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 March 31, 2024

 Average Annual Total Returns w/ Sales Charge (%)1 
Fee StructureYTD3 Mo1 Yr3 Yrs5 YrsLifetimeExp.
Ratio2		Inception
Date
B-4.27-4.27-1.62-1.03-0.17-0.031.558/2/10
Fee Structure B Accounts are subject to a contingent deferred sales charge ranging from 0.50% to 5.00%. For complete details visit with your investment professional or review “Exhibit D – Fee Structure B Information” in the Program Disclosure Statement. Fee Structure B Performance

Fund Performance3

As of 12/31/2023

 Average Annual Total Returns (%)3 
Money Market FundExpense
Ratio		TickerQTRYTD1 Yr3 Yrs5 Yrs10 Yrs or Life of Fund†Inception
Date
State Street U.S. Government Money Market Fund*
Fact Sheet, Prospectus, Annual Report		0.12GVMXX1.345.085.082.211.831.1910/25/07
 Average Annual Total Returns (%)3 
Fixed Income FundsExpense
Ratio		TickerQTRYTD1 Yr3 Yrs5 Yrs10 Yrs or Life of Fund†Inception
Date
PIMCO Short-Term Fund
Fact Sheet, Prospectus, Annual Report		0.45PTSHX1.426.086.081.962.272.0210/7/87
Fidelity Advisor Investment Grade Bond Fund
Fact Sheet, Prospectus, Annual Report		0.36FIKQX6.906.726.72-2.852.082.318/6/71
PGIM Total Return Bond 529 Portfolio
Fact Sheet, Prospectus, Annual Report		0.39PTRQX7.167.787.78-3.201.732.6612/27/10
American Century Short-Duration Inflation-Protection Bond Fund
Fact Sheet, Prospectus, Annual Report		0.43APISX2.964.104.102.203.351.955/31/05