0001188112-13-001305.txt : 20130501 0001188112-13-001305.hdr.sgml : 20130501 20130501114119 ACCESSION NUMBER: 0001188112-13-001305 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 STRATEGIC ASSET MANAGEMENT TRUST CENTRAL INDEX KEY: 0000819978 IRS NUMBER: 061207013 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05276 FILM NUMBER: 13801338 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 STRATEGIC ASSET MANAGEMENT TRUST CENTRAL INDEX KEY: 0000819978 IRS NUMBER: 061207013 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-16245 FILM NUMBER: 13801339 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 0000819978 S000007575 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST C000020640 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST 485BPOS 1 t75773a_485bpos.htm 485BPOS (POST EFFECTIVE AMENDMENT NO. 29) t75773a_485bpos.htm

As filed with the Securities and Exchange Commission on May 2 , 201 3
 
File No. 33-16245
File No. 811-05276


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. 31
x
and/or
 
REGISTRATION STATEMENT UNDER THE
 
INVESTMENT COMPANY ACT OF 1940
x
Amendment No. 31
x
       
 
Value Line Strategic Asset Management Trust
(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
Value Line Strategic Asset Management Trust
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 under 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 .
 
 
VALUE LINE STRATEGIC ASSET
 
MANAGEMENT TRUST
       
 
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
 
 
May 1, 2013
 
(Joyce E. Heinzerling)
       
 
*Francis C. Oakley
 
Trustee
 
May 1, 2013
 
(Francis C. Oakley)
       
 
*David H. Porter
 
Trustee
 
May 1, 2013
 
(David H. Porter)
       
 
*Paul Craig Roberts
 
Trustee
 
May 1, 2013
 
(Paul Craig Roberts)
       
 
*Nancy-Beth Sheerr
 
Trustee
 
May 1, 2013
 
(Nancy-Beth Sheerr)
       
 
*Daniel S. Vandivort
 
Trustee
 
May 1, 2013
 
(Daniel S. Vandivort)
       
           
 
/s/ Mitchell E. Appel
 
Trustee; President and Chief Executive
 
May 1, 2013
 
(Mitchell E. Appel)
 
Officer (Principal Executive Officer)
   
           
 
