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        <name>DTE Electric Company</name>
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        <name>Lennox International Inc.</name>
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        <name>Federal Farm Credit Banks</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Nvidia Corp</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Mastec, Inc.</name>
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        <name>National Bank of Canada</name>
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        <name>Morgan Stanley</name>
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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 National Mortgage Association</name>
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        <name>Acuity Brands Lighting, Inc.</name>
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        <name>CMS Energy Corporation</name>
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        <name>Federal Home Loan Banks</name>
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        <name>Equinix, Inc.</name>
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        <name>TerraForm Power Operating, LLC</name>
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        <name>First Horizon Corporation</name>
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        <name>NEW YORK ST HSG FIN AGY</name>
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        <name>Fnma Pass-Thru I</name>
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        <name>Federal Home Loan Banks</name>
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        <name>Georgia Power Company</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>Roper Technologies Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Prologis, L.P.</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <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>BorgWarner Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>American Tower Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Rentals (North America), Inc.</name>
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        <title>URI 5 7/8 09/15/26</title>
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        <balance>350000.00000000</balance>
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        <valUSD>370935.25000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
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        <name>National Rural Utilities Cooperative Finance Corporation</name>
        <lei>4NYF266XZC35SCTGX023</lei>
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        <balance>875000.00000000</balance>
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        <valUSD>864692.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.35000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC 1 1/2 02/12/25</title>
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        <valUSD>1117660.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>HAT Holdings I LLC and HAT Holdings II LLC</name>
        <lei>N/A</lei>
        <title>HASI 5 1/4 07/15/24</title>
        <cusip>418751AA1</cusip>
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        <curCd>USD</curCd>
        <valUSD>520990.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BP5878</title>
        <cusip>3140KDQ86</cusip>
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          <isin value="US3140KDQ864"/>
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        <balance>1433495.71080000</balance>
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        <curCd>USD</curCd>
        <valUSD>1512880.91000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>Bank of America Corporation</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC 2.456 10/22/25</title>
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        <balance>900000.00000000</balance>
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        <valUSD>959950.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-22</maturityDt>
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        <name>Reinsurance Group of America, Incorporated</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>RGA 3.95 09/15/26</title>
        <cusip>759351AM1</cusip>
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          <isin value="US759351AM18"/>
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        <balance>325000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Conagra Brands Inc</name>
        <lei>54930035UDEIH090K650</lei>
        <title>CAG 4.85 11/01/28</title>
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        <name>Brown &amp; Brown Inc</name>
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          <annualizedRt>4.20000000</annualizedRt>
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        <name>Nasdaq Inc</name>
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        <title>NDAQ 3 1/4 04/28/50</title>
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        <name>FIRST AMERN FDS INC</name>
        <lei>N/A</lei>
        <title>FRST AM-GV OB-U</title>
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        <name>Florida Power &amp; Light Company</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>NEE 3.95 03/01/48</title>
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        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>ARE 3.8 04/15/26</title>
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        <balance>795000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Midamerican Energy Company</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
        <title>BRKHEC 4 1/4 07/15/49</title>
        <cusip>595620AU9</cusip>
        <identifiers>
          <isin value="US595620AU94"/>
        </identifiers>
        <balance>665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>894463.26000000</valUSD>
        <pctVal>1.711986816297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-01-28</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>
</edgarSubmission>
