Vanguard Lifetime Income Program - Short-Term Investment-Grade Portfolio
Average Annual Returns—Updated Monthly as of 04/30/2016
 VLIP-Short-Term Invest-Gr Inception Date: 10/10/2003
 Barclays US 1-5 Year Credit 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 05/27/2016
as of 04/30/2016
Three-Month Total
as of 04/30/2016
VLIP-Short-Term Invest-Gr1.92%2.06%0.43% 1.52%
Barclays US 1-5 Year Credit Index*2.19% 0.45%1.66%

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.