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    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000045922Member_lbl" xml:lang="en-US">Catalyst Systematic Alpha Fund</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ActivelyManagedFundRiskMember" xlink:to="mfst_ActivelyManagedFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ActivelyManagedFundRiskMember_lbl" xml:lang="en-US">Actively Managed Fund Risk [Member]</link:label>
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      <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>
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      <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-20261101.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-20261101.xsd#mfst_CreditRisksMember" xlink:label="mfst_CreditRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CreditRisksMember" xlink:to="mfst_CreditRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CreditRisksMember_lbl" xml:lang="en-US">Credit Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_CurrencyRiskMember" xlink:label="mfst_CurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CurrencyRiskMember" xlink:to="mfst_CurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.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-20261101.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-20261101.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-20261101.xsd#mfst_ForwardContractRiskMember" xlink:label="mfst_ForwardContractRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ForwardContractRiskMember" xlink:to="mfst_ForwardContractRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ForwardContractRiskMember_lbl" xml:lang="en-US">Forward Contract Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_FuturesRiskMember" xlink:label="mfst_FuturesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_FuturesRiskMember" xlink:to="mfst_FuturesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_FuturesRiskMember_lbl" xml:lang="en-US">Futures Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_GeographicConcentrationsRiskMember" xlink:label="mfst_GeographicConcentrationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_GeographicConcentrationsRiskMember" xlink:to="mfst_GeographicConcentrationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_GeographicConcentrationsRiskMember_lbl" xml:lang="en-US">Geographic Concentrations Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_InterestRateRisksMember" xlink:label="mfst_InterestRateRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_InterestRateRisksMember" xlink:to="mfst_InterestRateRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_InterestRateRisksMember_lbl" xml:lang="en-US">Interest Rate Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.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-20261101.xsd#mfst_LiquidityRiskMember" xlink:label="mfst_LiquidityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_LiquidityRiskMember" xlink:to="mfst_LiquidityRiskMember_lbl" xlink:type="arc" />
      <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-20261101.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>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.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-20261101.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 R E I T Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.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-20261101.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-20261101.xsd#mfst_TaxRiskMember" xlink:label="mfst_TaxRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_TaxRiskMember" xlink:to="mfst_TaxRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_TaxRiskMember_lbl" xml:lang="en-US">Tax Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_UnderlyingFundRiskMember" xlink:label="mfst_UnderlyingFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_UnderlyingFundRiskMember" xlink:to="mfst_UnderlyingFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_UnderlyingFundRiskMember_lbl" xml:lang="en-US">Underlying Fund Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.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-20261101.xsd#mfst_S000041894Member" xlink:label="mfst_S000041894Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000041894Member" xlink:to="mfst_S000041894Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000041894Member_lbl" xml:lang="en-US">Catalyst Systematic High Income Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000130114Member" xlink:label="mfst_C000130114Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000130114Member" xlink:to="mfst_C000130114Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000130114Member_lbl" xml:lang="en-US">Catalyst Systematic High Income Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000130115Member" xlink:label="mfst_C000130115Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000130115Member" xlink:to="mfst_C000130115Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000130115Member_lbl" xml:lang="en-US">Catalyst Systematic High Income Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000130116Member" xlink:label="mfst_C000130116Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000130116Member" xlink:to="mfst_C000130116Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000130116Member_lbl" xml:lang="en-US">Catalyst Systematic High Income Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_CallOptionsRiskMember" xlink:label="mfst_CallOptionsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CallOptionsRiskMember" xlink:to="mfst_CallOptionsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CallOptionsRiskMember_lbl" xml:lang="en-US">Call Options Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.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-20261101.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-20261101.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-20261101.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-20261101.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-20261101.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-20261101.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-20261101.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-20261101.xsd#mfst_S000058618Member" xlink:label="mfst_S000058618Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000058618Member" xlink:to="mfst_S000058618Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000058618Member_lbl" xml:lang="en-US">Catalyst Buffered Shield Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000192548Member" xlink:label="mfst_C000192548Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000192548Member" xlink:to="mfst_C000192548Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000192548Member_lbl" xml:lang="en-US">Catalyst Buffered Shield Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000192549Member" xlink:label="mfst_C000192549Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000192549Member" xlink:to="mfst_C000192549Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000192549Member_lbl" xml:lang="en-US">Catalyst Buffered Shield Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000192550Member" xlink:label="mfst_C000192550Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000192550Member" xlink:to="mfst_C000192550Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000192550Member_lbl" xml:lang="en-US">Catalyst Buffered Shield Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_EquityOptionsStrategyRiskMember" xlink:label="mfst_EquityOptionsStrategyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_EquityOptionsStrategyRiskMember" xlink:to="mfst_EquityOptionsStrategyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_EquityOptionsStrategyRiskMember_lbl" xml:lang="en-US">Equity Options Strategy Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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 E T Fs Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_ManagedVolatilityRiskMember" xlink:label="mfst_ManagedVolatilityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ManagedVolatilityRiskMember" xlink:to="mfst_ManagedVolatilityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ManagedVolatilityRiskMember_lbl" xml:lang="en-US">Managed