Form NPORT-P VALUE LINE FUNDS VARIABL For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0000819978
          XXXXXXXX
        
      
      
      
      
        S000007575
        C000020640
      
      
      
    
  
  
    
      VALUE LINE FUNDS VARIABLE TRUST
      811-05276
      0000819978
      5493003WH4KXP1540810
      7 TIMES SQUARE
      Suite 1606
      NEW YORK
      
      10036
      212-907-1900
      VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
      S000007575
      5493004QB5HMUDPJZ609
      2022-12-31
      2022-03-31
      N
    
    
      243620368.05
      836148.74
      242784219.31
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
        
        
      
      N
      
        
          
        
        
        
        
      
      
      
      
      
    
    
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3138WNCF4
        
          
        
        159145.25000000
        PA
        USD
        158731.04000000
        0.065379471718
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2043-04-01
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AVALONBAY COMMUNITIES
        K9G90K85RBWD2LAGQX17
        
        05348EBH1
        
          
        
        200000.00000000
        PA
        USD
        188159.89000000
        0.077500873217
        Long
        DBT
        
        US
        N
        
        2
        
          2031-01-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AERCAP IRELAND CAP/GLOBA
        N/A
        
        00774MAS4
        
          
        
        175000.00000000
        PA
        USD
        160189.27000000
        0.065980099717
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2026-01-30
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3138A6MP2
        
          
        
        121388.85000000
        PA
        USD
        126686.75000000
        0.052180800860
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2041-02-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        salesforce.com Inc
        RCGZFPDMRW58VJ54VR07
        
        79466L302
        
          
        
        35600.00000000
        NS
        USD
        7558592.00000000
        3.113296251907
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuit Inc
        VI90HBPH7XSFMB9E4M29
        
        461202103
        
          
        
        11000.00000000
        NS
        USD
        5289240.00000000
        2.178576521584
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FHLMC Multifamily Structured Pass Through Certs.
        S6XOOCT0IEG5ABCC6L87
        
        3137FQ3Y7
        
          
        
        190374.11000000
        PA
        USD
        187004.68000000
        0.077025055636
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-25
          Fixed
          2.19000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Teledyne Technologies Inc
        549300VSMO9KYQWDND94
        
        879360105
        
          
        
        6100.00000000
        NS
        USD
        2883043.00000000
        1.187491925213
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912828ZE3
        
          
        
        250000.00000000
        PA
        USD
        228896.49000000
        0.094279805602
        Long
        DBT
        UST
        US
        N
        
        2
        
          2027-03-31
          Fixed
          0.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley BAML Trust
        N/A
        
        61761AAZ1
        
          
        
        207466.20000000
        PA
        USD
        207441.72000000
        0.085442835036
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2045-08-15
          Fixed
          3.18000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Union Pacific Corp
        549300LMMRSZZCZ8CL11
        
        907818108
        
          
        
        22000.00000000
        NS
        USD
        6010620.00000000
        2.475704564770
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Toro Co/The
        YJKE4YIT6BWQHVEW0D14
        
        891092108
        
          
        
        13600.00000000
        NS
        USD
        1162664.00000000
        0.478887797281
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        UnitedHealth Group Inc
        549300GHBMY8T5GXDE41
        
        91324P102
        
          
        
        4000.00000000
        NS
        USD
        2039880.00000000
        0.840202878835
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ABBVIE INC
        FR5LCKFTG8054YNNRU85
        
        00287YBV0
        
          
        
        200000.00000000
        PA
        USD
        198681.94000000
        0.081834783399
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-21
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        
        36179NF78
        
          
        
        111120.86000000
        PA
        USD
        114181.13000000
        0.047029881235
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2043-06-20
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3135G0T94
        
          
        
        250000.00000000
        PA
        USD
        251661.71000000
        0.103656535303
        Long
        DBT
        USGSE
        US
        N
        
        2
        
          2023-01-19
          Fixed
          2.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        
        3132DWCJ0
        
          
        
        144221.11000000
        PA
        USD
        137968.11000000
        0.056827462012
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-10-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NextEra Energy Inc
        N/A
        
        65339F101
        
          
        
        48000.00000000
        NS
        USD
        4066080.00000000
        1.674771124563
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FHLMC Multifamily Structured Pass Through Certs.
        S6XOOCT0IEG5ABCC6L87
        
        3137FBU79
        
          
        
        160000.00000000
        PA
        USD
        163281.68000000
        0.067253827478
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2027-09-25
          Variable
          3.19000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Thermo Fisher Scientific Inc
        HCHV7422L5HDJZCRFL38
        
        883556102
        
          
        
        20000.00000000
        NS
        USD
        11813000.00000000
        4.865637492244
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FEDERAL HOME LOAN BANK
        2549001DPIFGXC1TOL40
        
        3130A0XE5
        
          
        
        250000.00000000
        PA
        USD
        254482.51000000
        0.104818390059
        Long
        DBT
        USGSE
        US
        N
        
