Vanguard Lifetime Income Program - Growth Portfolio

Quarter-End Holdings as of 09/30/2016

RankHoldingPercentage
1Alphabet Inc.5.8%
2Facebook Inc.3.8%
3Mastercard Inc.3.5%
4Visa Inc.3.3%
5Amazon.com Inc.2.8%
6Microsoft Corp.2.8%
7PayPal Holdings Inc.2.6%
8Allergan plc2.5%
9Biogen Inc.2.3%
10Celgene Corp.2.2%
Ten largest holdings = 31.6% of total net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.

Vanguard portfolio holdings disclaimer