# EDGAR Filing Document

**Accession Number:** 0001477491
**File Stem:** 0001162044-26-000009
**Filing Date:** 2026-1
**Character Count:** 17203
**Document Hash:** 47904e94e2ee3a552203a2744556e148
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000009.hdr.sgml**: 20260109

**ACCESSION NUMBER**: 0001162044-26-000009

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260109

**DATE AS OF CHANGE**: 20260109

**EFFECTIVENESS DATE**: 20260109

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-163981
- **FILM NUMBER:** 26522713

**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 Multi Cap Fund (Series ID: S000067292)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000216436 | Archer Multi Cap Fund | ALSMX           |

![[archermulticap497k001.jpg]](archermulticap497k001.jpg)<br>

**ARCHER INVESTMENT SERIES TRUST**

**ARCHER MULTI CAP FUND – Ticker Symbol – ALSMX** 

**SUMMARY PROSPECTUS**

**December 29, 2025**

**The Securities and Exchange Commission has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**

**<u>ARCHER MULTI CAP FUND</u>**

**<u>FUND SUMMARY</u>**

**Investment Objective**

The Archer Multi Cap Fund (the "Fund") seeks long-term growth of capital.

**Fees and Expenses of Investing in the Fund**

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

**Shareholder Fees** (fees paid directly from your investment)

---

| | |
|:---|:---|
| Redemption Fee (as a percentage of the amount redeemed within ninety (90) days of purchase) | 1.00% |

---

**Annual Fund Operating Expenses** (expenses that you pay each year as a percentage of the value of your investment)

---

| | |
|:---|:---|
| Management Fee | 0.50% |
| Distribution and/or Service (12b-1) Fees |  |
| Other Expenses | 1.16% |
| Acquired Fund Fees and Expenses <sup>(1)</sup> | 0.01% |
| Total Annual Fund Operating Expenses | 1.67% |
| Fee Waiver and/or expenses reimbursement <sup>(2)</sup> | -0.71% |
| Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement | 0.96% |

---

<sup>(1)</sup>

Acquired Fund Fees and Expenses represent the pro rata expense indirectly incurred by the Fund as a result of investing in money market funds or other investment companies that have their own expenses. The fees and expenses are not used to calculate the Fund's net asset value and do not correlate to the ratio of Expenses to Average Net Assets found in the "Financial Highlights" section of this Prospectus. The fees and expenses reflect estimated acquired fund fees and expenses that the Fund expects to bear in the current fiscal year.

<sup>(2)</sup>

The Advisor contractually has agreed to waive its management fee and/or reimburse certain Fund operating expenses, but only to the extent necessary so that the Fund's total operating expenses, excluding brokerage fees and commissions, any 12b-1 fees, borrowing costs (such as interest and dividend expenses on securities sold short), taxes, extraordinary expenses and any indirect expenses (such as Acquired Funds Fees and Expenses), do not exceed 0.95% of the Fund's average daily net assets. Pursuant to the Expense Limitation Agreement, if the Adviser so requests, any Fund Operating Expenses waived or reimbursed by the Adviser pursuant to the Agreement that had the effect of reducing Fund Operating Expenses to 0.95% within the most recent three years prior to recoupment shall be repaid to the Adviser by the Fund; provided, however, that such recoupment will not cause the Fund's expense ratio, after recoupment has been taken into account, to exceed the lesser of the expense cap in effect at the time of the waiver or the expense cap in effect at the time of recoupment. The contractual agreement is in place through December 31, 2026. The Management Services Agreement may, on sixty (60) days' written notice, be terminated with respect to a Fund, at any time without the payment of any penalty, by the Board of Trustees or by a vote of a majority of the outstanding voting securities of the Fund, or by Management. The Management Services Agreement shall automatically terminate in the event of its assignment. The Expense Limitation Agreement may only be terminated by the Board of Trustees on sixty (60) days' written notice to Management or upon the termination of the Management Services Agreement between the Trust and Advisor.

