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

Schedule of Investments
November 30, 2022 (unaudited)
Archer Balanced Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 67.20%
Air Courier Services - 1.81%
FedEx Corp.		4,400		801,768
Aircraft Engines & Engines Parts - 2.49%
Honeywell International, Inc.		5,000		1,097,750
Beverages - 1.68%
PepsiCo, Inc.		4,000		742,040
Commercial Banks - 1.66%
Toronto Dominion Bank (Canada)		11,000		734,140
Electric Services - 2.92%
NextEra Energy, Inc.		15,200		1,287,440
Electrical Work - 3.73%
Quanta Services, Inc.		11,000		1,648,680
Electromedical & Electrotherapeutic Appa - 1.16%
Medtronic PLC. (Ireland)		6,500		513,760
Electronic Computers - 2.25%
Apple, Inc.		6,700		991,801
Food & Kindred Products - 1.32%
Nestle S.A. ADR  (2)		4,900		583,051
Guided Missiles & Space Vehicles & Parts - 2.80%
Lockheed Martin Corp.		2,550		1,237,235
National Commercial Banks - 3.96%
Citigroup, Inc.		13,000		629,330
JPMorgan Chase & Co.		8,100		1,119,258
				1,748,588
Petroleum Refining - 2.62%
Chevron Corp.		6,300		1,154,853
Pharmaceutical Preparations - 10.59%
Bristol Myers Squibb Co.		8,550		686,394
Eli Lilly & Co.		1,800		667,944
Johnson & Johnson		5,000		890,000
Merck & Co., Inc.		11,950		1,315,934
Pfizer, Inc.		22,300		1,117,899
				4,678,171
Railroads, Line-Haul Operating - 2.27%
Union Pacific Corp.		4,600		1,000,178
Retail-Drug Stores & Proprietary Stores - 3.14%
CVS Health Corp.		13,594		1,384,957
Retail-Lumber & Other Building Materials Dealers - 1.61%
Home Depot, Inc.		2,200		712,778
Retail-Variety Stores - 2.76%
WalMart, Inc.		8,000		1,219,360
Rubber & Plastics Footwear - 1.24%
Nike, Inc. Class B		5,000		548,450
Semiconductors & Related Devices - 4.08%
Broadcom, Inc.		1,600		881,648
Intel Corp.		13,200		396,924
Texas Instruments, Inc.		2,900		523,334
				1,801,906
Services-Business Services - 4.59%
Accenture PLC. Class A (Ireland)		3,000		902,790
MasterCard, Inc. Class A		3,150		1,122,660
				2,025,450
Services-Computer Programming, Data Processing, Etc. - 3.59%
Alphabet, Inc. Class A   (2)		10,700		1,080,593
Meta Platforms, Inc. Class A  (2)		4,275		504,878
				1,585,471
Services-Medical Laboratories - 1.17%
Laboratory Corp. of America Holdings		2,150		517,505
Services-Miscellaneous Amusement & Recreation - 0.89%
Walt Disney Co.   (2)		4,000		391,480
Services-Prepackaged Software - 2.87%
Microsoft Corp.		3,700		944,018
VMWare, Inc. Class A  (2)		2,643		321,098
				1,265,116
Total Common Stock		(Cost $          16,665,877)		29,671,928
Exchange-Traded Funds - 0.57% (3)
JPMorgan Ultra-Short Income ETF		5,000		251,250
Total Exchange-Traded Funds		(Cost $               253,040)		251,250
Real Estate Investment Trusts - 4.70%
Extra Space Storage, Inc.		5,100		819,519
Prologis, Inc.		9,452		1,113,351
Ready Capital Corp., 5.750%, due 02/15/26		6,000		140,460
Total Real Estate Investment Trusts		(Cost $            1,047,531)		2,073,330
Corporate Bonds - 17.49%  (5)
Air Transportation, Scheduled - 0.74%
American Airlines 2013-2 Class A Pass Through Trust, 4.950%, due 01/15/23		76,525		76,053
Southwest Airlines Co., 5.250%, due 05/04/25		250,000		251,095
				327,148
Aircraft - 0.52%
Boeing Co., 2.600%, due 10/30/25		250,000		231,363
Asset Management - 0.56%
Janus Capital Group, Inc., 4.875%, 08/01/25		250,000		246,251
Beverages - 0.33%
Keurig Dr. Pepper, Inc., 3.130%, due 12/15/23		150,000		146,955
Commercial Banks - 0.20%
Royal Bank of Canada, 1.200%, due 04/27/26		100,000		88,961
Electric Services - 0.22%
