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Vanguard - Vanguard Lifetime Income Program - Short-Term Investment-Grade Portfolio Overview

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Vanguard Lifetime Income Program - Short-Term Investment-Grade Portfolio
Fund Overview
Expense ratio as of 05/01/20120.73%
Inception date10/10/2003
Portfolio number1265
 
3.5% Assumed Investment Return
AnnUV as of 04/22/2014$9.671943
Change–$0.010227 –0.11%
 
5% Assumed Investment Return
AnnUV as of 04/22/2014$8.304927
Change–$0.01–0.11%

 

Short-Term Investment-Grade Portfolio seeks to provide current income with limited price volatility.

Learn more about this portfolio's investment strategy and policy.

Effective September 1, 2010, Vanguard Lifetime Income Program annuities are no longer available for purchase from Vanguard. Also as of that date, current contract holders should contact American General Life Insurance Company of Delaware (or, in New York State only, The United States Life Insurance Company in the City of New York) at 877-299-1724 for all matters related to an existing contract.


Fund Style
TypeShort-Term Bond
CategoryShort-Term Bond

 


Knowing a fund's investment style can help you understand how it might fit in your portfolio. This information can also help you build a portfolio that's broadly diversified across markets and less susceptible to sharp swings in any one market area.

Bond style
Vanguard uses a 9-box grid called a "style box" to illustrate how our bond fund holdings are distributed by credit quality and average maturity. Credit quality is a measure of a bond issuer's ability to pay interest and repay principal in a timely manner. Quality ranges from Treasury bonds or agency bonds (generally the highest quality issues), investment-grade corporate (medium to high quality), and below investment grade. Average maturity is the length of time until the bonds in the fund are due to be repaid. Maturities are classified as short-, intermediate-, or long-term.

Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Average Annual Returns—Updated Quarterly as of 03/31/2014

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. See performance data current to the most recent month-end. Expense ratio information can be found on the Overview page.

Important Vanguard Lifetime Income Program performance information

Display data in bar chart

 1 Year3 Year5 Year10 YearSince Inception
10/10/2003
VLIP-Short-Term Invest-Gr0.74%1.97%4.39% 3.13%3.17%
Barclays US 1-5 Year Credit Index*1.44%3.22%5.59% 4.03%4.12%
*Includes investment-grade (rated Baa3 or above by Moody’s) corporate and international dollar-denominated bonds with maturities of 1 to 5 years.

Glossary

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