0001188112-13-001307.txt : 20130501 0001188112-13-001307.hdr.sgml : 20130501 20130501114409 ACCESSION NUMBER: 0001188112-13-001307 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130501 DATE AS OF CHANGE: 20130501 EFFECTIVENESS DATE: 20130501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALUE LINE FUND INC CENTRAL INDEX KEY: 0000102756 IRS NUMBER: 133139843 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-02265 FILM NUMBER: 13801357 BUSINESS ADDRESS: STREET 1: 7 TIMES SQUARE CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212 907-1900 MAIL ADDRESS: STREET 1: 7 TIMES SQUARE CITY: NEW YORK STATE: NY ZIP: 10036 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALUE LINE FUND INC CENTRAL INDEX KEY: 0000102756 IRS NUMBER: 133139843 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-10827 FILM NUMBER: 13801358 BUSINESS ADDRESS: STREET 1: 7 TIMES SQUARE CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212 907-1900 MAIL ADDRESS: STREET 1: 7 TIMES SQUARE CITY: NEW YORK STATE: NY ZIP: 10036 0000102756 S000007570 VALUE LINE FUND INC C000020635 VALUE LINE FUND INC VLIFX 485BPOS 1 t75771a_485bpos.htm (POST EFFECTIVE AMENDMENT) t75771a_485bpos.htm
As filed with the Securities and Exchange Commission on May 1 , 201 3
  File No. 2-10827
File No. 811-02265


SECURITIES AND EXCHANGE COMMISSION
 
Washington, DC 20549
 
       
   
FORM N-1A
 
   
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
x
Pre-Effective Amendment No.
o
Post-Effective Amendment No. 103
x
and/or
 
REGISTRATION STATEMENT UNDER THE
 
INVESTMENT COMPANY ACT OF 1940
x
Amendment No. 103
x
       
   
The Value Line Fund, Inc.
 
(Exact Name of Registrant as Specified in Charter)
 
   
7 Times Square, 21st floor,
 
New York, New York 10036-6524
 
(Address of Principal Executive Offices) (Zip Code)
 
   
Registrant’s Telephone Number, Including Area Code: (212) 907-1900
 
   
Mitchell Appel
 
The Value Line Fund, Inc.
 
7 Times Square, 21st floor,
 
New York, New York 10036-6524
 
(Name and Address of Agent for Service)
 
   
Copy to:
 
Peter D. Lowenstein, Esq.
 
496 Valley Road
 
Cos Cob, CT 06807
 
 
It is proposed that this filing will become effective (check appropriate box)
x
immediately upon filing pursuant to paragraph (b)
o
on (date) pursuant to paragraph (b)
o
60 days after filing pursuant to paragraph (a)(1)
o
75 days after filing pursuant to paragraph (a)(2)
o
on (date) pursuant to paragraph (a)(1)
o
on (date) pursuant to paragraph (a)(2) of Rule 485
 


 
 

 
 
SIGNATURES
 
          Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, and State of New York, on the 1st day of May , 201 3 .

 
THE VALUE LINE FUND, INC.
   
 
By:
/s/ Mitchell E. Appel
   
Mitchell E. Appel, President and Chief Executive Officer
 
          Pursuant to the requirements of the Securities Act of 1933, this Amendment has been signed below by the following persons in the capacities and on the dates indicated.
 
 
Signatures
 
Title
 
Date
           
 
*Joyce E. Heinzerling
 
Director
 
May 1 , 201 3
 
(Joyce E. Heinzerling)
       
           
 
*Francis C. Oakley
 
Director
 
May 1 , 201 3
 
(Francis C. Oakley)
       
           
 
*David H. Porter
 
Director
 
May 1 , 201 3
 
(David H. Porter)
       
           
 
*Paul Craig Roberts
 
Director
 
May 1 , 201 3
 
(Paul Craig Roberts)
       
           
 
*Nancy-Beth Sheerr
 
Director
 
May 1 , 201 3
 
(Nancy-Beth Sheerr)
       
