# EDGAR Filing Document

**Accession Number:** 0001477491
**File Stem:** 0001162044-23-000063
**Filing Date:** 2023-1
**Character Count:** 75440
**Document Hash:** e4316be401a5124ae9c5c94c7e1be4fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-23-000063.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001162044-23-000063

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARCHER INVESTMENT SERIES TRUST
- **CENTRAL INDEX KEY:** 0001477491
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22356
- **FILM NUMBER:** 23525675

**BUSINESS ADDRESS:**
- **STREET 1:** 11711 N. COLLEGE AVENUE
- **STREET 2:** # 200
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032
- **BUSINESS PHONE:** 3175811776

**MAIL ADDRESS:**
- **STREET 1:** 11711 N. COLLEGE AVENUE
- **STREET 2:** # 200
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARCHER SERIES TRUST
- **DATE OF NAME CHANGE:** 20091124

## Series and Classes Contracts Data

### Archer Balanced Fund (Series ID: S000028092)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000085570 | Archer Balanced Fund | ARCHX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2022 (unaudited)** | **November 30, 2022 (unaudited)** | **November 30, 2022 (unaudited)** |
| **<u>Archer Balanced Fund</u>** | **<u>Archer Balanced Fund</u>** | **<u>Archer Balanced Fund</u>** |
|  | **Shares or Principal** |  |
| **Security Description** | **Amount ($)** | **Fair Value ($)(1)** |
| **Common Stocks - 67.20%** | **Common Stocks - 67.20%** | **Common Stocks - 67.20%** |
| **Air Courier Services - 1.81%** |  |  |
| FedEx Corp. | 4400  | 801768  |
| **Aircraft Engines & Engines Parts - 2.49%** |  |  |
| Honeywell International, Inc. | 5000  | 1097750  |
| **Beverages - 1.68%** |  |  |
| PepsiCo, Inc. | 4000  | 742040  |
| **Commercial Banks - 1.66%** |  |  |
| Toronto Dominion Bank (Canada) | 11000  | 734140  |
| **Electric Services - 2.92%** |  |  |
| NextEra Energy, Inc. | 15200  | 1287440  |
| **Electrical Work - 3.73%** |  |  |
| Quanta Services, Inc. | 11000  | 1648680  |
| **Electromedical & Electrotherapeutic Appa - 1.16%** |  |  |
| Medtronic PLC. (Ireland) | 6500  | 513760  |
| **Electronic Computers - 2.25%** |  |  |
| Apple, Inc. | 6700  | 991801  |
| **Food & Kindred Products - 1.32%** |  |  |
| Nestle S.A. ADR (2) | 4900  | 583051  |
| **Guided Missiles & Space Vehicles & Parts - 2.80%** |  |  |
| Lockheed Martin Corp. | 2550  | 1237235  |
| **National Commercial Banks - 3.96%** |  |  |
| Citigroup, Inc. | 13000  | 629330  |
| JPMorgan Chase & Co. | 8100  | 1119258  |
|  |  | 1748588  |
| **Petroleum Refining - 2.62%** |  |  |
| Chevron Corp. | 6300  | 1154853  |
| **Pharmaceutical Preparations - 10.59%** |  |  |
| Bristol Myers Squibb Co. | 8550  | 686394  |
| Eli Lilly & Co. | 1800  | 667944  |
| Johnson & Johnson | 5000  | 890000  |
| Merck & Co., Inc. | 11950  | 1315934  |
| Pfizer, Inc. | 22300  | 1117899  |
|  |  | 4678171  |
| **Railroads, Line-Haul Operating - 2.27%** |  |  |
| Union Pacific Corp. | 4600  | 1000178  |
| **Retail-Drug Stores & Proprietary Stores - 3.14%** |  |  |
| CVS Health Corp. | 13594  | 1384957  |
| **Retail-Lumber & Other Building Materials Dealers - 1.61%** |  |  |
| Home Depot, Inc. | 2200  | 712778  |
| **Retail-Variety Stores - 2.76%** |  |  |
| WalMart, Inc. | 8000  | 1219360  |
| **Rubber & Plastics Footwear - 1.24%** |  |  |
| Nike, Inc. Class B | 5000  | 548450  |
| **Semiconductors & Related Devices - 4.08%** |  |  |
| Broadcom, Inc. | 1600  | 881648  |
| Intel Corp. | 13200  | 396924  |
| Texas Instruments, Inc. | 2900  | 523334  |
|  |  | 1801906  |
| **Services-Business Services - 4.59%** |  |  |
| Accenture PLC. Class A (Ireland) | 3000  | 902790  |
