JLKFX Fees and Costs — Multimanager 2050 Lifetime Portfolio, Class R3
Data updated: 2026-07-27
The net expense ratio is 1.26% (1.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 19%.
JLKFX Fees and Expenses
Annual operating expenses and sales charges of JLKFX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.35% |
| Net expense ratio | 1.26% |
| 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 |
JLKFX Costs Over Time
On $10,000 invested in JLKFX, assuming 5% a year before costs, total costs come to $785 over 5 years, cutting the return by 1.33% 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 1.26%) | $132 | $412 | $712 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $133 | $433 | $785 |
| Value after costs | $10,367 | $11,143 | $11,977 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
JLKFX 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): 0.0021%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $34.5M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
JLKFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $10K | 78.96% |
| Virtu Americas LLC | $3K | 21.04% |
JLKFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $27.8M | 80.73% |
| Citadel Securities LLC | $2.2M | 6.27% |
| Citigroup Global Markets Holdings Inc. | $1.7M | 4.89% |
| Barclays Bank PLC | $1.3M | 3.91% |
| Bank of Montreal | $486K | 1.41% |
| Morgan Stanley & Co. LLC | $404K | 1.17% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $307K | 0.89% |
| Deutsche Bank AG | $161K | 0.47% |
| BNP Paribas | $90K | 0.26% |
Multimanager 2050 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 |
|---|---|---|---|
| JLKRX | Class R6 | 0.60% | none |
| JLKHX | Class R5 | 0.65% | none |
| JLKOX | Class 1 | 0.65% | — |
| JHRPX | Class I | 0.71% | none |
| JLKGX | Class R4 | 0.85% | none |
| JLKAX | Class A | 1.01% | 5.00% |
| JLKEX | Class R2 | 1.10% | none |
| JLKFX | Class R3 | 1.26% | — |
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.