGAR Filing Document

**Accession Number:** 0001355064
**File Stem:** 0000910472-26-002714
**Filing Date:** 2026-2
**Character Count:** 56058
**Document Hash:** 81de2793c8e625e79c45eedc5e99a29c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002714.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002714

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21872
- **FILM NUMBER:** 26683066

**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 Income Opportunities Fund (Series ID: S000048680)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000153405 | AlphaCentric Income Opportunities Fund Class A | IOFAX           |
| C000153406 | AlphaCentric Income Opportunities Fund Class C | IOFCX           |
| C000153407 | AlphaCentric Income Opportunities Fund Class I | IOFIX           |

## Nport-Ex

ye

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 3.2%** | **COMMON STOCKS — 3.2%** |  |  |  |
|  | **RESIDENTIAL REIT - 1.0%** | **RESIDENTIAL REIT - 1.0%** |  |  |  |
| 90000 | Invitation Homes, Inc. |  |  |  | &nbsp;&nbsp;&nbsp; $2501100 |
|  | **SPECIALTY FINANCE - 2.2%** | **SPECIALTY FINANCE - 2.2%** |  |  |  |
| 100000 | Federal Home Loan Mortgage Corporation<sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; 1014000 |
| 400000 | Federal National Mortgage Association<sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; 4292000 |
|  |  |  |  |  | &nbsp;&nbsp; 5306000 |
|  | **TOTAL COMMON STOCKS (Cost $7,799,907)** | **TOTAL COMMON STOCKS (Cost $7,799,907)** |  |  | &nbsp;&nbsp; 7807100 |
|  | **EXCHANGE-TRADED FUND — 1.0%** | **EXCHANGE-TRADED FUND — 1.0%** |  |  |  |
|  | **FIXED INCOME - 1.0%** | **FIXED INCOME - 1.0%** |  |  |  |
| 26000 | iShares MBS ETF **(Cost $2,438,985)** |  |  |  | &nbsp;&nbsp;&nbsp; 2475720 |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES — 97.5%** | **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES — 97.5%** |  |  |  |
| 663869 | ABFS Mortgage Loan Trust 2003-2 Series 2003-2 B<sup>(b),(c)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;04/25/34 | 481238 |
| 288870 | ACE Securities Corp Home Equity Loan Trust Series 2004-RM2 M4<sup>(d)</sup> | TSFR1M + 1.434% | 0.0001 | &nbsp;&nbsp;&nbsp;01/25/35 | 307634 |
| 4600362 | ACE Securities Corp Home Equity Loan Trust Series 2005-HE2 M7<sup>(d)</sup> | TSFR1M + 1.959% | 0.0001 | &nbsp;&nbsp;&nbsp;04/25/35 | 2993535 |
| 5102812 | ACE Securities Corp Home Equity Loan Trust Series 2006-ASP4 M1<sup>(d)</sup> | TSFR1M + 0.549% | 0.9790 | &nbsp;&nbsp;&nbsp;08/25/36 | 4745775 |
| 39154 | Adjustable Rate Mortgage Trust 2005-3 Series 2005-3 1A2<sup>(c)</sup> |  | 4.6090 | &nbsp;&nbsp;&nbsp;07/25/35 | 37827 |
| 942873 | Alternative Loan Trust 2006-OA22 Series 2006-OA22 A3<sup>(d)</sup> | TSFR1M + 0.594% | 4.3260 | &nbsp;&nbsp;&nbsp;02/25/47 | 860980 |
| 3481786 | American Home Mortgage Investment Trust 2006-1 Series 2006-1 1A2<sup>(d)</sup> | TSFR1M + 0.494% | 4.3450 | &nbsp;&nbsp;&nbsp;03/25/46 | 3083531 |
| 1033413 | Ameriquest Mort Sec Inc Ass Bk Pas Through Certs Ser Series 2002-2 M4<sup>(d)</sup> | TSFR1M + 3.414% | 1.3210 | &nbsp;&nbsp;&nbsp;08/25/32 | 936593 |
| 1323484 | Ameriquest Mortgage Securities Asset-Backed Series 2005-R10 M7<sup>(d)</sup> | TSFR1M + 2.289% | 0.0001 | &nbsp;&nbsp;&nbsp;01/25/36 | 2095319 |
| 2788 | Amresco Residential Securities Corp Mort Loan Series 1999-1 M2<sup>(d)</sup> | TSFR1M + 1.464% | 0.0001 | &nbsp;&nbsp;&nbsp;11/25/29 | 2395 |
| 2244757 | Banc of America Mortgage 2004-K Trust Series 2004-K B1<sup>(c)</sup> |  | 5.2460 | &nbsp;&nbsp;&nbsp;12/25/34 | 1905068 |
| 8793 | Bear Stearns ARM Trust 2003-8 Series 2003-8 1A2<sup>(c)</sup> |  | 6.5000 | &nbsp;&nbsp;&nbsp;01/25/34 | 8595 |
| 159092 | Bear Stearns ARM Trust 2004-7 Series 2004-7 1A1<sup>(c)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;10/25/34 | 124021 |
