AlphaCentric Prime Meridian Income Fund (PMIFX) NPORT-P AlphaCentric Prime Meridian Income Fund (Dec 2021 report)

AlphaCentric Prime Meridian Income Fund
SCHEDULE OF INVESTMENTS
December 31, 2021 (Unaudited)
	Platform	Original Acquisition Date	Principal Amount	Cost	Fair Value
WHOLE LOANS - 31.8%
Consumer Loans - 31.8% (a)
171647609, 15.40%, 11/20/23	LendingClub	11/20/20	$        2,210	$        2,148	$         2,131
171949148, 14.71%, 11/16/23	LendingClub	11/16/20	4,749	4,587	4,558
171975587, 15.40%, 12/02/25	LendingClub	12/02/20	15,543	14,621	14,550
172061073, 16.08%, 11/18/23	LendingClub	11/18/20	6,927	6,560	6,565
172062950, 14.71%, 11/17/23	LendingClub	11/17/20	1,084	1,040	1,068
172124627, 14.02%, 11/19/23	LendingClub	11/19/20	4,117	3,925	3,920
172171302, 15.40%, 11/23/23	LendingClub	11/23/20	8,658	8,254	8,228
172410090, 16.08%, 12/04/25	LendingClub	12/04/20	8,583	8,128	8,073
172450861, 14.02%, 12/03/25	LendingClub	12/03/20	17,164	15,389	15,461
172526594, 15.00%, 12/03/25	LendingClub	12/03/20	8,917	8,444	4,200
172930301, 17.30%, 01/07/26	LendingClub	01/07/21	8,746	8,571	8,341
172953769, 10.81%, 01/04/24	LendingClub	01/04/21	6,566	6,454	6,443
173001562, 9.56%, 01/04/24	LendingClub	01/04/21	8,690	8,343	8,394
173189961, 13.33%, 01/04/24	LendingClub	01/04/21	7,354	7,215	7,112
173230532, 16.08%, 12/29/23	LendingClub	12/29/20	8,619	8,239	8,212
173245923, 15.40%, 01/04/26	LendingClub	01/04/21	13,034	12,706	12,536
173275380, 18.24%, 01/13/26	LendingClub	01/13/21	8,726	7,985	7,880
173282489, 14.71%, 01/07/24	LendingClub	01/07/21	4,437	4,370	4,303
173338471, 20.74%, 01/13/26	LendingClub	01/13/21	15,995	15,195	14,890
173339982, 18.24%, 12/31/23	LendingClub	12/31/20	7,521	7,028	6,959
173344582, 16.08%, 01/05/24	LendingClub	01/05/21	8,922	8,449	8,427
173358800, 19.95%, 01/13/24	LendingClub	01/13/21	15,093	14,112	13,980
173360905, 15.40%, 12/31/25	LendingClub	12/31/20	10,272	9,690	9,638
173377823, 19.95%, 01/04/26	LendingClub	01/04/21	12,705	12,031	11,768
173385054, 16.08%, 12/31/25	LendingClub	12/31/20	8,582	8,366	8,274
173397739, 18.24%, 01/04/26	LendingClub	01/04/21	10,614	10,185	9,963
173401158, 15.40%, 01/04/24	LendingClub	01/04/21	2,243	2,158	2,141
173410101, 14.02%, 01/04/26	LendingClub	01/04/21	12,971	12,889	12,669
173421109, 14.02%, 01/04/24	LendingClub	01/04/21	7,375	7,142	7,071
173425721, 16.08%, 01/06/26	LendingClub	01/06/21	10,452	9,930	9,848
173428112, 18.24%, 01/04/26	LendingClub	01/04/21	8,841	8,651	8,433
173440757, 15.40%, 01/07/26	LendingClub	01/07/21	17,283	16,592	16,446
173452322, 20.74%, 01/04/26	LendingClub	01/04/21	10,614	10,586	10,251
173472479, 17.30%, 01/07/26	LendingClub	01/07/21	17,493	17,056	16,613
173480973, 19.95%, 01/29/24	LendingClub	01/29/21	7,540	7,012	6,971
173481448, 16.08%, 01/07/26	LendingClub	01/07/21	9,930	9,781	9,633
173537826, 14.02%, 01/06/26	LendingClub	01/06/21	8,677	8,546	8,428
173555296, 13.33%, 01/07/24	LendingClub	01/07/21	7,354	7,097	7,038
173586675, 19.12%, 01/07/26 (b)	LendingClub	01/07/21	9,033	8,898	1,575
173715688, 17.24%, 01/13/26	LendingClub	01/13/21	10,494	10,126	9,937
