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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000048680Member_lbl" xml:lang="en-US">AlphaCentric Income Opportunities Fund</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000153405Member_lbl" xml:lang="en-US">AlphaCentric Income Opportunities Fund Class A</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_AcquiredFundsRiskMember" xlink:to="mfst_AcquiredFundsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_AcquiredFundsRiskMember_lbl" xml:lang="en-US">Acquired Funds Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_AffiliatedInvestmentCompanyRiskMember" xlink:to="mfst_AffiliatedInvestmentCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_AffiliatedInvestmentCompanyRiskMember_lbl" xml:lang="en-US">Affiliated Investment Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_AssetBackedAndMortgageBackedSecurityRiskMember" xlink:label="mfst_AssetBackedAndMortgageBackedSecurityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_AssetBackedAndMortgageBackedSecurityRiskMember" xlink:to="mfst_AssetBackedAndMortgageBackedSecurityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_AssetBackedAndMortgageBackedSecurityRiskMember_lbl" xml:lang="en-US">Asset-Backed and Mortgage-Backed Security Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CDOsAndCLOsRiskMember" xlink:label="mfst_CDOsAndCLOsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CDOsAndCLOsRiskMember" xlink:to="mfst_CDOsAndCLOsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CDOsAndCLOsRiskMember_lbl" xml:lang="en-US">CDOs and CLOs Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CreditDefaultSwapRiskMember" xlink:label="mfst_CreditDefaultSwapRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CreditDefaultSwapRiskMember" xlink:to="mfst_CreditDefaultSwapRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CreditDefaultSwapRiskMember_lbl" xml:lang="en-US">Credit Default Swap Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskMember_lbl" xml:lang="en-US">Credit Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_DerivativesRiskMember" xlink:label="mfst_DerivativesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_DerivativesRiskMember" xlink:to="mfst_DerivativesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_DistributionPolicyRiskMember" xlink:label="mfst_DistributionPolicyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_DistributionPolicyRiskMember" xlink:to="mfst_DistributionPolicyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_DistributionPolicyRiskMember_lbl" xml:lang="en-US">Distribution Policy Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_FixedIncomeRiskMember" xlink:label="mfst_FixedIncomeRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_FixedIncomeRiskMember" xlink:to="mfst_FixedIncomeRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_FixedIncomeRiskMember_lbl" xml:lang="en-US">Fixed Income Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_FuturesContractRiskMember" xlink:label="mfst_FuturesContractRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_FuturesContractRiskMember" xlink:to="mfst_FuturesContractRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_FuturesContractRiskMember_lbl" xml:lang="en-US">Futures Contract Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_HedgingRiskMember" xlink:label="mfst_HedgingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_HedgingRiskMember" xlink:to="mfst_HedgingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_HedgingRiskMember_lbl" xml:lang="en-US">Hedging Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_IndustryConcentrationRiskMember" xlink:label="mfst_IndustryConcentrationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_IndustryConcentrationRiskMember" xlink:to="mfst_IndustryConcentrationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_IndustryConcentrationRiskMember_lbl" xml:lang="en-US">Industry Concentration Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_InverseETFRiskMember" xlink:label="mfst_InverseETFRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_InverseETFRiskMember" xlink:to="mfst_InverseETFRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_InverseETFRiskMember_lbl" xml:lang="en-US">Inverse ETF Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_JunkBondRiskMember" xlink:label="mfst_JunkBondRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_JunkBondRiskMember" xlink:to="mfst_JunkBondRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_JunkBondRiskMember_lbl" xml:lang="en-US">Junk Bond Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_LeverageRiskMember" xlink:label="mfst_LeverageRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_LeverageRiskMember" xlink:to="mfst_LeverageRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_LeverageRiskMember_lbl" xml:lang="en-US">Leverage Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_LeveragedETFRiskMember" xlink:label="mfst_LeveragedETFRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_LeveragedETFRiskMember" xlink:to="mfst_LeveragedETFRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_LeveragedETFRiskMember_lbl" xml:lang="en-US">Leveraged ETF Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_LiquidityRiskMember" xlink:label="mfst_LiquidityRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ManagementRiskMember" xlink:label="mfst_ManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ManagementRiskMember" xlink:to="mfst_ManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MarketPriceVarianceRiskMember" xlink:to="mfst_MarketPriceVarianceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MarketPriceVarianceRiskMember_lbl" xml:lang="en-US">Market