0001752724-23-201417.txt : 20230912 0001752724-23-201417.hdr.sgml : 20230912 20230912140154 ACCESSION NUMBER: 0001752724-23-201417 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230912 DATE AS OF CHANGE: 20230912 EFFECTIVENESS DATE: 20230912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Advisors Preferred Trust CENTRAL INDEX KEY: 0001556505 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22756 FILM NUMBER: 231249645 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 0001556505 S000041789 Quantified Managed Income Fund C000129682 Quantified Managed Income Fund Investor Class Shares QBDSX C000159195 Quantified Managed Income Fund Advisor Class Shares QBDAX 0001556505 S000041791 Quantified Market Leaders Fund C000129684 Quantified Market Leaders Fund Investor Class Shares QMLFX C000159197 Quantified Market Leaders Fund Advisor Class Shares QMLAX 0001556505 S000041792 Quantified Alternative Investment Fund C000129685 Quantified Alternative Investment Fund Investor Class Shares QALTX C000159198 Quantified Alternative Investment Fund Advisor Class Shares QALAX 0001556505 S000051349 Quantified STF Fund C000161884 Quantified STF Fund Advisor Class Shares QSTAX C000161885 Quantified STF Fund Investor Class Shares QSTFX 0001556505 S000066115 Quantified Common Ground Fund C000213660 Quantified Common Ground Fund Investor Class Shares QCGDX 0001556505 S000066116 Quantified Evolution Plus Fund C000213662 Quantified Evolution Plus Fund Investor Class Shares QEVOX 0001556505 S000066117 Quantified Pattern Recognition Fund C000213664 Quantified Pattern Recognition Fund Investor Class Shares QSPMX 0001556505 S000066118 Quantified Tactical Fixed Income Fund C000213666 Quantified Tactical Fixed Income Fund Investor Class Shares QFITX 0001556505 S000071104 Quantified Tactical Sectors Fund C000225736 Quantified Tactical Sectors Fund Investor Class Shares QTSSX 0001556505 S000071457 Quantified Government Income Tactical Fund C000226634 Quantified Government Income Tactical Fund Investor Class Shares QGITX 0001556505 S000071458 Quantified Rising Dividend Tactical Fund C000226637 Quantified Rising Dividend Tactical Fund Investor Class Shares QRDTX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001556505 XXXXXXXX 811-22756 false false false N-1A S000066115 C000213660 S000041791 C000159197 C000129684 S000066116 C000213662 S000041792 C000159198 C000129685 S000066118 C000213666 S000051349 C000161884 C000161885 S000041789 C000129682 C000159195 S000071457 C000226634 S000071458 C000226637 S000071104 C000225736 S000066117 C000213664 Advisors Preferred Trust 811-22756 0001556505 549300VBL7C31PY2VZ37 1445 Research Blvd. Suite 530 Rockville 20850 US-MD US 855-647-8268 Ultimus Fund Solutions LLC 225 Pictoria Drive Suite 450 Cincinnatti 45246 631-470-2719 Fund Accounting and Transfer Agent Records N N N-1A 22 Y David Feldman N/A N Catherine Ayers-Rigsby N/A Y Charles R. Ranson N/A N Brian S. Humphrey N/A Y Felix Rivera N/A N Angela Holland 004420688 1445 Research Blvd. Suite 530 Rockville 20850 XXXXXX N N N N N N Ceros Financial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 Y N Cohen & Company 925 N/A N N N N N N Quantified Common Ground Fund S000066115 5493004PINRU41OQOB51 N 1 0 0 N/A Y N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Cash collateral reinvestment fee Revenue sharing split 11661464.91000000 17442.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 17e-1 (17 CFR 270.17e-1) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 289763.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 289763.00000000 289763.00000000 0.00000000 N 82623769.00000000 0.00000000 Uncommitted 15000000.00000000 N N N Quantified Market Leaders Fund S000041791 549300QSRK424ULUJS68 N 2 0 0 Fund of Funds N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Cash collateral reinvestment fee Revenue sharing split 35435553.75000000 86860.00000000 Rule 17e-1 (17 CFR 270.17e-1) Rule 18f-4 (17 CFR 270.18f-4) Rule 32a-4 (17 CFR 270.32a-4) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 315078.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 315078.00000000 315078.00000000 0.00000000 N 225498537.00000000 0.00000000 N N N N Quantified Evolution Plus Fund S000066116 549300YUGEUAX6TKYC84 N 1 0 0 Fund of Funds N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Cash collateral reinvestment fee Revenue sharing split 21635.02000000 1611.00000000 Rule 17e-1 (17 CFR 270.17e-1) Rule 18f-4 (17 CFR 270.18f-4) Rule 32a-4 (17 CFR 270.32a-4) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 10197.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 10197.00000000 10197.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 7069782.00000000 7069782.00000000 N 74971133.00000000 0.00000000 N N N N Quantified Alternative Investment Fund S000041792 549300JVX0RHVG4MGO93 N 2 0 0 Fund of Funds N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Cash collateral reinvestment fee Revenue sharing split 633497.27000000 22790.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 17e-1 (17 CFR 270.17e-1) Rule 18f-4 (17 CFR 270.18f-4) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 20973.00 U.S. Bancorp Asset Management, Inc. N/A 000111912 8KUMV9EIJ75IBFMLFD23 25.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 20973.00000000 20998.00000000 U.S. Bancorp Asset Management, Inc. N/A 000111912 8KUMV9EIJ75IBFMLFD23 20321.