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        <name>Five9 Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <dbtSecRefInstrument>
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      <invstOrSec>
        <name>Tempur Sealy International Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hubspot Inc</name>
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          <isin value="US443573AC47"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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            <dbtSecRefInstrument>
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              <title>Hubspot Inc COM</title>
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      <invstOrSec>
        <name>Reinsurance Group of America, Incorporated</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
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      <invstOrSec>
        <name>WELLTOWER INC</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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      <invstOrSec>
        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COS INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dynatrace Inc</name>
        <lei>N/A</lei>
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        <cusip>268150109</cusip>
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        <balance>25100.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OPEN TEXT CORP</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>OTEXCN 5 7/8 06/01/26</title>
        <cusip>683715AB2</cusip>
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          <isin value="US683715AB22"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>415750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle International Corp.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>CROWN CASTLE INT</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Henry Jack &amp; Assoc</name>
        <lei>529900X1QS8C54W0JB21</lei>
        <title>JACK HENRY</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMIC-ADR</title>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>OREGON ST</name>
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        <title>ORS 1.315 05/01/2027</title>
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        <name>The Sherwin-Williams Company</name>
        <lei>Z15BMIOX8DDH0X2OBP21</lei>
        <title>SHERWIN-WILLIAMS</title>
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        <name>KLA Corporation</name>
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        <title>KLA CORP</title>
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        <name>Wec Energy Group Incorporation</name>
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        <name>European Investment Bank</name>
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        <title>EIB 2 1/2 10/15/24</title>
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        <invCountry>N/A</invCountry>

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        <name>Entegris Inc</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTEGRIS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CALIFORNIA HEALTH FACS FING AUTH</name>
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        <title>CA HLTH FACS FING</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Equinix, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Trane Technologies Plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Visa Inc</name>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Idex Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Brown &amp; Brown Inc</name>
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        <name>AvalonBay Communities, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Aflac Incorporated</name>
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        <name>D.R. Horton, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dominos Pizza Inc</name>
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        <title>DOMINO'S PIZZA</title>
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        <name>Brookfield Renewable Corporation</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM5976</title>
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        <name>EXACT SCIENCES CORPORATION</name>
        <lei>549300VM3X1FYD4N9Z14</lei>
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        <name>OREGON ST</name>
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        <name>Duke Energy Florida, LLC</name>
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        <name>First Republic Bank San Francisco</name>
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        <name>Federal Farm Credit Banks</name>
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        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BP5001</title>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Magna International Inc</name>
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        <name>Mastec, Inc.</name>
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        <name>Steris Plc</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Huntington Bancshares Incorporated</name>
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        <name>Trimas Corporation</name>
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        <name>OLD Dominion Fght</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN AL7767</title>
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        <name>NAPA CALIF</name>
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      <invstOrSec>
        <name>Kilroy Realty L.P.</name>
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        <name>Nextera Energy Partners LP</name>
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        <name>LOS ANGELES CALIF</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA2915</title>
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        <name>First Horizon National Corporation</name>
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        <name>Local Initiatives Support Corp.</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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        <name>Avangrid Inc</name>
        <lei>549300OX0Q38NLSKPB49</lei>
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        <name>Louisiana Pacific Corporation</name>
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        <title>LPX 4 7/8 09/15/24</title>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA 0.34 08/25/23</title>
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        <name>Ringcentral Inc</name>
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        <name>NEW YORK N Y CITY HSG DEV CORP</name>
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        <name>Federal National Mortgage Association</name>
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        <name>HAT Holdings I LLC and HAT Holdings II LLC</name>
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        <name>US BANK MMDA</name>
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        <name>Sysco Corporation</name>
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        <name>FHLMC Pc Prepay Prm 30</name>
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        <name>Wayfair Inc</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Regions Financial Corporation</name>
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        <name>Duke Energy Carolinas  LLC</name>
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        <name>Calvert Social Investment Foundation/Calvert Community Investment Foundation</name>
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        <title>CALVRT 1 1/2 11/13/20</title>
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        <name>Fnma Pass-Thru I</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Verisign, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Clearway Energy Inc</name>
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        <name>CALIFORNIA MUN FIN AUTH</name>
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        <name>Federal Home Loan Banks</name>
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        <name>Fnma Pass-Thru I</name>
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        <name>Bank of America Corporation</name>
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        <name>Zoetis Inc.</name>
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        <name>OREGON ST</name>
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        <name>APTIV PLC</name>
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        <name>Hercules Capital Inc</name>
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        <name>American Water Works Company, Inc.</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>AMERICAN WATER W</title>
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          <isin value="US0304201033"/>
        </identifiers>
        <balance>12300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1782024.00000000</valUSD>
        <pctVal>1.062400260451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penske Automotive Group, Inc.</name>
        <lei>549300W7UTQ0M4C7LB15</lei>
        <title>PAG 5 3/4 10/01/22</title>
        <cusip>70959WAE3</cusip>
        <identifiers>
          <isin value="US70959WAE30"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>425000.00000000</valUSD>
        <pctVal>0.253374876372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Rural Utilities Cooperative Finance Corporation</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>NRUC 1.35 03/15/31</title>
        <cusip>637432NW1</cusip>
        <identifiers>
          <isin value="US637432NW12"/>
        </identifiers>
        <balance>925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>922397.09000000</valUSD>
        <pctVal>0.549911173281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Skyworks Solutions, Inc.</name>
        <lei>549300WZ3ORQ2BVKBD96</lei>
        <title>SKYWORKS SOLUTIO</title>
        <cusip>83088M102</cusip>
        <identifiers>
          <isin value="US83088M1027"/>
        </identifiers>
        <balance>17100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2488050.00000000</valUSD>
        <pctVal>1.483316143899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hannon Armstrong Sustainable Infrastructure Capital, Inc.</name>
        <lei>N/A</lei>
        <title>HANNON ARMSTRONG</title>
        <cusip>41068X100</cusip>
        <identifiers>
          <isin value="US41068X1000"/>
        </identifiers>
        <balance>95700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4045239.00000000</valUSD>
        <pctVal>2.411675132988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lazard Group LLC</name>
        <lei>FI94J2CJ1D7BIGVMS874</lei>
        <title>LAZ 3 3/4 02/13/25</title>
        <cusip>52107QAG0</cusip>
        <identifiers>
          <isin value="US52107QAG01"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>813960.60000000</valUSD>
        <pctVal>0.485263920933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA2806</title>
        <cusip>31418CDL5</cusip>
        <identifiers>
          <isin value="US31418CDL54"/>
        </identifiers>
        <balance>927763.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>975541.00000000</valUSD>
        <pctVal>0.581594306519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verisk Analytics, Inc.</name>
        <lei>549300I1YSWNIRKBWP67</lei>
        <title>VRSK 4 1/8 03/15/29</title>
        <cusip>92345YAF3</cusip>
        <identifiers>
          <isin value="US92345YAF34"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>590064.06000000</valUSD>
        <pctVal>0.351782137068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
      <explntrNote note="ISO country code is not applicable for supra/multinational securities." noteItem="C.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-10-28</ncom:dateSigned>
      <ncom:nameOfApplicant>MUTUAL FUND SERIES TRUST</ncom:nameOfApplicant>
      <ncom:signature>Erik Naviloff</ncom:signature>
      <ncom:signerName>Erik Naviloff</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
