Blend Enrollment 2029/2030

The Blend Enrollment 2029/2030 Portfolio currently invests in the following mix of equity, real asset, fixed income, and bank deposit Underlying Investments. Enrollment Year Portfolios will adjust over time so that as the Beneficiary nears their Enrollment Year, the allocation between U.S. equity, international equity, fixed income, bank deposit, and real asset Underlying Investment becomes more conservative relative other allocations in earlier years.

Underlying Investments

Northern Stock Index Strategy 19.70%

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Fidelity U.S. Bond Index Fund 12.60%

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iShares Short-Term TIPS Bond Index Fund 10.00%

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Baird Short-Term Bond Fund 9.00%

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Fidelity Short-Term Bond Index Fund 9.00%

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PGIM Core Bond Fund 7.70%

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American Beacon Garcia Hamilton Quality Bond Fund 5.10%

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BlackRock High Yield Fund 3.50%

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Northern International Equity Index Fund 3.40%

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AB Global Bond Fund 3.30%

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Lazard International Dynamic Equity ETF 3.30%

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UBS Asset Management Floating Rate High Income Fund 2.50%

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Payden Emerging Markets Bond Fund 2.30%

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American Beacon Ninety One Emerging Markets Equity Fund 1.90%

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Principal Global Real Estate Securities Fund 1.50%

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Ariel Fund 1.40%

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DFA International Small Company Portfolio 1.40%

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Vanguard Explorer Fund 1.40%

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Virtus Duff & Phelps Global Infrastructure Fund 1.00%

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Past performance is not necessarily an indication of future performance. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may be lower or higher than the performance data above. Performance information is current as of the most recent timeframe referenced above and is net of the Underlying Investment expenses, the program management fee, state fee, and any applicable account servicing fee.

For more information about the risks associated with each Investment Option and Underlying Investments, read the Program Disclosure Statement and the fund prospectus. The Investment Options’ risks are directly related to the risks of the Underlying Investments.