| 45368500 | Carrington Mortgage Loan Trust Series 2006-FRE1 Series 2006-FRE1 M1<sup>(d)</sup> | TSFR1M + 0.414% | 2.0420 | &nbsp;&nbsp;&nbsp;07/25/36 | 34145734 |
| 8937768 | Carrington Mortgage Loan Trust Series 2006-NC4 Series 2006-NC4 M1<sup>(d)</sup> | TSFR1M + 0.414% | 0.0001 | &nbsp;&nbsp;&nbsp;10/25/36 | 5873868 |
| 14553779 | Carrington Mortgage Loan Trust Series 2007-RFC1 Series 2007-RFC1 M1<sup>(d)</sup> | TSFR1M + 0.374% | 0.6590 | &nbsp;&nbsp;&nbsp;12/25/36 | 11514149 |
| 45576 | Centex Home Equity Loan Trust 2004-B Series 2004-B M7<sup>(d)</sup> | TSFR1M + 2.439% | 5.5760 | &nbsp;&nbsp;&nbsp;03/25/34 | 922 |
| 10137182 | CIT Mortgage Loan Trust 2007-1 Series 2007-1 2M3<sup>(b),(d)</sup> | TSFR1M + 1.864% | 5.1940 | &nbsp;&nbsp;&nbsp;10/25/37 | 9711438 |
| 25755125 | CIT Mortgage Loan Trust 2007-1 Series 2007-1 1M3<sup>(b),(d)</sup> | TSFR1M + 1.864% | 5.3650 | &nbsp;&nbsp;&nbsp;10/25/37 | 25476629 |
| 4549046 | Citigroup Mortgage Loan Trust 2006-WMC1 Series 2006-WMC1 M2<sup>(d)</sup> | TSFR1M + 0.729% | 4.2820 | &nbsp;&nbsp;&nbsp;12/25/35 | 3494706 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES — 97.5% (Continued)** | **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES — 97.5% (Continued)** |  |  |  |
| 11045058 | Citigroup Mortgage Loan Trust 2007-AHL1 Series 2007-AHL1 M2<sup>(d)</sup> | TSFR1M + 0.519% | 0.9050 | &nbsp;&nbsp;&nbsp;12/25/36 | $10880955 |
| 522463 | Citigroup Mortgage Loan Trust, Inc. Series 2005-OPT1 M8<sup>(d)</sup> | TSFR1M + 2.049% | 0.0001 | &nbsp;&nbsp;&nbsp;02/25/35 | 449331 |
| 2350121 | Countrywide Asset-Backed Certificates Series 2007-2 M1<sup>(d)</sup> | TSFR1M + 0.334% | 3.4010 | &nbsp;&nbsp;&nbsp;08/25/37 | 2259720 |
| 1234365 | Credit Suisse First Boston Mortgage Securities Series 2001-HE22 M1<sup>(d)</sup> | TSFR1M + 1.614% | 0.0001 | &nbsp;&nbsp;&nbsp;02/25/32 | 1928686 |
| 3703807 | Credit-Based Asset Servicing and Securitization, Series 2007-SP2 M7<sup>(b),(e)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;03/25/46 | 1342253 |
| 1120106 | Delta Funding Home Equity Loan Trust 1997-3 Series 1997-3 B1F |  | 3.0850 | &nbsp;&nbsp;&nbsp;10/25/28 | 1131687 |
| 1188267 | Delta Funding Home Equity Loan Trust 1998-1 Series 1998-1 M1F<sup>(d)</sup> | TSFR1M + 0.939% | 0.5560 | &nbsp;&nbsp;&nbsp;05/25/30 | 1034903 |
| 675683 | Delta Funding Home Equity Loan Trust 1999-1 Series 1999-1 B<sup>(c)</sup> |  | 1.5130 | &nbsp;&nbsp;&nbsp;03/15/28 | 619017 |
| 1560938 | Delta Funding Home Equity Loan Trust 1999-2 Series 1999-2 M1 |  | 2.8600 | &nbsp;&nbsp;&nbsp;08/15/30 | 1332326 |
| 5675350 | EMC Mortgage Loan Trust 2005-B Series 2005-B M2<sup>(b),(d)</sup> | TSFR1M + 2.364% | 5.5570 | &nbsp;&nbsp;&nbsp;04/25/42 | 5766022 |
| 1569266 | First Franklin Mortgage Loan Trust 2006-FF7 Series 2006-FF7 M1<sup>(d)</sup> | TSFR1M + 0.489% | 0.0001 | &nbsp;&nbsp;&nbsp;05/25/36 | 1422467 |
| 8825702 | First Franklin Mortgage Loan Trust 2006-FF9 Series 2006-FF9 M1<sup>(d)</sup> | TSFR1M + 0.489% | 0.0001 | &nbsp;&nbsp;&nbsp;06/25/36 | 7362556 |
| 1975222 | Fremont Home Loan Trust 2004-3 Series 2004-3 M5<sup>(d)</sup> | TSFR1M + 1.989% | 0.0001 | &nbsp;&nbsp;&nbsp;11/25/34 | 1339835 |
| 6126 | GSR Mortgage Loan Trust 2005-7F Series 2005-7F 3A1<sup>(d)</sup> | TSFR1M + 0.614% | 4.3460 | &nbsp;&nbsp;&nbsp;09/25/35 | 6136 |
| 820209 | GSRPM Mortgage Loan Trust Series 2004-1 Series 2004-1 B2<sup>(b),(d)</sup> | TSFR1M + 5.364% | 1.9320 | &nbsp;&nbsp;&nbsp;09/25/42 | 778851 |
| 1126194 | HarborView Mortgage Loan Trust 2006-12 Series 2006-12 2A2B<sup>(d)</sup> | TSFR1M + 0.614% | 3.2230 | &nbsp;&nbsp;&nbsp;01/19/38 | 1756125 |
| 17664 | IndyMac INDX Mortgage Loan Trust 2004-AR6 Series 2004-AR6 6A2<sup>(c)</sup> |  | 1.4670 | &nbsp;&nbsp;&nbsp;10/25/34 | 16719 |
| 1015992 | IXIS Real Estate Capital Trust 2005-HE2 Series 2005-HE2 M6<sup>(d)</sup> | TSFR1M + 1.149% | 4.9690 | &nbsp;&nbsp;&nbsp;09/25/35 | 1394708 |
