<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0201</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001355064</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-21872</fileNumber>
      </filer>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000030794</seriesId>
          <classInfo>
            <classId>C000176432</classId>
          </classInfo>
          <classInfo>
            <classId>C000095448</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000043609</seriesId>
          <classInfo>
            <classId>C000135206</classId>
          </classInfo>
          <classInfo>
            <classId>C000176433</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000035241</seriesId>
          <classInfo>
            <classId>C000108404</classId>
          </classInfo>
          <classInfo>
            <classId>C000108406</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000040322</seriesId>
          <classInfo>
            <classId>C000125239</classId>
          </classInfo>
          <classInfo>
            <classId>C000125240</classId>
          </classInfo>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2019-09-30" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Mutual Fund Series Trust</registrantFullName>
      <investmentCompFileNo>811-21872</investmentCompFileNo>
      <registrantCik>0001355064</registrantCik>
      <registrantLei>5493002ZGLQMLR4QMA96</registrantLei>
      <registrantstreet1>17605 Wright Street</registrantstreet1>
      <registrantcity>Omaha</registrantcity>
      <registrantzipCode>68130</registrantzipCode>
      <registrantstate>US-NE</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>855-891-0092</registrantphoneNumber>
      <websites>
        <website webpage="www.camelotfunds.com"/>
        <website webpage="www.japcapitalfunds.com"/>
        <website webpage="www.empiricfunds.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Gemini Fund Services</officeName>
          <officeAddress1>17605 Wright Street</officeAddress1>
          <officeCity>Omaha</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NE"/>
          <officeRecordsZipCode>68130</officeRecordsZipCode>
          <officePhone>855-891-0092</officePhone>
          <booksRecordsDesc>Fund Accounting and Transfer Agent Records</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Mutual Fund Series Trust"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>39</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Tiberiu Weisz</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22512"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Tobias Caldwell</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23089"/>
            <fileNumberInfo fileNumber="811-23230"/>
            <fileNumberInfo fileNumber="811-22497"/>
            <fileNumberInfo fileNumber="811-22512"/>
            <fileNumberInfo fileNumber="811-05010"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Dr. Bert Pariser</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22512"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jerry Szilagyi</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22512"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Frederick J. Schmidt</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>36 N. New York Avenue</ccoStreet1>
          <ccoCity>Huntington</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-NY"/>
          <ccoZipCode>11743</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="MFund Services LLC" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Northern Lights Distributors</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-065857</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000126159</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-NE"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Cohen &amp; Company</publicAccountantName>
          <pcaobNumber>925</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-OH"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Camelot Excalibur Small Cap Income Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000043609</mgmtInvSeriesId>
        <mgmtInvLei>549300VXOLN32AV7WK58</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>2</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Camelot Excalibur Small Cap Income Fund Class A" sharesOutstandingClassId="C000135206" sharesOutstandingTickerSymbol="CEXAX"/>
          <sharesOutstanding sharesOutstandingClassName="Camelot Excalibur Small Cap Income Fund Class I" sharesOutstandingClassId="C000176433" sharesOutstandingTickerSymbol="CEXIX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <collateralManagers>
          <collateralManager collateralManagerName="U.S. Bancorp Asset Management, Inc." collateralManagerLei="8KUMV9EIJ75IBFMLFD23" isCollateralManagerAffliliated="Y" isCollateralManagerAffliliatedWithFund="N"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>46985.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>2626.00</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Camelot Fund, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-70932</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000145918</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-OH" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>84-06083</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank N.A.</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianStateCountry custodianState="US-WI" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>Interactive Brokers LLC</custodianName>
            <custodianLei>50OBSE5T5521O6SMZR28</custodianLei>
            <custodianStateCountry custodianState="US-CT" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-06083</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>filing number</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
            <adminLei>84-06083</adminLei>
            <idNumberDesc>filing number</idNumberDesc>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Interactive Brokers</brokerName>
            <brokerFileNo>8-47257</brokerFileNo>
            <brokerCrdNo>000036418</brokerCrdNo>
            <brokerLei>50OBSE5T5521O6SMZR28</brokerLei>
            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
            <grossCommission>4917</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>4917</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Interactive Brokers</principalName>
            <principalFileNo>8-47257</principalFileNo>
            <principalCrdNo>000036418</principalCrdNo>
            <principalLei>50OBSE5T5521O6SMZR28</principalLei>
            <principalStateCountry principalState="US-CT" principalCountry="US"/>
            <principalTotalPurchaseSale>1518520</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Bloomberg</principalName>
