SGEFX — CLS Strategic Global Equity Fund

SGEFX Fund Overview

SGEFX — CLS Strategic Global Equity Fund is a US mutual fund managed by Advisorone Funds, categorised as Global (incl. US) 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: Global (incl. US) Blend / Core Equity
• Assets under management: $27.68K
• Ticker: SGEFX
• SEC CIK: 0001029068
• SEC series ID: S000065266
• Share class ID: C000211294

SGEFX Investment Objective and Strategy

CLS Strategic Global 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.

Principal investment strategy

The Fund invests primarily in exchange traded funds (ETFs) and open-end mutual 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. 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. ? Investing, under normal market conditions, in securities of issuers located 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) in securities of issuers (i) that are headquartered or have their principal place of business outside the U.S., (ii) whose primary trading markets are outside the U.S. or (iii) that have at least 50% of their assets in, or expect to derive at least 50% of their total revenues or profits from, goods or services produced in or sales made in countries outside the U.S. The Funds strategy will be executed in such a way as maintain a consistent level of risk that is comparable to the Funds risk budget benchmark.

And because the Fund invests in Underlying Funds that primarily invest in both common stock and securities convertible into or exchangeable for common stock, the Funds risk budget benchmark will be included in future performance comparisons to provide a better performance comparison than a broad-based, single asset class benchmark. Risk budget is a proprietary risk calculation that measures the risk of each asset in the Fund relative to the global equity market. The Funds risk budget benchmark is comprised 60% of the Morningstar U.S. Market Index and 40% of the Morningstar Global Market ex US Lg-Mid Index. The weightings against this benchmark reflect the Funds broad exposure to the global equity market. The Morningstar U.S. Market Index is an index that measures the performance of U.S. securities and targets 97% market capitalization coverage of the investable universe.

It is a diversified broad market index. The Morningstar Global ex U.S. Large-Mid Index is an index that measures the performance of Global Markets (ex-U.S.) equity markets targeting the top 90% of stocks by market capitalization. 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. CLS continuously monitors the risk of the Funds investments and seeks to keep risk of the Fund near that of the risk budget 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 strategically manages the Funds investments by increasing or decreasing the Funds investment in particular asset classes or in a particular security, to keep them within a given range of the style, size, sector, and regional allocations of the benchmark. When selecting Underlying Funds for investment, CLS considers the Underlying Funds investment goals and strategies, the investment adviser and portfolio manager, and past performance. CLS may sell and replace any Underlying Fund if CLS believes that another Underlying Fund or security within the category offers a better opportunity to achieve the Funds objective.

SGEFX Costs and Fees

SGEFX costs about $165 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.65%
• Gross expense ratio: 1.65%

SGEFX Cashflows

Over the 12 months to 2020-01, CLS Strategic Global Equity Fund had net inflows of $0, from monthly SEC N-PORT filings.

SGEFX Debt Constituents

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

SGEFX Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2019-09-13
• Prospectus (485BPOS) — filed 2019-05-01
• Prospectus supplement (497) — filed 2019-10-08
• Portfolio holdings (N-PORT) — filed 2020-03-27
• Portfolio holdings (N-PORT) — filed 2019-12-12

Related Funds

Other Global (incl. US) Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity International Fund (FUSIX)
• Strategic Advisers International Fund (FILFX)
• First American Multi-Manager International Equity Fund (FAIEX)
• Symmetry Panoramic International Equity Fund (SPILX)
• FPA Paramount Fund, Inc. (FPRAX)

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.