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Vanguard Lifetime Income Program - Total International Stock Index Fund [QF]

Quarter-End Holdings as of 05/31/2015

RankHoldingPercentage
1Nestle SA1.1%
2Novartis AG1.1%
3Roche Holding AG1.0%
4Royal Dutch Shell plc0.9%
5Toyota Motor Corp.0.8%
6HSBC Holdings plc0.8%
7Samsung Electronics Co. Ltd.0.6%
8BP plc0.6%
9Unilever0.6%
10Bayer AG0.5%
Ten largest holdings = 8.0% of total net assets

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

Vanguard portfolio holdings disclaimer