ATLAX — Atlas U.S. Tactical Income Fund
Data updated: 2026-08-14
ATLAX — Atlas U.S. Tactical Income Fund. Long Securitized (MBS/ABS/CMBS) Bond · $78.79M AUM. Holdings, fees, performance and SEC filings.
ATLAX Fund Overview
ATLAX — Atlas U.S. Tactical Income Fund is a US mutual fund managed by Atlas U.S. Tactical Income Fund, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Atlas U.S. Tactical Income Fund
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $78.79M
- 1-year return: 8.7%
- Ticker: ATLAX
- SEC CIK: 0001866278
- SEC series ID: S000072935
- Share class ID: C000229637
ATLAX Investment Objective and Strategy
Atlas U.S. Tactical Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Atlas U.S. Tactical Income Fund.
Investment objective
The Fund seeks to maximize total return, consistent with preservation of capital.
Principal investment strategy
The Fund pursues its investment strategy by constructing a portfolio of securities as described below. The Fund relies on the professional judgment of the Adviser to make decisions about the Funds portfolio investments. The basic investment philosophy of the Adviser is to seek to invest in attractively valued securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the Adviser believes that they no longer represent relatively attractive investment opportunities. The Fund invests primarily in fixed-income securities, including U.S. government, mortgage-backed, and corporate debt securities, and municipal obligations. Fixed-income securities are debt obligations such as bonds and debentures, U.S. government securities, debt obligations of domestic and non-U.S.
corporations, debt obligations of non-U.S. governments and their political subdivisions, asset-backed securities, high-yield securities, various mortgage-backed securities (both residential and commercial), other floating or variable rate obligations, convertible securities, municipal, obligations and zero-coupon debt securities. Under no circumstances will the Fund have the flexibility to invest in direct or indirect obligations of the Commonwealth of Puerto Rico or any of its instrumentalities. Depending on market conditions, the Fund may invest in other market sectors. The Fund engages in borrowing and uses other forms of leverage, such as derivatives, to increase amounts available for investment consistent with its investment objective. The Adviser may, when consistent with the Funds objective, buy options or futures on a security or an index of securities, or enter into swap agreements, including interest rate and credit default swaps (collectively, commonly known as derivatives).
The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or credit risk. The Fund may also use derivatives for leverage. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements). The Fund may invest up to 25% of its assets in below investment-grade fixed-income securities (or unrated fixed-income securities deemed by the Adviser to be of comparable credit quality). Investment-grade refers to fixed-income securities that are rated AAA, AA, A or BBB by S&P Global Ratings ( S&P ), Aaa, Aa, A or Baa by Moodys Investors Service, Inc.
( Moodys ), or AAA, AA, A or BBB by Fitch Ratings, Inc. ( Fitch ) without regard to any gradations within such categories, or within the four highest investment grade categories (without regard to any gradations within such categories) by any other nationally recognized statistical rating organization, or, if not rated, are considered by the Adviser to be of comparable credit quality. Below investment-grade fixed-income securities are also known as junk bonds which are speculative and subject to greater credit risk, price volatility and risk of loss than investment-grade securities. The Fund may invest up to 20% of its total assets in mortgage-backed real estate investment trusts ( REITs ) and large capitalization stocks, including through the use of passive investments, such as exchange-traded funds ( ETFs ).
The Fund may invest up to 20% of its total assets in fixed-income securities or large capitalization stocks (mainly ETFs) of foreign issuers in U.S. dollar denominations. The Fund may actively trade its securities to achieve its principal investment strategies. The Fund normally investments at least 80% of its assets in a diversified portfolio of U.S. fixed-income instruments of varying maturities.
ATLAX Holdings
Top 10 holdings of Atlas U.S. Tactical Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Government National Mortgage Association | 13.10% |
| Government National Mortgage Association | 9.23% |
| Morgan Stanley | 8.73% |
| Capital One Financial Corp. | 8.57% |
| Jp Morgan Chase & Company | 7.74% |
| Annaly Capital Management, Inc. | 6.51% |
| Government National Mortgage Association | 6.45% |
| Agnc Investment Corp. | 6.12% |
| Bank Of America Corp. | 5.43% |
| American Express Company | 5.05% |
ATLAX Portfolio Allocation
Asset-class allocation of Atlas U.S. Tactical Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 92.5% |
| Fixed Income | 64.0% |
| Equity | 17.5% |
ATLAX Performance
Total returns for ATLAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 8.7% |
| 3 years (annualised) | 8.4% |
| 5 years (annualised) | 1.3% |
ATLAX Risk Information
Risk metrics for ATLAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.5%
ATLAX Costs and Fees
ATLAX costs about $595 per $10,000 invested per year in fund expenses.
- Net expense ratio: 5.95%
- Gross expense ratio: 5.95%
- Portfolio turnover: 7%
- Brokerage commissions: 0.10 bps of average net assets (SEC N-CEN)
ATLAX Cashflows
Over the 12 months to 2026-06, Atlas U.S. Tactical Income Fund had net inflows of $2.18M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $412.98K |
| 2026-05 | −$173.21K |
| 2026-04 | $402.58K |
| 2026-03 | −$121.87K |
| 2026-02 | $738.11K |
| 2026-01 | $915.84K |
ATLAX Debt Constituents
Largest debt holdings of Atlas U.S. Tactical Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Morgan Stanley | 8.73% |
| Capital One Financial Corp. | 8.57% |
| Jp Morgan Chase & Company | 7.74% |
| Bank Of America Corp. | 5.43% |
| American Express Company | 5.05% |
| US Bancorp | 4.41% |
| Citigroup, Inc. | 3.99% |
| Charles Schwab Corp. (the) | 3.98% |
| Federal Farm Credit Banks Funding Corp. | 2.71% |
| Bank Of America Corp. | 2.66% |
ATLAX Prospectus and SEC Filings
Official Atlas U.S. Tactical Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus supplement (497) — filed 2024-05-08
- Portfolio holdings (N-PORT) — filed 2026-08-14
- Portfolio holdings (N-PORT) — filed 2026-05-08
- Portfolio holdings (N-PORT) — filed 2026-02-11
- Annual census (N-CEN) — filed 2025-12-04
- Annual census (N-CEN) — filed 2024-12-13
Related Funds
Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.