MH Elite Portfolio of Funds Trust
MH Elite Select Portfolio of Funds
Schedule of Investments
September 30, 2024 (Unaudited)
| | | |
Mutual Funds (93.8%) | Shares | Value |
| | | |
| WCM Focused International Growth Class I | 25,304 | $ 664,749 |
| Matthews Emerging Markets Small Companies Class I | 23,961 | 654,618 |
| Driehaus Emerging Markets Small Cap Growth | 28,223 | 647,447 |
| Thornburg Global Opportunities Class I | 15,512 | 619,390 |
| GQG Partners Emerging Markets Equity Class I | 33,746 | 611,136 |
| Schwab Fundamental International Large Company Index | 44,749 | 524,458 |
| Vanguard Industrials Index Adm Class | 3,880 | 518,215 |
| State Street Hedged International Developed Equity Index Class K | 4,156 | 518,090 |
| Goldman Sachs GQG Partners Intl Opportunities Inv Class | 21,805 | 504,579 |
| Vanguard Materials Index Adm Class | 4,499 | 484,765 |
| MFS International Equity Class R6 | 12,810 | 477,932 |
| Third Avenue Value Class I | 6,717 | 468,941 |
| Hartford International Value Class I | 20,191 | 401,200 |
| Fidelity International Small Cap | 10,285 | 351,437 |
| | | |
| Total Mutual Funds (Cost $ 6,420,525) | | 7,446,957 |
| | | |
Short-Term Securities (3.1%) | | |
| | | |
| Fidelity Institutional Money Market Government Portfolio Class I (Cost $ 243,465) | | 243,465 |
| | | |
| Total Short-term Securities | | 243,465 |
| | | |
Total Investments in Securities (Cost $ 6,663,990) (96.9%) | | 7,690,422 |
| | | |
Net Other Assets and Liabilities (3.1%) | | 249,912 |
| | | |
Net Assets (100%) | | $ 7,940.334 |
As of September 30, 2024, the investment cost and aggregate unrealized appreciation and depreciation on investments for federal income tax purposes were as follows:
| |
Cost of investment securities | $6,420.525 |
Unrealized appreciation | 1,026,432 |
Unrealized depreciation | - |
Net unrealized appreciation | 1,026,432 |
MH Elite Portfolio of Funds Trust
MH Elite Select Portfolio of Funds
September 30, 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 September 30, 2024:
MH Elite Select Portfolio of Funds
