0001188112-13-001749.txt : 20130603 0001188112-13-001749.hdr.sgml : 20130603 20130603123923 ACCESSION NUMBER: 0001188112-13-001749 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130603 DATE AS OF CHANGE: 20130603 EFFECTIVENESS DATE: 20130603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Value Line Core Bond Fund CENTRAL INDEX KEY: 0000783316 IRS NUMBER: 136866048 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-01575 FILM NUMBER: 13887387 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 FORMER COMPANY: FORMER CONFORMED NAME: VALUE LINE AGGRESSIVE INCOME TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Value Line Core Bond Fund CENTRAL INDEX KEY: 0000783316 IRS NUMBER: 136866048 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04471 FILM NUMBER: 13887388 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 FORMER COMPANY: FORMER CONFORMED NAME: VALUE LINE AGGRESSIVE INCOME TRUST DATE OF NAME CHANGE: 19920703 0000783316 S000007530 VALUE LINE CORE BOND FUND C000020574 VALUE LINE CORE BOND FUND VAGIX 485BPOS 1 t76306a_485bpos.htm FORM N-1A (POST EFFECTIVE AMENDMENT NO. 33) t76306a_485bpos.htm

 
As filed with the Securities and Exchange Commission on  June 3 , 2013
 
File No. 33-01575
File No. 811-04471
 


UNITED STATES
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. 33
x
and/or
 
REGISTRATION STATEMENT UNDER THE
 
INVESTMENT COMPANY ACT OF 1940
x
Amendment No. 33
x
     
 
Value Line Core Bond Fund
(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 E. Appel
Value Line Core Bond Fund
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 3 rd day of  June 2013.
     
 
VALUE LINE CORE BOND FUND
   
 
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
 
Trustee
 
June 3 , 2013
   
  (Joyce E. Heinzerling)
       
             
   
*Francis C. Oakley
 
Trustee
 
June 3 , 2013
   
  (Francis C. Oakley)
       
             
   
*David H. Porter
 
Trustee
 
June 3 , 2013
   
  (David H. Porter)
       
             
   
*Paul Craig Roberts
 
Trustee
 
June 3 , 2013
   
  (Paul Craig Roberts)
       
             
   
*Nancy-Beth Sheerr
 
Trustee
 
June 3 , 2013
   
  (Nancy-Beth Sheerr)
       
             
   
*Daniel S. Vandivort
 
Trustee
 
June 3 , 2013
   
  (Daniel S. Vandivort)
       
             
   
/s/ Mitchell E. Appel
 
Trustee; President and Chief
 
June 3 , 2013
   
(Mitchell E. Appel)
 
Executive Officer (Principal
   
       
Executive Officer)
   
             
   
/s/ Emily D. Washington
 
Treasurer; Principal Financial
 
June 3 , 2013
   
(Emily D. Washington)
 
