0001162044-24-000022.txt : 20240103 0001162044-24-000022.hdr.sgml : 20240103 20240103161156 ACCESSION NUMBER: 0001162044-24-000022 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231130 FILED AS OF DATE: 20240103 DATE AS OF CHANGE: 20240103 PERIOD START: 20240831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARCHER INVESTMENT SERIES TRUST CENTRAL INDEX KEY: 0001477491 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22356 FILM NUMBER: 24506474 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 0001477491 S000067292 Archer Multi Cap Fund C000216436 Archer Multi Cap Fund ALSMX NPORT-P 1 primary_doc.xml NPORT-P false 0001477491 XXXXXXXX S000067292 C000216436 ARCHER INVESTMENT SERIES TRUST 811-22356 0001477491 549300ULDSJ2RHNW9957 11711 N. College Ave., #200 Carmel 46032 317-581-1300 Archer Multi Cap Fund S000067292 5493001BJYG4C7QYX582 2024-08-31 2023-11-30 N 5779746.75 10851.19 5768895.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N AMN Healthcare Services, Inc. 529900W3ARRTCNFH2I39 AMN Healthcare Services, Inc. 001744101 600.00 NS USD 40680.00 0.71 Long EC CORP US N 1 N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287Y109 395.00 NS USD 56244.05 0.97 Long EC CORP US N 1 N N N Academy Sports & Outdoors, Inc. N/A Academy Sports & Outdoors, Inc. 00402L107 1400.00 NS USD 71218.00 1.23 Long EC CORP US N 1 N N N AECOM 0EEB8GF0W0NPCIHZX097 Aecom 00766T100 750.00 NS USD 66645.00 1.16 Long EC CORP US N 1 N N N Agree Realty Corp. N/A Agree Realty Corp. 008492100 900.00 NS USD 53289.00 0.92 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc. Class A 02079K305 701.00 NS USD 92903.53 1.61 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc. Class C 02079K107 734.00 NS USD 98297.28 1.70 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 758.00 NS USD 110736.22 1.92 Long EC CORP US N 1 N N N American Financial Group, Inc. 549300AFOM7IVKIU1G39 American Financial Group, Inc. 025932104 465.00 NS USD 53191.35 0.92 Long EC CORP US N 1 N N N Annaly Capital Management, Inc. 2DTL0G3FPRYUT58TI025 Annaly Capital Management, Inc. 035710839 3000.00 NS USD 54210.00 0.94 Long EC CORP US N 1 N N N Apple, Inc. HWUPKR0MPOU8FGXBT394 Apple, Inc. 037833100 461.00 NS USD 87566.95 1.52 Long EC CORP US N 1 N N N Applied Industrial Technologies, Inc. 549300NU173IJRC6PO38 Applied Industrial Technologies, Inc. 03820C105 500.00 NS USD 80035.00 1.39 Long EC CORP US N 1 N N N Asbury Automotive Group, Inc. 549300JH4DTA7U42GL91 Asbury Automotive Group, Inc. 043436104 355.00 NS USD 74486.10 1.29 Long EC CORP US N 1 N N N Assured Guaranty Ltd. 549300BBOQUJEPH87M14 Assured Guaranty Ltd. G0585R106 1020.00 NS USD 69268.20 1.20 Long EC CORP BM N 1 N N N ATI, Inc. ZW1LRE7C3H17O2ZN9B45 Ati, Inc. 01741R102 2430.00 NS USD 106798.50 1.85 Long EC CORP US N 1 N N N Axon Enterprise, Inc. 549300QP2IEEGFE16681 Axon Enterprise, Inc. 05464C101 384.00 NS USD 88270.08 1.53 Long EC CORP US N 1 N N N Balchem Corp. 549300VR70OPMHUI3557 Balchem Corp. 057665200 401.00 NS USD 50012.72 0.87 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 3013.00 NS USD 91866.37 1.59 Long EC CORP US N 1 N N N Berkshire Hathaway, Inc. 5493000C01ZX7D35SD85 Berkshire Hathaway, Inc. Class B 084670702 274.00 NS USD 98640.00 1.71 Long EC CORP US N 1 N N N Builders FirstSource, Inc. 549300W0SKP6L3H7DP63 Builders FirstSource, Inc. 12008R107 700.00 NS USD 93877.00 1.63 Long EC CORP US N 1 N N N Carlisle Cos., Inc. XR64VGX1ZPX6G7ZN7Z11 Carlisle Cos., Inc. 142339100 300.00 