NPORT-EX 2 catalyst-funds_nqs.htm CATALYST NPORT EX

CATALYST INSIDER BUYING FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 98.0%
		AEROSPACE & DEFENSE - 2.8%
	461	TransDigm Group, Inc.	$	567,768

		APPAREL & TEXTILE PRODUCTS - 0.4%
	600	Crocs, Inc.^(a),(b)		86,280

		ASSET MANAGEMENT - 14.5%
	880	Ameriprise Financial, Inc.		385,827
	2,820	Apollo Global Management, Inc.^(b)		317,109
	3,860	Ares Management Corporation, CLASS A^(b)		513,303
	210	KKR & Company, Inc.		21,122
	3,420	LPL Financial Holdings, Inc.^(b)		903,564
	7,215	Raymond James Financial, Inc.^(b)		926,550
				3,067,475
		AUTOMOTIVE - 0.2%
	700	XPEL, Inc.^(a),(b)		37,814

		BEVERAGES - 3.7%
	9,475	Celsius Holdings, Inc.^(a)		785,667

		BIOTECH & PHARMA - 6.1%
	5,800	Novo Nordisk A/S - ADR		744,720
	7,500	TransMedics Group, Inc.^(a)		554,550
				1,299,270
		ELECTRICAL EQUIPMENT - 1.2%
	1,375	Atkore International Group, Inc.^(b)		261,745

		HEALTH CARE FACILITIES & SERVICES - 6.5%
	5,750	Ensign Group, Inc. (The)^(b)		715,415
	1,500	HCA Healthcare, Inc.^(b)		500,295
	303	UnitedHealth Group, Inc.		149,894
				1,365,604
		INTERNET MEDIA & SERVICES - 4.8%
	63,700	Opera Ltd. - ADR^(a),(b)		1,007,097

CATALYST INSIDER BUYING FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 98.0% (Continued)
		LEISURE FACILITIES & SERVICES - 4.8%
	155	Domino’s Pizza, Inc.^(b)	$	77,016
	20,500	DraftKings, Inc., Class A^(a)		930,905
				1,007,921
		MACHINERY - 0.0%^(c)
	115	Veralto Corporation		10,196

		MEDICAL EQUIPMENT & DEVICES - 0.2%
	62	Danaher Corporation		15,483
	50	Thermo Fisher Scientific, Inc.		29,060
				44,543
		OIL & GAS PRODUCERS - 4.8%
	2,440	Murphy USA, Inc.^(b)		1,022,848

		RETAIL - DISCRETIONARY - 7.3%
	185	AutoZone, Inc.^(a)		583,055
	810	O’Reilly Automotive, Inc.^(a)		914,394
	100	Ulta Beauty, Inc.^(a)		52,288
				1,549,737
		SOFTWARE - 16.0%
	152,500	Hims & Hers Health, Inc.^(a)		2,359,175
	2,415	Microsoft Corporation		1,016,039
				3,375,214
		TECHNOLOGY HARDWARE - 4.4%
	3,170	Arista Networks, Inc.^(a)		919,237

		TECHNOLOGY SERVICES - 18.1%
	8	Fair Isaac Corporation^(a),(b)		9,997
	5,380	Fiserv, Inc.^(a),(b)		859,832
	2,130	Mastercard, Inc., Class A^(b)		1,025,743
	1,640	MSCI, Inc.		919,138
	3,635	Visa, Inc., Class A^(b)		1,014,455
				3,829,165

CATALYST INSIDER BUYING FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 98.0% (Continued)
		WHOLESALE - DISCRETIONARY - 2.2%
	8,020	Copart, Inc.^(a)	$	464,518


		TOTAL COMMON STOCKS (Cost $16,855,564)		20,702,099


		SHORT-TERM INVESTMENTS — 35.9%
		COLLATERAL FOR SECURITIES LOANED - 27.6%
	5,834,417	Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (Cost $5,834,417)^(d)(e)(f)		5,834,417

		MONEY MARKET FUND - 8.3%
	1,748,419	First American Treasury Obligations Fund, Class X, 5.22% (Cost $1,748,419)^(d)		1,748,419

		TOTAL SHORT-TERM INVESTMENTS (Cost $7,582,836)		7,582,836

		TOTAL INVESTMENTS - 133.9% (Cost $24,438,400)	$	28,284,935
		LIABILITIES IN EXCESS OF OTHER ASSETS - (33.9)%		(7,167,179	)
		NET ASSETS - 100.0%	$	21,117,756

ADR	- American Depositary Receipt

A/S	- Anonim Sirketi

LLC	- Limited Liability Company

LTD	- Limited Company

MSCI	- Morgan Stanley Capital International

^(a)	Non-income producing security.

^(b)	All or a portion of the security is on loan. Total loaned securities had a value of $5,721,813 at March 31, 2024.

^(c)	Percentage rounds to less than 0.1%.

^(d)	Rate disclosed is the seven day effective yield as of March 31, 2024.

^(e)	Mutual Fund Series Trust’s securities lending policies and procedures require that the borrower: (i) deliver cash or U.S. Government securities as collateral with respect to each new loan of U.S. securities, equal to at least 102% of the value of the portfolio securities loaned, and (ii) at all times thereafter mark-to-market the collateral on a daily basis so that the market value of such collateral is at least 100% of the value of securities loaned. From time to time the collateral may not be 102% due to end of day market movement. The next business day additional collateral is obtained/received from the borrower to replenish/reestablish 102%.

^(f)	Security was purchased with cash received as collateral for securities on loan at March 31, 2024. Total collateral had a value of $5,834,417 at March 31, 2024.

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9%
		AEROSPACE & DEFENSE - 0.2%
	226	Hexcel Corporation	$	16,464

		AUTOMOTIVE - 1.1%
	7,722	Sumitomo Electric Industries Ltd.		119,103

		BEVERAGES - 0.2%
	2,055	Treasury Wine Estates Ltd.		16,672

		BIOTECH & PHARMA - 0.4%
	408	Bayer A.G.		12,513
	729	Elanco Animal Health, Inc.^(a)		11,868
	94	Zoetis, Inc.		15,906
				40,287
		CHEMICALS - 4.0%
	294	Air Products and Chemicals, Inc.		71,227
	105	Balchem Corporation		16,270
	185	CF Industries Holdings, Inc.		15,394
	267	Corteva, Inc.		15,398
	191	Ecolab, Inc.		44,102
	191	FMC Corporation		12,167
	7,623	Ganfeng Lithium Group Company Ltd.		23,326
	7,625	Incitec Pivot Ltd.		14,360
	807	K+S A.G.		12,588
	221	Linde PLC		102,616
	307	Mosaic Company (The)		9,965
	214	Nutrien Ltd.		11,627
	6,118	Tianqi Lithium Corporation		28,453
	5,002	Toray Industries, Inc.		23,974
	1,944	Tronox Holdings PLC		33,728
	374	Yara International ASA		11,811
				447,006
		COMMERCIAL SUPPORT SERVICES - 2.2%
	500	ABM Industries, Inc.		22,310
	285	Casella Waste Systems, Inc.^(a)		28,178

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9% (Continued)
		COMMERCIAL SUPPORT SERVICES - 2.2% (Continued)
	135	Clean Harbors, Inc.^(a)	$	27,177
	632	GFL Environmental, Inc.		21,796
	1,683	PureCycle Technologies, Inc.^(a)		10,468
	1,547	Radius Recycling, Inc.		32,688
	220	Republic Services, Inc.		42,117
	396	Stericycle, Inc.^(a)		20,889
	188	Waste Management, Inc.		40,072
				245,695
		CONSTRUCTION MATERIALS - 0.3%
	69	Advanced Drainage Systems, Inc.		11,885
	105	Owens Corning		17,514
				29,399
		CONTAINERS & PACKAGING - 1.3%
	1,874	Billerud A.B.		16,808
	628	International Paper Company		24,505
	1,179	Mondi PLC		20,765
	45,474	Nine Dragons Paper Holdings Ltd.^(a)		18,940
	10,174	Oji Holdings Corporation		42,178
	434	Westrock Company		21,461
				144,657
		DIVERSIFIED INDUSTRIALS - 0.4%
	130	General Electric Company		22,819
	182	Pentair PLC		15,550
				38,369
		ELEC & GAS MARKETING & TRADING - 0.1%
	172	Orsted A/S		9,563

		ELECTRIC UTILITIES - 6.2%
	349	Alliant Energy Corporation		17,590
	1,785	Altus Power, Inc.^(a)		8,532
	125	BKW A.G.		19,183
	554	Boralex, Inc.		11,706
	62,573	China Datang Corp Renewable Power Company Ltd.		12,871
	17,475	China Longyuan Power Group Corp Ltd.		12,235

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9% (Continued)
		ELECTRIC UTILITIES - 6.2% (Continued)
	747	Dominion Energy, Inc.	$	36,745
	206	Duke Energy Corporation		19,922
	3,345	EDP - Energias de Portugal S.A.		13,026
	776	EDP Renovaveis S.A.		10,502
	3,144	Endesa S.A.		58,217
	2,301	Enel SpA		15,189
	910	Engie S.A.		15,226
	399	Entergy Corporation		42,166
	468	ERG SpA		11,753
	2,593	Fortum OYJ		32,014
	1,357	Iberdrola S.A.		16,827
	1,575	Innergex Renewable Energy, Inc.		9,291
	5,120	Kyushu Electric Power Company, Inc.^(a)		45,826
	1,224	Neoen S.A.		34,647
	244	NextEra Energy, Inc.		15,594
	730	Northland Power, Inc.		11,928
	2,332	PG&E Corporation		39,084
	1,301	PNM Resources, Inc.		48,970
	652	Public Service Enterprise Group, Inc.		43,541
	2,534	RENOVA, Inc.^(a)		20,705
	392	RWE A.G.		13,303
	1,338	Solaria Energia y Medio Ambiente S.A.^(a)		14,585
	660	SSE PLC		13,744
	956	West Holdings Corporation		18,098
				683,020
		ELECTRICAL EQUIPMENT - 4.9%
	186	A O Smith Corporation		16,640
	105	Badger Meter, Inc.		16,990
	3,296	Bloom Energy Corporation, Class A^(a)		37,047
	451	BWX Technologies, Inc.		46,282
	5,125	Furukawa Electric Company Ltd.		107,754
	125	Itron, Inc.^(a)		11,565
	708	Nexans S.A.		74,008
	991	NKT A/S^(a)		81,698

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9% (Continued)
		ELECTRICAL EQUIPMENT - 4.9% (Continued)
	2,257	Prysmian SpA	$	117,816
	587	Siemens Energy A.G.^(a)		10,768
	68	Watts Water Technologies, Inc., Class A		14,453
				535,021
		ENGINEERING & CONSTRUCTION - 0.9%
	102	Acciona S.A.		12,417
	216	Arcosa, Inc.		18,546
	322	Montrose Environmental Group, Inc.^(a)		12,613
	228	Stantec, Inc.		18,931
	211	Tetra Tech, Inc.		38,974
				101,481
		FOOD - 2.2%
	216	Bakkafrost P/F		13,865
	675	Beyond Meat, Inc.^(a)		5,589
	6,497	China Mengniu Dairy Company Ltd.		13,945
	725	Darling Ingredients, Inc.^(a)		33,720
	2,872	Leroy Seafood Group ASA		12,633
	1,700	Maruha Nichiro Corporation		33,200
	756	Mowi ASA		13,852
	1,083	NH Foods Ltd.		36,205
	4,631	Nissui Corporation		28,984
	604	Pilgrim’s Pride Corporation^(a)		20,729
	222	Salmar ASA		14,627
	398	Tyson Foods, Inc., Class A		23,375
				250,724
		FORESTRY, PAPER & WOOD PRODUCTS - 2.2%
	1,174	Canfor Corporation^(a)		14,831
	4,061	Daio Paper Corporation		31,386
	519	Holmen A.B.		21,107
	1,616	Mercer International, Inc.		16,079
	3,434	Nippon Paper Industries Company Ltd.^(a)		26,517
	465	Stella-Jones, Inc.		27,122
	1,462	Stora Enso OYJ, R Shares		20,321
	1,327	Svenska Cellulosa A.B. SCA		20,365

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9% (Continued)
		FORESTRY, PAPER & WOOD PRODUCTS - 2.2% (Continued)
	303	Sylvamo Corporation	$	18,707
	713	UPM-Kymmene OYJ		23,744
	244	West Fraser Timber Company Ltd.		21,070
				241,249
		GAS & WATER UTILITIES - 1.3%
	267	American States Water Company		19,289
	142	American Water Works Company, Inc.		17,354
	1,208	Aris Water Solutions, Inc., Class A		17,093
	388	California Water Service Group		18,034
	47,591	China Suntien Green Energy Corp Ltd., H Shares		17,998
	500	Essential Utilities, Inc.		18,525
	280	Middlesex Water Company		14,700
	331	SJW Group		18,731
				141,724
		INDUSTRIAL INTERMEDIATE PROD - 0.6%
	342	Gibraltar Industries, Inc.^(a)		27,541
	290	Mueller Industries, Inc.		15,640
	547	SKF A.B., B Shares		11,164
	69	Valmont Industries, Inc.		15,751
				70,096
		INSTITUTIONAL FINANCIAL SERVICES - 5.5%
	1,002	Cboe Global Markets, Inc.		184,098
	710	CME Group, Inc.		152,856
	3,841	Hong Kong Exchanges & Clearing Ltd.		111,791
	1,112	Intercontinental Exchange, Inc.		152,822
				601,567
		MACHINERY - 2.6%
	113	AGCO Corporation		13,901
	36	Bucher Industries A.G.		15,840
	788	CECO Environmental Corporation^(a)		18,140
	40	Deere & Company		16,430
	395	Donaldson Company, Inc.		29,499
	1,609	Energy Recovery, Inc.^(a)		25,406
	153	Franklin Electric Company, Inc.		16,342

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9% (Continued)
		MACHINERY - 2.6% (Continued)
	76	IDEX Corporation	$	18,546
	1,157	Kubota Corporation		18,086
	117	Lindsay Corporation		13,766
	913	Mueller Water Products, Inc.		14,690
	199	Tennant Company		24,200
	333	Toro Company (The)		30,512
	117	Xylem, Inc.		15,121
	410	Zurn Elkay Water Solutions Corporation		13,723
				284,202
		MEDICAL EQUIPMENT & DEVICES - 0.6%
	76	Danaher Corporation		18,979
	664	Neogen Corporation^(a)		10,478
	117	STERIS PLC		26,303
	50	Waters Corporation^(a)		17,212
				72,972
		METALS & MINING - 3.4%
	6,613	Boss Energy Ltd.^(a)		20,555
	617	Cameco Corporation		26,713
	809	Cleveland-Cliffs, Inc.^(a)		18,397
	3,125	Energy Fuels, Inc.^(a)		19,543
	357	Eramet S.A.		27,131
	5,714	Iluka Resources Ltd.		26,846
	21,341	Liontown Resources Ltd.^(a)		16,271
	6,820	Lynas Rare Earths Ltd.^(a)		25,287
	1,547	MP Materials Corporation^(a)		22,122
	2,974	NexGen Energy Ltd.^(a)		23,122
	1,172	Piedmont Lithium, Inc.^(a)		15,611
	8,785	Pilbara Minerals Ltd.		21,925
	2,433	SunCoke Energy, Inc.		27,420
	3,142	Uranium Energy Corporation^(a)		21,209
	420	Warrior Met Coal, Inc.		25,494
	4,169	Yellow Cake PLC^(a)		31,674
				369,320

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9% (Continued)
		RENEWABLE ENERGY - 2.4%
	686	Array Technologies, Inc.^(a)	$	10,228
	1,049	Atlantica Sustainable Infrastructure plc		19,386
	533	Canadian Solar, Inc.^(a)		10,532
	1,401	Encavis A.G.^(a)		25,473
	79	Enphase Energy, Inc.^(a)		9,557
	87	First Solar, Inc.^(a)		14,686
	22,452	FuelCell Energy, Inc.^(a)		26,718
	1,777	Maxeon Solar Technologies Ltd.^(a)		5,917
	100,069	Meyer Burger Technology A.G.^(a)		2,774
	66,497	NEL ASA^(a)		29,568
	791	Nordex S.E.^(a)		10,376
	6,294	Plug Power, Inc.^(a)		21,651
	764	Shoals Technologies Group, Inc., Class A^(a)		8,542
	189	SMA Solar Technology A.G.^(a)		10,908
	129	SolarEdge Technologies, Inc.^(a)		9,156
	1,149	Sunnova Energy International, Inc.^(a)		7,043
	2,580	SunPower Corporation^(a)		7,740
	695	Sunrun, Inc.^(a)		9,160
	396	Vestas Wind Systems A/S^(a)		11,054
	21,157	Xinyi Solar Holdings Ltd.		16,381
				266,850
		SOFTWARE - 0.3%
	45	Roper Technologies, Inc.		25,238

		SPECIALTY REIT - 3.3%
	15,719	Farmland Partners, Inc.		174,481
	12,559	Gladstone Land Corporation		167,537
	406	Hannon Armstrong Sustainable Infrastructure Capital, Inc.		11,530
				353,548
		STEEL - 2.2%
	447	ATI, Inc.^(a)		22,873
	314	Carpenter Technology Corporation		22,426
	449	Commercial Metals Company		26,388
	1,017	Metallus, Inc.^(a)		22,628

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 49.9% (Continued)
		STEEL - 2.2% (Continued)
	122	Nucor Corporation	$	24,144
	102	Reliance, Inc.		34,085
	589	Ryerson Holding Corporation		19,732
	172	Steel Dynamics, Inc.		25,496
	395	United States Steel Corporation		16,108
	408	Worthington Enterprises, Inc.		25,390
				239,270
		TECHNOLOGY HARDWARE - 0.1%
	6,455	Flat Glass Group Company Ltd.		15,686

		TIMBER REIT - 0.6%
	533	PotlatchDeltic Corporation		25,062
	651	Rayonier, Inc.		21,639
	711	Weyerhaeuser Company		25,532
				72,233
		WHOLESALE - CONSUMER STAPLES - 0.4%
	288	Archer-Daniels-Midland Company		18,089
	219	Bunge Global S.A.		22,452
				40,541

		TOTAL COMMON STOCKS (Cost $5,249,143)		5,471,957

Principal Amount ($)			Coupon Rate (%)	Maturity
		U.S. GOVERNMENT & AGENCIES — 19.0%
		U.S. TREASURY NOTES — 19.0%
	650,000	United States Treasury Note	2.5000	05/15/24	647,749
	662,000	United States Treasury Note	2.3750	08/15/24	654,739
	787,000	United States Treasury Note	2.2500	11/15/24	772,759
		TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,076,211)			2,075,247

CATALYST/MILLBURN DYNAMIC COMMODITY STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		SHORT-TERM INVESTMENTS — 19.4%
		MONEY MARKET FUNDS - 19.4%
	2,119,170	First American Treasury Obligations Fund, Class X, 5.22%^(b)	$	2,119,170
		TOTAL SHORT-TERM INVESTMENTS (Cost $2,119,170)

		TOTAL INVESTMENTS - 88.3% (Cost $9,444,524)	$	9,666,374
		OTHER ASSETS IN EXCESS OF LIABILITIES- 11.7%		1,281,241
		NET ASSETS - 100.0%	$	10,947,615

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount^(c)		Value and Unrealized Appreciation (Depreciation)
	7	CBOT Corn Future^(d)	05/14/2024	$	154,700	$	6,050
	1	CBOT Soybean Future^(d)	05/14/2024		59,575		2,450
	2	CME Lean Hogs Future^(d)	06/14/2024		81,160		940
	4	CME Live Cattle Future^(d)	06/28/2024		288,400		(4,380	)
	7	COMEX Gold 100 Troy Ounces Future^(d)	06/26/2024		1,566,880		33,970
	1	COMEX Silver Future^(d)	05/29/2024		124,580		8,725
	17	ICE Brent Crude Oil Future^(d)	04/30/2024		1,479,000		24,180
	4	ICE Gas Oil Future^(d)	05/10/2024		323,200		2,000
	3	KCBT Hard Red Winter Wheat Future^(d)	05/14/2024		87,788		2,088
	3	NYBOT CSC C Coffee Future^(d)	05/20/2024		212,457		2,401
	2	NYBOT CSC Cocoa Future^(d)	05/15/2024		195,320		84,400
	1	NYBOT CSC Number 11 World Sugar Future^(d)	04/30/2024		25,222		828
	3	NYBOT CTN Number 2 Cotton Future^(d)	05/08/2024		137,070		(645	)
	19	NYMEX Light Sweet Crude Oil Future^(d)	04/22/2024		1,580,230		95,070
	3	NYMEX NY Harbor ULSD Futures^(d)	04/30/2024		330,460		(3,453	)
	3	NYMEX Platinum Future^(d)	07/29/2024		138,165		1,925
	4	NYMEX Reformulated Gasoline Blendstock for Oxygen^(d)	04/30/2024		457,061		21,341
		TOTAL LONG FUTURES CONTRACTS				$	277,890


OPEN FUTURES CONTRACTS
Number of Contracts		Open Short Futures Contracts	Expiration	Notional Amount^(c)		Value and Unrealized Appreciation (Depreciation)
	2	LME Lead Future^(d)	06/17/2024	$	102,626	$	1,795
	5	LME Primary Aluminum Future^(d)	06/17/2024		291,830		(6,631	)
	2	LME Zinc Future^(d)	06/17/2024		121,759		(1,167	)
	5	NYMEX Henry Hub Natural Gas Futures^(d)	06/26/2024		117,000		3,350
		TOTAL SHORT FUTURES CONTRACTS				$	(2,653	)

		TOTAL FUTURES CONTRACTS				$	275,237

A.B.	- Aktiebolag

A.G.	- Aktiengesellschaft

A/S	- Anonim Sirketi

Ltd.	- Limited Company

OYJ	- Julkinen osakeyhtiö

PLC	- Public Limited Company

REIT	- Real Estate Investment Trust

S.A.	- Société Anonyme

S.E.	- Societas Europeae

SpA	- Società per azioni

^(a)	Non-income producing security.

^(b)	Rate disclosed is the seven-day effective yield as of March 31, 2024.

^(c)	The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of and are not necessarily indicative of the future cash flows of the Fund’s futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.

^(d)	All or a portion of this investment is a holding of the CHCSF Fund Limited.

CATALYST/WARRINGTON STRATEGIC PROGRAM FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Discount Rate
(%)

Maturity

Fair Value

SHORT-TERM INVESTMENTS — 92.9%

MONEY MARKET FUNDS - 55.0%

57,495,995

First American Treasury Obligations Fund, Class X, 5.22%^(b)

57,495,995

Principal Amount ($)
		U.S. TREASURY BILLS — 37.9%
	20,000,000	United States Treasury Bill^(a)(d)	4.7582	04/11/24	19,970,921
	20,000,000	United States Treasury Bill^(a)(d)	5.1002	07/25/24	19,671,324
					39,642,245
		TOTAL SHORT-TERM INVESTMENTS (Cost $97,149,022)			97,138,240

Contracts^(c)			Broker/ Counterparty	Expiration Date	Exercise Price		Notional Value		Fair Value
		FUTURE OPTIONS PURCHASED - 0.2%
		PUT OPTIONS PURCHASED - 0.2%
	200	S&P Emini Future, Maturing June 2024	ADM	04/01/2024	$	4,550	$	45,500,000	$	500
	100	S&P Emini Future, Maturing June 2024	FCS	04/01/2024		4,550		22,750,000		250
	100	S&P Emini Future, Maturing June 2024	ADM	04/01/2024		4,580		22,900,000		250
	100	S&P Emini Future, Maturing June 2024	FCS	04/01/2024		4,580		22,900,000		250
	640	S&P Emini Future, Maturing June 2024	ADM	04/08/2024		4,950		158,400,000		28,800
	300	S&P Emini Future, Maturing June 2024	FCS	04/08/2024		4,950		74,250,000		13,500
	320	S&P Emini Future, Maturing June 2024	ADM	04/08/2024		5,150		82,400,000		48,800
	150	S&P Emini Future, Maturing June 2024	FCS	04/08/2024		5,150		38,625,000		22,875
	640	S&P Emini Future, Maturing June 2024	ADM	04/05/2024		4,925		157,600,000		16,000
	300	S&P Emini Future, Maturing June 2024	FCS	04/05/2024		4,925		73,875,000		7,500
	320	S&P Emini Future, Maturing June 2024	ADM	04/05/2024		5,125		82,000,000		22,400
	150	S&P Emini Future, Maturing June 2024	FCS	04/05/2024		5,125		38,437,500		10,500
	320	S&P Emini Future, Maturing June 2024	ADM	04/04/2024		5,075		81,200,000		9,600
	150	S&P Emini Future, Maturing June 2024	FCS	04/04/2024		5,075		38,062,500		4,500
	900	S&P Emini Future, Maturing June 2024	ADM	04/02/2024		4,300		193,500,000		2,250
	500	S&P Emini Future, Maturing June 2024	FCS	04/02/2024		4,300		107,500,000		1,250
	700	S&P Emini Future, Maturing June 2024	ADM	04/02/2024		4,350		152,250,000		1,750
	300	S&P Emini Future, Maturing June 2024	FCS	04/02/2024		4,350		65,250,000		750
	320	S&P Emini Future, Maturing June 2024	ADM	04/02/2024		5,100		81,600,000		4,800
	150	S&P Emini Future, Maturing June 2024	FCS	04/02/2024		5,100		38,250,000		2,250
		TOTAL PUT OPTIONS PURCHASED (Cost - $355,525)								198,775

		TOTAL FUTURE OPTIONS PURCHASED (Cost - $355,525)								198,775

CATALYST/WARRINGTON STRATEGIC PROGRAM FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

	Fair Value
TOTAL INVESTMENTS – 93.1% (Cost $97,504,547)	$	97,337,015
PUT OPTIONS WRITTEN – (0.2)% (Proceeds - $314,900)		(202,100	)
OTHER ASSETS IN EXCESS OF LIABILITIES- 7.1%		7,406,571
NET ASSETS - 100.0%	$	104,541,486

Contracts^(c)			Counterparty	Expiration Date	Exercise Price		Notional Value		Fair Value
		WRITTEN FUTURE OPTIONS - 0.2%
		PUT OPTIONS WRITTEN - 0.2%
	1,280	S&P Emini Future, Maturing June 2024	ADM	04/08/2024	$	4,625	$	296,000,000	$	32,000
	600	S&P Emini Future, Maturing June 2024	FCS	04/08/2024		4,625		138,750,000		15,000
	640	S&P Emini Future, Maturing June 2024	ADM	04/08/2024		5,050		161,600,000		44,800
	300	S&P Emini Future, Maturing June 2024	FCS	04/08/2024		5,050		75,750,000		21,000
	1,280	S&P Emini Future, Maturing June 2024	ADM	04/05/2024		4,600		294,400,000		19,200
	600	S&P Emini Future, Maturing June 2024	FCS	04/05/2024		4,600		138,000,000		9,000
	640	S&P Emini Future, Maturing June 2024	ADM	04/05/2024		5,025		160,800,000		24,000
	300	S&P Emini Future, Maturing June 2024	FCS	04/05/2024		5,025		75,375,000		11,250
	640	S&P Emini Future, Maturing June 2024	ADM	04/04/2024		4,925		157,600,000		11,200
	300	S&P Emini Future, Maturing June 2024	FCS	04/04/2024		4,925		73,875,000		5,250
	640	S&P Emini Future, Maturing June 2024	ADM	04/02/2024		4,950		158,400,000		6,400
	300	S&P Emini Future, Maturing June 2024	FCS	04/02/2024		4,950		74,250,000		3,000
		TOTAL PUT OPTIONS WRITTEN (Proceeds - $314,900)								202,100
		TOTAL FUTURE OPTIONS WRITTEN (Proceeds - $314,900)							$	202,100

ADM	ADM Investor Services, Inc.

FCS	StoneX Group, Inc.

^(a)	Zero coupon bond.

^(b)	Rate disclosed is the seven day effective yield as of March 31, 2024.

^(c)	Each contract is equivalent to one futures contract.

^(d)	Held as collateral for options.

CATALYST INSIDER INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Principal Amount ($)			Coupon Rate (%)	Maturity	Fair Value
		CONVERTIBLE BONDS — 44.6%
		ASSET MANAGEMENT — 12.0%
	2,600,000	New Mountain Finance Corporation	7.5000	10/15/25	$	2,646,800
	4,079,000	Prospect Capital Corporation	6.3750	03/01/25		4,089,285
						6,736,085
		SPECIALTY FINANCE — 32.6%
	2,600,000	Arbor Realty Trust, Inc.	7.5000	08/01/25		2,560,219
	4,620,000	Redwood Trust, Inc.	5.6250	07/15/24		4,648,652
	5,000,000	SoFi Technologies, Inc.^(a),(b)	5.8000	10/15/26		4,344,040
	7,000,000	Two Harbors Investment Corporation	6.2500	01/15/26		6,650,000
						18,202,911

		TOTAL CONVERTIBLE BONDS (Cost $25,356,359)				24,938,996

		CORPORATE BONDS — 50.7%
		ASSET MANAGEMENT — 9.7%
	2,700,000	Ares Capital Corporation	4.2500	03/01/25		2,656,725
	2,861,000	Prospect Capital Corporation	3.7060	01/22/26		2,715,485
						5,372,210
		BIOTECH & PHARMA — 3.5%
	2,000,000	AbbVie, Inc.	3.8000	03/15/25		1,972,555

		CHEMICALS — 4.8%
	2,700,000	Sherwin-Williams Company (The)	3.1250	06/01/24		2,687,579

		GAS & WATER UTILITIES — 3.0%
	1,700,000	National Fuel Gas Company	5.5000	01/15/26		1,698,778

		INSURANCE — 7.4%
	2,862,526	Ambac Assurance Corporation^(a)	5.1000	06/07/69		4,158,039

		INTERNET MEDIA & SERVICES — 8.3%
	2,000,000	Netflix, Inc.	5.8750	02/15/25		2,008,783
	2,612,000	VeriSign, Inc.	5.2500	04/01/25		2,602,157
						4,610,940

CATALYST INSIDER INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Coupon Rate (%)	Maturity	Fair Value
		CORPORATE BONDS — 50.7% (Continued)
		METALS & MINING — 0.5%
	299,000	Warrior Met Coal, Inc.^(a)	7.8750	12/01/28	$	301,474

		REAL ESTATE INVESTMENT TRUSTS — 5.5%
	1,007,000	Omega Healthcare Investors, Inc.	4.5000	04/01/27		974,891
	2,100,000	Sabra Health Care, L.P.	5.1250	08/15/26		2,079,658
						3,054,549
		SEMICONDUCTORS — 4.4%
	2,500,000	Broadcom, Inc.	3.6250	10/15/24		2,472,429

		TECHNOLOGY HARDWARE — 3.6%
	2,000,000	Dell International, LLC / EMC Corporation	4.0000	07/15/24		1,990,265

		TOTAL CORPORATE BONDS (Cost $28,391,784)				28,318,818

Shares
		SHORT-TERM INVESTMENTS — 7.6%
		MONEY MARKET FUNDS - 7.6%
	4,275,000	First American Treasury Obligations Fund, Class X, 5.22% (Cost $4,275,000)^(c)		4,275,000

		TOTAL INVESTMENTS - 102.9% (Cost $58,023,143)	$	57,532,814
		LIABILITIES IN EXCESS OF OTHER ASSETS - (2.9)%		(1,617,697	)
		NET ASSETS - 100.0%	$	55,915,117

LLC	- Limited Liability Company

L.P.	- Limited Partnership

^(a)	Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2024, the total market value of 144A securities is 8,803,553 or 15.7% of net assets.

