Yes, you can buy low-cost passively-managed funds that invest in value stocks, based on objective criteria. One example is VBR, Vanguard's small-cap value ETF,

Yes, you can buy low-cost passively-managed funds that invest in value stocks, based on objective criteria. One example is VBR, Vanguard's small-cap value ETF, with an expense ratio of 0.07%. There are many others.