and Accounting Officer; Secretary
   
             
*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. 27, 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 vagix-20121231.xml XBRL INSTANCE DOCUMENT 0000783316 2013-06-01 2013-06-01 0000783316 vagix:S000007530Member vagix:C000020574Member 2013-06-01 2013-06-01 0000783316 vagix:S000007530Member 2013-06-01 2013-06-01 0000783316 vagix:S000007530Member vagix:BarclaysCapitalU.S.AggregateBondIndexMember 2013-06-01 2013-06-01 0000783316 vagix:S000007530Member vagix:BarclaysCapitalU.S.CorporateHigh-YieldBondIndexMember 2013-06-01 2013-06-01 0000783316 vagix:S000007530Member vagix:C000020574Member rr:AfterTaxesOnDistributionsMember 2013-06-01 2013-06-01 0000783316 vagix:S000007530Member vagix:C000020574Member rr:AfterTaxesOnDistributionsAndSalesMember 2013-06-01 2013-06-01 xbrli:pure iso4217:USD <div>Value Line Core Bond Fund</div> <div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="color: #000000; font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;"><a name="t76306a002_v2"><!--efplaceholder--></a><font style="font-weight: bold;">Investment objectives</font></font></div> </div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:andale mono,times" size="2">The investment objective of the Value Line Core Bond Fund (the &#8220;Fund&#8221;) is to maximize current income.</font></div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:andale mono,times" size="2">Capital appreciation is a secondary objective but only when consistent with the Fund&#8217;s primary objective.</font></div> <div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="color: #000000; font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;"><a name="t76306a003_v2"><!--efplaceholder--></a><font style="font-weight: bold;">Fees and expenses</font></font></div> </div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt;; font-family:andale mono,times" size="2">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><i><b><font style="font-family: times new roman,times;" size="2">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</font></b></i></div> <div style='display: none;'> ~ http://www.vlfunds.com/role/ScheduleAnnualFundOperatingExpensesValueLineCoreBondFund column dei_LegalEntityAxis compact vagix_S000007530Member row primary compact * ~ </div> <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-style: italic; font-weight: bold; display: inline;">Example</font></div> </div> <table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; background-color: #ffffff; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="72%" colspan="6"> <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-family:times new roman,times" size="2">This example is intended to help you compare the cost of investing in the Fund to 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> </td> </tr> </table> <div style='display: none;'> ~ http://www.vlfunds.com/role/ScheduleExpenseExampleValueLineCoreBondFundTransposed column dei_LegalEntityAxis compact vagix_S000007530Member row primary compact * ~ </div> <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-style: italic; font-weight: bold; display: inline;">Portfolio turnover</font></div> </div> <div><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">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&#160;103% of the average value of its portfolio.</font></div> <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-style: italic; font-weight: bold; display: inline;; font-family:times new roman,times" color="#905837"><a name="t76306a004_v2"><!--efplaceholder--></a><font style="color: #000000; font-family: times new roman; font-size: 10pt;" color="#905837" size="2">Principal investment strategies of the Fund</font></font></div> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13.63636302947998px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;"> <table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="100%"> <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-family:times new roman,times" size="2">The Fund invests primarily in a diversified portfolio of primarily investment grade bonds and other debt instruments. Sovereign debt, or securities issued or secured by non-U.S. governments, as well as securities issued by supranational agencies, may be held by the Fund, provided the investments are U.S. dollar-denominated.</font></div> </td> </tr> <tr> <td valign="top" width="100%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;; font-family:times new roman,times" size="2">&#160;</font></td> </tr> <tr> <td align="left" valign="top" width="100%"> <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-family:times new roman,times" size="2">Under normal circumstances, the Fund invests at least 80% of its assets in bonds and other debt instruments (&#8220;80% Policy&#8221;). The Fund&#8217;s 80% Policy may be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change. The Fund may invest in debt instruments of any type, including corporate bonds, securities issued or guaranteed by the U.S. government, its agencies or instrumentalities (U.S. government securities), mortgage-backed securities, asset-backed securities, and other fixed income securities.</font></div> </td> </tr> </table> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13.63636302947998px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; margin-left: 0pt; margin-right: 0pt;"> <div>&#160;</div> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13.63636302947998px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;"> <table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="100%"> <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-family:times new roman,times" size="2">The Fund invests principally in debt obligations issued or guaranteed by the U.S. government and by U.S. corporations. The U.S. government securities in which the Fund may invest include a variety of securities that are issued or guaranteed as to the payment of principal and interest by the U.S. government, and by various agencies or instrumentalities that have been established or sponsored by the U.S. government. The corporate debt obligations in which the Fund may invest include, but are not limited to, bonds, notes, debentures, and commercial paper of U.S. companies.