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

Quarter-End Holdings as of 07/31/2015

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

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

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