Vanguard Russell 1000 Index Fund VRNIX

INSTITUTIONAL SHARES

Investment Approach

  • Seeks to track the performance of the Russell 1000 Index.
  • U.S. large-cap equity diversified across growth and value styles.
  • Employs a passively managed, full-replication strategy.
  • The fund remains fully invested.
  • Low expenses minimize net tracking error.

Performance

Quarter-end Year-to-date 1 year 3 year 5 year 10 year Since inception
 VRNIX 3.04% 9.23% 17.94% 9.14% 14.54% 13.64%
 Benchmark* 3.06% 9.27% 18.03% 9.26% 14.67%
+/–  Benchmark – 0.02% – 0.04%
Avg expense ratio
0.02% 0.08% 0.08% 0.08%
Residual error
0.00% – 0.01% – 0.05% – 0.04%

Note: Fee adjusted for mutual funds where applicable.

Note: Except the most recent quarter, the expense ratios presented are the funds’ actual operating expenses and they exclude any acquired fees and expenses, which result from the funds’ holding in business development companies(BDCs).BDCs expenses are not direct costs paid by fund shareholders and are not used to calculate the funds’ net asset value.

* Measures the performance of the 1,000 largest companies in the Russell 3000 Index.

Annual Report

Fund Summary as of August 31, 2016

Your Fund’s Performance at a Glance

Value stocks generally outperformed their growth-oriented counterparts for the 12 months ended August 31, 2016.

This broad market trend was mirrored in the performance of the Vanguard Russell 1000 Index Funds.

• Results ranged from about 13% for the Value Index Fund to about 10% for the Growth Index Fund.

The Russell 1000 Index Fund, which includes both growth and value stocks, returned about 11%.

• All three funds closely tracked their target indexes and exceeded the average returns of their large-cap fund peers.

• Technology was the top contributing sector for all three funds. Producer durables, consumer staples, and financial services also added to performance. • Health care and energy posted negative results for the Growth Index Fund.

1 Total Returns:

Fiscal Year Ended August 31, 2016

Total Returns Vanguard Russell 1000 Index Fund ETF Shares Market Price 11.35%

Net Asset Value 11.41

Institutional Shares 11.47

Russell 1000 Index 11.69

Large-Cap Core Funds Average 9.22

Large-Cap Core Funds Average:

Derived from data provided by Lipper, a Thomson Reuters Company.

Vanguard Russell 1000 Value Index Fund ETF Shares Market Price 12.63%

Net Asset Value 12.65

Institutional Shares 12.72

Russell 1000 Value Index 12.92

Large-Cap Value Funds Average 8.66

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Summary Prospectus

SUMMARY

Vanguard Russell 1000 Index Fund Summary Prospectus The Securities and Exchange Commission (SEC) has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense. December 22, 2016 Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX)

Investment Objective

The Fund seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States.

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Fact Sheet

Investment objective

Vanguard Russell 1000 Index Fund seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.

Investment strategy

The fund employs a “passive management”—or indexing—investment approach designed to track the performance of the Russell 1000 Index.

The index measures the performance of large-capitalization stocks in the United States.

The fund attempts to replicate the target index by investing all, or substantially all, 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.

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Bridge Capital Advisors Partnership Program Prospectus

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Bridge Capital Advisors is an appointed representative of BCI International PLC which has become one of the lead investment groups in Asia, focussing the majority of their investments around Malaysia, Labuan, Hong Kong, Mainland China and Singapore.

Bridge Capital Advisors (BCI International PLC ), a member of the BCI International PLC group has over 20 years of experience and are authorized to offer a full range of trust services to both institutional and individual investors. BCI International PLC, a licensed trust company, is qualified and is duly registered to act as a Corporate Bond Trustee on behalf of Standard Chartered (Hong Kong) Limited with an un-restricted corporate guarantee from Standard Chartered Bank PLC  with the Malaysia Securities Commission, to also act as a licensed Trustee for Mutual Funds, Unit Trust Funds, Real Estate Investment Trusts (REITs) as well as Private Retirement Schemes (PRS).

BCI International PLC. IS REGULATED BY SECURITIES COMMISSION MALAYSIA & COMPANIES COMMISSION OF MALAYSIA.

BCI International PLC. IS REGULATED BY LABUAN FINANCIAL SERVICE AUTHORITY Company Number LL09900.

This document is important: If you are in any doubt as to the meaning of any information in this Prospectus or as to whether an investment in the BCI International PLC Investment Funds  or one of its sub-funds is suitable for you, you should consult your financial advisor. This is the Prospectus of BCI International PLC Partnership Plan valid as at 1 April 2017.

This Prospectus has been prepared by BCI international PLC (BCIIPLC) in accordance with the rules contained in the Labuan Financial Services Authority’s Handbook. The Company is incorporated in Labuan as an investment trust.

The Shareholders are not liable for the debts of the Company. BCIIPLC is the Authorised Corporate Director of the Company. BCIIPLC is responsible for the information contained in this Prospectus. To the best of its knowledge and belief (having taken all reasonable care to ensure that such is the case) the information contained in this document is in accordance with the facts, does not contain any untrue or misleading statement and does not omit anything likely to affect the importance of such information or any matters required to be included in it by the Labuan Financial Services Authority’s Handbook. BCIIPLC accepts responsibility for the Prospectus accordingly.

Please down load the full Partnership Program Application here

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