| 193573 | MAFI II Remic Trust 1998-A Series 1998-AX B2 |  | 2.8390 | &nbsp;&nbsp;&nbsp;02/20/27 | 236679 |
| 201767 | MASTR Alternative Loan Trust 2002-2 Series 2002-2 B3<sup>(c)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;10/25/32 | 2 |
| 4864694 | Mastr Asset Backed Securities Trust 2007-HE1 Series 2007-HE1 M1<sup>(d)</sup> | TSFR1M + 0.414% | 2.3660 | &nbsp;&nbsp;&nbsp;05/25/37 | 4051203 |
| 11909 | Merrill Lynch Mortgage Investors Trust MLMI Series 2003-A1 2A<sup>(d)</sup> | TSFR12M + 2.340% | 5.8450 | &nbsp;&nbsp;&nbsp;12/25/32 | 11937 |
| 37311 | Merrill Lynch Mortgage Investors Trust MLMI Series 2003-A2 2A2<sup>(d)</sup> | TSFR6M + 1.928% | 5.6300 | &nbsp;&nbsp;&nbsp;02/25/33 | 36496 |
| 31626 | Merrill Lynch Mortgage Investors Trust Series MLCC Series 2005-A B2<sup>(d)</sup> | TSFR1M + 1.119% | 0.0001 | &nbsp;&nbsp;&nbsp;03/25/30 | 3423 |
| 2380192 | Merrill Lynch Mortgage Investors Trust Series MLCC Series 2006-1 M1<sup>(c)</sup> |  | 1.8810 | &nbsp;&nbsp;&nbsp;02/25/36 | 1792347 |
| 3325003 | Mill City Mortgage Loan Trust 2018-3 Series 3 B6<sup>(b),(c)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;08/25/58 | 1646579 |
| 3522491 | Mill City Mortgage Loan Trust 2018-3 Series 3 B5<sup>(b),(c)</sup> |  | 0.5670 | &nbsp;&nbsp;&nbsp;08/25/58 | 2071482 |
| 5973936 | Mill City Mortgage Loan Trust 2018-4 Series 4 B6<sup>(b),(c)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;04/25/66 | 3551117 |
| 323630 | Morgan Stanley A.B.S Capital I Inc Trust 2004-WMC3 Series 2004-WMC3 M6<sup>(d)</sup> | TSFR1M + 1.764% | 3.6520 | &nbsp;&nbsp;&nbsp;01/25/35 | 478015 |
| 4994381 | Morgan Stanley A.B.S Capital I Inc Trust 2007-HE6 Series 2007-HE6 M1<sup>(d)</sup> | TSFR1M + 0.374% | 0.0001 | &nbsp;&nbsp;&nbsp;05/25/37 | 6724772 |
| 25182 | Morgan Stanley Mortgage Loan Trust 2004-7AR Series 2004-7AR 2A7<sup>(c)</sup> |  | 5.5040 | &nbsp;&nbsp;&nbsp;09/25/34 | 24896 |
| 7309028 | Nationstar Home Equity Loan Trust 2007-B Series 2007-B M2<sup>(d)</sup> | TSFR1M + 0.584% | 4.3210 | &nbsp;&nbsp;&nbsp;04/25/37 | 7970493 |
| 15977 | Nomura Asset Acceptance Corp Alternative Loan Series 2003-A1 A5 |  | 7.0000 | &nbsp;&nbsp;&nbsp;04/25/33 | 16141 |
| 3381 | Nomura Asset Acceptance Corp Alternative Loan Series 2003-A1 A2 |  | 6.0000 | &nbsp;&nbsp;&nbsp;05/25/33 | 3445 |
| 3126335 | NovaStar Mortgage Funding Trust Series 2003-1 Series 2003-1 M2<sup>(d)</sup> | TSFR1M + 3.114% | 0.0001 | &nbsp;&nbsp;&nbsp;05/25/33 | 2825209 |
| 16078513 | Option One Mortgage Loan Trust 2007-CP1 Series 2007-CP1 M1<sup>(d)</sup> | TSFR1M + 0.414% | 0.0001 | &nbsp;&nbsp;&nbsp;03/25/37 | 14959507 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** | **ALPHACENTRIC INCOME OPPORTUNITIES FUND (IOFAX, IOFCX, IOFIX)** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES — 97.5% (Continued)** | **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES — 97.5% (Continued)** |  |  |  |
| 3969527 | Park Place Securities Inc Asset-Backed Series 2004-WHQ2 M7<sup>(d)</sup> | TSFR1M + 2.739% | 0.0001 | &nbsp;&nbsp;&nbsp;02/25/35 | $2716808 |
| 8339596 | PHH Alternative Mortgage Trust Series 2007-1 Series 1 1A3<sup>(d)</sup> | TSFR1M + 0.594% | 4.3260 | &nbsp;&nbsp;&nbsp;02/25/37 | 815005 |
| 2737218 | RAAC Series 2006-RP2 Trust Series 2006-RP2 M2<sup>(b),(d)</sup> | TSFR1M + 1.364% | 5.0960 | &nbsp;&nbsp;&nbsp;02/25/37 | 2378753 |
| 11273875 | RAAC Series 2007-SP3 Trust Series 2007-SP3 M1<sup>(d)</sup> | TSFR1M + 2.364% | 5.3380 | &nbsp;&nbsp;&nbsp;09/25/47 | 7526837 |
| 2204022 | RASC Series 2006-EMX1 Trust Series 2006-EMX1 M3<sup>(d)</sup> | TSFR1M + 0.584% | 4.6590 | &nbsp;&nbsp;&nbsp;01/25/36 | 1610872 |
| 289632 | Renaissance Home Equity Loan Trust 2003-2 Series 2003-2 M2F<sup>(e)</sup> |  | 3.5060 | &nbsp;&nbsp;&nbsp;08/25/33 | 236858 |
