# EDGAR Filing Document

**Accession Number:** 0000836267
**File Stem:** 0002000324-25-003094
**Filing Date:** 2025-8
**Character Count:** 13206
**Document Hash:** 2fc737864ac6112dd404a3525983543b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003094.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0002000324-25-003094

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**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:** 251250421

**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 UTILITIES AND INCOME FUND (Series ID: S000067905)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217719 | Institutional Class | ICTUX           |
| C000217720 | Investor Class      | ICTVX           |

## 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 UTILITIES AND INCOME FUND

- **b. EDGAR series identifier (if any):** S000067905

- **c. LEI of Series:** 254900SF9BSOL4J02P15

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $22952691.52

**Total Liabilities:** $237681.98

**Net Assets:** $22715009.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217720 | -0.64%               | -0.60%               | -1.38%               |
| Class ID C000217719 | -0.54%               | -0.58%               | -1.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-201176.28                                |
| Month 2  | $7638.75                 | $-248527.93                                |
| Month 3  | $-132655.30              | $-183884.32                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Electric Power Co, Inc.                                   | American Electric Power Co, Inc. COM USD6.50                                | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     12240 | NS      | $1270022.40   | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp.                                                          | AES Corp. COM USD0.01                                                       | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     47317 | NS      | $497774.84    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                                                 | Atmos Energy Corp. COM NPV                                                  | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      9500 | NS      | $1464045.00   | 6.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Allete Inc                                                         | Allete Inc COM NPV                                                          | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     13500 | NS      | $864945.00    | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                                       | Ameren Corp. COM USD0.01                                                    | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     12082 | NS      | $1160355.28   | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                                             | CMS Energy Corporation COM USD0.01                                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     12200 | NS      | $845216.00    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                                            | Black Hills Corporation COM USD1                                            | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     12237 | NS      | $686495.70    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                                          | Consolidated Edison, Inc. COM USD0.10                                       | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     11100 | NS      | $1113885.00   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                                     | DTE Energy Co. COM NPV                                                      | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      8559 | NS      | $1133725.14   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                                 | NextEra Energy Inc COM USD0.01                                              | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     13762 | NS      | $955358.04    | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                                         | New Jersey Resources Corp. COM USD2.5                                       | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     21000 | NS      | $941220.00    | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                                    | Xcel Energy Inc COM USD2.5                                                  | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     17400 | NS      | $1184940.00   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                                    | T-Mobile US Inc COM USD0.00001                                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      5700 | NS      | $1358082.00   | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                                      | NiSource Inc. COM USD0.01                                                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     26500 | NS      | $1069010.00   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                                          | National Fuel Gas Company COM USD1                                          | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     17341 | NS      | $1468956.11   | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company                                  | Portland General Electric Company COM STK NPV                               | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     13880 | NS      | $563944.40    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Suburban Propane Partners LP / Suburban Energy Finance Corporation | Suburban Propane Partners LP / Suburban Energy Finance Corporation COM USD1 | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |     24214 | NS      | $448685.42    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                                      | ONE Gas, Inc. COM USD0.01                                                   | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     12600 | NS      | $905436.00    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                                                 | Vodafone Group PLC SPON ADR EACH REP 10 ORD                                 | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    140000 | NS      | $1492400.00   | 6.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                                  | Eversource Energy COM USD5                                                  | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     15300 | NS      | $973386.00    | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                                          | Spire Inc COM USD1                                                          | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     16000 | NS      | $1167840.00   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                                          | First American Funds Inc. GOVT OBLIGS X                                     | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    121920 | OU      | $121919.62    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                                         | Evergy Inc COM NPV                                                          | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     16900 | NS      | $1164917.00   | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** SCM Trust

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO