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

Quarter-End Holdings as of 03/31/2016

RankHoldingPercentage
1Nestle SA1.2%
2Royal Dutch Shell plc1.0%
3Roche Holding AG0.9%
4Novartis AG0.8%
5Toyota Motor Corp.0.8%
6Samsung Electronics Co. Ltd.0.7%
7Unilever0.6%
8HSBC Holdings plc0.6%
9Taiwan Semiconductor Manufacturing Co. Ltd.0.6%
10Tencent Holdings Ltd.0.6%
Ten largest holdings = 7.8% of total net assets

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

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