Fee Structure: A B C F
Age-Based Portfolios
As of December 31, 2019
YTD Returns
at NAV (%)1
Average Annual Total Returns at NAV (%)1Inception
Date
Max Sales
Charge
Expense
Ratio (%)2
1 Yr3 Yrs5 YrsLifetime
Age-Based Aggressive
Ages 0-225.4825.4811.52n/a11.029/28/16--0.87
Ages 3-523.5923.5910.77n/a10.349/28/16--0.86
Ages 6-821.5121.519.89n/a9.579/28/16--0.88
Ages 9-1019.3419.348.83n/a8.449/28/16--0.89
Ages 11-1217.5917.598.12n/a7.809/28/16--0.89
Ages 13-1416.1016.107.58n/a7.229/28/16--0.88
Ages 15-1613.8113.816.52n/a6.189/28/16--0.89
Ages 17-1811.4511.455.47n/a5.169/28/16--0.87
Ages 19+9.139.134.50n/a4.219/28/16--0.83
Age-Based Moderate
Ages 0-223.5923.5910.77n/a10.349/28/16--0.86
Ages 3-521.5121.519.89n/a9.579/28/16--0.88
Ages 6-819.3419.348.83n/a8.449/28/16--0.89
Ages 9-1017.5917.598.12n/a7.809/28/16--0.89
Ages 11-1216.1016.107.58n/a7.229/28/16--0.88
Ages 13-1413.8113.816.52n/a6.189/28/16--0.89
Ages 15-1611.4511.455.47n/a5.169/28/16--0.87
Ages 17-189.139.134.50n/a4.219/28/16--0.83
Ages 19+6.766.763.42n/a3.119/28/16--0.77
Age-Based Conservative
Ages 0-221.5121.519.89n/a9.579/28/16--0.88
Ages 3-519.3419.348.83n/a8.449/28/16--0.89
Ages 6-817.5917.598.12n/a7.809/28/16--0.89
Ages 9-1016.1016.107.58n/a7.229/28/16--0.88
Ages 11-1213.8113.816.52n/a6.189/28/16--0.89
Ages 13-1411.4511.455.47n/a5.169/28/16--0.87
Ages 15-169.139.134.50n/a4.219/28/16--0.83
Ages 17-186.766.763.42n/a3.119/28/16--0.77
Ages 19+3.333.331.76n/a1.449/28/16--0.68
Target Portfolios
As of December 31, 2019
YTD Returns
at NAV (%)1
Average Annual Total Returns at NAV (%)1Inception
Date
Max Sales
Charge
Expense
Ratio (%)2
1 Yr3 Yrs5 YrsLifetime
Target Fund 10025.4825.4811.528.0610.118/2/10--0.87
Target Fund 8021.5121.519.897.068.758/2/10--0.88
Target Fund 6017.5917.598.125.897.288/2/10--0.89
Target Fund 4013.8113.816.524.835.898/2/10--0.89
Target Fund 209.139.134.503.464.188/2/10--0.83
Target Fixed Income Fund3.333.331.761.211.198/2/10--0.68
Individual Portfolios
As of December 31, 2019
YTD Returns
at NAV (%)1
Average Annual Total Returns at NAV (%)1Inception
Date
Max Sales
Charge
Expense
Ratio (%)2
1 Yr3 Yrs5 YrsLifetime
Money Market 529 Portfolio
State Street U.S. Government Money Market 529 Portfolio*1.841.841.25n/a1.107/27/16--0.42
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio2.252.251.801.691.358/2/10--0.93
Northern Funds Bond Index 529 Portfolio8.238.233.442.462.618/2/10--0.55
Fidelity Advisor Investment Grade Bond 529 Portfolio9.199.193.872.852.4110/10/12--0.90
MainStay MacKay Total Return Bond 529 Portfolio9.019.013.782.752.8112/17/14--1.00
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio4.584.581.671.450.809/26/13--0.77
BlackRock Inflation Protected Bond 529 Portfolio7.777.772.641.792.278/2/10--0.79
Touchstone High Yield 529 Portfolio14.0714.075.564.504.3710/10/12--1.12
Templeton International Bond 529 Portfolio2.132.131.941.200.7410/10/12--1.23
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio20.4820.4810.357.308.798/2/10--0.86
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolion/an/an/an/a9.204/9/19--0.58
Principal Global Real Estate Securities 529 Portfolion/an/an/an/a8.6011/25/14--1.28
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio25.0025.00n/an/a5.152/6/18--0.67
Northern Funds Stock Index 529 Portfolio30.8330.8314.6911.1213.638/2/10--0.50
American Century Equity Growth 529 Portfolio28.0828.0813.368.8112.748/2/10--0.87
T. Rowe Price Large-Cap Growth 529 Portfolio27.9627.9622.2015.4316.748/2/10--0.96
Northern Funds Mid Cap Index 529 Portfolio25.4625.468.648.3912.068/2/10--0.56
William Blair Small Cap Value 529 Portfolio20.0420.042.655.109.128/2/10--1.65
Northern Funds Small Cap Index 529 Portfolio24.6924.698.007.6411.288/2/10--0.55
T. Rowe Price QM U.S. Small-Cap Growth Equity 529 Portfolio32.4532.4514.41n/a14.339/28/16--1.06
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio21.5021.509.205.295.468/2/10--0.65
Neuberger Berman International Select 529 Portfolio26.0026.0010.756.005.968/2/10--1.20
DFA International Small Company 529 Portfolio23.8023.808.767.428.5110/10/12--0.93
Vanguard Emerging Markets Select Stock 529 Portfolion/an/an/an/a4.704/9/19--1.34
Commodities
Credit Suisse Commodity Return Strategy 529 Portfolio 6.536.53-1.68-4.48-7.8210/10/12--1.18