# EDGAR Filing Document

**Accession Number:** 0001866278
**File Stem:** 0001752724-25-184699
**Filing Date:** 2025-8
**Character Count:** 42127
**Document Hash:** 6b4e99a8d0fcde5b636f5abded624541
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-184699.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001752724-25-184699

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Atlas U.S. Tactical Income Fund
- **CENTRAL INDEX KEY:** 0001866278

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23705
- **FILM NUMBER:** 251176312

**BUSINESS ADDRESS:**
- **STREET 1:** BUCHANAN OFFICE CENTER, ROAD 165 #40
- **STREET 2:** SUITE 201
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968
- **BUSINESS PHONE:** 787-781-1301

**MAIL ADDRESS:**
- **STREET 1:** BUCHANAN OFFICE CENTER, ROAD 165 #40
- **STREET 2:** SUITE 201
- **CITY:** GUAYNABO
- **STATE:** PR
- **ZIP:** 00968

## Series and Classes Contracts Data

### Atlas U.S. Tactical Income Fund (Series ID: S000072935)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000229637 | Atlas U.S. Tactical Income Fund Class A |  |
| C000229638 | Atlas U.S. Tactical Income Fund Class C |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 14.0%** |  |
|  | **APPAREL & TEXTILE PRODUCTS - 0.3%** |  |
| 2783 | NIKE, Inc., Class B | $197704 |
|  | **BIOTECH & PHARMA - 0.2%** |  |
| 5114 | Moderna, Inc.<sup>(a)</sup> | 141095 |
|  | **E-COMMERCE DISCRETIONARY - 0.2%** |  |
| 745 | Amazon.com, Inc.<sup>(a)</sup> | 163446 |
|  | **INTERNET MEDIA & SERVICES - 0.8%** |  |
| 3163 | Alphabet, Inc., Class C | 561085 |
|  | **MORTGAGE FINANCE - 11.3%** |  |
| 442390 | AGNC Investment Corporation | 4065564 |
| 229351 | Annaly Capital Management, Inc. | 4316386 |
|  |  | 8381950 |
|  | **RETAIL - CONSUMER STAPLES - 0.2%** |  |
| 1492 | Target Corporation | 147186 |
|  | **SOFTWARE - 0.1%** |  |
| 68 | Microsoft Corporation | 33824 |
| 670 | Shopify, Inc., Class A<sup>(a)</sup> | 77285 |
|  |  | 111109 |
|  | **TECHNOLOGY HARDWARE - 0.8%** |  |
| 2901 | Apple, Inc. | 595197 |
|  | **TRANSPORTATION & LOGISTICS - 0.1%** |  |
| 510 | United Parcel Service, Inc., Class B | 51479 |
|  | **TOTAL COMMON STOCKS (Cost $15,483,552)** | 10350251 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 62.4%** | **CORPORATE BONDS — 62.4%** |  |  | |
|  | **ASSET MANAGEMENT** — **4.3%** | **ASSET MANAGEMENT** — **4.3%** |  |  | |
| 3000000 | Charles Schwab Corporation<sup>(b)</sup> | SOFRRATE + 2.500% | 5.8530 | &nbsp;&nbsp;&nbsp;05/19/34 | $3188944 |
|  | **BANKING** — **31.6%** | **BANKING** — **31.6%** |  |  |  |
| 2400000 | Bank of America Corporation<sup>(b)</sup> | H15T5Y + 1.200% | 2.4820 | &nbsp;&nbsp;&nbsp;09/21/36 | 2033400 |
| 4600000 | Bank of America Corporation<sup>(b)</sup> | H15T5Y + 2.000% | 3.8460 | &nbsp;&nbsp;&nbsp;03/08/37 | 4211266 |
| 1250000 | Citigroup, Inc. |  | 6.6250 | &nbsp;&nbsp;&nbsp;06/15/32 | 1363822 |
| 1000000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 2.661% | 6.1740 | &nbsp;&nbsp;&nbsp;05/25/34 | 1047138 |
| 3000000 | Citigroup, Inc. |  | 6.1250 | &nbsp;&nbsp;&nbsp;08/25/36 | 3105780 |
| 100000 | JPMorgan Chase & Company |  | 4.2500 | &nbsp;&nbsp;&nbsp;10/01/27 | 100475 |
| 5900000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 2.580% | 5.7170 | &nbsp;&nbsp;&nbsp;09/14/33 | 6153448 |
| 3500000 | US Bancorp Series BB<sup>(b)</sup> | SOFRRATE + 2.110% | 4.9670 | &nbsp;&nbsp;&nbsp;07/22/33 | 3458820 |
