Vanguard Lifetime Income Program - High Yield Bond 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 08/31/2016
 1 Year3 Year5 Year10 YearSince Inception
10/10/2003
VLIP-High Yield Bond6.44%4.99%6.41%5.92% 5.90%
High-Yield Corporate Composite Idx*8.15%5.47% 7.03%7.21%

Recent Investment Returns
 Year-to-Date
as of 09/26/2016
Year-to-Date
as of 08/31/2016
Previous
Month—August
Three-Month Total
as of 08/31/2016
VLIP-High Yield Bond9.68%9.58%1.76%4.51%
High-Yield Corporate Composite Idx*11.81% 1.73%5.05%

See cumulative, yearly, and quarterly historical returns

*Consists of 95% Barclays U.S. High-Yield Ba/B 2% Issuer Capped Index and 5% Barclays U.S. 1–5 Year Treasury Bond Index.