Common use of SIPC Insurance and Additional Coverage Clause in Contracts

SIPC Insurance and Additional Coverage. The securities and cash held in an Account (other than a Specialized Account) are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (inclusive of up to a maximum of $250,000 cash). SIPC only protects the custody function of the broker-dealer, which means that SIPC works to restore to customers their securities and cash that are in their accounts if and when a liquidation of such brokerage firm begins. SIPC does not protect against the decline in value of your securities. SIPC protection does not apply to deposits made through a bank deposit program, to a Specialized Account or other Account not held by a broker-dealer, or to other assets that are not securities. Each Account held by a separate customer (as defined by applicable law) is treated separately for purposes of the above protection. You may obtain further information about SIPC, including the SIPC Brochure, via SIPC’s website at xxxx://xxx.xxxx.xxx or calling SIPC at (000) 000-0000. Obtaining Additional Information About the Program References made herein to certain documents and reports are summaries thereof which are not complete or definitive, and reference is made to those documents and reports for full and complete information as to the contents thereof. Individuals or entities having questions concerning the Client Direct Series of the Program, including procedures for opening an Account, or wishing to request Account Applications, Account maintenance forms should call the Recordkeeping Agent toll free at (000) 0-XXXXXXX (463-9843), or access the Program’s Web site located at xxx.xxxxxxxxxxxx.xxx. The Program’s most recent Annual Report may also be found on the Program’s Web site. Questions or requests for information also may be addressed in writing to the Recordkeeping Agent at Xxxxxxx Edge, Attn: Service Support, X.X. Xxx 0000, Xxxxxxxxxx, XX 00000. FAME may be contacted at X.X. Xxx 000, Xxxxxxx, XX 00000-0000. For information about benefits available to Maine residents, contact FAME at (000) 000-0000. PORTFOLIOS – PERFORMANCE AND INVESTMENTS ‌‌‌‌‌‌ General Each Portfolio offers a separate investment strategy. The Program’s investment options currently consist of Age-Based Diversified Portfolios, Diversified Portfolios, Single Fund Portfolios, the Principal Plus Portfolio and the NextGen Savings Portfolio. The performance of each Portfolio (other than the Principal Plus Portfolio, which invests in the Principal Plus Portfolio Investments and the NextGen Savings Portfolio, which makes deposits in the Bank Deposit Account) depends on the weighted average performance of the Underlying Funds in which it invests. The value of Units in each Portfolio varies from day to day. A Participant does not have any direct beneficial interests in the Portfolio Investment(s) held by a Portfolio and, accordingly, has no rights as an owner or shareholder of such Portfolio Investment(s). Age-Based Diversified Portfolios Age-Based Diversified Portfolios are designed for saving for the college education of the Designated Beneficiary. The assets of each Age-Based Diversified Portfolio are expected to be invested in a combination of Underlying Funds that is periodically adjusted. In addition, the assets held within each Age-Based Diversified Portfolio will be invested in different investment sectors depending on the ages of the Designated Beneficiaries assigned to that Portfolio. For example, an age-band of an Age- Based Diversified Portfolio designed for very young Designated Beneficiaries will typically invest most of its assets in equity Underlying Funds. By contrast, an age-band of an Age-Based Diversified Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds and a greater portion of its assets in fixed income Underlying Funds and/or the Cash Allocation Account. Diversified Portfolios Diversified Portfolios may invest in designated allocations of Underlying Funds. Each Diversified Portfolio will have a different investment strategy. The Underlying Funds in which the Diversified Portfolios invest and the percentage of assets targeted for equity, fixed income, cash equivalent, or alternative investment Underlying Funds are reviewed at least annually and may change. Single Fund Portfolios Single Fund Portfolios invest in a single Underlying Fund. Single Fund Portfolios will be reviewed at least annually. Principal Plus Portfolio The Principal Plus Portfolio invests only in the New York Life GIA and may invest in corporate fixed-income investments and/ or similar instruments. The performance of the Principal Plus Portfolio depends on the weighted average performance of the Principal Plus Portfolio Investments in which it invests. NextGen Savings Portfolio The NextGen Savings Portfolio is comprised exclusively of the Bank Deposit Account. The performance of the NextGen Savings Portfolio is based on the interest rate paid on the Bank Deposit Account. General — Substantially all of the assets of each BlackRock Portfolio (other than the iShares Portfolios) are invested in Institutional Class shares of the underlying BlackRock mutual funds that are recommended by BlackRock for that Portfolio and approved by FAME for use in the BlackRock Portfolios. A portion of certain BlackRock Portfolios may be held in the Cash Allocation Account as described on page 76. All of these Underlying Funds in which BlackRock Portfolios invest are currently managed by BlackRock. BlackRock and its affiliates had approximately $9.5 trillion in assets under management as of June 30, 2021. The following charts illustrate the current target asset allocation of each age-band of the BlackRock Age-Based Diversified Portfolio (the iShares Portfolios begin on page 77). Investment Non-Investment Grade Non-Investment Grade Non-Investment Grade Grade Fixed Fixed Income 2.25% Investment Fixed Income Fixed Income 8.5% Domestic 5.25% Income 7.75% Domestic Grade Fixed Domestic Investment Equity 34.75% Alternative Equity 48% Income 14.75% Equity 41.5% Grade Fixed Investment Income 21.5% 9% Alternative Investment 8% Alternate International International Investment Equity 33% Equity 30.5% 7% International Equity 28.25% BlackRock Age-Based 0-1 Year Portfolio BlackRock Age-Based 2-4 Years Portfolio BlackRock Age-Based 5-7 Years Portfolio Non-Investment Grade Non-Investment Grade Fixed Income Fixed Income Domestic Non-Investment Grade 9% Domestic 11% Equity 23.25% Fixed Income 11% Domestic Investment Grade Fixed Income 31% Equity 29% Investment Cash Allocation Account 