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

Schedule of Investments
May 31, 2021 (unaudited)
Archer Dividend Growth Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 11.33%
Beverages - 1.88%
PepsiCo, Inc.		2,900		429,026
Bottled & Canned Soft Drinks Carbonated Waters - 2.19%
Coca-Cola FEMSA, S.A.B. de C.V. ADR		10,200		500,004
Canned, Fruits, Veg & Preserves, Jams & Jellies - 2.28%
J.M. Smucker Co.		3,900		519,831
Computer & Office Equipment - 2.39%
Cisco Systems, Inc.		10,300		544,870
Construction Machinery & Equip - 2.56%
Caterpillar, Inc.		2,425		584,619
Electric & Other Services Combined - 5.52%
Consolidated Edison, Inc.		5,350		413,234
Duke Energy Corp.		4,300		430,946
Exelon Corp.		9,200		415,104
				1,259,284
Electric Services - 5.96%
American Electric Power Co., Inc.		4,500		387,000
Entergy Corp.		4,800		505,248
Southern Co.		7,300		466,616
				1,358,864
Finance Services - 2.38%
Hercules Capital, Inc.		32,000		543,360
Fire, Marine & Casualty Insurance - 1.43%
Progressive Corp.		3,300		326,964
Guided Missiles & Space Vehicles & Parts - 1.68%
Lockheed Martin Corp.		1,000		382,200
Insurance Agents Brokers & Services - 2.19%
Arthur J. Gallagher & Co.		3,400		498,474
Misc Industrial & Commercial Machinery & Equipment - 2.48%
Eaton Corp. PLC (Ireland)		3,900		566,475
National Commercial Banks - 6.32%
JPMorgan Chase & Co.		3,500		574,840
Regions Financial Corp.		37,000		866,170
				1,441,010
Natural Gas Transmission - 2.41%
Kinder Morgan, Inc.		30,000		550,200
Oil, Gas & Consumable Fuels- 1.73%
BP PLC		15,000		393,450
Paper Mills - 2.68%
International Paper Co.		9,680		610,808
Petroleum Refining - 2.28%
Chevron Corp.		5,000		518,950
Pharmaceutical Preparations - 12.88%
AbbVie, Inc.		6,350		718,820
Bristol Myers Squibb Co.		5,225		343,387
Johnson & Johnson		2,500		423,125
Merck & Co., Inc.		6,100		462,929
Pfizer, Inc.		14,900		577,077
Viatris, Inc.		27,099		412,989
				2,938,327
Plastics, Materials, Synth Resins & Nonv- 1.89%
Dow, Inc.		6,300		431,046
Retail - Drug Stores and Proprietary Stores - 4.25%
CVS Health Corp.		6,400		553,216
Walgreens Boots Alliance, Inc.		7,900		416,014
				969,230
Search, Detection, Navigation, Guidance, Aeronautical Systems - 2.43%
Garmin Ltd. (Switzerland)		3,900		554,736
Semiconductors & Related Devices - 3.23%
Broadcom, Inc.		487		230,025
Texas Instruments, Inc.		2,670		506,819
				736,844
Services - Personal Services - 2.39%
H&R Block		22,000		546,040
Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 2.19%
Procter & Gamble Co.		3,700		498,945
Surgical & Medical Instruments & Apparatus - 0.95%
3M Co.		1,062		215,628
Telephone Communications (No Radio Telephone) - 3.47%
BCE, Inc.		7,400		367,928
Verizon Communications, Inc.		7,500		423,675
				791,603
Trucking & Courier Services (No Air) - 3.53%
United Parcel Service, Inc. Class B		3,750		804,750
Total Common Stock		(Cost $              14,301,071)		19,515,538
Real Estate Investment Trust - 12.30%
American Campus Communities, Inc.		11,860		559,318
Crown Castle International Corp.		2,700		511,650
Digital Realty Trust, Inc.		3,400		515,304
Iron Mountain, Inc.		12,000		522,480
W. P. Carey, Inc.		6,300		475,335
Total Real Estate Investment Trusts		(Cost $                1,823,134)		2,584,087
Money Market Registered Investment Companies - 2.83%
Federated Treasury Obligation Fund - Institutional Shares - 0.01 % (3)		645,241		645,241
Total Money Market Registered Investment Companies		(Cost $                   645,241)		645,241
Total Investments - 99.74%		(Cost $              15,133,528)		22,744,866
Other Assets less Liabilities - .26%				59,940
Total Net Assets - 100.00%				22,804,806
(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	$	22,744,866	$	0
Level 2 - Other Significant Observable Inputs		0		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	22,744,866	$	0
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)  Variable rate security; the coupon rate shown represents the yield at May 31, 2021