MH Elite Portfolio of Funds Trust
MH Elite Income Fund of Funds
Schedule of Investments
March 31, 2024 (Unaudited)
| | | |
Mutual Funds (97.0%) | Shares | Value |
| | | |
| Fidelity Floating Rate High Income | 97,498 | $ 908,679 |
| Victory Core Plus Intermediate Bond | 90,580 | 827,902 |
| Carillion Reams Core Plus Bond Class I | 26,856 | 797,359 |
| Dodge & Cox Income Class I | 63,792 | 794,212 |
| Dodge & Cox Global Bond Class I | 71,173 | 769,376 |
| BrandywineGLOBAL High Yield Class I | 74,596 | 759,392 |
| Fidelity Advisor Multi-Asset Income | 54,759 | 757,315 |
| Vanguard Tax-Managed Balanced Adm Class | 16,590 | 713,042 |
| River Canyon Total Return Bond Class I | 68,262 | 684,671 |
| Vanguard Emerging Markets Bond Adm Class | 28,317 | 662,345 |
| PIMCO Income Class I | 62,480 | 662,291 |
| Artisan High Income Advisor Class | 68,150 | 611,985 |
| PIMCO Inflation Response Multi-Asset Class I | 70,253 | 576,072 |
| Franklin Convertible Securities Adv Class | 25,445 | 546,565 |
| Fidelity Strategic Dividend & Income | 30,261 | 507,180 |
| PIMCO Low Duration Income Class I | 58,914 | 471,901 |
| Fidelity Select Utilities Portfolio | 4,221 | 451,686 |
| T Rowe Price Capital Appreciation and Income Class I | 15,601 | 412,481 |
| BBH Limited Duration Class I | 39,836 | 410,706 |
| T Rowe Price Floating Rate | 43,956 | 408,352 |
| T Rowe Price Global Multi-Sector Bond Inv Class | 34,369 | 343,346 |
| | | |
| Total Mutual Funds (Cost $ 13,101,800) | | 13,076,858 |
| | | |
Short-Term Securities (2.3%) | | |
| | | |
| Fidelity Institutional Government Money Market Class I (Cost $ 312,847) | | 312,847 |
| | | |
| Total Short-term Securities | | 312,847 |
| | | |
Total Investments in Securities (Cost $ 13,414,647) (99.3%) | | 13,389,705 |
| | | |
Net Other Assets and Liabilities (0.7%) | | 93,945 |
| | | |
Net Assets (100%) | | $ 13,483,650 |
As of March 31, 2024, the investment cost and aggregate unrealized appreciation and depreciation on investments for federal income tax purposes were as follows:
| |
Cost of investment securities | $13,101,800 |
Unrealized appreciation | 287,967 |
Unrealized depreciation | 312,909 |
Net unrealized appreciation (depreciation) | (24,942) |
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MH Elite Portfolio of Funds Trust
March 31, 2024 (Unaudited)
Security Valuation - ASC 820 (formerly Statement of Financial Accounting Standards No. 157) establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. The topic establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs).
All securities purchased by the Funds trade on national stock exchanges, are liquid and have closing prices that are readily available for use in pricing the Funds’ securities on a daily basis. Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – Quoted prices in active markets for identical securities.
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – Significant unobservable inputs (including Fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used to value the Funds’ net assets as of March 31, 2024:
MH Elite Income Fund of Funds
| | | | |
Description | Level 1 – Quoted prices | Level 2 – Other significant observable inputs | Level 3 – Significant unobservable inputs | Total |
Mutual Funds | $ 13,076,858 | - | - | $ 13,076,858 |
Short Term Investments | 312,847 | - | - | 312,847 |
Total Investments in Securities | $ 13,389,705 | - | - | $ 13,389,705 |
For additional information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.
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