RATINGS* Vanguard Russell 1000 is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Russell 1000 Index.

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1 Vanguard Russell 1000 Index Fund (VONE) Tearsheet as of 7:57 pm, May 02, Summary RATINGS* DIAMONDS* ETFG RISK RATING 2.65 ETFG REWARD RATING 4.09 Description Vanguard Russell 1000 is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Russell 1000 Index. ETFG SCORE BEHAVIORAL FUNDAMENTAL GLOBAL QUALITY Inception Date: 09/22/2010 Expense Ratio: 0.12% Related Index: Russell 1000 TR USD Historical prices (1 year) Last Change (-0.05%) Last Volume 123 Bid Ask High Low Open Previous Close Volume 12K Dividend Yield 1.52% Beta wk High wk Low Date 5/2/2014 Time 5:20:00 PM Apr 02 Apr 10 Apr 17 Apr 28 May 02 Key - Green Diamond Reward Ratings Key - Red Diamond Risk Ratings Key: Key: Underperform Market Perform Outperform Low Risk Moderate Risk High Risk (c) ETF Global Page 1 of 6

2 Exposure Geographic Exposure United States Ireland Bermuda Switzerland Netherlands Canada Great Britain Panama Jersey Singapore 95.9% Currency Exposure USD 99.3% Sector Exposure 15.6% 12.4% 16.9% 12.1% 5.5% 11.1% 9.4% 8.7% Information Technology Financials Health Care Consumer Discretionary Industrials Energy Consumer Staples Materials Utilities Telecommunication Services Services Industry Group Exposure 8.3% 5.8% 5.6% 5.5% 4.6% 4.6% 4.1% 4.1% Industry Exposure 99.9% (c) ETF Global Oil Gas & Consumable Fuels Pharmaceuticals 4%4.4% 5.8% Insurance 5.9% Software Computers & Peripherals 8.2% Media Commercial Banks IT Services Aerospace & Defense Chemicals Internet Software & Services Machinery Diversified Financial Services Biotechnology Coupon Exposure Real Estate Investment Trusts (REITs) Capital Markets 0-2% Specialty Retail Health Care Providers & Services Semiconductors & Semiconductor Equipment Food & Staples Retailing Hotels Restaurants & Leisure Industrial Conglomerates Beverages 99.4% Household Products Energy Equipment & Services Health Care Equipment & Supplies Internet & Catalog Retail Communications Equipment Electric Utilities Food Products Energy Software & Services Pharmaceuticals Biotechnology & Life Sciences 8.3% Capital Goods 9% Technology Hardware & Equipment Diversified Financials 9.4% Food Beverage & Tobacco Retailing Insurance Health Care Equipment & Services Materials Media Banks Utilities Sub-Industry Exposure Real Estate Semiconductors & Semiconductor Equipment Transportation Pharmaceuticals Food & Staples Retailing Integrated Oil & Gas 4.2% 6.9% Household & Personal Products Computer Hardware Consumer Services 7.6% Systems Software Telecommunication Services Aerospace & Defense 7.7% Consumer Durables & Apparel Internet Software & Services Automobiles & Components Biotechnology Commercial & Professional Services Diversified Financial Services Services Semiconductors Commercial & Professional Services Industrial Conglomerates Oil & Gas Exploration & Production Household Products Diversified Banks Health Care Equipment Maturity Exposure Communications Equipment Internet Retail 0-1 Soft Drinks Oil & Gas Equipment & Services IT Consulting & Services Electric Utilities Industrial Machinery Reinsurance Asset Management & Custody Banks Movies & Entertainment Cable & Satellite Packaged Foods & Meats Regional Banks Tobacco Data Processing & Outsourced Services Restaurants Page 2 of 6

3 Top Holdings Ticker Fund Ticker Constituent Name Country Currency Weight Shares Market Value 1 AAPL VONE Apple Inc USD 2.59% 56K 30.25M 2 XOM VONE Exxon Mobil Corp USD 2.24% 267K 26.08M 3 MSFT VONE Microsoft Corp USD 1.76% 502K 20.56M 4 GOOG VONE Google Inc USD 1.55% 16K 18.05M 5 JNJ VONE Johnson & Johnson USD 1.42% 169K 16.57M 6 GE VONE General Electric Co USD 1.38% 621K 16.08M 7 WFC VONE Wells Fargo & Co USD 1.24% 290K 14.42M 8 CVX VONE Chevron Corp USD 1.19% 116K 13.85M 9 JPM VONE JPMorgan Chase & Co USD 1.18% 227K 13.78M 10 BRK.B VONE Berkshire Hathaway Inc USD 1.16% 108K 13.51M 11 PG VONE Procter & Gamble Co/The USD 1.14% 165K 13.27M 12 PFE VONE Pfizer Inc USD 1.11% 402K 12.90M 13 VZ VONE Verizon Communications Inc USD 1.01% 248K 11.79M 14 T VONE AT&T Inc USD 0.97% 323K 11.33M 15 IBM VONE International Business Machines Corp USD 0.97% 59K 11.30M 16 BAC VONE Bank of America Corp USD 0.96% 647K 11.14M 17 MRK VONE Merck & Co Inc USD 0.88% 181K 10.29M 18 KO VONE Coca-Cola Co/The USD 0.76% 230K 8.88M 19 C VONE Citigroup Inc USD 0.75% 183K 8.70M 20 DIS VONE Walt Disney Co/The USD 0.74% 108K 8.66M Product Info Service Providers Tax Classification Administrator The Vanguard Group, Inc. Tax Classification Regulated Investment Company Advisor The Vanguard Group, Inc. Commodity Pool Operator - Commodity Trading Advisor - Custodian The Bank of New York Mellon Corporation Depositor - Depository - Distributor Vanguard Marketing Corporation Futures Commission Merchant - Expenses Management Fee.080% Expenses.040% Total Expenses.120% Fee Waivers.000% Net Expenses.120% General Partner - Marketing Agent - Pool Manager - Pool Tax Administrator - Portfolio Manager Jeffrey D. Miller Subadvisor - Trust Processing Agent - Transfer Agent The Vanguard Group, Inc. Trust Sponsor - Trustee - Additional Information Fiscal Year End August 31 Distribution Frequency Quarterly Listing Exchange The NASDAQ Stock Market, Inc. Creation Unit Size 50,000 Creation Fee $ SEC Series Id S SEC Class Id C CTA NAV Symbol VONE.NV CTA Est Cash Symbol VONE.SO ETFG Index Membership Index #1 ETFG Global Composite CTA Total Cash Symbol CTA IOPV Symbol VONE.TC VONE.IV Index #2 ETFG Global Equity Index Index #3 ETFG US & Canada Index Index #4 ETFG G20 Index Index #5 ETFG G8 Index Index #6 ETFG Global 500 Index (c) ETF Global Page 3 of 6

