Vanguard Lifetime Income Program - Mid-Cap Index Portfolio

Quarter-End Holdings as of 12/31/2017

1Fiserv Inc.0.7%
2Amphenol Corp.0.7%
3Roper Technologies Inc.0.7%
4Freeport-McMoRan Inc.0.7%
5Dollar Tree Inc.0.6%
6Moody's Corp.0.6%
7Edwards Lifesciences Corp.0.6%
8Western Digital Corp.0.6%
9Digital Realty Trust Inc.0.6%
10M&T Bank Corp.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