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Vanguard Lifetime Income Program - Balanced Portfolio

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. Expense ratio information can be found on the Overview page.

Average Annual Returns—Updated Monthly as of 10/31/2015
 1 Year3 Year5 Year10 YearSince Inception
VLIP-Balanced Portfolio2.45%9.90%9.48% 7.22%7.72%
Composite Stock/Bond Index (VVIF)*4.34%11.13% 10.77%7.13%7.18%

Recent Investment Returns
as of 11/27/2015
as of 10/31/2015
Three-Month Total
as of 10/31/2015
VLIP-Balanced Portfolio1.14%0.96%5.31% –0.79%
Composite Stock/Bond Index (VVIF)*2.36% 5.55%0.01%

See cumulative, yearly, and quarterly historical returns

*Made up of two unmanaged benchmarks, weighted 65% S&P 500 Index and 35% Barclays U.S. Credit A or Better Bond Index.