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Morningstar

MH Elite Small Cap Fund of Funds MHELX

Morningstar Analyst Rating
Quantitative rating as of | See MH Elite Investment Hub
  • NAV / 1-Day Return 7.51  /  1.18 %
  • Total Assets 9.4 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 2.030%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Allocation—85%+ Equity
  • Investment Style Small Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 0.00
  • Turnover 17%

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 1:06 AM GMT+00:00

Morningstar’s Analysis MHELX

Will MHELX 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 MHELX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MHELX 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 MHELX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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MH Elite Small Cap Fund of Funds earns a Morningstar Quantitative Rating of Negative on the basis of subpar ratings in both the Process and Parent Pillars. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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