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Copyright Data Fees | 12 Months Ended
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Apr. 30, 2015
Copyright Data Fees [Abstract] |
Copyright Data Fees | Note 14 - Copyright Data Fees: During the twelve months ended April 30, 2015, copyright data fees of $2,847,000 were 4.2% above fiscal 2014. As of April 30, 2015, total third party sponsored assets were attributable to five contracts for copyright data representing $2.25 billion in various products, as compared to four contracts for copyright data representing $2.28 billion in assets at April 30, 2014. The value of assets managed by third party sponsors was affected by a shift in assets in one of the underlying portfolios during April 2013 and then in February 2014 to a new subadviser which was beyond Value Line’s control. The Company signed a new copyright data contract in the third fiscal quarter of 2015, and the three new exchange-traded funds subject to that contract began trading in March 2015.

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