Schwab [profile] has added Value Line's [profile] Asset Allocation Fund to the OneSource Select List, a list of no-load funds available through Schwab's platform.

The fund is one of seven asset allocation funds among the 23 third-party funds in the Additional Funds section of the OneSource Select list. It is five-star rated by Morningstar and holds $93 million in AUM.

The press release quotes Michell Appel, president of Value Line Funds, who said, "We are very proud that the Value Line Asset Allocation Fund has been added to Schwab's prestigious OneSource Select List, especially since Charles Schwab's Investment Advisory Research group's rigorous quantitative process includes reviewing factors such as performances, risk and expenses of the thousands of funds available on their OneSource platform."

The press release is below.

Company Press Release
Schwab Adds Value Line Asset Allocation to OneSource Select List�
NEW YORK, Aug. 13, 2012 �The Value Line Asset Allocation Fund (VLAAX) has been added to the Schwab Mutual Fund OneSource Select List�. The fund is one of only seven asset allocation funds among the 23 third-party funds selected for the Additional Fund Categories section. It is part of the Value Line family of funds, which launched its first mutual fund in 1950.

"We are very proud that the Value Line Asset Allocation Fund has been added to Schwab's prestigious OneSource Select List," said Mitchell Appel, president of Value Line Funds and CEO of the adviser, "especially since Charles Schwab's Investment Advisory Research group's rigorous quantitative process includes reviewing factors such as performance, risk and expenses of the thousands of funds available on their OneSource platform."

"Many investors today want to be invested in a fund that can shift assets back and forth among stocks, bonds and cash to seek better opportunities or manage risk as market conditions warrant," said Tom Sarkany, marketing director for Value Line Funds. As of June 30, the fund held 73% in stocks, 23% in bonds and 4% in cash.

"We felt for some time this fund has been overlooked by the investment community," added Appel. "This is a fund with a track record that many pure equity funds would want to have. The Value Line Asset Allocation Fund is an aggressive allocation fund."

The fund has been managed by Stephen Grant since 1993. "We use a model that compares stock values and interest rates, allocating more to stocks when valuations and rates are low and less when they are high," said Grant. "However, our stock selections have impacted performance more than asset allocation. We use a momentum strategy that looks at investor psychology and selects those stocks where investor sentiment is improving."

The Value Line Funds incorporate the well-respected, proprietary Value Line Timeliness and Performance Ranking Systems in their process. Stocks selected for the Value Line Asset Allocation Fund are primarily ranked 1 (best), 2 or 3 out of 5 by these systems, which tend to favor stocks with strong earnings and share-price momentum resulting in an aggressive-allocation fund with fast-growing companies. The fund also looks to the Value Line Asset Allocation Model for guidance on portfolio allocation as percentage of equity vs. fixed income holdings.

The Value Line Asset Allocation Fund is ranked in the top 3% for the three-year period and in the top 12% for the one-, five- and ten-year periods as of 6/30/2012. "Not many funds have that kind of track record," noted Sarkany.

More information and performance are available at http://www.vlfunds.com . Investments can be made in the fund for a minimum of $1,000; there is no load and no transaction fees

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