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

Schedule of Investments
May 31, 2021 (unaudited)
Archer Focus Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 89.79%
Accident & Health Insurance- 2.28%
Aflac, Inc.		1,375		77,935
Biological Products (No Diagnostic Substances) - 2.00%
Amgen, Inc.		287		68,289
Computer & Office Equipment - 2.22%
Cisco Systems, Inc.		1,438		76,070
Converted Paper & Paperboard Prods (No Containers/Boxes) - 2.11%
Kimberly-Clark Corp.		553		72,238
Electric Services - 5.28%
NextEra Energy, Inc.		1,119		81,933
OGE Energy Corp.		2,865		98,843
				180,776
Engines & Turbines - 2.52%
Cummins, Inc.		335		86,189
Fire, marine & Casualty Insurance - 2.52%
The Progressive Corp.		870		86,200
Hospital & Medical Service Plans - 2.38%
UnitedHealth Group, Inc.		198		81,560
Industrial Inorganic Chemicals - 2.80%
Air Products and Chemicals, Inc.		320		95,891
Industrial Organic Chemicals - 2.53%
LyondellBasell Industries NV Class A		770		86,718
Natural Gas Distribution - 2.18%
Atmos Energy Corp.		753		74,675
Oil & Gas Filed Machinery & Equipment - 2.20%
Baker Hughes Co. Class A		3,082		75,201
Operative Builders - 4.91%
D.R. Horton, Inc.		846		80,615
PulteGroup, Inc.		1,510		87,263
				167,878
Paints, Varnishes, Lacquers, Enamels & Allied Products- 2.14%
PPG Industries, Inc.		408		73,326
Petroleum Refining - 4.10%
Exxon Mobil Corp.		1,055		61,580
Valero Energy Corp.		980		78,792
				140,372
Pharmaceutical Preparations - 5.27%
Johnson & Johnson		563		95,288
Pfizer, Inc.		2,195		85,012
				180,300
Real Estate - 2.36%
CBRE Group, Inc. Class A (2)		920		80,758
Retail-Building Materials, Hardware, Garden Supply - 4.72%
The Sherwin-Williams Co.		340		96,400
Tractor Supply Co.		359		65,231
				161,631
Retail-Radio TV & Consumer Electronics Sotres- 1.80%
Best Buy Co., Inc.		530		61,607
Retail-Variety Stores - 2.72%
Target Corp.		410		93,037
Security Brokers, Dealers & Flotation Companies - 2.13%
BlackRock, Inc.		83		72,794
Semiconductors & Related Devices - 5.01%
Applied Materials, Inc.		616		85,088
Intel Corp.		1,510		86,251
				171,339
Services-Advertising Agencies - 4.92%
Omnicom Group, Inc.		1,045		85,941
The Interpublic Group of Cos., Inc.		2,450		82,540
				168,481
Services-Business Services, Inc. - 2.26%
Visa, Inc. Class A		340		77,282
Services-Computer Programming, Data Processing, Etc. - 4.63%
Alphabet, Inc. Class A  (2)		30		70,705
Facebook, Inc. Class A (2)		267		87,771
				158,476
Ship & Boat Building & Repairing - 2.27%
Huntington Ingalls Industries, Inc.		360		77,836
Sugar & Confectionery Products - 2.35%
The Hershey Co.		465		80,468
Surgical & Medical Instruments & Appartus - 2.18%
3M Co.		367		74,516
Telephone Communications (No Radio Telephone) - 2.55%
Verizon Communications, Inc.		1,543		87,164
Title Insurance - 2.43%
Fidelity National Financial, Inc.		1,770		83,172
Total Common Stock		(Cost $                2,797,790)		3,072,179
Real Estate Investment Trusts - 4.43%
Public Storage		304		85,874
Realty Income Corp.		959		65,596
Total Registered Investment Companies		(Cost $                     134,010)		151,470
Money Market Registered Investment Companies - 5.46%
Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class - 0.01% (3)		186,977		186,977
Total Money Market Registered Investment Companies		(Cost $                   186,977)		186,977
Total Investments - 99.68%		(Cost $                3,118,777)		3,410,626
Other Assets less Liabilities - .32%				10,886
Total Net Assets - 100.00%				3,421,512
(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	$	3,410,626	$	0
Level 2 - Other Significant Observable Inputs		0		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	3,410,626	$	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.