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

Schedule of Investments
November 30, 2021 (unaudited)
Archer Balanced Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 65.40%
Air Courier Services - 2.05%
FedEx Corp.		4,400		1,013,628
Aircraft Engines & Engines Parts - 2.05%
Honeywell International, Inc.		5,000		1,011,200
Beverages - 1.29%
PepsiCo, Inc.		4,000		639,120
Commercial Banks - 1.82%
Toronto Dominion Bank (Canada)		12,500		900,750
Electric Services - 2.67%
NextEra Energy, Inc.		15,200		1,319,056
Electromedical & Electrotherapeutic Apparatus - 1.40%
Medtronic PLC (Ireland)		6,500		693,550
Electrical Work - 2.53%
Quanta Services, Inc.		11,000		1,251,580
Electronic Computers - 2.93%
Apple, Inc.		6,700		1,107,510
Dell Technologies, Inc. Class C (2)		6,000		338,820
				1,446,330
Food & Kindred Products - 1.27%
Nestle S.A. ADR (2)		4,900		629,650
Guided Missiles & Space Vehicles & Parts - 1.89%
Lockheed Martin Corp.		2,800		933,296
National Commercial Banks - 4.54%
Citigroup, Inc.		15,000		955,500
JPMorgan Chase & Co.		8,100		1,286,523
				2,242,023
Petroleum Refining - 1.90%
Chevron Corp.		8,300		936,821
Pharmaceutical Preparations - 7.65%
Bristol Myers Squibb Co.		8,550		458,537
Eli Lilly & Co.		1,800		446,472
Johnson & Johnson		5,000		779,650
Merck & Co., Inc.		11,950		895,174
Pfizer, Inc.		22,300		1,198,179
				3,778,012
Railroads, Line-Haul Operating - 2.19%
Union Pacific Corp.		4,600		1,083,944
Retail-Drug Stores & Proprietary Stores - 2.45%
CVS Health Corp.		13,594		1,210,682
Retail-Lumber & Other Building Materials Dealers - 2.35%
Home Depot, Inc.		2,900		1,161,769
Retail-Variety Stores - 2.28%
WalMart, Inc.		8,000		1,125,040
Rubber & Plastics Footwear - 2.06%
Nike, Inc. Class B		6,000		1,015,440
Semiconductors & Related Devices - 4.26%
Broadcom, Inc.		1,800		996,624
Intel Corp.		11,200		551,040
Texas Instruments, Inc.		2,900		557,873
				2,105,537
Services-Business Services - 4.40%
Accenture PLC Class A (Ireland)		3,000		1,072,200
MasterCard, Inc. Class A		3,500		1,102,220
				2,174,420
Services-Computer Programming, Data Processing, Etc. - 5.88%
Alphabet, Inc. Class A (2)		535		1,518,303
Meta Platforms, Inc. Class A (2)		4,275		1,387,067
				2,905,370
Services-Medical Laboratories - 1.24%
Laboratory Corp. of America Holdings (2)		2,150		613,459
Services-Miscellaneous Amusement & Recreation - 1.17%
Walt Disney Co. (2)		4,000		579,600
Services-Prepackaged Software - 3.10%
Microsoft Corp.		3,700		1,223,183
VMWare, Inc. Class A (2)		2,643		308,544
				1,531,727
Total Common Stock		(Cost $          17,344,022)		32,302,004
Exchange-Traded Funds - 2.85% (3)
Invesco Variable Rate Preferred ETF		12,000		307,440
iShares iBoxx $ High Yield Corporate Bond ETF		1,136		97,287
iShares US Preferred Stock ETF		12,900		495,489
JPMorgan Ultra-Short Income ETF		10,000		505,900
Total Exchange-Traded Funds		(Cost $            1,406,078)		1,406,116
Real Estate Investment Trusts - 4.42%
Duke Realty Corp.		19,900		1,160,767
Extra Space Storage, Inc.		5,100		1,020,000
Total Real Estate Investment Trusts		(Cost $               897,545)		2,180,767
Corporate Bonds - 18.46%  (5)
Accident & Health Insurance - 0.27%
Unum Group, 4.000%, due 03/15/2024		125,000		132,393
Air Transportation, Scheduled - 0.74%
American Airlines 2013-2 Class A Pass Through Trust, 4.950%, due 01/15/2023		86,571		88,745
Southwest Airlines Co., 5.250%, due 05/04/2025		250,000		277,856
				366,601
Aircraft - 0.52%
Boeing Co., 2.600%, due 10/30/2025		250,000		255,581
Beverages - 0.32%
Keurig Dr. Pepper, Inc., 3.130%, due 12/15/2023		150,000		156,403
Commercial Banks - 0.20%
Royal Bank of Canada, 1.200%, due 04/27/2026 (Canada)		100,000		98,553
Crude Petroleum & Natural Gas - 0.22%
Murphy Oil Corp., 6.875%, due 08/15/2024		109,000		110,363
Electric Services - 0.22%
Southern California Edison Co. Series E, 3.700%, 08/01/2025		100,000		107,313