NS USD 84123.00 1.46 Long EC CORP US N 1 N N N Chevron Corp. 549300VVH8HHFMWL8536 Chevron Corp. 166764100 355.00 NS USD 50978.00 0.88 Long EC CORP US N 1 N N N Coca-Cola Co. UWJKFUJFZ02DKWI3RY53 The Coca Cola Company 191216100 1000.00 NS USD 58440.00 1.01 Long EC CORP US N 1 N N N Comfort Systems USA, Inc. 5299009DT1ZA5HTU6R38 Comfort Systems USA, Inc. 199908104 492.00 NS USD 95241.36 1.65 Long EC CORP US N 1 N N N Cytokinetics, Inc. 549300BE5DY1HW7IHA64 Cytokinetics, Inc. 23282W605 1390.00 NS USD 46537.20 0.81 Long EC CORP US N 1 N N N Darling Ingredients, Inc. L1N0SPPKS7EXZYUMZ898 Darling Ingredients, Inc. 237266101 1200.00 NS USD 52644.00 0.91 Long EC CORP US N 1 N N N Deckers Outdoor Corp. 5493008LG4W3I6K8J118 Deckers Outdoor Corp. 243537107 140.00 NS USD 92955.80 1.61 Long EC CORP US N 1 N N N East West Bancorp, Inc. N/A East West Bancorp, Inc. 27579R104 965.00 NS USD 60717.80 1.05 Long EC CORP US N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 Eli Lilly & Co. 532457108 174.00 NS USD 102840.96 1.78 Long EC CORP US N 1 N N N Ensign Group, Inc. 5493003K4HEEA8Q0BC72 Ensign Group, Inc. 29358P101 621.00 NS USD 66490.47 1.15 Long EC CORP US N 1 N N N Essential Utilities, Inc. 549300ILTEOF3E3QY357 Essential Utilities, Inc. 29670G102 1959.00 NS USD 69759.99 1.21 Long EC CORP US N 1 N N N Exponent, Inc. 529900NY3F5Q2NWPUZ42 Exponent, Inc. 30214U102 588.00 NS USD 45252.48 0.78 Long EC CORP US N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp. 30231G102 578.00 NS USD 59383.72 1.03 Long EC CORP US N 1 N N N Fabrinet 5493004TETZ6IYF7CV44 Fabrinet G3323L100 550.00 NS USD 89045.00 1.54 Long EC CORP KY N 1 N N N Fair Isaac Corp. RI6HET5SJUEY30V1PS26 Fair Isaac Corp. 303250104 119.00 NS USD 129424.40 2.24 Long EC CORP US N 1 N N N First Horizon Corp. TF3RXI1ZB1TQ30H9JV10 First Horizon Corp. 320517105 2600.00 NS USD 33254.00 0.58 Long EC CORP US N 1 N N N Five Below, Inc. 529900AAXP5Z6BGI7418 Five Below, Inc. 33829M101 400.00 NS USD 75384.00 1.31 Long EC CORP US N 1 N N N H.B. Fuller Co. JSMX3Z5FOYM8V0Q52357 Fuller H B Co. 359694106 890.00 NS USD 67355.20 1.17 Long EC CORP US N 1 N N N Graco, Inc. 4T5VJ4S81BRT6Q7GGT78 Graco, Inc. 384109104 848.00 NS USD 68501.44 1.19 Long EC CORP US N 1 N N N Helmerich & Payne, Inc. 254900NAOGHJ88RZ4C73 Helmerich & Payne, Inc. 423452101 1285.00 NS USD 46555.55 0.81 Long EC CORP US N 1 N N N Home Depot, Inc. QEKMOTMBBKA8I816DO57 Home Depot, Inc. 437076102 195.00 NS USD 61130.55 1.06 Long EC CORP US N 1 N N N Hubbell Inc. 54930088VDQ6840Y6597 Hubbell, Inc. 443510607 270.00 NS USD 81000.00 1.40 Long EC CORP US N 1 N N N Independent Bank Corp. 549300C5K3W8THR3GE10 Independent Bank Corp. 453836108 755.00 NS USD 43050.10 0.75 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 777.00 NS USD 121274.16 2.10 Long EC CORP US N 1 N N N Jabil, Inc. 5493000CGCQY2OQU7669 Jabil, Inc. 466313103 935.00 NS USD 107824.20 1.87 Long EC CORP US N 1 N N N Jazz Pharmaceuticals PLC 635400GAUMJCLEZRRV50 Jazz Pharmaceuticals PLC. G50871105 500.00 NS USD 59115.00 1.02 Long EC CORP IE N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 489.00 NS USD 75628.74 1.31 Long EC CORP US N 1 N N N Livent Corp. 254900OOLQ2VNMZTJL47 Livent Corp. 53814L108 3200.00 NS USD 44032.00 0.76 Long EC CORP US N 1 N N N MasterCard, Inc. AR5L2ODV9HN37376R084 MasterCard, Inc. Class A 57636Q104 165.00 NS USD 68281.95 1.18 Long EC CORP US N 1 N N N Merck & Co., Inc. 4YV9Y5M8S0BRK1RP0397 Merck & Co., Inc. 58933Y105 575.00 NS USD 58926.00 