JRTWX Fees and Costs — 2040 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 $52K in broker commissions, 0.0062% of average net assets, and portfolio turnover was 24%.
JRTWX Fees and Expenses
Annual operating expenses and sales charges of JRTWX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| 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 |
JRTWX Costs Over Time
On $10,000 invested in JRTWX, assuming 5% a year before costs, total costs come to $207 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 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $113 | $207 |
| Value after costs | $10,466 | $11,463 | $12,556 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
JRTWX 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): 0.0062%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $106.0M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $11K (0.001% of average net assets)
JRTWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $30K | 58.27% |
| Piper Sandler & Co. | $14K | 27.22% |
| Jane Street Execution Services, LLC | $4K | 8.31% |
| J.P. Morgan Securities LLC | $2K | 3.96% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $575 | 1.11% |
| Goldman Sachs & Co. LLC | $572 | 1.11% |
| Pershing LLC | $12 | 0.02% |
JRTWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $87.1M | 82.10% |
| Citadel Securities LLC | $5.3M | 4.96% |
| Citigroup Global Markets Holdings Inc. | $4.5M | 4.26% |
| Barclays Bank PLC | $3.7M | 3.51% |
| Bank of Montreal | $2.1M | 1.96% |
| Deutsche Bank AG | $1.5M | 1.45% |
| Morgan Stanley & Co. LLC | $894K | 0.84% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $620K | 0.58% |
| BNP Paribas | $352K | 0.33% |
2040 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 |
|---|---|---|---|
| JRTWX | Class R6 | 0.32% | none |
| JRTTX | Class 1 | 0.36% | — |
| JRTVX | Class R4 | 0.57% | none |
| JHBAX | 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.