Vanguard Small-Cap Value Index Fund Admiral Shares

This economical index fund provides exposure to small-capitalization U.S. value stocks. Value-oriented equities are typically those whose market prices are perceived to be below their intrinsic worth, and such companies often grow at a slower rate than the general market. The fund's objective is to replicate the performance of a value-style index comprising smaller enterprises. A primary risk factor is its concentration in the small-cap sector, a segment of the market known for its volatility. This fund may be an attractive option for investors looking to integrate a passively managed, small-cap value allocation into an existing diversified portfolio.