Moderate Age-Based (Index Strategy) 3 – 5

Domestic Equity

International Equity

Real Estate

Fixed Income

Money Market/Bank Account

Total Annual Asset-Based Fee* 0.115%

* Includes the program management fee and the estimated underlying fund expenses based on the most recent fund prospectuses dated prior to October 1, 2022.

Underlying Investment Funds

Vanguard Total Stock Market Index Fund
48%
Vanguard Total International Stock Index Fund
27%
Vanguard Total Bond Market Index Fund
12%
Vanguard Real Estate Index Fund
5%
Vanguard Short-Term Inflation-Protected Securities Index Fund
3%
Vanguard High-Yield Corporate Fund
3%
Vanguard Total International Bond Index Fund
1%
Vanguard Emerging Markets Government Bond Index Fund
1%

The Bright Start Direct-Sold College Savings Program is sponsored by the State of Illinois and administered by the Illinois State Treasurer, as Trustee. Union Bank & Trust Company serves as Program Manager. Balances in your Bright Start account are not guaranteed or insured by Bright Start, the State of Illinois, the Illinois State Treasurer, any other state or federal agency, Union Bank & Trust Company or any of its affiliates, the Federal Deposit Insurance Corporation (except as provided in the Program Disclosure Statement solely with respect to the FDIC-insured bank deposit Underlying Investment), or any other entity.

An investor should consider the investment objectives, risks, and charges and expenses before investing. This and other important information is contained in the Bright Start Direct-Sold College Savings Program Disclosure Statement which can be obtained at BrightStart.com and should be read carefully before investing. You can lose money by investing in a portfolio. Each of the portfolios involves investment risks, which are described in the Program Disclosure Statement.

Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s 529 plan.

NOT FDIC INSURED* | NO BANK GUARANTEE | MAY LOSE VALUE

*Except the Bank Savings Underlying Investment

Moderate Age-Based (Index Strategy) 3 – 5

Total Annual Asset-Based Fee* 0.115%

Underlying Investment Funds

Vanguard Total Stock Market Index Fund

Vanguard Total International Stock Index Fund

Vanguard Total Bond Market Index Fund

Vanguard Real Estate Index Fund

Vanguard Short-Term Inflation-Protected Securities Index Fund

Vanguard High-Yield Corporate Fund

Vanguard Total International Bond Index Fund

Vanguard Emerging Markets Government Bond Index Fund