Age-Based Moderate Ages 6-8

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	40%
International Equities	23%
Real Assets	7%
Fixed Income	30%

Real AssetsInternational Equity
U.S. EquityFixed Income
Money Market

The Underlying Mutual Funds

Fund	Percent
Fixed Income
PIMCO Short-Term Fund	6%
Northern Funds Bond Index Fund	5%
MainStay MacKay Total Return Bond Fund	7%
American Century Short Duration Inflation Protection Bond Fund	4%
Touchstone High Yield Fund	4%
Templeton International Bond Fund	4%
Real Assets
Principal Global Real Estate Securities Fund	4%
Credit Suisse Commodity Return Strategy Fund	3%

Fund	Percent
U.S. Equity
DFA U.S. Large Cap Value Portfolio	9%
Northern Funds Stock Index Fund	11%
T. Rowe Price Instl. Large-Cap Growth Fund	9%
Northern Funds Mid Cap Index Fund	7%
Northern Funds Small Cap Value Fund	2%
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund	2%
International Equity
Northern Funds International Equity Index Fund	7%
Neuberger Berman International Select Fund	10%
DFA International Small Company Portfolio	3%
Vanguard Emerging Markets Select Stock Portfolio	3%

Portfolio Performance¹

at NAV

w/ sales charge

As of March 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	-17.49	-17.49	-10.12	0.31	n/a	1.84	1.14	9/28/16
C	-17.63	-17.63	-10.36	0.06	n/a	1.57	1.39	9/28/16
F	-17.44	-17.44	-9.89	0.56	n/a	2.08	0.89	9/28/16

Fee Structure B Performance

Underlying Mutual Fund Performance³

As of 12/31/2019

					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
MainStay MacKay Total Return Bond Fund Fact Sheet, Prospectus, Annual Report	0.60	MTMIX	0.27	9.38	9.38	4.17	3.14	4.32	1/2/91
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
Touchstone High Yield Fund Fact Sheet, Prospectus, Annual Report	0.72	THIYX	2.83	10.90	8.40	6.66	3.59	7.69	1/27/12
Templeton International Bond Fund Fact Sheet, Prospectus, Annual Report	0.83	FIBZX	n/a	2.43	2.43	2.34	1.61	2.99	12/3/07
					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	n/a	24.85	24.85	11.45	7.12	10.58	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	0.27	DFLVX	n/a	25.45	25.45	9.66	8.63	12.75	2/19/93
Northern Funds Stock Index Fund Fact Sheet, Prospectus, Annual Report	0.10	NOSIX	9.03	31.35	31.35	15.15	11.59	13.41	10/7/96
T. Rowe Price Large-Cap Growth Fund Fact Sheet, Prospectus, Annual Report	0.56	TRLGX	10.00	28.49	28.49	22.70	15.90	16.04	10/31/01
Northern Funds Mid Cap Index Fund Fact Sheet, Prospectus, Annual Report	0.15	NOMIX	6.89	25.93	25.93	9.07	8.84	12.50	3/22/05
Northern Funds Small Cap Value Fund Fact Sheet, Prospectus, Annual Report	1.00	NOSGX	6.71	22.27	22.27	3.95	6.50	10.93	4/1/94
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund Fact Sheet, Prospectus, Annual Report	0.66	TQAIX	8.66	32.93	32.93	14.88	11.58	15.32	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	0.25	NOINX	7.84	21.98	21.98	9.64	5.71	5.38	3/22/05
Neuberger Berman International Select Fund Fact Sheet, Prospectus, Annual Report	0.81	NILIX	9.62	26.48	26.48	11.19	6.42	6.32	10/6/06
DFA International Small Company Portfolio Fact Sheet, Prospectus, Annual Report	0.53	DFISX	n/a	24.20	24.20	9.24	7.87	8.08	9/30/96
Vanguard Emerging Markets Select Stock Fund Fact Sheet, Prospectus, Annual Report	0.94	VMMSX	12.10	21.39	21.39	11.91	6.77	3.34	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	0.78	CRSOX	4.48	6.99	6.99	-1.29	-4.10	-4.80	12/30/04