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Vanguard Lifetime Income Program - High Yield Bond Portfolio
Average Annual Returns—Updated Monthly as of 06/30/2015
 VLIP-High Yield Bond Inception Date: 10/10/2003
 High-Yield Corporate Composite Idx (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 07/30/2015
as of 06/30/2015
Three-Month Total
as of 06/30/2015
VLIP-High Yield Bond1.75%1.66%–1.30% –0.26%
High-Yield Corporate Composite Idx*2.55% –1.38%–0.01%

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.