Price Variance Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MarketRiskMember" xlink:label="mfst_MarketRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MarketRiskMember" xlink:to="mfst_MarketRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MarketRiskMember_lbl" xml:lang="en-US">Market Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_OptionsRiskMember" xlink:label="mfst_OptionsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_OptionsRiskMember" xlink:to="mfst_OptionsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_OptionsRiskMember_lbl" xml:lang="en-US">Options Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_OptionsMarketRiskMember" xlink:label="mfst_OptionsMarketRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_OptionsMarketRiskMember" xlink:to="mfst_OptionsMarketRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_OptionsMarketRiskMember_lbl" xml:lang="en-US">Options Market Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_OverTheCounterOTCTradingRiskMember" xlink:label="mfst_OverTheCounterOTCTradingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_OverTheCounterOTCTradingRiskMember" xlink:to="mfst_OverTheCounterOTCTradingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_OverTheCounterOTCTradingRiskMember_lbl" xml:lang="en-US">Over-the-Counter ("OTC") Trading Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_PreferredStockRiskMember" xlink:label="mfst_PreferredStockRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_PreferredStockRiskMember" xlink:to="mfst_PreferredStockRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_PreferredStockRiskMember_lbl" xml:lang="en-US">Preferred Stock Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_PrepaymentAndExtensionRiskMember" xlink:label="mfst_PrepaymentAndExtensionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_PrepaymentAndExtensionRiskMember" xlink:to="mfst_PrepaymentAndExtensionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_PrepaymentAndExtensionRiskMember_lbl" xml:lang="en-US">Prepayment and Extension Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_RealEstateAndREITRiskMember" xlink:label="mfst_RealEstateAndREITRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_RealEstateAndREITRiskMember" xlink:to="mfst_RealEstateAndREITRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_RealEstateAndREITRiskMember_lbl" xml:lang="en-US">Real Estate and REIT Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_RegulatoryRiskMember" xlink:label="mfst_RegulatoryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_RegulatoryRiskMember" xlink:to="mfst_RegulatoryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_RegulatoryRiskMember_lbl" xml:lang="en-US">Regulatory Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_RepurchaseAndReverseRepurchaseAgreementsRiskMember" xlink:label="mfst_RepurchaseAndReverseRepurchaseAgreementsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_RepurchaseAndReverseRepurchaseAgreementsRiskMember" xlink:to="mfst_RepurchaseAndReverseRepurchaseAgreementsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_RepurchaseAndReverseRepurchaseAgreementsRiskMember_lbl" xml:lang="en-US">Repurchase and Reverse Repurchase Agreements Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SecurityRiskMember" xlink:label="mfst_SecurityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SecurityRiskMember" xlink:to="mfst_SecurityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SecurityRiskMember_lbl" xml:lang="en-US">Security Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_StructuredNoteRiskMember" xlink:label="mfst_StructuredNoteRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_StructuredNoteRiskMember" xlink:to="mfst_StructuredNoteRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_StructuredNoteRiskMember_lbl" xml:lang="en-US">Structured Note Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SubPrimeMortgageRiskMember" xlink:label="mfst_SubPrimeMortgageRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SubPrimeMortgageRiskMember" xlink:to="mfst_SubPrimeMortgageRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SubPrimeMortgageRiskMember_lbl" xml:lang="en-US">Sub-Prime Mortgage Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_USGovernmentObligationsRiskMember" xlink:label="mfst_USGovernmentObligationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_USGovernmentObligationsRiskMember" xlink:to="mfst_USGovernmentObligationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_USGovernmentObligationsRiskMember_lbl" xml:lang="en-US">U.S. Government Obligations Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_VolatilityRiskMember" xlink:label="mfst_VolatilityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_VolatilityRiskMember" xlink:to="mfst_VolatilityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_VolatilityRiskMember_lbl" xml:lang="en-US">Volatility Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_S000067055Member" xlink:label="mfst_S000067055Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000067055Member" xlink:to="mfst_S000067055Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000067055Member_lbl" xml:lang="en-US">AlphaCentric Life Sciences and Healthcare Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000215731Member" xlink:label="mfst_C000215731Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000215731Member" xlink:to="mfst_C000215731Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000215731Member_lbl" xml:lang="en-US">AlphaCentric Life Sciences and