N-Q 1 formnq.htm ADVISORONE N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED    MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number

811-08037



AdvisorOne Funds


(Exact name of registrant as specified in charter)


4020 South 147th Street, Omaha, NE

68137


(Address of principal executive offices)

(Zip code)


Gemini Fund Services, LLC., 150 Motor Parkway, Suite 205, Hauppauge, NY 11788


(Name and address of agent for service)


Registrant's telephone number, including area code:

402-493-3313



Date of fiscal year end:

4/30



Date of reporting period:7/31/04



Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.


A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public.  A registrant is not required to respond to the collection of information contained in Form N-Q 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 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.


Item 1.  Schedule of Investments.  




AMERIGO FUND

 

 

 

 

     

Schedule of Investments

    

July 31, 2004 (Unaudited)

    

 

 

 

 

 

 

 

Shares

 

Market Value

Common Stocks-3.05%

    

Diversified Companies-3.05%

    

Berkshire Hathaway, Inc- Class A*

 

             70

 

 $    6,107,500

Total Common Stocks (cost $6,402,113)

 

 

 

        6,107,500

     

Equity Funds-92.36%

    

Emerging Markets-5.33%

    

iShares MSCI Emerging Markets Fund

 

       68,500

 

      10,668,875

     

International Equity-28.19%

    

iShares MSCI Canada Index Fund

 

     414,000

 

        5,940,900

iShares MSCI EAFE Index Fund

 

     184,000

 

      25,189,600

iShares MSCI EMU Index Fund

 

       26,900

 

        1,600,550

iShares MSCI Japan Index Fund

 

  1,562,400

 

      15,374,016

iShares MSCI Pacific ex-Japan Index Fund

 

       92,700

 

        6,791,202

iShares MSCI Signapore Index Fund

 

     247,000

 

        1,556,100

    

      56,452,368

Large Cap Blend-21.13%

    

iShares Morningstar Large Core Index Fund*

 

       55,000

 

        3,199,350

iShares S&P Global 100 Index Fund

 

       16,000

 

           895,360

iShares S&P 100 Index Fund

 

     111,000

 

        5,972,910

iShares S&P 500 Index Fund

 

     105,200

 

      11,675,096

SPDR Industrials Select Sector

 

     129,000

 

        3,593,940

SPDR Materials Select Sector

 

       77,000

 

        2,015,090

SPDR Trust Series 1

 

     135,000

 

      14,960,700

    

      42,312,446

Large Cap Value-16.94%

    

iShares Russell 1000 Value Index Fund

 

     572,000

 

      33,919,600

    

 

Mid Cap Blend-0.17%

    

iShares Morningstar Mid Core Index Fund*

 

         6,000

 

           344,700

     

Mid Cap Growth-10.22%

    

iShares Russell Midcap Growth Index Fund

 

     281,900

 

      20,468,759

     

Mid Cap Value- 4.17%

    

iShares Dow Jones Select Dividend Index Fund

 

       58,000

 

        3,194,640

iShares Russell Midcap Value

 

       53,600

 

        5,157,392

    

        8,352,032

Speciality-6.21%

    

iShares Dow Jones US Healthcare Sector Index Fund

 

     114,500

 

        6,349,025

iShares NASDAQ Biotech Index Fund*

 

       90,000

 

        6,097,500

    

      12,446,525

     

Total Equity Funds (cost $180,844,567 )

 

 

 

    184,965,305

     

Money Market Funds- 5.58%

    

Goldman Sachs Prime Obligation Fund

 

  1,156,043

 

        1,156,043

Milestone Treasury Obligation Portfolio

 

 10,030,787

 

      10,030,787

Total Money Market Funds (cost $11,186,830)

 

 

 

      11,186,830

     

Total Investments (cost $198,433,510)-100.99%

 

 

 

 $ 202,259,635

Other Assets less Liabilities-(0.99)%

 

 

 

    (1,986,075)

NET ASSETS-100.00%

 

 

 

 $ 200,273,560

*Non-income producing security

    

