Vanguard Lifetime Income Program - Inflation-Protected Securities 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 08/31/2016)
 1 Year3 Year5 Year 10 YearSince Inception
10/10/2003
VLIP-Inflation-Protec Sec4.67%6.42%5.71% 43.25%63.60%
BloomBarc US Trsy Inflat Prtcd Idx*5.37%8.34% 9.15%54.45%

Year EndedVLIP-Inflation-Protec SecBloomBarc US Trsy Inflat Prtcd Idx
Total ReturnTotal Return
2015–2.34%–1.44%
20143.29%3.64%
2013–9.39%–8.61%
20126.22%6.98%
201112.65%13.56%
20105.62%6.31%
200910.23%11.41%
2008–3.35%–2.35%
200711.01%11.63%
2006–0.09%0.41%
20052.06%2.84%
20047.71%8.46%
2003**2.61%

Quarterly Investment Returns(as of 06/30/2016)
YearVLIP-Inflation-Protec SecBloomBarc US Trsy Inflat Prtcd Idx*
First QuarterSecond QuarterThird QuarterFourth QuarterYear-End Return Year-End Average
20164.46%1.60%
20151.11%–1.40%–1.04% –1.00%–2.34%–1.44%
20141.86%3.59%–2.11% 0.00%3.29%3.64%
2013–0.46%–7.46% 0.70%–2.32%–9.39%–8.61%
20120.55%3.11%2.01%0.44%6.22% 6.98%
20111.72%3.27%4.70%2.43%12.65% 13.56%
20100.23%3.77%2.43%–0.87% 5.62%6.31%
20095.12%0.12%2.91%1.78%10.23% 11.41%
20085.18%–0.27%–4.01% –4.01%–3.35%–2.35%
20072.26%–0.83%4.36% 4.89%11.01%11.63%
2006–2.27%0.35%3.39% –1.47%–0.09%0.41%

*Includes the inflation-indexed securities within the Bloomberg Barclays U.S. Treasury Bond Index, which represents U.S. Treasury obligations with maturities of more than 1 year.

** Since inception on 10/10/2003

Glossary