JLEEX Fees and Costs — Multimanager 2025 Lifetime Portfolio, Class R2
Data updated: 2026-07-27
The net expense ratio is 1.06% (1.40% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 17%.
JLEEX Fees and Expenses
Annual operating expenses and sales charges of JLEEX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.06% |
| 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 |
JLEEX Costs Over Time
On $10,000 invested in JLEEX, assuming 5% a year before costs, total costs come to $663 over 5 years, cutting the return by 1.11% 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 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $663 |
| Value after costs | $10,389 | $11,212 | $12,100 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
JLEEX 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): 0.0007%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $69.4M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
JLEEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $4K | 77.68% |
| Virtu Americas LLC | $1K | 22.32% |
JLEEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $20.3M | 29.27% |
| Citadel Securities LLC | $13.7M | 19.74% |
| Citigroup Global Markets Holdings Inc. | $9.4M | 13.46% |
| Bank of Montreal | $8.7M | 12.57% |
| Morgan Stanley & Co. LLC | $5.7M | 8.16% |
| Barclays Bank PLC | $4.7M | 6.71% |
| Deutsche Bank AG | $4.2M | 6.01% |
| BNP Paribas | $1.9M | 2.80% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $891K | 1.28% |
Multimanager 2025 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 |
|---|---|---|---|
| JLEIX | Class R6 | 0.56% | none |
| JLEHX | Class R5 | 0.61% | none |
| JLEOX | Class 1 | 0.61% | — |
| JHRNX | Class I | 0.68% | none |
| JLEGX | Class R4 | 0.81% | none |
| JLEAX | Class A | 0.98% | 5.00% |
| JLEEX | Class R2 | 1.06% | 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.