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Vanguard Lifetime Income Program - GNMA Fund [QF]
Average Annual Returns—Updated Monthly as of 02/28/2015
 VLIP-GNMA Fund Inception Date: 10/10/2003
 Barclays US GNMA Index (Benchmark)

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.

Recent Investment Returns
as of 03/27/2015
as of 02/28/2015
Three-Month Total
as of 02/28/2015
VLIP-GNMA Fund0.82%0.40%–0.29% 0.53%
Barclays US GNMA Index*0.34%–0.11% 0.44%

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.