(null)


  
    NPORT-P
    false
    
      
      
        
          0001556505
          XXXXXXXX
        
      
      
      
      
        S000043121
        C000133465
      
      
    
  
  
    
      Advisors Preferred Trust
      811-22756
      0001556505
      549300VBL7C31PY2VZ37
      1445 RESEARCH BOULEVARD
      SUITE 530
      ROCKVILLE
      
      20850
      240-223-1998
      Spectrum Low Volatility Fund
      S000043121
      549300KECB5IIXYTMM56
      2022-09-30
      2022-06-30
      N
    
    
      329664315.19
      20958079.48
      308706235.71
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      2180746.77000000
      
        
          USD
          
          
        
      
      
      
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        N/A
        N/A
        NUVEEN HY MUNI
        N/A
        
          
        
        6365.37200000
        NS
        USD
        -10057.28000000
        -0.00325788041
        Long
        DO
        
        US
        N
        
        2
        
          
            
              BARCLAYS
              N/A
            
            
              
                Nuveen High Yield Municipal Bond Fund
                Nuveen High Yield Municipal Bond Fund Class R6
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2024-10-31
            0.00000000
            USD
            0.00000000
            USD
            -108020.36360000
            USD
            -10057.28000000
          
        
        
          N
          N
          N
        
      
      
        Fidelity Institutional Cash Portfolios
        549300SHPEJB1OPRCV46
        FID-MM GOVT-I
        316175108
        
          
        
        150993174.97000000
        PA
        USD
        150993174.97000000
        48.91160511310
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        N/A
        N/A
        PIMCO GOV'T MM
        N/A
        
          
        
        20000000.00000000
        NS
        USD
        0.00000000
        0.000000
        Long
        DO
        
        US
        N
        
        2
        
          
            
              BARCLAYS
              N/A
            
            
              
                PIMCO GOVERNMENT MONEY MARKET FUND
                PIMCO GOVERNMENT MONEY MARKET FUND
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2025-03-08
            0.00000000
            USD
            0.00000000
            USD
            -20000000.00000000
            USD
            0.00000000
          
        
        
          N
          N
          N
        
      
      
        Nuveen Municipal
        549300D2RECSQKX7NC33
        NUVEEN HIGH YLD MUNI BND-
        67065Q772
        
          
        
        6888.65700000
        NS
        USD
        105878.66000000
        0.034297544964
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Bills
        254900HROIFWPRGM1V77
        CMB 09/13/22
        912796XV6
        
          
        
        156623000.00000000
        PA
        USD
        156126235.70000000
        50.57437059569
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2022-09-13
          Fixed
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-07-28
      Advisors Preferred Trust
      Christine Casares
      Christine Casares
      Treasurer
    
  
  XXXX

SPECTRUM LOW VOLATILITY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2022

Shares				Fair Value
	OPEN END FUNDS — 0.0%^(a)
	FIXED INCOME - 0.0%^(a)
6,889	Nuveen High Yield Municipal Bond Fund, Class I			$ 105,879

	TOTAL OPEN END FUNDS (Cost $126,376)			105,879

Principal Amount ($)		Coupon Rate (%)	Maturity
	U.S. GOVERNMENT & AGENCIES — 50.6%
	U.S. TREASURY BILLS — 50.6%
156,623,000	United States Cash Management Bill^(b)	0.0000	09/13/22	156,126,235

	TOTAL U.S. GOVERNMENT & AGENCIES (Cost $156,098,775)			156,126,235
Shares
	SHORT-TERM INVESTMENTS — 48.9%
	MONEY MARKET FUNDS - 48.9%
150,993,175	Fidelity Government Portfolio, Class I, 1.21% (Cost $150,993,175)^(c)			150,993,175

	TOTAL INVESTMENTS - 99.5% (Cost $307,218,326)			$ 307,225,289
	OTHER ASSETS IN EXCESS OF LIABILITIES- 0.5%			1,480,947
	NET ASSETS - 100.0%			$ 308,706,236

^(a)	Percentage rounds to less than 0.1%.
^(b)	Zero coupon bond.
^(c)	Rate disclosed is the seven-day effective yield as of June 30, 2022.

