Quarterly Performance

Fee Structure:

Age-Based Portfolios As of June 30, 2021	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 June 30, 2021	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	10.25	37.45	11.76	n/a	12.39	9/28/16	3.50%	0.98
Ages 3-5	9.02	33.39	11.21	n/a	11.65	9/28/16	3.50%	0.97
Ages 6-8	7.65	29.80	10.47	n/a	10.75	9/28/16	3.50%	0.97
Ages 9-10	6.20	25.10	9.33	n/a	9.39	9/28/16	3.50%	0.98
Ages 11-12	4.65	21.13	8.61	n/a	8.53	9/28/16	3.50%	0.97
Ages 13-14	3.21	17.02	7.97	n/a	7.74	9/28/16	3.50%	0.95
Ages 15-16	2.03	13.21	6.82	n/a	6.47	9/28/16	3.50%	0.95
Ages 17-18	0.53	9.32	5.63	n/a	5.25	9/28/16	3.50%	0.95
Ages 19+	-0.72	5.36	4.30	n/a	3.97	9/28/16	3.50%	0.91
Age-Based Moderate
Ages 0-2	9.02	33.39	11.21	n/a	11.65	9/28/16	3.50%	0.97
Ages 3-5	7.65	29.80	10.47	n/a	10.75	9/28/16	3.50%	0.97
Ages 6-8	6.20	25.10	9.33	n/a	9.39	9/28/16	3.50%	0.98
Ages 9-10	4.65	21.13	8.61	n/a	8.53	9/28/16	3.50%	0.97
Ages 11-12	3.21	17.02	7.97	n/a	7.74	9/28/16	3.50%	0.95
Ages 13-14	2.03	13.21	6.82	n/a	6.47	9/28/16	3.50%	0.95
Ages 15-16	0.53	9.32	5.63	n/a	5.25	9/28/16	3.50%	0.95
Ages 17-18	-0.72	5.36	4.30	n/a	3.97	9/28/16	3.50%	0.91
Ages 19+	-2.16	1.54	2.87	n/a	2.57	9/28/16	3.50%	0.86
Age-Based Conservative
Ages 0-2	7.65	29.80	10.47	n/a	10.75	9/28/16	3.50%	0.97
Ages 3-5	6.20	25.10	9.33	n/a	9.39	9/28/16	3.50%	0.98
Ages 6-8	4.65	21.13	8.61	n/a	8.53	9/28/16	3.50%	0.97
Ages 9-10	3.21	17.02	7.97	n/a	7.74	9/28/16	3.50%	0.95
Ages 11-12	2.03	13.21	6.82	n/a	6.47	9/28/16	3.50%	0.95
Ages 13-14	0.53	9.32	5.63	n/a	5.25	9/28/16	3.50%	0.95
Ages 15-16	-0.72	5.36	4.30	n/a	3.97	9/28/16	3.50%	0.91
Ages 17-18	-2.16	1.54	2.87	n/a	2.57	9/28/16	3.50%	0.86
Ages 19+	-3.50	-2.63	0.71	n/a	0.59	9/28/16	3.50%	0.79
Target Portfolios As of June 30, 2021	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Portfolios As of June 30, 2021	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Fund 100	10.25	37.45	11.76	13.01	10.67	8/2/10	3.50%	0.98
Target Fund 80	7.65	29.80	10.47	11.21	9.22	8/2/10	3.50%	0.97
Target Fund 60	4.65	21.13	8.61	8.88	7.52	8/2/10	3.50%	0.97
Target Fund 40	2.03	13.21	6.82	6.69	5.90	8/2/10	3.50%	0.95
Target Fund 20	-0.72	5.36	4.30	4.09	3.87	8/2/10	3.50%	0.91
Target Fixed Income Fund	-3.50	-2.63	0.71	0.62	0.71	8/2/10	3.50%	0.79
Individual Portfolios As of June 30, 2021	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Individual Portfolios As of June 30, 2021	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	0.14	n/a	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*	0.00	0.01	0.98	n/a	0.83	7/27/16	3.50%	0.33
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio	0.00	0.71	1.42	1.69	1.15	8/2/10	3.50%	1.08
Northern Funds Bond Index 529 Portfolio	-5.37	-4.44	3.32	1.48	2.22	8/2/10	3.50%	0.68
Fidelity Advisor Investment Grade Bond 529 Portfolio	-4.79	-2.88	4.54	2.68	2.21	10/10/12	3.50%	0.89
PGIM Total Return Bond 529 Portfolio	-5.11	-1.46	n/a	n/a	1.95	4/28/20	3.50%	0.92
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio	-0.57	2.84	2.59	1.71	0.99	9/26/13	3.50%	0.90
BlackRock High Yield Bond 529 Portfolio	n/a	n/a	n/a	n/a	-1.47	4/15/21	3.50%	1.15
AB Global Bond Fund 529 Portfolio	n/a	n/a	n/a	n/a	-2.82	4/15/21	3.50%	1.03
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio	4.69	21.73	10.44	10.58	9.07	8/2/10	3.50%	0.99
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolio	17.19	27.72	n/a	n/a	8.86	4/9/19	3.50%	0.71
Principal Global Real Estate Securities 529 Portfolio	9.75	27.22	n/a	n/a	5.84	11/25/14	3.50%	1.40
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio	16.23	44.58	8.73	n/a	6.95	2/6/18	3.50%	0.75
Northern Funds Stock Index 529 Portfolio	10.91	35.06	16.42	15.95	14.15	8/2/10	3.50%	0.63
T. Rowe Price Large-Cap Growth 529 Portfolio	12.30	41.15	22.60	25.31	18.77	8/2/10	3.50%	1.09
Northern Funds Mid Cap Index 529 Portfolio	13.17	46.95	10.99	12.61	12.59	8/2/10	3.50%	0.68
T. Rowe Price Small-Cap Value 529 Portfolio	13.49	45.08	1.89	6.14	8.21	8/11/21	3.50%	1.23
Northern Funds Small Cap Index 529 Portfolio	13.10	55.41	11.28	14.72	12.46	8/2/10	3.50%	0.68
T. Rowe Price QM U.S. Small-Cap Growth Equity 529 Portfolio	2.88	34.66	12.99	n/a	15.01	9/28/16	3.50%	1.18
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio	4.70	27.02	6.29	8.61	5.59	8/2/10	3.50%	0.77
Neuberger Berman International Select 529 Portfolio	6.25	30.18	9.73	10.82	6.80	8/2/10	3.50%	1.34
DFA International Small Company 529 Portfolio	7.87	39.20	5.79	9.63	8.70	10/10/12	3.50%	0.97
Vanguard Emerging Markets Select Stock 529 Portfolio	5.97	40.86	n/a	n/a	11.52	4/9/19	3.50%	1.38
Commodities
Credit Suisse Commodity Return Strategy 529 Portfolio	16.84	40.11	2.53	1.37	-5.22	10/10/12	3.50%	1.33