Value Line Core Bond Fund
VAGIX
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- Value Line Core Bond Fund (VAGIX) is an open-end mutual fund that seeks to maximize current income, with capital appreciation as a secondary objective consistent with the primary goal; under normal circumstances, the fund invests at least 80% of its assets in bonds and other debt instruments, principally including U.S. government and corporate obligations, mortgage-backed securities, asset-backed securities, and other fixed income securities. The portfolio emphasizes investment-grade securities, with credit quality allocations typically featuring AAA-rated holdings at around 65%, followed by BBB at 24%, and smaller positions in lower-rated categories; as of March 31, 2025, sector weights included government at 35.11%, securitized at 29.01%, corporate at 28.98%, cash and other at 3.60%, and municipal at 3.29%, with top holdings dominated by U.S. Treasury notes and bonds alongside government agency mortgage-backed securities. Managed by EULAV Asset Management since inception on February 18, 1986, the fund maintains net assets of approximately $36 million, a gross expense ratio of 1.26% (net 0.80% through waivers until May 1, 2026), and an average effective duration of 5.69 years; it is headquartered in New York as part of the Value Line Funds family, distributed by EULAV Securities LLC, and targets intermediate core bond investors seeking income from U.S. dollar-denominated, fixed-rate taxable bonds. In a major strategic shift, shareholders approved the Plan of Liquidation and Termination on November 14, 2025, leading to the fund's dissolution and winding up of business by the end of November 2025; this follows ongoing expense limitations and performance challenges, with Morningstar ratings of 2 stars across 3-, 5-, and 10-year periods in the Intermediate Core Bond category as of April 30, 2025.