# EDGAR Filing Document

**Accession Number:** 0001556505
**File Stem:** 0001752724-23-041564
**Filing Date:** 2023-2
**Character Count:** 12507
**Document Hash:** a59262cfac89ee0dc5eedce075530f9b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041564.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041564

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors Preferred Trust
- **CENTRAL INDEX KEY:** 0001556505
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22756
- **FILM NUMBER:** 23671590

**BUSINESS ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** SUITE 530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 2402231998

**MAIL ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** SUITE 530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

## Series and Classes Contracts Data

### Spectrum Active Advantage Fund (Series ID: S000049076)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000154799 | Investor Class Shares | SAPEX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SPECTRUM LOW VOLATILITY FUND** | **SPECTRUM LOW VOLATILITY FUND** | **SPECTRUM LOW VOLATILITY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 97.5%** | |
|  | **MONEY MARKET FUNDS - 97.5%** | |
| 298521538 | Fidelity Government Portfolio, Class I, 4.06% (Cost $298,521,538)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;$298521538 |
|  | **TOTAL INVESTMENTS - 97.5% (Cost $298,521,538)** | &nbsp;&nbsp;&nbsp;$298521538 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 2.5%** | &nbsp;&nbsp;&nbsp;7735174 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp;&nbsp;$306256712 |
| <sup>(b)</sup> | Rate disclosed is the seven-days effective yield as of December 31, 2022. | Rate disclosed is the seven-days effective yield as of December 31, 2022. |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |  |  |  |  |  |
| Number of Shares | Reference Entity\* | Notional Amount at December 31, 2022 | Interest Rate Payable <sup>(1)</sup> | Termination Date | Counterparty | Unrealized<br> Appreciation<br>(Depreciation) |
| Long Position: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3248408 | BlackRock Floating Rate Income Fund | $30535032 | USD SOFR plus 165 bp | 11/11/2025 | BRC | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1284635 | Guggenheim Floating Rate Strategies Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30445844 | USD SOFR plus 165 bp | 11/19/2025 | BRC |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4078431 | Hartford Floating Rate Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31036863 | USD SOFR plus 165 bp | 12/1/2025 | BRC |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4568082 | Invesco Rochester® Municipal Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30606149 | USD SOFR plus 165 bp | 12/1/2025 | BRC |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4523810 | Invesco Senior Floating Rate Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29450000 | Fed Funds plus 165 bp | 12/29/2023 | CIBC |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20467470 | PIMCO Government Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20467470 | USD SOFR plus 165 bp | 12/1/2025 | BRC |  |
|  |  |  |  |  | Total: | $- |
|  | BRC - Barclays Capital |  |  |  |  |  |
|  | CIBC - Canadian Imperial Bank of Commerce |  |  |  |  |  |
|  | SOFR - Secured Overnight Financing Rate |  |  |  |  |  |
| <sup>(1)</sup> | Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specified spread. |
|  | \* Swap contract reset at December 31, 2022. |  |  |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SPECTRUM ACTIVE ADVANTAGE FUND** | **SPECTRUM ACTIVE ADVANTAGE FUND** | **SPECTRUM ACTIVE ADVANTAGE FUND** | **SPECTRUM ACTIVE ADVANTAGE FUND** | **SPECTRUM ACTIVE ADVANTAGE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 92.4%** |  |  |  |
|  | **U.S. TREASURY BILLS** — **92.4%** |  |  |  |
| 7077000 | United States Treasury Bill<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;03/30/23 | $7004589 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $7,002,146)** |  |  | 7004589 |
| **Shares** |  |  |  |  |
|  | **SHORT-TERM INVESTMENTS — 4.5%** |  |  |  |
|  | **MONEY MARKET FUNDS - 4.5%** |  |  |  |
| 170982 | Fidelity Government Portfolio, Class I, 4.06%<sup>(b)</sup> |  |  | &nbsp;&nbsp;&nbsp;170982 |
| 170982 | First American Government Obligations Fund, Class Z, 4.04%<sup>(b)</sup> |  |  | &nbsp;&nbsp;&nbsp;170982 |
|  | **TOTAL MONEY MARKET FUNDS (Cost $341,964)** | **TOTAL MONEY MARKET FUNDS (Cost $341,964)** |  | &nbsp;&nbsp;&nbsp;341964 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $341,964)** | **TOTAL SHORT-TERM INVESTMENTS (Cost $341,964)** |  | 341964 |
|  | **TOTAL INVESTMENTS - 96.9% (Cost $7,344,110)** |  |  | &nbsp;&nbsp;&nbsp;$7346553 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 3.1%** |  |  | &nbsp;&nbsp;&nbsp;238397 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp;&nbsp;$7584950 |

---

<sup>(a)</sup> Zero coupon bond. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of December 31, 2022.

---

| | | |
|:---|:---|:---|
| **SPECTRUM UNCONSTRAINED FUND** | **SPECTRUM UNCONSTRAINED FUND** | **SPECTRUM UNCONSTRAINED FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 95.0%** |  |
|  | **MONEY MARKET FUNDS - 95.0%** |  |
| 3219762 | Fidelity Government Portfolio, Class I, 4.06%<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $3219762 |
| 3219762 | First American Government Obligations Fund, Class Z, 4.04%<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3219762 |
|  | **TOTAL MONEY MARKET FUNDS (Cost $6,439,524)** | &nbsp;&nbsp; 6439524 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $6,439,524)** | 6439524 |
|  | **TOTAL INVESTMENTS - 95.0% (Cost $6,439,524)** | &nbsp;&nbsp;&nbsp; $6439524 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 5.0%** | &nbsp;&nbsp; 335528 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $6775052 |

---

<sup>(a)</sup> Rate disclosed is the seven-days effective yield as of December 31, 2022.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Advisors Preferred Trust

- **b. Investment Company Act file number:** 811-22756

- **c. CIK number of Registrant:** 0001556505

- **d. LEI of Registrant:** 549300VBL7C31PY2VZ37

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1445 RESEARCH BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 240-223-1998

**Item A.2. Information about the Series.**

- **a. Name of Series:** Spectrum Active Advantage Fund

- **b. EDGAR series identifier (if any):** S000049076

- **c. LEI of Series:** 54930044QDSUUH44JO68

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7601578.91

**Total Liabilities:** $16629.12

**Net Assets:** $7584949.79

**Cash Not Reported:** $244335.62

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154799 | 0.79%                | -0.24%               | -5.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-9739.58                                  |
| Month 2  | $0.00                    | $4851.40                                   |
| Month 3  | $0.00                    | $7271.64                                   |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### Schedule of Portfolio Investments

| Name                                   | Title           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIRST AMERN FDS INC                    | FRST AM-GV OB-Z | CUSIP: 31846V567<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    170982 | PA      | $170982.20    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios | FID-MM GOVT-I   | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    170982 | PA      | $170982.21    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills           | B 03/30/23      | CUSIP: 912796YM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7077000 | PA      | $7004588.77   | 92.35%            | 2023-03-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** Advisors Preferred Trust

**Signature:** Christine Casares

**Name of Signer:** Christine Casares

**Title:** Treasurer