CLS Investments [profile] is pulling the plug on one of the funds in its AdvisorOne family. Omaha, Nebraska-based CLS plans to shutter the Reservoir Fund next month.

The fund has AUM of $677,016, according to Morningstar.

A CLS spokesperson was not immediately available for comment on the fund's liquidation.

"The Board of Trustees of the AdvisorOne Funds (the "Trust"), has concluded that due to the relative small asset size of the Reservoir Fund (the "Fund"), it is in the best interests of the Fund and its shareholders that the Fund cease operations," CLS officials said in an SEC filing. 

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