# EDGAR Filing Document

**Accession Number:** 0001556505
**File Stem:** 0001752724-25-162809
**Filing Date:** 2025-6
**Character Count:** 30896
**Document Hash:** 21a212f9d774c4bc766a2cb52a8d5d40
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162809.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162809

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20250831

**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:** 251090131

**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)** |
| **May 31, 2025** | **May 31, 2025** | **May 31, 2025** | **May 31, 2025** | **May 31, 2025** |
| **Shares** |  | | | **Fair Value** |
|  | **OPEN-END FUNDS — 84.7%** | | |  |
|  | **ALTERNATIVE - 23.9%** | | |  |
| 1303844 | AQR Equity Market Neutral Fund, Class R6 |  |  | &nbsp;&nbsp;$14994207 |
| 682996 | Federated Hermes MDT Market Neutral Fund, Institutional Shares |  |  | &nbsp;&nbsp;14711728 |
|  |  |  |  | &nbsp;&nbsp;29705935 |
|  | **FIXED INCOME - 60.8%** |  |  |  |
| 1107754 | Easterly Income Opportunities Fund, Class I |  |  | &nbsp;&nbsp;11011077 |
| 3382167 | JPMorgan High Yield Fund, Class R6 |  |  | &nbsp;&nbsp;21950265 |
| 1511601 | PGIM Securitized Credit Fund, Class Z |  |  | &nbsp;&nbsp;14692760 |
| 1436658 | PIMCO High Yield Spectrum Fund, Institutional Class |  |  | &nbsp;&nbsp;13231619 |
| 1370691 | PIMCO Income Fund, Institutional Class |  |  | &nbsp;&nbsp;14556736 |
|  |  |  |  | &nbsp;&nbsp;75442457 |
|  | **TOTAL OPEN-END FUNDS (Cost $103,982,283)** |  |  | &nbsp;&nbsp;105148392 |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** |  |
|  | **U.S. GOVERNMENT & AGENCIES — 6.3%** |  |  |  |
|  | **U.S. TREASURY BILLS** — **6.3%** |  |  |  |
| 372000 | United States Treasury Bill<sup>(a)</sup> | 4.0800 | &nbsp;&nbsp;&nbsp;07/10/25 | &nbsp;&nbsp;370345 |
| 7580000 | United States Treasury Bill<sup>(a)</sup> | 4.2200 | &nbsp;&nbsp;&nbsp;08/21/25 | &nbsp;&nbsp;7508790 |
|  |  |  |  | &nbsp;&nbsp;7879135 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $7,879,015)** |  |  | &nbsp;&nbsp;7879135 |
| **Shares** |  |  |  |  |
|  | **SHORT-TERM INVESTMENTS — 10.9%** |  |  |  |
|  | **MONEY MARKET FUNDS - 10.9%** |  |  |  |
| 12049704 | Fidelity Money Market Government Portfolio, Institutional Class, 4.17%<sup>(a)</sup> |  |  | &nbsp;&nbsp;12049704 |
| 1520017 | First American Government Obligations Fund Class X, 4.21%<sup>(a),(b)</sup> |  |  | &nbsp;&nbsp;1520017 |
|  | **TOTAL MONEY MARKET FUNDS (Cost $13,569,721)** | **TOTAL MONEY MARKET FUNDS (Cost $13,569,721)** |  | &nbsp;&nbsp;13569721 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $13,569,721)** | **TOTAL SHORT-TERM INVESTMENTS (Cost $13,569,721)** |  | 13569721 |
|  | **TOTAL INVESTMENTS - 101.9% (Cost $125,431,019)** |  |  | &nbsp;&nbsp;$126597248 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.9)%** |  |  | &nbsp;&nbsp; (2345147) |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp;$124252101 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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) (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)** |
| **May 31, 2025** | **May 31, 2025** | **May 31, 2025** | **May 31, 2025** | **May 31, 2025** |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | | | |
| **Number of Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional Amount** | **Unrealized Appreciation** |
| 76 | CME E-Mini Standard & Poor's 500 Index Futures | 06/23/2025 | &nbsp;&nbsp;$22480800 | &nbsp;&nbsp;$185985 |
|  | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  |  |
| (a) | Rate disclosed is the seven-day effective yield as of May 31, 2025. | Rate disclosed is the seven-day effective yield as of May 31, 2025. |  |  |
| (b) | All or a portion of this investment is a holding of the Hundredfold Select Alternative Fund Limited (HFSA Fund Limited). | All or a portion of this investment is a holding of the Hundredfold Select Alternative Fund Limited (HFSA Fund Limited). | All or a portion of this investment is a holding of the Hundredfold Select Alternative Fund Limited (HFSA Fund Limited). |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION: <sup>(1)(2)(3)</sup>** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION: <sup>(1)(2)(3)</sup>** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION: <sup>(1)(2)(3)</sup>** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION: <sup>(1)(2)(3)</sup>** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION: <sup>(1)(2)(3)</sup>** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION: <sup>(1)(2)(3)</sup>** | | |
| Reference Entity | Counterparty | Termination Date | Interest Rate Receivable | Notional Amount at May 31, 2025 | Fair Value | Upfront Premiums Paid | Unrealized Appreciation |
| CDX North American High Yield Series 44 | BRC | 6/20/2030 | 500 bps | $(14600000) | $1039257 | $847882 | $191375 |
| BRC - Barclays Capital |  |  |  |  |  |  |  |
| <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. | <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. | <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. | <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. | <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. | <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. | <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. | <sup>(1)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference security and receive the reference security or (ii) pay a net amount equal to the par value of the defaulted reference security less its recovery value. |
