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Vanguard Lifetime Income Program - Dividend Growth Fund [QF]

Quarter-End Holdings as of 09/30/2015

1United Parcel Service Inc.3.3%
2Microsoft Corp.3.1%
3ACE Ltd.2.8%
4TJX Cos. Inc.2.8%
5UnitedHealth Group Inc.2.7%
6Coca-Cola Co.2.7%
7NIKE Inc.2.7%
8Accenture plc2.6%
9Honeywell International Inc.2.6%
10Chevron Corp.2.6%
Ten largest holdings = 27.9% of total net assets

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

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