ATLAS U.S. TACTICAL INCOME FUND, INC.
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2025
 
Shares             Fair Value
    COMMON STOCKS — 15.7%      
    APPAREL & TEXTILE PRODUCTS - 0.2%      
2,783   NIKE, Inc., Class B       $ 177,305
             
 
    BIOTECH & PHARMA - 0.5%      
258   Amgen, Inc.         84,446
1,188   Merck & Company, Inc.         125,049
5,114   Moderna, Inc.(a)         150,812
             

360,307

    E-COMMERCE DISCRETIONARY - 0.3%      
745   Amazon.com, Inc.(a)         171,961
26   MercadoLibre, Inc.(a)         52,371
             

224,332

    HEALTH CARE FACILITIES & SERVICES - 0.2%      
391   UnitedHealth Group, Inc.         129,073
             
 
    INTERNET MEDIA & SERVICES - 0.2%      
261   Meta Platforms, Inc., Class A         172,283
             
 
    LEISURE FACILITIES & SERVICES - 0.2%      
4,352   Chipotle Mexican Grill, Inc.(a)         161,024
             
 
    MORTGAGE FINANCE - 12.7%      
442,390   AGNC Investment Corporation         4,742,421
229,351   Annaly Capital Management, Inc.         5,128,288
             

9,870,709

    RETAIL - CONSUMER STAPLES - 0.2%      
1,603   Target Corporation         156,693
             
 
    SEMICONDUCTORS - 0.1%      
567   NVIDIA Corporation         105,746
             
 
    SOFTWARE - 0.7%      
448   Adobe, Inc.(a)         156,796
68   Microsoft Corporation         32,886
330   Oracle Corporation         64,320
 
 

 

ATLAS U.S. TACTICAL INCOME FUND, INC.
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2025
 
Shares             Fair Value
    COMMON STOCKS — 15.7% (Continued)      
    SOFTWARE - 0.7% (Continued)      
1,168   Salesforce, Inc.       $ 309,414
             

563,416

    TECHNOLOGY SERVICES - 0.2%      
1,775   Fiserv, Inc.(a)         119,227
             
 
    TRANSPORTATION & LOGISTICS - 0.2%      
1,305   United Parcel Service, Inc., Class B         129,443
             
 
               
    TOTAL COMMON STOCKS (Cost $15,954,862)    

  12,169,558

               
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 60.7%      
    ASSET MANAGEMENT — 4.1%      
3,000,000   Charles Schwab Corporation (The)(b) SOFRRATE + 2.500% 5.8530 05/19/34   3,219,775
             
    BANKING — 30.8%      
2,400,000   Bank of America Corporation(b) H15T5Y + 1.200% 2.4820 09/21/36   2,110,092
4,600,000   Bank of America Corporation(b) H15T5Y + 2.000% 3.8460 03/08/37   4,338,982
1,250,000   Citigroup, Inc.   6.6250 06/15/32   1,387,901
1,000,000   Citigroup, Inc.(b) SOFRRATE + 2.661% 6.1740 05/25/34   1,064,290
3,000,000   Citigroup, Inc.   6.1250 08/25/36   3,197,501
100,000   JPMorgan Chase & Company   4.2500 10/01/27   100,783
5,900,000   JPMorgan Chase & Company(b) SOFRRATE + 2.580% 5.7170 09/14/33   6,247,213
3,500,000   US Bancorp  Series BB(b) SOFRRATE + 2.110% 4.9670 07/22/33   3,532,248
1,750,000   Wells Fargo Bank NA   6.6000 01/15/38   1,959,068
              23,938,078
    INSTITUTIONAL FINANCIAL SERVICES — 11.6%      
1,750,000   Goldman Sachs Group, Inc. (The)   6.7500 10/01/37   1,959,682
6,900,000   Morgan Stanley  Series F(b) SOFRRATE + 2.620% 5.2970 04/20/37   7,031,916
              8,991,598
 
 

 

ATLAS U.S. TACTICAL INCOME FUND, INC.
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2025
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 60.7% (Continued)      
    SPECIALTY FINANCE — 14.2%      
4,000,000   American Express Company(b) SOFRRATE + 2.255% 4.9890 05/26/33 $ 4,069,615
6,725,000   Capital One Financial Corporation(b) SOFRRATE + 2.370% 5.2680 05/10/33   6,918,475
              10,988,090
  TOTAL CORPORATE BONDS (Cost $45,809,323)    

47,137,541

             
               