| 1750000 | Wells Fargo Bank NA |  | 6.6000 | &nbsp;&nbsp;&nbsp;01/15/38 | 1937757 |
|  |  |  |  |  | 23411906 |
|  | **INSTITUTIONAL FINANCIAL SERVICES** — **11.9%** | **INSTITUTIONAL FINANCIAL SERVICES** — **11.9%** |  |  |  |
| 1750000 | Goldman Sachs Group, Inc. |  | 6.7500 | &nbsp;&nbsp;&nbsp;10/01/37 | 1924350 |
| 6900000 | Morgan Stanley Series F<sup>(b)</sup> | SOFRRATE + 2.620% | 5.2970 | &nbsp;&nbsp;&nbsp;04/20/37 | 6878371 |
|  |  |  |  |  | 8802721 |
|  | **SPECIALTY FINANCE** — **14.6%** | **SPECIALTY FINANCE** — **14.6%** |  |  |  |
| 4000000 | American Express Company<sup>(b)</sup> | SOFRRATE + 2.255% | 4.9890 | &nbsp;&nbsp;&nbsp;05/26/33 | 4014094 |
| 6725000 | Capital One Financial Corporation<sup>(b)</sup> | SOFRRATE + 2.370% | 5.2680 | &nbsp;&nbsp;&nbsp;05/10/33 | 6787621 |
|  |  |  |  |  | 10801715 |
|  | **TOTAL CORPORATE BONDS (Cost $45,808,126)** | **TOTAL CORPORATE BONDS (Cost $45,808,126)** |  |  | 46205286 |
|  | **U.S. GOVERNMENT & AGENCIES — 110.9%** | **U.S. GOVERNMENT & AGENCIES — 110.9%** |  |  |  |
|  | **AGENCY FIXED RATE** — **110.9%** | **AGENCY FIXED RATE** — **110.9%** |  |  |  |
| 1646521 | Fannie Mae Pool<sup>(c)</sup> |  | 5.5000 | &nbsp;&nbsp;&nbsp;11/01/52 | 1657092 |
| 2049630 | Fannie Mae Pool<sup>(c)</sup> |  | 6.0000 | &nbsp;&nbsp;&nbsp;05/01/54 | 2085887 |
| 737929 | Ginnie Mae I Pool |  | 4.0000 | &nbsp;&nbsp;&nbsp;01/15/46 | 712566 |
| 688447 | Ginnie Mae I Pool |  | 2.5000 | &nbsp;&nbsp;&nbsp;08/15/49 | 590219 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 110.9% (Continued)** |  |  | |
|  | **AGENCY FIXED RATE** — **110.9% (Continued)** |  |  | |
| 536567 | Ginnie Mae I Pool | 2.5000 | &nbsp;&nbsp;&nbsp;09/15/49 | $460005 |
| 1047033 | Ginnie Mae I Pool | 2.5000 | &nbsp;&nbsp;&nbsp;12/15/49 | 897625 |
| 2277270 | Ginnie Mae I Pool<sup>(c)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;06/15/53 | 2425670 |
| 1001763 | Ginnie Mae II Pool<sup>(c)</sup> | 4.0000 | &nbsp;&nbsp;&nbsp;09/20/47 | 932418 |
| 974341 | Ginnie Mae II Pool | 4.5000 | &nbsp;&nbsp;&nbsp;02/20/48 | 935215 |
| 294819 | Ginnie Mae II Pool | 2.5000 | &nbsp;&nbsp;&nbsp;03/20/50 | 251843 |
| 4533976 | Ginnie Mae II Pool<sup>(c)</sup> | 2.5000 | &nbsp;&nbsp;&nbsp;03/20/51 | 3873167 |
| 2421820 | Ginnie Mae II Pool | 3.0000 | &nbsp;&nbsp;&nbsp;07/20/51 | 2129816 |
| 608828 | Ginnie Mae II Pool<sup>(c)</sup> | 3.0000 | &nbsp;&nbsp;&nbsp;07/20/51 | 535431 |
| 3675329 | Ginnie Mae II Pool<sup>(c)</sup> | 3.0000 | &nbsp;&nbsp;&nbsp;09/20/51 | 3198441 |
| 970425 | Ginnie Mae II Pool | 2.0000 | &nbsp;&nbsp;&nbsp;03/20/52 | 748379 |
| 1779721 | Ginnie Mae II Pool | 3.0000 | &nbsp;&nbsp;&nbsp;03/20/52 | 1536730 |
| 7101480 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;10/20/52 | 7424949 |
| 1089754 | Ginnie Mae II Pool<sup>(c)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;01/20/53 | 1170266 |
| 1312266 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;02/20/53 | 1371975 |
| 1599093 | Ginnie Mae II Pool<sup>(c)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;03/20/53 | 1717234 |
| 2574634 | Ginnie Mae II Pool<sup>(c)</sup> | 6.5000 | &nbsp;&nbsp;&nbsp;03/20/53 | 2797797 |
| 5019844 | Ginnie Mae II Pool<sup>(c)</sup> | 6.5000 | &nbsp;&nbsp;&nbsp;03/20/53 | 5455002 |
| 1069063 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;04/20/53 | 1117711 |
| 1733781 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;04/20/53 | 1812676 |