5.5% Equity 20.25% International Alternative Investment 6% International Equity 25% Grade Fixed International Investment Income 39% Equity Grade Fixed 21.75% Income 43.5% Alternative Investment 5% Equity 15.75% Alternative Investment 4% BlackRock Age-Based 8-11 Years Portfolio BlackRock Age-Based 12-13 Years Portfolio BlackRock Age-Based 14-15 Years Portfolio Non-Investment Grade Non-Investment Grade Domestic Non-Investment Grade Domestic International Fixed Income Domestic Equity 16.5% Fixed Income Equity 12% International Fixed Income Equity 6% Equity 3% 12.25% 7.75% Equity 6.25% 2.5% Alternative Account 7% International Investment Equity 10.5% Grade Fixed Alternative Investment 1.75% Investment Grade Fixed Investment 1% Income 50% Income Cash Alternative Investment Investment 3% Cash Allocation Account 48.75% Allocation Account 38.75% Grade Fixed 22.25% Income 50.75% BlackRock Age-Based 16 Years Portfolio BlackRock Age-Based 17 Years Portfolio BlackRock Age-Based 18 Years Portfolio Investment Grade Fixed Income 47.25% Cash Allocation Account 52.75%

SIPC Insurance and Additional Coverage. The securities and cash held in an Account (other than a Specialized Account) are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (inclusive of up to a maximum of $250,000 cash). SIPC only protects the custody function of the broker-dealer, which means that SIPC works to restore to customers their securities and cash that are in their accounts if and when a liquidation of such brokerage firm begins. SIPC does not protect against the decline in value of your securities. SIPC protection does not apply to deposits made through a bank deposit program, to a Specialized Account or other Account not held by a broker-dealer, or to other assets that are not securities. Each Account held by a separate customer (as defined by applicable law) is treated separately for purposes of the above protection. You may obtain further information about SIPC, including the SIPC Brochure, via SIPC’s website at xxxx://xxx.xxxx.xxx or calling SIPC at (000) 000-0000. Obtaining Additional Information About the Program References made herein to certain documents and reports are summaries thereof which are not complete or definitive, and reference is made to those documents and reports for full and complete information as to the contents thereof. Individuals or entities having questions concerning the Client Direct Series of the Program, including procedures for opening an Account, or wishing to request Account Applications, Account maintenance forms should call the Recordkeeping Agent toll free at (000) 0-XXXXXXX (463-9843), or access the Program’s Web site located at xxx.xxxxxxxxxxxx.xxx. The Program’s most recent Annual Report may also be found on the Program’s Web site. Questions or requests for information also may be addressed in writing to the Recordkeeping Agent at Xxxxxxx Edge, Attn: Service Support, X.X. Xxx 0000P.O. Box 1501, XxxxxxxxxxPennington, XX 00000NJ 08534. FAME may be contacted at X.X. Xxx 000P.O. Box 949, XxxxxxxAugusta, XX 00000ME 04332-00000949. For information about benefits available to Maine residents, contact FAME at (000) 000-0000. PORTFOLIOS – PERFORMANCE AND INVESTMENTS ‌‌‌‌‌‌ General General‌‌ Each Portfolio offers a separate investment strategy. The Program’s investment options currently consist of Age-Based Diversified Year of Enrollment Portfolios, Diversified Portfolios, Single Fund Portfolios, the Principal Plus Portfolio and the NextGen Savings Portfolio. The performance of each Portfolio (other than the Principal Plus Portfolio, which invests in the Principal Plus Portfolio Investments and the NextGen Savings Portfolio, which makes deposits in the Bank Deposit Account) depends on the weighted average performance of the Underlying Funds in which it invests. The value of Units in each Portfolio varies from day to day. A Participant does not have any direct beneficial interests in the Portfolio Investment(s) held by a Portfolio and, accordingly, has no rights as an owner or shareholder of such Portfolio Investment(s). Age-Based Diversified Year of Enrollment Portfolios Age-Based Diversified Year of Enrollment Portfolios are designed for saving for the college education of the Designated Beneficiary based upon the anticipated timeline until the withdrawal of the invested funds for the Designated Beneficiary. The assets of each Age-Based Diversified Year of Enrollment Portfolio are expected to be invested in a combination of Underlying Funds that is periodically adjusted. In addition, the assets held within each Age-Based Diversified Portfolio will be invested in different investment sectors depending on the ages of the Designated Beneficiaries assigned to that Portfolio. For example, an age-band when there is a long period of an Age- Based Diversified time remaining until the specified enrollment year of a Year of Enrollment Portfolio, such Portfolio designed for very young Designated Beneficiaries will typically invest most of its assets in Underlying Funds that invest primarily in equity Underlying Fundssecurities. By contrast, when there is a shorter period of time remaining until the specified enrollment year of a Year of Enrollment Portfolio, or if the Portfolio is an age-band of an Age-Based Diversified “enrolled” Portfolio, the Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds that invest primarily in equity securities and a greater portion of its assets in Underlying Funds that invest primarily in fixed income Underlying Funds securities and/or the Cash Allocation Account. Diversified Portfolios Diversified Portfolios may invest in designated allocations of Underlying Funds. Each Diversified Portfolio will have a different investment strategy. The Underlying Funds in which the Diversified Portfolios invest and the percentage of assets targeted for equity, fixed income, cash equivalent, or alternative investment Underlying Funds are reviewed at least annually and may change. Single Fund Portfolios Single Fund Portfolios invest in a single Underlying Fund. Single Fund Portfolios will be reviewed at least annually. Principal Plus Portfolio The Principal Plus Portfolio invests only in the New York Life GIA and may invest in corporate fixed-income investments and/ or similar instruments. The performance of the Principal Plus Portfolio depends on the weighted average performance of the Principal Plus Portfolio Investments in which it invests. NextGen Savings Portfolio The NextGen Savings Portfolio is comprised exclusively of the Bank Deposit Account. The performance of the NextGen Savings Portfolio is based on the interest rate paid on the Bank Deposit Account. General — Substantially all of the assets of each BlackRock Portfolio (other than the iShares Portfolios) are invested in Institutional Class shares of the underlying BlackRock mutual funds that are recommended by BlackRock for that Portfolio and approved by FAME for use in the BlackRock Portfolios. A portion of certain BlackRock Portfolios may be held in the Cash Allocation Account as described on page 76. 