SAPEX — Spectrum Active Advantage Fund
Data updated: 2026-05-08
SAPEX — Spectrum Active Advantage Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Capital Appreciation / Growth Allocation · $10.04M AUM · 2.88% expense ratio · 10.5% 1-yr return. From SEC regulatory filings.
SAPEX Fund Overview
SAPEX — Spectrum Active Advantage Fund is a US mutual fund managed by Advisors Preferred Trust, categorised as Capital Appreciation / Growth Allocation. 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: Capital Appreciation / Growth Allocation
- Assets under management: $10.04M
- 1-year return: 10.5%
- Ticker: SAPEX
- SEC CIK: 0001556505
- SEC series ID: S000049076
- Share class ID: C000154799
SAPEX Holdings
Top 9 holdings of Spectrum Active Advantage Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury Bills | 25.68% |
| United States Treasury Bills | 13.71% |
| Invesco Exchange-Traded Fund Trust | 9.56% |
| United States Treasury Bills | 9.06% |
| First American Funds Inc. | 7.48% |
| Fidelity Colchester Street Trust | 7.48% |
| Investment Managers Series Trust II | 5.16% |
| Victory Portfolios IV | 5.15% |
| iShares Trust | 5.07% |
SAPEX Portfolio Allocation
Asset-class allocation of Spectrum Active Advantage Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 48.4% |
| Equity | 24.9% |
| Cash & Equivalents | 15.0% |
SAPEX Performance
Total returns for SAPEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -5.5% |
| 1 year | 10.5% |
| 3 years (annualised) | 8.6% |
| 5 years (annualised) | -1.9% |
SAPEX Risk Information
Risk metrics for SAPEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
SAPEX Costs and Fees
SAPEX costs about $288 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.88%
- Gross expense ratio: 2.88%
- Portfolio turnover: 870%
- Brokerage commissions: 8.28 bps of average net assets (SEC N-CEN)
SAPEX Cashflows
Over the 12 months to 2026-03, Spectrum Active Advantage Fund had net inflows of $233.73K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$341.44K |
| 2026-02 | −$125.41K |
| 2026-01 | $165.25K |
| 2025-12 | $683.15K |
| 2025-11 | $51.72K |
| 2025-10 | $268.93K |
SAPEX Debt Constituents
Largest debt holdings of Spectrum Active Advantage Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Bills | 25.68% |
| United States Treasury Bills | 13.71% |
| United States Treasury Bills | 9.06% |
SAPEX Prospectus and SEC Filings
Official Spectrum Active Advantage Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Capital Appreciation / Growth Allocation funds tracked on ABC INVEST:
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.