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Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 10/31/2015

1AvalonBay Communities Inc.0.7%
2Fiserv Inc.0.7%
3Electronic Arts Inc.0.7%
4Ross Stores Inc.0.7%
5Cerner Corp.0.6%
6Fidelity National Information Services Inc.0.6%
7Chipotle Mexican Grill Inc.0.6%
8Hartford Financial Services Group Inc.0.6%
9Incyte Corp.0.6%
10BioMarin Pharmaceutical Inc.0.6%
Ten largest holdings = 6.4% of total net assets

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

Vanguard portfolio holdings disclaimer