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Vanguard Lifetime Income Program - Dividend Growth Fund [QF]

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 10/31/2015
 1 Year3 Year5 Year10 YearSince Inception
VLIP-Dividend Growth Fund5.58%14.71%13.47% 8.83%8.94%
Dividend Growth Spliced Index*1.97%12.63%11.97% 6.74%7.30%

Recent Investment Returns
as of 11/27/2015
as of 10/31/2015
Three-Month Total
as of 10/31/2015
VLIP-Dividend Growth Fund3.87%2.90%7.53% 0.34%
Dividend Growth Spliced Index*–1.35% 6.70%–1.37%

See cumulative, yearly, and quarterly historical returns

*Russell 1000 Index through January 31, 2010; NASDAQ US Dividend Achievers Select Index (formerly known as the Dividend Achievers Select Index) thereafter. Prior to December 6, 2002, the comparative benchmark was known as the Utilities Composite Index. The index weightings were: 40% S&P Utilities Index, 40% S&P Telephone Index, and 20% Lehman Brothers Utility Bond Index through April 30, 1999; 63.75% S&P Utilities Index, 21.25% S&P Telephone Index, and 15% Lehman Brothers Utility Bond Index through March 31, 2000; 75% S&P Utilities Index and 25% S&P Telephone Index through December 31, 2001; and 75% S&P Utilities Index and 25% S&P Integrated Telecommunication Services Index through December 6, 2002.