           
 
*Daniel S. Vandivort
 
Director
 
May 1 , 201 3
 
(Daniel S. Vandivort)
       
           
 
/s/ Mitchell E. Appel
 
Director, President and Chief Executive Officer (Principal Executive Officer)
 
May 1 , 201 3
 
(Mitchell E. Appel)
     
           
 
/s/ Emily D. Washington
 
Treasurer; Principal Financial and Accounting Officer; Secretary
 
May 1 , 201 3
 
(Emily D. Washington)
     

*By:
/s/ Mitchell E. Appel
 
 
(Mitchell E. Appel, Attorney-In-Fact)
 
 
   
*
Pursuant to Power of Attorney filed as an exhibit to Post-Effective Amendment No. 98, and incorporated herein by reference.
 
 
 

 
 
EXHIBIT INDEX
 
Exhibit No.
 
Exhibit
EX-101.INS
 
XBRL INSTANCE DOCUMENT
EX-101.SCH
 
XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
EX-101.CAL
 
XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
EX-101.DEF
 
XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
EX-101.LAB
 
XBRL TAXONOMY EXTENSION LABELS LINKBASE
EX-101.PRE
 
XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
EX-101.INS 2 vlifx-20130501.xml XBRL INSTANCE DOCUMENT 0000102756 2013-05-01 2013-05-01 0000102756 vlifx:S000007570Member vlifx:C000020635Member 2013-05-01 2013-05-01 0000102756 vlifx:S000007570Member vlifx:C000020635Member rr:AfterTaxesOnDistributionsMember 2013-05-01 2013-05-01 0000102756 vlifx:S000007570Member vlifx:C000020635Member rr:AfterTaxesOnDistributionsAndSalesMember 2013-05-01 2013-05-01 0000102756 vlifx:S000007570Member vlifx:SP500IndexMember 2013-05-01 2013-05-01 0000102756 vlifx:S000007570Member 2013-05-01 2013-05-01 xbrli:pure iso4217:USD <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: times new roman,times;" size="2"><i><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Value Line Fund, Inc.</font></i></font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; color: #000000; font-size: 10pt; font-weight: bold;">Investment objectives</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;; font-family:times new roman,times" size="2">The Fund&#8217;s primary investment objective is long-term growth of capital.</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; color: #000000; font-size: 10pt; font-weight: bold;">Fees and expenses</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. There are no shareholder fees (fees paid directly from your investment).</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</font></div> <div style='display: none;'> ~ http://www.vlfunds.com/role/ScheduleAnnualFundOperatingExpensesVALUELINEFUNDINC column dei_LegalEntityAxis compact vlifx_S000007570Member row primary compact * ~ </div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Example</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated whether or not you redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same except in year one. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></div> <div style='display: none;'> ~ http://www.vlfunds.com/role/ScheduleExpenseExampleVALUELINEFUNDINCTransposed column dei_LegalEntityAxis compact vlifx_S000007570Member row primary compact * ~ </div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Portfolio turnover</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year the Fund&#8217;s portfolio turnover rate was 6% of the average value of its portfolio.</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; color: #000000; font-size: 10pt; font-weight: bold;">Principal investment strategies of the Fund</font></div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;">To achieve the Fund&#8217;s investment objectives, EULAV Asset Management (the &#8220;Adviser&#8221;) invests substantially all of the Fund&#8217;s net assets in common stocks. While the Fund is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness&#8482; Ranking System (the &#8220;Ranking System&#8221;) in selecting securities for purchase or sale. The Ranking System is a proprietary quantitative system that compares an estimate of the probable market performance of each stock within a universe during the next six to twelve months to that of all stocks within that universe and ranks stocks on a scale of 1 (highest) to 5 (lowest). The universe followed by the Ranking System consists of stocks of approximately 1,700 companies accounting for approximately 95% of the market capitalization of all stocks traded on the U.S. securities exchanges. All the stocks followed by the Ranking System are listed on U.S. stock exchanges or traded in the U.S. over-the-counter markets. The Fund&#8217;s investments principally are selected from common stocks ranked 1, 2 or 3 by the Ranking System at the time of purchase. Apart from the diversification requirements of the Investment Company Act of 1940 (the &#8220;1940 Act&#8221;) applicable to diversified funds (which generally means that it will not invest more than 5% of its total assets in the stocks of any one company), the Fund is not subject to any limit on the percentage of its assets that may be invested in any particular stock. Because the Adviser relies on the Ranking System in managing the Fund&#8217;s portfolio, the Fund is not limited to investments according to a company&#8217;s size.