Vanguard Short-Term Bond ETF 529

Contributions to this Individual Fund Investment Option will be invested solely in the Vanguard Short-Term Bond ETF Fund. Before making contributions to this Investment Option, you should consider the more detailed information about the underlying fund in which it invests, including its investment objectives and policies, risks, and expenses, contained in the links below. The Fact Sheet and Prospectus below describe the Underlying Investment and not the NEST 529 Investment Option. For information regarding the expenses of the NEST Advisor College Savings Plan, including any applicable up-front sales load, program management, state administrative, and annual servicing fee, please review the Program Disclosure Statement. Performance information for the Underlying Investment does not reflect the imposition of any up-front sales load, program management, state administrative, nor annual servicing fee NEST imposes. The information contained in the links below was obtained from the underlying fund companies and has not been independently verified by NEST. Participants in the NEST Advisor College Savings Plan do not own shares of the underlying mutual funds directly, but rather own shares of an Investment Option in NEST.