SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant [x]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12
CLS ADVISORONE FUNDS
(Name of Registrant as Specified In Its Charter)
SAME
(Name of Person(s) Filing Proxy Statement, if other than Registrant)
Payment of Filing Fee (Check the appropriate box):
[x] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11(1).
1) Title of each class of securities to which transaction applies:
2) Aggregate number of securities to which transaction applies:
3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
4) Proposed maximum aggregate value of transaction:
5) Total fee paid:
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
2) Form, Schedule or Registration Statement No.:
3) Filing Party:
4) Date Filed:
<PAGE>
[CLS ADVISORONE LETTERHEAD]
{Date}
{Name of Registered Representative}
{Address}
{City}, {ST} {Zip}
Dear {Name of Registered Representative}:
We wanted to inform you that the CLS AdvisorOne Funds are holding a special
meeting of shareholders on December 22, 1999 to vote on a proposed
reorganization, interim investment advisory agreements and any other business
properly brought before the meeting. At the meeting, shareholders will be asked
to vote on a proposal to reorganize the Amerigo Fund and the Clermont Fund into
newly-created, separate investment portfolios of The Orbitex Group of Funds (the
"New Orbitex Funds"). The proposed reorganization is related to the pending
merger of Clarke Lanzen Skalla Investment Firm, Inc. ("CLS Investment Firm")
with and into a newly-created, wholly-owned, indirect subsidiary of Orbitex
Financial Services Group, Inc. ("New Advisor"). At the meeting, shareholders
also will be asked to vote on interim investment advisory agreements between the
CLS AdvisorOne Funds and New Advisor, which would be effective for the period
from the date on which the merger of CLS Investment Firm with and into New
Advisor occurs through the date on which the reorganization occurs.
The New Orbitex Funds will have substantially the same investment goals,
policies and strategies as those of the Amerigo and Clermont Funds. The New
Orbitex Funds' investment advisor will be New Advisor, which will employ the
same portfolio manager and other key management personnel as those employed by
CLS Investment Firm. New Advisor is expected to have the same name as CLS
Investment Firm.
The proxy statement describing the proposals and a sample proxy card are
enclosed for your reference. The proxy statements and proxy cards are being
mailed to shareholders on or about November 30, 1999. If you have any questions
about the proxy statement or any related matters, please do not hesitate to call
the CLS AdvisorOne Funds at (888) 455-4244.
Very truly yours,
W. Patrick Clarke
President
Enclosures
<PAGE>
[CLS ADVISORONE LETTERHEAD]
{Date}
{Contact Name}
{Name of Brokerage Firm}
{Address}
{City}, {ST} {Zip}
Dear {Contact Name at Brokerage Firm}:
We wanted to inform you that the CLS AdvisorOne Funds are holding a special
meeting of shareholders on December 22, 1999 to vote on a proposed
reorganization, interim investment advisory agreements and any other business
properly brought before the meeting. At the meeting, shareholders will be asked
to vote on a proposal to reorganize the Amerigo Fund and the Clermont Fund into
newly-created, separate investment portfolios of The Orbitex Group of Funds (the
"New Orbitex Funds"). The proposed reorganization is related to the pending
merger of Clarke Lanzen Skalla Investment Firm, Inc. ("CLS Investment Firm")
with and into a newly-created, wholly-owned, indirect subsidiary of Orbitex
Financial Services Group, Inc. ("New Advisor"). At the meeting, shareholders
also will be asked to vote on interim investment advisory agreements between the
CLS AdvisorOne Funds and New Advisor, which would be effective for the period
from the date on which the merger of CLS Investment Firm with and into New
Advisor occurs through the date on which the reorganization occurs.
The New Orbitex Funds will have substantially the same investment goals,
policies and strategies as those of the Amerigo and Clermont Funds. The New
Orbitex Funds' investment advisor will be New Advisor, which will employ the
same portfolio manager and other key management personnel as those employed by
CLS Investment Firm. New Advisor is expected to have the same name as CLS
Investment Firm.
The proxy statement describing the proposals and a sample proxy card are
enclosed for your reference. The proxy statements and proxy cards are being
mailed to shareholders on or about November 30, 1999. If you have any questions
about the proxy statement or any related matters, please do not hesitate to call
the CLS AdvisorOne Funds at (888) 455-4244.
Very truly yours,
W. Patrick Clarke
President
Enclosures
