Supplement dated June 29, 2018 to CollegeAccess 529 Plan Disclosure Statement and Participation Agreement for Investors Using a Financial Advisor (Classes A, C, SD-A and SD-C) Dated July 11, 2016 Effective as of June 29, 2018 this Supplement amends the CollegeAccess 529 Plan Disclosure Statement and Participation Agreement dated July 11, 2016, as amended by supplements dated March 29, 2018, December 29, 2017, October 24, 2017, August 31, 2017 and September 30, 2016 (the Plan Disclosure Statement ). You should read this Supplement in conjunction with the Plan Disclosure Statement and retain it for future reference. Capitalized terms used but not defined in this Supplement have the meanings given to them in the Plan Disclosure Statement. Class C to Class A and Class SD-C to Class SD-A Conversion Policy Effective on or about September 30, 2018 (the Class C Conversion Date ), all Class C and Class SD-C units of the CollegeAccess 529 Plan portfolios that were purchased seven years or more prior to the Class C Conversion Date will automatically convert to their respective Class A or Class SD-A units of the same portfolio. After the Class C Conversion Date, all Class C or Class SD-C units of a Portfolio held in the Plan will automatically convert to their respective Class A or Class SD-A units of the same portfolio on or about the first business day of the month following the seven-year anniversary of purchase. Although the timing of this conversion may differ from the timing stated above, it is expected to occur during the month following the seven-year anniversary of purchase. Such conversions will be effected on the basis of the relative net asset values of the Class C, Class SD-C, Class A and Class SD-A units involved in the conversion. This conversion of Class C and Class SD-C units will not impact your account value. Since the operating expense ratios differ for each specific unit class, each unit class will have a different net asset value ( NAV ). Therefore the number of units in your account will be adjusted accordingly as a result of the conversion to ensure that your account value is not impacted. You will notice a difference in the number of units held when your units convert from Class C or Class SD-C to Class A or Class SD-A respectively. Your account value will not be impacted by this conversion. Clients with an Auto-Invest established on Class C or Class SD-C units will continue to have their purchases occur into their existing portfolio and respective unit class. Account owners are not required to take any action with respect to this change. This change will not count towards the twice per calendar year allowed changes and it will not result in any tax implications. CAPDN-SUPP-062918 00212631
Additional Changes to the CollegeAccess 529 Plan Effective, September 1, 2018, the regular mail and overnight mail addresses for the CollegeAccess 529 Plan will be updated. Beginning on this date, please use the following addresses for all future correspondence. via regular mail: via overnight mail: CollegeAccess 529 CollegeAccess 529 PO Box 219337 430 w 7 th Street STE 219337 Kansas City, MO 64121-9337 Kansas City, MO 64105-1407 2 CAPDN-SUPP-062918 00212631
Supplement dated March 29, 2018 to CollegeAccess 529 Plan Disclosure Statement and Participation Agreement for Investors Using a Financial Advisor (Classes A, B, C, SD-A and SD-C) Dated July 11, 2016 Effective as of March 29, 2018 this Supplement amends the CollegeAccess 529 Plan Disclosure Statement and Participation Agreement dated July 11, 2016, as amended by supplements dated December 29, 2017, October 24, 2017, August 31, 2017 and September 30, 2016 (the Plan Disclosure Statement ). You should read this Supplement in conjunction with the Plan Disclosure Statement and retain it for future reference. Capitalized terms used but not defined in this Supplement have the meanings given to them in the Plan Disclosure Statement. On December 22, 2017, H.R. 1, the Tax Cuts and Job Acts bill was signed into law. This Act includes a number of key education provisions that impact the CollegeAccess 529 Plan: Changes to Qualified Higher Education Expenses Effective for distributions made after December 31, 2017, the definition of Qualified Higher Education Expenses has expanded to include tuition expenses used for elementary or secondary public, private or religious school (kindergarten through 12th grade) to a maximum of $10,000 per year per Beneficiary from all Section 529 qualified tuition plans. Changes to Rollover Distributions 529 account owners can roll over 529 Plan assets to Achieving a Better Life Experience (ABLE) accounts. ABLE accounts are tax-advantaged savings accounts for individuals with disabilities and their families. This change is currently effective as of December 22, 2017 through December 31, 2025. Rollovers from a 529 college savings account to an ABLE account are subject to the ABLE account s annual contribution limit as limited by Section 529A of the Internal Revenue Code or the state sponsor of the ABLE account. Annual Exclusion and Lifetime Exemption Increases For the 2018 calendar year, the annual exclusion amount has increased from $14,000 to $15,000 per individual and increased from $28,000 to $30,000 for a married couple electing to split gifts for gift tax purposes or making a gift of community property. If an individual s contribution to an Account for a beneficiary in a single year is greater than $15,000 ($30,000 married filing jointly), the individual may treat the contribution, up to $75,000 ($150,000 married filing jointly), under a special gift tax election, as having been made ratably over a five-year period. In addition, under current law of 2018, each contributor generally has a $11,180,000 lifetime exemption that may be applied to gifts in excess of the $15,000 annual exclusion amount referenced above. The lifetime exemption was previously $5,450,000 and $5,490,000 in 2016 and 2017 respectively.
All references in the Plan Disclosure Statement to the annual exclusion amount should be amended and replaced with $15,000 (or $30,000 for a married couple electing to split gifts for gift tax purposes or making a gift of community property.) All references in the Plan Disclosure statement to the lifetime exemption amount should be amended and replaced with $11,180,000. The paragraph of the Disclosure Statement on page 8 entitled What are the gift tax advantages of an account? is deleted and replaced with the following: What are the gift tax advantages of an account? Contributions to an Account are treated as a completed gift to the Designated Beneficiary under federal gift and estate tax law. Normally, a gift of more than $15,000 to a single person in one year is subject to federal gift tax. With the Program, an individual can potentially contribute up to $75,000 (and married couples electing to split gifts can potentially contribute up to a total of $150,000) to an Account for a particular Designated Beneficiary in one year without triggering the tax. To do this the contributor must elect to treat the entire gift as a series of five equal annual gifts. The five-year prorating is elected by filing a gift tax return for the year in which the gift is made. See TAX INFORMATION. You should consult with a tax advisor regarding the gift and estate tax consequences of contributing to (or making any other transaction with respect to) an Account. The second paragraph of the Disclosure Statement on page 40 entitled Federal Gift, Estate and Generation-Skipping Transfer Taxes is deleted and replaced with the following: If a contributor s contributions to Accounts for a Designated Beneficiary in a single year exceed the annual exclusion amount of $15,000 (or $30,000 for a married couple electing to split gifts for gift tax purposes or making a gift of community property), the contributor may elect to treat up to $75,000 of the contribution (or $150,000 for a married couple electing to split gifts for gift tax purposes or making a gift of community property) as having been made ratably over a five-year period. Such an election must be made by filing a federal gift tax return. In connection with the changes discussed above, the following updates are being made to the CollegeAccess 529 Plan Disclosure Document. All references in the Plan Disclosure Statement to Eligible Educational Institution are deleted and replaced with Eligible Higher Educational Institution. All references to Qualified Higher Education Expenses or qualified higher education expenses are deleted and replaced with Qualified Education Expenses or qualified education expenses, respectively.
