Milestone Treasury Obligations Fund

115 East Putnam Avenue

Greenwich, CT 06830

2012 HOLIDAY SCHEDULE

800-941-MILE (800-941-6453)

203-983-7518 (Fax)

mcm@milecap.com

HOLIDAY TRADING SCHEDULE

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Prospectus

Investors should carefully consider the investment objectives, risks, charges and expenses of the Milestone Treasury Obligations Fund. Other fees and expenses do apply to a continued investment in the fund. This and other information about the Milestone Treasury Obligations Fund is contained in the prospectus, which can be obtained by calling (800) 941-6453 and should be read carefully before investing.

The Milestone Treasury Obligations Fund is distributed by Northern Lights Distributors, LLC. The Milestone Treasury Obligations Fund is a separate series of the AdvisorOne Funds. CLS Investments, LLC (“CLS”) is the investment adviser to the AdvisorOne Funds and is an affiliated company of Northern Lights Distributors, LLC. The services offered by CLS are wholesaled through licensed representatives of Northern Lights Distributors, LLC. Information provided at milecap.com is intended only for persons who are eligible to purchase U.S.-registered investment funds. Investments are not FDIC-insured nor are they deposits of or guaranteed by a bank or any other entity, so you may lose money. All rights reserved.

0217-NLD-2/2/2012 115 East Putnam Avenue Greenwich, CT 06830 800-941-MILE mcm@milecap.com Privacy Terms