Form N-CSR Cover
Form N-CSR Cover | 12 Months Ended |
Jun. 30, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | Advisors Preferred Trust |
Entity Central Index Key | 0001556505 |
Entity Investment Company Type | N-1A |
Document Period End Date | Jun. 30, 2024 |
Shareholder Report
Shareholder Report | 11 Months Ended | 12 Months Ended | 120 Months Ended |
Jun. 30, 2024 USD ($) Holding | Jun. 30, 2024 USD ($) Holding | Jun. 30, 2024 USD ($) Holding | |
Shareholder Report [Line Items] | |||
Document Type | N-CSR | ||
Amendment Flag | false | ||
Registrant Name | Advisors Preferred Trust | ||
Entity Central Index Key | 0001556505 | ||
Entity Investment Company Type | N-1A | ||
Document Period End Date | Jun. 30, 2024 | ||
C000243319 | |||
Shareholder Report [Line Items] | |||
Fund Name | Dynamic Alpha Macro Fund | ||
Class Name | Institutional | ||
Trading Symbol | DYMIX | ||
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Dynamic Alpha Macro Fund for the period of July 31, 2023 to June 30, 2024. | ||
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | ||
Additional Information [Text Block] | You can find additional information about the Fund at regdocs.blugiant.com/dynamic-alpha-macro/. You can also request this information by contacting us at (833) 462-6344. | ||
Additional Information Phone Number | (833) 462-6344 | ||
Additional Information Email | regdocs.blugiant.com/dynamic-alpha-macro/ | ||
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Institutional $186 1.89% The cost of a $10,000 investment would have been higher than the amount shown above had it been a full reporting period. | ||
Expenses Paid, Amount | $ 186 | ||
Expense Ratio, Percent | 1.89% | ||
Factors Affecting Performance [Text Block] | How did the Fund perform during the reporting period? Performance Overview Dynamic Alpha Macro Fund (“DYMIX” or “The Fund”) underperformed the Standard & Poor’s 500 Index (“S&P 500”) for the period from July 31st, 2023, through June 30th, 2024. Versus the newly added supplemental benchmark, the Barclay Global Macro Index, the fund outperformed. Overall, the fund returned 15.18% for the inception period ended June 30th, 2024, compared to the S&P 500 and Barclay Global Macro Indices which returned 20.68% and 8.07% respectively. Primary Benchmark Overview The S&P 500 was led primarily by contributions from technology and communication services. There was little volatility in the equity index to speak of. Market Factors, Contributors and Detractors Impacting Fund Performance As the fund is structured with two differing strategies, impacts will be discussed as such: Strategic Equities Allocations to strategic equities were broadly positive, led by allocations to growth-oriented exchange traded funds (ETFs). Core and dividend/value ETFs were also positive, but less than growth allocations. Fundamental Global Macro Strategy (“Macro strategy”) The biggest factors impacting performance of the macro strategy were related to the market’s anticipation of Federal Reserve Rate cuts. Going into 2024 the market had anticipated several (as many as 6-7) rate cuts in 2024 by the Fed Open Market Committee. But as inflation persisted, these rate cuts continued to get pushed further and further into the future (with some anticipating no cuts at all). The impact of this has been continued volatility in fixed income markets as well as volatility in inflation and economic related commodities (gold, silver, copper etc.). Overall, Gold was by far the biggest contributor to performance from the macro strategy. Other smaller contributors included Copper, Sugar, and the Swiss Franc. Macro strategy detractors from performance included equity index shorts as well as positions in coffee, silver, cocoa, corn and treasurie s. | ||
Performance Past Does Not Indicate Future [Text] | The Fund's past performance is not a good predictor of how the Fund will perform in the future. | ||
Line Graph [Table Text Block] | Dynamic Alpha Macro Fund S&P 500 Index Barclay Global Macro Index 07/31/23 $10,000 $10,000 $10,000 08/31/23 $9,900 $9,841 $9,856 09/30/23 $9,310 $9,372 $9,831 10/31/23 $9,450 $9,175 $9,807 11/30/23 $9,990 $10,012 $10,036 12/31/23 $10,554 $10,467 $10,291 01/31/24 $10,343 $10,643 $10,374 02/29/24 $10,132 $11,211 $10,509 03/31/24 $10,976 $11,572 $10,794 04/30/24 $11,739 $11,100 $10,654 05/31/24 $11,518 $11,650 $10,744 06/30/24 $11,518 $12,068 $10,807 | ||
Average Annual Return [Table Text Block] | Since Inception (July 31, 2023) Dynamic Alpha Macro Fund 15.18% S&P 500 Index 20.68% Barclay Global Macro Index 8.07% | ||