^(b)	Zero coupon bond. Discount rate shown.

^(c)	Rate disclosed is the seven-day effective yield as of March 31, 2024.

CATALYST SYSTEMATIC ALPHA FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Principal Amount ($)			Coupon Rate (%)	Maturity	Fair Value
		CONVERTIBLE BONDS — 0.1%
		ASSET MANAGEMENT — 0.1%
	225,000	New Mountain Finance Corporation	7.5000	10/15/25	$	229,050

		SPECIALTY FINANCE — 0.0%^(a)
	225,000	Two Harbors Investment Corporation	6.2500	01/15/26		213,750

		TOTAL CONVERTIBLE BONDS (Cost $424,260)				442,800

		CORPORATE BONDS — 54.1%
		AEROSPACE & DEFENSE — 4.1%
	21,000,000	RTX Corporation	3.9500	08/16/25		20,661,929

		ASSET MANAGEMENT — 0.3%
	1,650,000	Ares Capital Corporation	4.2000	06/10/24		1,643,984

		BEVERAGES — 3.9%
	20,000,000	Constellation Brands, Inc.	5.0000	02/02/26		19,882,850

		BIOTECH & PHARMA — 5.2%
	20,000,000	AbbVie, Inc.	3.8000	03/15/25		19,725,546
	6,500,000	Gilead Sciences, Inc.	3.6500	03/01/26		6,335,732
						26,061,278
		CHEMICALS — 2.0%
	5,000,000	DuPont de Nemours, Inc.	4.4930	11/15/25		4,936,551
	5,000,000	Sherwin-Williams Company (The)	3.1250	06/01/24		4,976,998
						9,913,549
		E-COMMERCE DISCRETIONARY — 1.4%
	7,291,000	Amazon.com, Inc.	4.7000	11/29/24		7,270,692

		FOOD — 2.3%
	12,000,000	Kraft Heinz Foods Company	3.0000	06/01/26		11,493,061

CATALYST SYSTEMATIC ALPHA FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Coupon Rate (%)	Maturity	Fair Value
		CORPORATE BONDS — 54.1% (Continued)
		INSTITUTIONAL FINANCIAL SERVICES — 0.2%
	800,000	Goldman Sachs Group, Inc. (The)	3.7500	05/22/25	$	785,101

		INTERNET MEDIA & SERVICES — 3.9%
	20,000,000	VeriSign, Inc.	5.2500	04/01/25		19,924,635

		LEISURE FACILITIES & SERVICES — 3.5%
	18,000,000	McDonald’s Corporation Series MTN	3.7000	01/30/26		17,624,681

		MEDICAL EQUIPMENT & DEVICES — 2.5%
	13,000,000	Thermo Fisher Scientific, Inc.	1.2150	10/18/24		12,701,588

		RETAIL - DISCRETIONARY — 4.6%
	18,700,000	Lowe’s Companies, Inc.	4.4000	09/08/25		18,481,304
	1,300,000	Lowe’s Companies, Inc.	4.8000	04/01/26		1,293,110
	3,500,000	Ross Stores, Inc.	3.3750	09/15/24		3,460,496
						23,234,910
		SEMICONDUCTORS — 3.2%
	16,000,000	Intel Corporation	4.8750	02/10/26		15,958,754

		SOFTWARE — 7.6%
	20,690,000	Microsoft Corporation	2.7000	02/12/25		20,275,249
	19,030,000	Oracle Corporation	2.9500	05/15/25		18,534,524
						38,809,773
		TECHNOLOGY HARDWARE — 3.9%
	20,000,000	Apple, Inc.	2.5000	02/09/25		19,557,417

		TECHNOLOGY SERVICES — 5.5%
	13,000,000	Equifax, Inc.	2.6000	12/01/24		12,744,990
	16,000,000	International Business Machines Corporation	3.3000	05/15/26		15,447,095
						28,192,085
		TOTAL CORPORATE BONDS (Cost $273,879,017)				273,716,287

CATALYST SYSTEMATIC ALPHA FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares					Fair Value
		SHORT-TERM INVESTMENTS — 41.0%
		MONEY MARKET FUNDS - 11.1%
	55,896,775	First American Treasury Obligations Fund, Class X, 5.22%^(b)(d)			$	55,896,775

Principal Amount ($)			Discount Rate (%)	Maturity
		U.S. TREASURY BILLS — 29.9%
	2,000,000	United States Treasury Bill^(b)(c)(e)	4.9666	04/18/24		1,995,033
	5,000,000	United States Treasury Bill^(b)(c)(e)	5.1103	05/16/24		4,967,351
	5,000,000	United States Treasury Bill^(b)(c)(e)	5.1401	06/13/24		4,947,171
	7,000,000	United States Treasury Bill^(b)(c)(e)	5.0896	07/11/24		6,899,056
	9,000,000	United States Treasury Bill^(b)(c)(e)	5.0794	08/08/24		8,834,920
	5,000,000	United States Treasury Bill^(b)(c)(e)	5.0816	09/05/24		4,888,486
	13,000,000	United States Treasury Bill^(b)(c)(e)	4.9918	10/03/24		12,664,720
	5,000,000	United States Treasury Bill^(b)(c)(e)	4.9075	10/31/24		4,854,139
	20,000,000	United States Treasury Bill^(b)(c)(e)	4.8455	11/29/24		19,345,861
	41,000,000	United States Treasury Bill^(c)(e)	4.8076	12/26/24		39,521,654
	10,000,000	United States Treasury Bill^(c)(e)	4.7645	01/23/25		9,605,609
	24,100,000	United States Treasury Bill^(c)(e)	4.7835	02/20/25		23,056,048
	10,000,000	United States Treasury Bill^(b)(c)(e)	4.7524	03/20/25		9,532,684
						151,112,732
		TOTAL SHORT-TERM INVESTMENTS (Cost $207,152,030)				207,009,507

		TOTAL INVESTMENTS - 95.2% (Cost $481,455,307)			$	481,168,594
		OTHER ASSETS IN EXCESS OF LIABILITIES- 4.8%				24,207,161
		NET ASSETS - 100.0%			$	505,375,755

^(a)	Percentage rounds to less than 0.1%.

^(b)	All or a portion of this investment is a holding of the CSACS Fund Limited.

^(c)	Zero coupon bond.

^(d)	Rate disclosed is the seven day effective yield as of March 31, 2024.

^(e)	This security is segregated as Collateral for a Swap Contract.

CATALYST SYSTEMATIC ALPHA FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

TOTAL RETURN SWAP - 4.7 %

The BNP Paribas Catalyst Systematic Alpha Index (“BCKTSAXE”) is a rules based index designed to capitalize on structural inefficiencies and behavioral biases present within the equity, fixed income, and currency markets. The BCKTSAXE Index is comprised of four rules-based Index components created by BNP Paribas.*

The BNP Paribas Catalyst Systematic Alpha Commodities Index (“BCKTSACE”) is a rules based index designed to capitalize on structural inefficiencies and behavioral biases present within the commodity markets. The BCKTSACE Index is comprised of two rules-based Index components created by BNP Paribas.*

The CIBC Multi Asset Systematic Alpha Index (“CIBQMASA”) is a rules based index designed to capitalize on structural inefficiencies and behavioral biases present within the equity, fixed income, commodity and currency markets. The CIBQMASA Index is comprised of five rules-based Index components created by CIBC.**

Shares		Frequency and Reference Entity	Notional Amount	Counterparty	Maturity	Pay/Receive Fixed Rate	Upfront Payments	Unrealized Appreciation
	115,687	BNP Paribas Catalyst Systematic Alpha Non-Commodities Index	(285,991,949)	BNP Paribas	1/28/2025	0.1500%	—	$	6,100,720
	115,687	BNP Paribas Catalyst Systematic Alpha Commodities Index +	(327,749,709)	BNP Paribas	1/28/2025	0.1500%	—		17,128,740
	15,695	CIBC Multi Asset Systematic Alpha Index +	(53,324,561)	CIBC	3/31/2025	0.1000%	—		477,644
								$	23,707,103

This instrument is held by CSACS Fund Ltd.

Additional information can be found on https://marketing-indx.bnpparibas.com/casaindex/index-performance/

Additional information can be found on https://indices.cibccm.com/CIBQMASA/

CATALYST/ASPECT ENHANCED MULTI-ASSET FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 38.0%
		FIXED INCOME - 38.0%
	72,828	iShares Core U.S. Aggregate Bond ETF	$	7,132,774

		TOTAL EXCHANGE-TRADED FUNDS (Cost $7,186,185)		7,132,774

		SHORT-TERM INVESTMENTS — 45.2%
		MONEY MARKET FUNDS - 45.2%
	8,497,310	First American Treasury Obligations Fund, Class X, 5.22%^(a)(c)		8,497,310

		TOTAL SHORT-TERM INVESTMENTS (Cost $8,497,310)		8,497,310

		TOTAL INVESTMENTS - 83.2% (Cost $15,683,495)	$	15,630,084
		OTHER ASSETS IN EXCESS OF LIABILITIES - 16.8%		3,152,033
		NET ASSETS - 100.0%	$	18,782,117

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	1	3 Month Euro Euribor Future	09/15/2025	$	263,053	$	(302	)
	2	3 Month Euro Euribor Future	12/15/2025		526,564		(2,043	)
	3	3 Month Euro Euribor Future	03/16/2026		790,210		(291	)
	3	3 Month Euro Euribor Future	06/15/2026		790,413		104
	3	3 Month Euro Euribor Future	09/14/2026		790,574		(306	)
	2	CME E-Mini NASDAQ 100 Index Future	06/21/2024		738,999		7,002
	3	CME E-mini Russell 2000 Index Futures	06/21/2024		321,885		5,580
	44	CME E-Mini Standard & Poor’s 500 Index Future	06/21/2024		11,678,699		258,020
	2	CME E-Mini Standard & Poor’s MidCap 400 Index	06/21/2024		615,480		19,945
	1	CME Feeder Cattle Future^(c)	05/23/2024		124,350		(3,525	)
	2	CME Lean Hogs Future^(c)	06/14/2024		81,160		(60	)
	1	CME Lean Hogs Future^(c)	07/15/2024		41,600		160
	3	CME Live Cattle Future^(c)	06/28/2024		216,300		(5,120	)
	2	CME Live Cattle Future^(c)	08/30/2024		142,560		(3,810	)
	1	CME Live Cattle Future^(c)	10/31/2024		72,550		(1,800	)
	1	CME Nikkei 225 Index Future	06/13/2024		202,000		2,100
	1	Cocoa Future^(c)	07/16/2024		97,497		22,094
	1	Cocoa Future^(c)	09/13/2024		89,571		5,799
	4	COMEX Copper Future^(c)	05/29/2024		400,700		(8,014	)
	3	COMEX Gold 100 Troy Ounces Future^(c)	06/26/2024		671,520		10,510

CATALYST/ASPECT ENHANCED MULTI-ASSET FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

OPEN FUTURES CONTRACTS (Continued)
Number of Contracts		Open Long Futures Contracts (Continued)	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	1	COMEX Silver Future^(c)	05/29/2024	$	124,580	$	(2,845	)
	3	E-mini Dow Jones Industrial Average Index Futures	06/21/2024		602,640		14,730
	1	Eurex DAX Index Future	06/21/2024		506,365		18,570
	10	Eurex EURO STOXX 50 Future	06/21/2024		544,229		14,078
	5	Euro-BTP Italian Bond Futures	06/06/2024		641,909		5,287
	7	Euronext CAC 40 Index Future	04/19/2024		620,976		9,251
	5	FTSE 100 Index Future	06/21/2024		504,083		7,744
	3	FTSE/MIB Index Future	06/21/2024		553,398		17,015
	1	Future on STOXX Europe 600 ESG-X	06/21/2024		20,485		369
	3	ICE Brent Crude Oil Future^(c)	04/30/2024		261,000		10,460
	1	ICE Brent Crude Oil Future^(c)	05/31/2024		86,150		4,320
	2	ICE Gas Oil Future^(c)	05/10/2024		161,601		4,476
	1	ICE Gas Oil Future^(c)	06/12/2024		80,200		2,950
	3	ICE US mini MSCI EAFE Index Futures	06/21/2024		353,565		4,615
	5	ICE US MSCI Emerging Markets EM Index Futures	06/21/2024		262,250		(194	)
	7	IFSC NIFTY 50 Index Futures	04/25/2024		314,741		2,734
	1	LME Copper Future^(c)	06/17/2024		221,483		(5,058	)
	1	Long Gilt Future	06/26/2024		126,134		340
	1	MDE Crude Palm Oil Future^(c)	06/14/2024		21,847		(413	)
	1	MDE Kuala Lumpur Composite Index Future	04/30/2024		16,195		(37	)
	3	Montreal Exchange S&P/TSX 60 Index Future	06/20/2024		594,232		10,232
	1	NYBOT CSC C Coffee Future^(c)	07/19/2024		70,519		(112	)
	4	NYBOT CSC Cocoa Future^(c)	07/16/2024		372,240		75,210
	2	NYBOT CSC Cocoa Future^(c)	09/13/2024		171,960		2,410
	2	NYBOT CTN Number 2 Cotton Future^(c)	07/09/2024		91,970		(40	)
	2	NYMEX Light Sweet Crude Oil Future^(c)	04/22/2024		166,340		6,120
	1	NYMEX Light Sweet Crude Oil Future^(c)	05/21/2024		82,420		3,900
	1	NYMEX NY Harbor ULSD Futures^(c)	04/30/2024		110,153		411
	1	NYMEX NY Harbor ULSD Futures^(c)	05/31/2024		110,027		(4,091	)
	1	NYMEX Reformulated Gasoline Blendstock for Oxygen^(c)	04/30/2024		114,265		6,153
	28	OML Stockholm OMXS30 Index Future	04/19/2024		660,257		16,957
	1	OMXS30 ESG Responsible Index Futures	04/19/2024		22,603		353
	2	Robusta Coffee Future 10-Tonne^(c)	05/24/2024		69,580		6,610
	1	Robusta Coffee Future 10-Tonne^(c)	07/25/2024		33,960		(460	)
	5	SFE 90 Day Australian Bank Accepted Bills Future	06/13/2024		3,224,232		(143	)
	5	SFE S&P ASX Share Price Index 200 Future	06/20/2024		647,644		14,804
	5	SGX FTSE Taiwan Index Futures	04/29/2024		345,000		60
	2	SGX Mini Japan Government 10 Year Bond Future	06/12/2024		192,497		85
	2	SGX MSCI Singapore Index Future	04/29/2024		43,082		(111	)
	2	SGX Nikkei 225 Stock Index Future	06/13/2024		265,376		2,319
	7	Three Month SONIA Index Futures	12/17/2024		2,105,200		1,078
	1	Three Month SONIA Index Futures	06/17/2025		302,462		430
	2	Three Month SONIA Index Futures	09/16/2025		606,187		(1,180	)
	2	Three Month SONIA Index Futures	12/16/2025		607,133		(147	)
	2	Three Month SONIA Index Futures	03/17/2026		607,859		(179	)
	2	Three Month SONIA Index Futures	06/16/2026		608,364		90
	2	Three Month SONIA Index Futures	09/15/2026		608,743		377
	1	Three Month SONIA Index Futures	12/15/2026		304,513		218

CATALYST/ASPECT ENHANCED MULTI-ASSET FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

OPEN FUTURES CONTRACTS (Continued)
Number of Contracts		Open Long Futures Contracts (Continued)	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	4	TSE TOPIX (Tokyo Price Index) Future	06/13/2024	$	726,473	$	10,461
	8	TurkDEX ISE 30 Futures	04/30/2024		24,990		83
		TOTAL LONG FUTURES CONTRACTS				$	566,333

OPEN FUTURES CONTRACTS
Number of Contracts		Open Short Futures Contracts	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	2	3 Month Euro Euribor Future	03/17/2025	$	524,353	$	235
	7	3 Month Euro Euribor Future	09/16/2024		1,825,135		3,039
	5	3 Month Euro Euribor Future	12/16/2024		1,307,646		1,367
	6	Carbon Emissions Future^(c)	12/16/2024		400,000		(25,506	)
	13	CBOT 10 Year US Treasury Note	06/18/2024		1,440,359		(8,187	)
	13	CBOT 2 Year US Treasury Note Future	06/28/2024		2,658,296		790
	15	CBOT 5 Year US Treasury Note	06/28/2024		1,605,234		(4,484	)
	2	CBOT Corn Future^(c)	12/13/2024		47,775		(1,612	)
	29	CBOT Corn Future^(c)	07/12/2024		659,025		(13,025	)
	10	CBOT Soybean Future^(c)	05/14/2024		595,750		(9,712	)
	13	CBOT Soybean Meal Future^(c)	07/12/2024		443,300		4,670
	4	CBOT Soybean Oil Future^(c)	07/12/2024		116,352		1,848
	3	CBOT US Treasure Bond Futures	06/18/2024		361,313		(4,782	)
	5	CBOT Wheat Future^(c)	07/12/2024		143,938		(525	)
	8	CBOT Wheat Future^(c)	05/14/2024		224,100		6,388
	1	CME Australian Dollar Currency Future	06/17/2024		65,330		160
	1	CME Canadian Dollar Currency Future	06/18/2024		73,940		(350	)
	1	CME Euro Foreign Exchange Currency Future	06/17/2024		135,269		300
	2	CME Japanese Yen Currency Future	06/17/2024		167,137		2,318
	1	CME New Zealand Dollar Currency Future	06/17/2024		59,750		260
	1	CME Swiss Franc Currency Future	06/17/2024		139,775		713
	2	Eurex 10 Year Euro BUND Future	06/06/2024		287,767		(3,116	)
	27	Eurex 2 Year Euro SCHATZ Future	06/06/2024		3,078,640		(3,262	)
	1	Eurex 30 Year Euro BUXL Future	06/06/2024		146,494		(3,763	)
	9	Eurex 5 Year Euro BOBL Future	06/06/2024		1,148,058		(6,790	)
	22	Euronext Milling Wheat Future^(c)	05/10/2024		241,478		2,651
	6	EUX Short term Euro-BTP Futures	06/06/2024		685,307		(216	)
	5	HKG Hang Seng China Enterprises Index Future	04/29/2024		185,705		(235	)
	3	HKG Hang Seng Index Future	04/29/2024		317,558		481
	5	ICE Natural Gas Future^(c)	04/29/2024		133,123		(12,828	)
	11	KCBT Hard Red Winter Wheat Future^(c)	05/14/2024		321,887		2,525
	1	LME Lead Future^(c)	06/17/2024		51,313		(1,204	)
	3	LME Nickel Future^(c)	06/17/2024		301,326		(9,100	)
	1	LME Primary Aluminum Future^(c)	06/17/2024		58,366		(2,863	)
	1	LME Zinc Future^(c)	06/17/2024		60,879		(245	)
	3	MGE Red Wheat Future^(c)	05/14/2024		96,750		4,913
	8	Montreal Exchange 10 Year Canadian Bond Future	06/19/2024		710,799		(3,966	)
	8	Montreal Exchange 2 Year Canadian Bond Future	06/19/2024		608,881		(293	)
	2	Montreal Exchange 3 Month Canadian Bank Acceptance	12/18/2024		352,365		(201	)

CATALYST/ASPECT ENHANCED MULTI-ASSET FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

OPEN FUTURES CONTRACTS (Continued)
Number of Contracts		Open Short Futures Contracts (Continued)	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	1	Montreal Exchange 3 Month Canadian Bank Acceptance	09/16/2024	$	175,656	$	120
	1	Montreal Exchange 3 Month Canadian Bank Acceptance	03/19/2025		176,635		(7	)
	4	Montreal Exchange 5 Year Canadian Bond Future	06/19/2024		329,204		(828	)
	1	NYBOT CSC Number 11 World Sugar Future^(c)	06/28/2024		24,808		(146	)
	30	NYMEX Henry Hub Natural Gas Futures^(c)	04/26/2024		528,900		77,639
	16	NYMEX Henry Hub Natural Gas Futures^(c)	05/29/2024		319,520		24,740
	1	NYMEX Palladium Future^(c)	06/26/2024		102,150		(3,350	)
	2	NYMEX Platinum Future^(c)	07/29/2024		92,110		(1,310	)
	1	Phelix DE Base Quarter Future^(c)	06/26/2024		158,633		3,451
	3	SAFEX FTSE/JSE Top 40 Index Future	06/20/2024		109,173		(2,931	)
	5	SFE 10 Year Australian Bond Future	06/17/2024		379,825		(4,675	)
	16	SFE 3 Year Australian Bond Future	06/17/2024		1,114,705		(3,433	)
	2	SFE 90 Day Australian Bank Accepted Bills Future	03/13/2025		1,291,047		(267	)
	1	SFE 90 Day Australian Bank Accepted Bills Future	06/12/2025		645,713		(237	)
	5	SFE 90 Day Australian Bank Accepted Bills Future	12/12/2024		3,226,513		(453	)
	18	SGX FTSE China A50 Futures Contract	04/29/2024		218,160		297
	40	TEF SET50 Index Future	06/27/2024		182,726		1,730
	1	Three Month SONIA Index Futures	03/18/2025		301,658		(286	)
	4	Three-Month SOFR Futures	03/17/2026		962,450		(37	)
	6	Three-Month SOFR Futures	03/18/2025		1,431,450		4,513
	4	Three-Month SOFR Futures	12/16/2025		961,200		938
	6	Three-Month SOFR Futures	12/17/2024		1,427,025		5,638
	3	Three-Month SOFR Futures	09/15/2026		722,813		(663	)
	4	Three-Month SOFR Futures	09/16/2025		959,350		1,950
	8	Three-Month SOFR Futures	09/17/2024		1,897,300		4,862
	3	Three-Month SOFR Futures	06/16/2026		722,438		(175	)
	5	Three-Month SOFR Futures	06/17/2025		1,196,250		3,675
	5	TTF Natural Gas Base Load Monthly Futures^(c)	04/29/2024		109,714		5,048
	3	Ultra U.S. Treasury Bond Futures	06/18/2024		387,000		(9,203	)
	4	WCE Canola Future^(c)	07/12/2024		37,572		814
		TOTAL SHORT FUTURES CONTRACTS				$	23,807
		TOTAL FUTURES CONTRACTS				$	590,140

CATALYST/ASPECT ENHANCED MULTI-ASSET FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Foreign Currency	Settlement Date	Counterparty	Local Currency		U.S. Dollar Value		Unrealized Appreciation/ (Depreciation)
To Buy: (continued)
Australian Dollar	04/17/2024	Deutsche Bank		800,000	$	521,568	$	(8,395	)
Brazilian Real	04/17/2024	Deutsche Bank		6,209,533		1,236,128		(13,873	)
British Pound	04/17/2024	Deutsche Bank		800,000		1,009,769		(12,981	)
Canadian Dollar	04/17/2024	Deutsche Bank		404,312		298,588		(1,412	)
Chilean Peso	04/17/2024	Deutsche Bank		238,577,639		243,157		(6,843	)
Columbian Peso	04/17/2024	Deutsche Bank		1,182,735,626		305,453		5,453
Euro	04/17/2024	Deutsche Bank		400,000		431,792		(6,063	)
Israeli Shekel	04/17/2024	Deutsche Bank		360,087		97,975		(2,025	)
Japanese Yen	04/17/2024	Deutsche Bank		102,651,366		679,824		(20,176	)
Mexican Peso	04/17/2024	Deutsche Bank		31,358,369		1,881,260		31,257
New Zealand Dollar	04/17/2024	Deutsche Bank		450,000		268,884		(8,684	)
Peruvian Sole	04/17/2024	Deutsche Bank		367,533		98,767		(1,233	)
Philippine Peso	04/17/2024	Deutsche Bank		8,328,398		148,179		(1,821	)
Singapore Dollar	04/17/2024	Deutsche Bank		332,373		246,354		(3,646	)
South African Rand	04/17/2024	Deutsche Bank		6,557,037		345,715		(4,285	)
South Korean Won	04/17/2024	Deutsche Bank		264,742,898		196,369		(3,631	)
Swiss Franc	04/17/2024	Deutsche Bank		43,722		48,572		(1,428	)
Taiwanese Dollar	04/17/2024	Deutsche Bank		3,160,748		98,794		(1,206	)
USD	04/17/2024	Deutsche Bank		1,444,513		199,191		(809	)
Indian Rupee	04/18/2024	Deutsche Bank		16,590,097		198,860		(1,140	)
Indonesia Rupiah	05/15/2024	Deutsche Bank		780,816,376		49,131		(869	)
					$	8,604,330	$	(63,810	)

To Sell:
Australian Dollar	04/17/2024	Deutsche Bank		2,800,000	$	1,825,481	$	17,671
Brazilian Real	04/17/2024	Deutsche Bank		1,499,972		298,599		1,401
British Pound	04/17/2024	Deutsche Bank		850,000		1,072,875		1,853
Canadian Dollar	04/17/2024	Deutsche Bank		1,962,935		1,449,641		360
Chilean Peso	04/17/2024	Deutsche Bank		1,175,926,543		1,198,495		1,508
CNH	04/17/2024	Deutsche Bank		10,411,016		1,435,626		14,374
Euro	04/17/2024	Deutsche Bank		1,650,000		1,781,148		18,109
Israeli Shekel	04/17/2024	Deutsche Bank		732,755		199,373		627
Japanese Yen	04/17/2024	Deutsche Bank		644,595,482		4,268,938		81,069
Mexican Peso	04/17/2024	Deutsche Bank		5,067,241		303,996		(3,996	)
New Zealand Dollar	04/17/2024	Deutsche Bank		1,750,000		1,045,662		10,779
Peruvian Sole	04/17/2024	Deutsche Bank		373,386		100,339		(339	)
Philippine Peso	04/17/2024	Deutsche Bank		11,234,983		199,893		107
Singapore Dollar	04/17/2024	Deutsche Bank		1,069,353		792,612		7,389
South African Rand	04/17/2024	Deutsche Bank		7,567,142		398,970		1,030
South Korean Won	04/17/2024	Deutsche Bank		930,134,949		689,916		10,085
Swiss Franc	04/17/2024	Deutsche Bank		2,089,236		2,321,006		28,997
Taiwanese Dollar	04/17/2024	Deutsche Bank		17,339,031		541,959		8,042
Thailand Baht	04/17/2024	Deutsche Bank		5,304,090		145,498		4,502
Indian Rupee	04/18/2024	Deutsche Bank		16,653,385		199,620		380
Indonesia Rupiah	05/15/2024	Deutsche Bank		4,718,981,743		296,927		3,074
					$	20,566,574	$	207,022

Total							$	143,212

CATALYST/ASPECT ENHANCED MULTI-ASSET FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Foreign Currency		Settlement Date	Counterparty	Local Currency Amount Purchased Sell		Local Currency Amount Purchased Sell		U.S. Dollar Market Value Buy		U.S. Dollar Market Value Sell			Unrealized Appreciation/ (Depreciation)
To Buy:	To Sell:
British Pound	Euro	4/17/2024	Deutsche Bank		2,390,290		2,800,000		3,017,067		(3,022,561	)	$	(5,494	)
Czech Koruna	Euro	4/17/2024	Deutsche Bank		2,524,717		100,000		107,642		(107,948	)		(306	)
Euro	British Pound	4/17/2024	Deutsche Bank		600,000		514,809		647,688		(649,801	)		(2,113	)
Euro	Czech Koruna	4/17/2024	Deutsche Bank		750,000		19,051,487		809,615		(812,270	)		(2,655	)
Euro	Hungarian Forints	4/17/2024	Deutsche Bank		950,000		377,105,960		1,025,506		(1,031,999	)		(6,493	)
Euro	Japanese Yen	4/17/2024	Deutsche Bank		4,600,000		743,813,480		4,965,632		(4,926,027	)		39,605
Euro	Norwegian Krone	4/17/2024	Deutsche Bank		2,000,000		23,137,940		2,158,963		(2,132,015	)		26,948
Euro	Polish Zloty	4/17/2024	Deutsche Bank		200,000		859,884		215,896		(215,223	)		673
Euro	Swedish Krona	4/17/2024	Deutsche Bank		900,000		10,273,567		971,532		(960,277	)		11,255
Euro	Swiss Franc	4/17/2024	Deutsche Bank		1,950,000		1,884,661		2,104,986		(2,093,740	)		11,246
Hungarian Forints	Euro	4/17/2024	Deutsche Bank		198,503,750		500,000		543,234		(539,744	)		3,490
Japanese Yen	Euro	4/17/2024	Deutsche Bank		128,320,581		800,000		849,822		(863,584	)		(13,762	)
Norwegian Krone	Euro	4/17/2024	Deutsche Bank		2,855,998		250,000		263,162		(269,870	)		(6,708	)
Polish Zloty	Euro	4/17/2024	Deutsche Bank		9,491,972		2,200,000		2,375,781		(2,374,867	)		914
Swedish Krona	Euro	4/17/2024	Deutsche Bank		12,310,107		1,100,000		1,150,635		(1,187,435	)		(36,800	)
Swiss Franc	Euro	4/17/2024	Deutsche Bank		287,947		300,000		319,893		(323,847	)		(3,954	)

					368,635,362		1,184,691,788	$	21,527,054	$	21,511,208		$	15,846

Total													$	159,058

^(a)

Rate disclosed is the seven day effective yield as of March 31, 2024.

^(b)

The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund’s futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.

^(c)

All or a portion of this investment is a holding of the CAEMAF Fund Limited.