Volatility Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_ShortPositionRiskMember" xlink:label="mfst_ShortPositionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ShortPositionRiskMember" xlink:to="mfst_ShortPositionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ShortPositionRiskMember_lbl" xml:lang="en-US">Short Position Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.xsd#mfst_S000052043Member" xlink:label="mfst_S000052043Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000052043Member" xlink:to="mfst_S000052043Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000052043Member_lbl" xml:lang="en-US">Catalyst/Millburn Hedge Strategy Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_AgriculturalSectorRiskMember" xlink:label="mfst_AgriculturalSectorRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_AgriculturalSectorRiskMember" xlink:to="mfst_AgriculturalSectorRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_AgriculturalSectorRiskMember_lbl" xml:lang="en-US">Agricultural Sector Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_AllocationRiskMember" xlink:label="mfst_AllocationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_AllocationRiskMember" xlink:to="mfst_AllocationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_AllocationRiskMember_lbl" xml:lang="en-US">Allocation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_EmergingMarketRiskMember" xlink:label="mfst_EmergingMarketRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_EmergingMarketRiskMember" xlink:to="mfst_EmergingMarketRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_EmergingMarketRiskMember_lbl" xml:lang="en-US">Emerging Market Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_EnergySectorRiskMember" xlink:label="mfst_EnergySectorRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_EnergySectorRiskMember" xlink:to="mfst_EnergySectorRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_EnergySectorRiskMember_lbl" xml:lang="en-US">Energy Sector Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.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-20261101.xsd#mfst_ForwardsRiskMember" xlink:label="mfst_ForwardsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ForwardsRiskMember" xlink:to="mfst_ForwardsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ForwardsRiskMember_lbl" xml:lang="en-US">Forwards Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_FuturesAndForwardContractRiskMember" xlink:label="mfst_FuturesAndForwardContractRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_FuturesAndForwardContractRiskMember" xlink:to="mfst_FuturesAndForwardContractRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_FuturesAndForwardContractRiskMember_lbl" xml:lang="en-US">Futures And Forward Contract Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_MetalsSectorRiskMember" xlink:label="mfst_MetalsSectorRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MetalsSectorRiskMember" xlink:to="mfst_MetalsSectorRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MetalsSectorRiskMember_lbl" xml:lang="en-US">Metals Sector Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_S000036625Member" xlink:label="mfst_S000036625Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000036625Member" xlink:to="mfst_S000036625Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000036625Member_lbl" xml:lang="en-US">Catalyst Nasdaq-100 Hedged Income Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000111983Member" xlink:label="mfst_C000111983Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000111983Member" xlink:to="mfst_C000111983Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000111983Member_lbl" xml:lang="en-US">Catalyst Nasdaq-100 Hedged Income Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000111984Member" xlink:label="mfst_C000111984Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000111984Member" xlink:to="mfst_C000111984Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000111984Member_lbl" xml:lang="en-US">Catalyst Nasdaq-100 Hedged Income Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000142554Member" xlink:label="mfst_C000142554Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000142554Member" xlink:to="mfst_C000142554Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000142554Member_lbl" xml:lang="en-US">Catalyst Nasdaq-100 Hedged Income Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_ExchangeTradedNotesETNsRiskMember" xlink:label="mfst_ExchangeTradedNotesETNsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_ExchangeTradedNotesETNsRiskMember" xlink:to="mfst_ExchangeTradedNotesETNsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_ExchangeTradedNotesETNsRiskMember_lbl" xml:lang="en-US">Exchange Traded Notes E T Ns Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.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-20261101.xsd#mfst_S000083234Member" xlink:label="mfst_S000083234Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_S000083234Member" xlink:to="mfst_S000083234Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_S000083234Member_lbl" xml:lang="en-US">Catalyst/Aspect Enhanced Multi-Asset Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000246757Member" xlink:label="mfst_C000246757Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000246757Member" xlink:to="mfst_C000246757Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000246757Member_lbl" xml:lang="en-US">Catalyst/Aspect Enhanced Multi-Asset Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000246758Member" xlink:label="mfst_C000246758Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000246758Member" xlink:to="mfst_C000246758Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000246758Member_lbl" xml:lang="en-US">Catalyst/Aspect Enhanced Multi-Asset Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000246756Member" xlink:label="mfst_C000246756Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000246756Member" xlink:to="mfst_C000246756Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000246756Member_lbl" xml:lang="en-US">Catalyst/Aspect Enhanced Multi-Asset Fund Class I</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_CashAndCashEquivalentRiskMember" xlink:label="mfst_CashAndCashEquivalentRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_CashAndCashEquivalentRiskMember" xlink:to="mfst_CashAndCashEquivalentRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_CashAndCashEquivalentRiskMember_lbl" xml:lang="en-US">Cash And Cash Equivalent Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_MediumMidCapitalizationStockRiskMember" xlink:label="mfst_MediumMidCapitalizationStockRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_MediumMidCapitalizationStockRiskMember" xlink:to="mfst_MediumMidCapitalizationStockRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_MediumMidCapitalizationStockRiskMember_lbl" xml:lang="en-US">Medium Mid Capitalization Stock Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_NondiversificationRiskMember" xlink:label="mfst_NondiversificationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_NondiversificationRiskMember" xlink:to="mfst_NondiversificationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_NondiversificationRiskMember_lbl" xml:lang="en-US">Nondiversification Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000143112Member" xlink:label="mfst_C000143112Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000143112Member" xlink:to="mfst_C000143112Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000143112Member_lbl" xml:lang="en-US">Catalyst Systematic Alpha Fund Class A</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000143113Member" xlink:label="mfst_C000143113Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000143113Member" xlink:to="mfst_C000143113Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfst_C000143113Member_lbl" xml:lang="en-US">Catalyst Systematic Alpha Fund Class C</link:label>
      <link:loc xlink:type="locator" xlink:href="mfst-20261101.xsd#mfst_C000143114Member" xlink:label="mfst_C000143114Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfst_C000143114Member" xlink:to="mfst_C000143114Member_lbl" xlink:type="arc" />
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