72.‌ All of these Underlying Funds in which BlackRock Portfolios invest are currently managed by BlackRock. BlackRock and its affiliates had approximately $9.5 9.4 trillion in assets under management as of June 30, 20212023. The following charts illustrate the current target asset allocation of each age-band BlackRock Year of the BlackRock Age-Based Diversified Enrollment Portfolio (the iShares Portfolios begin on page 7773). Investment The target allocation of assets of each such Year of Enrollment Portfolio (other than the Enrolled Portfolio) to Underlying Funds that primarily invest in equity securities, fixed income securities and money market securities, respectively, will change over time (generally on a quarterly basis) from the target allocation shown in the following charts as the remaining period until the applicable “year of enrollment” shortens, with the allocation to Underlying Funds that primarily invest in equity securities generally reducing over time and the allocation to Underlying Funds that primarily invest in fixed income securities and/or money market securities generally increasing over time. 2041 Enrollment Portfolio Fixed Income Non-Investment Grade Non-Investment Grade Non-Investment Grade Grade Fixed Fixed Income FI 8.00% 2.25% Investment Fixed Income Fixed Income 8.5Alternative Assets 4.00% Domestic 5.25% Income 7.75% Domestic Grade Fixed Domestic Investment Equity 34.75% Alternative Equity 48% Income 14.75% Equity 41.5% Grade Fixed Investment Income 21.5% 9% Alternative Investment 8% Alternate International International Investment Equity 33% Equity 30.5% 7% International Equity 28.2553.25% BlackRock Age-Based 0-1 Year Portfolio BlackRock Age-Based 2-4 Years Portfolio BlackRock Age-Based 5-7 Years 32.50% 2038 Enrollment Portfolio Non-Investment Grade Non-Investment Grade FI Fixed Income Fixed Income Domestic Non-Investment Grade 95.00% 13.50% Domestic 11Equity Alternative Assets 49.25% Equity 23.25% Fixed Income 11% Domestic Investment Grade Fixed Income 31% Equity 29% Investment Cash Allocation Account 5.5% Equity 20.25% International Alternative Investment 63.50% International Equity 2528.75% Grade Fixed International Investment Income 39% Equity Grade Fixed 21.75% Income 43.5% Alternative Investment 5% Equity 15.75% Alternative Investment 4% BlackRock Age-Based 8-11 Years Portfolio BlackRock Age-Based 12-13 Years Portfolio BlackRock Age-Based 14-15 Years 2035 Enrollment Portfolio Non-Investment Grade FI 7.50% Domestic Equity Fixed Income 44.75% 19.50% Alternative Assets 3.25% International Equity 25.00% 2033 Enrollment Portfolio Non-Investment Grade FI 8.00% Domestic Equity 39.00% Fixed Income 28.00% Alternative Assets 2.75% International Equity 22.25% 2029 Enrollment Portfolio Non-Investment Grade Domestic International Fixed Income FI 10.25% Domestic Equity 16.531.25% Fixed Income 35.50% Alternative Assets International Equity 122.25% 20.75% 2027 Enrollment Portfolio Non-Investment Grade FI 12.25% Domestic Equity 25.75% Fixed Income 42.50% International Equity 17.75% Alternative Assets 1.75% 2026 Enrollment Portfolio Non-Investment Grade FI Cash 13.50% 1.25% Fixed Income 49.50% Domestic Equity 621.50% International Equity 312.75% 12.25Alternative Assets 1.50% 7.752025 Enrollment Portfolio Cash Non-Investment Grade FI 20.00% 6.75% Domestic Equity 16.00% International Equity 9.75% Fixed Income 46.50% Alternative Assets 1.00% 2024 Enrollment Portfolio Domestic Equity 11.25% International Equity 6.25% 2.5Cash Alternative Assets 30.75% 0.75% Non-Investment Grade FI Fixed Income 3.50% 47.50% Enrolled Portfolio Cash 42.00% Non-Investment Grade FI 2.25% Domestic Equity 6.25% International Equity 3.25% Alternative Account 7Assets 0.50% Fixed Income 45.75% The following charts illustrate the current target asset allocation of each BlackRock Diversified Portfolio and Single Fund Portfolio (the iShares Portfolios begin on page 75). 100% Equity Portfolio Alternative Assets 10.00% Domestic Equity International Investment Equity 10.551.25% Grade 38.75% Fixed Alternative Investment 1.75Income Portfolio Cash 19.25% Fixed Income 51.75% Non-Investment Grade Fixed Investment 1FI 29.00% Income 50% Income Cash Alternative Investment Investment 3% Cash Allocation Account 48.75% Allocation Account 38.75% Grade Fixed 22.25% Income 50.75% BlackRock AgeBalanced Portfolio Domestic Equity Non-Based 16 Years Portfolio BlackRock Age-Based 17 Years Portfolio BlackRock Age-Based 18 Years Portfolio Investment Grade FI 23.25% 12.75% Fixed Income 47.25International Equity 37.25% Cash Allocation Account 52.7521.75% Alternative Assets 5.00% Equity Index Portfolio Domestic Equity 100.00%

SIPC Insurance and Additional Coverage. The securities and cash held in an Account (other than held through a Specialized Account) Financial Intermediary that is a broker-dealer are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (inclusive of up to a maximum of $250,000 cash). SIPC only protects the custody function of the broker-dealer, which means that SIPC works to restore to customers their securities and cash that are in their accounts if and when a liquidation of such brokerage firm begins. SIPC does not protect against the decline in value of your securities. SIPC protection does not apply to deposits made through a bank deposit program, to a Specialized Account or other Account not held by a broker-dealer, program or to other assets that are not securities. Each Account held by a separate customer (as defined by applicable law) is treated separately for purposes of the above protection. You may obtain further information about SIPC, including the SIPC Brochure, via SIPC’s website at xxxx://xxx.xxxx.xxx or calling SIPC at (000) 000-0000. Obtaining Additional Information About the Program References made herein to certain documents and reports are summaries thereof which are not complete or definitive, and reference is made to those documents and reports for full and complete information as to the contents thereof. Individuals or entities having questions concerning the Client Direct Series of