| Investor Class | | |
(Ticker Symbol: VLEOX) |
|
|
Institutional Class |
| |
(Ticker Symbol: VLEIX) |
|
| Investor Class | | |
(Ticker Symbol: VLIFX) |
|
|
Institutional Class |
| |
(Ticker Symbol: VLMIX) |
|
| Investor Class | | |
(Ticker Symbol: VALSX) |
|
|
Institutional Class |
| |
(Ticker Symbol: VILSX) |
|
| Investor Class | | |
(Ticker Symbol: VALLX) |
|
|
Institutional Class |
| |
(Ticker Symbol: VLLIX) |
|
| Investor Class | | |
(Ticker Symbol: VLAAX) |
|
|
Institutional Class |
| |
(Ticker Symbol: VLAIX) |
|
| Investor Class | | |
(Ticker Symbol: VALIX) |
|
|
Institutional Class |
| |
(Ticker Symbol: VLIIX) |
|
|
Investor Class |
| |
(Ticker Symbol: VAGIX) |
|
| | | |
Page
|
| |||
| | | | | B-3 | | | |
| | | | | B-13 | | | |
| | | | | B-22 | | | |
| | | | | B-30 | | | |
| | | | | B-31 | | | |
| | | | | B-35 | | | |
| | | | | B-37 | | | |
| | | | | B-38 | | | |
| | | | | B-43 | | | |
| | | | | B-44 | | |
|
Concentration. |
| |
(1)
purchase the securities of any issuer if,
as a result of such purchase, the Fund’s investments would be concentrated
in any particular industry.
|
|
Borrowing. |
(2) |
borrow money. |
Senior Securities. |
(3) |
issue senior securities. |
Lending. |
(4) |
make loans. |
Real Estate & Commodities.
|
(5) |
purchase or sell commodities or real estate. |
Underwriting Securities. |
(6) |
underwrite the securities of other issuers. |
|
Name, Address, and Year
of Birth |
| |
Position
|
| |
Length of Time Served |
| |
Principal Occupations
During the Past 5 Years |
| |
Number of Portfolios in Fund Complex Overseen by Director |
| |
Other Directorships Held by Director During the Past 5 Years |
|
| Interested Director* | | | | | | | ||||||||||
| Mitchell E. Appel 1970 |
| | Director | | |
Since 2010 |
| |
President of each of the Value Line Funds;
Trustee, CEO and Treasurer of the Adviser; President and Chief Financial
Officer of the Distributor. |
| |
7
|
| |
Forethought Variable Insurance Trust
|
|
|
Non-Interested Directors |
| | | | | | ||||||||||
| Joyce E. Heinzerling 1956 |
| | Director | | |
Since 2008 |
| |
Retired. Managing Member, Meridian Fund
Advisers LLC (consultants) until 2020. |
| |
7
|
| |
KOP
Therapeutics Corp. (biotechnology) |
|
| James E. Hillman 1957 |
| | Director (Chair of the Board of the Value Line Funds since 2016) |
| |
Since 2015 |
| |
Retired. Chief Financial Officer, Notre
Dame School of Manhattan, 2011 – 2023. Director and Principal Financial
Officer, Merrill Lynch Global Wealth Management, 2006 – 2011.
|
| |
7
|
| |
Miller/Howard High Income Equity Fund
|
|
| Paul Craig Roberts 1939 |
| | Director | | |
Since 1983 |
| |
Chairman, Institute for Political Economy.
