Archer Investment Series Trust NPORT-P Archer Focus Fund (May 2022 report)

Schedule of Investments
May 31, 2022 (unaudited)
Archer Focus Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 89.91%
Accident & Health Insurance- 2.73%
Aflac, Inc.		1,675		101,455
Biological Products (No Diagnostic Substances) - 2.91%
Amgen, Inc.		421		108,088
Computer & Office Equipment - 1.74%
Cisco Systems, Inc.		1,438		64,782
Crude Petroleum & Natural Gas  - 3.51%
Coterra Energy, Inc.  Class A		3,800		130,454
Electric & Other Services Combines - 2.90%
Alliant Energy Corp.		1,690		107,856
Electric Services - 2.55%
NextEra Energy, Inc.		1,250		94,612
Fire, Marine & Casualty Insurance - 2.07%
Progressive Corp.		645		77,000
Guided Missiles & Space Vehicles & Parts - 3.25%
Lockheed Martin Corp.		274		120,590
Natural Gas Distribution - 2.82%
Atmos Energy Corp.		900		104,679
Natural Gas Transmission - 2.86%
Kinder Morgan, Inc.		5,390		106,129
Ophthalmic Goods - 2.06%
Cooper Cos., Inc. (2)		218		76,461
Operative Builders - 2.08%
PulteGroup, Inc.		1,710		77,395
Petroleum Refining- 3.75%
Marathon Petroleum Corp.		1,370		139,452
Pharmaceutical Preparations- 2.72%
Johnson & Johnson		563		101,075
Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) - 2.58%
Celanesa Corp. Series A		612		95,790
Radio & Tv Broadcasting & Communications Equipment - 2.08%
Qualcomm, Inc.		540		77,339
Real Estate - 2.05%
CBRE Group, Inc. Class A   (2)		920		76,213
Retail-Building Materials, Hardware, Garden Supply - 2.31%
Tractor Supply Co.		459		85,998
Retail-Radio TV & Consumer Electronics Sotres- 1.97%
Best Buy Co., Inc.		890		73,033
Retail-Building Materials, Hardware, Garden Supply - 4.26%
Costco Wholesale Corp.		180		83,920
Target Corp.		460		74,465
				158,385
Security Brokers, Dealers & Flotation Companies - 1.80%
BlackRock, Inc.		100		66,908
Semiconductors & Related Devices - 4.66%
Intel Corp.		1,995		88,618
Skyworks Solutions, Inc.		775		84,374
				172,992
Services-Advertising Agencies - 4.31%
Interpublic Group of Cos., Inc.		2,450		78,964
Omnicom Group, Inc.		1,090		81,325
				160,289
Services-Business Services, Inc. - 2.51%
Visa, Inc. Class A		440		93,355
Services- Computer Programming, Data Processing, Etc.- 2.27%
Alphabet, Inc. Class A    (2)		37		84,184
Services- Medical Laboratories- 2.73%
Quest Diagnostics, Inc. (2)		720		101,534
Ship & Boat Building & Repairing - 2.95%
Huntington Ingalls Industries, Inc.		520		109,439
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens). - 5.97%
Nucor Corp.		768		101,729
Steel Dynamics, Inc.		1,405		119,959
				221,688
Sugar & Confectionery Products - 2.88%
Hershey Co.		505		106,914
Surgical & Medical Instruments & Apparatus - 2.03%
3M Co.		505		75,391
Television Broadcasting Stations - 2.29%
Fox Corp. Class A		2,400		85,224
Title Insurance - 2.31%
Fidelity National Financial, Inc.		2,025		85,658
Total Common Stock		(Cost $             3,207,825)		3,340,362
Real Estate Investment Trusts - 7.76%
Public Storage		262		86,628
Realty Income Corp.		1,435		97,896
VICI Properties, Inc.		3,365		103,810
Total Registered Investment Companies		(Cost $                272,687)		288,334
Money Market Registered Investment Companies - 2.53%
Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class - 0.66% (3)		93,981		93,981
Total Money Market Registered Investment Companies		(Cost $                  93,981)		93,981
Total Investments - 100.20%		(Cost $             3,574,493)		3,722,677
Other Assets less Liabilities - -.20%				(7,427)
Total Net Assets - 100.00%				3,715,250
(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, 2022  in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments
Level 1 - Quoted Prices	$	3,722,677	$	0
Level 2 - Other Significant Observable Inputs		0		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	3,722,677	$	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, 2022.