p id="xdx_A82_eoef--StrategyNarrativeTextBlock_zdQHkr1Nt1Sj" style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"MH Elite Fund of Funds seeks to achieve its investment objective by investing at least 80% of its total assets in 12 to 25 unaffiliated open-end mutual funds (underlying funds) which , in turn, invest principally in common stocks of mid and large-capitalization companies. The Fund’s adviser will emphasize funds that invest in companies whose market capitalization is greater than $2 billion. Mid-cap companies typically have a market cap between $2 billion and $10 billion. Large-cap companies generally have a market cap of $10 billion or more. The underlying funds may also purchase other types of equity securities, in addition to common stocks, such as preferred stocks and convertible securities. Equity securities are securities that represent an ownership interest (or the right to acquire such an interest) in a company. Underlying funds will be purchased at their net asset value without sales charges, upfront or deferred, and have a maximum limit on 12b-1 fees of .25%. The investment objective of each of the underlying funds will be consistent with the investment objective of the Fund, long-term capital appreciation./p p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify" /p p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"The majority of holdings of the underlying funds are intended to represent primarily U.S. based mid and large cap companies. Although the underlying funds will normally focus on the securities of U.S. companies, they may invest in foreign securities. An underlying fund may use derivatives such as options and futures contracts as a substitute for investing directly in equity securities. The Fund will generally invest in a mix of fund styles identified as value, blend or growth funds. Depending on economic and market conditions, the Fund may be weighted more to one particular investment style./p p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify" /p p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"The Fund may sell an underlying fund if the Adviser believes it no longer contributes to the attainment of the Fund’s investment objective. Factors that could contribute to an underlying fund being sold include disappointing performance, style drift, or a change in the underlying fund’s portfolio manager./p p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify" /p