# EDGAR Filing Document

**Accession Number:** 0001556505
**File Stem:** 0001752724-23-000520
**Filing Date:** 2023-1
**Character Count:** 26421
**Document Hash:** dee9749563e540c3ab4725d102536574
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-000520.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001752724-23-000520

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**PERIOD START**: 20230831

**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:** 23520587

**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

### Hundredfold Select Alternative Fund (Series ID: S000065875)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000212830 | Hundredfold Select Alternative Fund Service Class Shares  | SFHYX           |
| C000212831 | Hundredfold Select Alternative Fund Investor Class Shares | HFSAX           |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **HUNDREDFOLD SELECT ALTERNATIVE FUND** | **HUNDREDFOLD SELECT ALTERNATIVE FUND** | **HUNDREDFOLD SELECT ALTERNATIVE FUND** | **HUNDREDFOLD SELECT ALTERNATIVE FUND** | **HUNDREDFOLD SELECT ALTERNATIVE 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)** |
| **November 30, 2022** | **November 30, 2022** | **November 30, 2022** | **November 30, 2022** | **November 30, 2022** |
| **Shares** |  |  |  | **Fair Value** |
|  | **OPEN-END FUNDS — 20.3%** |  |  |  |
|  | **FIXED INCOME - 20.3%** |  |  |  |
| 3876320 | AB High Income Fund, Inc., Class Z |  |  | &nbsp;&nbsp;&nbsp;$25700000 |
| 4328129 | Lord Abbett High Yield Fund, Class R6 |  |  | &nbsp;&nbsp;&nbsp;26964241 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;52664241 |
|  | **TOTAL OPEN-END FUNDS (Cost $52,404,551)** |  |  | &nbsp;&nbsp;&nbsp;52664241 |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** |  |
|  | **U.S. GOVERNMENT & AGENCIES — 53.4%** |  |  |  |
|  | **U.S. TREASURY BILLS** — **53.4%** |  |  |  |
| 115848000 | United States Cash Management Bill<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;12/27/22 | 115523527 |
| 23235000 | United States Treasury Bill<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;02/21/23 | 23016159 |
|  |  |  |  | 138539686 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $138,615,343)** |  |  | 138539686 |
| **Shares** |  |  |  |  |
|  | **SHORT-TERM INVESTMENTS — 25.3%** |  |  |  |
|  | **MONEY MARKET FUNDS - 25.3%** |  |  |  |
| 61427368 | Fidelity Government Portfolio Institutional Class, 3.54%<sup>(b)</sup> |  |  | &nbsp;&nbsp;&nbsp;61427368 |
| 4354979 | First American Government Obligations Fund Class X, 3.65%<sup>(b)(d)</sup> |  |  | &nbsp;&nbsp;&nbsp;4354979 |
|  | **TOTAL MONEY MARKET FUNDS (Cost $65,782,347)** | **TOTAL MONEY MARKET FUNDS (Cost $65,782,347)** |  | &nbsp;&nbsp;&nbsp;65782347 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $65,782,347)** | **TOTAL SHORT-TERM INVESTMENTS (Cost $65,782,347)** |  | 65782347 |
|  | **TOTAL INVESTMENTS - 99.0% (Cost $256,802,241)** |  |  | &nbsp;&nbsp;&nbsp;$256986274 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 1.0%** |  |  | &nbsp;&nbsp;&nbsp;2709586 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp;&nbsp;$259695860 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |
| **Number of Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional Amount<sup>(c)</sup>** | **Unrealized Appreciation (Depreciation)** |
| 90 | CBOT Soybean Futures<sup>(d)</sup> | 01/13/2023 | &nbsp;&nbsp;&nbsp;$6612750 | &nbsp;&nbsp;&nbsp;$30420 |
| 57 | CME E-Mini NASDAQ 100 Index Futures | 12/16/2022 | &nbsp;&nbsp;&nbsp;13728222 | &nbsp;&nbsp;&nbsp;387429 |
| 274 | CME E-Mini-Russell 2000 Index Futures | 12/16/2022 | &nbsp;&nbsp;&nbsp;25858750 | &nbsp;&nbsp;&nbsp;123335 |
| 96 | CME E-Mini Standard & Poor's 500 Index Futures | 12/16/2022 | &nbsp;&nbsp;&nbsp;19590000 | &nbsp;&nbsp;&nbsp;745929 |
| 109 | COMEX Copper Futures<sup>(d)</sup> | 03/29/2023 | &nbsp;&nbsp;&nbsp;10186050 | &nbsp;&nbsp;&nbsp; (135612) |
| 196 | ICE US MSCI Emerging Markets EM Index Futures | 12/16/2022 | &nbsp;&nbsp;&nbsp;9628500 | &nbsp;&nbsp;&nbsp; (26420) |
|  | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  | &nbsp;&nbsp;&nbsp;$1125081 |

