JLKSX Fees and Costs — Multimanager 2055 Lifetime Portfolio, Class R5
Data updated: 2026-07-27
The net expense ratio is 0.65% (0.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 22%.
JLKSX Fees and Expenses
Annual operating expenses and sales charges of JLKSX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.65% |
| 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 |
JLKSX Costs Over Time
On $10,000 invested in JLKSX, assuming 5% a year before costs, total costs come to $411 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $68 | $225 | $411 |
| Value after costs | $10,432 | $11,351 | $12,352 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
JLKSX 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: $9K
- Bought from dealers (principal trades, not a cost): $24.9M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
JLKSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co | $7K | 80.39% |
| Virtu Americas LLC | $2K | 19.61% |
JLKSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $20.3M | 81.67% |
| Citadel Securities LLC | $1.5M | 5.87% |
| Citigroup Global Markets Holdings Inc. | $1.2M | 4.87% |
| Barclays Bank PLC | $926K | 3.72% |
| Bank of Montreal | $336K | 1.35% |
| Morgan Stanley & Co. LLC | $274K | 1.10% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $174K | 0.70% |
| Deutsche Bank AG | $112K | 0.45% |
| BNP Paribas | $68K | 0.27% |
Multimanager 2055 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 |
|---|---|---|---|
| JLKTX | Class R6 | 0.60% | none |
| JLKUX | Class 1 | 0.64% | — |
| JLKSX | Class R5 | 0.65% | none |
| JHRTX | Class I | 0.71% | none |
| JLKQX | Class R4 | 0.85% | none |
| JLKLX | Class A | 1.01% | 5.00% |
| JLKNX | Class R2 | 1.10% | 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.