| 4687865 | Renaissance Home Equity Loan Trust 2005-1 Series 2005-1 M2<sup>(e)</sup> |  | 5.9050 | &nbsp;&nbsp;&nbsp;05/25/35 | 387737 |
| 4814717 | Renaissance Home Equity Loan Trust 2005-2 Series 2005-2 M2<sup>(e)</sup> |  | 5.6010 | &nbsp;&nbsp;&nbsp;08/25/35 | 959246 |
| 88069 | SASCO Mortgage Loan Trust 2003-GEL1 Series 2003-GEL1 M3<sup>(d)</sup> | TSFR1M + 4.614% | 3.9910 | &nbsp;&nbsp;&nbsp;10/25/33 | 84455 |
| 4793155 | Saxon Asset Securities Trust 2007-3 Series 2007-3 1M2<sup>(d)</sup> | TSFR1M + 1.014% | 0.3630 | &nbsp;&nbsp;&nbsp;09/25/47 | 5738148 |
| 41361422 | Seasoned Credit Risk Transfer Trust Series 2018-3 Series 3 BX<sup>(c)</sup> |  | 1.1880 | &nbsp;&nbsp;&nbsp;08/25/57 | 11994898 |
| 5839424 | Sequoia Mortgage Trust 2004-10 Series 2004-10 XA<sup>(c)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;11/20/34 | 58 |
| 199460 | Soundview Home Loan Trust 2005-A Series 2005-A M6<sup>(d)</sup> | TSFR1M + 1.464% | 0.0001 | &nbsp;&nbsp;&nbsp;04/25/35 | 206585 |
| 5321456 | Soundview Home Loan Trust 2005-OPT1 Series 2005-OPT1 M5<sup>(d)</sup> | TSFR1M + 1.164% | 1.5600 | &nbsp;&nbsp;&nbsp;06/25/35 | 4202098 |
| 1785637 | Structured Adjustable Rate Mortgage Loan Trust Series 7 4A1<sup>(c)</sup> |  | 4.5800 | &nbsp;&nbsp;&nbsp;08/25/36 | 419870 |
| 2357140 | Structured Asset Investment Loan Trust 2005-HE3 Series 2005-HE3 M3<sup>(d)</sup> | TSFR1M + 0.909% | 0.0001 | &nbsp;&nbsp;&nbsp;09/25/35 | 1770643 |
| 76377 | Structured Asset Mortgage Investments II Trust Series 2004-AR5 1A2<sup>(c)</sup> |  | 3.8190 | &nbsp;&nbsp;&nbsp;10/19/34 | 66755 |
| 554956 | Structured Asset Mortgage Investments Trust Series 2002-AR4 A2<sup>(d)</sup> | TSFR1M + 0.939% | 3.7850 | &nbsp;&nbsp;&nbsp;02/19/33 | 479139 |
| 2323000 | Towd Point Mortgage Trust 2018-5 Series 5 B4<sup>(b),(c)</sup> |  | 3.4820 | &nbsp;&nbsp;&nbsp;07/25/58 | 1454867 |
| 757000 | Truman Capital Mortgage Loan Trust Series 2005-1 M3<sup>(b),(d)</sup> | TSFR1M + 5.364% | 3.6010 | &nbsp;&nbsp;&nbsp;03/25/37 | 698476 |
| 267562 | WaMu Mortgage Pass-Through Certificates Series 2003-AR10 B2<sup>(c)</sup> |  | 0.0001 | &nbsp;&nbsp;&nbsp;10/25/33 | 198844 |
| 89760 | WaMu Mortgage Pass-Through Certificates Series 2002-AR17 2B1<sup>(d)</sup> | COF 11 + 1.250% | 3.9170 | &nbsp;&nbsp;&nbsp;11/25/42 | 85685 |
|  | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES (Cost $172,429,427)** | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES (Cost $172,429,427)** |  |  | 239058634 |
|  | **TOTAL INVESTMENTS - 101.7% (Cost $182,668,319)** | **TOTAL INVESTMENTS - 101.7% (Cost $182,668,319)** |  |  | &nbsp;&nbsp;&nbsp; $249341454 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.7)%** | **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.7)%** |  |  | &nbsp;&nbsp; (4188236) |
|  | **NET ASSETS - 100.0%** |  |  |  | &nbsp;&nbsp; $245153218 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| REIT | - Real Estate Investment Trust |
| REMIC | - Real Estate Mortgage Investment Conduit |
| COF 11 | - Cost of Funds for the 11th District of San Francisco |
| TSFR1M | - Term Secured Overnight Financing Rate (SOFR) 1 month |
| TSFR6M | - Term Secured Overnight Financing Rate (SOFR) 6 month |
| TSFR12M | - Term Secured Overnight Financing Rate (SOFR) 12 month |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2025 the total market value of 144A securities is $55,357,705 or 22.6% of net assets. |
| <sup>(c)</sup> | Variable rate security; the rate shown represents the rate on December 31, 2025. |
| <sup>(d)</sup> | Floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. |
| <sup>(e)</sup> | Step bond. Coupon rate is fixed rate that changes on a specified date. The rate shown is the current rate at 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:** 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 Income Opportunities Fund

