As an Exchange-Traded Fund (ETF) that tracks the performance of the Morningstar US Large Cap Value Index, the Vanguard Value ETF (VTV) does not utilize traditional corporate stock splits to adjust its share price valuation. Because an ETF's market price continuously reflects the net asset value (NAV) of its underlying basket of hundreds of diversified large-cap equities, share price adjustments occur naturally through market trading dynamics rather than structural corporate split actions.