Value Line Asset Allocation Fund Tops $200 Million as Advisor Outreach Takes Hold

 Value Line Asset Allocation Fund Tops $200 Million as Advisor Outreach Takes
                                     Hold

PR Newswire

NEW YORK, Oct. 29, 2013

NEW YORK, Oct. 29, 2013 /PRNewswire/ --Value Line Funds, a mutual fund
company comprised of ten funds with assets exceeding $2 billion in assets
under management, announced that its proactive marketing outreach continues to
generate widespread interest across various investor channels. With a history
of attracting direct investors over the past sixty years, Value Line Funds are
now widely found at hundreds of broker/dealers, registered investment advisors
(RIAs) and retirement plans.

"In a crowded mutual fund arena, Value Line Funds is fortunate to be available
to investors of all sizes through so many distribution partners," said
Mitchell Appel, president, Value Line Funds. "We are pleased that many of our
funds continue to be recognized for both their outstanding performance and
lower-risk profile and that platforms and RIAs are finding our 'hidden gems.'
For example, the Value Line Asset Allocation Fund continues to be included on
the exclusive Schwab Mutual Fund OneSource Select List^®. Additionally, the
Value Line Small Cap Opportunities Fund remains a 'Fund Pick' at Fidelity^®.
Given Value Line Funds' heritage of providing lower-risk core mutual funds, we
are pleased that several of our funds have been selected for inclusion in
401(k) plans by numerous national and regional retirement plan providers."

Tom Sarkany, Value Line Funds marketing director, added, "We believe that our
strong relative performance will grow our national exposure even more. For
example, the Value Line Asset Allocation Fund is the only fund in
Morningstar's Aggressive Allocation category (out of 124 funds) to have top
20% performance for the 3, 5, 10, and 15 year periods with 'Overall Below
Average' risk as of September 30, 2013. This relatively undiscovered fund has
a flexible allocation mandate and recently crossed the $200 million threshold
in assets. We are delighted how well the fund family has been embraced by the
financial advisor channel and look forward to expanding our marketing
outreach."

FUND PERFORMANCE (as of 9/30/13)
Morningstar rates funds based on enhanced Morningstar risk-adjusted returns.



Expense ratio: 1.25% (Gross) |      Average Annual Return
1.15% (Net)*
                                    1 Year 3 Year   5 Year   10 Year   15 Year
Asset Allocation (VLAAX)            16.43% 14.56%   9.23%    8.16%     7.38%
60/40 (S&P 500 / Barclays US        10.93  10.89    8.17     6.37      5.30
Aggregate Bond)
Morningstar Aggressive Allocation   15.17  10.64    7.87     6.60      5.61
Cat. Avg.
Category Rank (%)                   35     2        18       8         6
# of Funds in Category              420    337      300      136       72
Morningstar Risk                    n/a    Low Risk Low Risk Below Avg n/a
                                                             Risk

The performance data quoted herein represents past performance and does not
guarantee future results. Market volatility can dramatically impact the fund's
short term performance. Current performance may be lower or higher than
figures shown. The investment return and principal value will fluctuate so
that an investor's shares, when redeemed may be worth more or less than their
original cost. Past performance data through the most recent month end is
available at vlfunds.com or by calling 800.243.2729. You should carefully
consider investment objectives, risks, charges and expenses of Value Line
Mutual Funds before investing. This and other information can be found in the
fund's prospectus or summary prospectus, which can be obtained free of charge
from your investment representative, calling 800.243.2729, or by clicking on
the applicable fund at www.vlfunds.com. Please read it carefully before you
invest or send money.

About Value Line Funds

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 it
is today — a diversified family of mutual funds with a wide range of
investment objectives, available directly to investors or through brokerage
firms or financial advisors.

Our family of mutual funds is designed to help investors meet investment goals
and includes a variety of equity, fixed income, or hybrid funds. It's never
too early or too late to build a diversified investment strategy.

For more information about Value Line Funds, please call your financial
advisor or contact the Value Line Funds at 800-243-2729. Visit www.vlfunds.com
for information on how to open an account, learn more about any of our funds
and view past performance.

You should carefully consider investment objectives, risks, charges and
expenses of Value Line Mutual Funds before investing. This and other
information can be found in the funds' prospectus or summary prospectus, which
can be obtained free of charge from your investment representative, calling
800.243.2729, or by clicking on the applicable fund at www.vlfunds.com. Please
read it carefully before you invest or send money.

The inception dates of Value Line Mutual Funds range from 1950 to 1993. Value
Line Mutual Funds are distributed by EULAV Securities LLC. Past performance is
no guarantee of future results.
Value Line, Value Line Logo, Timeliness, Safety are trademarks or registered
trademarks of Value Line Inc. and/or its affiliates in the United States and
other countries. Used by permission.

* For the period August 1, 2013 through July 31, 2014 EULAV Securities LLC
(the "Distributor") contractually agreed to waive a portion of the Fund's Rule
12b-1 fee in an amount equal to 0.10% of the Fund's average daily net assets.
The waiver cannot be terminated before July 31, 2014 without the approval of
the Fund's Board of Directors. For various prior periods, the Distributor
similarly waived a portion of the Fund's Rule 12b-1 fee. The Fund's
performance would be lower in the absence of such waivers.

SOURCE Value Line Funds

Website: http://www.vlfunds.com
Contact: ? Anthony Massucci, SunStar Strategic, Phone:?? 212.572.6286, Email:
amassucci@sunstarstrategic.com
 
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