        2
        
          2024-03-08
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Costco Wholesale Corp
        29DX7H14B9S6O3FD6V18
        
        22160K105
        
          
        
        16000.00000000
        NS
        USD
        9213600.00000000
        3.794974824222
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3138WKQM0
        
          
        
        165723.58000000
        PA
        USD
        173880.08000000
        0.071619185338
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-04-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        
        36179WQC5
        
          
        
        338768.21000000
        PA
        USD
        341597.86000000
        0.140700190881
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2051-10-20
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arch Capital Group Ltd
        549300AYR4P8AFKDCE43
        
        000000000
        
          
        
        60500.00000000
        NS
        USD
        2929410.00000000
        1.206589953962
        Long
        EC
        CORP
        BM
        
        N
        
        1
        
          N
          N
          N
        
      
      
        State Street Global Advisors
        5493008BJIBKQ5KTIF74
        
        857492706
        
          
        
        594887.50000000
        NS
        USD
        594887.50000000
        0.245027251643
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        Fairfax County Economic Development Authority
        N/A
        
        30382LFT0
        
          
        
        125000.00000000
        PA
        USD
        112656.44000000
        0.046401879133
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-10-01
          Fixed
          2.43000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CNA Financial Corp
        549300YX2GSZD7YG1R84
        
        126117AS9
        
          
        
        250000.00000000
        PA
        USD
        254056.11000000
        0.104642760852
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-05-15
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31418DRW4
        
          
        
        181832.99000000
        PA
        USD
        169511.72000000
        0.069819908592
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-08-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        
        3132DV7K5
        
          
        
        137150.83000000
        PA
        USD
        127802.45000000
        0.052640344732
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-10-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Motorola Solutions Inc
        6S552MUG6KGJVEBSEC55
        
        620076BN8
        
          
        
        200000.00000000
        PA
        USD
        207998.86000000
        0.085672314531
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-23
          Fixed
          4.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co
        8I5DZWZKVSZI1NUHU748
        
        46625HJH4
        
          
        
        500000.00000000
        PA
        USD
        505276.24000000
        0.208117414482
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-01-25
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31418EBS8
        
          
        
        495699.41000000
        PA
        USD
        474207.37000000
        0.195320507794
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2052-02-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fiserv Inc
        GI7UBEJLXYLGR2C7GV83
        
        337738108
        
          
        
        38000.00000000
        NS
        USD
        3853200.00000000
        1.587088325160
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CENTENE CORP
        549300Z7JJ4TQSQGT333
        
        15135BAT8
        
          
        
        175000.00000000
        PA
        USD
        177100.00000000
        0.072945432987
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-12-15
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ING Groep NV
        549300NYKK9MWM7GGW15
        
        456837AH6
        
          
        
        200000.00000000
        PA
        USD
        202738.74000000
        0.083505732199
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2027-03-29
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        91282CAZ4
        
          
        
        1000000.00000000
        PA
        USD
        925546.88000000
        0.381222009663
        Long
        DBT
        UST
        US
        N
        
        2
        
          2025-11-30
          Fixed
          0.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHARTER COMM OPT LLC/CAP
        N/A
        
        161175AY0
        
          
        
        200000.00000000
        PA
        USD
        207631.53000000
        0.085521015570
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-07-23
          Fixed
          4.91000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31418DTR3
        
          
        
        704743.24000000
        PA
        USD
        674914.14000000
        0.277989295151
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-10-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Tower Corp
        5493006ORUSIL88JOE18
        
        03027X100
        
          
        
        13000.00000000
        NS
        USD
        3265860.00000000
        1.345169801102
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASTRAZENECA PLC
        PY6ZZQWO2IZFZC3IOL08
        
        046353AW8
        
          
        
        175000.00000000
        PA
        USD
        152555.20000000
        0.062835714954
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2030-08-06
          Fixed
          1.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31418DQ70
        
          
        
        138529.37000000
        PA
        USD
        129145.06000000
        0.053193350196
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-07-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Adobe Inc
        FU4LY2G4933NH2E1CP29
        
        00724F101
        
          
        
        5000.00000000
        NS
        USD
        2278100.00000000
        0.938322929914
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3138M4P22
        
          
        
        643398.02000000
        PA
        USD
        655573.47000000
        0.270023097820
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2042-07-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3140QDEN0
        
          
        
        244262.33000000
        PA
        USD
        240171.75000000
        0.098923954234
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-04-01
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3138X8ZL8
        
          
        
        120379.09000000
        PA
        USD
        120139.59000000
        0.049484101702
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2043-11-01
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Prudential Financial Inc
        5PRBRS5FEH7NREC8OR45
        
        744320BF8
        
          
        
        175000.00000000
        PA
        USD
        178531.50000000
        0.073535051210
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2048-09-15
          Fixed
          5.70000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        State Street Global Advisors
        549300BZ5TGIFZUZDZ37
        
        857492706
        
          
        
        53739338.93000000
        NS
        USD
        53739338.93000000
        22.13460952393
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Nutrien Ltd
        5493002QQ7GD21OWF963
        