/s/ Emily D. Washington
 
Treasurer; Principal Financial
 
May 1, 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. 26, 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 vlsam-20130501.xml XBRL INSTANCE DOCUMENT 0000819978 2013-05-01 2013-05-01 0000819978 vlsam:S000007575Member 2013-05-01 2013-05-01 0000819978 vlsam:S000007575Member vlsam:C000020640Member 2013-05-01 2013-05-01 0000819978 vlsam:S000007575Member vlsam:Sp500IndexMember 2013-05-01 2013-05-01 0000819978 vlsam:S000007575Member vlsam:BarclaysCapitalAggregateBondIndexMember 2013-05-01 2013-05-01 xbrli:pure iso4217:USD <div><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"><i>Value Line Strategic Asset Management Trust</i></font></div> <div><font style="font-style: italic; display: inline; font-family: times new roman; color: #000000; font-size: 10pt; font-weight: bold; ; 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;">Investment objective</font></font></div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Trust&#8217;s investment objective is to achieve a high total investment return consistent with reasonable risk.</font></font></div> <div><font style="font-style: italic; display: inline; font-family: times new roman; color: #000000; font-size: 10pt; font-weight: bold;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Fees and expenses</font></font></div> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="66%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <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 style="display: inline; font-family: times new roman; font-size: 10pt;">This table describes the fees and expenses you pay in connection with an investment in the Trust. It does not take into account any fees or other expenses of any variable annuity or variable life insurance product. If such fees were reflected, expenses would be higher.</font></font></div> </div> </td> </tr> </table> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="66%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <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-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Annual Trust Operating Expenses (expenses that you pay each year as a percentage of the value of your investment.)</font></font></div> </div> </td> </tr> </table> <div style='display: none;'> ~ http://www.vlfunds.com/role/ScheduleAnnualFundOperatingExpensesVALUELINESTRATEGICASSETMANAGEMENTTRUST column dei_LegalEntityAxis compact vlsam_S000007575Member 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><font style="display: inline; font-family: times new roman; font-size: 10pt;">This example is intended to help you compare the cost of investing in the Trust with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Trust 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 Trust&#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/ScheduleExpenseExampleVALUELINESTRATEGICASSETMANAGEMENTTRUSTTransposed column dei_LegalEntityAxis compact vlsam_S000007575Member row primary compact * ~ </div> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="76%"> <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> </td> </tr> </table> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="76%"> <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;">The Trust 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 Trust shares are held in a taxable account. These costs, which are not reflected in annual Trust operating expenses or in the example, affect the Trust&#8217;s performance. During the most recent fiscal year the Trust&#8217;s portfolio turnover rate was 24% of the average value of its portfolio.</font></div> </td> </tr> </table> <div><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 Trust</font></div> <div align="left"> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="76%"> <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;">To achieve the Trust&#8217;s investment objective, EULAV Asset Management (the &#8220;Adviser&#8221;) invests in a broad range of common stocks, bonds and money market instruments in accordance with an asset allocation strategy based primarily on data derived from proprietary computer models for the stock and bond markets which Value Line, Inc. developed. The Adviser attempts to achieve the Trust&#8217;s investment objective by following an asset allocation strategy that enables the Adviser to periodically shift the assets of the Trust among three types of securities: (a) common stocks, (b) debt securities with maturities of more than one year that are principally rated investment grade (i.e., within the four highest categories of a nationally recognized statistical rating organization) and (c) money market instruments (debt securities with maturities of less than one year). On occasion, the Trust may invest in BBB rated debt securities which may have certain speculative characteristics and in debt securities issued or guaranteed by the U.S. Government, its agencies and instrumentalities, including mortgage-backed securities issued by government sponsored enterprises.</font></div> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">While the Trust is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness&#8482; Ranking System or the Value Line Performance&#8482; Ranking System (the &#8220;Ranking Systems&#8221;) in selecting securities for purchase or sale. The Ranking Systems are proprietary quantitative systems that compare 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 Trust&#8217;s investments usually, as measured by the number and total value of purchases, are selected from common stocks issued by companies that are ranked 1, 2 or 3 by either Ranking System at the time of purchase. There are no set limitations of investments in any category or according to a company&#8217;s size. As described above, the Adviser relies primarily on the rankings of companies by the <font style="display: inline; font-family: times new roman; font-size: 10pt;">Ranking Systems in selecting stocks for the Trust, but has discretion, including whether and which ranked stocks to include within the Trust&#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 Trust&#8217;s portfolio. The Adviser analyzes the stocks provided by the Ranking Systems and determines those in which the Trust shall invest and in what amounts such investments shall be made taking into account the potential risk and reward of each investment.</font></font></div> </td> </tr> </table> </div> <div><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 Trust</font></div> <div> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="76%"> <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;">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. The risks vary depending upon the Trust&#8217;s mix of stocks, bonds and money market securities. Therefore, before you invest in the Trust you should carefully evaluate the risks.</font></div> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">The chief risk that you assume when investing in the Trust is that associated with investing in common stocks and 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> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">The value of a security may decline for a number of reasons which directly relate to the issuer, such as management performance and reduced demand for the issuer&#8217;s products or services.</font></div> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">You also assume an interest rate risk which is the possibility that as interest rates rise the value of most fixed income securities, especially those securities with longer maturities, will decrease. Mortgage-backed securities may be more volatile than other U.S. government securities and are subject to credit, liquidity and prepayment risk.</font></div> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">Because the Trust 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> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td style="text-align: justify;" valign="top" width="76%"> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Certain securities may be difficult or impossible to sell at the time and price that the Trust would like. The Trust may have to lower the price, sell other securities instead or forgo an investment opportunity. This could have a negative effect on the Trust&#8217;s performance.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"></font>&#160;</div> </td> </tr> </table> </div> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="76%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <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 style="display: inline; font-family: times new roman; font-size: 10pt;">The U.S. government may not provide financial support to U.S. government agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by </font></font><font style="display: inline; font-family: times new roman; font-size: 10pt;">law. Certain U.S. government securities purchased by the Trust are not backed by the full faith and credit of the United States and are neither issued nor guaranteed by the U.S. Treasury. The maximum potential liability of the instrumentalities that issue some U.S. government securities held by the Trust may exceed current resources of such instrumentalities including their legal right to receive support from the U.S. Treasury. Consequently, although such instruments are U.S. government securities, it is possible that these issuers will not have the funds to meet their payment obligations in the future causing the Trust to incur a loss.</font></div> </div> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">An investment in the Trust is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Trust 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 11.