JRLOX Fees and Costs — 2020 Lifetime Blend Portfolio, Class 1
Data updated: 2026-07-27
The net expense ratio is 0.40% (0.78% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33K in broker commissions, 0.0108% of average net assets, and portfolio turnover was 59%.
JRLOX Fees and Expenses
Annual operating expenses and sales charges of JRLOX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.40% |
| 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 |
JRLOX Costs Over Time
On $10,000 invested in JRLOX, assuming 5% a year before costs, total costs come to $260 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $142 | $260 |
| Value after costs | $10,457 | $11,434 | $12,503 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
JRLOX 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): 0.0108%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $68.6M
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $6.5M
- Net income from securities lending: $25K (0.008% of average net assets)
JRLOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $16K | 49.83% |
| Piper Sandler & Co. | $6K | 18.18% |
| J.P. Morgan Securities LLC | $3K | 8.87% |
| Goldman Sachs & Co. LLC | $2K | 6.88% |
| Royal Bank of Canada | $2K | 5.51% |
| Citadel Securities LLC | $2K | 5.40% |
| Jane Street Execution Services, LLC | $2K | 4.70% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $140 | 0.43% |
| Pershing LLC | $64 | 0.19% |
JRLOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $46.6M | 67.93% |
| Citadel Securities LLC | $5.9M | 8.67% |
| Bank of Montreal | $4.1M | 5.91% |
| Citigroup Global Markets Holdings Inc. | $3.4M | 4.99% |
| Morgan Stanley & Co. LLC | $2.4M | 3.48% |
| Barclays Bank PLC | $2.3M | 3.35% |
| Deutsche Bank AG | $2.1M | 3.10% |
| BNP Paribas | $912K | 1.33% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $695K | 1.01% |
| Royal Bank of Canada | $143K | 0.21% |
2020 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 |
|---|---|---|---|
| JRTAX | Class R6 | 0.35% | none |
| JRLOX | Class 1 | 0.40% | — |
| JRLPX | Class R4 | 0.60% | none |
| JHAPX | Class A | 0.77% | 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.