Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the Vanguard Value ETF (VTV), a passively managed exchange traded fund launched on 01/26/2004.The fund is sponsored by Vanguard. It has amassed assets over $95.23 billion, making it the largest ETFs attempting to match the Large Cap Value segment of the US equity market.Why Large Cap ValueCompanies that find themselves in the large cap category typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.CostsExpense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.Annual operating expenses for this ETF are 0.04%, making it the least expensive products in the space.It has a 12-month trailing dividend yield of 2.48%.Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Healthcare sector--about 24.50% of the portfolio. Financials and Consumer Staples round out the top three.Looking at individual holdings, Berkshire Hathaway Inc. (BRK.B) accounts for about 3.11% of total assets, followed by Johnson & Johnson (JNJ) and Unitedhealth Group Inc. (UNH).The top 10 holdings account for about 21.47% of total assets under management.Performance and RiskVTV seeks to match the performance of the CRSP U.S. Large Cap Value Index before fees and expenses. The CRSP U.S. Large Cap Value Index measures the investment return of large-capitalization value stocks.The ETF has lost about -8.01% so far this year and it's up approximately 0.05% in the last one year (as of 07/25/2022). In the past 52-week period, it has traded between $128.01 and $150.80.The ETF has a beta of 0.92 and standard deviation of 23.49% for the trailing three-year period, making it a medium risk choice in the space. With about 351 holdings, it effectively diversifies company-specific risk.AlternativesVanguard Value ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VTV is an excellent option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.The Vanguard High Dividend Yield ETF (VYM) and the iShares Russell 1000 Value ETF (IWD) track a similar index. While Vanguard High Dividend Yield ETF has $43 billion in assets, iShares Russell 1000 Value ETF has $51.92 billion. VYM has an expense ratio of 0.06% and IWD charges 0.19%.Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vanguard Value ETF (VTV): ETF Research Reports UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Johnson & Johnson (JNJ): Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report Vanguard High Dividend Yield ETF (VYM): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here.