Investment objective & strategy
As of Aug. 21, 2025 · prospectusStrategy. The first two sentences in the second paragraph of the discussion of the Shelton International Select Equity Funds Principal Investment Strategies on page 7 of the Prospectus as well as the first two sentences in the second paragraph of the discussion of the Investment Objectives and Principal Strategies Shelton International Select Equity Fund on page 17 of the Prospectus are hereby deleted and replaced with the following: Under normal market conditions, the Fund seeks to achieve its investment objective by investing in a universe of stocks listed within the MSCI ACWI ex USA index, and the MSCI All-Country World ex USA Small Cap Index as well as those in other developed, emerging, and frontier markets. The first two sentences in the second paragraph of the discussion of the Shelton International Select Equity Funds Principal Investment Strategies on page 7 of the Prospectus as well as the first two sentences in the second paragraph of the discussion of the Investment Objectives and Principal Strategies Shelton International Select Equity Fund on page 17 of the Prospectus are hereby deleted and replaced with the following: Under normal market conditions, the Fund seeks to achieve its investment objective by investing in a universe of stocks listed within the MSCI ACWI ex USA index, and the MSCI All-Country World ex USA Small Cap Index as well as those in other developed, emerging, and frontier markets.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Nordnet AB publ | SAVE | $929.12K | 2.18% |
| Asahi Intecc Company Ltd. | AHICF | $916.98K | 2.16% |
| WCE Canola Future | SBV6 COMDTY | $870.33K | 2.05% |
| ROCKPOINT GAS STORAGE INC COMMON STOCK NPV | RGSI CN | $859.46K | 2.02% |
| Pexa Group Ltd NPV | PXAAF | $855.94K | 2.01% |
| WESDOME GOLD MIN | — | $849.79K | 2.00% |
| Nissan Chemical Industries Ltd | NNCHF | $846.11K | 1.99% |
| PRAIRIESKY ROYALTY LTD | — | $842.39K | 1.98% |
| FirstGroup PLC ORD GBP0.05 | FGROF | $840.73K | 1.98% |
| Max Company Ltd. | MXCLF | $809.01K | 1.90% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| SBH INTERNATIONAL SMALL CAP FUND · SBHSX, SBSIX | 8% | 1.06% |
| Nuveen Quant International Small Cap Equity Fund · TAISX, TIISX, TPISX, TLISX, TTISX, TAIWX | 6% | 0.00% |
| COMMONWEALTH JAPAN FUND · CNJFX | 5% | 1.75% |
Advisers
| Firm | Role |
|---|---|
| CCM Partners, LP. dba Shelton Capital Management | Adviser |
Footnotes
- Expense ratio as of May 5, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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