JRISX Fees and Costs — Multi-Index 2050 Preservation Portfolio, Class R6
Data updated: 2023-07-27
The net expense ratio is 0.39% (0.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $25K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 96%.
JRISX Fees and Expenses
Annual operating expenses and sales charges of JRISX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.39% |
| 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 |
JRISX Costs Over Time
On $10,000 invested in JRISX, assuming 5% a year before costs, total costs come to $249 over 5 years, cutting the return by 0.41% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $136 | $249 |
| Value after costs | $10,459 | $11,440 | $12,513 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
JRISX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0040%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $163.1M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $3.6M
- Net income from securities lending: $36K (0.006% of average net assets)
JRISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $17K | 68.77% |
| Pershing LLC | $8K | 30.82% |
| Goldman Sachs & Co. LLC | $102 | 0.41% |
JRISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $115.6M | 70.99% |
| Citigroup Global Markets Holdings Inc. | $14.8M | 9.10% |
| Barclays Bank PLC | $9.0M | 5.50% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $8.8M | 5.41% |
| Deutsche Bank AG | $6.2M | 3.79% |
| Morgan Stanley & Co. LLC | $4.6M | 2.83% |
| J.P. Morgan Securities LLC | $1.6M | 0.97% |
| Goldman Sachs & Co. LLC | $1.0M | 0.63% |
| HSBC Bank PLC | $743K | 0.46% |
| Bank of Montreal | $541K | 0.33% |
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.