CATALYST ENERGY INFRASTRUCTURE

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 99.8%
		OIL & GAS PRODUCERS - 99.8%
	161,786	Cheniere Energy, Inc.	$	26,092,845
	128,555	DT Midstream, Inc.		7,854,711
	338,411	Enbridge, Inc.		12,243,710
	1,665,807	Energy Transfer, L.P.		26,203,145
	929,643	EnLink Midstream, LLC		12,680,331
	397,318	Enterprise Products Partners, L.P.		11,593,739
	298,710	Gibson Energy, Inc.		5,085,758
	164,197	Hess Midstream, L.P., Class A		5,932,438
	212,964	Keyera Corporation		5,485,975
	344,523	Kinder Morgan, Inc.		6,318,552
	221,593	Kinetik Holdings, Inc.		8,834,913
	247,765	MPLX, L.P.		10,297,113
	3,363,429	NextDecade Corporation^(a)		19,104,276
	160,156	ONEOK, Inc.		12,839,707
	319,837	Pembina Pipeline Corporation		11,303,040
	707,565	Plains GP Holdings, L.P., Class A		12,913,061
	146,894	Targa Resources Corporation		16,450,658
	299,318	TC Energy Corporation		12,032,584
	328,920	Western Midstream Partners, L.P.		11,693,106
	732,072	Williams Companies, Inc. (The)		28,528,845
				263,488,507

		TOTAL COMMON STOCKS (Cost $196,412,809)		263,488,507

		SHORT-TERM INVESTMENT — 0.1%
		MONEY MARKET FUND - 0.1%
	312,614	First American Treasury Obligations Fund, Class X, 5.22% (Cost $312,614)^(b)		312,614

		TOTAL INVESTMENTS - 99.9% (Cost $196,725,423)	$	263,801,121
		OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1%		167,734
		NET ASSETS - 100.0%	$	263,968,855

LLC	- Limited Liability Company

LP	- Limited Partnership

^(a)	Non-income producing security.

^(b)	Rate disclosed is the seven day effective yield as of March 31, 2024.

CATALYST NASDAQ-100 HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 74.0%
		ADVERTISING & MARKETING - 0.2%
	432	Trade Desk, Inc. (The), Class A^(a)	$	37,765

		AUTOMOTIVE - 1.8%
	1,816	Tesla, Inc.^(a),(b)		319,235

		BEVERAGES - 2.0%
	440	Coca-Cola Europacific Partners PLC		30,778
	1,337	Keurig Dr Pepper, Inc.		41,006
	989	Monster Beverage Corporation^(a)		58,628
	1,304	PepsiCo, Inc.		228,212
				358,624
		BIOTECH & PHARMA - 3.1%
	503	Amgen, Inc.^(b)		143,013
	541	AstraZeneca PLC - ADR		36,653
	138	Biogen, Inc.^(a)		29,757
	1,174	Gilead Sciences, Inc.^(b)		85,996
	373	Moderna, Inc.^(a),(b)		39,747
	101	Regeneron Pharmaceuticals, Inc.^(a)		97,211
	243	Vertex Pharmaceuticals, Inc.^(a)		101,576
				533,953
		CABLE & SATELLITE - 1.3%
	140	Charter Communications, Inc., Class A^(a),(b)		40,688
	3,816	Comcast Corporation, Class A		165,424
	3,658	Sirius XM Holdings, Inc.^(b)		14,193
				220,305
		COMMERCIAL SUPPORT SERVICES - 0.4%
	96	Cintas Corporation		65,955

		DIVERSIFIED INDUSTRIALS- 0.7%
	625	Honeywell International, Inc.		128,281

		E-COMMERCE DISCRETIONARY - 4.7%
	3,811	Amazon.com, Inc.^(a)		687,428
	53	MercadoLibre, Inc.^(a)		80,134

CATALYST NASDAQ-100 HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 74.0% (Continued)
		E-COMMERCE DISCRETIONARY - 4.7% (Continued)
	633	PDD Holdings, Inc. - ADR^(a)	$	73,586
				841,148
		ELECTRIC UTILITIES - 0.9%
	499	American Electric Power Company, Inc.		42,964
	307	Constellation Energy Corporation		56,749
	946	Exelon Corporation		35,541
	525	Xcel Energy, Inc.		28,219
				163,473
		ENTERTAINMENT CONTENT - 0.5%
	258	Electronic Arts, Inc.^(b)		34,229
	163	Take-Two Interactive Software, Inc.^(a)		24,204
	2,563	Warner Bros Discovery, Inc.^(a),(b)		22,375
				80,808
		FOOD - 0.8%
	1,174	Kraft Heinz Company (The)		43,321
	1,296	Mondelez International, Inc., Class A		90,720
				134,041
		INDUSTRIAL SUPPORT SERVICES - 0.2%
	545	Fastenal Company		42,041

		INTERNET MEDIA & SERVICES - 10.2%
	420	Airbnb, Inc., Class A^(a)		69,283
	2,187	Alphabet, Inc., Class A^(a)		330,083
	2,114	Alphabet, Inc., Class C^(a)		321,878
	37	Booking Holdings, Inc.		134,232
	351	DoorDash, Inc., Class A^(a)		48,340
	1,297	Meta Platforms, Inc., Class A		629,797
	420	Netflix, Inc.^(a)		255,079
				1,788,692
		LEISURE FACILITIES & SERVICES - 1.0%
	277	Marriott International, Inc., Class A^(b)		69,890
	1,077	Starbucks Corporation		98,427
				168,317

CATALYST NASDAQ-100 HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 74.0% (Continued)
		MEDICAL EQUIPMENT & DEVICES - 1.6%
	370	DexCom, Inc.^(a)	$	51,319
	424	GE HealthCare Technologies, Inc.^(b)		38,546
	79	IDEXX Laboratories, Inc.^(a)		42,654
	152	Illumina, Inc.^(a)		20,873
	335	Intuitive Surgical, Inc.^(a)		133,695
				287,087
		OIL & GAS PRODUCERS - 0.2%
	170	Diamondback Energy, Inc.		33,688

		OIL & GAS SERVICES & EQUIPMENT - 0.2%
	947	Baker Hughes Company		31,725

		RETAIL - CONSUMER STAPLES - 2.0%
	420	Costco Wholesale Corporation		307,705
	207	Dollar Tree, Inc.^(a)		27,562
	815	Walgreens Boots Alliance, Inc.^(b)		17,677
				352,944
		RETAIL - DISCRETIONARY - 0.9%
	114	Lululemon Athletica, Inc.^(a),(b)		44,534
	56	O’Reilly Automotive, Inc.^(a)		63,218
	320	Ross Stores, Inc.		46,963
				154,715
		SEMICONDUCTORS - 17.6%
	1,589	Advanced Micro Devices, Inc.^(a)		286,799
	474	Analog Devices, Inc.		93,752
	802	Applied Materials, Inc.		165,396
	84	ASML Holding N.V. - ADR		81,519
	445	Broadcom, Inc.		589,807
	528	GLOBALFOUNDRIES, Inc.^(a),(b)		27,514
	3,986	Intel Corporation		176,062
	131	KLA Corporation		91,513
	127	Lam Research Corporation		123,389
	839	Marvell Technology, Inc.		59,468
	521	Microchip Technology, Inc.		46,739

CATALYST NASDAQ-100 HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 74.0% (Continued)
		SEMICONDUCTORS - 17.6% (Continued)
	1,050	Micron Technology, Inc.	$	123,785
	892	NVIDIA Corporation		805,976
	245	NXP Semiconductors N.V.		60,704
	418	ON Semiconductor Corporation^(a)		30,744
	1,057	QUALCOMM, Inc.		178,950
	871	Texas Instruments, Inc.		151,737
				3,093,854
		SOFTWARE -12.5%
	420	Adobe, Inc.^(a)		211,932
	83	ANSYS, Inc.^(a)		28,814
	147	Atlassian Corporation, Class A^(a)		28,681
	202	Autodesk, Inc.^(a)		52,605
	262	Cadence Design Systems, Inc.^(a)		81,555
	214	Crowdstrike Holdings, Inc., Class A^(a)		68,606
	289	Datadog, Inc., Class A^(a)		35,720
	723	Fortinet, Inc.^(a)		49,388
	263	Intuit, Inc.		170,950
	2,755	Microsoft Corporation		1,159,085
	67	MongoDB, Inc.^(a),(b)		24,029
	284	Palo Alto Networks, Inc.^(a)		80,693
	101	Roper Technologies, Inc.		56,645
	146	Synopsys, Inc.^(a),(b)		83,439
	198	Workday, Inc., Class A^(a)		54,005
	134	Zscaler, Inc.^(a)		25,812
				2,211,959
		TECHNOLOGY HARDWARE - 6.8%
	5,790	Apple, Inc.		992,869
	3,838	Cisco Systems, Inc.		191,555
				1,184,424
		TECHNOLOGY SERVICES - 2.0%
	391	Automatic Data Processing, Inc.		97,648
	128	CDW Corporation		32,740
	477	Cognizant Technology Solutions Corporation, Class A		34,959
	380	CoStar Group, Inc.^(a)		36,708

CATALYST NASDAQ-100 HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 74.0% (Continued)
		TECHNOLOGY SERVICES - 2.0% (Continued)
	344	Paychex, Inc.	$	42,243
	1,011	PayPal Holdings, Inc.^(a)		67,727
	135	Verisk Analytics, Inc.^(b)		31,824
				343,849
		TELECOMMUNICATIONS -1.0%
	1,098	T-Mobile US, Inc.^(b)		179,216

		TRANSPORTATION & LOGISTICS- 0.7%
	1,870	CSX Corporation		69,321
	206	Old Dominion Freight Line, Inc.^(b)		45,178
				114,499
		TRANSPORTATION EQUIPMENT- 0.4%
	499	PACCAR, Inc.		61,821

		WHOLESALE - DISCRETIONARY - 0.3%
	895	Copart, Inc.^(a)		51,838

		TOTAL COMMON STOCKS (Cost $10,322,610)		12,984,257

		EXCHANGE-TRADED FUNDS - 12.7%
		EQUITY - 12.7%
	5,028	Invesco QQQ Trust Series 1^(b)		2,232,482
		TOTAL EXCHANGE-TRADED FUNDS (Cost $1,871,629)

		SHORT-TERM INVESTMENTS- 24.3%
		COLLATERAL FOR SECURITIES LOANED - 18.1%
	3,181,584	Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (Cost $3,181,584)^(c),(d)		3,181,584

CATALYST NASDAQ-100 HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		SHORT-TERM INVESTMENTS — 24.3% (Continued)
		MONEY MARKET FUND - 6.2%
	1,079,010	First American Treasury Obligations Fund, Class X, 5.22% (Cost $1,079,010)^(d)	$	1,079,010

		TOTAL SHORT-TERM INVESTMENTS (Cost $4,260,594)		4,260,594

Contracts^(e)			Counterparty	Expiration Date	Exercise Price		Notional Value
		FUTURE OPTIONS PURCHASED - 0.4%
		PUT OPTIONS PURCHASED - 0.4%
	74	S&P E-mini 3rd Week Future	WED	04/19/2024	$	5,200	$	19,641,450	$	76,775
		TOTAL FUTURE OPTIONS PURCHASED (Cost - $254,376)

		TOTAL INVESTMENTS- 111.4% (Cost $16,709,209)							$	19,554,108
		CALL OPTIONS WRITTEN - 0.0%^(f) (Proceeds - $6,383)								(2,498	)
		PUT OPTIONS WRITTEN - 0.0%^(f) (Proceeds - $41,625)								(6,753	)
		LIABILITIES IN EXCESS OF OTHER ASSETS - (11.4)%								(2,001,520	)
		NET ASSETS - 100.0%							$	17,543,337

Contracts^(e)			Counterparty	Expiration Date	Exercise Price		Notional Value		Fair Value
		WRITTEN FUTURE OPTIONS - (0.0)%^(f)
		CALL OPTIONS WRITTEN - (0.0)%^(f)
	37	S&P E-mini 3rd Week Future	WED	04/19/2024	$	5,550	$	9,820,725	$	2,498
		TOTAL CALL OPTIONS WRITTEN (Proceeds - $6,383)

		PUT OPTIONS WRITTEN - (0.0)%^(f)
	37	S&P E-mini 3rd Week Future	WED	04/19/2024		4,900		9,820,725		6,753
		TOTAL PUT OPTIONS WRITTEN (Proceeds - $41,625)

		TOTAL FUTURE OPTIONS WRITTEN (Proceeds - $48,008)							$	9,251

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount^(g)		Value and Unrealized Appreciation (Depreciation)
	101	CBOE Volatility Index Future	06/18/2024	$	1,630,999	$	(73,570	)
	45	CBOE Volatility Index Future	07/17/2024		761,315		(1,615)
	2	CME E-Mini NASDAQ 100 Index Future	06/21/2024		739,000		5,620
		TOTAL LONG FUTURES CONTRACTS				$	(69,565	)

CATALYST NASDAQ-100 HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

OPEN FUTURES CONTRACTS (Continued)
Number of Contracts		Open Short Futures Contracts	Expiration	Notional Amount^(g)		Value and Unrealized Appreciation (Depreciation)
	126	CBOE Volatility Index Future	04/17/2024	$	1,810,457	$	68,604
		TOTAL SHORT FUTURES CONTRACTS

		TOTAL FUTURES CONTRACTS				$	(961	)

ADR	- American Depositary Receipt

LLC	- Limited Liability Company

N.V.	- Naamioze Vennootschap

PLC	- Public Limited Company

WED	- Wedbush Securities

^(a)	Non-income producing security.

^(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2024, was $3,114,673.

^(c)	Security was purchased with cash received as collateral for securities on loan at March 31, 2024. Total collateral had a value of $3,181,584 at March 31, 2024.

^(d)	Rate disclosed is the seven-day effective yield as of March 31, 2024.

^(e)	Each contract is equivalent to one futures contract.

^(f)	Percentage rounds to greater than (0.1%).

^(g)	The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of and are not necessarily indicative of the future cash flows of the Fund’s futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affect the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.

CATALYST/MAP GLOBAL EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 91.7%
		AEROSPACE & DEFENSE - 1.6%
	65,840	Kratos Defense & Security Solutions, Inc.^(a)	$	1,210,139

		APPAREL & TEXTILE PRODUCTS - 0.3%
	600	Kering S.A.^(b)		237,120

		ASSET MANAGEMENT - 1.5%
	14,800	Groupe Bruxelles Lambert N.V.		1,118,542

		BEVERAGES - 3.4%
	5,069	Diageo plc - ADR		753,963
	4,950,000	Thai Beverage PCL		1,796,387
				2,550,350

		BIOTECH & PHARMA - 11.7%
	9,900	Johnson & Johnson		1,566,081
	25,002	Novartis A.G. - ADR		2,418,443
	59,750	Sanofi - ADR		2,903,851
	143,000	Takeda Pharmaceutical Company Ltd. - ADR		1,986,270
				8,874,645
		CHEMICALS - 2.2%
	51,000	Mosaic Company (The)		1,655,460

		CONSTRUCTION MATERIALS - 5.6%
	25,180	Holcim A.G.^(b)		2,280,004
	79,010	MDU Resources Group, Inc.		1,991,052
				4,271,056

		E-COMMERCE DISCRETIONARY - 1.7%
	25,853	eBay, Inc.		1,364,521

		ENGINEERING & CONSTRUCTION - 4.1%
	16,925	Tetra Tech, Inc.		3,126,217

		ENTERTAINMENT CONTENT - 6.1%
	5,919	Electronic Arts, Inc.		785,274
	256,280	Vivendi S.A.^(b)		2,792,263

CATALYST/MAP GLOBAL EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 91.7% (Continued)
		ENTERTAINMENT CONTENT - 6.1% (Continued)
	16,000	Vivendi S.A. - ADR	$	173,440
	7,617	Walt Disney Company (The)		932,016
				4,682,993
		FOOD - 3.9%
	169,700	GrainCorp Ltd.		911,200
	19,550	Nestle S.A. - ADR		2,076,210
				2,987,410
		GAS & WATER UTILITIES - 3.4%
	28,270	National Fuel Gas Company		1,518,664
	43,000	UGI Corporation		1,055,220
				2,573,884
		HOUSEHOLD PRODUCTS - 2.9%
	112,900	Reckitt Benckiser Group plc - ADR		1,283,673
	18,960	Unilever plc - ADR		951,602
				2,235,275
		INTERNET MEDIA & SERVICES - 3.5%
	5,428	Meta Platforms, Inc., Class A		2,635,728

		LEISURE FACILITIES & SERVICES - 0.8%
	5,500	Live Nation Entertainment, Inc.^(a)		581,735

		MEDICAL EQUIPMENT & DEVICES - 2.7%
	24,000	Medtronic PLC		2,091,600

		METALS & MINING - 3.0%
	24,900	Freeport-McMoRan, Inc.		1,170,798
	188,340	Grupo Mexico S.A.B. de C.V. - Series B		1,111,741
				2,282,539
		OIL & GAS PRODUCERS - 3.1%
	14,000	BP PLC - ADR		527,520
	11,827	Chevron Corporation		1,865,591
				2,393,111

CATALYST/MAP GLOBAL EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 91.7% (Continued)
		RETAIL - CONSUMER STAPLES - 2.9%
	36,819	Walmart, Inc.	$	2,215,399

		RETAIL - DISCRETIONARY - 1.1%
	2,104	Home Depot, Inc. (The)		807,094

		SEMICONDUCTORS - 5.5%
	9,854	Applied Materials, Inc.		2,032,191
	24,898	Intel Corporation		1,099,745
	9,519	Micron Technology, Inc.		1,122,195
				4,254,131
		SOFTWARE - 4.6%
	8,310	Microsoft Corporation		3,496,183

		TECHNOLOGY HARDWARE - 4.7%
	8,022	Apple, Inc.		1,375,613
	44,810	Cisco Systems, Inc.		2,236,467
				3,612,080
		TECHNOLOGY SERVICES - 0.8%
	8,688	Fidelity National Information Services, Inc.		644,476

		TELECOMMUNICATIONS - 3.6%
	62,300	AT&T, Inc.		1,096,480
	142,000	Orange S.A. - ADR		1,671,340
				2,767,820
		TOBACCO & CANNABIS - 3.3%
	18,800,000	Hanjaya Mandala Sampoerna Tbk P.T.		1,019,034
	67,000	Imperial Brands plc - ADR		1,514,200
				2,533,234
		WHOLESALE - CONSUMER STAPLES - 3.7%
	27,560	Bunge Global S.A.		2,825,452

		TOTAL COMMON STOCKS (Cost $54,295,630)		70,028,194

CATALYST/MAP GLOBAL EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 6.8%
		COMMODITY - 3.8%
	65,000	SPDR Gold MiniShares Trust^(a)	$	2,863,250

		FIXED INCOME - 3.0%
	25,000	SPDR Bloomberg 1-3 Month T-Bill ETF		2,295,000

		TOTAL EXCHANGE-TRADED FUNDS (Cost $4,772,061)		5,158,250

		SHORT-TERM INVESTMENT — 1.2%
		MONEY MARKET FUND - 1.2%
	950,321	First American Treasury Obligations Fund, Class X, 5.22% (Cost $950,321)^(c)		950,321

		TOTAL INVESTMENTS - 99.7% (Cost $60,018,012)	$	76,136,765
		CALL OPTIONS WRITTEN - (0.1)% (Premiums received - $54,316)		(74,882	)
		OTHER ASSETS IN EXCESS OF LIABILITIES - 0.4%		278,937
		NET ASSETS - 100.0%	$	76,340,820

Contracts^(d)			Counterparty	Expiration Date	Exercise Price		Notional Value		Fair Value
		WRITTEN EQUITY OPTIONS - (0.1)%
		CALL OPTIONS WRITTEN - (0.1)%
	258	eBay, Inc.	PER	07/19/2024	$	55	$	1,361,724	$	59,082
	200	Kratos Defense & Security Solutions, Inc.	PER	08/16/2024		23		367,600		15,800
		TOTAL CALL OPTIONS WRITTEN (Proceeds - $54,316)								74,882


		TOTAL EQUITY OPTIONS WRITTEN (Proceeds - $54,316)							$	74,882

ADR	- American Depositary Receipt

ETF	- Exchange-Traded Fund

LTD	- Limited Company

PLC	- Public Limited Company

S.A.	- Société Anonyme

SPDR	- Standard & Poor’s Depositary Receipt

PER	- Pershing LLC

^(a)	Non-income producing security.

^(b)	The value of this security has been determined in good faith under policies of the Board of Trustees.

^(c)	Rate disclosed is the seven day effective yield as of March 31, 2024.

^(d)	Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

CATALYST/LYONS TACTICAL ALLOCATION FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 85.6%
		AEROSPACE & DEFENSE - 2.8%
	2,333	Lockheed Martin Corporation	$	1,061,212

		APPAREL & TEXTILE PRODUCTS - 4.4%
	11,647	Crocs, Inc.^(a)		1,674,839

		CHEMICALS - 3.3%
	21,696	Dow, Inc.		1,256,849

		COMMERCIAL SUPPORT SERVICES - 3.5%
	6,308	Waste Management, Inc.		1,344,550

		ELECTRICAL EQUIPMENT - 3.9%
	3,043	Lennox International, Inc.		1,487,297

		HEALTH CARE FACILITIES & SERVICES - 13.4%
	5,450	Cencora, Inc.		1,324,296
	2,013	Chemed Corporation		1,292,205
	4,498	HCA Healthcare, Inc.		1,500,218
	1,962	UnitedHealth Group, Inc.		970,601
				5,087,320
		INDUSTRIAL SUPPORT SERVICES - 4.1%
	1,516	WW Grainger, Inc.		1,542,226

		LEISURE FACILITIES & SERVICES - 6.8%
	7,272	Darden Restaurants, Inc.		1,215,515
	5,448	Marriott International, Inc., Class A		1,374,585
				2,590,100
		OIL & GAS PRODUCERS - 5.7%
	8,765	ConocoPhillips		1,115,609
	8,099	EOG Resources, Inc.		1,035,376
				2,150,985
		RETAIL - CONSUMER STAPLES - 7.2%
	1,871	Costco Wholesale Corporation		1,370,751

CATALYST/LYONS TACTICAL ALLOCATION FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 85.6% (Continued)
		RETAIL - CONSUMER STAPLES - 7.2% (Continued)
	8,739	Dollar General Corporation	$	1,363,808
				2,734,559
		RETAIL - DISCRETIONARY - 14.1%
	428	AutoZone, Inc.^(a)		1,348,906
	3,681	Home Depot, Inc. (The)		1,412,032
	7,324	Penske Automotive Group, Inc.		1,186,415
	2,688	Ulta Beauty, Inc.^(a)		1,405,501
				5,352,854
		SOFTWARE - 3.5%
	3,065	Microsoft Corporation		1,289,507

		STEEL - 4.0%
	10,357	Steel Dynamics, Inc.		1,535,218

		TECHNOLOGY HARDWARE - 2.7%
	6,036	Apple, Inc.		1,035,053

		TECHNOLOGY SERVICES - 3.2%
	6,027	Broadridge Financial Solutions, Inc.		1,234,691

		TRANSPORTATION & LOGISTICS - 3.0%
	9,526	Expeditors International of Washington, Inc.		1,158,076

		TOTAL COMMON STOCKS (Cost $26,009,395)		32,535,336

		SHORT-TERM INVESTMENT — 14.4%
		MONEY MARKET FUND - 14.4%
	5,487,010	First American Treasury Obligations Fund, Class X, 5.22% (Cost $5,487,010)^(b)		5,487,010

		TOTAL INVESTMENTS - 100.0% (Cost $31,496,405)	$	38,022,346
		OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0%		13,754
		NET ASSETS - 100.0%	$	38,036,100

^(a)	Non-income producing security.

^(b)	Rate disclosed is the seven day effective yield as of March 31, 2024.

CATALYST/MAP GLOBAL BALANCED FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 50.6%
		ASSET MANAGEMENT - 1.7%
	3,368	Groupe Bruxelles Lambert N.V.	$	254,544

		BEVERAGES - 2.6%
	1,048,000	Thai Beverage PCL		380,326

		BIOTECH & PHARMA - 8.5%
	1,960	Johnson & Johnson		310,052
	2,516	Novartis A.G. - ADR		243,373
	7,528	Sanofi S.A. - ADR		365,860
	26,000	Takeda Pharmaceutical Company Ltd. - ADR		361,140
				1,280,425
		CHEMICALS - 0.9%
	4,190	Mosaic Company		136,007

		CONSTRUCTION MATERIALS - 3.5%
	3,930	Holcim A.G.^(a)		355,855
	7,000	MDU Resources Group, Inc.		176,400
				532,255
		E-COMMERCE DISCRETIONARY - 1.3%
	3,500	eBay, Inc.^(b)		184,730

		ENGINEERING & CONSTRUCTION - 1.3%
	1,057	Tetra Tech, Inc.		195,238

		ENTERTAINMENT CONTENT- 2.7%
	37,700	Vivendi S.E. ^(a)		410,755

		FOOD - 2.4%
	3,533	Nestle S.A. - ADR		375,205

		GAS & WATER UTILITIES - 3.3%
	5,575	National Fuel Gas Company		299,489
	7,920	UGI Corporation		194,357
				493,846

CATALYST/MAP GLOBAL BALANCED FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS - 50.6% (Continued)
		HOUSEHOLD PRODUCTS - 1.3%
	3,800	Unilever PLC - ADR	$	190,722

		INTERNET MEDIA & SERVICES - 0.5%
	153	Meta Platforms, Inc., Class A		74,294

		MEDICAL EQUIPMENT & DEVICES - 1.0%
	1,800	Medtronic PLC		156,870

		METALS & MINING - 0.5%
	12,000	Grupo Mexico S.A.B. de C.V. - Series B		70,834

		OIL & GAS PRODUCERS - 1.0%
	1,000	Chevron Corporation		157,740

		RETAIL - DISCRETIONARY - 0.8%
	323	Home Depot, Inc.		123,903

		SEMICONDUCTORS - 2.6%
	1,000	Applied Materials, Inc.		206,230
	1,630	Micron Technology, Inc.		192,161
				398,391
		SOFTWARE - 3.6%
	1,275	Microsoft Corporation		536,418

		TECHNOLOGY HARDWARE - 2.3%
	6,825	Cisco Systems, Inc.		340,636

		TELECOMMUNICATIONS - 2.7%
	5,000	AT&T, Inc.		88,000
	26,340	Orange S.A. - ADR		310,022
				398,022
		TOBACCO & CANNABIS - 3.7%
	3,991,700	Hanjaya Mandala Sampoerna Tbk P.T.		216,366

CATALYST/MAP GLOBAL BALANCED FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 50.6% (Continued)
		TOBACCO & CANNABIS - 3.7% (Continued)
	15,000	Imperial Brands PLC - ADR	$	339,000
				555,366
		WHOLESALE - CONSUMER STAPLES - 2.4%
	3,502	Bunge Global S.A.		359,025

		TOTAL COMMON STOCKS (Cost $6,514,449)		7,605,552

		EXCHANGE-TRADED FUNDS — 2.5%
		COMMODITY - 2.5%
	8,500	SPDR Gold MiniShares Trust^(c)		374,425

		TOTAL EXCHANGE-TRADED FUNDS (Cost $314,458)

Principal			Coupon Rate
Amount($)			(%)	Maturity
		CORPORATE BONDS — 27.6%
		AEROSPACE & DEFENSE — 1.3%
	200,000	Howmet Aerospace, Inc.	6.8750	05/01/25	202,376

		AUTOMOTIVE — 4.0%
	250,000	Ford Motor Credit Company, LLC	4.1340	08/04/25	244,477
	200,000	Honda Motor Company Ltd.	2.5340	03/10/27	187,581
	175,000	Magna International, Inc.	3.6250	06/15/24	174,127
					606,185
		CHEMICALS — 4.1%
	250,000	Methanex Corporation	4.2500	12/01/24	248,019
	222,000	Nutrien Ltd.	5.9000	11/07/24	222,296
	150,000	Nutrien Ltd.	3.0000	04/01/25	146,323
					616,638
		CONTAINERS & PACKAGING — 1.2%
	175,000	Ball Corporation	5.2500	07/01/25	175,249

CATALYST/MAP GLOBAL BALANCED FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal			Coupon Rate
Amount($)			(%)	Maturity	Fair Value
		CORPORATE BONDS — 27.6% (Continued)
		ELECTRIC UTILITIES — 0.6%
	100,000	DTE Energy Company	1.0500	06/01/25	$	94,995

		HOME CONSTRUCTION — 1.3%
	200,000	TRI Pointe Group, Inc./ TRI Pointe Homes, Inc.	5.8750	06/15/24		199,885

		LEISURE FACILITIES & SERVICES — 2.0%
	300,000	Las Vegas Sands Corporation	3.2000	08/08/24		296,867

		OIL & GAS PRODUCERS — 1.4%
	218,000	Occidental Petroleum Corporation	2.9000	08/15/24		215,624

		SEMICONDUCTORS — 0.8%
	125,000	NXP BV / NXP Funding, LLC / NXP USA, Inc.	2.7000	05/01/25		121,341

		STEEL — 1.3%
	200,000	ArcelorMittal S.A.	3.6000	07/16/24		198,572

		TECHNOLOGY HARDWARE — 3.4%
	225,000	NetApp, Inc.	1.8750	06/22/25		215,288
	300,000	Seagate HDD Cayman	4.7500	01/01/25		297,463
						512,751
		TOBACCO & CANNABIS — 2.7%
	250,000	BAT International Finance PLC	1.6680	03/25/26		232,923
	175,000	Reynolds American, Inc.	4.4500	06/12/25		172,756
						405,679
		TRANSPORTATION & LOGISTICS — 3.5%
	325,000	Canadian Pacific Railway Company	1.3500	12/02/24		316,123
	200,000	Ryder System, Inc.	4.6250	06/01/25		198,079
						514,202

		TOTAL CORPORATE BONDS (Cost $4,154,222)				4,160,364

CATALYST/MAP GLOBAL BALANCED FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal			Coupon Rate
Amount($)			(%)	Maturity	Fair Value
		U.S. GOVERNMENT & AGENCIES — 9.2%
		U.S. TREASURY NOTES — 9.2%
	1,000,000	United States Treasury Note	0.3750	07/15/24	$	985,864
	405,000	United States Treasury Note	2.5000	01/31/25		396,394
		TOTAL U.S. GOVERNMENT & AGENCIES (Cost $1,384,431)				1,382,258

		CERTIFICATE OF DEPOSIT — 8.0%
		BANKING - 8.0%
	125,000	American Express National Bank	5.2500	03/24/25		125,161
	175,000	Charles Schwab Bank SSB	5.4000	09/23/24		174,835
	220,000	Comerica Bank-Texas	5.2500	09/30/24		219,905
	220,000	Customers Bank	5.2500	07/01/24		219,923
	235,000	Hancock Whitney Bank/Gulfport MS	5.2500	05/24/24		234,901
	230,000	S&T Bank	5.3000	06/14/24		229,882
		TOTAL CERTIFICATE OF DEPOSIT (Cost $1,205,000)				1,204,607

Shares
		SHORT-TERM INVESTMENT — 1.5%
		MONEY MARKET FUND - 1.5%
	221,286	First American Treasury Obligations Fund, Class X, 5.22% (Cost $221,286)^(d)		221,286

		TOTAL INVESTMENTS - 99.4% (Cost $13,793,846)	$	14,948,492
		CALL OPTIONS WRITTEN - (0.1)% (Proceeds - $4,933)		(8,015	)
		OTHER ASSETS IN EXCESS OF LIABILITIES - 0.7%		108,341
		NET ASSETS - 100.0%	$	15,048,818

CATALYST/MAP GLOBAL BALANCED FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Contracts^(e)

Counterparty

Expiration
Date

Exercise
Price

Notional
Value

Fair Value

WRITTEN EQUITY OPTIONS - (0.1)%

CALL OPTIONS WRITTEN- (0.1)%

eBay, Inc.

