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                    <othIndName>3 Months Euribor Future Sep22</othIndName>
                    <identifiers>
                      <ticker value="ERU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-392001.19000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>531.25000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Gasoline RBOB Sep22</othIndName>
                    <identifiers>
                      <ticker value="XBU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-198546.31000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>846.44000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ICE Brent Crude Oct22</othIndName>
                    <identifiers>
                      <ticker value="COV2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>289302.79000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-11421.58000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CMX Copper SEP22 futures</othIndName>
                    <identifiers>
                      <ticker value="HGU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-363997.82000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>50272.20000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Aluminium HG OCT22</othIndName>
                    <identifiers>
                      <ticker value="LAV22 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>25250.96000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3138.88000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ICE Gas Oil AUG22</othIndName>
                    <identifiers>
                      <ticker value="QSQ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>28761.05000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-868.54000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ICE Brent Crude Dec22</othIndName>
                    <identifiers>
                      <ticker value="COZ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>236490.37000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-11391.46000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX WTI Crude Sep22</othIndName>
                    <identifiers>
                      <ticker value="CLU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-1176920.46000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>31341.32000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Nickel NOV22</othIndName>
                    <identifiers>
                      <ticker value="LNX2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>19105.36000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3844.96000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Copper OCT22</othIndName>
                    <identifiers>
                      <ticker value="LPV22 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>118136.10000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-14880.33000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Zinc AUG22</othIndName>
                    <identifiers>
                      <ticker value="LXQ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>18980.53000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3618.05000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Heating Oil Oct22</othIndName>
                    <identifiers>
                      <ticker value="HOV2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>110721.07000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-383.92000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Nickel SEP22</othIndName>
                    <identifiers>
                      <ticker value="LNU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-138806.24000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>27936.09000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>3 Month SOFR Fut  Dec23</othIndName>
                    <identifiers>
                      <ticker value="SFRZ3 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-428131.53000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>1057.11000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Copper MAR23</othIndName>
                    <identifiers>
                      <ticker value="LPH23 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>29545.20000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3724.64000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Gasoline RBOB Dec22</othIndName>
                    <identifiers>
                      <ticker value="XBZ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>20242.40000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-1283.35000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Aluminium HG JUN23</othIndName>
                    <identifiers>
                      <ticker value="LAM23 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>25374.14000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2979.57000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>3 Month SOFR Fut  Mar24</othIndName>
                    <identifiers>
                      <ticker value="SFRH4 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-428646.48000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-66.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX WTI Crude Nov22</othIndName>
                    <identifiers>
                      <ticker value="CLX2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>279046.63000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-15208.77000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Zinc SEP22</othIndName>
                    <identifiers>
                      <ticker value="LXU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-175739.05000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>33857.26000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>3 Month SOFR Fut  Sep23</othIndName>
                    <identifiers>
                      <ticker value="SFRU3 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-427549.38000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>396.27000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>3 Months Euribor Future Mar24</othIndName>
                    <identifiers>
                      <ticker value="ERH4 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-373069.89000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>740.11000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX WTI Crude Oct22</othIndName>
                    <identifiers>
                      <ticker value="CLV2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>351380.49000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-18714.48000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Gasoline RBOB Nov22</othIndName>
                    <identifiers>
                      <ticker value="XBX2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>84879.11000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-5117.34000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Gasoline RBOB Oct22</othIndName>
                    <identifiers>
                      <ticker value="XBV2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>104065.68000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-4941.77000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NYMEX Heating Oil Mar23</othIndName>
                    <identifiers>
                      <ticker value="HOH3 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>88833.32000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-160.63000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>3 Month SOFR Fut  Dec22</othIndName>
                    <identifiers>
                      <ticker value="SFRZ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-531207.75000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>3933.05000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CMX silver Sep22</othIndName>
                    <identifiers>
                      <ticker value="SIU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>81729.50000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-5362.08000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ICE Brent Crude Sep22</othIndName>
                    <identifiers>
                      <ticker value="COU2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>59765.30000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-1884.59000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Nickel AUG22</othIndName>
                    <identifiers>
                      <ticker value="LNQ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>19118.59000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3851.19000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>3 Months Euribor Future Dec22</othIndName>
                    <identifiers>
                      <ticker value="ERZ2 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>-389967.53000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>1179.81000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>LME Zinc JAN23</othIndName>
                    <identifiers>
                      <ticker value="LXF3 Comdty"/>
                    </identifiers>
                    <othIndNotAmt>56192.18000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-10583.16000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                </components>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.50000000"/>
            <terminationDt>2023-06-12</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-6799962.56000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-153450.80000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Money Market Obligations Trust</name>
        <lei>25490005VWJDWX717014</lei>
        <title>FED HER GOVT OBLIG-INS</title>
        <cusip>60934N104</cusip>
        <identifiers>
          <isin value="US60934N1046"/>
        </identifiers>
        <balance>1000834.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000834.44000000</valUSD>
        <pctVal>15.21054770198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</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>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>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200000.00000000</valUSD>
        <pctVal>3.039573198937</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-07-28</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>
