Age-Based Conservative Ages 19<span class="plus-reduction">+</span>

The Portfolio seeks growth of current income, consistent with preservation of capital.

The Portfolio invests in a targeted mix of bond and money market mutual funds that represent various asset classes and sectors.

Fixed Income	50%
Money Market	50%

Real AssetsInternational Equity
U.S. EquityFixed Income
Money Market

Fund	Percent
Money Market
State Street U.S. Government Money Market Fund	50%
Fixed Income
PIMCO Short-Term Fund	20%
Northern Funds Bond Index Fund	8%
PGIM Total Return Bond Fund	7%
American Century Short Duration Inflation Protection Bond Fund	15%

As of August 31, 2020

			Average Annual Total Returns at NAV (%)¹
Fee Structure	YTD	3 Mo	1 Yr	3 Yrs	5 Yrs	Lifetime	Exp. Ratio²	Inception Date
A	1.92	1.09	2.20	1.89	n/a	1.54	0.91	9/28/16
C	1.69	0.93	1.88	1.58	n/a	1.26	1.16	9/28/16
F	2.06	1.06	2.42	2.10	n/a	1.72	0.66	9/28/16

As of 6/30/20

					Average Annual Total Returns (%)³
Money Market Fund	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
State Street U.S. Government Money Market Fund* Fact Sheet, Prospectus, Annual Report	0.12	GVMXX	0.42	2.13	2.13	1.56	0.99	0.50	10/25/07
					Average Annual Total Returns (%)³
Fixed Income Funds	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
PIMCO Short-Term Fund Fact Sheet, Prospectus, Annual Report	0.45	PTSHX	0.42	2.73	2.73	2.22	2.12	1.81	10/7/87
Northern Funds Bond Index Fund Fact Sheet, Prospectus, Annual Report	0.15	NOBOX	0.13	8.62	8.62	3.91	2.90	3.57	2/27/07
PGIM Total Return Bond 529 Portfolio Fact Sheet, Prospectus, Annual Report	0.60	PDBZX	n/a	9.38	9.38	4.17	3.14	4.32	4/28/20
American Century Short-Duration Inflation-Protection Bond Fund Fact Sheet, Prospectus, Annual Report	0.37	APISX	1.10	4.94	4.94	2.06	1.86	2.36	5/31/05