Archer Investment Series Trust NPORT-P Monthly portfolio investment report

Schedule of Investments
May 31, 2023 (unaudited)
Archer Balanced Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 69.10%
Air Courier Services - 2.23%
FedEx Corp.		4,400		959,112
Aircraft Engines & Engines Parts - 2.22%
Honeywell International, Inc.		5,000		958,000
Beverages - 1.69%
PepsiCo, Inc.		4,000		729,400
Commercial Banks - 1.44%
Toronto Dominion Bank (Canada)		11,000		622,600
Electric Services - 2.58%
NextEra Energy, Inc.		15,200		1,116,592
Electrical Work - 4.51%
Quanta Services, Inc.		11,000		1,953,380
Electromedical & Electrotherapeutic Appa - 1.24%
Medtronic PLC. (Ireland)		6,500		537,940
Electronic Computers - 2.74%
Apple, Inc.		6,700		1,187,575
Food & Kindred Products - 1.34%
Nestle S.A. ADR		4,900		581,777
Guided Missiles & Space Vehicles & Parts - 2.62%
Lockheed Martin Corp.		2,550		1,132,226
National Commercial Banks - 3.87%
Citigroup, Inc.		13,000		576,160
JPMorgan Chase & Co.		8,100		1,099,251
				1,675,411
Petroleum Refining - 2.19%
Chevron Corp.		576,094		948,906
Pharmaceutical Preparations - 9.86%
Bristol Myers Squibb Co.		8,550		550,962
Eli Lilly & Co.		1,800		773,028
Johnson & Johnson		5,000		775,300
Merck & Co., Inc.		11,950		1,319,400
Pfizer, Inc.		22,300		847,846
				4,266,536
Railroads, Line-Haul Operating - 2.05%
Union Pacific Corp.		4,600		885,592
Retail-Drug Stores & Proprietary Stores - 2.14%
CVS Health Corp.		13,594		924,800
Retail-Lumber & Other Building Materials Dealers - 1.44%
Home Depot, Inc.		2,200		623,590
Retail-Variety Stores - 2.71%
WalMart, Inc.		8,000		1,174,960
Rubber & Plastics Footwear - 1.22%
Nike, Inc. Class B		5,000		526,300
Semiconductors & Related Devices - 5.11%
Broadcom, Inc.		1,600		1,292,736
Intel Corp.		13,200		415,008
Texas Instruments, Inc.		2,900		504,252
				2,211,996
Services-Business Services - 4.78%
Accenture PLC. Class A (Ireland)		3,000		917,760
MasterCard, Inc. Class A		3,150		1,149,813
				2,067,573
Services-Computer Programming, Data Processing, Etc. - 5.65%
Alphabet, Inc. Class A     (2)		10,700		1,314,709
Meta Platforms, Inc. Class A   (2)		4,275		1,131,678
				2,446,387
Services-Medical Laboratories - 1.06%
Laboratory Corp. of America Holdings		2,150		456,939
Services-Miscellaneous Amusement & Recreation - 0.81%
Walt Disney Co.    (2)		4,000		351,840
Services-Prepackaged Software - 3.64%
Microsoft Corp.		3,700		1,215,043
VMWare, Inc. Class A   (2)		2,643		360,214
				1,575,257
Total Common Stock		(Cost $         16,665,877)		29,914,689
Real Estate Investment Trusts - 4.74%
Extra Space Storage, Inc.		5,100		735,777
Prologis, Inc.		9,452		1,177,247
Ready Capital Corp., 5.750%, due 02/15/26		6,000		138,600
Total Real Estate Investment Trusts		(Cost $           1,047,531)		2,051,624
Corporate Bonds - 16.81% (2) (5)
Air Transportation, Scheduled - 0.59%
Southwest Airlines Co., 5.250%, due 05/04/25		250,000		249,055
Aircraft - 0.54%
Boeing Co., 2.600%, due 10/30/25		260,500		234,796
Asset Management - 0.56%
Janus Capital Group, Inc., 4.875%, due 08/01/25		250,000		243,673
Beverages - 0.34%
Keurig Dr. Pepper, Inc., 3.130%, due 12/15/23		150,000		147,973
Commercial Banks - 0.21%
Royal Bank of Canada, 1.200%, due 04/27/26		100,000		89,771
Electric Services - 0.23%
Southern California Edison Co. Series E, 3.700%, due 08/01/25		100,000		97,171
Electronic & Other Electrical Equipment (No Computer Equipment) - 0.63%
