Mh Elite Portfolio Of Funds Inc - MH Elite Incm Fd of Fds USD
Name
As of 10/31/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$5.24
$13.3 M
3.35%
$0.18
1.75%
Vitals
YTD Return
5.9%
1 yr return
11.3%
3 Yr Avg Return
0.8%
5 Yr Avg Return
2.3%
Net Assets
$13.3 M
Holdings in Top 10
57.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.96%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/31/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$5.24
$13.3 M
3.35%
$0.18
1.75%
MHEIX - Profile
Distributions
- YTD Total Return 5.9%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.46%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMh Elite Portfolio Of Funds Inc - MH Elite Incm Fd of Fds USD
-
Fund Family NameMH Elite
-
Inception DateOct 21, 2013
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHarvey Merson
Fund Description
MH Elite Income Fund of Funds seeks to achieve its investment objective by investing at least 80% of its total assets in 15 to 25 unaffiliated open-end mutual funds (underlying funds) with an investment objective that seeks to provide current income and/or total return. The Fund will attempt to manage risk and market volatility by investing in a wide range of income funds including funds that invest in U.S. treasury securities that are backed by the full faith and credit of the U.S. Government, corporate bonds, bank debt, mortgage backed securities, inflation indexed securities, debt securities of foreign government and corporate issuers, convertible bonds, high yield/junk bonds and emerging market debt. The credit quality of the bonds purchased by the underlying funds will range from unrated junk bonds to investment grade. The underlying funds will also invest in bonds of various maturities. The Fund may also invest in conservative asset allocation funds, which in turn employ a strategy of investing in a combination of bonds and common stocks, whereby the stock allocation is less than 40%, and equity funds that invest in dividend paying common stocks to generate income. An underlying fund may use derivatives such as options and futures contracts as a substitute for investing directly in debt securities.
Underlying funds will be purchased at their net asset value without sales charges, upfront or deferred, and have a maximum limit on 12b-1 fees of .25%. Whenever possible, the Fund will invest in institutional or adviser share classes to help reduce the costs associated with investing in the underlying funds.
The Fund may sell an underlying fund if the Adviser believes it no longer contributes to the attainment of the Fund’s investment objective. Factors that could contribute to an underlying fund being sold include disappointing performance, portfolio overlap or concentration that impacts the Fund’s diversification or a change in the underlying fund’s portfolio manager.
MHEIX - Performance
Return Ranking - Trailing
Period | MHEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -23.7% | 16.4% | 94.72% |
1 Yr | 11.3% | -8.9% | 48.3% | 81.55% |
3 Yr | 0.8%* | -2.2% | 16.4% | 93.54% |
5 Yr | 2.3%* | -0.7% | 13.4% | 93.69% |
10 Yr | 2.5%* | 0.9% | 11.8% | 92.20% |
* Annualized
Return Ranking - Calendar
Period | MHEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -40.8% | 20.6% | 39.84% |
2022 | -12.4% | -21.0% | 24.5% | 93.33% |
2021 | 0.9% | -24.2% | 27.8% | 92.99% |
2020 | 2.8% | -23.1% | 11.7% | 1.74% |
2019 | 8.5% | -100.0% | 20.6% | 95.37% |
Total Return Ranking - Trailing
Period | MHEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -23.7% | 16.4% | 94.72% |
1 Yr | 11.3% | -12.8% | 48.3% | 74.58% |
3 Yr | 0.8%* | -3.4% | 16.4% | 93.45% |
5 Yr | 2.3%* | -1.1% | 13.4% | 93.59% |
10 Yr | 2.5%* | 0.9% | 11.8% | 91.99% |
* Annualized
Total Return Ranking - Calendar
Period | MHEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.3% | -40.8% | 20.6% | 9.30% |
2022 | -9.8% | -21.0% | 24.5% | 87.86% |
2021 | 2.4% | -24.2% | 27.8% | 87.62% |
2020 | 5.3% | -23.1% | 11.7% | 2.48% |
2019 | 11.1% | -2.9% | 23.1% | 94.28% |
NAV & Total Return History
MHEIX - Holdings
Concentration Analysis
MHEIX | Category Low | Category High | MHEIX % Rank | |
---|---|---|---|---|
Net Assets | 13.3 M | 1.12 M | 110 B | 96.98% |
Number of Holdings | 22 | 2 | 10961 | 83.30% |
Net Assets in Top 10 | 7.67 M | -31.7 M | 22 B | 91.44% |
