Monthly Performance

Fee Structure:

Age-Based Portfolios As of April 29, 2022	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 April 29, 2022	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	-16.78	-11.61	6.88	7.54	8.47	9/28/16	3.50%	0.98
Ages 3-5	-15.94	-10.88	6.62	7.17	8.03	9/28/16	3.50%	0.97
Ages 6-8	-15.16	-10.67	5.99	6.54	7.35	9/28/16	3.50%	0.97
Ages 9-10	-13.99	-9.66	5.29	5.76	6.42	9/28/16	3.50%	0.98
Ages 11-12	-13.69	-9.87	4.47	5.07	5.69	9/28/16	3.50%	0.97
Ages 13-14	-13.47	-9.85	3.72	4.45	5.02	9/28/16	3.50%	0.95
Ages 15-16	-11.95	-8.54	3.20	3.81	4.23	9/28/16	3.50%	0.95
Ages 17-18	-10.80	-8.07	2.42	3.02	3.37	9/28/16	3.50%	0.95
Ages 19+	-9.43	-7.16	1.59	2.24	2.50	9/28/16	3.50%	0.91
Age-Based Moderate
Ages 0-2	-15.94	-10.88	6.62	7.17	8.03	9/28/16	3.50%	0.97
Ages 3-5	-15.16	-10.67	5.99	6.54	7.35	9/28/16	3.50%	0.97
Ages 6-8	-13.99	-9.66	5.29	5.76	6.42	9/28/16	3.50%	0.98
Ages 9-10	-13.69	-9.87	4.47	5.07	5.69	9/28/16	3.50%	0.97
Ages 11-12	-13.47	-9.85	3.72	4.45	5.02	9/28/16	3.50%	0.95
Ages 13-14	-11.95	-8.54	3.20	3.81	4.23	9/28/16	3.50%	0.95
Ages 15-16	-10.80	-8.07	2.42	3.02	3.37	9/28/16	3.50%	0.95
Ages 17-18	-9.43	-7.16	1.59	2.24	2.50	9/28/16	3.50%	0.91
Ages 19+	-8.24	-6.82	0.58	1.30	1.43	9/28/16	3.50%	0.86
Age-Based Conservative
Ages 0-2	-15.16	-10.67	5.99	6.54	7.35	9/28/16	3.50%	0.97
Ages 3-5	-13.99	-9.66	5.29	5.76	6.42	9/28/16	3.50%	0.98
Ages 6-8	-13.69	-9.87	4.47	5.07	5.69	9/28/16	3.50%	0.97
Ages 9-10	-13.47	-9.85	3.72	4.45	5.02	9/28/16	3.50%	0.95
Ages 11-12	-11.95	-8.54	3.20	3.81	4.23	9/28/16	3.50%	0.95
Ages 13-14	-10.80	-8.07	2.42	3.02	3.37	9/28/16	3.50%	0.95
Ages 15-16	-9.43	-7.16	1.59	2.24	2.50	9/28/16	3.50%	0.91
Ages 17-18	-8.24	-6.82	0.58	1.30	1.43	9/28/16	3.50%	0.86
Ages 19+	-5.31	-4.97	-0.39	0.20	0.20	9/28/16	3.50%	0.79
Target Portfolios As of April 29, 2022	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Portfolios As of April 29, 2022	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Fund 100	-16.78	-11.61	6.88	7.54	8.94	8/2/10	3.50%	0.98
Target Fund 80	-15.16	-10.67	5.99	6.54	7.72	8/2/10	3.50%	0.97
Target Fund 60	-13.69	-9.87	4.47	5.07	6.24	8/2/10	3.50%	0.97
Target Fund 40	-11.95	-8.54	3.20	3.81	4.88	8/2/10	3.50%	0.95
Target Fund 20	-9.43	-7.16	1.59	2.24	3.18	8/2/10	3.50%	0.91
Target Fixed Income Fund	-5.31	-4.97	-0.39	0.20	0.51	8/2/10	3.50%	0.79
Individual Portfolios As of April 29, 2022	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Individual Portfolios As of April 29, 2022	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	0.10	0.29	n/a	n/a	0.29	7/1/20	3.50%	0.21
Money Market 529 Portfolio
State Street U.S. Government Money Market 529 Portfolio*	0.03	0.03	0.49	0.79	0.71	7/27/16	3.50%	0.33
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio	-1.24	-1.94	0.39	0.87	0.92	8/2/10	3.50%	1.08
Northern Funds Bond Index 529 Portfolio	-12.91	-12.31	-1.54	-0.27	1.15	8/2/10	3.50%	0.68
Fidelity Advisor Investment Grade Bond 529 Portfolio	-12.58	-11.45	-0.36	0.60	0.97	10/10/12	3.50%	0.89
PGIM Total Return Bond 529 Portfolio	-13.79	-12.05	n/a	n/a	-4.40	4/28/20	3.50%	0.92
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio	-3.75	-0.46	3.00	2.05	1.19	9/26/13	3.50%	0.90
BlackRock High Yield Bond 529 Portfolio	-10.68	-7.74	n/a	n/a	-7.30	4/15/21	3.50%	1.15
AB Global Bond Fund 529 Portfolio	-11.36	-10.47	n/a	n/a	-10.30	4/15/21	3.50%	1.03
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio	-15.43	-10.95	5.33	6.34	7.56	8/2/10	3.50%	0.99
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolio	-12.32	6.40	8.57	n/a	8.29	4/9/19	3.50%	0.71
Principal Global Real Estate Securities 529 Portfolio	-13.68	-4.18	3.15	n/a	3.05	11/25/14	3.50%	1.40
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio	-9.52	-3.95	7.49	n/a	5.36	2/6/18	3.50%	0.75
Northern Funds Stock Index 529 Portfolio	-16.14	-4.58	11.76	12.07	12.77	8/2/10	3.50%	0.63
T. Rowe Price Large-Cap Growth 529 Portfolio	-28.13	-21.32	9.66	14.03	14.93	8/2/10	3.50%	1.09
Northern Funds Mid Cap Index 529 Portfolio	-14.96	-12.11	7.86	7.71	10.98	8/2/10	3.50%	0.68
T. Rowe Price Small-Cap Value 529 Portfolio	-17.11	n/a	n/a	n/a	-13.37	8/11/21	3.50%	1.23
Northern Funds Small Cap Index 529 Portfolio	-19.75	-21.29	4.70	5.67	9.54	8/2/10	3.50%	0.68
T. Rowe Price QM U.S. Small-Cap Growth Equity 529 Portfolio	-23.03	-21.95	4.65	7.62	8.93	9/28/16	3.50%	1.18
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio	-15.92	-13.76	2.16	3.13	4.12	8/2/10	3.50%	0.77
Neuberger Berman International Select 529 Portfolio	-20.87	-16.13	3.78	4.47	4.81	8/2/10	3.50%	1.34
DFA International Small Company 529 Portfolio	-16.24	-14.60	3.85	3.33	6.51	10/10/12	3.50%	0.97
Vanguard Emerging Markets Select Stock 529 Portfolio	-16.55	-24.99	-0.06	n/a	-0.42	4/9/19	3.50%	1.38
Commodities
Credit Suisse Commodity Return Strategy 529 Portfolio	25.46	39.34	16.57	8.92	-1.60	10/10/12	3.50%	1.33