Vanguard Lifetime Income Program - Small Company Growth Portfolio

Quarter-End Holdings as of 06/30/2016

1Cadence Design Systems Inc.1.2%
2Clean Harbors Inc.1.0%
32U Inc.1.0%
4LendingTree Inc.0.9%
5ServiceMaster Global Holdings Inc.0.9%
6ABIOMED Inc.0.9%
7Sally Beauty Holdings Inc.0.9%
8National CineMedia Inc.0.8%
9Tennant Co.0.8%
10Fleetmatics Group plc0.8%
Ten largest holdings = 9.2% of total net assets

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

Vanguard portfolio holdings disclaimer