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

Schedule of Investments
May 31, 2022 (unaudited)
Archer Balanced Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 63.99%
Air Courier Services - 2.09%
FedEx Corp.		4,400		988,152
Aircraft Engines & Engines Parts - 2.04%
Honeywell International, Inc.		5,000		968,100
Beverages - 1.42%
PepsiCo, Inc.		4,000		671,000
Commercial Banks - 1.77%
Toronto Dominion Bank (Canada)		11,000		838,970
Electric Services - 2.43%
NextEra Energy, Inc.		15,200		1,150,488
Electrical Work - 2.76%
Quanta Services, Inc.		11,000		1,309,000
Electromedical & Electrotherapeutic Appa - 1.37%
Medtronic PLC. (Ireland)		6,500		650,975
Electronic Computers - 2.11%
Apple, Inc.		6,700		997,228
Food & Kindred Products - 1.26%
Nestle S.A. ADR		4,900		597,604
Guided Missiles & Space Vehicles & Parts - 2.60%
Lockheed Martin Corp.		2,800		1,232,308
National Commercial Banks - 3.95%
Citigroup, Inc.		15,000		801,150
JPMorgan Chase & Co.		8,100		1,071,063
				1,872,213
Petroleum Refining - 2.69%
Chevron Corp.		7,300		1,275,018
Pharmaceutical Preparations - 9.27%
Bristol Myers Squibb Co.		8,550		645,098
Eli Lilly & Co.		1,800		564,192
Johnson & Johnson		5,000		897,650
Merck & Co., Inc.		11,950		1,099,759
Pfizer, Inc.		22,300		1,182,792
				4,389,490
Railroads, Line-Haul Operating - 2.14%
Union Pacific Corp.		4,600		1,010,988
Retail-Drug Stores & Proprietary Stores - 2.78%
CVS Health Corp.		13,594		1,315,220
Retail-Lumber & Other Building Materials Dealers - 1.85%
Home Depot, Inc.		2,900		877,975
Retail-Variety Stores - 2.17%
WalMart, Inc.		8,000		1,029,040
Rubber & Plastics Footwear - 1.51%
Nike, Inc. Class B		6,000		713,100
Semiconductors & Related Devices - 4.28%
Broadcom, Inc.		1,600		928,208
Intel Corp.		13,200		586,344
Texas Instruments, Inc.		2,900		512,604
				2,027,156
Services-Business Services - 4.27%
Accenture PLC. Class A (Ireland)		3,000		895,380
MasterCard, Inc. Class A		3,150		1,127,291
				2,022,671
Services-Computer Programming, Data Processing, Etc. - 4.32%
Alphabet, Inc. Class A  (2)		535		1,217,253
Meta Platforms, Inc. Class A (2)		4,275		827,811
				2,045,064
Services-Medical Laboratories - 1.12%
Laboratory Corp. of America Holdings		2,150		530,448
Services-Miscellaneous Amusement & Recreation - 0.93%
Walt Disney Co. (2)		4,000		441,760
Services-Prepackaged Software - 2.84%
Microsoft Corp.		3,700		1,005,919
VMWare, Inc. Class A (2)		2,643		338,568
				1,344,487
Total Common Stock		(Cost $          17,041,947)		30,298,455
Exchange-Traded Funds - 2.60% (3)
Invesco Variable Rate Preferred ETF		12,000		279,120
iShares US Preferred Stock ETF		12,900		448,275
JPMorgan Ultra-Short Income ETF		10,000		501,600
Total Exchange-Traded Funds		(Cost $            1,305,997)		1,228,995
Real Estate Investment Trusts - 4.46%
Duke Realty Corp.		19,900		1,051,317
Extra Space Storage, Inc.		5,100		908,820
Ready Capital Corp., 5.750%, due 02/15/2026		6,000		150,900
Total Real Estate Investment Trusts		(Cost $            1,047,545)		2,111,037
Corporate Bonds - 17.91%  (5)
Accident & Health Insurance - 0.27%
Unum Group, 4.000%, due 03/15/2024		125,000		126,194
Agricultural Chemicals - 0.42%
Mosaic Co., 3.250%, due 11/15/2022		200,000		200,577
Air Transportation, Scheduled - 0.72%
American Airlines 2013-2 Class A Pass Through Trust, 4.950%, due 01/15/2023		81,621		81,383
Southwest Airlines Co., 5.250%, due 05/04/2025		250,000		260,188
				341,571
Aircraft - 0.50%
Boeing Co., 2.600%, due 10/30/2025		250,000		236,995
Asset Management - 0.54%
Janus Henderson US Holdings, Inc., 4.875%, 08/01/2025		250,000		257,827
Beverages - 0.32%
Keurig Dr. Pepper, Inc., 3.130%, due 12/15/2023		150,000		150,401
Commercial Banks - 0.19%
Royal Bank of Canada, 1.200%, due 04/27/2026		100,000		90,985
Crude Petroleum & Natural Gas - 0.14%
