Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 08/31/2016

1NVIDIA Corp.1.0%
2Fidelity National Information Services Inc.0.8%
3Equinix Inc.0.8%
4Newell Brands Inc.0.8%
5Ross Stores Inc.0.8%
6Edwards Lifesciences Corp.0.8%
7Electronic Arts Inc.0.7%
8Fiserv Inc.0.7%
9Tyson Foods Inc.0.7%
10ConAgra Foods Inc.0.6%
Ten largest holdings = 7.7% of total net assets

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

Vanguard portfolio holdings disclaimer