Vanguard Variable Annuity - Short-Term Investment-Grade Portfolio

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. See performance data current to the most recent month-end. Expense ratio information can be found on the Overview page.

Cumulative Total Returns(as of 07/31/2015)
 1 Year3 Year5 Year 10 YearSince Inception
02/08/1999
VVA-Short-Term Invest-Gr1.11%4.53%10.28% 40.26%85.32%
Barclays US 1-5 Year Credit Index*1.63%6.13%14.47% 50.60%

Year EndedVVA-Short-Term Invest-GrBarclays US 1-5 Year Credit Index
Total ReturnTotal Return
20141.46%1.95%
20130.78%1.24%
20124.11%5.51%
20111.72%3.04%
20104.91%5.44%
200913.52%13.52%
2008–3.74%–1.13%
20075.71%6.09%
20064.60%4.69%
20051.94%1.35%
20041.76%2.44%
20033.24%5.40%
20025.91%8.88%
20017.44%9.73%
20007.80%8.48%

Quarterly Investment Returns(as of 06/30/2015)
YearVVA-Short-Term Invest-GrBarclays US 1-5 Year Credit Index*
First QuarterSecond QuarterThird QuarterFourth QuarterYear-End Return Year-End Average
20150.96%–0.17%
20140.63%0.88%–0.17% 0.11%1.46%1.95%
20130.44%–1.11%0.97% 0.49%0.78%1.24%
20121.37%0.59%1.62%0.48%4.11% 5.51%
20110.61%0.87%–0.26% 0.49%1.72%3.04%
20101.89%1.05%2.06%–0.17% 4.91%5.44%
20092.02%5.84%3.94%1.15%13.52% 13.52%
20081.32%–0.46%–2.95% –1.66%–3.74%–1.13%
20071.62%0.31%1.85%1.81%5.71% 6.09%
20060.50%0.71%2.26%1.07%4.60% 4.69%
2005–0.35%1.39%0.21% 0.69%1.94%1.35%

*Includes investment-grade (rated Baa3 or above by Moody’s) corporate and international dollar-denominated bonds with maturities of 1 to 5 years.

Glossary

Important annuity performance information