Monthly Performance

Fee Structure:

Age-Based Portfolios As of August 31, 2023	APY (%)	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Age-Based Portfolios As of August 31, 2023	APY (%)	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Age-Based Aggressive
Ages 0-2	n/a	11.67	6.80	8.88	6.11	8.23	9/28/16	3.50%	0.97
Ages 3-5	n/a	10.38	5.52	7.95	5.86	7.74	9/28/16	3.50%	0.96
Ages 6-8	n/a	9.33	4.45	6.81	5.31	7.04	9/28/16	3.50%	0.95
Ages 9-10	n/a	8.05	3.12	5.56	4.68	6.09	9/28/16	3.50%	0.95
Ages 11-12	n/a	6.93	2.47	4.36	4.19	5.43	9/28/16	3.50%	0.96
Ages 13-14	n/a	5.54	1.41	2.96	3.66	4.76	9/28/16	3.50%	0.96
Ages 15-16	n/a	4.33	0.40	2.17	3.16	3.98	9/28/16	3.50%	0.95
Ages 17-18	n/a	3.09	-0.39	1.19	2.52	3.17	9/28/16	3.50%	0.95
Ages 19+	n/a	1.68	-1.04	0.33	1.92	2.39	9/28/16	3.50%	0.92
Age-Based Moderate
Ages 0-2	n/a	10.38	5.52	7.95	5.86	7.74	9/28/16	3.50%	0.96
Ages 3-5	n/a	9.33	4.45	6.81	5.31	7.04	9/28/16	3.50%	0.95
Ages 6-8	n/a	8.05	3.12	5.56	4.68	6.09	9/28/16	3.50%	0.95
Ages 9-10	n/a	6.93	2.47	4.36	4.19	5.43	9/28/16	3.50%	0.96
Ages 11-12	n/a	5.54	1.41	2.96	3.66	4.76	9/28/16	3.50%	0.96
Ages 13-14	n/a	4.33	0.40	2.17	3.16	3.98	9/28/16	3.50%	0.95
Ages 15-16	n/a	3.09	-0.39	1.19	2.52	3.17	9/28/16	3.50%	0.95
Ages 17-18	n/a	1.68	-1.04	0.33	1.92	2.39	9/28/16	3.50%	0.92
Ages 19+	n/a	0.45	-1.69	-0.63	1.20	1.46	9/28/16	3.50%	0.88
Age-Based Conservative
Ages 0-2	n/a	9.33	4.45	6.81	5.31	7.04	9/28/16	3.50%	0.95
Ages 3-5	n/a	8.05	3.12	5.56	4.68	6.09	9/28/16	3.50%	0.95
Ages 6-8	n/a	6.93	2.47	4.36	4.19	5.43	9/28/16	3.50%	0.96
Ages 9-10	n/a	5.54	1.41	2.96	3.66	4.76	9/28/16	3.50%	0.96
Ages 11-12	n/a	4.33	0.40	2.17	3.16	3.98	9/28/16	3.50%	0.95
Ages 13-14	n/a	3.09	-0.39	1.19	2.52	3.17	9/28/16	3.50%	0.95
Ages 15-16	n/a	1.68	-1.04	0.33	1.92	2.39	9/28/16	3.50%	0.92
Ages 17-18	n/a	0.45	-1.69	-0.63	1.20	1.46	9/28/16	3.50%	0.88
Ages 19+	n/a	-1.03	-1.74	-0.97	0.45	0.44	9/28/16	3.50%	0.80
Target Portfolios As of August 31, 2023	APY (%)	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Portfolios As of August 31, 2023	APY (%)	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Fund 100	n/a	11.67	6.80	8.88	6.11	8.77	8/2/10	3.50%	0.97
Target Fund 80	n/a	9.33	4.45	6.81	5.31	7.52	8/2/10	3.50%	0.95
Target Fund 60	n/a	6.93	2.47	4.36	4.19	6.05	8/2/10	3.50%	0.96
Target Fund 40	n/a	4.33	0.40	2.17	3.16	4.68	8/2/10	3.50%	0.95
Target Fund 20	n/a	1.68	-1.04	0.33	1.92	3.05	8/2/10	3.50%	0.92
Target Fixed Income Fund	n/a	-1.03	-1.74	-0.97	0.45	0.61	8/2/10	3.50%	0.80
