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Monday, November 30, 2009, 6:37AM ET - U.S. Markets open in 2 hours and 53 minutes. Dow Down 1.48% Nasdaq  0.00%
Value Line Tax-Exempt (VLHYX)On Nov 27: 9.58  Up 0.01 (0.10%)  
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Profile  As of 31-Oct-09Get Profile for:
Value Line Tax-Exempt
220 East 42nd Street C/O Value Line Inc New York NY 10017-5891
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Phone: 800-243-2729
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FUND OVERVIEW 
Category:Muni National Long
Fund Family:Value Line
Net Assets:84.53M
Year-to-Date Return:9.53%
Yield:3.86%
Morningstar Rating:2 stars
Fund Inception Date:23-Mar-84
MORNINGSTAR STYLE BOX 
Muni National Long
[View Category Definition]

Style box information not available for VLHYX

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MANAGEMENT INFORMATION 
Jeffrey Geffen
Lead Manager since 02-Nov-09
Geffen has been a portfolio manager with Value Line, his employer since 2001. Prior to joining the company, he was vice president of investments at Morgan Stanley Dean Witter Advisors from 1989-2001.
INVESTMENT INFORMATION 
Min Initial Investment:$1,000
Min Initial Investment, IRA:NaN
Min Initial Investment, AIP:$1,000
Min Subsequent Investment:$250
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:$25
VLHYX can be purchased from 14 brokerages.
FUND SUMMARY 
The investment seeks income exempt from federal income taxes, while avoiding undue risk to principal. Capital appreciation is a secondary consideration. The fund invests at least 80% of assets in securities the income of which is exempt from federal income taxation. It invests primarily in investment grade municipal bonds and expects to maintain an average maturity of between 10 and 30 years.
FUND OPERATIONS 
Last Dividend (30-Oct-09): 0.03
Last Cap Gain (20-Nov-07): 0.06
Annual Holdings Turnover 307.00%
Average for Category: 51.28%
FEES & EXPENSES 
ExpenseVLHYXCategory
Avg
Total Expense Ratio:0.68% 1.01%
Max 12b1 Fee:0.25% N/A
Max Front End Sales Load:% 4.27%
Max Deferred Sales Load:% 2.69%
3 Yr Expense Projection*: $ 271$543
5 Yr Expense Projection*: $ 490$790
10 Yr Expense Projection*: $ 1,120$1,478
* Per $10,000 invested


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