> ## Documentation Index
> Fetch the complete documentation index at: https://atlas-ai.ae/llms.txt
> Use this file to discover all available pages before exploring further.

# USA First

> A structural choice about liquidity: every asset in the basket trades deepest, settles cleanest, and prices clearest in the United States.

<Frame>
  <img src="https://mintcdn.com/atlasailabs/uEOt_G78tzzQi_fS/images/am4.png?fit=max&auto=format&n=uEOt_G78tzzQi_fS&q=85&s=d16257f3ae9de6de16c9af2d284d59f7" alt="Atlas AI Labs" noZoom width="2884" height="1080" data-path="images/am4.png" />
</Frame>

<div style={{ textAlign: "center", marginTop: "2rem" }}>
  <a href="https://actfund.io/" target="_blank" className="whitepaper-button">
    Visit the Atlas America Fund Page
  </a>
</div>

The USAF basket is built from five sleeves spanning seven underlying asset classes. Each one hedges a distinct stressor: Treasuries and TIPS against weak growth and inflation, gold against debasement, commodities against supply shocks, defense and cybersecurity equities against geopolitical conflict, and REITs against fiscal pressure. Held together, the basket is designed to weather conditions that would damage any single holding.

## What the basket holds

<div style={{ display: 'flex', flexDirection: 'column', gap: '0.5rem', margin: '1.5rem 0' }}>
  {[
        { n: '01', risk: 'Weak growth & inflation', sleeve: 'U.S. Treasuries & TIPS', body: 'Short-duration Treasuries anchor stability and liquidity. TIPS adjust with the price level as the most direct inflation hedge. Both rest on the deepest sovereign debt market in the world.' },
        { n: '02', risk: 'Currency debasement', sleeve: 'Gold', body: 'Held through low-cost, physically backed trusts. Holds value when confidence in paper money weakens.' },
        { n: '03', risk: 'Supply shocks', sleeve: 'Agricultural & energy commodities', body: 'Strategic commodities that absorb the shocks pushing food and fuel prices through every importing economy.' },
        { n: '04', risk: 'Geopolitical conflict', sleeve: 'Defense & cybersecurity equities', body: 'U.S.-listed firms tied to national-security spending more directly than any other equity universe, concentrating around companies applying AI to autonomy, threat detection, and supply-chain integrity.' },
        { n: '05', risk: 'Fiscal debasement', sleeve: 'Climate-resilient REITs', body: 'Real estate is a real-asset hedge against fiscal debasement; within that, holdings are selected for climate adaptability, scored across dozens of hazard variables under multiple climate scenarios, through the largest, most liquid REIT market in the world.' },
      ].map((row) => (
        <div key={row.n} style={{ display: 'flex', flexWrap: 'wrap', alignItems: 'stretch', border: '1px solid rgba(127,127,127,0.18)', borderRadius: '0.625rem', background: 'rgba(127,127,127,0.025)', overflow: 'hidden' }}>

          <div style={{ flex: '0 0 160px', display: 'flex', flexDirection: 'column', justifyContent: 'center', gap: '0.45rem', padding: '1.1rem 1.25rem', borderRight: '1px solid rgba(127,127,127,0.18)' }}>
            <div style={{ display: 'flex', alignItems: 'center', gap: '0.5rem', fontFamily: 'ui-monospace, monospace', fontSize: '0.65rem', letterSpacing: '0.12em', textTransform: 'uppercase', fontWeight: 600 }}>
              <span style={{ color: 'rgba(127,127,127,0.65)' }}>{row.n}</span>
              <span style={{ width: '4px', height: '4px', borderRadius: '50%', background: '#e5484d' }} />
              <span style={{ color: '#e5484d' }}>Risk</span>
            </div>
            <div style={{ fontWeight: 600, fontSize: '0.95rem', lineHeight: 1.35 }}>{row.risk}</div>
          </div>

          <div style={{ flex: '1 1 320px', padding: '1.1rem 1.4rem' }}>
            <div style={{ display: 'flex', alignItems: 'center', gap: '0.5rem', marginBottom: '0.45rem', fontFamily: 'ui-monospace, monospace', fontSize: '0.65rem', letterSpacing: '0.12em', textTransform: 'uppercase', fontWeight: 600 }}>
              <span style={{ width: '4px', height: '4px', borderRadius: '50%', background: '#30a46c' }} />
              <span style={{ color: '#30a46c' }}>Hedge</span>
            </div>
            <div style={{ fontWeight: 600, fontSize: '1rem', marginBottom: '0.4rem' }}>{row.sleeve}</div>
            <div style={{ fontSize: '0.875rem', opacity: 0.62, lineHeight: 1.55 }}>{row.body}</div>
          </div>

        </div>
      ))}
</div>

Alongside the five sleeves, a small tactical overlay of total-return swaps and options manages short-term risk.

## Why America

Before it is anything else, USA First is a claim on liquidity.

For every asset in the basket, the deepest and most defensible market sits in the United States. U.S. Treasuries are the deepest sovereign debt market on earth. Gold settles globally against dollar-denominated futures. America is a leading producer and exporter of agricultural commodities. Its REIT market is the largest and most liquid, on a continental land base built to absorb stress. Defense and cybersecurity capability concentrates in U.S.-listed issuers tied to national-security spending. The basket is built on assets the world already knows how to price, custody, and settle.

That is what USA First means. It is not a slogan but a structural choice: by building the reserve on the markets with the most depth and the clearest path to settlement, USAF keeps the whole basket liquid even under stress. The equity and REIT sleeves carry an added tailwind from AI deployed across the American economy, from higher data-center utilization to defense and cybersecurity firms building autonomy and threat detection. No other market system offers all five at the same depth, liquidity, and institutional scale. Capital that enters USAF settles into the American productive base.

<Tip>
  USA First describes what the reserve is built on, not who may hold the token. The USAF ETF is U.S.-listed and available to U.S. investors; the USAFi token is offered only to eligible non-U.S. holders.
</Tip>