N-PX 1 npx.htm ADVISORONE FUND N-PX

                                                                                  

                                                             

OMB APPROVAL

                                                      

--------------------------

                                                      

OMB Number: 3235-0582

                                                     

Expires:    March 31, 2006

                                                      

Estimated average burden

                                                      

hours per response 14.4

                                                     

---------------------------



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


FORM N-PX



ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number:  811-8037

                        

ADVISORONE FUNDS

________________________________________________________________________

(Exact name of registrant as specified in charter)


4020 South 147th Street, Omaha, NE   68137

  (Address of principal executive offices)             

             (Zip code)


ADVISORONE FUNDS

4020 South 147th Street

Omaha, NE 68137

(402) 493-3313

 Brian Nielsen, Secretary

________________________________________________________________________

(Name and address of agent for service)


Registrant's telephone number, including area code: (866) 811-0225



Date of fiscal year end:  April 30


Date of reporting period:  July 1, 2003 - June 30, 2004

                        

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 ( §§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.  


A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number.  Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609.  The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.  


COMMENTS:

Each of the AdvisorOne Funds is a  "Fund of Funds" and, as such, invests primarily in other investment companies .  


The Amerigo Fund was not entitled to vote on any matters relating to a portfolio security considered at any shareholder meeting during the year ended June 30, 2004. 


The CMG High Income Plus Fund was not entitled to vote on any matters relating to a portfolio security considered at any shareholder meeting during the year ended June 30, 2004. 


 

The Clermont Fund voted on the matter(s) as set forth on the attached table for the year ended June 30, 2004.


ITEM 1. PROXY VOTING RECORD: (see attached table)


Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30, 2004 with respect to which the Registrant was entitled to vote:


          (a). The name of the issuer of the portfolio security;


          (b). The exchange ticker symbol of the portfolio security;


          (c). The Council on Uniform Securities Identification Procedures ("CUSIP")     

                 number for the portfolio security;


          (d). The shareholder meeting date;


          (e). A brief identification of the matter voted on;


          (f). Whether the matter was proposed by the issuer or by a security holder;


          (g). Whether the Registrant cast its vote on the matter;


          (h). How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or

                withhold regarding election of directors); and


          (i). Whether the Registrant cast its vote for or against management.


SIGNATURES


[See General Instruction F]


Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant) :  


ADVISORONE FUNDS




By : (Signature and Title)*

/S/ W. Patrick Clarke


W. Patrick Clarke, President


Date :

August 25, 2004



* Print the name and title of each signing officer under his or her signature.






ADVISORONE FUNDS: CLERMONT FUND

     

Item 1, Exhibit A1

Investment Company Act file number:  811-8037

        

July 1, 2003 -  June 30, 2004

        
              
              

 

 

 

 

N-PX Form Requirements

 

 

 

 

 

(a) Issuer's Name

(b) Exchange Ticker Symbol

(c)"CUSIP" #

(d) Shareholder Meeting Date

(e) Matter Identification

(f) Proposal Type

(g) Voted

(h) Vote Cast

(i) For or Against Management

1

Templeton Global Income Fund, Inc.

XGIMX

880198106

2/27/2004

1) To vote for election of nominees to serve as Directors

Issuer

Yes

Abstain

N/A

 

 

 

 

 

2) To approve agreement and plan of reorganization from a Maryland corporation to a Delaware Statutory Trust

Issuer

Yes

Abstain

N/A

 

 

 

 

 

3) To amend Fund's fundamental Investment Restriction regarding borrowing and issuing Senior Securities

Issuer

Yes

Abstain

N/A

 

 

 

 

 

4) To amend Fund's fundamental Investment Restriction regarding industry concentration

Issuer

Yes

Abstain

N/A

 

 

 

 

 

5) To amend Fund's fundamental Investment Restriction regarding investments in commodities

Issuer

Yes

Abstain

N/A

 

 

 

 

 

6) To amend Fund's fundamental Investment Restriction regarding investments in real estate

Issuer

Yes

Abstain

N/A

 

 

 

 

 

7) To amend Fund's fundamental Investment Restriction regarding lending

Issuer

Yes

Abstain

N/A

 

 

 

 

 

8) To amend Fund's fundamental Investment Restriction regarding underwriting

Issuer

Yes

Abstain

N/A

 

 

 

 

 

9) To approve the elimination of certain of the Fund's fundamental investment restrictions

Issuer

Yes

Abstain

N/A






ADVISORONE FUNDS: AMERIGO FUND

   

Item 1, Exhibit A2

Investment Company Act file number:  811-8037

     

July 1, 2003 -  June 30, 2004

     
         
         
   

N-PX Form Requirements

   

(a) Issuer's Name

(b) Exchange Ticker Symbol

(c)"CUSIP" #

(d) Shareholder Meeting Date

(e) Matter Identification

(f) Proposal Type

(g) Voted

(h) Vote Cast

(i) For or Against Management

NA

NA

NA

NA

NA

NA

NA

NA

NA






ADVISORONE FUNDS: CMG HIGH INCOME PLUS FUND

  

Item 1, Exhibit A3

Investment Company Act file number:  811-8037

     

July 1, 2003 -  June 30, 2004

     
         
         
  

N-PX Form Requirements

  

(a) Issuer's Name

(b) Exchange Ticker Symbol

(c)"CUSIP" #

(d) Shareholder Meeting Date

(e) Matter Identification

(f) Proposal Type

(g) Voted

(h) Vote Cast

(i) For or Against Management

NA

NA

NA

NA

NA

NA

NA

NA

NA