Age-Based Conservative

(Beneficiary age 15-16)

The Age-Based Conservative Investment Option invests in the following mix of domestic and international equity, global real estate, fixed income, and/or cash equivalents allocated based on the current age of the Beneficiary. The Age-Based Investment Options adjust over time so that as the Beneficiary nears college age each Age-Based Investment Option’s allocation between domestic and international equity, global real estate, fixed income, and cash equivalents becomes more conservative relative to the allocation in earlier years.

Underlying Investments

Fidelity U.S. Bond Index Fund 29.50%

Fidelity U.S. Bond Index Fund’s Complete Fund Information URL
Vanguard Short-Term Bond ETF 25.00%

Vanguard Short-Term Bond ETF’s Complete Fund Information URL
Vanguard Total Stock Market ETF 13.00%

Vanguard Total Stock Market ETF’s Complete Fund Information URL
Vanguard Short-Term Inflation-Protected Securities ETF 11.00%

Vanguard Short-Term Inflation-Protected Securities ETF’s Complete Fund Information URL
Vanguard Global Credit Bond Fund 5.50%
Fidelity Total International Index Fund 5.00%

Fidelity Total International Index Fund’s Complete Fund Information URL
State Street U.S. Government Money Market Fund 4.50%

State Street U.S. Government Money Market Fund’s Complete Fund Information URL
Union Bank/Nelnet Bank Savings 4.50%
iShares Global REIT ETF 2.00%