Fund Evaluator:

Value Line Mid Cap Focused Inv Overview

Value Line Mid Cap Focused Inv (VLIFX) is an actively managed U.S. Equity Mid-Cap Growth fund. Value Line launched the fund in 1950.

The investment seeks long-term growth of capital. The fund invests substantially all of the fund's net assets in common stocks. Under normal circumstances, the Adviser invests at least 80% of the fund's assets in common stocks and other equity securities of mid-sized companies (the "80% Policy"). During the investment selection process, the Adviser performs fundamental and quantitative analysis on each company and utilizes the rankings of companies by the Value Line Timeliness™ Ranking System (the "Ranking System") to assist in selecting securities for purchase.

About Value Line Mid Cap Focused Inv (VLIFX)

There are 2 members of the management team with an average tenure of 9.71 years: Stephen Grant (2009), Mitchell Appel (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) index with a weighting of 100% and S&P MidCap 400 TR index with a weighting of 100%. Value Line Mid Cap Focused Inv has 33 securities in its portfolio. The top 10 holdings constitute 53.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Value Line Mid Cap Focused Inv is part of the Equity global asset class and is within the U.S. Equity fund group. Value Line Mid Cap Focused Inv has 7.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.7%. There is 7.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Value Line Mid Cap Focused Inv has 3.6% of the portfolio in cash.

Assets Under Management

The fund has $408 million in total assets, which is below the $686 million average for the Mid-Cap Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

VLIFX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Value Line Mid Cap Focused Inv expense ratio is high compared to funds in the Mid-Cap Growth category. Value Line Mid Cap Focused Inv has an expense ratio of 1.09%, which is the same as its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Value Line Mid Cap Focused Inv has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 76% for the Mid-Cap Growth category.

Recently, in the month of June 2026, Value Line Mid Cap Focused Inv returned 3.7%, which earned it a grade of C, as the Mid-Cap Growth category had an average return of 3.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Value Line Mid Cap Focused Inv has a trailing yield of 0.00%, which is below the 0.03% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Value Line Mid Cap Focused Inv Grades

Year to date, the fund has returned 1.5%, 10.3 percentage points worse than the category, which translates into a grade of F. The fund has returned -1.0% over the past year (grade of F), 6.3% over the past three years (grade of F) and 6.2% per year over the past five years (grade of B) and 11.8% per year over the past 10 years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Value Line Mid Cap Focused Inv, including its riskiness, submit your email to unlock the rest of the article.