# Index Description
- The Index begins with the universe of stocks that Value Line® gives a Safety™ Ranking of #1 or #2 using the Value Line® Safety™ Ranking System. All registered investment companies, limited partnerships and foreign securities not listed in the U.S. are removed from this universe.
- From those stocks, Value Line® selects those companies with a higher than average dividend yield, as compared to the indicated dividend yield of the Standard & Poor’s 500 Composite Stock Price Index.
- Value Line® then eliminates those companies with an equity market capitalization of less than $1 billion.
- The Index seeks to be equally weighted in each of the securities in the index. The Index is rebalanced on the application of the above model on a monthly basis.

Top 10 holdings as a percentage of Total Net Assets. Portfolio Holdings are subject to change at any time. References to specific securities should not be construed as a recommendation to buy or sell and should not be assumed profitable.
| SECTOR ALLOCATION (%) Utilities | 20.37 |  |
| --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | 16.30 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financials | 14.30 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consumer Staples | 12.59 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Information Technology | 10.57 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Health Care | 8.77 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consumer Discretionary | 5.11 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real Estate | 4.76 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Materials | 4.16 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | 2.56 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Energy | 0.51 |  |  |  |  |  |  |  |  |  |  |  |
| FUND CHARACTERISTICS Max Market Cap | $467.1bn |  |  |  |  |  |  |  |  |  |  |  |
| Median Market Cap | $33.7bn |  |  |  |  |  |  |  |  |  |  |  |
| Min Market Cap | $2.3bn |  |  |  |  |  |  |  |  |  |  |  |
| Price/Earnings | 17.21 |  |  |  |  |  |  |  |  |  |  |  |
| Price/Book | 2.54 |  |  |  |  |  |  |  |  |  |  |  |
| Price/Cash Flow | 11.49 |  |  |  |  |  |  |  |  |  |  |  |
| Price/Sales | 1.97 |  |  |  |  |  |  |  |  |  |  |  |

Translation (ENFR, 2022-06-30):
# Description de l’Indice
- L’Indice commence par l’univers des actions auxquelles Value Line® accorde un classement Safety™ de 1 ou 2 en utilisant le système de classement Safety™ de Value Line®. Toutes les sociétés d’investissement immatriculées, les sociétés en commandite et les titres étrangers non cotés aux États‑Unis sont retirés de cet univers.
- Parmi ces actions, Value Line® sélectionne les sociétés dont le taux de dividende est supérieur à la moyenne, par rapport à celui de l’indice Standard & Poor’s 500 Composite Stock Price Index.
- Value Line® élimine ensuite les entreprises dont la capitalisation boursière est inférieure à 1 milliard de dollars.
- L’Indice cherche à équipondérer chacun des titres qui le composent. L’Indice est rééquilibré chaque mois selon le modèle précité.

10 principales participations, en % de l’actif net total. Les participations en portefeuille sont susceptibles d'évoluer à tout moment. Les références à des titres spécifiques ne constituent pas une recommandation d’achat ou de vente et il convient de ne pas présumer ces derniers comme rentables.
| ALLOCATION SECTORIELLE (%) Services aux collectivités | 20,37 |  |
| --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrie | 16,30 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Finance | 14,30 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consommation de base | 12,59 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Technologie de l’information | 10,57 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Soins de santé | 8,77 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consommation discrétionnaire | 5,11 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Immobilier | 4,76 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Matériaux | 4,16 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Services de communication | 2,56 |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| Énergie | 0,51 |  |  |  |  |  |  |  |  |  |  |  |
| CARACTÉRISTIQUES DU FONDS Cap. boursière maximale | $467,1 mrd |  |  |  |  |  |  |  |  |  |  |  |
| Cap. boursière moyenne | $33,7 mrd |  |  |  |  |  |  |  |  |  |  |  |
| Cap. boursière minimale | $2,3 mrd |  |  |  |  |  |  |  |  |  |  |  |
| Cours/bénéfices | 17,21 |  |  |  |  |  |  |  |  |  |  |  |
| Cours/valeur comptable | 2,54 |  |  |  |  |  |  |  |  |  |  |  |
| Cours/flux de trésorerie | 11,49 |  |  |  |  |  |  |  |  |  |  |  |
| Cours/ventes | 1,97 |  |  |  |  |  |  |  |  |  |  |  |