JAALX Fees and Costs — Multi-Index 2065 Preservation Portfolio, Class 1
Data updated: 2023-07-27
The net expense ratio is 0.42% (1.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0083% of average net assets, and portfolio turnover was 96%.
JAALX Fees and Expenses
Annual operating expenses and sales charges of JAALX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.95% |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JAALX Costs Over Time
On $10,000 invested in JAALX, assuming 5% a year before costs, total costs come to $271 over 5 years, cutting the return by 0.45% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $148 | $271 |
| Value after costs | $10,455 | $11,428 | $12,492 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
JAALX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0083%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $9.3M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $264K
- Net income from securities lending: $6 (0.000% of average net assets)
JAALX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 68.18% |
| Pershing LLC | $475 | 31.61% |
| Goldman Sachs & Co. LLC | $3 | 0.21% |
JAALX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $6.7M | 72.69% |
| Citigroup Global Markets Holdings Inc. | $623K | 6.74% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $579K | 6.27% |
| Deutsche Bank AG | $395K | 4.27% |
| J.P. Morgan Securities LLC | $216K | 2.34% |
| Barclays Bank PLC | $189K | 2.05% |
| Goldman Sachs & Co. LLC | $189K | 2.04% |
| Bank of Montreal | $161K | 1.74% |
| Morgan Stanley & Co. LLC | $154K | 1.66% |
| Nomura Holdings, Inc. | $19K | 0.20% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.