JAAWX Fees and Costs — Multimanager 2065 Lifetime Portfolio, Class A
Data updated: 2026-07-27
The net expense ratio is 0.99% (1.55% before fee waivers). This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0023% of average net assets, and portfolio turnover was 23%.
JAAWX Fees and Expenses
Annual operating expenses and sales charges of JAAWX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.56% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JAAWX Costs Over Time
On $10,000 invested in JAAWX, assuming 5% a year before costs, total costs come to $1,228 over 5 years, cutting the return by 2.10% 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 |
| Sales charges | $599 | $500 | $500 |
| Fund expenses (net expense ratio 0.99%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $25 | $94 | $192 |
| Total costs | $723 | $903 | $1,228 |
| Value after costs | $9,777 | $10,673 | $11,535 |
| Impact on return, per year | 7.23% | 2.80% | 2.10% |
JAAWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0023%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $7.3M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
JAAWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $2K | 75.23% |
| Virtu Americas LLC | $639 | 24.77% |
JAAWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $6.2M | 84.79% |
| Citadel Securities LLC | $337K | 4.59% |
| Barclays Bank PLC | $310K | 4.22% |
| Citigroup Global Markets Holdings Inc. | $207K | 2.82% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $71K | 0.97% |
| Bank of Montreal | $60K | 0.81% |
| BNP Paribas | $56K | 0.77% |
| Morgan Stanley & Co. LLC | $49K | 0.67% |
| Deutsche Bank AG | $26K | 0.36% |
Multimanager 2065 Lifetime Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JABEX | Class R6 | 0.58% | none |
| JAAVX | Class 1 | 0.63% | — |
| JABDX | Class R5 | 0.63% | none |
| JABSX | Class I | 0.69% | none |
| JABBX | Class R4 | 0.83% | none |
| JAAWX | Class A | 0.99% | 5.00% |
| JAAZX | Class R2 | 1.08% | none |
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.