SVASX — Spectrum Low Volatility Fund
Data updated: 2026-08-14
SVASX — Spectrum Low Volatility Fund. Total Return Allocation · $163.24M AUM · 3.24% expense ratio. Holdings, fees, performance and SEC filings.
SVASX Fund Overview
SVASX — Spectrum Low Volatility Fund is a US mutual fund managed by Advisors Preferred Trust, categorised as Total Return 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: Total Return Allocation
- Assets under management: $163.24M
- Ticker: SVASX
- SEC CIK: 0001556505
- SEC series ID: S000043121
- Share class ID: C000133466
SVASX Investment Objective and Strategy
Spectrum Low Volatility Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors Preferred Trust.
Investment objective
The Spectrum Low Volatility Funds (the Funds) investment is objective is total return with lower downside volatility and risk compared to major stock market indices.
Principal investment strategy
"The Fund's adviser delegates execution of the Fund's investment strategy to a sub-adviser. The sub-adviser uses a flexible investment approach to seek total return from capital appreciation and income from interest payments while managing downside volatility and risk. Low volatility in the Fund's name refers to the sub-advisers strategy of attempting to limit the Fund's investment losses such that they will be less than the S&P 500 Index losses over any 12-month period when the stock market is trending lower. However, the sub-adviser will not attempt to constrain the Fund's upside volatility in rising markets. During favorable market conditions (when the sub-adviser believes security prices will be stable or rising) the sub-adviser leverages the Fund's investment portfolio through swap contracts and/or borrowing to invest in more securities.
During unfavorable market conditions, the sub-adviser emphasizes capital preservation by increasing the Fund's allocation to cash equivalents and reducing leverage. The Fund invests in a diversified portfolio of primarily income-producing fixed income securities. The sub-adviser does not select individual bonds or other fixed income securities but instead, invests the Fund's assets in open-end investment companies (""mutual funds"") and exchange-traded funds (""ETFs"") that each invests primarily in fixed rate or floating rate fixed income securities. The Fund invests without restriction as to issuer type, country, capitalization, credit quality or maturity of individual securities held by the mutual funds and ETFs in which it invests. The mutual funds and ETFs may invest in foreign countries including emerging markets.
When the sub-adviser believes market conditions for lower-quality debt are favorable, the Fund will primarily invest in mutual funds and ETFs that invest in income-producing high-yield fixed income securities commonly known as ""junk"" bonds. The Fund defines junk bonds as those rated lower than Baa3 by Moody's Investors Service (""Moody's"") or lower than BBB- by Standard and Poor's Rating Group (""S&P""), or, if unrated, determined by the sub-adviser to be of similar credit quality. The sub-adviser selects mutual funds and ETFs that have high ""Volatility Adjusted Returns"" (""VAR"") and low risk (defined as return volatility). The sub-adviser also considers mutual fund and ETF fees, management experience and liquidity. The sub-adviser selects swap counterparties it believes to be credit worthy and does not invest more than 25% of Fund assets in swap contracts with any one counterparty.
By focusing on market conditions and VAR, the sub-adviser believes the Fund should maintain returns with lower downside volatility and risk compared to major stock market indices. The sub-adviser sells securities, and reduces swap positions and borrowing, when it believes market conditions have become unfavorable or when more attractive investments are available. Additionally, the sub-adviser may employ a long/short strategy through inverse ETFs and swaps to reduce market risk, to negate recessionary credit risk or interest rate risk. The long/short strategy seeks to enhance returns by taking short positions in sectors the sub-adviser believes are less attractive while maintaining long positions in sectors the sub-adviser believes are more attractive. The sub-adviser may engage in frequent trading to achieve the Fund's investment objective, which may result in turnover in excess of 100%.
The sub-adviser believes the consistency of its execution of both its investment strategy and its risk management strategy is reflected in the following biblical quote. Steady plodding brings prosperity; hasty speculation brings poverty. (Proverbs 21:5, Living Bible)"
SVASX Holdings
Top 10 holdings of Spectrum Low Volatility Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 16.05% |
| Nationwide Mutual Funds | 11.92% |
| Victory Portfolios Iv | 10.63% |
| American High Income Trust | 10.03% |
| Virtus Asset Trust | 10.01% |
| Nuveen Municipal Trust | 9.99% |
| US Bank Mmda | 8.94% |
| Two Roads Shared Trust | 6.13% |
| Fidelity Colchester Street Trust | 4.68% |
| Axonic Funds | 3.33% |
SVASX Portfolio Allocation
Asset-class allocation of Spectrum Low Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 62.0% |
| Fixed Income | 16.1% |
| Cash & Equivalents | 13.6% |
| Derivatives | 0.2% |
SVASX Performance
Total returns for SVASX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 4.1% |
| 3 years (annualised) | 6.5% |
| 5 years (annualised) | 3.1% |
SVASX Risk Information
Risk metrics for SVASX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.8%
SVASX Costs and Fees
SVASX costs about $324 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.24%
- Gross expense ratio: 3.24%
- Portfolio turnover: 529%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
SVASX Cashflows
Over the 12 months to 2026-06, Spectrum Low Volatility Fund had net outflows of $20.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$859.11K |
| 2026-05 | −$5.57K |
| 2026-04 | −$6.66M |
| 2026-03 | −$4.52M |
| 2026-02 | −$168.79K |
| 2026-01 | −$5.42M |
SVASX Debt Constituents
Largest debt holdings of Spectrum Low Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 16.05% |
SVASX Prospectus and SEC Filings
Official Spectrum Low Volatility Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus supplement (497) — filed 2025-02-06
- Portfolio holdings (N-PORT) — filed 2026-08-14
- Portfolio holdings (N-PORT) — filed 2026-05-08
- Portfolio holdings (N-PORT) — filed 2026-02-11
- Annual census (N-CEN) — filed 2025-12-04
- Annual census (N-CEN) — filed 2024-12-13
Related Funds
Other Total Return 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.