# EDGAR Filing Document

**Accession Number:** 0001556505
**File Stem:** 0000910472-25-003013
**Filing Date:** 2025-11
**Character Count:** 26845
**Document Hash:** 8a48a73555174032b1cbbb1a2441b88e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003013.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0000910472-25-003013

**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:** 251464717

**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

### OnTrack Core Fund (Series ID: S000039311)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000121122 | OnTrack Core Fund Investor Class Shares | OTRFX           |
| C000127985 | OnTrack Core Fund Advisor Class Shares  | OTRGX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ONTRACK CORE FUND** | **ONTRACK CORE FUND** | **ONTRACK CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 2.9%** |  |
|  | **EQUITY - 1.7%** |  |
| 1000 | VanEck Uranium + Nuclear Energy ETF | &nbsp;&nbsp;&nbsp; $135650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | Roundhill Generative AI & Technology ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 276750 |
|  |  | &nbsp;&nbsp;&nbsp; 412400 |
|  | **FIXED INCOME - 1.2%** |  |
| 15000 | First Trust Preferred Securities and Income ETF | &nbsp;&nbsp;&nbsp; 273600 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $637,318)** | &nbsp;&nbsp; 686000 |
|  | **OPEN END FUNDS — 62.3%** |  |
|  | **ALTERNATIVE – 6.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175029 | Eaton Vance Global Macro Absolute Return Fund, Class I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1528005 |
|  | **FIXED INCOME - 30.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511364 | BlackRock High Yield Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3707386 |
| 99701 | Diamond Hill Short Duration Securitized Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 1001994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155642 | Nuveen Preferred Securities and Income, Class I | &nbsp;&nbsp;&nbsp; 2508949 |
|  |  | &nbsp;&nbsp;&nbsp; 7218329 |
|  | **INTERNATIONAL BONDS - 10.4%** |  |
| 300000 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I | &nbsp;&nbsp;&nbsp; 2490004 |
|  | **PREFERRED STOCKS - 15.5%** |  |
| 98684 | Cohen & Steers Preferred Securities and Income, Class I | &nbsp;&nbsp;&nbsp; 1245395 |
| 263881 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 2485762 |
|  |  | &nbsp;&nbsp; 3731157 |

---

---

| | | |
|:---|:---|:---|
| <br> **ONTRACK CORE FUND** | <br> **ONTRACK CORE FUND** | <br> **ONTRACK CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **OPEN-END FUNDS — 62.3% (Continued)** |  |
|  | **TOTAL OPEN-END FUNDS (Cost $14,500,025)** | &nbsp;&nbsp; $14967495 |
|  | **SHORT-TERM INVESTMENTS — 2.6%** |  |
|  | **MONEY MARKET FUNDS - 2.6%** |  |
| 311181 | Fidelity Government Portfolio, Class I, 4.03%<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 311181 |
| 311181 | First American Government Obligations Fund, Class Z, 4.00%<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 311181 |
|  | **TOTAL MONEY MARKET FUNDS (Cost $622,362)** | &nbsp;&nbsp; 622362 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $622,362)** | 622362 |
|  | **TOTAL INVESTMENTS - 67.8% (Cost $15,759,705)** | &nbsp;&nbsp;&nbsp; $16275857 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 32.2%** | &nbsp;&nbsp; 7740847 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $24016704 |

---

ETF - Exchange-Traded Fund <br>

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven-day effective yield as of September 30, 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |  |  |  |  |  |
| Number of Shares | Reference Entity | Notional Amount at September 30, 2025 | Interest Rate Payable <sup>(1)</sup> | Termination Date | Counterparty | Unrealized Depreciation |
| Long Position: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411523 | American Beacon Developing World Income Fund-R5 Class\* | $3041155 | USD SOFR plus 165 bp | 8/11/2028 | BRC | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246659 | American Funds American High-Income Trust® Class F-3\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2454257 | USD SOFR plus 165 bp | 5/15/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158520 | American High-Income Municipal Bond Fund® Class F-3\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2412674 | USD SOFR plus 165 bp | 9/11/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297030 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2465349 | USD SOFR plus 165 bp | 5/12/2025 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244200 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2026860 | USD SOFR plus 165 bp | 7/18/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130000 | First Trust Preferred Securities and Income ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2371200 | USD SOFR plus 60 bp | 10/12/2026 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6406) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25200 | iShares J.P. Morgan USD Emerging Markets Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2398788 | USD SOFR plus 60 bp | 10/12/2026 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17070) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000 | iShares Preferred and Income Securities ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2371500 | USD SOFR plus 60 bp | 10/12/2026 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40158) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329670 | Janus Henderson High-Yield Fund, Class I\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2469228 | USD SOFR plus 165 bp | 5/15/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409556 | Macquarie High Income Fund, Class I\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2449145 | USD SOFR plus 165 bp | 5/15/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522876 | Principal Spectrum Preferred and Capital Securities Income Fund, Class R-6\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4915034 | USD SOFR plus 165 bp | 5/15/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261153 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2460061 | USD SOFR plus 165 bp | 5/12/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364964 | TCW Emerging Markets Income Fund, Class Institiutional \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2510952 | USD SOFR plus 165 bp | 9/5/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288600 | TCW Emerging Markets Income Fund, Class Institiutional\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1985568 | USD SOFR plus 165 bp | 9/18/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248963 | T. Rowe Price Emeriging Markets Bond Fund, I Class\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400003 | USD SOFR plus 165 bp | 9/11/2028 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
|  |  |  |  |  | Total: | $(63634) |
|  | BRC - Barclays Capital |  |  |  |  |  |
|  | 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. |  |  |  |
| \* | Swap contract reset 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:** OnTrack Core Fund

- **b. EDGAR series identifier (if any):** S000039311

- **c. LEI of Series:** 5493007QFFSF6PVKVP16

**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:** $62711173.56

**Total Liabilities:** $38694469.34

**Net Assets:** $24016704.22

**Cash Not Reported:** $7690015.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000121122 | 0.82%                | 1.02%                | 1.03%                |
| Class ID C000127985 | 0.79%                | 1.01%                | 1.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2169.00                 | $52464.89                                  |
| Month 2  | $10540.50                | $62367.33                                  |
| Month 3  | $16553.30                | $105470.77                                 |

**Designated Index Information**

- **Index Name:** 50SP500TR_50BofAML-US-HY

- **Index Identifier:** 50SP500TR_50BofAML-US-HY

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                  | TROW PR EMERG MKT BD      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    248963 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | TCW  EMERG MKTS INC       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    364964 | NS      | $10948.91     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuveen Investments Trust V           | NVN-PREF SEC-I            | CUSIP: 670700400<br>LEI: 5493005YOHPRCB8M2Y83 | Long             | EC               | RF                | US        |    155642 | NS      | $2508949.41   | 10.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Mutual Funds Trust       | EV-GL MAC AR-I            | CUSIP: 277923728<br>LEI: 549300C67AFHZKODE756 | Long             | EC               | RF                | US        |    175029 | NS      | $1528004.67   | 6.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MACQUARIE HIGH INC C      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    409556 | NS      | $28668.94     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | PRIN SPEC PREF CAP S      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    522876 | NS      | $67973.86     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Principal Funds Inc                  | PRIN-PR & CA-INS          | CUSIP: 74253Q416<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |    263881 | NS      | $2485762.16   | 10.35%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EATON VAN EMERG MKT       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    297030 | NS      | $50495.04     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| First Trust Exchange-Traded Fund III | FT-PFD SEC & INC          | CUSIP: 33739E108<br>LEI: 5493003Z20QMESC6XS29 | Long             | EC               | RF                | US        |     15000 | NS      | $273600.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AM HGH INC MUN BD FD      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    158520 | NS      | $12681.64     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Vance Ser Fund Incorporation   | EV-E/M DBT O-I            | CUSIP: 27827V402<br>LEI: 549300R49JD3NSE34I86 | Long             | EC               | RF                | US        |    300000 | NS      | $2490003.89   | 10.37%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | FST TR EX TRD FD 3        | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    130000 | NS      | $-11297.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| First American Funds Inc.            | FRST AM-GV OB-Z           | CUSIP: 31846V567<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    311181 | PA      | $311180.88    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AMERICAN BEACON DEV       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    411523 | NS      | $41152.27     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Cohen & Steers Pfd                   | C&S-PR SEC I-I            | CUSIP: 19248X307<br>LEI: 549300K2VDWJX1NSUI44 | Long             | EC               | RF                | US        |     98684 | NS      | $1245394.74   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ISHES TR JP MOR EM M      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     25200 | NS      | $-10906.56    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JANUS HENDERSON HIGH      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    329670 | NS      | $32967.03     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | PRINCIPAL SPECTRUM P      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    261153 | NS      | $36561.48     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck ETF Trust                     | VANECK URANIUM +          | CUSIP: 92189F601<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |      1000 | NS      | $135650.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds V                    | BLKR-HI YLD-INS           | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |    511364 | NS      | $3707386.36   | 15.44%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EATON VAN EMERG MKT       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    244200 | NS      | $26862.03     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | TCW  EMERG MKTS INC       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    288600 | NS      | $-14430.01    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | ISHES TR PFD AND INC      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     75000 | NS      | $-34005.00    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust     | FID-MM GOVT-I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    311181 | PA      | $311180.88    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidal Trust II                       | RH- GEN AI TECH           | CUSIP: 88636J600<br>LEI: 549300BGXECFCIZF2P89 | Long             | EC               | RF                | US        |      4500 | NS      | $276750.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AMER HIGH INC TRST F      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    246660 | NS      | $24665.98     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamond Hill Funds                   | DIAMND HILL SH DU TOT RET | CUSIP: 25264S544<br>LEI: 549300PZZTQU6QTHS663 | Long             | EC               | RF                | US        |     99701 | NS      | $1001994.01   | 4.17%             |  |  |  | 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