Murphy Oil Corp., 6.875%, due 08/15/2024		67,000		67,503
Electric Services - 0.21%
Southern California Edison Co. Series E, 3.700%, due 08/01/2025		100,000		99,690
Electronic & Other Electrical Equipment (No Computer Equipment) - 0.44%
General Electric Co. Series A, 4.000%, to 06/15/2022		300,000		210,450
Gen Building Contractors - Residential Buildings - 0.75%
Lennar Corp., 4.750%, due 11/29/2027		150,000		150,883
Lennar Corp., 4.875%, due 12/15/2023		200,000		203,614
				354,497
Health Care Providers & Services - 0.21%
CommonSpirit Health, 2.950%, due 11/01/2022		100,000		100,370
Hotels and Motels - 0.53%
Marriott International, Inc., 4.15%, 12/01/2023		250,000		253,291
Investment Advice - 0.42%
Affiliated Managers Group, Inc., 3.50%, 08/01/2025		200,000		200,225
Miscellaneous Business Credit Institution - 0.10%
Ford Motor Credit Co. LLC., 3.810%, due 01/09/2024		50,000		49,679
Motor Vehicles & Passanger Car Bodies - 0.27%
General Motors Financial Co., Inc., 3.10%, 1/12/2032		150,000		127,147
National Commercial Banks - 3.22%
Banc of California, Inc., 5.250%, due 04/15/2025		300,000		302,155
Bank of America Corp. Series L, 3.950%, due 04/21/2025		100,000		100,685
Citigroup, Inc. Series B, 5.900%, to 02/15/2023		200,000		199,029
JPMorgan Chase & Co. Series B, 0.816570%, due 02/01/2027 (3-month US Libor + .50%)		150,000		141,061
JPMorgan Chase & Co., 4.286860%, to 7/01/22 (3-month US Libor = 3.32%)		150,000		144,793
Mellon Capital IV Series 1, 4.00%, to 04/09/22 (3-month US Libor + 0.565%)		200,000		152,000
Old National Bancorp, 4.125%, due 08/15/2024		100,000		100,916
Truist Financial Corp. Series M, 5.125%, to 12/15/2027		150,000		133,514
US Bancorp, 3.700%, 01/15/2027		300,000		248,824
				1,522,978
Personal Credit Institutions - 1.00%
Discover Financial Services Series D, 6.125%, to 06/23/2025		250,000		251,251
OneMain Finance Corp., 3.500%, due 01/15/2027		250,000		222,438
				473,689
Pharmaceutical Preparations - 0.84%
AbbVie, Inc., 2.900%, due 11/06/2022		250,000		250,500
AbbVie, Inc., 3.200%, due 05/14/2026		100,000		98,415
Mylan, Inc., 4.200%, due 11/29/2023		50,000		50,335
				399,250
Property & Casualty Insurance - 0.44%
Finial Holdings Inc, 7.125%, due 10/15/2023		200,000		210,352
Rubber & Plastics Footwear - 0.42%
Nike, Inc., 2.250%, due 05/01/2023		200,000		200,049
Security Brokers, Dealers & Flotation Companies - 2.02%
Capital Southwest Corp., 3.375%, due 10/01/2026		400,000		370,124
Goldman Sachs Group, Inc., Series MTN, 1.00%, 11/15/2023		400,000		384,189
The Charles Schwab Corp. Series G, 5.375%, to 06/01/2025		200,000		202,012
				956,325
Services-Advertising Agencies - 0.42%
Omnicom Group, Inc., 3.600%, due 04/15/2026		200,000		198,858
Services-Equipment Rental & Leasing, Nec - 0.90%
Air Lease Corp., 3.625%, 12/01/2027		200,000		187,731
United Rentals, Inc., 3.875%, 11/15/2027		250,000		239,940
				427,671
Services-Prepackaged Software - 0.66%
NortonLifelock, Inc., 3.950%, due 06/15/2022		75,000		75,000
Oracle Corp., 1.650%, due 03/25/2026		100,000		91,057
VMWare, Inc., 3.900%, due 08/21/2027		150,000		147,847
				313,904
State Commercial Banks - 1.93%
Ally Financial, Inc. Series B, 4.700%, to 05/15/2026		250,000		210,953
Citizens Financial Group, Inc., 4.350%, due 08/01/2025		100,000		100,069
Eagle Bancorp, Inc., 5.750%, due 09/01/2024		250,000		257,841
Fifth Third Bancorp Series L, 4.500%, to 09/30/2025		200,000		191,015
SVB Financial Group, 4.100%, to 02/15/2031		200,000		151,940
				911,817
Total Corporate Bonds		(Cost $            9,213,528)		8,482,292
Municipal Bonds - 6.30%  (5)
California - 0.10%
California St. University Revenue Bond Series B, 2.785%, due 11/01/2022		5,000		5,020
Porterville Unified School District, 7.250%, due 07/01/2027		20,000		20,062
San Bernardino County Redevelopment Agency, 3.625%, due 09/01/2024		20,000		20,118