</font></div> </td> </tr> <tr> <td valign="top" width="100%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;; font-family:times new roman,times" size="2">&#160;</font></td> </tr> <tr> <td align="left" valign="top" width="100%"> <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-family:times new roman,times" size="2">The Fund&#8217;s assets may also be invested in mortgage-backed securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, or by government-sponsored corporations. Other mortgage-backed securities in which the Fund may invest are issued by certain private, non-government entities. The Fund may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and leases.</font></div> </td> </tr> <tr> <td valign="top" width="100%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;; font-family:times new roman,times" size="2">&#160;</font></td> </tr> <tr> <td align="left" valign="top" width="100%"> <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-family:times new roman,times" size="2">The Adviser invests at least 80% of the Fund&#8217;s assets in debt securities that are investment grade at the time of purchase, but may invest up to 20% of the Fund&#8217;s assets in debt securities that are below investment grade (commonly called &#8220;high yield&#8221; or &#8220;junk&#8221; bonds). Investment grade debt securities are rated within the four highest grades by at least one major rating agency, such as Standard &amp; Poor&#8217;s (at least BBB-), Moody&#8217;s (at least Baa3) or Fitch (at least BBB-), or are determined by the Adviser to be of comparable credit quality. The Fund estimates that the average credit quality rating of Fund assets will be investment grade.</font></div> </td> </tr> <tr> <td valign="top" width="100%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;; font-family:times new roman,times" size="2">&#160;</font></td> </tr> <tr> <td align="left" valign="top" width="100%"> <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-family:times new roman,times" size="2">The Fund invests in debt securities of any maturity, and there is no limit on the Fund&#8217;s maximum average portfolio maturity. The Fund estimates that the weighted average maturity of its portfolio will range between three to fifteen years.</font></div> </td> </tr> <tr> <td valign="top" width="100%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;; font-family:times new roman,times" size="2">&#160;</font></td> </tr> <tr> <td align="left" valign="top" width="100%"> <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-family:times new roman,times" size="2">In deciding which securities to buy, hold or sell, the Adviser considers a number of factors, including the issuer&#8217;s creditworthiness, economic prospects and interest rate trends as well as the security&#8217;s credit rating.</font></div> </td> </tr> </table> </div> <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-style: italic; font-weight: bold; display: inline; ; font-family: times new roman,times;" color="#905837"><a name="t76306a005_v2"></a><font style="color: #000000; font-family: times new roman; font-size: 10pt;" color="#905837" size="2">Principal risks of investing in the Fund</font></font></div> </div> <table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td valign="top" width="2%"> <div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div align="center" 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-family: times new roman,times;" size="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;"><font style="display: inline; font-family: 'times new roman';">&#160;</font></font></font></div> </div> </td> <td align="left" valign="top" width="72%"> <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">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 price of Fund shares will increase and decrease according to changes in the value of the Fund&#8217;s investments. The other principal risks of investing in the Fund are:</font></div> </td> </tr> <tr> <td valign="top" width="2%"> <div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div align="center" 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-family: times new roman,times;" size="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;"><font style="display: inline; font-family: 'times new roman';">&#160;</font></font></font></div> </div> </td> <td align="left" valign="top" width="72%"> <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-family: times new roman,times;" size="2"><font style="font-family: 'times new roman'; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">&#160;</font></font></font></div> </td> </tr> <tr> <td valign="top" width="2%"> <div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div align="center" 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-family: times new roman,times;" size="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;"><font style="display: inline; font-family: 'times new roman';">&#160;<strong><em>&#9632; </em></strong></font></font></font></div> </div> </td> <td align="left" valign="top" width="72%"> <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-family: times new roman,times;" size="2"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Interest Rate&#160;and Reinvestment Risk.