JRLLX Fees and Costs — 2015 Lifetime Blend Portfolio, Class R6
Data updated: 2026-07-27
The net expense ratio is 0.37% (0.87% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0142% of average net assets, and portfolio turnover was 68%.
JRLLX Fees and Expenses
Annual operating expenses and sales charges of JRLLX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.50% |
| Net expense ratio | 0.37% |
| 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 |
JRLLX Costs Over Time
On $10,000 invested in JRLLX, assuming 5% a year before costs, total costs come to $243 over 5 years, cutting the return by 0.40% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $133 | $243 |
| Value after costs | $10,460 | $11,443 | $12,520 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
JRLLX 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): 0.0142%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $30.5M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $5K (0.006% of average net assets)
JRLLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $5K | 39.01% |
| Piper Sandler & Co. | $4K | 31.13% |
| J.P. Morgan Securities LLC | $1K | 8.27% |
| Goldman Sachs & Co. LLC | $835 | 6.36% |
| Royal Bank of Canada | $713 | 5.43% |
| Citadel Securities LLC | $698 | 5.32% |
| Jane Street Execution Services, LLC | $470 | 3.58% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $64 | 0.49% |
| Pershing LLC | $53 | 0.40% |
JRLLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $22.8M | 74.58% |
| Citadel Securities LLC | $2.1M | 6.93% |
| Bank of Montreal | $1.7M | 5.53% |
| Citigroup Global Markets Holdings Inc. | $1.3M | 4.10% |
| Morgan Stanley & Co. LLC | $924K | 3.03% |
| Deutsche Bank AG | $766K | 2.51% |
| Barclays Bank PLC | $680K | 2.23% |
| BNP Paribas | $185K | 0.60% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $146K | 0.48% |
| Royal Bank of Canada | $6K | 0.02% |
2015 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 |
|---|---|---|---|
| JRLLX | Class R6 | 0.37% | none |
| JRLIX | Class 1 | 0.41% | — |
| JRLKX | Class R4 | 0.62% | none |
| JHAOX | Class A | 0.78% | 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.