JLBAX Fees and Costs — Multimanager 2015 Lifetime Portfolio, Class A
Data updated: 2026-07-27
The net expense ratio is 0.94% (1.39% 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%. Portfolio turnover was 19%.
JLBAX Fees and Expenses
Annual operating expenses and sales charges of JLBAX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.45% |
| Net expense ratio | 0.94% |
| 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 |
JLBAX Costs Over Time
On $10,000 invested in JLBAX, assuming 5% a year before costs, total costs come to $1,197 over 5 years, cutting the return by 2.05% 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 |
| Sales charges | $599 | $500 | $500 |
| Fund expenses (net expense ratio 0.94%) | $94 | $293 | $508 |
| Lost growth on money paid in costs | $25 | $93 | $189 |
| Total costs | $718 | $886 | $1,197 |
| Value after costs | $9,782 | $10,690 | $11,565 |
| Impact on return, per year | 7.18% | 2.75% | 2.05% |
JLBAX 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): $14.4M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
JLBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $3.5M | 24.36% |
| Bank of Montreal | $2.9M | 20.21% |
| Citigroup Global Markets Holdings Inc. | $2.1M | 14.93% |
| State Street Global Markets, LLC | $1.5M | 10.38% |
| Morgan Stanley & Co. LLC | $1.5M | 10.27% |
| Deutsche Bank AG | $1.3M | 9.05% |
| Barclays Bank PLC | $1.2M | 8.17% |
| BNP Paribas | $284K | 1.97% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $95K | 0.66% |
Multimanager 2015 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 |
|---|---|---|---|
| JLBJX | Class R6 | 0.53% | none |
| JLBOX | Class 1 | 0.57% | — |
| JLBHX | Class R5 | 0.58% | none |
| JHREX | Class I | 0.64% | none |
| JLBGX | Class R4 | 0.78% | none |
| JLBAX | Class A | 0.94% | 5.00% |
| JLBKX | Class R2 | 1.03% | 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.