173769503, 17.99%, 01/15/24	LendingClub	01/15/21	7,513	7,138	7,072
173916043, 12.74%, 01/25/24	LendingClub	01/25/21	3,668	3,448	3,449
174073400, 15.19%, 01/26/24	LendingClub	01/26/21	5,927	5,572	5,543
174167788, 13.24%, 02/01/24	LendingClub	02/01/21	7,302	6,862	6,855
182645812, 23.99%, 11/08/26	LendingClub	11/08/21	19,032	18,841	18,561
182823625, 28.99%, 11/18/26	LendingClub	11/18/21	7,145	7,003	6,923
182847100, 28.99%, 11/24/26	LendingClub	11/23/21	14,291	13,862	13,736
182926009, 25.99%, 11/12/26	LendingClub	11/12/21	10,711	10,389	10,258
182943768, 24.99%, 11/10/26	LendingClub	11/10/21	11,898	11,303	11,164
182976843, 16.99%, 11/10/26	LendingClub	11/10/21	9,893	9,893	9,810
183123528, 20.44%, 11/12/26	LendingClub	11/12/21	6,536	6,536	6,467
183167221, 28.99%, 11/16/26	LendingClub	11/16/21	9,527	9,146	9,037
183196256, 28.99%, 11/17/26	LendingClub	11/17/21	11,909	11,492	11,356
183289999, 28.99%, 11/19/26	LendingClub	11/19/21	5,955	5,865	5,800
183337972, 23.99%, 11/22/26	LendingClub	11/22/21	8,326	8,326	8,236
183380248, 16.99%, 11/24/26	LendingClub	11/23/21	1,781	1,772	1,762
183394979, 23.99%, 11/22/26	LendingClub	11/22/21	3,580	3,580	3,576
183489173, 23.99%, 11/24/26	LendingClub	11/24/21	19,825	19,826	19,640
183598008, 23.99%, 11/30/26	LendingClub	11/30/21	9,912	9,863	9,782
183647148, 21.49%, 12/03/26	LendingClub	12/03/21	4,800	4,752	4,715
183657208, 28.99%, 12/09/26	LendingClub	12/09/21	16,800	16,296	16,198
183658618, 17.24%, 12/07/26	LendingClub	12/07/21	20,000	19,200	19,129
183694841, 28.99%, 12/09/26	LendingClub	12/09/21	20,000	19,400	19,284
183709052, 15.44%, 12/06/26	LendingClub	12/06/21	6,500	6,403	6,374
183714114, 15.44%, 12/06/26	LendingClub	12/06/21	14,500	14,282	14,220
183737266, 16.99%, 12/07/26	LendingClub	12/07/21	10,000	9,750	9,711
183741816, 23.99%, 12/08/26	LendingClub	12/08/21	6,000	5,940	5,898
183757303, 23.99%, 12/07/26	LendingClub	12/07/21	9,000	8,775	8,714
183839826, 18.49%, 12/07/26	LendingClub	12/07/21	15,000	14,775	14,694
183844896, 28.99%, 12/08/26	LendingClub	12/08/21	18,000	17,370	17,253
183878363, 16.49%, 12/07/26	LendingClub	12/07/21	4,000	4,000	3,981
183881189, 29.99%, 12/08/26	LendingClub	12/08/21	13,000	12,805	12,713
183882265, 23.99%, 12/09/26	LendingClub	12/09/21	20,000	19,400	19,288
183897668, 24.99%, 12/09/26	LendingClub	12/09/21	3,600	3,582	3,560
183918274, 21.49%, 12/14/24	LendingClub	12/14/21	11,132	11,021	10,967
183932613, 20.99%, 12/09/26	LendingClub	12/09/21	20,000	19,900	19,803
183940931, 14.19%, 12/09/26	LendingClub	12/09/21	10,000	10,000	9,969
183964825, 24.99%, 12/13/26	LendingClub	12/13/21	10,000	9,750	9,698
183982510, 15.19%, 12/10/26	LendingClub	12/10/21	8,000	7,960	7,932
184105178, 23.99%, 12/14/26	LendingClub	12/14/21	14,500	14,284	14,216
184568910, 18.99%, 12/31/26	LendingClub	12/31/21	20,000	19,500	19,500
184582862, 17.44%, 12/31/26	LendingClub	12/31/21	15,500	15,345	15,345
184595768, 18.49%, 12/30/26	LendingClub	12/30/21	10,000	10,000	10,000
184598994, 16.49%, 12/30/26	LendingClub	12/30/21	3,600	3,600	3,600
163208217, 30.99%, 01/16/23	LendingClub	01/30/20	1,973	1,972	1,996