Weighting of Top 10 | 57.26% | 10.8% | 100.0% | 33.04% |
Top 10 Holdings
- Fidelity Advisor Floating Rate High Income 6.78%
- USAA Intermediate-Term Bond 6.18%
- Carillon Reams Core Plus Bond 5.95%
- Dodge Cox Income Class I 5.93%
- Dodge and Cox Global Bond 5.74%
- BrandywineGLOBAL High Yield Class I 5.67%
- Fidelity Advisor Multi-Asset Income 5.65%
- Vanguard Tax-Managed Balanced Adm Class 5.32%
- River Canyon Total Return Bond 5.11%
- Vanguard Emerging Markets Bond Adm Class 4.94%
Asset Allocation
Weighting | Return Low | Return High | MHEIX % Rank | |
---|---|---|---|---|
Stocks | 97.57% | -45.72% | 98.42% | 97.08% |
Convertible Bonds | 4.15% | 0.00% | 25.49% | 7.52% |
Cash | 2.43% | -97.12% | 185.58% | 8.35% |
Preferred Stocks | 0.00% | -0.03% | 14.00% | 13.78% |
Other | 0.00% | -1.25% | 197.12% | 46.97% |
Bonds | 0.00% | -39.76% | 93.84% | 3.34% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MHEIX % Rank | |
---|---|---|---|---|
Utilities | 39.73% | 0.00% | 40.29% | 0.21% |
Financial Services | 9.43% | 0.00% | 30.34% | 75.80% |
Healthcare | 9.33% | 0.00% | 30.30% | 69.21% |
Consumer Defense | 8.04% | 0.00% | 31.85% | 23.78% |
Real Estate | 7.21% | 0.00% | 90.14% | 39.07% |
Technology | 6.07% | 0.00% | 39.48% | 79.83% |
Energy | 5.91% | 0.00% | 38.61% | 48.20% |
Industrials | 5.50% | 0.09% | 32.39% | 91.30% |
Consumer Cyclical | 3.74% | 0.00% | 20.84% | 77.71% |
Communication Services | 2.78% | 0.00% | 28.59% | 80.68% |
Basic Materials | 2.28% | 0.00% | 60.23% | 92.14% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MHEIX % Rank | |
---|---|---|---|---|
US | 97.57% | -4.82% | 95.75% | 93.95% |
Non US | 0.00% | -46.69% | 57.06% | 98.96% |
MHEIX - Expenses
Operational Fees
MHEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.75% | 0.16% | 2.71% | 16.28% |
Management Fee | 1.00% | 0.00% | 1.70% | 95.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.25% | 0.01% | 0.70% | 87.37% |
Sales Fees
MHEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
MHEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MHEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 9.96% | 0.00% | 441.00% | 6.22% |
MHEIX - Distributions
Dividend Yield Analysis
MHEIX | Category Low | Category High | MHEIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.35% | 0.00% | 10.92% | 30.15% |
Dividend Distribution Analysis
MHEIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
MHEIX | Category Low | Category High | MHEIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.46% | -5.20% | 6.33% | 50.76% |
Capital Gain Distribution Analysis
MHEIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 09, 2024 | $0.175 | OrdinaryDividend |
Jan 10, 2023 | $0.122 | OrdinaryDividend |
Jan 11, 2022 | $0.074 | OrdinaryDividend |
Jan 11, 2022 | $0.031 | CapitalGainShortTerm |
Jan 11, 2022 | $0.049 | CapitalGainLongTerm |
Jan 08, 2021 | $0.083 | OrdinaryDividend |
Jan 09, 2020 | $0.127 | OrdinaryDividend |
Jan 09, 2019 | $0.119 | OrdinaryDividend |
Jan 09, 2018 | $0.104 | OrdinaryDividend |
Jan 11, 2017 | $0.088 | OrdinaryDividend |
Jan 08, 2016 | $0.125 | OrdinaryDividend |
Jan 09, 2015 | $0.140 | OrdinaryDividend |
Jan 08, 2014 | $0.130 | OrdinaryDividend |
Jan 08, 2013 | $0.054 | CapitalGainShortTerm |
Jan 08, 2013 | $0.012 | CapitalGainLongTerm |
Jan 08, 2013 | $0.104 | OrdinaryDividend |
Jan 06, 2012 | $0.030 | OrdinaryDividend |
Jan 06, 2012 | $0.013 | CapitalGainLongTerm |
MHEIX - Fund Manager Analysis
Managers
Harvey Merson
Start Date
Tenure
Tenure Rank
Aug 15, 2011
10.8
10.8%
Mr. Harvey Merson is the co-owner and Officer of MH Investment Management, Inc. Mr. Merson is a graduate of Rider College with a Bachelor of Science degree in Business Administration. He is also registered with the U. S. Securities and Exchange Commission as a Registered Investment Adviser. Mr. Merson has been assisting individuals with the purchasing, monitoring, and sale of mutual funds for the last 33 years. Refer to the Statement of Additional Information (SAI) for additional information about the Portfolio Manager’s compensation, other accounts managed by the Portfolio Manager and the Portfolio Manager’s ownership of securities in the Fund(s). Mr. Merson also serves as the Chief Compliance Officer, President and Secretary of MH Elite Portfolio of Funds Trust.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.03 | 30.27 | 6.52 | 9.25 |