MH Elite Select Portfolio of Funds (MH Elite Select Portfolio of Fu) fond

The fund invests at least 80% of its total assets in 15 to 25 unaffiliated open-end mutual funds (underlying funds). It will invest at least 50% of its total assets in underlying funds that invest in non-U.S. companies. The fund may invest in long/short and/or short only funds. An underlying fund may also use derivatives such as options and futures contracts as a substitute for investing directly in equity securities.