|
| |
7
|
| | None | |
| Officers | | | | | | | ||||||||||
| Mitchell E. Appel 1970 |
| | President | | |
Since 2008 |
| |
President of each of the Value Line Funds;
Trustee, CEO and Treasurer of the Adviser; President and Chief Financial
Officer of the Distributor. |
| | | ||||
| Jim Gallo 1964 |
| | Treasurer and Chief Financial Officer | | |
Since 2022 |
| |
Treasurer and Chief Financial Officer
(Principal Financial and Accounting Officer) of each of the Value Line
Funds since 2022. Senior Principal Consultant. Foreside Management
Services, LLC, since 2022. Director Fund Services, Bank of New York
Mellon, 2002 – 2021. |
| | | ||||
| Michael J. Wagner 1950 |
| | Chief Compliance Officer | | |
Since 2009 |
| |
Chief Compliance Officer of each of the
Value Line Funds since 2009; President of Northern Lights Compliance
Services, LLC 2006 – 2019. |
| | | ||||
| Emily D. Washington 1979 |
| | Vice President and Secretary | | |
Since 2008 |
| |
Vice President of each of the Value Line
Funds since 2020 and Secretary since 2010; Treasurer and Chief Financial
Officer of each of the Value Line Funds, 2008 – 2020. |
| | | ||||
| Robert Scagnelli 1961 |
| |
Vice President |
| |
Since 2020 |
| |
Vice President of each of the Value Line
Funds since 2020; Vice President of the Distributor and the Adviser since
2011. |
| | |
Name of Person |
| |
Aggregate Compensation From Value Line Small Cap Opportunities Fund |
| |
Aggregate Compensation From Value Line Mid Cap Focused Fund |
| |
Aggregate Compensation From Value Line Select Growth Fund |
| |
Aggregate Compensation From Value Line Larger Companies Focused Fund |
| |
Aggregate Compensation From Value Line Asset Allocation Fund |
| |
Aggregate Compensation From Value Line Capital Appreciation Fund |
| |
Aggregate Compensation From Value Line Core Bond Fund |
| |
Total Compensation From Value Line Funds |
| ||||||||||||||||||||||||
Interested Director | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mitchell E. Appel | | | | $ | -0- | | | | | $ | -0- | | | | | $ | -0- | | | | | $ | -0- | | | | | $ | -0- | | | | | $ | -0- | | | | | $ | -0- | | | | | $ | -0- | | |
Non-Interested Directors | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Joyce E. Heinzerling | | | | $ | 14,859 | | | | | $ | 27,411 | | | | | $ | 12,912 | | | | | $ | 8,822 | | | | | $ | 32,436 | | | | | $ | 14,191 | | | | | $ | 1,369 | | | | | $ | 112,000 | | |
James E. Hillman | | | | $ | 18,648 | | | | | $ | 34,215 | | | | | $ | 16,179 | | | | | $ | 11,005 | | | | | $ | 40,677 | | | | | $ | 17,747 | | | | | $ | 1,529 | | | | | $ | 140,000 | | |
Paul Craig Roberts | | | | $ | 14,859 | | | | | $ | 27,411 | | | | | $ | 12,912 | | | | | $ | 8,822 | | | | | $ | 32,436 | | | | | $ | 14,191 | | | | | $ | 1,369 | | | | | $ | 112,000 | | |
Nancy-Beth Sheerr* | | | | $ | 11,543 | | | | | $ | 19,941 | | | | | $ | 10,183 | | | | | $ | 6,898 | | | | | $ | 25,992 | | | | | $ | 11,336 | | | | | $ | 1,107 | | | | | $ | 87,000 | | |
Name of Person |
| |
Dollar Range of Equity Securities in Value Line Small Cap Opportunities Fund |
| |
Dollar Range of Equity Securities in Value Line Mid Cap Focused Fund |
| |
Dollar Range of Equity Securities in Value Line Select Growth Fund |
| |
Dollar Range of Equity Securities in Value Line Larger Companies Focused Fund |
|
Interested Director | | | | | | ||||||||
Mitchell E. Appel | | |
$10,001 – $50,000 |
| |
$50,001 – $100,000 |
| |
$10,001 – $50,000 |
| |
$10,001 – $50,000 |
