CTWXX Cash Trust Series II (MM)

000 A000000 05/31/2013
000 C000000 1029068
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ADVISORONE FUNDS
001 B000000 811-08037
001 C000000 4024933313
002 A000000 17605 Wright Street
002 B000000 OMAHA
002 C000000 NE
002 D010000 68130
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 11
007 C012300 23
007 C022300 MILESTONE TREASURY OBLIGATIONS FUND
007 C032300 N
008 A002301 CLS INVESTMENTS, LLC
008 B002301 A
008 C002301 801-57265
008 D012301 OMAHA
008 D022301 NE
008 D032301 68130
010 A002301 GEMINI FUND SERVICES, LLC
010 C012301 HAUPPAUGE
010 C022301 NY
010 C032301 11788
011 A002301 NORTHERN LIGHTS DISTRIBUTORS, LLC
011 B002301 8-65857
011 C012301 OMAHA
011 C022301 NE
011 C032301 68130
012 A002301 GEMINI FUND SERVICES, LLC
012 B002301 84-1964
012 C012301 OMAHA
012 C022301 NE
012 C032301 68130
013 A002301 TAIT WELLER & BAKER LLP
013 B012301 PHILADELPHIA
013 B022301 PA
013 B032301 19103
015 A002301 THE BANK OF NEW YORK MELLON
015 B002301 C

015 C012301 NEW YORK
015 C022301 NY
015 C032301 10286
015 E012301 X
018  002300 Y
019 A002300 N
019 B002300    0
020 A000001 WALLACH BETH
020 C000001    133
021  000000      133
022 A000001 SOCIETE GENERALE SEC CORP
022 C000001   6572000
022 D000001         0
022 A000002 CREDIT SUISEE
022 C000002   6190000
022 D000002         0
022 A000003 PARIBUS CORP
022 C000003   5355000
022 D000003         0
022 A000004 Bank of America Merrill Lynch
022 C000004   4235548
022 D000004         0
022 A000005 KNIGHT SECURITIES
022 C000005     53388
022 D000005     49949
022 A000006 BARCLAYS
022 C000006     25130
022 D000006         0
022 A000007 UBS SERCURITIES INC.
022 C000007      5082
022 D000007         0
022 A000008 WALLACH BETH
022 C000008         0
022 D000008      2890
023 C000000   22436148
023 D000000      52839
024  002300 Y
025 A002301 BNP PARIBAS
025 C002301 D
025 D002301   40000
025 A002302 MERRILL LYNCH PEIRCE FENNER + SMITH INC
025 C002302 D
025 D002302   34300
025 A002303 CREDIT SUISSE SECURITIES (USA) LLC
025 B002303 13-1898818
025 C002303 D
025 D002303   50000
025 A002304 SOCIETE GENERAL SEC CORP
025 C002304 D
025 D002304   45000
026 A000000 N

026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A012300    140731
028 A022300         0
028 A032300         0
028 A042300    120273
028 B012300    162062
028 B022300         0
028 B032300         0
028 B042300    187191
028 C012300    190170
028 C022300         0
028 C032300         0
028 C042300    160710
028 D012300    163151
028 D022300         0
028 D032300         0
028 D042300    211710
028 E012300    182150
028 E022300         0
028 E032300         0
028 E042300    161121
028 F012300    174756
028 F022300         1
028 F032300         0
028 F042300    181348
028 G012300   1013020
028 G022300         1
028 G032300         0
028 G042300   1022353
028 H002300         0
029  002300 N
030 A002300      0
030 B002300  0.00
030 C002300  0.00
031 A002300      0
031 B002300      0
032  002300      0
033  002300      0
034  002300 N
035  002300      0
036 B002300      0
037  002300 N
038  002300      0

