A Message From Our Funds' President

A welcome message from Mitchell Appel, President of Value Line Funds.


Hello, I’m Mitchell Appel, President of the Value Line Funds and I’d like to welcome you to our fund family.

As one of America’s oldest mutual fund companies, the Value Line Funds have been helping investors to achieve their financial goals for over 60 years. Many investors today have been asking about the merits of active management relative to investing in stock indexes through either an exchange traded fund, otherwise known as an ETF, or a mutual fund that invests in a particular index, such as the S&P 500. At Value Line Funds, all of our equity portfolios are actively managed by experienced portfolio managers that carefully select small, mid-sized and large growth companies that they believe possess the opportunity to provide above average returns relative to other comparable sized stocks or companies in their same industry.

In addition, the volatility or risk of these stocks is thoroughly examined at the individual company level as well as how their inclusion would impact the overall portfolio.

All of our portfolio managers have access to the venerable Value Line Timeliness and Safety Ranking systems, which is a renowned investment tool for over 75 years. The Value Line Timeliness rank measures probable relative price performance of approximately 1,700 stocks during the next six to 12 months on an easy-to-understand scale of 1 to 5. For more on the Value Line ranking systems, I encourage you to click on our website, in the Why VLF? tab, and under Process and Research.

Buying a stock index means that an investor is purchasing a preset basket of companies regardless of the relative future opportunity of any individual company. Even if a company is experiencing current financial difficulty or engaged in products or services that hold less and less interest to consumers or businesses, these companies remain in the portfolio solely because they are an index component. Judgment is not part of the process.

At Value Line Funds, we believe there is significant value to having investment professionals that have weathered the ups and downs of the market throughout the years that we have managed money. Since our founding over 60 years ago, deep market knowledge, in-depth company analysis and human judgment based upon years of experience has guided all that we do.

As you explore our website, I encourage you to take a look at our shareholder newsletter, read our portfolio manager commentaries and download information on each of our actively managed Funds.

Thank you again for your interest. We look forward to welcoming you to the Value Line Funds.