Fund Evaluator:
MH Elite Select Portfolio of Funds (MHESX)
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Best Performing in Global Aggressive Allocation Over the Last Year
| 24.7% | TOPS® Aggressive ETF 2 () |
| 23.5% | Fidelity Advisor Asset Manager 85% Z (FIQCX) |
| 23.4% | Fidelity Asset Manager 85% (FAMRX) |
| 20.6% | Invesco Select Risk: High Growth Inv Y (OYAIX) |
| 19.3% | Goldman Sachs Growth Allocation Inv (GGSTX) |
Fund Details
MH Elite Select Portfolio of Funds Overview
MH Elite Select Portfolio of Funds (MHESX) is an actively managed Allocation Global Aggressive Allocation fund. MH Elite launched the fund in 2006.
The investment seeks long term capital appreciation. The fund invests at least 80% of its total assets in 15 to 25 unaffiliated open-end mutual funds (underlying funds). It will invest at least 50% of its total assets in underlying funds that invest in non-U.S. companies. The fund may invest in long/short and/or short only funds. An underlying fund may also use derivatives such as options and futures contracts as a substitute for investing directly in equity securities.
About MH Elite Select Portfolio of Funds (MHESX)
There are 1 members of the management team with an average tenure of 20.33 years: Harvey Merson (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA IMI NR USD index with a weighting of 100%. MH Elite Select Portfolio of Funds has 12 securities in its portfolio. The top 10 holdings constitute 78.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
MH Elite Select Portfolio of Funds is part of the Allocation global asset class and is within the Allocation fund group. MH Elite Select Portfolio of Funds has 55.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 19.7%. There is 55.7% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.1% (0.0% domestic bond, 0.1% foreign bond and 0.0% convertible bond). MH Elite Select Portfolio of Funds has 24.0% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $328 million average for the Global Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MHESX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MH Elite Select Portfolio of Funds expense ratio is high compared to funds in the Global Aggressive Allocation category. MH Elite Select Portfolio of Funds has an expense ratio of 2.03%, which is 98% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MH Elite Select Portfolio of Funds has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 30% for the Global Aggressive Allocation category.
Recently, in the month of July 2026, MH Elite Select Portfolio of Funds returned 1.3%, which earned it a grade of A, as the Global Aggressive Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
MH Elite Select Portfolio of Funds has a trailing yield of 0.86%, which is below the 1.37% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
MH Elite Select Portfolio of Funds Grades
Year to date, the fund has returned 13.8%, 3.3 percentage points better than the category, which translates into a grade of A. The fund has returned 25.7% over the past year (grade of A), 13.0% over the past three years (grade of F) and 3.5% per year over the past five years (grade of F) and 6.4% per year over the past 10 years (grade of F).
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MHESX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MHESX Return (NAV) | 1.3% | 3.7% | 25.7% | 13.0% | 3.5% | 6.4% |
| MHESX Grade | A | B | A | F | F | F |
| +/- Category | 2.2% | 0.6% | 6.1% | -2.6% | -4.7% | -4.4% |
| Global Aggressive Allocation Avg | -0.9% | 3.2% | 19.6% | 15.7% | 8.2% | 10.8% |
| MHESX Tax Cost Ratio | na | na | 0.8% | 0.8% | 0.8% | 0.8% |
MHESX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MHESX Return (NAV) | 13.8% | 24.9% | 0.8% | 12.5% | -26.3% | 6.7% | 20.2% | 20.2% | -15.6% | 21.7% | 2.8% |
| MHESX Grade | A | A | F | F | F | F | B | F | F | C | F |
| +/- Category | 3.3% | 6.5% | -13.9% | -6.1% | -7.5% | -10.1% | 2.2% | -5.3% | -5.3% | -1.6% | -4.4% |
| Global Aggressive Allocation Avg | 10.5% | 18.4% | 14.7% | 18.6% | -18.8% | 16.8% | 18.0% | 25.5% | -10.3% | 23.3% | 7.2% |
| Risk Measures | |
| Standard Deviation: | 12.0% |
| Total Risk Index: | 0.98 - Average |
| Category Risk Index: | 0.95 - Below Average |
| Category Risk Grade: | B (31% Rank) |
| Beta: | 1.18 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $10 Mil |
| Fund Total Assets: | $ 11 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 23% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 20.3 years | |||
| Average Tenure: 20.3 years | |||
| Managers (Year): Merson Harvey (2006) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 12 |
| % in Top 10 Holdings: | 78.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 55.9% |
Portfolio Allocation |
|
| Domestic Stock: | 19.7% |
| Foreign Stock: | 55.7% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 24.0% |
Purchase Information
| Fund Family: | MH Elite |
| Phone Number: | 800-318-7969 |
| Website: | www.mhelite.com |
| Status: | Open |
| Inception Date: | April 6, 2006 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 2.03% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.02% |
| Share Class: | MH Elite Select Portfolio of Funds |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
