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Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 04/30/2015

1Delphi Automotive plc0.7%
2AmerisourceBergen Corp.0.7%
3Boston Scientific Corp.0.7%
4Cerner Corp.0.7%
5Moody's Corp.0.7%
6AvalonBay Communities Inc.0.6%
7O'Reilly Automotive Inc.0.6%
8Monster Beverage Corp.0.6%
9Ross Stores Inc.0.6%
10Chipotle Mexican Grill Inc.0.6%
Ten largest holdings = 6.5% of total net assets

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

Vanguard portfolio holdings disclaimer