Performance numbers do not include the annual maintenance fees. The annual maintenance fee is waived for account values of $25,000 or more, if enrolled in an Automatic Investment Program or for West Virginia residents.

The performance percentages shown are net to the investor and represent the performance after the subtraction of all annual asset-based fees and expenses (the “Total Annual Asset-Based Fees”). Investments in SMART529 Select are subject to various fees, which will then reduce the value of your account as they are incurred. Please see the Offering Statement for specific details.

¹Inception Date is the date on which the portfolio commenced operations.

Effective October 18. 2019. SMART529 Select expanded the number of age-bands from seven to nine age-bands. The following age-bands continued the performance history of the prior wider age-bands as follows: (1)Age-Based Portfolio 7-8 continued the performance of Age-Based Portfolio 7-9. (2) Age-Based Portfolio 9-10 continued the performance of Age-Based Portfolio 10-12. (3) Age-Based Portfolio 13-14 continued the performance of Age-Based Portfolio 13-15. (4) Age-Based Portfolio 15-16 continued the performance of Age-Based Portfolio 16-18. There was no change in the Age-Based Portfolio 0-3, Age-Based Portfolio 4-6 and Age-Based Portfolio 19+, other than the underlying fund allocations. Age-Based Portfolio 11-12 and Age-Based Portfolio 17-18 began their performance track record on October 18. 2019. Performance information through October 18. 2019 represents (1) the prior age-bands and prior underlying fund allocations and (2) the prior underlying fund allocations for the Static Portfolios. Past performance does not guarantee future results.

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