PER

07/19/2024

184,730

8,015

TOTAL CALL OPTIONS WRITTEN (Proceeds - $4,933)

ADR	- American Depositary Receipt

A.G.	- Aktiengesellschaft

LLC	- Limited Liability Company

Ltd.	- Limited Company

N.V.	- Naamioze Vennootschap

PER	- Pershing

PLC	- Public Limited Company

P.T.	- Perseroan Terbatas

S.A.	- Société Anonyme

S.E.	- Societas Europea

SPDR	- Standard & Poor’s Depositary Receipt

^(a)	The value of this security has been determined in good faith under policies of the Board of Trustees.

^(b)	All or a portion of this security is segregated as collateral for and is subject to call options written.

^(c)	Non-income producing security.

^(d)	Rate disclosed is the seven-day effective yield as of March 31, 2024.

^(e)	Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 51.1%
		EQUITY - 51.1%
	1,778,007	Dimensional Emerging Core Equity Market ETF	$	43,952,333
	1,552,392	Dimensional International Core Equity 2 ETF		41,526,486
	3,025,783	Dimensional US Core Equity 2 ETF		96,673,767
	1,043,052	Dimensional US High Profitability ETF		32,970,874
	7,306,979	iShares Core S&P Mid-Cap ETF		443,825,904
	2,121,096	iShares Core S&P Small-Cap ETF		234,423,530
	724,113	iShares MSCI Australia ETF		17,856,627
	530,401	iShares MSCI Brazil ETF		17,195,600
	479,996	iShares MSCI Canada ETF		18,374,247
	208,790	iShares MSCI France ETF		8,645,994
	636,936	iShares MSCI Hong Kong ETF		9,904,355
	2,052,086	iShares MSCI India ETF		105,867,117
	1,345,479	iShares MSCI Intl Quality Factor ETF		53,361,697
	762,629	iShares MSCI Japan ETF		54,413,579
	200,363	iShares MSCI Malaysia ETF		4,365,910
	253,313	iShares MSCI Mexico ETF		17,557,124
	452,204	iShares MSCI Singapore ETF		8,302,465
	135,068	iShares MSCI South Africa ETF		5,290,614
	287,796	iShares MSCI Spain ETF		9,258,397
	484,989	iShares MSCI Switzerland ETF		23,085,476
	1,109,028	iShares MSCI Taiwan ETF		53,987,483
	84,085	iShares MSCI Thailand ETF		4,911,405
	110,689	iShares MSCI Turkey ETF		3,978,163
	1,553,053	iShares MSCI United Kingdom ETF		53,129,943
	3,476,657	iShares MSCI USA Min Vol Factor ETF		290,578,992
	221,106	iShares MSCI USA Quality Factor ETF		36,338,771
	1,547,720	iShares Russell 1000 ETF, EQUITY		445,789,792
	1,461,619	iShares Russell 2000 ETF		307,378,476
	697,781	iShares Russell Mid-Cap ETF, EQUITY		58,676,404
	510,691	SPDR S&P 500 ETF Trust		267,127,141
	6,743,930	Vanguard FTSE Emerging Markets ETF		281,693,956
	99,023	Vanguard FTSE Europe ETF		6,668,209
	435,581	Vanguard Large-Cap ETF		104,434,901
	386,008	Vanguard Mid-Cap ETF		96,447,959

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 51.1% (Continued)
		EQUITY - 51.1% (Continued)
	1,072,790	Vanguard Real Estate ETF	$	92,774,879
	253,480	Vanguard S&P 500 ETF		121,847,836
	319,470	Vanguard Small-Cap ETF		73,027,647
	405,247	WisdomTree India Earnings Fund		17,652,559
				3,563,296,612

		TOTAL EXCHANGE-TRADED FUNDS (Cost $2,732,501,354)		3,563,296,612

Principal			Coupon Rate
Amount ($)			(%)	Maturity
		U.S. GOVERNMENT & AGENCIES — 34.7%
		U.S. TREASURY NOTES — 34.7%
	727,535,000	United States Treasury Note^(c)(d)	2.5000	05/15/24	725,015,306
	981,436,000	United States Treasury Note^(c)(d)	2.3750	08/15/24	970,671,453
	735,000,000	United States Treasury Note^(c)(d)	2.2500	11/15/24	721,699,947
					2,417,386,706
		TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,418,387,748)			2,417,386,706

Shares
		SHORT-TERM INVESTMENTS — 11.7%
		MONEY MARKET FUNDS - 11.7%
	818,348,856	First American Treasury Obligations Fund, Class X, 5.22%^(a)(c)		818,348,856

		TOTAL SHORT-TERM INVESTMENTS (Cost $818,348,856)		818,348,856

		TOTAL INVESTMENTS - 97.5% (Cost $5,969,237,958)	$	6,799,032,174
		OTHER ASSETS IN EXCESS OF LIABILITIES - 2.5%		175,322,432
		NET ASSETS - 100.0%	$	6,974,354,606

OPEN FUTURES CONTRACTS
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	277	CBOE Volatility Index Future^(c)	04/17/2024	$	3,980,130	$	(131,170	)
	2,093	CBOT Corn Future^(c)	05/14/2024		46,255,300		1,088,162

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

OPEN FUTURES CONTRACTS (Continued)
Number of Contracts		Open Long Futures Contracts	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	592	CBOT Soybean Future^(c)	05/14/2024	$	35,268,400	$	464,650
	472	CME Canadian Dollar Currency Future	06/18/2024		34,899,680		99,410
	148	CME E-mini Russell 2000 Index Futures	06/21/2024		15,879,660		(3,150	)
	243	CME Live Cattle Future^(c)	06/28/2024		17,520,300		(22,220	)
	1,035	CME Mexican Peso Currency Future	06/17/2024		30,765,375		337,140
	599	COMEX Gold 100 Troy Ounces Future^(c)	06/26/2024		134,080,160		201,950
	14	Eurex DAX Index Future	06/21/2024		7,089,105		3,398
	2,422	Euronext CAC 40 Index Future	04/19/2024		214,857,789		1,071,961
	411	FTSE 100 Index Future	06/21/2024		41,435,614		152,131
	149	FTX Taiwan Stock Exchange Capitalization Weighted	04/17/2024		18,803,123		(20,021	)
	960	HKG Hang Seng China Enterprises Index Future	04/29/2024		35,655,450		(189,999	)
	364	HKG Hang Seng Index Future	04/29/2024		38,530,403		(104,186	)
	5,573	ICE Brent Crude Oil Future^(c)	04/30/2024		484,851,000		10,192,630
	1,737	ICE Brent Crude Oil Future^(c)	05/31/2024		149,642,550		3,550,450
	467	ICE Brent Crude Oil Future^(c)	06/28/2024		39,858,450		1,081,950
	333	ICE Brent Crude Oil Future^(c)	07/31/2024		28,161,810		710,140
	192	ICE Brent Crude Oil Future^(c)	08/30/2024		16,091,520		398,180
	116	ICE Brent Crude Oil Future^(c)	09/30/2024		9,640,760		127,150
	349	KCBT Hard Red Winter Wheat Future^(c)	05/14/2024		10,212,613		138,475
	1,688	KFE KOSPI 200 Index Future	06/13/2024		117,523,739		266,182
	298	MEFF Madrid IBEX 35 Index Future	04/19/2024		35,577,085		1,847,959
	134	Montreal Exchange S&P/TSX 60 Index Future	06/20/2024		26,542,372		206,530
	150	NYBOT CSC C Coffee Future^(c)	05/20/2024		10,622,813		66,488
	143	NYBOT CTN Number 2 Cotton Future^(c)	05/08/2024		6,533,670		(141,820	)
	1,155	NYMEX Henry Hub Natural Gas Futures^(c)	04/26/2024		20,362,650		(141,190	)
	328	NYMEX Henry Hub Natural Gas Futures^(c)	05/29/2024		6,550,160		27,850
	4,202	NYMEX Light Sweet Crude Oil Future^(c)	04/22/2024		349,480,340		16,199,660
	1,258	NYMEX Light Sweet Crude Oil Future^(c)	05/21/2024		103,684,360		3,407,920
	404	NYMEX Light Sweet Crude Oil Future^(c)	06/20/2024		32,994,680		1,051,910
	167	NYMEX Light Sweet Crude Oil Future^(c)	07/22/2024		13,508,630		503,320
	129	NYMEX Light Sweet Crude Oil Future^(c)	08/20/2024		10,331,610		288,120
	61	NYMEX Light Sweet Crude Oil Future^(c)	09/20/2024		4,836,690		79,920
	36	NYMEX Platinum Future^(c)	07/29/2024		1,657,980		1,535
	329	NYMEX Reformulated Gasoline Blendstock for Oxygen^(c)	04/30/2024		37,593,251		303,412
	179	NYMEX Reformulated Gasoline Blendstock for Oxygen^(c)	05/31/2024		20,212,143		117,222
	135	NYMEX Reformulated Gasoline Blendstock for Oxygen^(c)	06/28/2024		15,002,253		193,217
	76	NYMEX Reformulated Gasoline Blendstock for Oxygen^(c)	07/31/2024		8,268,557		124,282
	985	OSE Nikkei 225 Index Future	06/13/2024		261,753,166		4,365,292
	749	SFE S&P ASX Share Price Index 200 Future	06/20/2024		97,017,122		611,593
	1,396	SGX FTSE China A50 Futures Contract	04/29/2024		16,919,520		(59,248	)
	272	SGX FTSE Taiwan Index Futures	04/29/2024		18,768,000		10,440
	573	SGX Nikkei 225 Stock Index Future	06/13/2024		76,030,210		1,853,296
	30	TSE Japanese 10 Year Bond Futures	06/13/2024		28,908,309		8,588
	1,871	TSE TOPIX (Tokyo Price Index) Future	06/13/2024		339,807,681		6,054,425
	550	TTF Natural Gas Base Load Monthly Futures^(c)	04/29/2024		12,068,531		(224,896	)
		TOTAL LONG FUTURES CONTRACTS				$	56,169,038

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

OPEN FUTURES CONTRACTS (Continued)
Number of Contracts		Open Short Futures Contracts	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	4,104	3 Month Euro Euribor Future	03/17/2025	$	1,075,971,844	$	3,024,522
	890	3 Month Euro Euribor Future	03/16/2026		234,429,072		(124,598	)
	3,132	3 Month Euro Euribor Future	06/16/2025		822,741,262		1,469,934
	296	3 Month Euro Euribor Future	06/15/2026		77,987,379		(67,246	)
	1,970	3 Month Euro Euribor Future	09/15/2025		518,214,132		600,861
	3,790	3 Month Euro Euribor Future	12/16/2024		991,195,388		3,825,689
	1,601	3 Month Euro Euribor Future	12/15/2025		421,514,631		13,117
	3,645	BMF Ibovespa Index Future	04/17/2024		93,604,397		1,771,424
	319	Carbon Emissions Future^(c)	12/16/2024		21,266,667		150,980
	337	CBOE Volatility Index Future^(c)	06/18/2024		5,442,045		(44,545	)
	658	CBOE Volatility Index Future^(c)	05/22/2024		10,145,373		(149,823	)
	2,988	CBOT 10 Year US Treasury Note	06/18/2024		331,061,063		2,211,250
	20,129	CBOT 2 Year US Treasury Note Future	06/28/2024		4,116,066,004		4,427,223
	11,196	CBOT 5 Year US Treasury Note	06/28/2024		1,198,146,938		386,292
	195	CBOT Soybean Meal Future^(c)	05/14/2024		6,585,150		43,590
	200	CBOT Soybean Oil Future^(c)	05/14/2024		5,754,000		39,522
	2,377	CBOT US Treasure Bond Futures	06/18/2024		286,279,938		2,647,000
	42	CBOT Wheat Future^(c)	05/14/2024		1,176,525		(13,850	)
	1,137	CME Australian Dollar Currency Future	06/17/2024		74,280,210		1,110,450
	280	CME British Pound Currency Future	06/17/2024		22,097,250		123,656
	516	CME E-Mini NASDAQ 100 Index Future	06/21/2024		190,662,000		1,581,550
	473	CME E-Mini Standard & Poor’s 500 Index Future	06/21/2024		125,546,025		92,350
	292	CME E-Mini Standard & Poor’s MidCap 400 Index	06/21/2024		89,860,080		(1,602,180	)
	1,259	CME Euro Foreign Exchange Currency Future	06/17/2024		170,303,356		989,270
	1,865	CME Japanese Yen Currency Future	06/17/2024		155,855,719		3,303,781
	216	CME Lean Hogs Future^(c)	06/14/2024		8,765,280		18,610
	173	CME New Zealand Dollar Currency Future	06/17/2024		10,336,750		102,160
	87	CME Swiss Franc Currency Future	06/17/2024		12,160,425		196,356
	1,403	COMEX Copper Future^(c)	05/29/2024		140,545,525		903,387
	1,041	COMEX Silver Future^(c)	05/29/2024		129,687,780		397,845
	300	E-mini Dow Jones Industrial Average Index Futures	06/21/2024		60,264,000		(374,235	)
	2,835	Eurex 10 Year Euro BUND Future	06/06/2024		407,909,709		(756,604	)
	13,295	Eurex 2 Year Euro SCHATZ Future	06/06/2024		1,515,945,523		(85,950	)
	1,396	Eurex 30 Year Euro BUXL Future	06/06/2024		204,505,717		(1,479,521	)
	12,246	Eurex 5 Year Euro BOBL Future	06/06/2024		1,562,124,594		(4,022,670	)
	2,520	Eurex EURO STOXX 50 Future	06/21/2024		137,145,631		(1,208,557	)
	3,291	Euro-BTP Italian Bond Futures	06/06/2024		422,504,757		802,346
	1,321	French Government Bond Futures	06/06/2024		182,645,707		168,475

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

OPEN FUTURES CONTRACTS (Continued)
Number of Contracts		Open Short Futures Contracts (Continued)	Expiration	Notional Amount^(b)		Value and Unrealized Appreciation (Depreciation)
	216	FTSE/MIB Index Future	06/21/2024	$	39,844,660	$	(788,658	)
	118	ICE Gas Oil Future^(c)	07/11/2024		9,413,450		(85,925	)
	913	ICE Gas Oil Future^(c)	05/10/2024		73,770,400		(381,524	)
	801	ICE Gas Oil Future^(c)	06/12/2024		64,240,200		(451,750	)
	722	ICE US mini MSCI EAFE Index Futures	06/21/2024		85,091,310		74,540
	1,426	ICE US MSCI Emerging Markets EM Index Futures	06/21/2024		74,793,700		(243,130	)
	309	IFSC NIFTY 50 Index Futures	04/25/2024		13,893,567		(105,042	)
	119	LME Copper Future^(c)	06/17/2024		26,356,447		69,072
	107	LME Lead Future^(c)	06/17/2024		5,490,491		92,019
	9	LME Nickel Future^(c)	06/17/2024		903,977		(5,232	)
	357	LME Primary Aluminum Future^(c)	06/17/2024		20,836,662		(488,811	)
	91	LME Zinc Future^(c)	06/17/2024		5,540,012		(43,920	)
	1,007	Long Gilt Future	06/26/2024		127,017,253		(325,202	)
	1,896	Montreal Exchange 10 Year Canadian Bond Future	06/19/2024		168,459,296		313,500
	44	NYBOT CSC Cocoa Future^(c)	05/15/2024		4,297,040		(84,500	)
	463	NYBOT CSC Number 11 World Sugar Future^(c)	04/30/2024		11,677,972		(493,562	)
	122	NYMEX Henry Hub Natural Gas Futures^(c)	06/26/2024		2,854,800		(41,680	)
	152	NYMEX Henry Hub Natural Gas Futures^(c)	07/29/2024		3,711,840		(20,830	)
	111	NYMEX Henry Hub Natural Gas Futures^(c)	08/28/2024		2,705,070		(23,630	)
	41	NYMEX NY Harbor ULSD Futures^(c)	07/31/2024		4,508,024		(27,057	)
	58	NYMEX NY Harbor ULSD Futures^(c)	06/28/2024		6,378,666		(45,339	)
	272	NYMEX NY Harbor ULSD Futures^(c)	04/30/2024		29,961,725		(180,869	)
	272	NYMEX NY Harbor ULSD Futures^(c)	05/31/2024		29,927,453		(199,845	)
	233	SAFEX FTSE/JSE Top 40 Index Future	06/20/2024		8,479,135		(256,587	)
	1,504	SFE 10 Year Australian Bond Future	06/17/2024		114,251,283		(548,669	)
	2,049	SFE 3 Year Australian Bond Future	06/17/2024		142,751,931		(187,983	)
	6,123	TEF SET50 Index Future	06/27/2024		27,970,813		125,286
	69	Three Month SONIA Index Futures	06/17/2025		20,869,903		1,730
	130	Three Month SONIA Index Futures	06/16/2026		39,543,656		(5,004	)
	187	Three Month SONIA Index Futures	09/16/2025		56,678,467		(30,171	)
	98	Three Month SONIA Index Futures	09/15/2026		29,828,386		(23,460	)
	180	Three Month SONIA Index Futures	12/16/2025		54,642,005		(15,386	)
	519	Three Month SONIA Index Futures	03/18/2025		156,560,382		(15,638	)
	195	Three Month SONIA Index Futures	03/17/2026		59,266,262		15,316
	2,063	Three-Month SOFR Futures	12/16/2025		495,738,900		1,550,700
	2,013	Three-Month SOFR Futures	03/18/2025		480,251,475		2,289,550
	897	Three-Month SOFR Futures	09/15/2026		216,120,938		15,337
	970	Three-Month SOFR Futures	03/17/2026		233,394,125		928,025
	941	Three-Month SOFR Futures	06/16/2026		226,604,563		450,500
	2,353	Three-Month SOFR Futures	06/17/2025		562,955,250		2,400,263
	2,354	Three-Month SOFR Futures	09/16/2025		564,577,475		2,715,838
	4,940	Ultra U.S. Treasury Bond Futures	06/18/2024		637,260,000		(3,194,437	)
		TOTAL SHORT FUTURES CONTRACTS				$	23,199,696
		TOTAL FUTURES CONTRACTS				$	79,368,734

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Foreign Currency	Settlement Date	Counterparty	Local Currency		U.S. Dollar Value		Unrealized Appreciation/ (Depreciation)
To Buy:
Canadian Dollar	04/01/2024	Deutsche Bank		112,030,000	$	82,714,374	$	38,824
Israeli Shekel	04/01/2024	Bank Of America Merrill Lynch		31,120,000		8,461,810		(29,786	)
Japanese Yen	04/01/2024	Deutsche Bank		16,436,000,001		108,567,993		(15,590	)
Mexican Peso	04/01/2024	Deutsche Bank		481,460,000		28,961,395		95,281
Singapore Dollar	04/01/2024	Bank Of America Merrill Lynch		44,090,000		32,654,178		(70,696	)
Australian Dollar	04/02/2024	Bank Of America Merrill Lynch		166,490,000		108,490,810		(132,304	)
British Pound	04/02/2024	Deutsche Bank		135,700,000		171,267,032		(55,558	)
Euro	04/02/2024	Deutsche Bank		94,270,000		101,693,632		(353,389	)
Mexican Peso	04/02/2024	Deutsche Bank		585,570,000		35,223,951		(48,449	)
New Zealand Dollar	04/02/2024	Bank Of America Merrill Lynch		162,880,000		97,323,140		(393,817	)
Norwegian Krone	04/02/2024	Bank Of America Merrill Lynch		459,710,000		42,338,056		(569,529	)
Polish Zloty	04/02/2024	Bank Of America Merrill Lynch		18,720,000		4,686,209		(3,178	)
Singapore Dollar	04/02/2024	Bank Of America Merrill Lynch		12,490,000		9,250,413		(5,072	)
South African Rand	04/02/2024	Bank Of America Merrill Lynch		173,430,000		9,156,522		(10,767	)
Swedish Krona	04/02/2024	Bank Of America Merrill Lynch		331,620,000		30,975,619		(284,807	)
Swiss Franc	04/02/2024	Bank Of America Merrill Lynch		72,550,000		80,446,642		344,770
Australian Dollar	04/03/2024	Bank Of America Merrill Lynch		62,420,000		40,676,267		(33,063	)
British Pound	04/03/2024	Deutsche Bank		22,800,000		28,776,046		(6,831	)
Euro	04/03/2024	Deutsche Bank		17,850,000		19,256,437		(22,441	)
New Zealand Dollar	04/03/2024	Bank Of America Merrill Lynch		38,130,000		22,783,247		(28,898	)
Norwegian Krone	04/03/2024	Bank Of America Merrill Lynch		440,450,000		40,565,462		(137,918	)
South African Rand	04/03/2024	Bank Of America Merrill Lynch		544,740,000		28,758,111		43,758
Swedish Krona	04/03/2024	Bank Of America Merrill Lynch		144,190,000		13,468,890		(24,252	)
Swiss Franc	04/03/2024	Bank Of America Merrill Lynch		100,410,000		111,351,411		140,359
Australian Dollar	04/17/2024	Bank Of America Merrill Lynch		751,820,000		490,124,683		(1,965,751	)
Brazilian Real	04/17/2024	Bank Of America Merrill Lynch		1,753,300,000		349,094,149		(2,749,699	)
British Pound	04/17/2024	Deutsche Bank		780,830,000		985,566,082		(6,293,895	)
Canadian Dollar	04/17/2024	Deutsche Bank		942,750,000		696,207,098		262,907
Chilean Peso	04/17/2024	Bank Of America Merrill Lynch		33,897,000,000		34,550,093		(273,394	)
Euro	04/17/2024	Deutsche Bank		822,510,000		887,816,290		(8,053,229	)
Israeli Shekel	04/17/2024	Bank Of America Merrill Lynch		221,760,000		60,333,232		(591,454	)
Japanese Yen	04/17/2024	Deutsche Bank		97,457,000,002		645,227,420		(7,858,769	)
Mexican Peso	04/17/2024	Deutsche Bank		5,374,240,000		322,513,937		3,200,188
New Zealand Dollar	04/17/2024	Bank Of America Merrill Lynch		884,590,000		528,564,843		(7,987,571	)
Norwegian Krone	04/17/2024	Bank Of America Merrill Lynch		3,010,430,000		277,375,753		(5,585,769	)

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Foreign Currency	Settlement Date	Counterparty	Local Currency		U.S. Dollar Value		Unrealized Appreciation/ (Depreciation)
To Buy: (continued)
Polish Zloty	04/17/2024	Bank Of America Merrill Lynch		1,054,400,000	$	263,914,292	$	(774,622	)
Singapore Dollar	04/17/2024	Bank Of America Merrill Lynch		422,970,000		313,477,982		(2,359,136	)
South African Rand	04/17/2024	Bank Of America Merrill Lynch		1,548,000,000		81,629,876		(550,966	)
South Korean Won	04/17/2024	Bank Of America Merrill Lynch		113,150,000,000		83,921,205		(1,306,887	)
Swedish Krona	04/17/2024	Bank Of America Merrill Lynch		2,177,170,000		203,485,192		(6,319,787	)
Swiss Franc	04/17/2024	Bank Of America Merrill Lynch		793,170,000		880,967,181		(14,329,760	)
Indian Rupee	04/18/2024	Bank Of America Merrill Lynch		580,700,000		6,961,075		(34,745	)
British Pound	05/15/2024	Deutsche Bank		113,970,000		143,875,866		(107,069	)
South African Rand	05/15/2024	Bank Of America Merrill Lynch		200,720,000		10,559,882		(18,536	)
Swedish Krona	05/15/2024	Bank Of America Merrill Lynch		272,650,000		25,512,524		(217,607	)
Swiss Franc	05/15/2024	Bank Of America Merrill Lynch		142,210,000		158,449,580		73,575
					$	8,707,975,882	$	(65,405,329	)

To Sell:
Canadian Dollar	04/01/2024	Deutsche Bank		112,030,000	$	82,714,372	$	48,274
Israeli Shekel	04/01/2024	Bank Of America Merrill Lynch		31,120,000		8,461,808		(18,065	)
Japanese Yen	04/01/2024	Deutsche Bank		16,436,000,000		108,567,984		59,404
Mexican Peso	04/01/2024	Deutsche Bank		481,460,000		28,961,394		(62,234	)
Singapore Dollar	04/01/2024	Bank Of America Merrill Lynch		44,090,000		32,654,179		51,446
Australian Dollar	04/02/2024	Bank Of America Merrill Lynch		166,490,000		108,490,811		160,460
British Pound	04/02/2024	Deutsche Bank		135,700,000		171,267,021		97,190
Euro	04/02/2024	Deutsche Bank		94,270,000		101,693,636		330,638
Mexican Peso	04/02/2024	Deutsche Bank		585,570,000		35,223,949		64,909
New Zealand Dollar	04/02/2024	Bank Of America Merrill Lynch		162,880,000		97,323,136		398,349
Norwegian Krone	04/02/2024	Bank Of America Merrill Lynch		459,710,000		42,338,055		422,678
Polish Zloty	04/02/2024	Bank Of America Merrill Lynch		18,720,000		4,686,209		5,168
Singapore Dollar	04/02/2024	Bank Of America Merrill Lynch		12,490,000		9,250,411		13,937
South African Rand	04/02/2024	Bank Of America Merrill Lynch		173,430,000		9,156,521		21,078
Swedish Krona	04/02/2024	Bank Of America Merrill Lynch		331,620,000		30,975,617		266,001
Swiss Franc	04/02/2024	Bank Of America Merrill Lynch		72,550,000		80,446,643		(324,755	)
Australian Dollar	04/03/2024	Bank Of America Merrill Lynch		62,420,000		40,676,268		(70,956	)
British Pound	04/03/2024	Deutsche Bank		22,800,000		28,776,045		30,052
Euro	04/03/2024	Deutsche Bank		17,850,000		19,256,437		3,519
New Zealand Dollar	04/03/2024	Bank Of America Merrill Lynch		38,130,000		22,783,249		(5,147	)
Norwegian Krone	04/03/2024	Bank Of America Merrill Lynch		440,450,000		40,565,463		137,749
South African Rand	04/03/2024	Bank Of America Merrill Lynch		544,740,000		28,758,111		(108,428	)
Swedish Krona	04/03/2024	Bank Of America Merrill Lynch		144,190,000		13,468,892		16,599
Swiss Franc	04/03/2024	Bank Of America Merrill Lynch		100,410,000		111,351,405		98,858
Australian Dollar	04/17/2024	Bank Of America Merrill Lynch		1,189,710,000		775,592,876		6,063,473
Brazilian Real	04/17/2024	Bank Of America Merrill Lynch		874,350,000		174,089,135		535,171
British Pound	04/17/2024	Deutsche Bank		780,830,000		985,566,081		5,388,722
Canadian Dollar	04/17/2024	Deutsche Bank		924,810,000		682,958,670		1,747,761
Chilean Peso	04/17/2024	Bank Of America Merrill Lynch		37,678,999,999		38,404,961		259,226
Euro	04/17/2024	Deutsche Bank		1,161,630,000		1,253,861,998		7,987,789
Israeli Shekel	04/17/2024	Bank Of America Merrill Lynch		124,030,000		33,744,276		153,549
Japanese Yen	04/17/2024	Deutsche Bank		172,880,999,992		1,144,582,339		24,659,433
Mexican Peso	04/17/2024	Deutsche Bank		1,765,510,000		105,950,158		(1,623,364	)
New Zealand Dollar	04/17/2024	Bank Of America Merrill Lynch		884,590,000		528,564,840		10,363,709
Norwegian Krone	04/17/2024	Bank Of America Merrill Lynch		4,428,559,999		408,039,768		11,548,610

CATALYST/MILLBURN HEDGE STRATEGY FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Foreign Currency	Settlement Date	Counterparty	Local Currency		U.S. Dollar Value		Unrealized Appreciation/( Depreciation)
To Sell: (continued)
Polish Zloty	04/17/2024	Bank Of America Merrill Lynch		370,710,000	$	92,788,001	$	1,551,420
Singapore Dollar	04/17/2024	Bank Of America Merrill Lynch		422,970,000		313,477,982		2,367,504
South African Rand	04/17/2024	Bank Of America Merrill Lynch		1,548,000,000		81,629,875		583,768
South Korean Won	04/17/2024	Bank Of America Merrill Lynch		148,094,999,967		109,839,247		1,615,688
Swedish Krona	04/17/2024	Bank Of America Merrill Lynch		2,177,170,000		203,485,193		8,085,062
Swiss Franc	04/17/2024	Bank Of America Merrill Lynch		793,170,000		880,967,178		10,773,020
Indian Rupee	04/18/2024	Bank Of America Merrill Lynch		12,610,300,000		151,164,546		225,579
New Zealand Dollar	05/15/2024	Bank Of America Merrill Lynch		660,000		394,379		265
Singapore Dollar	05/15/2024	Bank Of America Merrill Lynch		66,580,000		49,407,947		93,053
South African Rand	05/15/2024	Bank Of America Merrill Lynch		544,740,000		28,658,778		(42,235	)
Swedish Krona	05/15/2024	Bank Of America Merrill Lynch		176,280,000		16,494,948		86,028
					$	9,317,510,792	$	94,059,955

Total							$	28,654,626

ETF	- Exchange-Traded Fund

MSCI	- Morgan Stanley Capital International

SPDR	- Standard & Poor’s Depositary Receipt

^(a)	Rate disclosed is the seven day effective yield as of March 31, 2024.

^(b)	The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund’s futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.

^(c)	All or a portion of this investment is a holding of the CMHSF Fund Limited.

^(d)	Held as collateral for futures.

