Vanguard Lifetime Income Program - High Yield Bond 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 12/31/2017
 1 Year3 Year5 Year10 YearSince Inception
VLIP-High Yield Bond6.45%4.91%4.48%6.06% 5.88%
High-Yield Corporate Composite Idx*6.60%5.62% 5.22%7.18%

Recent Investment Returns
as of 01/19/2018
as of 12/31/2017
Three-Month Total
as of 12/31/2017
VLIP-High Yield Bond0.34%6.45%0.21%–0.13%
High-Yield Corporate Composite Idx*6.60% 0.20%0.36%

See cumulative, yearly, and quarterly historical returns

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