The section of the Disclosure Statement on page 39 entitled Qualified Higher Education Expenses is deleted in its entirety and hereby replaced with the following: Qualified Education Expenses. Pursuant to Section 529 and the proposed regulations thereunder, qualified education expenses are defined to include tuition, fees, and the costs of books, supplies and equipment required for the enrollment or attendance of a Designated Beneficiary at an eligible higher educational institution, as well as computer or peripheral equipment, computer software, and Internet access and related services if such equipment, software, or services are used primarily by the Designated Beneficiary during any of the years enrolled at an eligible higher educational institution. Eligible higher educational institutions are generally defined under Section 529 as accredited postsecondary educational institutions offering credit toward a bachelor s degree, an associate s degree, a graduate level or professional degree, or another recognized post-secondary credential. Certain proprietary institutions and post-secondary vocational institutions and certain institutions located in foreign countries are also eligible higher educational institutions. To be an eligible higher educational institution, the institution must be eligible to participate in U.S. Department of Education student aid programs. Some room and board costs of a Designated Beneficiary incurred during an academic period while enrolled or accepted for enrollment in a degree, certificate or other program (including a program of study abroad approved for credit by the eligible higher educational institution) at an eligible higher educational institution at least half-time may also be considered qualified education expenses. A student will be considered to be enrolled at least half-time if the student is enrolled for at least half the full-time academic work-load for the course of study the student is pursuing as determined under the standards of the institution where the student is enrolled. The institution s standard for a full-time workload must equal or exceed a standard established by the U.S. Department of Education under the Higher Education Act of 1965, as amended. (The Designated Beneficiary need not be enrolled at least half-time for a qualified distribution to pay for expenses relating to tuition, fees, books, supplies, computer equipment and required equipment to be a Qualified Distribution.) Room and board expenses are limited to the current allowance for room and board determined by the eligible higher educational institution for federal financial aid purposes, or the actual invoice amount charged to the Designated Beneficiary by the institution, if greater. In addition, qualified education expenses also include expenses of a special needs beneficiary that are necessary in connection with his or her enrollment or attendance at an eligible higher educational institution. However, qualified education expenses are reduced to the extent that any such expenses are taken into account in claiming an Education Tax Credit. In addition, effective for distributions made after December 31, 2017, tuition expenses incurred by a Designated Beneficiary attending an elementary or secondary public, private or religious school (kindergarten through 12th grade) are considered qualified education expenses up to a maximum of $10,000 per year per beneficiary from all Section 529 qualified tuition plans, as long as the expenses are incurred during the taxable year.
Additional Changes to the CollegeAccess 529 Plan In conjunction with the changes discussed above, the following is added to the end of the section titled Transferring Funds to and from other qualified tuition plans (rollover), which starts on page 14. The section is also renamed Transferring Funds to and from other qualified tuition and ABLE plans (rollover). For distributions made after December 22, 2017 and before the year 2026, individuals may roll over funds from a CollegeAccess 529 Account to an ABLE account for the same Beneficiary or a Member of the family of the Beneficiary. An ABLE account is a tax-advantaged savings program for eligible individuals with disabilities, authorized by the Stephen Beck, Jr. The Achieving a Better Life Experience (ABLE) Act, was signed into law in 2014. The paragraph of the Disclosure Statement on page 38 entitled Characterization of Distribution is deleted and replaced with the following: Characterization of Distribution. A distribution from an Account is a Qualified Distribution to the extent that it is used to pay the qualified education expenses of the Designated Beneficiary of the Account. Any other distribution is a Non-Qualified Distribution, except to the extent that it is (i) made to a beneficiary of (or the estate of) the Designated Beneficiary on or after the death of the Designated Beneficiary, (ii) attributable to the disability of the Designated Beneficiary, (iii) made on account of the Designated Beneficiary s receipt of a qualified scholarship (which may include certain tax-exempt allowances and similar payments) equal to or exceeding the amount of the distribution, (iv) made on account of the Designated Beneficiary s attendance at a U.S. military academy, to the extent that the costs of advanced education attributable to such attendance are equal to or exceed the amount of the distribution or (v) a rollover to another Qualified Tuition Program or ABLE Program as described above. Additional Changes to the CollegeAccess 529 Plan The table of Individual Underlying Fund Total Annual Fund Operating Expenses on page 29 of the Plan Disclosure Statement is amended and replaced by the following: Underlying Fund Name Ticker Symbol Class AllianzGI Best Styles Global Equity Fund AGERX R6 0.40% AllianzGI Best Styles International Equity Fund ASESX R6 0.45% AllianzGI Focused Growth Fund AFGFX R6 0.61% AllianzGI Global Allocation Fund AGASX R6 0.71% AllianzGI NFJ Dividend Value Fund ANDVX R6 0.54% AllianzGI NFJ Small-Cap Value Fund ANFVX R6 0.79% AllianzGI Short Duration High Income Fund ASHSX R6 0.56% DFA Commodity Strategy Portfolio DCMSX Institutional 0.33% Dodge & Cox International Stock Fund DODFX Institutional 0.64% Dreyfus/The Boston Company Small/Mid-Cap Growth SDSCX Institutional 0.75% Metropolitan West Total Return Bond Fund MWTSX P 0.38% Morgan Stanley Instl. Emerging Markets Portfolio MGEMX Institutional 1.03% PIMCO All Asset Fund PAAIX Institutional 0.93% PIMCO Income Fund PIMIX Institutional 0.53% PIMCO Real Return Fund PRRIX Institutional 0.64% Total Annual Fund Operating Expenses 1