</font>&#160;As with most bond funds, the income on and&#160;market price&#160;of your shares in the Fund will fluctuate along with interest rates. When interest rates rise, the market prices of the debt securities the Fund owns usually decline&#160;but the Fund&#8217;s income tends to decline. Such decline follows quickly for most variable rate securities and eventually for fixed rate securities as the Fund must reinvest the proceeds it receives from existing investments (upon their maturity, prepayment, buy-back, call,&#160;etc.) at a lower rate of interest or return.&#160;When interest rates fall, the&#160;market&#160;prices of these securities usually increase. Generally, the market price of debt securities with longer&#160;durations or fixed rates of return&#160;will fluctuate more in response to changes in interest rates than the market price of shorter-term securities&#160;or&#160;variable rate debt securities, respectively.</font></div> </td> </tr> <tr> <td valign="top" width="2%"> <div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div align="center" 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-family: times new roman,times;" size="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;"><font style="display: inline; font-family: 'times new roman';">&#160;</font></font></font></div> </div> </td> <td align="left" valign="top" width="72%"> <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-family: times new roman,times;" size="2"><font style="font-family: 'times new roman'; font-size: 10pt;"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">&#160;</font></font></font></div> </td> </tr> <tr> <td valign="top" width="2%"> <div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div align="center" 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-family: times new roman,times;" size="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;"><font style="display: inline; font-family: 'times new roman';">&#160;<strong><em>&#9632; </em></strong></font></font></font></div> </div> </td> <td align="left" valign="top" width="72%"> <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-family: times new roman,times;" size="2"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Credit Risk.</font>&#160;Debt securities are also subject to credit risk. 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An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.</font></font></div> </td> </tr> <tr> <td valign="top" width="2%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; ; font-family: times new roman,times;" size="2">&#160;</font></td> <td valign="top" width="72%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; ; font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr> <td valign="top" width="2%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; ; font-family: times new roman,times;" size="2">&#160;</font></td> <td align="left" valign="top" width="72%"> <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-family: times new roman,times;" size="2">The Fund is not recommended for investors whose principal objective is long-term growth. For a more complete discussion of risk, please turn to page&#160;12.</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-style: italic; font-weight: bold; display: inline;; font-family:times new roman,times" color="#905837"><a name="t76306a006_v2"><!--efplaceholder--></a><font style="color: #000000; font-family: times new roman; font-size: 10pt;" color="#905837" size="2">Fund performance</font></font></div> </div> <div><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">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 compared to the performance of two broad-based market indices: the Barclays Capital U.S. Aggregate Bond Index and the Barclays Capital U.S. Corporate High-Yield Bond Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. Prior to December 10, 2012, the Fund was managed pursuant to a different investment strategy and its performance for periods prior to December 10, 2012 may be higher than that it may be able to achieve under its current investment strategy. Updated performance information is available at: www.vlfunds.com.</font></div> <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-style: italic; font-weight: bold; display: inline;">Total Returns (before taxes) as of 12/31 each year (%)</font></div> </div> <div style='display: none;'> ~ http://www.vlfunds.com/role/Scheduleannualtotalreturnsvaluelinecorebondfundbarchart column dei_LegalEntityAxis compact vagix_S000007530Member row primary compact * ~ </div> <div>&#160;</div> <table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; background-color: #ffffff; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="11%" colspan="8"><font style="font-family: times new roman,times;" size="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Best Quarter:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Q2 2009</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">+11.97%</font></font></td> </tr> <tr> <td align="left" valign="top" width="11%" colspan="8"><font style="font-family: times new roman,times;" size="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Worst Quarter:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Q4 2008</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">&#8211;16.73%</font></font></td> </tr> <tr> <td valign="top" width="11%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; ; font-family: times new roman,times;" size="2">&#160;</font></td> <td valign="top" width="8%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; ; font-family: times new roman,times;" size="2">&#160;</font></td> <td valign="top" width="61%" colspan="5"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; ; font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr> <td align="left" valign="top" width="80%" colspan="8"> <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-family: times new roman,times;" size="2">The Fund&#8217;s year-to-date return for the&#160;three&#160;months ended&#160;March 31, 2013, was&#160;0.38%.