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Launched · SEC filings

The 2023 ETF Series Trust - Atlas America Fund

USAFNasdaqB

$27.91−0.03 (−0.09%)

At close: Oct 13, 2026, 4:00 PM

B55/ 100

Rank 21 of 46 in Tactical Allocation

B55/100Rank 21 of 46inTactical Allocation
Intraday session: down, 11 prints from 27.94 to 27.91. Range 27.84 to 27.95. Use the arrow keys to read each point.27.8427.8627.8810 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$16M
1Y total return
+4.8%
Yield · Last 12 months
Data unavailable
Holdings
63
Avg volume · 30D
0M sh
NAV per share
$27.98
52W range
low $26.74high $30.40
Launched
Filings
SEC EDGAR

The ETF.net USAF Grade

B

Score 55 out of 100

Category
Tactical Allocation⁠
Rank
21 of 46
Six-pillar profile for USAF. Scores out of 100: Cost 51, Risk 57, Mission 81, Tradability 31, Holdings 64, Durability 17. Strongest: Mission (81). Weakest: Durability (17). Leans toward Mission.

Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 23 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A81 out of 100
    Rank 7 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 21 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 36 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 15 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F17 out of 100
    Rank 44 of 46

USAF Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
63
Top-10 weight
69%
Largest holding
PDBA9.5%

Sectors

  • Real Estate58.7%
  • Technology23.3%
  • Industrials17.1%
  • Financials0.5%
  • Consumer Discretionary0.3%
  • Health Care0.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PDBAInvesco Ac Agriculture Commodity St9.53%39,528$1M2
002VBILVanguard I 0-3 Month Treasury Bill9.17%19,040$1M3
003IAUMIshares Gold Trust Micro8.41%31,548$1M2
004GLDMWorld Gold Spdr Gold Minishares Tr(8.27%15,629$1M15
005STIPIshares Tr 0-5 Year Tips Bd Etf7.73%12,113$1M7
006VTIPVanguard M Sh-Term Infl Protected E5.55%17,970$871K11
007CLIPGlobal X F 1-3 Month T-Bill Etf(P/S5.24%8,217$823K5
008SGOVIshares Tr Ishares 0-3 Month Treasu5.23%8,170$821K11
009SPTSSpdr Portfolio Short Term Tre Etf5.02%27,466$787K6
010VGSHVanguard’s Short-Term Treasury Etf5.02%13,677$787K8
011HARDSimplify E Commodities Strategy No3.58%16,453$561K1
012—Cash3.26%511,019$511K420
013TBFProshares Short 20+ Yr Treasury Us3.20%18,803$502K1
014BUGGlobal X F Cybersecurity Etf3.09%9,668$484K2
015SHLDGlobal X F Defense Tech Etf2.19%5,741$344K4

Showing 1–15 of 63 holdings

USAF Performance

Launched Nov 19, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
USAF$10,480
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. USAF $10,480. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for USAF. Periods over one year show the average yearly return.
PeriodUSAF
Year to date+4.2%
1 month−0.7%
3 months+1.2%
1 year+4.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for USAF
YearReturn barUSAF
2026 YTD+4.2%
2025+9.1%
2024+0.2%

History from Nov 20, 2024

USAF in the news

Filtered to USAF · Tactical Allocation

USAF Dividends

Last payment
$0.67 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.67. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.67

USAF Risk

How much the fund’s monthly returns vary, scaled to a year.
5.1%
Annualised · 22 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.50
vs 3-month T-bills · 22 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.4%
22 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

USAF Cost

Expense ratio0.89%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

22 of the 46 Tactical Allocation funds charge less.

USAF costs $89.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.

Other funds in Tactical Allocation

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