PIMCO Short Asset Investment Fund PAIDX Institutional 0.29% PIMCO Short Term Fund PTSHX Institutional 0.53% PIMCO StocksPLUS Absolute Return Fund PSPTX Institutional 0.68% TIAA-CREF S&P 500 Index Fund TISPX Institutional 0.05% Voya Global Real Estate IGLIX Institutional 1.01% Expense figures are as of February 1, 2018 1. The total annual operating expenses of the Underlying Funds were calculated based on the fiscal year information reported in the most recent Prospectus of each Underlying Fund available prior to the date of this Plan Disclosure Statement. Certain fees or commissions, including Rule 12b-1 fees, that the Program Manager receives in connection with purchases by the Investment Portfolios of shares of Underlying Funds that are not sponsored by the Program Manager or its affiliates, will be remitted by the Program Manager pro-rata to the Investment Portfolios that purchased shares of the Underlying Funds which generated such fees or commissions. For Investment Portfolios invested in multiple Underlying Funds, such estimated expense is a weighted average of the Underlying Funds expense ratios, in accordance with such Portfolio s allocation among such funds. The expense ratios of the Underlying Funds take into account any applicable expense limitations and waivers or reimbursements of expenses by the Underlying Fund s service providers, which may be changed or eliminated after the date of the information used to calculate the expenses described in this Program Description. Investment Portfolio Expenses The following replaces the Investment Portfolio Expenses tables on pages 30-32 of the Plan Disclosure Statement: CLASS A UNITS Investment Portfolio Estimated Underlying Fund Expenses 1 Program Management Fee 2 Servicing and Admin. Fee Distribution Fee Total Annual Assetbased Fee Maximum Initial Sales Charge 3 Age-Based 1 (Ages 0 8) 0.51% 0.25% 0.35% 0.00% 1.11% 5.50% $20 Age-Based 2 (Ages 9-10) 0.54% 0.25% 0.35% 0.00% 1.14% 5.50% $20 Age-Based 3 (Age 11) 0.54% 0.25% 0.35% 0.00% 1.14% 5.50% $20 Age-Based 4 (Age 12) 0.53% 0.25% 0.35% 0.00% 1.13% 5.50% $20 Age-Based 5 (Age 13) 0.52% 0.25% 0.35% 0.00% 1.12% 3.75% $20 Age-Based 6 (Age 14) 0.52% 0.25% 0.35% 0.00% 1.12% 3.75% $20 Age-Based 7 (Age 15) 0.52% 0.25% 0.35% 0.00% 1.12% 3.75% $20 Age-Based 8 (Age 16) 0.50% 0.25% 0.35% 0.00% 1.10% 3.75% $20 Age-Based 9 (Ages 17 and Over) 0.46% 0.25% 0.35% 0.00% 1.06% 3.75% $20 Diversified Equity 0.43% 0.25% 0.35% 0.00% 1.03% 5.50% $20 Diversified Bond 0.46% 0.25% 0.35% 0.00% 1.06% 3.75% $20 Ultrashort Bond 0.41% 0.25% 0.10% 0.00% 0.76% 0.00% $20 AllianzGI Best Styles International Equity 0.45% 0.25% 0.35% 0.00% 1.05% 5.50% $20 AllianzGI Focused Growth 0.61% 0.25% 0.35% 0.00% 1.21% 5.50% $20 AllianzGI Global Allocation 0.71% 0.25% 0.35% 0.00% 1.31% 5.50% $20 AllianzGI NFJ Dividend Value 0.54% 0.25% 0.35% 0.00% 1.14% 5.50% $20 AllianzGI NFJ Small-Cap Value 0.79% 0.25% 0.35% 0.00% 1.39% 5.50% $20 Dodge and Cox International Stock 0.64% 0.25% 0.35% 0.00% 1.24% 5.50% $20 Metropolitan West Total Return Bond 0.38% 0.25% 0.35% 0.00% 0.98% 3.75% $20 PIMCO All Asset 0.93% 0.25% 0.35% 0.00% 1.53% 3.75% $20 PIMCO Income 0.53% 0.25% 0.35% 0.00% 1.13% 3.75% $20 PIMCO Real Return 0.64% 0.25% 0.35% 0.00% 1.24% 3.75% $20 PIMCO Short Asset Investment 0.29% 0.25% 0.10% 0.00% 0.64% 0.00% $20 PIMCO StocksPLUS Absolute Return 0.68% 0.25% 0.35% 0.00% 1.28% 3.75% $20 Annual Maint. Fee 4
CLASS C UNITS Investment Portfolio Estimated Underlying Fund Expenses 1 Program Mgmt. Fee 2 Servicing and Admin. Fee Distribution Fee Total Annual Assetbased Fee Max. Deferred Sales Charge Class C Units 3 Age-Based 1 (Ages 0 8) 0.51% 0.25% 0.35% 0.75% 1.86% 1.00% $20 Age-Based 2 (Ages 9-10) 0.54% 0.25% 0.35% 0.75% 1.89% 1.00% $20 Age-Based 3 (Age 11) 0.54% 0.25% 0.35% 0.75% 1.89% 1.00% $20 Age-Based 4 (Age 12) 0.53% 0.25% 0.35% 0.75% 1.88% 1.00% $20 Age-Based 5 (Age 13) 0.52% 0.25% 0.35% 0.75% 1.87% 1.00% $20 Age-Based 6 (Age 14) 0.52% 0.25% 0.35% 0.75% 1.87% 1.00% $20 Age-Based 7 (Age 15) 0.52% 0.25% 0.35% 0.75% 1.87% 1.00% $20 Age-Based 8 (Age 16) 0.50% 0.25% 0.35% 0.75% 1.85% 1.00% $20 Age-Based 9 (Ages 17 and Over) 0.46% 0.25% 0.35% 0.75% 1.81% 1.00% $20 Diversified Equity 0.43% 0.25% 0.35% 0.75% 1.78% 1.00% $20 Diversified Bond 0.46% 0.25% 0.35% 0.75% 1.81% 1.00% $20 Ultrashort Bond 0.41% 0.25% 0.10% 0.00% 0.76% 0.00% $20 AllianzGI Best Styles International Equity 0.45% 0.25% 0.35% 0.75% 1.80% 1.00% $20 AllianzGI Focused Growth 0.61% 0.25% 0.35% 0.75% 1.96% 1.00% $20 AllianzGI Global Allocation 0.71% 0.25% 0.35% 0.75% 2.06% 1.00% $20 AllianzGI NFJ Dividend Value 0.54% 0.25% 0.35% 0.75% 1.89% 1.00% $20 AllianzGI NFJ Small-Cap Value 0.79% 0.25% 0.35% 0.75% 2.14% 1.00% $20 Dodge and Cox International Stock 0.64% 0.25% 0.35% 0.75% 1.99% 1.00% $20 Metropolitan West Total Return Bond 0.38% 0.25% 0.35% 0.75% 1.73% 1.00% $20 PIMCO All Asset 0.93% 0.25% 0.35% 0.75% 2.28% 1.00% $20 PIMCO Income 0.53% 0.25% 0.35% 0.75% 1.88% 1.00% $20 PIMCO Real Return 0.64% 0.25% 0.35% 0.75% 1.99% 1.00% $20 PIMCO Short Asset Investment 0.29% 0.25% 0.10% 0.00% 0.64% 0.00% $20 PIMCO StocksPLUS Absolute Return 0.68% 0.25% 0.35% 0.75% 2.03% 1.00% $20 Annual Maint. Fee 4 CLASS SD-A UNITS Investment Portfolio Estimated Underlying Fund Expenses 1 Program Management Fee 2 Servicing and Admin. Fee Distribution Fee Total Annual Assetbased Fee Maximum Initial Sales Charge 3 Age-Based 1 (Ages 0 8) 0.51% 0.00% 0.35% 0.00% 0.86% 5.50% $0 Age-Based 2 (Ages 9-10) 0.54% 0.00% 0.35% 0.00% 0.89% 5.50% $0 Age-Based 3 (Age 11) 0.54% 0.00% 0.35% 0.00% 0.89% 5.50% $0 Age-Based 4 (Age 12) 0.53% 0.00% 0.35% 0.00% 0.88% 5.50% $0 Age-Based 5 (Age 13) 0.52% 0.00% 0.35% 0.00% 0.87% 3.75% $0 Age-Based 6 (Age 14) 0.52% 0.00% 0.35% 0.00% 0.87% 3.75% $0 Age-Based 7 (Age 15) 0.52% 0.00% 0.35% 0.00% 0.87% 3.75% $0 Age-Based 8 (Age 16) 0.50% 0.00% 0.35% 0.00% 0.85% 3.75% $0 Age-Based 9 (Ages 17 and Over) 0.46% 0.00% 0.35% 0.00% 0.81% 3.75% $0 Diversified Equity 0.43% 0.00% 0.35% 0.00% 0.78% 5.50% $0 Diversified Bond 0.46% 0.00% 0.35% 0.00% 0.81% 3.75% $0 Ultrashort Bond 0.41% 0.00% 0.10% 0.00% 0.51% 0.00% $0 AllianzGI Best Styles International Equity 0.45% 0.00% 0.35% 0.00% 0.80% 5.50% $0 Annual Maint. Fee 4
