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Vanguard Lifetime Income Program - Short-Term Investment-Grade Portfolio

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-Short-Term Invest-Gr0.89%0.98%1.49% 3.19%2.89%
Barclays US 1-5 Year Credit Index*1.42%1.65%2.40% 4.21%3.80%

Recent Investment Returns
as of 11/24/2015
as of 10/31/2015
Three-Month Total
as of 10/31/2015
VLIP-Short-Term Invest-Gr0.94%1.07%0.05% 0.25%
Barclays US 1-5 Year Credit Index*1.53% 0.06%0.30%

See cumulative, yearly, and quarterly historical returns

*Includes investment-grade (rated Baa3 or above by Moody’s) corporate and international dollar-denominated bonds with maturities of 1 to 5 years.