In 1950, Value Line started its first mutual fund. Since then, knowledgeable investors have been relying on the Value Line Funds to help them build their financial futures. Over the years, Value Line Funds has evolved into what we are today – a diversified family of mutual funds with a wide range of investment objectives, available directly to you or through your brokerage firm, financial adviser or directly to you. EULAV Asset Management is the investment adviser to the Value Line Funds. Important Disclosure Information: Past performance does not guarantee future results. Investment return and principal value of an investment can fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost; and that current performance may be lower or higher than the performance data quoted. Investors should carefully consider the investment objectives, risks, charges and expense of a fund. This and other important information about a fund is contained in the fund’s prospectus. A copy of our fund’s prospectus can be obtained free of charge by going to our website at www.vlfunds.com or calling 800.243.2729. This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Value Line Mutual Funds are distributed by EULAV Securities LLC. Number of employees includes employees and associated persons of the Advisor and the Distributor.