| | | | | | | | |
Schedule of Investments |
May 31, 2023 (unaudited) |
Archer Stock Fund |
|
|
|
|
|
|
|
| |
|
|
|
|
| Shares or Principal |
|
| |
Security Description | | | Amount ($) | | Fair Value ($)(1) | |
|
|
|
|
|
| |
Common Stocks - 97.28% |
|
|
|
|
|
|
|
| |
Aircraft - 1.28% |
|
|
|
|
|
| |
Boeing Co. (2) |
|
|
| 1,200 |
| 246,840 | |
|
|
|
|
|
|
|
| |
Aircraft Engines & Engine Parts - 0.96% |
|
|
|
|
| |
Raytheon Technologies Corp. |
|
| 2,000 |
| 184,280 | |
|
|
|
|
|
|
|
| |
Beverages - 2.17% |
|
|
|
|
|
| |
Coca-Cola Co. |
|
|
| 7,000 |
| 417,620 | |
|
|
|
|
|
|
|
| |
Electric Services - 3.91% |
|
|
|
|
|
| |
NextEra Energy, Inc. |
|
|
| 10,260 |
| 753,700 | |
|
|
|
|
|
|
|
| |
Electronic Computers - 4.30% |
|
|
|
|
| |
Apple, Inc. |
|
|
|
| 4,680 |
| 829,530 | |
|
|
|
|
|
|
|
| |
Fire, Marine & Casualty Insurance - 2.31% |
|
|
|
|
| |
Berkshire Hathaway, Inc. Class B (2) |
|
| 1,385 |
| 444,696 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
Hospital & Medical Service Plans - 4.91% |
|
|
|
|
| |
Centene Corp. (2) |
|
|
| 8,200 |
| 511,762 | |
UnitedHealth Group, Inc. |
|
|
| 890 |
| 433,644 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 945,406 | |
|
|
|
|
|
|
|
| |
Industrial Inorganic Chemicals - 2.59% |
|
|
|
|
| |
Linde PLC. (United Kingdom) |
|
| 1,413 |
| 499,722 | |
|
|
|
|
|
|
|
| |
Industrial Instruments For Measurement, Display & Control - 1.57% |
|
|
|
|
| |
MKS Instruments, Inc. |
|
|
| 3,110 |
| 302,634 | |
|
|
|
|
|
|
|
| |
Measuring & Controlling Devices - 3.20% |
|
|
|
|
| |
Thermo Fisher Scientific, Inc. |
|
| 1,212 |
| 616,254 | |
|
|
|
|
|
|
|
| |
National Commercial Banks - 4.05% |
|
|
|
|
| |
Bank of America Corp. |
|
|
| 12,000 |
| 333,480 | |
JPMorgan Chase & Co. |
|
|
| 3,300 |
| 447,843 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 781,323 | |
|
|
|
|
|
|
|
| |
Petroleum Refining- 2.94% |
|
|
|
|
| |
Exxon Mobil Corp. |
|
|
| 5,540 |
| 566,077 | |
|
|
|
|
|
|
|
| |
Pharmaceutical Preparations - 8.55% |
|
|
|
|
| |
Eli Lily & Co. |
|
|
|
| 1,480 |
| 635,601 | |
Johnson & Johnson |
|
|
| 3,065 |
| 475,259 | |
Merck & Co., Inc. |
|
|
| 4,860 |
| 536,592 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 1,647,452 | |
|
|
|
|
|
|
|
| |
Railroads, Line-Haul Operating - 2.10% |
|
|
|
|
| |
Union Pacific Corp. Class B |
|
| 2,100 |
| 404,292 | |
|
|
|
|
|
|
|
| |
Retail - Building Materials, Hardware, Garden Supply - 1.46% |
|
|
|
|
| |
Tractor Supply Co. |
|
|
| 1,340 |
| 280,851 | |
|
|
|
|
|
|
|
| |
Retail - Catalog & Mail-Order Houses - 2.15% |
|
|
|
|
| |
Amazon.com, Inc. (2) |
|
|
| 3,440 |
| 414,795 | |
|
|
|
|
|
|
|
| |
Retail-Drug Stores and Proprietary Stores - 2.87% |
|
|
|
|
| |
CVS Health Corp. |
|
|
| 8,140 |
| 553,764 | |
|
|
|
|
|
|
|
| |
Retail - Lumber & Other Building Materials Dealers - 2.16% |
|
|
|
|
| |
Home Depot, Inc. |
|
|
| 1,470 |
| 416,671 | |
|
|
|
|
|
|
|
| |
Retail - Retail Stores - 2.08% |
|
|
|
|
| |
Ulta Beauty, Inc. (2) |
