JRVSX Fees and Costs — Multi-Index 2045 Preservation Portfolio, Class R6
Data updated: 2023-07-27
The net expense ratio is 0.38% (0.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $30K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 93%.
JRVSX Fees and Expenses
Annual operating expenses and sales charges of JRVSX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.38% |
| 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 |
JRVSX Costs Over Time
On $10,000 invested in JRVSX, 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| 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% |
JRVSX 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): 0.0040%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $210.5M
- Portfolio turnover (prospectus): 93%
- Securities on loan, average value: $9.0M
- Net income from securities lending: $48K (0.006% of average net assets)
JRVSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $20K | 66.51% |
| Pershing LLC | $10K | 33.18% |
| Goldman Sachs & Co. LLC | $91 | 0.31% |
JRVSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $152.3M | 72.51% |
| Citigroup Global Markets Holdings Inc. | $17.8M | 8.47% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $11.8M | 5.61% |
| Barclays Bank PLC | $10.5M | 5.01% |
| Deutsche Bank AG | $7.5M | 3.58% |
| Morgan Stanley & Co. LLC | $5.6M | 2.68% |
| J.P. Morgan Securities LLC | $1.7M | 0.83% |
| Goldman Sachs & Co. LLC | $1.1M | 0.53% |
| HSBC Bank PLC | $989K | 0.47% |
| Bank of Montreal | $672K | 0.32% |
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.