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        <name>Ishares Trust</name>
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        <name>Schwab Strategic T</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="526882.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VanEck ETF Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK RETAIL ET</title>
        <cusip>92189F684</cusip>
        <identifiers>
          <isin value="US92189F6842"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4665000.00000000</valUSD>
        <pctVal>3.384518763432</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="4425738.00000000"/>
        </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>90000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2095200.00000000</valUSD>
        <pctVal>1.520095115357</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="294575.00000000"/>
        </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>210000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4300800.00000000</valUSD>
        <pctVal>3.120286880551</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>194338.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194338.82000000</valUSD>
        <pctVal>0.140995366077</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>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>3999842.00000000</valUSD>
        <pctVal>2.901937899199</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="297860.90000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VanEck ETF Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK MORNINGST</title>
        <cusip>92189F643</cusip>
        <identifiers>
          <isin value="US92189F6438"/>
        </identifiers>
        <balance>180000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13676400.00000000</valUSD>
        <pctVal>9.922407806262</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="7586.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard/Wellingtn</name>
        <lei>549300X1E8M3H6XRMS84</lei>
        <title>VANGUARD US MOMENTUM FACT</title>
        <cusip>921935508</cusip>
        <identifiers>
          <isin value="US9219355081"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5489800.00000000</valUSD>
        <pctVal>3.982921995175</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>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>6536900.00000000</valUSD>
        <pctVal>4.742606796288</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="875000.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exchange Traded Concepts Trust</name>
        <lei>549300TXJW88BSB0KL90</lei>
        <title>NIFTY IND FINANC</title>
        <cusip>301505640</cusip>
        <identifiers>
          <isin value="US3015056407"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1879305.00000000</valUSD>
        <pctVal>1.363460457601</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>2021-11-26</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>
