Fund Documents

Advisors Preferred, LLC is a SEC registered investment adviser notice filed in the following States/US Territories: California, Florida, Maryland, New Jersey, New York, Texas and Puerto Rico

The investments and products listed may not be appropriate for all investors. Advisors Preferred, LLC recommends that investors independently evaluate particular investments or products, and encourages investors to seek the advice of a financial professional. The appropriateness of a particular investment or product will depend upon an investor's individual circumstances and objectives.

©2024 Advisors Preferred - Advisors Preferred, LLC is a Registered Investment Advisors and commonly held affiliates of Ceros Financial Services, Inc Securities offered through Ceros Financial Services, Inc., Member FINRA/SIPC www.cerosfs.com

Investing in mutual funds involves risk, including loss of principal. For details regarding the risks specific to each of the Advisors Preferred Funds, please see the prospectus. There is no guarantee the funds will achieve their investment objectives. There is no guarantee any investment strategy will generate a profit or prevent a loss. You should consider the investment objectives, risks and charges, and expenses of the Funds carefully before investing. The prospectus contains this and other information and may be obtained by calling (888) 572-8868 or by visiting www.advisorspreferred.com. Be sure to read the prospectus carefully before investing.

©2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

No compensation has been provided directly or indirectly by the adviser or fund in connection with obtaining the award.

The calculation periods are through the end of November of the respective evaluation year.