- **b. EDGAR series identifier (if any):** S000048680

- **c. LEI of Series:** 549300G5GDKQ1HGLKQ58

**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:** $247664766.81

**Total Liabilities:** $2511548.36

**Net Assets:** $245153218.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.07124000 | **1-Year:** 9.00307500 | **5-Year:** 20.07867300 | **10-Year:** 5462.40571900 | **30-Year:** 4412.93141200

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

- **3-Month:** 191.84474800 | **1-Year:** 1346.65151600 | **5-Year:** 19199.03492100 | **10-Year:** 105950.13224400 | **30-Year:** 23936.62891300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153405 | 1.19%                | 0.79%                | -0.43%               |
| Class ID C000153406 | 1.13%                | 0.87%                | -0.50%               |
| Class ID C000153407 | 1.21%                | 0.80%                | -0.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-659752.28              | $2647626.72                                |
| Month 2  | $-155294.84              | $1712324.13                                |
| Month 3  | $-352121.14              | $-1322189.72                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ABFS Mortgage Loan Trust 2000-1                                                          | ABFS 2003-2 B          | CUSIP: 000759DN7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    663869 | PA      | $481237.66    | 0.20%             | 2034-04-25      | Floating      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| ACE Securities Corp Home Equity Loan Trust                                               | ACE 2006-ASP4 M1       | CUSIP: 00441UAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5102812 | PA      | $4745775.06   | 1.94%             | 2036-08-25      | Floating      | 0.98%                 | No            | 2                  | On Loan: No      |
| ACE Securities Corp Home Equity Loan Trust                                               | ACE 2004-RM2 M4        | CUSIP: 004421JZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288870 | PA      | $307633.87    | 0.13%             | 2035-01-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| ACE Securities Corp Home Equity Loan Trust                                               | ACE 2005-HE2 M7        | CUSIP: 004421MJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4600362 | PA      | $2993535.31   | 1.22%             | 2035-04-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Adjustable Rate Mortgage Trust 2005-8                                                    | ARMT 2005-3 1A2        | CUSIP: 007036KA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39154 | PA      | $37826.74     | 0.02%             | 2035-07-25      | Floating      | 4.61%                 | No            | 2                  | On Loan: No      |
| American Home Mortgage Investment Trust 2004-2                                           | AHM 2006-1 1A2         | CUSIP: 02660THZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3481786 | PA      | $3083531.23   | 1.26%             | 2046-03-25      | Floating      | 4.35%                 | No            | 2                  | On Loan: No      |
| Ameriquest Mortgage Securities Inc Asset Backed Pass-Through Certificates Series 2005-R7 | AMSI 2002-2 M4         | CUSIP: 03072SCK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1033413 | PA      | $936592.97    | 0.38%             | 2032-08-25      | Floating      | 1.32%                 | No            | 2                  | On Loan: No      |
| Ameriquest Mortgage Securities Inc Asset Backed Pass-Through Certificates Series 2005-R7 | AMSI 2005-R10 M7       | CUSIP: 03072ST47<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1323484 | PA      | $2095318.92   | 0.85%             | 2036-01-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Amresco Residential Securities Corporation                                               | AMRES 1999-1 M2        | CUSIP: 03215PFQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2788 | PA      | $2395.08      | 0.00%             | 2029-11-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Banc Of America Mortgage Securities Inc.                                                 | BOAMS 2004-K B1        | CUSIP: 05949AXN5<br>LEI: 549300IE5TDZLY0T0V30 | Long             | ABS-O            | CORP              | US        |   2244757 | PA      | $1905068.09   | 0.78%             | 2034-12-25      | Floating      | 5.25%                 | No            | 2                  | On Loan: No      |
| Bear Stearns Arm Trust                                                                   | BSARM 2004-7 1A1       | CUSIP: 07384MX98<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    159092 | PA      | $124021.16    | 0.05%             | 2034-10-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Bear Stearns Arm Trust                                                                   | BSARM 2003-8 1A2       | CUSIP: 07384MZR6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8793 | PA      | $8594.55      | 0.00%             | 2034-01-25      | Floating      | 6.50%                 | No            | 2                  | On Loan: No      |
| C-Bass Mortgage Loan Asset-Backed Certificates Series 2007-Sl1                           | CBASS 2007-SP2 M7      | CUSIP: 1248MHAK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3703807 | PA      | $1342253.34   | 0.55%             | 2046-03-25      | Floating      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| CIT Mtg Ln Tr                                                                            | CITM 2007-1 1M3        | CUSIP: 12559QAK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25755125 | PA      | $25476629.55  | 10.39%            | 2037-10-25      | Floating      | 5.37%                 | Yes           | 2                  | On Loan: No      |
| CIT Mtg Ln Tr                                                                            | CITM 2007-1 2M3        | CUSIP: 12559QAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10137182 | PA      | $9711437.66   | 3.96%             | 2037-10-25      | Floating      | 5.19%                 | Yes           | 2                  | On Loan: No      |
| CWABS Asset-Backed Certificates Trust 2007-2                                             | CWL 2007-2 M1          | CUSIP: 12668NAF4<br>LEI: 54930073YVYKEQSVET44 | Long             | ABS-O            | CORP              | US        |   2350121 | PA      | $2259720.43   | 0.92%             | 2037-08-25      | Floating      | 3.40%                 | No            | 2                  | On Loan: No      |
| Carrington Mortgage Loan Trust                                                           | CARR 2007-RFC1 M1      | CUSIP: 144526AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14553779 | PA      | $11514149.12  | 4.70%             | 2036-12-25      | Floating      | 0.66%                 | No            | 2                  | On Loan: No      |
| Carrington Mortgage Loan Trust                                                           | CARR 2006-FRE1 M1      | CUSIP: 144538AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  45368500 | PA      | $34145734.99  | 13.93%            | 2036-07-25      | Floating      | 2.04%                 | No            | 2                  | On Loan: No      |
