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Form NPORT-P Advisors Preferred Trust For: May 31

July 29, 2021 2:35 PM EDT

  
    NPORT-P
    false
    
      
      
        
          0001556505
          XXXXXXXX
        
      
      
      
      
        S000065875
        C000212831
        C000212830
      
      
    
  
  
    
      Advisors Preferred Trust
      811-22756
      0001556505
      549300VBL7C31PY2VZ37
      1445 RESEARCH BOULEVARD
      SUITE 530
      ROCKVILLE
      
      20850
      240-223-1998
      Hundredfold Select Alternative Fund
      S000065875
      549300074VHDTO26DF48
      2021-08-31
      2021-05-31
      N
    
    
      411419442.23
      88122475.84
      323296966.39
      0.00000000
      21854372.89999999
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      9543706.40000000
      
        
          USD
          
          
        
      
      
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
    
    
      
        Mutual Fund Series Trust
        5493002ZGLQMLR4QMA96
        ALPHAC-INC OP-I
        62827M144
        
          
        
        772314.22100000
        NS
        USD
        8982014.39000000
        2.778255079314
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        N/A
        N/A
        INVESCO SHORT DUR IN
        N/A
        
          
        
        22603.97800000
        NS
        USD
        -226.04000000
        -0.00006991714
        Long
        DO
        
        US
        N
        
        2
        
          
            
              CANADIAN IMPERIAL BANK OF COMM
              N/A
            
            
              
                Invesco Short Duration Inflation Protected Fund
                Invesco Short Duration Inflation Protected Fund Class Y
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2022-06-30
            0.00000000
            USD
            0.00000000
            USD
            -250000.00000000
            USD
            -226.04000000
          
        
        
          N
          N
          N
        
      
      
        Virtus Asset Trust
        N/A
        VRTS-FL RT H-R6
        92837F755
        
          
        
        3613736.72800000
        NS
        USD
        29777190.64000000
        9.210476353211
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CHICAGO BOARD OF TRADE
        549300EX04Q2QBFQTQ27
        SOYBEAN FUTURE    Jul21
        N/A
        
          
        
        202.00000000
        NC
        USD
        696750.00000000
        0.215513930668
        Long
        DCO
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                N/A
                CBOT Soybean Future
                
                  
                
              
            
            2021-07-14
            14761300.00000000
            USD
            696750.00000000
          
        
        
          N
          N
          N
        
      
      
        FIRST AMERN FDS INC
        N/A
        FRST AM-GV OB-X
        31846V336
        
          
        
        13194254.99000000
        PA
        USD
        13194254.99000000
        4.081156447995
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CME GLOBEX
        N/A
        E-Mini Russ 2000  Jun21
        N/A
        
          
        
        578.00000000
        NC
        USD
        2270560.01000000
        0.702314047469
        Long
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                RUSSELL 2000 INDEX
                RTY
              
            
            2021-06-18
            63291979.99000000
            USD
            2270560.01000000
          
        
        
          N
          N
          N
        
      
      
        Doubleline Fds Tr
        549300MUFFXFRMY0RH66
        DBL-FLX INC-I
        258620798
        
          
        
        2082225.31600000
        NS
        USD
        20197585.57000000
        6.247378623910
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        N/A
        N/A
        PIMCO INCOME FUND IN
        N/A
        
          
        
        1469423.94000000
        NS
        USD
        176330.87000000
        0.054541455173
        Long
        DO
        
        US
        N
        
        2
        
          
            
              BARCLAYS
              N/A
            
            
              
                PIMCO Income Fund Institutional Class
                PIMCO Income Fund Institutional Class
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2049-12-31
            0.00000000
            USD
            0.00000000
            USD
            -17589004.56550000
            USD
            176330.87000000
          
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        PIMCO LOW DUR INCOME
        N/A
        
          
        
        2028720.25000000
        NS
        USD
        60861.62000000
        0.018825298820
        Long
        DO
        
        US
        N
        
        2
        
          
            
              BARCLAYS
              N/A
            
            
              