AllianzGI Focused Growth 0.61% 0.00% 0.35% 0.00% 0.96% 5.50% $0 AllianzGI Global Allocation 0.71% 0.00% 0.35% 0.00% 1.06% 5.50% $0 AllianzGI NFJ Dividend Value 0.54% 0.00% 0.35% 0.00% 0.89% 5.50% $0 AllianzGI NFJ Small-Cap Value 0.79% 0.00% 0.35% 0.00% 1.14% 5.50% $0 Dodge and Cox International Stock 0.64% 0.00% 0.35% 0.00% 0.99% 5.50% $0 Metropolitan West Total Return Bond 0.38% 0.00% 0.35% 0.00% 0.73% 3.75% $0 PIMCO All Asset 0.93% 0.00% 0.35% 0.00% 1.28% 3.75% $0 PIMCO Income 0.53% 0.00% 0.35% 0.00% 0.88% 3.75% $0 PIMCO Real Return 0.64% 0.00% 0.35% 0.00% 0.99% 3.75% $0 PIMCO Short Asset Investment 0.29% 0.00% 0.10% 0.00% 0.39% 0.00% $0 PIMCO StocksPLUS Absolute Return 0.68% 0.00% 0.35% 0.00% 1.03% 3.75% $0 CLASS SD-C UNITS Investment Portfolio Estimated Underlying Fund Expenses 1 Program Mgmt. Fee 2 Servicing and Admin. Fee Distribution Fee Total Annual Assetbased Fee Max. Deferred Sales Charge Class C Units 3 Age-Based 1 (Ages 0 8) 0.51% 0.00% 0.35% 0.65% 1.51% 1.00% $0 Age-Based 2 (Ages 9-10) 0.54% 0.00% 0.35% 0.65% 1.54% 1.00% $0 Age-Based 3 (Age 11) 0.54% 0.00% 0.35% 0.65% 1.54% 1.00% $0 Age-Based 4 (Age 12) 0.53% 0.00% 0.35% 0.65% 1.53% 1.00% $0 Age-Based 5 (Age 13) 0.52% 0.00% 0.35% 0.65% 1.52% 1.00% $0 Age-Based 6 (Age 14) 0.52% 0.00% 0.35% 0.65% 1.52% 1.00% $0 Age-Based 7 (Age 15) 0.52% 0.00% 0.35% 0.65% 1.52% 1.00% $0 Age-Based 8 (Age 16) 0.50% 0.00% 0.35% 0.65% 1.50% 1.00% $0 Age-Based 9 (Ages 17 and Over) 0.46% 0.00% 0.35% 0.65% 1.46% 1.00% $0 Diversified Equity 0.43% 0.00% 0.35% 0.65% 1.43% 1.00% $0 Diversified Bond 0.46% 0.00% 0.35% 0.65% 1.46% 1.00% $0 Ultrashort Bond 0.41% 0.00% 0.10% 0.00% 0.51% 0.00% $0 AllianzGI Best Styles International Equity 0.45% 0.00% 0.35% 0.65% 1.45% 1.00% $0 AllianzGI Focused Growth 0.61% 0.00% 0.35% 0.65% 1.61% 1.00% $0 AllianzGI Global Allocation 0.71% 0.00% 0.35% 0.65% 1.71% 1.00% $0 AllianzGI NFJ Dividend Value 0.54% 0.00% 0.35% 0.65% 1.54% 1.00% $0 AllianzGI NFJ Small-Cap Value 0.79% 0.00% 0.35% 0.65% 1.79% 1.00% $0 Dodge and Cox International Stock 0.64% 0.00% 0.35% 0.65% 1.64% 1.00% $0 Metropolitan West Total Return Bond 0.38% 0.00% 0.35% 0.65% 1.38% 1.00% $0 PIMCO All Asset 0.93% 0.00% 0.35% 0.65% 1.93% 1.00% $0 PIMCO Income 0.53% 0.00% 0.35% 0.65% 1.53% 1.00% $0 PIMCO Real Return 0.64% 0.00% 0.35% 0.65% 1.64% 1.00% $0 PIMCO Short Asset Investment 0.29% 0.00% 0.10% 0.00% 0.39% 0.00% $0 PIMCO StocksPLUS Absolute Return 0.68% 0.00% 0.35% 0.65% 1.68% 1.00% $0 Annual Maint. Fee 4 1. The total annual operating expenses of the Underlying Funds were calculated based on the fiscal year information reported in the most recent Prospectus of each Underlying Fund available prior to the date of this Plan Disclosure Statement. Certain fees or commissions, including Rule 12b-1 fees, that the Program Manager receives in connection with purchases by the Investment Portfolios of shares of Underlying Funds that are not sponsored by the Program Manager or its affiliates, will be remitted by the Program Manager pro-rata to the Investment Portfolios that purchased shares of the Underlying Funds which generated such fees or commissions. For Investment Portfolios invested in multiple Underlying Funds, such estimated expense is a weighted average of the Underlying Funds expense ratios, in accordance with such Portfolio s allocation among such funds. The expense ratios of the Underlying Funds take into account any applicable expense limitations and waivers or reimbursements of expenses by the Underlying Fund s service providers, which may be changed or eliminated after the date of the information used to calculate the expenses described in this Program Description.
2. The Program Management Fee for SD-A and SD-C Units is waived. (Applies only to Accounts in which the Account Owner or Designated Beneficiary is a resident of South Dakota.) 3. See FEES PAYABLE BY ACCOUNT OWNERS, to determine whether a reduced sales charge would be applied to your contribution, or for details regarding circumstances under which a sales charge may be waived. 4. The Annual Maintenance Fee is waived for Accounts in which the Account Owner or Designated Beneficiary is a resident of South Dakota, and under other circumstances. See FEES PAYABLE BY ACCOUNT OWNERS, for more details. 5. The Distribution Fee for Class SD-C Units is 0.65%. (Applies only to Accounts in which the Account Owner or Designated Beneficiary is a resident of South Dakota.) Expense Examples The following replaces the corresponding tables of expense examples on page 33-35 of the Plan Disclosure Statement: CLASS A Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 1 (Ages 0 8) $657 $883 $1,128 $1,827 $657 $883 $1,128 $1,827 Age-Based 2 (Ages 9-10) $660 $892 $1,143 $1,860 $660 $892 $1,143 $1,860 Age-Based 3 (Age 11) $660 $892 $1,143 $1,860 $660 $892 $1,143 $1,860 Age-Based 4 (Age 12) $659 $889 $1,138 $1,849 $659 $889 $1,138 $1,849 Age-Based 5 (Age 13) $485 $718 $969 $1,687 $485 $718 $969 $1,687 Age-Based 6 (Age 14) $485 $718 $969 $1,687 $485 $718 $969 $1,687 Age-Based 7 (Age 15) $485 $718 $969 $1,687 $485 $718 $969 $1,687 Age-Based 8 (Age 16) $483 $712 $958 $1,665 $483 $712 $958 $1,665 Age-Based 9 (Ages 17 and Over) $479 $700 $938 $1,621 $479 $700 $938 $1,621 Diversified Equity $649 $860 $1,087 $1,740 $649 $860 $1,087 $1,740 Diversified Bond $479 $700 $938 $1,621 $479 $700 $938 $1,621 Ultrashort Bond $78 $243 $422 $942 $78 $243 $422 $942 AllianzGI Best Styles International Equity $651 $866 $1,098 $1,762 $651 $866 $1,098 $1,762 AllianzGI Focused Growth $667 $913 $1,178 $1,935 $667 $913 $1,178 $1,935 AllianzGI Global Allocation $676 $942 $1,229 $2,042 $676 $942 $1,229 $2,042 AllianzGI NFJ Dividend Value $660 $892 $1,143 $1,860 $660 $892 $1,143 $1,860 AllianzGI NFJ Small-Cap Value $684 $966 $1,269 $2,127 $684 $966 $1,269 $2,127 Dodge and Cox International Stock $669 $922 $1,194 $1,967 $669 $922 $1,194 $1,967 Metropolitan West Total Return Bond $471 $675 $896 $1,531 $471 $675 $896 $1,531 PIMCO All Asset $525 $840 $1,178 $2,130 $525 $840 $1,178 $2,130 PIMCO Income $486 $721 $974 $1,698 $486 $721 $974 $1,698 PIMCO Real Return $497 $754 $1,030 $1,819 $497 $754 $1,030 $1,819 PIMCO Short Asset Investment $65 $205 $357 $798 $65 $205 $357 $798 PIMCO StocksPLUS Absolute Return $500 $766 $1,051 $1,862 $500 $766 $1,051 $1,862 CLASS C Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 1 (Ages 0 8) $289 $585 $1,006 $2,180 $189 $585 $1,006 $2,180 Age-Based 2 (Ages 9-10) $292 $594 $1,021 $2,212 $192 $594 $1,021 $2,212 Age-Based 3 (Age 11) $292 $594 $1,021 $2,212 $192 $594 $1,021 $2,212 Age-Based 4 (Age 12) $291 $591 $1,016 $2,201 $191 $591 $1,016 $2,201 Age-Based 5 (Age 13) $290 $588 $1,011 $2,190 $190 $588 $1,011 $2,190 Age-Based 6 (Age 14) $290 $588 $1,011 $2,190 $190 $588 $1,011 $2,190 Age-Based 7 (Age 15) $290 $588 $1,011 $2,190 $190 $588 $1,011 $2,190 Age-Based 8 (Age 16) $288 $582 $1,001 $2,169 $188 $582 $1,001 $2,169 Age-Based 9 (Ages 17 and Over) $284 $569 $980 $2,127 $184 $569 $980 $2,127
Diversified Equity $281 $560 $964 $2,095 $181 $560 $964 $2,095 Diversified Bond $284 $569 $980 $2,127 $184 $569 $980 $2,127 Ultrashort Bond $78 $243 $422 $942 $78 $243 $422 $942 AllianzGI Best Styles International Equity $283 $566 $975 $2,116 $183 $566 $975 $2,116 AllianzGI Focused Growth $299 $615 $1,057 $2,285 $199 $615 $1,057 $2,285 AllianzGI Global Allocation $309 $646 $1,108 $2,390 $209 $646 $1,108 $2,390 AllianzGI NFJ Dividend Value $292 $594 $1,021 $2,212 $192 $594 $1,021 $2,212 AllianzGI NFJ Small-Cap Value $317 $670 $1,149 $2,472 $217 $670 $1,149 $2,472 Dodge and Cox International Stock $302 $624 $1,073 $2,317 $202 $624 $1,073 $2,317 Metropolitan West Total Return Bond $276 $545 $939 $2,041 $176 $545 $939 $2,041 PIMCO All Asset $331 $712 $1,220 $2,615 $231 $712 $1,220 $2,615 PIMCO Income $291 $591 $1,016 $2,201 $191 $591 $1,016 $2,201 PIMCO Real Return $302 $624 $1,073 $2,317 $202 $624 $1,073 $2,317 PIMCO Short Asset Investment $65 $205 $357 $798 $65 $205 $357 $798 PIMCO StocksPLUS Absolute Return $306 $637 $1,093 $2,358 $206 $637 $1,093 $2,358 CLASS SD-A Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 1 (Ages 0 8) $633 $809 $1,001 $1,552 $633 $809 $1,001 $1,552 Age-Based 2 (Ages 9-10) $636 $818 $1,016 $1,586 $636 $818 $1,016 $1,586 Age-Based 3 (Age 11) $636 $818 $1,016 $1,586 $636 $818 $1,016 $1,586 Age-Based 4 (Age 12) $635 $815 $1,011 $1,575 $635 $815 $1,011 $1,575 Age-Based 5 (Age 13) $460 $642 $839 $1,407 $460 $642 $839 $1,407 Age-Based 6 (Age 14) $460 $642 $839 $1,407 $460 $642 $839 $1,407 Age-Based 7 (Age 15) $460 $642 $839 $1,407 $460 $642 $839 $1,407 Age-Based 8 (Age 16) $459 $636 $829 $1,385 $459 $636 $829 $1,385 Age-Based 9 (Ages 17 and Over) $455 $624 $808 $1,339 $455 $624 $808 $1,339 Diversified Equity $625 $785 $959 $1,463 $625 $785 $959 $1,463 Diversified Bond $455 $624 $808 $1,339 $455 $624 $808 $1,339 Ultrashort Bond $52 $164 $285 $640 $52 $164 $285 $640 AllianzGI Best Styles International Equity $627 $791 $970 $1,485 $627 $791 $970 $1,485 AllianzGI Focused Growth $643 $839 $1,052 $1,663 $643 $839 $1,052 $1,663 AllianzGI Global Allocation $652 $869 $1,103 $1,773 $652 $869 $1,103 $1,773 AllianzGI NFJ Dividend Value $636 $818 $1,016 $1,586 $636 $818 $1,016 $1,586 AllianzGI NFJ Small-Cap Value $660 $892 $1,143 $1,860 $660 $892 $1,143 $1,860 Dodge and Cox International Stock $645 $848 $1,067 $1,696 $645 $848 $1,067 $1,696 Metropolitan West Total Return Bond $447 $600 $766 $1,247 $447 $600 $766 $1,247 PIMCO All Asset $500 $766 $1,051 $1,862 $500 $766 $1,051 $1,862 PIMCO Income $461 $645 $844 $1,419 $461 $645 $844 $1,419 PIMCO Real Return $472 $678 $902 $1,543 $472 $678 $902 $1,543 PIMCO Short Asset Investment $40 $125 $219 $493 $40 $125 $219 $493 PIMCO StocksPLUS Absolute Return $476 $691 $922 $1,587 $476 $691 $922 $1,587 CLASS SD-C Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 1 (Ages 0 8) $254 $477 $824 $1,802 $154 $477 $824 $1,802 Age-Based 2 (Ages 9-10) $257 $486 $839 $1,834 $157 $486 $839 $1,834 Age-Based 3 (Age 11) $257 $486 $839 $1,834 $157 $486 $839 $1,834 Age-Based 4 (Age 12) $256 $483 $834 $1,824 $156 $483 $834 $1,824 Age-Based 5 (Age 13) $255 $480 $829 $1,813 $155 $480 $829 $1,813 Age-Based 6 (Age 14) $255 $480 $829 $1,813 $155 $480 $829 $1,813
Age-Based 7 (Age 15) $255 $480 $829 $1,813 $155 $480 $829 $1,813 Age-Based 8 (Age 16) $253 $474 $818 $1,791 $153 $474 $818 $1,791 Age-Based 9 (Ages 17 and Over) $249 $462 $797 $1,746 $149 $462 $797 $1,746 Diversified Equity $246 $452 $782 $1,713 $146 $452 $782 $1,713 Diversified Bond $249 $462 $797 $1,746 $149 $462 $797 $1,746 Ultrashort Bond $52 $164 $285 $640 $52 $164 $285 $640 AllianzGI Best Styles International Equity $248 $459 $792 $1,735 $148 $459 $792 $1,735 AllianzGI Focused Growth $264 $508 $876 $1,911 $164 $508 $876 $1,911 AllianzGI Global Allocation $274 $539 $928 $2,019 $174 $539 $928 $2,019 AllianzGI NFJ Dividend Value $257 $486 $839 $1,834 $157 $486 $839 $1,834 AllianzGI NFJ Small-Cap Value $282 $563 $970 $2,105 $182 $563 $970 $2,105 Dodge and Cox International Stock $267 $517 $892 $1,944 $167 $517 $892 $1,944 Metropolitan West Total Return Bond $240 $437 $755 $1,657 $140 $437 $755 $1,657 PIMCO All Asset $296 $606 $1,042 $2,254 $196 $606 $1,042 $2,254 PIMCO Income $256 $483 $834 $1,824 $156 $483 $834 $1,824 PIMCO Real Return $267 $517 $892 $1,944 $167 $517 $892 $1,944 PIMCO Short Asset Investment $40 $125 $219 $493 $40 $125 $219 $493 PIMCO StocksPLUS Absolute Return $271 $530 $913 $1,987 $171 $530 $913 $1,987
