About MHEIX
MH Elite Income Fund of Funds is a mutual fund designed to generate income, with long-term capital appreciation as a secondary goal. This fund primarily invests in a diversified mix of 15 to 25 unaffiliated open-end mutual funds, with at least 80% of its assets allocated toward bond and income-producing funds. It emphasizes risk management and aims to mitigate market volatility by spreading investments across multiple asset classes, including U.S. Treasury securities, corporate bonds, mortgage-backed securities, convertible bonds, high yield, and emerging market debt. Additionally, the fund may invest in equity funds that focus on dividend-paying stocks to supplement income. As a component of the global conservative allocation category, it is structured for investors seeking both income and capital preservation, with a typical exposure to stocks of less than 40%. The portfolio is actively managed, and underlying fund selection is based on factors like investment style, past performance, manager tenure, and portfolio composition. This approach supports a broadly diversified, balanced portfolio, making the fund significant for those prioritizing income and capital stability in their investment portfolios.
Fund Family MH Elite
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MHEIX
MHEIX had a total return of 5.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.84%.
