JLFAX Fees and Costs — Multimanager 2030 Lifetime Portfolio, Class A
Data updated: 2026-07-27
The net expense ratio is 0.99% (1.30% 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 $10K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 17%.
JLFAX Fees and Expenses
Annual operating expenses and sales charges of JLFAX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.31% |
| 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 |
JLFAX Costs Over Time
On $10,000 invested in JLFAX, assuming 5% a year before costs, total costs come to $1,227 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 | $0 | $0 |
| Lost growth on money paid in costs | $25 | $94 | $192 |
| Total costs | $723 | $903 | $1,227 |
| Value after costs | $9,777 | $10,674 | $11,536 |
| Impact on return, per year | 7.23% | 2.80% | 2.10% |
JLFAX 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): 0.0009%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $86.5M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
JLFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $8K | 82.89% |
| Virtu Americas LLC | $2K | 17.11% |
JLFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $28.6M | 33.05% |
| Citadel Securities LLC | $16.5M | 19.06% |
| Citigroup Global Markets Holdings Inc. | $9.9M | 11.39% |
| Bank of Montreal | $8.0M | 9.25% |
| Morgan Stanley & Co. LLC | $7.1M | 8.21% |
| Barclays Bank PLC | $6.3M | 7.24% |
| Deutsche Bank AG | $4.6M | 5.35% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3.5M | 4.01% |
| BNP Paribas | $2.1M | 2.43% |
Multimanager 2030 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 |
|---|---|---|---|
| JLFIX | Class R6 | 0.58% | none |
| JLFOX | Class 1 | 0.62% | — |
| JLFHX | Class R5 | 0.63% | none |
| JHRGX | Class I | 0.69% | none |
| JLFGX | Class R4 | 0.83% | none |
| JLFAX | Class A | 0.99% | 5.00% |
| JLFEX | 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.