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Vanguard - Fund Holdings

Funds, Stocks & ETFs  »  Vanguard Annuity Portfolios  »  Vanguard Annuity Portfolio Profile

Vanguard Lifetime Income Program - Money Market Portfolio
Holdings

Money Market Characteristics as of —
 VLIP-Money MarketMoney Market Funds Average
Number Of Holdings343
Average Maturity
Weighted Average Life108.0 days
Total Net Assets

Distribution By Issuer (% of fund) as of 03/31/2014
 VLIP-Money Market
Bankers Acceptances0.0%
Certificates of Deposit5.5%
Other7.0%
Repurchase Agreements0.0%
U.S. Commercial Paper7.1%
U.S. Govt. Obligations11.9%
U.S. Treasury Bills24.8%
Yankee/Foreign43.8%
Total100.0%

Distribution By Credit Quality* (% of fund) as of 03/31/2014
 VLIP-Money Market
First Tier100.0%
Second Tier0.0%
Total100.0%

* Credit-quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). "NR" is used to classify securities for which a rating is not available. Vanguard managed taxable index bond funds, balanced funds, ETFs, and annuity portfolios: Credit-quality ratings for each issue are obtained from Barclays using ratings derived from Moody's Investors Service (Moody's), Fitch Ratings (Fitch), and Standard & Poor's (S&P). When ratings from all three agencies are available, the median rating is used. When ratings are available from two of the agencies, the lower rating is used. When one rating is available, that rating is used. Vanguard managed taxable non-index bond funds, municipal bond funds, balanced funds, and annuity portfolios; Wellington Management Company managed bond funds, balanced funds, and annuity portfolios: Credit-quality ratings for each issue are obtained from Moody's and S&P, and the higher rating for each issue is used. Oaktree Capital Management managed fund: Credit-quality ratings are obtained from S&P. Vanguard taxable and municipal money market funds; annuity money market portfolios; and cash management trusts: The Distribution by Credit Quality table was revised to include tier ratings for consistency with SEC Rule 2a-7 under the Investment Company Act of 1940 which governs money market funds. A First Tier security is a security that is eligible for money market funds and has received a short-term rating from the requisite nationally recognized statistical rating organizations in the highest short-term rating category for debt obligations. An unrated security is First Tier if it represents quality comparable to that of a rated security as determined in accordance with SEC Rule 2a-7. A Second Tier security is a security that is eligible for money market funds and is not a First Tier security.


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