Target Fixed Income Fund

Portfolio Objectives

The Fixed Income Fund is the most conservative of the target portfolios and seeks to preserve principal with less volatility than an all-bond portfolio while providing modest current income by investing approximately 50% of its net assets in money market investment funds and 50% in fixed income investment funds.

Real AssetsInternational Equity
U.S. EquityFixed Income
Money Market

Asset Allocation

Fund	Percent
Money Market
State Street U.S. Government Money Market Fund	50%
Fixed Income
PIMCO Short-Term Fund	20%
Fidelity Advisor Investment Grade Bond Fund	7%
PGIM Total Return Bond Fund	8%
American Century Short Duration Inflation Protection Bond Fund	15%

Portfolio Performance¹

at NAV

w/ sales charge

As of December 31, 2022

			Average Annual Total Returns at NAV (%)¹
Fee Structure	YTD	3 Mo	1 Yr	3 Yrs	5 Yrs	Lifetime	Exp. Ratio²	Inception Date
A	-2.50	0.92	-2.50	-0.03	0.69	0.72	0.80	8/2/10

Fee Structure B Performance

Fund Performance³

As of 3/31/2022

					Average Annual Total Returns (%)³
Money Market Fund	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
State Street U.S. Government Money Market Fund* Fact Sheet, Prospectus, Annual Report	0.12	GVMXX	0.01	0.01	0.03	0.66	1.00	0.54	10/25/07
					Average Annual Total Returns (%)³
Fixed Income Funds	Expense Ratio	Ticker	QTR	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs or Life of Fund^†	Inception Date
PIMCO Short-Term Fund Fact Sheet, Prospectus, Annual Report	0.45	PTSHX	-1.06	-1.06	-1.31	1.10	1.54	1.59	10/7/87
Fidelity Advisor Investment Grade Bond Fund Fact Sheet, Prospectus, Annual Report	0.49	FIKQX	n/a	n/a	-3.52	2.80	2.87	2.80	8/6/71
PGIM Total Return Bond 529 Portfolio Fact Sheet, Prospectus, Annual Report	0.39	PTRQX	-6.51	-6.51	-3.29	2.20	2.94	3.50	12/27/10
American Century Short-Duration Inflation-Protection Bond Fund Fact Sheet, Prospectus, Annual Report	0.37	APISX	0.09	0.09	5.09	4.91	3.37	1.87	5/31/05