To achieve the fund's investment objective, the adviser invests substantially all of the fund's assets in common stock. Under normal circumstances, the Adviser expects that the fund's portfolio will generally consist of positions in 25 to 50 companies. During the investment selection process, the Adviser performs fundamental and quantitative analysis on each company and utilizes the rankings of companies by the Value Line Timeliness™ Ranking System to assist in selecting securities for purchase.

Nasdaq

VALLX

The investment seeks long-term growth of capital. The fund invests at least 80% of the fund's net assets in a diversified portfolio of U.S. equity securities with favorable growth prospects. It may invest in small, mid or large capitalization companies, including foreign companies. There are no set limitations of investments according to a company's size or to a sector weighting.

VALSX

The investment seeks to achieve a high total investment return consistent with reasonable risk. To achieve the fund's investment objective, the adviser invests in a broad range of common stocks, bonds and money market instruments. The Adviser attempts to achieve its objective by following an asset allocation strategy that enables the Adviser to periodically shift the assets of the fund among three types of securities: (a) common stocks, (b) debt securities with maturities of more than one year that are principally rated investment grade and (c) money market instruments.

VLAAX

The investment seeks long-term growth of capital. Under normal circumstances, the adviser invests at least 80% of the fund's assets in stocks of U.S. companies with small market capitalizations. A portion of the fund's assets may also be invested in stocks of U.S. mid-market capitalization companies. The adviser defines "stocks of U.S. companies" as companies that do business in the U.S., are organized in the U.S. or whose stock is traded on a U.S. exchange or over-the-counter market.

VLEOX

The fund invests substantially all of the fund's net assets in common stocks. Under normal circumstances, the Adviser invests at least 80% of the fund's assets in common stocks and other equity securities of mid-sized companies (the "80% Policy"). During the investment selection process, the Adviser performs fundamental and quantitative analysis on each company and utilizes the rankings of companies by the Value Line Timeliness™ Ranking System (the "Ranking System") to assist in selecting securities for purchase.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
VALLX	Value Line Larger Companies Focused Fund	Large Cap Growth Equities	Mar 20, 1972	1.14%	-17.93%	13.23%	7.58%	18
VALSX	Value Line Select Growth Fund	Large Cap Growth Equities	May 31, 1956	1.13%	-8.70%	10.85%	9.41%	1
VLAAX	Value Line Asset Allocation Fund	Diversified Portfolio	Aug 23, 1993	1.04%	-6.85%	7.14%	13.12%	1
VLEOX	Value Line Small Cap Opportunities Fund	Small Cap Growth Equities	Jun 23, 1993	1.16%	-1.31%	10.66%	6.48%	33
VLIFX	Value Line Mid Cap Focused Fund	Mid Cap Growth Equities	Mar 1, 1950	1.07%	-7.91%	11.14%	2.34%	2

Value Line Mutual Funds List

Risk vs. Return Scatterplot