Value Line Small Cap Opportunities Fund
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A Strong Performing, Low Risk, Small-Cap Solution
Among small growth funds, performance is only part of the story. Assessing the level of risk to achieve that performance is key.
3 Reasons to Consider the Value Line Small Cap Opportunities Fund
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Overview
Objective & Process
The Fund’s investment objective is long-term growth of capital.
Documents
| Document | Date |
|---|---|
| Fact Sheet | 08/31/25 |
| Commentary | Q2 2025 |
| Summary Prospectus | 5/1/25 |
| Prospectus | 9/18/25 |
| SAI | 9/18/25 |
| Q1 Holdings | 3/31/25 |
| Q3 Holdings | 9/30/24 |
Daily Pricing as of 10/07/25
| Class | NAV | % Change |
|---|---|---|
| Investor Class - VLEOX | $61.60 | -0.76% |
| Institutional Class - VLEIX | $63.69 | -0.75% |
Fund Details
| Item | Value |
|---|---|
| Regulatory Benchmark | Russell 2000 Index |
| Morningstar Category | Small Growth Funds |
Managers & Commentary
Stephen E. Grant Senior Portfolio Manager
Performance
Average Annual Returns as of 08/31/25
| VLEOX | VLEIX1 | Russell 2000 Index | MSGF | |
|---|---|---|---|---|
| YTD | 4.82% | 5.01% | 7.06% | 4.52% |
| 1 Yr | 4.09% | 4.35% | 8.17% | 7.71% |
| 3 Yr | 13.68% | 13.97% | 10.28% | 10.08% |
| 5 Yr | 10.08% | 10.35% | 10.13% | 6.95% |
| 10 Yr | 10.81% | 11.09% | 8.88% | 9.72% |
|
VLEOX Gross / Net Expense Ratio: 1.18%, VLEIX Gross / Net Expense Ratio: 0.97%.
Morningstar rates funds based on enhanced Morningstar risk-adjusted returns. 1 Indicates Morningstar Extended Performance. Extended performance is an estimate based on the performance of the fund's oldest share class, adjusted for fees. The Inception Date of VLEIX is November 1, 2015. †Morningstar™ Ratings and Rankings based on Investor class shares. The Russell 2000 index measures the performance of the 2,000 smaller companies that are included in the Russell 3000 Index, which itself is made up of nearly all U.S. stocks. The Russell 2000 is widely regarded as a bellwether of the U.S. economy because of its focus on smaller companies that focus on the U.S. market. |
||||
Morningstar† as of 08/31/25
| Small Growth Funds Category | ||
|---|---|---|
| Period | Stars | Number of Funds |
| 3 Year | ★★★★★ | of 515 Funds |
| 5 Year | ★★★★ | of 500 Funds |
| 10 Year | ★★★★★ | of 392 Funds |
| Overall | ★★★★★ | of 515 Funds |
10 Year Calendar Year Returns as of 08/31/25
| Period | VLEOX | Russell 2000 Index | Diff. |
|---|---|---|---|
| 2016 | 14.37 | 21.31 | -6.94 |
| 2017 | 17.64 | 14.65 | 2.99 |
| 2018 | -4.74 | -11.01 | 6.27 |
| 2019 | 25.14 | 25.52 | -0.38 |
| 2020 | 26.60 | 19.96 | 6.64 |
| 2021 | 15.21 | 14.82 | 0.39 |
| 2022 | -19.11 | -20.44 | 1.33 |
| 2023 | 22.00 | 16.93 | 5.07 |
| 2024 | 14.24 | 11.54 | 2.70 |
| 8/31 | 4.82 | 7.06 | -2.24 |
Portfolio Details as of 8/31/25
Top Ten Holdings
| Company Name | Weight (%) |
|---|---|
| CACI International Inc Class A | 4.41% |
| Comfort Systems USA Inc | 4.19% |
| Woodward Inc | 3.68% |
| Federal Signal Corp | 3.38% |
| RBC Bearings Inc | 3.31% |
| ExlService Holdings Inc | 3.15% |
| Ensign Group Inc | 3.09% |
| Watts Water Technologies Inc Class A | 2.99% |
| Post Holdings Inc | 2.92% |
| Fabrinet | 2.79% |
Equity Sector Distribution as of 06/30/25
| Sector | Weight | |
|---|---|---|
| Industrials | 41.31% | |
| Technology | 25.63% | |
| Consumer Cyclical | 10.32% | |
| Financial Services | 9.27% | |
| Healthcare | 8.07% | |
| Consumer Defensive | 4.05% | |
| Basic Materials | 0.72% | |
| Utilities | 0.64% |
Portfolio Statistics
3 Year Period, as of 08/31/25
| Statistic | Value |
|---|---|
| Alpha (vs. Russell 2000) | 0.00 |
| Beta (vs. Russell 2000) | 0.00 |
| Information Ratio (vs. Russell 2000) | 0.00 |