---

ADM ADM Investor Services, Inc. <br>

<sup>(a)</sup> Zero coupon bond.

<sup>(b)</sup> Rate disclosed is the seven-day effective yield as of November 30, 2022.

<sup>(c)</sup> The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund.

<sup>(d)</sup> All or a portion of this investment is a holding of the Hundredfold Select Alternative Fund Limited (HFSA Fund Limited). 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CREDIT DEFAULT SWAP AGREEMENTS - PROTECTION SOLD: (CENTRALLY CLEARED)** | **CREDIT DEFAULT SWAP AGREEMENTS - PROTECTION SOLD: (CENTRALLY CLEARED)** | **CREDIT DEFAULT SWAP AGREEMENTS - PROTECTION SOLD: (CENTRALLY CLEARED)** | **CREDIT DEFAULT SWAP AGREEMENTS - PROTECTION SOLD: (CENTRALLY CLEARED)** | **CREDIT DEFAULT SWAP AGREEMENTS - PROTECTION SOLD: (CENTRALLY CLEARED)** | **CREDIT DEFAULT SWAP AGREEMENTS - PROTECTION SOLD: (CENTRALLY CLEARED)** | | | |
| Description | Counterparty | Maturity Date | Fixed Deal (Receive) Rate | Implied Credit Spread<sup>(1)</sup> | Notional Value | Fair Value | Amortized Upfront Payments Paid | Unrealized (Depreciation) |
| CDX North American High Yield Series 39 | BAR | 12/20/2027 | 5.00% | 4.52% | $25700000 | $465584 | $479305 | $(13721) |
| BAR - Barclays Capital | BAR - Barclays Capital |  |  |  |  |  |  |  |
| <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. | <sup>(1)</sup> For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the market value of the credit default swap contracts as of period will serve as an indicator of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the contract. Generally, wider credit spreads represent a perceived deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract. |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |  |  |  |  |  |
| Number of Shares | Description | Notional Value | Interest Rate<sup>(2)</sup> | Maturity Date | Counterparty | Unrealized Appreciation (Depreciation) |
| Long Position: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4202898 | &nbsp;&nbsp;Credit Suisse Floating rate High Income Fund, Institutional Class | $26057971 | &nbsp;&nbsp;USD-Federal Funds-H.15 plus 165 bp | 9/5/2023 | CIBC | $45190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4046154 | &nbsp;&nbsp;Invesco Rochester Municipal Opportunities Fund Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27392462 | &nbsp;&nbsp;USD-Federal Funds-H.20 plus 165 bp | 12/29/2023 | CIBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701400 | &nbsp;&nbsp;iShares iBoxx $ High Yield Corporate 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;53067924 | &nbsp;&nbsp;USD-SOFR plus 35 bp | 12/13/2023 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125800 | &nbsp;&nbsp;iShares National Muni 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;13362476 | &nbsp;&nbsp;USD-SOFR plus 35 bp | 12/14/2023 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3279302 | &nbsp;&nbsp;PIMCO High Yield Municipal Bond 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;27087032 | &nbsp;&nbsp;USD-SOFR plus 35 bp | 12/14/2023 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268900 | &nbsp;&nbsp;Vanguard Tax-Exempt Bond Index Fund 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;13401976 | &nbsp;&nbsp;USD-SOFR plus 35 bp | 12/14/2023 | BRC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182177 |
|  |  |  |  |  | Total: | $3234023 |
|  | BRC - Barclays Capital |  |  |  |  |  |
|  | CIBC - Canadian Imperial Bank of Commerce |  |  |  |  |  |
|  | SOFR - Secured Overnight Financing Rate |  |  |  |  |  |
| <sup>(2)</sup> | Interest rate is based upon current notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon current notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon current notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon current notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon current notional amounts, which may be a multiple of the number of shares plus a specified spread. | Interest rate is based upon current notional amounts, which may be a multiple of the number of shares plus a specified spread. |

---

## 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:** Hundredfold Select Alternative Fund

- **b. EDGAR series identifier (if any):** S000065875

- **c. LEI of Series:** 549300074VHDTO26DF48

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $443181755.23

**Total Liabilities:** $183485879.91

**Net Assets:** $259695875.32

**Amount of Assets Invested in Other Investment Companies:** $8384657.67

**Cash Not Reported:** $24083603.82

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -10246.26372800 | **10-Year:** -113.40637500 | **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 C000212831 | -1.18%               | -0.85%               | 1.67%                |
| Class ID C000212830 | -1.25%               | -0.96%               | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1618.27                | $64686.35                                  |
| Month 2  | $-3872.23                | $-281682.61                                |
| Month 3  | $0.00                    | $476383.45                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIRST AMERN FDS INC                    | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4354979 | PA      | $4354979.25   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                       | MSCI EmgMkt       Dec22   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DE               | CORP              | US        |       196 | NC      | $-26419.82    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE (FLOOR)    | NASDAQ 100 E-MINI Dec22   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        57 | NC      | $387428.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | VANGUARD TAX-EXEMPT       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    268900 | NS      | $201863.23    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | INVESCO ROCHESTERMUN      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |   4046154 | NS      | $1092461.54   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Institutional Cash Portfolios | FID-MM GOVT-I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |  61427368 | PA      | $61427367.60  | 23.65%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE (FLOOR)    | S&P500 EMINI FUT  Dec22   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |        96 | NC      | $745928.54    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GLOBEX                             | E-Mini Russ 2000  Dec22   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       274 | NC      | $123335.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER            | COPPER FUTURE     Mar23   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | US        |       109 | NC      | $-135612.35   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | PIMCO HIGH YIELD MUN      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |   3279302 | NS      | $787032.42    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CDX.NA.HY Series 39                    | CDXHY39 12/27             | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       | -25700000 | PA      | $465583.77    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills           | B 02/21/23                | CUSIP: 912796Y60<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23235000 | PA      | $23016158.60  | 8.86%             | 2023-02-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                    | CREDIT SUISSE FL RT       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |   4202899 | NS      | $-42028.98    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills           | CMB 12/27/22              | CUSIP: 912796ZA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 115848000 | PA      | $115523527.13 | 44.48%            | 2022-12-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                    | ISHARES NATIONAL MUN      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    125800 | NS      | $276307.12    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | ISHARESIBOXX HYCB SW      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    701400 | NS      | $920960.08    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Ab High Income Fund Inc                | AB-HIGH INC-Z             | CUSIP: 01859M804<br>LEI: 2NEZ4DLQSXZQH9D3RU96 | Long             | EC               | RF                | US        |   3876320 | NS      | $25700000.00  | 9.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Lord Abbett Investment Trust           | LORD ABBETT HIGH YIELD-R6 | CUSIP: 54401E721<br>LEI: 54930085JIVNI3FPKR71 | Long             | EC               | RF                | US        |   4328129 | NS      | $26964240.97  | 10.38%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                 | SOYBEAN FUTURE    Jan23   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |        90 | NC      | $30420.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-28

**Name of Applicant:** Advisors Preferred Trust

**Signature:** Christine Casares

**Name of Signer:** Christine Casares

**Title:** Treasurer