In February 2018, Vanguard debuted a number of exchange-traded funds (ETF) that use rules-based quantitative models to analyze U.S. stocks. There's the Vanguard U.S. Momentum Factor ETF, which hops on stocks that are taking off. Or the Vanguard U.S. Quality Factor ETF, which invests in companies based on strong core metrics like profitability and return on equity.

Then there's the Vanguard U.S. Value Factor ETF (NYSEMKT: VFVA) -- which has tons of bargain-bin and dividend-focused companies. The ETF sports a 2.4% yield. So investing $15,000 in the fund and waiting three years should generate at least $1,000 in dividend income during that period.

Here's why the Vanguard U.S. Value Factor ETF is worth buying now, as well as some risks to consider.

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Source Fool.com