EAFE- Europe, Australia, Far East

    

EMU- European Monetary Union

    

MSCI- Morgan Stanley Capital International

    

SPDR- Standard & Poors' Depository Receipts

    





CLERMONT FUND

 

 

 

 

     

Schedule of Investments

    

July 31, 2004 (Unaudited)

    

 

 

 

 

 

 

 

Shares

 

Market Value

Common Stocks-1.65%

    

Diversified Companies-1.65%

    

Berkshire Hathaway, Inc- Class A*

 

                13

 

 $      1,134,250

Total Common Stocks (cost $1,135,236)

 

 

 

          1,134,250

     

Bond Funds-35.42%

    

iShares IBOXX Liquid Corporates

 

          15,000

 

          2,201,423

iShares Lehman Aggregate Bond Fund

 

          14,330

 

          1,449,480

iShares Lehman 1-3 Year Treasury Bond Fund

 

        220,600

 

        18,042,874

Van Kampen Senior Income Trust

 

        318,000

 

          2,811,120

Total Bond Funds (cost $24,277,472)

 

 

 

        24,504,897

     

Equity Funds-45.66%

    

International Equity-12.86%

    

iShares MSCI EAFE Index Fund

 

          65,000

 

          8,898,500

     

Large Cap Blend-8.13%

    

iShares Morningstar Large Core Index Fund*

 

          51,820

 

          3,014,369

iShares S&P 500 Index Fund

 

          23,500

 

          2,608,030

    

          5,622,399

Large Cap Value-5.96%

    

iShares Russell 1000 Value Index Fund

 

          69,500

 

          4,121,350

     

Mid Cap Growth-5.83%

    

iShares Russell Midcap Growth Index Fund

 

          55,500

 

          4,029,855

     

Mid Cap Value- 9.78%

    

iShares Dow Jones Select Dividend Index Fund

 

        122,900

 

          6,769,332

     

Speciality-3.10%

    

iShares Dow Jones US Consumer Non Cyclical Sector Index Fund

 

          19,000

 

             925,680

iShares Dow Jones US Healthcare Sector Index Fund

 

          22,000

 

          1,219,900

    

          2,145,580

     

Total Equity Funds (cost $30,463,753)

 

 

 

        31,587,016

     

Money Market Funds-11.76%

    

Goldman Sachs Prime Obligation Fund

 

      2,978,576

 

          2,978,576

Milestone Treasury Obligation Portfolio

 

      5,158,436

 

          5,158,436

Total Money Market Funds (cost $8,137,012)

 

 

 

          8,137,012

     

U.S. Treasury Bonds-8.54%

 

 Principal  

  

U.S. Treasury TIP Bond, 3.375%, due 1/15/07

 

 $  5,034,882

 

          5,396,765

U.S. Treasury TIP Bond, 3.625%, due 1/15/08

 

        468,024

 

             512,285

Total U.S. Treasury Bonds (cost $5,988,517)

 

 

 

          5,909,050

     

Total Investments (cost $70,001,990)-103.03%

 

 

 

 $     71,272,225

Other Assets less Liabilities-(3.03)%

 

 

 

      (2,093,701)

NET ASSETS-100.00%

 

 

 

 $     69,178,524

*Non-income producing security

    

EAFE- Europe, Australia, Far East

    

MSCI- Morgan Stanley Capital International

    

TIP- Treasury Inflation Protected

    



Item 2. Controls and Procedures.


(a)

Based on an evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of filing date of this Form N-Q, the disclosure controls and procedures are reasonably designed to ensure that the information required in filings on Forms N-Q is recorded, processed, summarized, and reported on a timely basis.


(b)

There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.


Item 3.  Exhibits.  


Certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) (and Item 3 of Form N-Q) are filed herewith.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and 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  

9/28/04



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By (Signature and Title)

*/s/ W. Patrick Clarke

        W. Patrick Clarke, President

       

Date

9/28/04



By (Signature and Title)

*/s/ Michael J. Wagner

       Michael J. Wagner, Treasurer

        

Date

9/28/04