JLAEX Fees and Costs — Multimanager 2010 Lifetime Portfolio, Class R2
Data updated: 2026-07-27
The net expense ratio is 1.00% (1.52% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 24%.
JLAEX Fees and Expenses
Annual operating expenses and sales charges of JLAEX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.52% |
| Fee waiver | −0.52% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JLAEX Costs Over Time
On $10,000 invested in JLAEX, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% 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 1.00%) | $105 | $328 | $568 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
JLAEX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $13.4M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
JLAEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $2.9M | 21.99% |
| Citadel Securities LLC | $2.8M | 21.13% |
| Bank of Montreal | $2.4M | 18.15% |
| Citigroup Global Markets Holdings Inc. | $1.6M | 11.85% |
| Deutsche Bank AG | $1.1M | 8.59% |
| Morgan Stanley & Co. LLC | $1.1M | 8.40% |
| Barclays Bank PLC | $971K | 7.27% |
| BNP Paribas | $291K | 2.18% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $60K | 0.45% |
Multimanager 2010 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 |
|---|---|---|---|
| JLAIX | Class R6 | 0.50% | none |
| JLAHX | Class R5 | 0.55% | none |
| JLAOX | Class 1 | 0.55% | — |
| JHRLX | Class I | 0.62% | none |
| JLAGX | Class R4 | 0.76% | — |
| JLAAX | Class A | 0.91% | 5.00% |
| JLAEX | Class R2 | 1.00% | 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.