Vanguard Lifetime Income Program - Total International Stock Index Fund [QF]

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 08/31/2015)
 1 Year3 Year5 Year 10 YearSince Inception
10/10/2003
VLIP-Total Intl Stock Idx–12.26%16.17% 24.16%38.84%93.32%
Spl Total International Stock Index*–11.53% 18.72%27.79%48.25%

Year EndedVLIP-Total Intl Stock IdxSpl Total International Stock Index
Total ReturnTotal Return
2014–4.73%–3.39%
201314.45%15.76%
201217.53%17.04%
2011–15.01%–14.31%
201010.55%10.69%
200936.02%40.44%
2008–44.39%–45.52%
200714.92%15.85%
200625.98%26.93%
200514.97%15.78%
200420.21%20.93%
2003**9.86%

Quarterly Investment Returns(as of 06/30/2015)
YearVLIP-Total Intl Stock IdxSpl Total International Stock Index*
First QuarterSecond QuarterThird QuarterFourth QuarterYear-End Return Year-End Average
20153.90%1.16%
20140.64%4.88%–5.68% –4.31%–4.73%–3.39%
20132.86%–3.50%10.13% 4.69%14.45%15.76%
201211.80%–7.58%6.78% 6.52%17.53%17.04%
20112.85%0.55%–21.03% 4.08%–15.01%–14.31%
20101.40%–13.44%17.75% 6.97%10.55%10.69%
2009–13.09%27.10%19.51% 3.03%36.02%40.44%
2008–9.02%–2.33% –20.65%–21.14%–44.39% –45.52%
20073.71%7.65%4.36%–1.38% 14.92%15.85%
20069.32%–0.07%3.83% 11.06%25.98%26.93%
2005–0.21%–0.84% 11.53%4.18%14.97%15.78%

*Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex USA IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter. Benchmark returns are adjusted for withholding taxes.

** Since inception on 10/10/2003

Glossary