                PIMCO Low Duration Income Fund
                PIMCO Low Duration Income Fund Institutional Class
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2049-12-31
            0.00000000
            USD
            0.00000000
            USD
            -17589004.56570000
            USD
            60861.62000000
          
        
        
          N
          N
          N
        
      
      
        Axonic Funds
        N/A
        AXNC-STR INC-I
        05465G101
        
          
        
        2151733.50900000
        NS
        USD
        21474300.42000000
        6.642283303733
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Fidelity Institutional Cash Portfolios
        549300SHPEJB1OPRCV46
        FID-MM GOVT-I
        316175108
        
          
        
        34118531.23000000
        PA
        USD
        34118531.23000000
        10.55331004524
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CHICAGO BOARD OF TRADE
        549300EX04Q2QBFQTQ27
        CORN FUTURE       Jul21
        N/A
        
          
        
        527.00000000
        NC
        USD
        1798050.22000000
        0.556160560390
        Long
        DCO
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                N/A
                CBOT Corn Future
                
                  
                
              
            
            2021-07-14
            15507312.28000000
            USD
            1798050.22000000
          
        
        
          N
          N
          N
        
      
      
        Microstrategy Incorporated
        549300WQTWEJUEHXQX21
        MICROSTRATEGY
        594972408
        
          
        
        2050.00000000
        NS
        USD
        963500.00000000
        0.298023210906
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Columbia Funds Series Trust II Massachusetts
        549300ETFU8G7TK7WT48
        CLM-MRTG OPP-I3
        19766J383
        
          
        
        1944936.87100000
        NS
        USD
        21141463.79000000
        6.539332560422
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ICE FUTURES U.S.
        5493004R83R1LVX2IL36
        SUGAR #11 (WORLD) Jul21
        N/A
        
          
        
        821.00000000
        NC
        USD
        1026491.44000000
        0.317507291040
        Long
        DCO
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                N/A
                NYBOT CSC Number 11 World Suga
                
                  
                
              
            
            2021-06-30
            14936375.76000000
            USD
            1026491.44000000
          
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        EATON VANCE FLT RT A
        N/A
        
          
        
        1604217.46100000
        NS
        USD
        64168.70000000
        0.019848222121
        Long
        DO
        
        US
        N
        
        2
        
          
            
              BARCLAYS
              N/A
            
            
              
                Eaton Vance Floating-Rate Advantage Fund
                Eaton Vance Floating-Rate Advantage Fund Class R6
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2049-12-31
            0.00000000
            USD
            0.00000000
            USD
            -16844283.34300000
            USD
            64168.70000000
          
        
        
          N
          N
          N
        
      
      
        COMMODITIES EXCHANGE CENTER
        N/A
        GOLD 100 OZ FUTR  Aug21
        N/A
        
          
        
        130.00000000
        NC
        USD
        -2600.00000000
        -0.00080421416
        Long
        DCO
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                N/A
                COMEX Gold 100 Troy Ounces Fut
                
                  
                
              
            
            2021-08-27
            24771500.00000000
            USD
            -2600.00000000
          
        
        
          N
          N
          N
        
      
      
        Nuveen Municipal
        549300D2RECSQKX7NC33
        NUVEEN HIGH YLD MUNI BND-
        67065Q772
        
          
        
        1034103.41000000
        NS
        USD
        18944774.47000000
        5.859867688070
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CME GLOBEX
        N/A
        JPN YEN CURR FUT  Jun21
        N/A
        
          
        
        -207.00000000
        NC
        USD
        119275.00000000
        0.036893324837
        Short
        DFE
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Short
            
              
                N/A
                CME Japanese Yen Currency Futu
                
                  
                
              
            
            2021-06-14
            -23690106.25000000
            USD
            119275.00000000
          
        
        
          N
          N
          N
        
      
      
        Pimco Fds
        5493000QG7HX2Z070R94
        PIMCO-PR & C-INS
        72202E682
        
          
        
        2659478.88600000
        NS
        USD
        30158490.57000000
        9.328417432045
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        N/A
        N/A
        CREDIT SUISSE FL RT
        N/A
        
          
        