CATALYST DYNAMIC ALPHA FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 99.1%
		AEROSPACE & DEFENSE - 5.5%
	30,725	Textron, Inc.	$	2,947,449
	3,475	TransDigm Group, Inc.		4,279,810
				7,227,259
		APPAREL & TEXTILE PRODUCTS - 4.2%
	5,855	Deckers Outdoor Corporation^(a)		5,511,077

		ASSET MANAGEMENT - 3.5%
	40,625	Apollo Global Management, Inc.		4,568,280

		AUTOMOTIVE - 2.3%
	106,550	Stellantis N.V.^(b)		3,015,365

		BANKING - 2.1%
	69,000	HSBC Holdings plc - ADR^(b)		2,715,840

		BIOTECH & PHARMA - 6.9%
	37,000	Merck & Company, Inc.		4,882,150
	9,900	Vertex Pharmaceuticals, Inc.^(a)		4,138,299
				9,020,449
		CONSTRUCTION MATERIALS - 2.8%
	5,885	Martin Marietta Materials, Inc.		3,613,037

		E-COMMERCE DISCRETIONARY - 1.9%
	14,000	Amazon.com, Inc.^(a)		2,525,320

		ELECTRICAL EQUIPMENT - 4.0%
	34,225	Amphenol Corporation, Class A		3,947,854
	22,360	NEXTracker, Inc.^(a)		1,258,197
				5,206,051
		ENGINEERING & CONSTRUCTION - 7.5%
	38,050	Quanta Services, Inc.		9,885,390

CATALYST DYNAMIC ALPHA FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 99.1% (Continued)
		HEALTH CARE FACILITIES & SERVICES - 4.5%
	24,200	Cencora, Inc.	$	5,880,358

		INSTITUTIONAL FINANCIAL SERVICES - 1.9%
	13,050	Evercore, Inc., Class A		2,513,300

		INSURANCE - 2.8%
	41,825	Brown & Brown, Inc.		3,661,361

		OIL & GAS PRODUCERS - 2.9%
	23,300	Phillips 66		3,805,822

		RETAIL - CONSUMER STAPLES - 2.5%
	4,335	Costco Wholesale Corporation		3,175,951

		RETAIL - DISCRETIONARY - 7.5%
	46,725	Builders FirstSource, Inc.^(a)		9,744,499

		SEMICONDUCTORS - 7.5%
	24,475	Advanced Micro Devices, Inc.^(a)		4,417,493
	7,750	KLA Corporation		5,413,917
				9,831,410
		SOFTWARE - 9.1%
	4,625	Intuit, Inc.		3,006,250
	12,400	Microsoft Corporation		5,216,929
	4,780	ServiceNow, Inc.^(a)		3,644,272
				11,867,451
		SPECIALTY REITS - 2.8%
	46,425	Iron Mountain, Inc.		3,723,749

		TECHNOLOGY HARDWARE - 8.2%
	128,750	Flex Ltd.^(a)		3,683,538
	11,930	Motorola Solutions, Inc.		4,234,911
	53,825	Pure Storage, Inc., Class A^(a)		2,798,362
				10,716,811

CATALYST DYNAMIC ALPHA FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 99.1% (Continued)
		TECHNOLOGY SERVICES - 5.2%
	22,450	Booz Allen Hamilton Holding Corporation	$	3,332,478
	12,400	Visa, Inc., Class A^(b)		3,460,592
				6,793,070
		TRANSPORTATION & LOGISTICS - 1.6%
	28,800	Scorpio Tankers, Inc.		2,060,640

		WHOLESALE - CONSUMER STAPLES - 1.9%
	46,700	US Foods Holding Corporation^(a)		2,520,399

		TOTAL COMMON STOCKS (Cost $82,242,438)		129,582,889

		SHORT-TERM INVESTMENTS — 7.8%
		COLLATERAL FOR SECURITIES LOANED - 6.8%
	8,988,120	Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (Cost $8,988,120)^(c)(d)(e)		8,988,120

		MONEY MARKET FUND - 1.0%
	1,261,265	First American Treasury Obligations Fund, Class X, 5.22% (Cost $1,261,265)^(c)		1,261,265

		TOTAL SHORT-TERM INVESTMENTS (Cost $10,249,385)		10,249,385

		TOTAL INVESTMENTS - 106.9% (Cost $92,491,823)	$	139,832,274
		LIABILITIES IN EXCESS OF OTHER ASSETS - (6.9)%		(8,993,633	)
		NET ASSETS - 100.0%	$	130,838,641

ADR	- American Depositary Receipt

LLC	- Limited Liability Company

LTD	- Limited Company

PLC	- Public Limited Company

REIT	- Real Estate Investment Trust

^(a)	Non-income producing security.

^(b)	All or a portion of the security is on loan. Total loaned securities had a value of $8,711,944 at March 31, 2024.

^(c)	Rate disclosed is the seven day effective yield as of March 31, 2024.

^(d)	Mutual Fund Series Trust’s securities lending policies and procedures require that the borrower: (i) deliver cash or U.S. Government securities as collateral with respect to each new loan of U.S. securities, equal to at least 102% of the value of the portfolio securities loaned, and (ii) at all times thereafter mark-to-market the collateral on a daily basis so that the market value of such collateral is at least 100% of the value of securities loaned. From time to time the collateral may not be 102% due to end of day market movement. The next business day additional collateral is obtained/received from the borrower to replenish/reestablish 102%.

^(e)	Security was purchased with cash received as collateral for securities on loan at March 31, 2024. Total collateral had a value of $8,988,120 at March 31, 2024.

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 3.3%
		FIXED INCOME - 3.3%
	425,928	Invesco Senior Loan ETF	$	9,008,377
	111,697	SPDR Blackstone Senior Loan ETF		4,703,561
				13,711,938

		TOTAL EXCHANGE-TRADED FUNDS (Cost $13,555,968)		13,711,938

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity
		ASSET BACKED SECURITIES — 6.3%
		CLO — 6.3%
	500,000	Alinea CLO Ltd. Series 2018-1 E^(a),(b)	TSFR3M + 6.262%	11.5790	07/20/31	487,025
	500,000	Apidos CLO XXX D^(a),(b)	TSFR3M + 5.862%	11.1600	10/18/31	490,701
	750,000	ARES XLV CLO Ltd. Series 2017-45A E^(a),(b)	TSFR3M + 6.362%	11.6760	10/15/30	744,929
	500,000	ARES XLVII CLO Ltd. Series 2018-47A E^(a),(b)	TSFR3M + 5.762%	11.0760	04/15/30	483,750
	1,000,000	Bardot CLO Ltd. Series 2019-2A ER^(a),(b)	TSFR3M + 6.562%	11.8790	10/22/32	976,671
	500,000	BlueMountain CLO Ltd. Series 2018-3A E^(a),(b)	TSFR3M + 6.212%	11.5360	10/25/30	469,625
	500,000	BlueMountain CLO XXII Ltd. Series 2018-22A E^(a),(b)	TSFR3M + 5.312%	10.6260	07/15/31	450,614
	500,000	BlueMountain Fuji US Clo I Ltd. Series 2017-1A E^(a),(b)	TSFR3M + 6.262%	11.5790	07/20/29	472,315
	500,000	Carbone Clo Ltd. Series 2017-1A D^(a),(b)	TSFR3M + 6.162%	11.4790	01/20/31	487,454
	500,000	Carlyle Global Market Strategies CLO Ltd. Series 2014-1A ER^(a),(b)	TSFR3M + 5.662%	10.9780	04/17/31	467,464
	500,000	Carlyle Global Market Strategies CLO Ltd. Series 2017-1A D^(a),(b)	TSFR3M + 6.262%	11.5790	04/20/31	475,984
	500,000	CARLYLE US CLO Ltd. Series 2017-5A D^(a),(b)	TSFR3M + 5.562%	10.8790	01/20/30	472,625
	1,000,000	Catskill Park CLO Ltd. Series 2017-1A^(a),(b)	TSFR3M + 6.262%	11.5790	04/20/29	998,103
	1,000,000	Cook Park CLO Ltd. Series 2018-1A E^(a),(b)	TSFR3M + 5.662%	10.9780	04/17/30	951,434
	500,000	Flatiron Clo 17 Ltd. Series 2017-1A ER^(a),(b)	TSFR3M + 6.162%	11.4690	05/15/30	499,906
	500,000	Galaxy XV CLO Ltd. Series 2013-15A ER^(a),(b)	TSFR3M + 6.907%	12.2210	10/15/30	494,020
	500,000	Galaxy XXI CLO Ltd. Series 2015-21A ER^(a),(b)	TSFR3M + 5.512%	10.8290	04/20/31	491,875
	500,000	GoldenTree Loan Management US CLO 1 Ltd. Series 2021-9A E^(a),(b)	TSFR3M + 5.012%	10.3290	01/20/33	479,812
	500,000	GoldenTree Loan Management US CLO 2 Ltd. Series 2017-2A E^(a),(b)	TSFR3M + 4.962%	10.2790	11/28/30	500,304
	750,000	GoldenTree Loan Opportunities X Ltd. Series 2015-10A ER^(a),(b)	TSFR3M + 5.912%	11.2290	07/20/31	751,760
	500,000	Grippen Park CLO Ltd. Series 2017-1A E^(a),(b)	TSFR3M + 5.962%	11.2790	01/20/30	499,274
	500,000	Harbor Park CLO Ltd. Series 2018-1A E^(a),(b)	TSFR3M + 5.862%	11.1790	01/20/31	497,290
	500,000	KKR Financial CLO Ltd. Series 2013-1 DR^(a),(b)	TSFR3M + 6.342%	11.6560	04/15/29	499,975
	500,000	Magnetite XV Ltd. Series 2015-15A ER^(a),(b)	TSFR3M + 5.462%	10.7860	07/25/31	485,315
	500,000	Neuberger Berman CLO XVIII Ltd. Series 2014-18A DR2^(a),(b)	TSFR3M + 6.182%	11.4990	10/21/30	487,354

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 6.3% (Continued)
		CLO — 6.3% (Continued)
	500,000	Neuberger Berman Loan Advisers CLO Ltd. Series 2018-27A E^(a),(b)	TSFR3M + 5.462%	10.7760	01/15/30	$	479,585
	750,000	Neuberger Berman Loan Advisers CLO Ltd. Series 2017-24A E^(a),(b)	TSFR3M + 6.282%	11.5910	04/19/30		730,865
	1,000,000	Neuberger Berman Loan Advisers CLO Ltd. Series 2017-26A E^(a),(b)	TSFR3M + 6.162%	11.4600	10/18/30		970,644
	500,000	Octagon Investment Partners 26 Ltd. Series 2016-1A ER^(a),(b)	TSFR3M + 5.662%	10.9760	07/15/30		453,582
	500,000	Octagon Investment Partners 37 Ltd. Series 2018-2A D^(a),(b)	TSFR3M + 5.662%	10.9860	07/25/30		474,409
	500,000	Octagon Investment Partners Ltd. Series 2018-18A C^(a),(b)	TSFR3M + 2.962%	8.2760	04/16/31		485,487
	500,000	Octagon Investment Partners XVII Ltd. Series 2013-1A ER2^(a),(b)	TSFR3M + 5.412%	10.7360	01/25/31		451,027
	500,000	Octagon Investment Partners XXII Ltd. Series 2014-1A ERR^(a),(b)	TSFR3M + 5.712%	11.0290	01/22/30		475,176
	500,000	OHA Credit Partners XV Ltd. Series 2017-15A E^(a),(b)	TSFR3M + 5.562%	10.8790	01/20/30		500,000
	500,000	Palmer Square CLO Ltd. Series 2014-1A DR2^(a),(b)	TSFR3M + 5.962%	11.2780	01/17/31		500,313
	500,000	Palmer Square CLO Ltd. Series 2018-2A D^(a),(b)	TSFR3M + 5.862%	11.1760	07/16/31		500,000
	550,000	Regatta XI Funding Ltd. Series 2018-1A E^(a),(b)	TSFR3M + 5.762%	11.0780	07/17/31		529,499
	1,000,000	Regatta XIV Funding Ltd. Series 2018-3A E^(a),(b)	TSFR3M + 6.212%	11.5360	10/25/31		959,810
	500,000	RR 5 Ltd. Series 2018-5A D^(a),(b)	TSFR3M + 6.012%	11.3260	10/15/31		475,901
	1,000,000	Sound Point Clo XII Ltd. Series 2016-2A ER^(a),(b)	TSFR3M + 7.162%	12.4790	10/20/28		1,001,500
	500,000	Upland CLO Ltd. Series 2016-1A DR^(a),(b)	TSFR3M + 6.162%	11.4790	04/20/31		494,604
	525,000	Voya CLO Ltd. Series 2018-4A E^(a),(b)	TSFR3M + 6.562%	11.8760	01/15/32		518,683
	500,000	Wellfleet CLO Ltd. Series 2017-1A D^(a),(b)	TSFR3M + 6.312%	11.6290	04/20/29		448,763
	500,000	Wellfleet CLO Ltd. Series 2015-1A ER3^(a),(b)	TSFR3M + 7.312%	12.6290	07/20/29		305,994
	500,000	Wellfleet CLO Ltd. Series 2018-2A D^(a),(b)	TSFR3M + 6.332%	11.6490	10/20/31		468,639
	500,000	Wellfleet CLO Ltd. Series 2018-3A D^(a),(b)	TSFR3M + 6.512%	11.8290	01/20/32		458,718
							25,798,778
		TOTAL ASSET BACKED SECURITIES (Cost $25,590,228)					25,798,778


		CORPORATE BONDS — 2.9%
		AEROSPACE & DEFENSE — 0.0%^(c)
	52,000	TransDigm, Inc.^(a)		6.6250	03/01/32		52,619

		CHEMICALS — 0.3%
	1,300,000	Valvoline, Inc.^(a)		3.6250	06/15/31		1,122,512

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Coupon Rate (%)	Maturity	Fair Value
		CORPORATE BONDS — 2.9% (Continued)
		ENTERTAINMENT CONTENT — 0.3%
	1,344,000	Univision Communications, Inc.^(a)	8.0000	08/15/28	$	1,370,122

		HEALTH CARE FACILITIES & SERVICES — 0.1%
	720,000	Tenet Healthcare Corporation^(a)	6.7500	05/15/31		734,054

		HOME CONSTRUCTION — 0.0%^(c)
	55,000	Miter Brands Acquisition Holdco, Inc. / MIWD^(a)	6.7500	04/01/32		55,235

		INSURANCE — 0.1%
	116,000	Alliant Holdings Intermediate, LLC / Alliant^(a)	7.0000	01/15/31		117,290
	111,000	Panther Escrow Issuer, LLC^(a)	7.1250	06/01/31		113,057
						230,347
		MACHINERY — 0.0%^(c)
	168,000	Esab Corporation^(a)	6.2500	04/15/29		169,001

		MEDICAL EQUIPMENT & DEVICES — 0.1%
	219,000	Medline Borrower, L.P./Medline Co-Issuer, Inc.^(a)	6.2500	04/01/29		220,451

		METALS & MINING — 0.0%^(c)
	134,000	Alcoa Nederland Holding BV^(a)	7.1250	03/15/31		136,853

		OIL & GAS PRODUCERS — 0.6%
	102,000	Antero Midstream Partners, L.P. / Antero Midstream^(a)	6.6250	02/01/32		102,618
	275,000	Crescent Energy Finance, LLC^(a)	7.6250	04/01/32		277,347
	95,000	Kinetik Holdings, L.P.^(a)	6.6250	12/15/28		96,750
	52,000	NGL Energy Partners, L.P.^(a)	8.1250	02/15/29		53,294
	52,000	NGL Energy Partners, L.P.^(a)	8.3750	02/15/32		53,376
	74,000	Venture Global LNG, Inc.^(a)	8.1250	06/01/28		75,640
	93,000	Venture Global LNG, Inc.^(a)	9.5000	02/01/29		100,244
	1,300,000	Venture Global LNG, Inc.^(a)	9.8750	02/01/32		1,401,963
						2,161,232
		OIL & GAS SERVICES & EQUIPMENT — 0.0%^(c)
	107,000	USA Compression Partners, L.P. / USA Compression^(a)	7.1250	03/15/29		108,508

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)				Coupon Rate (%)	Maturity	Fair Value
		CORPORATE BONDS — 2.9% (Continued)
		RETAIL - DISCRETIONARY — 0.7%
	1,300,000	Global Auto Holdings Ltd./AAG FH UK Ltd.^(a)		8.7500	01/15/32	$	1,260,135
	1,400,000	Metis Merger Sub, LLC^(a)		6.5000	05/15/29		1,332,830
							2,592,965
		SPECIALTY FINANCE — 0.1%
	650,000	Fortress Transportation and Infrastructure^(a)		7.8750	12/01/30		683,258

		TECHNOLOGY SERVICES — 0.2%
	994,000	Iron Mountain Information Management Services,^(a)		5.0000	07/15/32		910,706

		TRANSPORTATION & LOGISTICS — 0.4%
	1,325,000	XPO, Inc.^(a)		7.1250	02/01/32		1,365,548

		TOTAL CORPORATE BONDS (Cost $11,629,599)					11,913,411

			Spread
		TERM LOANS — 87.5%
		ADVERTISING & MARKETING — 0.2%
	632,536	ABG Intermediate Holdings 2, LLC^(b)	TSFR1M + 3.600%	8.9320	12/10/28		635,699

		AEROSPACE & DEFENSE — 3.0%
	2,636,750	Bleriot US Bidco, Inc.^(b)	TSFR1M + 4.000%	9.6100	10/31/28		2,649,933
	2,937,939	Dynasty Acquisition Company, Inc.^(b)	TSFR1M + 4.000%	9.3260	08/16/28		2,945,562
	98,154	Dynasty Acquisition Company, Inc.^(b)	TSFR1M + 3.500%	8.8250	08/24/28		98,409
	283,000	Ovation Parent, Inc.^(b)	TSFR1M + 3.500%	8.8260	03/26/31		283,620
	2,312,828	Spirit AeroSystems, Inc.^(b)	TSFR1M + 4.500%	9.5630	11/23/27		2,325,838
	1,259,313	Standard Aero Ltd.^(b)	TSFR1M + 4.000%	9.3260	08/16/28		1,262,581
	37,846	Standard Aero Ltd.^(b)	TSFR1M + 3.500%	8.8250	08/24/28		37,944
	1,583,013	TransDigm, Inc.^(b)	TSFR1M + 3.250%	8.5980	08/10/28		1,590,192
	131,000	TransDigm, Inc.^(b)	TSFR1M + 2.750%	8.0750	03/15/30		131,423
	1,037,797	TransDigm, Inc.^(b)	TSFR1M + 3.250%	8.5980	02/28/31		1,044,050
							12,369,552
		APPAREL & TEXTILE PRODUCTS — 0.1%
	444,206	Hanesbrands, Inc.^(b)	TSFR1M + 3.850%	9.1060	03/08/30		444,692

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		ASSET MANAGEMENT — 6.0%
	4,318,714	Advisor Group Holdings, Inc.^(b)	TSFR1M + 4.500%	9.8260	08/10/28	$	4,340,566
	1,260,332	Aragorn Parent Corporation^(b)	TSFR1M + 4.250%	9.5830	12/08/28		1,265,852
	1,800,000	Edelman Financial Center, LLC (The)^(b)	TSFR1M + 6.750%	12.2200	07/20/26		1,811,817
	261,685	FinCompany I, LLC^(b)	TSFR1M + 3.000%	8.3130	06/27/29		262,475
	528,000	First Eagle Holdings, Inc.^(b)	TSFR1M + 3.000%	8.3180	02/22/29		523,523
	2,252,404	Focus Financial Partners, LLC^(b)	TSFR1M + 2.750%	8.0850	06/30/28		2,247,832
	208,000	GIP Pilot Acquisition Partners, L.P.^(b)	TSFR1M + 3.000%	8.3270	09/15/30		208,936
	3,945,565	GTCR W Merger Sub, LLC^(b)	TSFR1M + 3.000%	8.3260	09/20/30		3,964,484
	1,237,425	Guggenheim Partners Investment Management^(b)	TSFR1M + 3.250%	8.5980	12/07/29		1,243,872
	81,000	Hightower Holding, LLC^(b)	TSFR3M + 4.262%	9.5860	04/21/28		81,203
	2,494,805	Nexus Buyer, LLC^(b)	TSFR1M + 3.750%	9.1760	11/08/26		2,491,687
	799,000	Nexus Buyer, LLC^(b)	TSFR1M + 4.500%	9.8260	12/23/30		795,504
	130,000	Osaic Holdings, Inc.^(b)	TSFR1M + 4.000%	9.3210	08/16/28		130,658
	5,187,119	Wec US Holdings Ltd.^(b)	TSFR1M + 2.750%	8.0760	01/20/31		5,187,118
							24,555,527
		AUTOMOTIVE — 2.0%
	589,523	Clarios Global, L.P.^(b)	TSFR1M + 3.000%	8.3260	05/06/30		591,733
	3,734,422	First Brands Group, LLC^(b)	SOFRRATE + 5.000%	10.5740	03/24/27		3,744,692
	1,039,800	First Brands Group, LLC^(b)	TSFR1M + 6.000%	10.5740	03/30/27		1,041,750
	1,134,141	First Brands Group, LLC^(b)	TSFR6M + 8.500%	13.9670	03/30/28		1,125,635
	1,080,704	Tenneco, Inc.^(b)	TSFR1M + 4.750%	10.1700	11/17/28		1,013,927
	885,000	Tenneco, Inc.^(b)	TSFR1M + 5.000%	10.4190	11/17/28		835,090
							8,352,827
		BEVERAGES — 0.1%
	293,000	Pegasus Bidco BV^(b)	TSFR1M + 3.750%	9.0570	07/12/29		293,489

		BIOTECH & PHARMA — 0.5%
	785,848	Curium Bidco Sarl^(b)	TSFR1M + 4.500%	9.8480	07/31/29		790,760
	1,500,000	Grifols Worldwide Operations USA, Inc.^(b)	TSFR3M + 2.000%	7.4260	11/08/27		1,455,652
							2,246,412

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		CABLE & SATELLITE — 0.6%
	203,000	Cogeco Communications USA II, L.P.^(b)	TSFR1M + 3.250%	8.5760	09/18/30	$	198,645
	109,216	Directv Financing, LLC^(b)	TSFR1M + 5.000%	10.4410	07/22/27		109,489
	141,000	Directv Financing, LLC^(b)	TSFR1M + 5.365%	10.8300	08/02/29		141,121
	700,000	UPC Financing Partnership^(b)	TSFR1M + 3.000%	8.4400	01/31/29		698,212
	1,173,724	Virgin Media Bristol, LLC^(b)	TSFR1M + 3.250%	8.7900	03/06/31		1,157,908
							2,305,375
		CHEMICALS — 1.9%
	895,284	Cyanco Intermediate 2 Corporation^(b)	TSFR1M + 4.750%	10.0870	07/10/28		900,137
	606,000	Element Solutions, Inc.^(b)	TSFR1M + 2.000%	7.3560	12/09/30		607,264
	102,000	INEOS Enterprises Holdings US Finco, LLC^(b)	TSFR1M + 3.850%	9.1930	07/07/30		102,213
	375,000	INEOS US Finance, LLC^(b)	TSFR1M + 3.750%	9.0850	01/31/31		375,938
	1,067,168	INEOS US Petrochem, LLC^(b)	TSFR1M + 4.350%	9.6690	11/14/29		1,066,506
	1,929,185	Nouryon USA, LLC^(b)	TSFR1M + 4.000%	9.4480	03/03/28		1,938,030
	195,509	Nouryon USA, LLC^(b)	TSFR1M + 4.000%	9.4190	04/03/28		196,364
	730,966	Olympus Water US Holding Corporation^(b)	TSFR1M + 4.250%	9.5660	11/09/28		734,167
	638,103	PQ Group Holdings, Inc.^(b)	TSFR1M + 3.500%	8.6870	04/30/28		639,641
	1,051,625	Windsor Holdings III, LLC^(b)	TSFR1M + 4.000%	9.3190	08/01/30		1,057,051
							7,617,311
		COMMERCIAL SUPPORT SERVICES — 6.9%
	22,957	Action Environmental Group, Inc. (The)^(b)	TSFR1M + 4.500%	9.8240	10/05/30		23,014
	153,043	Action Environmental Group, Inc. (The)^(b)	TSFR1M + 4.500%	9.8240	10/05/30		153,426
	725,000	Amentum Government Services Holdings, LLC^(b)	TSFR1M + 8.750%	14.2200	01/31/28		732,250
	1,425,295	Amentum Government Services Holdings, LLC^(b)	SOFRRATE + 4.000%	9.3200	02/07/29		1,430,341
	1,723,397	AVSC Holding Corporation^(b)	TSFR1M + 3.500%	8.9260	03/01/25		1,732,729
	1,088,141	AVSC Holding Corporation^(b)	TSFR1M + 4.500%	9.9560	09/26/26		1,094,941
	1,941,000	Bifm CA Buyer, Inc.^(b)	TSFR1M + 4.250%	9.5830	05/31/28		1,951,918
	1,891,245	CHG Healthcare Services, Inc.^(b)	TSFR1M + 3.750%	9.0760	09/30/28		1,898,347
	347,303	Conservice Midco, LLC^(b)	TSFR1M + 4.000%	9.3340	05/13/27		348,881
	1,427,811	Creative Artists Agency, LLC^(b)	TSFR1M + 3.500%	8.8260	11/16/28		1,432,273
	59,000	Creative Artists Agency, LLC^(b)	TSFR1M + 3.250%	8.5700	11/27/28		59,184
	521,940	EnergySolutions, LLC^(b)	TSFR1M + 4.000%	9.3560	09/18/30		524,453
	1,431,056	Ensemble RCM, LLC^(b)	TSFR1M + 3.000%	8.3340	08/03/29		1,435,921
	2,566,000	Garda World Security Corporation^(b)	TSFR1M + 4.350%	9.5830	02/01/29		2,574,032

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		COMMERCIAL SUPPORT SERVICES — 6.9% (Continued)
	715,195	Groundworks, LLC^(b)	TSFR1M + 3.500%	8.8240	03/06/31	$	716,210
	131,631	Groundworks, LLC^(b)	TSFR1M + 3.500%	8.8240	03/06/31		131,818
	3,393,142	OMNIA Partners, LLC^(b)	TSFR1M + 3.750%	9.0700	07/25/30		3,412,754
	161,000	Pre-Paid Legal Services, Inc.^(b)	TSFR1M + 3.865%	9.1900	12/15/28		160,439
	2,000,000	Prime Security Services Borrower, LLC^(b)	TSFR1M + 2.500%	7.8240	10/11/30		2,003,520
	104,762	Ryan, LLC^(b)	TSFR1M + 4.500%	9.8250	11/09/30		105,417
	995,238	Ryan, LLC^(b)	TSFR1M + 4.500%	9.8260	11/09/30		1,001,463
	688,000	Teneo Holdings, LLC^(b)	TSFR1M + 4.750%	10.0740	03/11/31		691,010
	4,294,370	WestJet Loyalty, L.P.^(b)	TSFR1M + 3.850%	9.0680	02/01/31		4,299,739
							27,914,080
		CONSUMER SERVICES — 1.2%
	725,209	Fugue Finance, LLC^(b)	TSFR1M + 4.000%	9.3430	01/26/28		727,816
	306,000	Fugue Finance, LLC^(b)	TSFR1M + 3.750%	9.0730	02/13/31		307,148
	1,596,799	KUEHG Corporation^(b)	TSFR1M + 5.000%	10.3480	05/31/30		1,603,193
	925,000	Prometric Holdings, Inc.^(b)	TSFR1M + 5.250%	7.5700	01/19/25		925,966
	500,000	Spin Holdco, Inc.^(b)	TSFR3M + 4.000%	8.9860	03/01/28		464,338
	750,000	University Support Services, LLC^(b)	TSFR1M + 3.350%	3.7500	06/29/28		749,344
							4,777,805
		CONTAINERS & PACKAGING — 0.7%
	1,624,329	Charter Next Generation, Inc.^(b)	TSFR1M + 3.500%	8.8200	12/01/27		1,629,129
	1,150,000	Proampac PG Borrower, LLC^(b)	TSFR1M + 4.500%	9.8230	09/26/28		1,153,450
	151,000	SupplyOne, Inc.^(b)	TSFR1M + 4.250%	9.5790	03/27/31		150,529
							2,933,108
		E-COMMERCE DISCRETIONARY — 0.5%
	1,883,972	CNT Holdings I Corporation^(b)	TSFR1M + 3.500%	8.8170	10/16/27		1,889,709
	222,195	Olaplex, Inc.^(b)	SOFRRATE + 3.750%	8.9560	02/17/29		207,118
							2,096,827
		ELECTRIC UTILITIES — 0.3%
	806,503	Calpine Corporation^(b)	TSFR1M + 2.000%	7.3260	04/01/26		802,890
	459,552	Calpine Corporation^(b)	TSFR1M + 2.000%	7.3210	12/16/27		459,643
							1,262,533
		ELECTRICAL EQUIPMENT — 0.2%
	650,000	Belfor Holdings, Inc.^(b)	TSFR1M + 3.750%	9.1060	10/25/30		654,063

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		ELECTRICAL EQUIPMENT — 0.2% (Continued)
	241,000	TK Elevator US Newco, Inc.^(b)	TSFR1M + 3.500%	8.8220	04/11/30	$	242,088
							896,151
		ENGINEERING & CONSTRUCTION — 0.1%
	615,000	Chromalloy Corporation^(b)	TSFR1M + 3.750%	9.0750	03/24/31		613,973

		ENTERTAINMENT CONTENT — 1.2%
	662,667	AP Core Holdings II, LLC^(b)	TSFR1M + 5.500%	10.9700	09/01/27		650,904
	2,875,000	AP Core Holdings II, LLC^(b)	TSFR1M + 5.500%	10.9700	09/01/27		2,821,094
	162,000	AppLovin Corporation^(b)	TSFR1M + 2.500%	7.8210	08/19/30		162,101
	1,139,007	NEP Group, Inc.^(b)	TSFR1M + 4.115%	9.4410	08/19/26		1,090,599
	109,335	Univision Communications, Inc.	SOFRRATE + 4.250%	9.5980	06/08/29		109,704
							4,834,402
		FOOD — 1.5%
	4,013,500	Nomad Foods US, LLC^(b)	TSFR1M + 3.000%	8.4690	11/08/29		4,024,076
	225,000	Saratoga Food Specialties, LLC^(b)	TSFR1M + 3.750%	9.0660	03/01/29		225,704
	1,440,000	Snacking Investments US, LLC^(b)	TSFR1M + 4.000%	9.3560	12/01/26		1,443,895
	859,171	Upfield USA Corporation^(b)	TSFR1M + 4.750%	10.4700	01/02/28		856,353
							6,550,028
		GAS & WATER UTILITIES — 0.0%^(c)
	129,000	NGL Energy Operating, LLC^(b)	TSFR1M + 4.500%	9.8260	01/27/31		129,484

		HEALTH CARE FACILITIES & SERVICES — 6.8%
	248,721	ADMI Corporation^(b)	TSFR1M + 3.375%	8.8450	12/23/27		240,327
	575,000	ADMI Corporation^(b)	TSFR1M + 5.750%	11.1050	12/23/27		576,259
	498,741	Charlotte Buyer, Inc.^(b)	TSFR3M + 5.250%	10.5680	02/11/28		500,980
	865,992	FC Compassus, LLC^(b)	TSFR3M + 4.250%	9.6910	12/31/26		850,837
	3,237,982	Heartland Dental, LLC^(b)	TSFR1M + 5.000%	10.3370	04/30/28		3,248,716
	3,973,458	LifePoint Health, Inc.^(b)	TSFR1M + 5.500%	11.0870	11/16/28		3,988,715
	3,129,974	MED ParentCo, L.P.^(b)	TSFR1M + 4.250%	9.7200	08/02/26		3,129,755
	1,937,229	Milano Acquisition Corporation^(b)	TSFR3M + 4.000%	9.4480	08/17/27		1,856,592
	66,835	National Mentor Holdings, Inc.^(b)	TSFR1M + 3.750%	9.1980	02/18/28		63,089
	2,360,489	National Mentor Holdings, Inc.^(b)	TSFR1M + 3.750%	9.2060	02/18/28		2,228,196
	612,228	One Call Corporation^(b)	TSFR3M + 5.500%	11.0860	04/08/27		574,729

