Vanguard Small-Cap Value Index Fund ETF Shares (NYSE:VBR) is dedicated to tracking the performance of the CRSP US Small Cap Value Index, which focuses on small-cap U.S. companies that exhibit value characteristics. This exchange-traded fund (ETF) aims to provide investors with diversified exposure to the small-cap value segment of the U.S. equity market, incorporating a passively managed, index-sampling strategy. Vanguard's objective with VBR is to offer low-cost, broad exposure to small-cap companies that are considered undervalued compared to their market counterparts, potentially leading to higher risk-adjusted returns over the long term. By investing in a wide array of sectors and industries, VBR seeks to mitigate risk while capitalizing on the growth potential of small-cap value stocks.