<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001355064</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <seriesClassInfo>
        <seriesId>S000045781</seriesId>
        <classId>C000142730</classId>
        <classId>C000142729</classId>
        <classId>C000142728</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>MUTUAL FUND SERIES TRUST</regName>
      <regFileNumber>811-21872</regFileNumber>
      <regCik>0001355064</regCik>
      <regLei>5493002ZGLQMLR4QMA96</regLei>
      <regStreet1>C/O GEMINI FUND SERVICES LLC</regStreet1>
      <regStreet2>4221 North 203rd Street, Suite 100</regStreet2>
      <regCity>ELKHORN</regCity>
      <regStateConditional regCountry="US" regState="US-NE"/>
      <regZipOrPostalCode>68022</regZipOrPostalCode>
      <regPhone>631-470-2600</regPhone>
      <seriesName>Catalyst Energy Infrastructure Fund</seriesName>
      <seriesId>S000045781</seriesId>
      <seriesLei>5493002FCIY0OMGPM774</seriesLei>
      <repPdEnd>2022-06-30</repPdEnd>
      <repPdDate>2021-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>156626539.40</totAssets>
      <totLiabs>2487197.21</totLiabs>
      <netAssets>154139342.19</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000142730" rtn1="5.77000000" rtn2="-7.75000000" rtn3="1.19000000"/>
          <monthlyTotReturn classId="C000142729" rtn1="5.71000000" rtn2="-7.87000000" rtn3="1.11000000"/>
          <monthlyTotReturn classId="C000142728" rtn1="5.77000000" rtn2="-7.80000000" rtn3="1.18000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <foreignExchgContracts>
            <mon1 netRealizedGain="-319.12000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="-4531.25000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="-537.51000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="-319.12000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="-4531.25000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="-537.51000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
          </foreignExchgContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="-127411.52000000" netUnrealizedAppr="8375176.74000000"/>
        <othMon2 netRealizedGain="636948.06000000" netUnrealizedAppr="-14142556.01000000"/>
        <othMon3 netRealizedGain="718777.66000000" netUnrealizedAppr="793251.55000000"/>
      </returnInfo>
      <mon1Flow redemption="-3237999.15000000" reinvestment="836612.42000000" sales="5404582.71000000"/>
      <mon2Flow redemption="-11345368.53000000" reinvestment="864011.22000000" sales="9458864.53000000"/>
      <mon3Flow redemption="-5005820.66000000" reinvestment="859494.21000000" sales="7501928.19000000"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Enterprise Products Partners L.P.</name>
        <lei>K4CDIF4M54DJZ6TB4Q48</lei>
        <title>ENTERPRISE PRODU</title>
        <cusip>293792107</cusip>
        <identifiers>
          <isin value="US2937921078"/>
        </identifiers>
        <balance>598416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13141215.36000000</valUSD>
        <pctVal>8.525542650753</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>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK INC</title>
        <cusip>682680103</cusip>
        <identifiers>
          <isin value="US6826801036"/>
        </identifiers>
        <balance>115965.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6814103.40000000</valUSD>
        <pctVal>4.420742493892</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>NuStar Energy L.P.</name>
        <lei>5493003BMLTUIEG2LG44</lei>
        <title>NUSTAR ENERGY LP</title>
        <cusip>67058H102</cusip>
        <identifiers>
          <isin value="US67058H1023"/>
        </identifiers>
        <balance>76671.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1217535.48000000</valUSD>
        <pctVal>0.789892744254</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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER</title>
        <cusip>29273V100</cusip>
        <identifiers>
          <isin value="US29273V1008"/>
        </identifiers>
        <balance>1562278.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12857547.94000000</valUSD>
        <pctVal>8.341509544105</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>Enbridge Incorporation</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC</title>
        <cusip>29250N105</cusip>
        <identifiers>
          <isin value="CA29250N1050"/>
        </identifiers>
        <balance>182242.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7122017.36000000</valUSD>
        <pctVal>4.620505873978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN IN</title>
        <cusip>49456B101</cusip>
        <identifiers>
          <isin value="US49456B1017"/>
        </identifiers>
        <balance>392530.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6225525.80000000</valUSD>
        <pctVal>4.038894750391</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>Mplx Lp</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
        <cusip>55336V100</cusip>
        <identifiers>
          <isin value="US55336V1008"/>
        </identifiers>
        <balance>25866.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>765374.94000000</valUSD>
        <pctVal>0.496547428531</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>Marathon Petroleum Company</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>MARATHON PETROLE</title>
        <cusip>56585A102</cusip>
        <identifiers>
          <isin value="US56585A1025"/>
        </identifiers>
        <balance>37510.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2400264.90000000</valUSD>
        <pctVal>1.557204582488</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>Keyera Corp.</name>
        <lei>N/A</lei>
        <title>KEYERA CORP</title>
        <cusip>493271100</cusip>
        <identifiers>
          <isin value="CA4932711001"/>
        </identifiers>
        <balance>249107.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26315000"/>
        <valUSD>5626428.14000000</valUSD>
        <pctVal>3.650221974520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plains Gp Hldgs Lp</name>
        <lei>549300O56BSKRD8FAM12</lei>
        <title>PLAINS GP HOLD-A</title>
        <cusip>72651A207</cusip>
        <identifiers>
          <isin value="US72651A2078"/>
        </identifiers>
        <balance>686627.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6962397.78000000</valUSD>
        <pctVal>4.516950494973</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>DT Midstream Inc</name>
        <lei>N/A</lei>
