As is often the case in the world of fashion, styles come and go. The stock market is no exception when it comes to styles. Today’s hottest trends can be tomorrow’s closeouts. Investing styles (growth vs. value, large vs. small cap stocks and domestic vs. foreign) can perform like a seesaw routinely falling in and out of favor with investors. For example, value stocks often outperform growth stocks for several years and then growth outperforms value for several years. Forecasting market movements is a challenge even for the so-called experts who never seem to be in agreement when it comes to predicting or anticipating the market’s next correction or continued rise. It is not our intention to swing for the fences but rather employ a disciplined approach to investing, analogous to a contact hitter in baseball who can hit for average and still possess the ability, on occasion, to hit the long ball.

Diversifying your investment(s) among the different asset classes and investing styles is essential to a well designed investment plan. Remember, over the long term, a broadly diversified multi-asset portfolio, including both stock and bond funds, is more likely to have a greater impact on your overall return then trying to pick the hottest or number one performing fund.

MH Investment Management Inc., as advisor to the Funds, reviews and evaluates funds based on their investment style, policies and past performance. Other criteria considered in making a determination include the portfolio manager tenure, fees and expenses, portfolio composition and quality of shareholder services. The sector weightings of an underlying fund are reviewed, as well, for overlap in holdings and to insure the Funds maintain an overall balanced portfolio. The Funds will invest in unaffiliated funds that can be purchased at their net asset value without sales charges, upfront or deferred. Disappointing performance, a change in portfolio manager or significant style drift may lead to a fund being removed from the portfolio.