S&P 500 Index Fund (SPFIX)

Fund Objective

The Fund’s investment objective is to attempt to replicate the total return of the U.S. stock market as measured by the S&P 500 Composite Stock Price Index.

Strategy Highlights

  • Typically invests in large companies across many sectors, so it is not as sensitive to movements of a single stock or sector
  • Seeks high correlation to the Benchmark

Overall Morningstar RatingTM

morning star rating 4 SPFIX

SPFIX received an Overall Morningstar Rating of 4 stars among 1,292 Large Blend funds, based on risk-adjusted returns, as of 9/30/2024.* Important Information for Morningstar® Rating

Literature and Fund Information

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Fund Information

Shelton SP 500 Index Fund Fact Sheet 1Q2020

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Fund Management

2 Steve Rogers
CEO

Steve Rogers
2 Tony Jacoby
Portfolio Manager

Tony Jacoby, CFA
2 Steve Rogers

CEO

Steve Rogers

Steve Rogers is the Chief Executive Officer and Portfolio Manager at Shelton Capital Management. Steve has over 30 years of experience and joined Shelton Capital in 1993. He earned an MBA from the University of California, Berkeley and a B.A. from the University of Iowa.

 

2 Tony Jacoby

Portfolio Manager

Tony Jacoby, CFA

Tony Jacoby, CFA, joined Shelton Capital Management in November 2017. He earned a B.A. in Economics and a M.S. in Applied Mathematics with an Option in Applied Probability and Uncertainty Quantification from the University of Colorado.

Fund at a Glance

The S&P 500 Index Fund is made up of large-sized companies, many of which are leaders in their respective industries. The stocks in the Fund represent roughly 88% of the U.S. equity markets on a market capitalization basis. The diverse portfolio invests in each major market sector, giving the investor diversification across 500 U.S. stocks. The stocks held by the Fund are different than those included in the S&P MidCap and S&P SmallCap Funds. Therefore, it represents a diversification opportunity for investors in our other index funds.

Please note that diversification does not guarantee a profit or protect against loss.

Index investing has become one of the most popular investment styles in the United States. We feel that in efficient markets, the lower relative fees give our index funds a distinct advantage over actively managed funds with similar investment styles. Furthermore, investing in an index fund gives the investor diversification and a predictable management style.

  • The stocks in the Fund represent roughly 89.2% of the total market index as measured by the S&P 1500 Composite Index.
  • It is made up of large companies, many of which are leaders in their respective industries.

Important Information

An investment in the Fund involves risk, including possible loss of principal. Fund information is not intended to represent future portfolio composition.

*The fund’s Morningstar three-, five-, ten-year ratings respectively, 4 stars, 4 stars, 4 stars among 1,292, 1,189, 895 funds.

Portfolio holdings are subject to change and should not be considered a recommendation to buy individual securities. Investments in derivatives may be risker than other types of investments.

They may be more sensitive to changes in economic or market conditions than other types of investments. Many derivatives create leverage, which could lead to greater volatility and losses that significantly exceed the original investment. Positions in equity options can reduce equity market risk, but can limit the opportunity to profit from an increase in the market value of stocks in exchange for upfront cash as the time of selling the call option. Unusual market conditions or the lack of a ready market for any particular option at a specific time may reduce the effectiveness of option strategies and could result in losses.