</font></div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;"></font>&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;">The Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses or redeploy assets into more promising opportunities.</font></div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;"></font></font>&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;">As described above, the Adviser relies primarily on the rankings of companies by the Ranking System in selecting stocks for the Fund, but has discretion, including whether and which ranked stocks to include within the Fund&#8217;s portfolio, whether and when to buy or sell stocks based upon changes in their rankings, and the frequency and timing of rebalancing the Fund&#8217;s portfolio. The Adviser will determine the percentage of the Fund&#8217;s assets invested in each stock based on the stock&#8217;s relative attractiveness.</font></div> </div> </div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">&#160;</div> <table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="72%" colspan="2"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; color: #000000; font-size: 10pt; font-weight: bold;">Principal risks of investing in the Fund</font></div> </td> </tr> </table> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">Investing in any mutual fund involves risk, including the risk that you may receive little or no return on your investment, and that you may lose part or all of your investment. Therefore, before you invest in this Fund you should carefully evaluate the risks.</font></div> <div>&#160;</div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">The chief risk that you assume when investing in the Fund is market risk, which is the possibility that the securities in a certain market will decline in value because of factors such as economic conditions. Market risk may affect a single issuer, an industry, a sector of the economy or the market as a whole.</font></div> <div>&#160;</div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">Because the Fund is actively managed, its investment return depends on the ability of the Adviser to manage its portfolio successfully. The Adviser&#8217;s investment strategies may not be able to produce the desired results.</font></div> <div>&#160;</div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">The Fund&#8217;s annual portfolio turnover rate has exceeded 100% in two of the last five years. A rate of portfolio turnover of 100% would occur if all of the Fund&#8217;s portfolio were replaced in a period of one year. To the extent the Fund engages in short-term trading in attempting to achieve its investment objective, it will increase the Fund&#8217;s portfolio turnover rate and the Fund will incur higher brokerage commissions and other expenses.</font></div> <div>&#160;</div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">An investment in the Fund is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. For a more complete discussion of risk, please turn to page 10.</font></div> <div>&#160;</div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">Because the Fund uses the Ranking System, there is the risk that securities not covered by the Ranking System or lower rated securities will appreciate to a greater extent than those securities in the Fund&#8217;s portfolio.</font></div> <div>&#160;</div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">The price of Fund shares will increase and decrease according to changes in the value of the Fund&#8217;s investments. The Fund will be affected by changes in stock prices, which have historically tended to fluctuate more than bond prices.</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; color: #000000; font-size: 10pt; font-weight: bold;"><a name="t75771a006v1">Fund performance</a></font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">This bar chart and table can help you evaluate the potential risks of investing in the Fund. The bar chart below shows how returns for the Fund&#8217;s shares have varied over the past ten calendar years, and the table below shows the average annual total returns (before and after taxes) of these shares for one, five, and ten years. These returns are compared to the performance of the S&amp;P 500<font style="display: inline; font-size: 70%; vertical-align: text-top; font-weight: normal;">&#174; </font>Index, which is a broad based market index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at: www.vlfunds.com.