NEW YORK, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Value Line Funds, one of America’s oldest mutual fund companies, announced that all six of their equity and hybrid mutual funds received a 4 or 5 star overall rating as of June 30, 2017 from Morningstar, the industry’s leading mutual fund rating service. In addition, the Value Line Income and Growth Fund was added to the most recent Fund Picks from Fidelity® list, joining the Value Line Small Cap Opportunities Fund. The “Fund Picks” list includes many of the most highly ranked funds for risk-adjusted returns among the mutual funds available to investors on the Fidelity platform.
“We are delighted that Value Line Funds continues to receive recognition from the mutual fund industry and by various national publications including The Wall Street Journal through its “Category Kings” listings and other financial publications such as Investor’s Business Daily,” said Mitchell Appel, President of Value Line Funds. “Not only are we seeing our leading funds with 4 and 5 stars capture a record number of new shareholders, but our “focused” growth strategies in large-cap and mid-cap categories are having success in providing differentiated opportunities for investors looking for outperformance in those categories. We believe these performance-oriented “Best Ideas” strategies are excellent complements to core portfolios and standout among the crowded field of competing funds.”
“Value Line Funds have wide acceptance in the Financial Advisor channel as thousands of Advisors use the funds for a portion of their clients’ asset allocations,” stated Thomas Sarkany, Director of Marketing of Value Line Funds. “In fact, our Advisor base has more than doubled in the past five years as a substantial number of Advisors have embraced our funds and, particular, our lower cost Institutional shares for their fee-based accounts. With a heritage that traces its roots back to 1950, Value Line Funds stands committed to offering quality products that meet the needs of today’s investor and the evolving investment climate. We believe that our time-tested, actively managed portfolios will continue to draw the attention of the Advisor channel and propel Value Line Funds to achieve more record growth.”
About Value Line Funds
In 1950, Value Line started its first mutual fund. Since then, knowledgeable investors have been relying on the Value Line Funds to help them build their financial futures. Over the years, Value Line Funds has evolved into what it is today — a diversified family of mutual funds with a wide range of investment objectives, available directly to investors or through brokerage firms or financial advisors.
Our family of mutual funds is designed to help investors meet investment goals and includes a variety of equity, fixed income, alternative and hybrid funds. We recognize that great mutual funds are the ones that have the ability to outperform, whether in bull or bear markets. Our seasoned investment team brings decades of experience to the Value Line Funds and utilize advanced analytics that include the venerable Value Line Research and Ranking Systems.
Proprietary Value Line research includes the predictive Ranking Systems for both Timeliness™ and Safety™. The Timeliness ranking system represents an “at-a-glance” forecast of the near-term (6-12 months) relative price movements for a far-reaching universe of U.S. stocks. Timeliness rankings are further refined by the dependable Safety and Technical rankings, which are designed to measure volatility and short-term statistical signals, respectively.
For more information about Value Line Funds, please call your financial advisor or contact the Value Line Funds at 800-243-2729. Visit www.vlfunds.com for information on how to open an account, learn more about any of our funds and view past performance.
Past performance is no guarantee of future results.
You should carefully consider investment objectives, risks, charges and expenses of Value Line Mutual 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.
There are risks associated with investing in small and mid cap cap stocks, which tend to be more volatile and less liquid than stocks of large companies, including the risk of price fluctuations.
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.
The inception dates of Value Line Mutual Funds range from 1950 to 2016. Value Line Mutual Funds are distributed by EULAV Securities LLC.
Value Line, Value Line Logo, Timeliness, Safety are trademarks or registered trademarks of Value Line Inc. and/or its affiliates in the United States and other countries. Used by permission.