JLJEX Fees and Costs — Multimanager 2045 Lifetime Portfolio, Class R2
Data updated: 2026-07-27
The net expense ratio is 1.09% (1.41% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 16%.
JLJEX Fees and Expenses
Annual operating expenses and sales charges of JLJEX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.09% |
| 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 |
JLJEX Costs Over Time
On $10,000 invested in JLJEX, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $682 |
| Value after costs | $10,385 | $11,201 | $12,081 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
JLJEX 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): 0.0018%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $57.3M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
JLJEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $14K | 82.29% |
| Virtu Americas LLC | $3K | 17.71% |
JLJEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $39.4M | 68.80% |
| Citadel Securities LLC | $5.2M | 9.00% |
| Citigroup Global Markets Holdings Inc. | $4.1M | 7.21% |
| Barclays Bank PLC | $2.8M | 4.81% |
| Morgan Stanley & Co. LLC | $1.8M | 3.12% |
| Bank of Montreal | $1.6M | 2.80% |
| Deutsche Bank AG | $1.3M | 2.28% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $612K | 1.07% |
| BNP Paribas | $514K | 0.90% |
Multimanager 2045 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 |
|---|---|---|---|
| JLJIX | Class R6 | 0.59% | none |
| JLJOX | Class 1 | 0.63% | — |
| JLJHX | Class R5 | 0.64% | none |
| JHROX | Class I | 0.70% | none |
| JLJGX | Class R4 | 0.84% | none |
| JLJAX | Class A | 1.00% | 5.00% |
| JLJEX | Class R2 | 1.09% | 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.