| 1201300 | Ginnie Mae II Pool<sup>(c)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;04/20/53 | 1290057 |
| 1641750 | Ginnie Mae II Pool<sup>(c)</sup> | 5.0000 | &nbsp;&nbsp;&nbsp;05/20/53 | 1679087 |
| 1572270 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;05/20/53 | 1643813 |
| 997898 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;06/20/53 | 1043307 |
| 2341593 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;06/20/53 | 2448147 |
| 1672395 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;06/20/53 | 1748484 |
| 1166140 | Ginnie Mae II Pool<sup>(c)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;06/20/53 | 1252298 |
| 9714182 | Ginnie Mae II Pool<sup>(c)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;06/20/53 | 10431865 |
| 1086288 | Ginnie Mae II Pool | 6.5000 | &nbsp;&nbsp;&nbsp;06/20/53 | 1180456 |
| 428191 | Ginnie Mae II Pool | 5.0000 | &nbsp;&nbsp;&nbsp;07/20/53 | 437929 |
| 1085422 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;07/20/53 | 1134815 |
| 1047057 | Ginnie Mae II Pool | 5.5000 | &nbsp;&nbsp;&nbsp;07/20/53 | 1094703 |
| 990220 | Ginnie Mae II Pool | 6.5000 | &nbsp;&nbsp;&nbsp;09/20/53 | 1076061 |
| 4670602 | Ginnie Mae II Pool<sup>(c)</sup> | 5.5000 | &nbsp;&nbsp;&nbsp;11/20/53 | 4712898 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** | **ATLAS U.S. TACTICAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 110.9% (Continued)** |  | | |
|  | **AGENCY FIXED RATE** — **110.9% (Continued)** |  | | |
| 990671 | Ginnie Mae II Pool<sup>(c)</sup> | 6.0000 | &nbsp;&nbsp;&nbsp;11/20/53 | $1063867 |
| 131344 | Ginnie Mae II Pool | 4.5000 | &nbsp;&nbsp;&nbsp;02/20/54 | 130055 |
| 1013134 | Ginnie Mae II Pool | 6.0000 | &nbsp;&nbsp;&nbsp;09/20/54 | 1087990 |
| 2915682 | Ginnie Mae II Pool | 5.5000 | &nbsp;&nbsp;&nbsp;10/20/54 | 2921773 |
|  |  |  |  | 82215719 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $80,747,290)** |  |  | 82215719 |
|  | **TOTAL INVESTMENTS - 187.3% (Cost $142,038,968)** |  |  | $&nbsp;&nbsp;&nbsp; 138771256 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (87.3)%** |  |  | &nbsp;&nbsp; (64667021) |
|  | **NET ASSETS - 100.0%** |  |  | $&nbsp;&nbsp; 74104235 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |
| **Number of Contracts** | **Open Short Futures Contracts** | **Expiration** | **Notional Amount** | **Unrealized Depreciation** |
| 90 | CBOT 10 Year US Treasury Note | 09/22/2025 | $&nbsp;&nbsp;&nbsp; 10091250 | $&nbsp;&nbsp;&nbsp; (176719) |
|  | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **REVERSE REPURCHASE AGREEMENTS** | **REVERSE REPURCHASE AGREEMENTS** |  |  |  |  |
| **Principal Amount ($)** | **Counterparty** | **Acquired Date** | **Interest (%)** | **Maturity** | **Fair Value** |
| $(40520000) | INTL FCStone | 6/25/2025 | 4.6000 | 7/2/2025 | $(40520000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1910000) | INTL FCStone | 6/30/2025 | 4.6000 | 7/2/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1910000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23985000) | South Street | 6/26/2025 | 4.5700 | 7/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23985000) |
| **TOTAL REVERSE REPURCHASE AGREEMENTS (Proceeds $66,415,000)** | **TOTAL REVERSE REPURCHASE AGREEMENTS (Proceeds $66,415,000)** | **TOTAL REVERSE REPURCHASE AGREEMENTS (Proceeds $66,415,000)** | **TOTAL REVERSE REPURCHASE AGREEMENTS (Proceeds $66,415,000)** |  | $(66415000) |