164014273, 26.99%, 01/17/23	LendingClub	01/30/20	5,332	5,332	5,272
164149433, 26.99%, 01/15/25 (b)	LendingClub	01/30/20	23,163	23,163	19,295
164176192, 29.96%, 01/17/23	LendingClub	01/30/20	2,331	2,330	2,360
164233307, 30.99%, 01/13/23	LendingClub	01/30/20	11,742	11,742	11,873
164363032, 29.41%, 01/16/23	LendingClub	01/30/20	5,570	5,570	5,640
164446126, 30.99%, 01/13/23	LendingClub	01/30/20	3,718	3,718	3,786
164453124, 21.59%, 01/15/23	LendingClub	01/30/20	524	524	514
164454862, 23.31%, 01/14/23	LendingClub	01/30/20	4,428	4,428	4,341
164549323, 25.21%, 01/14/23	LendingClub	01/30/20	2,766	2,766	2,740
164570836, 23.31%, 01/13/25	LendingClub	01/30/20	8,794	8,794	8,495
164606713, 22.33%, 01/14/23	LendingClub	01/30/20	4,206	4,206	4,136
164641464, 19.99%, 01/16/23	LendingClub	01/30/20	1,509	1,509	1,481
164717993, 30.99%, 01/13/23	LendingClub	01/30/20	3,358	3,358	3,359
164756845, 21.59%, 01/13/23	LendingClub	01/30/20	4,367	4,367	4,283
164791937, 29.41%, 01/14/25	LendingClub	01/30/20	22,158	22,157	21,559
164816754, 26.19%, 01/13/23	LendingClub	01/30/20	1,540	1,540	1,521
164848741, 30.99%, 01/14/23	LendingClub	01/30/20	2,818	2,818	2,850
164916212, 30.99%, 01/15/23	LendingClub	01/30/20	3,356	3,356	3,412
164951573, 21.59%, 01/15/23	LendingClub	01/30/20	873	873	857
165027782, 30.99%, 01/17/23	LendingClub	01/30/20	2,349	2,348	2,378
165055308, 29.96%, 01/17/23	LendingClub	01/30/20	2,882	2,882	2,914
165058585, 30.99%, 01/17/23	LendingClub	01/30/20	9,902	9,902	9,938
165446373, 17.29%, 01/24/23	LendingClub	01/30/20	3,288	3,288	3,237
183535522, 17.99%, 12/27/24	LendingClub	12/28/21	2,200	2,222	2,220
183615887, 13.99%, 12/27/24	LendingClub	12/28/21	10,000	10,099	10,092
183691129, 18.49%, 12/27/24	LendingClub	12/28/21	11,000	11,110	11,100
183776530, 21.99%, 12/27/24	LendingClub	12/28/21	6,000	6,060	6,053
183824964, 28.24%, 12/27/26	LendingClub	12/28/21	7,000	7,070	7,059
183845635, 22.24%, 12/27/24	LendingClub	12/28/21	10,000	10,100	10,088
184176809, 26.74%, 12/27/26	LendingClub	12/28/21	12,000	12,120	12,101
184197962, 23.99%, 12/27/24	LendingClub	12/28/21	12,000	12,120	12,104
184199273, 30.99%, 12/27/26	LendingClub	12/28/21	19,000	19,190	19,157
184237668, 25.49%, 12/27/26	LendingClub	12/28/21	9,000	9,090	9,076
184303917, 13.99%, 12/27/24	LendingClub	12/28/21	6,500	6,565	6,560
184341030, 30.99%, 12/27/24	LendingClub	12/28/21	9,000	9,090	9,073
184361660, 28.49%, 12/27/24	LendingClub	12/28/21	3,000	3,030	3,025
184362215, 15.99%, 12/27/24	LendingClub	12/28/21	20,000	20,199	20,183
184370830, 17.99%, 12/27/24	LendingClub	12/28/21	5,500	5,555	5,550
184388558, 26.99%, 12/27/24	LendingClub	12/28/21	6,000	6,060	6,051
184395525, 27.99%, 12/27/24	LendingClub	12/28/21	10,000	10,100	10,085
184397053, 30.99%, 12/27/26	LendingClub	12/28/21	15,000	15,150	15,124
184398398, 30.99%, 12/27/26	LendingClub	12/28/21	8,000	8,080	8,066
184403525, 17.99%, 12/27/24	LendingClub	12/28/21	4,000	4,040	4,036
184406135, 30.99%, 12/27/26	LendingClub	12/28/21	9,000	9,090	9,074
184414413, 15.74%, 12/27/24	LendingClub	12/28/21	4,800	4,848	4,844
184416593, 30.99%, 12/27/24	LendingClub	12/28/21	2,400	2,424	2,388
