Mutual Funds. Prepared for Howard Roark. Prepared by John Galt. Your Local Firm. 123 Home Street. Hometown, MD UNITED STATES UNITED STATES

Transcription

1 Mutual Funds Value Line Asset Allocation Prepared for Prepared by John Galt Your Local Firm 123 Home Street Hometown, MD UNITED STATES MD UNITED STATES This report is not complete unless all pages, as noted below, are included. Please read the information in 'Important Disclosures' found at the beginning of this report. Copyright Thomson Financial. All Rights Reserved. Page 1 of 8

2 Important Disclosures Standardized Average Annual Total Returns for Quarter Ended 12/31/2007 Returns for periods of less than one year are not annualized Security Name Inception Date Max. Initial Sales Charge/CDSC 1 Year 5 Years 10 Years Since Inception Blend: 60% S&P % LB Aggregate 12/31/1975 N/A 6.22% 9.51% 6.26% 11.22% Value Line Asset Allocation 8/24/ % 15.25% 13.20% 8.25% 11.94% Gross Charges and Expenses Management Distribution Other Fund Name Sales Charge Max CDSC Fee (12b-1) Fee Expenses Total Value Line Asset Allocation 0.00% 0.00% 0.65% 0.25% 0.00% 0.90% Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment in the fund(s) will fluctuate so that an investor's shares when redeemed may be worth more or less than their original cost. The current performance for the fund(s) illustrated may be higher or lower than the performance data quoted. Please visit for the latest month-end performance information. Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This illustration, including any accompanying reports and graphs, must be preceded or accompanied by a current prospectus for each security included. The prospectus contains full details on fees and expenses and should be read carefully before investing or sending money. This historical information represents past performance and should not be considered indicative of future results. Principal value and investment return will fluctuate, so that an investor's shares/units when redeemed may be worth more or less than the original amount. The Standardized Average Annual Total Return figures shown above are calculated using the formula in form N-1A as mandated by the Securities and Exchange Commission. Except where noted, the calculations take into account the maximum sales and/or redemption charges currently in effect, and any annual expenses assessed. The figures assume a one-time lump sum investment and do not include the effect of taxation. The illustration included herein does not reflect the effects of taxes in some or all of the investments. Several share classes shown above may not be available to all investors or may not be suitable for all investors given different sales charges, management fees, investment minimums, etc. Other share classes are shown for informational purposes only. Please consult a prospectus for information about all share classes. Page 2 of 8

3 The Average Annual Return on the Account figure found on the fund table represents the overall growth rate realized on the investment, taking into account all investments and withdrawals, as well as any commission charges and taxes (if included). While it is a useful measure of the results of a hypothetical investment, it should not be the only criterion used to determine whether a security has performed well or poorly. The Cumulative figure found on the table represents the total, unannualized percentage change between the initial market value and the ending market value of the security or index in the illustration. Blend: 60% S&P 500, 40% LB Aggregate is a blended index, combining a 60% weighting of the Standard & Poor's 500 Composite Total Return Index and a 40% weighting of the Lehman Brothers Aggregate index. S&P 500 Composite Total Return Index is a capitalization weighted index of 500 stocks traded on the NYSE, AMEX, and Over the Counter comprised of industrial, financial, transportation and utility companies as well as dividends reinvested into the index value. Lehman Brothers Aggregate is an index comprised of approximately 6,000 publicly traded bonds including U.S. government, mortgage-backed, corporate and Yankee bonds with an average maturity of approximately 10 years. The information included in this report is based upon data obtained from public sources believed to be reliable; however, Thomson Financial does not guarantee the completeness or accuracy thereof. Thomson Financial, an independent information services firm, has been the leading provider of information and analytical services on investment products to financial professionals for more than 55 years. Thomson Financial information and software is used by more than 140 financial institutions nationwide, representing more than 200,000 investment professionals. Page 3 of 8

4 Value Line Asset Allocation Reinvest Income Reinvest Cap Gains Max Load Fee Max CDSC 12b-1 Fee Yes Yes None None 0.25% $10,000 initial investment on 12/31/2002. Dividends and capital gains are reinvested. Initial investment is not subject to sales charge. The effects of income and capital gains taxes are not demonstrated. Period End Invest Income Capital Gains Reinvest Market Value Percent Change Shares NAV 12/31/ , , /30/ , /31/ , /30/ , /31/ , /30/ , /31/ ,178 1,237 15, /30/ , /31/ ,114 16, /30/ , /31/ ,284 1,415 18, Total 10, ,459 3,813 Ending Amount Attributable To Market Value Shares Return on the Investment Percent Principal: 14, Average Annual: % Income: Cumulative: % Capital Gains: 3, Total Ending Amount: 18, Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment in the fund(s) will fluctuate so that an investor's shares when redeemed may be worth more or less than their original cost. The current performance for the fund(s) illustrated may be higher or lower than the performance data quoted. Please visit for the latest month-end performance information. Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This illustration, including any accompanying reports and graphs, must be preceded or accompanied by a current prospectus for each security included. The prospectus contains full details on fees and expenses and should be read carefully before investing or sending money. Past performance is no guarantee of future results. Page 4 of 8

5 Important Information Period End Column - Data as of date for each row in the hypothetical. Invest Column - Dollar amount committed to investing in a security either on a one time or systematic basis. Income Column - Dollar amount distributed from fund to shareholders derived from interest, dividends, or other income received by a fund. Capital Gains Column - The fund's distribution to shareholders of the profits derived from the sale of stocks or bonds. Reinvest Price Column - Dollar amount, stemming from fund distributions, committed to reinvesting in a fund or portfolio in order to purchase more shares. Market Value Column - Current value of the hypothetical account calculated by the number of shares multiplied by the NAV. Percent Change Column - Change in market value reflected as a percentage. Shares Column - Number of fund shares owned within the hypothetical illustration. NAV Column - Price of one mutual fund share calculated by dividing the total net assets by the number of shares outstanding. NAV's are adjusted by the fund company for expenses, including 12b-1 and other expenses. Page 5 of 8

6 12/31/ /31/2007 Total Ending Amount: $18,587 Value Line Asset Allocation : $10,000 initial investment on 12/31/2002. Dividends and capital gains are reinvested. Initial investment is not subject to sales charge. The effects of income and capital gains taxes are not demonstrated. $19,000 $18,000 $17,000 $16,000 $15,000 $14,000 $13,000 $12,000 $11,000 $10, From Market Value (Ending value: $18,587) Past performance is no guarantee of future results. Page 6 of 8

7 12/31/ /31/2007 Total Ending Amount: $18,587 Value Line Asset Allocation : $10,000 initial investment on 12/31/2002. Dividends and capital gains are reinvested. Initial investment is not subject to sales charge. The effects of income and capital gains taxes are not demonstrated. $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 12/02 12/03 12/04 12/05 12/06 12/07 From Capital Gains (Ending value: $3,607) From Income (Ending value: $373) From Principal (Ending value: $14,607) Past performance is no guarantee of future results. Page 7 of 8

8 12/31/ /31/2007 Total Ending Amount: $18,587 Value Line Asset Allocation : $10,000 initial investment on 12/31/2002. Dividends and capital gains are reinvested. Initial investment is not subject to sales charge. The effects of income and capital gains taxes are not demonstrated. $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $ From Capital Gains (Ending value: $3,607) From Income (Ending value: $373) From Principal (Ending value: $14,607) Past performance is no guarantee of future results. Page 8 of 8