Vanguard Russell 2000 Value ETF(NASDAQ:VTWV)

The fund tracks a traditional style index that divides the Russell 2000 Index into value and growth subsets using a lone value factor: price-to-book-value. The index uses its preference on value to select from stocks ranked 1001-3000 by market cap. Holdings are weighted in a similar fashion. The fund tilts smaller and avoids a midcap bias, delivering a solid small-cap basket with a side of micro-caps. As one might expect, this small-cap tilt elevates the fund's relative risk. However, the funds sector breakdown is representative of the broader market. The index is reconstituted on an annual basis.