MH Elite Select Portfolio of Funds (MHESX)

Overview

The fund is designed to provide investors with a diversified investment portfolio by allocating its assets across 15 to 25 unaffiliated open-end mutual funds, which are referred to as underlying funds. A significant portion of the fund's strategy involves investing at least 80% of its total assets in these underlying funds. Additionally, to broaden its international exposure, the fund commits at least 50% of its total assets to those underlying funds that mainly invest in non-U.S. companies. The fund’s investment approach allows for flexibility in its strategies including possibilities of investing in long/short and/or exclusively short funds. Moreover, an underlying fund may engage in the use of derivatives such as options and futures contracts. These financial instruments can serve as substitutes for direct investments in equity securities, potentially providing the fund with ways to manage risk, leverage returns, or both.

Products and Services

• Investment in Unaffiliated Open-End Mutual Funds

This core strategy involves investing at least 80% of the fund's total assets into 15 to 25 unaffiliated open-end mutual funds. These mutual funds, known as underlying funds, serve as the primary vehicles for implementing the fund's investment strategies, offering diversification across various assets, sectors, and geographies.

• Global Investment Focus

Emphasizing the fund's commitment to international diversification, at least 50% of its total assets are invested in underlying funds that focus on non-U.S. companies. This strategic allocation aims to exploit global investment opportunities and mitigate geographical risks.

• Flexibility in Investment Strategies

The fund exhibits flexibility in its investment approach by considering investments in long/short and/or short only funds. This strategy allows the fund to potentially benefit from both rising and declining markets, providing investors with a unique avenue for generating returns.

• Use of Derivatives

An underlying fund may utilize derivatives, including options and futures contracts, as alternatives to direct investments in equity securities. This utilization of derivatives can offer the fund additional strategies for risk management or to achieve specific investment objectives.