</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Total returns (before taxes) as of 12/31 each year (%)</font></div> <div style='display: none;'> ~ http://www.vlfunds.com/role/Barchartscheduleannualtotalreturnsvaluelinefundinc column dei_LegalEntityAxis compact vlifx_S000007570Member row primary compact * ~ </div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> <table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="11%" colspan="2"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Best Quarter:</font></div> </td> <td align="left" valign="top" width="8%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Q4 2004</font></div> </td> <td align="left" valign="top" width="62%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">+13.28</font></div> </td> </tr> <tr> <td align="left" valign="top" width="11%" colspan="2"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Worst Quarter:</font></div> </td> <td align="left" valign="top" width="8%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Q4 2008</font></div> </td> <td align="left" valign="top" width="62%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">&#8211;27.78</font><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"></font></div> </td> </tr> </table> </div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;"></font>&#160;</div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: normal; display: inline;">After-tax returns in the table below are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"><font style="font-weight: bold;">Average Annual Total Returns for the Periods Ended December 31, 2012</font></font></div> <div style='display: none;'> ~ http://www.vlfunds.com/role/ScheduleAverageAnnualTotalReturnsVALUELINEFUNDINCTransposed column dei_LegalEntityAxis compact vlifx_S000007570Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> 0.0069 0.0025 0.0034 0.0128 -0.0025 0.0103 105 381 678 1523 0.1628 0.1209 0.1040 0.0400 0.1950 -0.4928 0.0949 0.2555 0.0575 0.1460 <div><i><font style="font-family: times new roman,times;" size="2">Return before taxes</font></i></div> <div><i><font style="font-family: times new roman,times;" size="2">Return after taxes on distributions</font></i></div> <div><i><font style="font-family: times new roman,times;" size="2">Return after taxes on distributions and sale of Fund shares</font></i></div> <div><font style="font-family: times new roman,times;" size="2"><b>S&amp;P 500&#174; Index (reflects no deduction for fees, expenses or taxes)</b></font></div> 0.1460 0.1460 0.0949 0.1600 -0.0331 -0.0351 -0.0289 0.0166 0.0421 0.0265 0.0307 0.0710 485BPOS 2012-12-31 VALUE LINE FUND INC 0000102756 false VLIFX 2013-05-01 2013-05-01 2013-05-01 0.06 <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">To achieve the Fund&#8217;s investment objectives, EULAV Asset Management (the &#8220;Adviser&#8221;) invests substantially all of the Fund&#8217;s net assets in common stocks. While the Fund is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness&#8482; Ranking System (the &#8220;Ranking System&#8221;) in selecting securities for purchase or sale. The Ranking System is a proprietary quantitative system that compares an estimate of the probable market performance of each stock within a universe during the next six to twelve months to that of all stocks within that universe and ranks stocks on a scale of 1 (highest) to 5 (lowest). The universe followed by the Ranking System consists of stocks of approximately 1,700 companies accounting for approximately 95% of the market capitalization of all stocks traded on the U.S. securities exchanges. All the stocks followed by the Ranking System are listed on U.S. stock exchanges or traded in the U.S. over-the-counter markets. The Fund&#8217;s investments principally are selected from common stocks ranked 1, 2 or 3 by the Ranking System at the time of purchase.</font></div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">Investing in any mutual fund involves risk, including the risk that you may receive little or no return on your investment, and that you may lose part or all of your investment. </font></div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">An investment in the Fund is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. </font></div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">This bar chart and table can help you evaluate the potential risks of investing in the Fund. The bar chart below shows how returns for the Fund&#8217;s shares have varied over the past ten calendar years, and the table below shows the average annual total returns (before and after taxes) of these shares for one, five, and ten years.</font></div> <div>www.vlfunds.com</div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future.