Vanguard Lifetime Income Program - Small Company Growth Portfolio

Quarter-End Holdings as of 03/31/2016

1Cadence Design Systems Inc.1.2%
2Clean Harbors Inc.1.1%
3LDR Holding Corp.1.0%
4Sally Beauty Holdings Inc.1.0%
5ServiceMaster Global Holdings Inc.0.9%
6ABIOMED Inc.0.9%
72U Inc.0.8%
8LendingTree Inc.0.8%
9Trimble Navigation Ltd.0.8%
10Euronet Worldwide Inc.0.8%
Ten largest holdings = 9.3% of total net assets

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

Vanguard portfolio holdings disclaimer