Shelton Capital Management, a multi-strategy asset manager delivering sophisticated investment solutions, announced that its Nasdaq-100 Index Fund (Ticker: NASDX) received the 2020 Refinitiv Lipper Fund Award for Best Fund over ten years in the Large Cap Growth Fund category.
The Fund is available on major brokerage platforms including Charles Schwab, TD Ameritrade, and Fidelity, and through several 401(k) platforms and offerings. The Refinitiv Lipper Fund Award is based on the Lipper Leaders for Consistent Return rating, a risk-adjusted performance measure calculated over 36, 60, and 120 months ending November 30, 2019. The Fund’s peer group consisted of 135 Large Cap Growth Funds.
“At Shelton Capital Management, we are committed to helping our clients achieve their long-term investing goals, and we believe the Nasdaq-100 Index Fund can be a key holding in a diversified portfolio,” said Shelton Capital Managing Director, Dennis Clark. “We are thrilled that the Fund has been recognized again by the prestigious Refinitiv Lipper Fund Awards for providing consistently strong, risk-adjusted performance relative to its peers. The fact that this award is based entirely on objective, quantitative criteria validates our devotion to delivering strong performance with low fees for long-term investors.”
The Fund, which seeks to replicate the performance of the largest non-financial companies as measured by the Nasdaq-100 Index®, can be a popular offering in 401(k) platforms. It is likely appealing to Millennial investors because the index includes category-defining companies on the forefront of innovation—from Apple, Microsoft and Alphabet, to Amgen, Starbucks and Tesla.
“We come to work every day trying to help people focus on the importance of retirement savings,” said Ann Margaret Williams, Director of Retirement Plan Services at Shelton Capital Management. “The Nasdaq-100 Index Fund is so compelling because the wide variety of companies in the index are ones that investors are very familiar with in their everyday lives. It really is an easy choice.”