NEXT
General Information
NJBEST 529 College Savings Plan
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.
Our Ratingix
Fee Scoreix
4.5 of 5
Performanceix
3 of 5
- Program typeSavings
- Inception1998
- State agencyNew Jersey Higher Education Student Assistance Authority (HESAA)
- Tax deduction
- Program ManagerFranklin Templeton Distributors, Inc.
- Program distributorFranklin Templeton Distributors, Inc.
Investors in NJBEST 529 College Savings Plan can select from the following investment options. Click on a portfolio name for more information.
Use the form below to filter through the investment options in this plan
Child age
Max Expense Ratio:2.5%
Age Based Investment Options
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.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Franklin Conservative Allocation Age 5-8 Years 529 Portfolio | 0.62% | 36.86% | -1.88% | N/A |
| Franklin Conservative Allocation Age 11-12 Years 529 Portfolio | 0.58% | 12.13% | 1.39% | N/A |
| Franklin Conservative Allocation Age 15-16 Years 529 Portfolio | 0.54% | 0% | 2.49% | N/A |
| Franklin Conservative Allocation Age 19+ Years 529 Portfolio | 0.48% | 0% | 1.79% | N/A |
| Franklin Growth Allocation Age 5-8 Years 529 Portfolio | 0.73% | 86.03% | -9.23% | N/A |
| Franklin Growth Allocation Age 11-12 Years 529 Portfolio | 0.67% | 60.85% | -5.63% | N/A |
| Franklin Growth Allocation Age 15-16 Years 529 Portfolio | 0.62% | 35.69% | -1.88% | N/A |
| Franklin Growth Allocation Age 19+ Years 529 Portfolio | 0.58% | 11.25% | 1.59% | N/A |
| Franklin Moderate Allocation Age 5-8 Years 529 Portfolio | 0.67% | 60.73% | -5.54% | N/A |
| Franklin Moderate Allocation Age 11-12 Years 529 Portfolio | 0.62% | 35.35% | -1.78% | N/A |
| Franklin Moderate Allocation Age 15-16 Years 529 Portfolio | 0.58% | 11.19% | 1.49% | N/A |
| Franklin Moderate Allocation Age 19+ Years 529 Portfolio | 0.54% | 0% | 2.48% | N/A |
| Franklin Growth Allocation Age Newborn-4 (originally 0-8) Years 529 Portfolio | 0.74% | 99.87% | -11.48% | 5 of 55 |
| Franklin Growth Allocation Age 9-10 (originally 9-12) Years 529 Portfolio | 0.69% | 73.38% | -7.31% | 27 of 46 |
| Franklin Growth Allocation Age 13-14 (originally 13-16) Years 529 Portfolio | 0.65% | 48.03% | -3.66% | 4 of 46 |
| Franklin Growth Allocation Age 17-18 (originally 17+) Years 529 Portfolio | 0.6% | 23.38% | N/A | 12 of 78 |
| Franklin Moderate Allocation Age Newborn-4 (originally 0-8) Years 529 Portfolio | 0.69% | 73.28% | -7.54% | 18 of 72 |
| Franklin Conservative Allocation Age Newborn- 4 (originally 0-8) Years 529 Portfolio | 0.65% | 47.9% | -3.8% | 4 of 72 |
| Franklin Moderate Allocation Age 13-14 (originally 13-16) Years 529 Portfolio | 0.6% | 23.19% | -0.07% | 34 of 78 |
| Franklin Moderate Allocation Age 17-18 (originally 17+) Years 529 Portfolio | 0.59% | 0% | 2.68% | 76 of 80 |
| Franklin Moderate Allocation Age 9-10 (originally 9-12) Years 529 Portfolio | 0.65% | 47.83% | -3.69% | 2 of 46 |
| Franklin Conservative Allocation Age 13-14 (originally 13-16) Years 529 Portfolio | 0.59% | 0% | 2.69% | 11 of 78 |
| Franklin Conservative Allocation Age 17-18 (originally 17+) Years 529 Portfolio | 0.51% | 0% | 2.16% | 66 of 80 |
| Franklin Conservative Allocation Age 9-10 (originally 9-12)Years 529 Portfolio | 0.6% | 25.04% | 0.07% | 36 of 78 |
Static Investment Options
This refers to an investment option that is not programmed to change over time. The individual fund portfolio and multi-fund portfolio described below are static options. So are many portfolios that do not use mutual funds, such as stable-value options, guaranteed options, CD options, etc.
| Portfolio | E.R.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Franklin Corefolio 529 Portfolio | 0.81% | 100.24% | -10.83% | 88 of 235 |
| Franklin Growth Allocation 529 Portfolio | 0.74% | 99.91% | -11.21% | 90 of 235 |
| Franklin Growth & Income Allocation 529 Portfolio | 0.65% | 48.03% | -3.59% | 4 of 52 |
| Franklin Income Allocation 529 Portfolio | 0.59% | 0% | 2.7% | 43 of 70 |
Individual Investment Options
Sometimes called a single-fund option, this is a portfolio invested in a single mutual fund. Often the name of the 529 portfolio is very similar to the name of the underlying mutual fund. A large number of broker-sold 529s offer an extensive line-up of individual fund options, while a smaller number of direct-sold 529s offer them.
| Portfolio | E.R.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| S&P 500 Index 529 Portfolio | 0.14% | 100% | -7.1% | 28 of 235 |
| Franklin U.S. Government Money 529 Portfolio | 0.35% | 0% | 1.96% | 12 of 68 |
Use the form below to filter through the investment options in this plan