JRROX Fees and Costs — Multi-Index 2040 Preservation Portfolio, Class 1
Data updated: 2023-07-27
The net expense ratio is 0.41% (0.67% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $40K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 90%.
JRROX Fees and Expenses
Annual operating expenses and sales charges of JRROX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.41% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JRROX Costs Over Time
On $10,000 invested in JRROX, assuming 5% a year before costs, total costs come to $262 over 5 years, cutting the return by 0.44% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $143 | $262 |
| Value after costs | $10,456 | $11,433 | $12,500 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
JRROX 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): 0.0045%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $287.2M
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $21.8M
- Net income from securities lending: $131K (0.015% of average net assets)
JRROX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $29K | 72.60% |
| Pershing LLC | $11K | 27.40% |
JRROX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $216.2M | 75.40% |
| Citigroup Global Markets Holdings Inc. | $22.0M | 7.68% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $13.6M | 4.73% |
| Barclays Bank PLC | $12.9M | 4.50% |
| Deutsche Bank AG | $9.7M | 3.37% |
| Morgan Stanley & Co. LLC | $7.0M | 2.45% |
| J.P. Morgan Securities LLC | $2.2M | 0.77% |
| HSBC Bank PLC | $1.4M | 0.48% |
| Goldman Sachs & Co. LLC | $1.0M | 0.35% |
| Bank of Montreal | $796K | 0.28% |
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.