Healthcare Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ADRsRiskMember" xlink:label="mfst_ADRsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ADRsRiskMember" xlink:to="mfst_ADRsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ADRsRiskMember_lbl" xml:lang="en-US">ADRs Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_DevelopmentStageCompanyRiskMember" xlink:label="mfst_DevelopmentStageCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_DevelopmentStageCompanyRiskMember" xlink:to="mfst_DevelopmentStageCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_DevelopmentStageCompanyRiskMember_lbl" xml:lang="en-US">Development Stage Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_EquitySecurityRiskMember" xlink:label="mfst_EquitySecurityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_EquitySecurityRiskMember" xlink:to="mfst_EquitySecurityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_EquitySecurityRiskMember_lbl" xml:lang="en-US">Equity Security Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ExchangeTradedFundsETFsRiskMember" xlink:label="mfst_ExchangeTradedFundsETFsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ExchangeTradedFundsETFsRiskMember" xlink:to="mfst_ExchangeTradedFundsETFsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ExchangeTradedFundsETFsRiskMember_lbl" xml:lang="en-US">Exchange-Traded Funds ("ETFs") Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ForeignCurrencyRiskMember" xlink:label="mfst_ForeignCurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ForeignCurrencyRiskMember" xlink:to="mfst_ForeignCurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ForeignCurrencyRiskMember_lbl" xml:lang="en-US">Foreign Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ForeignExchangesRiskMember" xlink:label="mfst_ForeignExchangesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ForeignExchangesRiskMember" xlink:to="mfst_ForeignExchangesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ForeignExchangesRiskMember_lbl" xml:lang="en-US">Foreign Exchanges Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ForeignInvestmentRiskMember" xlink:label="mfst_ForeignInvestmentRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ForeignInvestmentRiskMember" xlink:to="mfst_ForeignInvestmentRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ForeignInvestmentRiskMember_lbl" xml:lang="en-US">Foreign Investment Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_GrowthStockRiskMember" xlink:label="mfst_GrowthStockRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_GrowthStockRiskMember" xlink:to="mfst_GrowthStockRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_GrowthStockRiskMember_lbl" xml:lang="en-US">Growth Stock Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_HealthcareSectorRiskMember" xlink:label="mfst_HealthcareSectorRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_HealthcareSectorRiskMember" xlink:to="mfst_HealthcareSectorRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_HealthcareSectorRiskMember_lbl" xml:lang="en-US">Healthcare Sector Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_BiotechAndPharmaceuticalIndustryRiskMember" xlink:label="mfst_BiotechAndPharmaceuticalIndustryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_BiotechAndPharmaceuticalIndustryRiskMember" xlink:to="mfst_BiotechAndPharmaceuticalIndustryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_BiotechAndPharmaceuticalIndustryRiskMember_lbl" xml:lang="en-US">Biotech and Pharmaceutical Industry Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_HealthcareFacilitiesAndServicesIndustryRiskMember" xlink:label="mfst_HealthcareFacilitiesAndServicesIndustryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_HealthcareFacilitiesAndServicesIndustryRiskMember" xlink:to="mfst_HealthcareFacilitiesAndServicesIndustryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_HealthcareFacilitiesAndServicesIndustryRiskMember_lbl" xml:lang="en-US">Healthcare Facilities and Services Industry Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MedicalEquipmentAndDevicesIndustryRiskMember" xlink:label="mfst_MedicalEquipmentAndDevicesIndustryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MedicalEquipmentAndDevicesIndustryRiskMember" xlink:to="mfst_MedicalEquipmentAndDevicesIndustryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MedicalEquipmentAndDevicesIndustryRiskMember_lbl" xml:lang="en-US">Medical Equipment and Devices Industry Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_IPORiskMember" xlink:label="mfst_IPORiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_IPORiskMember" xlink:to="mfst_IPORiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_IPORiskMember_lbl" xml:lang="en-US">IPO Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_LargeCapitalizationCompanyRiskMember" xlink:label="mfst_LargeCapitalizationCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_LargeCapitalizationCompanyRiskMember" xlink:to="mfst_LargeCapitalizationCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_LargeCapitalizationCompanyRiskMember_lbl" xml:lang="en-US">Large Capitalization Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_LifeSciencesSectorRiskMember" xlink:label="mfst_LifeSciencesSectorRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_LifeSciencesSectorRiskMember" xlink:to="mfst_LifeSciencesSectorRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_LifeSciencesSectorRiskMember_lbl" xml:lang="en-US">Life Sciences Sector Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MediumMidCapitalizationCompanyRiskMember" xlink:label="mfst_MediumMidCapitalizationCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MediumMidCapitalizationCompanyRiskMember" xlink:to="mfst_MediumMidCapitalizationCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MediumMidCapitalizationCompanyRiskMember_lbl" xml:lang="en-US">Medium (Mid) Capitalization Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MicroCapitalizationCompanyRiskMember" xlink:label="mfst_MicroCapitalizationCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MicroCapitalizationCompanyRiskMember" xlink:to="mfst_MicroCapitalizationCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MicroCapitalizationCompanyRiskMember_lbl" xml:lang="en-US">Micro Capitalization Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SmallerCapitalizationCompanyRiskMember" xlink:label="mfst_SmallerCapitalizationCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SmallerCapitalizationCompanyRiskMember" xlink:to="mfst_SmallerCapitalizationCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SmallerCapitalizationCompanyRiskMember_lbl" xml:lang="en-US">Smaller Capitalization Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_TurnoverRiskMember" xlink:label="mfst_TurnoverRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_TurnoverRiskMember" xlink:to="mfst_TurnoverRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_TurnoverRiskMember_lbl" xml:lang="en-US">Turnover Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_S000055006Member" xlink:label="mfst_S000055006Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000055006Member" xlink:to="mfst_S000055006Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000055006Member_lbl" xml:lang="en-US">AlphaCentric Premium Opportunity Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000173003Member" xlink:label="mfst_C000173003Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000173003Member" xlink:to="mfst_C000173003Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000173003Member_lbl" xml:lang="en-US">AlphaCentric Premium Opportunity Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CashAndCashEquivalentsRiskMember" xlink:label="mfst_CashAndCashEquivalentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CashAndCashEquivalentsRiskMember" xlink:to="mfst_CashAndCashEquivalentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CashAndCashEquivalentsRiskMember_lbl" xml:lang="en-US">Cash and Cash Equivalents Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_IndexRiskMember" xlink:label="mfst_IndexRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_IndexRiskMember" xlink:to="mfst_IndexRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_IndexRiskMember_lbl" xml:lang="en-US">Index Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_S000057714Member" xlink:label="mfst_S000057714Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000057714Member" xlink:to="mfst_S000057714Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000057714Member_lbl" xml:lang="en-US">AlphaCentric Robotics and Automation Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000186116Member" xlink:label="mfst_C000186116Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000186116Member" xlink:to="mfst_C000186116Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000186116Member_lbl" xml:lang="en-US">AlphaCentric Robotics and Automation Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CommonStockRiskMember" xlink:label="mfst_CommonStockRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CommonStockRiskMember" xlink:to="mfst_CommonStockRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CommonStockRiskMember_lbl" xml:lang="en-US">Common Stock Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_EmergingMarketsRiskMember" xlink:label="mfst_EmergingMarketsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_EmergingMarketsRiskMember" xlink:to="mfst_EmergingMarketsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_EmergingMarketsRiskMember_lbl" xml:lang="en-US">Emerging Markets Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_HealthcareEquipmentAndSuppliesIndustryRiskMember" xlink:label="mfst_HealthcareEquipmentAndSuppliesIndustryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_HealthcareEquipmentAndSuppliesIndustryRiskMember" xlink:to="mfst_HealthcareEquipmentAndSuppliesIndustryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_HealthcareEquipmentAndSuppliesIndustryRiskMember_lbl" xml:lang="en-US">Healthcare Equipment and Supplies Industry Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_HealthcareTechnologyIndustryRiskMember" xlink:label="mfst_HealthcareTechnologyIndustryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_HealthcareTechnologyIndustryRiskMember" xlink:to="mfst_HealthcareTechnologyIndustryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_HealthcareTechnologyIndustryRiskMember_lbl" xml:lang="en-US">Healthcare Technology Industry Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MachineryAndElectricalEquipmentIndustriesRiskMember" xlink:label="mfst_MachineryAndElectricalEquipmentIndustriesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MachineryAndElectricalEquipmentIndustriesRiskMember" xlink:to="mfst_MachineryAndElectricalEquipmentIndustriesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MachineryAndElectricalEquipmentIndustriesRiskMember_lbl" xml:lang="en-US">Machinery and Electrical Equipment Industries Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MarketVolatilitylinkedETFsRiskMember" xlink:label="mfst_MarketVolatilitylinkedETFsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MarketVolatilitylinkedETFsRiskMember" xlink:to="mfst_MarketVolatilitylinkedETFsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MarketVolatilitylinkedETFsRiskMember_lbl" xml:lang="en-US">Market