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		HEALTH CARE FACILITIES & SERVICES — 6.8% (Continued)
	3,911,177	Phoenix Guarantor, Inc.^(b)	TSFR1M + 3.250%	8.5760	02/13/31	$	3,865,278
	2,100,160	Phoenix Newco, Inc.^(b)	TSFR1M + 3.250%	8.6910	08/11/28		2,107,322
	962,205	Select Medical Corporation^(b)	TSFR1M + 3.100%	8.3560	03/05/27		964,914
	1,671,464	Star Parent, Inc.^(b)	TSFR1M + 4.000%	9.3480	09/19/30		1,663,216
	1,500,000	Surgery Center Holdings, Inc.^(b)	TSFR1M + 3.500%	8.8350	12/05/30		1,508,858
	96,000	Team Public Choices, LLC^(b)	TSFR6M + 5.428%	10.5810	12/20/27		96,120
	307,616	US Anesthesia Partners, Inc.^(b)	TSFR1M + 4.250%	9.7170	09/23/28		294,843
							27,758,746
		HOME & OFFICE PRODUCTS — 0.5%
	69,000	AI Aqua Merger Sub, Inc.^(b)	TSFR1M + 4.250%	9.5760	07/30/28		69,395
	843,547	Osmosis Debt Merger Sub, Inc.^(b)	SOFRRATE + 3.750%	9.0720	06/17/28		846,011
	456,000	Weber-Stephen Products, LLC^(b)	TSFR1M + 3.250%	4.0000	10/20/27		423,368
	677,499	Weber-Stephen Products, LLC^(b)	TSFR1M + 4.350%	9.6860	10/29/27		630,355
							1,969,129
		HOME CONSTRUCTION — 0.0%^(c)
	167,000	MIWD Holdco II, LLC^(b)	TSFR1M + 3.600%	8.8250	03/21/31		167,992

		INDUSTRIAL INTERMEDIATE PROD — 0.0%^(c)
	189,000	Crosby US Acquisition Corporation^(b)	TSFR1M + 4.000%	9.3220	08/13/29		190,280

		INDUSTRIAL SUPPORT SERVICES — 0.0%^(c)
	104,000	BCPE Empire Holdings, Inc.^(b)	TSFR1M + 4.000%	9.3340	12/25/28		104,234

		INSTITUTIONAL FINANCIAL SERVICES — 2.3%
	4,712,632	Aretec Group, Inc.^(b)	TSFR1M + 4.600%	9.9560	03/08/30		4,745,031
	1,551,612	Armor Holdco, Inc.^(b)	TSFR6M + 4.500%	9.9340	10/29/28		1,560,014
	1,248,689	Ascensus Holdings, Inc.^(b)	TSFR1M + 3.500%	8.9410	08/02/28		1,245,724
	379,000	Eisner Advisory Group, LLC^(b)	TSFR1M + 4.000%	9.3210	02/24/31		381,014
	1,396,044	Jane Street Group, LLC^(b)	TSFR1M + 2.615%	7.9520	01/26/28		1,398,312
							9,330,095
		INSURANCE — 10.0%
	590,907	Acrisure, LLC^(b)	TSFR1M + 3.500%	8.9410	01/31/27		591,276
	2,122,000	Acrisure, LLC^(b)	TSFR1M + 4.500%	9.8260	10/20/30		2,135,263

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		INSURANCE — 10.0% (Continued)
	1,777,244	AmWINS Group, Inc.^(b)	TSFR1M + 2.250%	7.7200	02/17/28	$	1,779,465
	103,163	AssuredPartners, Inc.^(b)	SOFRRATE + 3.500%	8.8560	02/13/27		103,372
	1,084,352	AssuredPartners, Inc.^(b)	TSFR1M + 3.500%	8.9700	02/13/27		1,086,520
	1,509,970	AssuredPartners, Inc.^(b)	TSFR1M + 3.500%	8.9700	02/13/27		1,513,231
	80,000	AssuredPartners, Inc.^(b)	TSFR1M + 3.500%	8.8220	02/10/31		80,200
	3,322,782	Asurion, LLC^(b)	TSFR1M + 3.365%	8.6910	12/18/26		3,263,437
	2,411,000	Asurion, LLC^(b)	TSFR1M + 5.250%	10.6910	01/29/28		2,186,476
	596,977	Asurion, LLC^(b)	TSFR1M + 4.000%	9.4560	08/17/28		576,456
	900,000	Asurion, LLC^(b)	TSFR1M + 5.250%	10.6910	01/14/29		809,510
	1,243,622	Baldwin Risk Partners, LLC^(b)	TSFR1M + 3.500%	8.9510	10/14/27		1,244,661
	791,621	BroadStreet Partners, Inc.^(b)	TSFR1M + 3.000%	8.4700	01/22/27		794,530
	3,694,589	BroadStreet Partners, Inc.^(b)	TSFR1M + 4.000%	9.0760	01/26/29		3,709,828
	3,135,134	HUB International Ltd.^(b)	TSFR1M + 3.250%	8.5820	06/20/30		3,139,821
	2,986,477	Hyperion Refinance Sarl^(b)	TSFR1M + 4.000%	9.3260	03/24/30		3,001,425
	1,707,000	Hyperion Refinance Sarl^(b)	TSFR1M + 3.500%	8.8070	02/03/31		1,710,201
	2,852,674	IMA Financial Group, Inc. (The)^(b)	TSFR1M + 3.850%	9.1910	11/01/28		2,860,390
	2,226,754	OneDigital Borrower, LLC^(b)	SOFRRATE + 4.250%	9.7060	11/16/27		2,229,537
	1,675,000	Ryan Specialty Group, LLC^(b)	SOFRRATE + 3.000%	8.0830	07/23/27		1,679,397
	2,141,792	Sedgwick Claims Management Services, Inc.^(b)	TSFR1M + 3.750%	9.0760	02/17/28		2,148,121
	1,006,000	Truist Insurance Holdings, LLC^(b)	TSFR1M + 3.250%	8.5680	03/24/31		1,005,577
	379,000	Truist Insurance Holdings, LLC^(b)	TSFR1M + 4.750%	10.0730	03/08/32		381,882
	1,452,297	USI, Inc.^(b)	TSFR1M + 3.000%	8.3480	11/22/29		1,454,716
	1,221,938	USI, Inc.^(b)	TSFR1M + 3.250%	8.5980	09/14/30		1,224,320
							40,709,612
		INTERNET MEDIA & SERVICES — 1.6%
	64,000	Hunter Holdco 3 Ltd.^(b)	TSFR3M + 4.350%	9.6980	08/06/28		64,040
	316,000	Knot Worldwide, Inc. (The)^(b)	TSFR1M + 4.500%	9.8440	01/31/28		316,000
	3,681,781	MH Sub I, LLC^(b)	TSFR1M + 4.250%	9.6060	05/03/28		3,664,201
	550,000	MH Sub I, LLC^(b)	TSFR1M + 6.250%	11.6060	02/23/29		531,682
	1,577,135	Pug, LLC^(b)	TSFR1M + 4.750%	10.0710	03/12/30		1,581,401
	591,227	Uber Technologies, Inc.^(b)	TSFR1M + 2.750%	8.0790	03/03/30		594,452
							6,751,776

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		LEISURE FACILITIES & SERVICES — 4.5%
	345,265	Alterra Mountain Company^(b)	TSFR1M + 3.750%	9.2060	05/09/30	$	347,423
	797,993	Bally’s Corporation^(b)	TSFR3M + 3.250%	8.8290	08/06/28		751,275
	146,000	BCPE Grill Parent, Inc.^(b)	TSFR1M + 4.750%	10.0760	09/21/30		145,152
	2,329,478	Fertitta Entertainment, LLC/NV^(b)	SOFRRATE + 4.000%	9.3560	01/13/29		2,337,736
	722,000	Fitness International, LLC^(b)	TSFR1M + 5.250%	10.5850	02/05/29		714,780
	689,000	Flutter Financing BV^(b)	TSFR1M + 2.250%	7.5980	11/18/30		690,536
	158,000	Hilton Grand Vacations Borrower, LLC^(b)	TSFR1M + 2.850%	8.0760	01/10/31		158,469
	900,000	IRB Holding Corporation^(b)	TSFR1M + 2.850%	8.1790	12/15/27		901,269
	402,000	Marriott Ownership Resorts, Inc.^(b)	TSFR1M + 2.350%	7.5710	03/17/31		400,995
	3,642,631	Ontario Gaming GTA, L.P.^(b)	TSFR1M + 4.250%	9.5980	07/20/30		3,659,552
	2,759,493	Raptor Acquisition Corporation^(b)	TSFR3M + 4.000%	9.6330	11/01/26		2,768,116
	3,228,248	Scientific Games Holdings, L.P.^(b)	SOFRRATE + 3.500%	8.5800	02/04/29		3,231,364
	105,000	Tacala Investment Corporation^(b)	TSFR1M + 4.000%	9.3370	01/27/31		105,230
	1,659,477	UFC Holdings, LLC^(b)	TSFR1M + 2.750%	8.3360	04/29/26		1,663,858
	1,000,000	Whatabrands, LLC^(b)	TSFR1M + 3.250%	6.3650	08/03/28		1,001,755
							18,877,510
		LEISURE PRODUCTS — 0.5%
	151,000	Amer Sports Company^(b)	TSFR1M + 3.250%	8.5740	02/10/31		151,378
	1,694,433	Varsity Brands Holding Company, Inc.^(b)	TSFR1M + 5.000%	10.4700	12/15/26		1,703,964
							1,855,342
		MACHINERY — 0.5%
	694,380	Standard Industries, Inc.^(b)	TSFR1M + 2.500%	7.6850	08/06/28		695,480
	204,000	STS Operating, Inc.^(b)	TSFR1M + 4.100%	9.3210	03/17/31		204,702
	1,000,000	Titan Acquisition Ltd.^(b)	TSFR1M + 5.000%	10.3350	02/01/29		1,003,855
							1,904,037
		MEDICAL EQUIPMENT & DEVICES — 0.6%
	1,483,155	Bausch + Lomb Corporation^(b)	SOFRRATE + 3.250%	8.6830	05/05/27		1,469,436
	934,067	Mozart Borrower, L.P.^(b)	TSFR1M + 3.250%	8.4410	09/30/28		937,145
							2,406,581
		OIL & GAS PRODUCERS — 2.1%
	3,067,054	EPIC Crude Services, L.P.^(b)	TSFR6M + 5.428%	10.9290	03/01/26		3,077,192
	466,872	GIP III Stetson I, L.P.^(b)	TSFR1M + 4.350%	9.7060	10/05/28		469,440

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		OIL & GAS PRODUCERS — 2.1% (Continued)
	2,312,872	Medallion Midland Acquisition, L.P.^(b)	TSFR1M + 3.500%	8.8300	10/18/28	$	2,319,614
	875,185	Parkway Generation, LLC^(b)	TSFR1M + 4.864%	10.3240	02/18/29		874,309
	115,967	Parkway Generation, LLC^(b)	TSFR1M + 4.750%	10.3240	02/18/29		115,851
	1,514,249	Prairie ECI Acquiror, L.P.^(b)	TSFR1M + 4.750%	10.0710	08/01/29		1,510,600
	148,000	WhiteWater DBR HoldCo, LLC^(b)	TSFR1M + 2.750%	8.0760	02/18/31		148,431
							8,515,437
		PUBLISHING & BROADCASTING — 1.2%
	1,507,791	Cengage Learning, Inc.^(b)	TSFR1M + 4.250%	9.5730	03/18/31		1,508,024
	569,000	Century DE Buyer, LLC^(b)	TSFR1M + 4.000%	9.3170	09/27/30		571,774
	2,477,043	Mav Acquisition Corporation^(b)	TSFR1M + 4.750%	10.2200	07/21/28		2,484,561
	517,940	Sinclair Television Group, Inc.^(b)	SOFRRATE + 3.750%	9.1760	04/13/29		415,864
							4,980,223
		RENEWABLE ENERGY — 0.2%
	933,915	Granite Acquisition, Inc.^(b)	TSFR1M + 2.865%	3.2500	03/17/28		872,944

		RETAIL - CONSUMER STAPLES — 0.1%
	370,000	BJ’s Wholesale Club, Inc.^(b)	TSFR1M + 2.000%	7.3330	02/03/29		371,928

		RETAIL - DISCRETIONARY — 3.9%
	652,000	Avis Budget Car Rental, LLC^(b)	TSFR1M + 3.100%	8.4560	03/16/29		653,832
	125,000	Beacon Roofing Supply, Inc.^(b)	TSFR1M + 2.000%	7.3210	05/19/28		125,270
	1,391,795	Belron Finance US, LLC^(b)	TSFR1M + 2.115%	7.5780	04/28/28		1,394,578
	795,005	Belron Finance US, LLC^(b)	TSFR1M + 2.350%	7.6830	04/13/29		796,663
	152,000	Foundation Building Materials, Inc.^(b)	TSFR1M + 4.000%	9.3370	01/27/31		152,827
	1,380,643	Harbor Freight Tools USA, Inc.^(b)	TSFR1M + 2.865%	8.1910	10/19/27		1,381,347
	1,074,990	Hertz Corporation (The)^(b)	TSFR1M + 3.250%	8.6910	06/14/28		1,042,590
	207,789	Hertz Corporation (The)^(b)	TSFR1M + 3.250%	8.6910	06/14/28		201,526
	1,500,000	Hertz Corporation (The)^(b)	TSFR1M + 3.865%	9.0820	06/30/28		1,461,375
	123,000	Kodiak BP, LLC^(b)	TSFR1M + 3.750%	9.0750	03/13/28		123,154
	3,290,198	Mavis Tire Express Services Topco Corporation^(b)	TSFR1M + 3.750%	9.0820	05/04/28		3,299,543
	1,008,228	Michaels Companies, Inc. (The)^(b)	TSFR3M + 4.250%	9.8600	04/09/28		907,178
	1,447,284	Peer Holding III BV^(b)	TSFR1M + 3.250%	8.5980	10/19/30		1,451,582
	1,678,365	Petco Health & Wellness Company, Inc.^(b)	TSFR3M + 3.350%	8.8600	02/25/28		1,556,163

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		RETAIL - DISCRETIONARY — 3.9% (Continued)
	1,147,059	PetSmart, Inc.^(b)	TSFR1M + 3.750%	9.1760	01/29/28	$	1,145,866
	161,396	Staples, Inc.^(b)	SOFR + CSR	10.4670	04/09/26		160,113
							15,853,607
		SEMICONDUCTORS — 0.2%
	1,000,000	MKS Instruments, Inc.^(b)	TSFR1M + 2.500%	7.8230	08/17/29		1,001,980

		SOFTWARE — 12.4%
	1,000,000	athenahealth, Inc.^(b)	SOFRRATE + 3.500%	8.5760	01/27/29		993,050
	2,745,294	Boxer Parent Company, Inc.^(b)	TSFR1M + 4.250%	9.6020	12/08/28		2,766,172
	1,250,000	Bracket Intermediate Holding Corporation^(b)	TSFR1M + 5.100%	10.4480	05/03/28		1,255,156
	4,074,363	Central Parent, Inc.^(b)	TSFR1M + 4.000%	9.3480	07/06/29		4,091,109
	94,000	Cloud Software Group, Inc.^(b)	TSFR1M + 4.500%	9.8270	03/19/31		93,501
	1,826,000	Cotiviti, Inc.^(b)	TSFR1M + 3.250%	8.5710	02/24/31		1,823,718
	195,000	Dayforce, Inc.^(b)	TSFR1M + 2.500%	7.8210	02/16/31		195,488
	1,000,000	ECI Macola/Max Holding, LLC^(b)	TSFR1M + 3.750%	9.0790	05/28/30		1,004,400
	697,626	Genesys Cloud Services Holdings II, LLC^(b)	TSFR1M + 4.115%	9.1820	12/01/27		701,117
	5,457,981	Greeneden US Holdings II, LLC^(b)	TSFR1M + 4.000%	9.4410	10/08/27		5,480,385
	1,302,409	HS Purchaser, LLC^(b)	SOFRRATE + 4.000%	9.4260	11/30/26		1,262,849
	750,000	HS Purchaser, LLC^(b)	TSFR6M + 12.351%	12.1930	11/19/27		625,313
	1,856,080	Idera, Inc.^(b)	TSFR1M + 3.750%	9.2060	03/02/28		1,851,932
	1,477,500	Imprivata, Inc.^(b)	TSFR1M + 4.250%	9.5630	12/01/27		1,481,659
	168,000	Instructure Holdings, Inc.^(b)	TSFR1M + 2.865%	8.3550	10/30/28		168,210
	618,000	Marcel Bidco, LLC^(b)	TSFR1M + 4.500%	9.8100	10/26/30		623,698
	1,143,000	Mitchell International, Inc.^(b)	TSFR1M + 3.750%	9.1910	08/01/28		1,144,760
	668,393	Mitchell International, Inc.^(b)	TSFR1M + 3.750%	9.4000	10/01/28		669,422
	675,000	Mitchell International, Inc.^(b)	TSFR1M + 6.500%	11.9410	10/01/29		675,422
	2,500,000	Mosel Bidco S.E.^(b)	TSFR1M + 4.750%	10.0980	08/01/30		2,509,375
	1,250,000	Project Alpha Intermediate Holding, Inc.^(b)	TSFR1M + 4.750%	10.0630	10/19/30		1,258,244
	513,377	Project Sky Merger Sub, Inc.^(b)	TSFR1M + 3.750%	9.2060	08/10/28		512,256
	1,235,398	Project Sky Merger Sub, Inc.^(b)	TSFR1M + 6.000%	11.4560	08/10/29		1,227,676
	802,989	Proofpoint, Inc.^(b)	TSFR1M + 3.250%	8.6910	06/10/28		804,302
	1,596,000	Quartz Acquireco, LLC^(b)	TSFR1M + 3.500%	8.8560	06/28/30		1,603,485
	2,483,260	SolarWinds Holdings, Inc.^(b)	TSFR1M + 3.250%	8.5860	02/05/27		2,492,573

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		SOFTWARE — 12.4% (Continued)
	628,975	Surf Holdings, LLC^(b)	TSFR1M + 3.500%	8.9480	10/14/26	$	630,981
	1,456,855	TIBCO Software, Inc.^(b)	TSFR3M + 4.500%	9.9480	09/30/28		1,452,907
	1,745,150	TIBCO Software, Inc.^(b)	TSFR3M + 4.500%	9.9480	03/30/29		1,739,191
	846,220	UKG, Inc.^(b)	TSFR3M + 5.250%	10.6800	05/03/27		855,211
	4,432,499	UKG, Inc.^(b)	TSFR1M + 3.600%	8.8140	01/31/31		4,460,889
	686,000	Waystar Technologies, Inc.^(b)	TSFR1M + 4.000%	9.3330	10/31/29		688,573
	113,000	Webpros Investments Sarl^(b)	TSFR1M + 4.000%	9.3250	03/19/31		113,424
	1,422,000	Weld North Education, LLC^(b)	TSFR1M + 3.615%	8.9410	12/17/29		1,420,471
	1,750,000	Zelis Payments Buyer, Inc.^(b)	TSFR1M + 2.750%	8.0670	09/28/29		1,751,943
							50,428,862
		SPECIALTY FINANCE — 1.1%
	272,312	Apex Group Treasury, LLC^(b)	TSFR1M + 5.000%	10.3170	07/27/28		273,674
	1,246,803	Castlelake Aviation One DAC^(b)	TSFR3M + 2.500%	3.2500	10/22/26		1,248,436
	231,420	Citco Group Ltd. (The)^(b)	TSFR1M + 3.250%	8.4220	04/27/28		232,252
	317,000	Inception Finco Sarl^(b)	TSFR1M + 4.500%	9.8210	03/17/31		317,198
	2,425,000	Kestra Advisor Services Holdings A, Inc.^(b)	TSFR1M + 4.000%	9.3190	03/19/31		2,432,081
							4,503,641
		TECHNOLOGY SERVICES — 5.8%
	2,917,421	Access CIG, LLC^(b)	TSFR1M + 5.000%	10.3260	08/15/28		2,924,263
	335,000	Ahead DB Holdings, LLC^(b)	TSFR1M + 4.250%	9.5690	01/24/31		336,544
	531,966	Amentum Government Services Holdings, LLC^(b)	TSFR1M + 8.000%	0.0000	02/15/30		537,286
	3,151,250	Blackhawk Network Holdings, Inc.^(b)	TSFR1M + 5.000%	10.3190	02/26/29		3,160,295
	2,227,253	ION Trading Finance Ltd.^(b)	TSFR3M + 4.750%	10.1980	03/26/28		2,227,253
	212,000	KBR, Inc.^(b)	TSFR1M + 2.000%	7.5760	01/10/31		212,689
	3,064,825	Netsmart, Inc.^(b)	TSFR1M + 4.000%	9.2200	10/01/27		3,074,740
	2,228,219	Peraton Corporation^(b)	TSFR1M + 3.750%	9.1760	02/24/28		2,230,492
	128,919	Peraton Corporation^(b)	TSFR3M + 7.750%	13.1760	02/01/29		129,531
	2,909,967	Presidio Holdings, Inc.^(b)	TSFR1M + 3.500%	8.9560	12/19/26		2,922,699
	399,500	Sabre GLBL, Inc.^(b)	TSFR1M + 5.000%	10.4560	06/30/28		350,561
	782,853	Tempo Acquisition, LLC^(b)	TSFR1M + 2.750%	8.1060	08/31/28		786,215
	4,708,089	Verscend Holding Corporation^(b)	TSFR1M + 4.000%	9.4410	08/27/25		4,713,974
							23,606,542
		TELECOMMUNICATIONS — 1.7%
	495,000	Altice France S.A.^(b)	TSFR1M + 4.000%	9.5690	01/31/26		420,307

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		TERM LOANS — 87.5% (Continued)
		TELECOMMUNICATIONS — 1.7% (Continued)
	4,274,566	CCI Buyer, Inc.^(b)	SOFRRATE + 4.000%	9.3480	12/12/27	$	4,255,095
	730,000	Crown Subsea Communications Holding, Inc.^(b)	TSFR1M + 4.750%	10.0820	01/27/31		735,172
	1,078,681	Intrado Corporation^(b)	TSFR1M + 3.000%	8.8300	01/25/30		1,082,861
	1,581,067	Xplornet Communications, Inc.^(b)	TSFR1M + 4.000%	9.6100	09/30/28		752,738
							7,246,173
		TRANSPORTATION & LOGISTICS — 4.1%
	2,514,596	AAdvantage Loyalty IP Ltd.^(b)	TSFR1M + 4.750%	10.3290	03/10/28		2,615,708
	195,000	Air Canada^(b)	TSFR1M + 2.500%	7.8210	03/14/31		195,610
	1,150,000	American Airlines, Inc.^(b)	TSFR1M + 2.750%	8.5970	02/09/28		1,151,041
	1,403,955	American Airlines, Inc.^(b)	TSFR1M + 3.500%	8.7750	05/29/29		1,410,097
	747,949	Brown Group Holding, LLC^(b)	TSFR1M + 2.750%	8.1760	04/22/28		748,290
	407,035	Kenan Advantage Group, Inc. (The)^(b)	TSFR1M + 3.750%	9.0760	01/19/29		407,926
	3,140,283	KKR Apple Bidco, LLC^(b)	TSFR1M + 4.000%	8.8560	09/23/28		3,152,280
	2,379,412	Patriot Rail Company, LLC^(b)	TSFR3M + 4.262%	9.6100	10/18/26		2,382,386
	2,200,000	Savage Enterprises, LLC^(b)	TSFR1M + 3.365%	8.5660	09/17/28		2,204,125
	1,968,722	United Airlines, Inc.^(b)	TSFR1M + 2.750%	8.0760	02/17/31		1,974,254
	413,676	WestJet Airlines Ltd.^(b)	TSFR3M + 3.000%	8.4260	10/08/26		414,097
							16,655,814
		WHOLESALE - CONSUMER STAPLES — 0.3%
	1,054,148	Quirch Foods Holdings, LLC^(b)	SOFRRATE + 4.500%	10.3870	10/27/27		1,057,442

		WHOLESALE - DISCRETIONARY — 0.1%
	241,000	CI Maroon Holdings, LLC^(b)	TSFR1M + 4.000%	9.3200	03/03/31		242,205

		TOTAL TERM LOANS (Cost $357,311,095)					358,191,407

CATALYST/CIFC FLOATING RATE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		SHORT-TERM INVESTMENTS — 9.8%
		MONEY MARKET FUNDS - 9.8%
	40,160,145	First American Treasury Obligations Fund, Class X, 5.22% (Cost $40,160,145)^(d)	$	40,160,145

		TOTAL INVESTMENTS - 109.8% (Cost $448,247,035)	$	449,775,679
		LIABILITIES IN EXCESS OF OTHER ASSETS - (9.8)%		(40,184,439	)
		NET ASSETS - 100.0%	$	409,591,240

ETF	- Exchange-Traded Fund

LLC	- Limited Liability Company

LTD	- Limited Company

SPDR	- Standard & Poor’s Depositary Receipt

SOFRRATE	United States SOFR Secured Overnight Financing Rate

TSFR1M	Secured Overnight Financing Rate 1 Month

TSFR3M	Secured Overnight Financing Rate 3 Month

TSFR6M	Secured Overnight Financing Rate 6 Month

^(a)	Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2024 the total market value of 144A securities is 36,710,689 or 9.0% of net assets.

^(b)	Variable rate security; the rate shown represents the rate on March 31, 2024.

^(c)	Percentage rounds to less than 0.1%.

^(d)	Rate disclosed is the seven day effective yield as of March 31, 2024.

CATALYST/SMH HIGH INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

			Coupon Rate
Shares			(%)	Maturity	Fair Value
		PREFERRED STOCKS — 2.6%
		LEISURE FACILITIES & SERVICES — 2.6%
	25,352	FAT Brands, Inc.	8.2500		$	395,998

		TOTAL PREFERRED STOCKS (Cost $563,439)				395,998

Principal
Amount ($)
		CONVERTIBLE BONDS — 6.3%
		INTERNET MEDIA & SERVICES — 4.2%
	1,000,000	fuboTV, Inc.	3.2500	02/15/26		645,100

		SPECIALTY FINANCE — 2.1%
	410,000	Upstart Holdings, Inc.	0.2500	08/15/26		322,096

		TOTAL CONVERTIBLE BONDS (Cost $1,176,475)				967,196

		CORPORATE BONDS — 88.5%
		APPAREL & TEXTILE PRODUCTS — 1.9%
	300,000	Under Armour, Inc.	3.2500	06/15/26		284,619

		ASSET MANAGEMENT — 2.1%
	350,000	Icahn Enterprises, L.P. / Icahn Enterprises	5.2500	05/15/27		324,815

		AUTOMOTIVE — 4.4%
	741,000	American Axle & Manufacturing, Inc.^(a)	5.0000	10/01/29		668,260

		CHEMICALS — 3.7%
	607,000	Rayonier AM Products, Inc.^(b)	7.6250	01/15/26		557,751

		CONSUMER SERVICES — 1.9%
	300,000	Upbound Group, Inc.^(b)	6.3750	02/15/29		291,523

CATALYST/SMH HIGH INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal			Coupon Rate
Amount ($)			(%)	Maturity	Fair Value
		CORPORATE BONDS — 88.5% (Continued)
		ENGINEERING & CONSTRUCTION — 3.1%
	480,000	Tutor Perini Corporation^(a),(b)	6.8750	05/01/25	$	475,464

		HOME CONSTRUCTION — 3.8%
	582,000	Beazer Homes USA, Inc.	5.8750	10/15/27		574,448

		HOUSEHOLD PRODUCTS — 0.9%
	150,000	Central Garden & Pet Company^(a)	4.1250	10/15/30		134,722

		INSTITUTIONAL FINANCIAL SERVICES — 1.6%
	300,000	Coinbase Global, Inc.^(a),(b)	3.6250	10/01/31		242,567

		LEISURE FACILITIES & SERVICES — 4.9%
	200,000	Full House Resorts, Inc. ^(b)	8.2500	02/15/28		191,286
	550,000	Odeon Finco plc ^(b)	12.7500	11/01/27		559,870
						751,156
		MACHINERY — 3.8%
	578,000	Titan International, Inc.	7.0000	04/30/28		570,888

		METALS & MINING — 7.3%
	865,000	Coeur Mining, Inc.^(a),(b)	5.1250	02/15/29		822,713
	300,000	Hecla Mining Company ^(a)	7.2500	02/15/28		300,742
						1,123,455
		OIL & GAS PRODUCERS — 1.2%
	175,000	Occidental Petroleum Corporation^(a)	6.6000	03/15/46		188,762

		OIL & GAS SERVICES & EQUIPMENT — 9.7%
	521,000	Nine Energy Service, Inc.^(a)	13.0000	02/01/28		427,720
	593,000	Transocean, Inc. ^(b)	11.5000	01/30/27		618,495
	517,000	Transocean, Inc.	6.8000	03/15/38		433,633
						1,479,848
		REAL ESTATE INVESTMENT TRUSTS — 14.8%
	400,000	CoreCivic, Inc.^(a)	4.7500	10/15/27		378,928
	425,000	EPR Properties	3.7500	08/15/29		375,907
	651,000	MPT Operating Partnership, L.P. / MPT Finance^(a)	5.0000	10/15/27		549,948

CATALYST/SMH HIGH INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal			Coupon Rate
Amount ($)			(%)	Maturity	Fair Value
		CORPORATE BONDS — 88.5% (Continued)
		REAL ESTATE INVESTMENT TRUSTS — 14.8% (Continued)
	1,269,000	Office Properties Income Trust	3.4500	10/15/31	$	524,651
	447,000	Service Properties Trust	5.2500	02/15/26		432,225
						2,261,659
		REAL ESTATE OWNERS & DEVELOPERS — 4.8%
	840,000	Howard Hughes Corporation (The)^(a),(b)	4.3750	02/01/31		730,162

		RETAIL - DISCRETIONARY — 10.6%
	1,065,000	Bed Bath & Beyond, Inc.^(c)	5.1650	08/01/44		7,759
	400,000	Carvana Company^(b)	14.0000	06/01/31		402,399
	783,000	Kohl’s Corporation	5.5500	07/17/45		575,865
	825,000	Nordstrom, Inc.^(a)	5.0000	01/15/44		640,402
						1,626,425

		SPECIALTY FINANCE — 3.7%
	557,000	Enova International, Inc.^(b)	8.5000	09/15/25		556,226

		STEEL — 4.3%
	653,000	United States Steel Corporation	6.6500	06/01/37		660,370

		TECHNOLOGY HARDWARE — 0.0%
	8,669,000	ENERGY CONVERSION DEVICES INC^(b)(c)(e)(f)	0.0000	12/15/49		—

		TOTAL CORPORATE BONDS (Cost $17,218,446)				13,503,120

Shares
		SHORT-TERM INVESTMENTS — 32.2%
		COLLATERAL FOR SECURITIES LOANED - 31.3%
	4,776,495	Mount Vernon Liquid Assets Portfolio, , 5.44% (Cost $4,776,495)^(d)(g)				4,776,495

		MONEY MARKET FUNDS - 0.9%
	130,862	First American Treasury Obligations Fund, Class X, 5.22% (Cost $130,862)^(d)				130,862

		TOTAL SHORT-TERM INVESTMENTS (Cost $4,907,357)				4,907,357

CATALYST/SMH HIGH INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

	Fair Value
TOTAL INVESTMENTS - 129.6% (Cost $23,865,717)	$	19,773,671
LIABILITIES IN EXCESS OF OTHER ASSETS - (29.6)%		(4,518,946	)
NET ASSETS - 100.0%	$	15,254,725

LP	- Limited Partnership

PLC	- Public Limited Company

^(a)

All or a portion for these securities are on loan. Total loaned securities had a value of $4,690,044 at March 31, 2024.