the Program, including procedures for opening an Account, or wishing to request Account Applications, Account maintenance forms or a copy of the Program’s most recent Annual Report should call the Recordkeeping Agent Program Manager toll free at 1-833-3NG529 (0- 000) 0-XXXXXXX (463000-98430000), or access the Program’s Web site located at xxx.xxxxxxxxxxxx.xxx. The Program’s most recent Annual Report may also be found on the Program’s Web sitexxx.xxxxxxxxxxxx.xxx or contact their Financial Intermediary. Questions or requests for information also may be addressed in writing to the Recordkeeping Agent at Xxxxxxx EdgeNextGen 529, Attn: Service SupportPO Box 9670, X.X. Xxx 0000, Xxxxxxxxxx, XX 00000Providence RI 02940-9670. FAME may be contacted at X.X. Xxx 000P.O. Box 949, XxxxxxxAugusta, XX 00000ME 04332-00000949. For information about benefits available to Maine residents, contact FAME at (000) 000-0000. PORTFOLIOS – PERFORMANCE AND INVESTMENTS ‌‌‌‌‌‌ General General‌‌‌‌‌‌ Each Portfolio offers a separate investment strategy. The Program’s investment options currently consist of Age-Based Diversified Portfolios, Diversified Portfolios, Single Fund Portfolios, the Principal Plus Portfolio and the NextGen Savings Portfolio. The performance of each Portfolio (other than the Principal Plus Portfolio, which invests in the Principal Plus Portfolio Investments Investments, and the NextGen Savings Portfolio, which makes deposits in the Bank Deposit Account) depends on the weighted average performance of the Underlying Funds in which it invests. The value of Units in each Portfolio varies from day to day. A Participant does not have any direct beneficial interests in the Portfolio Investment(s) Investments held by a Portfolio and, accordingly, has no rights as an owner or shareholder of such Portfolio Investment(s)Investments. Age-Based Diversified Portfolios Age-Based Diversified Portfolios are designed for saving for the college education of the Designated Beneficiary. The assets of each Age-Based Diversified Portfolio are expected to be invested in a combination of Underlying Funds that is periodically adjusted. In addition, the assets held within each Age-Based Diversified Portfolio will be invested in different investment sectors depending on the ages of the Designated Beneficiaries assigned to that Portfolio. For example, an age-band of an Age- Based Diversified Portfolio designed for very young Designated Beneficiaries will typically invest most of its assets in equity Underlying Funds. By contrast, an age-band of an Age-Based Diversified Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds and a greater portion of its assets in fixed income Underlying Funds and/or the Cash Allocation Account. Diversified Portfolios Diversified Portfolios may invest in designated allocations of Underlying Funds. Each Diversified Portfolio will have a different investment strategy. The Underlying Funds in which the Diversified Portfolios invest and the percentage of assets targeted for equity, fixed income, cash equivalent, or alternative investment Underlying Funds are reviewed at least annually and may change. Single Fund Portfolios Single Fund Portfolios invest in a single Underlying Fund. Each Single Fund Portfolios Portfolio will be have a different investment strategy. Each Single Fund Portfolio is reviewed at least annually. Principal Plus Portfolio The Principal Plus Portfolio invests only in the New York Life GIA and may invest in corporate fixed-income investments and/ or similar instruments. The performance of the Principal Plus Portfolio depends on the weighted average performance of the Principal Plus Portfolio Investments in which it invests. NextGen Savings Portfolio The NextGen Savings Portfolio is comprised exclusively of the Bank Deposit Account. The performance of the NextGen Savings Portfolio is based on the interest rate paid on the Bank Deposit Account. General — Substantially all of the assets of each BlackRock Portfolio (other than the iShares Portfolios) are invested in Institutional Class shares of the underlying BlackRock mutual funds that are recommended by BlackRock for that Portfolio and approved by FAME for use in the BlackRock Portfolios. A portion of certain BlackRock Portfolios may be held in the Cash Allocation Account as described on page 76. All of these Underlying Funds in which BlackRock Portfolios invest are currently managed by BlackRock. BlackRock and its affiliates had approximately $9.5 trillion in assets under management as of June 30, 2021. The following charts illustrate the current target asset allocation of each age-band of the BlackRock Age-Based Diversified Portfolio (the iShares Portfolios begin on page 77). Investment Non-Investment Grade Non-Investment Grade Non-Investment Grade Grade Fixed Fixed Income 2.25% Investment Fixed Income Fixed Income 8.5% Domestic 5.25% Income 7.75% Domestic Grade Fixed Domestic Investment Equity 34.75% Alternative Equity 48% Income 14.75% Equity 41.5% Grade Fixed Investment Income 21.5% 9% Alternative Investment 8% Alternate International International Investment Equity 33% Equity 30.5% 7% International Equity 28.25% BlackRock Age-Based 0-1 Year Portfolio BlackRock Age-Based 2-4 Years Portfolio BlackRock Age-Based 5-7 Years Portfolio Non-Investment Grade Non-Investment Grade Fixed Income Fixed Income Domestic Non-Investment Grade 9% Domestic 11% Equity 23.25% Fixed Income 11% Domestic Investment Grade Fixed Income 31% Equity 29% Investment Cash Allocation Account 5.5% Equity 20.25% International Alternative Investment 6% International Equity 25% Grade Fixed International Investment Income 39% Equity Grade Fixed 21.75% Income 43.5% Alternative Investment 5% Equity 15.75% Alternative Investment 4% BlackRock Age-Based 8-11 Years Portfolio BlackRock Age-Based 12-13 Years Portfolio BlackRock Age-Based 14-15 Years Portfolio Non-Investment Grade Non-Investment Grade Domestic Non-Investment Grade Domestic International Fixed Income Domestic Equity 16.5% Fixed Income Equity 12% International Fixed Income Equity 6% Equity 3% 12.25% 7.75% Equity 6.25% 2.5% Alternative Account 7% International Investment Equity 10.5% Grade Fixed Alternative Investment 1.75% Investment Grade Fixed Investment 1% Income 50% Income Cash Alternative Investment Investment 3% Cash Allocation Account 48.75% Allocation Account 38.75% Grade Fixed 22.25% Income 50.75% BlackRock Age-Based 16 Years Portfolio BlackRock Age-Based 17 Years Portfolio BlackRock Age-Based 18 Years Portfolio Investment Grade Fixed Income 47.25% Cash Allocation Account 52.75%.

