GLAGX — CLS Global Aggressive Equity Fund

GLAGX Fund Overview

GLAGX — CLS Global Aggressive Equity Fund is a US mutual fund managed by Advisorone Funds, categorised as Emerging Markets Growth 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 Growth Equity
• Assets under management: $137.83M
• 1-year return: 38.0%
• Ticker: GLAGX
• SEC CIK: 0001029068
• SEC series ID: S000026623
• Share class ID: C000205640

GLAGX Investment Objective and Strategy

CLS Global Aggressive 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.

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 seek capital growth by investing 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 their security selection methodology, asset class trend, asset class fundamentals, diversification impact, cost and liquidity.

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. ? Using long and covered call options and long futures on equity, fixed income, and commodity ETFs to obtain additional exposure to the market when CLS believes that a particular asset class, sector, region or country offers superior opportunities for return relative to the risk.

When the Fund purchases call options, the Fund has the right to buy a particular security, including, for example, an index-based ETF, at a predetermined price (exercise price) during the life of the option. When the Fund sells (or writes) a covered call option, the purchases of the option has the right to buy a particular security held by the Fund, including, for example, an index-based ETF, at a predetermined price (exercise price) during the life of the option. When the Fund enters into a long futures contract, the Fund agrees to buy a standardized quantity of an asset or security for an agreed upon price with payment and delivery occurring at a specified future date (the delivery date). Unlike an options contract, the Fund must purchase the asset or security on the delivery date unless the Fund terminates the contract prior to such date.

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 among equity and bond asset classes, the percent allocated to equities and bonds will vary depending on which asset classes are selected for the portfolio. 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 presented to reflect 110% of the risk of a diversified equity portfolio. The diversified equity portfolio is defined as 60% of the Russell 3000 Index and 40% of the MSCI ACWI (ex-US). The 110% weighting against this benchmark is consistent with the risk level of the Fund, meaning that the Fund will be invested to maintain a higher overall risk tolerance within its portfolio than the diversified equity portfolio. The indexes underlying the diversified equity portfolio 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.

GLAGX Performance

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

GLAGX Risk Information

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

• 1-year volatility (annualised): 15.5%

GLAGX Costs and Fees

GLAGX costs about $156 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.56%
• Gross expense ratio: 1.56%
• Portfolio turnover: 16%
• Brokerage commissions: 0.56 bps of average net assets (SEC N-CEN)

GLAGX Cashflows

Over the 12 months to 2021-10, CLS Global Aggressive Equity Fund had net inflows of $105.71M, from monthly SEC N-PORT filings.

GLAGX Debt Constituents

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

GLAGX Prospectus and SEC Filings

Official CLS Global Aggressive 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 Growth Equity funds tracked on ABC INVEST:

• Motley Fool Global Opportunities Fund (FOOLX)
• AMG Managers Special Equity Fund (MGSEX)
• Cavalier Growth Opportunities Fund (CATEX)
• The Tocqueville Opportunity Fund (TOPPX)
• Hartford Schroders Diversified Emerging Markets Fund (HSDEX)

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.