CLS Flexible Income

See Standardized Performance

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The Fund’s total annual operating expenses including underlying fund expenses for the CLS Flexible Income Fund are 1.09%. Performance results reflect a contractual fee waiver by the investment adviser as described in the prospectus of the fund. For performance information current to the most recent month-end, please call toll-free 1-866-811-0225.

The objective of the AdvisorOne CLS Flexible Income Fund is total return, consisting of capital growth and income, consistent with preservation of capital.

The “total return” sought by the Fund consists of income earned on the Fund’s investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation or improving credit fundamentals for a particular sector or security.  YOU MAY LOSE MONEY BY INVESTING IN THE FUND.

Portfolio Managers

CLS utilizes a team approach for management of the Fund and from the team, the Fund is assigned a portfolio manager who is primarily responsible for the day-to-day management of the Fund’s portfolio. Marc Pfeffer, Senior Portfolio Manager of CLS, is responsible for the day-to-day management of the Fund. Mr. Pfeffer has served as Portfolio Manager of the Fund since January 2013.

There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.

CLS Flexible Income is a fund of funds meaning it invests in underlying mutual funds and exchange-traded funds (“Underlying Funds”). As a result, the Fund indirectly bears investment management fees of the underlying funds in addition to the fees and expenses of the Fund. In some instances it may be less expensive for an investor to invest in the underlying funds directly. There is also a risk that investment advisers of those underlying funds may make investment decisions that are detrimental to the performance of the Fund. Investments in underlying funds that own small- and mid-capitalization companies may be more vulnerable than larger, more established organizations. Investments in underlying funds that invest in foreign equity and debt securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards.

Investors should carefully consider the investment objectives, risks, charges and expenses of the AdvisorOne Funds. This and other information about the AdvisorOne Funds is contained in the prospectus, which can be obtained by calling 1-866-811-0225. The prospectus should be read carefully before investing.

Information provided at advisoronefunds.com is intended only for persons who are eligible to purchase U.S.-registered investment funds. Investments are not FDIC-insured nor are they deposits of or guaranteed by a bank or any other entity, so you may lose money. For more complete information about any of the AdvisorOne Funds, risk, charges, and expenses, please obtain the applicable prospectus. Please read it carefully before you invest or send money. CLS Investments, LLC (“CLS”) is an affiliated company of Northern Lights Distributors, LLC. The services offered by CLS are wholesaled through licensed representatives of Northern Lights Distributors, LLC. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. There are no guarantees that the AdvisorOne Funds will meet their objective.