<u>Example:</u>

**This Example is intended to help you compare the cost of investing in the Archer Multi Cap Fund with the cost of investing in other mutual funds.**

**The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses (giving effect to the expense limitation only during the first three years) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:**

---

| | | | |
|:---|:---|:---|:---|
| **<u>1 YEAR</u>** | **<u>3 YEARS</u>** | **<u>5 YEARS</u>** | **<u>10 YEARS</u>** |
| $98 | $457 | $841 | $1917 |

---

**Portfolio Turnover**

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 48.17% of the average value of its portfolio.

**Principal Investment Strategies of the Fund**

The Archer Multi-Cap Fund invests in equity securities, primarily common stocks, of US companies and may also invest, from time to time, in exchange traded funds ("ETFs") that primarily invest in these companies that are selected for their long-term growth potential. The Fund is a "multi-cap" fund in that it may invest in issuers of any market capitalization. Under normal market conditions, the Fund will hold a core position of up to 100 common stocks. The investment adviser selects portfolio investments based on an individual security fundamental analysis. Under normal conditions, the Fund will equally weight its portfolio holdings across the capitalization spectrum.

Although some of the Fund's holdings may produce dividends, interest, or other income, current income is not a consideration when selecting the Fund's investments. The Adviser primarily relies on fundamental analysis in selecting portfolio securities for the Fund. A "fundamental analysis" relies on an analysis of the balance sheet and income statements of companies in order to forecast their future stock price movements. The Fund's investment adviser employs a flexible investment style and seeks to take advantage of opportunities as they arise.

**Principal Risks of Investing in the Fund**

Investors in the Fund should have a long-term perspective and, for example, be able to tolerate potentially sharp declines in value.

The prices of securities held by the Fund may decline in response to certain events taking place around the world, including those directly involving the companies whose securities are owned by the Fund; conditions affecting the general economy; overall market changes; local, regional, or global political, social, or economic instability; and currency, interest rate and commodity price fluctuations. The common stock and other equity type securities purchased by the Fund may involve large price swings and potential for loss.

Investments in securities issued by entities based outside the United States may also be affected by currency controls; different accounting, auditing, financial reporting, and legal standards and practices; expropriation; changes in tax policy; greater market volatility; differing securities market structures; higher transaction costs; and various administrative difficulties, such as delays in clearing and settling portfolio transactions or in receiving payment of dividends. These risks may be heightened in connection with investments in emerging markets. Investments in securities issued by entities domiciled in the United States may also be subject to many of these risks.

*You may lose money by investing in the Fund. The Fund's performance could be hurt by:*

*<u>Equity Risks.</u>* Stock markets can be volatile. In other words, the prices of stocks can rise or fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions. The Fund's investments may decline in value if the stock markets perform poorly. There is also a risk that the Fund's investments will underperform either the securities markets generally or particular segments of the securities markets.

*<u>Market Risk.</u>* Investments in equity securities are subject to inherent market risks and fluctuations in value due to earnings, economic conditions and other factors beyond the control of the Advisor. As a result, the return and net asset value ("NAV") of the Fund will fluctuate.

*<u>Growth Securities Risk</u>*.** Securities of companies perceived to be "growth" companies may be more volatile than other stocks and may involve special risks. The price of a "growth" security may be impacted if the company does not realize its anticipated potential or if there is a shift in the market to favor other types of securities.

*<u>Small Capitalization Risk.</u>* The Fund's investments may be in companies that have small or medium market capitalizations and may involve greater risks than are customarily associated with larger, more established companies. These companies tend to be less liquid and have greater price volatility.

*<u>Exchange Traded Fund Risk.</u>* An investment in an exchange traded fund carries security specific risk and market risk. Also, if the sector of the market representing the underlying index or benchmark does not perform as expected for any reason, the value of the investment in the exchange traded fund may decline.

*<u>Key Personnel Risk.</u>* If one or more key individuals become unavailable to the investment adviser, including the Fund's portfolio manager, who is important to the management of the Fund's assets, the Fund could suffer material adverse effects, including substantial share redemptions that could require the Fund to sell portfolio securities at times when markets are not favorable.

*<u>Cybersecurity Risk.</u>* Cybersecurity incidents may allow an unauthorized party to gain access to fund assets, customer data (including private shareholder information), or proprietary information, or cause the fund, the manager, any sub-adviser and/or its service providers (including, but not limited to, fund accountants, custodians, sub-custodians, transfer agents and financial intermediaries) to suffer data breaches, data corruption or lose operational functionality.