Individual Portfolios As of August 31, 2023	APY (%)	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Individual Portfolios As of August 31, 2023	APY (%)	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Bank Savings 529 Portfolio
Bank Savings 529 Portfolio	5.53	2.78	3.93	1.53	n/a	1.50	7/1/20	3.50%	0.21
Money Market 529 Portfolio
State Street U.S. Government Money Market 529 Portfolio*	n/a	2.65	3.77	1.33	1.33	1.12	7/27/16	3.50%	0.33
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio	n/a	3.13	4.50	0.85	1.20	1.11	8/2/10	3.50%	1.00
Northern Funds Bond Index 529 Portfolio	n/a	-1.97	-7.24	-6.17	-0.64	0.84	8/2/10	3.50%	0.68
Fidelity Advisor Investment Grade Bond 529 Portfolio	n/a	-0.91	-6.25	-5.47	0.23	0.64	10/10/12	3.50%	0.89
PGIM Total Return Bond 529 Portfolio	n/a	-0.49	-5.51	-5.62	n/a	-3.40	4/28/20	3.50%	0.92
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio	n/a	-2.36	-6.32	0.50	1.52	0.75	9/26/13	3.50%	0.90
BlackRock High Yield Bond 529 Portfolio	n/a	3.09	0.37	n/a	n/a	-2.19	4/15/21	3.50%	1.11
AB Global Bond Fund 529 Portfolio	n/a	-1.53	-6.48	n/a	n/a	-5.93	4/15/21	3.50%	1.03
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio	n/a	9.12	3.29	4.27	5.16	7.31	8/2/10	3.50%	0.98
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolio	n/a	0.94	-13.75	3.91	n/a	2.15	4/9/19	3.50%	0.71
Principal Global Real Estate Securities 529 Portfolio	n/a	1.30	-12.61	0.07	n/a	-1.50	11/25/14	3.50%	1.40
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio	n/a	4.05	5.08	14.45	5.72	5.53	2/6/18	3.50%	0.75
Northern Funds Stock Index 529 Portfolio	n/a	16.01	8.34	11.68	10.64	12.49	8/2/10	3.50%	0.63
T. Rowe Price Large-Cap Growth 529 Portfolio	n/a	29.99	12.07	6.40	10.55	14.74	8/2/10	3.50%	1.08
Northern Funds Mid Cap Index 529 Portfolio	n/a	9.00	5.96	13.17	6.76	10.73	8/2/10	3.50%	0.68
T. Rowe Price Small-Cap Value 529 Portfolio	n/a	6.08	-1.48	n/a	n/a	-5.21	8/11/21	3.50%	1.21
Northern Funds Small Cap Index 529 Portfolio	n/a	10.36	3.57	10.03	3.60	9.29	8/2/10	3.50%	0.68
T. Rowe Price QM U.S. Small-Cap Growth Equity 529 Portfolio	n/a	11.82	6.27	5.93	5.68	9.06	9/28/16	3.50%	1.17
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio	n/a	10.62	11.31	7.33	3.15	4.65	8/2/10	3.50%	0.77
Neuberger Berman International Select 529 Portfolio	n/a	8.18	5.54	3.43	3.17	4.81	8/2/10	3.50%	1.34
DFA International Small Company 529 Portfolio	n/a	7.00	6.14	7.76	1.79	6.26	10/10/12	3.50%	0.92
Vanguard Emerging Markets Select Stock 529 Portfolio	n/a	10.43	10.37	2.66	n/a	1.44	4/9/19	3.50%	1.37
Commodities
Credit Suisse Commodity Return Strategy 529 Portfolio	n/a	-6.93	-12.53	15.61	5.18	-2.84	10/10/12	3.50%	1.33