Archer Investment Series Trust NPORT-P/A Archer Balanced Fund (Nov 2020 report)

Schedule of Investments
November 30, 2020 (unaudited)
Archer Balanced Fund
			Shares or Principal
Security Description			Amount ($)		Fair Value ($)(1)
Common Stocks - 63.81%
Air Courier Services - 2.94%
FedEx Corp.			4,400		1,260,952
Aircraft Engines & Engines Parts - 2.14%
Honeywell International, Inc.			4,500		917,640
Beverages - 1.35%
PepsiCo, Inc.			4,000		576,920
Biological Products (No Diagnostic Substances) - 1.23%
Biogen, Inc. (2)			2,200		528,374
Commercial Banks - 1.57%
The Toronto Dominion Bank (Canada)			12,500		671,625
Construction & Engineering - 1.12%
Quanta Services, Inc. (2)			7,000		478,380
Electric Services - 2.61%
NextEra Energy, Inc.			15,200		1,118,568
Electromedical & Electrotherapeutic Apparatus - 1.73%
Medtronic Plc. (Ireland)			6,500		739,050
Electronic Computers - 3.52%
Apple, Inc.			9,200		1,095,260
Dell Technologies, Inc. Class C (2)			6,000		414,180
					1,509,440
Food & Kindred Products - 1.27%
Nestle S.A. ADR (2)			4,900		544,292
Guided Missiles & Space Vehicles & Parts - 1.43%
Lockheed Martin Corp.			1,675		611,375
National Commercial Banks - 3.77%
Citigroup, Inc.			12,000		660,840
JPMorgan Chase & Co.			8,100		954,828
					1,615,668
Petroleum Refining - 1.69%
Chevron Corp.			8,300		723,594
Pharmaceutical Preparations - 6.72%
Bristol Myers Squibb Co.			6,800		424,320
Johnson & Johnson			4,000		578,720
Merck & Co., Inc.			9,000		723,510
Pfizer, Inc.			22,300		854,313
Viatris, Inc. (2)			17,767		298,840
					2,879,703
Railroads, Line-Haul Operating - 1.52%
Union Pacific Corp.			3,200		653,056
Retail-Drug Stores & Proprietary Stores - 2.15%
CVS Health Corp.			13,594		921,537
Retail-Lumber & Other Building Materials Dealers - 2.14%
The Home Depot, Inc.			3,300		915,453
Retail-Variety Stores - 2.14%
Walmart Stores, Inc.			6,000		916,740
Rubber & Plastic Footwear - 2.20%
Nike, Inc. Class B			7,000		942,900
Semiconductors & Related Devices - 3.57%
Broadcom, Inc.			1,800		722,844
Intel Corp.			7,000		338,450
Texas Instruments, Inc.			2,900		467,625
					1,528,919
Services-Business Services - 5.68%
Accenture Plc. Class A (Ireland)			4,500		1,120,905
MasterCard, Inc. Class A			3,900		1,312,389
					2,433,294
Services-Computer Programming, Data Processing, Etc. - 4.63%
Alphabet, Inc. Class A (2)			500		877,200
Facebook, Inc. Class A (2)			4,000		1,107,880
					1,985,080
Services-Medical Laboratories - 1.00%
Laboratory Corp of America Holdings (2)			2,150		429,656
Services-Miscellaneous Amusement & Recreation - 2.76%
Walt Disney Co. (2)			8,000		1,184,080
Services-Prepackaged Software - 1.85%
Microsoft Corp.			3,700		792,059
Telephone Communications (No Radio Telephone) - 1.05%
AT&T, Inc.			15,700		451,375
Total Common Stock			(Cost $              16,432,909)		27,329,730
Registered Investment Companies - 5.10% (3)
Invesco Variable Rate Preferred ETF			17,000		436,220
iShares NASDAQ Biotechnology ETF			5,200		753,896
iShares US Preferred Stock ETF			12,900		486,717
JPMorgan Ultra-Short Income ETF			10,000		507,900
Total Registered Investment Companies			(Cost $                2,013,032)		2,184,733
Real Estate Investment Trusts - 2.94%
Duke Realty Corp.			18,000		685,080
Extra Space Storage, Inc.			5,100		574,923
Total Real Estate Investment Trusts			(Cost $                   819,358)		1,260,003
Corporate Bonds - 14.80% (2) (5)
Accident & Health Insurance - 0.32%
Unum Group, 4.000%, 03/15/2024			125,000		135,585
Banks & Financial Institutions - 0.47%
BK Mellon Capital IV, 4.000%, 06/10/2043 (6)			200,000		199,250
Beverages - 0.38%
Keurig Dr. Pepper, Inc., 3.130%, 12/15/2023			150,000		161,041
Computer Communications Equipment - 0.32%
Juniper Networks, Inc., 4.500%, 03/15/2024			125,000		138,690
Crude Petroleum & Natural Gas - 0.35%
Murphy Oil Corp., 4.000%, 06/01/2022			150,000		148,500
Dental Equipment & Supplies - 0.47%
DENTSPLY International, Inc., 4.125%, 08/15/2021			200,000		203,299
