(40-17F1)
April 01 2014 - 4:13PM
Edgar (US Regulatory)
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]
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1. Investment Company Act File Number:
811-22756
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Date examination completed: March
21, 2014
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2. State identification Number:
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AL
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N/A
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AK
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60078037
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AZ
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Investor Class: 67179
Advisor Class:
N/A
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AR
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60030170
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CA
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N/A
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CO
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2013-52-250
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CT
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1074239
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DE
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DC
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Investor Class: 60049411
Advisor Class:
60051138
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FL
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GA
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SCMF049318
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HI
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N/A
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ID
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71362
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IL
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60027229
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IN
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13-0029IC
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IA
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Investor Class: i-85414
Advisor Class:
I-86484
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KS
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2013S0001256
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KY
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Investor Class:
60027110
Advisor Class:
60026499
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LA
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N/A
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ME
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Investor Class:
N/A
Advisor Class: 10039551
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MD
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Investor Class: SM20130318
Advisor Class:
SM20132181
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MA
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Investor Class:
N/A
Advisor Class:
60152003
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MI
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Investor Class: 969530
Advisor Class:
971410
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MN
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N/A
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MS
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Investor Class:
60064906
Advisor Class:
60064905
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MO
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R2013-394
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MT
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Investor Class: 85832
Advisor Class:
N/A
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NE
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Investor Class:
88251
Advisor Class:
95629
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NV
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N/A
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NH
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Investor Class:
N/A
Advisor Class:
MF13-0084606
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NJ
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Investor Class: mf-12155
Advisor Class:
MF-12940
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NM
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Investor Class: 44398
Advisor Class: 46083
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NY
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S33-30-88
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NC
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52726
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ND
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Investor Class:
N/A
Advisor Class:
BV747
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OH
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Investor Class: 86584
Advisor Class:
MF-12940
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OK
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Investor Class: IC 2212299
Advisor Class: IC 2214397
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OR
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2013-1759
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PA
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2013-02-070MF
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RI
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SC
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MF20045
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SD
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Investor Class:
61143
Advisor Class:
59808
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TN
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Investor Class: M13-0635
Advisor Class:
M13-2213
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TX
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Investor Class: C 103170
Advisor Class:
C 105075
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UT
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Investor Class:
007-2803-42
Advisor Class:
007-2803-55
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VT
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Investor Class: 4/09/13-13
Advisor Class: 07/31/13-01
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VA
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183038
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WA
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Investor Class: 60063839
Advisor Class:
60065672
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WV
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Investor Class:
81150
Advisor Class:
N/A
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WI
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Investor Class: 00675871
Advisor Class:
00679648
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WY
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27623
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PUERTO RICO
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N/A
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Other (specify):
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3. Exact name of investment company as specified in registration statement: OnTrack Core Fund, a series of the Advisors Preferred Trust
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4. Address of principal executive office (number, street, city, state, zip code): 1445 Research Boulevard, Suite 530, Rockville, MD 20850
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MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN PROVISIONS OF THE INVESTMENT COMPANY ACT OF 1940
March 31, 2014
We, as members of management of
the OnTrack Core Fund (the Fund), a series of the Advisors Preferred Trust
, are responsible for complying with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1, Custody of Investments by Registered Management Investment Companies, 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 December 31, 2013, and from June 28, 2013 (date of our last examination) through December 31, 2013.
Based on this evaluation, we assert that the Fund was 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 December 31, 2013 and from June 28, 2013 (date of our last examination), through December 31, 2013, with respect to securities reflected in the investment accounts of the Fund.
/s/ Catherine Ayers-Rigsby
President
/s/ Kevin Wolf
Treasurer
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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 the OnTrack Core Fund (the Fund), 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 as of December 31, 2013. Management is responsible for the Funds compliance with those requirements. Our responsibility is to express an opinion on managements assertion about the Funds compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Funds compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of December 31, 2013, and with respect to agreement of security purchases and sales, for the period from June 28, 2013 (date of our last examination) through December 31, 2013:
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Confirmation of all securities held by U.S. Bank, N.A. (the Custodian).
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Confirmation of all securities held by institutions in book entry form at National Financial Services, LLC.
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Confirmation of all securities and similar investments hypothecated, pledged, placed in escrow, or out for transfer with brokers, pledgees, or transfer agents.
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Reconciliation of all such securities to the books and records of the Fund and the Custodian.
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Agreement of two security purchases and two security sales or maturities for the Fund since our last report from the books and records of the Fund to broker confirmations.
We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds compliance with specified requirements.
In our opinion, managements assertion that the 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 December 31, 2013, with respect to securities reflected in the investment account of the Fund 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.
COHEN FUND AUDIT SERVICES, LTD.
Cleveland, Ohio
March 31, 2014