        2654723.12700000
        NS
        USD
        106188.93000000
        0.032845631428
        Long
        DO
        
        US
        N
        
        2
        
          
            
              BARCLAYS
              N/A
            
            
              
                Credit Suisse Floating Rate High Income Fund
                Credit Suisse Floating Rate High Income Fund Institutional Class 
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2049-12-31
            0.00000000
            USD
            0.00000000
            USD
            -17494625.40700000
            USD
            106188.93000000
          
        
        
          N
          N
          N
        
      
      
        ICE FUTURES U.S.
        5493004R83R1LVX2IL36
        MSCI EmgMkt       Jun21
        N/A
        
          
        
        355.00000000
        NC
        USD
        481584.99000000
        0.148960565692
        Long
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                ICE US MSCI Emerging Markets E
                MXEF
              
            
            2021-06-18
            23674390.01000000
            USD
            481584.99000000
          
        
        
          N
          N
          N
        
      
      
        CME GLOBEX
        N/A
        LEAN HOGS FUTURE  Jun21
        N/A
        
          
        
        358.00000000
        NC
        USD
        2379170.05000000
        0.735908560035
        Long
        DCO
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                N/A
                CME Lean Hogs Future
                
                  
                
              
            
            2021-06-14
            14411029.95000000
            USD
            2379170.05000000
          
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        THORNBURG STRATEGIC
        N/A
        
          
        
        804505.22900000
        NS
        USD
        48270.31000000
        0.014930641180
        Long
        DO
        
        US
        N
        
        2
        
          
            
              BARCLAYS
              N/A
            
            
              
                Thornburg Strategic Income Fund
                Thornburg Strategic Income Fund Class I
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2049-02-06
            0.00000000
            USD
            0.00000000
            USD
            -9903459.37200000
            USD
            48270.31000000
          
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        ALPHACENTRIC INC OPP
        N/A
        
          
        
        875656.74300000
        NS
        USD
        105078.82000000
        0.032502259818
        Long
        DO
        
        US
        N
        
        2
        
          
            
              Barclays
              N/A
            
            
              
                AlphaCentric Income Opportunities Fund
                AlphaCentric Income Opportunities Fund
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2021-09-30
            0.00000000
            USD
            0.00000000
            USD
            -10078809.10700000
            USD
            105078.82000000
          
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        PIMCO PREFERRED CAP
        N/A
        
          
        
        88183.42200000
        NS
        USD
        0.01000000
        0.000000003093
        Long
        DO
        
        US
        N
        
        2
        
          
            
              Canadian Imperial Bank of Commerce
              N/A
            
            
              
                PIMCO Preferred and Capital Securities Fund
                PIMCO Preferred and Capital Securities Fund Institutional Class
                
                  
                
              
            
            Y
            Performance
            
              
                
              
            
            2019-03-11
            0.00000000
            USD
            0.00000000
            USD
            -1000000.00000000
            USD
            0.01000000
          
        
        
          N
          N
          N
        
      
      
        CDX.NA.HY Series 36
        N/A
        CDXHY36 6/20/2026
        N/A
        
          
        
        -32000000.00000000
        PA
        USD
        3105024.00000000
        0.960424724881
        Long
        DCR
        CORP
        N/A
        
        N
        
        2
        
          
            
              CREDIT SUISSE
              N/A
            
            
              
                CDX.NA.HY Series 35
                CDX.NA.HY Series 36
              
            
            Y
            
            N/A
            2026-06-20
            3094091.94000000
            USD
            0.00000000
            USD
            -32000000.00000000
            USD
            10932.06000000
          
        
        
          N
          N
          N
        
      
      
        Investment Managers Series Trust
        2549009YD5ABPHX2QW05
        BRADDOCK-M/S-INS
        46141Q584
        
          
        
        1792665.13100000
        NS
        USD
        13140235.41000000
        4.064447482055
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CHICAGO MERCANTILE EXCHANGE (FLOOR)
        N/A
        NASDAQ 100 E-MINI Jun21
        N/A
        
          
        
        119.00000000
        NC
        USD
        720104.96000000
        0.222737926693
        Long
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              ADM INVESTOR SERVICES
              N/A
            
