# EDGAR Filing Document

**Accession Number:** 0000836267
**File Stem:** 0002000324-26-000810
**Filing Date:** 2026-3
**Character Count:** 12384
**Document Hash:** bf08336d59e21a183985dc3804e5b335
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000810.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0002000324-26-000810

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCM Trust
- **CENTRAL INDEX KEY:** 0000836267

**ORGANIZATION NAME:**
- **EIN:** 526400931
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05617
- **FILM NUMBER:** 26708805

**BUSINESS ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805
- **BUSINESS PHONE:** 800-955-9988

**MAIL ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHELTON GREATER CHINA FUND
- **DATE OF NAME CHANGE:** 20110614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAIWAN GREATER CHINA FUND
- **DATE OF NAME CHANGE:** 20040105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** R O C TAIWAN FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### ICON CONSUMER SELECT FUND (Series ID: S000067899)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217707 | Investor Class      | ICFAX           |
| C000217708 | Institutional Class | ICFSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SCM Trust

- **b. Investment Company Act file number:** 811-05617

- **c. CIK number of Registrant:** 0000836267

- **d. LEI of Registrant:** 254900SUSEM61EA08I06

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1125 17th Street, Ste. 2550

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202-1805

  - **Telephone number:** 800-955-9988

**Item A.2. Information about the Series.**

- **a. Name of Series:** ICON CONSUMER SELECT

- **b. EDGAR series identifier (if any):** S000067899

- **c. LEI of Series:** 254900KQ9M3SP3ZNTN29

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $29175836.06

**Total Liabilities:** $200820.57

**Net Assets:** $28975015.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217708 | -2.37%               | 1.30%                | 2.90%                |
| Class ID C000217707 | -2.42%               | 1.33%                | 2.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $278872.56               | $-946463.94                                |
| Month 2  | $395584.12               | $-916058.39                                |
| Month 3  | $0.00                    | $249004.00                                 |

### Schedule of Portfolio Investments

| Name                               | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Funds Inc.          | First American Funds Inc. GOVT OBLIGS X        | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    171828 | OU      | $171828.13    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.        | LPL Financial Holdings Inc. COM                | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      4711 | NS      | $1682627.87   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.  | The Hartford Insurance Group Inc. COM          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     12020 | NS      | $1656356.00   | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company           | American Express Company COM                   | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5500 | NS      | $2034725.00   | 7.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                           | Visa Inc COM CL A                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5100 | NS      | $1788621.00   | 6.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                  | Everest Group Ltd COM STK USD0.01              | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      3200 | NS      | $1085920.00   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated            | MasterCard Incorporated CL A                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2200 | NS      | $1255936.00   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                | Visteon Corporation COM NEW                    | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      7800 | NS      | $741780.00    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.        | Renaissancere Holdings Ltd. COM                | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      6500 | NS      | $1827540.00   | 6.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc.             | Gildan Activewear Inc. COM                     | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     24000 | NS      | $1499040.00   | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                      | Assurant Inc. COM                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      4742 | NS      | $1142110.70   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                 | Boston Beer Co Inc CL A                        | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |      2520 | NS      | $491727.60    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc             | Equitable Holdings Inc COM                     | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     39200 | NS      | $1867880.00   | 6.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.  | Fidelity National Financial, Inc. COM SHS      | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     20500 | NS      | $1119095.00   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                   | Lear Corporation COM NEW                       | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      6290 | NS      | $720834.00    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.            | Arch Capital Group Ltd. ORD                    | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     15200 | NS      | $1457984.00   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC | Coca-Cola Europacific Partners PLC COM EUR0.01 | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     18852 | NS      | $1709876.40   | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                          | eBay Inc. COM                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     11980 | NS      | $1043458.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                       | Gentherm Inc COM                               | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     12800 | NS      | $465536.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kearny Financial Corp.             | Kearny Financial Corp. COM                     | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14000 | NS      | $103740.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Madden(Steven)Ltd.                 | Madden(Steven)Ltd. COM                         | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     27000 | NS      | $1124280.00   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                 | Voya Financial Inc COM                         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     15733 | NS      | $1171951.17   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV      | Koninklijke Ahold Delhaize NV SPONSORED ADR NE | CUSIP: 500467501<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     35619 | NS      | $1454323.77   | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc.          | F&G Annuities & Life Inc. COMMON STOCK         | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1230 | NS      | $37945.50     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated | Huntington Bancshares Incorporated COM         | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     86316 | NS      | $1497582.60   | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** SCM Trust

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO