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Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 06/30/2015

1BioMarin Pharmaceutical Inc.0.7%
2O'Reilly Automotive Inc.0.7%
3Cerner Corp.0.7%
4AvalonBay Communities Inc.0.6%
5Monster Beverage Corp.0.6%
6Ross Stores Inc.0.6%
7Skyworks Solutions Inc.0.6%
8Electronic Arts Inc.0.6%
9Fiserv Inc.0.6%
10Constellation Brands Inc.0.6%
Ten largest holdings = 6.3% of total net assets

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

Vanguard portfolio holdings disclaimer