</font></div> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">The Trust&#8217;s use of the Ranking Systems involves the risk that the Ranking Systems may not have the predictive qualities anticipated by the Adviser or that over certain periods of time the price of securities not covered by the Ranking Systems or lower ranked securities will appreciate to a greater extent than those securities in the Trust&#8217;s portfolio.</font></div> </td> </tr> <tr> <td valign="top" width="76%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></td> </tr> <tr> <td align="left" valign="top" width="76%"> <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;">The price of Trust shares will increase and decrease according to changes in the value of the Trust&#8217;s investments. Depending on the Trust&#8217;s allocation of assets among different types of securities, the Trust&#8217;s investments may be affected more greatly by changes in stock prices, which have historically tended to fluctuate more than bond prices.</font></div> </td> </tr> </table> <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;">Trust performance</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;">This bar chart and table can help you evaluate the potential risks of investing in the Trust. The bar chart below shows how returns for the Trust&#8217;s shares have varied over the past ten calendar years, and the table below shows the average annual total returns 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;">&#174; </font>Index which is a broad based market index. The returns are also compared to the performance of the Barclays Capital U.S. Government/Credit Bond Index which measures the performance of U.S. Dollar denominated U.S. Treasuries, government-related and investment grade U.S. corporate securities that have a remaining maturity of greater than one year. This performance information does not reflect separate account or variable insurance contract fees or charges. If such fees and charges <font style="display: inline; font-family: times new roman; font-size: 10pt;">were reflected, the Trust&#8217;s returns would be less than those shown. All returns reflect reinvested dividends. The Trust&#8217;s past performance is not necessarily an indication of how it will perform in the future.</font></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-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Total Returns as of 12/31 each year (%)</font></font></div> <div style='display: none;'> ~ http://www.vlfunds.com/role/Scheduleannualtotalreturnsvaluelinestrategicassetmanagementtrustbarchart column dei_LegalEntityAxis compact vlsam_S000007575Member 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;">Best Quarter:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Q2 2009&#160;&#160;&#160;&#160;&#160;+14.52%</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;">Worst Quarter:&#160;&#160;&#160;&#160;&#160;Q4 2008&#160;&#160;&#160;&#160;&#160;&#8211;17.66%</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-style: italic; display: inline; font-family: times new roman; font-size: 10pt; 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/Scheduleaverageannualtotalreturnsvaluelinestrategicassetmanagementtrusttransposed column dei_LegalEntityAxis compact vlsam_S000007575Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> 0.0050 0.0040 0.0014 0.0104 -0.0015 0.0089 91 316 559 1257 0.1653 0.1219 0.0908 0.0685 0.1528 -0.2939 0.2116 0.152 0.0368 0.1543 <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;; font-family:times new roman,times" size="2"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Value Line Strategic Asset Management Trust</font></font></div> <div><font size="2" style="font-family:times new roman,times"><b>S&amp;P 500 Index</b></font></div> <div><font size="2" style="font-family:times new roman,times"><strong>Barclays Capital Aggregate Bond Index</strong></font></div> 0.1543 0.1129 0.1129 0.0336 0.0338 0.0338 0.0756 0.0633 0.0633 485BPOS 2012-12-31 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST 0000819978 false VLSAM 2013-05-01 2013-05-01 2013-05-01 0.24 <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="76%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;<font style="display: inline; font-family: times new roman; font-size: 10pt;">To achieve the Trust&#8217;s investment objective, EULAV Asset Management (the &#8220;Adviser&#8221;) invests in a broad range of common stocks, bonds and money market instruments in accordance with an asset allocation strategy based primarily on data derived from proprietary computer models for the stock and bond markets which Value Line, Inc. developed. The Adviser attempts to achieve the Trust&#8217;s investment objective by following an asset allocation strategy that enables the Adviser to periodically shift the assets of the Trust among three types of securities: (a) common stocks, (b) debt securities with maturities of more than one year that are principally rated investment grade (i.e., within the four highest categories of a nationally recognized statistical rating organization) and (c) money market instruments (debt securities with maturities of less than one year).</font></div> </td> </tr> </table> <div><font style="display: inline; font-family: times new roman; font-size: 10pt;">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> <table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td align="left" valign="top" width="76%"> <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;">An investment in the Trust is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. </font></div> </td> </tr> </table> <div><font style="display: inline; font-family: times new roman; font-size: 10pt;">This bar chart and table can help you evaluate the potential risks of investing in the Trust. The bar chart below shows how returns for the Trust&#8217;s shares have varied over the past ten calendar years, and the table below shows the average annual total returns of these shares for one, five, and ten years.</font></div> <div> <div><font style="font-family: times new roman,times; ; font-family: times new roman,times;; font-family:times new roman,times" size="2">The Trust<font style="font-family: times new roman,times;">&#8217;s past performance is not necessarily an indication of how it will perform in the future.</font></font></div> </div> <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Best Quarter:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div> 2009-06-30 0.1452 <div><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Worst Quarter:</font></div> 2008-12-31 -0.1766 Effective May 1, 2013 through June 30, 2014, EULAV Securities LLC (the "Distributor") has contractually agreed to waive a portion of the Trust's 12b-1 fee in an amount equal to 0.15% of the Trust's average daily net assets. There is no assurance that the Distributor will extend the contractual fee waiver beyond June 30, 2014. The waiver cannot be modified or terminated before June 30, 2014 without the approval of the Trust's Board of Trustees. 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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 STRATEGIC ASSET MANAGEMENT TRUST
Central Index Key dei_EntityCentralIndexKey 0000819978
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 STRATEGIC ASSET MANAGEMENT TRUST
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Value Line Strategic Asset Management Trust
Objective [Heading] rr_ObjectiveHeading
Investment objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
The Trust’s investment objective is to achieve a high total investment return consistent with reasonable risk.
Expense [Heading] rr_ExpenseHeading
Fees and expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses you pay in connection with an investment in the Trust. It does not take into account any fees or other expenses of any variable annuity or variable life insurance product. If such fees were reflected, expenses would be higher.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Annual Trust 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 Trust 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 Trust shares are held in a taxable account. These costs, which are not reflected in annual Trust operating expenses or in the example, affect the Trust’s performance. During the most recent fiscal year the Trust’s portfolio turnover rate was 24% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.00%
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 Trust with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Trust 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 Trust’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 Trust
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
To achieve the Trust’s investment objective, EULAV Asset Management (the “Adviser”) invests in a broad range of common stocks, bonds and money market instruments in accordance with an asset allocation strategy based primarily on data derived from proprietary computer models for the stock and bond markets which Value Line, Inc. developed. The Adviser attempts to achieve the Trust’s investment objective by following an asset allocation strategy that enables the Adviser to periodically shift the assets of the Trust among three types of securities: (a) common stocks, (b) debt securities with maturities of more than one year that are principally rated investment grade (i.e., within the four highest categories of a nationally recognized statistical rating organization) and (c) money market instruments (debt securities with maturities of less than one year). On occasion, the Trust may invest in BBB rated debt securities which may have certain speculative characteristics and in debt securities issued or guaranteed by the U.S. Government, its agencies and instrumentalities, including mortgage-backed securities issued by government sponsored enterprises.
 
