Vanguard Lifetime Income Program  ShortTerm InvestmentGrade Portfolio

Historic Volatility Measures as of 07/31/2016
*Rsquared and beta are calculated from trailing 36month fund returns relative to the associated benchmark.

Vanguard Lifetime Income Program  ShortTerm InvestmentGrade Portfolio

Historic Volatility Measures as of 07/31/2016
*Rsquared and beta are calculated from trailing 36month fund returns relative to the associated benchmark.
