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Vanguard Lifetime Income Program - Small Company Growth Portfolio

Quarter-End Holdings as of 03/31/2015

1Super Micro Computer Inc.1.3%
2Power Solutions International Inc.1.2%
3Qualys Inc.1.0%
4Tennant Co.1.0%
5Douglas Dynamics Inc.1.0%
6Infoblox Inc.1.0%
7SPS Commerce Inc.1.0%
8Euronet Worldwide Inc.0.9%
9Perficient Inc.0.9%
10West Pharmaceutical Services Inc.0.9%
Ten largest holdings = 10.2% of total net assets

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

Vanguard portfolio holdings disclaimer