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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Greif, Inc.</name>
        <lei>54930070FVGKR0Z1FI24</lei>
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        <cusip>397624107</cusip>
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          <isin value="US3976241071"/>
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        <balance>577.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CME GLOBEX</name>
        <lei>N/A</lei>
        <title>MICRO EMIN RUS2000Jun22</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HWRM2 INDEX"/>
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        <balance>-32.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>268.91000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>INTERACTIVE BROKERS - 2</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>RUSSELL 2000 INDEX</indexName>
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            <expDate>2022-06-17</expDate>
            <notionalAmt>-330892.91000000</notionalAmt>
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            <unrealizedAppr>268.91000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AmerisourceBergen Corporation</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>AMERISOURCEBERGE</title>
        <cusip>03073E105</cusip>
        <identifiers>
          <isin value="US03073E1055"/>
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        <balance>368.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56933.28000000</valUSD>
        <pctVal>0.827461949967</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>Univar Solutions Inc</name>
        <lei>549300VSXHFQVR770L55</lei>
        <title>UNIVAR SOLUTIONS</title>
        <cusip>91336L107</cusip>
        <identifiers>
          <isin value="US91336L1070"/>
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        <balance>688.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22112.32000000</valUSD>
        <pctVal>0.321377995883</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>Trinet Group Inc</name>
        <lei>5299003FJVBETSFKE990</lei>
        <title>TRINET GROUP INC</title>
        <cusip>896288107</cusip>
        <identifiers>
          <isin value="US8962881079"/>
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        <balance>382.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37573.52000000</valUSD>
        <pctVal>0.546089354527</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>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI BRAZIL ETF</title>
        <cusip>464286400</cusip>
        <identifiers>
          <isin value="US4642864007"/>
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        <balance>1335.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50476.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</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"/>
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        <balance>200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27730.00000000</valUSD>
        <pctVal>0.403024731274</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>N/A</name>
        <lei>N/A</lei>
        <title>BNP CASA SWAP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BNPCASA              00001"/>
        </identifiers>
        <balance>2390.15540000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-171611.47000000</valUSD>
        <pctVal>-2.49418198991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>N/A</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>Swap</narrativeDesc>
                <components>
                  <component>
                    <othIndName>LME Nickel MAY22</othIndName>
                    <identifiers>
                      <ticker value="LNK2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-220273.04000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-70014.52000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Zinc JUL22</othIndName>
                    <identifiers>
                      <ticker value="LXN2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-58366.08000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-8288.93000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CMX Copper MAY22 futures</othIndName>
                    <identifiers>
                      <ticker value="HGK2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-160674.49000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-10694.80000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SPX Put 4534.97576315591 29/04/2022</othIndName>
                    <identifiers>
                      <ticker value="SPX Index"/>
                    </identifiers>
                    <othIndNotAmt>-8254525.71000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-130421.49000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Nickel JUN22</othIndName>
                    <identifiers>
                      <ticker value="LNM2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>128466.24000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>42014.82000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>future JGB of maturity Jun22</othIndName>
                    <identifiers>
                      <ticker value="JBM2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-167607.85000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>858.61000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Natural Gas JUL22</othIndName>
                    <identifiers>
                      <ticker value="NGN22 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-304586.61000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-84063.47000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CMX silver May22</othIndName>
                    <identifiers>
                      <ticker value="SIK2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>17373.84000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>546.90000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Natural Gas SEP22</othIndName>
                    <identifiers>
                      <ticker value="NGU22 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>304216.60000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>82962.02000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ICE Gas Oil MAY22</othIndName>
                    <identifiers>
                      <ticker value="QSK2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>7367.71000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>1580.06000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>future Eurostoxx 50 of maturity M22</othIndName>
                    <identifiers>