Supplement dated December 29, 2017 to CollegeAccess 529 Plan Disclosure Statement and Participation Agreement for Investors Using a Financial Advisor (Classes A, B, C, SD-A and SD-C) Dated July 11, 2016 Effective as of December 29, 2017 this Supplement amends the CollegeAccess 529 Plan Disclosure Statement and Participation Agreement dated July 11, 2016, as amended by supplements dated October 24, 2017, August 31, 2017 and September 30, 2016 (the Plan Disclosure Statement ). You should read this Supplement in conjunction with the Plan Disclosure Statement and retain it for future reference. Capitalized terms used but not defined in this Supplement have the meanings given to them in the Plan Disclosure Statement. Changes to the CollegeAccess 529 Plan The table of Individual Underlying Fund Total Annual Fund Operating Expenses on page 29 of the Plan Disclosure Statement is amended and replaced by the following: Total Annual Fund Underlying Fund Name Ticker Class Operating Expenses Symbol AllianzGI Best Styles Global Equity Fund AGERX R6 0.40% AllianzGI Best Styles International Equity Fund ASESX R6 0.45% AllianzGI Focused Growth Fund AFGFX R6 0.61% AllianzGI Global Allocation Fund AGASX R6 0.73% AllianzGI NFJ Dividend Value Fund ANDVX R6 0.54% AllianzGI NFJ Small-Cap Value Fund ANFVX R6 0.79% AllianzGI Short Duration High Income Fund ASHSX R6 0.57% DFA Commodity Strategy Portfolio DCMSX Institutional 0.33% Dodge & Cox International Stock Fund DODFX Institutional 0.64% Dreyfus/The Boston Company Small/Mid-Cap Growth SDSCX Institutional 0.79% Metropolitan West Total Return Bond Fund MWTSX P 0.38% Morgan Stanley Instl. Emerging Markets Portfolio MGEMX Institutional 1.03% PIMCO All Asset Fund PAAIX Institutional 0.93% PIMCO Income Fund PIMIX Institutional 0.53% PIMCO Real Return Fund PRRIX Institutional 0.64% PIMCO Short Asset Investment Fund PAIDX Institutional 0.29% PIMCO Short Term Fund PTSHX Institutional 0.53% PIMCO StocksPLUS Absolute Return Fund PSPTX Institutional 0.68% TIAA-CREF S&P 500 Index Fund TISPX Institutional 0.05% Voya Global Real Estate IGLIX Institutional 1.01% Expense figures are as of November 30, 2017. 1. The total annual operating expenses of the Underlying Funds were calculated based on the fiscal year information reported in the most recent Prospectus of each Underlying Fund available prior to the date of this Plan Disclosure Statement. Certain fees or commissions, including Rule 12b-1 fees, that the Program Manager receives in connection with purchases by the Investment Portfolios of shares of Underlying Funds that are not sponsored by the Program Manager or its affiliates, will be remitted by the Program Manager pro-rata to the Investment Portfolios that purchased shares of the Underlying Funds which generated such fees or commissions. For Investment Portfolios invested in multiple Underlying Funds, such estimated expense is a weighted average of the Underlying Funds expense ratios, in accordance with such Portfolio s allocation among such funds. The expense ratios of the Underlying Funds take into account any applicable expense limitations and waivers or reimbursements of expenses by the Underlying Fund s service providers, which may be changed or eliminated after the date of the information used to calculate the expenses described in this Program Description. 00208713 CAPDN-STKBKLT-032918
Investment Portfolio Expenses In connection with the changes to the target allocation tables disclosed below, effective on or about February 21, 2018, the tables of Investment Portfolio Expenses on pages 30-32 of the Plan Disclosure Statement are amended and replaced by the following: CLASS A UNITS Investment Portfolio Estimated Underlying Fund Expenses 1 Program Mgmt. Fee Servicing and Admin. Fee Distribution Fee Total Annual Assetbased Fee Maximu m Initial Sales Charge 3 Annual Maint. Fee 4 Age-Based 6 (Age 14) 0.52% 0.25% 0.35% 0.00% 1.12% 3.75% $20 Age-Based 9 (Ages 17 and Over) 0.46% 0.25% 0.35% 0.00% 1.06% 3.75% $20 Diversified Bond 0.46% 0.25% 0.35% 0.00% 1.06% 3.75% $20 CLASS C UNITS Max. Investment Portfolio Estimated Underlying Fund Expenses 1 Program Mgmt. Fee Servicing and Admin. Fee Distribution Fee Total Annual Assetbased Fee Deferred Sales Charge Class C Units 3 Annual Maint. Fee 4 Age-Based 6 (Age 14) 0.52% 0.25% 0.35% 0.75% 1.87% 1.00% $20 Age-Based 9 (Ages 17 and Over) 0.46% 0.25% 0.35% 0.75% 1.81% 1.00% $20 Diversified Bond 0.46% 0.25% 0.35% 0.75% 1.81% 1.00% $20 CLASS SD-A UNITS Investment Portfolio Estimated Underlying Fund Expenses 1 Program Mgmt. Fee 2 Servicing and Admin. Fee Distribution Fee Total Annual Assetbased Fee Maximu m Initial Sales Charge 3 Annual Maint. Fee 4 Age-Based 6 (Age 14) 0.52% 0.00% 0.35% 0.00% 0.87% 3.75% $20 Age-Based 9 (Ages 17 and Over) 0.46% 0.00% 0.35% 0.00% 0.81% 3.75% $20 Diversified Bond 0.46% 0.00% 0.35% 0.00% 0.81% 3.75% $20 CLASS SD-C UNITS Max. Investment Portfolio Estimated Underlying Fund Expenses 1 Program Mgmt. Fee 2 Servicing and Admin. Fee Distribution Fee 5 Total Annual Assetbased Fee Deferred Sales Charge Class C Units 3 Annual Maint. Fee 4 Age-Based 6 (Age 14) 0.52% 0.00% 0.35% 0.75% 1.62% 1.00% $20 Age-Based 9 (Ages 17 and Over) 0.46% 0.00% 0.35% 0.75% 1.56% 1.00% $20 Diversified Bond 0.46% 0.00% 0.35% 0.75% 1.56% 1.00% $20 1. The total annual operating expenses of the Underlying Funds were calculated based on the fiscal year information reported in the most recent Prospectus of each Underlying Fund available prior to the date of this Plan Disclosure Statement. Certain fees or commissions, including Rule 12b-1 fees, that the Program Manager receives in connection with purchases by the Investment Portfolios of shares of Underlying Funds that are not sponsored by the Program Manager or its affiliates, will be remitted by the Program Manager pro-rata to the Investment Portfolios that purchased shares of the Underlying Funds which generated such fees or commissions. For Investment Portfolios invested in multiple Underlying Funds, such estimated expense is a weighted average of the Underlying Funds expense ratios, in accordance with such Portfolio s allocation among such funds. The expense ratios of the Underlying Funds take into account any applicable expense limitations and waivers or reimbursements of expenses by the Underlying Fund s service providers, which may be changed or eliminated after the date of the information used to calculate the expenses described in 00208713 CAPDN-STKBKLT-032918
