CBMG Cellular Biomedicine Group Inc

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: 811-22756

Date examination completed: March 31, 2014

2. State identification Number:

AL

N.A

AK

60077333

AZ

68891

AR

60030611

CA

N/A

CO

2013-52-250

CT

1076861

DE

71608

DC

60051046

FL

GA

SCMF049318

HI

N/A

ID

72151

IL

60027229

IN

13-0029IC

IA

I-86357

KS

2014S0000261

KY

60026404

LA

N/A

ME

10040322

MD

SM20132062

MA

N/A

MI

971161

MN

N/A

MS

60064771

MO

R2013-1,964

MT

88314

NE

95515

NV

N/A

NH

MF13-0084346

NJ

MF-12876

NM

46737

NY

S33-37-61

NC

52726

ND

BV613

OH

13497284

OK

IC 2214399

OR

2013-1756

PA

2013-02-070MF

RI

N/A

SC

MF20157

SD

59861

TN

M13-2104

TX

C 104943

UT

007-2777-03

VT

10/23/13-05

VA

183038

WA

60065519

WV

N/A

WI

N/A

WY

27623

PUERTO RICO

Other (specify):

3. Exact name of investment company as specified in registration statement: Quantified Alternative Investment 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

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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 Quantified Alternative Investment 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 Fund’s compliance with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1 as of December 31, 2013, and from August 9, 2013 (commencement of operations) 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 of the Investment Company Act of 1940 as of December 31, 2013 and from August 9, 2013 (commencement of operations) 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

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Trustees of

Advisors Preferred Trust

We have examined management’s assertion, included in the accompanying Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940, that Quantified Alternative Investment 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 Fund’s compliance with those requirements.  Our responsibility is to express an opinion on management’s assertion about the Fund’s 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 Fund’s 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 August 9, 2013 (commencement of operations) through December 31, 2013:

·

Confirmation of all securities held by U.S. Bank, N.A. (the “Custodian”).

·

Confirmation of all securities held by institutions in book entry form at National Financial Services, LLC.

·

Confirmation of all securities and similar investments 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 Fund and the Custodian.

·

Agreement of one security purchase and one security sale or maturity for the Fund from August 9, 2013 (commencement of operations) from the books and records of the Fund to the broker confirmations.

We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Fund’s compliance with specified requirements.

In our opinion, management’s 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