</font></div> </td> </tr> <tr> <td valign="top" width="80%" colspan="8"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; ; font-family: times new roman,times;" size="2">&#160;</font></td> </tr> <tr> <td align="left" valign="top" width="80%" colspan="8"> <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-family: times new roman,times;" size="2">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 (&#8220;IRA&#8221;).</font></div> </td> </tr> </table> <div><font size="2" style="font-family: times new roman,times;"><b><i>Average annual total returns for periods ended December 31, 2012<i></b></font></div> <div style='display: none;'> ~ http://www.vlfunds.com/role/ScheduleAverageAnnualTotalReturnsValueLineCoreBondFundTransposed column dei_LegalEntityAxis compact vagix_S000007530Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> 0.0050 0.0025 0.0087 0.0162 -0.0015 0.0147 150 496 867 1909 0.2545 0.1030 0.0180 0.0889 0.0365 -0.2155 0.4033 0.1064 0.0460 0.1134 <div>Return before taxes</div> <div>Return after taxes on distributions</div> <div>Return after taxes on distributions and sale of Fund shares</div> <div><font style="font-family: times new roman,times;">Barclays Capital U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)</font></div> <div><font style="color: #000000; font-family: 'times new roman';">Barclays Capital U.S. Corporate High-Yield Bond Index*</font>&#160;(reflects no deduction for fees, expenses or taxes)</div> 0.1134 0.0924 0.0732 0.0422 0.1581 0.0724 0.0493 0.0479 0.0594 0.1032 0.0847 0.0609 0.0589 0.0518 0.1061 485BPOS 2012-12-31 Value Line Core Bond Fund 0000783316 false VAGIX 2013-06-01 2013-06-01 2013-06-01 1.03 <table style="text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman'; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="72%" colspan="6"> <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;"><br class="apple-interchange-newline" />Under normal circumstances, the Fund invests at least 80% of its assets in bonds and other debt instruments (&#8220;80% Policy&#8221;).&#160;</font></div> </td> </tr> </table> <div><font style="font-family: times new roman,times;" size="2">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="font-family: times new roman,times;" size="2">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="font-family: times new roman,times;" size="2">&#160;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 compared to the performance of two broad-based market indices: the Barclays Capital U.S. Aggregate Bond Index and the Barclays Capital U.S. Corporate High-Yield Bond Index.</font></div> <div>www.vlfunds.com</div> <div><font style="font-family: times new roman,times;" size="2">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>Fund&#8217;s year-to-date return</div> 2013-03-31 0.0038 <div><b>Best Quarter:</b></div> 2009-06-30 0.1197 <div><b>Worst Quarter:</b></div> 2008-12-31 -0.1673 <div>(reflects no deduction for fees, expenses or taxes)</div> <div>(reflects no deduction for fees, expenses or taxes)</div> <div><font style="font-family: times new roman,times;" size="2">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="font-family: times new roman,times;" size="2">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 (&#8220;IRA&#8221;).</font></div> The expense information in the table has been restated to reflect the Fund's current management fee rate, effective February 1, 2013, as if in effect during the Fund's fiscal year ended January 1, 2013. In accordance with applicable requirements, "Other Expenses" do not include extraordinary expenses incurred by your Fund in connection with the reorganization of Value Line U.S. Government Securities Fund, Inc. into your Fund. Had such expenses been included in the table, "Other Expenses" would have been higher. The Adviser has contractually agreed to waive a portion of the Fund's management fee so that the management fee rate equals 0.40% of the Fund's average daily net assets. The Distributor has contractually agreed to waive a portion of the Fund's Rule 12b-1 fees in an amount equal to 0.05% of the Fund's average daily net assets. These waivers can be terminated or changed before June 30, 2014 only with the approval of the Fund's board and the Adviser or the Distributor, as applicable. The Barclays Capital U.S. Aggregate Bond Index replaced the Barclays Capital U.S. Corporate High-Yield Bond Index as the Fund's primary benchmark as of December 10, 2012 to reflect certain changes to the Fund's investment strategy. 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XML 9 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
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 Core Bond Fund
Central Index Key dei_EntityCentralIndexKey 0000783316
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Jun. 01, 2013
Document Effective Date dei_DocumentEffectiveDate Jun. 01, 2013
Prospectus Date rr_ProspectusDate Jun. 01, 2013
Value Line Core Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Value Line Core Bond Fund
Objective [Heading] rr_ObjectiveHeading
Investment objectives
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
The investment objective of the Value Line Core Bond Fund (the “Fund”) is to maximize current income.
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock
Capital appreciation is a secondary objective but only when consistent with the Fund’s primary 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 103% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 103.00%
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 to 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
The Fund invests primarily in a diversified portfolio of primarily investment grade bonds and other debt instruments. Sovereign debt, or securities issued or secured by non-U.S. governments, as well as securities issued by supranational agencies, may be held by the Fund, provided the investments are U.S. dollar-denominated.
 