Performance Inception Date | Jul. 31, 2023 | ||
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. | ||
Material Change Date | Jun. 30, 2024 | ||
AssetsNet | $ 97,227,525 | $ 97,227,525 | $ 97,227,525 |
Holdings Count | Holding | 15 | 15 | 15 |
Advisory Fees Paid, Amount | $ 810,975 | ||
InvestmentCompanyPortfolioTurnover | 0% | ||
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $97,227,525 Number of Portfolio Holdings 15 Advisory Fee (net of waivers) $810,975 Portfolio Turnover 0% | ||
Holdings [Text Block] | Asset Weighting (% of total investments) Value Value Short-Term Investments 19.9% Money Market Funds 28.7% Exchange-Traded Funds 51.4% | ||
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets First American Government Obligations Fund Class Z, 5.187%, 27.2% Fidelity Government Portfolio Class I, 5.200%, 18.9% Invesco Nasdaq 100 ETF 13.4% Schwab US Dividend Equity ETF 10.9% BNY Mellon US Large Cap Core Equity ETF 8.1% Vanguard Russell 1000 Growth ETF 5.7% Vanguard Value ETF 5.3% Vanguard Dividend Appreciation ETF 2.7% SPDR Portfolio S&P 500 ETF 2.6% | ||
Material Fund Change [Text Block] | Material Fund Changes No material changes occurred during the year ended June 30, 2024. |
Shareholder Report, Line Graph
Shareholder Report, Line Graph (Details) - USD ($) | Jul. 31, 2023 | Jun. 30, 2024 | May 31, 2024 | Apr. 30, 2024 | Mar. 31, 2024 | Feb. 29, 2024 | Jan. 31, 2024 | Dec. 31, 2023 | Nov. 30, 2023 | Oct. 31, 2023 | Sep. 30, 2023 | Aug. 31, 2023 |
C000243319 | ||||||||||||
Account Value [Line Items] | ||||||||||||
Line Graph and Table Measure Name | Dynamic Alpha Macro Fund | |||||||||||
Account Value | $ 10,000 | $ 11,518 | $ 11,518 | $ 11,739 | $ 10,976 | $ 10,132 | $ 10,343 | $ 10,554 | $ 9,990 | $ 9,450 | $ 9,310 | $ 9,900 |
S&P 500 Index | ||||||||||||
Account Value [Line Items] | ||||||||||||
Line Graph and Table Measure Name | S&P 500 Index | |||||||||||
Account Value | $ 10,000 | 12,068 | 11,650 | 11,100 | 11,572 | 11,211 | 10,643 | 10,467 | 10,012 | 9,175 | 9,372 | 9,841 |
Barclay Global Macro Index | ||||||||||||
Account Value [Line Items] | ||||||||||||
Line Graph and Table Measure Name | Barclay Global Macro Index | |||||||||||
Account Value | $ 10,000 | $ 10,807 | $ 10,744 | $ 10,654 | $ 10,794 | $ 10,509 | $ 10,374 | $ 10,291 | $ 10,036 | $ 9,807 | $ 9,831 | $ 9,856 |
Shareholder Report, Average Ann
Shareholder Report, Average Annual Return (Details) | 11 Months Ended | |
Jul. 31, 2023 | Jun. 30, 2024 | |
C000243319 | ||
Average Annual Return [Line Items] | ||
Line Graph and Table Measure Name | Dynamic Alpha Macro Fund | |
Without Sales Load [Member] | C000243319 | ||
Average Annual Return [Line Items] | ||
Average Annual Return, Percent | 15.18% | |
S&P 500 Index | ||
Average Annual Return [Line Items] | ||
Line Graph and Table Measure Name | S&P 500 Index | |
Average Annual Return, Percent | 20.68% | |
Barclay Global Macro Index | ||
Average Annual Return [Line Items] | ||
Line Graph and Table Measure Name | Barclay Global Macro Index | |
Average Annual Return, Percent | 8.07% |
Shareholder Report, Holdings (D
Shareholder Report, Holdings (Details) - C000243319 | Jun. 30, 2024 |
31846V567 | First American Government Obligations Fund Class Z, Class Z | |
Holdings [Line Items] | |
Percent of Net Asset Value | 27.20% |
316175108 | Fidelity Government Portfolio Class I, Institutional Class | |
Holdings [Line Items] | |
Percent of Net Asset Value | 18.90% |
46138G649 | Invesco Nasdaq 100 ETF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 13.40% |
808524797 | Schwab US Dividend Equity ETF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 10.90% |
09661T107 | BNY Mellon US Large Cap Core Equity ETF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 8.10% |
92206C680 | Vanguard Russell 1000 Growth ETF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.70% |
922908744 | Vanguard Value ETF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.30% |
921908844 | Vanguard Dividend Appreciation ETF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.70% |
78464A854 | SPDR Portfolio S&P 500 ETF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.60% |
Short-Term Investments | |
Holdings [Line Items] | |
Percent of Net Asset Value | 19.90% |
Money Market Funds | |
Holdings [Line Items] | |
Percent of Net Asset Value | 28.70% |
Exchange-Traded Funds | |
Holdings [Line Items] | |
Percent of Net Asset Value | 51.40% |