Electronic & Other Electrical Equipment (No Computer Equipment) - 0.54%
General Electric Co. Series A, 4.000%, to 06/15/2022 (a) (b)		300,000		266,625
Gen Building Contractors - Residential Buildings - 0.78%
Lennar Corp., 4.750%, due 11/29/2027		150,000		170,474
Lennar Corp., 4.875%, due 12/15/2023		200,000		212,806
				383,280
Health Care Providers & Services - 0.21%
CommonSpirit Health, 2.950%, due 11/01/2022		100,000		101,949
Investment Advice - 0.43%
Affiliated Managers Group, Inc., 3.50%, 08/01/2025		200,000		213,713
Miscellaneous Business Credit Institution - 0.10%
Ford Motor Credit Co. LLC., 3.810%, due 01/09/2024		50,000		51,250
National Commercial Banks - 3.40%
Banc of California, Inc., 5.250%, due 04/15/2025		300,000		313,603
Bank of America Corp. Series L, 3.950%, due 04/21/2025		100,000		107,355
Citigroup, Inc. Series B, 5.900%, to 02/15/2023 (a) (b)		200,000		205,250
JPMorgan Chase Co., 3.45088%, to 04/01/2022 (b) FRN		150,000		148,500
JPMorgan & Chase Co. Series B, 0.63163%, due 02/01/2027 (3M USD LIBOR + 0.500%) FRN		150,000		146,060
Mellon Capital IV Series 1, 4.00%, to 11/08/21 (3-month US Libor + 0.565%) (b) (4)		200,000		198,198
Old National Bancorp, 4.125%, due 08/15/2024		100,000		106,438
Truist Financial Corp. Series M, 5.125%, to 12/15/2027 (a) (b)		150,000		160,110
US Bancorp, 3.70%, 01/15/2027 (a) (b)		300,000		293,250
				1,678,764
Other Real Estate Investment Trust - 0.31%
Ready Capital Corp., 5.750%, due 02/15/2026		6,000		153,000
Personal Credit Institutions - 1.05%
Discover Financial Services Series D, 6.125%, to 06/23/2025 (a) (b)		250,000		275,200
OneMain Finance Corp., 3.500%, due 01/15/2027		250,000		241,250
				516,450
Pharmaceutical Preparations - 0.84%
AbbVie, Inc., 2.900%, due 11/06/2022		250,000		255,019
AbbVie, Inc., 3.200%, due 05/14/2026		100,000		106,116
Mylan, Inc., 4.200%, due 11/29/2023		50,000		52,706
				413,841
Property & Casualty Insurance - 0.45%
Finial Holdings, Inc., 7.125%, due 10/15/2023 (Switzerland)		200,000		222,659
Retail-Shoe Stores - 0.20%
Foot Locker, Inc., 8.500%, due 01/15/2022		100,000		100,500
Rubber & Plastics Footwear - 0.41%
Nike, Inc., 2.250%, due 05/01/2023		200,000		204,021
Security Brokers, Dealers & Flotation Companies - 2.06%
Capital Southwest Corp., 3.375%, due 10/01/2026		400,000		402,000
Goldman Sachs Group, Inc., Series MTN, 1.00%, 11/15/2023		400,000		398,574
The Charles Schwab Corp. Series G, 5.375%, to 06/01/2025 (a) (b)		200,000		216,320
				1,016,894
Services-Advertising Agencies - 0.43%
Omnicom Group, Inc., 3.600%, due 04/15/2026		200,000		214,340
Services-Business Services - 0.35%
EBay, Inc., 2.600%, due 07/15/2022		170,000		171,359
Services-Equipment Rental & Leasing, Nec - 0.95%
Air Lease Corp., 3.625%, due 12/01/2027		200,000		210,743
United Rentals, Inc., 3.875%, due 11/15/2027		250,000		259,375
				470,118
Services-Personal Services - 0.46%
Block Financial LLC, 5.500%, due 11/01/2022		225,000		229,162
Services-Prepackaged Software - 0.68%
NortonLifelock, Inc., 3.950%, due 06/15/2022		75,000		75,000
Oracle Corp., 1.650%, due 03/25/2026		100,000		99,564
VMWare, Inc., 3.900%, due 08/21/2027		150,000		163,532
				338,096
State Commercial Banks - 2.31%
Ally Financial, Inc. Series B, 4.700%, to 05/15/2026 (a) (b)		250,000		257,812
Citizens Financial Group, Inc., 4.350%, due 08/01/2025		100,000		107,807
Eagle Bancorp, Inc., 5.750%, due 09/01/2024		250,000		268,669
Fifth Third Bancorp Series L, 4.500%, to 09/30/2025 (a) (b)		200,000		212,000
Home Bancshares, Inc., 5.625%, to 04/15/2022 (a) (maturity date: 4/15/27)		100,000		101,441
SVB Financial Group, 4.100%, to 02/15/2031 (a) (b)		200,000		195,500
				1,143,229
Total Corporate Bonds		(Cost $            9,101,895)		9,116,457
Municipal Bonds - 5.36%  (5)
California - 0.09%
California St. University Revenue Bond Series B, 2.785%, due 11/01/2022		5,000		5,114
