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

Schedule of Investments
May 31, 2022 (unaudited)
Archer Multi Cap Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 93.11%
Biological Products (No Diagnostic Substances) - 1.39%
Repligen Corp. (2)		365		60,032
Chemicals & Allied Products - 1.15%
Balchem Corp.  (2)		401		49,896
Computer Communications Equipment - 1.45%
Cisco Systems, Inc.		1,395		62,845
Crude Petroleum & Natural Gas  - 10.01%
Matador Resources Co.		1,400		85,260
PDC Energy, Inc.		1,455		115,149
Range Resources Corp. (2)		3,300		112,035
Southwestern Energy Co. (2)		13,000		118,560
				431,004
Electromedical & Electrotherapeutic Apparatus - 0.78%
Masimo Corp.  (2)		241		33,844
Electronic Computers - 2.20%
Apple, Inc.		361		53,731
Omnicell, Inc.  (2)		369		41,018
				94,749
Fabricated Plate Work (Boiler Shops) - 1.71%
Chart Industries, Inc.  (2)		417		73,342
Fabricated Rubber Products, Nec - 1.48%
Carlisle Cos., Inc.		250		63,608
Finance Services - 0.99%
Walker & Dunlop, Inc.		400		42,524
Fire, Marine & Casualty Insurance - 1.65%
Berkshire Hathaway, Inc. Class B  (2)		224		70,780
General Industrial Machinery & Equipment, Nec - 1.52%
Nordson Corp.		300		65,364
Hospital & Medical Service Plans - 3.87%
Molina Healthcare, Inc.  (2)		224		65,009
Trupanion, Inc.  (2)		515		34,443
UnitedHealth Group, Inc.		135		67,066
				166,518
Industrial Instruments For Measurement, Display & Control - 0.98%
Cognex Corp.		867		41,980
Lumber & Wood Products (No Furniture)  - 0.74%
Trex Co., Inc. (2)		500		31,860
Measuring & Controlling devices, Nec - 2.52%
Onto Innovation, Inc. (2)		640		51,443
Thermo Fisher Scientific, Inc.		100		56,757
				108,200
Miscellaneous Fabricated Metal products - 1.03%
Watts Water Technologies, Inc. Class A		340		44,482
Motor Vehicles & Passenger Car Bodies - 0.97%
Tesla, Inc.  (2)		55		41,704
Motors & Generators - 1.02%
Regal Rexnord Corp.		350		43,733
National Commercial Banks - 3.52%
Bank of America Corp.		2,013		74,883
JPMorgan Chase & Co.		577		76,297
				151,180
Natural Gas Transmission - 2.59%
Targa Resources Corp.		1,545		111,271
Operative Builders- 0.99%
Meritage Homes Corp. (2)		500		42,655
Paints, Varnishes, Lacquers, Enamels & Allied Products - 2.51%
RPM International, Inc.		1,225		107,923
Pharmaceutical Preparations - 2.98%
Johnson & Johnson		389		69,837
Pfizer, Inc.		1,100		58,344
				128,181
Plastic Materials, Synth Resins & Nonvulcan Elastomers - 1.48%
Rogers Corp. (2)		240		63,691
Pumps & Pumping Equipment - 1.25%
Graco, Inc.		848		53,678
Real Estate Agents & Managers - 0.92%
Jones Lang LaSalle, Inc. (2)		200		39,464
Retail-Catalog & Mail-Order Houses - 1.12%
Amazon.com, Inc.  (2)		20		48,084
Retail-Home Furniture, Furnishings & Equiptment Stores - 1.12%
Willams-Sonoma, Inc.		375		47,970
Retail-Jewelry Stores - 0.97%
Signet Jewelers Ltd. (Bermuda)		700		41,720
Retail-Lumber & Other Building Materials Dealers - 2.43%
Builders FirstSource, Inc. (2)		700		45,563
Home Depot, Inc.		195		59,036
				104,599
Retail- Variety Stores - 0.91%
Five Below, Inc. (2)		300		39,177
Sawmills & Planting Mills, General s - 1.31%
UFP Industries, Inc.		730		56,356
Semiconductors & Related Devices - 5.08%
Broadcom, Inc.		100		58,013
Diodes, Inc. (2)		575		44,281
NVIDIA Corp.		220		41,078
Maxlinear, Inc. (2)		850		33,652
Wolfspeed, Inc. (2)		550		41,376
				218,400
Services-Business Services - 7.35%
Accenture Plc. Class A (Ireland)		150		44,769
ExlService Holdings, Inc. (2)		400		56,876
Fair Isaac Corp.  (2)		141		57,747
MasterCard, Inc. Class A		205		73,363
Visa, Inc. Class A		392		83,171
				315,926
Services-Computer Programming, Data Processing, Etc. - 3.71%
Alphabet, Inc. Class A   (2)		25		56,881
Alphabet, Inc. Class C   (2)		27		61,581
Meta Platforms, Inc. Class A  (2)		212		41,052
				159,514
Services-Help Supply Services - 1.13%
AMN Healthcare Services, Inc. (2)		500		48,450
Services-Management Consulting Services - 1.24%
Exponent, Inc.		588		53,149
Services-Miscellaneous Amusement & Recreation - 0.72%
Walt Disney Co.   (2)		280		30,923
Services-Personal Services- 1.47%
Services Corp. International		900		63,027
Services-Prepackaged Software - 3.01%
Adobe, Inc.  (2)		76		31,653
Microsoft Corp.		220		59,811
SPS Commerce, Inc.  (2)		353		37,785
				129,249
Services-Skilled Nursing Care Facilities - 1.17%
Ensign Group, Inc.		621		50,406
Services-Video Tape Rental - 0.33%
Netflix, Inc.  (2)		72		14,216
Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 0.91%
Procter & Gamble Co.		266		39,336
Special Industry Machinery (No Metalworking Machinery) - 1.21%
John Bean Technologies Corp.		427		51,987
Steel Works, Blast Furnaces & Rolling Mills - 1.99%
Steel Dynamics, Inc.		1,000		85,380
Telephone & Telegraph Apparatus- 2.12%
Ciena Corp. (2)		850		43,197
Fabrinet (Thailand) (2)		550		47,778
				90,975
Water Supply - 2.11%
Essential Utilities, Inc.		1,959		90,623
Total Common Stock		(Cost $             4,146,232)		4,003,975
Real Estate Investment Trust - 5.66%
Agree Realty Corp.		900		62,613
Camden Property Trust		325		46,634
Life Storage, Inc.		425		49,623
Medical Properties Trust, Inc.		1,800		33,444
Rexford Industrials Realty, Inc.		800		51,096
Total Real Estate Investment Trusts		(Cost $                284,880)		243,410
Money Market Registered Investment Companies - 1.41%
Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class - 0.66% (3)		60,560		60,560
Total Money Market Registered Investment Companies		(Cost $                  60,560)		60,560
Total Investments - 100.18%		(Cost $             4,491,672)		4,307,945
Liabilities in excess of Other Assets- (0.18%)				(7,904)
Total Net Assets - 100.00%				4,300,041
(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	$	4,307,945	$	-
Level 2 - Other Significant Observable Inputs		-		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	4,307,945	$	-
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