JLDEX Fees and Costs — Multimanager 2020 Lifetime Portfolio, Class R2
Data updated: 2026-07-27
The net expense ratio is 1.05% (1.42% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 19%.
JLDEX Fees and Expenses
Annual operating expenses and sales charges of JLDEX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.05% |
| 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 |
JLDEX Costs Over Time
On $10,000 invested in JLDEX, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% 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 |
| Fund expenses (net expense ratio 1.05%) | $110 | $344 | $596 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,215 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
JLDEX 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): $36.1M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
JLDEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $8.0M | 22.08% |
| State Street Global Markets, LLC | $6.2M | 17.15% |
| Bank of Montreal | $6.1M | 16.92% |
| Citigroup Global Markets Holdings Inc. | $4.8M | 13.35% |
| Morgan Stanley & Co. LLC | $3.4M | 9.31% |
| Deutsche Bank AG | $2.7M | 7.56% |
| Barclays Bank PLC | $2.7M | 7.40% |
| BNP Paribas | $1.2M | 3.37% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.0M | 2.86% |
Multimanager 2020 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 |
|---|---|---|---|
| JLDIX | Class R6 | 0.55% | none |
| JLDOX | Class 1 | 0.59% | — |
| JLDHX | Class R5 | 0.60% | none |
| JHRVX | Class I | 0.66% | none |
| JLDGX | Class R4 | 0.80% | none |
| JLDAX | Class A | 0.96% | 5.00% |
| JLDEX | Class R2 | 1.05% | 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.