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Vanguard - Vanguard Lifetime Income Program - Life Strategy Income Fund Overview

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Vanguard Lifetime Income Program - Life Strategy Income Fund [QF]
Fund Overview
Acquired fund fees and expenses as of 05/01/20120.70%
Inception date10/10/2003
Portfolio number1272
 
3.5% Assumed Investment Return
AnnUV as of 04/24/2014$10.990363
Change–$0.001192 –0.01%
 
5% Assumed Investment Return
AnnUV as of 04/24/2014$9.436291
Change$0.00–0.01%

 

Life Strategy Income Fund seeks to provide current income and some capital appreciation.

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


Fund Style
TypeBalanced
CategoryConservative Allocation

 


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.

Since balanced funds generally include both stock and bond funds, we provide a pair of  9-box grids called "style boxes" to display the targeted allocation for each fund.

Stock style
Vanguard uses a 9-box grid called a "style box" to show how a domestic stock fund's holdings are distributed by primary investment style (growth, value, or blend) and market capitalization category (large-, mid-, and small-cap companies).

Style
Value Blend Growth    
      Large
 
Market Cap.
      Med
 
      Small
 
   

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-LifeStrategy Income3.18%4.17%7.32% 4.08%4.38%
Income Composite Index*4.01%5.24%7.84% 5.05%5.30%
*Weighted 64% Barclays U.S. Aggregate Float Adjusted Index, 16% Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index, 14% CRSP US Total Market Index, and 6% FTSE Global All Cap ex US Index as of June 3, 2013. In prior periods, the composite was 80% Barclays U.S. Aggregate Float Adjusted Index, 14% MSCI US Broad Market Index, and 6% MSCI ACWI ex USA IMI Index through June 2, 2013; 60% Barclays U.S. Aggregate Float Adjusted Index, 20% Barclays U.S. 1–3 Year Credit Bond Index, 14% MSCI US Broad Market Index, and 6% MSCI ACWI ex USA IMI Index through November 30, 2011; 60% Barclays U.S. Aggregate Bond Index (with the Barclays U.S. Aggregate Float Adjusted Index used after December 31, 2009), 20% MSCI US Broad Market Index, and 20% Barclays U.S. 1–3 Year Credit Bond Index through December 15, 2010; 60% Barclays U.S. Aggregate Bond Index, 20% Dow Jones U.S. Total Stock Market Index, and 20% Barclays U.S. 1–3 Year Credit Bond Index through April 22, 2005; and 60% Barclays U.S. Aggregate Bond Index, 20% Dow Jones U.S. Total Stock Market Index, and 20% Citigroup 3-Month Treasury Bill Index through August 31, 2003. International stock benchmark returns are adjusted for withholding taxes.

Glossary

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