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Average Annual Returns as of 08/31/23
| VLAAX | VLAIX1 | S&P 500 | 60% S&P500 / 40% BCAGG | MMAF | |
|---|---|---|---|---|---|
| YTD | 12.37% | 12.56% | 18.73% | 11.55% | 8.26% |
| 1 Yr | 11.08% | 11.35% | 15.94% | 9.04% | 6.96% |
| 3 Yr | 3.73% | 3.99% | 10.52% | 4.57% | 4.14% |
| 5 Yr | 7.27% | 7.54% | 11.12% | 7.14% | 5.12% |
| 10 Yr | 8.47% | 8.68% | 12.81% | 8.41% | 6.35% |
|
VLAAX Gross Expense Ratio: 1.04%, VLAIX Gross Expense Ratio: 0.81%
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 VLAIX is November 1, 2015. †Morningstar™ Ratings and Rankings based on Investor class shares. The S&P 500 Index is the most widely accepted barometer of the Large-Cap U.S. equities market. The index includes 500 leading companies and covers approximately 80% of available market capitalization. The returns for the index do not include any transaction costs, management fees or other costs. An investor may not invest directly in the index. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). The 60/40 S&P 500® Index/Bloomberg US Aggregate Bond Index is an unmanaged blended index which consists of a 60% weighting of the S&P 500® Index representative of the larger capitalization stocks traded in the United States and a 40% weighting of the Bloomberg US Aggregate Bond Index which is a broad-based benchmark that measures the investment grade, U.S. dollar denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, Mortgage Backed Securities (MBS) (agency fixed-rate and hybrid ARM pass-through’s), Asset Backed Securities (ABS), and Commercial Mortgage Backed Securities (CMBS). |
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Calendar Year Returns (%) (10 Years) as of 08/31/23
| VLAAX | 60% S&P500 / 40% BCAGG | Diff. | |
|---|---|---|---|
| 2014 | 6.93 | 10.62 | -3.69 |
| 2015 | 1.09 | 1.28 | -0.19 |
| 2016 | 5.77 | 8.31 | -2.54 |
| 2017 | 14.93 | 14.21 | 0.72 |
| 2018 | 2.03 | -2.35 | 4.38 |
| 2019 | 25.40 | 22.18 | 3.22 |
| 2020 | 15.24 | 14.73 | 0.51 |
| 2021 | 11.86 | 15.86 | -4.00 |
| 2022 | -15.67 | -15.79 | 0.12 |
| 8/31 | 12.37 | 11.55 | 0.82 |
2022 Year-End Distributions (Finalized)
| Ticker | Ordinary Income |
Short Term | Long Term | Total Per Share |
Ex. Date | Pay Date |
|---|---|---|---|---|---|---|
| Investor Class - VLAAX | $0.32727 | - | - | $2.21158 | 12/14 | 12/14 |
| Institutional Class - VLAIX | $0.43266 | - | - | $2.31697 | 12/14 | 12/14 |
†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 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.
VLIFX (3 Year / 5 stars / 521 funds; 5 Year / 5 stars / 490 funds; 10 Year / 5 stars / 384 funds; )
VALLX (3 Year / 1 stars / 1122 funds; 5 Year / 1 stars / 1035 funds; 10 Year / 2 stars / 803 funds; )
VLEOX (3 Year / 4 stars / 562 funds; 5 Year / 5 stars / 526 funds; 10 Year / 5 stars / 393 funds; )
VALSX (3 Year / 4 stars / 1122 funds; 5 Year / 4 stars / 1035 funds; 10 Year / 3 stars / 803 funds; )
VLAAX (3 Year / 3 stars / 686 funds; 5 Year / 5 stars / 653 funds; 10 Year / 5 stars / 487 funds; )
VALIX (3 Year / 1 stars / 686 funds; 5 Year / 2 stars / 653 funds; 10 Year / 4 stars / 487 funds; )
VAGIX (3 Year / 2 stars / 415 funds; 5 Year / 2 stars / 379 funds; 10 Year / 2 stars / 277 funds; )
Source: Morningstar Direct
