Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 06/30/2017

1Fiserv Inc.0.7%
2Newell Brands Inc.0.7%
3Western Digital Corp.0.7%
4Edwards Lifesciences Corp.0.7%
5Roper Technologies Inc.0.7%
6CR Bard Inc.0.7%
7Lam Research Corp.0.7%
8Amphenol Corp.0.6%
9M&T Bank Corp.0.6%
10Incyte Corp.0.6%
Ten largest holdings = 6.7% of total net assets

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

Vanguard portfolio holdings disclaimer