U.S. Government
securities are recognized
worldwide as the
benchmark for quality,
safety and liquidity
Regardless of which political party is in control and in spite of runaway Government deficits, the fact is that the U.S. Government and its agencies have never defaulted on a security or delayed payment of interest or principal when due. That's why these securities are unparalleled for credit quality.
And, historically, investing in the full spectrum of U.S. Government securities offers higher yield potential in a variety of market conditions. For example, in a rising interest rate environment, mortgage-backed securities tend to perform well. When interest rates are falling, U.S. Treasuries historically produce higher returns.
The Value Line U.S. Government Securities Fund is designed to obtain maximum income without undue risk of principal primarily through a conservatively managed, diversified portfolio of U.S. Treasury and agency bonds and mortgage-backed securities issued by government agencies.* Capital preservation and possible capital appreciation are secondary objectives. Of course, there is no guarantee that the Fund will achieve its objectives. When shares are redeemed, they may be worth more or less than the original cost.
* An investment in the Fund is neither insured nor guaranteed by the U.S. Government. No assurance can be given that the U.S. Government will provide financial support in the future to agencies,
authorities or instrumentalities not supported by the full faith and credit of the United States.
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Value Line U.S.
Government Securities
Fund offers high
quality, professional
management
The Value Line U.S. Government Securities
Fund's investment adviser is Value Line, Inc., the same widely acclaimed manager that provides
investment counseling services to our sophisticated corporate and institutional clients. The adviser manages the Fund's investments, provides various administrative services and supervises the Fund's daily business affairs. In carrying out the Fund's income-producing strategies, among other factors, the managers carefully consider security of principal, marketability, diversification, maturity, and yield differentials within the issues of the portfolio as market and other economic conditions change.
To achieve its primary objective, the Fund, under normal conditions, invests nearly all of its assets in issues of the U.S. Government and its agencies and instrumentalities, including U.S. Treasury bills, notes and bonds and securities popularly known as Fannie Maes, Ginnie Maes and Freddie Macs. The balance of the Fund's net assets may be invested in short-term money market instruments.
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