T. Rowe Price Large-Cap Growth 529 Portfolio

Contributions to this Individual Fund Portfolio are invested solely in a separately managed account which follows the T. Rowe Price Large-Cap Growth Strategy. Before making contributions to this Individual Fund Portfolio, you should consider the more detailed information about the T. Rowe Price Large-Cap Growth Strategy, including its investment objectives and policies, risks, and expenses. The Fact Sheet and Prospectus below describe the T. Rowe Price Instl. Large-Cap Growth Fund and not the T. Rowe Price Large-Cap Growth Strategy. Although the T. Rowe Price Large-Cap Growth Strategy and the T. Rowe Price Large-Cap Growth Fund are not identical, they are similar in nature and investment approach. For information regarding the expenses of the Bright Start Direct-Sold College Savings Plan, including the program management fee, please review the Program Disclosure Statement. Performance information for the Underlying Investment does not reflect the imposition of the program management fee Bright Start imposes. Participants in the Bright Start Direct-Sold College Savings Plan do not own shares of the underlying mutual funds or separately managed accounts directly, but rather own shares of a portfolio in Bright Start.

Total Annual Asset-Based Fee*

0.43%

*Includes the program management fee and the estimated underlying fund expenses based on the most recent fund prospectuses dated prior to September 29, 2023.