Vanguard Lifetime Income Program - Equity Index Portfolio

Quarter-End Holdings as of 09/30/2017

1Apple Inc.3.7%
2Alphabet Inc.2.7%
3Microsoft Corp.2.6%
4Facebook Inc.1.9% Inc.1.8%
6Berkshire Hathaway Inc.1.6%
7Johnson & Johnson1.6%
8Exxon Mobil Corp.1.6%
9JPMorgan Chase & Co.1.5%
10Bank of America Corp.1.1%
Ten largest holdings = 20.1% of total net assets

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

Vanguard portfolio holdings disclaimer