Value Line Multi-Cap Global Portfolio

Seize the potential for growth by investing in U.S.-listed companies that generate significant revenues from foreign (non-U.S.) business activities. The Value Line Multi-Cap Global Portfolio enables investors to participate in global growth by owning share in companies that generate more than 50% of their revenues from activities outside of the U.S. By investing in this portfolio of publicly traded companies, investors can enjoy the transparency and regulatory benefits of the U.S stock markets while gaining significant portfolio exposure to revenues generated from international business opportunities.

Investment Objective

Capital Appreciation

Portfolio Characteristics

Number of Stocks	51
Average Market Cap	$23B
Trading Frequency	Monthly
Rebalancing Frequency	Monthly

Investment Approach

All Value Line Ranked stocks that have significant revenues generated from activities outside of the U.S. are eligible for inclusion in the Value Line Multi-Cap Global Portfolio Composite. Approximately 200 companies meet the Composite criteria out of the 1700 Value Line universe. U.S.-listed securities within the portfolio are selected from stocks with a higher Timeliness™ Rank and significant foreign-sourced revenue. The Composite will consist of 50 stocks.

How Stocks Are Selected

The Portfolio will consist of stocks meeting the following criteria:

Stocks with over 50% of revenue from outside the U.S.
Higher Value Line Timeliness™ Rank
The Portfolio consists of approximately 50 stocks
Stocks are reselected and equally weighted each month

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

Company Name	Weight (%)
Lam Research Corp	2.27
Cheniere Energy Inc	2.15
Manitowoc Co Inc	2.14
Applied Materials Inc	2.12
Cirrus Logic Inc	2.11
Liberty Latin America Ltd Class A	2.11
Autodesk Inc	2.11
Taiwan Semiconductor Manufacturing Co Ltd ADR	2.09
NVIDIA Corp	2.06
Netflix Inc	2.03

Performance as of 06/30/24

Name	QTD	YTD	1 Year	3 Year	Since Incep*
Value Line Multi-Cap Global Portfolio (Gross)	-1.42%	10.97%	15.23%	7.22%	15.74%
Value Line Multi-Cap Global Portfolio (Net)	-1.52%	10.74%	14.77%	6.79%	15.27%
S&P 500 Index	4.28%	15.29%	24.56%	10.01%	15.64%
Since Inception returns reflect the Composite inception date of 8/31/2019. 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 Multi-Cap Global 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.