| <sup>(2)</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 end, 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 security 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 security'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>(2)</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 end, 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 security 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 security'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>(2)</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 end, 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 security 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 security'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>(2)</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 end, 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 security 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 security'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>(2)</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 end, 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 security 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 security'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>(2)</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 end, 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 security 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 security'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>(2)</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 end, 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 security 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 security'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>(2)</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 end, 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 security 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 security'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>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. | <sup>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. | <sup>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. | <sup>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. | <sup>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. | <sup>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. | <sup>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. | <sup>(3)</sup> For centrally cleared swaps, the notional amounts represents the maximum potential the Fund may pay as a seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference security. |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |  |  |  |  |  |
| Number of Shares | Reference Entity | Notional Amount at May 31, 2025 | Interest Rate Payable<sup>(1)</sup> | Termination Date | Counterparty | Unrealized Appreciation (Depreciation) |
| Long Position: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1180891 | AQR Long-Short Equity Fund, Class R6 | $22000000 | USD-SOFR plus 165 bp | 7/1/2026 | NGFP | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1362782 | Buffalo High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14513628 | USD-SOFR plus 165 bp | 6/15/2026 | NGFP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31785) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1528796 | BlackRock Strategic Income Opportunities Portfolio, Class K | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14676440 | USD-FED plus 165 bp | 6/30/2026 | CIBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1864623 | Fidelity Advisor High Income Fund, Class Z | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14618646 | USD-SOFR plus 165 bp | 5/30/2028 | 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;21239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812918 | Nuveen Floating Rate Income Fund, Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14713808 | USD-SOFR plus 165 bp | 5/2/2028 | 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;133559 |
|  |  |  |  |  | Total: | $182578 |
|  | BRC - Barclays Capital |  |  |  |  |  |
|  | CIBC - Canadian Imperial Bank of Commerce |  |  |  |  |  |
|  | FED - Federal Funds Effective Rate |  |  |  |  |  |
|  | NGFP - Nomura Global Financial Products, Inc. |  |  |  |  |  |
|  | SOFR - Secured Overnight Financing Rate |  |  |  |  |  |
|  | <sup>(1)</sup> Interest rate is based upon predeterminied notional amounts, which may be a multiple of the number of shares plus a specified spread. | <sup>(1)</sup> Interest rate is based upon predeterminied notional amounts, which may be a multiple of the number of shares plus a specified spread. | <sup>(1)</sup> Interest rate is based upon predeterminied notional amounts, which may be a multiple of the number of shares plus a specified spread. | <sup>(1)</sup> Interest rate is based upon predeterminied notional amounts, which may be a multiple of the number of shares plus a specified spread. | <sup>(1)</sup> Interest rate is based upon predeterminied notional amounts, which may be a multiple of the number of shares plus a specified spread. | <sup>(1)</sup> Interest rate is based upon predeterminied 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:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $215022531.81

