Vanguard Lifetime Income Program - REIT Index Portfolio

Quarter-End Holdings as of 11/30/2017

RankHoldingPercentage
1Simon Property Group Inc.5.8%
2Equinix Inc.4.2%
3Prologis Inc.4.1%
4Public Storage3.8%
5AvalonBay Communities Inc.2.9%
6Welltower Inc.2.9%
7Equity Residential2.8%
8Digital Realty Trust Inc.2.8%
9Ventas Inc.2.6%
10Boston Properties Inc.2.2%
Ten largest holdings = 34.1% of total net assets

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

Vanguard portfolio holdings disclaimer