General Electric Co. Series A, 7.146%, to 09/15/2049		300,000		272,316
Gen Building Contractors - Residential Buildings - 0.80%
Lennar Corp., 4.750%, due 11/29/27		150,000		146,853
Lennar Corp., 4.875%, due 12/15/23		200,000		199,592
				346,445
Hotels and Motels - 0.58%
Marriott International, Inc. Series Z, 4.150%, 12/01/23		250,000		248,595
Investment Advice - 0.44%
Affiliated Managers Group, Inc., 3.500%, 08/01/25		200,000		191,224
Miscellaneous Business Credit Institution - 0.11%
Ford Motor Credit Co. LLC., 3.810%, due 01/09/24		50,000		49,023
Motor Vehicles & Passanger Car Bodies - 0.28%
General Motors Financial Co., Inc., 3.100%, 1/12/32		150,000		120,857
National Commercial Banks - 4.75%
Banc of California, Inc., 5.250%, due 04/15/25		300,000		249,337
Bank of America Corp. Series L, 3.950%, due 04/21/25		100,000		97,422
Citigroup, Inc. Series B, 9.093%, to 05/15/43		200,000		199,433
Citigroup Global Markets, Inc. Series MTN, 3.000%, 07/17/23		500,000		495,517
JPMorgan Chase & Co. Series B, 5.313%, due 02/01/27 (3-month US Libor + .50%)		150,000		138,409
JPMorgan Chase & Co., 5.150%, to 08/01/2023		200,000		201,000
Old National Bancorp, 4.125%, due 08/15/24		100,000		92,227
Truist Financial Corp. Series M, 5.125%, to 12/15/27		150,000		112,500
US Bancorp, 3.700%, to 01/15/27		300,000		218,768
Wells Fargo & Co. Series MTN, 6.000%, due 10/28/25		250,000		250,062
				2,054,675
Personal Credit Institutions - 0.53%
Discover Financial Services Series D, 6.125%, to 06/23/25		250,000		230,587
Pharmaceutical Preparations - 0.34%
AbbVie, Inc., 3.200%, due 05/14/26		100,000		96,023
Mylan, Inc., 4.200%, due 11/29/23		50,000		49,611
				145,634
Property & Casualty Insurance - 0.46%
Finial Holdings, Inc., 7.125%, due 10/15/23 (Switzerland)		200,000		200,733
Security Brokers, Dealers & Flotation Companies - 1.72%
Capital Southwest Corp., 3.375%, due 10/01/26		400,000		355,000
Goldman Sachs Group, Inc., Series MTN, 1.000%, due 11/15/23		400,000		391,008
				746,008
Services-Advertising Agencies - 0.45%
Omnicom Group, Inc., 3.600%, due 04/15/26		200,000		193,000
Services-Equipment Rental & Leasing, Nec - 0.96%
Air Lease Corp., 3.625%, 12/01/27		200,000		182,304
United Rentals, Inc., 3.875%, 11/15/27		250,000		231,287
				413,591
Services-Miscellaneous Amusement & Recreation - 0.61%
Walt Disney Co., 7.700%, due 10/30/25		250,000		263,573
Services-Prepackaged Software - 0.54%
Oracle Corp., 1.650%, due 03/25/26		100,000		91,354
VMWare, Inc., 3.900%, due 08/21/27		150,000		142,748
				234,102
State Commercial Banks - 1.16%
Citizens Financial Group, Inc., 4.350%, due 08/01/25		100,000		94,010
Eagle Bancorp, Inc., 5.750%, due 09/01/24		250,000		222,355
Fifth Third Bancorp Series L, 4.500%, to 09/30/25		200,000		172,703
SVB Financial Group, 4.100%, to 02/15/31		200,000		15,121
				504,189
Total Corporate Bonds		(Cost $           8,238,557)		7,276,991
Municipal Bonds - 6.58% (2)  (5)
California - 0.09%
Porterville Unified School District, 7.250%, due 07/01/27		20,000		20,041
San Bernardino County Redevelopment Agency, 3.625%, due 09/01/24		20,000		19,462
				39,503
Georgia - 0.24%
Georgia Loc. Govt., 4.750%, due 06/01/28		99,000		103,280
Indiana - 0.76%
Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, due 07/15/27		135,000		138,187
Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, due 08/01/28		190,000		174,851
Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, due 01/15/24		15,000		14,999
				328,037