Electronic & Other Electrical Equipment (No Computer Equipment) - 0.54%
General Electric Co. Series A, 4.000%, 06/15/2022 Perpetual (6)			300,000		231,000
Health Care Providers & Services - 0.24%
Catholic Health Initiatives, 2.950%, 11/01/2022			100,000		103,721
Men's & Boys' Furnishings, Work Clothing & Allied Garments - 0.30%
Cintas Corp. No. 2, 4.300%, 06/01/2021			125,000		127,458
Miscellaneous Business Credit Institution - 0.12%
Ford Motor Credit Co. LLC., 3.810%, 01/09/2024			50,000		51,173
National Commercial Banks - 3.48%
Bank of America Corp., 4.000%, 03/15/2043 (6)			150,000		146,250
Bank of California, Inc., 5.250%, 04/15/2025			300,000		316,248
Citigroup, Inc., Series R, 6.125%, 3M USD LIBOR + 4.478%, Perpetual			350,000		350,560
JPMorgan & Chase Co., Series B, 2.26325%, 3M USD LIBOR + 0.50%, 02/01/2027 (6)			150,000		140,838
Old National Bancorp, 4.125%, 08/15/2024			100,000		108,648
PNC Financial Services Group, Inc., 2.47688%, 3M USD LIBOR + 0.57%, 06/01/2028 (6)			150,000		141,763
USB Capital IX, 3.500%, 3M USD LIBOR + 1.02%, 04/23/2020 (6)			300,000		287,208
					1,491,515
Operative Builders - 0.52%
Lennar Corp., 4.875%, 12/15/2023			200,000		220,900
Pharmaceutical Preparations - 0.74%
AbbVie, Inc., 2.900%, 11/06/2022			250,000		261,357
Mylan, Inc., 4.200%, 11/29/2023			50,000		54,655
					316,012
Property & Casualty Insurance - 0.54%
Zurich Reinsurance Centre Holdings, 7.125%, 10/15/2023			200,000		232,822
Real Estate - 0.13%
Aurora Military Housing, Inc., 5.350%, 12/15/2025			50,000		54,268
Retail-Apparel & Accessory Stores - 0.25%
Foot Locker, Inc., 8.500%, 01/15/2022			100,000		106,250
Retail-Drug Stores & Proprietary Stores - 0.42%
Walgreens Boots Alliance, Inc., 3.300%, 11/18/2021			175,000		178,979
Rubber & Plastic Footwear - 0.49%
Nike, Inc., 2.250%, 05/01/2023			200,000		208,663
Security Brokers, Dealers & Flotation Companies - 0.75%
The Charles Schwab Corp. Series G, 5.375%, to 06/01/2025			200,000		223,000
Morgan Stanley Series J, 4.085%, due 01/15/2021			100,000		99,500
					322,500
Services-Business Services - 0.41%
Ebay, Inc., 2.600%, 07/15/2022			170,000		174,986
Services-Computer Programming Services - 0.41%
VeriSign, Inc., 4.625%, 05/01/2023			175,000		176,750
Services-Personal Services - 0.56%
H&R Block, Inc., 5.500%, 11/01/2022			225,000		239,890
Services-Prepackaged Software - 0.57%
Symantec Corp., 3.950%, 06/15/2022			75,000		76,500
VMWare, Inc., 3.900%, 08/21/2027			150,000		167,958
					244,458
Services-Video Tape Rental - 0.35%
Netflix, Inc., 5.375%, 02/01/2021			150,000		151,125
State Commercial Banks - 1.69%
Bank of the Ozarks, 5.500%, 3M USD LIBOR + 3.935%, 07/01/2026 (6)			150,000		152,505
Eagle Bancorp, Inc., 5.750%, 09/01/2024 (6)			250,000		260,023
Fifth Third Bancorp Series L, 4.500%, to 09/30/2025			200,000		207,500
Home Bancshares, Inc., 5.625%, 3M USD LIBOR + 3.207%, 04/15/2027 (6)			100,000		102,077
					722,105
Total Corporate Bonds			(Cost $           ��    6,188,110)		6,340,940
Municipal Bonds - 6.92% (2) (5)
Arizona - 0.11%
Arizona State University Build America Bond, 5.500%, 08/01/2025			20,000		20,079
Sedona, AZ Wastewater, 0.000%, 07/01/2021			25,000		24,921
					45,000
California - 0.12%
California St. University Revenue Bond Series B, 2.785%, 11/01/2022			10,000		10,354
Porterville Unified School District, 7.250%, 07/01/2027			20,000		20,097
San Bernardino County Redevelopment Agency, 3.625%, 09/01/2024			20,000		21,685
					52,136
Georgia - 0.38%
Atlanta Development Authority, 3.750%, 01/01/2021			50,000		50,082
Georgia Loc. Govt., 4.750%, 06/01/2028			99,000		112,164
					162,246
Illinois - 0.40%
Chicago, IL Build America Bonds - Series B, 4.564%, 12/01/2020			100,000		100,000
Saint Clair Cnty, IL School District., 4.000%, 01/01/2021			70,000		70,058
					170,058
Indiana - 1.68%
Evansville, IN Vanderburgh Industry School Taxable Build American Bonds, 6.150%, 07/15/2027			135,000		135,591
Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, 08/01/2028			190,000		201,706
Indiana State University, 5.260%, 04/01/2024			25,000		25,076
New Albany Floyd County Industry School First Mortgage, 5.000%, 01/15/2027			250,000		316,002
Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, 01/15/2024			40,000		40,210
					718,585
Iowa - 0.30%
Tobacco Settlement Auth Iowa, 6.500%, 06/01/2023			126,000		128,063
Kentucky - 0.13%
Louisville/Jefferson County Metro Government, 3.000%, 05/01/2023			55,000		55,845
Maryland - 0.79%
Baltimore Maryland Board School Commissioners Taxable Qualified School Construction, 5.692%, 12/15/2025			200,000		245,984
Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, 06/01/2023			90,000		93,084
					339,068
Michigan - 0.07%
City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, 08/01/2026			25,000		30,964
New Jersey - 0.32%
City of Wildwood, NJ, 4.000%, 11/01/2021			135,000		137,950
New York - 0.96%
City of New York, NY, 1.980%, 08/01/2023			200,000		206,672
Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, 08/01/2023			200,000		206,056
					412,728
Ohio - 0.26%
Youngstown State University, OH, 6.549%, 12/15/2030			110,000		110,444
Pennsylvania - 0.58%
East Norriton and Plymouth Pennsylvania Joint Sewer Authority Sewer Revenue Taxable, 1.832%, 08/01/2028			250,000		249,325
South Carolina - 0.13%
Moncks Corner, SC Regl Recreation Corp. Build America Bonds, 6.299%, 12/01/2030			55,000		55,000
Washington - 0.19%
Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, 12/01/2025			70,000		83,104
Wisconsin - 0.50%
Greendale, WI Taxable Community Development, Series A, 4.750%, 12/01/2026			110,000		110,322
Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, 01/01/2024			100,000		103,103
	��
					213,425
Total Municipal Bonds			(Cost $                2,913,191)		2,963,941
Preferred Securities - 1.12%
Asset Management - 0.23%
B. Riley Financial, Inc., 6.500%, 09/30/2026			4,000		98,920
Motor Vehicles & Passenger Car Bodies - 0.36%
Ford Motor Co., 6.000%, 12/01/2059			6,000		152,460
National Commercial Banks - 0.12%
Wells Fargo & Co. Series P, 5.250%, 12/31/2049			2,000		50,400
Telephone Communications (No Radio Telephone) - 0.41%
QWest Corp., 6.125%, 06/01/2053			2,000		50,080
QWest Corp., 6.500%, 09/01/2056			3,000		76,530
US Cellular Corp.,  6.950%, 0 5/15/2060 Preferred			2,000		51,100
					177,710
Total Preferred Securities			(Cost $                1,224,737)		479,490
Structured Note - 0.29% (5)
Security Brokers, Dealers & Flotation Companies - 0.29%
Goldman Sachs Group, Inc., 1.360%, 11/13/2028 (6)			125,000		124,000
Total Structured Note			(Cost $                   110,110)		124,000
Money Market Registered Investment Companies - 4.69%
Federated Treasury Obligation Fund - Institutional Shares 0.01% (4)			2,010,200		2,010,200
Total Money Market Registered Investment Companies			(Cost $                2,010,200)		2,010,200
Total Investments - 99.68%			(Cost $              30,961,549)		42,693,037
Other Assets less Liabilities - 0.32%					138,338
Total Net Assets - 100.00%					42,831,375
(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of November 30, 2020 in valuing the Fund's assets carried at fair value:
			Investments in		Other Financial
Valuation Inputs			Securities		Instruments
Level 1 - Quoted Prices		$	33,264,156	$	-
Level 2 - Other Significant Observable Inputs			9,428,881		-
Level 3 - Significant Unobservable Inputs			-		-
Total		$	42,693,037	$	-
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.
(2)  Represents non-income producing securities.
(3) Exchange Traded Funds.
(4) Variable rate security; the coupon rate shown represents the yield at November 30, 2020.
(5) All Corporate Bonds, Municipal Bonds and Structured Notes are categorized as Level 2 of the fair value hierarchy. Refer to Note 3 of the accompanying notes to the financial statements for additional information.
(6) Variable or floating rate security. The stated rate represents the rate at November 30, 2020. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions.
ADR - American Depository Receipt