                      <ticker value="VGM2 Index"/>
                    </identifiers>
                    <othIndNotAmt>-530553.21000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2414.43000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>LME Zinc SEP22</othIndName>
                    <identifiers>
                      <ticker value="LXU2 Comdty"/>
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                    <othIndNotAmt>180595.04000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>23988.00000000</othIndValue>
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                  <component>
                    <othIndName>future E10 of maturity Jun22</othIndName>
                    <identifiers>
                      <ticker value="RXM2 Comdty"/>
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                    <othIndNotAmt>-1236856.86000000</othIndNotAmt>
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                    <othIndValue>52380.45000000</othIndValue>
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                  <component>
                    <othIndName>Future 10Y US of maturity Jun22</othIndName>
                    <identifiers>
                      <ticker value="TYM2 Comdty"/>
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                    <othIndNotAmt>299853.02000000</othIndNotAmt>
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                    <othIndValue>-10735.30000000</othIndValue>
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                  <component>
                    <othIndName>future HSCEI of maturity Apr22</othIndName>
                    <identifiers>
                      <ticker value="HCJ2 Index"/>
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                    <othIndNotAmt>-83281.22000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>5337.21000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>LME Nickel SEP22</othIndName>
                    <identifiers>
                      <ticker value="LNU2 Comdty"/>
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                    <othIndNotAmt>176043.60000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>62167.09000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Aluminium HG MAY22</othIndName>
                    <identifiers>
                      <ticker value="LAK22 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-425851.23000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-14602.60000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Heating Oil Jun22</othIndName>
                    <identifiers>
                      <ticker value="HOM2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>88175.11000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>13434.03000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Zinc DEC22</othIndName>
                    <identifiers>
                      <ticker value="LXZ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>110218.53000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>12285.90000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>NYMEX WTI Crude Jul22</othIndName>
                    <identifiers>
                      <ticker value="CLN2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>360234.36000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>33132.47000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CMX Copper SEP22 futures</othIndName>
                    <identifiers>
                      <ticker value="HGU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>298052.51000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>20365.92000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>future S&amp;P 500 of maturity M22</othIndName>
                    <identifiers>
                      <ticker value="ESM2 Index"/>
                    </identifiers>
                    <othIndNotAmt>976930.87000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>38259.39000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Gasoline RBOB May22</othIndName>
                    <identifiers>
                      <ticker value="XBK2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-263846.97000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-21950.21000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ICE Brent Crude Jul22</othIndName>
                    <identifiers>
                      <ticker value="CON2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-270747.09000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-28648.48000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>NYMEX Gasoline RBOB Jul22</othIndName>
                    <identifiers>
                      <ticker value="XBN2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>178160.69000000</othIndNotAmt>
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                    <othIndValue>14508.93000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Nickel JUL22</othIndName>
                    <identifiers>
                      <ticker value="LNN2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-71381.24000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-24083.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Natural Gas MAY22</othIndName>
                    <identifiers>
                      <ticker value="NGK22 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-309637.96000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-85605.79000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>LME Aluminium HG DEC23</othIndName>
                    <identifiers>
                      <ticker value="LAZ23 Comdty"/>
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                    <othIndNotAmt>155863.63000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>12187.44000000</othIndValue>
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                  <component>
                    <othIndName>NYMEX WTI Crude May22</othIndName>
                    <identifiers>
                      <ticker value="CLK2 Comdty"/>
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                    <othIndValue>-28746.19000000</othIndValue>
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                  <component>
                    <othIndName>ICE Brent Crude Jun22</othIndName>
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                      <ticker value="COM2 Comdty"/>
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                    <othIndNotAmt>285250.67000000</othIndNotAmt>
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                    <othIndValue>28825.02000000</othIndValue>