        67077MAT5
        
          
        
        175000.00000000
        PA
        USD
        182886.73000000
        0.075328919861
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2029-04-01
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        91282CBL4
        
          
        
        1220000.00000000
        PA
        USD
        1102146.10000000
        0.453961177185
        Long
        DBT
        UST
        US
        N
        
        2
        
          2031-02-15
          Fixed
          1.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALLSTATE CORP
        OBT0W1ED8G0NWVOLOJ77
        
        020002BJ9
        
          
        
        175000.00000000
        PA
        USD
        151304.89000000
        0.062320726787
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-12-15
          Fixed
          1.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        
        36202EN96
        
          
        
        290164.84000000
        PA
        USD
        321927.93000000
        0.132598375180
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2037-08-20
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        9128284N7
        
          
        
        800000.00000000
        PA
        USD
        819562.50000000
        0.337568274548
        Long
        DBT
        UST
        US
        N
        
        2
        
          2028-05-15
          Fixed
          2.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TJX Cos Inc/The
        V167QI9I69W364E2DY52
        
        872540109
        
          
        
        75600.00000000
        NS
        USD
        4579848.00000000
        1.886386196358
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PRINCIPAL FINANCIAL GRP
        CUMYEZJOAF02RYZ1JJ85
        
        74251VAR3
        
          
        
        200000.00000000
        PA
        USD
        204589.94000000
        0.084268219977
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-15
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TransDigm Group Inc
        N/A
        
        893641100
        
          
        
        5000.00000000
        NS
        USD
        3257700.00000000
        1.341808791880
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hess Corp
        UASVRYNXNK17ULIGK870
        
        42809HAG2
        
          
        
        175000.00000000
        PA
        USD
        179982.65000000
        0.074132763040
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-04-01
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cadence Design Systems Inc
        GCT7RXJOGLXPV0NXZY22
        
        127387108
        
          
        
        25000.00000000
        NS
        USD
        4111500.00000000
        1.693479095010
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3140XDR65
        
          
        
        1022800.85000000
        PA
        USD
        1017290.46000000
        0.419010124665
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-10-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3138WWZP7
        
          
        
        219390.49000000
        PA
        USD
        227978.14000000
        0.093901547904
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2043-06-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ecolab Inc
        82DYEISM090VG8LTLS26
        
        278865100
        
          
        
        26400.00000000
        NS
        USD
        4661184.00000000
        1.919887550042
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mastercard Inc
        AR5L2ODV9HN37376R084
        
        57636Q104
        
          
        
        20000.00000000
        NS
        USD
        7147600.00000000
        2.944013420770
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3140X8UR6
        
          
        
        182582.72000000
        PA
        USD
        163375.24000000
        0.067292363755
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-12-01
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FHLMC Multifamily Structured Pass Through Certs.
        S6XOOCT0IEG5ABCC6L87
        
        3137F1G44
        
          
        
        250000.00000000
        PA
        USD
        255570.13000000
        0.105266368105
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2027-04-25
          Fixed
          3.24000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HEICO Corp
        529900O1DTDLCJ7L0I14
        
        422806109
        
          
        
        23000.00000000
        NS
        USD
        3531420.00000000
        1.454550880628
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31418DVQ2
        
          
        
        262794.26000000
        PA
        USD
        264045.51000000
        0.108757278685
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-12-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912810QW1
        
          
        
        1040000.00000000
        PA
        USD
        1103090.62000000
        0.454350214002
        Long
        DBT
        UST
        US
        N
        
        2
        
          2042-05-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AptarGroup Inc
        VNPEQDQFAA7IY1T2PX43
        
        038336103
        
          
        
        7900.00000000
        NS
        USD
        928250.00000000
        0.382335393395
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ADOBE INC
        FU4LY2G4933NH2E1CP29
        
        00724PAD1
        
          
        
        175000.00000000
        PA
        USD
        165593.66000000
        0.068206105186
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-01
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Domino's Pizza Inc
        25490005ZWM1IF9UXU57
        
        25754A201
        
          
        
        5200.00000000
        NS
        USD
        2116452.00000000
        0.871741996252
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FHLMC Multifamily Structured Pass Through Certs.
        S6XOOCT0IEG5ABCC6L87
        
        3137FL6P4
        
          
        
        250000.00000000
        PA
        USD
        261328.73000000
        0.107638268559
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-01-25
          Fixed
          3.56000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Rollins Inc
        549300F2A0BXT4SGWD84
        
        775711104
        
          
        
        183500.00000000
        NS
        USD
        6431675.00000000
        2.649132228725
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ServiceNow Inc
        549300HJTQM36M0E1G39
        
        81762P102
        
          
        
        7732.00000000
        NS
        USD
        4305873.48000000
        1.773539273778
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fidelity National Information Services Inc
        6WQI0GK1PRFVBA061U48
        
        31620M106
        
          
        
        10000.00000000
        NS
        USD
        1004200.00000000
        0.413618316237
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        
        3128MJY61
        
