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ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
December 31, 2023 | |||||||
Shares | Fair Value | ||||||
CLOSED END FUNDS — 6.9% | |||||||
FIXED INCOME - 6.9% | |||||||
5,200 | BlackRock Municipal Income Fund, Inc. | $ 60,528 | |||||
5,400 | BlackRock Municipal Income Quality Trust | 60,534 | |||||
5,700 | BlackRock Municipal Income Trust II | 60,876 | |||||
5,500 | BlackRock MuniHoldings California Quality Fund | 61,215 | |||||
5,150 | BlackRock MuniHoldings Fund, Inc. | 61,337 | |||||
5,350 | BlackRock MuniHoldings New Jersey Quality Fund | 61,044 | |||||
5,100 | BlackRock MuniYield Quality Fund, Inc. | 62,168 | |||||
5,000 | Eaton Vance Municipal Bond Fund | 50,650 | |||||
5,000 | Nuveen Dynamic Municipal Opportunities Fund | 49,550 | |||||
5,000 | Nuveen Municipal Credit Opportunities Fund | 49,850 | |||||
8,125 | Putnam Managed Municipal Income Trust | 49,400 | |||||
TOTAL CLOSED END FUNDS (Cost $620,291) | 627,152 | ||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
MUNICIPAL BONDS — 84.6% | |||||||
AIRPORTS — 9.4% | |||||||
500,000 | Allegheny County Airport Authority Series 2023-A | 5.5000 | 01/01/53 | 549,279 | |||
275,000 | City of Salt Lake City UT Airport Revenue | 5.5000 | 07/01/53 | 302,204 | |||
851,483 | |||||||
CHARTER SCHOOLS — 2.9% | |||||||
250,000 | Colorado Educational & Cultural Facilities | 5.2500 | 12/01/52 | 264,656 | |||
CITY — 4.7% | |||||||
125,000 | City of Chicago IL | 5.5000 | 01/01/43 | 132,952 | |||
390,000 | City of Frisco TX | 2.0000 | 02/15/40 | 295,359 | |||
428,311 | |||||||
CONTINUING CARE RETIREMENT CENTER — 12.9% | |||||||
10,000 | Illinois Finance Authority | 4.0000 | 05/15/35 | 8,238 | |||
50,000 | Illinois Finance Authority | 5.0000 | 05/15/56 | 39,138 | |||
200,000 | Illinois Finance Authority | 6.7500 | 05/15/58 | 205,068 | |||
100,000 | Massachusetts Development Finance Agency | 5.0000 | 07/01/56 | 79,361 | |||
100,000 | New Hampshire Business Finance Authority | 5.0000 | 07/01/56 | 77,072 |
ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2023 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
MUNICIPAL BONDS — 84.6% (Continued) | |||||||
CONTINUING CARE RETIREMENT CENTER — 12.9% (Continued) | |||||||
250,000 | New Hope Cultural Education Facilities Finance | 6.8750 | 10/01/57 | $ 229,160 | |||
25,000 | Palm Beach County Health Facilities Authority | 5.0000 | 05/15/47 | 19,310 | |||
25,000 | South Carolina Jobs-Economic Development Authority | 5.0000 | 11/15/54 | 21,349 | |||
100,000 | Tarrant County Cultural Education Facilities | 5.0000 | 11/15/37 | 101,674 | |||
50,000 | Tempe Industrial Development Authority | 6.1250 | 10/01/47 | 31,104 | |||
290,000 | Washington State Housing Finance Commission | 5.0000 | 07/01/48 | 292,595 | |||
80,000 | Wisconsin Health & Educational Facilities | 4.0000 | 07/01/48 | 60,438 | |||
1,164,507 | |||||||
ECONOMY & INDUSTRY DEVELOPMENT — 7.8% | |||||||
575,000 | New York Liberty Development Corporation | 2.8750 | 11/15/46 | 438,940 | |||
250,000 | New York Transportation Development Corporation | 5.6250 | 04/01/40 | 269,438 | |||
708,378 | |||||||
ELECTRICITY AND PUBLIC POWER — 3.0% | |||||||
100,000 | Puerto Rico Electric Power Authority | 5.2500 | 07/01/32 | 98,627 | |||
150,000 | South Carolina Public Service Authority | 5.7500 | 12/01/52 | 168,845 | |||
267,472 | |||||||
GAS FORWARD — 3.1% | |||||||
250,000 | Black Belt Energy Gas District | 5.5000 | 06/01/32 | 276,590 | |||
HIGHER EDUCATION — 5.5% | |||||||
100,000 | California Educational Facilities Authority | 5.5000 | 10/01/53 | 105,594 | |||
100,000 | Michigan Finance Authority | 5.0000 | 05/01/46 | 83,789 | |||