4 Performance * 2010 Performance 2011 Performance 2012 Performance 2013 Performance 2014 Performance 12.42% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q % Year Q1 Q2 Q3 Q4 Total % % -0.48% % 10.97% -0.26% % -4.04% 6.33% -0.70% 13.90% % 1.98% 5.74% 9.52% 30.55% % 0.45% % MTD YTD 1 Year 3 Year 5 Year 0.09% 2.07% 18.46% 39.11% - Peer Group Stats (Equity) 1 Month 3 Month 6 Month 1 Year 3 Year Peer Ave. Return 0.95% 0.74% 4.63% 10.13% 10.53% Peer Low % % % % % Peer 25th -0.58% -1.95% 1.31% 0.00% 0.00% Peer Median 1.20% 0.82% 4.66% 11.74% 0.00% Peer 75th 2.47% 3.48% 7.29% 19.97% 33.96% Peer High 15.03% 24.67% 29.17% 82.93% 88.58% Number of Funds Fund Return -0.24% 0.89% 5.40% 19.62% 38.87% Fund Percentile 49% 49% 50% 69% 85% Peer Group Stats (Size and Style) 1 Month 3 Month 6 Month 1 Year 3 Year Peer Ave. Return 0.65% 0.14% 4.17% 13.30% 20.04% Peer Low -5.17% % % % % Peer 25th -0.77% -1.96% 1.45% 7.49% 0.00% Peer Median 0.92% -0.10% 4.21% 17.61% 30.44% Peer 75th 1.76% 2.21% 6.26% 20.64% 38.56% Peer High 15.03% 18.50% 29.17% 43.62% 61.86% Number of Funds Fund Return -0.24% 0.89% 5.40% 19.62% 38.87% Fund Percentile 59% 60% 55% 59% 77% (c) ETF Global Page 4 of 6

5 Peer Group Stats (Large Cap) 1 Month 3 Month 6 Month 1 Year 3 Year Peer Ave. Return 1.63% 1.30% 5.09% 13.62% 21.45% Peer Low -2.78% -9.14% -5.60% % % Peer 25th 0.89% -0.40% 3.59% 7.49% 0.00% Peer Median 1.57% 1.53% 5.12% 17.10% 32.22% Peer 75th 2.32% 3.01% 6.37% 19.11% 38.73% Peer High 15.03% 12.50% 27.78% 33.12% 61.86% Number of Funds Fund Return -0.24% 0.89% 5.40% 19.62% 38.87% Fund Percentile 36% 41% 36% 71% 75% * - as of 05/02/2014. All return calculations are based off of price only and do not include dividend reinvestment. All returns are cumulative unless stated otherwise. Fund Flows 1 Week 2 Week 1 Month 3 Month Fund Statistics Risk and Reward Diamond Ratings Dynamics Risk & Reward 6.04 Mar 21 Return and Risk Statistics Apr 1 Apr 11 Apr 22 May 1 Statistics 1 year 3 year 5 year Annualized Return 18.46% 11.63% - Beta Standard Deviation 11.55% 16.78% - Sharpe Ratio Treynor Ratio Sortino Ratio All return calculations are based off of price only and do not include dividend reinvestment. (c) ETF Global Page 5 of 6

6 DISCLAIMERS Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. ETF Global LLC ( ETFG ) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages. ETFG ratings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings should not be relied on when making any investment or other business decision. ETFG s opinions and analyses do not address the suitability of any security. ETFG does not act as a fiduciary or an investment advisor. While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. ETFG keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of ETFG may have information that is not available to other ETFG business units. ETFG has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. ETFG may receive compensation for its ratings and certain analyses. ETFG reserves the right to disseminate its opinions and analyses. ETFG's public ratings and analyses are made available on its Websites, (free of charge) and may be distributed through other means, including via ETFG publications and third party redistributors. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. (c) ETF Global Page 6 of 6

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