New Jersey Treasury-Managed Portfolios Performance & Pricing
Return to NJBEST 529 Performance
New Jersey Treasury-Managed portfolios are closed to new investors.1
Read important information about performance results and other disclosures
Performance data shown represents past performance, which doesn't guarantee future results. A plan 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.
Nonqualified withdrawals are subject to federal income tax, a 10% federal tax penalty, state income taxes and possible penalties. Average annual total returns are net of the current Plan program management fee of 0.10% and expenses of the share classes of the underlying mutual funds in which Plan portfolios invest, currently up to 0.71% of assets, which may vary1.
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 May 31, 2021 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) | $1,698,578.21 | N/A | 41% | 59% | 0% |
| NJ Treasury-Managed Portfolio A (1904) | $1,238,413.00 | Pre-1986 | 20% | 80% | 0% |
| NJ Treasury-Managed Portfolio B (1919) | $2,715,907.83 | 1986-1989 | 21% | 79% | 0% |
| NJ Treasury-Managed Portfolio C (1905) | $13,908,185.86 | 1990-1993 | 21% | 69% | 10% |
| NJ Treasury-Managed Portfolio D (1906) | $22,913,302.65 | 1994-1997 | 23% | 66% | 11% |
| NJ Treasury-Managed Portfolio E (1907) | $141,213,775.60 | 1998-2004 | 33% | 54% | 13% |
| Total | $183,688,163.15 | ||||
NJBEST New Jersey Treasury-Managed Equity Portfolio Allocation by Sector
| Information Technology | 25.25 |
|---|---|
| Health Care | 13.53 |
| Consumer Discretionary | 12.69 |
| Financials | 11.02 |
| Communication Services | 10.26 |
| Industrials | 8.97 |
| Consumer Staples | 4.75 |
| Materials | 3.48 |
| Cash & Other Net Assets | 2.87 |
| Real Estate | 2.80 |
| Energy | 2.42 |
| Utilities | 1.95 |
Top Ten Positions
| Apple Inc. | 6.69 |
|---|---|
| Microsoft Corporation | 5.81 |
| Amazon.com, Inc. | 4.38 |
| State Street Bank and Trust Co. | 2.74 |
| JPMorgan Chase & Co. | 2.26 |
| Alphabet Inc. Class C | 2.24 |
| Facebook, Inc. Class A | 2.13 |
| Alphabet Inc. Class A | 2.04 |
| Johnson & Johnson | 1.66 |
| Berkshire Hathaway Inc. Class B | 1.57 |
Portfolios, holdings, percentages, and sector allocations are subject to change.
1. Existing investors may make additional investments to their Treasury-Managed portfolios; however, these portfolios are closed to new investors.
Investors should carefully consider plan investment goals, risks, charges and expenses before investing. To obtain a disclosure document, which contains this and other information, contact the New Jersey Higher Education Student Assistance Authority (HESAA) at 609-584-4480. You should read the disclosure document 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.
This material is not a recommendation of any particular security, is not based on any particular financial situation or need, and is not intended to replace the advice of a qualified attorney, tax professional, investment professional or insurance agent. Before making any financial commitment regarding a Section 529 college savings plan, consult with the appropriate financial professional.