While the Trust is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness™ Ranking System or the Value Line Performance™ Ranking System (the “Ranking Systems”) in selecting securities for purchase or sale. The Ranking Systems are proprietary quantitative systems that compare 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 Trust’s investments usually, as measured by the number and total value of purchases, are selected from common stocks issued by companies that are ranked 1, 2 or 3 by either Ranking System at the time of purchase. There are no set limitations of investments in any category or according to a company’s size. As described above, the Adviser relies primarily on the rankings of companies by the Ranking Systems in selecting stocks for the Trust, but has discretion, including whether and which ranked stocks to include within the Trust’s portfolio, whether and when to buy or sell stocks based upon changes in their rankings, and the frequency and timing of rebalancing the Trust’s portfolio. The Adviser analyzes the stocks provided by the Ranking Systems and determines those in which the Trust shall invest and in what amounts such investments shall be made taking into account the potential risk and reward of each investment.
Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration
 To achieve the Trust’s investment objective, EULAV Asset Management (the “Adviser”) invests in a broad range of common stocks, bonds and money market instruments in accordance with an asset allocation strategy based primarily on data derived from proprietary computer models for the stock and bond markets which Value Line, Inc. developed. The Adviser attempts to achieve the Trust’s investment objective by following an asset allocation strategy that enables the Adviser to periodically shift the assets of the Trust among three types of securities: (a) common stocks, (b) debt securities with maturities of more than one year that are principally rated investment grade (i.e., within the four highest categories of a nationally recognized statistical rating organization) and (c) money market instruments (debt securities with maturities of less than one year).
Risk [Heading] rr_RiskHeading
Principal risks of investing in the Trust
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. The risks vary depending upon the Trust’s mix of stocks, bonds and money market securities. Therefore, before you invest in the Trust you should carefully evaluate the risks.
 