1.02 Long EC CORP US N 1 N N N Merit Medical Systems, Inc. 549300OYTY138SP2CE83 Merit Medical Systems, Inc. 589889104 900.00 NS USD 64404.00 1.12 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc. Class A 30303M102 340.00 NS USD 111231.00 1.93 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 295.00 NS USD 111778.45 1.94 Long EC CORP US N 1 N N N Morgan Stanley Institutional Liquidity FDS N/A Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class 61747C582 119950.40 NS USD 119950.40 2.08 Long STIV RF US N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 247.00 NS USD 115521.90 2.00 Long EC CORP US N 1 N N N Neurocrine Biosciences, Inc. 549300FECER0XBN49756 Neurocrine Biosciences, Inc. 64125C109 530.00 NS USD 61792.70 1.07 Long EC CORP US N 1 N N N Patterson-UTI Energy, Inc. 254900XGFBKIXD6G0697 Patterson UTI Energy, Inc. 703481101 3700.00 NS USD 43327.00 0.75 Long EC CORP US N 1 N N N PepsiCo, Inc. FJSUNZKFNQ5YPJ5OT455 Pepsico, Inc. 713448108 353.00 NS USD 59406.37 1.03 Long EC CORP US N 1 N N N Pfizer, Inc. 765LHXWGK1KXCLTFYQ30 Pfizer, Inc. 717081103 1100.00 NS USD 33517.00 0.58 Long EC CORP US N 1 N N N Procter & Gamble Co. 2572IBTT8CCZW6AU4141 Procter & Gamble Co. 742718109 366.00 NS USD 56188.32 0.97 Long EC CORP US N 1 N N N RPM International, Inc. 549300TJCKW4BRXPJ474 RPM International, Inc. 749685103 725.00 NS USD 74624.25 1.29 Long EC CORP US N 1 N N N Rambus Inc. 2549000211GDCQSLV833 Rambus, Inc. 750917106 1780.00 NS USD 120452.60 2.09 Long EC CORP US N 1 N N N Reinsurance Group of America, Inc. LORM1GNEU1DKEW527V90 Reinsurance Group of America, Inc. 759351604 525.00 NS USD 85606.50 1.48 Long EC CORP US N 1 N N N Reliance Steel & Aluminum Co. 549300E287ZOFT3C5Z56 Reliance Steel & Aluminum Co. 759509102 365.00 NS USD 100469.90 1.74 Long EC CORP US N 1 N N N Rexford Industrial Realty, Inc. 549300MSLO0DF0EMX355 Rexford Industrials Realty, Inc. 76169C100 800.00 NS USD 39376.00 0.68 Long EC CORP US N 1 N N N SM Energy Co. 84BUTVXV5ODI6BXNMH43 SM Energy Co. 78457L100 1830.00 NS USD 68533.50 1.19 Long EC CORP US N 1 N N N SPS Commerce, Inc. 2549006XVF9GCCETDQ72 SPS Commerce, Inc. 78463M107 353.00 NS USD 60814.84 1.05 Long EC CORP US N 1 N N N Service Corp. International 549300RKVM2ME20JHZ15 Services Corp. International 817565104 900.00 NS USD 55143.00 0.96 Long EC CORP US N 1 N N N Tesla, Inc. 54930043XZGB27CTOV49 Tesla, Inc. 88160R101 402.00 NS USD 96512.16 1.67 Long EC CORP US N 1 N N N Toro Co. YJKE4YIT6BWQHVEW0D14 Toro Co. 891092108 560.00 NS USD 46480.00 0.81 Long EC CORP US N 1 N N N UFP Industries, Inc. 5493007KB485C9OV5572 UFP Industries, Inc. 90278Q108 950.00 NS USD 104148.50 1.81 Long EC CORP US N 1 N N N United Therapeutics Corp. 5299005C4HZL4UWROC14 United Therapeutics Corp. 91307C102 229.00 NS USD 54960.00 0.95 Long EC CORP US N 1 N N N UnitedHealth Group, Inc. 549300GHBMY8T5GXDE41 UnitedHealth Group, Inc. 91324P102 135.00 NS USD 74650.95 1.29 Long EC CORP US N 1 N N N Visa, Inc. 549300JZ4OKEHW3DPJ59 Visa, Inc. Class A 92826C839 292.00 NS USD 74950.56 1.30 Long EC CORP US N 1 N N N iShares Trust 549300M7WVLJWAVPDO86 iShares Core S&P Midcap ETF 464287507 534.00 NS USD 136736.04 2.37 Long EC RF US N 1 N N N iShares Trust 549300M7WVLJWAVPDO86 iShares Core S&P Smallcap ETF 464287804 1422.00 NS USD 136853.28 2.37 Long EC RF US N 1 N N N 2023-11-30 Archer Investment Series Trust /s/ Troy C. Patton Troy C. Patton President XXXX NPORT-EX 2 archermultinportex1123.htm Converted by EDGARwiz



