MH
 

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 non-diversified and diversified mutual funds and exchange traded funds which in turn may employ hedging strategies that do not involve investing in equity securities.

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 May 31, 2010

Fund Name % of Fund Assets
TFS Market Neutral 7.5%
Permanent Portfolio 5.5%
T Rowe Price Latin America 5.4%
Metzler/Payden European Emerging Markets 4.9%
Oppenheimer Developing Markets Y 4.4%
Janus Overseas 4.3%
Lazard Emerging Markets Equity I 4.3%
Allianz NFJ International Value I 4.1%
CGM Realty 3.9%
USAA Precious Metals and Minerals 3.7%
Blackrock International Opportunities I 3.6%
Harbor International I 3.6%
Ivy Asset Strategy Y 3.6%
BLDRS Emerging Markets 50 ADR index 3.5%
Blackrock Global Allcoation I 3.4%
T Rowe Price International Discovery 3.4%
Blackrock Health Sciences A 3.2%
Manning & Napier World Opportunities A 3.2%
Templeton Global Bond Advisor 2.8%
T Rowe Price Health Sciences 2.8%
PIMCO Global Multi Asset I 2.7%
Templeton Institutional Foreign Smaller Co Ser A 2.7%
MFS Utilities A 2.6%
Vanguard Energy 2.6%
T Rowe Price Media & Telecommunications 2.4%
Short-Term Securities and Other Assets 6.1%
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 July 30, 2010
Share Price $ 4.59
Change                              + $ 0.01

Distributions
Issued on December 31, 2008
Dividend $ 0.003762

Issued on December 28, 2007
Dividend $ 0.021251

Fund Performance
As of June 30, 2010
Year to Date - 6.3%
Average Annual Returns  
1 Year 12.0%
3 Years - 5.8%
5 Years N/A
19 Years N/A
Since Inception (4/1/2006) - 3.4%

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.
MH Elite
©2006 MH Elite Portfolio of Funds, Inc.

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 clicking here or by calling 1-800-318-7969. Please read the prospectus carefully before investing. Mutual fund investing involves risk, including the possible loss of principal.

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