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Vanguard Lifetime Income Program - Equity Index Portfolio
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 08/31/2015
 1 Year3 Year5 Year10 YearSince Inception
10/10/2003
VLIP-Equity Index–0.14%13.57% 15.10%6.50%7.08%
S&P 500 Index*0.48%14.31%15.87%7.15% 7.74%

Recent Investment Returns
 Year-to-Date
as of 09/04/2015
Year-to-Date
as of 08/31/2015
Previous
Month—August
Three-Month Total
as of 08/31/2015
VLIP-Equity Index–5.77%–3.27% –6.09%–6.06%
S&P 500 Index*–2.88% –6.03%–5.92%

See cumulative, yearly, and quarterly historical returns

*A widely used barometer of U.S. stock market performance; as a market-weighted index of leading companies in leading industries, it is dominated by large-capitalization companies.