184416749, 30.99%, 12/27/26	LendingClub	12/28/21	12,000	12,120	12,099
184416777, 24.99%, 12/27/24	LendingClub	12/28/21	3,000	3,030	3,026
184417757, 19.49%, 12/27/26	LendingClub	12/28/21	10,000	10,100	10,089
184417758, 30.49%, 12/27/24	LendingClub	12/28/21	3,000	3,030	3,025
184429316, 28.49%, 12/27/24	LendingClub	12/28/21	1,500	1,515	1,513
184430130, 30.99%, 12/27/26	LendingClub	12/28/21	10,000	10,100	10,083
184447010, 28.99%, 12/27/26	LendingClub	12/28/21	7,200	7,272	7,260
184450399, 30.99%, 12/27/24	LendingClub	12/28/21	6,000	6,060	6,049
184455585, 17.99%, 12/27/24	LendingClub	12/28/21	2,000	2,020	2,018
184459335, 19.99%, 12/27/24	LendingClub	12/28/21	24,000	24,239	24,214
184460455, 30.99%, 12/27/26	LendingClub	12/28/21	11,000	11,110	11,091
184463085, 30.99%, 12/27/24	LendingClub	12/28/21	2,000	2,020	2,016
184463310, 26.49%, 12/27/24	LendingClub	12/28/21	9,100	9,191	9,178
184463486, 30.99%, 12/27/24	LendingClub	12/28/21	8,000	8,080	8,065
184463650, 15.74%, 12/27/24	LendingClub	12/28/21	8,000	8,080	8,072
184464380, 30.99%, 12/27/26	LendingClub	12/28/21	20,000	20,200	20,165
184466611, 21.99%, 12/27/26	LendingClub	12/28/21	25,000	25,250	25,216
184466831, 30.99%, 12/27/24	LendingClub	12/28/21	2,400	2,424	2,420
184467082, 20.99%, 12/27/24	LendingClub	12/28/21	5,000	5,050	5,044
184467823, 17.99%, 12/27/24	LendingClub	12/28/21	20,000	20,200	20,182
184469051, 26.99%, 12/27/24	LendingClub	12/28/21	6,400	6,464	6,454
184470793, 27.99%, 12/27/24	LendingClub	12/28/21	12,000	12,120	12,102
184471643, 30.99%, 12/27/26	LendingClub	12/28/21	15,000	15,150	15,124
184472663, 27.49%, 12/27/26	LendingClub	12/28/21	10,000	10,100	10,084
184473552, 17.49%, 12/27/24	LendingClub	12/28/21	12,000	12,120	12,110
184474636, 24.99%, 12/27/24	LendingClub	12/28/21	3,850	3,888	3,883
184475340, 30.99%, 12/27/24	LendingClub	12/28/21	2,400	2,424	2,420
184476554, 30.99%, 12/27/24	LendingClub	12/28/21	4,500	4,545	4,537
184477367, 30.99%, 12/27/26	LendingClub	12/28/21	5,000	5,050	5,041
184477733, 30.99%, 12/27/24	LendingClub	12/28/21	5,000	5,050	5,041
184481397, 28.99%, 12/27/24	LendingClub	12/28/21	10,000	10,100	10,084
184485635, 30.99%, 12/27/26	LendingClub	12/28/21	10,000	10,100	10,083
184487239, 19.99%, 12/27/24	LendingClub	12/28/21	5,000	5,050	5,045
184487535, 24.99%, 12/27/24	LendingClub	12/28/21	6,000	6,060	6,052
160708165, 16.12%, 11/15/24	LendingClub	02/19/20	9,777	9,190	9,283
161523634, 17.74%, 11/08/22	LendingClub	03/04/20	5,085	4,799	4,966
161565701, 18.62%, 11/08/24	LendingClub	02/19/20	7,600	6,954	7,183
161657418, 18.62%, 11/12/24	LendingClub	02/19/20	10,363	9,586	9,807
161704640, 18.62%, 11/12/24	LendingClub	02/20/20	13,439	12,297	12,717
161741565, 16.95%, 11/15/24	LendingClub	02/19/20	13,636	12,886	12,937
161908462, 17.74%, 11/15/24	LendingClub	02/19/20	10,292	9,674	9,764
163899498, 11.71%, 12/31/22	LendingClub	01/16/20	1,863	1,835	1,812
164519373, 7.56%, 01/28/23	LendingClub	05/22/20	4,649	4,324	4,581
164938162, 14.30%, 01/28/25	LendingClub	02/13/20	8,801	8,427	8,275
165204262, 25.65%, 01/28/23	LendingClub	07/24/20	2,721	2,285	2,637
