Effective November 16, 2018, SMART529 WV Direct expanded from five Age-Based Portfolios to nine. Five of the Age-bands continue the performance history of the prior wider age-bands as follows: (1) Age-Based Portfolio 4-6 continues the performance of age-based portfolio 0-8. (2) Age-Based Portfolio 10-11 continues the performance of age-based portfolio 9-13. (3) There is no change in the Age-Based Portfolio 14-15, other than the underlying fund allocations. (4) Age-Based Portfolio 16 continues the performance history of age-based portfolio 16-17. (5) There is no change in the Age-Based Portfolio 18+, other than the Underlying Fund allocations. The following four age-based portfolios commenced operations on November 16, 2018: (1) Age-Based Portfolio 0-3; (2) Age-Based Portfolio 7-9; (3) Age-Based Portfolio 12-13; and (4) Age-Based Portfolio 17. Performance information through November 16, 2017 represents the prior age-bands and prior Underlying Portfolio allocation for the Age-Based Portfolios and the prior Underlying Portfolio allocations for the Static Portfolios, which may not be indicative of future results.

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

¹ With the exception of the SMART529 500 Index Portfolio and The SMART529 Stable Value Portfolio, effective October 26, 2012, all of the underlying funds in which the Age-Based and Static Portfolios invested were removed and replaced by Vanguard sponsored Underlying Funds. As a result, performance prior to October 26, 2012 represents the performance of the predecessor underlying funds.

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