ADDITIONAL INFORMATION
This contains important information about the MH Elite Small Cap Fund of Funds – MHELX (the “Fund”) for the period January 1, 2026 to June 30, 2026, as well as certain changes to the Fund.
You can find additional information about the Fund at www.mhelite.com. You can also request this information by contacting us at 1-800-318-7969.
expense Information
What were the Fund costs for the past six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
| MH Elite Small Cap Fund of Funds | $70 | 1.25% |
*Annualized
Fund statistics
| NET ASSETS: | $14,903,842 |
| PORTFOLIO HOLDINGS: | 13 |
| PORTFOLIO TURNOVER: | 9.22% |
| ADVISORY FEES PAID BY FUND: | $66,269 |
portfolio illustration
The following chart gives a visual breakdown of the Fund by Morningstar® categories of the underlying funds. Percentages are based on net asset value.
top ten holdings*
(% of Net Assets)
| 1. | Oberweis Micro Cap - Investor Class | 11.81% |
| 2. | Hood River Small Cap Growth - Class I | 9.94% |
| 3. | Invesco Small Cap Value - Class Y | 9.29% |
| 4. | Aegis Value - Class I | 9.11% |
| 5. | Vanguard Strategic Small Cap Equity - Investor Class | 7.74% |
| 6. | Congress Small Cap Growth - Class I | 7.64% |
| 7. | Fidelity Stock Selector Small Cap | 7.27% |
| 8. | FullerThaler Behavioral Small Cap Equity - Class I | 6.80% |
| 9. | James Small Cap | 6.32% |
| 10. | Vanguard Morningstar Small Cap Value Index - Admiral Class | 6.04% |
| Total % of Net Assets | 81.96% |
*Excludes Short-Term Investments.
ADDITIONAL INFORMATION
This contains important information about the MH Elite Fund of Funds - MHEFX (the “Fund”) for the period January 1, 2026 to June 30, 2026, as well as certain changes to the Fund.
You can find additional information about the Fund at www.mhelite.com. You can also request this information by contacting us at 1-800-318-7969.
expense Information
What were the Fund costs for the past six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
| MH Elite Fund of Funds | $65 | 1.25% |
*Annualized
Fund statistics
| NET ASSETS: | $30,883,829 |
| PORTFOLIO HOLDINGS: | 16 |
| PORTFOLIO TURNOVER: | 4.23% |
| ADVISORY FEES PAID BY FUND: | $144,615 |
portfolio illustration
The following chart gives a visual breakdown of the Fund by Morningstar® categories of the underlying funds. Percentages are based on net asset value.
top ten holdings*
(% of Net Assets)
| 1. | Shelton Nasdaq-100 Index - Investor Class | 12.05% |
| 2. | Vanguard Tax-Managed Capital Appreciation - Admiral Class | 8.34% |
| 3. | Putnam Large Cap Value - Class Y | 7.88% |
| 4. | Fidelity Mega Cap Stock | 7.80% |
| 5. | BNY Mellon Dynamic Value Fund - Class I | 7.65% |
| 6. | Putnam Core Equity Fund - Class R6 | 7.32% |
| 7. | Fidelity Large Cap Growth Index | 6.81% |
| 8. | Fidelity 500 Index | 6.60% |
| 9. | Federated Hermes MDT All Cap Core - Class R6 | 6.57% |
| 10. | Federated Hermes MDT Large Cap Value - Class IS | 6.36% |
| Total % of Net Assets | 77.38% |
*Excludes Short-Term Investments.
ADDITIONAL INFORMATION
This semi-annual shareholder report contains important information about the MH Elite Select Portfolio of Funds – MHESX (the “Fund”) for the period January 1, 2026 to June 30, 2026, as well as certain changes to the Fund.
You can find additional information about the Fund at www.mhelite.com. You can also request this information by contacting us at 1-800-318-7969.
expense Information
What were the Fund costs for the past six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
| MH Elite Select Portfolio of Funds | $66 | 1.25% |
*Annualized
Fund statistics
| NET ASSETS: | $9,804,784 |
| PORTFOLIO HOLDINGS: | 12 |
| PORTFOLIO TURNOVER: | 7.36% |
| ADVISORY FEES PAID BY FUND: | $46,862 |
portfolio illustration
The following chart gives a visual breakdown of the Fund by Morningstar® categories of the underlying funds. Percentages are based on net asset value.
top ten holdings*
(% of Net Assets)
| 1. | Thornburg Global Opportunities - Class I | 9.98% |
| 2. | Fidelity Select Industrial Portfolio | 9.23% |
| 3. | Hartford International Value - Class I | 8.34% |
| 4. | Eaton Vance Emerging & Frontier Countries Equity - Class I | 7.97% |
| 5. | State Street Hedged International Developed Equity Index - Class K | 7.90% |
| 6. | WCM Focused International Growth - Class I | 7.43% |
| 7. | Schwab Fundamental International Equity Index | 7.42% |
| 8. | Artisan Global Value - Class I | 7.13% |
| 9. | Third Avenue Value - Class I | 6.84% |
| 10. | Pzena Emerging Markets Value - Class I | 5.80% |
| Total % of Net Assets | 78.04% |
*Excludes Short-Term Investments.
ADDITIONAL INFORMATION
This contains important information about the MH Elite Income Fund of Funds – MHEIX (the “Fund”) for the period January 1, 2026 to June 30, 2026, as well as certain changes to the Fund.
You can find additional information about the Fund at www.mhelite.com. You can also request this information by contacting us at 1-800-318-7969.
expense Information
What were the Fund costs for the past six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
| MH Elite Income Fund of Funds | $63 | 1.25% |
*Annualized
Fund statistics
| NET ASSETS: | $15,274,479 |
| PORTFOLIO HOLDINGS: | 21 |
| PORTFOLIO TURNOVER: | 17.68% |
| ADVISORY FEES PAID BY FUND: | $72,514 |
portfolio illustration
The following chart gives a visual breakdown of the Fund by Morningstar® categories of the underlying funds. Percentages are based on net asset value.
top ten holdings*
(% of Net Assets)
| 1. | Dodge & Cox Global Bond - Class I | 5.57% |
| 2. | Eaton Vance Strategic Income - Class I | 5.42% |
| 3. | Fidelity Select Utilities Portfolio | 5.40% |
| 4. | Artisan High Income - Advisor Class | 5.30% |
| 5. | Dodge & Cox Income - Class I | 5.30% |
| 6. | BBH Income - Class I | 5.12% |
| 7. | PIMCO Income - Class I | 5.10% |
| 8. | Franklin Convertible Securities - Advisor Class | 4.96% |
| 9. | Fidelity Multi-Asset Income | 4.92% |
| 10. | Eaton Vance Emerging Markets Debt Opportunities - Class I | 4.89% |
| Total % of Net Assets | 51.98% |
*Excludes Short-Term Investments.