^(b)

Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2024 the total market value of 144A securities is 5,448,456 or 35.7% of net assets.

^(c)

Represents issuer in default on interest payments; non-income producing security.

^(d)

Rate disclosed is the seven day effective yield as of March 31, 2024.

^(e)

Illiquid security. The total fair value of these securities as of December 31, 2023 was $0, representing 0% of net assets.

^(f)

The value of this security has been determined in good faith under policies of the Board of Trustees. The total of these securities is $0 or 0.0% of net assets.

^(g)

Mutual Fund Series Trust’s securities lending policy and procedures require that the borrower: (i) deliver cash or U.S. Government securities as collateral with respect to each new loan of U.S. securities, equal to at least 102% of the value of the portfolio securities loaned, and (ii) at all times thereafter mark-to-market the collateral on a daily basis so that the market value of such collateral is at least 100% of the value of securities loaned. From time to time the collateral may not be 102% due to end of day market movement. The next business day additional collateral is obtained/received from the borrower to replenish/reestablish 102%.

CATALYST/SMH TOTAL RETURN INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares			Fair Value
		COMMON STOCKS — 31.9%
		ASSET MANAGEMENT - 12.5%
	3,300	Apollo Global Management, Inc.^(a)	$	371,085
	35,292	Compass Diversified Holdings^(a)		849,478
	99,131	PennantPark Investment Corporation^(a)		682,021
	42,466	SuRo Capital Corporation^(b)		193,220
	49,500	US Global Investors, Inc., Class A		137,610
				2,233,414
		AUTOMOTIVE - 0.5%
	6,200	Ford Motor Company		82,336

		BUSINESS DEVELOPMENT COMPANIES - 6.2%
	12,128	Main Street Capital Corporation^(a)		573,775
	95,140	Prospect Capital Corporation^(a)		525,173
				1,098,948
		DIVERSIFIED INDUSTRIALS - 1.4%
	2,393	3M Company		253,826

		FOOD - 1.1%
	5,284	Kraft Heinz Company (The)		194,980

		GAMING REIT - 1.3%
	7,475	VICI Properties, Inc.		222,680

		INDUSTRIAL REIT - 1.4%
	2,390	Innovative Industrial Properties, Inc.^(a)		247,461

		MIXED ALLOCATION - 1.1%
	28,919	NexPoint Diversified Real Estate Trust^(a)		190,865

		RETAIL REIT - 1.4%
	5,000	Realty Income Corporation^(a)		270,500

		TECHNOLOGY HARDWARE - 0.6%
	697	Apple, Inc.		119,522

CATALYST/SMH TOTAL RETURN INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares					Fair Value
		COMMON STOCKS — 31.9% (Continued)
		TECHNOLOGY SERVICES - 0.1%
	432	Kyndryl Holdings, Inc.^(b)			$	9,400

		TELECOMMUNICATIONS - 2.5%
	14,000	AT&T, Inc.				246,400
	4,561	Verizon Communications, Inc.				191,380
						437,780
		TRANSPORT OPERATIONS & SERVICES - 1.8%
	26,000	AFC Gamma, Inc.				321,880

		TOTAL COMMON STOCKS (Cost $7,260,507)				5,683,592

Principal			Coupon Rate
Amount ($)			(%)	Maturity
		CONVERTIBLE BONDS — 6.4%
		INTERNET MEDIA & SERVICES — 2.4%
	662,000	fuboTV, Inc.	3.2500	02/15/26		427,056

		SPECIALTY FINANCE — 4.0%
	717,000	EZCORP, Inc.	2.3750	05/01/25		712,599

		TOTAL CONVERTIBLE BONDS (Cost $1,260,289)				1,139,655

		CORPORATE BONDS — 57.6%
		ASSET MANAGEMENT — 1.8%
	350,000	Icahn Enterprises, L.P. / Icahn Enterprises	5.2500	05/15/27		324,815

		AUTOMOTIVE — 3.2%
	639,000	American Axle & Manufacturing, Inc.^(a)	5.0000	10/01/29		576,273

		CHEMICALS — 2.7%
	520,000	Rayonier AM Products, Inc.^(c)	7.6250	01/15/26		477,810

CATALYST/SMH TOTAL RETURN INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal			Coupon Rate
Amount ($)			(%)	Maturity	Fair Value
		CORPORATE BONDS — 57.6% (Continued)
		HOME CONSTRUCTION — 3.5%
	635,000	Beazer Homes USA, Inc.	5.8750	10/15/27	$	626,760

		LEISURE FACILITIES & SERVICES — 4.7%
	300,000	Full House Resorts, Inc.^(c)	8.2500	02/15/28		286,929
	515,000	Odeon Finco PLC^(c)	12.7500	11/01/27		524,242
						811,171
		MACHINERY — 3.8%
	687,000	Titan International, Inc.	7.0000	04/30/28		678,547

		METALS & MINING — 2.8%
	534,000	Coeur Mining, Inc.^(a),(c)	5.1250	02/15/29		507,894

		OIL & GAS PRODUCERS — 2.1%
	350,000	Occidental Petroleum Corporation^(a)	6.6000	03/15/46		377,525

		OIL & GAS SERVICES & EQUIPMENT — 11.7%
	596,000	Nine Energy Service, Inc.^(a)	13.0000	02/01/28		489,293
	754,000	Transocean, Inc.^(c)	11.5000	01/30/27		786,415
	953,000	Transocean, Inc.^(a)	6.8000	03/15/38		799,328
						2,075,036
		REAL ESTATE INVESTMENT TRUSTS — 10.0%
	778,000	CoreCivic, Inc.	4.7500	10/15/27		737,015
	537,000	MPT Operating Partnership, L.P. / MPT Finance^(a)	5.0000	10/15/27		453,644
	672,000	Office Properties Income Trust	3.4500	10/15/31		277,829
	332,000	Service Properties Trust	5.2500	02/15/26		321,026
						1,789,514
		REAL ESTATE OWNERS & DEVELOPERS — 2.2%
	445,000	Howard Hughes Corporation (The)^(c)	4.3750	02/01/31		386,812

		RETAIL - DISCRETIONARY — 4.5%
	373,000	Bed Bath & Beyond, Inc.^(d)	5.1650	08/01/44		2,717
	400,000	Carvana Company^(c)	14.0000	06/01/31		402,399
	528,000	Kohl’s Corporation	5.5500	07/17/45		388,323
						793,439

CATALYST/SMH TOTAL RETURN INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal			Coupon Rate
Amount ($)			(%)	Maturity	Fair Value
		CORPORATE BONDS — 57.6% (Continued)
		SPECIALTY FINANCE — 3.7%
	647,000	Enova International, Inc.^(c)	8.5000	09/15/25	$	646,101

		TECHNOLOGY HARDWARE — 0.0%
	5,543,000	ENERGY CONVERSION DEVICES INC^(c)(d)(f)(g)	0.0000	12/15/49		—

		TECHNOLOGY SERVICES — 0.9%
	200,000	Kyndryl Holdings, Inc.	3.1500	10/15/31		168,705

		TOTAL CORPORATE BONDS (Cost $12,026,948)				10,240,402

Shares
		SHORT-TERM INVESTMENTS — 36.7%
		COLLATERAL FOR SECURITIES LOANED - 34.1%
	6,052,805	Mount Vernon Liquid Assets Portfolio, , 5.44% (Cost $6,052,805)^(e)(h)				6,052,805

		MONEY MARKET FUNDS - 2.6%
	469,567	First American Treasury Obligations Fund, Class X, 5.22% (Cost $469,567)^(e)				469,567

		TOTAL SHORT-TERM INVESTMENTS (Cost $6,522,372)				6,522,372

		TOTAL INVESTMENTS - 132.6% (Cost $27,070,116)			$	23,586,021
		LIABILITIES IN EXCESS OF OTHER ASSETS - (32.6)%				(5,803,096	)
		NET ASSETS - 100.0%			$	17,782,925

PLC	- Public Limited Company

REIT	- Real Estate Investment Trust

CATALYST/SMH TOTAL RETURN INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

^(a)

All or a portion for these securities are on loan. Total loaned securities had a value of $5,932,629 at March 31, 2024.

^(b)

Non-income producing security.

^(c)

^(d)

Represents issuer in default on interest payments; non-income producing security.

^(e)

Rate disclosed is the seven day effective yield as of March 31, 2024.

^(f)

Illiquid security. The total fair value of these securities as of December 31, 2023 was $0, representing 0% of net assets.

^(g)

The value of this security has been determined in good faith under policies of the Board of Trustees. The total of these securities is $0 or 0.0% of net assets.

^(h)

CATALYST BUFFERED SHIELD FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Shares									Fair Value
		EXCHANGE-TRADED FUNDS — 87.6%
		FIXED INCOME - 87.6%
	148,764	iShares 1-5 Year Investment Grade Corporate Bond ETF^(a)							$	7,628,617
	122,165	PGIM Ultra Short Bond ETF^(a)								6,071,601
	84,723	Vanguard Short-Term Corporate Bond ETF								6,549,935
		TOTAL EXCHANGE-TRADED FUNDS (Cost $20,884,715)								20,250,153

		SHORT-TERM INVESTMENT — 2.7%
		MONEY MARKET FUND - 2.7%
	612,684	First American Treasury Obligations Fund, Class X, 5.22% (Cost $612,684)^(b)								612,684

Contracts^(c)			Counterparty	Expiration Date	Exercise Price		Notional Value
		EQUITY OPTIONS PURCHASED - 17.0%
		CALL OPTIONS PURCHASED - 16.1%
	30	SPDR S&P 500 ETF Trust	FCS	06/21/2024	$	420	$	1,569,210	$	327,270
	150	SPDR S&P 500 ETF Trust	FCS	06/21/2024		440		7,846,050		1,357,950
	100	SPDR S&P 500 ETF Trust	FCS	09/20/2024		425		5,230,700		1,102,450
	100	SPDR S&P 500 ETF Trust	FCS	12/20/2024		515		5,230,700		422,500
	100	SPDR S&P 500 ETF Trust	FCS	03/21/2025		515		5,230,700		497,100
		TOTAL CALL OPTIONS PURCHASED (Cost - $1,870,379)								3,707,270

		PUT OPTIONS PURCHASED - 0.9%
	125	SPDR S&P 500 ETF Trust	FCS	06/21/2024		400		6,538,375		6,500
	50	SPDR S&P 500 ETF Trust	FCS	06/21/2024		405		2,615,350		2,800
	100	SPDR S&P 500 ETF Trust	FCS	09/20/2024		385		5,230,700		14,700
	100	SPDR S&P 500 ETF Trust	FCS	12/20/2024		460		5,230,700		73,000
	100	SPDR S&P 500 ETF Trust	FCS	03/21/2025		475		5,230,700		122,700
		TOTAL PUT OPTIONS PURCHASED (Cost - $567,027)								219,700

		TOTAL EQUITY OPTIONS PURCHASED (Cost - $2,437,406)								3,926,970

		TOTAL INVESTMENTS- 107.3% (Cost $23,934,805)							$	24,789,807
		CALL OPTIONS WRITTEN - (5.4)% (Proceeds - $348,313)								(1,251,280	)
		PUT OPTIONS WRITTEN - (1.9)% (Proceeds - $1,138,681)								(429,825	)
		OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0%^(d)								11,135
		NET ASSETS - 100.0%							$	23,119,837

CATALYST BUFFERED SHIELD FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Contracts^(c)			Counterparty	Expiration Date	Exercise Price		Notional Value		Fair Value
		WRITTEN EQUITY OPTIONS - (7.3)%
		CALL OPTIONS WRITTEN - (5.4)%
	155	SPDR S&P 500 ETF Trust	FCS	06/21/2024	$	505	$	8,107,585	$	462,055
	25	SPDR S&P 500 ETF Trust	FCS	06/21/2024		515		1,307,675		55,125
	100	SPDR S&P 500 ETF Trust	FCS	09/20/2024		485		5,230,700		557,300
	100	SPDR S&P 500 ETF Trust	FCS	12/20/2024		590		5,230,700		70,100
	100	SPDR S&P 500 ETF Trust	FCS	03/21/2025		595		5,230,700		106,700
		TOTAL CALL OPTIONS WRITTEN (Proceeds - $348,313)								1,251,280

		PUT OPTIONS WRITTEN - (1.9)%
	25	SPDR S&P 500 ETF Trust	FCS	06/21/2024		420		1,307,675		1,725
	150	SPDR S&P 500 ETF Trust	FCS	06/21/2024		440		7,846,050		15,000
	100	SPDR S&P 500 ETF Trust	FCS	09/20/2024		425		5,230,700		24,100
	100	SPDR S&P 500 ETF Trust	FCS	12/20/2024		515		5,230,700		175,000
	100	SPDR S&P 500 ETF Trust	FCS	03/21/2025		515		5,230,700		214,000
		TOTAL PUT OPTIONS WRITTEN (Proceeds - $1,138,681)								429,825

		TOTAL EQUITY OPTIONS WRITTEN (Proceeds - $1,486,994)							$	1,681,105

ETF	- Exchange-Traded Fund

FCS	- StoneX Group, Inc.

SPDR	- Standard & Poor’s Depositary Receipt

^(a)

All or a portion of this security is segregated as collateral for options written.

^(b)

Rate disclosed is the seven-day effective yield as of March 31, 2024.

^(c)

Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

^(d)

Percentage rounds to less than 0.1%.

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1%
		COLLATERALIZED MORTGAGE OBLIGATIONS — 29.6%
	146,552	Alternative Loan Trust Series 2006-J3 4A2		5.7500	05/25/26	$	138,218
	369,684	Alternative Loan Trust Series 2005-J1 1A8		5.5000	02/25/35		327,827
	232,458	Alternative Loan Trust Series 2005-3CB 2A1		5.0000	03/25/35		212,877
	2,364,934	Alternative Loan Trust Series 2005-43 4A3^(a)		4.0090	10/25/35		1,922,234
	1,819,747	Alternative Loan Trust Series 2005-69 A1^(b)	12MTA + 1.000%	3.5080	12/25/35		1,594,531
	1,065,527	Alternative Loan Trust Series 2006-4CB 2A6		5.5000	04/25/36		812,667
	161,500	Alternative Loan Trust Series 2006-4CB 2A3		5.5000	04/25/36		123,175
	409,816	Alternative Loan Trust Series 2006-28CB A3		6.5000	10/25/36		222,539
	1,655,584	Alternative Loan Trust Series 2006-45T1 2A5		4.2250	02/25/37		897,693
	641,096	Alternative Loan Trust Series 2007-12T1 A3		6.0000	06/25/37		299,447
	191,923	Banc of America Alternative Loan Trust Series 2006-4 3CB4		6.0000	05/25/46		165,124
	326,480	Banc of America Alternative Loan Trust Series 2006-6 2A8		6.0000	07/25/46		270,233
	452,807	Banc of America Alternative Loan Trust Series 2006-6 2A10		6.0000	07/25/46		374,796
	5,270	Banc of America Funding Trust Series 2004-3 1A11		5.5000	10/25/34		5,022
	207,425	Banc of America Funding Trust Series 2005-H 1A1^(a)		5.5960	11/20/35		192,775
	269,628	Banc of America Funding Trust Series 2010-R8 1A4^(c)		5.7500	05/26/36		162,011
	53,566	Banc of America Funding Trust Series 2006-5 4A8		6.0000	09/25/36		43,574
	810,281	Banc of America Funding Trust Series 2007-5 CA4		6.0000	07/25/37		691,663
	390,930	Banc of America Funding Trust Series 2006-H 2A2^(a)		4.6200	09/20/46		312,456
	40,262	Banc of America Funding Trust Series 2006-J 2A3^(a)		4.3430	01/20/47		33,596
	390,708	Banc of America Funding Trust Series 2006-J 4A1^(a)		5.2140	01/20/47		332,027
	130,001	Banc of America Funding Trust Series 2007-A 2A2^(b)	TSFR1M + 0.534%	5.8630	02/20/47		106,370
	416,329	Banc of America Funding Trust Series 2009-R9 3A3^(a),(c)		3.5070	11/25/56		292,942
	107,641	Banc of America Mortgage Trust Series 2005-A 1A1^(a)		3.9170	02/25/35		90,560
	8,555	Banc of America Mortgage Trust Series 2005-G 4A2^(a)		3.4750	08/25/35		7,357
	190,547	Banc of America Mortgage Trust Series 2007-2 A6		5.7500	05/25/37		141,619
	2,001,099	Banc of America Mortgage Trust Series 2007-2 A1^(b)	TSFR1M + 0.464%	5.7940	05/25/37		1,350,192
	731,018	Bear Stearns ALT-A Trust Series 2005-4 23A2^(a)		4.8650	05/25/35		682,072
	395,039	Bear Stearns ALT-A Trust Series 2005-5 24A1^(a)		4.3460	07/25/35		336,108
	86,592	Bear Stearns ARM Trust Series 2004-7 1A1^(a)		0.0001	10/25/34		58,831
	65,458	Bear Stearns ARM Trust Series 2005-12 13A1^(a)		5.0270	02/25/36		48,672
	61,168	Bear Stearns ARM Trust Series 2006-2 3A2^(a)		4.3010	07/25/36		53,575
	214,657	Bear Stearns ARM Trust Series 2006-4 2A1^(a)		4.4380	10/25/36		186,989
	911,720	BRAVO Residential Funding Trust Series NQM4 A2^(c),(d)		6.5870	05/25/63		912,220
	177,256	Chase Mortgage Finance Trust Series 2005-S2 A1		5.5000	10/25/35		165,892
	453,933	Chase Mortgage Finance Trust Series 2006-S2 1A19		6.2500	10/25/36		182,476

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		COLLATERALIZED MORTGAGE OBLIGATIONS — 29.6% (Continued)
	317,536	Chase Mortgage Finance Trust Series 2006-S3 1A6		6.0000	11/25/36	$	129,414
	203,286	ChaseFlex Trust Series 2005-2 2A2		6.5000	06/25/35		109,134
	89,339	ChaseFlex Trust Series 2006-1 A4^(a)		6.3000	06/25/36		76,139
	68,033	Chevy Chase Funding, LLC Mortgage-Backed Certificates Series 2004-1A A2^(b),(c)	TSFR1M + 0.444%	5.7740	01/25/35		64,082
	71,516	CHL Mortgage Pass-Through Trust Series 2005-HYB2 1A4^(a)		4.9440	05/20/35		66,879
	294,416	CHL Mortgage Pass-Through Trust Series 2005-18 A1		5.5000	10/25/35		164,896
	388,941	CHL Mortgage Pass-Through Trust Series 2006-HYB2 1A1^(a)		5.1610	04/20/36		332,353
	909,801	CHL Mortgage Pass-Through Trust Series 2006-12 A1		6.0000	07/25/36		459,313
	204,871	CHL Mortgage Pass-Through Trust Series 2007-J2 1A1		6.0000	07/25/37		177,160
	164,686	CHL Mortgage Pass-Through Trust Series 2007-J2 2A5		6.0000	07/25/37		58,661
	825,781	CHL Mortgage Pass-Through Trust Series 2007-17 3A1		2.6070	10/25/37		206,144
	688,352	CHL Mortgage Pass-Through Trust Series 2007-HY3 4A1^(a)		4.7500	06/25/47		678,920
	4,290,185	Citicorp Mortgage Securities Trust Series 2008-1 1A1		6.2500	02/25/38		3,936,470
	295,968	Citigroup Mortgage Loan Trust Series 2007-6 1A1A^(a)		4.0440	03/25/37		253,512
	2,927,558	Citigroup Mortgage Loan Trust, Inc. Series 2007-AR7 A3A^(a)		3.4680	05/25/47		2,278,448
	124,273	CitiMortgage Alternative Loan Trust Series 2007-A4 1A6		5.7500	04/25/37		112,967
	262,758	Credit Suisse First Boston Mortgage Securities Corportation Series 2005-5 6A3		5.0000	07/25/35		252,821
	2,747,263	Credit Suisse First Boston Mortgage Securities Corportation Series 2005-8 2A1		4.7180	09/25/35		816,880
	285,225	Credit Suisse First Boston Mortgage Securities Corportation Series 2005-11 8A4		6.0000	12/25/35		218,665
	30,849	CSFB Mortgage-Backed Pass-Through Certificates Series 2003-29 7A1		6.5000	12/25/33		30,788
	1,316,576	CSFB Mortgage-Backed Pass-Through Certificates Series 2005-10 3A3		4.0550	11/25/35		735,569
	205,095	CSFB Mortgage-Backed Pass-Through Certificates Series 2005-10 6A3		5.7500	11/25/35		79,483
	27,456	CSMC Mortgage-Backed Trust Series 2007-5 8A2		6.0000	10/25/24		25,871
	1,705,594	CSMC Mortgage-Backed Trust Series 2006-5 3A6		4.2740	06/25/36		310,293
	1,582,905	CSMC Mortgage-Backed Trust Series 2006-5 3A3		4.4450	06/25/36		299,074
	669,585	CSMC Mortgage-Backed Trust Series 2006-5 3A4		4.4450	06/25/36		126,511
	1,878,840	CSMC Mortgage-Backed Trust Series 2006-5 3A1		4.4450	06/25/36		354,988
	2,999,258	CSMC Mortgage-Backed Trust Series 2006-7 9A5		3.4580	08/25/36		555,524
	5,184,158	CSMC Mortgage-Backed Trust Series 2006-9 4A1		6.0000	11/25/36		3,301,098
	3,179,703	Deutsche Alt-A Securities Mortgage Loan Trust Series 2007-1 1A4A^(b)	TSFR1M + 0.224%	5.5540	08/25/37		2,585,904
	101,658	Deutsche Mortgage Securities Inc Mortgage Loan Trust Series 2004-2 M1^(d)		5.5900	01/25/34		95,053
	35,580	First Horizon Alternative Mortgage Securities Trust Series 2004-AA3 A1^(a)		5.8180	09/25/34		35,025

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		COLLATERALIZED MORTGAGE OBLIGATIONS — 29.6% (Continued)
	7,744	First Horizon Alternative Mortgage Securities Trust Series 2005-AA6 2A1^(a)		6.4230	08/25/35	$	5,561
	14,927	First Horizon Mortgage Pass-Through Trust Series 2000-H 2B1^(a)		5.9930	05/25/30		14,764
	146,581	First Horizon Mortgage Pass-Through Trust Series 2007-AR3 2A2^(a)		5.6700	11/25/37		111,534
	16,815	GMACM Mortgage Loan Trust Series 2005-AR1 4A^(a)		0.0001	03/18/35		16,548
	325,704	GMACM Mortgage Loan Trust Series 2006-J1 A2		5.7500	04/25/36		278,290
	90,335	GSMPS Mortgage Loan Trust Series 1998-5 A^(a),(c)		7.5000	06/19/27		88,254
	155,705	GSMPS Mortgage Loan Trust Series 1999-2 A^(a),(c)		8.0000	09/19/27		153,255
	167,298	GSR Mortgage Loan Trust Series 2003-5F 2A1		4.0000	08/25/32		155,645
	16,003	GSR Mortgage Loan Trust Series 2004-2F 6A1		7.0000	01/25/34		16,135
	37,858	GSR Mortgage Loan Trust Series 2004-6F 1A2		5.0000	05/25/34		36,347
	41,018	GSR Mortgage Loan Trust Series 2004-14 3A2^(a)		5.2540	12/25/34		36,647
	900,018	GSR Mortgage Loan Trust Series 2005-3F 1A3		5.5000	03/25/35		759,283
	104,247	GSR Mortgage Loan Trust Series 2005-AR4 4A1^(a)		5.3750	07/25/35		100,388
	395,949	GSR Mortgage Loan Trust Series 2006-2F 2A1		5.7500	02/25/36		324,439
	252,207	GSR Mortgage Loan Trust Series 2006-3F 2A7		5.7500	03/25/36		218,748
	508,246	GSR Mortgage Loan Trust Series 2006-9F 4A1		4.1840	10/25/36		216,413
	100,707	HomeBanc Mortgage Trust Series 2004-2 A1^(b)	TSFR1M + 0.854%	6.1840	12/25/34		94,088
	447,947	HSI Asset Loan Obligation Trust Series 2007-2 3A6		6.0000	09/25/37		138,194
	247,113	Impac CMB Trust Series 2004-9 1A2^(b)	TSFR1M + 0.994%	6.3240	01/25/35		227,178
	319,823	Impac CMB Trust Series 2005-5 M1^(b)	TSFR1M + 0.624%	6.2090	08/25/35		249,266
	2,025,435	IndyMac IMSC Mortgage Loan Trust Series 2007-F2 1A4		6.0000	07/25/37		1,441,708
	487,175	IndyMac INDA Mortgage Loan Trust Series 2006-AR1 A3^(a)		3.6260	08/25/36		377,834
	145,750	IndyMac INDX Mortgage Loan Trust Series 2005-AR3 3A1^(a)		3.9260	04/25/35		135,019
	81,314	IndyMac INDX Mortgage Loan Trust Series 2005-AR5 4A1^(a)		4.0050	05/25/35		56,242
	1,358,398	JP Morgan Alternative Loan Trust Series 2005-S1 1A6		6.5000	12/25/35		522,320
	137,977	JP Morgan Mortgage Trust Series 2004-S1 1A7		5.0000	09/25/34		126,347
	14,271	JP Morgan Mortgage Trust Series 2005-A1 4A1^(a)		5.9540	02/25/35		14,152
	29,725	JP Morgan Mortgage Trust Series 2006-A2 2A2^(a)		4.6880	04/25/36		25,786
	378,032	JP Morgan Mortgage Trust Series 2007-A3 1A1^(a)		4.5090	05/25/37		318,460
	4,694	Lehman Mortgage Trust Series 2007-9 1A1		6.0000	10/25/37		4,313
	9,538	MASTR Adjustable Rate Mortgages Trust Series 2003-5 4A1^(a)		2.6470	11/25/33		8,446
	18,031	MASTR Adjustable Rate Mortgages Trust Series 2004-4 4A1^(a)		5.1020	05/25/34		17,111
	373,598	MASTR Adjustable Rate Mortgages Trust Series 2005-2 3A1^(a)		4.2480	03/25/35		336,027
	179,750	MASTR Adjustable Rate Mortgages Trust Series 2006-2 1A1^(a)		5.6690	04/25/36		169,497
	123,130	MASTR Alternative Loan Trust Series 2005-5 2A3		5.5000	07/25/25		115,601
	6,068	MASTR Alternative Loan Trust Series 2004-5 1A1		5.5000	06/25/34		5,894

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		COLLATERALIZED MORTGAGE OBLIGATIONS — 29.6% (Continued)
	71,394	MASTR Alternative Loan Trust Series 2005-3 2A1		6.0000	03/25/35	$	64,491
	102,655	MASTR Alternative Loan Trust Series 2005-6 3A1		5.5000	12/25/35		80,296
	351	MASTR Asset Securitization Trust Series 2005-1 1A1^(g)		5.0000	05/25/20		164
	677,032	MASTR Asset Securitization Trust Series 2004-3 4A10		5.5000	03/25/34		589,406
	685,659	Merrill Lynch Alternative Note Asset Trust Series 2007-A2 A3D^(b)	TSFR1M + 0.714%	0.7980	03/25/37		29,857
	1,030,909	Merrill Lynch Mortgage Investors Trust Series 2006-AF2 AF1		2.6980	10/25/36		428,287
	54,014	Morgan Stanley Mortgage Loan Trust Series 2004-5AR 1A1^(a)		5.4090	07/25/34		53,376
	264,425	Morgan Stanley Mortgage Loan Trust Series 2006-2 2A4		5.7500	02/25/36		237,782
	564,911	Morgan Stanley Mortgage Loan Trust Series 2006-8AR 3A^(a)		4.7130	06/25/36		417,080
	4,717	MortgageIT Trust Series 2005-1 2M1^(b)	TSFR1M + 1.364%	6.6900	02/25/35		4,537
	881,264	NAAC Reperforming Loan REMIC Trust Certificates Series 2004-R3 A1^(c)		6.5000	02/25/35		732,793
	2,208,000	New Century Alternative Mortgage Loan Trust Series 2006-ALT2 AF6B^(d)		0.8770	10/25/36		132,062
	1,188,583	Nomura Asset Acceptance Corp Alternative Loan Trust Series 2005-AP3 A3^(a)		1.4120	08/25/35		528,395
	547,859	Nomura Asset Acceptance Corp Alternative Loan Trust Series 2005-AR4 5A3^(b)	TSFR1M + 0.694%	2.4560	08/25/35		309,833
	11,144,081	Nomura Asset Acceptance Corp Alternative Loan Trust Series 2006-AR2 3A1^(b)	TSFR1M + 0.514%	1.0900	04/25/36		2,478,658
	955,624	OBX 2023-NQM10 Trust Series NQM10 A2^(c),(d)		6.9200	10/25/63		965,777
	8,339,596	PHH Alternative Mortgage Trust Series 2007-1 1A3^(b)	TSFR1M + 0.594%	2.3890	02/25/37		1,065,255
	52,835	Prime Mortgage Trust Series 2004-1 1A6		5.2500	08/25/34		50,049
	286,839	RALI Series 2005-QO1 Trust Series 2005-QO1 A2^(b)	12MTA + 1.500%	6.5810	08/25/35		235,850
	6,125,985	RALI Series 2006-QO2 Trust Series 2006-QO2 A2^(b)	TSFR1M + 0.654%	2.2960	02/25/46		1,141,288
	2,563,837	RALI Series 2006-QO3 Trust Series 2006-QO3 A2^(b)	TSFR1M + 0.634%	3.5740	04/25/46		700,861
	76,125	RALI Series 2006-QS17 Trust Series 2006-QS17 A4		6.0000	12/25/36		61,611
	283,100	Residential Asset Securitization Trust Series 2004-A7 A2		5.5000	10/25/34		266,380
	6,153,311	Residential Asset Securitization Trust Series 2005-A11 2A1		4.5890	10/25/35		2,197,194
	737,375	Residential Asset Securitization Trust Series 2006-A6 1A1		1.4000	07/25/36		224,705
	3,655,241	Residential Asset Securitization Trust Series 2006-A6 1A13		1.2920	07/25/36		1,059,670
	2,823,089	Residential Asset Securitization Trust Series 2006-A6 1A14		1.2920	07/25/36		818,424
	593,909	Residential Asset Securitization Trust Series 2006-A8 2A2		6.7500	08/25/36		172,992
	882,706	Residential Asset Securitization Trust Series 2006-A13 A1		3.8440	12/25/36		312,696
	4,298,063	Residential Asset Securitization Trust Series 2007-A1 A9		2.8850	03/25/37		1,351,340
	362,154	Residential Asset Securitization Trust Series 2007-A7 A6		6.0000	07/25/37		138,226
	213,401	Residential Asset Securitization Trust Series 2007-A8 1A2		6.0000	08/25/37		110,120
	2,379,251	Residential Asset Securitization Trust Series 2007-A8 3A1^(a)		2.9220	08/25/37		1,065,134
	1,344,292	Residential Asset Securitization Trust Series 2007-A9 A3		4.0000	09/25/37		549,234