**Total Liabilities:** $90770431.23

**Net Assets:** $124252100.58

**Amount of Assets Invested in Other Investment Companies:** $1525095.76

**Cash Not Reported:** $13750898.42

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 6264.14802700 | **10-Year:** 69.33203500 | **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 | -0.84%               | 0.38%                | 1.85%                |
| Class ID C000212830 | -0.94%               | 0.32%                | 1.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-510384.85              | $179974.90                                 |
| Month 2  | $-484238.68              | $-224805.31                                |
| Month 3  | $1365880.36              | $441577.21                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PIMCO Funds                         | PIMCO-INCOME-INS          | CUSIP: 72201F490<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1370691 | NS      | $14556735.63  | 11.72%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills        | B 07/10/25                | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    372000 | PA      | $370344.91    | 0.30%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Adviser Series     | FH-MDT MR NT-IS           | CUSIP: 31423A432<br>LEI: 2549001OZ5PPTI84LJ34 | Long             | EC               | RF                | US        |    682996 | NS      | $14711728.69  | 11.84%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.           | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1520017 | PA      | $1520016.71   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AQR Funds                           | AQR-EQ MKT NE-R6          | CUSIP: 00191K765<br>LEI: 549300V0TAB4ICSX2404 | Long             | EC               | RF                | US        |   1303844 | NS      | $14994206.83  | 12.07%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills        | B 08/21/25                | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7580000 | PA      | $7508790.14   | 6.04%             | 2025-08-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Trust Ii                  | JPM-HIGH YLD-R6           | CUSIP: 4812C0126<br>LEI: 549300IMXLYKELY96B40 | Long             | EC               | RF                | US        |   3382167 | NS      | $21950265.02  | 17.67%            |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Funds                         | PIMCO-HY SP-INS           | CUSIP: 72201W204<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |   1436658 | NS      | $13231618.94  | 10.65%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | AQR LNG SHRT EQTY FN      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |   1180891 | NS      | $-22000000.00 | -17.71%           |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | NUVEEN FLOATING RATE      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    812918 | NS      | $113808.47    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust    | FID-MM GOVT-I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |  12049704 | PA      | $12049704.21  | 9.70%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | FID ADV HIGH INC Z        | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |   1864623 | NS      | $18646.25     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| James Alpha Funds Trust             | ESTR-INC OPP-I            | CUSIP: 470258773<br>LEI: 5493007JDS1R5QEQGK05 | Long             | EC               | RF                | US        |   1107754 | NS      | $11011077.54  | 8.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE         | S&P500 EMINI FUT  Jun25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |        76 | NC      | $185985.05    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | BUFF HGH YLD INST CL      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |   1362782 | NS      | $13627.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CDX.NA.HY SERIES 44                 | MARKIT CDX.NA.HY.44 06/30 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       | -14600000 | PA      | $891229.26    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential Investments Portfolios 8 | PGIM-SCR CRD-Z            | CUSIP: 74441F876<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1511601 | NS      | $14692759.78  | 11.82%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | BLKRK STRAT INC OPP       | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |   1528796 | NS      | $76439.80     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

**Name of Applicant:** Advisors Preferred Trust

**Signature:** Christine Casares

**Name of Signer:** Christine Casares

**Title:** Treasurer