165287847, 11.71%, 01/30/23	LendingClub	07/24/20	2,533	2,255	2,477
165469407, 10.33%, 01/28/25	LendingClub	02/14/20	9,514	9,181	9,059
165594779, 10.33%, 01/28/25	LendingClub	02/18/20	9,312	8,986	8,805
165603303, 20.55%, 02/04/25	LendingClub	02/14/20	1,543	1,452	1,484
165836621, 8.81%, 02/04/23	LendingClub	05/04/20	7,599	6,991	7,471
166595031, 17.74%, 02/12/23	LendingClub	07/24/20	908	828	879
166633377, 13.08%, 02/27/23	LendingClub	09/09/20	5,101	4,004	4,934
166645557, 17.74%, 02/14/23	LendingClub	03/05/20	6,852	6,423	6,623
166676755, 17.74%, 03/13/25	LendingClub	10/08/20	15,632	14,616	14,794
166959518, 20.55%, 02/25/23	LendingClub	09/09/20	4,448	3,359	4,254
167094451, 14.30%, 02/24/23	LendingClub	07/28/20	4,630	4,086	4,452
167190347, 13.08%, 02/24/23	LendingClub	07/27/20	1,733	1,594	1,685
167369199, 25.65%, 02/26/23	LendingClub	07/24/20	3,875	3,264	3,701
167374459, 15.24%, 02/26/23	LendingClub	09/02/20	665	599	646
167464521, 11.71%, 02/27/23	LendingClub	09/02/20	6,463	5,784	6,286
167503134, 8.19%, 02/28/23	LendingClub	09/24/20	3,429	3,275	3,328
167523901, 16.95%, 03/09/23	LendingClub	09/02/20	2,871	2,541	2,770
167669367, 17.74%, 03/03/23	LendingClub	07/24/20	7,450	6,556	7,241
167903543, 7.02%, 03/06/23	LendingClub	06/15/20	2,211	2,001	2,173
167918460, 7.56%, 03/06/23	LendingClub	09/30/20	9,634	9,297	9,381
168129697, 10.33%, 03/10/23	LendingClub	09/09/20	3,177	2,462	3,062
168130519, 13.08%, 03/10/23	LendingClub	07/24/20	1,646	1,502	1,594
168132569, 17.74%, 04/14/23	LendingClub	10/19/20	3,574	3,360	3,418
168172636, 18.62%, 04/14/23	LendingClub	10/15/20	4,362	4,013	4,162
168173979, 15.24%, 03/13/23	LendingClub	09/28/20	8,991	6,608	7,262
168183156, 7.56%, 03/11/23	LendingClub	06/12/20	2,799	2,603	2,750
168200504, 6.46%, 03/13/23	LendingClub	06/12/20	4,198	3,904	4,124
168220915, 20.55%, 04/14/25	LendingClub	10/07/20	16,414	15,101	15,455
168274051, 10.33%, 03/13/25	LendingClub	10/07/20	7,077	6,617	6,696
168303877, 11.02%, 03/13/23	LendingClub	09/22/20	2,120	1,532	1,709
168306633, 8.81%, 03/16/23	LendingClub	06/15/20	4,305	3,982	4,232
168345597, 14.30%, 03/17/23	LendingClub	07/28/20	1,870	1,655	1,808
168365641, 8.81%, 03/16/23	LendingClub	07/24/20	4,488	4,174	4,411
168393982, 17.74%, 03/17/23	LendingClub	10/01/20	2,506	2,355	2,407
168429535, 0.00%, 03/17/23 (b)(c)	LendingClub	09/25/20	21,624	15,785	-
168556628, 23.05%, 03/19/23	LendingClub	07/27/20	1,513	1,226	1,459
168568136, 15.24%, 03/24/25	LendingClub	10/19/20	16,104	15,057	15,282
168602126, 14.30%, 04/14/23	LendingClub	10/29/20	5,284	4,993	5,094
168607697, 17.74%, 04/27/23	LendingClub	10/22/20	3,062	2,878	2,945
168615219, 16.95%, 04/15/23	LendingClub	10/20/20	4,310	4,051	4,137
168640072, 28.80%, 04/14/25	LendingClub	10/19/20	8,577	7,720	7,888
168652487, 14.30%, 04/14/23	LendingClub	10/19/20	5,968	5,669	5,764
168657591, 18.62%, 03/27/23	LendingClub	10/19/20	1,454	1,323	1,395
Total Whole Loans				1,760,892	1,732,407
BRIDGE LOANS - 50.4%
Real Estate Loans - 50.4% (a)(d)
39028, 8.75%, 04/30/22	Fund That Flip	04/01/21	50,000	50,000	48,583
39301, 9.50%, 05/26/22 (b)	Fund That Flip	03/31/21	50,000	50,000	49,814
