Quarterly Performance

Fee Structure:

Age-Based Portfolios As of September 30, 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 September 30, 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	3.98	14.48	5.52	4.41	6.94	9/28/16	3.50%	0.97
Ages 3-5	n/a	3.28	12.85	4.83	4.25	6.54	9/28/16	3.50%	0.96
Ages 6-8	n/a	2.83	11.43	4.01	3.84	5.94	9/28/16	3.50%	0.95
Ages 9-10	n/a	2.14	9.82	3.06	3.37	5.10	9/28/16	3.50%	0.95
Ages 11-12	n/a	1.74	8.49	2.20	3.02	4.56	9/28/16	3.50%	0.96
Ages 13-14	n/a	1.10	6.93	1.17	2.63	4.00	9/28/16	3.50%	0.96
Ages 15-16	n/a	0.61	5.46	0.65	2.31	3.35	9/28/16	3.50%	0.95
Ages 17-18	n/a	0.20	4.01	-0.02	1.85	2.68	9/28/16	3.50%	0.95
Ages 19+	n/a	-0.31	2.65	-0.49	1.44	2.04	9/28/16	3.50%	0.92
Age-Based Moderate
Ages 0-2	n/a	3.28	12.85	4.83	4.25	6.54	9/28/16	3.50%	0.96
Ages 3-5	n/a	2.83	11.43	4.01	3.84	5.94	9/28/16	3.50%	0.95
Ages 6-8	n/a	2.14	9.82	3.06	3.37	5.10	9/28/16	3.50%	0.95
Ages 9-10	n/a	1.74	8.49	2.20	3.02	4.56	9/28/16	3.50%	0.96
Ages 11-12	n/a	1.10	6.93	1.17	2.63	4.00	9/28/16	3.50%	0.96
Ages 13-14	n/a	0.61	5.46	0.65	2.31	3.35	9/28/16	3.50%	0.95
Ages 15-16	n/a	0.20	4.01	-0.02	1.85	2.68	9/28/16	3.50%	0.95
Ages 17-18	n/a	-0.31	2.65	-0.49	1.44	2.04	9/28/16	3.50%	0.92
Ages 19+	n/a	-0.78	1.16	-1.12	0.87	1.24	9/28/16	3.50%	0.88
Age-Based Conservative
Ages 0-2	n/a	2.83	11.43	4.01	3.84	5.94	9/28/16	3.50%	0.95
Ages 3-5	n/a	2.14	9.82	3.06	3.37	5.10	9/28/16	3.50%	0.95
Ages 6-8	n/a	1.74	8.49	2.20	3.02	4.56	9/28/16	3.50%	0.96
Ages 9-10	n/a	1.10	6.93	1.17	2.63	4.00	9/28/16	3.50%	0.96
Ages 11-12	n/a	0.61	5.46	0.65	2.31	3.35	9/28/16	3.50%	0.95
Ages 13-14	n/a	0.20	4.01	-0.02	1.85	2.68	9/28/16	3.50%	0.95
Ages 15-16	n/a	-0.31	2.65	-0.49	1.44	2.04	9/28/16	3.50%	0.92
Ages 17-18	n/a	-0.78	1.16	-1.12	0.87	1.24	9/28/16	3.50%	0.88
Ages 19+	n/a	-0.94	-0.03	-0.95	0.44	0.44	9/28/16	3.50%	0.80
Target Portfolios As of September 30, 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 September 30, 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	3.98	14.48	5.52	4.41	8.07	8/2/10	3.50%	0.97
Target Fund 80	n/a	2.83	11.43	4.01	3.84	6.92	8/2/10	3.50%	0.95
Target Fund 60	n/a	1.74	8.49	2.20	3.02	5.57	8/2/10	3.50%	0.96
Target Fund 40	n/a	0.61	5.46	0.65	2.31	4.33	8/2/10	3.50%	0.95
Target Fund 20	n/a	-0.31	2.65	-0.49	1.44	2.86	8/2/10	3.50%	0.92
Target Fixed Income Fund	n/a	-0.94	-0.03	-0.95	0.44	0.61	8/2/10	3.50%	0.80
Individual Portfolios As of September 30, 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 September 30, 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	3.69	4.50	1.81	n/a	1.69	7/1/20	3.50%	0.21
Money Market 529 Portfolio
State Street U.S. Government Money Market 529 Portfolio*	n/a	3.52	4.33	1.61	1.45	1.21	7/27/16	3.50%	0.33
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio	n/a	4.20	4.95	1.05	1.32	1.18	8/2/10	3.50%	1.00
Northern Funds Bond Index 529 Portfolio	n/a	-5.11	-3.41	-6.88	-1.25	0.58	8/2/10	3.50%	0.68
Fidelity Advisor Investment Grade Bond 529 Portfolio	n/a	-4.04	-2.69	-6.20	-0.39	0.34	10/10/12	3.50%	0.89
PGIM Total Return Bond 529 Portfolio	n/a	-3.50	-1.30	-6.35	n/a	-4.10	4/28/20	3.50%	0.92
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio	n/a	-2.89	-1.82	-0.03	1.38	0.68	9/26/13	3.50%	0.90
BlackRock High Yield Bond 529 Portfolio	n/a	2.26	6.29	n/a	n/a	-2.37	4/15/21	3.50%	1.11
AB Global Bond Fund 529 Portfolio	n/a	-3.72	-2.62	n/a	n/a	-6.40	4/15/21	3.50%	1.03
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio	n/a	3.53	10.25	1.88	3.92	6.79	8/2/10	3.50%	0.98
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolio	n/a	-9.37	-5.90	1.12	n/a	-0.35	4/9/19	3.50%	0.71
Principal Global Real Estate Securities 529 Portfolio	n/a	-7.88	-3.17	-2.91	n/a	-3.51	11/25/14	3.50%	1.40
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio	n/a	-1.71	11.90	11.60	4.21	4.31	2/6/18	3.50%	0.75
Northern Funds Stock Index 529 Portfolio	n/a	8.64	16.67	8.19	8.40	11.76	8/2/10	3.50%	0.63
T. Rowe Price Large-Cap Growth 529 Portfolio	n/a	23.04	22.62	3.14	8.39	14.07	8/2/10	3.50%	1.08
Northern Funds Mid Cap Index 529 Portfolio	n/a	0.16	10.79	10.00	4.57	9.88	8/2/10	3.50%	0.68
T. Rowe Price Small-Cap Value 529 Portfolio	n/a	-4.64	-0.28	n/a	n/a	-9.45	8/11/21	3.50%	1.21
Northern Funds Small Cap Index 529 Portfolio	n/a	-1.49	4.55	5.27	0.95	8.23	8/2/10	3.50%	0.68
T. Rowe Price QM U.S. Small-Cap Growth Equity 529 Portfolio	n/a	3.47	10.94	2.73	3.04	7.64	9/28/16	3.50%	1.17
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio	n/a	2.41	21.10	3.85	1.86	3.98	8/2/10	3.50%	0.77
Neuberger Berman International Select 529 Portfolio	n/a	-0.38	14.10	-0.40	1.74	4.09	8/2/10	3.50%	1.34
DFA International Small Company 529 Portfolio	n/a	-0.77	16.72	3.16	0.72	5.44	10/10/12	3.50%	0.92
Vanguard Emerging Markets Select Stock 529 Portfolio	n/a	0.21	11.56	-0.38	n/a	-0.79	4/9/19	3.50%	1.37
Commodities
Parametric Commodity Strategy 529 Portfolio	n/a	-9.14	-7.38	13.35	4.71	-3.01	10/10/12	3.50%	1.33