</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Best Quarter:</font></div> 2004-12-31 0.1328 <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Worst Quarter:</font></div> 2008-12-31 -0.2778 <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">After-tax returns in the table below are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </font></div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;">Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font></div> Effective May 1, 2013 through June 30, 2014, EULAV Securities LLC (the "Distributor") has contractually agreed to waive all of the Fund's 12b-1 fee in an amount equal to 0.25% of the Fund's average daily net assets. There is no assurance that the Distributor will extend the fee waiver beyond June 30, 2014. The waiver cannot be modified or terminated before June 30, 2014 without the approval of the Fund's Board of Directors. <div><font size="2" style="font-family:times new roman,times">Current income is a secondary investment objective.</font></div> <div><font size="2" style="font-family:times new roman,times"><strong>(reflects no deduction for fees, expenses or taxes)</strong></font></div> EX-101.SCH 3 vlifx-20130501.xsd XBRL TAXONOMY EXTENSION SCHEMA 000010 - Document - Risk/Return Summary {Unlabeled} link:presentationLink link:definitionLink link:calculationLink 000020 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 000030 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 000040 - Schedule - Annual Total Returns VALUE LINE FUND INC link:presentationLink link:definitionLink link:calculationLink 000050 - Schedule - Average Annual Total Returns {Transposed} 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2012
Registrant Name dei_EntityRegistrantName VALUE LINE FUND INC
Central Index Key dei_EntityCentralIndexKey 0000102756
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate May 01, 2013
Document Effective Date dei_DocumentEffectiveDate May 01, 2013
Prospectus Date rr_ProspectusDate May 01, 2013
VALUE LINE FUND INC
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
The Value Line Fund, Inc.
Objective [Heading] rr_ObjectiveHeading
Investment objectives
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
The Fund’s primary investment objective is long-term growth of capital.
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock
Current income is a secondary investment objective.
Expense [Heading] rr_ExpenseHeading
Fees and expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. There are no shareholder fees (fees paid directly from your investment).
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading
Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year the Fund’s portfolio turnover rate was 6% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 6.00%
Expense Example [Heading] rr_ExpenseExampleHeading
Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated whether or not you redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same except in year one. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading
Principal investment strategies of the Fund
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
To achieve the Fund’s investment objectives, EULAV Asset Management (the “Adviser”) invests substantially all of the Fund’s net assets in common stocks. While the Fund is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness™ Ranking System (the “Ranking System”) in selecting securities for purchase or sale. The Ranking System is a proprietary quantitative system that compares an estimate of the probable market performance of each stock within a universe during the next six to twelve months to that of all stocks within that universe and ranks stocks on a scale of 1 (highest) to 5 (lowest). The universe followed by the Ranking System consists of stocks of approximately 1,700 companies accounting for approximately 95% of the market capitalization of all stocks traded on the U.S. securities exchanges. All the stocks followed by the Ranking System are listed on U.S. stock exchanges or traded in the U.S. over-the-counter markets. The Fund’s investments principally are selected from common stocks ranked 1, 2 or 3 by the Ranking System at the time of purchase. Apart from the diversification requirements of the Investment Company Act of 1940 (the “1940 Act”) applicable to diversified funds (which generally means that it will not invest more than 5% of its total assets in the stocks of any one company), the Fund is not subject to any limit on the percentage of its assets that may be invested in any particular stock. Because the Adviser relies on the Ranking System in managing the Fund’s portfolio, the Fund is not limited to investments according to a company’s size.
 
The Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses or redeploy assets into more promising opportunities.
 
As described above, the Adviser relies primarily on the rankings of companies by the Ranking System in selecting stocks for the Fund, but has discretion, including whether and which ranked stocks to include within the Fund’s portfolio, whether and when to buy or sell stocks based upon changes in their rankings, and the frequency and timing of rebalancing the Fund’s portfolio. The Adviser will determine the percentage of the Fund’s assets invested in each stock based on the stock’s relative attractiveness.
 
Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration
To achieve the Fund’s investment objectives, EULAV Asset Management (the “Adviser”) invests substantially all of the Fund’s net assets in common stocks. While the Fund is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness™ Ranking System (the “Ranking System”) in selecting securities for purchase or sale. The Ranking System is a proprietary quantitative system that compares an estimate of the probable market performance of each stock within a universe during the next six to twelve months to that of all stocks within that universe and ranks stocks on a scale of 1 (highest) to 5 (lowest). The universe followed by the Ranking System consists of stocks of approximately 1,700 companies accounting for approximately 95% of the market capitalization of all stocks traded on the U.S. securities exchanges. All the stocks followed by the Ranking System are listed on U.S. stock exchanges or traded in the U.S. over-the-counter markets. The Fund’s investments principally are selected from common stocks ranked 1, 2 or 3 by the Ranking System at the time of purchase.
Risk [Heading] rr_RiskHeading
Principal risks of investing in the Fund
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
Investing in any mutual fund involves risk, including the risk that you may receive little or no return on your investment, and that you may lose part or all of your investment. Therefore, before you invest in this Fund you should carefully evaluate the risks.
 
The chief risk that you assume when investing in the Fund is market risk, which is the possibility that the securities in a certain market will decline in value because of factors such as economic conditions. Market risk may affect a single issuer, an industry, a sector of the economy or the market as a whole.
 
Because the Fund is actively managed, its investment return depends on the ability of the Adviser to manage its portfolio successfully. The Adviser’s investment strategies may not be able to produce the desired results.
 
The Fund’s annual portfolio turnover rate has exceeded 100% in two of the last five years. A rate of portfolio turnover of 100% would occur if all of the Fund’s portfolio were replaced in a period of one year. To the extent the Fund engages in short-term trading in attempting to achieve its investment objective, it will increase the Fund’s portfolio turnover rate and the Fund will incur higher brokerage commissions and other expenses.
 
An investment in the Fund is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. For a more complete discussion of risk, please turn to page 10.
 
Because the Fund uses the Ranking System, there is the risk that securities not covered by the Ranking System or lower rated securities will appreciate to a greater extent than those securities in the Fund’s portfolio.
 
The price of Fund shares will increase and decrease according to changes in the value of the Fund’s investments. The Fund will be affected by changes in stock prices, which have historically tended to fluctuate more than bond prices.
Risk Lose Money [Text] rr_RiskLoseMoney
Investing in any mutual fund involves risk, including the risk that you may receive little or no return on your investment, and that you may lose part or all of your investment.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution
An investment in the Fund is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
This bar chart and table can help you evaluate the potential risks of investing in the Fund. The bar chart below shows how returns for the Fund’s shares have varied over the past ten calendar years, and the table below shows the average annual total returns (before and after taxes) of these shares for one, five, and ten years. These returns are compared to the performance of the S&P 500® Index, which is a broad based market index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at: www.vlfunds.com.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns
This bar chart and table can help you evaluate the potential risks of investing in the Fund. The bar chart below shows how returns for the Fund’s shares have varied over the past ten calendar years, and the table below shows the average annual total returns (before and after taxes) of these shares for one, five, and ten years.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress
www.vlfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture
The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading
Total returns (before taxes) as of 12/31 each year (%)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:
Q4 2004
+13.28
Worst Quarter:
Q4 2008
–27.78
 
After-tax returns in the table below are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel
Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2004
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.28%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel
Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (27.78%)
Performance Table Heading rr_PerformanceTableHeading
Average Annual Total Returns for the Periods Ended December 31, 2012
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate
After-tax returns in the table below are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred
Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
VALUE LINE FUND INC | C000020635 VALUE LINE FUND INC
 
