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Morningstar

MH Elite Income Fund of Funds MHEIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 4.91  /  0.41 %
  • Total Assets 12.5 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.800%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Global Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Status Open
  • TTM Yield 1.49%
  • Turnover 10%

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 1:38 AM GMT+00:00

Morningstar’s Analysis MHEIX

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

People Pillar

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

Summary

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An average Process Pillar and a subpar Parent Pillar help limit MH Elite Income Fund of Funds to a Morningstar Quantitative Rating of Neutral. 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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