UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-17f-1
Certificate
of Accounting of Securities and Similar
Investments of a Management Investment Company
in the Custody of Members of
National Securities Exchanges
Pursuant to Rule 17f-1 [17 CFR 270.17f-1]
| 1.
Investment Company Act File Number: Advisors Preferred Trust - 811-22756 Spectrum Low Volatility Fund |
Date
examination completed: June 29, 2026 | |||||||||||
| 2. State identification Number: | ||||||||||||
| AL | By
Fund #48456 |
AK | By
Fund Investor #6009111 |
AZ | By
Class Investor Class #MF84722 |
AR | By
Fund #60038347 |
CA | By
Trust no permit # |
CO | By
Trust #2013-52-250 |
|
| CT | By
Fund #1103940 |
DE | By
Fund no permit |
DC | By
Class Investor Class #60073444 |
FL | None required | GA | By
Trust #MFO49318 |
HI | By
Fund no permit |
|
| ID | By
Fund Low Volatility #79073 |
IL | By
Trust #60027229 |
IN | By
Trust #13-0029IC |
IA | By
Class Investor Class #I-108970 |
KS | By
Fund #2018S0001096 |
KY | By
Prospectus #60451097 |
|
| LA | By
Prospectus #170562 |
ME | By
Class Investor Class #10065419 |
MD | By
Class Investor Class #SM 120152440 |
MA | By
Class Investor Class #60185334 |
MI | By
Class Investor Class #985582 |
MN | By
Trust #R-55307.1 Exemption No permit # |
|
| MS | By
Class Investor Class #60066861 |
MO | By
Fund no permit |
MT | By
Class Investor Class #270386 |
NE | By
Class Investor Class #121856 |
NV | By
Fund no permit # |
NH | By
Class Investor Class #MF20-0083612 |
|
| NJ | By
Prospectus #MF 18494 |
NM | By
Class Investor Class #60440 |
NY | By
Fund #S33-49-70 |
NC | By
Trust no permit # |
ND | By
Class Investor Class #MF20-0374 |
OH | By
Prospectus #BE1962849 |
|
| OK | By
Class Investor Class #SE-2247136 |
OR | By
Fund #2020-617 |
PA | By
Trust #2013-02-070MF |
RI | By
Fund no permit # |
SC | By
Fund #MF 21458 |
SD | By
Class Investor Class #81761 |
|
| TN | By
Class Investor Class #RN2023B-0801 |
TX | By
Class Investor Class #C 106625 |
UT | By
Prospectus #007-5859-59 |
VT | By
Class Investor Class #7/07/20-07 |
VA | By
Trust #183038 |
WA | By
Class Investor Class #60066958 |
|
| WV | By
Class Investor Class #106983 |
WI | By
Class Investor Class #772165 |
WY | By
Trust no permit # |
PR | By
Class Investor Class #60347-0 |
GU | By
Trust #2018-10728 |
VI | By
Trust Not registered |
|
| Other (specify): | ||||||||||||
| 3. Exact name of investment company as specified in registration statement: Spectrum Low Volatility Fund, a series of the Advisors Preferred Trust | ||||||||||||
| 4. Address of principal executive office (number, street, city, state, zip code): 1445 Research Boulevard, Suite 530, Rockville, MD 20850 | ||||||||||||
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-17f-1
Certificate
of Accounting of Securities and Similar
Investments of a Management Investment Company
in the Custody of Members of
National Securities Exchanges
Pursuant to Rule 17f-1 [17 CFR 270.17f-1]
| 1.
