# EDGAR Filing Document

**Accession Number:** 0001556505
**File Stem:** 0000910472-25-003018
**Filing Date:** 2025-11
**Character Count:** 14699
**Document Hash:** 47fc3326e432c3a92db552a582c6c9a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003018.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0000910472-25-003018

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors Preferred Trust
- **CENTRAL INDEX KEY:** 0001556505

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22756
- **FILM NUMBER:** 251464739

**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

### The Gold Bullion Strategy Fund (Series ID: S000040754)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000126480 | The Gold Bullion Strategy Fund Investor Class Shares | QGLDX           |
| C000143962 | The Gold Bullion Strategy Fund Advisor Class Shares  | QGLCX           |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  |  |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 6.7%** |  |  |  |
|  | **COMMODITY – 0.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3734 | SPDR Gold Shares<sup>(a),(b)</sup> |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1327176 |
|  | **FIXED INCOME - 5.8%** |  |  |  |
| 80000 | iShares 0-3 Month Treasury Bond ETF<sup>(e)</sup> |  |  | &nbsp;&nbsp;&nbsp; 8055999 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $9,263,644)** |  |  | &nbsp;&nbsp; 9383175 |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** |  |
|  | **CERTIFICATE OF DEPOSIT — 6.4%** |  |  |  |
|  | **BANKING - 6.4%** |  |  |  |
| 1000000 | Ally Bank | 3.7500 | &nbsp;&nbsp;&nbsp;09/27/27 | &nbsp;&nbsp;&nbsp; 1002454 |
| 1000000 | Axos Bank | 3.8000 | &nbsp;&nbsp;&nbsp;04/02/27 | &nbsp;&nbsp;&nbsp; 1001470 |
| 1000000 | BOM Bank | 4.5500 | &nbsp;&nbsp;&nbsp;09/13/27 | &nbsp;&nbsp;&nbsp; 1000204 |
| 1000000 | Connexus Credit Union | 4.0000 | &nbsp;&nbsp;&nbsp;08/30/27 | &nbsp;&nbsp;&nbsp; 1006631 |
| 1000000 | Customers Bank | 4.0000 | &nbsp;&nbsp;&nbsp;08/17/26 | &nbsp;&nbsp;&nbsp; 1001467 |
| 1000000 | ESSA Bank & Trust | 3.7000 | &nbsp;&nbsp;&nbsp;09/25/26 | &nbsp;&nbsp;&nbsp; 999243 |
| 1000000 | First National Bank of Mount Dora | 4.7500 | &nbsp;&nbsp;&nbsp;08/07/26 | &nbsp;&nbsp;&nbsp; 1002556 |
| 1000000 | Flushing Bank | 4.0000 | &nbsp;&nbsp;&nbsp;08/12/26 | &nbsp;&nbsp;&nbsp; 1001878 |
| 1000000 | Texas Exchange Bank SSB | 3.6500 | &nbsp;&nbsp;&nbsp;03/26/27 | &nbsp;&nbsp;&nbsp; 999063 |
|  |  |  |  | &nbsp;&nbsp; 9014966 |
|  | **TOTAL CERTIFICATE OF DEPOSIT (Cost $9,000,000)** |  |  | &nbsp;&nbsp; 9014966 |
| **Shares** |  |  |  |  |
|  | **SHORT-TERM INVESTMENTS — 79.1%** |  |  |  |
|  | **MONEY MARKET FUNDS - 79.1%** |  |  |  |
| 96169983 | Fidelity Government Portfolio, Class I, 4.03%<sup>(c)</sup> |  |  | &nbsp;&nbsp;&nbsp; 96169983 |
| 14598013 | First American Government Obligations Fund, Class Z, 4.00%<sup>(b) (c)</sup> |  |  | &nbsp;&nbsp;&nbsp; 14598013 |
|  | **TOTAL MONEY MARKET FUNDS (Cost $110,767,996)** | **TOTAL MONEY MARKET FUNDS (Cost $110,767,996)** |  | &nbsp;&nbsp; 110767996 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $110,767,996)** | **TOTAL SHORT-TERM INVESTMENTS (Cost $110,767,996)** |  | 110767996 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** | **THE GOLD BULLION STRATEGY FUND** |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Units** |  |  |  | **Fair Value** |
|  | **COLLATERAL FOR SECURITIES LOANED- 5.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8137800 | Mount Vernon Liquid Assets Portfolio, LLC, , 4.27%<sup>(c) (d)</sup> | Mount Vernon Liquid Assets Portfolio, LLC, , 4.27%<sup>(c) (d)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;$8137800 |
|  | **COLLATERAL FOR SECURITIES LOANED (Cost $8,137,800)** | **COLLATERAL FOR SECURITIES LOANED (Cost $8,137,800)** |  |  |
|  | **TOTAL INVESTMENTS - 98.0% (Cost $137,169,440)** |  |  | &nbsp;&nbsp;&nbsp; $137303937 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 2.0%** |  |  | &nbsp;&nbsp; 2772577 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $140076514 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |
| **Number of Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional Amount** | **Unrealized Appreciation** |
| 359 | COMEX Gold 100 Troy Ounces Futures<sup>(b)</sup> | 12/30/2025 | &nbsp;&nbsp;&nbsp; $139539710 | &nbsp;&nbsp;&nbsp; $17942325 |
|  | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  |  |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| SPDR | - Standard & Poor's Depositary Receipt |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this investment is a holding of the GBSF Fund Ltd.

<sup>(c)</sup> Rate disclosed is the seven-day effective yield as of September 30, 2025.

<sup>(d)</sup> Security purchased with cash proceeds of securities lending collateral.

<sup>(e)</sup> All or a portion of the security is on loan. Total loaned securities had a value of $7,975,440 at September 30, 2025.

## 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:** The Gold Bullion Strategy Fund

- **b. EDGAR series identifier (if any):** S000040754

- **c. LEI of Series:** 54930047MRP0TM0JUJ49

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $148618273.92

**Total Liabilities:** $8541759.72

**Net Assets:** $140076514.20

**Amount of Assets Invested in Other Investment Companies:** $25494046.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000126480 | -0.79%               | 5.41%                | 10.86%               |
| Class ID C000143962 | -0.82%               | 5.31%                | 10.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4820.51                 | $-7028.98                                  |
| Month 2  | $2128.14                 | $70794.82                                  |
| Month 3  | $14836609.35             | $52006.09                                  |

**Designated Index Information**

- **Index Name:** SPDR Gold Shares ETF (GLD)

- **Index Identifier:** SPDR GOLD SHARES ETF (GLD)

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Texas Exchange Bank               | BKCROW 3.65 03/26/27                 | CUSIP: 88241TTB6<br>LEI: 549300031SFX4XF0AQ96 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999063.20    | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Fidelity Colchester Street Trust  | FID-MM GOVT-I                        | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |  96169983 | PA      | $96169982.80  | 68.66%            |  |  |  | No            | 1                  | On Loan: No      |
| Ally Bank Sandy (Utah)            | GMATBK 3 3/4 09/27/27                | CUSIP: 02007G3R2<br>LEI: 549300C04BJ0G297NC13 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1002453.90   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| First National Bank of Mount Dora | FLBD 4 3/4 08/07/26                  | CUSIP: 32106BAM3<br>LEI: 2549001SGCT0DXW9UA79 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1002556.80   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| STONECASTLE                       | STONECASTLE                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1118234 | PA      | $1118234.09   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Essa Bank and Trust               | ESSA 3.7 09/25/26                    | CUSIP: 29667RVY6<br>LEI: 549300NBFK4GO76FTE84 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999243.00    | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                               | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BOM Bank Natchitoches Louisiana   | BOMBNK 4.55 09/13/27                 | CUSIP: 09776DAH7<br>LEI: 549300LDX1HCIL448282 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1000203.50   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Customers Bank                    | NCBKPA 4 08/17/26                    | CUSIP: 23204HQE1<br>LEI: 6UHRKD73G36IZYN3FC43 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1001466.60   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Axos Bank (California)            | BOFI 3.8 04/02/27                    | CUSIP: 05465DBR8<br>LEI: 2549009X2AG1P20YAJ63 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1001469.70   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Connexus Credit Union (Wisconsin) | CNXCRE 4 08/30/27                    | CUSIP: 20825WDQ0<br>LEI: 2549007AU24FVDMNUB40 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1006631.50   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| Flushing Bank                     | FFIC 4 08/12/26                      | CUSIP: 34387AHW2<br>LEI: 549300QVXT6121Q7E798 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1001877.70   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares Trust                     | ISHARES 0-3M T/B                     | CUSIP: 46436E718<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     80000 | NS      | $8056000.00   | 5.75%             |  |  |  | No            | 1                  | On Loan: —       |
| COMMODITIES EXCHANGE CENTER       | GOLD 100 OZ FUTR  Dec25              | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |       359 | NC      | $17942325.35  | 12.81%            |  |  |  | No            | 1                  | On Loan: No      |
| Spdr Gold Trust                   | SPDR GOLD SHARES                     | CUSIP: 78463V107<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3734 | NS      | $1327175.62   | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.         | FRST AM-GV OB-Z                      | CUSIP: 31846V567<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  14598013 | PA      | $14598012.73  | 10.42%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** Advisors Preferred Trust

**Signature:** Christine Casares

**Name of Signer:** Christine Casares

**Title:** Treasurer