JRLVX Fees and Costs — 2045 Lifetime Blend Portfolio, Class R6
Data updated: 2026-07-27
The net expense ratio is 0.32% (0.65% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $41K in broker commissions, 0.0056% of average net assets, and portfolio turnover was 22%.
JRLVX Fees and Expenses
Annual operating expenses and sales charges of JRLVX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.33% |
| Net expense ratio | 0.32% |
| 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 |
JRLVX Costs Over Time
On $10,000 invested in JRLVX, assuming 5% a year before costs, total costs come to $206 over 5 years, cutting the return by 0.34% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $113 | $206 |
| Value after costs | $10,466 | $11,464 | $12,556 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
JRLVX 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): 0.0056%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $79.1M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $2.2M
- Net income from securities lending: $0 (0.000% of average net assets)
JRLVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $24K | 59.06% |
| Piper Sandler & Co. | $10K | 23.88% |
| Jane Street Execution Services, LLC | $4K | 9.16% |
| J.P. Morgan Securities LLC | $2K | 4.37% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $625 | 1.52% |
| Goldman Sachs & Co. LLC | $494 | 1.20% |
| Pershing LLC | $330 | 0.80% |
JRLVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $66.5M | 84.03% |
| Citadel Securities LLC | $3.5M | 4.40% |
| Citigroup Global Markets Holdings Inc. | $2.6M | 3.33% |
| Barclays Bank PLC | $2.5M | 3.16% |
| Bank of Montreal | $1.4M | 1.75% |
| Deutsche Bank AG | $1.0M | 1.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $761K | 0.96% |
| Morgan Stanley & Co. LLC | $589K | 0.74% |
| BNP Paribas | $250K | 0.32% |
2045 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 |
|---|---|---|---|
| JRLVX | Class R6 | 0.32% | none |
| JRLQX | Class 1 | 0.36% | — |
| JRLUX | Class R4 | 0.56% | none |
| JHBEX | 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.