Vanguard Lifetime Income Program - GNMA Fund [QF]
Average Annual Returns—Updated Monthly as of 11/30/2017
 VLIP-GNMA Fund Inception Date: 10/10/2003
 BloomBarc 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 12/15/2017
as of 11/30/2017
Three-Month Total
as of 11/30/2017
VLIP-GNMA Fund1.47%1.18%–0.29% –0.49%
BloomBarc US GNMA Index*1.63%–0.16% –0.30%

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.