|
Non-Interested Directors |
| | | | | ||||||||
Joyce E. Heinzerling | | |
$1 – $10,000 |
| |
$10,001 – $50,000 |
| |
$-0- |
| |
$1 – $10,000 |
|
James E. Hillman | | |
$50,001 – $100,000 |
| |
$50,001 – $100,000 |
| |
$10,001 – $50,000 |
| |
$50,001 – $100,000 |
|
Paul Craig Roberts | | |
$-0- |
| |
$-0- |
| |
$-0- |
| |
$-0- |
|
Name of Person |
| |
Dollar Range of Equity Securities in Value Line Asset Allocation Fund |
| |
Dollar Range of Equity Securities in Value Line Capital Appreciation Fund |
| |
Dollar Range of Equity Securities in Value Line Core Bond Fund |
| |
Aggregate Dollar Range of Equity Securities in All of the Value Line Funds |
|
Interested Director | | | | | | ||||||||
Mitchell E. Appel | | |
$10,001 – $50,000 |
| |
$10,001 – $50,000 |
| |
$10,001 – $50,000 |
| |
Over
$100,000 |
|
Non-Interested Directors | | | | | | ||||||||
Joyce E. Heinzerling | | |
$10,001 – $50,000 |
| |
$1 – $10,000 |
| |
$-0- |
| |
$50,001 – $100,000 |
|
James E. Hillman | | |
$10,001 – $50,000 |
| |
Over
$100,000 |
| |
$10,001 – $50,000 |
| |
Over
$100,000 |
|
Paul Craig Roberts | | |
Over
$100,000 |
| |
$-0- |
| |
$-0- |
| |
Over
$100,000 |
|
|
Value
Line Small Cap Opportunities Fund |
| |||
| Charles Schwab & Co. Inc., 211 Main Street, San Francisco, CA 94105 | | | 3,564,415 Investor Class shares (approximately 58.4% of the shares outstanding) | |
| Charles Schwab & Co. Inc., 101 Montgomery Street, San Francisco, CA 94104 | | | 891,266 Institutional Class shares (approximately 20.0% of the shares outstanding) | |
| National Financial Services Co., 499 Washington Blvd., Jersey City, NJ 07310 | | | 1,183,096 Investor Class shares (approximately 19.4% of the shares outstanding) | |
| | | | 991,620 Institutional Class shares (approximately 22.3% of the shares outstanding) | |
| Ameriprise Advisor Services 707 2nd Ave, Minneapolis, MN 55402 | | | 1,486,788 Institutional Class shares
(approximately 33.4% of the shares outstanding) |
|
| Morgan Stanley Smith Barney LLC 1 New York Plaza New York, NY 10004 |
| | 331,975 Investor Class shares
(approximately 5.4% of the shares outstanding) |
|
| LPL Financial Corp 4707 Executive Dr San Diego, CA 92121 |
| | 363,655 Institutional Class shares
(approximately 8.2% of the shares outstanding) |
|
|
Value
Line Mid Cap Focused Fund |
| |||
| Charles Schwab & Co., Inc., 211 Main
Street, San Francisco, CA 94105 |
| | 3,835,299 Investor Class shares (approximately 26.5% of the shares outstanding) | |
| | | | 4,964,533 Institutional Class shares (approximately 16.8% of the shares outstanding) | |
| National Financial Services Corp. 499 Washington Blvd. Jersey City, NJ 07310 | | | 4,569,080 Investor Class shares (approximately 31.6% of the shares outstanding) | |
| | | | 6,189,728 Institutional Class shares (approximately 20.9% of the shares outstanding) | |
| American Enterprise Investment Services
707 2nd Ave S. Minneapolis, MN 55402 |
| | 5,241,015 Institutional Class shares (approximately 17.8% of the shares outstanding) | |
| LPL Financial Corp. 4707 Executive Dr. San Diego, CA 92121 |
| | 4,455,720 Institutional Class shares (approximately 15.1% of the shares outstanding) | |
| Pershing LLC, P.O. Box 2052 Jersey City, NJ 07303 |
| | 1,763,826 Institutional Class shares (approximately 5.9% of the shares outstanding) | |
|
Value
Line Capital Appreciation Fund |
| |||
| Charles Schwab & Co., Inc., 211 Main
Street, San Francisco, CA 94105 |
| |
5,908,149 Investor Class shares