Maryland - 0.68%
Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/25		200,000		204,682
Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, due 6/01/23		90,000		90,000
				294,682
Michigan - 0.61%
City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, due 08/01/26		25,000		26,440
Michigan State Taxable School Loan Series A, 3.200%, due 05/15/27		250,000		237,400
				263,840
New York - 2.02%
City of New York, NY Txbl-Subser A-2, 1.980%, due 8/01/23		200,000		198,816
New York City NY Transitional Financice Authority Revenue, 2.760%, 02/01/26		250,000		237,470
New York St Dorm Auth Revenues, 1.085%, 07/01/24		250,000		238,393
Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, due 08/01/23		200,000		198,942
				873,621
Ohio - 0.61%
New Albany, Floyd County Industry School First Mortgage, 5.000%, due 01/15/27		250,000		265,310
Pennsylvania - 0.92%
East Norriton Plymouth Whipain Joint Sewer Authority, 1.832%, due 8/01/28		250,000		220,072
Pennsylvania ST Txble-Ref-First Refunding Series, 1.200%, due 08/01/26		200,000		180,206
				400,278
Washington - 0.16%
Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, due 12/01/25		70,000		70,012
Wisconsin - 0.48%
Greendale, WI Taxable Community Development, Series A, 4.750%, due 12/01/26		110,000		110,008
Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, due 01/01/24		100,000		98,816
				208,824
Total Municipal Bonds		(Cost $           3,067,317)		2,847,387
Preferred Securities - 1.73%
Asset Management - 0.18%
B Riley Financial, Inc., 6.50%, due 09/30/26		4,000		78,400
Motor Vehicles & Passenger Car Bodies - 0.33%
Ford Motor Co., 6.000%, due 12/01/59		6,000		143,100
National Commercial Banks - 1.14%
BAC Capital Trust XIII Series F, 5.266% 03/15/43  (2)		150,000		111,224
Huntington Bancshares, Inc. Series E, 5.70%, to 07/15/23 (2)		150,000		121,540
Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/27 (2)		150,000		119,242
PNC Capital Trust C, 5.532%, due 06/01/28 (3-month Libor + 0.57%) (2)		150,000		135,203
				487,209
Telephone Communications (No Radio Telephone) - 0.09%
QWest Corp., 6.500%, due 09/01/56		3,000		39,900
Total Preferred Securities		(Cost $              920,875)		748,609
Structured Note - 0.38% (2) (5)
Security Brokers, Dealers & Flotation Companies - 0.38%
Goldman Sachs Group, Inc., 0.000%, Capped at 10% (4) (maturity date: 11/13/28)		125,000		95,937
Morgan Stanley Series MTN, 0.100%, due 08/30/28 (4)		95,000		67,465
Total Structured Note		(Cost $              196,846)		163,402
Money Market Registered Investment Companies - 0.39%
Federated Treasury Obligation Fund - Institutional Shares 4.95% (4)		169,664		169,664
Total Money Market Registered Investment Companies		(Cost $              169,664)		169,664
Total Investments - 99.72%		(Cost $          30,306,667)		43,172,366
Other Assets less Liabilities - 0.28%				119,877
Total Net Assets - 100.00%				43,292,243
(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, 2023 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments
Level 1 - Quoted Prices	$	32,135,977	$	-
Level 2 - Other Significant Observable Inputs		11,036,389		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	43,172,366	$	-
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.
(4) Variable rate security; the coupon rate shown represents the yield at May 31, 2023.
(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.
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.