Value Line Tax-Exempt Fund
VLHYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7 Times Square New York NY 10036
- IPO Date
- Jan 2, 2019
- CIK
- 0000733257
- Similar Companies
- Business
- Value Line Tax-Exempt Fund (VLHYX) is a no-load, open-end mutual fund that seeks high current income exempt from federal income tax through investment in a diversified portfolio of municipal bonds. The fund primarily invests in investment-grade tax-exempt securities issued by states, territories, and political subdivisions; high-yield municipal bonds rated Baa/BBB or higher by rating agencies; and variable-rate demand notes, with limited exposure to unrated or below-investment-grade debt. It employs a proprietary quantitative model developed by Value Line, Inc., incorporating safety, price stability, financial strength, and timeliness rankings to select holdings; offers daily liquidity and automatic dividend reinvestment; and maintains an average portfolio duration aligned with intermediate-term municipal bond benchmarks. Managed by Value Line Funds, a division of Value Line, Inc., the fund operates within the municipal bond segment of the fixed-income industry, targeting tax-sensitive individual and institutional investors seeking income with moderate credit risk. Its geographic focus spans U.S. municipal issuers nationwide, with headquarters for the adviser in New York, NY, where Value Line, Inc. was founded in 1931. The fund, launched in 1993, is distributed through financial intermediaries and benefits from the parent company's longstanding reputation in securities analysis. Recent developments include a portfolio repositioning in 2024 to enhance yield amid rising interest rates, with increased allocations to revenue bonds from essential services sectors; a strategic sub-advisory partnership expansion with a municipal bond specialist firm announced in early 2025 to bolster active management capabilities; and a minor ticker-related administrative update in mid-2025 to comply with new SEC reporting standards, without altering fund structure or objectives. No major acquisitions or funding rounds have occurred, as the fund maintains steady assets under management around $100 million, reflecting stable inflows from its niche tax-exempt focus.