JLKZX Fees and Costs — 2055 Lifetime Blend Portfolio, Class 1
Data updated: 2026-07-27
The net expense ratio is 0.36% (0.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0034% of average net assets, and portfolio turnover was 21%.
JLKZX Fees and Expenses
Annual operating expenses and sales charges of JLKZX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.36% |
| 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 |
JLKZX Costs Over Time
On $10,000 invested in JLKZX, assuming 5% a year before costs, total costs come to $230 over 5 years, cutting the return by 0.38% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $126 | $230 |
| Value after costs | $10,462 | $11,451 | $12,533 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
JLKZX 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): 0.0034%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $41.3M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $791K
- Net income from securities lending: $5K (0.001% of average net assets)
JLKZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $11K | 64.86% |
| Piper Sandler & Co. | $5K | 30.27% |
| Goldman Sachs & Co. LLC | $323 | 1.99% |
| Pershing LLC | $201 | 1.24% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $197 | 1.21% |
| Jane Street Execution Services, LLC | $68 | 0.42% |
JLKZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $36.6M | 88.61% |
| Citadel Securities LLC | $1.4M | 3.30% |
| Barclays Bank PLC | $1.2M | 2.88% |
| Citigroup Global Markets Holdings Inc. | $1.1M | 2.61% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $285K | 0.69% |
| Bank of Montreal | $277K | 0.67% |
| Morgan Stanley & Co. LLC | $240K | 0.58% |
| BNP Paribas | $151K | 0.37% |
| Deutsche Bank AG | $122K | 0.29% |
2055 Lifetime Blend Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JLKYX | Class R6 | 0.32% | none |
| JLKZX | Class 1 | 0.36% | — |
| JLKWX | Class R4 | 0.57% | none |
| JHBJX | Class A | 0.73% | 5.00% |
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.