Under normal circumstances, the Fund invests at least 80% of its assets in bonds and other debt instruments (“80% Policy”). The Fund’s 80% Policy may be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change. The Fund may invest in debt instruments of any type, including corporate bonds, securities issued or guaranteed by the U.S. government, its agencies or instrumentalities (U.S. government securities), mortgage-backed securities, asset-backed securities, and other fixed income securities.
 
The Fund invests principally in debt obligations issued or guaranteed by the U.S. government and by U.S. corporations. The U.S. government securities in which the Fund may invest include a variety of securities that are issued or guaranteed as to the payment of principal and interest by the U.S. government, and by various agencies or instrumentalities that have been established or sponsored by the U.S. government. The corporate debt obligations in which the Fund may invest include, but are not limited to, bonds, notes, debentures, and commercial paper of U.S. companies.
 
The Fund’s assets may also be invested in mortgage-backed securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, or by government-sponsored corporations. Other mortgage-backed securities in which the Fund may invest are issued by certain private, non-government entities. The Fund may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and leases.
 
The Adviser invests at least 80% of the Fund’s assets in debt securities that are investment grade at the time of purchase, but may invest up to 20% of the Fund’s assets in debt securities that are below investment grade (commonly called “high yield” or “junk” bonds). Investment grade debt securities are rated within the four highest grades by at least one major rating agency, such as Standard & Poor’s (at least BBB-), Moody’s (at least Baa3) or Fitch (at least BBB-), or are determined by the Adviser to be of comparable credit quality. The Fund estimates that the average credit quality rating of Fund assets will be investment grade.
 
The Fund invests in debt securities of any maturity, and there is no limit on the Fund’s maximum average portfolio maturity. The Fund estimates that the weighted average maturity of its portfolio will range between three to fifteen years.
 
In deciding which securities to buy, hold or sell, the Adviser considers a number of factors, including the issuer’s creditworthiness, economic prospects and interest rate trends as well as the security’s credit rating.
Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration

Under normal circumstances, the Fund invests at least 80% of its assets in bonds and other debt instruments (“80% Policy”). 
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 price of Fund shares will increase and decrease according to changes in the value of the Fund’s investments. The other principal risks of investing in the Fund are:
 
 
 
Interest Rate and Reinvestment Risk. As with most bond funds, the income on and market price of your shares in the Fund will fluctuate along with interest rates. When interest rates rise, the market prices of the debt securities the Fund owns usually decline but the Fund’s income tends to decline. Such decline follows quickly for most variable rate securities and eventually for fixed rate securities as the Fund must reinvest the proceeds it receives from existing investments (upon their maturity, prepayment, buy-back, call, etc.) at a lower rate of interest or return. When interest rates fall, the market prices of these securities usually increase. Generally, the market price of debt securities with longer durations or fixed rates of return will fluctuate more in response to changes in interest rates than the market price of shorter-term securities or variable rate debt securities, respectively.
 
 
 
Credit Risk. Debt securities are also subject to credit risk. Credit risk is the risk that the issuer of a debt security will be unable to make interest or principal payments on time. A debt security’s credit rating reflects the credit risk associated with the debt obligation. Generally, higher-rated debt securities involve lower credit risk than lower-rated debt securities. Credit risk is often higher for corporate, mortgage-backed, asset-backed and foreign government debt securities than for U.S. Government debt securities.
 
 
 
Below Investment Grade Credit. Below investment grade securities (commonly called “high yield” or “junk” bonds) are speculative and involve a greater risk of default and price change due to changes in the issuer’s creditworthiness or the risky nature of an investment for which limited or no resourse to the issuer is provided. The market prices of these debt securities usually fluctuate more than that of investment grade debt securities and may decline more significantly in periods of general economic difficulty.
 
 
  ■  
Mortgage-Backed/Asset-Backed Securities. Investing in mortgage-backed and asset-backed securities poses additional risks, principally with respect to increased interest rate risk, prepayment risk and extension risk.
 
 
 
Prepayment and Extension Risk. Many debt securities give the issuer the option to prepay principal prior to maturity. During periods of falling interest rates, prepayments may accelerate and the Fund may be forced to reinvest the proceeds at a lower interest rate. When interest rates rise, the term of a debt security is at greater risk of extension because rates of prepayments fall and rates of late payments and defaults rise. Extending the duration of a security “locks in” lower interest rates if the extension occurs in a rising interest rate environment.
 
 
 ■
Foreign Investments. Investing in foreign securities poses additional risks. The performance of foreign securities can be adversely affected by the different political, regulatory and economic environments in countries where the Fund invests, and fluctuations in foreign currency exchange rates may also adversely affect the value of foreign securities. In addition, emerging markets tend to be more volatile than the U.S. market or developed foreign markets.
   
Active Management. Because the Fund is actively managed, its investment return depends on the ability of the Adviser to manage its portfolio successfully. There can be no guarantee that the Adviser’s investment strategies will produce the desired results.
   
Not a Complete Investment Program. 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.
   
 
The Fund is not recommended for investors whose principal objective is long-term growth. For a more complete discussion of risk, please turn to page 12.
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
Fund performance
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 compared to the performance of two broad-based market indices: the Barclays Capital U.S. Aggregate Bond Index and the Barclays Capital U.S. Corporate High-Yield Bond Index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. Prior to December 10, 2012, the Fund was managed pursuant to a different investment strategy and its performance for periods prior to December 10, 2012 may be higher than that it may be able to achieve under its current investment strategy. 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 compared to the performance of two broad-based market indices: the Barclays Capital U.S. Aggregate Bond Index and the Barclays Capital U.S. Corporate High-Yield Bond Index.
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:            Q2 2009            +11.97%
Worst Quarter:         Q4 2008            –16.73%
     
The Fund’s year-to-date return for the three months ended March 31, 2013, was 0.38%.
 
