New Jersey Better Educational Savings Trust
The New Jersey Better Educational Savings Trust (NJBEST) is New Jersey’s state-sponsored 529 college savings plan, managed by the New Jersey Higher Education Student Assistance Authority (HESAA) and the Division of Investment. Based in Trenton, New Jersey, it serves state residents by helping families save for higher education costs with tax-advantaged accounts. Founded in the late 1990s, it is a government-administered program designed for individuals saving for college, with oversight from state agencies and investment partners.
Investment Strategy
NJBEST’s investment strategy centers on offering a range of investment options, including age-based and static portfolios, tailored to saving for future qualified higher education expenses. Investments are managed by professionals in accordance with prudent investment standards, focusing on long-term growth by utilizing a mix of equities, fixed income, and other assets. The program is designed to minimize fees and maximize after-tax returns for plan beneficiaries, aligning the risk profile to the age of the beneficiaries as they approach college.
Top Holdings
Equity Positions (8)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
U USIG | ISHARES TR | 92.32% | $36.0M | 698,945 | $49.82 | $51.44 | +$251.6K |
M MSFT | MICROSOFT CORP | 1.69% | $657.6K | 1,322 | $48.11 | $497.41 | -$1.1M |
N NVDA | NVIDIA CORPORATION | 1.59% | $617.4K | 3,908 | $4.28 | $157.99 | -$891.5K |
A AAPL | APPLE INC | 1.47% | $572.2K | 2,789 | $21.77 | $205.17 | -$1.6M |
A AMZN | AMAZON COM INC | 0.93% | $360.7K | 1,644 | $46.64 | $219.39 | -$753.9K |