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		COLLATERALIZED MORTGAGE OBLIGATIONS — 29.6% (Continued)
	1,503,366	Residential Asset Securitization Trust Series 2007-A9 A7		4.0000	09/25/37	$	614,227
	42,810	RFMSI Trust Series 2006-S3 A2		5.5000	03/25/36		34,374
	1,412,379	RFMSI Trust Series 2006-SA4 2A1^(a)		5.5530	11/25/36		1,219,994
	359,688	STARM Mortgage Loan Trust Series 2007-2 3A3^(a)		5.0990	04/25/37		218,878
	141,238	Structured Adjustable Rate Mortgage Loan Trust Series 2004-17 A1^(a)		4.1500	11/25/34		124,381
	201,143	Structured Adjustable Rate Mortgage Loan Trust Series 2004-19 1A2^(a)		4.5300	01/25/35		189,681
	34,765	Structured Adjustable Rate Mortgage Loan Trust Series 2005-7 3A1^(a)		5.5540	04/25/35		34,099
	186,118	Structured Asset Mortgage Investments II Trust Series 2007-AR3 2A1^(b)	TSFR1M + 0.304%	5.6340	09/25/47		165,337
	1,466,253	Structured Asset Securities Corporation Series 1998-RF1 A^(a),(c)		3.8750	04/15/27		1,463,558
	1,176,269	SunTrust Alternative Loan Trust Series 2006-1F 2A		6.5000	04/25/36		459,251
	4,633,297	TBW Mortgage-Backed Trust Series 2006-3 3A		1.8680	07/25/36		976,090
	164,504	TBW Mortgage-Backed Trust Series 2006-2 3A1		5.5000	07/25/36		12,873
	1,963,000	TBW Mortgage-Backed Trust Series 2007-2 A2B^(a)		1.2590	07/25/37		122,937
	1,525,000	TBW Mortgage-Backed Trust Series 2007-2 A3B^(a)		1.2590	07/25/37		95,353
	3,295,120	TBW Mortgage-Backed Trust Series 2007-2 A6B^(d)		1.2590	07/25/37		204,490
	10,101	Thornburg Mortgage Securities Trust Series 2006-4 A2B^(a)		5.5590	07/25/36		8,086
	1,780,371	Thornburg Mortgage Securities Trust Series 2007-2 A2A^(b)	TSFR12M + 1.965%	3.7360	06/25/37		1,513,057
	5,346,626	Thornburg Mortgage Securities Trust Series 2006-3 A1^(a)		4.0600	06/25/46		3,373,869
	299,692	Thornburg Mortgage Securities Trust Series 2007-3 3A1^(b)	TSFR12M + 1.965%	7.0020	06/25/47		252,020
	833,315	Verus Securitization Trust Series 2023-4 A2^(c),(d)		6.1160	05/25/27		830,955
	852,839	Verus Securitization Trust Series 2023-5 A2^(c),(d)		6.7590	06/25/68		856,533
	13,148	WaMu Mortgage Pass-Through Certificates Series 2004-CB2 1A		5.0000	07/25/34		12,893
	58,072	WaMu Mortgage Pass-Through Certificates Series 2005-AR18 2A1^(a)		4.2520	01/25/36		52,079
	193,732	Washington Mutual Mortgage Pass-Through Certificates Series 2005-4 CB11		5.5000	06/25/35		165,550
	560,890	Washington Mutual Mortgage Pass-Through Certificates Series 2006-2 1A4^(b)	TSFR1M + 0.814%	6.0000	03/25/36		508,590
	34,438	Wells Fargo Alternative Loan Trust Series 2007-PA2 2A1^(b)	TSFR1M + 0.544%	5.8740	06/25/37		28,042
	247,488	Wells Fargo Mortgage Backed Securities Series 2006-7 2A1		6.0000	06/25/36		212,652
							71,917,805
		HOME EQUITY — 18.4%
	2,247	ABFC Trust Series 2003-AHL1 M1^(b)	TSFR1M + 1.389%	6.7190	03/25/33		2,550
	7,082,797	ACE Securities Corp Home Equity Loan Trust Series 2007-HE5 A2C^(b)	TSFR1M + 0.474%	1.5630	07/25/37		2,678,314
	73,969	Ameriquest Mortgage Securities Asset-Backed Pass-Through Ctfs Series 2002-AR1 M2^(b)	TSFR1M + 2.064%	3.8700	09/25/32		63,979

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		HOME EQUITY — 18.4% (Continued)
	167,056	Amresco Residential Securities Corp Mortgage Loan Trust Series 1997-3 M2F^(a)		4.5600	09/25/27	$	157,792
	491,188	Bayview Financial Acquisition Trust Series 2007-A 2A^(b)	TSFR1M + 0.639%	5.9700	05/28/37		453,702
	2,810,799	Bayview Financial Mortgage Pass-Through Trust Series 2007-B 2A3^(b)	TSFR1M + 1.389%	1.2150	08/28/47		816,159
	920,427	Bayview Financial Mortgage Pass-Through Trust Series 2007-B 2A4^(b)	TSFR1M + 1.164%	1.2150	08/28/47		267,260
	1,195,886	Bear Stearns Asset Backed Securities I Trust Series 2004-FR3 M4^(b)	TSFR1M + 2.814%	5.9560	09/25/34		1,087,113
	334,034	Bear Stearns Asset Backed Securities I Trust Series 2004-FR2 M5^(b)	TSFR1M + 2.739%	5.4710	06/25/34		308,681
	111,644	Bear Stearns Asset Backed Securities I Trust Series 2004-HE7 M5^(b)	TSFR1M + 3.039%	8.3690	08/25/34		108,181
	915,923	Bear Stearns Asset Backed Securities Trust Series 2 M2^(b)	TSFR1M + 2.964%	4.8620	08/25/34		903,170
	457,270	Bear Stearns Asset Backed Securities Trust Series 2004-HE3 M5^(b)	TSFR1M + 2.889%	5.7110	04/25/34		439,888
	7,205	Centex Home Equity Loan Trust Series 2002-A AF6		5.5400	01/25/32		7,048
	97,859	CHEC Loan Trust Series 2004-2 M1^(b)	TSFR1M + 1.074%	6.4040	06/25/34		97,459
	4,628,115	Credit Suisse Seasoned Loan Trust Series 2006-1 M1^(b),(c)	TSFR1M + 0.939%	3.3070	10/25/34		4,575,204
	412,010	Delta Funding Home Equity Loan Trust Series 1998-1 B1A^(b)	TSFR1M + 2.004%	0.4550	05/25/30		405,144
	542,820	EMC Mortgage Loan Trust Series 2001-A A^(b),(c)	TSFR1M + 0.854%	6.1840	05/25/40		537,894
	4,245,000	EMC Mortgage Loan Trust Series 2004-B M2^(b),(c)	TSFR1M + 3.489%	4.8980	01/25/41		4,080,304
	83,226	GE Mortgage Services, LLC Series 1998-HE2 A6^(a)		6.6450	09/25/28		81,802
	11,286,673	GSAA Home Equity Trust Series 2006-3 A4^(b)	TSFR1M + 0.814%	1.4810	03/25/36		975,798
	2,868,814	GSR Mortgage Loan Trust Series 2005-AR3 6A1^(a)		4.0960	05/25/35		2,319,527
	44,563	Home Equity Asset Trust Series 2003-3 M2^(b)	TSFR1M + 2.484%	7.8140	08/25/33		42,123
	2,769,946	Home Equity Asset Trust Series 2004-5 M6^(b)	TSFR1M + 2.064%	4.8260	11/25/34		2,699,816
	735,695	Home Equity Asset Trust Series 2004-8 M5^(b)	TSFR1M + 1.714%	7.0440	03/25/35		685,410
	3,972,085	Home Equity Loan Trust Series 2006-HSA2 AI3^(a)		1.2430	03/25/36		183,709
	313,129	Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2004-C M3 ^(b)	TSFR1M + 1.089%	4.8420	03/25/35		273,473
	184,628	Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2004-C M7 ^(b)	TSFR1M + 2.739%	4.8420	03/25/35		150,355
	930,786	Mastr Asset Backed Securities Trust Series 2003-OPT2 M4^(b)	TSFR1M + 5.889%	3.0590	05/25/33		773,822
	5,336,307	Mastr Asset Backed Securities Trust Series 2006-WMC2 A5^(b)	TSFR1M + 0.614%	1.1540	04/25/36		1,244,722
	443,099	Mastr Asset Backed Securities Trust 2003-WMC2^(b)	TSFR1M + 6.000%	4.6300	08/25/33		461,439
	311,218	Meritage Mortgage Loan Trust Series 2004-1 M1^(b)	TSFR1M + 0.864%	6.1940	07/25/34		309,224
	661,641	Merrill Lynch Mortgage Investors Trust Series 2004-HE1 M2^(b)	TSFR1M + 2.364%	4.2990	04/25/35		613,688
	499,150	Merrill Lynch Mortgage Investors Trust Series 2006-AR1 A1^(b)	TSFR1M + 0.444%	5.7740	03/25/37		173,143
	58,606	Morgan Stanley A.B.S Capital I Inc Trust Series 2004-HE1 B1^(b)	TSFR1M + 2.739%	8.0690	01/25/34		58,520
	815,823	Nomura Home Equity Loan Inc Home Equity Loan Trust Series 2006-AF1 A4^(b)	TSFR1M + 0.774%	1.1190	10/25/36		172,296

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		HOME EQUITY — 18.4% (Continued)
	351,509	NovaStar Mortgage Funding Trust Series 2003-1 M1^(b)	TSFR1M + 1.539%	4.3440	05/25/33	$	334,534
	167,479	NovaStar Mortgage Funding Trust Series 2004-1 M4^(b)	TSFR1M + 1.577%	6.9060	06/25/34		159,568
	2,957,558	NovaStar Mortgage Funding Trust Series 2006-6 A2B^(b)	TSFR1M + 0.314%	0.6450	01/25/37		1,046,805
	254,492	RASC Series 2004-KS10 M4 Trust Series 2004-KS10 M4^(b)	TSFR1M + 2.589%	7.9190	11/25/34		243,337
	267,254	Renaissance Home Equity Loan Trust Series 2003-2 M1^(b)	TSFR1M + 1.352%	4.3040	08/25/33		247,860
	330,202	Renaissance Home Equity Loan Trust Series 2007-2 AF2^(d)		5.6750	06/25/37		85,124
	10,873,252	Renaissance Home Equity Loan Trust Series 2007-1 AF3^(d)		3.9410	04/25/37		2,874,824
	431,110	Renaissance Home Equity Loan Trust Series 2007-1 AF5^(d)		4.1500	04/25/37		120,043
	623,312	Saxon Asset Sec Trust Mtg Ln Asset Bk Cert Series 2000-1 BF1^(a)		3.7400	02/25/30		745,293
	3,392,722	Structured Asset Securities Corp Mortgage Loan Series 2005-NC2 M7^(b)	TSFR1M + 1.164%	4.1280	05/25/35		2,984,295
	5,266	Terwin Mortgage Trust Series 2004-7HE M1^(b),(c)	TSFR1M + 1.389%	6.7190	07/25/34		5,180
	23,587,000	Terwin Mortgage Trust Series 2006-3 2A3^(b),(c)	TSFR1M + 0.734%	1.5920	04/25/37		7,539,744
							44,595,316
		MANUFACTURED HOUSING — 0.3%
	1,611,849	BCMSC Trust Series 2000-A A4^(a)		8.2900	06/15/30		192,642
	500,000	Cascade MH Asset Trust Series 2019-MH1 M^(a),(c)		5.9850	11/01/44		480,505
							673,147
		NON AGENCY CMBS — 26.6%
	2,869,000	CFCRE Commercial Mortgage Trust Series 2011-C2 E^(a),(c)		5.2490	12/15/47		2,504,684
	6,357,126	Citigroup Commercial Mortgage Trust Series 2014-GC21 E^(a),(c)		3.5880	05/10/47		4,676,955
	3,100,000	Citigroup Commercial Mortgage Trust Series 2014-GC21 D^(a),(c)		4.9190	05/10/47		2,469,598
	4,565,000	Citigroup Commercial Mortgage Trust Series 2015-GC35 D		3.2360	11/10/48		3,061,697
	5,000,000	Citigroup Commercial Mortgage Trust Series 2015-GC35 C^(a)		4.4580	11/10/48		4,036,100
	4,108,000	COMM 2013-CCRE12 Mortgage Trust Series 2013-CR12 C^(a)		0.0001	10/10/46		667,132
	2,964,000	Commercial Mortgage Pass Through Certificates Series 2012-LTRT B^(c)		3.8000	10/05/30		2,546,980
	6,190,897	GS Mortgage Securities Corporation II Series 2018-SRP5 A^(b),(c)	TSFR1M + 1.847%	7.1730	09/15/31		4,057,963
	2,622,300	GS Mortgage Securities Trust Series 2014-GC22 D^(a),(c)		4.6960	06/10/47		1,409,922
	5,726,000	GS Mortgage Securities Trust Series 2014-GC22 E^(c)		3.5820	06/10/47		3,050,747
	1,350,000	HMH Trust Series 2017-NSS E^(c)		6.2920	07/05/31		360,423
	7,005,000	JP Morgan Chase Commercial Mortgage Securities Trust Series 2011-C3 C^(a),(c)		5.3600	02/15/46		6,217,297
	1,250,000	JPMBB Commercial Mortgage Securities Trust Series 2015-C32 D^(a)		4.1410	11/15/48		370,676
	2,626,409	Morgan Stanley Capital I Trust Series 2006-HQ10 B^(a)		0.0001	11/12/41		2,196,544
	5,000,000	Morgan Stanley Capital I Trust Series 2012-C4 E^(a),(c)		5.1640	03/15/45		3,323,432
	2,740,000	Morgan Stanley Capital I Trust Series 2006-T21 C^(a),(c)		5.1810	10/12/52		2,483,051

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		NON AGENCY CMBS — 26.6% (Continued)
	446,653	MSBAM Commercial Mortgage Securities Trust 2012 Series CKSV A2^(c)		3.2770	10/15/30	$	400,370
	3,800,000	MSBAM Commercial Mortgage Securities Trust Series 2012-CKSV B^(c)		4.0880	10/15/30		2,947,416
	13,533,384	Starwood Retail Property Trust Series 2014-STAR A^(b),(c)	PRIME - 0%	8.5000	11/15/27		10,073,194
	428,731	Velocity Commercial Capital Loan Trust Series 2022-3 M1^(a),(c)		6.1300	06/25/52		421,508
	1,937,360	Wachovia Bank Commercial Mortgage Trust Series 2006-C24 E^(a)		5.2500	03/15/45		1,809,893
	6,000,000	WFRBS Commercial Mortgage Trust Series 2013-C14 D^(a),(c)		3.8370	06/15/46		2,759,298
	3,546,000	WFRBS Commercial Mortgage Trust Series 2013-C15 D^(a),(c)		4.1890	08/15/46		1,458,108
	3,000,000	WFRBS Commercial Mortgage Trust Series 2014-C22 E^(c)		3.4550	09/15/57		1,286,572
							64,589,560
		RESIDENTIAL MORTGAGE — 14.2%
	61,763	Bear Stearns Asset Backed Securities Trust 2004-SD4 Series 2004-SD4 A1^(b)	TSFR1M + 1.014%	6.3440	08/25/44		59,138
	88,174	Carrington Mortgage Loan Trust Series 2004-NC2 M1^(b)	TSFR1M + 1.149%	6.4790	08/25/34		86,438
	5,357,440	Carrington Mortgage Loan Trust Series 2006-FRE2 A5^(b)	TSFR1M + 0.194%	3.0520	03/25/35		4,215,910
	9,291,402	Carrington Mortgage Loan Trust Series 2006-FRE2 A2^(b)	TSFR1M + 0.234%	3.0520	10/25/36		7,311,624
	2,231,167	Carrington Mortgage Loan Trust Series 2006-FRE2 A3^(b)	TSFR1M + 0.274%	3.0520	10/25/36		1,755,752
	350,305	Chase Funding Trust Series 2003-3 2M2^(b)	TSFR1M + 1.959%	7.2890	11/25/32		344,407
	997,919	Countrywide Asset-Backed Certificates Series 2002-4 M2^(b)	TSFR1M + 2.250%	7.6940	11/25/32		994,993
	37,734	Credit-Based Asset Servicing and Securitization, LLC Series 2002-CB4 B1^(b)	US0001M + 2.850%	8.2940	02/25/33		38,496
	1,727,392	Credit-Based Asset Servicing and Securitization, LLC Series 2004-CB8 M3^(b)	TSFR1M + 1.614%	3.8980	12/25/35		1,489,767
	626,282	Encore Credit Receivables Trust Series 2005-1 M4^(b)	TSFR1M + 1.134%	6.4640	07/25/35		548,708
	667,699	Equity One Mortgage Pass-Through Trust Series 2004-3 M2^(d)		3.8740	07/25/34		561,151
	246,381	Finance America Mortgage Loan Trust Series 2004-3 M4^(b)	TSFR1M + 1.380%	6.8240	11/25/34		195,083
	139,492	Fremont Home Loan Trust Series 2004-2 M6^(b)	TSFR1M + 2.139%	7.4690	07/25/34		114,437
	8,114,878	GE-WMC Mortgage Securities Trust Series 2006-1 A2B^(b)	TSFR1M + 0.414%	1.3930	08/25/36		3,434,614
	3,165,378	GE-WMC Mortgage Securities Trust Series 2006-1 A2C^(b)	TSFR1M + 0.594%	1.3970	08/25/36		1,339,695
	2,362,116	GSRPM Mortgage Loan Trust Series 2007-1 A^(b),(c)	TSFR1M + 0.514%	3.3650	10/25/46		2,124,894
	77,749	Home Equity Mortgage Loan Asset-Backed Trust Series INABS 2006-D 2A3^(b)	TSFR1M + 0.274%	5.6040	11/25/36		68,246
	395,589	IXIS Real Estate Capital Trust Series 2006-HE2 A3^(b)	TSFR1M + 0.434%	1.0700	08/25/36		111,413
	351,684	Lehman XS Trust Series 2007-3 1BA1^(b)	TSFR1M + 0.434%	5.7640	03/25/37		330,270
	330,707	Lehman XS Trust Series 2007-3 1BA2^(b)	TSFR6M + 0.928%	6.2150	03/25/37		325,016
	44,650,621	Merrill Lynch Mortgage Investors Trust Series 2006-RM2 A1B^(b)	TSFR1M + 0.584%	0.6620	05/25/37		1,954,661
	39,783	Morgan Stanley A.B.S Capital I Inc Trust Series 2004-NC8 M4^(b)	TSFR1M + 1.614%	6.9440	09/25/34		41,100
	8,875,000	Morgan Stanley A.B.S Capital I Inc Trust Series 2007-SEA1 2A4^(b),(c)	TSFR1M + 3.914%	2.3070	02/25/47		693,614

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		ASSET BACKED SECURITIES — 89.1% (Continued)
		RESIDENTIAL MORTGAGE — 14.2% (Continued)
	3,173,453	Park Place Securities Inc Asset-Backed Pass-Through Certificates Series 2004-WCW2 M6^(b)	TSFR1M + 2.289%	3.2920	10/25/34	$	2,670,056
	887,809	Quest Trust Series 2003-X3 M3^(b),(c)	TSFR1M + 4.989%	10.3040	02/25/34		1,111,026
	2,034,195	RAMP Series 2007-RS1 A3^(b)	TSFR1M + 0.454%	4.4850	02/25/37		490,441
	101,077,331	Saxon Asset Securities Trust Series 2006-3 ES^(c),(d),(e)		0.3000	10/25/46		1,316,280
	530,960	Specialty Underwriting & Residential Finance Trust Series 2007-AB1 A2D^(b)	TSFR1M + 0.464%	5.7940	03/25/37		291,015
	201,347	Structured Asset Investment Loan Trust Series 2004-5 M5^(b)	TSFR1M + 1.839%	7.1690	05/25/34		178,352
	278,525	Structured Asset Securities Corp Series 2005-WF1 M8^(b)	TSFR1M + 2.169%	7.4990	02/25/35		275,848
							34,472,445
		TOTAL ASSET BACKED SECURITIES (Cost $272,019,910)					216,248,273

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		U.S. GOVERNMENT & AGENCY OBLIGATIONS — 7.8%
	217,658	Fannie Mae REMICS Series 2012-126 DI^(e)		3.0000	11/25/27		8,100
	236,942	Fannie Mae REMICS Series 2012-94 YS^(b),(e)	SOFR30A + 6.536%	1.2150	06/25/39		1,270
	873,600	Fannie Mae REMICS Series 2011-124 NS NS^(b),(e)	SOFR30A + 6.386%	1.0650	12/25/41		90,594
	69,815	Fannie Mae REMICS Series 2013-42 PD		1.2500	05/25/43		57,206
	909,228	Fannie Mae REMICS Series 2017-30 MI^(e)		4.0000	02/25/44		39,922
	32,019	Fannie Mae REMICS Series 2017-6 MI^(e)		4.0000	08/25/44		2,053
	612,112	Fannie Mae REMICS Series 2017-38 S^(b),(e)	SOFR30A + 5.986%	0.6650	05/25/47		64,064
	901,964	Fannie Mae REMICS Series 2017-112 SC^(b),(e)	SOFR30A + 6.036%	0.7150	01/25/48		108,470
	14,950,476	Fannie Mae REMICS Series 2018-28 ID^(a),(e)		0.0950	05/25/48		959,232
	778,117	Fannie Mae REMICS Series 2019-37 CI^(e)		4.5000	09/25/48		134,867
	256,359	Fannie Mae REMICS Series 2020-16 SJ^(b),(e)	SOFR30A + 5.936%	0.6150	03/25/50		24,359
	3,083,865	Fannie Mae REMICS Series 2020-95 IB^(e)		2.5000	01/25/51		470,759
	6,817,130	Fannie Mae REMICS Series 2021-69 IK^(e)		2.0000	05/25/51		1,279,465
	7,419,845	Fannie Mae REMICS Series 2021-45 JI^(e)		2.5000	07/25/51		1,077,739
	3,040,471	Fannie Mae REMICS Series 2021-56 IM^(b),(e)	SOFR30A + 2.200%	0.0001	09/25/51		47,605
	21,443,007	Fannie Mae REMICS Series 2021-69 JS^(b),(e)	SOFR30A + 2.550%	0.0001	10/25/51		348,938
	12,117,888	Fannie Mae REMICS Series 2021-80 IA^(e)		2.0000	11/25/51		1,552,336
	190,133	Freddie Mac REMICS Series 4205 AI^(e)		2.5000	05/15/28		6,186
	1,427,332	Freddie Mac REMICS Series 4226 IM^(e)		3.5000	09/15/31		16,756
	7,723,582	Freddie Mac REMICS Series 4639 GS^(b),(e)		0.2260	03/15/36		347,774
	789,249	Freddie Mac REMICS Series 3852 SW^(b),(e)	SOFR30A + 5.886%	0.5670	05/15/41		69,698
	145,345	Freddie Mac REMICS Series 3980 TS^(b),(e)	SOFR30A + 6.386%	1.0670	09/15/41		15,781

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Principal Amount ($)			Spread	Coupon Rate (%)	Maturity	Fair Value
		U.S. GOVERNMENT & AGENCY OBLIGATIONS — 7.8% (Continued)
	780,321	Freddie Mac REMICS Series 4100 JI^(e)		3.5000	10/15/41	$	93,030
	555,405	Freddie Mac REMICS Series 4580 MI^(e)		3.5000	02/15/43		14,644
	5,250,294	Freddie Mac REMICS Series 4239 NI^(b),(e)	SOFR30A + 28.791%	0.0001	07/15/43		904,186
	68,007	Freddie Mac REMICS Series 4680 LI^(e)		4.0000	10/15/43		766
	60,720	Freddie Mac REMICS Series 4449 PI^(e)		4.0000	11/15/43		5,772
	458,282	Freddie Mac REMICS Series 4314 SE^(b),(e)	US0001M + 5.936%	0.6170	03/15/44		47,533
	353,719	Freddie Mac REMICS Series 4431 ST^(b),(e)	US0001M + 5.986%	0.6670	01/15/45		35,007
	82,575	Freddie Mac REMICS Series 4818 BI^(e)		4.0000	03/15/45		2,103
	297,780	Freddie Mac REMICS Series 4672 AI^(e)		4.5000	03/15/45		3,967
	399,000	Freddie Mac REMICS Series 5050 GL		1.2500	12/25/50		175,672
	5,824,556	Freddie Mac REMICS Series 5071 IS^(e)		2.0000	02/25/51		672,557
	825,644	Freddie Mac REMICS Series 5071 IF^(e)		2.0000	02/25/51		66,807
	18,937,986	Freddie Mac REMICS Series 5090 SA^(b),(e)	SOFR30A + 1.550%	0.0001	03/25/51		56,626
	15,219,385	Freddie Mac REMICS Series 5177 AS^(b),(e)	SOFR30A + 3.150%	0.0001	12/25/51		172,964
	398,248	Government National Mortgage Association Series 2014-118 AI^(e)		3.5000	05/16/40		15,692
	3,987,486	Government National Mortgage Association Series 2015-3 DS^(b),(e)	TSFR1M + 5.486%	0.1570	11/20/41		49,859
	184,691	Government National Mortgage Association Series 2012-36 QS^(b),(e)	TSFR1M + 6.506%	1.1770	03/20/42		12,934
	332,848	Government National Mortgage Association Series 2018-154 DI^(e)		4.0000	01/20/45		10,987
	595,731	Government National Mortgage Association Series 2016-147 PI^(e)		3.5000	06/20/45		63,003
	212,890	Government National Mortgage Association Series 2016-1 ST^(b),(e)	TSFR1M + 6.086%	0.7570	01/20/46		20,695
	4,639,842	Government National Mortgage Association Series 2018-154 SP^(b),(e)	TSFR1M + 6.036%	0.7070	11/20/48		445,257
	11,782,982	Government National Mortgage Association Series 2019-20 ES^(b),(e)	TSFR1M + 3.676%	0.0001	02/20/49		215,264
	20,350,353	Government National Mortgage Association Series 2019-112 AS^(b),(e)	TSFR1M + 3.296%	0.0001	09/20/49		346,858
	4,238,671	Government National Mortgage Association Series 2020-122 YI^(e)		2.5000	08/20/50		617,582
	952,000	Government National Mortgage Association Series 2020-141 ML		1.5000	09/20/50		450,949
	6,313,244	Government National Mortgage Association Series 2021-49 IP^(e)		2.5000	01/20/51		680,126
	8,049,648	Government National Mortgage Association Series 2021-24 LI^(e)		2.5000	01/20/51		1,184,353
	9,559,270	Government National Mortgage Association Series 2021-41 BI^(e)		2.0000	03/20/51		1,268,081
	290,582	Government National Mortgage Association Series 2021-89 JL		1.5000	05/20/51		153,835
	3,588,973	Government National Mortgage Association Series 2021-83 EI^(e)		2.5000	05/20/51		480,521
	16,174,670	Government National Mortgage Association Series 2022-22 PS^(b),(e)	SOFR30A + 3.650%	0.0001	08/20/51		269,016
	10,058,301	Government National Mortgage Association Series 2021-156 BI^(e)		2.5000	09/20/51		1,511,994
	1,705,801	Government National Mortgage Association Series 2021-226 HL		1.5000	12/20/51		997,787
	16,300,012	Government National Mortgage Association Series 2022-93 AS^(b),(e)	SOFR30A + 4.150%	0.0001	05/20/52		499,648
	17,527,967	Government National Mortgage Association Series 2022-83 SJ^(b),(e)	SOFR30A + 3.200%	0.0001	05/20/52		202,401
	44,792,137	Government National Mortgage Association Series 2022-121 SA^(b),(e)	SOFR30A + 3.690%	0.0001	07/20/52		546,276

		TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost $27,216,154)					19,017,926

CATALYST ENHANCED INCOME STRATEGY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

March 31, 2024

Shares			Fair Value
		SHORT-TERM INVESTMENT — 3.3%
		MONEY MARKET FUND - 3.3%
	7,977,351	First American Treasury Obligations Fund, Class X, 5.22% (Cost $7,977,351)^(f)	$	7,977,351

		TOTAL INVESTMENTS - 100.2% (Cost $307,213,415)	$	243,243,550
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)%		(438,422	)
		NET ASSETS - 100.0%	$	242,805,128

LLC	- Limited Liability Company

REMIC	- Real Estate Mortgage Investment Conduit

12MTA	- Federal Reserve US 12 Month Cumulative Avg 1 Year CMT

PRIME	- Prime Rate by Country United States

SOFR30A	- United States 30 Day Average SOFR Secured Overnight Financing Rate

TSFR1M	- 1-month CME Term Secured Overnight Financing Rate

TSFR6M	- 6-month CME Term Secured Overnight Financing Rate

TSFR12M	- 12-month CME Term Secured Overnight Financing Rate

US0001M	- ICE LIBOR USD 1 Month

^(a)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

^(b)	Variable rate security: the rate shown represents the rate on March 31, 2024.

^(c)	Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2024, the total market value of 144A securities is 81,434,543 or 33.5% of net assets.

^(d)	Step bond. Coupon rate is fixed rate that changes on a specified date. The rate shown is the current rate at March 31, 2024.

^(e)	Interest only securities.

^(f)	Rate disclosed is the seven-day effective yield as of March 31, 2024.

^(g)	Maturity not determined on this security; maturity will occur based on the maturity of the underlying bonds.