Value Line Infrastructure Portfolio

Invest in the building blocks of infrastructure with the Value Line Infrastructure Portfolio. Opportunity for growth exists in companies involved in building and improving physical infrastructure that is part of everyday life, including transportation, energy, water, communications and more.

Investment Objective

Long-Term Capital Appreciation

Portfolio Characteristics

Number of Stocks	51
Average Market Cap	$19B
Trading Frequency	Quarterly
Rebalancing Frequency	Annually

Investment Approach

Candidate stocks with a higher Value Line Timeliness™ Rank, a market capitalization of at least $1 billion on any selection date and meet additional performance criteria as well. The Portfolio will consist of approximately 50 stocks which are related to businesses involved with infrastructure investment (physical, non-financial).

How Stocks Are Selected

The Portfolio will consist of stocks meeting the following criteria:

Related to businesses involved with infrastructure investment (physical, non-financial)
Candidate stocks with a higher Value Line Timeliness™ Rank
Market capitalization of at least $1 billion on any selection date
Additional performance criteria must be met
The Portfolio consists of approximately 50 stocks
Stocks are reselected each quarter and equal weighted annually at start of calendar year

Top 10 Holdings (%) as of 06/30/24

Company Name	Weight (%)
NVR Inc	3.03
Carpenter Technology Corp	2.96
Lam Research Corp	2.73
NRG Energy Inc	2.72
Dycom Industries Inc	2.70
Amphenol Corp Class A	2.50
ATI Inc	2.28
AerCap Holdings NV	2.16
Westinghouse Air Brake Technologies Corp	2.15
Flowserve Corp	2.15

Performance as of 06/30/24

Name	QTD	YTD	1 Year	3 Year	5 Year	Since Incep*
Value Line Infrastructure Portfolio (Gross)	-1.19%	10.10%	18.74%	14.16%	16.43%	18.77%
Value Line Infrastructure Portfolio (Net)	-1.29%	9.88%	18.27%	13.70%	15.96%	18.29%
S&P 500 Index	4.28%	15.29%	24.56%	10.01%	15.05%	17.16%
* Since Inception returns reflect the Composite inception date of 1/1/2019. Performance shown for periods 1 year and greater are annualized. Net Returns are inclusive of EULAV Asset Management’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 EULAV Asset Management. All investments involve risks, including loss of capital, and there is no guarantee that investment objectives will be met.

Sector Distribution as of 06/30/24

Source: Morningstar Direct.

How to Invest

Separately managed accounts are provided by EULAV Asset Management. The Value Line Infrastructure Portfolio is currently available through our partners, Envestnet and SMArtX Advisory Solutions.

Portfolio Fact Sheet

Portfolio GIPS Report

Do you have questions?

Please reach out to our SMA support team at:

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.