Vanguard Lifetime Income Program - Dividend Growth Fund [QF]
Average Annual Returns—Updated Monthly as of 12/31/2017
 VLIP-Dividend Growth Fund Inception Date: 10/10/2003
 Dividend Growth Spliced 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 01/17/2018
as of 12/31/2017
Three-Month Total
as of 12/31/2017
VLIP-Dividend Growth Fund4.23%18.72%1.35% 5.49%
Dividend Growth Spliced Index*22.29%1.37% 8.12%

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.