The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by comparing the Fund’s average annual returns with those of a broad-based market index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
During the 10-year period shown in the bar chart, the highest return for a quarter was 27.17% (quarter ending ) and the lowest return for a quarter was -27.81% (quarter ending ).
| Average Annual Total Returns | |||
Periods Ended December 31, 2025 | |||
| 1 Year | 5 Years | 10 Years | |
| Return before taxes | 11.45% | 5.88% | 8.64% |
| Return after taxes on distributions | 9.84% | 4.43% | 7.30% |
| Return after taxes on distributions and sale of fund shares | 8.78% | 4.68% | 6.99% |
| Morningstar US Small Cap Index (reflects no deductions for fees, expenses or taxes) | 12.20% | 7.29% | 9.74% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale at the end of the measurement period.
Summary Section
MH Elite Small Cap Fund of Funds
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by comparing the Fund’s average annual returns with those of a broad-based market index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
During the period shown in the bar chart, the highest return for a quarter was 21.27% (quarter ending ) and the lowest return for a quarter was -18.44% (quarter ending ).
| Average Annual Total Returns | |||
|
Periods Ended December 31, 2025 | |||
| 1 Year | 5 Years | 10 Years | |
| Return before taxes | 14.24% | 8.92% | 10.52% |
| Return after taxes on distributions | 12.43% | 7.38% | 9.25% |
| Return after taxes on distributions and sale of fund shares | 10.65% | 7.17% | 8.66% |
| Morningstar US Large-Mid Cap Index (reflects no deductions for fees, expenses or taxes) | 17.71% | 13.71% | 14.66% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale at the end of the measurement period.
Summary Section
MH Elite Fund of Funds
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by comparing the Fund’s average annual returns with those of a broad-based market index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
During the period shown in the bar chart, the highest return for a quarter was 19.66% (quarter ending ) and the lowest return for a quarter was -18.81% (quarter ending ).
| Average Annual Total Returns | |||
|
Periods Ended December 31, 2025 | |||
| 1 Year | 5 Years | 10 Years | |
| Return before taxes | 24.85% | 2.18% | 5.46% |
| Return after taxes on distributions | 23.87% | 1.42% | 4.61% |
| Return after taxes on distributions and sale of fund shares | 16.49% | 1.72% | 4.41% |
| MSCI ACWI ex USA Investable Market Index (reflects no deductions for fees, expenses or taxes) | 32.67% | 8.31% | 8.89% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale at the end of the measurement period.
Summary Section
MH Elite Select Portfolio of Funds
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by comparing the Fund’s average annual returns with those of a broad-based market index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
During the period shown in the bar chart, the highest return for a quarter was 8.28% (quarter ending ) and the lowest return for a quarter was -10.35% (quarter ending ).
| Average Annual Total Returns | |||
|
Periods Ended December 31, 2025 | |||
| 1 Year | 5 Years | 10 Years | |
| Return before taxes | 8.52% | 2.69% | 3.72% |
| Return after taxes on distributions | 7.24% | 1.70% | 2.88% |
| Return after taxes on distributions and sale of fund shares | 5.98% | 2.03% | 2.85% |
Bloomberg US Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) |
7.30% | -0.36% | 2.01% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale at the end of the measurement period.
Summary Section
MH Elite Income Fund of Funds