| Carrington Mortgage Loan Trust                                                           | CARR 2006-NC4 M1       | CUSIP: 14453MAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8937768 | PA      | $5873868.33   | 2.40%             | 2036-10-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Centex Home Equity Loan Trust                                                            | CXHE 2004-B M7         | CUSIP: 152314KB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45576 | PA      | $922.27       | 0.00%             | 2034-03-25      | Floating      | 5.58%                 | No            | 2                  | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc.                                                       | CMLTI 2005-OPT1 M8     | CUSIP: 17307GNY0<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |    522463 | PA      | $449330.82    | 0.18%             | 2035-02-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc.                                                       | CMLTI 2006-WMC1 M2     | CUSIP: 17307GZ76<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |   4549046 | PA      | $3494705.68   | 1.43%             | 2035-12-25      | Floating      | 4.28%                 | No            | 2                  | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc.                                                       | CMLTI 2007-AHL1 M2     | CUSIP: 17311VAH2<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |  11045058 | PA      | $10880954.59  | 4.44%             | 2036-12-25      | Floating      | 0.90%                 | No            | 2                  | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities Corp.                                     | CSFB 2001-HE22 M1      | CUSIP: 22540VCT7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1234365 | PA      | $1928686.15   | 0.79%             | 2032-02-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Cwalt Alternative Loan Trust                                                             | CWALT 2006-OA22 A3     | CUSIP: 23245PAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    942873 | PA      | $860979.63    | 0.35%             | 2047-02-25      | Floating      | 4.33%                 | No            | 2                  | On Loan: No      |
| Delta Funding Home Equity Loan Trust 1998-1                                              | DELHE 1997-3 B1F       | CUSIP: 24763LCD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1120106 | PA      | $1131686.68   | 0.46%             | 2028-10-25      | Fixed         | 3.08%                 | No            | 2                  | On Loan: No      |
| Delta Funding Home Equity Loan Trust 1998-1                                              | DELHE 1998-1 M1F       | CUSIP: 24763LDE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1188267 | PA      | $1034903.12   | 0.42%             | 2030-05-25      | Floating      | 0.56%                 | No            | 2                  | On Loan: No      |
| Delta Funding Home Equity Loan Trust 1998-1                                              | DELHE 1999-1 B         | CUSIP: 24763LFF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675683 | PA      | $619016.94    | 0.25%             | 2028-03-15      | Fixed         | 1.51%                 | No            | 2                  | On Loan: No      |
| Delta Funding Home Equity Loan Trust 1998-1                                              | DELHE 1999-2 M1        | CUSIP: 24763LFP0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1560938 | PA      | $1332325.57   | 0.54%             | 2030-08-15      | Fixed         | 2.86%                 | No            | 2                  | On Loan: No      |
| EMC Mortgage Loan Trust 2002-B                                                           | EMCM 2005-B M2         | CUSIP: 268668EY2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5675350 | PA      | $5766022.14   | 2.35%             | 2042-04-25      | Floating      | 5.56%                 | Yes           | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FREDDIE MAC            | CUSIP: 313400301<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EC               | USGSE             | US        |    100000 | NS      | $1014000.00   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Federal National Mortgage Association                                                    | FANNIE MAE             | CUSIP: 313586109<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EC               | USGSE             | US        |    400000 | NS      | $4292000.00   | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| First Franklin Mortgage Loan Trust 2006-FF9                                              | FFML 2006-FF9 M1       | CUSIP: 320276AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8825702 | PA      | $7362556.22   | 3.00%             | 2036-06-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| First Franklin Mortgage Loan Trust                                                       | FFML 2006-FF7 M1       | CUSIP: 320277AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1569266 | PA      | $1422466.79   | 0.58%             | 2036-05-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-2                            | SCRT 2018-3 BX         | CUSIP: 35563PGW3<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |  41361422 | PA      | $11994899.15  | 4.89%             | 2057-08-25      | Floating      | 1.19%                 | No            | 2                  | On Loan: No      |
| Fremont Home Loan Trust 2006-3                                                           | FHLT 2004-3 M5         | CUSIP: 35729PFQ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1975222 | PA      | $1339835.49   | 0.55%             | 2034-11-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| GS Mortgage Securities Corp                                                              | GSR 2005-7F 3A1        | CUSIP: 362341MT3<br>LEI: CU46ESEFJB81SUVBJO28 | Long             | ABS-O            | CORP              | US        |      6126 | PA      | $6135.72      | 0.00%             | 2035-09-25      | Floating      | 4.35%                 | No            | 2                  | On Loan: No      |
| GS Mortgage Securities Corp                                                              | GSRPM 2004-1 B2        | CUSIP: 36242DGM9<br>LEI: CU46ESEFJB81SUVBJO28 | Long             | ABS-O            | CORP              | US        |    820209 | PA      | $778850.83    | 0.32%             | 2042-09-25      | Floating      | 1.93%                 | Yes           | 2                  | On Loan: No      |
| Harborview Mtg Loan Trust                                                                | HVMLT 2006-12 2A2B     | CUSIP: 41162DAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1126194 | PA      | $1756124.52   | 0.72%             | 2038-01-19      | Floating      | 3.22%                 | No            | 2                  | On Loan: No      |
