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Vanguard Lifetime Income Program - Small Company Growth 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 10/31/2015
 1 Year3 Year5 Year10 YearSince Inception
VLIP-Small Company Growth2.17%15.15%13.28% 8.25%8.40%
Russell 2500 Growth Index*4.17%16.48%14.25% 9.29%9.48%

Recent Investment Returns
as of 11/25/2015
as of 10/31/2015
Three-Month Total
as of 10/31/2015
VLIP-Small Company Growth0.94%–2.19% 5.27%–7.61%
Russell 2500 Growth Index*1.18%5.23% –7.50%

See cumulative, yearly, and quarterly historical returns

*Measures the performance of those Russell 2500 companies with higher price/book ratios and higher predicted and historical growth rates.