          
        
        197322.46000000
        PA
        USD
        196761.67000000
        0.081043846490
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-11-01
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FHLMC Multifamily Structured Pass Through Certs.
        S6XOOCT0IEG5ABCC6L87
        
        3137BUX60
        
          
        
        250000.00000000
        PA
        USD
        257144.43000000
        0.105914803989
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2026-12-25
          Fixed
          3.41000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Duke Realty LP
        2549009GZDBNY1KE9O81
        
        26441YBB2
        
          
        
        200000.00000000
        PA
        USD
        204511.87000000
        0.084236063851
        Long
        DBT
        
        US
        N
        
        2
        
          2028-09-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Netflix Inc
        549300Y7VHGU0I7CE873
        
        64110LAS5
        
          
        
        175000.00000000
        PA
        USD
        183532.13000000
        0.075594752625
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-04-15
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Waste Connections Inc
        549300HDLRTPBQU69P29
        
        94106B101
        
          
        
        79250.00000000
        NS
        USD
        11071225.00000000
        4.560108985445
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Morgan Stanley BAML Trust
        N/A
        
        61761DAD4
        
          
        
        129715.75000000
        PA
        USD
        129744.72000000
        0.053440343185
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2045-11-15
          Fixed
          2.86000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo Commercial Mortgage Trust
        N/A
        
        94989MAF6
        
          
        
        90661.22000000
        PA
        USD
        91372.15000000
        0.037635127299
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2058-07-15
          Fixed
          3.46000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GM Financial Securitized Term Auto Receivables Tr
        N/A
        
        362590AC5
        
          
        
        273180.83000000
        PA
        USD
        269814.29000000
        0.111133372163
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-04-16
          Fixed
          0.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        
        3137AXK44
        
          
        
        36711.71000000
        PA
        USD
        35749.50000000
        0.014724803820
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2033-01-15
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31418UCL6
        
          
        
        100421.46000000
        PA
        USD
        108440.82000000
        0.044665514220
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2040-05-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Roper Technologies Inc
        54930003T4SXCIWVXY35
        
        776696106
        
          
        
        22800.00000000
        NS
        USD
        10766844.00000000
        4.434737986925
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        
        3132DWBB8
        
          
        
        980861.17000000
        PA
        USD
        913473.88000000
        0.376249281191
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-03-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Welltower Inc
        T6IZ0MBEG5ACZDTR7D06
        
        95040QAD6
        
          
        
        225000.00000000
        PA
        USD
        233668.71000000
        0.096245427591
        Long
        DBT
        
        US
        N
        
        2
        
          2028-04-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        DIGITAL REALTY TRUST LP
        CD4SPTZ3YBTHY0C1AH38
        
        25389JAU0
        
          
        
        175000.00000000
        PA
        USD
        174227.00000000
        0.071762077656
        Long
        DBT
        
        US
        N
        
        2
        
          2029-07-01
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Electronic Arts Inc
        549300O7A67PUEYKDL45
        
        285512AD1
        
          
        
        175000.00000000
        PA
        USD
        184864.11000000
        0.076143379716
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-03-01
          Fixed
          4.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAXTER INTERNATIONAL INC
        J5OIVXX3P24RJRW5CK77
        
        071813CB3
        
          
        
        200000.00000000
        PA
        USD
        172523.40000000
        0.071060384604
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Fixed
          1.73000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Bunge Ltd Finance Corp
        549300QHC068L40NNM71
        
        120568AX8
        
          
        
        175000.00000000
        PA
        USD
        174366.00000000
        0.071819330142
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-08-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PROLOGIS LP
        GL16H1DHB0QSHP25F723
        
        74340XBM2
        
          
        
        175000.00000000
        PA
        USD
        162604.95000000
        0.066975090251
        Long
        DBT
        
        US
        N
        
        2
        
          2030-04-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PARTNERRE FINANCE B LLC
        549300O0FAGHK2F79881
        
        70213BAB7
        
          
        
        175000.00000000
        PA
        USD
        175160.14000000
        0.072146427184
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-07-02
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUMANA INC
        529900YLDW34GJAO4J06
        
        444859BK7
        
          
        
        250000.00000000
        PA
        USD
        242010.41000000
        0.099681276932
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-08-15
          Fixed
          3.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        91282CAY7
        
          
        
        1100000.00000000
        PA
        USD
        994339.84000000
        0.409557030858
        Long
        DBT
        UST
        US
        N
        
        2
        
          2027-11-30
          Fixed
          0.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREEPORT-MCMORAN INC
        549300IRDTHJQ1PVET45
        
        35671DCH6
        
          
        
        175000.00000000
        PA
        USD
        178937.50000000
        0.073702277894
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-08-01
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Church & Dwight Co Inc
        POOXSI30AWAQGYJZC921
        
        171340102
        
          
        
        23000.00000000
        NS
        USD
        2285740.00000000
        0.941469757176
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31418DY22
        
          
        
