Quarterly Performance

Fee Structure:

Age-Based Portfolios As of December 31, 2023	APY (%)	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 December 31, 2023	APY (%)	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	n/a	15.11	15.11	3.87	9.74	8.19	9/28/16	3.50%	0.97
Ages 3-5	n/a	13.89	13.89	3.53	9.16	7.75	9/28/16	3.50%	0.96
Ages 6-8	n/a	13.03	13.03	2.94	8.37	7.11	9/28/16	3.50%	0.95
Ages 9-10	n/a	11.81	11.81	2.43	7.41	6.23	9/28/16	3.50%	0.95
Ages 11-12	n/a	10.63	10.63	1.75	6.60	5.61	9/28/16	3.50%	0.96
Ages 13-14	n/a	9.32	9.32	1.01	5.78	4.99	9/28/16	3.50%	0.96
Ages 15-16	n/a	7.99	7.99	0.79	4.95	4.25	9/28/16	3.50%	0.95
Ages 17-18	n/a	6.54	6.54	0.28	4.01	3.46	9/28/16	3.50%	0.95
Ages 19+	n/a	5.00	5.00	0.04	3.08	2.70	9/28/16	3.50%	0.92
Age-Based Moderate
Ages 0-2	n/a	13.89	13.89	3.53	9.16	7.75	9/28/16	3.50%	0.96
Ages 3-5	n/a	13.03	13.03	2.94	8.37	7.11	9/28/16	3.50%	0.95
Ages 6-8	n/a	11.81	11.81	2.43	7.41	6.23	9/28/16	3.50%	0.95
Ages 9-10	n/a	10.63	10.63	1.75	6.60	5.61	9/28/16	3.50%	0.96
Ages 11-12	n/a	9.32	9.32	1.01	5.78	4.99	9/28/16	3.50%	0.96
Ages 13-14	n/a	7.99	7.99	0.79	4.95	4.25	9/28/16	3.50%	0.95
Ages 15-16	n/a	6.54	6.54	0.28	4.01	3.46	9/28/16	3.50%	0.95
Ages 17-18	n/a	5.00	5.00	0.04	3.08	2.70	9/28/16	3.50%	0.92
Ages 19+	n/a	3.44	3.44	-0.47	2.01	1.78	9/28/16	3.50%	0.88
Age-Based Conservative
Ages 0-2	n/a	13.03	13.03	2.94	8.37	7.11	9/28/16	3.50%	0.95
Ages 3-5	n/a	11.81	11.81	2.43	7.41	6.23	9/28/16	3.50%	0.95
Ages 6-8	n/a	10.63	10.63	1.75	6.60	5.61	9/28/16	3.50%	0.96
Ages 9-10	n/a	9.32	9.32	1.01	5.78	4.99	9/28/16	3.50%	0.96
Ages 11-12	n/a	7.99	7.99	0.79	4.95	4.25	9/28/16	3.50%	0.95
Ages 13-14	n/a	6.54	6.54	0.28	4.01	3.46	9/28/16	3.50%	0.95
Ages 15-16	n/a	5.00	5.00	0.04	3.08	2.70	9/28/16	3.50%	0.92
Ages 17-18	n/a	3.44	3.44	-0.47	2.01	1.78	9/28/16	3.50%	0.88
Ages 19+	n/a	1.27	1.27	-0.36	0.85	0.73	9/28/16	3.50%	0.80
Target Portfolios As of December 31, 2023	APY (%)	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Portfolios As of December 31, 2023	APY (%)	YTD Returns at NAV (%)¹	1 Yr	3 Yrs	5 Yrs	Lifetime	Inception Date	Max Sales Charge	Expense Ratio (%)²
Target Fund 100	n/a	15.11	15.11	3.87	9.74	8.73	8/2/10	3.50%	0.97
Target Fund 80	n/a	13.03	13.03	2.94	8.37	7.54	8/2/10	3.50%	0.95
Target Fund 60	n/a	10.63	10.63	1.75	6.60	6.13	8/2/10	3.50%	0.96
Target Fund 40	n/a	7.99	7.99	0.79	4.95	4.80	8/2/10	3.50%	0.95
Target Fund 20	n/a	5.00	5.00	0.04	3.08	3.20	8/2/10	3.50%	0.92
Target Fixed Income Fund	n/a	1.27	1.27	-0.36	0.85	0.76	8/2/10	3.50%	0.80
Individual Portfolios As of December 31, 2023	APY (%)	YTD Returns at NAV (%)¹	Average Annual Total Returns at NAV (%)¹				Inception Date	Max Sales Charge	Expense Ratio (%)²
