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Vanguard Lifetime Income Program - Diversified Value 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 07/31/2015
 1 Year3 Year5 Year10 YearSince Inception
10/10/2003
VLIP-Diversified Value5.57%14.06%13.83% 6.26%8.42%
Russell 1000 Value Index*

Recent Investment Returns
 Year-to-Date
as of 07/31/2015
Year-to-Date
as of 07/31/2015
Previous
Month—July
Three-Month Total
as of 07/31/2015
VLIP-Diversified Value1.60%1.60%1.07% 0.04%
Russell 1000 Value Index*

See cumulative, yearly, and quarterly historical returns

*Measures the performance of those Russell 1000 companies with lower price/book ratios and lower predicted and historical growth rates.