39333, 8.50%, 04/15/22	Fund That Flip	08/31/21	30,000	30,000	29,514
39753, 9.00%, 01/15/23 (b)	Fund That Flip	03/24/21	50,000	50,000	49,962
40671, 8.75%, 09/19/22	Fund That Flip	03/29/21	50,000	50,000	48,927
40785, 8.25%, 11/25/27	Fund That Flip	03/29/21	50,000	50,000	49,610
40833, 8.75%, 03/18/22	Fund That Flip	04/22/21	36,000	36,000	34,941
40969, 9.00%, 10/05/22 (b)	Fund That Flip	04/09/21	50,000	50,000	50,338
41154, 8.50%, 03/12/22	Fund That Flip	03/24/21	50,000	50,000	48,482
41159, 8.50%, 03/11/22	Fund That Flip	03/29/21	58,000	58,000	56,261
41164, 8.50%, 04/14/22	Fund That Flip	04/23/21	30,000	30,000	29,196
41250, 10.00%, 10/27/23 (b)	Fund That Flip	07/19/21	40,000	40,000	40,326
41289, 8.50%, 03/22/22	Fund That Flip	03/29/21	50,000	50,000	48,501
41515, 9.25%, 06/23/22	Fund That Flip	08/16/21	25,948	25,948	25,509
41539, 8.75%, 03/30/22	Fund That Flip	04/06/21	50,000	50,000	48,475
41598, 8.75%, 01/20/23	Fund That Flip	05/06/21	30,000	30,000	28,995
41615, 8.25%, 01/05/23	Fund That Flip	04/14/21	30,000	30,000	29,007
41663, 9.50%, 04/02/22 (b)	Fund That Flip	04/06/21	30,000	30,000	29,901
41710, 9.25%, 04/15/22	Fund That Flip	04/22/21	35,000	35,000	33,985
41711, 9.50%, 04/02/22 (b)	Fund That Flip	04/06/21	30,000	30,000	29,901
41751, 9.00%, 04/07/22	Fund That Flip	04/09/21	50,000	50,000	48,538
41923, 10.00%, 12/10/22 (b)	Fund That Flip	07/19/21	40,000	40,000	40,326
42127, 8.75%, 04/30/22	Fund That Flip	05/06/21	30,000	30,000	29,197
42370, 10.00%, 11/11/27 (b)	Fund That Flip	07/08/21	35,000	35,000	35,278
42375, 9.00%, 07/15/22	Fund That Flip	09/30/21	30,000	30,000	29,667
42811, 8.50%, 04/28/22	Fund That Flip	11/30/21	41,000	41,000	40,779
42887, 8.50%, 07/09/22 (b)	Fund That Flip	07/19/21	40,000	40,000	39,986
43028, 8.75%, 07/29/22	Fund That Flip	08/16/21	30,000	30,000	29,544
43347, 8.75%, 08/03/22	Fund That Flip	08/16/21	30,000	30,000	29,570
44866, 8.50%, 08/10/22	Fund That Flip	12/09/21	45,000	45,000	44,859
45227, 9.00%, 09/21/22	Fund That Flip	10/13/21	50,000	50,000	49,556
54018, 8.50%, 08/16/22	Fund That Flip	12/08/21	40,000	40,000	39,869
54682, 8.25%, 08/19/22	Fund That Flip	12/09/21	40,000	40,000	39,878
184333436, 9.00%, 01/01/26	Patch of Land	01/02/20	25,000	25,000	24,994
184333602, 9.00%, 01/01/25	Patch of Land	01/16/20	25,000	25,000	24,994
184333907, 8.75%, 06/01/22	Patch of Land	02/10/20	20,000	20,000	19,996
184333908, 9.00%, 06/01/22	Patch of Land	02/10/20	15,000	15,000	14,996
184333924, 9.20%, 06/01/22	Patch of Land	02/11/20	25,000	25,000	24,994
184333926, 9.20%, 06/01/22 (b)	Patch of Land	02/11/20	25,000	25,000	22,089
184333968, 9.20%, 06/01/22 (b)	Patch of Land	02/14/20	25,000	25,000	22,089
184334431, 10.50%, 04/01/22	Patch of Land	05/26/20	9,000	9,000	8,998
184334463, 10.50%, 12/01/28	Patch of Land	06/03/20	15,000	15,000	14,996
184335020, 9.20%, 02/01/22	Patch of Land	01/04/21	10,000	10,000	9,944
184335040, 8.75%, 04/01/22	Patch of Land	01/12/21	21,000	21,000	20,914
184335088, 9.30%, 09/01/22	Patch of Land	01/29/21	34,225	34,225	34,065
17406, 11.00%, 03/31/22 (b)	Sharestates	01/02/20	25,000	25,000	23,917
