Value Line Select Core Fund
As of 06/30/26, the Fund’s Top 10 Holdings were as follows: Cadence Design Systems Inc (8.52%), Trane Technologies PLC Class A (7.99%), Cintas Corp (5.76%), Motorola Solutions Inc (5.11%), Mastercard Inc Class A (4.98%), Republic Services Inc (4.90%), TransDigm Group Inc (4.76%), Costco Wholesale Corp (4.60%), ServiceNow Inc (3.98%), Roper Technologies Inc (3.22%)
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 / 3 stars / 522 funds; 5 Year / 4 stars / 499 funds; 10 Year / 4 stars / 401 funds; )
VLIFX (3 Year / 2 stars / 459 funds; 5 Year / 4 stars / 441 funds; 10 Year / 4 stars / 377 funds; )
VALLX (3 Year / 4 stars / 978 funds; 5 Year / 2 stars / 928 funds; 10 Year / 2 stars / 751 funds; )
VALSX (3 Year / 1 stars / 978 funds; 5 Year / 2 stars / 928 funds; 10 Year / 1 stars / 751 funds; )
VLAAX (3 Year / 1 stars / 460 funds; 5 Year / 1 stars / 440 funds; 10 Year / 2 stars / 375 funds; )
VALIX (3 Year / 5 stars / 460 funds; 5 Year / 3 stars / 440 funds; 10 Year / 5 stars / 375 funds; )
Source: Morningstar Direct
How does the Value Line Select Core Fund seek to generate attractive long-term returns while balancing risk?
The Select Core Fund combines Value Line's long-standing investment research with a quantitative portfolio optimization process designed to pursue attractive long-term, risk-adjusted returns. The strategy begins by identifying companies with favorable return potential using the time-tested Value Line Timeliness™ Ranking System, which evaluates stocks based on their expected performance over the next six to twelve months.
Those return expectations are then combined with a comprehensive portfolio optimization process that includes 50 fundamental factors and evaluates each company's contribution to the portfolio's expected return, volatility, and diversification. Rather than simply selecting the highest-ranked stocks, the optimization process seeks to construct a diversified portfolio that balances return potential with prudent risk management.
The portfolio managers remain actively involved throughout the process, using their judgment alongside the quantitative model to build a portfolio that emphasizes individual stock selection over broad sector or style allocations. We believe this combination of company research, quantitative analysis, and experienced portfolio management provides a disciplined framework for pursuing attractive long-term results.
What changes were made to the Fund in the second quarter?
Several new positions were added to the portfolio during the second quarter, reflecting the Fund's integrated investment process.
Examples of new additions include:
These new additions illustrate the Fund's more comprehensive approach to portfolio construction, emphasizing companies with attractive return potential while being mindful of overall portfolio risk. As of quarter-end, the Fund held 40 positions.