New Jersey's NJBEST 529 College Savings Plan is managed by Franklin Templeton and features age-based and static portfolio options utilizing mutual funds and/or ETFs along with a money market option.

Fee Score

4 / 5

Performance

2.5 / 5

Program type
Savings
Inception
1998
State agency
New Jersey Higher Education Student Assistance Authority (HESAA)
Tax deduction
Program Manager
Franklin Distributors, Inc.
Program distributor
Franklin Distributors, Inc.

Plan Details

Investment Options

Investors in NJBEST 529 College Savings Plan can select from the following investment options. Click on a portfolio name for more information.

Child Age

Performance

Max Expense Ratio:

2.5%

Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.

Portfolio	E.R.	% Equity	1YR Performance
Franklin Conservative Allocation Age 5-6 Years 529 Portfolio	0.31%	51.04%	-16.14%
Franklin Conservative Allocation Age 11-12 Years 529 Portfolio	0.31%	41.76%	-13.56%
Franklin Conservative Allocation Age 15-16 Years 529 Portfolio	0.31%	32.48%	-9.9%
Franklin Conservative Allocation Age 19+ Years 529 Portfolio	0.3%	4.64%	-5.05%
Franklin Growth Allocation Age 5-6 Years 529 Portfolio	0.29%	88.16%	-21.14%
Franklin Growth Allocation Age 11-12 Years 529 Portfolio	0.31%	60.32%	-18.86%
Franklin Growth Allocation Age 15-16 Years 529 Portfolio	0.31%	41.76%	-16.06%
Franklin Growth Allocation Age 19+ Years 529 Portfolio	0.31%	14.92%	-13.07%
Franklin Moderate Allocation Age 5-6 Years 529 Portfolio	0.3%	69.6%	-18.73%
Franklin Moderate Allocation Age 11-12 Years 529 Portfolio	0.31%	55.68%	-16.29%
Franklin Moderate Allocation Age 15-16 Years 529 Portfolio	0.31%	37.12%	-13.54%
Franklin Moderate Allocation Age 19+ Years 529 Portfolio	0.3%	9.28%	-9.4%
Franklin Conservative Allocation Age 7-8 Years 529 Portfolio	0.31%	51.04%	N/A
Franklin Growth Allocation Age 18 Years 529 Portfolio	0.31%	23.2%	N/A
Franklin Conservative Allocation Age 18 Years 529 Portfolio	0.3%	13.92%	N/A
Franklin Growth Allocation Age 7-8 Years 529 Portfolio	0.3%	78.88%	N/A
Franklin Moderate Allocation Age 7-8 Years 529 Portfolio	0.3%	69.6%	N/A
Franklin Moderate Allocation Age 18 Years 529 Portfolio	0.3%	18.56%	N/A
Franklin Growth Allocation Age Newborn-4 (originally 0-8) Years 529 Portfolio	0.29%	92.8%	-22.51%
Franklin Growth Allocation Age 9-10 (originally 9-12) Years 529 Portfolio	0.3%	69.6%	-20.22%
Franklin Growth Allocation Age 13-14 (originally 13-16) Years 529 Portfolio	0.31%	51.04%	-17.39%
Franklin Growth Allocation Age 17 Years 529 Portfolio	0.32%	32.48%	-14.75%
Franklin Moderate Allocation Age Newborn-4 (originally 0-8) Years 529 Portfolio	0.3%	74.24%	-20.28%
Franklin Conservative Allocation Age Newborn- 4 (originally 0-8) Years 529 Portfolio	0.31%	55.68%	-7.35%
Franklin Moderate Allocation Age 13-14 (originally 13-16) Years 529 Portfolio	0.31%	46.4%	-14.79%
Franklin Moderate Allocation Age 17 Years 529 Portfolio	0.3%	27.84%	-11.75%
Franklin Moderate Allocation Age 9-10 (originally 9-12) Years 529 Portfolio	0.31%	60.32%	-17.65%
Franklin Conservative Allocation Age 13-14 (originally 13-16) Years 529 Portfolio	0.31%	37.12%	-12.25%
Franklin Conservative Allocation Age 17 Years 529 Portfolio	0.3%	23.2%	-7.35%
Franklin Conservative Allocation Age 9-10 (originally 9-12)Years 529 Portfolio	0.32%	46.4%	-14.99%

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NJBEST 529 College Savings Plan

Investment Options