Your investment in the Fund is not guaranteed by any agency or program of the U.S. government or by any other person or entity, and you could lose money investing in the Fund. You should consider your own investment goals, time horizon and risk tolerance before investing in the Fund.

**Performance**

The following bar chart and tables below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years with those of a broad-based market index and a performance average of similar mutual funds.

Remember the Fund's past performance, before and after taxes, when such is provided is not necessarily an indication of how the Fund will perform in the future. Updated performance information will be available by calling the Fund toll-free at 1-800-238-7701.

**Archer Multi Cap Fund**

**Calendar Year return as of December 31, 2024:**

![[archermulticap497k003.gif]](archermulticap497k003.gif)

The calendar year-to-date return for the Fund as of September 30, 2025, was 10.59%. During the period shown, the highest return for a quarter was 17.74% (quarter ended June 30, 2020); and the lowest return was -20.82% (quarter ended March 31, 2020).

**AVERAGE ANNUAL TOTAL RETURNS**

(for the periods ended December 31, 2024)

**The Multi Cap Fund**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Years** | **Since Inception**<br> **(12/30/2019)** |
| Return Before Taxes | 21.82% | 10.46% | 10.47% |
| Return After Taxes on Distributions <sup>(1)</sup> | 20.45% | 9.68% | 9.70% |
| Return After Taxes on Distributions and Sale of Fund Shares (1) | 13.29% | 8.08% | 8.10% |
| S&P 400 Mid Cap Index (reflects no deductions for fees, expenses, or taxes) <sup>(2)</sup> | 13.77% | 10.29% | 10.31% |

---

<sup>(1)</sup>

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes or the lower rate on long-term capital gains when shares are held for more than 12 months. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

<sup>(2)</sup>

The Standard & Poor's 400 Index ("S&P 400") is an unmanaged benchmark that assumes reinvestment of all distributions and excludes the effect of taxes and fees. The Index is composed of 400 medium capitalization domestic common stocks and is representative of a broader market range of securities than is found in the Fund's portfolio. Individuals cannot invest directly in the Index; however, an individual can invest in exchange traded funds or other investment vehicles that attempt to track the performance of a benchmark index.

**Management of the Fund**

Archer Investment Corporation serves as the Investment Advisor of the Fund.

**Portfolio Managers**

---

| | | |
|:---|:---|:---|
| **Investment Professional Fund Title (if applicable)** | **Experience with this Fund** | **Primary Title with Investment Advisor** |
| <br>Troy C. Patton, CPA/ABV | <br>Since the Fund's inception in December 2019 | <br>President |
| <br>John Rosebrough, CFA | <br>Since the Fund's inception in December 2019 | <br>Senior Vice President |

---

**Purchase and Sale of Funds Shares**

You may purchase or sell shares of the Funds on any day the Funds are open for business by contacting your financial intermediary or other financial institution, or by contacting the Funds by telephone or by mail as set forth in the table below or by wire transfer. The minimum initial investment in a Fund is $2,500 ($250 for automatic investment plan participants) and minimum subsequent investments are $100.

---

| | |
|:---|:---|
| **By Mail (or Overnight):** | **By Wire:** 1-800-238-7701 |
| Archer Multi Cap Fund<br> c/o Mutual Shareholder Services, LLC<br> 8000 Town Center Drive, Suite 400<br> Broadview Heights, OH 44148 |  |

---

**Tax Information**

The Fund intends to make distributions to its shareholders on an annual basis to the extent that it has income or gains to distribute. Distributions may be taxed to shareholders as ordinary income or capital gains unless you are investing through a tax-deferred arrangement, such as 401(k) plans or an individual retirement account. Such tax-deferred arrangements are taxed later upon withdrawal of monies from those arrangements.

**Payments to Broker-Dealers and Other Financial Intermediaries**

If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund may pay the intermediary from the Fund's assets, or the investment adviser and/or the Fund's distributor may pay the intermediary out of their own funds and not as an expense of the Fund, for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other financial intermediary to recommend the Fund over another investment. Consult with your financial intermediary or visit their website for more information.

For important information about the purchase and sale of fund shares, tax information and financial intermediary compensation, please refer to "Shareholder Information" found on page of this Prospectus.

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