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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Synaptics Incorporated</name>
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      <invstOrSec>
        <name>Centerpoint Energy Inc</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verisk Analytics, Inc.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Steris PLC</name>
        <lei>N/A</lei>
        <title>STERIS PLC</title>
        <cusip>G8473T100</cusip>
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          <isin value="IE00BFY8C754"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <title>JPM 0.653 09/16/24</title>
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          <isin value="US46647PBS48"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-16</maturityDt>
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      <invstOrSec>
        <name>TEXAS ST DEPT HSG &amp; CMNTY AFFAIRS</name>
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        <title>TXSHSG 0.45 01/1/2024</title>
        <cusip>882750PQ9</cusip>
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          <isin value="US882750PQ97"/>
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        <balance>505000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-01</maturityDt>
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      <invstOrSec>
        <name>Federal Farm Credit Banks</name>
        <lei>N/A</lei>
        <title>FFCB 3 1/8 04/26/30</title>
        <cusip>3133ENVH0</cusip>
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          <isin value="US3133ENVH07"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-26</maturityDt>
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      <invstOrSec>
        <name>Avangrid Inc</name>
        <lei>549300OX0Q38NLSKPB49</lei>
        <title>AGR 3.15 12/01/24</title>
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          <isin value="US05351WAA18"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FR ZS9163</title>
        <cusip>3132AAFC3</cusip>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COS INC</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ABG 4 1/2 03/01/28</title>
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        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>NRUC 1.35 03/15/31</title>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM5975</title>
        <cusip>3140JAT99</cusip>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>US BANK MMDA</name>
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        <name>Trane Technologies PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>TRANE TECHNOLOGI</title>
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        <invCountry>IE</invCountry>

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        <name>Encompass Health Corporation</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>ENCOMPASS HEALTH</title>
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        <name>Federal Farm Credit Banks</name>
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        <name>Aptiv PLC</name>
        <lei>N/A</lei>
        <title>APTIV PLC</title>
        <cusip>G6095L109</cusip>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Aflac Incorporated</name>
        <lei>549300N0B7DOGLXWPP39</lei>
        <title>AFL 1 1/8 03/15/26</title>
        <cusip>001055BK7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Cheniere Energy Partners L P</name>
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        <name>Equity Lifestyle Properties Inc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Diamondback Energy Inc</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>OREGON ST</name>
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        <name>Installed Building Products Inc</name>
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        <name>Old Dominion Freight Line Inc.</name>
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        <name>NextEra Energy Capital Holdings Inc</name>
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        <name>AvalonBay Communities, Inc.</name>
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        <name>The AES Corporation</name>
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        <name>Sysco Corporation</name>
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        <name>CMS Energy Corporation</name>
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        <name>National Bank of Canada</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>Targa Resources Co</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LOS ANGELES CALIF</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pentair PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pacific Life Global Funding II</name>
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      <invstOrSec>
        <name>Clearway Energy Inc</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHMS KG02 A2</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4263</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HAT Holdings I LLC and HAT Holdings II LLC</name>
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        <balance>1750000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC 0.8 10/28/26</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>American Tower Corporation</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMT 4.05 03/15/32</title>
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        <balance>1500000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Xometry Inc</name>
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        <title>XMTR 1 02/01/27</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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              <title>Xometry Inc CLASS A COM</title>
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        <name>TACOMA WASH</name>
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        <title>TACPWR 5.641 01/1/2027</title>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4326</title>
        <cusip>31418DYY2</cusip>
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        <name>M/I Homes Inc.</name>
        <lei>5299005M71FH9CCSFB69</lei>
        <title>MHO 3.95 02/15/30</title>
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        <name>OREGON ST</name>
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        <name>Nextera Energy Partners LP</name>
        <lei>5493008F4ZOQFNG3WN54</lei>
        <title>NEXTERA ENERGY P</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>CARMAX AUTO OWNER TRUST</name>
        <lei>N/A</lei>
        <title>CARMX 2021-2 C</title>
        <cusip>14314QAF1</cusip>
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        <name>Federal Farm Credit Banks</name>
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        <title>FFCB 1.47 10/15/32</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Prologis Inc.</name>
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        <name>Visa Inc</name>
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        <name>Entegris Inc</name>
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        <name>Builders Firstsource, Inc.</name>
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        <name>First American Funds Inc.</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Federal Farm Credit Banks</name>
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        <name>Trimas Corporation</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Fnma Pass-Thru I</name>
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        <name>Federal National Mortgage Association</name>
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        <name>KLA Corp.</name>
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        <name>Lithia Motors Incorporated</name>
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        <name>Federal National Mortgage Association</name>
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        <title>FNMA 0 7/8 08/05/30</title>
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        <name>Lam Research Corporation</name>
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        <name>Mettler-Toledo International Inc</name>
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        <name>Diamondback Energy Inc</name>
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        <name>Nasdaq Inc</name>
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        <name>Mueller Water Products, Inc.</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4284</title>
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        <name>Tempur Sealy International Inc</name>
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        <name>CARMAX AUTO OWNER TRUST</name>
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        <name>Workday Inc</name>
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        <name>Synopsys Inc</name>
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        <name>Louisiana Pacific Corporation</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>The Williams Companies, Inc.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Federal National Mortgage Association</name>
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        <title>FN MA2915</title>
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        <name>Idex Corporation</name>
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        <name>Federal National Mortgage Association</name>
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        <title>FN MA4306</title>
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        <name>OREGON ST</name>
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        <name>Patrick Inds Inc</name>
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        <name>Roper Technologies Inc</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN BM5466</title>
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        <name>NEW YORK N Y CITY HSG DEV CORP</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4095</title>
        <cusip>31418DRR5</cusip>
        <identifiers>
          <isin value="US31418DRR51"/>
        </identifiers>
        <balance>494200.64000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>441359.28000000</valUSD>
        <pctVal>0.132523071292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AURORA COLO</name>
        <lei>N/A</lei>
        <title>AURWTR 2.098 08/1/2034</title>
        <cusip>051595CC8</cusip>
        <identifiers>
          <isin value="US051595CC81"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1559031.00000000</valUSD>
        <pctVal>0.468116533906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.09800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSCI Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC</title>
        <cusip>55354G100</cusip>
        <identifiers>
          <isin value="US55354G1004"/>
        </identifiers>
        <balance>6940.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3256872.60000000</valUSD>
        <pctVal>0.977912506477</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>VISION FUND INTERNATIONAL</name>
        <lei>N/A</lei>
        <title>VFIPN 3.7247 02/24/25</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="PPEBEQ8D1"/>
        </identifiers>
        <balance>3800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3800000.00000000</valUSD>
        <pctVal>1.140992596582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.72470000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA4356</title>
        <cusip>31418DZW5</cusip>
        <identifiers>
          <isin value="US31418DZW54"/>
        </identifiers>
        <balance>1859116.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1583307.63000000</valUSD>
        <pctVal>0.475405864195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FR SD8214</title>
        <cusip>3132DWDT7</cusip>
        <identifiers>
          <isin value="US3132DWDT71"/>
        </identifiers>
        <balance>3047801.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2780419.16000000</valUSD>
        <pctVal>0.834852020251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>2023-07-28</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>
