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Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 08/31/2015

1O'Reilly Automotive Inc.0.7%
2Chipotle Mexican Grill Inc.0.7%
3AvalonBay Communities Inc.0.7%
4Monster Beverage Corp.0.7%
5Constellation Brands Inc.0.7%
6BioMarin Pharmaceutical Inc.0.7%
7Fiserv Inc.0.6%
8Ross Stores Inc.0.6%
9Electronic Arts Inc.0.6%
10Fidelity National Information Services Inc.0.6%
Ten largest holdings = 6.6% of total net assets

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

Vanguard portfolio holdings disclaimer