Vanguard Small Capitalization Value Index Fund Investor Shares (VISVX)

Vanguard Small-Cap Value Index Fund Investor Shares is a mutual fund designed to track the performance of the CRSP US Small Cap Value Index, providing investors exposure to value-oriented small-capitalization companies in the United States. The fund uses a market-capitalization-weighted approach, ensuring broad diversification across hundreds of holdings and representing the cheaper segment of the small-cap market—companies typically characterized by low price/book and price/earnings ratios. Key sectors include financials and industrials, each comprising around 20% of the portfolio, with no single holding exceeding 1% of total assets. This structure makes the fund a comprehensive representation of the small-cap value market segment. Notable for its low expense ratio and low portfolio turnover, the fund aims for efficient, cost-effective index tracking. By investing in nearly all the securities within its benchmark, the fund provides investors with broadly diversified access to U.S. small-cap value stocks, impacting a wide range of industries from consumer cyclicals to utilities and basic materials.