Last updated July 17, 2024

Value Line Funds (“Value Line Funds” or “we”, “us” or “our”) are pleased to offer online access to the Value Line Funds website, subject to the terms of use set forth in this Online Terms of Use (“Terms of Use”).  The Terms of Use supplement the Value Line Funds Privacy Notice and also supplement, in the case of existing shareholders who elect to access their account online, the Online Account Privacy Practices

READ THESE TERMS OF USE (“TERMS”) CAREFULLY BEFORE USING THE SERVICES DESCRIBED HEREIN.  BY UTILIZING THE WEBSITE LOCATED AT WWW.VLFUNDS.COM (“WEBSITE”), YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS AND CONDITIONS AND THAT YOU AGREE TO BE BOUND BY THEM.  IF YOU DO NOT AGREE TO ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, YOU ARE NOT AN AUTHORIZED USER OF THESE SERVICES AND YOU SHOULD NOT USE THIS WEBSITE.  VALUE LINE FUNDS RESERVE THE RIGHT TO CHANGE, MODIFY, ADD OR REMOVE PORTIONS OF THESE TERMS AT ANY TIME FOR ANY REASON.  WE SUGGEST THAT YOU REVIEW THESE TERMS PERIODICALLY FOR CHANGES.  SUCH CHANGES SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING.  YOU ACKNOWLEDGE THAT BY ACCESSING OUR WEBSITE AFTER WE HAVE POSTED CHANGES TO THESE TERMS, YOU ARE AGREEING TO THESE TERMS AS MODIFIED.  IF YOU ARE DISSATISFIED WITH THE WEBSITE, THEN YOU AGREE THAT YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE ANY USE.

Disclaimer

The content of this website is for general information only and is believed to be accurate and reliable as of posting date.  However, the information we post is subject to change.  The Value Line Funds cannot guarantee or take responsibility for the continued accuracy, completeness and timeliness of any content on the website after the posting date indicated for that information.

Nothing contained on this website constitutes tax, accounting, regulatory, legal, insurance or investment advice.  Please consult your own independent advisor as to any investment, tax, or legal statements made herein.  Neither the information, nor any opinion contained on this website constitutes a solicitation or offer by a Value Line Fund or its affiliates to buy or sell any securities, futures, options or other financial instruments, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.  Decisions based on information contained on this website are the sole responsibility of the visitor.  In exchange for using this website, the visitor agrees to indemnify and hold each Value Line Fund, its officers, directors, employees, affiliates, agents, licensors and suppliers harmless against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys’ fees) arising from your use of this website, from your violation of these Terms of Use or from any decisions that the visitor makes based on such information.

Value Line Funds make no representations that the website and its functionalities are available or appropriate for use in all jurisdictions or countries, or by all users.  By making available information on the website, Value Line Funds do not represent that any investment or strategy is available or suitable for any particular user.  All persons and entities accessing the website do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

BEFORE ACQUIRING THE SHARES OF ANY VALUE LINE FUND BY PURCHASE OR EXCHANGE, IT IS YOUR RESPONSIBILITY TO READ THE FUND’S PROSPECTUS OR OFFERING MATERIALS.

The information and services provided on this website are provided “AS IS” and without warranties of any kind, either expressed or implied.  To the fullest extent permissible pursuant to applicable law, Value Line Funds disclaim all warranties, including, but not limited to, any warranty of non-infringement of third-party rights and any implied warranties of merchantability and fitness for a particular purpose.  Value Line Funds do not warrant, either expressly or impliedly, the accuracy or completeness of the information, text, graphics, links or other items contained on this website and do not warrant that the functions contained in this website will be uninterrupted or error-free, that defects will be corrected, or that the website will be free of viruses or other harmful components.  Value Line Funds expressly disclaim all liability for errors and omissions in the materials on this website and for the use or interpretation by others of information contained on the website.

Cookie Technologies and Device Data 

A cookie is a piece of data or a file that a website can send to your internet browser which may then store it on your mobile device or computer (your “device”).  Cookies retain information such as the pages you visited, the website features you used, and the amount of time you visited a particular webpage.  They are also a means of keeping track of a user’s preferences during a visit to a website.  

Cookies are generally characterized into three categories:

Category Description
Operationally Necessary Operational cookies are strictly necessary for the website or application or tool to function.  This includes cookies that allow you access to the website, services, applications, and tools; that are required to identify irregular site behavior, prevent fraudulent activity, and improve security; or that allow you to make use of the functions such as saved search, or similar functions.
Performance Related Performance or analytical cookies are used to measure and improve the performance of the website or mobile application.  None of this information can be used to identify a specific user.  Rather, it helps to understand how visitors use the website; measures the number of unique visitors; or determines whether you have viewed an item or link.
Preference or Functionality Related Functionality or “preference” cookies enable the website or mobile application to provide enhanced functionality and personalization by allowing the website or mobile application to remember choices you make.  This may include identifying you when you sign in to the website or keeping track of your specified preferences, interests, or past items viewed so that the presentation of content on the website or mobile application can be enhanced.

 

Most browsers allow you to block, disable and delete cookies.  If you do that, the Value Line Funds website should continue to work properly on your computer and/or your mobile device.  However, no assurance can be made in that regard.  

If you do not block, disable and delete cookies, there may be computer code deposited on your computer or mobile device, and information secured or collected from your computer or device.  The Value Line Funds website is maintained by a third-party web development firm which runs “Google Analytics” to provide measurement and tracking data.  Google Analytics uses cookies to recognize unique users, trace interactions, and collect data such as page views, session duration, and engagement information. 

For example, when users visit the Value Line Funds website, Google Analytics causes the website to send a small piece of data (specifically, a unique ID and time stamp, referred to as a “user identifier”) to the user’s browser to be stored and accessed on the next visit.  By storing a unique user ID in your browser, Google Analytics can tell if someone is a returning user or not, accurately attribute actions taken by unique visitors, and provide metrics about the number of first visits, first-time users, and more.

You make available “device data” when you visit the Value Line Funds website using a computer or mobile device (your “device”).  Examples are the domain and host from which you access the Internet, the Internet address of the site from which you came to the website, the date and time you access the website or application, browser and operating system information, general location estimated from your IP address or through your Wi-Fi connection, and other information about how you use your device. 

Retention of Cookies. 

Cookies have a duration period.  Some cookies are temporary (session cookies), while others may stay on your browser until you delete them manually or until your browser deletes them based on the duration set within the cookie (persistent cookie).  

It is the policy of the Value Line Funds to limit retention of any personal information or device data collected through cookies for only as long as needed or permitted considering the purpose(s) for which it was obtained.  Value Line Funds believe the criteria used to determine the retention periods should include the purpose for which the personal or device data was collected, whether there is a legal obligation to which Value Line Funds are subject, and whether retention is advisable for other reasons (such as regarding applicable statutes of limitations, litigation, or regulatory investigations).  To generate analysis and reports using historical information, the web developer that maintains the Value Line Funds website expects us to retain data associated with cookies, including the user identifiers described above, for 14 months.

Paper Copies 

At any time, you may request from us a paper copy of any record provided or made available electronically to you by contacting 1-800-243-2729.  We may always, in our sole discretion, provide you with any document on paper, even if you have authorized electronic delivery.