Age-Based Moderate Ages 11-12

Portfolio Overview

The Portfolio seeks growth of capital and low to moderate current income.

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

U.S. Equities	32%
International Equities	15%
Real Assets	3%
Fixed Income	50%

Real AssetsInternational Equity
U.S. EquityFixed Income
Money Market

The Underlying Mutual Funds

Fund	Percent
Fixed Income
PIMCO Short-Term Fund	11%
Northern Funds Bond Index Fund	9%
PGIM Total Return Bond Fund	14%
American Century Short Duration Inflation Protection Bond Fund	4%
BlackRock High Yield Bond Fund	6%
AB Global Bond Fund	6%
Real Assets
Principal Global Real Estate Securities Fund	2%
Credit Suisse Commodity Return Strategy Fund	1%

Fund	Percent
U.S. Equity
DFA U.S. Large Cap Value Portfolio	7%
Northern Funds Stock Index Fund	10%
T. Rowe Price Instl. Large-Cap Growth Fund	7%
Northern Funds Mid Cap Index Fund	6%
Northern Funds Small Cap Value Fund	1%
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund	1%
International Equity
Northern Funds International Equity Index Fund	5%
Neuberger Berman International Select Fund	8%
Vanguard Emerging Markets Select Stock Portfolio	2%

Portfolio Performance¹

at NAV

w/ sales charge

As of September 30, 2021

			Average Annual Total Returns at NAV (%)¹
Fee Structure	YTD	3 Mo	1 Yr	3 Yrs	5 Yrs	Lifetime	Exp. Ratio²	Inception Date
A	6.52	-0.41	15.74	8.34	8.04	8.01	0.95	9/28/16

Fee Structure B Performance

Underlying Mutual Fund Performance³

As of 9/30/2021

					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	0.14	0.36	0.72	1.82	2.13	1.93	10/7/87
Northern Funds Bond Index Fund Fact Sheet, Prospectus, Annual Report	0.15	NOBOX	0.05	-1.61	-0.98	5.24	2.80	2.87	2/27/07
PGIM Total Return Bond 529 Portfolio Fact Sheet, Prospectus, Annual Report	0.39	PDBZX	n/a	n/a	0.90	6.27	4.02	4.58	12/27/10
American Century Short-Duration Inflation-Protection Bond Fund Fact Sheet, Prospectus, Annual Report	0.37	APISX	1.72	4.93	6.82	4.96	3.31	2.23	5/31/05
BlackRock High Yield Bond Fund Fact Sheet, Prospectus, Annual Report	0.62	BHYIX	3.16	4.12	16.05	7.16	7.53	6.69	11/19/98
AB Global Bond Fund Fact Sheet, Prospectus, Annual Report	0.55	ANAZX	1.30	-0.93	2.12	4.22	2.96	3.68	11/5/07
					Average Annual Total Returns (%)³
Real Estate Fund	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
Principal Global Real Estate Securities Fund Fact Sheet, Prospectus, Annual Report	0.88	PGRSX	-1.16	12.68	25.15	8.45	7.03	10.35	10/1/07
					Average Annual Total Returns (%)³
Domestic Equity Funds	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
DFA U.S. Large Cap Value Portfolio Fact Sheet, Prospectus, Annual Report	0.22	DFLVX	n/a	18.93	40.96	8.14	11.11	14.39	2/19/93
Northern Funds Stock Index Fund Fact Sheet, Prospectus, Annual Report	0.10	NOSIX	0.56	15.82	29.83	15.86	16.77	16.51	10/7/96
T. Rowe Price Large-Cap Growth Fund Fact Sheet, Prospectus, Annual Report	0.56	TRLGX	-0.50	16.06	31.21	21.95	24.94	21.22	10/31/01
Northern Funds Mid Cap Index Fund Fact Sheet, Prospectus, Annual Report	0.15	NOMIX	-1.79	15.42	43.46	10.93	12.80	14.54	3/22/05
Northern Funds Small Cap Value Fund Fact Sheet, Prospectus, Annual Report	1.00	NOSGX	-2.52	17.89	50.20	5.01	7.98	11.86	4/1/94
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund Fact Sheet, Prospectus, Annual Report	0.79	TQAIX	0.33	7.25	31.30	12.57	15.91	16.76	6/30/97
					Average Annual Total Returns (%)³
International Equity Funds	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
Northern Funds International Equity Index Fund Fact Sheet, Prospectus, Annual Report	0.24	NOINX	-0.89	7.80	25.06	7.44	8.60	8.08	3/22/05
Neuberger Berman International Select Fund Fact Sheet, Prospectus, Annual Report	0.81	NILIX	n/a	9.65	23.51	11.36	10.82	9.12	10/6/06
Vanguard Emerging Markets Select Stock Fund Fact Sheet, Prospectus, Annual Report	0.85	VMMSX	n/a	1.33	18.42	9.62	8.71	6.06	6/27/11
					Average Annual Total Returns (%)³
Commodities Fund	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
Credit Suisse Commodity Return Strategy Fund Fact Sheet, Prospectus, Annual Report	0.80	CRSOX	6.12	28.82	40.81	7.29	4.68	-2.69	12/30/04