The chief risk that you assume when investing in the Trust is that associated with investing in common stocks and 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.
 
The value of a security may decline for a number of reasons which directly relate to the issuer, such as management performance and reduced demand for the issuer’s products or services.
 
You also assume an interest rate risk which is the possibility that as interest rates rise the value of most fixed income securities, especially those securities with longer maturities, will decrease. Mortgage-backed securities may be more volatile than other U.S. government securities and are subject to credit, liquidity and prepayment risk.
 
Because the Trust 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.
 
Certain securities may be difficult or impossible to sell at the time and price that the Trust would like. The Trust may have to lower the price, sell other securities instead or forgo an investment opportunity. This could have a negative effect on the Trust’s performance.
 
The U.S. government may not provide financial support to U.S. government agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. Certain U.S. government securities purchased by the Trust are not backed by the full faith and credit of the United States and are neither issued nor guaranteed by the U.S. Treasury. The maximum potential liability of the instrumentalities that issue some U.S. government securities held by the Trust may exceed current resources of such instrumentalities including their legal right to receive support from the U.S. Treasury. Consequently, although such instruments are U.S. government securities, it is possible that these issuers will not have the funds to meet their payment obligations in the future causing the Trust to incur a loss.
 
An investment in the Trust is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Trust 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 11.
 
The Trust’s use of the Ranking Systems involves the risk that the Ranking Systems may not have the predictive qualities anticipated by the Adviser or that over certain periods of time the price of securities not covered by the Ranking Systems or lower ranked securities will appreciate to a greater extent than those securities in the Trust’s portfolio.
 
The price of Trust shares will increase and decrease according to changes in the value of the Trust’s investments. Depending on the Trust’s allocation of assets among different types of securities, the Trust’s investments may be affected more greatly 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 Trust is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
Trust performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
This bar chart and table can help you evaluate the potential risks of investing in the Trust. The bar chart below shows how returns for the Trust’s shares have varied over the past ten calendar years, and the table below shows the average annual total returns 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 returns are also compared to the performance of the Barclays Capital U.S. Government/Credit Bond Index which measures the performance of U.S. Dollar denominated U.S. Treasuries, government-related and investment grade U.S. corporate securities that have a remaining maturity of greater than one year. This performance information does not reflect separate account or variable insurance contract fees or charges. If such fees and charges were reflected, the Trust’s returns would be less than those shown. All returns reflect reinvested dividends. The Trust’s past performance is not necessarily an indication of how it will perform in the future.
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 Trust. The bar chart below shows how returns for the Trust’s shares have varied over the past ten calendar years, and the table below shows the average annual total returns of these shares for one, five, and ten years.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture
The Trust’s past performance is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading
Total Returns as of 12/31 each year (%)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:        Q2 2009     +14.52%
Worst Quarter:     Q4 2008     –17.66%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel
Best Quarter:        
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.52%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel
Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (17.66%)
Performance Table Heading rr_PerformanceTableHeading
Average Annual Total Returns for the Periods Ended December 31, 2012
VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST | C000020640 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
 
