Archer Investment Series Trust NPORT-P Archer Balanced Fund (Nov 2023 report)

Schedule of Investments
November 30, 2023 (unaudited)
Archer Balanced Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 69.91%
Air Courier Services - 2.63%
FedEx Corp.		4,400		1,138,852
Aircraft Engines & Engines Parts - 2.26%
Honeywell International, Inc.		5,000		979,600
Beverages - 1.55%
PepsiCo, Inc.		4,000		673,160
Commercial Banks - 1.54%
Toronto Dominion Bank (Canada)		11,000		670,890
Electric Services - 3.03%
American Electric Power Co., Inc.		3,400		270,470
NextEra Energy, Inc.		17,900		1,047,329
				1,317,799
Electrical Work - 2.81%
Quanta Services, Inc.		6,500		1,224,015
Electromedical & Electrotherapeutic Apparatus - 1.71%
Medtronic PLC. (Ireland)		9,400		745,138
Electronic Computers - 2.71%
Apple, Inc.		6,200		1,177,690
Food & Kindred Products - 1.28%
Nestle S.A. ADR   (2)		4,900		558,208
Guided Missiles & Space Vehicles & Parts - 2.63%
Lockheed Martin Corp.		2,550		1,141,814
National Commercial Banks - 2.91%
JPMorgan Chase & Co.		8,100		1,264,248
Petroleum Refining - 2.08%
Chevron Corp.		6,300		904,680
Pharmaceutical Preparations - 10.18%
Bristol Myers Squibb Co.		8,550		422,199
Eli Lilly & Co.		1,800		1,063,872
Johnson & Johnson		5,000		773,300
Merck & Co., Inc.		11,950		1,224,636
Pfizer, Inc.		31,000		944,570
				4,428,577
Railroads, Line-Haul Operating - 2.38%
Union Pacific Corp. Class B		4,600		1,036,242
Retail-Drug Stores and Proprietary Stores - 2.55%
CVS Health Corp.		16,294		1,107,177
Retail-Lumber & Other Building Materials Dealers - 1.59%
Home Depot, Inc.		2,200		689,678
Retail-Variety Stores - 2.86%
WalMart, Inc.		8,000		1,245,520
Rubber & Plastics Footwear - 1.27%
Nike, Inc. Class B		5,000		551,350
Semiconductors & Related Devices - 5.01%
Broadcom, Inc.		1,240		1,147,905
Intel Corp.		13,200		590,040
Texas Instruments, Inc.		2,900		442,859
				2,180,804
Services-Business Services - 5.30%
Accenture PLC. Class A (Ireland)		3,000		999,420
MasterCard, Inc. Class A		3,150		1,303,565
				2,302,985
Services-Computer Programming, Data Processing, Etc. - 5.46%
Alphabet, Inc. Class A    (2)		8,600		1,139,758
Meta Platforms, Inc. Class A    (2)		3,775		1,234,991
				2,374,749
Services-Medical Laboratories - 1.07%
Laboratory Corp. of America Holdings		2,150		466,356
Services-Miscellaneous Amusement & Recreation - 1.28%
Walt Disney Co.    (2)		6,000		556,140
Services-Prepackaged Software - 3.22%
Microsoft Corp.		3,700		1,401,967
Sugar & Confectionery Products - 0.60%
Hershey Co.		1,400		263,088
Total Common Stock		(Cost $          16,682,573)		30,400,727
Real Estate Investment Trusts - 4.35%
Extra Space Storage, Inc.		5,100		663,867
Prologis, Inc.  (2)		9,452		1,086,318
Ready Capital Corp., 5.750%, due 02/15/26  (2)		6,000		141,720
Total Real Estate Investment Trusts		(Cost $            1,043,026)		1,891,905
Corporate Bonds - 13.36%   (5)
Air Transportation, Scheduled - 0.58%
Southwest Airlines Co., 5.250%, due 05/04/25		250,000		248,439
Aircraft - 0.55%
Boeing Co., 2.600%, due 10/30/25		250,000		236,358
Asset Management - 0.57%
Janus Capital Group, Inc., 4.875%, due 08/01/25		250,000		245,482
Beverages - 0.34%
Keurig Dr. Pepper, Inc., 3.130%, due 12/15/23		150,000		149,867
Builders - 0.34%
Lennar Corp., 4.750%, due 11/29/27		150,000		146,933
Commercial Banks - 0.21%
Royal Bank of Canada, 1.200%, due 04/27/26		100,000		90,802
Electric Services - 0.23%
Southern California Edison Co. Series E, 3.700%, due 08/01/25		100,000		96,820
Financial Services - 0.28%
General Motors Financial Co., Inc., 3.100%, due 01/12/32		150,000		122,094
Hotels and Motels - 0.58%
Marriott International, Inc. Series Z, 4.150%, due 12/01/23		250,000		250,000
Investment Advice - 0.44%
Affiliated Managers Group, Inc., 3.500%, due 08/01/25		200,000		192,072
Miscellaneous Business Credit Institution - 0.11%
Ford Motor Credit Co. LLC., 3.810%, due 01/09/24		50,000		49,877
National Commercial Banks - 3.88%
Banc of California, Inc., 5.250%, due 04/15/25		300,000		284,684
Bank of America Corp. Series L, 3.950%, due 04/21/25		100,000		97,528
Huntington Bancshares, Inc. Series E, 8.535%, to 01/16/24  (2)		150,000		135,027
Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/27   (2)		150,000		127,526
JPMorgan Chase & Co. Series B, 6.138%, due 02/01/27 (3-month US Libor + .50%)		150,000		143,269
JPMorgan Chase & Co., 8.888%, to 02/01/24		200,000		200,800
Old National Bancorp, 4.125%, due 08/15/24		100,000		98,626
Truist Financial Corp. Series M, 5.125%, to 12/15/27		150,000		120,445
US Bancorp, 3.700%, to 01/15/27		300,000		228,111
Wells Fargo & Co. Series MTN, 6.000%, due 10/28/25		250,000		249,571
				1,685,587
Personal Credit Institutions - 0.53%
Discover Financial Services Series D, 6.125%, to 06/23/25		250,000		231,965
Pharmaceutical Preparations - 0.22%
AbbVie, Inc., 3.200%, due 05/14/26		100,000		95,797
Security Brokers, Dealers & Flotation Companies - 0.80%
Capital Southwest Corp., 3.375%, due 10/01/26		400,000		345,988
Services-Advertising Agencies - 0.44%
Omnicom Group, Inc., 3.600%, due 04/15/26		200,000		192,822
Services-Equipment Rental & Leasing, Nec - 0.97%
Air Lease Corp., 3.625%, due 12/01/27		200,000		185,192
United Rentals, Inc., 3.875%, due 11/15/27		250,000		235,056
				420,248
Services-Miscellaneous Amusement & Recreation - 0.60%
Walt Disney Co., 7.700%, due 10/30/25		250,000		261,750
Services-Prepackaged Software - 0.54%
Oracle Corp., 1.650%, due 03/25/26		100,000		92,139
VMWare, Inc., 3.900%, due 08/21/27		150,000		142,939
				235,078
State Commercial Banks - 1.18%
Citizens Financial Group, Inc., 4.350%, due 08/01/25		100,000		97,040
Eagle Bancorp, Inc., 5.750%, due 09/01/24		250,000		235,835
Fifth Third Bancorp Series L, 4.500%, to 09/30/25		200,000		180,240
				513,115
Total Corporate Bonds		(Cost $           6,019,566)		5,811,094
Municipal Bonds - 5.34%    (5)
California - 0.09%
Porterville Unified School District, 7.250%, due 07/01/27		20,000		20,029
San Bernardino County Redevelopment Agency, 3.625%, due 09/01/24		20,000		19,660
				39,689
Georgia - 0.23%
Georgia Loc. Govt., 4.750%, due 06/01/28		99,000		101,707
Indiana - 0.73%
Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, due 07/15/27		135,000		138,514
Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, due 08/01/28		190,000		172,942
Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, due 01/15/24		5,000		5,000
				316,456
Maryland - 0.46%
Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/25		200,000		199,978
Michigan - 0.55%
City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, due 08/01/26		25,000		26,325
Michigan State Taxable School Loan Series A, 3.200%, due 05/15/27		227,500		214,887
				241,212
New York - 1.11%
New York City, NY Transitional Financice Authority Revenue, 2.760%, due 02/01/26		250,000		237,460
New York St Dorm Auth Revenues, 1.085%, due 07/01/24		250,000		243,653
				481,113
Ohio - 0.61%
New Albany, Floyd County Industry School First Mortgage, 5.000%, due 01/15/27		250,000		264,620
Pennsylvania - 0.92%
East-Norriton-Plymouth-Whipain Joint Sewer Authority, 1.832%, due 8/01/28		250,000		218,480
Pennsylvania ST Txble-Ref-First Refunding Series, 1.200%, due 08/01/26		200,000		181,598
				400,078
Washington - 0.16%
Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, due 12/01/25		70,000		69,511
Wisconsin - 0.48%
Greendale, WI Taxable Community Development, Series A, 4.750%, due 12/01/26		110,000		109,332
Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, due 01/01/24		100,000		99,837
				209,169
Total Municipal Bonds		(Cost $           2,464,055)		2,323,533
Preferred Securities - 1.13%   (5)
Asset Management - 0.16%
B Riley Financial, Inc., 6.50%, due 09/30/26		4,000		68,600
Motor Vehicles & Passenger Car Bodies - 0.33%
Ford Motor Co., 6.000%, due 12/01/59		6,000		142,260
National Commercial Banks - 0.59%
BAC Capital Trust XIII Series F, 6.071%, 03/15/43  (2)		150,000		110,250
PNC Capital Trust C, 6.241%, due 06/01/28 (3-month Libor + 0.57%)   (2)		150,000		140,077
				250,327
Telephone Communications (No Radio Telephone) - 0.07%
QWest Corp., 6.500%, due 09/01/56		3,000		31,830
Total Preferred Securities		(Cost $             917,363)		493,017
Structured Notes - 0.37%   (5)
Security Brokers, Dealers & Flotation Companies - 0.37%
Goldman Sachs Group, Inc., 0.000%, Capped at 10% (4) (maturity date: 11/13/28)		125,000		94,563
Morgan Stanley Series MTN, 0.000%, due 08/30/28 (4)		95,000		66,820
Total Structured Note		(Cost $              211,585)		161,383
US Government - 1.66%
U.S. Government Treasury Bill, 3.875%, 08/15/33		750,000		721,172
Total US Government		(Cost $              705,614)		721,172
Money Market Registered Investment Companies - 2.64%
Federated Treasury Obligation Fund - Institutional Shares 5.23% (4)		1,147,379		1,147,379
Total Money Market Registered Investment Companies		(Cost $           1,147,379)		1,147,379
Total Investments - 98.77%		(Cost $          29,191,161)		42,950,210
Other Assets less Liabilities - 1.23%				536,407
Total Net Assets - 100.00%				43,486,617
(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, 2023 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments
Level 1 - Quoted Prices	$	34,161,183	$	-
Level 2 - Other Significant Observable Inputs		8,789,027		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	42,950,210	$	-
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 November 30, 2023.
(5) All Corporate Bonds, Municipal Bonds, Preferred Securities and Structured Notes are categorized as Level 2 of the fair value hierarchy.
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.