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Morningstar

MH Elite Fund of Funds MHEFX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.19  /  0.96 %
  • Total Assets 18.5 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.810%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Allocation—85%+ Equity
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 0.00
  • Turnover 13%

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 12:40 AM GMT+00:00

Morningstar’s Analysis MHEFX

Will MHEFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MHEFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MHEFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MHEFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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An average Process Pillar and a subpar Parent Pillar help limit MH Elite Fund of Funds to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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