Southern California Edison Co. Series E, 3.700%, due 08/01/25		100,000		97,120
Electronic & Other Electrical Equipment (No Computer Equipment) - 0.56%
General Electric Co. Series A, 5.572%, to 09/15/2049		300,000		248,993
Gen Building Contractors - Residential Buildings - 0.77%
Lennar Corp., 4.750%, due 11/29/27		150,000		143,358
Lennar Corp., 4.875%, due 12/15/23		200,000		198,842
				342,200
Hotels and Motels - 0.56%
Marriott International, Inc. Series Z, 4.150%, 12/01/23		250,000		247,561
Investment Advice - 0.44%
Affiliated Managers Group, Inc., 3.500%, 08/01/25		200,000		192,351
Miscellaneous Business Credit Institution - 0.11%
Ford Motor Credit Co. LLC., 3.810%, due 01/09/24		50,000		48,814
Motor Vehicles & Passanger Car Bodies - 0.27%
General Motors Financial Co., Inc., 3.10%, 1/12/2032		150,000		119,893
National Commercial Banks - 4.82%
Banc of California, Inc., 5.250%, due 04/15/25		300,000		295,200
Bank of America Corp. Series L, 3.950%, due 04/21/25		100,000		97,641
Citigroup, Inc. Series B, 5.900%, to 02/15/23		200,000		197,522
Citigroup Global Markets, Inc. Series MTN, 3.000%, 07/17/23		500,000		491,861
JPMorgan Chase & Co. Series B, 4.93, due 02/01/27 (3-month US Libor + .50%)		150,000		138,092
JPMorgan Chase & Co., 5.150%, 05/01/2023 Perp		200,000		195,250
Old National Bancorp, 4.125%, due 08/15/24		100,000		97,113
Truist Financial Corp. Series M, 5.125%, to 12/15/27		150,000		123,382
US Bancorp, 3.700%, 01/15/27		300,000		239,316
Wells Fargo & Company, 6.000%, due 10/28/25		250,000		250,788
				2,126,165
Personal Credit Institutions - 0.55%
Discover Financial Services Series D, 6.125%, to 06/23/25		250,000		242,451
Pharmaceutical Preparations - 0.33%
AbbVie, Inc., 3.200%, due 05/14/26		100,000		94,947
Mylan, Inc., 4.200%, due 11/29/23		50,000		49,371
				144,318
Property & Casualty Insurance - 0.46%
Finial Holdings, Inc., 7.125%, due 10/15/23 (Switzerland)		200,000		203,163
Rubber & Plastics Footwear - 0.45%
Nike, Inc., 2.250%, due 05/01/23		200,000		197,616
Security Brokers, Dealers & Flotation Companies - 1.64%
Capital Southwest Corp., 3.375%, due 10/01/26		400,000		338,000
Goldman Sachs Group, Inc., Series MTN, 1.000%, due 11/15/23		400,000		383,975
				721,975
Services-Advertising Agencies - 0.44%
Omnicom Group, Inc., 3.600%, due 04/15/26		200,000		192,348
Services-Equipment Rental & Leasing, Nec - 0.92%
Air Lease Corp., 3.625%, 12/01/27		200,000		179,108
United Rentals, Inc., 3.875%, 11/15/27		250,000		229,133
				408,241
Services-Miscellaneous Amusement & Recreation - 0.61%
The Walt Disney Co., 7.700%, 10/30/25		250,000		269,164
Services-Prepackaged Software - 0.52%
Oracle Corp., 1.650%, due 03/25/26		100,000		89,564
VMWare, Inc., 3.900%, due 08/21/27		150,000		140,932
				230,496
State Commercial Banks - 1.47%
Citizens Financial Group, Inc., 4.350%, due 08/01/25		100,000		96,507
Eagle Bancorp, Inc., 5.750%, due 09/01/24		250,000		249,781
Fifth Third Bancorp Series L, 4.500%, to 09/30/25		200,000		187,230
SVB Financial Group, 4.100%, to 02/15/31		200,000		113,887
				647,405
Total Corporate Bonds		(Cost $            8,378,893)		7,720,952
Municipal Bonds - 6.54%  (5)
California - 0.09%
Porterville Unified School District, 7.250%, due 07/01/27		20,000		20,044
San Bernardino County Redevelopment Agency, 3.625%, due 09/01/24		20,000		19,458
				39,502
Georgia - 0.24%
Georgia Loc. Govt., 4.750%, due 06/01/28		99,000		104,178
Indiana - 0.74%
Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, due 07/15/27		135,000		137,005
Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, due 08/01/28		190,000		171,262
Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, due 01/15/24		20,000		20,008
				328,275
Kentucky - 0.12%
Louisville/Jefferson County Metro Government, 3.000%, due 05/01/23		55,000		54,304
Maryland - 0.67%
Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/25		200,000		205,968
Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, due 6/01/23		90,000		89,142
				295,110
Michigan - 0.60%
City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, due 08/01/26		25,000		26,898
Michigan State Taxable School Loan Series A, 3.200%, due 05/15/27		250,000		236,963
				263,861
New York - 1.96%
City of New York, NY Txbl-Subser A-2, 1.980%, due 8/01/23		200,000		196,858
New York City NY Transitional Financice Authority Revenue, 2.760%, 02/01/26		250,000		235,323
New York St Dorm Auth Revenues, 1.085%, 07/01/24		250,000		235,480
Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, due 08/01/23		200,000		196,920
				864,581
Ohio - 0.61%
New Albany, Floyd County Industry School First Mortgage, 5.000%, due 01/15/27		250,000		270,593
Pennsylvania - 0.88%
East Norriton Plymouth Whipain Joint Sewer Authority, 1.832%, due 8/01/28		250,000		214,110
Pennsylvania ST Txble-Ref-First Refunding Series, 1.200%, due 08/01/26		200,000		174,786
				388,896
Washington - 0.16%
Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, due 12/01/25		70,000		70,109
Wisconsin - 0.47%
Greendale, WI Taxable Community Development, Series A, 4.750%, due 12/01/26		110,000		110,005
Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, due 01/01/24		100,000		97,814
				207,819
Total Municipal Bonds		(Cost $            3,065,541)		2,887,228
Preferred Securities - 1.83%
Asset Management - 0.21%
B Riley Financial, Inc., 6.50%, due 09/30/26		4,000		92,920
Motor Vehicles & Passenger Car Bodies - 0.32%
Ford Motor Co., 6.000%, due 12/01/59		6,000		141,900
National Commercial Banks - 1.17%
BAC Capital Trust XIII Series F, 4.000% (3-month Libor +0.40%)		150,000		113,181
Huntington Bancshares, Inc. Series E, 5.70%, to 04/15/23		150,000		138,375
Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/27		150,000		132,758
PNC Capital Trust C, 3.652%, due 06/01/28 (3-month Libor + 0.57%)		150,000		134,284
				518,598
Telephone Communications (No Radio Telephone) - 0.13%
QWest Corp., 6.500%, due 09/01/56		3,000		56,760
Total Preferred Securities		(Cost $              918,289)		810,178
Structured Note - 0.36% (5)
Security Brokers, Dealers & Flotation Companies - 0.36%
Goldman Sachs Group, Inc., 0.000%, Capped at 10% (4) (maturity date: 11/13/28)		125,000		95,000
Morgan Stanley Series MTN, 0.00%, due 08/30/28, Capped at 12% (4)		95,000		62,967
Total Structured Note		(Cost $               209,896)		157,967
Money Market Registered Investment Companies - 0.99%
Federated Treasury Obligation Fund - Institutional Shares 3.66% (4)		437,136		437,136
Total Money Market Registered Investment Companies		(Cost $              437,136)		437,136
Total Investments - 99.67%		(Cost $          30,976,203)		44,009,969
Other Assets less Liabilities - 0.33%				145,831
Total Net Assets - 100.00%				44,155,800
(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, 2022 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments
Level 1 - Quoted Prices	$	32,433,644	$	-
Level 2 - Other Significant Observable Inputs		11,576,325		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	44,009,969	$	-
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, 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.