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 (“IRA”).
Year to Date Return, Label rr_YearToDateReturnLabel
Fund’s year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2013
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.38%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel
Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.97%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel
Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.73%)
Performance Table Heading rr_PerformanceTableHeading
Average annual total returns for 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 (“IRA”).
Value Line Core Bond Fund | Barclays Capital U.S. Aggregate Bond 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
Barclays Capital U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01 4.22%
5 Years rr_AverageAnnualReturnYear05 5.94%
10 Years rr_AverageAnnualReturnYear10 5.18%
Value Line Core Bond Fund | Barclays Capital U.S. Corporate High-Yield Bond 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
Barclays Capital U.S. Corporate High-Yield Bond Index* (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01 15.81% [1]
5 Years rr_AverageAnnualReturnYear05 10.32% [1]
10 Years rr_AverageAnnualReturnYear10 10.61% [1]
Value Line Core Bond Fund | C000020574 Value Line Core Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VAGIX
Management Fees rr_ManagementFeesOverAssets 0.50% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.87% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.62%
Less Management Fee and 12b-1 Fee Waivers rr_FeeWaiverOrReimbursementOverAssets (0.15%) [4]
Net Expenses rr_NetExpensesOverAssets 1.47%
1 Year rr_ExpenseExampleYear01 150
3 Years rr_ExpenseExampleYear03 496
5 Years rr_ExpenseExampleYear05 867
10 years rr_ExpenseExampleYear10 1,909
2003 rr_AnnualReturn2003 25.45%
2004 rr_AnnualReturn2004 10.30%
2005 rr_AnnualReturn2005 1.80%
2006 rr_AnnualReturn2006 8.89%
2007 rr_AnnualReturn2007 3.65%
2008 rr_AnnualReturn2008 (21.55%)
2009 rr_AnnualReturn2009 40.33%
2010 rr_AnnualReturn2010 10.64%
2011 rr_AnnualReturn2011 4.60%
2012 rr_AnnualReturn2012 11.34%
Label rr_AverageAnnualReturnLabel
Return before taxes
1 Year rr_AverageAnnualReturnYear01 11.34%
5 Years rr_AverageAnnualReturnYear05 7.24%
10 Years rr_AverageAnnualReturnYear10 8.47%
Value Line Core Bond Fund | C000020574 Value Line Core Bond Fund | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Return after taxes on distributions
1 Year rr_AverageAnnualReturnYear01 9.24%
5 Years rr_AverageAnnualReturnYear05 4.93%
10 Years rr_AverageAnnualReturnYear10 6.09%
Value Line Core Bond Fund | C000020574 Value Line Core Bond Fund | After Taxes on Distributions and Sales
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Return after taxes on distributions and sale of Fund shares
1 Year rr_AverageAnnualReturnYear01 7.32%
5 Years rr_AverageAnnualReturnYear05 4.79%
10 Years rr_AverageAnnualReturnYear10 5.89%
[1] The Barclays Capital U.S. Aggregate Bond Index replaced the Barclays Capital U.S. Corporate High-Yield Bond Index as the Fund's primary benchmark as of December 10, 2012 to reflect certain changes to the Fund's investment strategy.
[2] The expense information in the table has been restated to reflect the Fund's current management fee rate, effective February 1, 2013, as if in effect during the Fund's fiscal year ended January 1, 2013.
[3] In accordance with applicable requirements, "Other Expenses" do not include extraordinary expenses incurred by your Fund in connection with the reorganization of Value Line U.S. Government Securities Fund, Inc. into your Fund. Had such expenses been included in the table, "Other Expenses" would have been higher.
[4] The Adviser has contractually agreed to waive a portion of the Fund's management fee so that the management fee rate equals 0.40% of the Fund's average daily net assets. The Distributor has contractually agreed to waive a portion of the Fund's Rule 12b-1 fees in an amount equal to 0.05% of the Fund's average daily net assets. These waivers can be terminated or changed before June 30, 2014 only with the approval of the Fund's board and the Adviser or the Distributor, as applicable.
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