TOTAL RETURN SWAPS

Number of Shares	Reference Entity*	Notional Amount at June 30, 2022	Interest Rate Payable ⁽¹⁾	Termination Date	Counterparty	Unrealized Appreciation (Depreciation)
Long position:
6,365	Nuveen High Yield Municipal Bond Fund	$ 97,963	3-Mth USD LIBOR plus 150 bp	10/31/2024	BRC	$ -
20,000,000	PIMCO Government Money Market Fund	20,000,000	3-Mth USD SOFR plush 165 bp	3/8/2025	BRC	-

					Total:	$ -

BRC - Barclays Capital

  LIBOR - London Interbank Offered Rate

SOFR - Secured Overnight Financing Rate

⁽¹⁾Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specific spread.
^* Swap contract reset at June 30, 2022.

SPECTRUM ACTIVE ADVANTAGE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2022

Principal Amount ($)		Coupon Rate (%)	Maturity	Fair Value
	U.S. GOVERNMENT & AGENCIES — 82.6%
	U.S. TREASURY BILLS — 82.6%
5,019,000	United States Cash Management Bill^(a)	0.0000	09/13/22	$ 5,003,081
3,012,000	United States Cash Management Bill^(a)	0.0000	09/27/22	3,000,128
				8,003,209
	TOTAL U.S. GOVERNMENT & AGENCIES (Cost $8,002,290)			8,003,209

Shares
	SHORT-TERM INVESTMENTS — 15.8%
	MONEY MARKET FUNDS - 15.8%
763,463	Fidelity Government Portfolio, Class I, 1.21%^(b)			763,463
763,463	First American Government Obligations Fund, Class Z, 1.23%^(b)			763,463
	TOTAL MONEY MARKET FUNDS (Cost $1,526,926)			1,526,926

	TOTAL SHORT-TERM INVESTMENTS (Cost $1,526,926)			1,526,926

	TOTAL INVESTMENTS - 98.4% (Cost $9,529,216)			$ 9,530,135
	OTHER ASSETS IN EXCESS OF LIABILITIES- 1.6%			152,179
	NET ASSETS - 100.0%			$ 9,682,314

^(a)	Zero coupon bond.
^(b)	Rate disclosed is the seven-day effective yield as of June 30, 2022.

SPECTRUM UNCONSTRAINED FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2022

Shares		Fair Value
	OPEN END FUNDS — 0.1%
	FIXED INCOME - 0.1%
651	Nuveen High Yield Municipal Bond Fund, Class I	$ 10,006

	TOTAL OPEN END FUNDS (Cost $11,857)	10,006

	SHORT-TERM INVESTMENTS — 96.3%
	MONEY MARKET FUNDS - 96.3%
3,436,244	Fidelity Government Portfolio, Class I, 1.21%^(a)	3,436,244
3,436,245	First American Government Obligations Fund, Class Z, 1.23%^(a)	3,436,245
	TOTAL MONEY MARKET FUNDS (Cost $6,872,489)	6,872,489

	TOTAL SHORT-TERM INVESTMENTS (Cost $6,872,489)	6,872,489

	TOTAL INVESTMENTS - 96.4% (Cost $6,884,346)	$ 6,882,495
	OTHER ASSETS IN EXCESS OF LIABILITIES- 3.6%	253,866
	NET ASSETS - 100.0%	$ 7,136,361

^(a)	Rate disclosed is the seven day effective yield as of June 30, 2022.

TOTAL RETURN SWAPS

Number of Shares	Reference Entity*	Notional Amount at June 30, 2022	Interest Rate Payable ⁽¹⁾	Termination Date	Counterparty	Unrealized Appreciation (Depreciation)
Long position:
33,300	VanEck High Yield Muni ETF	$ 1,793,205	O/N USD SOFR plus 35 bp	6/22/2023	BRC	$ 28,371

					Total:	$ 28,371

BRC - Barclays Capital

LIBOR - London Interbank Offered Rate

O/N - Overnight, Daily Fixings

⁽¹⁾Interest rate is based upon predetermined notional amounts, which may be a multiple of the number of shares plus a specific spread.