Quarterly Performance

Fee Structure:

Age-Based Portfolios As of March 31, 2019	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 March 31, 2019	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	8.24	-2.51	n/a	n/a	7.72	9/28/16	3.50%	1.12
Ages 3-5	7.29	-1.99	n/a	n/a	7.19	9/28/16	3.50%	1.11
Ages 6-8	6.40	-1.85	n/a	n/a	6.55	9/28/16	3.50%	1.13
Ages 9-10	5.48	-1.68	n/a	n/a	5.54	9/28/16	3.50%	1.14
Ages 11-12	4.57	-1.41	n/a	n/a	4.96	9/28/16	3.50%	1.14
Ages 13-14	3.77	-0.84	n/a	n/a	4.46	9/28/16	3.50%	1.13
Ages 15-16	2.72	-0.78	n/a	n/a	3.53	9/28/16	3.50%	1.14
Ages 17-18	1.55	-0.99	n/a	n/a	2.64	9/28/16	3.50%	1.12
Ages 19+	0.40	-0.81	n/a	n/a	1.85	9/28/16	3.50%	1.08
Age-Based Moderate
Ages 0-2	7.29	-1.99	n/a	n/a	7.19	9/28/16	3.50%	1.11
Ages 3-5	6.40	-1.85	n/a	n/a	6.55	9/28/16	3.50%	1.13
Ages 6-8	5.48	-1.68	n/a	n/a	5.54	9/28/16	3.50%	1.14
Ages 9-10	4.57	-1.41	n/a	n/a	4.96	9/28/16	3.50%	1.14
Ages 11-12	3.77	-0.84	n/a	n/a	4.46	9/28/16	3.50%	1.13
Ages 13-14	2.72	-0.78	n/a	n/a	3.53	9/28/16	3.50%	1.14
Ages 15-16	1.55	-0.99	n/a	n/a	2.64	9/28/16	3.50%	1.12
Ages 17-18	0.40	-0.81	n/a	n/a	1.85	9/28/16	3.50%	1.08
Ages 19+	-0.78	-1.17	n/a	n/a	0.83	9/28/16	3.50%	1.02
Age-Based Conservative
Ages 0-2	6.40	-1.85	n/a	n/a	6.55	9/28/16	3.50%	1.13
Ages 3-5	5.48	-1.68	n/a	n/a	5.54	9/28/16	3.50%	1.14
Ages 6-8	4.57	-1.41	n/a	n/a	4.96	9/28/16	3.50%	1.14
Ages 9-10	3.77	-0.84	n/a	n/a	4.46	9/28/16	3.50%	1.13
Ages 11-12	2.72	-0.78	n/a	n/a	3.53	9/28/16	3.50%	1.14
Ages 13-14	1.55	-0.99	n/a	n/a	2.64	9/28/16	3.50%	1.12
Ages 15-16	0.40	-0.81	n/a	n/a	1.85	9/28/16	3.50%	1.08
Ages 17-18	-0.78	-1.17	n/a	n/a	0.83	9/28/16	3.50%	1.02
Ages 19+	-2.41	-1.76	n/a	n/a	-0.56	9/28/16	3.50%	0.93
Target Portfolios As of March 31, 2019	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Portfolios As of March 31, 2019	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Fund 100	8.24	-2.51	8.84	5.31	8.89	8/2/10	3.50%	1.12
Target Fund 80	6.40	-1.85	7.53	4.57	7.61	8/2/10	3.50%	1.13
Target Fund 60	4.57	-1.41	5.88	3.66	6.23	8/2/10	3.50%	1.14
Target Fund 40	2.72	-0.78	4.39	2.95	4.90	8/2/10	3.50%	1.14
Target Fund 20	0.40	-0.81	2.56	1.88	3.23	8/2/10	3.50%	1.08
Target Fixed Income Fund	-2.41	-1.76	-0.21	-0.16	0.40	8/2/10	3.50%	0.93
Individual Portfolios As of March 31, 2019	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Individual Portfolios As of March 31, 2019	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Money Market 529 Portfolio
State Street U.S. Government Money Market 529 Portfolio*	0.51	1.69	n/a	n/a	0.93	7/27/16	3.50%	0.42
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio	0.92	1.67	1.96	1.21	1.07	8/2/10	3.50%	1.18
Northern Funds Bond Index 529 Portfolio	-0.85	0.01	-0.03	1.20	1.69	8/2/10	3.50%	0.80
Fidelity Advisor Investment Grade Bond 529 Portfolio	-0.16	0.40	1.19	1.41	1.01	10/10/12	3.50%	1.15
MainStay MacKay Total Return Bond 529 Portfolio	-0.36	-0.27	0.99	n/a	0.95	12/17/14	3.50%	1.25
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio	-1.75	-2.14	-0.32	-0.45	-0.47	9/26/13	3.50%	1.02
BlackRock Inflation Protected Bond 529 Portfolio	-0.58	-2.40	-0.28	0.01	1.27	8/2/10	3.50%	1.04
Touchstone High Yield 529 Portfolio	3.89	1.64	5.21	2.05	3.14	10/10/12	3.50%	1.37
Templeton International Bond 529 Portfolio	-1.51	-1.22	2.25	-0.50	0.04	10/10/12	3.50%	1.48
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio	5.68	0.11	7.19	5.14	7.69	8/2/10	3.50%	1.11
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolio	n/a	n/a	n/a	n/a	n/a	4/9/19	3.50%	0.83
Principal Global Real Estate Securities 529 Portfolio	n/a	n/a	n/a	n/a	n/a	11/25/14	3.50%	1.53
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio	6.72	-3.90	n/a	n/a	-5.52	2/6/18	3.50%	0.92
Northern Funds Stock Index 529 Portfolio	9.47	4.85	11.31	9.27	12.28	8/2/10	3.50%	0.75
American Century Equity Growth 529 Portfolio	10.09	2.38	10.83	7.46	11.67	8/2/10	3.50%	1.12
T. Rowe Price Large-Cap Growth 529 Portfolio	10.50	9.27	19.71	13.62	16.05	8/2/10	3.50%	1.21
Northern Funds Mid Cap Index 529 Portfolio	10.24	-1.84	9.01	6.62	11.23	8/2/10	3.50%	0.81
William Blair Small Cap Value 529 Portfolio	9.03	-4.64	5.98	3.50	8.47	8/2/10	3.50%	1.90
Northern Funds Small Cap Index 529 Portfolio	10.36	-2.31	10.76	5.48	10.49	8/2/10	3.50%	0.80
T. Rowe Price QM U.S. Small-Cap Growth Equity 529 Portfolio	13.04	2.77	n/a	n/a	11.47	9/28/16	3.50%	1.31
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio	6.22	-8.02	5.39	0.87	4.07	8/2/10	3.50%	0.90
Neuberger Berman International Select 529 Portfolio	7.60	-8.76	4.38	1.60	4.30	8/2/10	3.50%	1.45
DFA International Small Company 529 Portfolio	5.90	-14.79	4.75	1.61	6.70	10/10/12	3.50%	1.18
Vanguard Emerging Markets Select Stock 529 Portfolio	n/a	n/a	n/a	n/a	n/a	4/9/19	3.50%	1.59
Commodities
Credit Suisse Commodity Return Strategy 529 Portfolio	2.52	-9.48	0.38	-10.00	-9.45	10/10/12	3.50%	1.43