How to Play Small Caps and the Value Factor Simultaneously March 3, 2021 The small cap rally doesn’t appear to be slowing down. Combine that with a value resurgence and you get a potent combination in the “The stars are really lined up for small-caps as an asset class this year,” said Amy Zhang, a small-cap fund portfolio manager at Alger. VBR seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value stocks of small U.S. companies.