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

Region Allocation as of 03/31/2017


Equity Characteristics as of 03/31/2017
 VLIP-Total Intl Stock IdxFTSE Global All Cap ex US Index
Number of Stocks61725810
Turnover Rate (Fiscal Year End October)3.1%
Short-Term Reserves
Total Net Assets

Month End Ten Largest Holdings as of 03/31/2017
RankHolding
1Nestle SA
2Royal Dutch Shell plc
3Samsung Electronics Co. Ltd.
4Roche Holding AG
5Novartis AG
6HSBC Holdings plc
7Tencent Holdings Ltd.
8Taiwan Semiconductor Manufacturing Co. Ltd.
9Toyota Motor Corp.
10Unilever
Ten largest holdings = 8.3% of total net assets

Quarter-end top ten holdings with weighting

Portfolio holdings

Country Diversification (% of common stock) as of 03/31/2017
 VLIP-Total Intl Stock Idx
Japan17.1%
United Kingdom12.8%
Canada6.9%
France6.3%
Germany6.3%
Switzerland5.8%
Australia5.3%
China4.8%
Korea3.6%
Taiwan3.3%
Hong Kong2.6%
India2.5%
Netherlands2.2%
Spain2.2%
Sweden2.2%
Brazil1.8%
Italy1.7%
South Africa1.6%
Denmark1.1%
Singapore1.0%
Belgium0.9%
Mexico0.8%
Russia0.8%
Finland0.7%
Thailand0.8%
Malaysia0.7%
Indonesia0.6%
Norway0.5%
Israel0.4%
Chile0.3%
Philippines0.3%
Poland0.3%
Turkey0.2%
Austria0.2%
Ireland0.2%
New Zealand0.2%
Qatar0.2%
United Arab Emirates0.2%
Colombia0.1%
Czech Republic0.0%
Egypt0.0%
Greece0.1%
Hungary0.1%
Other0.1%
Pakistan0.0%
Peru0.1%
Portugal0.1%
Argentina0.0%

Glossary