SIPC Insurance and Additional Coverage. The securities and cash held in an Account (other than a Specialized Account) are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (inclusive of up to a maximum of $250,000 cash). SIPC only protects the custody function of the broker-dealer, which means that SIPC works to restore to customers their securities and cash that are in their accounts if and when a liquidation of such brokerage firm begins. SIPC does not protect against the decline in value of your securities. SIPC protection does not apply to deposits made through a bank deposit program, to a Specialized Account or other Account not held by a broker-dealer, or to other assets that are not securities. Each Account held by a separate customer (as defined by applicable law) is treated separately for purposes of the above protection. You may obtain further information about SIPC, including the SIPC Brochure, via SIPC’s website at xxxx://xxx.xxxx.xxx or calling SIPC at (000) 000-0000. Obtaining Additional Information About the Program References made herein to certain documents and reports are summaries thereof which are not complete or definitive, and reference is made to those documents and reports for full and complete information as to the contents thereof. Individuals or entities having questions concerning the Client Direct Series of the Program, including procedures for opening an Account, or wishing to request Account Applications, Account maintenance forms should call the Recordkeeping Agent toll free at (000) 0-XXXXXXX (463-9843), or access the Program’s Web site located at xxx.xxxxxxxxxxxx.xxx. The Program’s most recent Annual Report may also be found on the Program’s Web site. Questions or requests for information also may be addressed in writing to the Recordkeeping Agent at Xxxxxxx Edge, Attn: Service Support, X.X. Xxx 0000, Xxxxxxxxxx, XX 00000NJ 08534. FAME may be contacted at X.X. Xxx 000, Xxxxxxx, XX 00000-0000. For information about benefits available to Maine residents, contact FAME at (000) 000-0000. PORTFOLIOS – PERFORMANCE AND INVESTMENTS ‌‌‌‌‌‌ General Each Portfolio offers a separate investment strategy. The Program’s investment options currently consist of Age-Based Diversified Portfolios, Diversified Portfolios, Single Fund Portfolios, the Principal Plus Portfolio and the NextGen Savings Portfolio. The performance of each Portfolio (other than the Principal Plus Portfolio, which invests in the Principal Plus Portfolio Investments and the NextGen Savings Portfolio, which makes deposits in the Bank Deposit Account) depends on the weighted average performance of the Underlying Funds in which it invests. The value of Units in each Portfolio varies from day to day. A Participant does not have any direct beneficial interests in the Portfolio Investment(s) held by a Portfolio and, accordingly, has no rights as an owner or shareholder of such Portfolio Investment(s). Age-Based Diversified Portfolios Age-Based Diversified Portfolios are designed for saving for the college education of the Designated Beneficiary. The assets of each Age-Based Diversified Portfolio are expected to be invested in a combination of Underlying Funds that is periodically adjusted. In addition, the assets held within each Age-Based Diversified Portfolio will be invested in different investment sectors depending on the ages of the Designated Beneficiaries assigned to that Portfolio. For example, an age-band of an Age- Based Diversified Portfolio designed for very young Designated Beneficiaries will typically invest most of its assets in equity Underlying Funds. By contrast, an age-band of an Age-Based Diversified Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds and a greater portion of its assets in fixed income Underlying Funds and/or the Cash Allocation Account. Diversified Portfolios Diversified Portfolios may invest in designated allocations of Underlying Funds. Each Diversified Portfolio will have a different investment strategy. The Underlying Funds in which the Diversified Portfolios invest and the percentage of assets targeted for equity, fixed income, cash equivalent, or alternative investment Underlying Funds are reviewed at least annually and may change. Single Fund Portfolios Single Fund Portfolios invest in a single Underlying Fund. Single Fund Portfolios will be reviewed at least annually. Principal Plus Portfolio The Principal Plus Portfolio invests only in the New York Life GIA and may invest in corporate fixed-income investments and/ or similar instruments. The performance of the Principal Plus Portfolio depends on the weighted average performance of the Principal Plus Portfolio Investments in which it invests. NextGen Savings Portfolio The NextGen Savings Portfolio is comprised exclusively of the Bank Deposit Account. The performance of the NextGen Savings Portfolio is based on the interest rate paid on the Bank Deposit Account. General — Substantially all of the assets of each BlackRock Portfolio (other than the iShares Portfolios) are invested in Institutional Class shares of the underlying BlackRock mutual funds that are recommended by BlackRock for that Portfolio and approved by FAME for use in the BlackRock Portfolios. A