Schedule of Investments

November 30, 2023 (unaudited)

Archer Multi Cap Fund














Shares or Principal



Security Description

 

 

Amount ($)

 

Fair Value ($)(1)

 






Common Stocks - 90.49%









Adhesives & Sealants - 1.17%






Fuller H B Co.




890


67,355









Beverages - 2.04%







The Coca Cola Company




1,000


58,440

Pepsico, Inc.





353


59,406
















117,846









Biological Products (No Diagnostic Substances) - 1.07%






Neurocrine Biosciences, Inc.   (2)



530


61,793









Chemicals & Allied Products - 1.63%






Balchem Corp.   (2)




401


50,013

Livent Corp.  (2)




3,200


44,032
















94,045









Crude Petroleum & Natural Gas - 1.19%






SM Energy Co.   




1,830


68,534









Drilling Oil & Gas Wells - 1.56%






Helmerich & Payne, Inc.




1,285


46,556

Patterson UTI Energy, Inc.




3,700


43,327
















89,883









Electrical Work - 1.65%







Comfort Systems USA, Inc.




492


95,241









Electronic Components & Accessories - 1.40%






Hubbell, Inc.





270


81,000









Electronic Computers - 1.52%






Apple, Inc.





461


87,567









Fabricated Rubber Products - 1.46%






Carlisle Cos., Inc.




300


84,123









Fats & Oils - 0.91%







Darling Ingredients, Inc.  (2)



1,200


52,644









Fire, Marine & Casualty Insurance - 2.63%






American Financial Group, Inc.  



465


53,191

Berkshire Hathaway, Inc. Class B    (2)



274


98,640
















151,831









Hospital & Medical Service Plans- 1.29%






UnitedHealth Group, Inc.




135


74,651









Lawn & Garden Tractors & Home Lawn & Gardens Equip - 0.81%






Toro Co.





560


46,480









Life Insurance  - 1.48%







Reinsurance Group of America, Inc.



525


85,607









Motor Vehicles & Passenger Car Bodies - 1.67%






Tesla, Inc.   (2)




402


96,512









National Commercial Banks - 4.27%






Bank of America Corp.




3,013


91,867

First Horizon Corp.




2,600


33,254

JPMorgan Chase & Co.




777


121,274
















246,395









Ordnance & Accessories (No Vehicles/Guided Missiles) - 1.53%






Axon Enterprise, Inc.  (2)




384


88,270









Paints, Varnishes, Lacquers, Enamels & Allied Products - 1.29%






RPM International, Inc.




725


74,624









Petroleum Refining - 1.91%






Chevron Corp.




355


50,978

Exxon Mobil Corp.




578


59,384
















110,362









Pharmaceutical Preparations - 8.46%






AbbVie, Inc.





395


56,244

Cytokinetics, Inc.   (2)




1,390


46,537

Eli Lilly & Co.




174


102,841

Jazz Pharmaceuticals PLC. (Ireland)   (2)



500


59,115

Johnson & Johnson




489


75,629

Merck & Co., Inc.




575


58,926

Pfizer, Inc.





1,100


33,517

United Therapeutics Corp.   (2)



229


54,960
















487,769









Printed Circuit Boards - 1.87%






Jabil, Inc.





935


107,824









Pumps & Pumping Equipment - 1.19%






Graco, Inc.





848


68,501









Retail - Auto Dealers & Gasoline Stations - 1.29%






Asbury Automotive Group, Inc.  (2)



355


74,486









Retail-Catalog & Mail-Order Houses - 1.92%






Amazon.com, Inc.   (2)




758


110,736









Retail-Lumber & Other Building Materials Dealers - 2.69%






Builders FirstSource, Inc.    (2)



700


93,877

Home Depot, Inc.




