Return to NJBEST 529 Performance
New Jersey Treasury-Managed portfolios are closed to new investors.1
Nonqualified withdrawals are subject to federal income tax, a 10% federal tax penalty, and state income taxes and possible penalties. The table below shows total returns for New Jersey Treasury-Managed portfolios. Ongoing market volatility can dramatically impact short-term returns.
Performance data quoted represents past performance, which doesn't guarantee future results. The portfolio's investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Please refer to the section below for most recent month-end performance.
Investors should carefully consider plan investment goals, risks, charges and expenses before investing. To obtain the Investor Handbook, which contains this and other information, call Franklin Templeton Distributors, Inc., the manager and underwriter for the plan, at (877) 4NJ-BEST. You should read the Investor Handbook carefully before investing and consider whether your or the 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 its qualified tuition program.
|Portfolio||Total Annual Operating Expenses||1-Year||5-Year||10-Year||Year to Date||Since Inception|
|NJ Treasury-Managed Trust A||0.40||2.09||3.80||3.10||1.08||3.42|
|NJ Treasury-Managed Trust B||0.40||3.84||6.01||4.50||1.28||4.15|
|NJ Treasury-Managed Trust C||0.40||4.67||5.63||5.15||1.66||4.71|
|NJ Treasury-Managed Trust D||0.40||6.84||5.95||5.48||2.30||5.20|
|NJ Treasury-Managed Trust E||0.40||6.65||7.12||5.92||2.25||5.16|
|NJ Treasury-Managed NJ Better Educational Savings||0.40||7.74||7.22||4.20||2.59||4.66|
Investment Composition of the NJBEST New Jersey Treasury-Managed Portfolios
This section provides more information about the investment composition of NJBEST New Jersey Treasury-Managed portfolios. You can also access more detailed information about the fixed income and equity securities held within the NJBEST New Jersey Treasury-Managed portfolios below.
The NJBEST Trust includes of six different portfolios managed by the State of New Jersey, Department of the Treasury, Division of Investment ("New Jersey Treasury"). The portfolio called "NJ Better Educational Savings Trust" (Trust Number 537) is available only to NJBEST accounts opened prior to July 1, 2000. All accounts opened between July 1, 2000 and March 14, 2003 are invested in one of the age-sensitive portfolios, based on the year of birth of the plan beneficiary. The New Jersey Treasury-managed portfolios have been closed to new accounts since March 17, 2003, although deposits can still be made to existing accounts.
The age-sensitive portfolios have different allocations between common stocks and bonds, depending on the number of years until the beneficiaries are expected to reach college age. A summary of the different portfolios as of March 31, 2017 is presented below.
NJBEST Treasury-Managed Portfolios
|Total Market Value ($000's)||Year of Birth of Beneficiary||Equity Allocation||Money Market/Cash Allocation||Fixed Income Allocation|
|New Jersey Treasury-managed Better Educational Savings Portfolio (537)||$4,561||N/A||41.0%||59.0%||0.0%|
|NJ Treasury-Managed Portfolio A (1904)||$1,017||Pre-1986||20.4%||79.6%||0.0%|
|NJ Treasury-Managed Portfolio B (1919)||$3,525||1986-1989||20.4%||79.6%||0.0%|
|NJ Treasury-Managed Portfolio C (1905)||$19,606||1990-1993||20.6%||67.9%||11.4%|
|NJ Treasury-Managed Portfolio D (1906)||$70,052||1994-1997||25.8%||58.8%||15.3%|
|NJ Treasury-Managed Portfolio E (1907)||$255,364||1998-2004||35.6%||57.2%||7.2%|
All common stocks for the NJBEST New Jersey Treasury-managed portfolios are maintained in one managed equity portfolio, with each portfolio owning a portion of that portfolio based on its target equity ratio. This allows the New Jersey Treasury to provide each portfolio with diversification and to reduce the costs of managing the program.
The information presented below applies to the NJBEST New Jersey Treasury-managed Equity Portfolio as of March 31, 2017.
- Average Market Capitalization: $154.2 billion
- Average Dividend Yield: 1.69%
- Average Price/Earnings Ratio (Trailing Earnings): 22.2
- Average Price/Book Value: 2.3
NJBEST New Jersey Treasury-Managed Equity Portfolio Allocation by Sector
*Includes: Materials; Telecommunications Services and Utilities
Top Ten Positions
|Issuer||% of Portfolio|
|Alphabet Inc. Class C||3.18|
|Facebook, Inc. Class A||2.97|
|Exxon Mobil Corporation||2.29|
|JPMorgan Chase & Co.||2.15|
|Johnson & Johnson||2.06|
|Bank of America Corporation||2.06|
|Wells Fargo & Company||1.46|
Portfolio holdings, percentages, and sector allocations are subject to change.
- Existing investors may make additional investments to their Treasury-Managed portfolios; however, these portfolios are closed to new investors.