ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
December 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 39.2% | |||||||
ASSET MANAGEMENT - 0.2% | |||||||
7,744 | Star Holdings(a) | $ 116,005 | |||||
MORTGAGE FINANCE - 3.9% | |||||||
181,492 | Dynex Capital, Inc. (h) | 2,272,280 | |||||
MORTGAGE REITS - 23.5% | |||||||
208,879 | AG Mortgage Investment Trust, Inc. (h) | 1,326,382 | |||||
84,646 | AGNC Investment Corporation (h) | 830,377 | |||||
221,602 | Ellington Financial, Inc. (h) | 2,816,561 | |||||
142,725 | MFA Financial, Inc. (h) | 1,608,511 | |||||
200,963 | New York Mortgage Trust, Inc. (h) | 1,714,214 | |||||
146,593 | Redwood Trust, Inc. (h) | 1,086,254 | |||||
400,966 | Rithm Capital Corporation (h) | 4,282,317 | |||||
13,664,616 | |||||||
MULTI ASSET CLASS REIT - 0.5% | |||||||
11,972 | Safehold, Inc. (h) | 280,145 | |||||
RESIDENTIAL REIT - 2.5% | |||||||
20,611 | Equity LifeStyle Properties, Inc. (h) | 1,453,900 | |||||
SPECIALTY FINANCE - 8.6% | |||||||
42,367 | Enact Holdings, Inc. | 1,223,983 | |||||
79,379 | MGIC Investment Corporation | 1,531,221 | |||||
21,591 | Mr Cooper Group, Inc.(a) | 1,406,006 | |||||
28,195 | Ocwen Financial Corporation(a) | 867,278 | |||||
5,028,488 | |||||||
TOTAL COMMON STOCKS (Cost $24,051,993) | 22,815,434 | ||||||
ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2023 | |||||||
Shares | Fair Value | ||||||
PREFERRED STOCKS — 12.9% | |||||||
MORTGAGE REITS — 12.9% | |||||||
19,450 | AG Mortgage Investment Trust, Inc. - Series C (d) (h) | $ 422,440 | |||||
59,964 | AGNC Investment Corporation - Series F (d) (h) | 1,304,817 | |||||
10,000 | Arbor Realty Trust, Inc. - Series E (h) | 176,500 | |||||
20,000 | Arbor Realty Trust, Inc. - Series D (h) | 353,000 | |||||
63,126 | Arbor Realty Trust, Inc. - Series F (d) (h) | 1,186,769 | |||||
28,308 | Chimera Investment Corporation - Series B (d) (h) | 663,256 | |||||
7,881 | Chimera Investment Corporation - Series C (d) (h) | 156,832 | |||||
36,754 | Granite Point Mortgage Trust, Inc. - Series A (d) (h) | 643,563 | |||||
22,753 | KKR Real Estate Finance Trust, Inc. - Series A (h) | 412,967 | |||||
11,272 | MFA Financial, Inc. - Series C (d) (h) | 238,966 | |||||
22,500 | New York Mortgage Trust, Inc. - Series F (d) (h) | 430,875 | |||||
37,930 | Rithm Capital Corporation - Series D (d) (h) | 827,633 | |||||
9,000 | Two Harbors Investment Corporation - Series A (d) (h) | 201,510 | |||||
20,472 | Two Harbors Investment Corporation - Series C (d) (h) | 457,549 | |||||
TOTAL PREFERRED STOCKS (Cost $8,850,107) | 7,476,677 | ||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
ASSET BACKED SECURITIES — 5.9% | |||||||
CLO — 0.7% | |||||||
300,000 | Arbor Realty Commercial Real Estate Notes 2022-FL2 Series FL2 E(b),(c) | TSFR1M + 5.000% | 10.3620 | 05/15/37 | 290,450 | ||
100,000 | TRTX 2021-FL4 Issuer Ltd. Series FL4 AS(b),(c) | TSFR1M + 1.514% | 6.8760 | 03/15/38 | 97,479 | ||
387,929 | |||||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 2.0% | |||||||
39,900 | Adjustable Rate Mortgage Trust 2007-1 Series 2007-1 1A1(d) | 5.4090 | 03/25/37 | 33,097 | |||
175 | Alternative Loan Trust 2003-J2 Series 2003-J2 B2(g) | 6.0000 | 10/25/33 | 29 | |||
505,626 | Alternative Loan Trust 2005-11CB Series 2005-11CB 3A2(c) | US0001M + 0.500% | 5.5000 | 06/25/35 | 370,517 | ||
231,169 | Alternative Loan Trust 2005-J6 Series 2005-J6 1A5(c) | US0001M + 0.500% | 5.5000 | 07/25/35 | 184,781 | ||
433,948 | Impac CMB Trust Series 2005-2 Series 2005-2 1M2(c) | US0001M + 0.735% | 6.2050 | 04/25/35 | 396,517 | ||
