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Vanguard Lifetime Income Program - Equity Income Portfolio
Performance

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. Expense ratio information can be found on the Overview page.

Average Annual Returns—Updated Monthly as of 07/31/2015
 1 Year3 Year5 Year10 YearSince Inception
10/10/2003
VLIP-Equity Income6.72%14.25%15.11%7.41% 8.47%
Spliced Equity Income Index*

Recent Investment Returns
 Year-to-Date
as of 07/31/2015
Year-to-Date
as of 07/31/2015
Previous
Month—July
Three-Month Total
as of 07/31/2015
VLIP-Equity Income0.74%0.74%1.43%–0.69%
Spliced Equity Income Index*

See cumulative, yearly, and quarterly historical returns

*Russell 1000 Value Index through July 31, 2007; FTSE High Dividend Yield Index thereafter.