Volatility-Linked ETFs Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_RoboticsAndAutomationCompaniesRiskMember" xlink:label="mfst_RoboticsAndAutomationCompaniesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_RoboticsAndAutomationCompaniesRiskMember" xlink:to="mfst_RoboticsAndAutomationCompaniesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_RoboticsAndAutomationCompaniesRiskMember_lbl" xml:lang="en-US">Robotics and Automation Companies Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SectorExposureRiskMember" xlink:label="mfst_SectorExposureRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SectorExposureRiskMember" xlink:to="mfst_SectorExposureRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SectorExposureRiskMember_lbl" xml:lang="en-US">Sector Exposure Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_IndustrialsSectorRiskMember" xlink:label="mfst_IndustrialsSectorRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_IndustrialsSectorRiskMember" xlink:to="mfst_IndustrialsSectorRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_IndustrialsSectorRiskMember_lbl" xml:lang="en-US">Industrials Sector Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SmallAndMediumCapitalizationCompanyRiskMember" xlink:label="mfst_SmallAndMediumCapitalizationCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SmallAndMediumCapitalizationCompanyRiskMember" xlink:to="mfst_SmallAndMediumCapitalizationCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SmallAndMediumCapitalizationCompanyRiskMember_lbl" xml:lang="en-US">Small and Medium Capitalization Company Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_S000066020Member" xlink:label="mfst_S000066020Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000066020Member" xlink:to="mfst_S000066020Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000066020Member_lbl" xml:lang="en-US">AlphaCentric Symmetry Strategy Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000213451Member" xlink:label="mfst_C000213451Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000213451Member" xlink:to="mfst_C000213451Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000213451Member_lbl" xml:lang="en-US">AlphaCentric Symmetry Strategy Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CommodityRiskMember" xlink:label="mfst_CommodityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CommodityRiskMember" xlink:to="mfst_CommodityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CommodityRiskMember_lbl" xml:lang="en-US">Commodity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CreditDefaultSwapIndexProductsRiskMember" xlink:label="mfst_CreditDefaultSwapIndexProductsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CreditDefaultSwapIndexProductsRiskMember" xlink:to="mfst_CreditDefaultSwapIndexProductsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CreditDefaultSwapIndexProductsRiskMember_lbl" xml:lang="en-US">Credit Default Swap Index Products Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ForwardsContractRiskMember" xlink:label="mfst_ForwardsContractRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ForwardsContractRiskMember" xlink:to="mfst_ForwardsContractRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ForwardsContractRiskMember_lbl" xml:lang="en-US">Forwards Contract Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_InflationIndexedBondRiskMember" xlink:label="mfst_InflationIndexedBondRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_InflationIndexedBondRiskMember" xlink:to="mfst_InflationIndexedBondRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_InflationIndexedBondRiskMember_lbl" xml:lang="en-US">Inflation-Indexed Bond Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestRateRiskMember" xlink:label="us-gaap_InterestRateRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateRiskMember" xlink:to="us-gaap_InterestRateRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateRiskMember_lbl" xml:lang="en-US">Interest Rate Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ModelAndDataRiskMember" xlink:label="mfst_ModelAndDataRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ModelAndDataRiskMember" xlink:to="mfst_ModelAndDataRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ModelAndDataRiskMember_lbl" xml:lang="en-US">Model and Data Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MunicipalSecuritiesRiskMember" xlink:label="mfst_MunicipalSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MunicipalSecuritiesRiskMember" xlink:to="mfst_MunicipalSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MunicipalSecuritiesRiskMember_lbl" xml:lang="en-US">Municipal Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SovereignDebtRiskMember" xlink:label="mfst_SovereignDebtRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SovereignDebtRiskMember" xlink:to="mfst_SovereignDebtRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SovereignDebtRiskMember_lbl" xml:lang="en-US">Sovereign Debt Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SwapsRiskMember" xlink:label="mfst_SwapsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SwapsRiskMember" xlink:to="mfst_SwapsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SwapsRiskMember_lbl" xml:lang="en-US">Swaps Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_TaxationRiskMember" xlink:label="mfst_TaxationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_TaxationRiskMember" xlink:to="mfst_TaxationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_TaxationRiskMember_lbl" xml:lang="en-US">Taxation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_WhollyownedSubsidiaryRiskMember" xlink:label="mfst_WhollyownedSubsidiaryRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_WhollyownedSubsidiaryRiskMember" xlink:to="mfst_WhollyownedSubsidiaryRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_WhollyownedSubsidiaryRiskMember_lbl" xml:lang="en-US">Wholly-Owned