| Ixis Real Estate Capital Trust 2004-He4                                                  | IXIS 2005-HE2 M6       | CUSIP: 45071KBP8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015992 | PA      | $1394708.24   | 0.57%             | 2035-09-25      | Floating      | 4.97%                 | No            | 2                  | On Loan: No      |
| Indymac Indx Mortgage Loan Trust 2004-Ar14                                               | INDX 2004-AR6 6A2      | CUSIP: 45660NY33<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17664 | PA      | $16719.36     | 0.01%             | 2034-10-25      | Floating      | 1.47%                 | No            | 2                  | On Loan: No      |
| Invitation Homes Inc.                                                                    | INVITATION HOMES       | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     90000 | NS      | $2501100.00   | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                                                            | ISHARES MBS ETF        | CUSIP: 464288588<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     26000 | NS      | $2475720.00   | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| MASTR Alternative Loan Trust                                                             | MALT 2002-2 B3         | CUSIP: 576434BH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201767 | PA      | $2.02         | 0.00%             | 2032-10-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Mastr Asset Backed Securities Trust 2007 He1                                             | MABS 2007-HE1 M1       | CUSIP: 576457AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4864694 | PA      | $4051202.53   | 1.65%             | 2037-05-25      | Floating      | 2.37%                 | No            | 2                  | On Loan: No      |
| Merrill Lynch Mortgage Investors, Inc.                                                   | MLMI 2003-A1 2A        | CUSIP: 589929D88<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11909 | PA      | $11936.99     | 0.00%             | 2032-12-25      | Floating      | 5.84%                 | No            | 2                  | On Loan: No      |
| Merrill Lynch Mortgage Investors, Inc.                                                   | MLMI 2003-A2 2A2       | CUSIP: 589929M96<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37311 | PA      | $36496.42     | 0.01%             | 2033-02-25      | Floating      | 5.63%                 | No            | 2                  | On Loan: No      |
| Merrill Lynch Mortgage Investors, Inc.                                                   | MLCC 2006-1 M1         | CUSIP: 59020U4U6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2380192 | PA      | $1792346.54   | 0.73%             | 2036-02-25      | Floating      | 1.88%                 | No            | 2                  | On Loan: No      |
| Merrill Lynch Mortgage Investors, Inc.                                                   | MLCC 2005-A B2         | CUSIP: 59020UTF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31626 | PA      | $3422.80      | 0.00%             | 2030-03-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Asset Funding Inc II                                                        | METRO 1998-AX B2       | CUSIP: 591739AT4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193573 | PA      | $236678.70    | 0.10%             | 2027-02-20      | Fixed         | 2.84%                 | Yes           | 2                  | On Loan: No      |
| Mill City Mortgage Loan Trust 2018-2                                                     | MCMLT 2018-3 B5        | CUSIP: 59980XAP2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3522491 | PA      | $2071481.57   | 0.84%             | 2058-08-25      | Floating      | 0.57%                 | Yes           | 2                  | On Loan: No      |
| Mill City Mortgage Loan Trust 2018-2                                                     | MCMLT 2018-3 B6        | CUSIP: 59980XAQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3325003 | PA      | $1646579.06   | 0.67%             | 2058-08-25      | Floating      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Mill City Mortgage Loan Trust 2015-2                                                     | MCMLT 2018-4 B6        | CUSIP: 59980YAQ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5973936 | PA      | $3551117.56   | 1.45%             | 2066-04-25      | Floating      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Morgan Stanley ABS Capital I Inc                                                         | MSAC 2004-WMC3 M6      | CUSIP: 61746RJQ5<br>LEI: 549300RLSHIMYD3FZB52 | Long             | ABS-O            | CORP              | US        |    323630 | PA      | $478015.11    | 0.19%             | 2035-01-25      | Floating      | 3.65%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Mortgage Loan Trust                                                       | MSM 2004-7AR 2A7       | CUSIP: 61748HCL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25182 | PA      | $24895.82     | 0.01%             | 2034-09-25      | Floating      | 5.50%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley ABS Capital I Inc                                                         | MSAC 2007-HE6 M1       | CUSIP: 61755CAE2<br>LEI: 549300RLSHIMYD3FZB52 | Long             | ABS-O            | CORP              | US        |   4994381 | PA      | $6724771.74   | 2.74%             | 2037-05-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Nationstar Home Equity Loan Trust                                                        | NSTR 2007-B M2         | CUSIP: 63860LAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7309028 | PA      | $7970493.06   | 3.25%             | 2037-04-25      | Floating      | 4.32%                 | No            | 2                  | On Loan: No      |
| Nomura Asset Acceptance Corp Alternative Loan Trust Series 2004-Ap2                      | NAA 2003-A1 A2         | CUSIP: 65535VAU2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3381 | PA      | $3444.73      | 0.00%             | 2033-05-25      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Nomura Asset Acceptance Corp Alternative Loan Trust Series 2004-Ap2                      | NAA 2003-A1 A5         | CUSIP: 65535VAX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15977 | PA      | $16140.64     | 0.01%             | 2033-04-25      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Novastar Mortgage Funding Trust Series 2005-1                                            | NHEL 2003-1 M2         | CUSIP: 66987XCG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3126335 | PA      | $2825208.91   | 1.15%             | 2033-05-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Option One Mortgage Loan Trust                                                           | OOMLT 2007-CP1 M1      | CUSIP: 68402YAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16078513 | PA      | $14959508.32  | 6.10%             | 2037-03-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| PHH Alternative Mortgage Trust Series 2007-1                                             | PHHAM 2007-1 1A3       | CUSIP: 69337BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8339596 | PA      | $815004.55    | 0.33%             | 2037-02-25      | Floating      | 4.33%                 | No            | 2                  | On Loan: No      |
