JLHFX Fees and Costs — Multimanager 2035 Lifetime Portfolio, Class R3
Data updated: 2026-07-27
The net expense ratio is 1.25% (1.58% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 16%.
JLHFX Fees and Expenses
Annual operating expenses and sales charges of JLHFX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
JLHFX Costs Over Time
On $10,000 invested in JLHFX, assuming 5% a year before costs, total costs come to $779 over 5 years, cutting the return by 1.31% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $131 | $429 | $779 |
| Value after costs | $10,369 | $11,147 | $11,984 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
JLHFX 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): 0.0012%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $66.6M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
JLHFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $10K | 81.95% |
| Virtu Americas LLC | $2K | 18.05% |
JLHFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $29.3M | 43.96% |
| Citadel Securities LLC | $11.1M | 16.69% |
| Citigroup Global Markets Holdings Inc. | $8.2M | 12.30% |
| Barclays Bank PLC | $4.8M | 7.26% |
| Morgan Stanley & Co. LLC | $4.7M | 7.02% |
| Bank of Montreal | $3.9M | 5.82% |
| Deutsche Bank AG | $2.5M | 3.73% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.2M | 1.86% |
| BNP Paribas | $907K | 1.36% |
Multimanager 2035 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 |
|---|---|---|---|
| JLHIX | Class R6 | 0.59% | none |
| JLHHX | Class R5 | 0.64% | none |
| JLHOX | Class 1 | 0.64% | — |
| JHRMX | Class I | 0.70% | none |
| JLHGX | Class R4 | 0.84% | none |
| JLHAX | Class A | 1.00% | 5.00% |
| JLHEX | Class R2 | 1.09% | none |
| JLHFX | Class R3 | 1.25% | — |
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.