Senior management at Value Line today have a few reasons to smile today -- specifically five. That's because the firm's mid-cap growth equity fund, the Value Line Premier Growth Fund, recently won a five-star overall rating from Morningstar.
As of January 31, the fund earned 9.63% over the past year, nearly 4% over the past five years and 7.30% over the past decade.
The fund has been managed by Stephen Grant since 1996 and bets on small-to-large cap companies, including foreign corporations, with no set limitations according to company size or sector weighting. Its total assets under management are nearly $320 million and it charges a management fee of 75 basis points. The fund takes a bottom-up approach, building the portfolio stock-by-stock and focusing on high-quality companies with proven track records in terms of both earnings and price.
According to Mitchell Appel, president of Value Line Funds and chief executive officer of the adviser, the fund “has maintained a disciplined investment strategy that has served shareholders very well.”
"We use quantitative, technical analysis to help determine not only which stocks to buy but when to buy them," he said.