JLIIX Fees and Costs — Multimanager 2040 Lifetime Portfolio, Class R6
Data updated: 2026-07-27
The net expense ratio is 0.58% (0.90% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 17%.
JLIIX Fees and Expenses
Annual operating expenses and sales charges of JLIIX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.58% |
| 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 |
JLIIX Costs Over Time
On $10,000 invested in JLIIX, assuming 5% a year before costs, total costs come to $367 over 5 years, cutting the return by 0.61% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $201 | $367 |
| Value after costs | $10,439 | $11,375 | $12,396 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
JLIIX 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): 0.0015%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $53.8M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
JLIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $12K | 81.89% |
| Virtu Americas LLC | $3K | 18.11% |
JLIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $29.6M | 54.94% |
| Citadel Securities LLC | $7.0M | 13.05% |
| Citigroup Global Markets Holdings Inc. | $5.7M | 10.60% |
| Barclays Bank PLC | $3.6M | 6.60% |
| Morgan Stanley & Co. LLC | $2.5M | 4.67% |
| Bank of Montreal | $2.1M | 3.96% |
| Deutsche Bank AG | $1.7M | 3.24% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $865K | 1.61% |
| BNP Paribas | $721K | 1.34% |
Multimanager 2040 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 |
|---|---|---|---|
| JLIIX | Class R6 | 0.58% | none |
| JLIHX | Class R5 | 0.63% | none |
| JLIOX | Class 1 | 0.63% | — |
| JHRDX | Class I | 0.70% | none |
| JLIGX | Class R4 | 0.83% | none |
| JLIAX | Class A | 1.00% | 5.00% |
| JLIEX | 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.