        <title>DT MIDSTREAM</title>
        <cusip>23345M107</cusip>
        <identifiers>
          <isin value="US23345M1071"/>
        </identifiers>
        <balance>45409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2178723.82000000</valUSD>
        <pctVal>1.413476786033</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>Enlink Midstream LLC</name>
        <lei>54930000GY1H533OBE23</lei>
        <title>ENLINK MIDSTREAM</title>
        <cusip>29336T100</cusip>
        <identifiers>
          <isin value="US29336T1007"/>
        </identifiers>
        <balance>1020456.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7030941.84000000</valUSD>
        <pctVal>4.561419388525</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>The Williams Companies, Inc.</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>WILLIAMS COS INC</title>
        <cusip>969457100</cusip>
        <identifiers>
          <isin value="US9694571004"/>
        </identifiers>
        <balance>547089.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14246197.56000000</valUSD>
        <pctVal>9.242414919897</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>US BANK MMDA</name>
        <lei>N/A</lei>
        <title>US BANK MMDA-USBGFS 5</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="8AMMF0A92"/>
        </identifiers>
        <balance>2848925.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2848925.15000000</valUSD>
        <pctVal>1.848279037345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Cash" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crestwood Equity Partners LP</name>
        <lei>549300CUY0F1TYDLDL45</lei>
        <title>CRESTWOOD EQUITY</title>
        <cusip>226344208</cusip>
        <identifiers>
          <isin value="US2263442087"/>
        </identifiers>
        <balance>44440.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1226099.60000000</valUSD>
        <pctVal>0.795448833879</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>Gibson Energy Inc</name>
        <lei>549300WYW5D9I3FR0643</lei>
        <title>GIBSON ENERGY</title>
        <cusip>374825206</cusip>
        <identifiers>
          <isin value="CA3748252069"/>
        </identifiers>
        <balance>257369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26315000"/>
        <valUSD>4568113.83000000</valUSD>
        <pctVal>2.963626135350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hess Midstream LP</name>
        <lei>N/A</lei>
        <title>HESS MIDSTREAM-A</title>
        <cusip>428103105</cusip>
        <identifiers>
          <isin value="US4281031058"/>
        </identifiers>
        <balance>92733.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2562212.79000000</valUSD>
        <pctVal>1.662270484352</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>TC Energy Corp</name>
        <lei>549300UGKOFV2IWJJG27</lei>
        <title>TC ENERGY CORP</title>
        <cusip>87807B107</cusip>
        <identifiers>
          <isin value="CA87807B1076"/>
        </identifiers>
        <balance>143570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6681747.80000000</valUSD>
        <pctVal>4.334874993668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magellan Midstream Partners LP</name>
        <lei>MZF5TI8NFVZZNUSKDL39</lei>
        <title>MAGELLAN MIDSTRE</title>
        <cusip>559080106</cusip>
        <identifiers>
          <isin value="US5590801065"/>
        </identifiers>
        <balance>136963.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6360561.72000000</valUSD>
        <pctVal>4.126501144762</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>Targa Resources Co</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>TARGA RESOURCES</title>
        <cusip>87612G101</cusip>
        <identifiers>
          <isin value="US87612G1013"/>
        </identifiers>
        <balance>129378.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6758706.72000000</valUSD>
        <pctVal>4.384803142385</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>Nextdecade Corporation</name>
        <lei>549300XB4GCLNGHFTT48</lei>
        <title>NEXTDECADE CORP</title>
        <cusip>65342K105</cusip>
        <identifiers>
          <isin value="US65342K1051"/>
        </identifiers>
        <balance>871487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2483737.95000000</valUSD>
        <pctVal>1.611358861865</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>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>CHENIERE ENERGY</title>
        <cusip>16411R208</cusip>
        <identifiers>
          <isin value="US16411R2085"/>
        </identifiers>
        <balance>135205.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13712491.10000000</valUSD>
        <pctVal>8.896165576661</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>Western Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>WESTERN MIDSTREA</title>
        <cusip>958669103</cusip>
        <identifiers>
          <isin value="US9586691035"/>
        </identifiers>
        <balance>36643.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>816039.61000000</valUSD>
        <pctVal>0.529416824028</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>Equitrans Midstream Corporation</name>
        <lei>549300RH0NLJNZ5SXU64</lei>
        <title>EQUITRANS MIDSTR</title>
        <cusip>294600101</cusip>
        <identifiers>
          <isin value="US2946001011"/>
        </identifiers>
        <balance>695218.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7188554.12000000</valUSD>
        <pctVal>4.663672504284</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>Tellurian Inc</name>
        <lei>254900ZYXZHH5MQG6H78</lei>
        <title>TELLURIAN INC</title>
        <cusip>87968A104</cusip>
        <identifiers>
          <isin value="US87968A1043"/>
        </identifiers>
        <balance>1001405.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3084327.40000000</valUSD>
        <pctVal>2.000999456840</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>Pembina Pipeline Corporation</name>
        <lei>5493002W3L9YICM6FU21</lei>
        <title>PEMBINA PIPELINE</title>
        <cusip>706327103</cusip>
        <identifiers>
          <isin value="CA7063271034"/>
        </identifiers>
        <balance>376991.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11434137.03000000</valUSD>
        <pctVal>7.418052307441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <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>2022-01-28</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>