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VLSAM
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.40%
Other Expenses rr_OtherExpensesOverAssets 0.14%
Total Annual Trust Operating Expenses rr_ExpensesOverAssets 1.04%
Less: 12b-1 Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.15%) [1]
Net Expenses rr_NetExpensesOverAssets 0.89%
1 year rr_ExpenseExampleYear01 91
3 years rr_ExpenseExampleYear03 316
5 years rr_ExpenseExampleYear05 559
10 years rr_ExpenseExampleYear10 1,257
2003 rr_AnnualReturn2003 16.53%
2004 rr_AnnualReturn2004 12.19%
2005 rr_AnnualReturn2005 9.08%
2006 rr_AnnualReturn2006 6.85%
2007 rr_AnnualReturn2007 15.28%
2008 rr_AnnualReturn2008 (29.39%)
2009 rr_AnnualReturn2009 21.16%
2010 rr_AnnualReturn2010 15.20%
2011 rr_AnnualReturn2011 3.68%
2012 rr_AnnualReturn2012 15.43%
Label rr_AverageAnnualReturnLabel
Value Line Strategic Asset Management Trust
1 year rr_AverageAnnualReturnYear01 15.43%
5 years rr_AverageAnnualReturnYear05 3.36%
10 years rr_AverageAnnualReturnYear10 7.56%
VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST | S&P 500® Index
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
S&P 500 Index
1 year rr_AverageAnnualReturnYear01 11.29%
5 years rr_AverageAnnualReturnYear05 3.38%
10 years rr_AverageAnnualReturnYear10 6.33%
VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST | Barclays Capital Aggregate Bond Index
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel
Barclays Capital Aggregate Bond Index
1 year rr_AverageAnnualReturnYear01 11.29%
5 years rr_AverageAnnualReturnYear05 3.38%
10 years rr_AverageAnnualReturnYear10 6.33%
[1] Effective May 1, 2013 through June 30, 2014, EULAV Securities LLC (the "Distributor") has contractually agreed to waive a portion of the Trust's 12b-1 fee in an amount equal to 0.15% of the Trust's average daily net assets. There is no assurance that the Distributor will extend the contractual fee waiver beyond June 30, 2014. The waiver cannot be modified or terminated before June 30, 2014 without the approval of the Trust's Board of Trustees.

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VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
Value Line Strategic Asset Management Trust
Investment objective
The Trust’s investment objective is to achieve a high total investment return consistent with reasonable risk.
Fees and expenses
This table describes the fees and expenses you pay in connection with an investment in the Trust. It does not take into account any fees or other expenses of any variable annuity or variable life insurance product. If such fees were reflected, expenses would be higher.
Annual Trust Operating Expenses (expenses that you pay each year as a percentage of the value of your investment.)
Annual Fund Operating Expenses
VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
C000020640 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
Management Fees 0.50%
Distribution and/or Service (12b-1) Fees 0.40%
Other Expenses 0.14%
Total Annual Trust Operating Expenses 1.04%
Less: 12b-1 Fee Waiver [1] (0.15%)
Net Expenses 0.89%
[1] Effective May 1, 2013 through June 30, 2014, EULAV Securities LLC (the "Distributor") has contractually agreed to waive a portion of the Trust's 12b-1 fee in an amount equal to 0.15% of the Trust's average daily net assets. There is no assurance that the Distributor will extend the contractual fee waiver beyond June 30, 2014. The waiver cannot be modified or terminated before June 30, 2014 without the approval of the Trust's Board of Trustees.
Example
This example is intended to help you compare the cost of investing in the Trust with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Trust 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 Trust’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 STRATEGIC ASSET MANAGEMENT TRUST C000020640 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
91 316 559 1,257
Portfolio turnover
The Trust 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 Trust shares are held in a taxable account. These costs, which are not reflected in annual Trust operating expenses or in the example, affect the Trust’s performance. During the most recent fiscal year the Trust’s portfolio turnover rate was 24% of the average value of its portfolio.
Principal investment strategies of the Trust
To achieve the Trust’s investment objective, EULAV Asset Management (the “Adviser”) invests in a broad range of common stocks, bonds and money market instruments in accordance with an asset allocation strategy based primarily on data derived from proprietary computer models for the stock and bond markets which Value Line, Inc. developed. The Adviser attempts to achieve the Trust’s investment objective by following an asset allocation strategy that enables the Adviser to periodically shift the assets of the Trust among three types of securities: (a) common stocks, (b) debt securities with maturities of more than one year that are principally rated investment grade (i.e., within the four highest categories of a nationally recognized statistical rating organization) and (c) money market instruments (debt securities with maturities of less than one year). On occasion, the Trust may invest in BBB rated debt securities which may have certain speculative characteristics and in debt securities issued or guaranteed by the U.S. Government, its agencies and instrumentalities, including mortgage-backed securities issued by government sponsored enterprises.
 