(approximately 18.4% of the shares outstanding)
993,133
Institutional Class shares (approximately 13.0% of the shares outstanding)
|
|
| National Financial Services Co., 499 Washington Blvd Jersey City, NJ 07310 |
| |
7,126,568 Investor Class shares
(approximately 22.2% of the shares outstanding)
688,473
Institutional Class shares (approximately 9.0% of the shares outstanding)
|
|
| American Enterprise Investment Services 707 2nd Ave S. Minneapolis, MN 55402 |
| | 2,136,620 Institutional Class shares (approximately 27.9% of the shares outstanding) | |
| Wells Fargo Clearing Services 2801 Market Street St. Louis, MO 63103 |
| | 480,956 Institutional Class shares (approximately 6.3% of the shares outstanding) | |
| LPL Financial Corp. 4707 Executive Dr. San Diego, CA 92121 |
| | 1,021,056 Institutional Class shares (approximately 13.4% of the shares outstanding) | |
| Pershing, LLC, P.O. Box 2052 Jersey City, NJ 07303 |
| | 391,104 Institutional Class shares (approximately 5.1% of the shares outstanding) | |
|
Value
Line Larger Companies Focused Fund |
| |||
| Charles Schwab & Co., Inc., 211 Main
Street, San Francisco, CA 94105 |
| |
1,114,211 Investor Class shares
(approximately 10.3% of the shares outstanding)
20,014
Institutional Class shares (approximately 5.7% of the shares
Outstanding) |
|
| National Financial Services Co., 499 Washington Blvd. Jersey City, NJ 07310 |
| |
1,027,753 Investor Class shares
(approximately 9.5% of the shares outstanding)
22,418
Institutional Class shares (approximately 6.4% of the shares outstanding)
|
|
| American Enterprise Investment Services 707 2nd Ave S Minneapolis, MN 55402 |
| | 103,837 Institutional Class shares (approximately 29.7% of the shares outstanding) | |
| LPL Financial Corp. 4707 Executive Dr. San Diego, CA 92121 |
| | 144,036 Institutional Class shares (approximately 41.2% of the shares outstanding) | |
| CAO VAN Pham Inc. Money Purchase Pension Plan 18356 Santa Joanana Fountain Valley, CA 92708 |
| | 22,726 Institutional Class shares (approximately 6.5% of the shares outstanding) | |
|
Value
Line Select Growth Fund |
| |||
| Charles Schwab & Co. Inc., 211 Main
Street, San Francisco, CA 94105 |
| | 2,168,858 Investor Class shares (approximately 19.0% of the shares outstanding) | |
| National Financial Services Co., 499 Washington Blvd. Jersey City, NJ 07310 | | | 1,721,215 Investor Class shares (approximately 15.1% of the shares outstanding) | |
| American Enterprise Investment Services
707 2nd Ave S. Minneapolis, MN 55402 |
| | 294,745 Institutional Class shares (approximately 51.6% of the shares outstanding) | |
| LPL Financial Corp. 4707 Executive Dr. San Diego, CA 92121 |
| | 153,012 Institutional Class shares (approximately 26.8% of the shares outstanding) | |
| Pershing LLC P.O. Box 2052 Jersey City, NJ 07303 |
| | 33,112 Institutional Class shares (approximately 5.8% of the shares outstanding) | |
|
Value
Line Asset Allocation Fund |
| |||
| Charles Schwab & Co. Inc., 211 Main Street, San Francisco, CA 94105 | | | 3,897,284 Investor Class shares
(approximately 41.3% of the shares outstanding) |
|
| Charles Schwab & Co. Inc., 101 Montgomery Street, San Francisco, CA 94104 | | | 2,176,736 Institutional Class shares
(approximately 16.3% of the shares outstanding) |
|
| National Financial Services LLC, 499 Washington Blvd., Jersey City, NJ 07310 | | | 2,259,263 Investor Class shares (approximately 24.0% of the shares outstanding) | |
