# Product Snapshot - JPMorgan 1-3 Year Treasury & Agency Ladder Strategy > Audience: country=us, language=en, role=adv. > Generated: 2026-10-23T08:45:35.025737443Z. ## Identity - **Fund Name**: JPMorgan 1-3 Year Treasury & Agency Ladder Strategy - **Share Class Name**: JPMorgan 1-3 Year Treasury & Agency Ladder Strategy - **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-1-3-year-treasury-agency-ladder-strategy-c0a4f24170b910f5e0534e8862a96d74) - **Fund Type**: SMA - **Asset Class**: Fixed Income ## Overview ### Designed to provide a stable stream of interest income through a portfolio of U.S. Treasuries and U.S. Agencies Invests in a laddered buy-and-maintain portfolio of U.S. Treasuries and U.S. Agencies ~~ Target duration of 0-4 years ## Strategy Facts - **Asset Class**: Fixed Income - **Strategy Inception Date**: 03/31/2018 ## Strategy Stats - **Number of Holdings**: - ## Portfolio Managers ### Debbie Fierro - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/debbie-fierro/) - **In the industry**: 28 years - **With J.P. Morgan**: 16 years ### Stephen Deibel - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/stephen-deibel/) - **In the industry**: 36 years - **With J.P. Morgan**: 37 years ## Portfolio ### Portfolio Stats - **Average coupon** (As of 06/30/2026): PORTFOLIO: 2.11%; INDEX: N/A - **Average life (years)** (As of 06/30/2026): PORTFOLIO: 1.51; INDEX: N/A - **Average price** (As of 06/30/2026): PORTFOLIO: $96.86; INDEX: N/A - **Yield to maturity** (As of 06/30/2026): PORTFOLIO: 4.07%; INDEX: N/A - **Yield to worst** (As of 06/30/2026): PORTFOLIO: 4.07%; INDEX: N/A [Disclosure 1] ### Quality _As of 06/30/2026_ | Quality | Quality | | --- | ---: | | AAA | 2.0% | | AA | 98.0% | | Cash | 2.0% | [Disclosure 2] ### Average Life _As of 06/30/2026_ | Average Life | Average Life | | --- | ---: | | Average life (years) | 1.51 years | [Disclosure 3] ### Maturity _As of 06/30/2026_ | Maturity | Maturity | | --- | ---: | | Cash | 2.0% | | 2026 | 17.0% | | 2027 | 29.4% | | 2028 | 33.3% | | 2029 | 18.2% | [Disclosure 4] ## Documents - [Fact Sheet: Short Treasury and Agency Ladder Strategy](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/smas/fs-stalad-ma.pdf) ## Disclosures 1. Yield to maturity (YTM): is the estimated total return anticipated on a bond or other obligation if the obligation is held until maturity and if all payments are made as scheduled.YTM is calculated by averaging the YTM of each obligation held in the portfolio (including, if any, convertible bonds, preferred securities and derivatives) on a market weighted basis without the deduction of fees, expenses and, if applicable, hedging costs. YTM is a representation of the estimated total return of the bonds and other obligations held in the portfolio as of the month-end shown. YTM takes into account derivatives. YTM is not a guarantee nor necessarily indicative of future performance or income generation.Certain other strategies may calculate YTM differently (e.g., certain other strategies may include only certain types of derivatives in the calculation of YTM, whereas the YTM calculation for this strategy includes all types of derivatives), and such differences could significantly impact the calculation of YTM, and therefore decrease comparability between YTM for this strategy and YTM for other strategies.Yield to worst (YTW) is the lower of a bond or other obligation's yield to maturity (YTM) and yield to call (YTC). YTW is calculated by averaging the YTW of each obligation held in the portfolio on a market weighted basis without the deduction of fees, expenses and, if applicable, hedging costs. YTM is calculated as described \[next to the YTM figures / above\]. YTC is calculated the same way as YTM, but assumes that a bond or other obligation will be called or repurchased by the issuer before its maturity date (generally the next call date), and that the portfolio will be paid a call price (generally a percentage of the then-current face value of the obligation) on the call date. YTW, YTM and YTC are not a guarantee nor necessarily indicative of future performance or income generation. 2. Due to rounding, values may not total 100%. J.P. Morgan Investment Management (JPMIM) receives credit quality ratings on underlying securities of the Portfolio from the three major ratings agencies - S&P, Moody's and Fitch. When calculating credit quality breakdown, JPMIM selects the highest rating of the agencies when two or more rate a security, and one rating if that is all that is provided. Securities that are not rated by all three agencies are reflected as such. Certain holdings may not be included due to de minimis values and rounding. Values may not total 100%. 3. Average Life: The length of time the principal of a debt issue is expected to be outstanding. Duration: Measures price sensitivity of fixed income securities to interest rate changes. 4. Average Maturity: The average length of maturity for all fixed-rate debt instruments held in a portfolio. A bond fund or mutual fund with a long average maturity is more sensitive to interest rate fluctuations than one with shorter average maturity.