            Long
            
              
                CME E-Mini NASDAQ 100 Index Fu
                NDX
              
            
            2021-06-18
            31853765.04000000
            USD
            720104.96000000
          
        
        
          N
          N
          N
        
      
      
        Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds)
        SW0MHD1146AQ1M76HG37
        INV-RC MUN OP-R6
        00141W885
        
          
        
        1614593.79000000
        NS
        USD
        13207377.20000000
        4.085215319981
        Long
        EC
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United States Treasury Bills
        254900HROIFWPRGM1V77
        B 08/12/21
        9127964B2
        
          
        
        75000000.00000000
        PA
        USD
        74998687.50000000
        23.19807956673
        Long
        DBT
        UST
        US
        
        N
        
        2
        
          2021-08-12
          Fixed
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
    
    
      2021-06-28
      Advisors Preferred Trust
      Christine Casares
      Christine Casares
      Treasurer
    
  
  XXXX



 

HUNDREDFOLD SELECT ALTERNATIVE FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)
May 31, 2021
 
Shares             Fair Value
    COMMON STOCKS — 0.3%      
    SOFTWARE - 0.3%      
2,050     MicroStrategy, Inc., Class A(a)       $   963,500  
             
    TOTAL COMMON STOCKS (Cost $1,001,422)     963,500  
               
Shares             Fair Value
    OPEN END FUNDS — 54.8%      
    ALTERNATIVE - 6.3%      
2,089,351     DoubleLine Flexible Income Fund       20,266,705  
             
    FIXED INCOME - 48.5%      
774,971     AlphaCentric Income Opportunities Fund, Class I       9,012,907  
2,151,734     Axonic Strategic Income Fund, Class I       21,474,300  
1,797,936     Braddock Multi-Strategy Income Fund, Institutional Class       13,178,867  
1,944,937     Columbia Mortgage Opportunities Fund       21,141,464  
1,617,411     Invesco Rochester Municipal Opportunities Fund, Class R6       13,230,419  
1,034,103     Nuveen High Yield Municipal Bond Fund, Class I       18,944,774  
2,659,479     PIMCO Preferred and Capital Security Fund, Institutional Class       30,158,491  
3,623,665     Virtus Seix Floating Rate High Income Fund, Class R6       29,859,004  
              157,000,226
               
    TOTAL OPEN END FUNDS (Cost $171,397,006)     177,266,931
               
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    U.S. GOVERNMENT & AGENCIES — 23.2%      
    U.S. TREASURY BILLS23.2%      
75,000,000   United States Treasury Bill(b)   08/12/21 74,998,688  
             
  TOTAL U.S. GOVERNMENT & AGENCIES (Cost $74,999,625)     74,998,688  
             
Shares             Fair Value
    SHORT-TERM INVESTMENTS — 13.6%      
    MONEY MARKET FUNDS - 13.6%      
30,618,531     Fidelity Government Portfolio, Institutional Class, 0.01%(c)       30,618,531  
13,194,255     First American Government Obligations Fund, Class X, 0.03%(c)       13,194,255  

 

 

HUNDREDFOLD SELECT ALTERNATIVE FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2021
 
Shares             Fair Value
    SHORT-TERM INVESTMENTS — 13.6% (Continued)      
    MONEY MARKET FUNDS - 13.6%  (Continued)      
    TOTAL MONEY MARKET FUNDS (Cost $43,812,786)   $      43,812,786
               
    TOTAL SHORT-TERM INVESTMENTS (Cost $43,812,786)   43,812,786  
         
    TOTAL INVESTMENTS - 91.9% (Cost $291,210,839)     $   297,041,905
    OTHER ASSETS IN EXCESS OF LIABILITIES - 8.1%     26,254,998  
    NET ASSETS - 100.0%         $   323,296,903
           