portion of certain BlackRock Portfolios may be held in the Cash Allocation Account as described on page 76. All of these Underlying Funds in which BlackRock Portfolios invest are currently managed by BlackRock. BlackRock and its affiliates had approximately $9.5 trillion in assets under management as of June 30, 2021. The following charts illustrate the current target asset allocation of each age-band of the BlackRock Age-Based Diversified Portfolio (the iShares Portfolios begin on page 77). Investment Non-Investment Grade Non-Investment Grade Non-Investment Grade Grade Fixed Fixed Income 2.25% Investment Fixed Income Fixed Income 8.5% Domestic 5.25% Income 7.75% Domestic Grade Fixed Domestic Investment Equity 34.75% Alternative Equity 48% Income 14.75% Equity 41.5% Grade Fixed Investment Income 21.5% 9% Alternative Investment 8% Alternate International International Investment Equity 33% Equity 30.5% 7% International Equity 28.25% BlackRock Age-Based 0-1 Year Portfolio BlackRock Age-Based 2-4 Years Portfolio BlackRock Age-Based 5-7 Years Portfolio Non-Investment Grade Non-Investment Grade Fixed Income Fixed Income Domestic Non-Investment Grade 9% Domestic 11% Equity 23.25% Fixed Income 11% Domestic Investment Grade Fixed Income 31% Equity 29% Investment Cash Allocation Account 5.5% Equity 20.25% International Alternative Investment 6% International Equity 25% Grade Fixed International Investment Income 39% Equity Grade Fixed 21.75% Income 43.5% Alternative Investment 5% Equity 15.75% Alternative Investment 4% BlackRock Age-Based 8-11 Years Portfolio BlackRock Age-Based 12-13 Years Portfolio BlackRock Age-Based 14-15 Years Portfolio Non-Investment Grade Non-Investment Grade Domestic Non-Investment Grade Domestic International Fixed Income Domestic Equity 16.5% Fixed Income Equity 12% International Fixed Income Equity 6% Equity 3% 12.25% 7.75% Equity 6.25% 2.5% Alternative Account 7% International Investment Equity 10.5% Grade Fixed Alternative Investment 1.75% Investment Grade Fixed Investment 1% Income 50% Income Cash Alternative Investment Investment 3% Cash Allocation Account 48.75% Allocation Account 38.75% Grade Fixed 22.25% Income 50.75% BlackRock Age-Based 16 Years Portfolio BlackRock Age-Based 17 Years Portfolio BlackRock Age-Based 18 Years Portfolio Investment Grade Fixed Income 47.25% Cash Allocation Account 52.75%

SIPC Insurance and Additional Coverage. The securities and cash held in an Account (other than a Specialized Account) are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (inclusive of up to a maximum of $250,000 cash). SIPC only protects the custody function of the broker-dealer, which means that SIPC works to restore to customers their securities and cash that are in their accounts if and when a liquidation of such brokerage firm begins. SIPC does not protect against the decline in value of your securities. SIPC protection does not apply to deposits made through a bank deposit program, to a Specialized Account or other Account not held by a broker-dealer, or to other assets that are not securities. Each Account held by a separate customer (as defined by applicable law) is treated separately for purposes of the above protection. You may obtain further information about SIPC, including the SIPC Brochure, via SIPC’s website at xxxx://xxx.xxxx.xxx or calling SIPC at (000) 000-0000. Obtaining Additional Information About the Program References made herein to certain documents and reports are summaries thereof which are not complete or definitive, and reference is made to those documents and reports for full and complete information as to the contents thereof. Individuals or entities having questions concerning the Client Direct Series of the Program, including procedures for opening an Account, or wishing to request Account Applications, Account maintenance forms should call the Recordkeeping Agent toll free at (000) 0-XXXXXXX (463-9843), or access the Program’s Web site located at xxx.xxxxxxxxxxxx.xxx. The Program’s most recent Annual Report may also be found on the Program’s Web site. Questions or requests for information also may be addressed in writing to the Recordkeeping Agent at Xxxxxxx Edge, Attn: Service Support, X.X. Xxx 0000P.O. Box 1501, XxxxxxxxxxPennington, XX 00000NJ 08534. FAME may be contacted at X.X. Xxx 000P.O. Box 949, XxxxxxxAugusta, XX 00000ME 04332-00000949. For information about benefits available to Maine residents, contact FAME at (000) 000-0000. PORTFOLIOS – PERFORMANCE AND INVESTMENTS ‌‌‌‌‌‌ General Each Portfolio offers a separate investment strategy. The Program’s investment options currently consist of Age-Based Diversified Portfolios, Diversified Portfolios, Single Fund Portfolios, the Principal Plus Portfolio and the NextGen Savings Portfolio. The performance of each Portfolio (other than the Principal Plus Portfolio, which invests in the Principal Plus Portfolio Investments and the NextGen Savings Portfolio, which makes deposits in the Bank Deposit Account) depends on the weighted average performance of the Underlying Funds in which it invests. The value of Units in each Portfolio varies from day to day. A Participant does not have any direct beneficial interests in the Portfolio Investment(s) held by a Portfolio and, accordingly, has no rights as an owner or shareholder of such Portfolio Investment(s). Age-Based Diversified Portfolios Age-Based Diversified Portfolios are designed for saving for the college education of the Designated Beneficiary. The assets of each Age-Based Diversified Portfolio are expected to be invested in a combination of Underlying Funds that is periodically adjusted. In addition, the assets held within each Age-Based Diversified Portfolio will be invested in different investment sectors depending on the ages of the Designated Beneficiaries assigned to that Portfolio. For example, an age-band of an Age- Based Diversified Portfolio designed for very young Designated Beneficiaries will typically invest most of its assets in equity Underlying Funds. By contrast, an age-band of an Age-Based Diversified Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds and a greater portion of its assets in fixed income Underlying Funds and/or the Cash Allocation Account. Diversified Portfolios Diversified Portfolios may invest in designated allocations of Underlying Funds. Each Diversified Portfolio will have a different investment strategy. The Underlying Funds in which the Diversified Portfolios invest and the percentage of assets targeted for equity, fixed income, cash equivalent, or alternative investment Underlying Funds are reviewed at least annually and may change. Single Fund Portfolios Single Fund Portfolios invest in a single Underlying Fund. Single Fund Portfolios will be reviewed at least annually. Principal Plus Portfolio The Principal Plus Portfolio invests only in the New York Life GIA and may invest in corporate fixed-income investments and/ or similar instruments. The performance of the Principal Plus Portfolio depends on the weighted average performance of the Principal Plus Portfolio Investments in which it invests. NextGen Savings Portfolio The NextGen Savings Portfolio is comprised exclusively of the Bank Deposit Account. The performance of the NextGen Savings Portfolio is based on the interest rate paid on the Bank Deposit Account. General — Substantially all of the assets of each BlackRock Portfolio (other than the iShares Portfolios) are invested in Institutional Class shares of the underlying BlackRock mutual funds that are recommended by BlackRock for that Portfolio and approved by FAME for use in the BlackRock Portfolios. A portion of certain BlackRock Portfolios may be held in the Cash Allocation Account as described on page 7687. All of these Underlying Funds in which BlackRock Portfolios invest are currently managed by BlackRock. BlackRock and its affiliates had approximately $9.5 8.5 trillion in assets under management as of June 30, 20212022. The following charts illustrate the current target asset allocation of each age-band of the BlackRock Age-Based Diversified Portfolio (the iShares Portfolios begin on page 7785). Investment NonBlackRock Age-Investment Grade NonBased BlackRock Age-Investment Grade Non-Investment Grade Grade Fixed Fixed Income 2.25% Investment Fixed Income Fixed Income 8.5% Domestic 5.25% Income 7.75% Domestic Grade Fixed Domestic Investment Equity 34.75% Alternative Equity 48% Income 14.75% Equity 41.5% Grade Fixed Investment Income 21.5% 9% Alternative Investment 8% Alternate International International Investment Equity 33% Equity 30.5% 7% International Equity 28.25% Based BlackRock Age-Based 0-1 Year Portfolio BlackRock Age-Based 2-4 Years Portfolio 5-7 Years Portfolio BlackRock Age-Based 5BlackRock Age-7 Years Portfolio Non-Investment Grade Non-Investment Grade Fixed Income Fixed Income Domestic Non-Investment Grade 9% Domestic 11% Equity 23.25% Fixed Income 11% Domestic Investment Grade Fixed Income 31% Equity 29% Investment Cash Allocation Account 5.5% Equity 20.25% International Alternative Investment 6% International Equity 25% Grade Fixed International Investment Income 39% Equity Grade Fixed 21.75% Income 43.5% Alternative Investment 5% Equity 15.75% Alternative Investment 4% Based BlackRock Age-Based 8-11 Years Portfolio BlackRock Age-Based 12-13 Years Portfolio 14-15 Years Portfolio BlackRock Age-Based 14BlackRock Age-15 Years Portfolio Non-Investment Grade Non-Investment Grade Domestic Non-Investment Grade Domestic International Fixed Income Domestic Equity 16.5% Fixed Income Equity 12% International Fixed Income Equity 6% Equity 3% 12.25% 7.75% Equity 6.25% 2.5% Alternative Account 7% International Investment Equity 10.5% Grade Fixed Alternative Investment 1.75% Investment Grade Fixed Investment 1% Income 50% Income Cash Alternative Investment Investment 3% Cash Allocation Account 48.75% Allocation Account 38.75% Grade Fixed 22.25% Income 50.75% Based BlackRock Age-Based 16 Years Portfolio BlackRock Age-Based 17 Years Portfolio 18 Years Portfolio BlackRock Age-Based 18 19+ Years Portfolio Investment Grade BlackRock 100% Equity BlackRock Fixed Income 47.25% Cash Allocation Account 52.75%Portfolio Portfolio BlackRock Balanced BlackRock Equity Index Portfolio Portfolio The following charts illustrate the current target asset allocation of each BlackRock Diversified Portfolio and Single Fund Portfolio (the iShares Portfolios begin on page 81).

