Vanguard Lifetime Income Program - GNMA Fund [QF]
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 06/30/2016
 1 Year3 Year5 Year10 YearSince Inception
10/10/2003
VLIP-GNMA Fund3.64%3.32%2.51%4.46% 3.99%
Barclays US GNMA Index*3.97%3.52%2.88% 4.99%4.59%

Recent Investment Returns
 Year-to-Date
as of 07/28/2016
Year-to-Date
as of 06/30/2016
Previous
Month—June
Three-Month Total
as of 06/30/2016
VLIP-GNMA Fund2.79%2.78%0.69%1.01%
Barclays US GNMA Index*2.67%0.66% 0.90%

See cumulative, yearly, and quarterly historical returns

*Includes mortgage-backed pass-through securities of the Government National Mortgage Association; these securities are based on pools of 15- and 30-year fixed-rate home mortgages.