Vanguard Russell 2000 Value Index Fund

Vanguard Russell 2000 Value Index Fund is a mutual fund and exchange-traded fund that provides diversified exposure to U.S. small-cap value stocks. The fund seeks to track the Russell 2000 Value Index by holding a broad portfolio of companies in the lower end of the market-cap spectrum that exhibit value characteristics, with holdings selected and weighted using a price-to-book approach. It serves investors looking for index-based access to the small-cap value segment across a wide range of industries, including financials, industrials, energy, healthcare, and consumer sectors. Managed by Vanguard, the fund is designed as a passive, low-turnover vehicle for participating in the performance of smaller U.S. companies that trade at value-oriented valuations. Its role in the market is to offer a straightforward way to access this distinct equity style within a diversified portfolio.