| National Financial Services LLC, 499 Washington Blvd., Jersey City, NJ 07310 | | | 2,398,591 Institutional Class shares (approximately 17.9% of the shares outstanding) | |
| Ameriprise Advisor Services 707 2nd Ave, Minneapolis, MN 55402 | | | 2,837,532 Institutional Class shares (approximately 21.2% of the shares outstanding) | |
| LPL Financial Corp 4707 Executive Dr San Diego, CA 92121 |
| | 2,041,567 Institutional Class shares
(approximately 15.2% of the shares outstanding) |
|
| Wells Fargo Clearing Services 2801 Market Street St. Louis, MO 63103 |
| | 2,298,903 Institutional Class shares
(approximately 17.2% of the shares outstanding) |
|
| Pershing LLC, P.O. Box 2052 Jersey City, NJ 07303 |
| | 696,234 Investor Class shares
(approximately 7.4% of the shares outstanding) |
|
| Pershing LLC, P.O. Box 2052 Jersey City, NJ 07303 |
| | 993,711 Institutional Class shares
(approximately 7.4% of the shares outstanding) |
|
|
Value
Line Core Bond Fund |
| |||
| Charles Schwab & Co. Inc., 211 Main
Street, San Francisco, CA 94105 |
| | 240,194 Investor Class shares
(approximately 8.4% of the shares outstanding) |
|
Fund |
| |
Advisory Fee Rate as a % of Average Daily Net Assets |
| |
Advisory Fees Paid and/or Accrued to the Adviser for the fiscal years ended December 31: |
| |||||||||||||||
|
2021 |
| |
2022 |
| |
2023 |
| ||||||||||||||
Value Line Mid Cap Focused Fund | | | 0.68% in the first $100 million of the Fund’s average daily net assets and 0.63% on any additional assets. |
| | | $ | 3,049,831 | | | | | $ | 2,919,788 | | | | | $ | 5,393,874 | | |
Value Line Select Growth Fund |
| | 0.73% | | | | $ | 3,487,387 | | | | | $ | 2,848,213 | | | | | $ | 2,749,075 | | |
Value Line Larger Companies Focused Fund |
| | 0.72% | | | | $ | 2,963,591 | | | | | $ | 1,917,795 | | | | | $ | 1,875,010 | | |
Value Line Capital Appreciation Fund |
| | 0.68% in the first $100 million of the Fund’s average daily net assets and 0.63% on any additional assets. |
| | | $ | 4,745,560 | | | | | $ | 3,204,847 | | | | | $ | 2,639,514 | | |
Value Line Core Bond Fund | | | 0.31% | | | | $ | 180,148 | | | | | $ | 148,134 | | | | | $ | 123,931 | | |
| | | | | |
Advisory Fees Paid and/or Accrued to the Adviser for the fiscal years ended March 31: |
| |
9-Month Period Ended December 31, |
| | | | | | | ||||||||||||
|
2021 |
| |
2022 |
| |
2022 |
| |
2023 |
| |||||||||||||||||
Value Line Asset Allocation Fund | | | 0.64% on the first $750 million of the Fund’s average daily net assets and 0.59% on any additional assets. | | | | $ | 10,685,275 | | | | | $ | 10,788,128 | | | | | $ | 5,311,894 | | | | | $ | 5,918,578 | | |
Value Line Small Cap Opportunities Fund | | | 0.74% | | | | $ | 3,155,087 | | | | | $ | 3,744,753 | | | | | $ | 2,152,318 | | | | | $ | 3,250,784 | | |
| | |
Value Line Mid Cap Focused Fund |
| |
Value Line Capital Appreciation Fund |
| |
Value Line Larger Companies Focused Fund |
| |
Value Line Select Growth Fund |
| |
Value Line Core Bond Fund |
| |
Value Line Asset Allocation Fund |
| |
Value Line Small Cap Opportunities Fund |
| |||||||||||||||||||||
Gross income from securities lending
activities |
| | | $ | 122,065 | | | | | $ | 420,029 | | | | | $ | 20,464 | | | | | $ | 0 | | | | | $ | 28,362 | | | | | $ | 163,200 | | | | | $ | 72,988 | | |
Fees and/or compensation for securities
lending activities and related services |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Fees paid to securities lending agent
from revenue split |
