Shelton Sustainable Equity Fund (NEXTX)

Fund Objective

The Fund’s investment objective is to achieve long-term capital appreciation by investing in stocks in the sustainable economy.

Strategy Highlights

  • Identifies sustainable economy companies that have above-average growth potential 
  • Invests in companies that work to improve human well-being and increase economic efficiencies, while significantly reducing environmental risks
  • Seeks companies which provide products and services that help economies adapt to, solve or mitigate the effects of key environmental and economic systemic risks

Literature and Fund Information

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Fund Information

NEXTX Commentary Shelton Green Alpha Fund Fact Sheet 1Q2020
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Fund Management

Bruce Kahn
Portfolio Manager

Bruce Kahn, Ph.D.
Derek Izuel
CIO and Portfolio Manager

Derek Izuel, CFA
Portfolio Manager

Justin Sheetz, CFA
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Portfolio Analyst

Nicolette DiMaggio
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Portfolio Analyst

Elena Chavez
Bruce Kahn

Portfolio Manager

Bruce Kahn, Ph.D.

Dr. Bruce Kahn is the lead Portfolio Manager of the Shelton Sustainable Equity Fund. Previously, Bruce was responsible for delivering technical advice to investors on MSCI’s ESG and Climate Solutions tools and data sets for investment decision making, risk management, reporting and engagement. His previous 18 years of work experience included portfolio management and other responsibilities at firms such as Citibank, Deutsche Bank, Macquarie Global Inc., and Sustainable Insight Capital Management. Dr. Kahn earned a PhD in Land Resources from University of Wisconsin, Madison, an MS in Fisheries and Allied Aquacultures from Auburn University, and a BA in Ecology and Evolutionary Biology from the University of Connecticut. Bruce served as an Agriculture Extension Agent in the United States Peace Corps in the Republic of Cameroon, (1989-1993), as a Fulbright Scholar in Israel from 1999-2001 and has been teaching courses in Sustainable Finance, Statistics and Agriculture as an adjunct professor at Columbia University’s Earth Institute since 2012.

Derek Izuel

CIO and Portfolio Manager

Derek Izuel, CFA

Derek joined Shelton Capital Management in January 2022 as Chief Investment Officer and Portfolio Manager of the International Fund and the Emerging Markets Fund. He has over 24 years of portfolio management experience at Invesco, HighMark Capital and Vitruvian Capital. Derek earned his MBA from the Ross School of Business at the University of Michigan and a B.S. in Computer Science from the University of California at Berkley.

Portfolio Manager

Justin Sheetz, CFA

Justin joined Shelton Capital Management in January 2022 as Portfolio Manager of the International Fund and the Emerging Markets Fund. His experience ranges from 12 years as an Investment Strategist at Blackrock/BGI’s Scientific Active Equity Group, 3 years as VP and Equity Analyst at HighMark Capital to 3 years as partner at Vitruvian Capital. Justin earned his MSc in Computational Finance and Risk Management from the University of Washington and a B.A. in International Studies from Colby College.

09.18.2023 Shelton Capital Walnut Street Photography 004

Portfolio Analyst

Nicolette DiMaggio

Nicolette DiMaggio joined Shelton Capital Management in August 2023. She is an analyst of the Shelton Sustainable Equity Fund and has over six years of investment experience. Previously, she was the co-director of investment research at WTW, working on their equity and index investment research teams for four years. She is also a published author of the financial literacy book series Stock Explore.

09.18.2023 Shelton Capital Walnut Street Photography 002

Portfolio Analyst

Elena Chavez

Elena Chavez joined Shelton Capital Management in August 2023. She is a research analyst on the Shelton Sustainable Equity Fund. Previously, she was an associate on the corporate credit team at Putnam Investments covering energy, chemicals, and media. She was also part of the ESG team within fixed income at Putnam. Elena holds a B.A. in International Relations and Economics from Tufts University. She speaks Spanish and Japanese and enjoys running, reading, and salsa dancing in her free time.

Fund at a Glance

Under normal market conditions, the Fund invests 80 percent of the net assets of the Fund (which includes the amount of any borrowings for investment purposes) in equities of “Sustainable Economy” companies. Shelton Capital Management evaluates a company’s performance on Environmental, Social and Governance factors (“ESG”) as contributing to a qualification as a Sustainable Economy company. Such factors include but are not limited to: GHG emissions, energy, water and waste management, productivity, product quality and safety, employee health safety, business ethics and corporate governance. The Fund will invest in U.S. common and foreign stocks and American Depository Receipts (“ADRs”). The Fund may invest in companies of all sizes and seeks diversification by economic sector and geography.

Important Information

It is possible to lose money by investing in a fund. Past performance does not guarantee future results. Any projections or other forward-looking statements regarding future events or performance of markets, companies, or otherwise are not necessarily indicative or differ from, actual events or results. 

An investment in the Fund involves risk, including possible loss of principal. Fund information is not intended to represent future portfolio composition. Portfolio holdings are subject to change and should not be considered a recommendation to buy individual securities.

The portfolio’s environmental focus may limit investment options available to the Fund and may result in lower returns than returns of funds not subject to such investment considerations. There are no assurances that the Fund will achieve its objective and or strategy. Investing in securities of small and medium-sized companies, even indirectly, may involve greater volatility than an investment in larger and more established companies.

Short-term performance may reflect conditions that are unsustainable and thus may not be repeated in the future. 

Investors should consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other information about the fund. To obtain a prospectus, visit www.sheltoncap.com or call (800) 955-9988. A prospectus should be read carefully before investing.

Shelton Funds are distributed by RFS Partners, a member of FINRA and affiliate of Shelton Capital Management.

As of October 10, 2022, Green Alpha advisors will no longer serve as sub-advisor to the Fund. As of October 10, 2022, Bruce Kahn will serve as lead portfolio manager of the Fund.

Effective December 20, 2022, the fund changed its name from Shelton Green Alpha Fund to Shelton Sustainable Equity Fund.

INVESTMENTS ARE NOT FDIC INSURED OR BANK GUARANTEED AND MAY LOSE VALUE.