OPEN FUTURES CONTRACTS        
Number of Contracts   Open Long Futures Contracts     Expiration Notional Amount(d) Unrealized Appreciation/ (Depreciation)
527     CBOT Corn Future(e)   07/14/2021 $   17,305,363   $   1,798,051  
202     CBOT Soybean Future(e)   07/14/2021 15,458,050   696,750  
119     CME E-Mini NASDAQ 100 Index Future   06/18/2021 32,573,870   720,105  
578     CME E-mini Russell 2000 Index Future   06/18/2021 65,562,539   2,270,559  
358     CME Lean Hogs Future(e)   06/14/2021 16,790,200   2,379,170  
130     COMEX Gold 100 Troy Ounces Future(e)   08/27/2021 24,768,900       (2,600 )
355     ICE US MSCI Emerging Markets EM Index Future   06/18/2021 24,155,975   481,585  
821     NYBOT CSC Number 11 World Sugar Future(e)   06/30/2021 15,962,867   1,026,491  
    TOTAL LONG FUTURES CONTRACTS   $   9,370,111  
         
OPEN FUTURES CONTRACTS        
Number of Contracts   Open Short Futures Contracts     Expiration Notional Amount(d) Unrealized Appreciation
207     CME Japanese Yen Currency Future   06/14/2021 $   23,570,831   $   119,275  
    TOTAL SHORT FUTURES CONTRACTS  
         
   

 

 

 

 

HUNDREDFOLD SELECT ALTERNATIVE FUND
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2021

 

 

 

TOTAL RETURN SWAPS        
Description   Counterparty Notional Value Interest Rate (f) Maturity Date Unrealized Appreciation/(Depreciation)
AlphaCentric Income Opportunities Fund, Class I Barclays $   10,078,809   3-Mth USD_LIBOR plus 150 bps 6/30/2022 $   77,582  
Credit Suisse Floating Rate High Income Fund, Institutional Class Barclays 17,494,625   3-Mth USD_LIBOR plus 185 bps 6/30/2022 96,968  
Eaton Vance Floating-Rate Advantage Fund, Class R6 Barclays 16,844,283   3-Mth USD_LIBOR plus 150 bps 6/30/2022 67,614  
Invesco Short Duration Inflation Protected Fund, Class Y CIBC 250,000   3-Mth USD_LIBOR plus 185 bps 6/27/2022 (226)  
PIMCO Income Fund, Institutional Class Barclays 17,589,005   3-Mth USD_LIBOR plus 150 bps 6/30/2022 184,605  
PIMCO Low Duration Income Fund, Institutional Class Barclays 17,589,005   3-Mth USD_LIBOR plus 150 bps 6/30/2022 50,933  
PIMCO Preferred and Capital Security Fund, Institutional Class CIBC 1,000,000   3-Mth USD_LIBOR plus 185 bps 6/28/2022 0  
Thornburg Strategic Income Fund, Class I Barclays 9,903,459   3-Mth USD_LIBOR plus 150 bps 6/30/2022 55,090  
TOTAL       $   532,566  
 

 

 

 

CREDIT DEFAULT SWAP AGREEMENTS – PROTECTION SOLD: (CENTRALLY CLEARED)        
Description Counterparty Fixed Deal (Pay)Rate Implied Credit Spread (g) Maturity Date Notional Value Fair Value Amortized Upfront Payments Paid Unrealized Appreciation
CDXNAHYS36V1 Credit Suisse 5.00% 2.87% 6/20/2026 $ 32,000,000 $    3,420,580 $    3,094,092 $ 326,488
   
                     

CIBC Canadian Imperial Bank of Commerce  
     
(a) Non-income producing security.
(b) Zero coupon bond.
(c) Rate disclosed is the seven day effective yield as of May 31, 2021.
(d) 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.
(e) All or a portion of this investment is a holding of the Hundredfold Select Alternative Fund Limited (HFSA Fund Limited).
(f) Interest rate is based upon current notional amounts, which may be a multiple of the number of shares plus a specified spread.
(g) For centrally cleared swaps, implied credit spread, represented in absolute terms, utilized in determining the fair value of the credit default swap contracts as of period and 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 referenced 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 referenced entity's credit soundness and a great likelihood or risk of default or other credit event occurring as defined under the terms of the swap contract.
       

 



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