| | | $ | 8,120 | | | | | $ | 84,106 | | | | | $ | 5,219 | | | | | $ | 0 | | | | | $ | 1,178 | | | | | | 7,992 | | | | | | 2,056 | | |
Fees paid for any cash collateral management services (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split. |
| | | | 706 | | | | | | 1,413 | | | | | | 72 | | | | | | 3 | | | | | | 180 | | | | | | 1,019 | | | | | | 471 | | |
Administrative fees not included in revenue split |
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Indemnification fees not included in revenue split |
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Rebate (paid to borrower)
|
| | | | 94,249 | | | | | | 138,109 | | | | | | 2,937 | | | | | | 0 | | | | | | 24,247 | | | | | | 135,579 | | | | | | 65,652 | | |
Other fees not included in revenue split (specify) |
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Aggregate fees/compensation for securities lending activities |
| | | $ | 103,088 | | | | | $ | 233,769 | | | | | $ | 8,287 | | | | | $ | 0 | | | | | $ | 25,610 | | | | | $ | 144,543 | | | | | $ | 68,189 | | |
Net Income from securities lending activities |
| | | $ | 18,990 | | | | | $ | 196,401 | | | | | $ | 12,236 | | | | | $ | 0 | | | | | $ | 2,757 | | | | | $ | 18,677 | | | | | $ | 4,809 | | |
Fund
|
| |
Portfolio Manager |
|
Value Line Small Cap Opportunities Fund | | | Stephen E. Grant has primary responsibility for the day-to-day management of the Fund’s portfolio. Mitchell Appel also serves as a portfolio manager of the Fund, providing oversight and support to Mr. Grant. | |
Value Line Mid Cap Focused Fund | | | Stephen E. Grant has primary responsibility for the day-to-day management of the Fund’s portfolio. Mitchell Appel also serves as a portfolio manager of the Fund, providing oversight and support to Mr. Grant. | |
Value Line Select Growth Fund | | | Stephen E. Grant has primary responsibility for the day-to-day management of the Fund’s portfolio. Mitchell Appel also serves as a portfolio manager of the Fund, providing oversight and support to Mr. Grant. | |
Value Line Larger Companies Focused Fund | | | Cindy Starke has primary responsibility for the day-to-day management of the Fund’s portfolio. Mitchell Appel also serves as a portfolio manager of the Fund, providing oversight and support to Ms. Starke. | |
Value Line Asset Allocation Fund | | | Stephen E. Grant has primary responsibility for the day-to-day management of the Fund’s equity Portfolio and allocation of the Fund’s assets; Liane Rosenberg and Ronald Deonarain have primary responsibility for the day-to-day management of the fixed income portion of the Fund’s portfolio. Mitchell Appel also serves as a portfolio manager of the Fund, providing oversight and support to the Fund’s investment team. | |
Value Line Capital Appreciation Fund | | | Cindy Starke has primary responsibility for the day-to-day management of the Fund’s equity portfolio and allocation of the Fund’s assets; Liane Rosenberg and Ronald Deonarain have primary responsibility for the day-to-day management of the fixed income portion of the Fund’s portfolio. Mitchell Appel also serves as a portfolio manager of the Fund, providing oversight and support to the Fund’s investment team. | |
Value Line Core Bond Fund | | | Liane Rosenberg and Ronald Deonarain have primary responsibility for the day-to-day management of the Fund’s portfolio. | |
| | |
Number of Funds |
| |
Total Assets |
| |||
Stephen E. Grant | | | | | 4 | | | |
$3.1
billion |
|
