Quarterly Performance

Fee Structure:

Age-Based Portfolios As of March 31, 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 March 31, 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	2.97	53.98	9.59	n/a	11.41	9/28/16	3.50%	1.12
Ages 3-5	2.29	48.36	9.26	n/a	10.75	9/28/16	3.50%	1.11
Ages 6-8	1.62	43.35	8.68	n/a	9.96	9/28/16	3.50%	1.12
Ages 9-10	0.58	36.15	7.61	n/a	8.62	9/28/16	3.50%	1.14
Ages 11-12	-0.25	31.32	7.09	n/a	7.87	9/28/16	3.50%	1.12
Ages 13-14	-1.26	25.79	6.60	n/a	7.12	9/28/16	3.50%	1.13
Ages 15-16	-1.92	20.01	5.60	n/a	5.91	9/28/16	3.50%	1.11
Ages 17-18	-2.51	15.19	4.68	n/a	4.84	9/28/16	3.50%	1.12
Ages 19+	-3.12	9.76	3.61	n/a	3.63	9/28/16	3.50%	1.05
Age-Based Moderate
Ages 0-2	2.29	48.36	9.26	n/a	10.75	9/28/16	3.50%	1.11
Ages 3-5	1.62	43.35	8.68	n/a	9.96	9/28/16	3.50%	1.12
Ages 6-8	0.58	36.15	7.61	n/a	8.62	9/28/16	3.50%	1.14
Ages 9-10	-0.25	31.32	7.09	n/a	7.87	9/28/16	3.50%	1.12
Ages 11-12	-1.26	25.79	6.60	n/a	7.12	9/28/16	3.50%	1.13
Ages 13-14	-1.92	20.01	5.60	n/a	5.91	9/28/16	3.50%	1.11
Ages 15-16	-2.51	15.19	4.68	n/a	4.84	9/28/16	3.50%	1.12
Ages 17-18	-3.12	9.76	3.61	n/a	3.63	9/28/16	3.50%	1.05
Ages 19+	-3.75	4.60	2.41	n/a	2.34	9/28/16	3.50%	1.02
Age-Based Conservative
Ages 0-2	1.62	43.35	8.68	n/a	9.96	9/28/16	3.50%	1.12
Ages 3-5	0.58	36.15	7.61	n/a	8.62	9/28/16	3.50%	1.14
Ages 6-8	-0.25	31.32	7.09	n/a	7.87	9/28/16	3.50%	1.12
Ages 9-10	-1.26	25.79	6.60	n/a	7.12	9/28/16	3.50%	1.13
Ages 11-12	-1.92	20.01	5.60	n/a	5.91	9/28/16	3.50%	1.11
Ages 13-14	-2.51	15.19	4.68	n/a	4.84	9/28/16	3.50%	1.12
Ages 15-16	-3.12	9.76	3.61	n/a	3.63	9/28/16	3.50%	1.05
Ages 17-18	-3.75	4.60	2.41	n/a	2.34	9/28/16	3.50%	1.02
Ages 19+	-3.93	-1.29	0.66	n/a	0.52	9/28/16	3.50%	0.91
Target Portfolios As of March 31, 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 March 31, 2021	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Fund 100	2.97	53.98	9.59	11.73	10.23	8/2/10	3.50%	1.12
Target Fund 80	1.62	43.35	8.68	10.22	8.85	8/2/10	3.50%	1.12
Target Fund 60	-0.25	31.32	7.09	8.14	7.22	8/2/10	3.50%	1.12
Target Fund 40	-1.92	20.01	5.60	6.19	5.65	8/2/10	3.50%	1.11
Target Fund 20	-3.12	9.76	3.61	3.88	3.73	8/2/10	3.50%	1.05
Target Fixed Income Fund	-3.93	-1.29	0.66	0.63	0.68	8/2/10	3.50%	0.91
Individual Portfolios As of March 31, 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 March 31, 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	0.07	n/a	n/a	n/a	0.21	7/1/20	3.50%	0.21
Money Market 529 Portfolio
State Street U.S. Government Money Market 529 Portfolio*	0.00	0.02	1.09	n/a	0.87	7/27/16	3.50%	0.42
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio	0.09	4.61	1.67	1.84	1.19	8/2/10	3.50%	1.15
Northern Funds Bond Index 529 Portfolio	-6.95	-3.72	2.62	1.55	2.11	8/2/10	3.50%	0.80
Fidelity Advisor Investment Grade Bond 529 Portfolio	-6.77	0.17	3.68	2.84	2.02	10/10/12	3.50%	1.15
PGIM Total Return Bond 529 Portfolio	-7.89	n/a	n/a	n/a	-0.70	4/28/20	3.50%	1.14
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio	-2.26	4.48	2.14	1.53	0.80	9/26/13	3.50%	1.02
BlackRock High Yield Bond 529 Portfolio	n/a	n/a	n/a	n/a	n/a	4/15/21	3.50%	1.15
AB Global Bond Fund 529 Portfolio	n/a	n/a	n/a	n/a	n/a	4/15/21	3.50%	1.03
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio	-0.52	32.85	8.87	9.69	8.77	8/2/10	3.50%	1.11
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolio	4.36	28.40	n/a	n/a	3.77	4/9/19	3.50%	0.83
Principal Global Real Estate Securities 529 Portfolio	0.70	29.83	n/a	n/a	2.06	11/25/14	3.50%	1.53
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio	10.61	59.84	7.02	n/a	5.84	2/6/18	3.50%	0.91
Northern Funds Stock Index 529 Portfolio	2.33	49.96	14.54	14.62	13.65	8/2/10	3.50%	0.75
T. Rowe Price Large-Cap Growth 529 Portfolio	-0.09	61.23	20.43	22.38	17.95	8/2/10	3.50%	1.21
Northern Funds Mid Cap Index 529 Portfolio	9.40	76.00	11.20	12.67	12.54	8/2/10	3.50%	0.80
William Blair Small Cap Value 529 Portfolio	11.08	60.50	2.95	6.38	8.19	8/2/10	3.50%	1.90
Northern Funds Small Cap Index 529 Portfolio	8.65	86.95	12.47	14.64	12.34	8/2/10	3.50%	0.80
T. Rowe Price QM U.S. Small-Cap Growth Equity 529 Portfolio	0.48	62.88	14.10	n/a	15.29	9/28/16	3.50%	1.31
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio	-0.32	38.51	3.92	7.39	5.24	8/2/10	3.50%	0.90
Neuberger Berman International Select 529 Portfolio	-1.90	45.05	6.24	8.37	6.17	8/2/10	3.50%	1.44
DFA International Small Company 529 Portfolio	2.08	58.75	3.12	8.15	8.26	10/10/12	3.50%	1.17
Vanguard Emerging Markets Select Stock 529 Portfolio	1.55	64.21	n/a	n/a	10.65	4/9/19	3.50%	1.17
Commodities
Credit Suisse Commodity Return Strategy 529 Portfolio	2.80	29.96	-1.75	1.17	-6.79	10/10/12	3.50%	1.43