---

---

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

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Variable rate security; the rate shown represents the rate on June 30, 2025. Bond converts to floating rate in the final year of the bond.

<sup>(c)</sup> This security has been pledged as collateral for securities sold under agreements to repurchase of $71,635,215.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Atlas U.S. Tactical Income Fund, Inc.

- **b. Investment Company Act file number:** 811-23705

- **c. CIK number of Registrant:** 0001866278

- **d. LEI of Registrant:** 549300Z7OT0ETHJJWE49

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Buchanan Office Center, 40 Carr. 165

  - **City:** Guaynabo

  - **State:** PR

  - **Foreign country:** US

  - **Zip / Postal Code:** 00968

  - **Telephone number:** 787-781-1301

**Item A.2. Information about the Series.**

- **a. Name of Series:** Atlas U.S. Tactical Income Fund

- **b. EDGAR series identifier (if any):** S000072935

- **c. LEI of Series:** 549300Z7OT0ETHJJWE49

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $140699955.05

**Total Liabilities:** $66595719.89

**Net Assets:** $74104235.16

**Cash Not Reported:** $970758.19

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 314.99747300 | **5-Year:** 35218.94700900 | **10-Year:** 33869.93080500 | **30-Year:** 536.82719800

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229638 | -0.96%               | 0.23%                | 3.15%                |
| Class ID C000229637 | -0.79%               | 0.17%                | 3.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8293.10                | $-687563.68                                |
| Month 2  | $22675.91                | $-161574.93                                |
| Month 3  | $315567.70               | $1716147.33                                |

### Schedule of Portfolio Investments

| Name                                     | Title                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Government National Mortgage Association | GN CR2399               | CUSIP: 3618AGUY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2277270 | PA      | $2425669.56   | 3.27%             | 2053-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CI1513               | CUSIP: 3617X5VE7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1779721 | PA      | $1536729.75   | 2.07%             | 2052-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Agnc Investment Corp                     | AGNC INVESTMENT         | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    442390 | NS      | $4065564.10   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association | G2 CU6078               | CUSIP: 3618BPXF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1572270 | PA      | $1643813.28   | 2.22%             | 2053-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | GN BQ0214               | CUSIP: 3617LJGX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    536567 | PA      | $460005.11    | 0.62%             | 2049-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CP7152               | CUSIP: 3617FW5M9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2574634 | PA      | $2797797.03   | 3.78%             | 2053-03-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation           | SCHW 5.853 05/19/34     | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3188943.96   | 4.30%             | 2034-05-19      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CV9458               | CUSIP: 3618F6QK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    428191 | PA      | $437928.63    | 0.59%             | 2053-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                           | C 6 5/8 06/15/32        | CUSIP: 172967BL4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1363822.44   | 1.84%             | 2032-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CT5993               | CUSIP: 3618BBUS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1733781 | PA      | $1812676.11   | 2.45%             | 2053-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 MA9965               | CUSIP: 36180ACA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2915682 | PA      | $2921773.23   | 3.94%             | 2054-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 BD4637               | CUSIP: 3617BLEJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1001763 | PA      | $932417.67    | 1.26%             | 2047-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CT3984               | CUSIP: 3618B9M92<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1201300 | PA      | $1290056.59   | 1.74%             | 2053-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BNY REPO                                 | BNY Repo                | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        | -23985000 | PA      | $-23985000.00 | -32.37%           |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                           | MS 5.297 04/20/37       | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6900000 | PA      | $6878370.71   | 9.28%             | 2037-04-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CF7031               | CUSIP: 3617W8Y41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3675329 | PA      | $3198440.72   | 4.32%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | GN AQ7400               | CUSIP: 36189YGH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    737929 | PA      | $712565.67    | 0.96%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association    | FN MA4807               | CUSIP: 31418EKV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1646521 | PA      | $1657092.40   | 2.24%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank, National Association   | WFC 6.6 01/15/38        | CUSIP: 92976GAJ0<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1937757.03   | 2.61%             | 2038-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                            | ALPHABET INC-C          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3163 | NS      | $561084.57    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association | G2 CR2397               | CUSIP: 3618AGUW7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2341593 | PA      | $2448147.22   | 3.30%             | 2053-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CI1511               | CUSIP: 3617X5VC1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    970425 | PA      | $748379.28    | 1.01%             | 2052-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CX0917               | CUSIP: 3618FMAS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    990671 | PA      | $1063866.65   | 1.44%             | 2053-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                          | MICROSOFT CORP          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |        68 | NS      | $33823.88     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association | G2 CU6144               | CUSIP: 3618BPZH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1166140 | PA      | $1252298.15   | 1.69%             | 2053-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CR2398               | CUSIP: 3618AGUX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9714182 | PA      | $10431866.18  | 14.08%            | 2053-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BNY REPO                                 | BNY Repo                | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        | -40520000 | PA      | $-40520000.00 | -54.68%           |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                     | JPM 4 1/4 10/01/27      | CUSIP: 46625HNJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100475.40    | 0.14%             | 2027-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 BF5181               | CUSIP: 3617GBXJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    974341 | PA      | $935214.62    | 1.26%             | 2048-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CZ9391               | CUSIP: 3618GMNG1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    131344 | PA      | $130054.80    | 0.18%             | 2054-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                | GS 6 3/4 10/01/37       | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1924350.49   | 2.60%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CR2383               | CUSIP: 3618AGUG2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1599093 | PA      | $1717233.73   | 2.32%             | 2053-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nike, Inc.                               | NIKE INC -CL B          | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      2783 | NS      | $197704.32    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                              | SHOPIFY INC - A         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |       670 | NS      | $77284.50     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                   | US 10YR NOTE (CBT)Sep25 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |       -90 | NC      | $-176718.78   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association | G2 CR7745               | CUSIP: 3618ANTA2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1089754 | PA      | $1170265.89   | 1.58%             | 2053-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CT6001               | CUSIP: 3618BBU23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1641750 | PA      | $1679086.65   | 2.27%             | 2053-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                    | BAC 2.482 09/21/36      | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2033399.74   | 2.74%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CR2382               | CUSIP: 3618AGUF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5019844 | PA      | $5455001.72   | 7.36%             | 2053-03-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                     | JPM 5.717 09/14/33      | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $6153448.07   | 8.30%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CV7425               | CUSIP: 3618F4HA2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1085422 | PA      | $1134814.76   | 1.53%             | 2053-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CF7008               | CUSIP: 3617W8YD1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    608828 | PA      | $535430.71    | 0.72%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CF7009               | CUSIP: 3617W8YE9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2421820 | PA      | $2129815.58   | 2.87%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CU6147               | CUSIP: 3618BPZL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1086288 | PA      | $1180456.32   | 1.59%             | 2053-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 DD7954               | CUSIP: 3618J1ZT3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1013134 | PA      | $1087990.34   | 1.47%             | 2054-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 BO9527               | CUSIP: 3617KRSQ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    294819 | PA      | $251842.88    | 0.34%             | 2050-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BNY REPO                                 | BNY Repo                | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |  -1910000 | PA      | $-1910000.00  | -2.58%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CT6726               | CUSIP: 3618BCPK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    997898 | PA      | $1043307.29   | 1.41%             | 2053-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                           | C 6.174 05/25/34        | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1047137.53   | 1.41%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association    | FN MA5354               | CUSIP: 31418E5Q9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2049630 | PA      | $2085887.33   | 2.81%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.              | COF 5.268 05/10/33      | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   6725000 | PA      | $6787621.65   | 9.16%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | GN BN0298               | CUSIP: 3617K3KK4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    688447 | PA      | $590218.62    | 0.80%             | 2049-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Annaly Capital Management, Inc.          | ANNALY CAPITAL M        | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |    229351 | NS      | $4316385.82   | 5.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association | G2 MA9305               | CUSIP: 36179YKS2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4670602 | PA      | $4712897.59   | 6.36%             | 2053-11-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CT3962               | CUSIP: 3618B9MK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1069063 | PA      | $1117710.71   | 1.51%             | 2053-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                         | AMAZON.COM INC          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       745 | NS      | $163445.55    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                               | APPLE INC               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      2901 | NS      | $595198.17    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                    | BAC 3.846 03/08/37      | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4211265.68   | 5.68%             | 2037-03-08      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.              | UNITED PARCEL-B         | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       510 | NS      | $51479.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association | G2 CO1927               | CUSIP: 3617FDD83<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7101480 | PA      | $7424949.85   | 10.02%            | 2052-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CX0850               | CUSIP: 3618FL5K5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    990220 | PA      | $1076061.03   | 1.45%             | 2053-09-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CQ9920               | CUSIP: 3618ADAV8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1312266 | PA      | $1371975.02   | 1.85%             | 2053-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Target Corp.                             | TARGET CORP             | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      1492 | NS      | $147185.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                           | C 6 1/8 08/25/36        | CUSIP: 172967DR9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3105780.21   | 4.19%             | 2036-08-25      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | GN BO9513               | CUSIP: 3617KRSA5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1047033 | PA      | $897625.74    | 1.21%             | 2049-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CR2405               | CUSIP: 3618AGU64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1047057 | PA      | $1094703.25   | 1.48%             | 2053-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 BQ2091               | CUSIP: 3617LLKC1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4533976 | PA      | $3873166.72   | 5.23%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | G2 CV9448               | CUSIP: 3618F6P91<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1672395 | PA      | $1748484.03   | 2.36%             | 2053-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Moderna Inc                              | MODERNA INC             | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      5114 | NS      | $141095.26    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                 | AXP 4.989 05/26/33      | CUSIP: 025816CX5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4014093.56   | 5.42%             | 2033-05-26      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                            | USB 4.967 07/22/33      | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3458819.67   | 4.67%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** Atlas U.S. Tactical Income Fund, Inc.

**Signature:** Paul Hopgood

**Name of Signer:** Paul Hopgood

**Title:** President