JULAX Fees and Costs — Multimanager Lifestyle Aggressive Portfolio, Class R6
Data updated: 2026-07-27
The net expense ratio is 1.02%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $29K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 13%.
JULAX Fees and Expenses
Annual operating expenses and sales charges of JULAX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| 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 |
JULAX Costs Over Time
On $10,000 invested in JULAX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,225 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
JULAX 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): 0.0009%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $63.2M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
JULAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $21K | 72.66% |
| Piper Sandler & Co. | $8K | 27.34% |
JULAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $34.7M | 54.96% |
| Citadel Securities LLC | $8.1M | 12.83% |
| Citigroup Global Markets Holdings Inc. | $7.7M | 12.14% |
| Barclays Bank PLC | $6.5M | 10.33% |
| Bank of Montreal | $2.6M | 4.11% |
| Morgan Stanley & Co. LLC | $2.5M | 3.96% |
| Deutsche Bank AG | $868K | 1.37% |
| BNP Paribas | $195K | 0.31% |
Multimanager Lifestyle Aggressive Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JULAX | Class R6 | 1.02% | none |
| JILAX | Class 1 | 1.06% | — |
| JTLAX | Class R5 | 1.07% | none |
| JTAIX | Class I | 1.13% | none |
| JSLAX | Class R4 | 1.27% | none |
| JALAX | Class A | 1.43% | 4.50% |
| JQLAX | Class R2 | 1.52% | none |
| JCLAX | Class C | 2.13% | none |
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.