Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 06/30/2016

1Equinix Inc.0.9%
2Fiserv Inc.0.8%
3Fidelity National Information Services Inc.0.8%
4NVIDIA Corp.0.8%
5Newell Brands Inc.0.8%
6Ross Stores Inc.0.7%
7Electronic Arts Inc.0.7%
8Edwards Lifesciences Corp.0.7%
9Dollar Tree Inc.0.7%
10ConAgra Foods Inc.0.7%
Ten largest holdings = 7.6% of total net assets

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

Vanguard portfolio holdings disclaimer