Vanguard Lifetime Income Program - Life Strategy Income 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 11/30/2016)
 1 Year3 Year5 Year 10 YearSince Inception
10/10/2003
VLIP-LifeStrategy Income2.58%9.36%20.39% 41.30%68.30%
Income Composite Index*3.47%11.76%25.00% 58.20%

Year EndedVLIP-LifeStrategy IncomeIncome Composite Index
Total ReturnTotal Return
2015–0.30%0.47%
20146.20%6.84%
20132.86%3.71%
20125.99%6.83%
20113.24%4.69%
20108.66%8.51%
200911.50%11.70%
2008–10.99%–5.45%
20076.15%6.58%
20067.37%6.63%
20052.70%3.13%
20045.46%5.49%
2003**2.58%

Quarterly Investment Returns(as of 09/30/2016)
YearVLIP-LifeStrategy IncomeIncome Composite Index*
First QuarterSecond QuarterThird QuarterFourth QuarterYear-End Return Year-End Average
20162.61%2.09%1.40%
20151.80%–1.66%–0.92% 0.52%–0.30%0.47%
20141.89%2.32%–0.04% 1.91%6.20%6.84%
20131.58%–1.85%1.76% 1.39%2.86%3.71%
20122.46%0.69%2.41%0.32%5.99% 6.83%
20111.45%1.38%–2.33% 2.77%3.24%4.69%
20102.49%–0.04%4.59% 1.40%8.66%8.51%
2009–2.42%5.80%6.66% 1.26%11.50%11.70%
2008–1.67%–1.39% –3.49%–4.89%–10.99% –5.45%
20071.16%1.37%2.29%1.19%6.15% 6.58%
20060.98%–0.41%3.84% 2.83%7.37%6.63%

*Weighted 56% Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 24% Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index, 12% CRSP US Total Market Index, and 8% FTSE Global All Cap ex US Index as of July 1, 2015. In prior periods, the composite was 64% Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 16% Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index, 14% CRSP US Total Market Index, and 6% FTSE Global All Cap ex US Index through June 30, 2015; 80% Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 14% MSCI US Broad Market Index, and 6% MSCI ACWI ex USA IMI Index through June 2, 2013; 60% Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 20% Bloomberg Barclays U.S. 1–3 Year Credit Bond Index, 14% MSCI US Broad Market Index, and 6% MSCI ACWI ex USA IMI Index through November 30, 2011; 60% Bloomberg Barclays U.S. Aggregate Bond Index (with the Bloomberg Barclays U.S. Aggregate Float Adjusted Index used after December 31, 2009), 20% MSCI US Broad Market Index, and 20% Bloomberg Barclays U.S. 1–3 Year Credit Bond Index through December 15, 2010; 60% Bloomberg Barclays U.S. Aggregate Bond Index, 20% Dow Jones U.S. Total Stock Market Index, and 20% Bloomberg Barclays U.S. 1–3 Year Credit Bond Index through April 22, 2005; and 60% Bloomberg Barclays U.S. Aggregate Bond Index, 20% Dow Jones U.S. Total Stock Market Index, and 20% Citigroup 3-Month Treasury Bill Index through August 31, 2003. International stock benchmark returns are adjusted for withholding taxes.

** Since inception on 10/10/2003

Glossary