this Program Description. 2. The Program Management Fee for SD-A and SD-C Units is waived. (Applies only to Accounts in which the Account Owner or Designated Beneficiary is a resident of South Dakota.) 3. See FEES PAYABLE BY ACCOUNT OWNERS, to determine whether a reduced sales charge would be applied to your contribution, or for details regarding circumstances under which a sales charge may be waived. 4. The Annual Maintenance Fee is waived for Accounts in which the Account Owner or Designated Beneficiary is a resident of South Dakota, and under other circumstances. See FEES PAYABLE BY ACCOUNT OWNERS, for more details. 5. The Distribution Fee for Class SD-C Units is 0.65%. (Applies only to Accounts in which the Account Owner or Designated Beneficiary is a resident of South Dakota.) Expense Examples In connection with the changes to the target allocation tables disclosed below, effective on or about February 21, 2018, the tables of expense examples on page 33-35 of the Plan Disclosure Statement are amended and replaced by the following: CLASS A Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 6 (Age 14) $485 $718 $969 $1,687 $485 $718 $969 $1,687 Age-Based 9 (Ages 17 and Over) $479 $700 $938 $1,621 $479 $700 $938 $1,621 Diversified Bond $479 $700 $938 $1,621 $479 $700 $938 $1,621 CLASS C Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 6 (Age 14) $290 $588 $1,011 $2,190 $190 $588 $1,011 $2,190 Age-Based 9 (Ages 17 and Over) $284 $569 $980 $2,127 $184 $569 $980 $2,127 Diversified Bond $284 $569 $980 $2,127 $184 $569 $980 $2,127 CLASS SD-A Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 6 (Age 14) $460 $642 $839 $1,407 $460 $642 $839 $1,407 Age-Based 9 (Ages 17 and Over) $455 $624 $808 $1,339 $455 $624 $808 $1,339 Diversified Bond $455 $624 $808 $1,339 $455 $624 $808 $1,339 CLASS SD-C Example: Example: Investment Assuming you redeem your units at the end of: Assuming you do not redeem your units: Portfolio Year 1 Year 3 Year 5 Year 10 Year 1 Year 3 Year 5 Year 10 Age-Based 6 (Age 14) $265 $511 $881 $1,922 $165 $511 $881 $1,922 Age-Based 9 (Ages 17 and Over) $259 $493 $850 $1,856 $159 $493 $850 $1,856 Diversified Bond $259 $493 $850 $1,856 $159 $493 $850 $1,856 Target Allocations Effective on or about February 21, 2018, the tables of the target allocations of the portfolios on pages A-2 and A-3 of the Plan Disclosure Statement are amended and replaced by the following: 00208713 CAPDN-STKBKLT-032918
Underlying Fund Age-Based Investment Portfolios Age-Based 1 (Age 0-8) Age-Based 2 (Ages 9-10) Age-Based 3 (Age 11) Age-Based 4 (Age 12) Age-Based 5 (Age 13) AllianzGI Best Styles Global Equity Fund 30.0% 26.0% 21.0% 19.0% 15.0% AllianzGI Global Allocation Fund 26.0% 30.0% 30.0% 30.0% 30.0% AllianzGI Short Duration High Income Fund 0.0% 0.0% 0.0% 2.0% 2.0% DFA Commodity Strategy Fund 7.0% 6.0% 6.0% 5.0% 4.0% Dodge & Cox International Stock Fund 9.0% 7.0% 6.0% 4.0% 2.0% Dreyfus/The Boston Company Small/Mid- Cap Growth 2.0% 2.0% 1.0% 1.0% 0.0% Metropolitan West Total Return Bond Fund 0.0% 3.0% 6.0% 6.0% 8.0% Morgan Stanley Instl. Emerging Markets Portfolio 2.0% 1.0% 1.0% 0.0% 0.0% PIMCO Income Fund 0.0% 0.0% 5.0% 5.0% 5.0% PIMCO Real Return Fund 5.0% 10.0% 12.0% 12.0% 12.0% PIMCO Short Asset Investment Fund 0.0% 0.0% 0.0% 8.0% 16.0% PIMCO Short-Term Fund 0.0% 0.0% 0.0% 0.0% 0.0% TIAA-CREF S&P 500 Index Fund 14.0% 10.0% 8.0% 5.0% 3.0% Voya Global Real Estate 5.0% 5.0% 4.0% 3.0% 3.0% TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% Underlying Fund Age-Based Investment Portfolios (continued) Age-Based 6 (Age 14) Age-Based 7 (Age 15) Age-Based 8 (Age 16) AllianzGI Best Styles Global Equity Fund 7.0% 3.0% 0.0% 0.0% AllianzGI Global Allocation Fund 30.0% 29.0% 20.0% 12.0% AllianzGI Short Duration High Income Fund 3.0% 3.0% 4.0% 4.0% DFA Commodity Strategy Fund 3.0% 3.0% 2.0% 2.0% Dodge & Cox International Stock Fund 2.0% 0.0% 0.0% 0.0% Dreyfus/The Boston Company Small/Mid- Cap Growth 0.0% 0.0% 0.0% 0.0% Metropolitan West Total Return Bond Fund 8.0% 10.0% 14.0% 15.0% Morgan Stanley Instl. Emerging Markets Portfolio 0.0% 0.0% 0.0% 0.0% PIMCO Income Fund 5.0% 5.0% 5.0% 5.0% PIMCO Real Return Fund 12.0% 15.0% 15.0% 15.0% PIMCO Short Asset Investment Fund 25.0% 27.0% 30.0% 36.0% PIMCO Short-Term Fund 0.0% 3.0% 8.0% 10.0% TIAA-CREF S&P 500 Index Fund 2.0% 0.0% 0.0% 0.0% Voya Global Real Estate 3.0% 2.0% 2.0% 1.0% TOTAL 100.00% 100.00% 100.00% 100.00% Age-Based 9 (Ages 17 and Over) Underlying Fund Diversified Equity Diversified Bond Ultrashort Bond 00208713 CAPDN-STKBKLT-032918