            <principalFileNo>8-49219</principalFileNo>
            <principalCrdNo>000040881</principalCrdNo>
            <principalLei>549300B56MD0ZC402L06</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>95800</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>National Alliance</principalName>
            <principalFileNo>8-48723</principalFileNo>
            <principalCrdNo>000039455</principalCrdNo>
            <principalLei>549300Q8AVM3P2CCKI12</principalLei>
            <principalStateCountry principalState="US-NV" principalCountry="US"/>
            <principalTotalPurchaseSale>1245291</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>2859611</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>10687998</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Camelot Premium Return Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000030794</mgmtInvSeriesId>
        <mgmtInvLei>5493003G0FQY0YV1V542</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>2</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>1</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Camelot Premium Return Fund Class I" sharesOutstandingClassId="C000176432" sharesOutstandingTickerSymbol="CPRIX"/>
          <sharesOutstanding sharesOutstandingClassName="Camelot Premium Return Fund Class A" sharesOutstandingClassId="C000095448" sharesOutstandingTickerSymbol="CPRFX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>U.S. Bank, N.A.</securitiesAgentName>
            <securitiesAgentLei>6BYL5QZYBDK8S7L73M02</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="U.S. Bancorp Asset Management, Inc." collateralManagerLei="8KUMV9EIJ75IBFMLFD23" isCollateralManagerAffliliated="Y" isCollateralManagerAffliliatedWithFund="N"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>4731157.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>45573.00</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Camelot Fund, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-70932</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000145918</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-OH" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>84-06083</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank N.A.</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianStateCountry custodianState="US-WI" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>Interactive Brokers LLC</custodianName>
            <custodianLei>50OBSE5T5521O6SMZR28</custodianLei>
            <custodianStateCountry custodianState="US-CT" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-06083</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>filing number</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
            <adminLei>84-06083</adminLei>
            <idNumberDesc>filing number</idNumberDesc>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>US Bancorp</brokerName>
            <brokerFileNo>8-35359</brokerFileNo>
            <brokerCrdNo>000017868</brokerCrdNo>
            <brokerLei>H85Z6XZP8B10ES0M2G89</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>245</grossCommission>
          </broker>
          <broker>
            <brokerName>Interactive Brokers</brokerName>
            <brokerFileNo>8-47257</brokerFileNo>
            <brokerCrdNo>000036418</brokerCrdNo>
            <brokerLei>50OBSE5T5521O6SMZR28</brokerLei>
            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
            <grossCommission>17096</grossCommission>
          </broker>
          <broker>
            <brokerName>Wallachbeth</brokerName>
            <brokerFileNo>8-67936</brokerFileNo>
            <brokerCrdNo>000147853</brokerCrdNo>
            <brokerLei>549300R371KUKXEXC133</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>430</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>17771</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>National Alliance</principalName>
            <principalFileNo>8-48723</principalFileNo>
            <principalCrdNo>000039455</principalCrdNo>
            <principalLei>549300Q8AVM3P2CCKI12</principalLei>
            <principalStateCountry principalState="US-NV" principalCountry="US"/>
            <principalTotalPurchaseSale>5043748</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>JP Morgan Chase</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>8I5DZWZKVSZI1NUHU748</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1115375</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Interactive Brokers</principalName>
            <principalFileNo>8-47257</principalFileNo>
            <principalCrdNo>000036418</principalCrdNo>
            <principalLei>50OBSE5T5521O6SMZR28</principalLei>
            <principalStateCountry principalState="US-CT" principalCountry="US"/>
            <principalTotalPurchaseSale>59127987</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Bloomberg</principalName>
            <principalFileNo>8-49219</principalFileNo>
            <principalCrdNo>000040881</principalCrdNo>
            <principalLei>549300B56MD0ZC402L06</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1707415</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>66994525</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>44909006</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>JAG Large Cap Growth Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000035241</mgmtInvSeriesId>
        <mgmtInvLei>549300GE50D2WR7UZH49</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>2</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>1</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="JAG Large Cap Growth Fund Class A" sharesOutstandingClassId="C000108404" sharesOutstandingTickerSymbol="JLGAX"/>
          <sharesOutstanding sharesOutstandingClassName="JAG Large Cap Growth Fund Class I" sharesOutstandingClassId="C000108406" sharesOutstandingTickerSymbol="JLGIX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>JAG Capital Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-72799</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000159227</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MO" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>84-1964</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>The Huntington National Bank</custodianName>
            <custodianLei>2WHM8VNJH63UN14OL754</custodianLei>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-06083</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>Filing Number</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NY" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
            <adminLei>84-06083</adminLei>
            <idNumberDesc>Filing Number</idNumberDesc>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>JA Glynn &amp; Co.</brokerDealerName>
            <brokerDealerFileNo>8-39465</brokerDealerFileNo>
