Schedule of Investments

May 31, 2026 (unaudited)

Archer Focus Fund

Shares or Principal

Security Description

Amount ($)

Fair Value ($)(1)

Common Stocks - 98.23%

Auto Controls For Regulating Residential & Commercial Environments - 1.01%

Trane Technologies plc (Ireland) (2)

86

38,812

Beverages - 1.00%

The Coca Cola Co.

490

38,715

Commercial Banks, NEC - 2.00%

Inter & Co, Inc. (2)

12,485

77,032

Computer Communications Equipment - 1.10%

Arista Networks, Inc. (2)

265

42,260

Computer Peripheral Equipment - 1.61%

Fortinet, Inc. (2)

450

62,087

Construction Machinery & Equipment - 2.41%

Caterpillar, Inc.

106

92,842

Crude Petroleum & Natural Gas - 2.26%

APA Corp. (2)

2,390

87,068

Electronic Computers - 5.80%

Apple, Inc.

717

223,747

Fire, Marine & Casualty Insurance - 2.35%

Berkshire Hathaway, Inc. Class B

191

90,626

General Industrial Machinery & Equipment, NEC - 0.89%

Illinois Tool Works, Inc.

139

34,372

Guided Missiles & Space Vehicles & Parts - 0.80%

Lockheed Martin Corp.

58

30,766

Hospital & Medical Service Plans - 1.31%

UnitedHealth Group, Inc.

133

50,581

Industrial Inorganic Chemicals - 1.02%

Linde plc

79

39,318

Men's & Boys' Furnishgs, Work Clothg, & Allied Garments - 0.83%

Cintas Corp.

187

32,026

Natural Gas Distribution - 0.91%

Atmos Energy Corp.

207

35,010

Oil & Gas Filed Machinery & Equipment - 1.67%

Schlumberger Limited NV

1,183

64,533

Oil Royalty Traders - 0.72%

Texas Pacific Land Corp. (2)

71

27,903

Operative Builders - 1.00%

D.R. Horton, Inc.

261

38,390

Optical Instruments & Lenses - 3.24%

KLA Corp.

65

124,911

Pharmaceutical Preparations - 7.33%

Abbott Laboratories

340

29,104

Eli Lilly and Co.

132

145,860

Johnson & Johnson

310

69,852

Merck & Co., Inc. (2)

321

38,109

282,925

Pumps & Pumping Equipment - 2.41%

Gorman Rupp Co.

1,240

92,938

Retail-Radio Tv & Consumer Electronics Stores - 1.82%

Qualcomm, Inc. (2)

279

70,035

Retail-Auto Dealers & Gasoline Stations - 2.16%

Murphy USA, Inc.

165

83,495

Retail-Eating Places - 0.86%

Chipotle Mexican Grill, Inc. (2)

1,044

33,262

Retail-Family Clothing Stores - 3.31%

TJX Companies, Inc.

826

127,824

Retail-Home Furniture, Furnishings & Equipment Stores - 1.07%

Williams-Sonoma, Inc.

202

41,121

Retail - Variety Stores - 2.30%

Costco Wholesale Corp. (2)

56

53,554

WalMart, Inc.

303

35,072

88,626

Rubber & Plastics Footwear - 0.81%

Nike, Inc. Class B (2)

675

31,205

Search, Detection, Navigation, Guidance, Aeronautical Systems - 0.96%

Garmin, Ltd.

158

36,959

Semiconductors & Related Devices - 10.48%

Applied Materials, Inc.

217

97,663

Diodes, Inc.

875

92,155

NVDIA Corp.

1,015

214,307

404,125

Services-Business Services, NEC - 6.08%

Accenture plc Class A (Ireland) (2)

187

34,982

Mastercard, Inc.

183

90,398

Visa, Inc. Class A

335

109,331

234,711

Services-Computer Processing & Data Preparation - 0.97%

Automatic Data Processing

169

37,491

Services- Computer Programming, Data Processing, Etc.- 9.70%

Alphabet, Inc. Class A  (2)

487

185,226

Applovin Corp. (2)

81

49,660

Meta Platforms, Inc. Class A   

220

139,152

374,038

Services-Prepackaged Software - 9.07%

Adobe, Inc. (2)

207

53,656

Docebo, Inc.

4,750

86,830

Microsoft Corp.

465

209,362

349,848

Services-Video Tape Rental - 1.73%

Netflix, Inc. (2)

777

66,838

Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 0.88%

The Procter & Gamble Co. (2)

236

33,880

Special Industry Machinery, NEC - 4.37%

Lam Research Corp.

530

168,635

Total Common Stock

(Cost $           3,250,596)

3,788,954

Money Market Registered Investment Companies - 1.78%

Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class - 3.47% (3)

68,607

68,607

Total Money Market Registered Investment Companies

(Cost $                 68,607)

68,607

Total Investments - 100.01%

(Cost $           3,319,203)

3,857,561

Liabilities Less Other Assets - (0.01%)

(246)

Total Net Assets - 100.00%

3,857,315

(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 29, 2026 in valuing the Fund's assets carried at fair value:

Investments in

Other Financial

Valuation Inputs

Securities

Instruments

Level 1 - Quoted Prices

$

3,857,561

$

0

Level 2 - Other Significant Observable Inputs

0

-

Level 3 - Significant Unobservable Inputs

-

-

Total

$

3,857,561

$

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, 2026.