Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 03/31/2017

1Equinix Inc.0.9%
2Electronic Arts Inc.0.8%
3Fiserv Inc.0.7%
4Western Digital Corp.0.7%
5Newell Brands Inc.0.7%
6Amphenol Corp.0.6%
7M&T Bank Corp.0.6%
8Roper Technologies Inc.0.6%
9Lam Research Corp.0.6%
10Incyte Corp.0.6%
Ten largest holdings = 6.8% of total net assets

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

Vanguard portfolio holdings disclaimer