QSPAX — Quantified Pattern Recognition Fund
Data updated: 2026-08-14
QSPAX — Quantified Pattern Recognition Fund. Alternative · $46.45M AUM · 2.39% expense ratio. Holdings, fees, performance and SEC filings.
QSPAX Fund Overview
QSPAX — Quantified Pattern Recognition Fund is a US mutual fund managed by Advisors Preferred Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors Preferred Trust
- Category: Alternative
- Assets under management: $46.45M
- Ticker: QSPAX
- SEC CIK: 0001556505
- SEC series ID: S000066117
- Share class ID: C000213665
QSPAX Investment Objective and Strategy
Quantified Pattern Recognition Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors Preferred Trust.
Investment objective
The Quantified Pattern Recognition Fund (the ?Fund?) seeks capital appreciation.
Principal investment strategy
The Fund?s investment adviser, Advisors Preferred, LLC (the ?Adviser?), delegates execution of the Fund?s investment strategy to the subadviser, Flexible Plan Investments, Ltd. (?FPI? or the ?Subadviser?). The Subadviser selects investments for the Fund and provides trade placement for any fixed income instruments, including cash equivalents. The Adviser provides trade placement for non-fixed income instruments. The Fund primarily invests in equity index mutual funds, unaffiliated equity index exchange traded funds (?ETFs?), futures contracts, equity index swaps, pooled investment vehicles, and cash equivalents. When the Fund enters into a swap, the Fund makes payments to the swap counterparty based on either a fixed or variable rate, and the swap counterparty makes payments to the Fund based on the return of a refence asset.
The Fund invests in ETFs, mutual funds, and pooled investment vehicles, that are not affiliated with the Adviser or Subadviser. Certain pooled investment vehicles are classified as commodity pools. The Fund invests in commodity pools that primarily in financial futures such as interest rate, equity and currency futures. However, these pools may have lesser exposure to commodity-related and volatility-related futures. The Subadviser seeks to achieve the Fund?s investment objective by identifying daily patterns in stock indexes or sectors within stock market indexes that it has found to be determinative of probable future price direction. The Subadviser believes securities markets reflect human emotions and that investors adopt patterns of behavior in response to those emotions. The Subadviser?s strategy seeks out high probability, repeatable patterns in the stock market to identify periods to buy, buy with leverage, or go short the market.
This strategy seeks to take advantage of the tendency for equity prices to revert to the mean or follow a current price trend. The Subadvisor utilizes a proprietary methodology to allocate Fund assets among specific securities to best take advantage of patterns found. When the Subadviser believes market conditions are favorable, it invests in mutual funds, leveraged mutual funds, futures contracts, swaps, and pooled investment vehicles to produce exposure to the stock market equivalent to up to 200% of Fund assets. 200% exposure means the Subadvisor seeks to earn $2 for every $1 in overall stock market profit. When the Subadviser believes market conditions are unfavorable, it invests in cash equivalents, inverse equity index mutual funds and ETFs, and/or shorts S&P 500 Index futures contracts.
The Subadviser uses an aggressive tactical management strategy that typically results in high portfolio turnover. The Fund may invest up to 25% of its total assets in a wholly owned and controlled subsidiary (the ?Subsidiary?). The Subsidiary is expected to provide the Fund with indirect exposure to certain instruments such as commodity futures within the limitations of the federal tax requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the ?code?). The Subsidiary invests primarily in commodity pools. The Fund?s investments will be composed primarily of securities, even when viewing the Subsidiary on a consolidated basis. The Subsidiary, when viewed from a consolidated basis, is subject to the same investment restrictions as the Fund. On an aggregate basis with the Fund, the Subsidiary complies with the provisions of the 1940 Act in Sections 8 and 18 (regarding investment policies, capital structure and leverage); the Adviser and Sub-Adviser to the Subsidiary, are SEC-registered and each complies with the provisions of the 1940 Act in Section 15 (regarding investment advisory contracts) and the Subsidiary complies with the provisions of the 1940 Act in Section 17 (regarding affiliated transactions and custody) and employs the same custodian as the Fund.
QSPAX Holdings
Top 6 holdings of Quantified Pattern Recognition Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Colchester Street Trust | 34.29% |
| First American Funds, Inc. | 34.29% |
| Hyperion Fund LLC | 10.38% |
| Stonecastle | 2.34% |
| Chicago Mercantile Exchange | 1.73% |
| Spdr S&P 500 ETF Trust | 0.32% |
QSPAX Portfolio Allocation
Asset-class allocation of Quantified Pattern Recognition Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 70.9% |
| Other | 10.4% |
| Derivatives | 1.7% |
| Equity | 0.3% |
QSPAX Performance
Total returns for QSPAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -4.6% |
| 1 year | 15.2% |
| 3 years (annualised) | 10.3% |
| 5 years (annualised) | 7.3% |
QSPAX Risk Information
Risk metrics for QSPAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.6%
QSPAX Costs and Fees
QSPAX costs about $239 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.39%
- Gross expense ratio: 2.39%
- Portfolio turnover: 889%
- Brokerage commissions: 0.08 bps of average net assets (SEC N-CEN)
QSPAX Cashflows
Over the 12 months to 2026-06, Quantified Pattern Recognition Fund had net outflows of $4.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.94M |
| 2026-05 | $4.54M |
| 2026-04 | −$18.30M |
| 2026-03 | −$27.41M |
| 2026-02 | $5.60M |
| 2026-01 | $33.55M |
QSPAX Debt Constituents
No individual debt constituents are reported in Quantified Pattern Recognition Fund's latest SEC N-PORT filing.
QSPAX Prospectus and SEC Filings
Official Quantified Pattern Recognition Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-02
- Prospectus (485BPOS) — filed 2025-10-28
- Prospectus supplement (497) — filed 2026-06-12
- Portfolio holdings (N-PORT) — filed 2026-08-14
- Portfolio holdings (N-PORT) — filed 2026-05-08
- Portfolio holdings (N-PORT) — filed 2026-02-20
- Annual census (N-CEN) — filed 2024-09-12
- Annual census (N-CEN) — filed 2023-09-12
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.