SIPC Insurance and Additional Coverage. The securities and cash held in an Account (other than held through a Specialized Account) Financial Intermediary that is a broker-dealer are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (inclusive of up to a maximum of $250,000 cash). SIPC only protects the custody function of the broker-dealer, which means that SIPC works to restore to customers their securities and cash that are in their accounts if and when a liquidation of such brokerage firm begins. SIPC does not protect against the decline in value of your securities. SIPC protection does not apply to deposits made through a bank deposit program, to a Specialized Account or other Account not held by a broker-dealer, program or to other assets that are not securities. Each Account held by a separate customer (as defined by applicable law) is treated separately for purposes of the above protection. You may obtain further information about SIPC, including the SIPC Brochure, via SIPC’s website at xxxx://xxx.xxxx.xxx or calling SIPC at (000) 000-0000. Obtaining Additional Information About the Program References made herein to certain documents and reports are summaries thereof which are not complete or definitive, and reference is made to those documents and reports for full and complete information as to the contents thereof. Individuals or entities having questions concerning the Client Direct Series of the Program, including procedures for opening an Account, or wishing to request Account Applications, Account maintenance forms or a copy of the Program’s most recent Annual Report should call the Recordkeeping Agent Program Manager toll free at 1-833-3NG529 (000) 0-XXXXXXX (463000-9843000-0000), or access the Program’s Web site located at xxx.xxxxxxxxxxxx.xxx. The Program’s most recent Annual Report may also be found on the Program’s Web sitexxx.xxxxxxxxxxxx.xxx or contact their Financial Intermediary. Questions or requests for information also may be addressed in writing to the Recordkeeping Agent at Xxxxxxx EdgeNextGen 529, Attn: Service SupportPO Box 9670, X.X. Xxx 0000, Xxxxxxxxxx, XX 00000Providence RI 02940- 9670. FAME may be contacted at X.X. Xxx 000P.O. Box 949, XxxxxxxAugusta, XX 00000ME 04332-00000949. For information about benefits available to Maine residents, contact FAME at (000) 000-0000. PORTFOLIOS – PERFORMANCE AND INVESTMENTS ‌‌‌‌‌‌ General Each Portfolio offers a separate investment strategy. The Program’s investment options currently consist of Age-Based Diversified Portfolios, Diversified Portfolios, Single Fund Portfolios, the Principal Plus Portfolio and the NextGen Savings Portfolio. The performance of each Portfolio (other than the Principal Plus Portfolio, which invests in the Principal Plus Portfolio Investments and the NextGen Savings Portfolio, which makes deposits in the Bank Deposit Account) depends on the weighted average performance of the Underlying Funds in which it invests. The value of Units in each Portfolio varies from day to day. A Participant does not have any direct beneficial interests in the Portfolio Investment(s) held by a Portfolio and, accordingly, has no rights as an owner or shareholder of such Portfolio Investment(s). Age-Based Diversified Portfolios Age-Based Diversified Portfolios are designed for saving for the college education of the Designated Beneficiary. The assets of each Age-Based Diversified Portfolio are expected to be invested in a combination of Underlying Funds that is periodically adjusted. In addition, the assets held within each Age-Based Diversified Portfolio will be invested in different investment sectors depending on the ages of the Designated Beneficiaries assigned to that Portfolio. For example, an age-band of an Age- Based Diversified Portfolio designed for very young Designated Beneficiaries will typically invest most of its assets in equity Underlying Funds. By contrast, an age-band of an Age-Based Diversified Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds and a greater portion of its assets in fixed income Underlying Funds and/or the Cash Allocation Account. Diversified Portfolios Diversified Portfolios may invest in designated allocations of Underlying Funds. Each Diversified Portfolio will have a different investment strategy. The Underlying Funds in which the Diversified Portfolios invest and the percentage of assets targeted for equity, fixed income, cash equivalent, or alternative investment Underlying Funds are reviewed at least annually and may change. Single Fund Portfolios Single Fund Portfolios invest in a single Underlying Fund. Single Fund Portfolios will be reviewed at least annually. Principal Plus Portfolio The Principal Plus Portfolio invests only in the New York Life GIA and may invest in corporate fixed-income investments and/ or similar instruments. The performance of the Principal Plus Portfolio depends on the weighted average performance of the Principal Plus Portfolio Investments in which it invests. NextGen Savings Portfolio The NextGen Savings Portfolio is comprised exclusively of the Bank Deposit Account. The performance of the NextGen Savings Portfolio is based on the interest rate paid on the Bank Deposit Account. General — Substantially all of the assets of each BlackRock Portfolio (other than the iShares Portfolios) are invested in Institutional Class shares of the underlying BlackRock mutual funds that are recommended by BlackRock for that Portfolio and approved by FAME for use in the BlackRock Portfolios. A portion of certain BlackRock Portfolios may be held in the Cash Allocation Account as described on page 76. All of these Underlying Funds in which BlackRock Portfolios invest are currently managed by BlackRock. BlackRock and its affiliates had approximately $9.5 trillion in assets under management as of June 30, 2021. The following charts illustrate the current target asset allocation of each age-band of the BlackRock Age-Based Diversified Portfolio (the iShares Portfolios begin on page 77). Investment Non-Investment Grade Non-Investment Grade Non-Investment Grade Grade Fixed Fixed Income 2.25% Investment Fixed Income Fixed Income 8.5% Domestic 5.25% Income 7.75% Domestic Grade Fixed Domestic Investment Equity 34.75% Alternative Equity 48% Income 14.75% Equity 41.5% Grade Fixed Investment Income 21.5% 9% Alternative Investment 8% Alternate International International Investment Equity 33% Equity 30.5% 7% International Equity 28.25% BlackRock Age-Based 0-1 Year Portfolio BlackRock Age-Based 2-4 Years Portfolio BlackRock Age-Based 5-7 Years Portfolio Non-Investment Grade Non-Investment Grade Fixed Income Fixed Income Domestic Non-Investment Grade 9% Domestic 11% Equity 23.25% Fixed Income 11% Domestic Investment Grade Fixed Income 31% Equity 29% Investment Cash Allocation Account 5.5% Equity 20.25% International Alternative Investment 6% International Equity 25% Grade Fixed International Investment Income 39% Equity Grade Fixed 21.75% Income 43.5% Alternative Investment 5% Equity 15.75% Alternative Investment 4% BlackRock Age-Based 8-11 Years Portfolio BlackRock Age-Based 12-13 Years Portfolio BlackRock Age-Based 14-15 Years Portfolio Non-Investment Grade Non-Investment Grade Domestic Non-Investment Grade Domestic International Fixed Income Domestic Equity 16.5% Fixed Income Equity 12% International Fixed Income Equity 6% Equity 3% 12.25% 7.75% Equity 6.25% 2.5% Alternative Account 7% International Investment Equity 10.5% Grade Fixed Alternative Investment 1.75% Investment Grade Fixed Investment 1% Income 50% Income Cash Alternative Investment Investment 3% Cash Allocation Account 48.75% Allocation Account 38.75% Grade Fixed 22.25% Income 50.75% BlackRock Age-Based 16 Years Portfolio BlackRock Age-Based 17 Years Portfolio BlackRock Age-Based 18 Years Portfolio Investment Grade Fixed Income 47.25% Cash Allocation Account 52.75%.