Moderate Age-Based (Multi-Firm Strategy) 19 plus

Domestic Equity

International Equity

Real Estate

Fixed Income

Money Market

Total Annual Asset-Based Fee* 0.32%

* Includes the program management fee, state fee, and the estimated underlying fund expenses based on the most recent fund prospectuses dated prior to June 19, 2017.

Underlying Investment Funds

Vanguard Federal Money Market Fund
23.0%
Baird Short-Term Bond Fund
22.0%
Vanguard Short-Term Inflation-Protected Securities Index Fund
14.0%
Vanguard Total Bond Market Index Fund
13.0%
Dodge & Cox Income Fund Fund
12.0%
Dreyfus/Standish Global Fixed Income Fund
3.0%
BlackRock High Yield Bond Portfolio
2.0%
Vanguard Institutional Index Fund
2.0%
T. Rowe Price Large-Cap Strategy
2.0%
DFA U.S. Large Cap Value Portfolio
2.0%
Vanguard Total International Stock Index Fund
2.0%
Nuveen Symphony Floating Rate Income Fund Fund
1.0%
DWS RREEF Global Real Estate Securities Fund
1.0%
DFA U.S. Targeted Value Portfolio
1.0%

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. Investments in the Bright Start Direct-Sold College Savings Program are not guaranteed or insured by the State of Illinois, the Illinois State Treasurer, Union Bank & Trust Company, the Federal Deposit Insurance Corporation, 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

Moderate Age-Based (Multi-Firm Strategy) 19 plus

Total Annual Asset-Based Fee* 0.32%

Underlying Investment Funds

Vanguard Federal Money Market Fund

Baird Short-Term Bond Fund

Vanguard Short-Term Inflation-Protected Securities Index Fund

Vanguard Total Bond Market Index Fund

Dodge & Cox Income Fund Fund

Dreyfus/Standish Global Fixed Income Fund

BlackRock High Yield Bond Portfolio

Vanguard Institutional Index Fund

T. Rowe Price Large-Cap Strategy

DFA U.S. Large Cap Value Portfolio

Vanguard Total International Stock Index Fund

Nuveen Symphony Floating Rate Income Fund Fund

DWS RREEF Global Real Estate Securities Fund

DFA U.S. Targeted Value Portfolio