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    <filerInfo>

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        <classId>C000221778</classId>
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      <regCik>0001815608</regCik>
      <regLei>549300S8T4XDU4WRH658</regLei>
      <regStreet1>150 Prospect Street</regStreet1>
      <regStreet2>Unit 23</regStreet2>
      <regCity>Greenwich</regCity>
      <regStateConditional regCountry="US" regState="US-CT"/>
      <regZipOrPostalCode>6830</regZipOrPostalCode>
      <regPhone>252-972-9922</regPhone>
      <seriesName>Modern Capital Tactical Opportunities Fund</seriesName>
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      <repPdEnd>2023-03-31</repPdEnd>
      <repPdDate>2023-03-31</repPdDate>
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      <totLiabs>3233462.98</totLiabs>
      <netAssets>31663435.83</netAssets>
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      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
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        <name>BlackRock Credit All</name>
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      <invstOrSec>
        <name>BNYM HIGH YIELD</name>
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        <name>Credit Suisse High</name>
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        <name>DoubleLine Yield Opp</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>First Trust Aberdeen</name>
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        <name>ABERDEEN ASIA</name>
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        <name>Flaherty &amp; Crumrine</name>
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        <name>The FS Credit</name>
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        <pctVal>1.95</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>Goldman Sachs MLP</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>38148G206</cusip>
        <identifiers>
          <isin value="US38148G2066"/>
        </identifiers>
        <balance>61866</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>810444.6</valUSD>
        <pctVal>2.56</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>CLOUGH GLOBAL</name>
        <lei>549300DTG68UBCNCPY15</lei>
        <title>CLOSED-E</title>
        <cusip>18914E106</cusip>
        <identifiers>
          <isin value="US18914E1064"/>
        </identifiers>
        <balance>267031</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1305781.59</valUSD>
        <pctVal>4.12</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>CLOUGH GLOBAL EQUITY</name>
        <lei>549300SI1THLT6A9J147</lei>
        <title>CLOSED-E</title>
        <cusip>18914C100</cusip>
        <identifiers>
          <isin value="US18914C1009"/>
        </identifiers>
        <balance>191272</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1159108.32</valUSD>
        <pctVal>3.66</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>Clough Global</name>
        <lei>5493001GFY6TW0CYCT15</lei>
        <title>CLOSED-E</title>
        <cusip>18913Y103</cusip>
        <identifiers>
          <isin value="US18913Y1038"/>
        </identifiers>
        <balance>49122</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>283925.16</valUSD>
        <pctVal>0.9</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>HIGHLAND INCOME FUND</name>
        <lei>549300VMOZD9W6DJLT40</lei>
        <title>CLOSED-E</title>
        <cusip>43010E404</cusip>
        <identifiers>
          <isin value="US43010E4044"/>
        </identifiers>
        <balance>101346</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>890831.34</valUSD>
        <pctVal>2.81</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>HIGHLAND GLOBAL</name>
        <lei>549300Y627XJ58WI3L10</lei>
        <title>CLOSED-E</title>
        <cusip>43010T104</cusip>
        <identifiers>
          <isin value="US43010T1043"/>
        </identifiers>
        <balance>58848</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>531985.92</valUSD>
        <pctVal>1.68</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>Invesco Value Munici</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>46132P108</cusip>
        <identifiers>
          <isin value="US46132P1084"/>
        </identifiers>
        <balance>8936</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109019.2</valUSD>
        <pctVal>0.34</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>Nuveen Preferred &amp;</name>
        <lei>1V4KW82TOLZ6S7J7N128</lei>
        <title>CLOSED-E</title>
        <cusip>67072C105</cusip>
        <identifiers>
          <isin value="US67072C1053"/>
        </identifiers>
        <balance>125000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>807500</valUSD>
        <pctVal>2.55</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>KKR OPPORTUNITIES</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>48249T106</cusip>
        <identifiers>
          <isin value="US48249T1060"/>
        </identifiers>
        <balance>35000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>384300</valUSD>
        <pctVal>1.21</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>KAYNE ANDERSON MID=</name>
        <lei>549300MHDTCUZBV2Y068</lei>
        <title>CLOSED-E</title>
        <cusip>48661E108</cusip>
        <identifiers>
          <isin value="US48661E1082"/>
        </identifiers>
        <balance>50696</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>389345.28</valUSD>
        <pctVal>1.23</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>DWS STRATEGIC</name>
        <lei>HW9ZECORLBPA6LHYL567</lei>
        <title>CLOSED-E</title>
        <cusip>23342Q101</cusip>
        <identifiers>
          <isin value="US23342Q1013"/>
        </identifiers>
        <balance>7788</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66042.24</valUSD>
        <pctVal>0.21</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>PIONEER MUNI HIGH</name>
        <lei>UE8ZNXHQH48NNA19I459</lei>
        <title>CLOSED-E</title>
        <cusip>723762100</cusip>
        <identifiers>
