Archer Investment Series Trust NPORT-P Archer Balanced Fund (May 2021 report)

Schedule of Investments
May 31, 2021 (unaudited)
Archer Balanced Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 65.63%
Air Courier Services - 2.87%
FedEx Corp.		4,400		1,385,164
Aircraft Engines & Engines Parts - 2.39%
Honeywell International, Inc.		5,000		1,154,550
Beverages - 1.23%
PepsiCo, Inc.		4,000		591,760
Biological Products (No Diagnostic Substances) - 1.22%
Biogen, Inc. (2)		2,200		588,456
Commercial Banks - 1.87%
Toronto Dominion Bank (Canada)		12,500		901,250
Electric Services - 2.31%
NextEra Energy, Inc.		15,200		1,112,944
Electromedical & Electrotherapeutic Apparatus - 1.71%
Medtronic PLC (Ireland)		6,500		822,835
Electrical Work - 2.17%
Quanta Services, Inc.		11,000		1,048,850
Electronic Computers - 2.96%
Apple, Inc.		6,700		834,887
Dell Technologies, Inc. Class C (2)		6,000		591,840
				1,426,727
Food & Kindred Products - 1.26%
Nestle S.A. ADR		4,900		605,983
Guided Missiles & Space Vehicles & Parts - 2.22%
Lockheed Martin Corp.		2,800		1,070,160
National Commercial Banks - 5.20%
Citigroup, Inc.		15,000		1,180,650
JPMorgan Chase & Co.		8,100		1,330,344
				2,510,994
Petroleum Refining - 1.79%
Chevron Corp.		8,300		861,457
Pharmaceutical Preparations - 6.59%
Bristol Myers Squibb Co.		8,550		561,906
Johnson & Johnson		5,000		846,250
Merck & Co., Inc.		11,950		906,886
Pfizer, Inc.		22,300		863,679
				3,178,721
Railroads, Line-Haul Operating - 2.14%
Union Pacific Corp.		4,600		1,033,758
Retail-Drug Stores & Proprietary Stores - 2.44%
CVS Health Corp.		13,594		1,175,065
Retail-Lumber & Other Building Materials Dealers - 2.18%
The Home Depot, Inc.		3,300		1,052,403
Retail-Variety Stores - 2.36%
WalMart, Inc.		8,000		1,136,240
Rubber & Plastic Footwear - 1.70%
Nike, Inc. Class B		6,000		818,760
Semiconductors & Related Devices - 4.23%
Broadcom, Inc.		1,800		850,194
Intel Corp.		11,200		639,744
Texas Instruments, Inc.		2,900		550,478
				2,040,416
Services-Business Services - 4.67%
Accenture PLC Class A (Ireland)		3,000		846,480
MasterCard, Inc. Class A		3,900		1,406,262
				2,252,742
Services-Computer Programming, Data Processing, Etc. - 5.53%
Alphabet, Inc. Class A (2)		535		1,260,915
Facebook, Inc. Class A (2)		4,275		1,405,321
				2,666,236
Services-Medical Laboratories - 1.22%
Laboratory Corp of America Holdings (2)		2,150		590,132
Services-Miscellaneous Amusement & Recreation - 1.48%
Walt Disney Co. (2)		4,000		714,600
Services-Prepackaged Software - 1.91%
Microsoft Corp.		3,700		923,816
Total Common Stock		(Cost $              17,671,920)		31,664,019
Exchange-Traded Funds - 3.01% (3)
Invesco Variable Rate Preferred ETF		17,000		443,870
iShares US Preferred Stock ETF		12,900		501,165
JPMorgan Ultra-Short Income ETF		10,000		507,700
Total Exchange-Traded Funds		(Cost $                1,433,264)		1,452,735
Real Estate Investment Trusts - 3.50%
Duke Realty Corp.		19,900		924,554
Extra Space Storage, Inc.		5,100		764,031
Total Real Estate Investment Trusts		(Cost $                   897,545)		1,688,585
Corporate Bonds - 13.29% (2) (5)
Accident & Health Insurance - 0.28%
Unum Group, 4.000%, 03/15/2024		125,000		135,495
Air Transportation, Scheduled - 0.42%
American Airlines 2013-2, 4.950%, due 1/15/23		200,562		202,569
Beverages - 0.33%
Keurig Dr. Pepper, Inc., 3.130%, 12/15/2023		150,000		159,038
Crude Petroleum & Natural Gas - 0.32%
Murphy Oil Corp., 6.875%, 08/15/2024		150,000		153,600
Dental Equipment & Supplies - 0.42%
DENTSPLY International, Inc., 4.125%, 08/15/2021		200,000		200,452
Electronic & Other Electrical Equipment (No Computer Equipment) - 0.56%
General Electric Co. Series A, 4.000%, 06/15/2022 Perpetual (a) (b)		300,000		269,250
Health Care Providers & Services - 0.21%
CommonSpirit Health, 2.950%, due 11/01/2022		100,000		103,392
