Value Line High Dividend SMA

Value Line High Dividend SMA

Participate in the income potential of high dividend U.S. companies with strong near-term capital appreciation potential. The Value Line High Dividend SMA invests in companies with high dividend yields and high scores on the Value Line® Timeliness™ ranking system.

Investment Objective

Capital Appreciation and Income

Portfolio Characteristics

Characteristic Value
Number of Stocks 51
Average Market Cap $23B
Dividend Yield 3.87%
Trading Frequency Monthly
Rebalancing Frequency Monthly

Investment Approach

Higher dividends demonstrate a commitment to distributing profits to shareholders as well as business optimism on the part of management. To be included in the portfolio’s selection universe a stock must be U.S.-based and have a market capitalization of at least $10B. Holdings are selected and weighted using a multi-factor risk model and optimizer software to achieve a balance between high scores on Timeliness, high dividend yields, and portfolio risk taken relative to a large cap value index. The portfolio is generally rebalanced monthly and targets between 50 and 70 holdings in total.

How Stocks Are Selected

The Portfolio will consist primarily of stocks meeting the following criteria:

  • Stocks based in the U.S.
  • Market capitalization at least $10B
  • Higher dividend yield
  • A multi-factor risk model is used to balance Value Line® Timeliness™ scores, high dividend yield and portfolio risk
  • The Portfolio generally consists of 50-70 stocks
  • Portfolio is traded monthly

Top 10 Holdings (%) as of 06/30/25

Company Name Weight (%)
CVS Health Corp 2.90%
Philip Morris International Inc 2.88%
Copa Holdings SA Class A 2.32%
Gilead Sciences Inc 2.32%
HF Sinclair Corp 2.30%
Altria Group Inc 2.24%
Fastenal Co 2.20%
Old Republic International Corp 2.18%
Wells Fargo & Co 2.17%
Penske Automotive Group Inc 2.15%

Performance as of 06/30/25

Name QTD YTD 1 Year 3 Year 5 Year Since Incep*
Value Line High Dividend SMA (Gross) 0.87% 3.25% 13.14% 15.19% 17.65% 13.52%
Value Line High Dividend SMA (Net) 0.77% 3.05% 12.69% 14.74% 17.19% 13.07%
S&P 500 Index 10.94% 6.20% 15.16% 19.71% 16.64% 15.10%

*Since Inception returns reflect the Composite inception date of 10/31/2018.

Performance shown for periods 1 year and greater are annualized.

Net Returns are inclusive of EAM’s investment advisory fee of 40 bps and no other transaction costs. Actual fees incurred by clients may vary because of additional bundled fees, such as custodian fees, other management fees, or platform fees, that are not fees charged by or known to EAM. All investments involve risks, including loss of capital, and there is no guarantee that investment objectives will be met.
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Sector Distribution as of 06/30/25

Sector Weight
Financial Services 26.10%
Consumer Defensive 12.70%
Industrials 12.45%
Energy 11.70%
Consumer Cyclical 11.33%
Healthcare 10.74%
Communication Services 6.14%
Technology 5.56%
Basic Materials 3.28%
Cash 2.68%

Source: Morningstar Direct

How to Invest

Separately managed accounts are provided by EULAV Asset Management. The Value Line High Dividend SMA is currently available at Envestnet.



Portfolio Fact Sheet

Portfolio Fact Sheet

Portfolio GIPS Report

Portfolio GIPS Report

Do you have questions?

Please reach out to our SMA support team at:

Crystal Barrett

Crystal Barrett
Sales Director

Data shows past performance, which is not indicative of future performance. Information contained herein has been prepared for illustrative purposes only. Although the information provided has been obtained from sources which EULAV Asset Management (EAM) believes to be reliable, it does not guarantee accuracy or completeness of such information. Opinions represented are not intended as an offer or solicitation with respect to the purchase or sale of any security or product and are subject to change without notice. Equity markets are volatile and an investor may lose money. For a complete discussion of the risks involved, please see our ADV Part 2A (Brochure).

EAM acts as either a discretionary investment manager or a non-discretionary model provider in a variety of separately managed account programs. Any performance information included herein represents the performance achieved by EAM as a discretionary investment manager with trade implementation responsibility. Separately managed accounts are provided by EAM and are independent of the Value Line Funds.

Value Line, Value Line Logo, Timeliness, Safety are trademarks or registered trademarks of Value Line, Inc. and/or its affiliates in the United States and other countries. Used by permission. Third-party trademarks and service marks appearing herein are the property of their respective owners.