Subsidiary Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_S000071674Member" xlink:label="mfst_S000071674Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000071674Member" xlink:to="mfst_S000071674Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000071674Member_lbl" xml:lang="en-US">AlphaCentric Real Income Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000227117Member" xlink:label="mfst_C000227117Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000227117Member" xlink:to="mfst_C000227117Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000227117Member_lbl" xml:lang="en-US">AlphaCentric Real Income Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CallRiskMember" xlink:label="mfst_CallRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CallRiskMember" xlink:to="mfst_CallRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CallRiskMember_lbl" xml:lang="en-US">Call Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ChangingFixedIncomeMarketConditionsRiskMember" xlink:label="mfst_ChangingFixedIncomeMarketConditionsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ChangingFixedIncomeMarketConditionsRiskMember" xlink:to="mfst_ChangingFixedIncomeMarketConditionsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ChangingFixedIncomeMarketConditionsRiskMember_lbl" xml:lang="en-US">Changing Fixed Income Market Conditions Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_ConvertibleSecuritiesRiskMember" xlink:label="mfst_ConvertibleSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ConvertibleSecuritiesRiskMember" xlink:to="mfst_ConvertibleSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ConvertibleSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_CounterpartyRiskMember" xlink:label="mfst_CounterpartyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CounterpartyRiskMember" xlink:to="mfst_CounterpartyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CounterpartyRiskMember_lbl" xml:lang="en-US">Counterparty Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_DividendYieldRiskMember" xlink:label="mfst_DividendYieldRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_DividendYieldRiskMember" xlink:to="mfst_DividendYieldRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_DividendYieldRiskMember_lbl" xml:lang="en-US">Dividend Yield Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_DurationRiskMember" xlink:label="mfst_DurationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_DurationRiskMember" xlink:to="mfst_DurationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_DurationRiskMember_lbl" xml:lang="en-US">Duration Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_IssuerSpecificRiskMember" xlink:label="mfst_IssuerSpecificRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_IssuerSpecificRiskMember" xlink:to="mfst_IssuerSpecificRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_IssuerSpecificRiskMember_lbl" xml:lang="en-US">Issuer Specific Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_LegislativeRiskMember" xlink:label="mfst_LegislativeRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_LegislativeRiskMember" xlink:to="mfst_LegislativeRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfst_LegislativeRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000153406Member" xlink:label="mfst_C000153406Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000153406Member" xlink:to="mfst_C000153406Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000153406Member_lbl" xml:lang="en-US">AlphaCentric Income Opportunities Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000153407Member" xlink:label="mfst_C000153407Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000153407Member" xlink:to="mfst_C000153407Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000153407Member_lbl" xml:lang="en-US">AlphaCentric Income Opportunities Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000215729Member" xlink:label="mfst_C000215729Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000215729Member" xlink:to="mfst_C000215729Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000215729Member_lbl" xml:lang="en-US">AlphaCentric Life Sciences and Healthcare Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000215730Member" xlink:label="mfst_C000215730Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000215730Member" xlink:to="mfst_C000215730Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000215730Member_lbl" xml:lang="en-US">AlphaCentric Life Sciences and Healthcare Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000173004Member" xlink:label="mfst_C000173004Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000173004Member" xlink:to="mfst_C000173004Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000173004Member_lbl" xml:lang="en-US">AlphaCentric Premium Opportunity Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000173005Member" xlink:label="mfst_C000173005Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000173005Member" xlink:to="mfst_C000173005Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000173005Member_lbl" xml:lang="en-US">AlphaCentric Premium Opportunity Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000186117Member" xlink:label="mfst_C000186117Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000186117Member" xlink:to="mfst_C000186117Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000186117Member_lbl" xml:lang="en-US">AlphaCentric