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Trending ETFs

Name

As of 11/09/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.64

$41.5 M

5.69%

$0.55

0.91%

Vitals

YTD Return

-4.2%

1 yr return

0.4%

3 Yr Avg Return

3.6%

5 Yr Avg Return

2.0%

Net Assets

$41.5 M

Holdings in Top 10

10.9%

52 WEEK LOW AND HIGH

$9.6
$9.64
$10.10

Expenses

OPERATING FEES

Expense Ratio 0.91%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 3.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/09/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.64

$41.5 M

5.69%

$0.55

0.91%

VLHYX - Profile

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.85%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Value Line Tax Exempt Fund
  • Fund Family Name
    Value Line
  • Inception Date
    Mar 23, 1984
  • Shares Outstanding
    112
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

To achieve the Fund’s investment objectives, under normal conditions EULAV Asset Management (the “Adviser”) invests at least 80% of the Fund’s assets in securities the income of which is exempt from regular federal income taxation and will not subject non-corporate shareholders to the alternative minimum tax. The Fund invests primarily in investment grade municipal bonds and expects to maintain an average maturity of between 7 and 20 years.
The Fund buys and sells municipal bonds with a view towards seeking a high level of current income exempt from federal income taxes. In selecting municipal bonds for purchase, the Adviser considers, among other things, the bond’s credit quality and yield potential.
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VLHYX - Performance

Return Ranking - Trailing

Period VLHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -86.8% 7.5% 22.90%
1 Yr 0.4% -16.3% 15.7% 23.49%
3 Yr 3.6%* -6.2% 10.3% 14.33%
5 Yr 2.0%* -3.5% 5.7% 24.04%
10 Yr 2.7%* -0.6% 8.3% 24.24%

* Annualized

Return Ranking - Calendar

Period VLHYX Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -91.1% 101.7% 11.77%
2022 3.4% -79.2% 310.0% 12.15%
2021 -2.5% -66.1% 15.4% 80.29%
2020 1.1% -57.4% 97.2% 13.80%
2019 -3.1% -100.0% 6.8% 89.85%

Total Return Ranking - Trailing

Period VLHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -86.8% 7.5% 21.80%
1 Yr 0.4% -16.3% 23.6% 8.53%
3 Yr 3.6%* -7.0% 11.5% 12.22%
5 Yr 2.0%* -4.0% 5.7% 18.98%
10 Yr 2.7%* -0.6% 8.3% 24.80%

* Annualized

Total Return Ranking - Calendar

Period VLHYX Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -91.1% 101.7% 11.81%
2022 3.4% -79.2% 310.0% 12.19%
2021 -2.5% -66.1% 15.4% 80.30%
2020 1.1% -57.4% 97.2% 14.90%
2019 -3.1% -48.8% 7.0% 89.92%

NAV & Total Return History


VLHYX - Holdings

Concentration Analysis

VLHYX Category Low Category High VLHYX % Rank
Net Assets 41.5 M 1.23 M 73.9 B 94.71%
Number of Holdings 208 1 14000 44.63%
Net Assets in Top 10 4.97 M -317 M 8.64 B 77.77%
Weighting of Top 10 10.85% 2.4% 100.0% 83.33%

Top 10 Holdings

  1. NEW JERSEY ST EDL FACS AUTH REV 5% 2.07%
  2. MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 5.5% 1.37%
  3. SAN DIEGO CALIF UNI SCH DIST 5% 1.33%
  4. DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV 5% 1.32%
  5. PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5% 1.30%
  6. METROPOLITAN TRANSN AUTH N Y REV 5% 1.25%
  7. METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 4% 1.08%
  8. DRY CREEK CALIF JT ELEM SCH DIST 0% 0.93%
  9. NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 4.125% 0.86%
  10. ORANGE CNTY FLA HEALTH FACS AUTH REV 5% 0.84%

Asset Allocation

Weighting Return Low Return High VLHYX % Rank
Bonds
91.60% 0.00% 150.86% 93.75%
Cash
8.40% -50.86% 100.00% 5.99%
Stocks
0.00% -0.03% 4.63% 13.56%
Preferred Stocks
0.00% -1.79% 0.04% 9.94%
Other
0.00% -13.03% 30.01% 11.27%
Convertible Bonds
0.00% 0.00% 0.93% 10.03%

Bond Sector Breakdown

Weighting Return Low Return High VLHYX % Rank
Municipal
91.60% 0.00% 100.00% 92.50%
Cash & Equivalents
8.40% 0.00% 100.00% 6.21%
Derivative
0.00% 0.00% 21.68% 9.89%
Securitized
0.00% 0.00% 5.93% 11.27%
Corporate
0.00% 0.00% 9.99% 26.44%
Government
0.00% 0.00% 52.02% 15.35%

Bond Geographic Breakdown

Weighting Return Low Return High VLHYX % Rank
US
91.31% 0.00% 142.23% 86.29%
Non US
0.29% 0.00% 62.14% 55.59%

VLHYX - Expenses

Operational Fees

VLHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.02% 3.60% 21.51%
Management Fee 0.37% 0.00% 1.10% 32.86%
12b-1 Fee 0.25% 0.00% 1.00% 36.50%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

VLHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

VLHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VLHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 3.00% 0.00% 283.00% 0.96%

VLHYX - Distributions

Dividend Yield Analysis

VLHYX Category Low Category High VLHYX % Rank
Dividend Yield 5.69% 0.00% 35.27% 83.73%

Dividend Distribution Analysis

VLHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VLHYX Category Low Category High VLHYX % Rank
Net Income Ratio 1.85% -0.53% 24.00% 55.28%

Capital Gain Distribution Analysis

VLHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

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VLHYX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58