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                  <component>
                    <othIndName>NYMEX WTI Crude Sep22</othIndName>
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                    <othIndValue>6908.15000000</othIndValue>
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                  <component>
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                      <ticker value="HOK2 Comdty"/>
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                    <othIndNotAmt>-81536.54000000</othIndNotAmt>
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                    <othIndValue>-14731.34000000</othIndValue>
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                  <component>
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                      <ticker value="NGJ23 Comdty"/>
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                    <othIndValue>59197.44000000</othIndValue>
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                      <ticker value="NIM2 Index"/>
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                    <othIndValue>-50.56000000</othIndValue>
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                  <component>
                    <othIndName>NYMEX Gasoline RBOB Oct22</othIndName>
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                      <ticker value="XBV2 Comdty"/>
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                  <component>
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                      <ticker value="LPM22 Comdty"/>
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        <name>International Money Express Inc.</name>
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        <name>Continental Resources, Inc.</name>
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        <name>Money Market Obligations Trust</name>
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        <name>Black Knight Inc</name>
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        <name>AAR Corp.</name>
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        <name>Spdr Series Trust</name>
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        <name>J. B. Hunt Transport Services, Inc.</name>
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        <name>Avaya Holdings Corp</name>
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        <title>AVAYA HOLDINGS C</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Devon Energy Corporation</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>DEVON ENERGY CO</title>
        <cusip>25179M103</cusip>
        <identifiers>
          <isin value="US25179M1036"/>
        </identifiers>
        <balance>212.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12535.56000000</valUSD>
        <pctVal>0.182190432757</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>Steel Dynamics, Inc.</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
        <title>STEEL DYNAMICS</title>
        <cusip>858119100</cusip>
        <identifiers>
          <isin value="US8581191009"/>
        </identifiers>
        <balance>434.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36208.62000000</valUSD>
        <pctVal>0.526252049957</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>Nutrien Ltd</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>NUTRIEN LTD</title>
        <cusip>67077M108</cusip>
        <identifiers>
          <isin value="CA67077M1086"/>
        </identifiers>
        <balance>245.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25477.55000000</valUSD>
        <pctVal>0.370287873865</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>LGI Homes Inc</name>
        <lei>549300W02B4WNV8CV109</lei>
        <title>LGI HOMES INC</title>
        <cusip>50187T106</cusip>
        <identifiers>
          <isin value="US50187T1060"/>
        </identifiers>
        <balance>-112.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-10940.16000000</valUSD>
        <pctVal>-0.15900306686</pctVal>
        <payoffProfile>Short</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>Ishares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES LATIN AMERICA 40</title>
        <cusip>464287390</cusip>
        <identifiers>
          <isin value="US4642873909"/>
        </identifiers>
        <balance>968.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29417.52000000</valUSD>
        <pctVal>0.427550958989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Virtu Financial Inc</name>
        <lei>5493001OPW2K42CH3884</lei>
        <title>VIRTU FINANCIA-A</title>
        <cusip>928254101</cusip>
        <identifiers>
          <isin value="US9282541013"/>
        </identifiers>
        <balance>1319.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49093.18000000</valUSD>
        <pctVal>0.713514809842</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>Cabot Corporation</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>CABOT CORP</title>
        <cusip>127055101</cusip>
        <identifiers>
          <isin value="US1270551013"/>
        </identifiers>
        <balance>555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37967.55000000</valUSD>
        <pctVal>0.551816142658</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>United States Steel Corporation</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>US STEEL CORP</title>
        <cusip>912909108</cusip>
        <identifiers>
          <isin value="US9129091081"/>
        </identifiers>
        <balance>952.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35928.48000000</valUSD>
        <pctVal>0.522180526401</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>W.R. Berkley Corporation</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>WR BERKLEY CORP</title>
        <cusip>084423102</cusip>
        <identifiers>
          <isin value="US0844231029"/>
        </identifiers>
        <balance>859.50000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57234.11000000</valUSD>
        <pctVal>0.831834179678</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>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES MSCI MEXICO ETF</title>
        <cusip>464286822</cusip>
        <identifiers>
          <isin value="US4642868222"/>
        </identifiers>
        <balance>515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28309.55000000</valUSD>
        <pctVal>0.411447846421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</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>2022-04-28</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>