| MasterCard, Inc. Class A | 3150  | 1122660  |
|  |  | 2025450  |
| **Services-Computer Programming, Data Processing, Etc. - 3.59%** |  |  |
| Alphabet, Inc. Class A (2) | 10700  | 1080593  |
| Meta Platforms, Inc. Class A (2) | 4275  | 504878  |
|  |  | 1585471  |
| **Services-Medical Laboratories - 1.17%** |  |  |
| Laboratory Corp. of America Holdings  | 2150  | 517505  |
| **Services-Miscellaneous Amusement & Recreation - 0.89%** |  |  |
| Walt Disney Co. (2) | 4000  | 391480  |
| **Services-Prepackaged Software - 2.87%** |  |  |
| Microsoft Corp. | 3700  | 944018  |
| VMWare, Inc. Class A (2) | 2643  | 321098  |
|  |  | 1265116  |
| Total Common Stock | (Cost $16,665,877) | 29671928  |
| **Exchange-Traded Funds - 0.57% (3)** | **Exchange-Traded Funds - 0.57% (3)** | **Exchange-Traded Funds - 0.57% (3)** |
| JPMorgan Ultra-Short Income ETF | 5000  | 251250  |
| Total Exchange-Traded Funds | (Cost $253,040) | 251250  |
| **Real Estate Investment Trusts - 4.70%** | **Real Estate Investment Trusts - 4.70%** | **Real Estate Investment Trusts - 4.70%** |
| Extra Space Storage, Inc. | 5100  | 819519  |
| Prologis, Inc. | 9452  | 1113351  |
| Ready Capital Corp., 5.750%, due 02/15/26 | 6000  | 140460  |
| Total Real Estate Investment Trusts | (Cost $1,047,531) | 2073330  |
| **Corporate Bonds - 17.49% (5)** | **Corporate Bonds - 17.49% (5)** | **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 | 76525  | 76053  |
| Southwest Airlines Co., 5.250%, due 05/04/25 | 250000  | 251095  |
|  |  | 327148  |
| **Aircraft - 0.52%** |  |  |
| Boeing Co., 2.600%, due 10/30/25 | 250000  | 231363  |
| **Asset Management - 0.56%** |  |  |
| Janus Capital Group, Inc., 4.875%, 08/01/25 | 250000  | 246251  |
| **Beverages - 0.33%** |  |  |
| Keurig Dr. Pepper, Inc., 3.130%, due 12/15/23 | 150000  | 146955  |
| **Commercial Banks - 0.20%** |  |  |
| Royal Bank of Canada, 1.200%, due 04/27/26 | 100000  | 88961  |
| **Electric Services - 0.22%** |  |  |
| Southern California Edison Co. Series E, 3.700%, due 08/01/25 | 100000  | 97120  |
| **Electronic & Other Electrical Equipment (No Computer Equipment) - 0.56%** |  |  |
| General Electric Co. Series A, 5.572%, to 09/15/2049 | 300000  | 248993  |
| **Gen Building Contractors - Residential Buildings - 0.77%** |  |  |
| Lennar Corp., 4.750%, due 11/29/27 | 150000  | 143358  |
| Lennar Corp., 4.875%, due 12/15/23 | 200000  | 198842  |
|  |  | 342200  |
| **Hotels and Motels - 0.56%** |  |  |
| Marriott International, Inc. Series Z, 4.150%, 12/01/23 | 250000  | 247561  |
| **Investment Advice - 0.44%** |  |  |
| Affiliated Managers Group, Inc., 3.500%, 08/01/25 | 200000  | 192351  |
| **Miscellaneous Business Credit Institution - 0.11%** |  |  |
| Ford Motor Credit Co. LLC., 3.810%, due 01/09/24 | 50000  | 48814  |
| **Motor Vehicles & Passanger Car Bodies - 0.27%** |  |  |
| General Motors Financial Co., Inc., 3.10%, 1/12/2032 | 150000  | 119893  |
| **National Commercial Banks - 4.82%** |  |  |
| Banc of California, Inc., 5.250%, due 04/15/25 | 300000  | 295200  |
| Bank of America Corp. Series L, 3.950%, due 04/21/25 | 100000  | 97641  |
| Citigroup, Inc. Series B, 5.900%, to 02/15/23 | 200000  | 197522  |
| Citigroup Global Markets, Inc. Series MTN, 3.000%, 07/17/23 | 500000  | 491861  |
| JPMorgan Chase & Co. Series B, 4.93, due 02/01/27 (3-month US Libor + .50%) | 150000  | 138092  |
| JPMorgan Chase & Co., 5.150%, 05/01/2023 Perp | 200000  | 195250  |
| Old National Bancorp, 4.125%, due 08/15/24 | 100000  | 97113  |
| Truist Financial Corp. Series M, 5.125%, to 12/15/27 | 150000  | 123382  |
| US Bancorp, 3.700%, 01/15/27 | 300000  | 239316  |
| Wells Fargo & Company, 6.000%, due 10/28/25 | 250000  | 250788  |
|  |  | 2126165  |
| **Personal Credit Institutions - 0.55%** |  |  |
| Discover Financial Services Series D, 6.125%, to 06/23/25 | 250000  | 242451  |
| **Pharmaceutical Preparations - 0.33%** |  |  |
| AbbVie, Inc., 3.200%, due 05/14/26 | 100000  | 94947  |
| Mylan, Inc., 4.200%, due 11/29/23 | 50000  | 49371  |
|  |  | 144318  |
| **Property & Casualty Insurance - 0.46%** |  |  |
| Finial Holdings, Inc., 7.125%, due 10/15/23 (Switzerland) | 200000  | 203163  |
| **Rubber & Plastics Footwear - 0.45%** |  |  |
| Nike, Inc., 2.250%, due 05/01/23 | 200000  | 197616  |
| **Security Brokers, Dealers & Flotation Companies - 1.64%** |  |  |
| Capital Southwest Corp., 3.375%, due 10/01/26 | 400000  | 338000  |
| Goldman Sachs Group, Inc., Series MTN, 1.000%, due 11/15/23 | 400000  | 383975  |
|  |  | 721975  |
| **Services-Advertising Agencies - 0.44%** |  |  |
| Omnicom Group, Inc., 3.600%, due 04/15/26 | 200000  | 192348  |
| **Services-Equipment Rental & Leasing, Nec - 0.92%** |  |  |
| Air Lease Corp., 3.625%, 12/01/27 | 200000  | 179108  |
| United Rentals, Inc., 3.875%, 11/15/27 | 250000  | 229133  |
|  |  | 408241  |
| **Services-Miscellaneous Amusement & Recreation - 0.61%** |  |  |
| The Walt Disney Co., 7.700%, 10/30/25 | 250000  | 269164  |
| **Services-Prepackaged Software - 0.52%** |  |  |
| Oracle Corp., 1.650%, due 03/25/26 | 100000  | 89564  |
| VMWare, Inc., 3.900%, due 08/21/27 | 150000  | 140932  |
|  |  | 230496  |
| **State Commercial Banks - 1.47%** |  |  |
| Citizens Financial Group, Inc., 4.350%, due 08/01/25 | 100000  | 96507  |
| Eagle Bancorp, Inc., 5.750%, due 09/01/24 | 250000  | 249781  |
| Fifth Third Bancorp Series L, 4.500%, to 09/30/25 | 200000  | 187230  |
| SVB Financial Group, 4.100%, to 02/15/31 | 200000  | 113887  |
|  |  | 647405  |
| Total Corporate Bonds | (Cost $8,378,893) | 7720952  |
| **Municipal Bonds - 6.54% (5)** | **Municipal Bonds - 6.54% (5)** | **Municipal Bonds - 6.54% (5)** |
| **California - 0.09%** |  |  |
| Porterville Unified School District, 7.250%, due 07/01/27 | 20000  | 20044  |
| San Bernardino County Redevelopment Agency, 3.625%, due 09/01/24 | 20000  | 19458  |
|  |  | 39502  |
| **Georgia - 0.24%** |  |  |
| Georgia Loc. Govt., 4.750%, due 06/01/28 | 99000  | 104178  |
| **Indiana - 0.74%** |  |  |
| Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, due 07/15/27 | 135000  | 137005  |
| Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, due 08/01/28 | 190000  | 171262  |
| Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, due 01/15/24 | 20000  | 20008  |
|  |  | 328275  |
| **Kentucky - 0.12%** |  |  |
| Louisville/Jefferson County Metro Government, 3.000%, due 05/01/23 | 55000  | 54304  |
| **Maryland - 0.67%** |  |  |
| Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/25 | 200000  | 205968  |
| Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, due 6/01/23 | 90000  | 89142  |
|  |  | 295110  |
| **Michigan - 0.60%** |  |  |
| City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, due 08/01/26 | 25000  | 26898  |
| Michigan State Taxable School Loan Series A, 3.200%, due 05/15/27 | 250000  | 236963  |
|  |  | 263861  |
| **New York - 1.96%** |  |  |
| City of New York, NY Txbl-Subser A-2, 1.980%, due 8/01/23 | 200000  | 196858  |
| New York City NY Transitional Financice Authority Revenue, 2.760%, 02/01/26 | 250000  | 235323  |
| New York St Dorm Auth Revenues, 1.085%, 07/01/24 | 250000  | 235480  |
| Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, due 08/01/23 | 200000  | 196920  |
|  |  | 864581  |
| **Ohio - 0.61%** |  |  |
| New Albany, Floyd County Industry School First Mortgage, 5.000%, due 01/15/27 | 250000  | 270593  |
| **Pennsylvania - 0.88%** |  |  |
| East Norriton Plymouth Whipain Joint Sewer Authority, 1.832%, due 8/01/28 | 250000  | 214110  |
| Pennsylvania ST Txble-Ref-First Refunding Series, 1.200%, due 08/01/26 | 200000  | 174786  |
|  |  | 388896  |
| **Washington - 0.16%** |  |  |
| Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, due 12/01/25 | 70000  | 70109  |
| **Wisconsin - 0.47%** |  |  |
| Greendale, WI Taxable Community Development, Series A, 4.750%, due 12/01/26 | 110000  | 110005  |
| Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, due 01/01/24 | 100000  | 97814  |
|  |  | 207819  |
| Total Municipal Bonds | (Cost $3,065,541) | 2887228  |
| **Preferred Securities - 1.83%** | **Preferred Securities - 1.83%** | **Preferred Securities - 1.83%** |
| **Asset Management - 0.21%** |  |  |
| B Riley Financial, Inc., 6.50%, due 09/30/26 | 4000  | 92920  |
| **Motor Vehicles & Passenger Car Bodies - 0.32%** |  |  |
| Ford Motor Co., 6.000%, due 12/01/59 | 6000  | 141900  |
| **National Commercial Banks - 1.17%** |  |  |
| BAC Capital Trust XIII Series F, 4.000% (3-month Libor +0.40%)  | 150000  | 113181  |
| Huntington Bancshares, Inc. Series E, 5.70%, to 04/15/23 | 150000  | 138375  |
| Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/27 | 150000  | 132758  |
| PNC Capital Trust C, 3.652%, due 06/01/28 (3-month Libor + 0.57%) | 150000  | 134284  |
|  |  | 518598  |
| **Telephone Communications (No Radio Telephone) - 0.13%** |  |  |
| QWest Corp., 6.500%, due 09/01/56 | 3000  | 56760  |
| Total Preferred Securities | (Cost $918,289) | 810178  |
| **Structured Note - 0.36% (5)** | **Structured Note - 0.36% (5)** | **Structured Note - 0.36% (5)** |
| **Security Brokers, Dealers & Flotation Companies - 0.36%** |  |  |
| Goldman Sachs Group, Inc., 0.000%, Capped at 10% (4) <sup>(maturity date: 11/13/28)</sup> | 125000  | 95000  |
| Morgan Stanley Series MTN, 0.00%, due 08/30/28, Capped at 12% (4) | 95000  | 62967  |
| Total Structured Note | (Cost $209,896) | 157967  |
| **Money Market Registered Investment Companies - 0.99%** | **Money Market Registered Investment Companies - 0.99%** | **Money Market Registered Investment Companies - 0.99%** |
| Federated Treasury Obligation Fund - Institutional Shares 3.66% (4) | 437136  | 437136  |
| Total Money Market Registered Investment Companies | (Cost $437,136) | 437136  |
| **Total Investments - 99.67%** | (Cost $30,976,203) | 44009969  |
| Other Assets less Liabilities - 0.33% |  | 145831  |
| Total Net Assets - 100.00% |  | 44155800  |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical securities |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2022 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of November 30, 2022 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 | $32433644 | $- |
| Level 2 - Other Significant Observable Inputs | 11576325 | - |
| Level 3 - Significant Unobservable Inputs | - | - |
| Total | $44009969 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. |
| (2) Represents non-income producing securities. | (2) Represents non-income producing securities. | (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. | (4) Variable rate security; the coupon rate shown represents the yield at November 30, 2022. | (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. | (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. | (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. | (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.  | 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.  | 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. | 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. | 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.  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ARCHER INVESTMENT SERIES TRUST

- **b. Investment Company Act file number:** 811-22356

- **c. CIK number of Registrant:** 0001477491

- **d. LEI of Registrant:** 549300ULDSJ2RHNW9957

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11711 N. College Ave., #200

  - **City:** Carmel

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46032

  - **Telephone number:** 317-581-1300

**Item A.2. Information about the Series.**

- **a. Name of Series:** Archer Balanced Fund

- **b. EDGAR series identifier (if any):** S000028092

- **c. LEI of Series:** 5493006BPWCZ4KYZOD43

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $44207946.59

**Total Liabilities:** $52146.55

**Net Assets:** $44155800.04

**Cash Not Reported:** $2500.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 5.25 | **1-Year:** 5.53 | **5-Year:** 0.34 | **10-Year:** 0.30 | **30-Year:** 0.46

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -0 | **1-Year:** -0 | **5-Year:** -0 | **10-Year:** -0 | **30-Year:** -0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000085570 | -7.00%               | 5.47%                | 4.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-76059.45               | $-2999115.33                               |
| Month 2  | $-202309.56              | $2414763.93                                |
| Month 3  | $-16.36                  | $1941325.63                                |

### Schedule of Portfolio Investments

| Name                                                  | Title                                                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie, Inc.                                          | AbbVie, Inc., 3.200%, due 05/14/26                                                                                    | CUSIP: 00287YAY5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94946.81     | 0.22%             | 2026-05-14      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Accenture PLC                                         | Accenture PLC. Class A (Ireland)                                                                                      | CUSIP: G1151C101<br>LEI: 549300JY6CF6DO4YFQ03 | Long             | EC               | CORP              | IE        |      3000 | NS      | $902790.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                       | Affiliated Managers Group, Inc., 3.500%, 08/01/25                                                                     | CUSIP: 008252AN8<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192351.38    | 0.44%             | 2025-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                       | Air Lease Corp., 3.625%, 12/01/27                                                                                     | CUSIP: 00912XAY0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179108.33    | 0.41%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                        | Alphabet, Inc. Class A                                                                                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10700 | NS      | $1080593.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines 2013-2 Pass Through Trust           | American Airlines 2013-2 Class A Pass Through Trust, 4.950%, due 01/15/23                                             | CUSIP: 02377UAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76525 | PA      | $76052.90     | 0.17%             | 2023-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                           | Apple, Inc.                                                                                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      6700 | NS      | $991801.00    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| B Riley Financial, Inc.                               | B Riley Financial, Inc., 6.50%, due 09/30/26                                                                          | CUSIP: 05580M801<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4000 | NS      | $92920.00     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                 | BAC Capital Trust XIII Series F, 4.000% (3-month Libor + 0.40%)                                                       | CUSIP: 05518UAA5<br>LEI: 549300I6GXQ4O8PHFJ89 | Long             | DBT              | CORP              | US        |    150000 | PA      | $113180.79    | 0.26%             | 2043-03-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Baltimore Board of School Commissioners               | Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/25                                    | CUSIP: 183596CY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205968.00    | 0.47%             | 2025-12-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Banc of California, Inc.                              | Banc of California, Inc., 5.250%, due 04/15/25                                                                        | CUSIP: 05990KAC0<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295200.42    | 0.67%             | 2025-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                 | Bank of America Corp. Series L, 3.950%, due 04/21/25                                                                  | CUSIP: 06051GFP9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97641.38     | 0.22%             | 2025-04-21      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                            | Boeing Co., 2.600%, due 10/30/25                                                                                      | CUSIP: 097023BP9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231362.97    | 0.52%             | 2025-10-30      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Bristol Myers Squibb Co.                              | Bristol Myers Squibb Co.                                                                                              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      8550 | NS      | $686394.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                        | Broadcom, Inc.                                                                                                        | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1600 | NS      | $881648.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                      | CVS Health Corp.                                                                                                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     13594 | NS      | $1384956.72   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Southwest Corp.                               | Capital Southwest Corp., 3.375%, due 10/01/26                                                                         | CUSIP: 140501AC1<br>LEI: 54930023YZ4YEJEDBO56 | Long             | DBT              | CORP              | US        |    400000 | PA      | $338000.00    | 0.77%             | 2026-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                         | Chevron Corp.                                                                                                         | CUSIP: 166764100<br>LEI: 549300VVH8HHFMWL8536 | Long             | EC               | CORP              | US        |      6300 | NS      | $1154853.00   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Global Markets Holdings Inc.                | Citigroup Global Markets, Inc. Series MTN, 3.000%, 07/17/23                                                           | CUSIP: 17330PBW8<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491860.42    | 1.11%             | 2023-07-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                       | Citigroup, Inc.                                                                                                       | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     13000 | NS      | $629330.00    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                       | Citigroup, Inc. Series B, 5.900%, to 02/15/23                                                                         | CUSIP: 172967GF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197521.88    | 0.45%             | 2023-02-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                        | Citizens Financial Group, Inc., 4.350%, due 08/01/25                                                                  | CUSIP: 174610AJ4<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96507.05     | 0.22%             | 2025-08-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| City of Coldwater MI Water Supply & Wastewater System | City of Coldwater, MI Water Supply & Wastewater System Revenue, 5.000%, due 08/01/26                                  | CUSIP: 193170EG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $26898.25     | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                      | City of New York, NY Txbl-Subser A-2, 1.980%, due 8/01/23                                                             | CUSIP: 64966MEE5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196858.00    | 0.45%             | 2023-08-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Discover Financial Services                           | Discover Financial Services Series D, 6.125%, to 06/23/25                                                             | CUSIP: 254709AQ1<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242451.10    | 0.55%             | 2025-06-23      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 206                    | Douglas County, WA School District No. 206 Eastmont Qualified School Construction, 4.700%, due 12/01/25               | CUSIP: 259579KL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70109.20     | 0.16%             | 2025-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Eagle Bancorp, Inc.                                   | Eagle Bancorp, Inc., 5.750%, due 09/01/24                                                                             | CUSIP: 268948AA4<br>LEI: 549300B47NZODRMG3D47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249780.82    | 0.57%             | 2024-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| East Norriton & Plymouth                              | East Norriton Plymouth Whipain Joint Sewer Authority, 1.832%, due 8/01/28                                             | CUSIP: 274029GM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $214110.00    | 0.48%             | 2028-08-01      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                       | Eli Lilly & Co.                                                                                                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1800 | NS      | $667944.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Evansville Vanderburgh Indiana School Corp.           | Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 6.150%, due 07/15/27                                          | CUSIP: 299620EE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $137004.75    | 0.31%             | 2027-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage, Inc.                             | Extra Space Storage, Inc.                                                                                             | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5100 | NS      | $819519.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                                           | FedEx Corp.                                                                                                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      4400 | NS      | $801768.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Money Market Obligations Trust       | Federated Treasury Obligation Fund - Institutional Shares                                                             | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    437136 | NS      | $437136.26    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp.                                  | Fifth Third Bancorp Series L, 4.500%, to 09/30/25                                                                     | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187230.00    | 0.42%             | 2025-09-30      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Zurich Reinsurance Centre Holdings, Inc.              | Finial Holdings, Inc., 7.125%, due 10/15/23 (Switzerland)                                                             | CUSIP: 989822AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $203163.24    | 0.46%             | 2023-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fishers IN Econ Development Revenue                   | Fishers, IN Econ Development Revenue Taxable-P3 Project, 2.650%, due 08/01/28                                         | CUSIP: 338035KJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $171262.20    | 0.39%             | 2028-08-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co.                                        | Ford Motor Co., 6.000%, due 12/01/59                                                                                  | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |      6000 | NS      | $141900.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Credit Co. LLC.                            | Ford Motor Credit Co. LLC., 3.810%, due 01/09/24                                                                      | CUSIP: 345397YG2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48814.00     | 0.11%             | 2024-01-09      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| General Electric Co.                                  | General Electric Co. Series A, 5.572%, to 09/15/2049                                                                  | CUSIP: 369604BM4<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $248992.50    | 0.56%             | 2049-09-15      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co.                          | General Motors Financial Co., Inc., 3.100%, 01/12/32                                                                  | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $119893.46    | 0.27%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Georgia Local Government CTFS                         | Georgia Loc. Govt., 4.750%, due 06/01/28                                                                              | CUSIP: 373271AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     99000 | PA      | $104177.70    | 0.24%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | Goldman Sachs Group, Inc., 0.000%, Capped at 10%, (Maturity Date 11/13/28)                                            | CUSIP: 38147QK21<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    125000 | PA      | $95000.00     | 0.22%             | 2028-11-13      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | Goldman Sachs Group, Inc., Series MTN, 1.000%, due 11/15/23                                                           | CUSIP: 38150AJH9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $383974.71    | 0.87%             | 2023-11-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Greendale, WI                                         | Greendale, WI Taxable Community Development, Series A, 4.750%, due 12/01/26                                           | CUSIP: 394244GT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $110005.50    | 0.25%             | 2026-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc.                                      | Home Depot, Inc.                                                                                                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2200 | NS      | $712778.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                         | Honeywell International, Inc.                                                                                         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      5000 | NS      | $1097750.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares, Inc.                           | Huntington Bancshares, Inc. Series E, 5.70%, to 04/15/23                                                              | CUSIP: 446150AL8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138375.00    | 0.31%             | 2023-04-15      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                           | Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/27                                                             | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132758.49    | 0.30%             | 2027-10-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                           | Intel Corp.                                                                                                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     13200 | NS      | $396924.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPMorgan Chase & Co.                                                                                                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8100 | NS      | $1119258.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPMorgan Chase & Co. Series B, 4.93, due 02/01/27 (3-month US Libor + .50%)                                           | CUSIP: 161480AB4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138091.72    | 0.31%             | 2027-02-01      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPMorgan Chase & Co., 5.150%, 05/01/2023 Perp                                                                         | CUSIP: 48124BAC9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195250.00    | 0.44%             | 2023-05-01      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPMorgan Ultra-Short Income ETF                                                                                       | CUSIP: 46641Q837<br>LEI: 549300C27W430AWFZC05 | Long             | EC               | RF                | US        |      5000 | NS      | $251250.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Capital Group, Inc.                             | Janus Capital Group, Inc., 4.875%, 08/01/25                                                                           | CUSIP: 47102XAJ4<br>LEI: 8T2ZO87FU1KVPZIG9I59 | Long             | DBT              | CORP              | JE        |    250000 | PA      | $246251.17    | 0.56%             | 2025-08-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                     | Johnson & Johnson                                                                                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5000 | NS      | $890000.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr. Pepper, Inc.                               | Keurig Dr. Pepper, Inc., 3.130%, due 12/15/23                                                                         | CUSIP: 26138EAW9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146955.27    | 0.33%             | 2023-12-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Laboratory Corp. of America Holdings                  | Laboratory Corp. of America Holdings                                                                                  | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      2150 | NS      | $517505.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                          | Lennar Corp., 4.750%, due 11/29/27                                                                                    | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143358.40    | 0.32%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                          | Lennar Corp., 4.875%, due 12/15/23                                                                                    | CUSIP: 526057BW3<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198842.03    | 0.45%             | 2023-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                 | Lockheed Martin Corp.                                                                                                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2550 | NS      | $1237234.50   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisville/Jefferson County Metro Government          | Louisville/Jefferson County Metro Government, 3.000%, due 05/01/23                                                    | CUSIP: 54675QCH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54304.25     | 0.12%             | 2023-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                          | Marriott International, Inc. Series Z, 4.150%, 12/01/23                                                               | CUSIP: 571903BA0<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247560.57    | 0.56%             | 2023-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                   | Maryland St. Econ Dev Corp Pkg Facs Revenue Taxable Senior Baltimore City Proj Series B, 3.950%, due 6/01/23          | CUSIP: 57422KAF2<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89142.30     | 0.20%             | 2023-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MasterCard, Inc.                                      | MasterCard, Inc. Class A                                                                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3150 | NS      | $1122660.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                         | Medtronic PLC. (Ireland)                                                                                              | CUSIP: 585055106<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      6500 | NS      | $513760.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                     | Merck & Co., Inc.                                                                                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     11950 | NS      | $1315934.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                  | Meta Platforms, Inc. Class A                                                                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4275 | NS      | $504877.50    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| State of Michigan                                     | Michigan State Taxable School Loan Series A, 3.200%, due 05/15/27                                                     | CUSIP: 594612BD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $236962.50    | 0.54%             | 2027-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                       | Microsoft Corp.                                                                                                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      3700 | NS      | $944018.00    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                        | Morgan Stanley Series MTN, 0.00%, due 08/30/28, Capped at 12%                                                         | CUSIP: 61760QDF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     95000 | PA      | $62966.95     | 0.14%             | 2028-08-30      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Mylan, Inc.                                           | Mylan, Inc., 4.200%, due 11/29/23                                                                                     | CUSIP: 628530BD8<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49371.63     | 0.11%             | 2023-11-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Nestle S.A.                                           | Nestle S.A. ADR                                                                                                       | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      4900 | NS      | $583051.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| New Albany Floyd County School                        | New Albany, Floyd County Industry School First Mortgage, 5.000%, due 01/15/27                                         | CUSIP: 641667RC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $270592.50    | 0.61%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority          | New York City NY Transitional Financice Authority Revenue, 2.760%, 02/01/26                                           | CUSIP: 64971WF88<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235322.50    | 0.53%             | 2026-02-01      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| New York St Dorm Auth Revenues                        | New York St Dorm Auth Revenues, 1.085%, 07/01/24                                                                      | CUSIP: 65000BGS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $235480.00    | 0.53%             | 2024-07-01      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| NextEra Energy, Inc.                                  | NextEra Energy, Inc.                                                                                                  | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15200 | NS      | $1287440.00   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                            | Nike, Inc. Class B                                                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      5000 | NS      | $548450.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                            | Nike, Inc., 2.250%, due 05/01/23                                                                                      | CUSIP: 654106AC7<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197615.72    | 0.45%             | 2023-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Old National Bancorp                                  | Old National Bancorp, 4.125%, due 08/15/24                                                                            | CUSIP: 680033AC1<br>LEI: 549300MMK90CL5KMVX16 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97112.87     | 0.22%             | 2024-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Omnicom Group, Inc.                                   | Omnicom Group, Inc., 3.600%, due 04/15/26                                                                             | CUSIP: 68217FAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $192347.55    | 0.44%             | 2026-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                          | Oracle Corp., 1.650%, due 03/25/26                                                                                    | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89563.98     | 0.20%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PNC Capital Trust C                                   | PNC Capital Trust C, 3.652%, due 06/01/28 (3-month Libor + 0.57%)                                                     | CUSIP: 69349AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $134283.68    | 0.30%             | 2028-06-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania Treasury                 | Pennsylvania ST Txble-Ref-First Refunding Series, 1.200%, due 08/01/26                                                | CUSIP: 70914PW57<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $174786.00    | 0.40%             | 2026-08-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                         | PepsiCo, Inc.                                                                                                         | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      4000 | NS      | $742040.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                          | Pfizer, Inc.                                                                                                          | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     22300 | NS      | $1117899.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Porterville Unified School District                   | Porterville Unified School District, 7.250%, due 07/01/27                                                             | CUSIP: 73639PAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20044.40     | 0.05%             | 2027-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Prologis, Inc.                                        | Prologis, Inc.                                                                                                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      9452 | NS      | $1113351.08   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Qwest Corp.                                           | QWest Corp., 6.500%, due 09/01/56                                                                                     | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |      3000 | NS      | $56760.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                                 | Quanta Services, Inc.                                                                                                 | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     11000 | NS      | $1648680.00   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp.                                   | Ready Capital Corp., 5.750%, due 02/15/26                                                                             | CUSIP: 75574U606<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |      6000 | NS      | $140460.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Richland Bean Blossom School                          | Richland Bean Blossom, IN Sch. Bldg. Corp., 5.750%, due 01/15/24                                                      | CUSIP: 763495FF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20008.00     | 0.05%             | 2024-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                  | Royal Bank of Canada, 1.200%, due 04/27/26                                                                            | CUSIP: 78016EZQ3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $88961.00     | 0.20%             | 2026-04-27      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| SVB Financial Group                                   | SVB Financial Group, 4.100%, to 02/15/31                                                                              | CUSIP: 78486QAG6<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |    200000 | PA      | $113887.08    | 0.26%             | 2031-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| San Bernardino County Redevelopment                   | San Bernardino County Redevelopment Agency, 3.625%, due 09/01/24                                                      | CUSIP: 79687DAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19458.40     | 0.04%             | 2024-09-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Schenectady Metroplex Development                     | Schenectady, NY Metroplex Development Authority Revenue Taxable Ref, 2.250%, due 08/01/23                             | CUSIP: 80647NFC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $196920.00    | 0.45%             | 2023-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                        | Southern California Edison Co. Series E, 3.700%, due 08/01/25                                                         | CUSIP: 842400GN7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97119.91     | 0.22%             | 2025-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                | Southwest Airlines Co., 5.250%, due 05/04/25                                                                          | CUSIP: 844741BJ6<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251094.87    | 0.57%             | 2025-05-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                               | Texas Instruments, Inc.                                                                                               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      2900 | NS      | $523334.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co.                                       | The Walt Disney Co., 7.700%, 10/30/25                                                                                 | CUSIP: 254687DF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $269164.35    | 0.61%             | 2025-10-30      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Toronto Dominion Bank                                 | Toronto Dominion Bank (Canada)                                                                                        | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     11000 | NS      | $734140.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                                | Truist Financial Corp. Series M, 5.125%, to 12/15/27                                                                  | CUSIP: 89832QAC3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    150000 | PA      | $123381.62    | 0.28%             | 2027-12-15      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                            | US Bancorp, 3.700%, 01/15/27                                                                                          | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    300000 | PA      | $239316.00    | 0.54%             | 2027-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                   | Union Pacific Corp.                                                                                                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4600 | NS      | $1000178.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                                  | United Rentals, Inc., 3.875%, 11/15/27                                                                                | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $229132.50    | 0.52%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VMWare, Inc.                                          | VMWare, Inc., 3.900%, due 08/21/27                                                                                    | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140932.32    | 0.32%             | 2027-08-21      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VMWare, Inc.                                          | VMWare, Inc. Class A                                                                                                  | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               | CORP              | US        |      2643 | NS      | $321098.07    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| WalMart, Inc.                                         | WalMart, Inc.                                                                                                         | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      8000 | NS      | $1219360.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co.                                       | Walt Disney Co.                                                                                                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      4000 | NS      | $391480.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                                 | Wells Fargo & Company, 6.000%, due 10/28/25                                                                           | CUSIP: 95001DCG3<br>LEI: 549300YFEWUJMPG9CN91 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250788.21    | 0.57%             | 2025-10-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisonsin Health & Educational Facilities              | Wisconsin Health Edl Facs Auth Senior Living Revenue Taxable-Covenant Cmntys, Inc. Proj Ser A-2, 4.100%, due 01/01/24 | CUSIP: 97671VAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97814.00     | 0.22%             | 2024-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-11-30

**Name of Applicant:** Archer Investment Series Trust

**Signature:** /s/ Troy C. Patton

**Name of Signer:** Troy C. Patton

**Title:** President