				45,200
Georgia - 0.22%
Georgia Loc. Govt., 4.750%, due 06/01/2028		99,000		105,834
Indiana - 0.72%
Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, due 07/15/2027		135,000		135,359
Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, due 08/01/2028		190,000		179,613
Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, due 01/15/2024		25,000		25,057
				340,029
Kentucky - 0.12%
Louisville/Jefferson County Metro Government, 3.000%, due 05/01/2023		55,000		54,705
Maryland - 0.65%
Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/2025		200,000		216,090
Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, due 06/01/2023		90,000		89,412
				305,502
Michigan - 0.58%
City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, due 08/01/2026		25,000		27,615
Michigan State Taxable School Loan Series A, 3.200%, due 05/15/2027		250,000		248,663
				276,277
New York - 1.86%
City of New York, NY Txbl-Subser A-2, 1.980%, due 08/01/2023		200,000		198,378
New York City NY Transitional Financice Authority Revenue, 2.760%, 02/01/2026		250,000		243,085
New York St Dorm Auth Revenues, 1.085%, 07/01/2022		250,000		238,478
Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, due 08/01/2023		200,000		199,492
				879,433
Ohio - 0.59%
New Albany, Floyd County Industry School First Mortgage, 5.000%, due 01/15/2027		250,000		279,095
Pennsylvania - 0.87%
East Norriton Plymouth Whitpain Joint Sewer Authority, 1.832%, due 08/01/2028		250,000		229,843
Pennsylvania ST Txbl-Ref-First Refunding Series, 1.200%, 08/01/2026		200,000		182,150
				411,993
Washington - 0.15%
Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, due 12/01/2025		70,000		72,552
Wisconsin - 0.44%
Greendale, WI Taxable Community Development, Series A, 4.750%, due 12/01/2026		110,000		110,123
Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, due 01/01/2024		100,000		100,263
				210,386
Total Municipal Bonds		(Cost $            3,138,311)		2,981,004
Preferred Securities - 1.81%
Asset Management - 0.21%
B Riley Financial, Inc., 6.50%, due 09/30/2026		4,000		99,800
Motor Vehicles & Passenger Car Bodies - 0.32%
Ford Motor Co., 6.000%, due 12/01/2059		6,000		150,720
National Commercial Banks - 1.12%
BAC Capital Trust XIII Series F, 4.000% (3-month Libor +0.40%) (2)		150,000		112,500
Huntington Bancshares, Inc. Series E, 5.70%, to 4/15/2023 (2)		150,000		139,408
Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/2027 (2)		150,000		137,918
PNC Capital Trust C, 1.093000%, due 06/01/2028 (3-month Libor + 0.57%) (2)		150,000		142,054
				531,881
Telephone Communications (No Radio Telephone) - 0.15%
QWest Corp., 6.500%, due 09/01/2056		3,000		72,720
Total Preferred Securities		(Cost $               920,875)		855,121
Structured Note - 0.37% (5)
Security Brokers, Dealers & Flotation Companies - 0.37%
Goldman Sachs Group, Inc., 0.000%, Capped at 10% (4) (maturity date: 11/13/2028)		125,000		97,563
Morgan Stanley Series MTN, 1.685%, due 08/30/2028 Capped at 12% (4)		95,000		77,712
Total Structured Note		(Cost $               196,846)		175,274
Money Market Registered Investment Companies - 2.53%
Federated Treasury Obligation Fund - Institutional Shares 0.01% (4)		1,197,375		1,197,375
Total Money Market Registered Investment Companies		(Cost $            1,197,375)		1,197,375
Total Investments - 99.95%		(Cost $          33,943,452)		47,329,553
Other Assets less Liabilities - 0.05%				22,676
Total Net Assets - 100.00%				47,352,229
(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	$	34,835,861	$	-
Level 2 - Other Significant Observable Inputs		12,493,691		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	47,329,553	$	-
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 May 31, 2022.
(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.