Pricing Alternatives A and AG: Effective 09/01/2016, performance reporting for Class A and Class AG with all sales charges reflects a maximum sales charge of 3.75% for single - fund portfolios, target-allocation portfolios and age-based portfolios, except for the Columbia Conservative 529 Portfolio, Age-Based : Aggressive Track Ages 18+, Moderate Track Ages 16-17, Conservative Track Ages 14-15, FA Strategic Income 529 Portfolio, Columbia Income Opportunities 529 Portfolio, Columbia Total Return Bond 529 Portfolio, JP Morgan Core Bond 529 Portfolio, PGIM Global Total Return USD Hedged 529 Portfolio and Columbia Quality Income 529 Portfolio, which reflect a maximum sales charge of 3%. The Columbia College 529 Portfolio, Age-Based: Moderate Track Ages 18+, Conservative Track Ages 16+, Columbia Bank Deposit 529 Portfolio, Columbia Short Term Bond 529 Portfolio, Columbia Legacy Capital Preservation 529 Portfolio have no initial sales charges for Pricing Alternative A.

US Large Cap Core ETF 529 Portfolio
Investment returns prior to February 2023 are based on the performance of iShares Russell 1000 ETF, which was the Portfolio's single underlying fund from the inception date to February 2023.
US Small Cap Core ETF 529 Portfolio
Investment returns prior to February 2023 are based on the performance of iShares Russell 2000 ETF, which was the Portfolio's single underlying fund from the inception date to February 2023.
US Multi Cap Core ETF 529 Portfolio
Investment returns prior to February 2023 are based on the performance of iShares Russell 3000 ETF, which was the Portfolio's single underlying fund from the inception date to February 2023.
TIPS Bond ETF 529 Portfolio
Investment returns prior to February 2023 are based on the performance of iShares TIPS Bond ETF, which was the Portfolio's single underlying fund from the inception date to February 2023.

Performance data shown represents past performance and is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data shown.

Please consider the investment objectives, risks, charges and expenses carefully before investing. Contact your financial advisor or visit columbiathreadneedle.com for an Advisor Plan program description or visit futurescholar.com for a Direct Plan Program Description, which contains this and other important information about the Future Scholar 529 College Savings Plan. Read it carefully before investing. You should also consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds and protection from creditors that are only available for investments in such state's qualified tuition program.

Expense ratios are as of the plan's most recent Program Description. Performance may reflect waivers or reimbursements of fund expenses by the adviser or its affiliates. Absent these waivers, or reimbursement arrangements, performance results may be lower. The net and gross expense ratios shown are updated on the first day of each month.

Total returns assume the reinvestment of all underlying fund distributions at NAV. Portfolio net asset value (NAV) returns do not include sales charges or contingent deferred sales charges (CDSCs). If they were included, returns would have been lower.

Effective 11/10/2017, pricing alternative B shares converted to pricing alternative AG shares.

Pricing Alternative C: Public offering price (POP) returns are calculated with the effect of a 1% CDSC for the first year after purchase except for the Columbia Conservative 529 Portfolio, the Age-Based: Aggressive Track 18+, Moderate Track 16-17, Moderate Track Ages 18+, Conservative Track 14 - 15 as well as all single-fund fixed-income portfolios, which have a 0.75% CDSC

Pricing Alternative E: Units are sold only at net asset value (NAV). Only eligible investors may purchase these units. See the program description for eligibility requirements and other important information.

Pricing Alternative I: Units are sold only at net asset value (NAV). Only eligible investors may purchase these units. See the program description for eligibility requirements and other important information.

Contributions initially invested directly into the Columbia College 529 Portfolio, Age-Based: Moderate Track Ages 18+, Conservative Track 16+, Columbia Bank Deposit 529 Portfolio, Columbia Short Term Bond Portfolio and the Columbia Legacy Capital Preservation 529 Portfolio are not subject to the imposition of an initial or deferred sales charge under any Pricing Alternative. However, assets initially invested in the Columbia Bank Deposit 529 Portfolio and the Columbia Legacy Capital Preservation 529 Portfolio under Pricing Alternative A that are reallocated to another Portfolio will be subject to the initial sales charge applicable to the Portfolio to which it was allocated.

It is not possible to invest directly in an index. For index descriptions, click here.

Columbia Management Investment Distributors, Inc., member FINRA, is the distributor and underwriter for the Future Scholar 529 College Savings Plan Financial Advisor Program. The Office of State Treasurer of South Carolina (the State Treasurer) administers the program and has selected Columbia Management Investment Advisers, LLC. (CMIA) as program manager. CMIA and its affiliates are responsible for providing certain administrative, recordkeeping and investment services, and for the marketing of the program. CMIA is not affiliated with the State Treasurer.

Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg owns all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material, or guarantee the accuracy or completeness of any information herein, or make any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, shall not have any liability or responsibility for injury or damages arising in connection therewith.

Investments made in the Future Scholar 529 College Savings Plan:

The Advisor Plan is sold exclusively through financial advisors, while the Direct Plan is sold directly by the Program. Participation in the Direct Plan is limited to a select group of investors, as described in the Program Description. The Direct Plan offers a more limited selection of investment choices than the Advisor Plan, and the fees and expenses are lower. Please refer to the Program Description for more information.