          <isin value="US7237621005"/>
        </identifiers>
        <balance>15549</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>127968.27</valUSD>
        <pctVal>0.4</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>Pioneer Municipal</name>
        <lei>1SKUXW31ZFWF61CETQ82</lei>
        <title>CLOSED-E</title>
        <cusip>723763108</cusip>
        <identifiers>
          <isin value="US7237631087"/>
        </identifiers>
        <balance>24363</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216587.07</valUSD>
        <pctVal>0.68</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>Mexico Equity &amp; Inco</name>
        <lei>549300Q0OD8MQEFTBY23</lei>
        <title>CLOSED-E</title>
        <cusip>592834105</cusip>
        <identifiers>
          <isin value="US5928341057"/>
        </identifiers>
        <balance>130965</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1318817.55</valUSD>
        <pctVal>4.17</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>BlackRock MuniYield</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09254E103</cusip>
        <identifiers>
          <isin value="US09254E1038"/>
        </identifiers>
        <balance>6102</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69196.68</valUSD>
        <pctVal>0.22</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>Nuveen Quality Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67066V101</cusip>
        <identifiers>
          <isin value="US67066V1017"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172950</valUSD>
        <pctVal>0.55</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>Virtus Convertible &amp;</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>92838U108</cusip>
        <identifiers>
          <isin value="US92838U1088"/>
        </identifiers>
        <balance>101168</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303504</valUSD>
        <pctVal>0.96</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>Nuveen AMT-Free</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>670657105</cusip>
        <identifiers>
          <isin value="US6706571055"/>
        </identifiers>
        <balance>110000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1223200</valUSD>
        <pctVal>3.86</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>Nuveen Core Plus Imp</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67080D103</cusip>
        <identifiers>
          <isin value="US67080D1037"/>
        </identifiers>
        <balance>33700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>344414</valUSD>
        <pctVal>1.09</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>Nuveen Municipal Cre</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>67070X101</cusip>
        <identifiers>
          <isin value="US67070X1019"/>
        </identifiers>
        <balance>70000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>836500</valUSD>
        <pctVal>2.64</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>Adams Natural Resour</name>
        <lei>549300LPTQAH0G3NGD42</lei>
        <title>CLOSED-E</title>
        <cusip>00548F105</cusip>
        <identifiers>
          <isin value="US00548F1057"/>
        </identifiers>
        <balance>4276</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87914.56</valUSD>
        <pctVal>0.28</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 ASSET</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>958435109</cusip>
        <identifiers>
          <isin value="US9584351095"/>
        </identifiers>
        <balance>36472</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>288376.81</valUSD>
        <pctVal>0.91</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>SEVEN HILLS</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>81784E101</cusip>
        <identifiers>
          <isin value="US81784E1010"/>
        </identifiers>
        <balance>118426</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1183075.74</valUSD>
        <pctVal>3.74</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>Invesco Trust for</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>46131M106</cusip>
        <identifiers>
          <isin value="US46131M1062"/>
        </identifiers>
        <balance>52189</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>518758.66</valUSD>
        <pctVal>1.64</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>Invesco Municipal Tr</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>46131J103</cusip>
        <identifiers>
          <isin value="US46131J1034"/>
        </identifiers>
        <balance>8168</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81026.56</valUSD>
        <pctVal>0.26</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>Virtus Total Return</name>
        <lei>549300KKRHI4GF7RNQ81</lei>
        <title>CLOSED-E</title>
        <cusip>92835W107</cusip>
        <identifiers>
          <isin value="US92835W1071"/>
        </identifiers>
        <balance>46298</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>299779.55</valUSD>
        <pctVal>0.95</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>Arcos Dorados Holdin</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>G0457F107</cusip>
        <identifiers>
          <isin value="VGG0457F1071"/>
        </identifiers>
        <balance>45857</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>353557.47</valUSD>
        <pctVal>1.12</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>UY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBVA ARGENTINA</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>058934100</cusip>
        <identifiers>
          <isin value="US0589341009"/>
        </identifiers>
        <balance>60508</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237191.36</valUSD>
        <pctVal>0.75</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Bradesco SA</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>059460303</cusip>
        <identifiers>
          <isin value="US0594603039"/>
        </identifiers>
        <balance>80000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>209600</valUSD>