|
|
| 980 |
| 401,633 | |
|
|
|
|
|
|
|
| |
Semiconductors & Related Devices - 8.96% |
|
|
|
|
| |
Advanced Micro Devices, Inc. (2) |
|
| 3,963 |
| 468,466 | |
NVIDIA Corp. |
|
|
| 2,391 |
| 904,611 | |
Skyworks Solutions, Inc. |
|
|
| 3,410 |
| 352,969 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 1,726,046 | |
|
|
|
|
|
|
|
| |
Services - Business Servcies - 2.41% |
|
|
|
|
| |
Visa, Inc. Class A |
|
|
| 2,100 |
| 464,163 | |
|
|
|
|
|
|
|
| |
Services - Computer Programming, Data Processing, Etc. - 8.75% |
|
|
|
|
| |
Alphabet, Inc. Class A (2) |
|
| 7,180 |
| 882,207 | |
Meta Platforms, Inc. Class A (2) |
|
| 3,035 |
| 803,425 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 1,685,632 | |
|
|
|
|
|
|
|
| |
Services - Equipment Rental & Leasing - 2.85% |
|
|
|
|
| |
United Rentals, Inc. |
|
|
| 1,646 |
| 549,418 | |
|
|
|
|
|
|
|
| |
Services - Medical Laboratories - 1.96% |
|
|
|
|
| |
Laboratory Corp. of America Holdings |
|
| 1,780 |
| 378,303 | |
|
|
|
|
|
|
|
| |
Services - Miscellaneous Health & Allied Services - 2.43% |
|
|
|
|
| |
ICON PLC. (Ireland) (2) |
|
|
| 2,200 |
| 468,666 | |
|
|
|
|
|
|
|
| |
Services - Prepackaged Software - 8.72% |
|
|
|
|
| |
Adobe, Inc. (2) |
|
|
| 1,140 |
| 476,281 | |
Cloudflare, Inc. Class A (2) |
|
| 5,870 |
| 405,969 | |
Microsoft Corp. |
|
|
| 2,430 |
| 797,988 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 1,680,238 | |
|
|
|
|
|
|
|
| |
Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 1.53% |
|
|
|
|
| |
Procter & Gamble Co. |
|
|
| 2,068 |
| 294,690 | |
|
|
|
|
|
|
|
| |
Services - Miscellaneous Amusement & Recreation - 1.65% |
|
|
|
|
| |
Walt Disney Co. (2) |
|
|
| 3,615 |
| 317,975 | |
|
|
|
|
|
|
|
| |
Surgical & Medical Instruments & Apparatus - 2.46% |
|
|
|
|
| |
Stryker Corp. |
|
|
|
| 1,720 |
| 473,998 | |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
Total Common Stock |
|
|
| (Cost $ 10,438,465) |
| 18,746,669 | |
|
|
|
|
|
|
|
| |
Real Estate Investment Trusts - 1.76% |
|
|
|
| |
American Tower Corp. | 1,840 |
| 339,370 | |
|
|
|
| |
Total Registered Investment Companies | (Cost $ 300,523) |
| 339,370 | |
|
|
|
| |
Money Market Registered Investment Companies - 0.84% |
|
|
|
| |
Federated Treasury Obligation Fund - Institutional Shares - 4.95% (3) | 162,301 |
| 162,301 | |
|
|
|
| |
Total Money Market Registered Investment Companies | (Cost $ 162,301) |
| 162,301 | |
|
|
|
| |
Total Investments - 99.88% | (Cost $ 10,901,289) |
| 19,248,340 | |
|
|
|
| |
Other Assets less Liabilities - .12% |
|
| 22,661 | |
|
|
|
| |
Total Net Assets - 100.00% |
|
| 19,271,001 | |
|
|
|
| |
|
|
|
|
|
|
|
| |
(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 | | | $ | 19,248,340 | $ | 0 | |
Level 2 - Other Significant Observable Inputs | | | 0 | | - | |
Level 3 - Significant Unobservable Inputs | | | - | | - | |
Total | | | | $ | 19,248,340 | $ | 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, 2023 |
|
|
|
| |
