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NAV (12/31/23)
$33.80
YTD Returns (as of 12/31/23)
54.58%
Fund Assets (as of 12/31/23)
$1,487.5m
Overview
Objective
The Fund’s investment objective is to attempt to replicate the performance of the largest non-financial companies as measured by the Nasdaq-100 Index®.
Strategy Highlights
- The portfolio is built from approximately 100 equities that are included in the Nasdaq-100 Index and seeks to replicate the index’s performance
- To bolster the Fund’s efforts in replicating performance, the portfolio maintains similar sector weightings to the index
- Broad sector exposure
- Invests in the largest nonfinancial companies on the Nasdaq exchange
Fund Facts
Ticker
NASDX
CUSIP
82301Q726
Asset Class
US Equity
Fund Inception Date
January 18, 2000
No commissions | No annual account fees
Why Invest
Why Invest in the Nasdaq-100 Index Fund?
- Investment in companies that are at the forefront of innovation and companies that are mainstays in the US economy
- Access to a wide variety of companies in multiple sectors
- Access to a well-performing index with a low expense ratio
- Nasdaq-100 has outperformed the S&P 500 over the past 10 years
Source: Bloomberg L.P. as of 12/31/2023. The above chart is presented for the purpose of illustrating the long-term performance of large-cap growth markets versus the broader market over time. Index performance is not indicative of fund performance nor is it an indication of how a fund could or will perform. The S&P 500® Index is a market-capitalization-weighted index that measures the performance of the common stocks of 500 leading U.S. companies. Past performance does not guarantee future results. It is not possible for individuals to invest directly in an index. Performance figures for an index do not reflect deductions for sales charges, commissions, expenses or taxes.
Performance & Expenses
Performance |
||||||
|---|---|---|---|---|---|---|
| 4Q23 | YTD | 1 Years | 3 Years | 5 Years | 10 Years | |
| NASDX | 14.48% | 54.58% | 54.58% | 9.86% | 22.19% | 17.18% |
| S&P 500 Index | 11.68% | 26.26% | 26.26% | 9.98% | 15.66% | 12.01% |
| Nasdaq – 100 Index | 14.60% | 55.13% | 55.13% | 10.18% | 22.65% | 17.89% |
Total returns include changes in share price and the reinvestment of income dividends and all capital gains distributions. All performance figures reflect an expense reimbursement, where applicable. Without the expense reimbursement, the performance figures would be lower. Performance figures represent past performance and are not a guarantee of future results. It is not possible for individuals to invest directly in an index. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance data quoted. For more current month-end Fund performance information, please call our office at (800) 955-9988. The Investment objective of an index fund is to replicate the performance of the underlying index and the components of the index are determined by the index provider and not Shelton Capital Management.
Expenses |
|
|---|---|
| Gross Expense Ratio | 0.66% |
| Net Expense Ratio | 0.52% |
Holdings
Top 10 Holdings |
As of 12/31/23 |
|---|---|
| Apple Inc | 9.23% |
| Microsoft Corp | 8.62% |
| Amazon.com Inc | 4.84% |
| Broadcom Inc | 4.15% |
| Meta Platforms Inc | 3.85% |
| NVIDIA Corp | 3.77% |
| Tesla Inc | 3.69% |
| Alphabet Inc. – Class A | 2.55% |
| Alphabet Inc. – Class C | 2.49% |
| Costco Wholesale Corp | 2.33% |
| Total of Top 10 | 45.52% |
Sector Breakdown |
As of 6/30/23 |
|---|---|
| Technology | 45.57% |
| Communications | 25.95% |
| Consumer – Non-cyclical | 13.35% |
| Consumer – Cyclical | 9.29% |
| Government | 1.98% |
| Industrial | 1.98% |
| Utilities | 1.20% |
| Energy | 0.68% |
Growth of $10K
A hypothetical initial investment of $10,000 on 12/31/2013, would have grown to $48,815 (net of fees and including reinvested dividends) as of 12/31/2023. The information above shows the performance of Investor shares only.
Source: Morningstar Direct.
Important Information
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 fund’s Morningstar three-, five-, ten-year ratings respectively, 4 stars, 5 stars, 5 stars among 1,118, 1,031, 810 funds.
The Fund invests in the largest non-financial companies that are traded on the Nasdaq Stock Market. They are currently concentrated in the technology sector which has been among the volatile sectors of the U.S. stock market. During a declining stock market, this fund would lose money. It would potentially lose more money than other large cap funds.
Important Information for Morningstar® Rating
Nasdaq®, Nasdaq-100® and Nasdaq-100 Index® are trade or service marks of The Nasdaq Stock Market, Inc. which with its affiliates are the “Corporations”) and are licensed for use by the Fund. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Fund.
Shelton Funds are distributed by RFS Partners, a member of FINRA and affiliate of Shelton Capital Management.
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.sheltonfunds.com or call (800) 955-9988. A prospectus should be read carefully before investing.
INVESTMENTS ARE NOT FDIC INSURED OR BANK GUARANTEED AND MAY LOSE VALUE.