INVESTMENT ADVISORY AGREEMENT Between ADVISORONE FUNDS and CLS INVESTMENTS, LLC THE ADVISORONE FUNDS INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • August 25th, 2017 • Advisorone Funds • New York
AGREEMENT, made as of July 20, 2017, between AdvisorOne Funds, a Delaware business trust (the “Trust”), and CLS Investments, LLC, a Nebraska limited liability company (the “Adviser”).
UNDERWRITING AGREEMENTUnderwriting Agreement • August 25th, 2017 • Advisorone Funds • Nebraska
THIS UNDERWRITING AGREEMENT effective the 30th day of April, 2015, by and between ADVISORONE FUNDS, a Delaware statutory trust, having its principal office and place of business at 17605 Wright Street, Omaha, Nebraska 68130 (the “Trust”), and NORTHERN LIGHTS DISTRIBUTORS, LLC, a Nebraska limited liability company having its principal office and place of business at 17605 Wright Street, Omaha, Nebraska 68130 (“NLD”).
April 20, 2017 AdvisorOne Funds Board of Trustees c/o Brian Nielsen, Secretary of the Board 17605 Wright Street Omaha, NE 68130 Re: Advisory Fee Waivers Dear Mr. Nielsen:Advisorone Funds • August 25th, 2017
In connection with that certain Investment Advisory Agreement dated April 20, 2017 (the “Agreement”) by and between CLS Investments, LLC (the “Adviser”) and the AdvisorOne Funds (the “Funds”), CLS has contractually agreed to waive a portion of its advisory fees for the benefit of the Funds, and to contractually bind itself, to waive or limit its management fees and to reimburse expenses, other than expenses relating to dividends on short sales, interest expense, indirect fees and expenses of underlying funds, and extraordinary or non-recurring expenses, through August 31, 2018, so that the annual operating expenses of the Funds do not exceed the percentage of average daily net assets indicated below:
