New Jersey Treasury-Managed Portfolios | NJBEST

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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 July 31, 2019 is presented below.

NJBEST Treasury-Managed Portfolios

 Total Market Value ($000's)Year of Birth of BeneficiaryEquity AllocationMoney Market/Cash AllocationFixed Income Allocation
New Jersey Treasury-managed Better Educational Savings Portfolio (537) $2,978,664.24 N/A 59% 40% 1%
NJ Treasury-Managed Portfolio A (1904) $969,319.22 Pre-1986 80% 20% 0%
NJ Treasury-Managed Portfolio B (1919) $2,652,302.00 1986-1989 78% 22% 0%
NJ Treasury-Managed Portfolio C (1905) $15,251,423.90 1990-1993 71% 21% 8%
NJ Treasury-Managed Portfolio D (1906) $31,868,783.18 1994-1997 67% 25% 8%
NJ Treasury-Managed Portfolio E (1907) $197,589,402.35 1998-2004 56% 35% 9%
Total $251,309,894.89

NJBEST New Jersey Treasury-Managed Equity Portfolio Allocation by Sector

Communication Services 15.30%
Consumer Discretionary 8.03%
Consumer Staples 6.22%
Energy 6.61%
Financials 13.85%
Health Care 13.74%
Industrials 9.71%
Information Technology 20.81%
Materials 2.23
Real Estate 0.80
Utilities 2.70

Top Ten Positions

Microsoft Corporation 4.64%
Amazon.com, Inc. 4.09%
Apple Inc. 3.89%
Alphabet Inc. Class C 3.40%
AT&T Inc. 2.65%
Facebook, Inc. Class A 2.36%
JPMorgan Chase & Co. 2.12%
Bank of America Corp 1.94%
Berkshire Hathaway Inc. Class B 1.87%
Exxon Mobil Corporation 1.36%