Vanguard Developed Markets ex-US Value Index 

VDV provides passive exposure to value-oriented companies across developed markets outside the United States. The fund tracks an index of large- and mid-cap stocks classified as value names and weights holdings by float-adjusted market capitalization, resulting in larger positions in the biggest companies within the eligible universe. The strategy can offer international diversification while emphasizing businesses trading at lower valuations relative to growth-oriented peers. It may appeal to those seeking developed ex-US equity exposure with a value style tilt.