Value LineVLIFX

Morningstar Rating

Fund Research and Analysis

by Ryan Leggio

Value Line's regulatory troubles are the nail in the coffin.

On Nov. 4, 2009, Value Line, Inc. this fund's investment advisor, announced it had settled a previously disclosed SEC investigation begun in 2005 for nearly $45 million dollars without admitting Read more

Kudos

Exposure to many firm sizes adds diversification. Read more

Risks

Expenses are too high given the fund's low-cost quantitative strategy.

The fund is prone to style drift and sector concentration because it follows its model wherever it leads.

The fund's model gravitates toward pricey holdings.

Events surrounding SEC settlement are troubling. Read more

Strategy

The fund's strategy is centered on the Value Line Timeliness Ranking System, which rewards price and earnings momentum as well as reasonable valuations. Until recently, the managers usually bought stocks Read more

Management

Stephen Grant, manager of Value Line Emerging Opportunities VLEOX, took over here in April 2009. He replaces Bradley Brooks, who managed this fund since 2005. Because of the limitations of its quantitative strategy, management has little effect on the Read more

Inside Scoop

This fund depends principally on the Value Line stock-rating system. Previous managers had lots of leeway over the portfolio, but now only the highest-rated stocks are included. Read more

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