| Park Place Securities Inc.                                                               | PPSI 2004-WHQ2 M7      | CUSIP: 70069FEP8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3969527 | PA      | $2716807.67   | 1.11%             | 2035-02-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Raac Ser 06-Rp2                                                                          | RAAC 2006-RP2 M2       | CUSIP: 74919MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2737218 | PA      | $2378752.84   | 0.97%             | 2037-02-25      | Floating      | 5.10%                 | Yes           | 2                  | On Loan: No      |
| RAAC Series 2007-SP3 Trust                                                               | RAAC 2007-SP3 M1       | CUSIP: 74978FAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11273875 | PA      | $7526836.98   | 3.07%             | 2047-09-25      | Floating      | 5.34%                 | No            | 2                  | On Loan: No      |
| Rasc Ser 06-Emx1                                                                         | RASC 2006-EMX1 M3      | CUSIP: 75405KAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2204022 | PA      | $1610872.27   | 0.66%             | 2036-01-25      | Floating      | 4.66%                 | No            | 2                  | On Loan: No      |
| Renaissance Mortgage Acceptance Corp.                                                    | RAMC 2005-2 M2         | CUSIP: 75970NAQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4814717 | PA      | $959246.18    | 0.39%             | 2035-08-25      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Renaissance Home Equity Loan Trust                                                       | RAMC 2003-2 M2F        | CUSIP: 759950BA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    289632 | PA      | $236857.75    | 0.10%             | 2033-08-25      | Floating      | 3.51%                 | No            | 2                  | On Loan: No      |
| Renaissance Home Equity Loan Trust                                                       | RAMC 2005-1 M2         | CUSIP: 759950FJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4687865 | PA      | $387736.63    | 0.16%             | 2035-05-25      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Sasco Mortgage Loan Trust 2004 Gel3                                                      | SASC 2003-GEL1 M3      | CUSIP: 80382UAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88069 | PA      | $84454.84     | 0.03%             | 2033-10-25      | Floating      | 3.99%                 | No            | 2                  | On Loan: No      |
| Saxon Asset Securities Trust 2004-2                                                      | SAST 2007-3 1M2        | CUSIP: 80557BAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4793155 | PA      | $5738148.07   | 2.34%             | 2047-09-25      | Floating      | 0.36%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                           | SEMT 2004-10 XA        | CUSIP: 81744FEZ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5839424 | PA      | $58.39        | 0.00%             | 2034-11-20      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Soundview Home Loan Trust 2005-Opt1                                                      | SVHE 2005-OPT1 M5      | CUSIP: 83611MDL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5321456 | PA      | $4202097.58   | 1.71%             | 2035-06-25      | Floating      | 1.56%                 | No            | 2                  | On Loan: No      |
| Soundview Home Loan Trust 2001-1                                                         | SVHE 2005-A M6         | CUSIP: 83611PBA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199460 | PA      | $206584.83    | 0.08%             | 2035-04-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Structured Asset Investment Loan Trust 2006-Bnc3                                         | SAIL 2005-HE3 M3       | CUSIP: 86358EWZ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2357140 | PA      | $1770642.64   | 0.72%             | 2035-09-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Structured Asset Mortgage Investments Inc                                                | SAMI 2002-AR4 A2       | CUSIP: 86358HQT9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    554956 | PA      | $479139.18    | 0.20%             | 2033-02-19      | Floating      | 3.78%                 | No            | 2                  | On Loan: No      |
| Structured Asset Mortgage Investments II Trust 2007-Ar1                                  | SAMI 2004-AR5 1A2      | CUSIP: 86359LDY2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76377 | PA      | $66755.29     | 0.03%             | 2034-10-19      | Floating      | 3.82%                 | No            | 2                  | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                                           | SARM 2006-7 4A1        | CUSIP: 86361BAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1785637 | PA      | $419870.13    | 0.17%             | 2036-08-25      | Floating      | 4.58%                 | No            | 2                  | On Loan: No      |
| Towd Pt Mtg Tr 2018-5                                                                    | TPMT 2018-5 B4         | CUSIP: 89176VAH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2323000 | PA      | $1454867.49   | 0.59%             | 2058-07-25      | Floating      | 3.48%                 | Yes           | 2                  | On Loan: No      |
| Truman Capital Securitization Llc                                                        | TRUMN 2005-1 M3        | CUSIP: 897896BG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    757000 | PA      | $698475.80    | 0.28%             | 2037-03-25      | Floating      | 3.60%                 | Yes           | 2                  | On Loan: No      |
| Washington Mutual Mortgage Pass-Through Certificates                                     | WAMU 2002-AR17 2B1     | CUSIP: 929227XG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89760 | PA      | $85685.24     | 0.03%             | 2042-11-25      | Floating      | 3.92%                 | No            | 2                  | On Loan: No      |
| Washington Mutual Mortgage Pass-Through Certificates                                     | WAMU 2003-AR10 B2      | CUSIP: 92922FED6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267562 | PA      | $198843.64    | 0.08%             | 2033-10-25      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| US BANK LINE OF CREDIT                                                                   | US BANK LINE OF CREDIT | CUSIP: N/A<br>LEI: N/A                        | Short            | DBT              | CORP              | US        |  -1974000 | PA      | $-1974000.00  | -0.81%            | N/A             | Fixed         | 0.00%                 | No            | N/A                | On Loan: No      |

### Signature

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

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer