Archer Investment Series Trust NPORT-P Archer Income Fund (Nov 2020 report)

Schedule of Investments
November 30, 2020 (unaudited)
Archer Income Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Corporate Bonds - 54.13% (4)
Accident & Health Insurnace - 0.70%
Unum Group, 4.000%, 03/15/2024		75,000		81,351
Air Transportation, Scheduled - 1.30%
United Airlines Holdings, Inc., 6.000%, 12/01/2020		150,000		150,000
Automotive - 1.42%
General Motors, Inc., 5.700%, 09/30/2030		150,000		164,625
Beverages - 0.93%
Keurig Dr. Pepper, Inc., 3.130%, 12/15/2023		100,000		107,361
Biological Products (No Diagnostic Substances) - 0.18%
Amgen, Inc., 3.875%, 11/15/2021		20,714		21,181
Computer & Office Equipment - 0.89%
Hewlett-Packard, 4.375%, 09/15/2021		100,000		103,003
Computer Communications Equipment - 0.72%
Juniper Networks, Inc., 4.500%, 03/15/2024		75,000		83,214
Computer Storage Devices - 0.45%
EMC Corp., 3.375%, 06/01/2023		50,000		51,625
Containers & Packaging - 0.45%
Ball Corp., 5.000%, 03/15/2022		50,000		52,121
Crude Petroleum & Natural Gas - 0.86%
Murphy Oil Corp., 4.000%, 06/01/22		100,000		99,000
Dental Equipment & Supplies - 0.88%
DENTSPLY International, Inc., 4.125%, 08/15/2021		100,000		101,649
Distribution/Wholesale - 0.88%
Ingram Micro, Inc., 5.000%, 08/10/2022		100,000		102,354
Electric & Other Services Combined - 0.80%
PPL Energy Supply LLC., 4.600%, 12/15/2021		100,000		93,000
Electric Services - 1.35%
Southern California Edison Co., 6.250%, 3M USD LIBOR + 4.199%, 02/01/2022 Series E (5)		50,000		50,375
Southern Co., 2.950%, 07/01/2023		100,000		105,783
				156,158
Electronic & Other Electrical Equipment (No Computer Equipment) - 0.67%
General Electric Co. Series A, 4.000%, 06/15/2022		100,000		77,000
Food & Kindred Products - 0.70%
Conagra Foods, Inc., 9.750%, 03/01/2021		80,000		81,605
Health Care Providers & Services - 0.45%
CommonSpirit Health, 2.950%, 11/01/2022		50,000		51,861
Hospital & Medical Service Plans - 0.22%
WellPoint, Inc., 3.700%, 08/15/2021		25,000		25,388
Men's & Boys' Furnishings, Work Clothing,  Allied Garments - 0.66%
Cintas Corp. No. 2, 4.300%, 06/01/2021		75,000		76,475
Miscellaneous Business Credit Institution - 0.84%
Ford Motor Credit Co. LLC., 4.200%, 02/20/2027		100,000		97,670
National Commercial Banks - 8.30%
Banc of California, Inc., 5.250%, 04/15/2025		200,000		210,832
BK Mellon Capital IV, 4.000%, 10/13/2020		200,000		199,250
Citigroup, Inc. Series R, 6.125%, to 11/15/2020 (5) (6)		150,000		150,240
JPMorgan & Chase Co. Series B, 2.26325%, 3M USD LIBOR + 0.50%, 02/01/2027 (5)		150,000		140,838
JPMorgan & Chase Co. Series Z, 4.051%, 3M USD LIBOR + 3.80%, 02/01/2027 (5)		150,000		150,863
Old National Bancorp, 4.125%, 08/15/2024		100,000		108,648
				960,671
Natural Gas Distribution - 0.48%
National Fuel Gas Co., 5.200%, 07/15/2025		50,000		55,217
Operative Builders - 0.48%
Lennar Corp., 4.875%, 12/15/2023		50,000		55,225
Pharmaceutical Preparations - 0.45%
AbbVie, Inc., 2.900%, 11/06/2022		50,000		52,271
Property & Casualty Insurance - 1.51%
Finial Holdings, Inc., 7.125%, due 10/15/2023		150,000		174,616
Real Estate - 0.47%
Aurora Military Housing LLC., 5.350%, 12/15/2025		50,000		54,268
Retail-Department Store - 0.32%
Dillards, Inc., 7.750%, 07/15/2026		35,000		37,571
Retail-Drug Stores & Proprietary Stores - 5.06%
CVS Health Corp., 3.500%, 07/20/2022		200,000		209,044
CVS Health Corp., 2.750%, 12/01/2022		190,000		197,666
Walgreens Boots Alliance, Inc., 3.300%, 11/18/2021		175,000		178,979
				585,689
Retail-Shoe Stores - 1.38%
Foot Locker, Inc., 8.500%, 01/15/2022		150,000		159,375
Rubber & Plastics Footwear - 1.35%
Nike, Inc., 2.250%, 05/01/2023		150,000		156,497
Security Brokers, Dealers & Flotation Companies - 2.30%
Morgan Stanley Series J, 4.047%, due 01/15/2021 (3) (6)		100,000		99,500
The Charles Schwab Corp. Series G, 5.375%, to 06/01/2025 (5) (6)		150,000		167,250
				266,750
Services-Business Services - 1.58%
eBay, Inc., 2.600%, 07/15/2022		80,000		82,347
Global Payments, Inc., 3.800%, 04/01/2021		100,000		100,856
				183,203
Services-Computer Programming Services - 1.05%
VeriSign, Inc., 4.625%, 05/01/2023		120,000		121,200
Services-Medical Laboratories - 0.89%
Laboratories Corp. of America Holdings, Inc., 3.200%, 02/01/2022		100,000		103,214
Services-Personal Services - 2.07%
H&R Block, Inc., 5.500%, 11/01/2022		225,000		239,890
Services-Prepackaged Software - 1.89%
NortonLifelock, Inc., 3.950%, due 6/15/2022		50,000		51,000
VMWare, Inc., 3.900%, 08/21/2027		150,000		167,958
				218,958
Services-Video Tape Rental - 0.87%
Netflix, Inc., 5.375%, 02/01/2021		100,000		100,750
Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 0.32%
Procter & Gamble Co., 9.360%, 01/01/2021		36,690		36,942
State Commercial Banks - 4.45%
Bank of the Ozarks, 5.500%, 3M LIBOR + 3.935%, 07/01/2026 (5)		100,000		101,670
Eagle Bancorp, Inc., 5.750%, 09/01/2024		150,000		156,014
Fifth Thrid Bancorp, 4.500% Preferred, 10/30/2020		150,000		155,625
Home Bancshares, Inc., 5.625%, 3M LIBOR + 3.207, 04/15/2027 (5)		100,000		102,077
				515,386
Telephone Communications (No Radio Telephone) - 0.54%
Indiana Bell Tel Co., Inc., 7.300%, 08/15/2026		50,000		62,992
Television Broadcasting Stations - 0.55%
CBS Broadcasting, Inc., 7.125%, 11/01/2023		54,000		63,363
Travel & Lodging - 0.87%
Wyndham Worldwide Corp., 5.625%, 03/01/2021		100,000		101,000
Wholesale-Groceries & General Line - 1.61%
Sysco Corp., 6.500%, 08/01/2028		152,000		186,060
Total Corporate Bonds		(Cost $                6,096,024)		6,267,749
Registered Investment Companies - 3.85% (2)
Invesco Variable Rate Preferred ETF		8,000		205,280
iShares US Preferred Stock ETF		1,000		37,730
JPMorgan Ultra-Short Income ETF		4,000		203,160
Total Registered Investment Companies		(Cost $                   444,956)		446,170
Municipal Bonds - 26.26% (4)
Arizona - 0.56%
City of Phoenix, AZ, 2.717%, 07/01/2022		40,000		41,387
Maricopa County School District No. 66 Roosevelt Elementary 6.243%, 07/01/2026		25,000		23,014
				64,401
California - 1.49%
Sacramento, CA Pension Oblg. Series A, 6.420%, 08/01/2023		50,000		57,544
Sacramento Cnty., CA Pension Oblg., 6.625%, 08/01/2024		95,000		114,724
				172,268
Connecicut - 0.19%
Stratford CT, 5.750%, 08/15/2030		20,000		21,815
Florida - 0.27%
Osceola County, FL 6.020%, 10/01/2026		30,000		31,387
Georgia - 0.88%
Atlanta Development Authority, 3.750%, 01/01/2021		45,000		45,074
Georgia Local Government, 4.750%, 06/01/2028		50,000		56,649
				101,723
Illinois - 1.78%
Chicago, IL Build America Bonds - Series B, 4.564%, 12/01/2020		50,000		50,000
Eastern IL University Build America Bond, 5.900%, 04/01/2023		45,000		44,845
Rosemont, IL Ref Bds Series A, 5.375%, 12/1/2025		15,000		17,270
Saint Clair County, IL School District No. 189 East St. Louis, 4.000%, 01/01/2021		30,000		30,025
State of Illinois, 4.950%, 06/01/2023		65,455		54,208
State of Illinois, 6.200%, 07/01/2021		20,000		10,193
				206,541
Indiana - 5.36%
Beech Grove, IN Sch Bldg. Corp., 2.850%, 07/05/2025		140,000		152,601
Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 5.900%, 07/15/2026		165,000		165,690
Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, 07/15/2027		100,000		100,438
Indiana St Univ Revs BAB, 5.260%, 04/01/2024		10,000		10,031
Lake Station, IN, Multi Sch Bldg. Corp., Series B, 4.000%, 07/15/2022		50,000		51,039
Merrillville, IN, Multi Sch Bldg. Corp., Series B, 3.860%, 07/15/2023		50,000		52,343
Mt. Vernon of Hancock County Multi-School Bldg. Corp., 5.280%, 07/15/2029		40,000		43,085
Portage, IN, Industry Redevelopment District Tax, 7.250%, 07/15/2024		20,000		20,153
Warsaw Industry Redevelopment District Tax Taxable Special Taxing District Series A, 4.750%, 02/01/2026		25,000		25,292
				620,672
Iowa - 0.52%
Iowa Tobacco Settlement Authority, 6.500%, 06/01/2023		59,000		59,966
Maryland - 1.06%
Baltimore City Board of School Commissioners City Schools Revenue Bonds, Series 2011, 5.692%, 12/15/2025		100,000		122,992
Minnesota - 0.88%
University of Minnesota, 2.485%, 08/01/2021		100,000		101,406
Mississippi - 0.04%
Jackson, MS Mun Arpt Auth. Series C, 4.900%, 10/01/2021		5,000		5,121
Missouri - 0.61%
County of St. Louis, MO, 5.450%, 12/01/2031		50,000		50,000
Kansas City, MO Taxable Gen Obl Series B, 5.050%,0 2/01/2023		20,000		20,063
				70,063
New Jersey - 1.45%
City of Wildwood, NJ, 4.000%, 11/01/2021		100,000		102,185
Hudson County, NJ 6.890%, 03/01/2026		65,000		65,870
				168,055
New York - 3.53%
City of New York, NY, 1.980%, 08/01/2023		150,000		155,004
Erie County, NY Tobacco Asset Corp., 6.000%, 06/01/2028		50,000		50,041
Nassau County, NY Series F, 6.800%, 10/01/2027		75,000		75,317
Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, 08/01/2023		125,000		128,785
				409,147
Ohio - 3.41%
Bloom & Carroll Ohio Loc Sch Dist, 5.800%, 12/01/2025		60,000		72,460
City of Avon, OH General Obligation Various Purpose Improvement Refunding Bonds, Series 2020, 0.955%, 12/01/2025		100,000		100,199
Cleveland, OH Income Tax Revenue Build America Bonds, 6.060%, 10/01/2026		30,000		28,446
JobsOhio Beverage System Statewide Senior Lien Liquor Profits Taxable Revenue Refunding Bonds, Series 2020A, 2.268%, 01/01/2028		125,000		132,286
Montgomery, OH Special Obligation Revenue Bond, 4.000%, 10/01/2027		60,000		61,107
				394,498
Oklahoma - 0.24%
Garfield County, OK, 6.000%, 09/01/2024		25,000		27,688
Oregon - 0.25%
Oregon State Sch Brds Assn Pension, Series B, 5.450%, 06/30/2024		25,000		29,179
Pennsylvania - 1.72%
East Norriton Plymouth Whitpain Joint Sewer Authority 1.832%, 08/01/2028		200,000		199,460
Texas - 1.67%
Austin, TX Electric Utility System Revenue Taxable Series A, 2.524%, 11/15/2023		20,000		21,228
City of Irving, TX, 5.657%, 08/15/2023		25,000		26,620
North Texas Tollway Authority, 8.410%, 02/01/2030		50,000		67,323
Reeves Cnty., TX Cops Taxable - Lease Rentals, 6.375%, 12/01/2021		40,000		40,958
Texas St. Taxable Refunding Public Finance Authority Series C, 2.531%, 10/01/2023		35,000		37,228
				193,357
Wisconsin - 0.35%
Public Finance Authority, WI, 5.750%, 06/01/2023		45,000		40,790
Total Municipal Bonds		(Cost $                2,997,619)		3,040,529
Preferred Securities - 5.93%
Asset Management - 0.64%
B Riley Financial, Inc., 6.50%, 09/30/2026		3,000		74,190
National Commercial Banks - 0.00%
BAC Capital Trust XIII Series F, 4.000% (3) (6)		100,000		97,500
PNC Financial Services Group, Inc., 2.47688%, 3M USD LIBOR + 0.57%, 06/01/2028 (5)		150,000		141,763
USB Capital IX, 3.500%, 3M USD LIBOR + 1.02%, 04/23/2020 (5)		200,000		191,472
				430,735
State Commercial Banks - 0.69%
Medallion Bank Utah Series F, 8.000%, SOFR + 6.46%, 04/01/2025 (5)		4,000		79,840
Telephone Communications (No Radio Telephone) - 0.88%
US Cellular Corp., PFD 6.950%, 05/15/2060		4,000		102,200
Total Preferred Securities		(Cost $                   686,507)		686,965
Structured Note - 3.88% (4)
National Commercial Banks - 2.00%
Bank of America Corp., 0.808%, 06/24/2030 (5)	64,206	82,000		76,670
Bank of America Corp., 0.556%, 07/14/2031 (5)	62,960	80,000		62,400
Key Corp., 2.64938, 3M USD LIBOR + 0.740%, 07/01/2028 (5)	92,750	100,000		92,599
				231,669
Security Brokers, Dealers & Flotation Companies - 1.88%
Goldman Sachs Group, Inc., 1.360%, 11/13/2028 (5)	96,450	120,000		119,040
Goldman Sachs Group, Inc., 1.89255%, 12/13/2028 (5)	99,000	100,000		98,500
				217,540
Total Structured Note		(Cost $                   435,988)		449,209
Money Market Registered Investment Companies - 4.86%
Federated Treasury Obligation Fund - Institutional Shares 0.01% (3)		563,082		563,082
Total Money Market Registered Investment Companies		(Cost $                   563,082)		563,082
Total Investments - 98.92%		(Cost $              11,224,176)		11,453,704
Other Assets less Liabilities - 1.08%				124,910
Total Net Assets - 100.00%				11,578,614
(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	$	1,696,217	$	-
Level 2 - Other Significant Observable Inputs		9,757,487		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	11,453,704	$	-
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) Exchange Traded Funds.
(3) Variable rate security; the coupon rate shown represents the yield at November 30, 2020.
(4) 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.
(5) 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.
(6) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer.