# EDGAR Filing Document

**Accession Number:** 0001477491
**File Stem:** 0001162044-25-001090
**Filing Date:** 2025-10
**Character Count:** 63221
**Document Hash:** 2e5ea7c4a45a53a066a1af8ac286a51d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-001090.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0001162044-25-001090

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20250831

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22356
- **FILM NUMBER:** 251428348

**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 Income Fund (Series ID: S000030455)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000093505 | Archer Income Fund | ARINX           |

## 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 Income Fund

- **b. EDGAR series identifier (if any):** S000030455

- **c. LEI of Series:** 5493000U6YE12YDDT022

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $30564370.49

**Total Liabilities:** $37739.58

**Net Assets:** $30526630.91

**Cash Not Reported:** $70.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 24.93 | **1-Year:** 531.58 | **5-Year:** 3560.74 | **10-Year:** 1705.29 | **30-Year:** 33.19

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

- **3-Month:** -0 | **1-Year:** 1.62 | **5-Year:** 286.71 | **10-Year:** -0 | **30-Year:** 232.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093505 | 0.93%                | 0.12%                | 0.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-572.99                 | $190321.03                                 |
| Month 2  | $-370.17                 | $-57921.35                                 |
| Month 3  | $470.44                  | $170557.01                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc.                                                | AT&T Inc., 7,125%, 12/15/2031                                                                                  | CUSIP: 00206RGT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $451051.22    | 1.48%             | 2031-12-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                          | Air Lease Corp., 3.625%, 12/01/2027                                                                            | CUSIP: 00912XAY0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98860.74     | 0.32%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Ally Financial, Inc.                                     | Ally Financial, Inc. Series B, 4.700%, to 05/15/26                                                             | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145959.20    | 0.48%             | 2050-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                               | Amsouth Bancorp, 6.750%, 11/01/25                                                                              | CUSIP: 032165AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150313.47    | 0.49%             | 2025-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                       | Ares Capital Corp., 5.875%, 03/01/29                                                                           | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257205.23    | 0.84%             | 2029-03-01      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Avon, OH                                         | Avon, OH, General Obligations Various Purpose Improvement Refunding Bonds, Series 2020, 0.955%, due 12/01/2025 | CUSIP: 054213C27<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99253.00     | 0.33%             | 2025-12-01      | Fixed         | 0.96%                 | No            |                  2 | 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        |      3000 | NS      | $61350.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                    | BAC Capital Trust XIII Series F, 4.960%, 03/15/43                                                              | CUSIP: 05518UAA5<br>LEI: 549300I6GXQ4O8PHFJ89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $78521.32     | 0.26%             | 2043-03-15      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Baltimore Board of School Commissioners                  | Baltimore Board of School Commissioners City Schools Revenue, 5.692%, due 12/15/2025                           | CUSIP: 183596CY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100520.00    | 0.33%             | 2025-12-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                    | Bank of America Corp., 5.100%, 9/16/2036                                                                       | CUSIP: 06055JGB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $242149.48    | 0.79%             | 2036-09-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                    | Bank of America Corp., 6.550%, 10/20/2033                                                                      | CUSIP: 06055JCN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200474.11    | 0.66%             | 2033-10-20      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                    | Bank of America Corp., 5.200%, due 12/05/2031                                                                  | CUSIP: 06055JHQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $249544.38    | 0.82%             | 2031-12-05      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bank Of Montreal                                         | Bank of Montreal, 5.100%, due 10/18/234                                                                        | CUSIP: 06376BNM6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245193.32    | 0.80%             | 2034-10-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Bloom & Carroll Local School District                    | Bloom & Carroll Ohio Loc Sch Dist, 5.800%, due 12/01/25                                                        | CUSIP: 093707ET0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60248.40     | 0.20%             | 2025-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| The Boeing Co.                                           | Boeing Co., 2.600%, due 10/30/25                                                                               | CUSIP: 097023BP9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149494.24    | 0.49%             | 2025-10-30      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP.                                    | Boston Properties LP., 4.500%, 12/01/2028                                                                      | CUSIP: 10112RBA1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250062.98    | 0.82%             | 2028-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                         | CVS Health Corp., 5.300%, 06/01/2033                                                                           | CUSIP: 126650DY3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303964.39    | 1.00%             | 2033-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Capital Southwest Corp.                                  | Capital Southwest Corp., 3.375%, due 10/01/26                                                                  | CUSIP: 140501AC1<br>LEI: 54930023YZ4YEJEDBO56 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97209.00     | 0.32%             | 2026-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Caterpillar, Inc.                                        | Caterpillar, Inc., 3.050%, 5/15/2027                                                                           | CUSIP: 14912HRU6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38527.02     | 0.13%             | 2027-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| South State Corp.                                        | CenterState Bank Corp., 5.750%, to 06/01/25                                                                    | CUSIP: 15201PAA7<br>LEI: 549300JZUANXM0YQ4W53 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10000.00     | 0.03%             | 2030-06-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                          | Citigroup, Inc., 0.190%, 3/12/2026                                                                             | CUSIP: 1730T0L64<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    394000 | PA      | $312465.64    | 1.02%             | 2034-03-02      | Fixed         | 0.19%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                           | Citizens Financial Group, Inc., 4.300%, due 2/11/2031                                                          | CUSIP: 174610BA2<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246762.66    | 0.81%             | 2031-02-11      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| City Of Bellevue Wa                                      | City of Bellevue, WA, 0.751%, 12/01/25                                                                         | CUSIP: 0793653V2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $148852.50    | 0.49%             | 2025-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| City of South Bend IN Educational Center Project         | City of South Bend IN Educational Center Project, 2.500%, 8/1/2035                                             | CUSIP: 836521BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $19853.00     | 0.07%             | 2035-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cleveland OH Income Tax                                  | Cleveland, OH Income Tax Revenue Build America Bonds, 6.060%, due 10/01/26                                     | CUSIP: 186387EM4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5042.40      | 0.02%             | 2026-10-01      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Conservation Fund, 3.474%, 12/15/29                                                                            | CUSIP: 20848FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $51861.24     | 0.17%             | 2029-12-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                           | Dentsply Sirona, Inc., 3.250%, to 06/01/2030                                                                   | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137731.88    | 0.45%             | 2030-06-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank                                            | Deutsche Bank, 5.150%, 9/15/2034                                                                               | CUSIP: 25161FL55<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $247669.79    | 0.81%             | 2034-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Dillards, Inc.                                           | Dillards, Inc., 7.750%, due 07/15/26                                                                           | CUSIP: 254063AU4<br>LEI: 529900FGYKMWL6019P91 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35604.69     | 0.12%             | 2026-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                      | EOG Resources, Inc., 6.650%, 4/1/2028                                                                          | CUSIP: 293562AD6<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $316628.74    | 1.04%             | 2028-04-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| East Norriton & Plymouth                                 | East Norriton & Plymouth PA, Jt Swr Auth, 1.832%, due 08/01/28                                                 | CUSIP: 274029GM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $188564.00    | 0.62%             | 2028-08-01      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Empire District Electric Co                              | Empire District Electric Co., 6.700%, 11/15/2033                                                               | CUSIP: 29164RAA9<br>LEI: SODDIORBUCWXMHSFJ978 | Long             | DBT              | CORP              | US        |    325000 | PA      | $349003.63    | 1.14%             | 2033-11-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Evansville-Vanderburgh, IN School Bldg. Corp.            | Evansville-Vanderburgh, IN School Bldg. Corp. Series B, 5.900%, due 07/15/26                                   | CUSIP: 299620ED2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $85083.30     | 0.28%             | 2026-07-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Evansville-Vanderburgh, IN School Bldg. 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        |    100000 | PA      | $100169.00    | 0.33%             | 2027-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks Cons Systemwide Bds            | Federal Farm Credit Bank, 4.940%, 10/08/2031                                                                   | CUSIP: 3133ERWW7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $249823.91    | 0.82%             | 2031-10-08      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Money Market Obligations Trust          | Federated Treasury Obligation Fund - Institutional Shares                                                      | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   6991757 | NS      | $6991756.60   | 22.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                      | Fifth Third Bancorp Series L, 4.500%, to 09/30/2025                                                            | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149606.87    | 0.49%             | 2025-09-30      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| First-Citizens Bank & Trust Company                      | First Citizens Bank, 6.125%, 03/09/28                                                                          | CUSIP: 125581GX0<br>LEI: N8O96ZZJQRFYQUJY7K79 | Long             | DBT              | CORP              | US        |    350000 | PA      | $363381.53    | 1.19%             | 2028-03-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC.                               | Ford Motor Credit Co. LLC., 5.450%, 2/20/28                                                                    | CUSIP: 34540TZE5<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199521.49    | 0.65%             | 2028-02-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC.                               | Ford Motor Credit Co. LLC., 5.700%, 09/20/2034                                                                 | CUSIP: 34540TK68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348835.52    | 1.14%             | 2034-09-20      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Gary Community School, 3.200%, 07/15/2029                                                                      | CUSIP: 366754CT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49116.00     | 0.16%             | 2029-07-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Gary Community School, 3.500%, 01/15/2033                                                                      | CUSIP: 366754CU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $23891.75     | 0.08%             | 2033-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co.                             | General Motors Financial Company, Inc. Series C, 5.70%, to 09/30/2030                                          | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147043.29    | 0.48%             | 2030-09-30      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Georgia Local Govt.                                      | Georgia Loc. Govt., 4.750%, due 06/01/2028                                                                     | CUSIP: 373271AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51672.50     | 0.17%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Georgia Local Govt.                                      | Georgia Qualified School Construction Bond Series F, 4.000%, 02/01/26                                          | CUSIP: 373384L61<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $149998.50    | 0.49%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Pac Corp                                         | Georgia-Pacific, LLC., 7.250%, 06/01/28                                                                        | CUSIP: 373298BP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $323866.23    | 1.06%             | 2028-06-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Georgia Pac Corp                                         | Georgia-Pacific, LLC., 7.750%, 11/15/2029                                                                      | CUSIP: 373298BR8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $170479.96    | 0.56%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                | Goldman Sachs Group, Inc. Series MTN, 1.815%, 12/13/2028                                                       | CUSIP: 38147Q2A3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84630.00     | 0.28%             | 2028-12-13      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc                                  | Goldman Sachs Group, Inc. Series MTN, 5.100%, 2/14/2030                                                        | CUSIP: 38151FEG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300767.85    | 0.99%             | 2030-02-14      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                | Goldman Sachs Group, Inc., 2.329%, 11/13/28                                                                    | CUSIP: 38147QK21<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    120000 | PA      | $100800.00    | 0.33%             | 2028-11-13      | Variable      | 2.33%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare, Inc.                                     | HCA Healthcare, Inc., 7.050%, 12/01/27                                                                         | CUSIP: 197677AJ6<br>LEI: EVK05KS7XY1DEII3R011 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263576.07    | 0.86%             | 2027-12-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                              | Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/2027                                                    | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147845.97    | 0.48%             | 2027-10-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Illinois Build America Bond, 6.900%, 03/01/2035                                                                | CUSIP: 452152ER8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $136403.75    | 0.45%             | 2035-03-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Illinois State Taxable Pension AGM CR, 5.100%, 06/01/2033                                                      | CUSIP: 452152FP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39265 | PA      | $39838.75     | 0.13%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Indiana Bell Telephone Co., Inc.                         | Indiana Bell Tel Co., Inc., 7.300%, due 08/15/2026                                                             | CUSIP: 454614AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50938.50     | 0.17%             | 2026-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Indiana State Financial Authority University Housing Revenue, 5.388 %, 7/1/2035                                | CUSIP: 45471MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $251680.00    | 0.82%             | 2035-07-01      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Indiana State Housing & Community Development Authority, 4.984 %, 7/1/2030                                     | CUSIP: 45505TV32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $143907.40    | 0.47%             | 2030-07-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                     | JPMorgan Chase & Co. Series B, 5.330, due 02/01/2027 (3-month US Libor + .50%)                                 | CUSIP: 161480AB4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147792.52    | 0.48%             | 2027-02-01      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                     | JPMorgan Chase & Co. Series CC, 7.117%, 05/01/2026                                                             | CUSIP: 48128BAD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151204.50    | 0.50%             | 2026-05-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State System of Higher Education Foundation | Jacksonville Public Educational Building Authority Taxable, 6.100%, 08/10/2030                                 | CUSIP: 469480BB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $162057.00    | 0.53%             | 2030-08-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                          | Jefferies Financial Group, Inc., 6.000%, 1/31/2033                                                             | CUSIP: 47233WHV4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300198.84    | 0.98%             | 2033-01-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                          | Jefferies Financial Group, Inc., 6.500%, 4/30/2035                                                             | CUSIP: 47233WJN0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257737.08    | 0.84%             | 2035-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Jobs OH Beverage Sys                                     | JobsOhio Beverage Sys Stwd Lien Liquor Profits Revenue Refunding Bonds, Series 2020A, 2.268%, due 01/01/2028   | CUSIP: 47770VBH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $120093.75    | 0.39%             | 2028-01-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International, Plc.                     | Johnson Controls International, Plc., 4.900%, 12/01/2032                                                       | CUSIP: 47837RAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $252544.13    | 0.83%             | 2032-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Key Corp.                                                | Key Corp., 5.49386%, due 07/01/2028 (3-month US Libor + 0.74%)                                                 | CUSIP: 49326MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97608.55     | 0.32%             | 2028-07-01      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| Key Corp.                                                | Keycorp., 2.250%, 04/06/27                                                                                     | CUSIP: 49326EEK5<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193741.14    | 0.63%             | 2027-04-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Co.                                          | Kraft Heintz Foods Co., 6.375%, 7/15/2028                                                                      | CUSIP: 423074AF0<br>LEI: 549300O4DVEIH6VXSE50 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261134.83    | 0.86%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                             | Lennar Corp., 4.750%, due 11/29/2027                                                                           | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100739.14    | 0.33%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                     | M&T Bank Corporation, 7.413%, 10/30/2029                                                                       | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    250000 | PA      | $272093.93    | 0.89%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| Masco Corp.                                              | Masco Corp., 7.750%, 08/01/29                                                                                  | CUSIP: 574599AT3<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    400000 | PA      | $439352.45    | 1.44%             | 2029-08-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Mellon Capital IV                                        | Mellon Capital IV Series 1, 5.131%, to 6/20/25                                                                 | CUSIP: 58551TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $173038.18    | 0.57%             | 2030-12-20      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Merchants Bancorp                                        | Merchants Bancorp, 5.250, 10/01/2027                                                                           | CUSIP: 58844R884<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4000 | NS      | $101040.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| State of Michigan                                        | Michigan State Taxable School Loan Series A, 3.200%, due 05/15/2027                                            | CUSIP: 594612BD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    177500 | PA      | $175517.33    | 0.57%             | 2027-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                           | Morgan Stanley Series MTN, 2.085%, due 08/30/2025                                                              | CUSIP: 61760QDF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21572.00     | 0.07%             | 2028-08-30      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                           | Morgan Stanley, Series MTN, 2.252%, due 11/19/2025                                                             | CUSIP: 61760QDA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    114000 | PA      | $97956.78     | 0.32%             | 2028-08-19      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                  | National Bank of Canada, 5.600%, 12/18/28                                                                      | CUSIP: 63307A2X2<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $260149.70    | 0.85%             | 2028-12-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| New York St Dorm Auth Revenues                           | New York St Dorm Auth Revenues, 5.289%, 03/15/2033                                                             | CUSIP: 6499022E2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90334 | PA      | $91848.81     | 0.30%             | 2033-03-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| City of North Miami Beach                                | North Miami Beach, FL, Water Revenue Series B, 2.311%, due 08/01/2027                                          | CUSIP: 661046BY7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $145639.50    | 0.48%             | 2027-08-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                            | North Texas Tollway Authority, 8.410%, due 02/01/2030                                                          | CUSIP: 66285WFT8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | CORP              | US        |     37000 | PA      | $40071.37     | 0.13%             | 2030-02-01      | Fixed         | 8.41%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Gas Co.                                | Northern Illinois Gas Co., 5.900%, due 12/1/2032                                                               | CUSIP: 665228CB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $258105.38    | 0.85%             | 2032-12-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Omaha NE Special Obligation Taxable Ref Riverfront       | Omaha NE Special Obligation Taxable Ref Riverfront, 6.400%, 02/01/26                                           | CUSIP: 68189TBA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15140.10     | 0.05%             | 2026-02-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                    | OneMain Finance Corp., 3.500%, due 01/15/2027                                                                  | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146793.53    | 0.48%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PNC Capital Trust C                                      | PNC Capital Trust C, 5.150%, due 06/01/2028                                                                    | CUSIP: 69349AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147415.82    | 0.48%             | 2028-06-01      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Pacific Bell                                             | Pacific Bell, 7.125%, 03/15/26                                                                                 | CUSIP: 694032AT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $404491.57    | 1.33%             | 2026-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                              | Philadelphia PA Qualified School Construction Bond, 5.995%, 9/1/2030                                           | CUSIP: 717883LV2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $84798.40     | 0.28%             | 2030-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philomath Oregon Sch Dist # 17J                          | Philomath, Oregon Sch District, 5.472%, due 06/15/2027                                                         | CUSIP: 718781CE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153894.00    | 0.50%             | 2027-06-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Plainfield Redevelopment Authority                       | Plainfield Redevelopment Commission, 2.000%, due 2/01/2029                                                     | CUSIP: 726305RW7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $278022.00    | 0.91%             | 2029-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Prime Healthcare Foundation                              | Prime Healthcare Foundation, 7.000%, 12/01/2027                                                                | CUSIP: 74166AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $363053.21    | 1.19%             | 2027-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ready Capital Corp.                                      | Ready Capital Corp., 5.750%, due 02/15/2026                                                                    | CUSIP: 75574U606<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |      4000 | NS      | $99000.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp.                                      | Ready Capital Corp., 9.000%, 12/15/2029                                                                        | CUSIP: 75574U838<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      6000 | NS      | $140700.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                                           | Renasant Corp., 5.500%, 9/1/31                                                                                 | CUSIP: 75970EAB3<br>LEI: 549300OVE6OZHW2UUH81 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391696.29    | 1.28%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ross Stores, Inc.                                        | Ross Stores, Inc. 4.800%, 4/15/2030                                                                            | CUSIP: 778296AD5<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301160.63    | 0.99%             | 2030-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                     | Royal Bank of Canada, 5.000%, 07/21/2032                                                                       | CUSIP: 78014RG53<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $300544.93    | 0.98%             | 2032-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SVB Financial Group                                      | SVB Financial Group Trust                                                                                      | CUSIP: 78500B403<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $3.00         | 0.00%             | 2031-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Saint Clair County IL School District                    | Saint Clair County IL School District #187, 5.169%, 01/01/31                                                   | CUSIP: 788550NE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $72625.00     | 0.24%             | 2031-01-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Schererville Income Econ Dev Revenue, 2.579%, 1/15/2030                                                        | CUSIP: 806541BM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $137536.50    | 0.45%             | 2030-01-15      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Somerset Hills Road Dist #4 Texas, 5.125, 08/15/2034                                                           | CUSIP: 83473PEE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $85641.75     | 0.28%             | 2034-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Conway Hospital, Inc.                                    | South Carolina State Jobs-Econ Dev Authority Hospital Revenue, 2.729%, 7/1/2030                                | CUSIP: 83703FLY6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $55041.00     | 0.18%             | 2030-07-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Southern Natural Gas                                     | Southern Natural Gas, 7.350%, 2/15/2031                                                                        | CUSIP: 843452AY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $331423.91    | 1.09%             | 2031-02-15      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                             | Stanley Black & Decker, Inc., 2.300%, Due 3/15/2030                                                            | CUSIP: 854502AL5<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    400000 | PA      | $364183.86    | 1.19%             | 2030-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                       | State Street Corp., 7.350%, 06/15/26                                                                           | CUSIP: 857473AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $511130.62    | 1.67%             | 2026-06-15      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                     | Steel Dynamics, Inc., 5.00%, 12/15/26                                                                          | CUSIP: 858119BF6<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150085.82    | 0.49%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sysco Corp.                                              | Sysco Corp., 6.500%, due 08/01/2028                                                                            | CUSIP: 871829AF4<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    152000 | PA      | $161195.10    | 0.53%             | 2028-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TTCU Federal Credit Union                                | TTCU Federal Credit Union, 5.000%, 07/26/27                                                                    | CUSIP: 89854LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153131.72    | 0.50%             | 2027-07-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners                                 | Targa Resources Corp., 5.500%, 03/01/2030                                                                      | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254717.38    | 0.83%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Disney Walt Co                                           | The Walt Disney Co., 7.700%, 10/30/2025                                                                        | CUSIP: 254687DF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $401707.98    | 1.32%             | 2025-10-30      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Town of Hamden                                           | Town of Hamden, 4.930%, 8/15/2035                                                                              | CUSIP: 4067922T7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $119846.40    | 0.39%             | 2035-08-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Town of Speedway                                         | Town of Speedway IN Revenue Bond, 5.000%, 08/01/2034                                                           | CUSIP: 847729AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50132.00     | 0.16%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                   | Truist Financial Corp. Series M, 5.125%, to 12/15/2027                                                         | CUSIP: 89832QAC3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97905.77     | 0.32%             | 2027-12-15      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                   | Truist Financial Corp. Series Q Perpetual, 5.10%, 03/01/2030                                                   | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74349.39     | 0.24%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury                 | U.S. Government Treasury Bill, 3.875%, 08/15/33                                                                | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $742001.96    | 2.43%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UMB Financial Corp.                                      | UMB Financial Corp., 3.700%, 9/17/2030                                                                         | CUSIP: 902788AA6<br>LEI: 549300MGEH3N3CUCV828 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249351.46    | 0.82%             | 2030-09-17      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                               | US Bancorp, 3.70%, 01/15/2027                                                                                  | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192515.58    | 0.63%             | 2027-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                               | US Bancorp, 5.200%, due 12/26/2029                                                                             | CUSIP: 91159XBG9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250192.95    | 0.82%             | 2029-12-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United Rentals, Inc.                                     | United Rentals, Inc., 3.875%, 11/15/2027                                                                       | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147454.83    | 0.48%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Unum Group                                               | Unum Group, 6.750%, 12/15/2028                                                                                 | CUSIP: 903192AA0<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |    300000 | PA      | $320880.92    | 1.05%             | 2028-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VMWare, Inc.                                             | VMWare, Inc., 3.900%, due 08/21/2027                                                                           | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149170.10    | 0.49%             | 2027-08-21      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                             | Verizon Communications, Inc., 6.800%, 5/1/2029                                                                 | CUSIP: 92343VEK6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    250000 | PA      | $266529.41    | 0.87%             | 2029-05-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Village of Rosemont                                      | Village of Rosemont, 6.600%, due 12/01/2030                                                                    | CUSIP: 777543RF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $86912.50     | 0.28%             | 2030-12-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Village of Rosemont                                      | Village of Rosemont, 6.750%, due 12/01/2035                                                                    | CUSIP: 777543SB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $157225.50    | 0.52%             | 2035-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Disney Walt Co.                                          | Walt Disney Co., 6.750%, 01/09/2038                                                                            | CUSIP: 254687EK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $114035.72    | 0.37%             | 2038-01-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Warsaw Redevelopment District Tax, Inc.                  | Warsaw Industry Redevelopment District Tax Taxable Special Taxing District Series A, 4.750%, due 02/01/2026    | CUSIP: 93638TBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4988.10      | 0.02%             | 2026-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company                                    | Wells Fargo & Company, 5.200%, 8/16/2034                                                                       | CUSIP: 95001DGZ7<br>LEI: 549300YFEWUJMPG9CN91 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347690.80    | 1.14%             | 2034-08-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company                                    | Wells Fargo & Company, 5.250%, 4/28/2030                                                                       | CUSIP: 95001DK41<br>LEI: 549300YFEWUJMPG9CN91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100025.35    | 0.33%             | 2030-04-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority             | YMCA of Greater NY, 3.160%, 08/01/2031                                                                         | CUSIP: 98425BAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $53170.25     | 0.17%             | 2031-08-01      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                            | iShares 10+ Year Investment Grade Corporate Bond ETF                                                           | CUSIP: 464289511<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10000 | NS      | $501300.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                            | iShares 5-10 Year Investment Grade Corporate Bond ETF                                                          | CUSIP: 464288638<br>LEI: N/A                  | Long             | EC               | RF                | US        |      5000 | NS      | $268250.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                            | iShares US Preferred Stock ETF                                                                                 | CUSIP: 464288687<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      1000 | NS      | $31460.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

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

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

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

**Title:** President