        <pctVal>0.66</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>05967A107</cusip>
        <identifiers>
          <isin value="US05967A1079"/>
        </identifiers>
        <balance>50000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>265500</valUSD>
        <pctVal>0.84</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carnival Corp</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>COMMSTCK</title>
        <cusip>143658300</cusip>
        <identifiers>
          <isin value="PA1436583006"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>152250</valUSD>
        <pctVal>0.48</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>Cresud SACIF y A</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>226406106</cusip>
        <identifiers>
          <isin value="US2264061068"/>
        </identifiers>
        <balance>22731</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144796.47</valUSD>
        <pctVal>0.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Despegar.com Corp</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>G27358103</cusip>
        <identifiers>
          <isin value="VGG273581030"/>
        </identifiers>
        <balance>30000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184200</valUSD>
        <pctVal>0.58</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Empresa Distribuidor</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>29244A102</cusip>
        <identifiers>
          <isin value="US29244A1025"/>
        </identifiers>
        <balance>12500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100750</valUSD>
        <pctVal>0.32</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</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>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>29273V100</cusip>
        <identifiers>
          <isin value="US29273V1008"/>
        </identifiers>
        <balance>30000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>374100</valUSD>
        <pctVal>1.18</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>GRUPO FINANCIERO</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>399909100</cusip>
        <identifiers>
          <isin value="US3999091008"/>
        </identifiers>
        <balance>37714</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>414099.72</valUSD>
        <pctVal>1.31</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRSA Inversiones y R</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>450047204</cusip>
        <identifiers>
          <isin value="US4500472042"/>
        </identifiers>
        <balance>24372</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>141601.32</valUSD>
        <pctVal>0.45</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleo Brasileiro</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <isin value="US71654V4086"/>
        </identifiers>
        <balance>38935</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>406092.05</valUSD>
        <pctVal>1.28</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transocean Ltd</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>H8817H100</cusip>
        <identifiers>
          <isin value="CH0048265513"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95400</valUSD>
        <pctVal>0.3</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Supervielle</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>40054A108</cusip>
        <identifiers>
          <isin value="US40054A1088"/>
        </identifiers>
        <balance>114343</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>257271.75</valUSD>
        <pctVal>0.81</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toronto-Dominion Ban</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>891160509</cusip>
        <identifiers>
          <isin value="CA8911605092"/>
        </identifiers>
        <balance>14000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>838600</valUSD>
        <pctVal>2.65</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>Transportadora de</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>893870204</cusip>
        <identifiers>
          <isin value="US8938702045"/>
        </identifiers>
        <balance>31890</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>326553.6</valUSD>
        <pctVal>1.03</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBER TECH.</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>90353T100</cusip>
        <identifiers>
          <isin value="US90353T1007"/>
        </identifiers>
        <balance>12000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>380400</valUSD>
        <pctVal>1.2</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>Vista Oil &amp; Gas SAB</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>92837L109</cusip>
        <identifiers>
          <isin value="US92837L1098"/>
        </identifiers>
        <balance>15340</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303578.6</valUSD>
        <pctVal>0.96</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federated Government</name>
        <lei>254900VAJ9169N7JRF45</lei>
        <title>MONEYMKT</title>
        <cusip>60934N104</cusip>
        <identifiers>
          <ticker value="GOIXX"/>
        </identifiers>
        <balance>4989617</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4989617.02</valUSD>
        <pctVal>15.76</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Money Market" 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>WELLS FARGO CO</name>
        <lei>N/A</lei>
        <title>PREFSTCK</title>
        <cusip>949746465</cusip>
        <identifiers>
          <isin value="US9497464654"/>
        </identifiers>
        <balance>21000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>510300</valUSD>
        <pctVal>1.61</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-05-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Modern Capital Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Brad Atkins</ncom:signature>
      <ncom:signerName>Brad Atkins</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
