GDIVX — CLS Global Diversified Equity Fund

GDIVX Fund Overview

GDIVX — CLS Global Diversified Equity Fund is a US mutual fund managed by Advisorone Funds, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Advisorone Funds
• Category: Emerging Markets Blend / Core Equity
• Assets under management: $342.88M
• 1-year return: 38.9%
• Ticker: GDIVX
• SEC CIK: 0001029068
• SEC series ID: S000010752
• Share class ID: C000205636

GDIVX Investment Objective and Strategy

CLS Global Diversified Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisorone Funds.

Investment objective

The investment objective is long-term growth of capital without regard to current income.

Principal investment strategy

The Fund invests primarily in exchange traded funds (ETFs), other open-end mutual funds, and closed-end funds. This group of investments is referred to as Underlying Funds. The Funds investment adviser, CLS Investments, LLC (CLS), seeks to achieve the Funds investment objective by using the following investment strategies: Investing in Underlying Funds that primarily invest in common stock or securities convertible into or exchangeable for common stock (such as convertible preferred stock, convertible debentures or warrants), including the stock of foreign issuers. The Underlying Funds used by the Fund in its allocations consist primarily of ETFs. The Underlying Funds are selected based on the security selection methodology used by the Underlying Funds adviser, as well as CLSs assessment of asset class trends, asset class fundamentals, diversification impact, fundamental research and the cost and liquidity of the Underlying Fund.

These investments may include smaller and medium capitalization companies. Investing under normal market conditions, at least 80% of the Funds assets (defined as net assets plus the amount of any borrowing for investment purposes) in equity securities. This is achieved by investing directly in equities or indirectly by investing in Underlying Funds. Any investment in derivatives will be valued on a mark-to-market basis to the extent that they count towards this policy. Investing, under normal market conditions, in at least three different countries, and approximately 40% of the Funds assets (defined as net assets plus the amount of any borrowing for investment purposes) outside the U.S. While the Fund primarily invests in equity securities, because the Fund may also invest the balance of its portfolio across other asset classes and is invested to maintain a relatively consistent level of risk, the Funds risk budget benchmark is included to provide a better performance comparison than a broad-based, single asset class benchmark.

The Funds risk budget benchmark is comprised 60% of the Russell 3000 Index and 40% of the Morgan Stanley Capital International All-Country World Index (excluding the United States) (MSCI ACWI (ex-US)). The weightings against this benchmark are consistent with the risk level of the Fund and these indexes are utilized to reflect the Funds broad exposure to the global equity market. The Russell 3000 Index is an index that measures 98% of the investable U.S. equity market. The MSCI ACWI (ex-US) is an index that provides a broad measure of stock performance throughout the world, with the exception of U.S.-based equities. The index includes both developed and emerging markets. For purposes of the Funds 80% and 40% policies discussed above, the Fund will look through investments in Underlying Funds and will include such investments in their respective percentage totals where the identity of the underlying portfolio securities can be reasonably determined.

For purposes of the Funds 40% policy, to determine whether an issuer is a non-U.S. issuer, (i) CLS utilizes Morningstars regional classification with respect to Underlying Funds, and (ii) country assignments for individual positions within Underlying Funds are assigned by Morningstar based on the primary exchange where each stock is traded. CLS seeks to control risk within a given range by estimating the risk of the Funds investments and keeping it near that of the risk budgeted benchmark. CLSs assessment of a portfolios risk evaluates multiple risk factors over various time frames, including the portfolios volatility and performance during down periods. CLS actively manages the Funds investments by increasing or decreasing the Funds investment in particular asset classes, sectors, regions and countries, or in a particular security, based on its assessment of the opportunities for return relative to the risk using fundamental and technical analysis.

Because of the varying levels of risk amongst equity asset classes, the percent allocated to individual equities will vary depending on which asset classes are selected for the portfolio. When selecting Underlying Funds for investment, CLS considers the Underlying Funds investment goals and strategies, the investment adviser and portfolio manager, and past performance. When CLS selects individual equity securities, it considers both growth prospects and anticipated dividend income. CLS may sell an investment if it determines that the asset class, sector, region or country is no longer desirable or if CLS believes that another Underlying Fund or security within the category offers a better opportunity to achieve the Funds objective.

GDIVX Performance

Total returns for GDIVX (as of 2026-10-01), from SEC filings.

GDIVX Risk Information

Risk metrics for GDIVX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 14.0%

GDIVX Costs and Fees

GDIVX costs about $150 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.50%
• Gross expense ratio: 1.50%
• Portfolio turnover: 17%
• Brokerage commissions: 0.34 bps of average net assets (SEC N-CEN)

GDIVX Cashflows

Over the 12 months to 2021-10, CLS Global Diversified Equity Fund had net inflows of $271.11M, from monthly SEC N-PORT filings.

GDIVX Debt Constituents

No individual debt constituents are reported in CLS Global Diversified Equity Fund's latest SEC N-PORT filing.

GDIVX Prospectus and SEC Filings

Official CLS Global Diversified Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-09-13
• Prospectus (485BPOS) — filed 2020-09-16
• Prospectus (485BPOS) — filed 2019-09-13
• Portfolio holdings (N-PORT) — filed 2021-12-29
• Portfolio holdings (N-PORT) — filed 2021-09-29
• Portfolio holdings (N-PORT) — filed 2021-06-25
• Annual census (N-CEN) — filed 2021-07-14
• Annual census (N-CEN) — filed 2020-07-14

Related Funds

Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity Emerging Markets Fund (FGOMX)
• iShares MSCI South Korea ETF (EWY)
• Strategic Advisers Emerging Markets Fund (FSAMX)
• iShares MSCI Taiwan ETF (EWT)
• iShares MSCI Brazil ETF (EWZ)

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.