        887774.34000000
        PA
        USD
        843071.45000000
        0.347251337997
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Danaher Corp
        S4BKK9OTCEWQ3YHPFM11
        
        235851102
        
          
        
        43200.00000000
        NS
        USD
        12671856.00000000
        5.219390303049
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ANSYS Inc
        549300VJV8H15Z5FJ571
        
        03662Q105
        
          
        
        14000.00000000
        NS
        USD
        4447100.00000000
        1.831708837023
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Boardwalk Pipelines LP
        549300W6AQ2GHHCGL606
        
        096630AD0
        
          
        
        175000.00000000
        PA
        USD
        180846.46000000
        0.074488556346
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-12-15
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        
        36179VZT0
        
          
        
        115592.93000000
        PA
        USD
        116595.55000000
        0.048024352790
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2050-12-20
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3140XCMK1
        
          
        
        377697.34000000
        PA
        USD
        367459.65000000
        0.151352361798
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-07-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912810PX0
        
          
        
        260000.00000000
        PA
        USD
        333521.09000000
        0.137373463130
        Long
        DBT
        UST
        US
        N
        
        2
        
          2038-05-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FHLMC Multifamily Structured Pass Through Certs.
        S6XOOCT0IEG5ABCC6L87
        
        3137FJXQ7
        
          
        
        550000.00000000
        PA
        USD
        563913.13000000
        0.232269268407
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2025-08-25
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3140XAFJ6
        
          
        
        187887.01000000
        PA
        USD
        192065.36000000
        0.079109490948
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2049-06-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mettler-Toledo International Inc
        5493000BD5GJNUDIUG10
        
        592688105
        
          
        
        2400.00000000
        NS
        USD
        3295656.00000000
        1.357442427422
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CONAGRA BRANDS INC
        54930035UDEIH090K650
        
        205887CF7
        
          
        
        175000.00000000
        PA
        USD
        155570.07000000
        0.064077504889
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-11-01
          Fixed
          1.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912810SA7
        
          
        
        669000.00000000
        PA
        USD
        729366.80000000
        0.300417713339
        Long
        DBT
        UST
        US
        N
        
        2
        
          2048-02-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        
        3132DV4G7
        
          
        
        130371.95000000
        PA
        USD
        124981.17000000
        0.051478292269
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2049-11-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        S&P Global Inc
        Y6X4K52KMJMZE7I7MY94
        
        78409V104
        
          
        
        21727.00000000
        NS
        USD
        8911980.86000000
        3.670741403756
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        
        3133AAH96
        
          
        
        208250.65000000
        PA
        USD
        194030.48000000
        0.079918901051
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-09-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        31417A5K1
        
          
        
        101457.41000000
        PA
        USD
        106104.16000000
        0.043703071106
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2042-02-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912828ZF0
        
          
        
        980000.00000000
        PA
        USD
        924185.94000000
        0.380661454285
        Long
        DBT
        UST
        US
        N
        
        2
        
          2025-03-31
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        
        3140XD4U7
        
          
        
        220329.37000000
        PA
        USD
        222270.71000000
        0.091550723779
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2049-06-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IDEXX Laboratories Inc
        OGMTXK0LUU1HKV2P0J84
        
        45168D104
        
          
        
        10500.00000000
        NS
        USD
        5744130.00000000
        2.365940429046
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-04-27
      VALUE LINE FUNDS VARIABLE TRUST
      Christopher Roleke
      Christopher Roleke
      Treasurer
    
  
  XXXX

 

n Value Line Strategic Asset Management Trust

 

Schedule of Investments

 

March 31, 2022 (Unaudited)

 