17409, 10.00%, 05/31/22	Sharestates	01/02/20	25,000	25,000	24,885
17462, 10.50%, 07/31/22 (b)	Sharestates	01/16/20	30,000	30,000	25,450
17463, 9.00%, 02/28/22	Sharestates	01/16/20	28,000	28,000	27,837
17920, 8.00%, 03/31/22	Sharestates	02/11/20	25,000	25,000	24,865
17922, 9.00%, 08/31/22 (b)	Sharestates	02/11/20	16,154	16,154	14,847
17923, 8.50%, 12/31/22	Sharestates	02/11/20	25,000	25,000	24,851
18070, 8.75%, 12/31/22	Sharestates	02/24/20	30,000	30,000	29,860
18773, 9.00%, 01/31/23	Sharestates	07/01/20	25,000	25,000	24,852
18833, 8.75%, 06/30/22	Sharestates	07/17/20	25,000	25,000	24,990
19048, 9.25%, 12/31/22	Sharestates	09/28/20	30,000	30,000	29,821
19138, 9.00%, 01/31/23	Sharestates	10/23/20	20,000	20,000	19,892
19234, 9.50%, 08/31/22 (b)	Sharestates	11/20/20	30,000	30,000	27,298
19238, 10.00%, 08/31/22 (b)	Sharestates	11/24/20	30,000	30,000	27,334
19356, 9.00%, 12/31/22	Sharestates	12/29/20	10,000	10,000	9,948
19434, 9.00%, 09/30/25 (b)	Sharestates	01/19/21	20,000	20,000	18,385
19476, 8.75%, 01/31/23	Sharestates	01/21/21	30,000	30,000	29,844
19585, 9.00%, 08/31/22	Sharestates	02/18/21	25,000	25,000	25,040
19675, 9.25%, 01/31/23	Sharestates	03/09/21	31,000	31,000	30,836
19681, 8.75%, 12/31/22	Sharestates	03/12/21	23,000	23,000	22,909
19682, 8.75%, 09/30/25 (b)	Sharestates	03/12/21	40,000	40,000	38,315
19683, 9.25%, 12/31/22	Sharestates	03/12/21	45,000	45,000	44,809
19684, 10.50%, 02/28/22	Sharestates	03/12/21	45,000	45,000	44,774
19685, 9.25%, 12/31/22	Sharestates	03/12/21	15,000	15,000	14,936
19690, 9.00%, 08/31/22	Sharestates	03/12/21	45,000	45,000	45,083
19711, 11.00%, 03/31/22	Sharestates	03/17/21	40,000	40,000	39,444
19965, 10.00%, 12/31/22 (b)	Sharestates	04/30/21	35,000	35,000	32,248
20164, 10.00%, 11/30/22 (b)	Sharestates	06/24/21	15,000	15,000	14,916
20208, 10.00%, 02/28/22	Sharestates	06/29/21	35,000	35,000	34,831
20327, 9.25%, 01/31/23	Sharestates	07/28/21	37,000	37,000	36,782
20347, 9.00%, 07/31/22	Sharestates	07/30/21	35,000	35,000	34,910
20381, 8.75%, 01/31/23	Sharestates	08/06/21	25,000	25,000	24,878
20403, 9.00%, 08/31/22	Sharestates	08/20/21	29,000	29,000	28,931
20454, 9.50%, 08/31/22	Sharestates	09/07/21	50,000	50,000	49,869
20636, 9.50%, 03/31/22	Sharestates	10/01/21	30,000	30,000	29,898
20681, 9.00%, 10/31/22	Sharestates	10/14/21	35,000	35,000	34,945
20742, 11.00%, 07/31/22	Sharestates	10/25/21	23,000	23,000	22,953
20812, 11.00%, 05/31/22	Sharestates	11/17/21	40,000	40,000	39,908
20890, 8.25%, 08/31/22	Sharestates	12/03/21	50,000	50,000	49,956
20909, 8.50%, 08/31/22	Sharestates	12/09/21	40,000	40,000	39,968
Total Bridge Loans				2,787,327	2,740,359
Total Investments - 82.2%				4,548,219	4,472,766
Other Assets in Excess of Liabilities - 17.8%					966,203
TOTAL NET ASSETS - 100.0%					$  5,438,969
(a) Fair valued by a third party pricing service using unobservable inputs and subject to review by AlphaCentric Advisors LLC (the "Advisor") pursuant to policies approved by the Board of Trustees of the Fund.
(b) Past-due loan.
(c) Non-income producing.
(d) Short-term loans backed by single-family, multi-family and commercial properties.