AllianzGI Best Styles Global Equity 48.0% 0.0% 0.0% AllianzGI Global Allocation Fund 0.0% 0.0% 0.0% AllianzGI Short Duration High Income Fund 0.0% 5.0% 0.0% DFA Commodity Strategy Fund 5.0% 0.0% 0.0% Dodge & Cox International Stock Fund 17.0% 0.0% 0.0% Dreyfus/The Boston Company Small/Mid-Cap Growth 4.0% 0.0% 0.0% Metropolitan West Total Return Bond Fund 0.0% 50.0% 0.0% Morgan Stanley Instl. Emerging Markets Portfolio 2.0% 0.0% 0.0% PIMCO Income Fund 0.0% 30.0% 0.0% PIMCO Real Return Fund 0.0% 10.0% 0.0% PIMCO Short Asset Investment Fund 0.0% 5.0% 50.0% PIMCO Short Term Fund 0.0% 0.0% 50.0% TIAA-CREF S&P 500 Index Fund 19.0% 0.0% 0.0% Voya Global Real Estate 5.0% 0.0% 0.0% TOTAL 100.00% 100.00% 100.00% Annualized Total Returns The annualized total returns tables on pages A-25 through A-29 of the Plan Disclosure Statement are amended and replaced by the following: Historical Performance of Investment Portfolios The following tables summarize the average annual total return after deducting ongoing Portfolio fees of each Investment Portfolio as of November 30, 2017 with and without sales charges. Average annual total return is a hypothetical rate of return that, if achieved annually, would have produced the same cumulative total return if performance had been constant over the entire period. (Cumulative total return reflects actual change in the value of an investment over a given period.) Average annual total return smoothes out variations in performance; it is not the same as actual year-by year results. Returns covering periods of less than one year represent cumulative total returns. Sales charges related to investments in the Investment Portfolios are not reflected in the returns set forth below. Also, the $20 annual Maintenance Fee, which is waived in certain circumstances, is not included in the returns set forth below. Updated performance data will be available by visiting the Program s Web site, www.collegeaccess529.com, or by calling the Program Manager, toll-free, at 1-866-529-7462. The Program s fiscal year runs from January 1 st to December 31st of each year. The performance data set forth below is not indicative of the future performance of the Investment Portfolios. Ongoing market volatility can dramatically impact short-term performance. Future performance may be less than shown. Annualized Total Returns (Without Sales Charges) for periods ended November 30, 2017 Class A Inception 1-Year 3-Year 5-Year (at Date (at NAV) (at NAV) NAV) Since Inception 1 (at NAV) Age-Based Portfolios Age-Based 1 (Ages 0 8) 03/25/02 19.01% 5.15% 7.68% 5.05% Age-Based 2 (Ages 9-10) 03/25/02 18.03% 4.89% 7.16% 5.12% Age-Based 3 (Age 11) 10/13/17 N/A N/A N/A 0.80% Age-Based 4 (Age 12) 10/13/17 N/A N/A N/A 0.70% 00208713 CAPDN-STKBKLT-032918
Age-Based 5 (Age 13) 03/25/02 12.88% 3.82% 4.98% 4.34% Age-Based 6 (Age 14) 10/13/17 N/A N/A N/A 0.50% Age-Based 7 (Age 15) 10/13/17 N/A N/A N/A 0.40% Age-Based 8 (Age 16) 03/25/02 6.49% 2.25% 2.30% 3.20% Age-Based 9 (Ages 17 and Over) 03/25/02 4.13% 1.94% 1.61% 2.79% Static Investment Portfolios Diversified Equity 03/25/02 22.69% 6.41% 9.01% 4.99% Diversified Bond 03/25/02 4.87% 2.35% 2.02% 4.88% Ultrashort Bond 03/25/02 1.83% 1.08% 0.58% 1.30% Individual Investment Portfolios AllianzGI Best Styles International Equity 02/26/16 26.90% N/A N/A 18.77% AllianzGI Focused Growth 05/30/14 31.24% 12.95% N/A 12.88% AllianzGI Global Allocation 02/26/16 17.32% N/A N/A 11.90% AllianzGI NFJ Dividend Value 12/30/05 17.51% 6.19% 11.25% 6.13% AllianzGI NFJ Small-Cap Value 03/25/02 13.63% 7.31% 10.77% 9.76% Dodge & Cox International Stock 07/01/08 23.55% 2.82% 8.48% 4.17% Metropolitan West Total Return Bond 02/26/16 2.49% N/A N/A 1.64% PIMCO All Asset 01/30/04 13.19% 3.22% 2.93% 5.04% PIMCO Income 02/26/16 8.67% N/A N/A 9.11% PIMCO Real Return 12/31/04 2.16% 0.29% -1.04% 3.27% PIMCO Short Asset Investment 02/26/16 1.58% N/A N/A 1.52% PIMCO StocksPLUS Absolute Return 12/30/05 25.20% 10.20% 14.91% 9.87% Annualized Total Returns (With Sales Charges) for periods ended November 30, 2017 Class A Inception 1-Year 3-Year 5-Year (at Date (at NAV) (at NAV) NAV) Since Inception 1 (at NAV) Age-Based Portfolios Age-Based 1 (Ages 0 8) 03/25/02 12.47% 3.19% 6.47% 4.67% Age-Based 2 (Ages 9-10) 03/25/02 11.53% 2.93% 5.95% 4.74% Age-Based 3 (Age 11) 10/13/17 N/A N/A N/A 0.80% Age-Based 4 (Age 12) 10/13/17 N/A N/A N/A 0.70% Age-Based 5 (Age 13) 03/25/02 6.67% 1.88% 3.80% 3.96% Age-Based 6 (Age 14) 10/13/17 N/A N/A N/A 0.50% Age-Based 7 (Age 15) 10/13/17 N/A N/A N/A 0.40% Age-Based 8 (Age 16) 03/25/02 2.50% 0.96% 1.52% 2.83% Age-Based 9 (Ages 17 and Over) 03/25/02 0.22% 0.64% 0.83% 2.42% Static Investment Portfolios 00208713 CAPDN-STKBKLT-032918
Diversified Equity 03/25/02 15.94% 4.42% 7.78% 4.61% Diversified Bond 03/25/02 0.93% 1.05% 1.24% 4.50% Ultrashort Bond 03/25/02 1.83% 1.08% 0.58% 1.30% Individual Investment Portfolios AllianzGI Best Styles International Equity 02/26/16 19.92% N/A N/A 15.02% AllianzGI Focused Growth 05/30/14 24.03% 10.84% N/A 11.07% AllianzGI Global Allocation 02/26/16 10.87% N/A N/A 8.36% AllianzGI NFJ Dividend Value 12/30/05 11.03% 4.20% 10.01% 5.63% AllianzGI NFJ Small-Cap Value 03/25/02 7.38% 5.30% 9.52% 9.37% Dodge & Cox International Stock 07/01/08 16.76% 0.90% 7.26% 3.54% Metropolitan West Total Return Bond 02/26/16-1.35% N/A N/A -0.55% PIMCO All Asset 01/30/04 8.94% 1.91% 2.14% 4.61% PIMCO Income 02/26/16 4.59% N/A N/A 6.77% PIMCO Real Return 12/31/04-1.67% -0.98% -1.79% 2.96% PIMCO Short Asset Investment 02/26/16 1.58% N/A N/A 1.52% PIMCO StocksPLUS Absolute Return 12/30/05 20.49% 8.81% 14.04% 9.52% Annualized Total Returns (Without Sales Charges) for periods ended November 30, 2017 Since Class C Inception 1-Year 3-Year 5-Year Inception Date (at NAV) (at NAV) (at NAV) (at NAV) Age-Based Portfolios Age-Based 1 (Ages 0 8) 03/25/02 18.16% 4.37% 6.89% 4.27% Age-Based 2 (Ages 9-10) 03/25/02 17.18% 4.12% 6.36% 4.33% Age-Based 3 (Age 11) 10/13/17 N/A N/A N/A 0.70% Age-Based 4 (Age 12) 10/13/17 N/A N/A N/A 0.60% Age-Based 5 (Age 13) 03/25/02 12.02% 3.04% 4.20% 3.57% Age-Based 6 (Age 14) 10/13/17 N/A N/A N/A 0.40% Age-Based 7 (Age 15) 10/13/17 N/A N/A N/A 0.30% Age-Based 8 (Age 16) 03/25/02 5.73% 1.48% 1.52% 2.43% Age-Based 9 (Ages 17 and Over) 03/25/02 3.32% 1.17% 0.85% 2.02% Static Investment Portfolios Diversified Equity 03/25/02 21.72% 5.62% 8.19% 4.22% Diversified Bond 03/25/02 4.11% 1.58% 1.25% 4.09% Ultrashort Bond 03/25/02 1.88% 1.11% 0.59% 0.84% Individual Investment Portfolios AllianzGI Best Styles International Equity 02/26/16 26.01% N/A N/A 17.92% AllianzGI Focused Growth 05/30/14 30.25% 12.13% N/A 12.05% 00208713 CAPDN-STKBKLT-032918