MH Elite

About MH Elite Why Invest with MH Elite Funds Fund Overviews MH Elite Small Cap Fund of Funds MH Elite Fund of Funds MH Elite Select Portfolio of Funds MH Elite Income Fund of Funds

Applications and Forms Privacy Notice

2011 Prospectus 2011 XBRL Data 2011 Semi-Annual Report 2010 Annual Report

MH Elite Select Portfolio of Funds

Investment Goal

MH Elite Select Portfolio of Funds seeks to achieve its investment objective of long term capital appreciation by investing in 10 to 30 underlying funds that represent a diversified mix of asset classes that may have a low correlation to the U.S. stock market including funds that invest in foreign developed markets, emerging markets, natural resources, precious metals and real estate.

Portfolio Manager

Harvey Merson

A Registered Investment Adviser, Harvey Merson has over 27 years of experience in analyzing and researching mutual funds.

Portfolio Holdings
As of December 31, 2011

Fund Name	% of Fund Assets
TFS Market Neutral	6.0%
Oppenheimer Developing Markets Y	5.6%
Permanent Portfolio	5.4%
Virtus Emerging Market Opportunities	4.9%
T Rowe Price Health Sciences	4.8%
Prudential Global Real Estate Z	4.6%
Wasatch Emerging Markets Small Cap	4.6%
Lazard Emerging Markets Equity I	4.0%
T Rowe Price Latin America	4.0%
Allianz NFJ International Value I	3.6%
Harbor International I	3.4%
Blackrock International Opportunities I	3.2%
Oakmark International I	3.2%
Fidelity Canada	3.1%
First Eagle Global I	3.1%
Royce Global Value Inv	3.1%
T Rowe Price International Discovery	3.1%
Manning & Napier World Opportunities A	3.0%
Janus Overseas T	2.7%
Franklin Gold and precious Metals Adv	2.6%
Vanguard Energy Inv	2.5%
Nuveen Global Infrastructure	2.2%
Nuveen Tradewinds Global Resource I	2.0%
Short-Term Securities and Other Assets	14.9%

Fund Data
Ticker Symbol	N/A
CUSIP	55302C300
Minimum Investment	$ 10,000
Subsequent Investment	$ 1,000
Sales Charge	None
Redemption Fee	None
Expense Ratio	2.00%

Net Asset Value
As of February 6, 2012
Share Price	$ 4.91
Change	- $ 0.01

Distributions
Issued on December 31, 2008
Dividend	$ 0.003762

Issued on December 28, 2007
Dividend	$ 0.021251

Fund Performance
As of December 31, 2011
Year to Date	-12.9%
Average Annual Returns
1 Year	-12.9%
3 Years	8.6%
5 Years	-1.3%
19 Years	N/A
Since Inception (4/1/2006)	-1.7%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please click on the individual fund name on the menu titled MH Elite Funds or call 1-800-318-7969. Holdings are subject to change. All returns for periods greater than one year are annualized. All year-to-date returns are cumulative.

The funds offered by MH Elite Portfolio of Funds are available to U.S. investors only and may not be available in all states. To determine if these Funds are an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund's prospectus which may be obtained by calling 1-800-318-7969. Please read the prospectus carefully before investing. Mutual fund investing involves risk, including the possible loss of principal.