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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ssga Active Etf Trust</name>
        <lei>549300MAXSRPQ75ICU67</lei>
        <title>SPDR DOUBLELINE TR TACT E</title>
        <cusip>78467V848</cusip>
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          <isin value="US78467V8485"/>
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        <balance>296922.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES TIPS BOND ETF</title>
        <cusip>464287176</cusip>
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          <isin value="US4642871762"/>
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        <balance>12300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
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        <title>ISHARES MSCI USA</title>
        <cusip>46432F339</cusip>
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          <isin value="US46432F3394"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>N/A</lei>
        <title>ISHARES MSCI RUSSIA ETF</title>
        <cusip>46434G798</cusip>
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          <isin value="US46434G7988"/>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Global X Fds</name>
        <lei>5493003RA4QUTSYF1N15</lei>
        <title>GLOBAL X FINTECH ETF</title>
        <cusip>37954Y814</cusip>
        <identifiers>
          <isin value="US37954Y8140"/>
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        <balance>59068.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DBX ETF Trust</name>
        <lei>DNLQXYGHEZ10Q9SIK386</lei>
        <title>XTRACKERS HARVEST CSI 300</title>
        <cusip>233051879</cusip>
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          <isin value="US2330518794"/>
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        <balance>103500.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pimco Etf Tr</name>
        <lei>N/A</lei>
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        <cusip>72201R833</cusip>
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          <isin value="US72201R8337"/>
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        <balance>204257.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAVIS FUNDAMENTAL ETF TR</name>
        <lei>254900TFED1P6S2E2805</lei>
        <title>DAVIS SELECT WORLDWIDE ET</title>
        <cusip>23908L306</cusip>
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          <isin value="US23908L3069"/>
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        <balance>100000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Proshares Trust</name>
        <lei>5493005D9DS7C1P5AM59</lei>
        <title>PROSHARES SHORT 20+ TREAS</title>
        <cusip>74347X849</cusip>
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        <balance>179400.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES EXPONENTIAL TECH</title>
        <cusip>46434V381</cusip>
        <identifiers>
          <isin value="US46434V3814"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES GLOBAL HEALTHCARE</title>
        <cusip>464287325</cusip>
        <identifiers>
          <isin value="US4642873255"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JP Morgan Etf Trust</name>
        <lei>5493001E1K1DVWDV2464</lei>
        <title>JPMORGAN BETABUILDERS EUR</title>
        <cusip>46641Q720</cusip>
        <identifiers>
          <isin value="US46641Q7209"/>
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        <balance>240000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5200800.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pimco Etf Tr</name>
        <lei>N/A</lei>
        <title>PIMCO ACTIVE BOND EXCHANG</title>
        <cusip>72201R775</cusip>
        <identifiers>
          <isin value="US72201R7750"/>
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        <balance>117500.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>John Hancock Exchange-Traded Fund Trust</name>
        <lei>5493009IOCA1ISM4Y592</lei>
        <title>JOHN HANCOCK MULTI FACT F</title>
        <cusip>47804J404</cusip>
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        <balance>60000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indexiq Etf Tr</name>
        <lei>549300RB5MLWJ1UN5M66</lei>
        <title>IQ MERGER ARBITRAGE ETF</title>
        <cusip>45409B800</cusip>
        <identifiers>
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        <balance>146874.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Ishares Gold Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES GOLD TRUST</title>
        <cusip>464285105</cusip>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Schwab Strategic T</name>
        <lei>549300NAZEQOIX80E226</lei>
        <title>SCHWAB FUNDAMENTAL EM L/C</title>
        <cusip>808524730</cusip>
        <identifiers>
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        <balance>430000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Money Market Obligations Trust</name>
        <lei>25490005VWJDWX717014</lei>
        <title>FED HER GOVT OBLIG-INS</title>
        <cusip>60934N104</cusip>
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        <balance>13127766.63000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR S&amp;P HOMEBUILDERS ETF</title>
        <cusip>78464A888</cusip>
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        <balance>80000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Vanguard Asset All</name>
        <lei>549300EW16IGZDA38J20</lei>
        <title>VANGUARD SHORT-TERM TIPS</title>
        <cusip>922020805</cusip>
        <identifiers>
          <isin value="US9220208055"/>
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        <balance>286000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14483040.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>John Hancock Exchange-Traded Fund Trust</name>
        <lei>5493009IOCA1ISM4Y592</lei>
        <title>JOHN HANCOCK MULTI SMALL</title>
        <cusip>47804J842</cusip>
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        <balance>185000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>John Hancock Exchange-Traded Fund Trust</name>
        <lei>5493009IOCA1ISM4Y592</lei>
        <title>JOHN HANCOCK MULT FACT IN</title>
        <cusip>47804J883</cusip>
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        <balance>30000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Select Sector Spdr</name>
        <lei>5493008JJKIPMEX3CO91</lei>
        <title>FINANCIAL SELECT SECTOR S</title>
        <cusip>81369Y605</cusip>
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        <balance>130607.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Invesco Db Commodty Indx Trackng Fd</name>
        <lei>549300HIW8J5DIIYYM41</lei>
        <title>INVESCO DB COMMODITY INDE</title>
        <cusip>46138B103</cusip>
        <identifiers>
          <isin value="US46138B1035"/>
        </identifiers>
        <balance>155000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1960750.00000000</valUSD>
        <pctVal>0.575464401391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="235290.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI USA</title>
        <cusip>46432F388</cusip>
        <identifiers>
          <isin value="US46432F3881"/>
        </identifiers>
        <balance>385200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28115748.00000000</valUSD>
        <pctVal>8.251746572744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="996949.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Trust Exchange-Traded Fund IV</name>
        <lei>5493006CBTW7P2B31B80</lei>
        <title>FT TACTICAL HIGH YIELD ET</title>
        <cusip>33738D408</cusip>
        <identifiers>
          <isin value="US33738D4088"/>
        </identifiers>
        <balance>24150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1138189.50000000</valUSD>
        <pctVal>0.334049490903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1123061.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-11-27</ncom:dateSigned>
      <ncom:nameOfApplicant>AdvisorOne Funds</ncom:nameOfApplicant>
      <ncom:signature>Brian Curley</ncom:signature>
      <ncom:signerName>Brian Curley</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