Investment Company Act File Number: Advisors Preferred Trust - 811-22756 Spectrum Unconstrained Fund |
Date
examination completed: June 29, 2026 | |||||||||||
| 2. State identification Number: | ||||||||||||
| AL | By
Fund # 61998 |
AK | By
Fund Investor not registered |
AZ | By
Class Investor Class not registered |
AR | By
Fund not registered |
CA | By
Trust #ORG 109463 |
CO | By
Trust #2013-52-250 |
|
| CT | By
Fund #1113776 |
DE | By
Fund not registered |
DC | By
Class Investor Class not registered |
FL | None required | GA | By
Trust #SC-MF-049318 |
HI | By
Fund no registered |
|
| ID | By
Fund not registered |
IL | By
Trust #60027229 |
IN | By
Trust #FCS - P - 002295 |
IA | By
Class not registered |
KS | By
Fund not registered |
KY | By
Prospectus Not registered |
|
| LA | By
Prospectus Not registered |
ME | By
Class not registered |
MD | By
Class not registered |
MA | By
Class not registered |
MI | By
Class not registered |
MN | By
Trust #R-55307.1By Exemption |
|
| MS | By
Class not registered |
MO | By
Fund not registered |
MT | By
Class not registered |
NE | By
Class not registered |
NV | By
Fund not registered |
NH | By
Class not registered |
|
| NJ | By
Prospectus not registered |
NM | By
Class Investor Class #72692 |
NY | By
Fund #S34-63-95 |
NC | By
Trust No Permit |
ND | By
Class Not registered |
OH | By
Prospectus #BE1962849 |
|
| OK | By
Class Not registered |
OR | By
Fund #2021-2247 |
PA | By
Trust #2013-02-070MF |
RI | By
Fund not registered |
SC | By
Fund Not registered |
SD | By
Class Not registered |
|
| TN | By
Class Not registered |
TX | By
Class Investor Class #C 129956 |
UT | By
Prospectus #007-5859-59 |
VT | By
Class Not registered |
VA | By
Trust #183038 |
WA | By
Class not registered |
|
| WV | By
Class Not registered |
WI | By
Class Not registered |
WY | By
Trust no permit # |
PR | By
Class Not registered |
GU | By
Trust #2018-10728 |
VI | By
Trust no permit |
|
| Other (specify): | ||||||||||||
| 3. Exact name of investment company as specified in registration statement: Spectrum Unconstrained Fund, a series of the Advisors Preferred Trust | ||||||||||||
| 4. Address of principal executive office (number, street, city, state, zip code): 1445 Research Boulevard, Suite 530, Rockville, MD 20850 | ||||||||||||
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-17f-1
Certificate
of Accounting of Securities and Similar
Investments of a Management Investment Company
in the Custody of Members of
National Securities Exchanges
Pursuant to Rule 17f-1 [17 CFR 270.17f-1]
| 1.
Investment Company Act File Number: Advisors Preferred Trust - 811-22756 Spectrum Active Advantage Fund |
Date
examination completed: June 29, 2026 | |||||||||||
| 2. State identification Number: | ||||||||||||
| AL | By
Fund # 61998 |
AK | By
Fund Investor not registered |
AZ | By
Class Investor Class not registered |
AR | By
Fund not registered |
CA | By
Trust #ORG 109463 |
CO | By
Trust #2013-52-250 |
|
| CT | By
Fund #1113776 |
DE | By
Fund not registered |
DC | By
Class Investor Class not registered |
FL | None required | GA | By
Trust #SC-MF-049318 |
HI | By
Fund no registered |
|
| ID | By
Fund not registered |
IL | By
Trust #60027229 |
IN | By
Trust #FCS - P - 002295 |
IA | By
Class not registered |
KS | By
Fund not registered |
KY | By
Prospectus #60451097 |
|
| LA | By
Prospectus #170562 |
ME | By
Class not registered |
MD | By
Class Investor Class #SM20210269 |
MA | By
Class not registered |
MI | By
Class not registered |
MN | By
Trust #R-55307.1By Exemption |
|
| MS | By
Class not registered |
MO | By
Fund not registered |
MT | By
Class not registered |
NE | By
Class not registered |
NV | By
Fund not registered |
NH | By
Class not registered |
|
| NJ | By
Prospectus #MF18494 |
NM | By
Class Not Registered |
NY | By
Fund #S34-63-95 |
NC | By
Trust No Permit |
ND | By
Class Not registered |
OH | By
Prospectus #BE1962849 |
|
| OK | By
Class Not registered |
OR | By
Fund #2021-2247 |
PA | By
Trust #2013-02-070MF |
RI | By
Fund not registered |
SC | By
Fund Not registered |
SD | By
Class Not registered |
|
| TN | By
Class Not registered |
TX | By
Class Investor Class #C 129956 |
UT | By
Prospectus #007-5859-59 |
VT | By
Class Not registered |
VA | By
Trust #183038 |
WA | Not registered | |
| WV | By
Class Not registered |
WI | By
Class Not registered |