218,693 | Washington Mutual Mortgage Pass-Through Series 2007-HY1 A2A(c) | US0001M + 0.160% | 5.7900 | 02/25/37 | 166,583 | ||
1,151,524 | |||||||
HOME EQUITY — 0.3% | |||||||
197,436 | Terwin Mortgage Trust 2004-7HE Series 7HE A3(b),(c) | US0001M + 1.400% | 6.8700 | 07/25/34 | 186,267 | ||
ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2023 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
ASSET BACKED SECURITIES — 5.9% (Continued) | |||||||
NON AGENCY CMBS — 2.4% (Continued) | |||||||
175,000 | Citigroup Commercial Mortgage Trust 2016-C3 Series C3 C(d) | 4.0620 | 11/15/49 | $ 133,336 | |||
100,000 | COMM 2013-CCRE6 Mortgage Trust Series 2013-CR6 F(b),(d) | 3.8590 | 03/10/46 | 45,579 | |||
10,000 | COMM 2015-DC1 Mortgage Trust Series 2015-DC1 C(d) | 4.2970 | 02/10/48 | 7,970 | |||
81,000 | COMM 2015-LC19 Mortgage Trust Series 2015-LC19 D(b) | 2.8670 | 02/10/48 | 68,525 | |||
33,371 | CSAIL 2016-C5 Commercial Mortgage Trust Series 2016-C5 C(d) | 4.6430 | 11/15/48 | 30,730 | |||
100,000 | CSAIL 2016-C6 Commercial Mortgage Trust Series C6 B(d) | 3.9240 | 01/15/49 | 86,915 | |||
2,912,569 | GS Mortgage Securities Trust 2014-GC26 Series GC26 XA(d),(e) | 0.9890 | 11/10/47 | 13,360 | |||
55,055 | JP Morgan Chase Commercial Mortgage Securities | 3.2160 | 04/15/46 | 50,764 | |||
60,000 | JP Morgan Chase Commercial Mortgage Securities Series LC11 B | 3.4990 | 04/15/46 | 50,339 | |||
45,000 | JPMBB Commercial Mortgage Securities Trust Series 2015-C30 B(d) | 4.2290 | 07/15/48 | 38,936 | |||
10,000 | JPMBB Commercial Mortgage Securities Trust Series 2015-C28 C(d) | 4.1340 | 10/15/48 | 9,229 | |||
15,000 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C12 C(d) | 7.4320 | 10/15/46 | 14,094 | |||
17,233 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C24 C(d) | 4.3230 | 05/15/48 | 15,125 | |||
1,889,541 | SG Commercial Mortgage Securities Trust 2016-C5 Series C5 XA(d),(e) | 1.8590 | 10/10/48 | 59,128 | |||
220,000 | UBS Commercial Mortgage Trust 2018-C13 Series C13 B(d) | 4.7860 | 10/15/51 | 193,476 | |||
75,000 | Wells Fargo Commercial Mortgage Trust 2014-LC16 Series LC16 B | 4.3220 | 08/15/50 | 59,329 | |||
25,000 | Wells Fargo Commercial Mortgage Trust 2015-C27 Series 2015-C27 B(d) | 4.1390 | 02/15/48 | 21,483 | |||
75,000 | Wells Fargo Commercial Mortgage Trust 2015-NXS1 Series 2015-NXS1 D(d) | 4.1400 | 05/15/48 | 64,537 | |||
100,000 | Wells Fargo Commercial Mortgage Trust 2016-NXS6 Series 2016-NXS6 B | 3.8110 | 11/15/49 | 90,132 | |||
160,000 | WFRBS Commercial Mortgage Trust 2013-C15 Series 2013-C15 C(d) | 4.2040 | 08/15/46 | 118,843 | |||
270,000 | WFRBS Commercial Mortgage Trust 2013-C15 Series 2013-C15 B(d) | 4.2040 | 08/15/46 | 222,371 | |||
15,000 | WFRBS Commercial Mortgage Trust 2014-C24 Series 2014-C24 B(d) | 4.2040 | 11/15/47 | 13,140 | |||
1,407,341 | |||||||
RESIDENTIAL MORTGAGE — 0.5% | |||||||
495,619 | Ellington Loan Acquisition Trust 2007-2 Series 2007-2 M2B(b),(c) | US0001M + 1.700% | 7.1700 | 05/25/37 | 280,802 | ||
TOTAL ASSET BACKED SECURITIES (Cost $3,714,880) | 3,413,863 | ||||||
ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2023 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 1.7% | |||||||
CMBS — 1.7% | |||||||
1,000,000 | Freddie Mac Multifamily Structured Pass Through Series K126 X3(d),(e) | 2.7200 | 01/25/49 | $ 145,375 | |||
1,932,097 | Government National Mortgage Association(d),(e) | 0.7260 | 03/16/58 | 59,153 | |||
4,705,103 | Government National Mortgage Association Series 2017-171 IO(d),(e) | 0.6530 | 09/16/59 | 166,573 | |||
