MH Elite Income Fund of Funds (MHEIX)

Overview

The fund is a diversified investment vehicle that focuses on allocating its assets across a variety of unaffiliated open-end mutual funds, with the primary goal of providing its investors with current income and/or total return. With a strategy that places at least 80% of its total assets into 15 to 25 distinct underlying funds, the fund positions itself to tap into a wide range of income-generating opportunities. This diversification strategy not only aims to optimize returns but also to mitigate risks associated with investing in a single or a few investment options.

Products and Services

• Unaffiliated Open-End Mutual Funds

  The fund invests a significant portion of its portfolio in 15 to 25 unaffiliated open-end mutual funds. These underlying funds are selected based on their potential to provide current income and/or total return, aligning with the fund’s investment objectives. This approach allows investors to gain exposure to a diversified blend of assets through a single investment.

• Conservative Asset Allocation Funds

  As part of its balanced investment approach, the fund may allocate assets into conservative asset allocation funds. These funds employ a strategic mix of bonds and common stocks, maintaining a stock allocation that is less than 40%. This conservative stance is designed to provide a stable income while minimizing the risk associated with stock market fluctuations.

• Equity Funds Focused on Dividend-Paying Stocks

  In order to enhance income generation, the fund may also invest in equity funds that primarily focus on dividend-paying common stocks. This strategy seeks to tap into the potential for regular income through dividends, in addition to the possibility of capital gains from stock price appreciation. It caters to investors who are seeking a blend of income and growth from their investments.