0001162044-22-001235.txt : 20221104 0001162044-22-001235.hdr.sgml : 20221104 20221104112049 ACCESSION NUMBER: 0001162044-22-001235 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220831 FILED AS OF DATE: 20221104 DATE AS OF CHANGE: 20221104 EFFECTIVENESS DATE: 20221104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARCHER INVESTMENT SERIES TRUST CENTRAL INDEX KEY: 0001477491 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22356 FILM NUMBER: 221360925 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 S000028092 Archer Balanced Fund C000085570 Archer Balanced Fund ARCHX 0001477491 S000030455 Archer Income Fund C000093505 Archer Income Fund ARINX 0001477491 S000030456 Archer Stock Fund C000093506 Archer Stock Fund ARSKX 0001477491 S000054409 Archer Dividend Growth Fund C000170898 Archer Dividend Growth Fund ARDGX 0001477491 S000067291 Archer Focus Fund C000216435 Archer Focus Fund AFOCX 0001477491 S000067292 Archer Multi Cap Fund C000216436 Archer Multi Cap Fund ALSMX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001477491 XXXXXXXX false false false N-1A S000028092 C000085570 S000030455 C000093505 S000030456 C000093506 S000054409 C000170898 S000067291 C000216435 S000067292 C000216436 ARCHER INVESTMENT SERIES TRUST 811-22356 0001477491 549300ULDSJ2RHNW9957 11711 North College Avenue #200 Carmel 46032 US-IN US 800-238-7701 Archer Investment Series Trust 11711 North College Avenue #200 Carmel 46032 800-238-7701 All accounts, books and documents required to be maintained by the Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3 thereunder are maintained at the office of the Registrant except all those relating to the activities of the Fund's Custodian, Transfer Agent and Shareholder Servicing Agent. Mutual Shareholder Services, LLC 8000 Town Centre Drive, Suite 400 Broadview Heights 44147 440-922-0066 All accounts, books and documents required to be maintained by the Transfer Agent, Fund Accounting Agent and Shareholder Servicing Agent pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3. Huntington National Bank 41 South High Street Columbus 43215 614-331-9838 All accounts, books and documents relating to the activities of the Funds' Custodian. Archer Investment Corp. 11711 North College Avenue #200 Carmel 46032 800-238-7701 Maintains records relating to its function as the investment adviser to the Funds. N N N-1A 6 Y David Miller 000334607 N Donald G. Orzeske N/A N Troy Patton 002806817 Y Brandon Pokersnik N/A 8000 Town Centre Drive, Suite 400 Broadview Heights 44147 XXXXXX N N N N N N Arbor Court Capital, LLC 008-67609 000143839 N/A N N Sanville & Company 169 N/A N N N N N N N Archer Balanced Fund S000028092 5493006BPWCZ4KYZOD43 N 1 0 0 N/A N N Y N N/A N/A N/A N/A Y Y Y N Archer Investment Corp. 801-64607 000136403 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Mutual Shareholder Services, LLC N/A N N N Archer Investment Corp. N/A Y N N Wells Fargo Securities, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 99 99 0 N 48467826.53 N N N N Archer Income Fund S000030455 5493000U6YE12YDDT022 N 1 0 0 N/A N N Y N N/A N/A N/A N/A Y Y Y N Archer Investment Corp. 801-64607 000136403 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Mutual Shareholder Services, LLC N/A N N N Archer Investment Corp. N/A Y N N Wells Fargo Securities, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 9.9 9.9 0 N 10103785 N N N N Archer Stock Fund S000030456 5493009NXX109XUMKG45 N 1 0 0 N/A N N Y N N/A N/A N/A N/A Y Y Y N Archer Investment Corp. 801-64607 000136403 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Mutual Shareholder Services, LLC N/A N N N Archer Investment Corp. N/A Y N N Wells Fargo Securities, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 198 198 0 N 25181609.36 N N N N Archer Dividend Growth Fund S000054409 549300NCXVQW5UEX0U46 N 1 0 0 N/A N N Y N N/A N/A N/A N/A Y Y Y N Archer Investment Corp. 801-64607 000136403 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Mutual Shareholder Services, LLC N/A N N N Archer Investment Corp. N/A Y N N Wells Fargo Securities, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 217.8 217.8 0 N 24688213.84 N N N N Archer Focus Fund S000067291 549300RYLQDDSCDYJQ42 N 1 0 0 N/A Y N Y N N/A N/A N/A N/A Y Y Y N Archer Investment Corp. 801-64607 000136403 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Mutual Shareholder Services, LLC N/A N N N Archer Investment Corp. N/A Y N N Wells Fargo Securities, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 386.1 386.1 0 N 3692546.78 N N N N Archer Multi Cap Fund S000067292 5493001BJYG4C7QYX582 N 1 0 0 N/A Y N Y N N/A N/A N/A N/A Y Y Y N Archer Investment Corp. 801-64607 000136403 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Mutual Shareholder Services, LLC N/A N N N Archer Investment Corp. N/A Y N N Wells Fargo Securities, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 589.08 589.08 0 N 4573856.17 N N N N false false true false false false INTERNAL CONTROL RPT 2 internalcontrolncenarcher.htm Converted by EDGARwiz



Report of Independent Registered Public Accounting Firm


To the Shareholders and Board of Trustees

Archer Balanced Fund, Archer Income Fund, Archer Stock Fund, Archer Dividend Growth Fund, Archer Focus Fund and Archer Multi Cap Fund, each a Series of the Archer Investment Series Trust


In planning and performing our audit of the financial statements of the Archer Balanced Fund, Archer Income Fund, Archer Stock Fund, Archer Dividend Growth Fund, Archer Focus Fund and Archer Multi Cap Fund, each a Series of the Archer Investment Series Trust, as of and for the year ended August 31, 2022,  in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting.  Accordingly, we express no such opinion.


The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.


Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.


A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.


Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB.  However, we noted no deficiencies in the Funds’ internal control over financial reporting and their operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of August 31, 2022.


This report is intended solely for the information and use of management and the Board of Trustees of the Archer Balanced Fund, Archer Income Fund, Archer Stock Fund, Archer Dividend Growth Fund, Archer Focus Fund and Archer Multi Cap Fund, each a Series of the Archer Investment Series Trust, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.


/S/ SANVILLE & COMPANY

Abington, Pennsylvania

 

October 19, 2022