Liane Rosenberg | | | | | 3 | | | |
$1.4
billion |
|
Cindy Starke | | | | | 2 | | | |
$757
million |
|
Ronald Deonarain | | | | | 3 | | | |
$1.4
billion |
|
Mitchell Appel | | | | | 6 | | | |
$3.9
billion |
|
Name |
| |
Dollar Range of Equity Securities in Value Line Small Cap Opportunities Fund |
| |
Dollar Range of Equity Securities in Value Line Mid Cap Focused Fund |
| |
Dollar Range of Equity Securities in Value Line Select Growth Fund |
| |
Dollar Range of Equity Securities in Value Line Larger Companies Focused Fund |
|
Cindy Starke | | |
$-0- |
| |
$-0-
|
| |
$-0- |
| |
$1 – $10,000 |
|
Stephen E. Grant |
| |
$-0- |
| |
$50,001 – $100,000 |
| |
$-0- |
| |
$-0- |
|
Mitchell Appel | | |
$10,001 – $50,000 |
| |
$50,001 – $100,000 |
| |
$10,001 – $50,000 |
| |
$10,001 – $50,000 |
|
Name |
| |
Dollar Range of Equity Securities in Value Line Asset Allocation Fund |
| |
Dollar Range of Equity Securities in Value Line Capital Appreciation Fund |
| |
Dollar Range of Equity Securities in Value Line Core Bond Fund |
|
Cindy Starke | | |
$-0- |
| |
$1 – $10,000 |
| |
$-0- |
|
Stephen E. Grant | | |
$50,001 – $100,000 |
| |
$-0- |
| |
$-0- |
|
Mitchell Appel | | |
$10,001 – $50,000 |
| |
$10,001 – $50,000 |
| |
$10,001 – $50,000 |
|
| | |
Net
Fees Paid to the Distributor |
| |
Fees
Paid by the Distributor to other Broker-Dealers |
| |
Advertising and Marketing Expenses Paid by the Distributor |
| |||||||||
Value Line Small Cap Opportunities Fund | | | | $ | 740,432 | | | | | $ | 783,148 | | | | | $ | 216,409 | | |
Value Line Mid Cap Focused Fund | | | | $ | 834,407 | | | | | $ | 561,090 | | | | | $ | 325,550 | | |
Value Line Select Growth Fund | | | | $ | 903,559 | | | | | $ | 487,395 | | | | | $ | 201,075 | | |
Value Line Larger Companies Focused Fund
|
| | | $ | 633,495 | | | | | $ | 158,264 | | | | | $ | 181,013 | | |
Value Line Asset Allocation Fund | | | | $ | 934,434 | | | | | $ | 939,617 | | | | | $ | 369,062 | | |
Value Line Capital Appreciation Fund | | | | $ | 791,130 | | | | | $ | 521,684 | | | | | $ | 239,654 | | |
Value Line Core Bond Fund | | | | $ | -0- | | | | | $ | 22,707 | | | | | $ | 8,557 | | |
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Brokerage Commissions Paid During the Fiscal Years Ended December 31: |
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2023 |
| |
2022 |
| |
2021 |
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Value Line Mid Cap Focused Fund | | | | $ | 17,375 | | | | | $ | 9,261 | | | | | $ | 2,970 | | |
Value Line Select Growth Fund | | | | $ | 4,863 | | | | | $ | 4,790 | | | | | $ | 3,474 | | |
Value Line Larger Companies Focused Fund | | | | $ | 18,307 | | | | | $ | 44,971 | | | | | $ | 23,260 | | |
Value Line Capital Appreciation Fund | | | | $ | 34,066 | | | | | $ | 59,939 | | | | | $ | 44,147 | | |
Value Line Core Bond Fund | | | | $ | -0- | | | | | $ | -0- | | | | | $ | -0- | | |
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Brokerage Commissions Paid During the Fiscal Years Ended December 31, |
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Brokerage Commissions Paid During the Fiscal Year Ended March 31: |
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2023 |
| |
2022 |
| |
2022 |
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Value Line Asset Allocation Fund | | | | $ | 10,303 | | | | | $ | 18,178 | | | | | $ | 12,678 | | |
Value Line Small Cap Opportunities Fund | | | | $ | 13,324 | | | | | $ | 9,894 | | | | | $ | 4,409 | | |