195


61,131
















155,008









Retail - Miscellaneous Shopping Goods Stores - 1.23%






Academy Sports & Outdoors, Inc.



1,400


71,218









Retail- Variety Stores - 1.31%






Five Below, Inc.    (2)




400


75,384









Rubber & Plastics Footwear - 1.61%






Deckers Outdoor Corp.  (2)



140


92,956









Sawmills & Planting Mills, General - 1.81%






UFP Industries, Inc.




950


104,149









Semiconductors & Related Devices - 4.09%






NVIDIA Corp.  




247


115,522

Rambus, Inc.   (2)




1,780


120,453
















235,975









Services-Business Services - 4.73%






Fair Isaac Corp.   (2)




119


129,424

MasterCard, Inc. Class A




165


68,282

Visa, Inc. Class A




292


74,951
















272,657









Services-Computer Programming, Data Processing - 5.24%






Alphabet, Inc. Class A    (2)



701


92,904

Alphabet, Inc. Class C    (2)



734


98,297

Meta Platforms, Inc. Class A     (2)



340


111,231
















302,432









Services-Engineering Services - 1.16%






Aecom





750


66,645









Services-Help Supply Services - 0.71%






AMN Healthcare Services, Inc.   (2)



600


40,680









Services-Management Consulting Services - 0.78%






Exponent, Inc.





588


45,252









Services-Personal Services- 0.96%






Services Corp. International



900


55,143









Services-Prepackaged Software - 2.99%






Microsoft Corp.




295


111,778

SPS Commerce, Inc.  (2)




353


60,815
















172,593









Services-Skilled Nursing Care Facilities - 1.15%






Ensign Group, Inc.




621


66,490









Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 0.97%






Procter & Gamble Co.




366


56,188









State Commercial Banks - 1.80%






East West Bancorp, Inc.




965


60,718

Independent Bank Corp.




755


43,050
















103,768









Steel Pipe & Tubes - 1.85%






Ati, Inc.  (2)





2,430


106,799









Surety Insurance - 1.20%







Assured Guaranty Ltd. (Bermuda)



1,020


69,268









Surgical & Medical Instruments & Apparatus - 1.12%






Merit Medical Systems, Inc.  (2)



900


64,404









Telephone & Telegraph Apparatus - 1.54%






Fabrinet (Thailand)  (2)




550


89,045









Water Supply - 1.21%







Essential Utilities, Inc.




1,959


69,760









Wholesale-Machinery, Equipment & Supplies - 1.39%






Applied Industrial Technologies, Inc.



500


80,035









Wholesale-Metals Service Centers & Offices - 1.74%






Reliance Steel & Aluminum Co.



365


100,470

















Total Common Stock




(Cost $          4,446,100)


5,220,398









Exchange Traded Funds - 4.74%









iShares Core S&P Midcap ETF   (2)



534


136,736

iShares Core S&P Smallcap ETF  (2)



1,422


136,853

















Total Exchange Traded Funds



(Cost $               248,245)


273,589









Real Estate Investment Trust - 2.55%









Agree Realty Corp.




900


53,289

Annaly Capital Management, Inc.  



3,000


54,210

Rexford Industrials Realty, Inc.



800


39,376

















Total Real Estate Investment Trusts



(Cost $               191,967)


146,875









Money Market Registered Investment Companies - 2.08%









Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class - 5.23 % (3)

119,950


119,950









Total Money Market Registered Investment Companies



(Cost $               119,950)


119,950









Total Investments - 99.86%



(Cost $           5,006,262)


5,760,812









Other Assets Less Liabilities  0.14%





8,084









Total Net Assets - 100.00%





5,768,896









(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.

       These inputs are summarized in the three broad levels listed below.

        • Level 1 - quoted prices in active markets for identical securities

        • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

        • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)


       The following is a summary of the inputs used as of  November 30, 2023 in valuing the Fund's assets carried at fair value:

















 

 

 

 

 

Investments in

 

Other Financial

Valuation Inputs

 

 

 

Securities

 

Instruments

Level 1 - Quoted Prices

 

 

$

5,760,812

$

-

Level 2 - Other Significant Observable Inputs

 

 

-

 

-

Level 3 - Significant Unobservable Inputs

 

 

-

 

-

Total

 

 

 

$

5,760,812

$

-









       The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term

       debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment

       Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active

       market, such securities are reflected as Level 2.









(2)   Represents non-income producing securities.

(3)  Variable rate security; the coupon rate shown represents the yield at November 30, 2023