300,000 | Ohio Higher Educational Facility Commission | 6.0000 | 09/01/52 | 311,197 | |||
500,580 | |||||||
HOSPITALS — 18.5% | |||||||
600,000 | Colorado Health Facilities Authority | 3.2500 | 08/01/49 | 449,093 | |||
50,000 | Columbia County Hospital Authority | 5.7500 | 04/01/53 | 57,117 | |||
680,000 | Connecticut State Health & Educational Facilities | 3.0000 | 07/01/39 | 598,448 | |||
100,000 | Health & Educational Facilities Authority of the | 5.5000 | 12/01/48 | 113,112 | |||
100,000 | Maine Health & Higher Educational Facilities | 5.1250 | 07/01/52 | 107,619 | |||
150,000 | Pennsylvania Economic Development Financing | 4.0000 | 05/15/53 | 146,628 | |||
250,000 | South Broward Hospital District | 2.3750 | 05/01/45 | 174,403 | |||
25,000 | Washington Township Health Care District | 5.7500 | 07/01/53 | 27,344 | |||
1,673,764 |
ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2023 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
MUNICIPAL BONDS — 84.6% (Continued) | |||||||
INCOME TAX FINANCING — 3.4% | |||||||
360,000 | New York City Transitional Finance Authority | 3.0000 | 08/01/42 | $ 311,048 | |||
MISCELLANEOUS TAX — 1.2% | |||||||
100,000 | Louisiana Stadium & Exposition District | 5.2500 | 07/01/53 | 110,584 | |||
PRIMARY AND SECONDARY EDUCATION — 1.2% | |||||||
100,000 | Chicago Board of Education Dedicated Capital | 5.7500 | 04/01/48 | 109,519 | |||
SCHOOL DISTRICT — 5.0% | |||||||
100,000 | Chicago Board of Education | 6.0000 | 12/01/49 | 109,868 | |||
100,000 | Muroc Joint Unified School District | 5.7500 | 08/01/48 | 116,223 | |||
100,000 | Muroc Joint Unified School District | 5.5000 | 08/01/52 | 113,047 | |||
100,000 | Radnor Township School District | 5.5000 | 08/15/53 | 108,441 | |||
447,579 | |||||||
STATE — 1.2% | |||||||
100,000 | State of Illinois | 5.5000 | 05/01/47 | 109,932 | |||
TAX BACKED DISTRICT — 0.3% | |||||||
25,000 | Washington Township Health Care District | 5.5000 | 08/01/53 | 28,478 | |||
TOBACCO — 0.5% | |||||||
55,000 | New York Counties Tobacco Trust VI | 3.7500 | 06/01/45 | 43,741 | |||
WATER AND SEWER — 4.0% | |||||||
250,000 | City of Philadelphia PA Water & Wastewater Revenue | 5.5000 | 09/01/53 | 286,520 | |||
100,000 | Ephrata Borough Authority | 2.1000 | 11/01/40 | 71,927 | |||
358,447 | |||||||
TOTAL MUNICIPAL BONDS (Cost $7,473,965) | 7,655,069 | ||||||
TOTAL INVESTMENTS - 91.5% (Cost $8,094,256) | $ 8,282,221 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 8.5% | 764,715 | ||||||
NET ASSETS - 100.0% | $ 9,046,936 | ||||||
ALPHACENTRIC SWBC MUNICIPAL OPPORTUNITIES FUND (MUNAX, MUNCX, MUNIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2023 | |||||||
OPEN FUTURES CONTRACTS | |||||||
Number of Contracts | Open Short Futures Contracts | Expiration | Notional Amount(a) | Value and Unrealized Depreciation | |||
23 | CBOT 10 Year US Treasury Note | 03/19/2024 | $ 2,596,484 | $ (90,343) | |||
TOTAL FUTURES CONTRACTS | |||||||
CREDIT DEFAULT SWAPS | |||||||||||||||||||
Counterparty | Index | Buy/Sell Protection | Fixed Rate Received | Implied Credit Spread | Frequency of Payments | Expiration Date | Notional Amount | Value | Upfront Premiums Paid/ (Received) | Unrealized Appreciation | |||||||||
SOC | Markit CDX North America High Yield Index | Sell | 5.00% | 356.36% | Quarterly | 12/20/2028 | $ 1,354,320 | $ 79,002 | $ 15,648 | $ 63,354 | |||||||||
SOC | Markit CDX North America Investment Grade Index | Sell | 1.00% | 56.51% | Quarterly | 12/20/2028 | 1,368,000 | 26,535 | 19,030 | 7,505 | |||||||||
Net Unrealized Appreciation on Swap Contracts | $ 34,678 | $ 70,859 |
PLC | - Public Limited Company |
SOC | - Societe Generale |
(a) | 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. |