SOURCE: CLS Investments, LLC

FiComm Partners

June 09, 2015 10:03 ET

CLS Shelter Fund (CLSHX) Crosses $100 Million AUM; Awarded 3-Year Five-Star Morningstar Rating™

OMAHA, NE--(Marketwired - June 09, 2015) -

  • The CLS Shelter Fund was rated in the Tactical Allocation category for the three year period ending 4/30/2015 out of 218 funds.
  • The Fund focuses on limiting the impact of large equity market declines; secondary investment objective is growth of capital.
  • Fund managed by Scott Kubie, CFA started in December 2009.
  • Fund has returned 8.80 percent over the past year, 12.52 percent over the past three years, and 7.15 percent over the past five years (as of 05/29/15).

CLS Investments, LLC ("CLS"), a third party money manager and a leading manager of exchange-traded funds ("ETFs"), has announced that its AdvisorOne CLS Shelter Fund (CLSHX) has crossed the $100 million AUM mark. This milestone, reached after nearly five and a half years since the fund's inception, is being announced in conjunction with a recent 3-Year five-star Morningstar Rating.[1]

The Shelter Fund primarily seeks to limit the impact of large equity market declines. The secondary investment objective is growth of capital. The Fund, which invests primarily in U.S. Treasury bills, individual equity securities, ETFs, open-end mutual funds and closed-end funds, was created on December 30, 2009. Established during a time of extreme market volatility, the Shelter Fund is built seeking to protect investors against potential dramatic market downturns by allowing the option to reinvest the fund's capital gains.

Managed by Chief Strategist of CLS Investments, Scott Kubie, CFA, the Fund returned 8.49 percent over the past year, 5.39 percent over the past five years and 5.77 percent since its inception (as of 03/31/15).

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Total annual operating expenses including underlying fund expenses for the Shelter Fund is 1.55% per the current prospectus. The advisor has agreed to a fee waiver agreement to limit total operating expenses at least through December 31, 2015, so that Class N Share direct expenses (not including expenses relating to dividends on short sales, interest expense, indirect fees and expenses of Underlying Funds and extraordinary or non-recurring expenses) do not exceed 1.15% per current prospectus of average daily net assets. Only the Fund's Board of Trustees may elect to terminate the waiver agreement. For performance information current to the most recent month-end, please call toll-free 1-866-811-0225.

"We're proud of the success the Fund has seen over the past few years, and the Fund crossing $100 million is a representation of how confident investors are in our product," said CLS Investments CEO, Todd Clarke. "Paired with the 3-Year five-star rating from Morningstar, my hope is that this Fund will continue to see positive results and achieve its primary function -- seeking to protect investors in very volatile markets."

According to Morningstar, the Morningstar Rating is a quantitative assessment of a fund's past performance, both return and risk, as measured from one to five stars. It uses focused comparison groups to better measure fund manager skill, giving investors the ability to quickly and easily identify funds that are worthy of further research and those with superior risk-adjusted returns.

The Shelter Fund's 3-year rating is five stars (based on a time period ending 4/30/15), with 218 other funds in the category.

CLS's AdvisorOne Funds were created in 1997, serve as the fundamental building blocks of many CLS strategies, and primarily invest in ETFs. The Funds are used in a variety of ways, based on efficiency, optimization, account size, and client preference. To learn more about CLS's AdvisorOne Funds please visit:

For more information about CLS Investments, visit

There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.

About CLS

CLS is an Omaha-based, family-owned and operated boutique registered investment advisor managing in excess of $6 billion. As one of the largest third party money managers and ETF strategists in the U.S., CLS partners with thousands of advisors, plan sponsors, and institutions to offer a full suite of outsourced portfolio management solutions for more than 35,000 individual investors. CLS specializes in creating portfolios based on a distinct risk budgeting methodology and active asset allocation approach. The CLS investment process is governed by systematic research across asset classes and strategies and the continuous measuring of risk. CLS claims compliance with the Global Investment Performance Standard (GIPS®). CLS is a member of NorthStar Financial Services Group (NorthStar), which currently has more than $310 billion in assets under management and administration as of April 30, 2015. To learn more, visit

When the Fund writes call options on its portfolio securities it limits its opportunity to profit and, consequently, the Fund could significantly under perform the market.

When the Fund invests in bonds or in Underlying Funds that own bonds, the value of your investment in the Fund will fluctuate with changes in interest rates. Long-term bonds are generally more sensitive to interest rate changes than short-term bonds. Issuers of fixed income securities may default on interest and principal payments. Generally, securities with lower debt ratings ("junk bonds") have greater credit risk.

Underlying Funds that are linked to foreign indexes may be riskier than U.S. investments because of factors such as unstable international political and economic conditions, currency fluctuations, foreign controls on investment and currency exchange, withholding taxes, a lack of adequate company information, less liquid and more volatile markets, and a lack of governmental regulation. Foreign companies that comprise the foreign index generally are not subject to accounting, auditing, and financial reporting standards comparable to those applicable to U.S. companies. Transaction costs and costs associated with custody services are generally higher for foreign securities held by these Underlying Funds.

The Fund engages in hedging activities by investing in inverse ETFs. Inverse ETF's may employ leverage, which magnifies the changes in the underlying stock index upon which they are based. Any strategy that includes inverse securities could cause the Fund to suffer significant losses.

Investments in Underlying Funds that own small and medium capitalization companies and direct investments in individual small and medium capitalization companies may be more vulnerable to adverse business or economic developments than investments in larger, more established organizations.

You will indirectly pay fees and expenses charged by the Underlying Funds in addition to the Fund's direct fees and expenses. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in stocks and bonds. Each Underlying Fund is subject to specific risks, depending on the nature of the Underlying Fund. These risks could include sector risk (increased risk from a focus on one or more sectors of the market), as well as risks associated with fixed income securities, real estate investments, and commodities.

Investors should carefully consider the investment objectives, risks, charges and expenses of the AdvisorOne Funds. This and other information about the AdvisorOne Funds is contained in the prospectus, which can be obtained by calling 1-866-811-0225. The prospectus should be read carefully before investing.

CLS Investments, LLC ("CLS") is an affiliated company of Northern Lights Distributors, LLC. The services offered by CLS are wholesaled through licensed representatives of Northern Lights Distributors, LLC. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.

[1] Source: Morningstar® 3/31/15. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-adjusted Return measure that accounts for variation in the fund's adjusted monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive a Morningstar Rating of 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund and rated separately.) The investment's independent Morningstar Rating metric is then compared against the open-end mutual fund universe's actual performance breakpoints to determine its extended performance rating. The Overall Morningstar Rating for a mutual fund is derived from a weighted average of the actual performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The CLS Shelter Fund rated: 3-stars for 5yrs, among 123 funds for the period ended 4/30/15. © 2015 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely.

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