Shares					Value
Common Stocks  — 67.4%
Consumer Discretionary  2.8%
Retail  2.8%
5,200			Domino's Pizza, Inc.		$	2,116,452
75,600			TJX Cos., Inc.			4,579,848
						6,696,300
Consumer Staples  4.7%
Household Products  0.9%
23,000			Church & Dwight Co., Inc.			2,285,740
Retail  3.8%
16,000			Costco Wholesale Corp.			9,213,600
						11,499,340
Financials  4.9%
Commercial Services  3.7%
21,727			S&P Global, Inc.			8,911,981
Insurance  1.2%
60,500			Arch Capital Group Ltd.  (1)			2,929,410
						11,841,391
Healthcare  14.6%
Electronics  1.4%
2,400			Mettler-Toledo International, Inc.  (1)			3,295,656
Healthcare Products  12.4%
43,200			Danaher Corp.			12,671,856
10,500			IDEXX Laboratories, Inc.  (1)			5,744,130
20,000			Thermo Fisher Scientific, Inc.			11,813,000
						30,228,986
Healthcare Services  0.8%
4,000			UnitedHealth Group, Inc.			2,039,880
						35,564,522
Industrials  17.4%
Aerospace & Defense  1.3%
5,000			TransDigm Group, Inc.  (1)			3,257,700
Aerospace/Defense  1.5%
23,000			HEICO Corp.			3,531,420
Commercial Services  2.6%
183,500			Rollins, Inc.			6,431,675
Environmental Control  4.6%
79,250			Waste Connections, Inc.			11,071,225
Machinery  - Diversified  0.5%
13,600			Toro Co.			1,162,664
Software  4.4%
22,800			Roper Technologies, Inc.			10,766,844
Transportation   2.5%
22,000			Union Pacific Corp.			6,010,620
						42,232,148
Information Technology  17.7%
Aerospace & Defense  1.2%
6,100			Teledyne Technologies, Inc.  (1)			2,883,043
Diversified Financial Services  3.0%
20,000			MasterCard, Inc. Class A			7,147,600
Software 13.5%
5,000			Adobe, Inc.  (1)			2,278,100
14,000			ANSYS, Inc.  (1)			4,447,100
25,000			Cadence Design Systems, Inc.  (1)			4,111,500
10,000			Fidelity National Information Services, Inc.			1,004,200
38,000			Fiserv, Inc.  (1)			3,853,200
11,000			Intuit, Inc.			5,289,240
35,600			Salesforce.com, Inc.  (1)			7,558,592
7,732			ServiceNow, Inc.  (1)			4,305,873
						32,847,805
						42,878,448
Materials  2.3%
Chemicals  1.9%
26,400			Ecolab, Inc.			4,661,184
Packaging & Containers  0.4%
7,900			AptarGroup, Inc.			928,250
						5,589,434
Real Estate  1.3%
REITS   1.3%
13,000			American Tower Corp. REIT			3,265,860
Utilities  1.7%
Electric  1.7%
48,000			NextEra Energy, Inc.			4,066,080
Total Common Stocks (Cost $47,435,393)						163,633,523

 

Principal Amount						Value
Asset-Backed Security  — 0.1%
273,181			GM Financial Consumer Automobile Receivables Trust, Series 2020-3, Class A3, 0.45%, 4/16/25			269,814
Total Asset-Backed Securities (Cost $272,893)						269,814

 

 

n Value Line Strategic Asset Management Trust

 

Schedule of Investments

 

March 31, 2022 (Unaudited)

 

Principal Amount							Value
Commercial Mortgage-Backed Securities  — 0.9%
$	550,000			FHLMC Multifamily Structured Pass-Through Certificates, Series K733, Class A2, 3.75%, 8/25/25		$	563,913
250,000				FHLMC Multifamily Structured Pass-Through Certificates, Series K062, Class A2, 3.41%, 12/25/26			257,144
250,000				FHLMC Multifamily Structured Pass-Through Certificates, Series K065, Class A2, 3.24%, 4/25/27			255,570
160,000				FHLMC Multifamily Structured Pass-Through Certificates, Series K069, Class A2, 3.19%, 9/25/27 (3)			163,282
250,000				FHLMC Multifamily Structured Pass-Through Certificates, Series K089, Class A2, 3.56%, 1/25/29			261,329
190,374				FHLMC Multifamily Structured Pass-Through Certificates, Series K101, Class A1, 2.19%, 7/25/29			187,004
207,466				Morgan Stanley Bank of America Merrill Lynch Trust, Series 2012-C5, Class A4, 3.18%, 8/15/45			207,442
129,716				Morgan Stanley Bank of America Merrill Lynch Trust, Series 2012-C6, Class A4, 2.86%, 11/15/45			129,745
90,661				Wells Fargo Commercial Mortgage Trust, Series 2015-NXS2, Class ASB, 3.46%, 7/15/58			91,372
Total Commercial Mortgage-Backed Securities (Cost $2,193,321)							2,116,801
Corporate Bonds & Notes  — 2.0%
Basic Materials  0.2%
Chemicals  0.1%
175,000				Nutrien Ltd., Senior Unsecured Notes, 4.20%, 4/1/29			182,887
Mining  0.1%
175,000				Freeport-McMoRan, Inc., Guaranteed Notes, 4.63%, 8/1/30 (2)			178,937
Communications  0.2%
Internet  0%
175,000				Netflix, Inc., Senior Unsecured Notes, 4.88%, 4/15/28			183,532
Media  0.1%
200,000				Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Notes, 4.91%, 7/23/25 (2)			207,632
Telecommunications  0.1%
200,000				Motorola Solutions, Inc., Senior Unsecured Notes, 4.60%, 5/23/29			207,999
							599,163
Consumer, Non-Cyclical  0.4%
Agriculture  0.1%
175,000				Bunge Ltd. Finance Corp., Guaranteed Notes, 3.25%, 8/15/26			174,366
Food  0.1%
175,000				Conagra Brands, Inc., Senior Unsecured Notes, 1.38%, 11/1/27			155,570
Healthcare Services  0.1%
175,000				Centene Corp., Senior Unsecured Notes, 4.63%, 12/15/29			177,100
250,000				Humana, Inc., Senior Unsecured Notes, 3.13%, 8/15/29			242,010
							419,110
Pharmaceuticals  0.1%
200,000				AbbVie, Inc., Senior Unsecured Notes, 2.95%, 11/21/26			198,682
							198,682
							947,728
Energy  0.1%
Oil & Gas  0.1%
175,000				Hess Corp., Senior Unsecured Notes, 4.30%, 4/1/27			179,983
							179,983
Financial  1.0%
Banks  0.3%
200,000				ING Groep NV, Senior Unsecured Notes, 3.95%, 3/29/27			202,739
500,000				JPMorgan Chase & Co., Senior Unsecured Notes, 3.20%, 1/25/23 (2)			505,276
							708,015
Insurance  0.3%
250,000				CNA Financial Corp., Senior Unsecured Notes, 3.95%, 5/15/24			254,056
175,000				PartnerRe Finance B LLC, Guaranteed Notes, 3.70%, 7/2/29			175,160
200,000				Principal Financial Group, Inc., Guaranteed Notes, 3.70%, 5/15/29			204,590
175,000				Prudential Financial, Inc., Junior Subordinated Notes, (3-month LIBOR + 2.67%), 5.70%, 9/15/48 (2)(3)			178,532
							812,338