            <brokerDealerCrdNo>000022011</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-MO" brokerDealerCountry="US"/>
            <brokerDealerCommission>37994</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>JA Glynn &amp; Co.</brokerName>
            <brokerFileNo>8-39465</brokerFileNo>
            <brokerCrdNo>000022011</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-MO" brokerCountry="US"/>
            <grossCommission>37994</grossCommission>
          </broker>
          <broker>
            <brokerName>Drexel Hamilton</brokerName>
            <brokerFileNo>8-67576</brokerFileNo>
            <brokerCrdNo>000143570</brokerCrdNo>
            <brokerLei>254900MVVWQEFWE3M609</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>202</grossCommission>
          </broker>
          <broker>
            <brokerName>JP Morgan Chase</brokerName>
            <brokerFileNo>8-36950</brokerFileNo>
            <brokerCrdNo>000018718</brokerCrdNo>
            <brokerLei>7H6GLXDRUGQFU57RNE97</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>429</grossCommission>
          </broker>
          <broker>
            <brokerName>Charles Schwab</brokerName>
            <brokerFileNo>8-16514</brokerFileNo>
            <brokerCrdNo>000005393</brokerCrdNo>
            <brokerLei>549300ZP8XN77GK5BS04</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>15</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>38640</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>JA Glynn &amp; Co.</principalName>
            <principalFileNo>8-39465</principalFileNo>
            <principalCrdNo>000022011</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-MO" principalCountry="US"/>
            <principalTotalPurchaseSale>152814903</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>JP Morgan Chase</principalName>
            <principalFileNo>8-36950</principalFileNo>
            <principalCrdNo>000018718</principalCrdNo>
            <principalLei>7H6GLXDRUGQFU57RNE97</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2412399</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Drexel Hamilton</principalName>
            <principalFileNo>8-67576</principalFileNo>
            <principalCrdNo>000143570</principalCrdNo>
            <principalLei>254900MVVWQEFWE3M609</principalLei>
            <principalStateCountry principalState="US-PA" principalCountry="US"/>
            <principalTotalPurchaseSale>1770824</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Charles Schwab</principalName>
            <principalFileNo>8-16514</principalFileNo>
            <principalCrdNo>000005393</principalCrdNo>
            <principalLei>549300ZP8XN77GK5BS04</principalLei>
            <principalStateCountry principalState="US-CA" principalCountry="US"/>
            <principalTotalPurchaseSale>2057947</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>159056073</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>62261012</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Empiric 2500 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000040322</mgmtInvSeriesId>
        <mgmtInvLei>549300PDKDLLX37VCQ21</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>2</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Empiric 2500 Fund Class C" sharesOutstandingClassId="C000125240" sharesOutstandingTickerSymbol="EMCCX"/>
          <sharesOutstanding sharesOutstandingClassName="Empiric 2500 Fund Class A" sharesOutstandingClassId="C000125239" sharesOutstandingTickerSymbol="EMCAX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>U.S. Bank, N.A.</securitiesAgentName>
            <securitiesAgentLei>6BYL5QZYBDK8S7L73M02</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="U.S. Bancorp Asset Management, Inc." collateralManagerLei="8KUMV9EIJ75IBFMLFD23" isCollateralManagerAffliliated="Y" isCollateralManagerAffliliatedWithFund="N"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>4868577.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>30986.00</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Empiric Advisors, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-31075</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000108425</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-TX" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>84-1964</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>The Huntington National Bank</custodianName>
            <custodianLei>2WHM8VNJH63UN14OL754</custodianLei>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-06083</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>Filing Number</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NY" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
            <adminLei>84-06083</adminLei>
            <idNumberDesc>Filing Number</idNumberDesc>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Empiric Distributors, Inc.</brokerDealerName>
            <brokerDealerFileNo>8-53747</brokerDealerFileNo>
            <brokerDealerCrdNo>000119143</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-TX" brokerDealerCountry="US"/>
            <brokerDealerCommission>3126</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>Empiric Distributors, Inc.</brokerName>
            <brokerFileNo>8-53747</brokerFileNo>
            <brokerCrdNo>000119143</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-TX" brokerCountry="US"/>
            <grossCommission>15039</grossCommission>
          </broker>
          <broker>
            <brokerName>Royal Bank of Canada</brokerName>
            <brokerFileNo>N/A</brokerFileNo>
            <brokerCrdNo>000112284</brokerCrdNo>
            <brokerLei>2138001MQDJ1OL5HD458</brokerLei>
            <brokerCountry>GB</brokerCountry>
            <grossCommission>53431</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>68470</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Royal Bank of Canada</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>000112284</principalCrdNo>
            <principalLei>2138001MQDJ1OL5HD458</principalLei>
            <principalCountry>GB</principalCountry>
            <principalTotalPurchaseSale>19862140</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Empiric Distributors, Inc.</principalName>
            <principalFileNo>8-53747</principalFileNo>
            <principalCrdNo>000119143</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-TX" principalCountry="US"/>
            <principalTotalPurchaseSale>7342702</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>27204842</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>25704187.18</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Mutual Fund Series Trust" signedDate="2019-09-06" signature="Erik Naviloff" title="Assistant Treasurer"/>
  </formData>
</edgarSubmission>