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 32482755.00000000 32503076.00000000 N 11681389.00000000 0.00000000 Uncommitted 15000000.00000000 N N N Quantified Tactical Fixed Income Fund S000066118 54930065JS1HIWOMBS45 N 1 0 0 N/A N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Cash collateral reinvestment fee Revenue sharing split 499874.81000000 4263.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 17e-1 (17 CFR 270.17e-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 8895.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 8895.00000000 8895.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 11080227.00000000 11080227.00000000 N 117079619.00000000 0.00000000 N N N N Quantified STF Fund S000051349 549300GDSYC6XA4O0L88 N 2 0 0 Fund of Funds N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Cash collateral reinvestment fee Revenue sharing split 589125.89000000 1695.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 32a-4 (17 CFR 270.32a-4) Rule 17e-1 (17 CFR 270.17e-1) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 11923.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 11923.00000000 11923.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 12000000.00000000 12000000.00000000 N 135500091.00000000 0.00000000 N N N N Quantified Managed Income Fund S000041789 5493000BY1HI4XV6HL42 N 2 0 0 Fund of Funds N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Cash collateral reinvestment fee Revenue sharing split 22108255.25000000 423044.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 32a-4 (17 CFR 270.32a-4) Rule 17e-1 (17 CFR 270.17e-1) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 208585.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 208585.00000000 208585.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 17640935.00000000 17640935.00000000 N 162666645.00 0.00000000 Uncommitted 15000000.00000000 N N N N Quantified Government Income Tactical Fund S000071457 549300YXWGYCGRSHLY66 N 1 0 0 Fund of Funds N N Y N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N N/A 0.00000000 0.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 17e-1 (17 CFR 270.17e-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 6751.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 6751.00000000 6751.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 7000000.00000000 7000000.00000000 N 40605970.00000000 0.00000000 N N N N Quantified Rising Dividend Tactical Fund S000071458 549300EBDDL0V0G8IE17 N 1 0 0 Fund of Funds N N Y N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N N/A 0.00000000 0.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 17e-1 (17 CFR 270.17e-1) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 16151.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 16151.00000000 16151.00000000 0.00000000 N 31119125.00000000 0.00000000 N N N N Quantified Tactical Sectors Fund S000071104 5493009X40FY0296X247 N 1 0 0 Fund of Funds Y N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Revenue sharing split Cash collateral reinvestment fee 22318965.71000000 49472.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 17e-1 (17 CFR 270.17e-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 105972.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 105972.00000000 105972.00000000 0.00000000 N 104616123.00000000 0.00000000 N N N N Quantified Pattern Recognition Fund S000066117 549300E5MRLTWDUO0W63 N 1 0 0 Fund of Funds N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Revenue sharing split Cash collateral reinvestment fee 16242.89000000 1276.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 32a-4 (17 CFR 270.32a-4) Rule 17e-1 (17 CFR 270.17e-1) N N N N Advisors Preferred, LLC 801-72430 000157980 549300TRU3LKQM6T8K44 N Flexible Plan Investments, Ltd. 801-21073 000110762 N/A N N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A Filing Number N N U.S. BANK, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ultimus Fund Solutions, LLC 84-05829 Filing Number N N N Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 1285.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 1285.00000000 1285.00000000 Ceros Finacial Services, Inc. 8-47955 000037869 549300N2YQ0P5G0WE562 8000000.00000000 8000000.00000000 N 31195508.00000000 0.00000000 N N N N true INTERNAL CONTROL RPT 2 ICL_Quantified.txt NCEN LETTER REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders of Quantified Funds and Board of Trustees of Advisors Preferred Trust In planning and performing our audit of the financial statements of Quantified Managed Income Fund, Quantified Market Leaders Fund, Quantified Alternative Investment Fund, Quantified STF Fund, Quantified Pattern Recognition Fund, Quantified Tactical Fixed Income Fund, Quantified Common Ground Fund, Quantified Tactical Sectors Fund, Quantified Rising Dividend Tactical Fund, Quantified Government Income Tactical Fund, and the consolidated financial statements of Quantified Evolution Plus Fund (the Funds), each a series of Advisors Preferred Trust, as of and for the year ended June 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds internal control over financial reporting. Accordingly, we express no such opinion. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A funds internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A funds internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a funds assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of June 30, 2023. This report is intended solely for the information and use of management and the Board of Trustees of the Funds 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. Philadelphia, Pennsylvania August 29, 2023