039  002300 N
040  002300 Y
041  002300 Y
042 A002300   0
042 B002300   0
042 C002300   0
042 D002300   0
042 E002300   0
042 F002300   0
042 G002300   0
042 H002300   0
043  002300      0
044  002300      0
045  002300 Y
046  002300 N
047  002300 Y
048  002300  0.100
048 A012300        0
048 A022300 0.000
048 B012300        0
048 B022300 0.000
048 C012300        0
048 C022300 0.000
048 D012300        0
048 D022300 0.000
048 E012300        0
048 E022300 0.000
048 F012300        0
048 F022300 0.000
048 G012300        0
048 G022300 0.000
048 H012300        0
048 H022300 0.000
048 I012300        0
048 I022300 0.000
048 J012300        0
048 J022300 0.000
048 K012300        0
048 K022300 0.000
049  002300 N
050  002300 N
051  002300 N
052  002300 N
053 A002300 Y
053 B002300 Y
054 A002300 Y
054 B002300 Y
054 C002300 N
054 D002300 N
054 E002300 N
054 F002300 N

054 G002300 N
054 H002300 N
054 I002300 N
054 J002300 Y
054 K002300 N
054 L002300 N
054 M002300 Y
054 N002300 N
054 O002300 Y
055 A002300 N
055 B002300 N
056  002300 N
057  002300 N
058 A002300 N
059  002300 Y
060 A002300 Y
060 B002300 Y
061  002300   100000
062 A002300 Y
062 B002300  27.1
062 C002300   0.0
062 D002300  72.9
062 E002300   0.0
062 F002300   0.0
062 G002300   0.0
062 H002300   0.0
062 I002300   0.0
062 J002300   0.0
062 K002300   0.0
062 L002300   0.0
062 M002300   0.0
062 N002300   0.0
062 O002300   0.0
062 P002300   0.0
062 Q002300   0.0
062 R002300   0.0
063 A002300  47
063 B002300  0.0
064 A002300 Y
064 B002300 N
066 A002300 N
067  002300 N
068 A002300 N
068 B002300 N
069  002300 N
070 A012300 Y
070 A022300 Y
070 B012300 N
070 B022300 N
070 C012300 N
070 C022300 N

070 D012300 N
070 D022300 N
070 E012300 N
070 E022300 N
070 F012300 N
070 F022300 N
070 G012300 N
070 G022300 N
070 H012300 N
070 H022300 N
070 I012300 N
070 I022300 N
070 J012300 N
070 J022300 N
070 K012300 N
070 K022300 N
070 L012300 N
070 L022300 N
070 M012300 N
070 M022300 N
070 N012300 N
070 N022300 N
070 O012300 Y
070 O022300 N
070 P012300 N
070 P022300 N
070 Q012300 N
070 Q022300 N
070 R012300 N
070 R022300 N
071 A002300         0
071 B002300         0
071 C002300         0
071 D002300    0
072 A002300  6
072 B002300      294
072 C002300        0
072 D002300        0
072 E002300        0
072 F002300      128
072 G002300       27
072 H002300        0
072 I002300       28
072 J002300       11
072 K002300        0
072 L002300        8
072 M002300        0
072 N002300       20
072 O002300        0
072 P002300        0
072 Q002300        0

072 R002300        4
072 S002300       41
072 T002300      247
072 U002300        0
072 V002300        0
072 W002300       78
072 X002300      592
072 Y002300      308
072 Z002300       10
072AA002300        0
072BB002300        0
072CC012300        0
072CC022300        0
072DD012300        1
072DD022300        2
072EE002300        0
073 A012300   0.0000
073 A022300   0.0001
073 B002300   0.0000
073 C002300   0.0000
074 A002300       58
074 B002300   169300
074 C002300    62769
074 D002300        0
074 E002300        0
074 F002300        0
074 G002300        0
074 H002300        0
074 I002300        0
074 J002300        0
074 K002300        0
074 L002300      175
074 M002300      266
074 N002300   232568
074 O002300        0
074 P002300      166
074 Q002300        0
074 R012300        0
074 R022300        0
074 R032300        0
074 R042300      274
074 S002300        0
074 T002300   232128
074 U012300    37142
074 U022300    80091
074 V012300     1.00
074 V022300     1.00
074 W002300   0.0000
074 X002300       78
074 Y002300        0
075 A002300   254882

075 B002300        0
076  002300     0.00
077 A000000 Y
077 C000000 Y
078  000000 N
080 C002300        0
081 B002300   0
082 B002300        0
083 B002300        0
084 B002300        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
SIGNATURE   CHRISTINE PALERMO
TITLE       FUND ADMIN MGR