Portfolio Valuation

The Board of Trustees (the “Board”) has adopted Valuation Procedures pursuant to which the AlphaCentric Prime Meridian Income Fund (the “Fund”) values its investments (the “Valuation Procedures”) to ensure investments are valued in a manner consistent with U.S. GAAP as required by the 1940 Act. The Board has delegated to the Fund’s Valuation Committee the responsibility for implementing the Valuation Procedures.

The vast majority of the Fund’s holdings are loans sourced through Marketplace Loans for which market quotations are not readily available. As of December 31, 2021, the Fund’s holdings were comprised of consumer and real estate loans. The Fund has engaged a third party pricing service (“Valuation Service Provider”) to provide the fair value of the Fund’s Marketplace Loan holdings. The Valuation Service Provider’s proprietary pricing procedures utilize, among other inputs, a discounted cash flow approach that utilizes historical data received from the clients/platforms, as well as proprietary loan level models and roll rates and simulation-based FICO migration matrix and logistic regression models based on historical data of similar investments in loan/borrower (or receivable/account debtor) characteristics, which estimate forecasted contractual cash flows for each loan or receivable for its remaining life, and which incorporate adjustments for risk factors (such as default and prepayment, as applicable). AlphaCentric Advisors LLC (the “Advisor”) and Prime Meridian Capital Management, LLC (the “Sub-Advisor”) monitor the application of the valuation methodology and consult with the Valuation Service Provider to ensure proper valuation of the Fund’s holdings. The net asset value (the “NAV”) of shares of the Fund is determined daily. The Fund has adopted a valuation policy which states that the unit of account is at the individual loan level and fair valuation will be performed using inputs which incorporate borrower-level data that is updated as often as the NAV is calculated to reflect new information regarding the borrower and loan.

The Fund follows a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Fund's own market assumptions (unobservable inputs). These inputs are used in determining the value of the Fund's investments and are summarized in the following fair value hierarchy:

Level 1 Inputs — Quoted prices in active markets for identical securities that the Fund has the ability to access

Level 2 Inputs — Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly including inputs in markets that are not considered to be active or in active markets for similar assets or liabilities, observable inputs other than quoted prices and inputs that are not directly observable but are corroborated by observable market data

Level 3 Inputs — Significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)

Transfers between levels are recognized at the end of the reporting period. There were no transfers between levels during the reporting period. The following is a summary of inputs used to value the Fund’s investments as of December 31, 2021:

Investments at Fair Value	Level 1		Level 2		Level 3		Total
Whole Loans
Consumer Loans	$	—	$	—	$	1,732,407	$	1,732,407
Bridge Loans
Real Estate Loans		—		—		2,740,359		2,740,359
Total	$	—	$	—	$	4,472,766	$	4,472,766

The following is a reconciliation of Level 3 investments for the period from October 1, 2021 to December 31, 2021:

	Consumer Loans			Real Estate Loans
Beginning Balance – October 1, 2021	$	950,579		$	2,753,396
Acquisitions		958,250			469,000
Paydowns		(178,244	)		(478,398	)
Net realized losses		(10,653	)		—
Change in unrealized appreciation/depreciation		958			(3,639	)
Accretion of discounts		11,517			—
Ending Balance – December 31, 2021	$	1,732,407		$	2,740,359
Change in unrealized appreciation/deprecation on investments still held at December 31, 2021	$	(7,466	)	$	(9,336	)

The following is a summary of quantitative information about the significant unobservable valuation inputs for Level 3 investments held as of December 31, 2021:

Type of Investment	Fair Value as of December 31, 2021	Valuation Techniques	Unobservable Inputs	Range	Weighted Average
Consumer Loans	$   1,732,407	Discounted Cash Flow	Loss-Adjusted Discount Rate; Projected Loss Percentage	1.74%-47.55% 0.00%-100.00%	13.69% 17.49%
Real Estate Loans	2,740,359	Discounted Cash Flow	Loss-Adjusted Discount Rate; Projected Loss Percentage	1.93%-10.59% 0.00%-0.89%	5.57% 0.23%
Total	$   4,472,766

During the period ended December 31, 2021, the Fund had charge offs of $10,653 of outstanding principal on the loans and recoveries of $2,813, which resulted a net charge offs of $7,840. As of December 31, 2021, there was one loan placed on a non-accrual status with a fair value of $0.