Robotics and Automation Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000186118Member" xlink:label="mfst_C000186118Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000186118Member" xlink:to="mfst_C000186118Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000186118Member_lbl" xml:lang="en-US">AlphaCentric Robotics and Automation Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000213452Member" xlink:label="mfst_C000213452Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000213452Member" xlink:to="mfst_C000213452Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000213452Member_lbl" xml:lang="en-US">AlphaCentric Symmetry Strategy Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000213450Member" xlink:label="mfst_C000213450Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000213450Member" xlink:to="mfst_C000213450Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000213450Member_lbl" xml:lang="en-US">AlphaCentric Symmetry Strategy Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000227118Member" xlink:label="mfst_C000227118Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000227118Member" xlink:to="mfst_C000227118Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000227118Member_lbl" xml:lang="en-US">AlphaCentric Real Income Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_C000227116Member" xlink:label="mfst_C000227116Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000227116Member" xlink:to="mfst_C000227116Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000227116Member_lbl" xml:lang="en-US">AlphaCentric Real Income Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_BloombergUSAggregateBondIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_BloombergUSAggregateBondIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_BloombergUSAggregateBondIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_BloombergUSAggregateBondIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_BloombergUSAggregateBondIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SAndP500TotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_SAndP500TotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SAndP500TotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_SAndP500TotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SAndP500TotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">S&amp;P 500 Total Return Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SAndPBiotechnologySelectIndustryTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_SAndPBiotechnologySelectIndustryTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SAndPBiotechnologySelectIndustryTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_SAndPBiotechnologySelectIndustryTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SAndPBiotechnologySelectIndustryTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">S&amp;P Biotechnology Select Industry Total Return Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SAndP500HealthCareSectorTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_SAndP500HealthCareSectorTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SAndP500HealthCareSectorTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_SAndP500HealthCareSectorTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SAndP500HealthCareSectorTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">S&amp;P 500 Health Care Sector Total Return Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SAndP500TRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_SAndP500TRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SAndP500TRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_SAndP500TRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SAndP500TRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">S&amp;P 500 TR Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MSCIACWorldIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_MSCIACWorldIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MSCIACWorldIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_MSCIACWorldIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MSCIACWorldIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">MSCI AC World Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_MSCIWorldBloombergUSAggregateBondBlendedIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_MSCIWorldBloombergUSAggregateBondBlendedIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MSCIWorldBloombergUSAggregateBondBlendedIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_MSCIWorldBloombergUSAggregateBondBlendedIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MSCIWorldBloombergUSAggregateBondBlendedIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">MSCI World/Bloomberg US Aggregate Bond Blended Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20260728.xsd#mfst_SAndPUSREITNetTRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:label="mfst_SAndPUSREITNetTRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_SAndPUSREITNetTRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember" xlink:to="mfst_SAndPUSREITNetTRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_SAndPUSREITNetTRIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_lbl" xml:lang="en-US">S&amp;P U.S. REIT Net TR Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_LegislativeRiskMember" xlink:to="mfst_LegislativeRiskMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_LegislativeRiskMember_2_lbl" xml:lang="en-US">Liquidity Risk [Member] [Default Label]</link:label>
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</link:linkbase>
