Value Line Asset AllocationVLAAX

Morningstar Rating

Fund Research and Analysis

by Ryan Leggio

Value Line Asset Allocation's regulatory troubles are just another reason to stay away.

On September 11, 2009, Value Line, Inc., this fund's investment advisor, announced an approximately $48 million reserve because of an offer it has made to settle Read more

Kudos

Experienced manager has run the fund since inception.

Above-average long-term performance. Read more

Risks

Events surrounding SEC investigation are troubling.

The stock portion's pronounced growth bias adds risk.

Asset allocation can vary largely, and this fund can lag over long periods.

The fund invests mostly in small- and mid-cap stocks, likely making it more volatile than its typical peer.

Higher-than-median expense ratio. Read more

Strategy

Manager Steve Grant relies on a quantitative macroeconomic model that assesses a dozen different economic factors (such as interest rates and price levels) to divvy the fund's assets among stocks, bonds, Read more

Management

Steve Grant has managed the fund since its inception in August 1993. He has also managed Value Line Premier Growth VALSX since 1996 and Value Line Emerging Opportunities VLEOX since mid-1998. Jeff Geffen of Value Line U.S. Government Securities VALBX Read more

Inside Scoop

This fund is more aggressive than the typical hybrid fund, parking most of its large equity stake in mid-cap growth stocks. Quantitative models play a major part in both Read more

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