    U.S. GOVERNMENT & AGENCIES — 103.9%      
    AGENCY FIXED RATE — 103.9%      
1,541,786   Fannie Mae Pool(d)   5.5000 11/01/52   1,575,480
1,759,363   Fannie Mae Pool(d)   6.0000 05/01/54   1,807,955
718,116   Ginnie Mae I Pool   4.0000 01/15/46   704,342
675,781   Ginnie Mae I Pool   2.5000 08/15/49   588,728
527,822   Ginnie Mae I Pool   2.5000 09/15/49   459,826
1,030,280   Ginnie Mae I Pool   2.5000 12/15/49   897,549
2,262,264   Ginnie Mae I Pool(d)   6.0000 06/15/53   2,436,245
833,897   Ginnie Mae II Pool(d)   4.0000 09/20/47   788,824
961,631   Ginnie Mae II Pool   4.5000 02/20/48   940,667
289,430   Ginnie Mae II Pool   2.5000 03/20/50   251,244
4,461,951   Ginnie Mae II Pool(d)   2.5000 03/20/51   3,873,368
2,391,362   Ginnie Mae II Pool(d)   3.0000 07/20/51   2,142,531
599,606   Ginnie Mae II Pool   3.0000 07/20/51   537,223
3,628,606   Ginnie Mae II Pool(d)   3.0000 09/20/51   3,217,703
953,977   Ginnie Mae II Pool   2.0000 03/20/52   749,384
1,753,736   Ginnie Mae II Pool   3.0000 03/20/52   1,543,407
6,958,220   Ginnie Mae II Pool(d)   5.5000 10/20/52   7,361,851
1,081,964   Ginnie Mae II Pool(d)   6.0000 01/20/53   1,166,728
1,298,308   Ginnie Mae II Pool(d)   5.5000 02/20/53   1,373,655
1,586,590   Ginnie Mae II Pool(d)   6.0000 03/20/53   1,710,886
2,552,878   Ginnie Mae II Pool(d)   6.5000 03/20/53   2,791,790
4,797,725   Ginnie Mae II Pool(d)   6.5000 03/20/53   5,246,775
1,060,913   Ginnie Mae II Pool(d)   5.5000 04/20/53   1,122,489
1,719,213   Ginnie Mae II Pool(d)   5.5000 04/20/53   1,818,997
1,192,944   Ginnie Mae II Pool(d)   6.0000 04/20/53   1,286,407
 
 

 

ATLAS U.S. TACTICAL INCOME FUND, INC.
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2025
 
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    U.S. GOVERNMENT & AGENCIES — 103.9% (Continued)      
    AGENCY FIXED RATE — 103.9% (Continued)      
1,627,893   Ginnie Mae II Pool(d)   5.0000 05/20/53 $ 1,699,293
1,557,774   Ginnie Mae II Pool(d)   5.5000 05/20/53   1,648,184
990,486   Ginnie Mae II Pool(d)   5.5000 06/20/53   1,047,974
2,314,185   Ginnie Mae II Pool(d)   5.5000 06/20/53   2,448,499
1,652,133   Ginnie Mae II Pool(d)   5.5000 06/20/53   1,748,007
1,158,218   Ginnie Mae II Pool   6.0000 06/20/53   1,248,960
9,639,719   Ginnie Mae II Pool(d)   6.0000 06/20/53   10,394,917
961,816   Ginnie Mae II Pool   6.5000 06/20/53   1,051,840
361,372   Ginnie Mae II Pool   5.0000 07/20/53   377,222
1,076,476   Ginnie Mae II Pool(d)   5.5000 07/20/53   1,138,955
1,039,288   Ginnie Mae II Pool(d)   5.5000 07/20/53   1,099,610
981,509   Ginnie Mae II Pool   6.5000 09/20/53   1,073,376
4,316,760   Ginnie Mae II Pool(d)   5.5000 11/20/53   4,384,240
983,640   Ginnie Mae II Pool(d)   6.0000 11/20/53   1,060,706
130,258   Ginnie Mae II Pool   4.5000 02/20/54   132,709
1,004,025   Ginnie Mae II Pool   6.0000 09/20/54   1,082,661
2,533,512   Ginnie Mae II Pool(d)   5.5000 10/20/54   2,565,266
              80,596,473
  TOTAL U.S. GOVERNMENT & AGENCIES (Cost $78,315,098)    

80,596,473

             
    TOTAL INVESTMENTS - 180.3% (Cost $140,079,283)     $ 139,903,572
    LIABILITIES IN EXCESS OF OTHER ASSETS - (80.3)%    

(62,310,293)

    NET ASSETS - 100.0%        

$ 77,593,279

           
OPEN FUTURES CONTRACTS        
Number of Contracts   Open Short Futures Contracts     Expiration Notional Amount(c) Unrealized Appreciation
30   CBOT 10 Year US Treasury Note   03/23/2026 $ 3,373,125 $ 31,406
    TOTAL FUTURES CONTRACTS  
 
         
           
               
 

 

 

 
 

 

   
ATLAS U.S. TACTICAL INCOME FUND, INC.
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

REVERSE REPURCHASE AGREEMENTS            
                     
Principal Amount   Counterparty   Acquired Date   Interest (%)   Maturity   Fair Value
 $           (43,000,000)   StoneX   12/24/2025   3.9500   1/7/2026    $       (43,000,000)
              (21,630,000)   StoneX   12/30/2025   3.9000   1/28/2026              (21,630,000)
TOTAL REVERSE REPURCHASE AGREEMENTS (Proceeds $64,630,000)      $       (64,630,000)

 

H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
SOFRRATE United States SOFR Secured Overnight Financing Rate

 

 

 

(a) Non-income producing security.
(b) Variable rate security; the rate shown represents the rate on December 31, 2025.
(c) The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based.  Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts.  Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments.  The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.
(d) This security has been pledged as collateral for securities sold under agreements to repurchase of $68,957,336.