Investment Composition
The NJBEST Trust includes six portfolios managed by the State of New Jersey, Department of the Treasury, Division of Investment. All NJBEST accounts opened between July 1, 2000 and March 14, 2003 are invested in one of the age-sensitive portfolios, based on beneficiaries year of birth. These portfolios have been closed to new investors 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.
NJBEST Treasury-Managed Portfolios
| Total Market Value ($000's) | Year of Birth of Beneficiary | Equity Allocation | Money Market/Cash Allocation | Aggregate Allocation | Fixed Income Allocation | |
|---|---|---|---|---|---|---|
| New Jersey Treasury-managed Better Educational Savings Portfolio (537) | $1,535,749 | N/A | 41% | 27% | 16% | 16% |
| NJ Treasury-Managed Portfolio A (1904) | $1,165,789 | Pre-1986 | 10% | 30% | 30% | 30% |
| NJ Treasury-Managed Portfolio B (1919) | $2,609,235 | 1986-1989 | 10% | 30% | 30% | 30% |
| NJ Treasury-Managed Portfolio C (1905) | $11,320,431 | 1990-1993 | 10% | 30% | 30% | 30% |
| NJ Treasury-Managed Portfolio D (1906) | $15,974,480 | 1994-1997 | 10% | 29% | 31% | 30% |
| NJ Treasury-Managed Portfolio E (1907) | $58,820,033 | 1998-2004 | 10% | 29% | 31% | 30% |
| Total | $91,425,718 | |||||
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 expenses of the underlying mutual funds in which Plan portfolios invest, currently up to 0.40% of assets, which may vary.1
Portfolios, 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.
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.