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VLIFX
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.34%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.28%
Less: 12b-1 Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.25%) [1]
Net Expenses rr_NetExpensesOverAssets 1.03%
1 year rr_ExpenseExampleYear01 105
3 years rr_ExpenseExampleYear03 381
5 years rr_ExpenseExampleYear05 678
10 years rr_ExpenseExampleYear10 1,523
2003 rr_AnnualReturn2003 16.28%
2004 rr_AnnualReturn2004 12.09%
2005 rr_AnnualReturn2005 10.40%
2006 rr_AnnualReturn2006 4.00%
2007 rr_AnnualReturn2007 19.50%
2008 rr_AnnualReturn2008 (49.28%)
2009 rr_AnnualReturn2009 9.49%
2010 rr_AnnualReturn2010 25.55%
2011 rr_AnnualReturn2011 5.75%
2012 rr_AnnualReturn2012 14.60%
Label rr_AverageAnnualReturnLabel
Return before taxes
1 year rr_AverageAnnualReturnYear01 14.60%
5 years rr_AverageAnnualReturnYear05 (3.31%)
10 years rr_AverageAnnualReturnYear10 4.21%
VALUE LINE FUND INC | After Taxes on Distributions | C000020635 VALUE LINE FUND INC
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Return after taxes on distributions
1 year rr_AverageAnnualReturnYear01 14.60%
5 years rr_AverageAnnualReturnYear05 (3.51%)
10 years rr_AverageAnnualReturnYear10 2.65%
VALUE LINE FUND INC | After Taxes on Distributions and Sales | C000020635 VALUE LINE FUND INC
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Return after taxes on distributions and sale of Fund shares
1 year rr_AverageAnnualReturnYear01 9.49%
5 years rr_AverageAnnualReturnYear05 (2.89%)
10 years rr_AverageAnnualReturnYear10 3.07%
VALUE LINE FUND INC | S&P 500® Index
 
Risk/Return: rr_RiskReturnAbstract  
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes
(reflects no deduction for fees, expenses or taxes)
Label rr_AverageAnnualReturnLabel
S&P 500® Index (reflects no deduction for fees, expenses or taxes)
1 year rr_AverageAnnualReturnYear01 16.00%
5 years rr_AverageAnnualReturnYear05 1.66%
10 years rr_AverageAnnualReturnYear10 7.10%
[1] Effective May 1, 2013 through June 30, 2014, EULAV Securities LLC (the "Distributor") has contractually agreed to waive all of the Fund's 12b-1 fee in an amount equal to 0.25% of the Fund's average daily net assets. There is no assurance that the Distributor will extend the fee waiver beyond June 30, 2014. The waiver cannot be modified or terminated before June 30, 2014 without the approval of the Fund's Board of Directors.

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VALUE LINE FUND INC
The Value Line Fund, Inc.
Investment objectives
The Fund’s primary investment objective is long-term growth of capital.
Current income is a secondary investment objective.
Fees and expenses
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. There are no shareholder fees (fees paid directly from your investment).
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
VALUE LINE FUND INC
C000020635 VALUE LINE FUND INC
Management Fees 0.69%
Distribution and Service (12b-1) Fees 0.25%
Other Expenses 0.34%
Total Annual Fund Operating Expenses 1.28%
Less: 12b-1 Fee Waiver [1] (0.25%)
Net Expenses 1.03%
[1] Effective May 1, 2013 through June 30, 2014, EULAV Securities LLC (the "Distributor") has contractually agreed to waive all of the Fund's 12b-1 fee in an amount equal to 0.25% of the Fund's average daily net assets. There is no assurance that the Distributor will extend the fee waiver beyond June 30, 2014. The waiver cannot be modified or terminated before June 30, 2014 without the approval of the Fund's Board of Directors.
Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated whether or not you redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same except in year one. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
1 year
3 years
5 years
10 years
VALUE LINE FUND INC C000020635 VALUE LINE FUND INC
105 381 678 1,523
Portfolio turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year the Fund’s portfolio turnover rate was 6% of the average value of its portfolio.
Principal investment strategies of the Fund
To achieve the Fund’s investment objectives, EULAV Asset Management (the “Adviser”) invests substantially all of the Fund’s net assets in common stocks. While the Fund is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness™ Ranking System (the “Ranking System”) in selecting securities for purchase or sale. The Ranking System is a proprietary quantitative system that compares an estimate of the probable market performance of each stock within a universe during the next six to twelve months to that of all stocks within that universe and ranks stocks on a scale of 1 (highest) to 5 (lowest). The universe followed by the Ranking System consists of stocks of approximately 1,700 companies accounting for approximately 95% of the market capitalization of all stocks traded on the U.S. securities exchanges. All the stocks followed by the Ranking System are listed on U.S. stock exchanges or traded in the U.S. over-the-counter markets. The Fund’s investments principally are selected from common stocks ranked 1, 2 or 3 by the Ranking System at the time of purchase. Apart from the diversification requirements of the Investment Company Act of 1940 (the “1940 Act”) applicable to diversified funds (which generally means that it will not invest more than 5% of its total assets in the stocks of any one company), the Fund is not subject to any limit on the percentage of its assets that may be invested in any particular stock. Because the Adviser relies on the Ranking System in managing the Fund’s portfolio, the Fund is not limited to investments according to a company’s size.
 
The Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses or redeploy assets into more promising opportunities.
 
As described above, the Adviser relies primarily on the rankings of companies by the Ranking System in selecting stocks for the Fund, but has discretion, including whether and which ranked stocks to include within the Fund’s portfolio, whether and when to buy or sell stocks based upon changes in their rankings, and the frequency and timing of rebalancing the Fund’s portfolio. The Adviser will determine the percentage of the Fund’s assets invested in each stock based on the stock’s relative attractiveness.
 
Principal risks of investing in the Fund
Investing in any mutual fund involves risk, including the risk that you may receive little or no return on your investment, and that you may lose part or all of your investment. Therefore, before you invest in this Fund you should carefully evaluate the risks.
 
The chief risk that you assume when investing in the Fund is market risk, which is the possibility that the securities in a certain market will decline in value because of factors such as economic conditions. Market risk may affect a single issuer, an industry, a sector of the economy or the market as a whole.
 
Because the Fund is actively managed, its investment return depends on the ability of the Adviser to manage its portfolio successfully. The Adviser’s investment strategies may not be able to produce the desired results.
 
The Fund’s annual portfolio turnover rate has exceeded 100% in two of the last five years. A rate of portfolio turnover of 100% would occur if all of the Fund’s portfolio were replaced in a period of one year. To the extent the Fund engages in short-term trading in attempting to achieve its investment objective, it will increase the Fund’s portfolio turnover rate and the Fund will incur higher brokerage commissions and other expenses.
 
An investment in the Fund is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. For a more complete discussion of risk, please turn to page 10.
 
Because the Fund uses the Ranking System, there is the risk that securities not covered by the Ranking System or lower rated securities will appreciate to a greater extent than those securities in the Fund’s portfolio.
 
The price of Fund shares will increase and decrease according to changes in the value of the Fund’s investments. The Fund will be affected by changes in stock prices, which have historically tended to fluctuate more than bond prices.
This bar chart and table can help you evaluate the potential risks of investing in the Fund. The bar chart below shows how returns for the Fund’s shares have varied over the past ten calendar years, and the table below shows the average annual total returns (before and after taxes) of these shares for one, five, and ten years. These returns are compared to the performance of the S&P 500® Index, which is a broad based market index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at: www.vlfunds.com.
Total returns (before taxes) as of 12/31 each year (%)
Bar Chart
Best Quarter:
Q4 2004
+13.28
Worst Quarter:
Q4 2008
–27.78
 
After-tax returns in the table below are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Average Annual Total Returns for the Periods Ended December 31, 2012
Average Annual Total Returns VALUE LINE FUND INC
Label
1 year
5 years
10 years
C000020635 VALUE LINE FUND INC
Return before taxes
14.60% (3.31%) 4.21%
C000020635 VALUE LINE FUND INC Return after taxes on distributions
Return after taxes on distributions
14.60% (3.51%) 2.65%
C000020635 VALUE LINE FUND INC Return after taxes on distributions and sale of Fund shares
Return after taxes on distributions and sale of Fund shares
9.49% (2.89%) 3.07%
S&P 500® Index
S&P 500® Index (reflects no deduction for fees, expenses or taxes)
16.00% 1.66% 7.10%