 

 

n Value Line Strategic Asset Management Trust

 

Schedule of Investments

 

March 31, 2022 (Unaudited)

 

Principal Amount						Value
Corporate Bonds & Notes  — 2.0% (Continued)
Financial  1.0% (Continued)
REITS  0.4%
200,000			AvalonBay Communities, Inc., Senior Unsecured Notes, 2.45%, 1/15/31			188,160
175,000			Digital Realty Trust LP, Guaranteed Notes, 3.60%, 7/1/29			174,227
200,000			Duke Realty LP, Senior Unsecured Notes, 4.00%, 9/15/28			204,512
175,000			Prologis LP, Senior Unsecured Notes, 2.25%, 4/15/30			162,605
225,000			Welltower, Inc., Senior Unsecured Notes, 4.25%, 4/15/28 (2)			233,668
						963,172
						2,483,525
Technology  0.1%
Software  0.1%
175,000			Electronic Arts, Inc., Senior Unsecured Notes, 4.80%, 3/1/26			184,864
						184,864
Total Corporate Bonds & Notes (Cost $4,910,804)						4,757,087
Long-Term Municipal Securities  — 0%
Virginia  0%
125,000			Fairfax County Economic Development Authority, Refunding Revenue Bonds, Series C, 2.43%, 10/1/34			112,657
Total Long-Term Municipal Securities (Cost $125,526)						112,657
U.S. Government Agency Obligations  — 0.2%
250,000			FHLB, 3.25%, 3/8/24			254,482
250,000			FNMA, 2.38%, 1/19/23			251,662
Total U.S. Government Agency Obligations (Cost $501,303)						506,144
Residential Mortgage-Backed Securities  — 3.7%
Mortgage Securities   3.7%
208,251			FHLMC Pool #QB3856, 2.00%, 9/1/50		$	194,031
130,372			FHLMC Pool #SD8023, 2.50%, 11/1/49			124,981
137,151			FHLMC Pool #SD8098, 2.00%, 10/1/50			127,802
980,861			FHLMC Pool #SD8134, 2.00%, 3/1/51			913,474
144,221			FHLMC Pool #SD8173, MBS, 2.50%, 10/1/51			137,968
36,712			FHLMC REMIC Trust, Series 4151, Class PA, 2.00%, 1/15/33			35,750
101,457			FNMA Pool #AB4449, 4.00%, 2/1/42			106,104
100,422			FNMA Pool #AD6374, 5.00%, 5/1/40			108,441
121,389			FNMA Pool #AH4865, 4.50%, 2/1/41			126,687
643,398			FNMA Pool #AP1340, 3.50%, 7/1/42			655,573
165,724			FNMA Pool #AS9459, 4.50%, 4/1/47			173,880
159,145			FNMA Pool #AT0969, 3.00%, 4/1/43			158,731
219,391			FNMA Pool #AT8849, 4.00%, 6/1/43			227,978
120,379			FNMA Pool #AU8846, 3.00%, 11/1/43			120,140
244,262			FNMA Pool #CA5540, 3.00%, 4/1/50			240,172
182,583			FNMA Pool #FM5091, 1.50%, 12/1/50			163,375
187,887			FNMA Pool #FM6468, 4.00%, 6/1/49			192,065
377,697			FNMA Pool #FM8461, MBS, 2.00%, 7/1/36			367,460
1,022,801			FNMA Pool #FM9508, MBS, 2.50%, 10/1/36			1,017,290
220,329			FNMA Pool #FM9834, 3.50%, 6/1/49			222,271
138,529			FNMA Pool #MA4077, 2.00%, 7/1/50			129,145
181,833			FNMA Pool #MA4100, 2.00%, 8/1/50			169,512
704,743			FNMA Pool #MA4159, 2.50%, 10/1/50			674,914
262,794			FNMA Pool #MA4222, 3.50%, 12/1/50			264,046
887,774			FNMA Pool #MA4328, 1.50%, 5/1/36			843,071
495,699			FNMA Pool #MA4548, MBS, 2.50%, 2/1/52			474,207
290,165			GNMA II Pool #4016, 5.50%, 8/20/37			321,928
111,121			GNMA II Pool #MA1090, 3.50%, 6/20/43			114,181
115,593			GNMA II Pool #MA7054, 3.50%, 12/20/50			116,596
338,768			GNMA II Pool #MA7651, 3.50%, 10/20/51			341,598
						8,863,371
Total Residential Mortgage-Backed Securities (Cost $9,308,715)						8,863,371

