Fund Evaluator:
Atlas U.S. Tactical Income A (ATLAX)
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Best Performing in Conservative Allocation Over the Last Year
| 9.7% | Franklin Multi-Asset Income Y (PMIYX) |
| 8.7% | Hussman Strategic Total Return (HSTRX) |
| 8.4% | Columbia Income Builder Inst (CBUZX) |
| 7.4% | Thrivent Conservative Allocation S (THYFX) |
| 7.3% | Columbia Capital Allocation Cnsrv Inst (CBVZX) |
Fund Details
Atlas U.S. Tactical Income A Overview
Atlas U.S. Tactical Income A (ATLAX) is an actively managed Allocation Conservative Allocation fund. ATLAS US. TACTICAL INCOME FUND, INC. launched the fund in 2015.
The investment seeks to maximize total return, consistent with preservation of capital. The fund invests primarily in fixed-income securities, including U.S. government, mortgage-backed, and corporate debt securities and municipal obligations. It normally will invest at least 80% of its assets in a diversified portfolio of fixed-income instruments of varying maturities, and normally will maintain an average portfolio duration of negative 3 years to plus 6 years. The fund will generally invest up to 20% of its total assets in large capitalization stocks including through the use of passive investments, such as exchange traded funds ("ETFs").
About Atlas U.S. Tactical Income A (ATLAX)
There are 1 members of the management team with an average tenure of 10.93 years: Paul Hopgood (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Atlas U.S. Tactical Income A has 84 securities in its portfolio. The top 10 holdings constitute 78.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Atlas U.S. Tactical Income A is part of the Allocation global asset class and is within the Allocation fund group. Atlas U.S. Tactical Income A has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 17.2%. There is 0.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 158.6% (158.6% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Atlas U.S. Tactical Income A has -76.9% of the portfolio in cash.
Assets Under Management
The fund has $68 million in total assets, which is below the $108 million average for the Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ATLAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Atlas U.S. Tactical Income A expense ratio is high compared to funds in the Conservative Allocation category. Atlas U.S. Tactical Income A has an expense ratio of 5.95%, which is 400% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Atlas U.S. Tactical Income A has a portfolio turnover rate of 7%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 103% for the Conservative Allocation category.
Recently, in the month of August 2026, Atlas U.S. Tactical Income A returned 0.7%, which earned it a grade of F, as the Conservative Allocation category had an average return of 0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Atlas U.S. Tactical Income A has a trailing yield of 5.12%, which is above the 3.68% category average. The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Atlas U.S. Tactical Income A Grades
Year to date, the fund has returned 0.4%, 3.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.5% over the past year (grade of F), 8.3% over the past three years (grade of B) and 0.9% per year over the past five years (grade of F) and 2.3% per year over the past 10 years (grade of F).
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ATLAX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ATLAX Return (NAV) | 0.7% | -0.4% | 4.5% | 8.3% | 0.9% | 2.3% |
| ATLAX Grade | F | F | F | B | F | F |
| +/- Category | -0.2% | -0.7% | -2.0% | 0.5% | -1.9% | -1.7% |
| Conservative Allocation Avg | 0.9% | 0.3% | 6.5% | 7.8% | 2.8% | 4.0% |
| ATLAX Tax Cost Ratio | na | na | 1.7% | 1.4% | 1.3% | 1.4% |
ATLAX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ATLAX Return (NAV) | 0.4% | 13.6% | 4.1% | 11.5% | -20.0% | 3.0% | 6.3% | 8.9% | -4.9% | 5.5% | 6.3% |
| ATLAX Grade | F | A | F | A | F | F | F | F | F | D | B |
| +/- Category | -3.2% | 4.4% | -1.8% | 2.8% | -8.1% | -1.6% | -1.7% | -2.6% | -1.6% | -1.6% | 0.4% |
| Conservative Allocation Avg | 3.7% | 9.2% | 5.9% | 8.7% | -11.9% | 4.5% | 8.0% | 11.5% | -3.3% | 7.1% | 5.9% |
| Risk Measures | |
| Standard Deviation: | 9.6% |
| Total Risk Index: | 0.79 - Average |
| Category Risk Index: | 1.51 - High |
| Category Risk Grade: | F (104% Rank) |
| Beta: | 0.91 |
| R-Squared: | 75% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 5.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $77 Mil |
| Fund Total Assets: | $ 69 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 7% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 10.9 years | |||
| Average Tenure: 10.9 years | |||
| Managers (Year): Hopgood Paul (2015) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 84 |
| % in Top 10 Holdings: | 78.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 17.2% |
| Foreign Stock: | 0.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 158.6% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.5% |
| Cash: | -76.9% |
Purchase Information
| Fund Family: | ATLAS US. TACTICAL INCOME FUND, INC. |
| Phone Number: | 855-969-8440 |
| Website: |
| Status: | Open |
| Inception Date: | September 30, 2015 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 3.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 1.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 5.95% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Atlas U.S. Tactical Income A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