Porterville Unified School District, 7.250%, due 07/01/2027		20,000		20,089
San Bernardino County Redevelopment Agency, 3.625%, due 09/01/2024		20,000		21,173
				46,376
Georgia - 0.23%
Georgia Loc. Govt., 4.750%, due 06/01/2028		99,000		111,482
Indiana - 0.74%
Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, due 07/15/2027		135,000		135,537
Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, due 08/01/2028		190,000		201,111
Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, due 01/15/2024		30,000		30,113
				366,761
Kentucky - 0.11%
Louisville/Jefferson County Metro Government, 3.000%, due 05/01/2023		55,000		55,817
Maryland - 0.66%
Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/2025		200,000		234,192
Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, due 06/01/2023		90,000		91,328
				325,520
Michigan - 0.59%
City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, due 08/01/2026		25,000		29,596
Michigan State Taxable School Loan Series A, 3.200%, due 05/15/2027		250,000		259,785
				289,381
New York - 0.83%
City of New York, NY, 1.980%, due 08/01/2023		200,000		204,198
Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, due 08/01/2023		200,000		204,452
				408,650
Ohio - 0.61%
New Albany, Floyd County Industry School First Mortgage, 5.000%, due 01/15/2027		250,000		301,685
Pennsylvania - 0.91%
East Norriton Plymouth Whitpain Joint Sewer Authority, 1.832%, due 08/01/2028		250,000		251,217
Pennsylvania ST Txbl-Ref-First Refunding Series, 1.200%, 08/01/2026		200,000		198,572
				449,789
Washington - 0.16%
Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, due 12/01/2025		70,000		79,471
Wisconsin - 0.43%
Greendale, WI Taxable Community Development, Series A, 4.750%, due 12/01/2026		110,000		110,273
Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, due 01/01/2024		100,000		104,048
				214,321
Total Municipal Bonds		(Cost $            2,612,556)		2,649,253
Preferred Securities - 1.91%
Asset Management - 0.21%
B Riley Financial, Inc., 6.50%, due 09/30/2026		4,000		105,760
Motor Vehicles & Passenger Car Bodies - 0.32%
Ford Motor Co., 6.000%, due 12/01/2059		6,000		159,900
National Commercial Banks - 1.22%
BAC Capital Trust XIII Series F, 4.000% (3-month Libor +0.40%) (b) (4)		150,000		146,624
Huntington Bancshares, Inc. Series E, 5.70%, to 04/15/2023 (a) (b)		150,000		151,875
Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/2027 (a) (b)		150,000		159,750
PNC Capital Trust C, 0.68988%, due 06/01/2028 (3-month Libor + 0.57%) FRN		150,000		145,554
				603,803
Telephone Communications (No Radio Telephone) - 0.15%
QWest Corp., 6.500%, due 09/01/2056		3,000		75,300
Total Preferred Securities		(Cost $               920,414)		944,763
Structured Note - 0.43% (5)
Security Brokers, Dealers & Flotation Companies - 0.43%
Goldman Sachs Group, Inc., 1.734%, Capped at 10% (4) (maturity date: 11/13/2028)		125,000		120,156
Morgan Stanley Series MTN, 6.75%, due 08/30/2028 Capped at 12% (4)		95,000		89,912
Total Structured Note		(Cost $               208,206)		210,068
Money Market Registered Investment Companies - 0.89%
Federated Treasury Obligation Fund - Institutional Shares 0.01% (4)		440,055		440,055
Total Money Market Registered Investment Companies		(Cost $              440,055)		440,055
Total Investments - 99.71%		(Cost $          32,930,771)		49,249,483
Other Assets less Liabilities - 0.29%				143,771
Total Net Assets - 100.00%				49,393,254
(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, 2021 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments
Level 1 - Quoted Prices	$	36,669,902	$	-
Level 2 - Other Significant Observable Inputs		12,579,581		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	49,249,483	$	-
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, 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.