While the Trust is actively managed by the Adviser, the Adviser relies primarily on the rankings of companies by the Value Line Timeliness™ Ranking System or the Value Line Performance™ Ranking System (the “Ranking Systems”) in selecting securities for purchase or sale. The Ranking Systems are proprietary quantitative systems that compare 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 Trust’s investments usually, as measured by the number and total value of purchases, are selected from common stocks issued by companies that are ranked 1, 2 or 3 by either Ranking System at the time of purchase. There are no set limitations of investments in any category or according to a company’s size. As described above, the Adviser relies primarily on the rankings of companies by the Ranking Systems in selecting stocks for the Trust, but has discretion, including whether and which ranked stocks to include within the Trust’s portfolio, whether and when to buy or sell stocks based upon changes in their rankings, and the frequency and timing of rebalancing the Trust’s portfolio. The Adviser analyzes the stocks provided by the Ranking Systems and determines those in which the Trust shall invest and in what amounts such investments shall be made taking into account the potential risk and reward of each investment.
Principal risks of investing in the Trust
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. The risks vary depending upon the Trust’s mix of stocks, bonds and money market securities. Therefore, before you invest in the Trust you should carefully evaluate the risks.
 
The chief risk that you assume when investing in the Trust is that associated with investing in common stocks and 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.
 
The value of a security may decline for a number of reasons which directly relate to the issuer, such as management performance and reduced demand for the issuer’s products or services.
 
You also assume an interest rate risk which is the possibility that as interest rates rise the value of most fixed income securities, especially those securities with longer maturities, will decrease. Mortgage-backed securities may be more volatile than other U.S. government securities and are subject to credit, liquidity and prepayment risk.
 
Because the Trust 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.
 
Certain securities may be difficult or impossible to sell at the time and price that the Trust would like. The Trust may have to lower the price, sell other securities instead or forgo an investment opportunity. This could have a negative effect on the Trust’s performance.
 
The U.S. government may not provide financial support to U.S. government agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. Certain U.S. government securities purchased by the Trust are not backed by the full faith and credit of the United States and are neither issued nor guaranteed by the U.S. Treasury. The maximum potential liability of the instrumentalities that issue some U.S. government securities held by the Trust may exceed current resources of such instrumentalities including their legal right to receive support from the U.S. Treasury. Consequently, although such instruments are U.S. government securities, it is possible that these issuers will not have the funds to meet their payment obligations in the future causing the Trust to incur a loss.
 
An investment in the Trust is not a complete investment program and you should consider it just one part of your total investment program. An investment in the Trust 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 11.
 
The Trust’s use of the Ranking Systems involves the risk that the Ranking Systems may not have the predictive qualities anticipated by the Adviser or that over certain periods of time the price of securities not covered by the Ranking Systems or lower ranked securities will appreciate to a greater extent than those securities in the Trust’s portfolio.
 
The price of Trust shares will increase and decrease according to changes in the value of the Trust’s investments. Depending on the Trust’s allocation of assets among different types of securities, the Trust’s investments may be affected more greatly by changes in stock prices, which have historically tended to fluctuate more than bond prices.
Trust performance
This bar chart and table can help you evaluate the potential risks of investing in the Trust. The bar chart below shows how returns for the Trust’s shares have varied over the past ten calendar years, and the table below shows the average annual total returns 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 returns are also compared to the performance of the Barclays Capital U.S. Government/Credit Bond Index which measures the performance of U.S. Dollar denominated U.S. Treasuries, government-related and investment grade U.S. corporate securities that have a remaining maturity of greater than one year. This performance information does not reflect separate account or variable insurance contract fees or charges. If such fees and charges were reflected, the Trust’s returns would be less than those shown. All returns reflect reinvested dividends. The Trust’s past performance is not necessarily an indication of how it will perform in the future.
Total Returns as of 12/31 each year (%)
Bar Chart
Best Quarter:        Q2 2009     +14.52%
Worst Quarter:     Q4 2008     –17.66%
Average Annual Total Returns for the Periods Ended December 31, 2012
Average Annual Total Returns VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
Label
1 year
5 years
10 years
C000020640 VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
Value Line Strategic Asset Management Trust
15.43% 3.36% 7.56%
Sp 500® Index
S&P 500 Index
11.29% 3.38% 6.33%
Barclays Capital Aggregate Bond Index
Barclays Capital Aggregate Bond Index
11.29% 3.38% 6.33%