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        <curCd>USD</curCd>
        <valUSD>2485080.00000000</valUSD>
        <pctVal>1.472350433385</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI INT</title>
        <cusip>46434V449</cusip>
        <identifiers>
          <isin value="US46434V4499"/>
        </identifiers>
        <balance>252000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9835560.00000000</valUSD>
        <pctVal>5.827333940392</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK RETAIL ETF</title>
        <cusip>92189F684</cusip>
        <identifiers>
          <isin value="US92189F6842"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5214600.00000000</valUSD>
        <pctVal>3.089525717454</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="3556740.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>John Hancock Exchange-Traded Fund Trust</name>
        <lei>5493009IOCA1ISM4Y592</lei>
        <title>JOHN HANCOCK MULT FACT EN</title>
        <cusip>47804J701</cusip>
        <identifiers>
          <isin value="US47804J7019"/>
        </identifiers>
        <balance>102000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1941723.00000000</valUSD>
        <pctVal>1.150424413123</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="75231.40000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAVIS FUNDAMENTAL ETF TR</name>
        <lei>254900TFED1P6S2E2805</lei>
        <title>DAVIS SELECT INT</title>
        <cusip>23908L405</cusip>
        <identifiers>
          <isin value="US23908L4059"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10944450.00000000</valUSD>
        <pctVal>6.484324730256</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Money Market Obligations Trust</name>
        <lei>25490005VWJDWX717014</lei>
        <title>FED HER GOVT OBLIG-INS</title>
        <cusip>60934N104</cusip>
        <identifiers>
          <isin value="US60934N1046"/>
        </identifiers>
        <balance>15046.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15046.90000000</valUSD>
        <pctVal>0.008914928185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Covington Trust</name>
        <lei>549300JFYFTF85QAQR28</lei>
        <title>FIDELITY MOMENTUM FACTOR</title>
        <cusip>316092816</cusip>
        <identifiers>
          <isin value="US3160928160"/>
        </identifiers>
        <balance>102000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4867440.00000000</valUSD>
        <pctVal>2.883841724804</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Victory Portfolios II</name>
        <lei>N/A</lei>
        <title>VICTORYSHARES USAA MSCI U</title>
        <cusip>92647N568</cusip>
        <identifiers>
          <isin value="US92647N5683"/>
        </identifiers>
        <balance>55000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3828550.00000000</valUSD>
        <pctVal>2.268324259878</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="1477191.10000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PACER FDS TR</name>
        <lei>549300L3D3N0PW0L9M73</lei>
        <title>P/S H TBETA US M</title>
        <cusip>69374H618</cusip>
        <identifiers>
          <isin value="US69374H6181"/>
        </identifiers>
        <balance>96000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3971251.20000000</valUSD>
        <pctVal>2.352871306116</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vaneck Vectors Etf Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK MORNINGSTAR WIDE M</title>
        <cusip>92189F643</cusip>
        <identifiers>
          <isin value="US92189F6438"/>
        </identifiers>
        <balance>237000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17111400.00000000</valUSD>
        <pctVal>10.13809503349</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="3845680.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Covington Trust</name>
        <lei>549300JFYFTF85QAQR28</lei>
        <title>FIDELITY VALUE FACTOR ETF</title>
        <cusip>316092782</cusip>
        <identifiers>
          <isin value="US3160927824"/>
        </identifiers>
        <balance>131000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6166602.30000000</valUSD>
        <pctVal>3.653564299306</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>
          <isLoanByFund>N</isLoanByFund>
        </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>2021-05-28</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>
