VTV's quarterly rebalancing ensures focus on undervalued large-cap stocks ... the ETF holds stocks with lower price-to-earnings (P/E) and price-to-book (P/B) ratios of 20.2x and 2.8x, respectively ...

This focus on value combined with quality underscores ... that are undervalued (typically measured by ratios like price-to-book or price-to-earnings) to outperform their more expensive ...

price/book (P/B) ratio, earnings growth, and country weightings to attempt to replicate the returns of the Fidelity International Value Focus Index℠.