Fund Description: Vanguard Russell 2000 ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Vanguard Scottsdale Fund, an investment management company. INVESTMENT OBJECTIVE: Vanguard Russell 2000 ETF seeks to closely track the return of the Vanguard Russell 2000 Index. INDEX DESCRIPTION: The Vanguard Russell 2000 Index is designed to measure the performance of small-capitalization stocks in the United States. The Index is a broadly diversified Index predominantly made up of stocks of small U.S. companies. FUND STRATEGY: The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. Indexing is an investment strategy using an unmanaged group of securities whose overall performance is used as a standard to measure the investment performance of a particular market. The Fund seeks to closely track the Index’s return, which is considered a gauge of small-cap U.S. stock returns. The Fund attempts to replicate the Index by investing all, or a representative sample, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. FUND MANAGEMENT: The Vanguard Group, Inc. serves as the investment advisor to the Fund.