Men's & Boys' Furnishings, Work Clothing & Allied Garments - 0.26%
Cintas Corp. No. 2, 4.300%, 06/01/2021		125,000		125,000
Miscellaneous Business Credit Institution - 0.11%
Ford Motor Credit Co. LLC., 3.810%, 01/09/2024		50,000		51,938
National Commercial Banks - 2.36%
Banc of California, Inc., 5.250%, due 04/15/2025		300,000		316,897
Citigroup, Inc. Series B, 5.900%, to 02/15/2023 (a) (b)		200,000		210,500
JPMorgan & Chase Co., Series B, 0.67563%, due 2/01/2027 (3M USD LIBOR + 0.500%) FRN		150,000		143,872
Mellon Capital IV, 4.00%, to 12/31/2099 (3-month US Libor + 0.565%) (b) (4)		200,000		199,136
Old National Bancorp, 4.125%, 08/15/2024		100,000		109,221
Truist Financial Corp. Series M Perpetual, 5.125%, 12/15/2027 (b) (4)		150,000		159,750
				1,139,376
Operative Builders - 0.45%
Lennar Corp., 4.875%, 12/15/2023		200,000		218,292
Personal Credit Institutions - 0.58%
Discover Financial Services, Series D Perpetual, 6.125%, 09/23/2165 (b) (4)		250,000		281,175
Pharmaceutical Preparations - 0.65%
AbbVie, Inc., 2.900%, 11/06/2022		250,000		259,030
Mylan, Inc., 4.200%, 11/29/2023		50,000		53,798
				312,828
Property & Casualty Insurance - 0.47%
Finial Holdings, Inc., 7.125%, due 10/15/2023 (Switzerland)		200,000		228,877
Retail-Apparel & Accessory Stores - 0.22%
Foot Locker, Inc., 8.500%, 01/15/2022		100,000		103,875
Retail-Drug Stores & Proprietary Stores - 0.37%
Walgreens Boots Alliance, Inc., 3.300%, 11/18/2021		175,000		176,497
Rubber & Plastic Footwear - 0.43%
Nike, Inc., 2.250%, 05/01/2023		200,000		206,750
Security Brokers, Dealers & Flotation Companies - 0.66%
The Charles Schwab Corp. Series G, 5.375%, to 06/01/2025 (a) (b)		200,000		220,700
Morgan Stanley, Series MTN, 8.775%, due 08/30/2028 (4)		95,000		98,325
				319,025
Services-Business Services - 0.36%
Ebay, Inc., 2.600%, 07/15/2022		170,000		173,217
Services-Computer Programming Services - 0.36%
VeriSign, Inc., 4.625%, 05/01/2023		175,000		175,240
Services-Personal Services - 0.49%
Block Financial LLC, 5.500%, 11/01/2022		225,000		234,732
Services-Prepackaged Software - 0.50%
NortonLifelock, Inc., 3.950%, due 06/15/2022		75,000		76,500
VMWare, Inc., 3.900%, 08/21/2027		150,000		166,683
				243,183
State Commercial Banks - 2.48%
Ally Financial, Inc., Series B, 4.70%, Perpetual		250,000		256,875
Bank of the Ozarks, 5.500%, 3M USD LIBOR + 3.935%, 07/01/2021 (a) (maturity date: 07/01/26)		150,000		150,321
Eagle Bancorp, Inc., 5.750%, 09/01/2024		250,000		270,525
Fifth Third Bancorp Series L, 4.500%, to 09/30/2025 (4)		200,000		217,750
Home Bancshares, Inc., 5.625%, 3M USD LIBOR + 3.207%, 04/15/2022 (a) (maturity date: 4/15/27)		100,000		103,030
SVB Financial Group, 4.10%, 05/15/2169, Perpetual (b)		200,000		199,750
				1,198,251
Total Corporate Bonds		(Cost $                6,266,781)		6,412,052
Municipal Bonds - 5.19% (2) (5)
Arizona - 0.05%
Sedona, AZ Wastewater, 0.000%, 07/01/2021		25,000		24,994
California - 0.11%
California St. University Revenue Bond Series B, 2.785%, 11/01/2022		10,000		10,237
Porterville Unified School District, 7.250%, 07/01/2027		20,000		20,082
San Bernardino County Redevelopment Agency, 3.625%, 09/01/2024		20,000		21,500
				51,819
Georgia - 0.23%
Georgia Loc. Govt., 4.750%, 06/01/2028		99,000		111,187
Indiana - 0.81%
Evansville, IN Vanderburgh Industry School Taxable Build American Bonds, 6.150%, 07/15/2027		135,000		135,495
Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, 08/01/2028		190,000		196,975
Indiana State University, 5.260%, 04/01/2024		25,000		25,069
Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, 01/15/2024		35,000		35,127
				392,666
Kentucky - 0.12%
Louisville/Jefferson County Metro Government, 3.000%, 05/01/2023		55,000		55,766
Maryland - 0.69%
Baltimore Maryland Board School Commissioners Taxable Qualified School Construction, 5.692%, 12/15/2025		200,000		240,524
Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, 06/01/2023		90,000		91,973
				332,497
Michigan - 0.06%
City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, 08/01/2026		25,000		30,168
New Jersey - 0.28%
City of Wildwood, NJ, 4.000%, 11/01/2021		135,000		136,382
New York - 0.85%
City of New York, NY, 1.980%, 08/01/2023		200,000		206,598
Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, 08/01/2023		200,000		205,310
				411,908
Ohio - 0.23%
New Albany Floyd County Industry School First Mortgage, 5.000%, 01/15/2027		250,000		307,630
Youngstown State University, OH, 6.549%, 12/15/2030		110,000		110,358
				417,988
Pennsylvania - 0.51%
East Norriton and Plymouth Pennsylvania Joint Sewer Authority Sewer Revenue Taxable, 1.832%, 08/01/2028		250,000		246,595
Washington - 0.17%
Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, 12/01/2025		70,000		81,096
Wisconsin - 0.44%
Greendale, WI Taxable Community Development, Series A, 4.750%, 12/01/2026		110,000		110,261
Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, 01/01/2024		100,000		102,741
				213,002
Total Municipal Bonds		(Cost $                2,473,061)		2,506,068
Preferred Securities - 2.99%
Asset Management - 0.21%
B. Riley Financial, Inc., 6.500%, 09/30/2026		4,000		103,520
Motor Vehicles & Passenger Car Bodies - 0.33%
Ford Motor Co., 6.000%, 12/01/2059		6,000		160,500
National Commercial Banks - 1.86%
BAC Capital Trust XIII Series F, 4.000%, 03/15/2043 (b) (4)		150,000		149,309
Huntington Bancshares, Inc. Series E, 5.70%, to 04/15/2023 (a) (b)		150,000		153,281
Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/2027 (a) (b)		150,000		160,316
PNC Financial Services Group, Inc., 0.761%, due 6/01/28 (3-month Libor + 0.57%) FRN		150,000		145,171
USB Capital IX, 3.500%, (3M USD LIBOR + 1.020%) (b) (4)		300,000		290,805
				898,882
Other Real Estate Investment Trust - 0.32%
Ready Capital Corp., 5.75%, 02/15/2026		6,000		153,600
Telephone Communications (No Radio Telephone) - 0.26%
QWest Corp., 6.500%, 09/01/2056		3,000		76,050
US Cellular Corp.,  6.950%, 05/15/2060		2,000		51,320
				127,370
Total Preferred Securities		(Cost $                1,390,384)		1,443,872
Structured Note - 0.26% (5)
Security Brokers, Dealers & Flotation Companies - 0.26%
Goldman Sachs Group, Inc., 4.88325%, Capped at 10% (4) (maturity date: 11/13/2028)		125,000		123,287
Total Structured Note		(Cost $                   110,028)		123,287
Money Market Registered Investment Companies - 5.82%
Federated Treasury Obligation Fund - Institutional Shares 0.01% (4)		2,808,307		2,808,307
Total Money Market Registered Investment Companies		(Cost $                2,808,307)		2,808,307
Total Investments - 99.69%		(Cost $              33,052,288)		48,098,925
Other Assets less Liabilities - 0.31%				147,723
Total Net Assets - 100.00%				48,246,648
(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 May 31, 2021 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments
Level 1 - Quoted Prices	$	39,057,518	$	-
Level 2 - Other Significant Observable Inputs		9,041,407		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	48,098,925	$	-
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 May 31, 2021.
(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.
(a) Security converts to floating rate after the indicated fixed-rate coupon period.
(b) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer.
ADR - American Depository Receipt
LIBOR- London Inter-Bank Offer Rate, which is an international interest rate benchmark that almost all banks use as reference to set their funding costs.
FRN - Floating Rate Note is a debt instrument whose coupon rate is variable and it tied to a benchmark rate such as LIBOR or the US Treasury Bill rate.
3-month is the period where it is a fixed period of 3 months a lender will lend at that cost.