WY | By
Trust no permit # |
PR | By
Class Not registered |
GU | By
Trust #2018-10728 |
VI | By
Trust no permit |
|
| Other (specify): | ||||||||||||
| 3. Exact name of investment company as specified in registration statement: Spectrum Unconstrained Fund, a series of the Advisors Preferred Trust | ||||||||||||
| 4. Address of principal executive office (number, street, city, state, zip code): 1445 Research Boulevard, Suite 530, Rockville, MD 20850 | ||||||||||||
MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN
PROVISIONS OF THE INVESTMENT COMPANY ACT OF 1940
June 29, 2026
We, as members of management of Spectrum Low Volatility Fund, Spectrum Active Advantage Fund and Spectrum Unconstrained Fund (the Funds), each a series of Advisors Preferred Trust, are responsible for complying with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1, Custody of Securities with Members of National Securities Exchanges, of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds compliance with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1 as of March 31, 2026, and from September 30, 2025, through March 31, 2026.
Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1 for the Investment Company Act of 1940 as of March 31, 2026, and from September 30, 2025, through March 31, 2026, with respect to securities reflected in the investment account of each Fund.
Spectrum
Low Volatility Fund
Spectrum Active Advantage Fund
Spectrum Unconstrained Fund
| /s/ | ||
| Catherine Ayers-Rigsby, Principal Executive Officer | ||
| /s/ | ||
| Christine Casares, Principal Financial Officer | ||
Report of Independent Public Accountant
To the Board of Trustees of
Advisors Preferred Trust
We have examined managements assertion, included in the accompanying Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940, that Spectrum Low Volatility Fund, Spectrum Active Advantage Fund, and Spectrum Unconstrained Fund (the Funds), each a series of Advisors Preferred Trust, complied with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1 under the Investment Company Act of 1940 (the Act) (the specified requirements) as of March 31, 2026. The Funds management is responsible for its assertion. Our responsibility is to express an opinion on managements assertion about the Funds compliance with the specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the AICPA. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether managements assertion about compliance with the specified requirements is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about whether managements assertion is fairly stated in all material respects. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material misstatement of managements assertion, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement.
Included among our procedures were the following tests performed as of March 31, 2026, and with respect to agreement of security purchases and sales, for the period from September 30, 2025 (the date of our last examination), through March 31, 2026:
| ● | Confirmation of all securities held by institutions in book entry form at National Financial Services, LLC (NFS) |
| ● | Confirmation of all securities hypothecated, pledged, placed in escrow, or out for transfer with brokers, pledgees, or transfer agents |
| ● | Reconciliation of all such securities to the books and records of the Funds and NFS |
| ● | Agreement of fourteen security purchases and eleven security sales or maturities since our last report from the books and records of the Funds to broker confirmations |
Our examination does not provide a legal determination on the Funds compliance with specified requirements.
In our opinion, managements assertion that Spectrum Low Volatility Fund, Spectrum Active Advantage Fund, and Spectrum Unconstrained Fund complied with the requirements of subsections (b)(1) and
(b)(6) of Rule 17f-1 of the Investment Company Act of 1940 as of March 31, 2026, with respect to securities reflected in the investment account of the Funds is fairly stated, in all material respects.
This report is intended solely for the information and use of management and the Board of Trustees of Advisors Preferred Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
| /s/ | ||
| COHEN & COMPANY, LTD. | ||
| Cleveland, Ohio | ||
| June 29, 2026 | ||