2,443,559 | Government National Mortgage Association Series 110 IO(d),(e) | 0.6040 | 01/16/60 | 105,672 | |||
6,153,706 | Government National Mortgage Association Series 161 IB(d),(e) | 0.5220 | 08/16/60 | 240,105 | |||
1,257,679 | Government National Mortgage Association Series 2019-81 IO(d),(e) | 0.8840 | 02/16/61 | 67,778 | |||
3,681,826 | Government National Mortgage Association Series 34 IO(d),(e) | 0.7220 | 03/16/61 | 183,180 | |||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $1,103,511) | 967,836 | ||||||
CONVERTIBLE BONDS — 13.7% | |||||||
ASSET MANAGEMENT — 3.7% | |||||||
2,284,000 | RWT Holdings, Inc. | 5.7500 | 10/01/25 | 2,145,533 | |||
SPECIALTY FINANCE — 10.0% | |||||||
1,965,000 | PennyMac Corporation | 5.5000 | 11/01/24 | 1,918,331 | |||
500,000 | Redwood Trust, Inc. | 7.7500 | 06/15/27 | 460,938 | |||
3,205,000 | Two Harbors Investment Corporation | 6.2500 | 01/15/26 | 2,964,624 | |||
500,000 | Western Asset Mortgage Capital Corporation | 6.7500 | 09/15/24 | 487,500 | |||
5,831,393 | |||||||
TOTAL CONVERTIBLE BONDS (Cost $7,838,175) | 7,976,926 | ||||||
CORPORATE BONDS — 4.1% | |||||||
SPECIALTY FINANCE — 4.1% | |||||||
1,559,000 | PHH Mortgage Corporation(b) | 7.8750 | 03/15/26 | 1,397,868 | |||
989,000 | Rithm Capital Corporation(b) | 6.2500 | 10/15/25 | 974,630 | |||
TOTAL CORPORATE BONDS (Cost $2,405,614) | 2,372,498 | ||||||
ALPHACENTRIC STRATEGIC INCOME FUND (SIIAX, SIICX, SIIIX) | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2023 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
U.S. GOVERNMENT & AGENCIES — 2.5% | |||||||
AGENCY FIXED RATE — 1.1% | |||||||
806,736 | Fannie Mae Pool BQ4516 | 2.0000 | 02/01/51 | $ 663,041 | |||
AGENCY MBS OTHER — 1.4% | |||||||
393,881 | Ginnie Mae II Pool MA8867 | 5.5000 | 05/20/53 | 391,090 | |||
418,899 | Ginnie Mae II Pool MA9007 | 6.5000 | 07/20/53 | 425,754 | |||
816,844 | |||||||
TOTAL U.S. GOVERNMENT & AGENCIES (Cost $1,493,052) | 1,479,885 | ||||||
Shares | Fair Value | ||||||
SHORT-TERM INVESTMENT — 18.9% | |||||||
MONEY MARKET FUND - 18.9% | |||||||
10,963,163 | First American Treasury Obligations Fund, Class X, 5.28% (Cost $10,963,163)(f) | 10,963,163 | |||||
TOTAL INVESTMENTS - 98.9% (Cost $60,420,495) | $ 57,466,282 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 1.1% | 618,843 | ||||||
NET ASSETS - 100.0% | $ 58,085,125 | ||||||
CLO | - Collateralized Loan Obligation |
CMBS | - Commercial Mortgage Backed Securities |
LTD | - Limited Company |
MBS | - Mortgage Backed Securities |
REIT | - Real Estate Investment Trust |
H15T5Y | - US Treasury Yield Curve Rate T Note Constant Maturity 1 Year |
SOFRRATE | -United States SOFR Secured Overnight Financing Rate |
TSFR1M | - Term Secured Overnight Financing Rate (SOFR) 1 month |
US0001M | - Intercontinental Exchange London Interbank Offered Rate (ICE LIBOR) USD 1 Month |
US0003M | - Intercontinental Exchange London Interbank Offered Rate (ICE LIBOR) USD 3 Month |
(a) | Non-income producing security. |
(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 December 31, 2023 the total market value of 144A securities is $3,341,600 or 5.8% of net assets. |
(c) | 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. |
(d) | Variable rate security; the rate shown represents the rate on December 31, 2023. |
(e) | Interest only securities. |
(f) | Rate disclosed is the seven day effective yield as of December 31, 2023. |
(g) | Illiquid security. Total illiquid securities represents 0.0% of net assets as of December 31, 2023. |
(h) | REIT – Real Estate Investment Trust. |