Schedule of Investments

May 31, 2025 (unaudited)

Archer Stock Fund

Shares or Principal

Security Description

Amount ($)

Fair Value ($)(1)

Common Stocks - 97.80%

Aircraft - 3.24%

The Boeing Co. (2)

3,640

754,645

Aircraft Engines & Engine Parts  - 2.34%

RTX Corp.

4,000

545,920

Beverages - 2.17%

The Coca-Cola Co.

7,000

504,700

Computer Peripheral Equipment - 1.16%

Palo Alto Networks, Inc. (2)

1,400

269,388

Electric Services - 2.94%

American Electric Power Co., Inc.

2,000

206,980

NextEra Energy, Inc.

6,750

476,820

683,800

Electromedical & Electrotherapeutic Apparatus - 1.61%

Medtronic plc (Ireland) (2)

4,525

375,485

Electronic Computers - 3.02%

Apple, Inc.

3,504

703,778

Fire, Marine & Casualty Insurance - 6.13%

Berkshire Hathaway, Inc. Class B (2)

1,890

952,484

Progressive Corp.

1,670

475,833

1,428,318

Hospital & Medical Service Plans - 1.66%

UnitedHealth Group, Inc.

1,280

386,445

Industrial Inorganic Chemicals - 2.41%

Linde plc (United Kingdom)

1,200

561,096

Industrial Instruments For Measurement, Display & Control - 1.40%

MKS Instruments, Inc.

3,970

326,294

Measuring & Controlling Devices - 1.55%

Thermo Fisher Scientific, Inc.

895

360,524

Motor Vehicles & Passenger Car Bodies - 2.42%

Ford Motor Co.

54,350

564,153

Motors & Generators - 1.76%

Generac Holdings, Inc. (2)

3,350

409,136

National Commercial Banks - 6.26%

Bank of America Corp.

12,000

529,560

JPMorgan Chase & Co.

3,520

929,280

1,458,840

Petroleum Refining- 2.08%

Exxon Mobil Corp.

4,735

484,391

Pharmaceutical Preparations - 6.26%

Eli Lily & Co.

665

490,551

Johnson & Johnson

3,400

527,714

Merck & Co., Inc.

5,730

440,293

1,458,558

Retail - Catalog & Mail-Order Houses - 3.54%

Amazon.com, Inc.  (2)

4,022

824,550

Retail - Lumber & Other Building Materials Dealers - 2.32%

The Home Depot, Inc.

1,470

541,386

Retail-Variety Stores - 3.08%

Dollar General Corp.

7,380

717,705

Semiconductors & Related Devices - 7.83%

Broadcom, Inc.

3,965

959,808

NVIDIA Corp.  

6,400

864,832

1,824,640

Services - Business Services - 3.76%

Fiserv, Inc. (2)

1,910

310,929

Visa, Inc. Class A

1,550

566,045

876,973

Services - Computer Programming, Data Processing, Etc. - 7.24%

Alphabet, Inc. Class A

4,639

796,702

Meta Platforms, Inc. Class A  

1,375

890,299

1,687,001

Services - Equipment Rental & Leasing - 2.13%

United Rentals, Inc.   

700

495,866

Services - Medical Laboratories - 2.42%

Laboratory Corp. of America Holdings   

2,260

562,672

Services-Miscellaneous Amusement & Recreation - 2.23%

The Walt Disney Co. (2)

4,590

518,854

Services - Prepackaged Software - 9.78%

Adobe, Inc. (2)

1,162

482,335

Cloudflare, Inc. Class A (2)

2,900

481,081

Intuit, Inc.

200

150,694

Microsoft Corp.

2,130

980,567

Palantir Technologies, Inc. (2)

1,387

182,779

2,277,455

Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 2.24%

The Procter & Gamble Co.

3,068

521,223

Surgical & Medical Instruments & Apparatus - 2.83%

Stryker Corp.

1,720

658,141

Total Common Stock

(Cost $         13,396,703)

22,781,934

Real Estate Investment Trusts - 1.70%

American Tower Corp.

1,840

394,956

Total Registered Investment Companies

(Cost $              300,523)

394,956

Money Market Registered Investment Companies - 0.36%

Federated Treasury Obligation Fund - Institutional Shares - 4.14% (3)

84,326

84,326

Total Money Market Registered Investment Companies

(Cost $                84,326)

84,326

Total Investments - 99.86%

(Cost $          13,781,552)

23,261,217

Other Assets Less Liabilities - 0.14%

32,842

Total Net Assets - 100.00%

23,294,058

(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 May 31, 2025 in valuing the Fund's assets carried at fair value:

Investments in

Other Financial

Valuation Inputs

Securities

Instruments

Level 1 - Quoted Prices

$

23,261,217

$

0

Level 2 - Other Significant Observable Inputs

-

-

Level 3 - Significant Unobservable Inputs

-

-

Total

$

23,261,217

$

0

       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 May 31, 2025.