Advisorone Funds Operating Expenses Limitation Sample Contracts

ADVISORONE FUNDS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT HORIZON ACTIVE ASSET ALLOCATION FUND HORIZON ACTIVE INCOME FUND
Advisorone Funds Operating Expenses Limitation • March 28th, 2014 • Advisorone Funds • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 15th day of December 2011, as amended July 25, 2013 by and between ADVISORONE FUNDS, a Delaware business trust (the “Trust”), on behalf of the HORIZON ACTIVE ASSET ALLOCATION FUND and the HORIZON ACTIVE INCOME FUND (the “Funds”) each a series of the Trust, and the advisor of the Funds, Horizon Investments, LLC (the “Advisor”).

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