Individual Portfolios As of December 31, 2023	APY (%)	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	5.53	4.97	4.97	2.20	n/a	1.92	7/1/20	3.50%	0.21
Money Market 529 Portfolio
State Street U.S. Government Money Market 529 Portfolio*	n/a	4.74	4.74	2.00	1.60	1.32	7/27/16	3.50%	0.33
Fixed Income 529 Portfolios
PIMCO Short-Term 529 Portfolio	n/a	5.54	5.54	1.42	1.69	1.25	8/2/10	3.50%	1.00
Northern Funds Bond Index 529 Portfolio	n/a	1.25	1.25	-5.01	-0.25	1.06	8/2/10	3.50%	0.68
Fidelity Advisor Investment Grade Bond 529 Portfolio	n/a	2.57	2.57	-4.45	0.73	0.92	10/10/12	3.50%	0.89
PGIM Total Return Bond 529 Portfolio	n/a	3.27	3.27	-4.90	n/a	-2.03	4/28/20	3.50%	0.92
American Century Short-Duration Inflation-Protection Bond Fund 529 Portfolio	n/a	-0.09	-0.09	0.46	2.11	0.94	9/26/13	3.50%	0.90
BlackRock High Yield Bond 529 Portfolio	n/a	9.06	9.06	n/a	n/a	0.20	4/15/21	3.50%	1.11
AB Global Bond Fund 529 Portfolio	n/a	2.63	2.63	n/a	n/a	-3.58	4/15/21	3.50%	1.03
Balanced 529 Portfolio
T. Rowe Price Balanced 529 Portfolio	n/a	13.41	13.41	1.83	7.67	7.39	8/2/10	3.50%	0.98
Real Estate 529 Portfolios
DFA Real Estate Securities 529 Portfolio	n/a	6.72	6.72	3.98	n/a	3.17	4/9/19	3.50%	0.71
Principal Global Real Estate Securities 529 Portfolio	n/a	6.52	6.52	-1.60	n/a	-0.31	11/25/14	3.50%	1.40
Domestic Equity 529 Portfolios
DFA U.S. Large Cap Value 529 Portfolio	n/a	7.04	7.04	8.54	9.50	5.64	2/6/18	3.50%	0.75
Northern Funds Stock Index 529 Portfolio	n/a	21.17	21.17	8.06	14.13	12.44	8/2/10	3.50%	0.63
T. Rowe Price Large-Cap Growth 529 Portfolio	n/a	40.42	40.42	3.52	14.45	14.91	8/2/10	3.50%	1.08
Northern Funds Mid Cap Index 529 Portfolio	n/a	11.68	11.68	6.14	11.05	10.58	8/2/10	3.50%	0.68
T. Rowe Price Small-Cap Value 529 Portfolio	n/a	7.79	7.79	n/a	n/a	-3.67	8/11/21	3.50%	1.21
Northern Funds Small Cap Index 529 Portfolio	n/a	12.18	12.18	0.42	8.44	9.12	8/2/10	3.50%	0.68
T. Rowe Price Integrated U.S. Small-Cap Growth Equity 529 Portfolio	n/a	16.47	16.47	-0.08	10.19	9.13	9/28/16	3.50%	1.17
International Equity 529 Portfolios
Northern Funds International Equity Index 529 Portfolio	n/a	13.28	13.28	2.26	6.82	4.69	8/2/10	3.50%	0.77
Neuberger Berman International Select 529 Portfolio	n/a	10.11	10.11	-0.99	6.96	4.79	8/2/10	3.50%	1.34
DFA International Small Company 529 Portfolio	n/a	9.78	9.78	1.02	6.60	6.27	10/10/12	3.50%	0.92
Vanguard Emerging Markets Select Stock 529 Portfolio	n/a	6.22	6.22	-5.27	n/a	0.48	4/9/19	3.50%	1.37
Commodities
Parametric Commodity Strategy 529 Portfolio	n/a	-9.14	-7.38	13.35	4.71	-3.01	10/10/12	3.50%	1.33