 

 

n Value Line Strategic Asset Management Trust

 

Schedule of Investments

 

March 31, 2022 (Unaudited)

 

Principal Amount						Value
U.S. Treasury Obligations  — 2.9%
$	260,000			U.S. Treasury Bonds, 4.50%, 5/15/38		$	333,521
	1,040,000			U.S. Treasury Bonds, 3.00%, 5/15/42			1,103,091
	669,000			U.S. Treasury Bonds, 3.00%, 2/15/48			729,367
	980,000			U.S. Treasury Notes, 0.50%, 3/31/25			924,186
	1,000,000			U.S. Treasury Notes, 0.38%, 11/30/25			925,547
	250,000			U.S. Treasury Notes, 0.63%, 3/31/27			228,896
	1,100,000			U.S. Treasury Notes, 0.63%, 11/30/27			994,340
	800,000			U.S. Treasury Notes, 2.88%, 5/15/28			819,562
	1,220,000			U.S. Treasury Notes, 1.13%, 2/15/31			1,102,146
Total U.S. Treasury Obligations (Cost $7,534,374)							7,160,656

 

Shares							Value
Short-Term Investments  — 22.4%
Money Market Funds  — 22.4%
	53,739,339			State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.25%  (4)			53,739,339
	594,888			State Street Navigator Securities Lending Government Money Market Portfolio  (5)			594,888
							54,334,227
Total Short-Term Investments (Cost $54,334,227)							54,334,227
Total Investments In Securities  — 99.6% (Cost $126,616,556)						$	241,754,280
Cash And Other Assets In Excess Of Liabilities  — 0.4%							1,031,520
Net Assets (6) —100.0%						$	242,785,800

 

(1)		Non-income producing.
(2)		A portion or all of the security was held on loan. As of March 31, 2022, the market value of the securities on loan was $583,296.
(3)		Floating or variable rate security. The rate disclosed is the rate in effect as of March 31, 2022. The information in parentheses represents the benchmark and reference rate for each relevant security and the rate adjusts based upon the reference rate and spread. The security may be further subject to interest rate floor and caps. For securities which do not indicate a reference rate and spread in their descriptions, the interest rate adjusts periodically based on current interest rates and, for mortgage-backed securities, prepayments in the underlying pool of assets.
(4)		Rate reflects 7 day yield as of March 31, 2022.
(5)		Securities with an aggregate market value of $583,296 were out on loan in exchange for collateral including $594,888 of cash collateral as of March 31, 2022. The collateral was invested in a cash collateral reinvestment vehicle.
(6)		For federal income tax purposes, the aggregate cost was $126,616,556, aggregate gross unrealized appreciation was $116,880,741, aggregate gross unrealized depreciation was $1,743,017 and the net unrealized appreciation was $115,137,724.
FHLB		Federal Home Loan Bank.
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association.
GNMA		Government National Mortgage Association.
LIBOR		London Interbank Offered Rate.
REITs		Real Estate Investment Trusts.
REMIC		Real Estate Mortgage Investment Conduit.

 

 

The Fund follows fair valuation accounting standards (FASB ASC 820-10) which establishes a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below:

 

• Level 1 –

Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access at the measurement date;

 

• Level 2 –

Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active;

  

• Level 3 –

Inputs that are unobservable.

 

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

The following table summarizes the inputs used to value the Fund's investments in securities as of March 31, 2022:

 

Investments in Securities:		Level 1				Level 2				Level 3				Total
Assets
Common Stocks*		$	163,633,523			$	—			$	—			$	163,633,523
Asset-Backed Security			—				269,814				—				269,814
Commercial Mortgage-Backed Securities			—				2,116,801				—				2,116,801
Corporate Bonds & Notes*			—				4,757,087				—				4,757,087
Long-Term Municipal Securities*			—				112,657				—				112,657
U.S. Government Agency Obligations			—				506,144				—				506,144
Residential Mortgage-Backed Securities			—				8,863,371				—				8,863,371
U.S. Treasury Obligations			—				7,160,656				—				7,160,656
Short-Term Investments			54,334,227				—				—				54,334,227
Total Investments in Securities		$	217,967,750			$	23,786,530			$	—			$	241,754,280

 

*See Schedule of Investments for further breakdown by category.  

 

An investments asset or liability level within the fair value hierarchy is based on the lowest level input, individually or in aggregate, that is significant to fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the volume and level of activity for an asset or liability and regardless of the valuation techniques used.

 

During the period ended March 31, 2022, there were no Level 3 investments.

 

 

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