VALSX Fees and Costs — Value Line Select Growth Fund, Inc., Investor Class
Data updated: 2026-09-25
The net expense ratio is 1.16%: a 0.73% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 8%.
VALSX Fees and Expenses
Annual operating expenses and sales charges of VALSX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VALSX Costs Over Time
On $10,000 invested in VALSX, assuming 5% a year before costs, total costs come to $724 over 5 years, cutting the return by 1.22% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $724 |
| Value after costs | $10,378 | $11,178 | $12,039 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
VALSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0008%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $156.2M
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $0
- Net income from securities lending: $297 (0.000% of average net assets)
VALSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $988 | 30.25% |
| Goldman Sachs & Co. LLC | $869 | 26.63% |
| State Street Global Markets, LLC | $710 | 21.73% |
| BofA Securities, Inc. | $427 | 13.09% |
| Nomura Securities International, Inc. | $271 | 8.29% |
VALSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $156.2M | 100.00% |
Value Line Select Growth Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VILSX | Institutional Class | 0.91% | — |
| VALSX | Investor Class | 1.16% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.