| R-Squared | 73.08 |
| Sharpe Ratio | 0.54 |
| Standard Deviation | 17.74 |
Portfolio Composition
as of 06/30/25
| Composition | Weight | |
|---|---|---|
| Equities | 95.38% | |
| Cash & Other | 4.62% |
Valuation
as of 08/31/25
| Item | Value |
|---|---|
| Best 3 month period ended: | 12/31/20 23.00% |
| Worst 3 month period ended: | 03/31/20 -19.40% |
Valuation (Quarterly)
as of 06/30/25
| Item | Value |
|---|---|
| Price/Earnings | 24.79x |
| Price/Book | 3.85x |
| Price/Sales | 1.93x |
| Price/Cash Flow | 17.57x |
| Turnover (as of 12/31/24) | 8% |
Fees & Distributions as of 12/31/24
VLEOX Investor Class
| Composition | Weight |
|---|---|
| Redemption Fee | N/A |
| Expense Ratio Before Waivers | 1.18% |
| Expense Ratio After Waivers | 1.18% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | No Minimum |
VLEIX Institutional Class
| Composition | Weight |
|---|---|
| Redemption Fee | N/A |
| Expense Ratio Before Waivers | 0.97% |
| Expense Ratio After Waivers | 0.97% |
| Minimum Initial Investment (**See prospectus for exceptions) |
$100,000 |
| Minimum Subsequent Investment | No Minimum |
2024 Year-End Distributions (Finalized)
| Ticker | Ordinary Income | Short Term | Long Term | Total Per Share | Ex. Date | Pay Date |
|---|---|---|---|---|---|---|
| Investor Class - VLEOX | - | - | $0.05432 | $0.05432 | 12/18 | 12/18 |
| Institutional Class - VLEIX | - | - | $0.05432 | $0.05432 | 12/18 | 12/18 |
Morningstar™ Categories based on Investor class shares.
There are risks associated with investing in small and mid cap stocks, which tend to be more volatile and less liquid than stocks of large companies, including the risk of price fluctuations.
The performance data quoted herein represents past performance and does not guarantee future results. Market volatility can dramatically impact the fund's short term performance. Current performance may be lower or higher than figures shown. The investment return and principal value will fluctuate so that an investor's shares, when redeemed may be worth more or less than their original cost. Past performance data through the most recent month end is available at vlfunds.com or by calling 1-800-243-2729.
You should carefully consider investment objectives, risks, charges and expenses of Value Line Funds before investing. This and other information can be found in the fund's prospectus and summary prospectus, which can be obtained free of charge from your investment representative, by calling 800.243.2729, or by clicking on the applicable fund at www.vlfunds.com. Please read it carefully before you invest or send money. Value Line Funds are distributed by EULAV Securities LLC. Past performance is no guarantee of future results.
Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities. Current and future portfolio holdings are subject to risk.
The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses. Investment results and the principal value of an investment will vary.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
VLEOX (3 Year / 5 stars / 515 funds; 5 Year / 4 stars / 500 funds; 10 Year / 5 stars / 392 funds; )
VLIFX (3 Year / 3 stars / 485 funds; 5 Year / 5 stars / 453 funds; 10 Year / 5 stars / 377 funds; )
VALLX (3 Year / 5 stars / 1031 funds; 5 Year / 2 stars / 958 funds; 10 Year / 2 stars / 762 funds; )
VALSX (3 Year / 1 stars / 1031 funds; 5 Year / 3 stars / 958 funds; 10 Year / 2 stars / 762 funds; )
VLAAX (3 Year / 3 stars / 480 funds; 5 Year / 1 stars / 449 funds; 10 Year / 4 stars / 377 funds; )
VALIX (3 Year / 5 stars / 480 funds; 5 Year / 2 stars / 449 funds; 10 Year / 4 stars / 377 funds; )
VAGIX (3 Year / 2 stars / 430 funds; 5 Year / 2 stars / 381 funds; 10 Year / 2 stars / 288 funds; )
Source: Morningstar Direct
