Vanguard Lifetime Income Program - Health Care Fund [QF]

Quarter-End Holdings as of 06/30/2017

RankHoldingPercentage
1Bristol-Myers Squibb Co.6.2%
2Allergan plc5.7%
3UnitedHealth Group Inc.5.4%
4Eli Lilly & Co.4.8%
5AstraZeneca plc4.8%
6Merck & Co. Inc.4.0%
7Regeneron Pharmaceuticals Inc.3.3%
8Vertex Pharmaceuticals Inc.3.1%
9Medtronic plc3.0%
10McKesson Corp.2.7%
Ten largest holdings = 43.0% of total net assets

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

Vanguard portfolio holdings disclaimer