# EDGAR Filing Document

**Accession Number:** 0000836267
**File Stem:** 0001999371-26-006228
**Filing Date:** 2026-3
**Character Count:** 9928
**Document Hash:** 981e2526985945e281bbc7d2bfb75ac8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-006228.hdr.sgml**: 20260318

**ACCESSION NUMBER**: 0001999371-26-006228

**CONFORMED SUBMISSION TYPE**: 24F-2NT

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260318

**DATE AS OF CHANGE**: 20260318

**EFFECTIVENESS DATE**: 20260318

**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:** 24F-2NT
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-176060
- **FILM NUMBER:** 26769292

**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

### SHELTON GREATER CHINA FUND (Series ID: S000034279)

---

|  |  |  |
|:---|:---|:---|
| Class Name                 | Ticker Symbol | Class ID   |
| SHELTON GREATER CHINA FUND | SGCFX         | C000105612 |

---

### SHELTON BDC INCOME FUND (Series ID: S000054271)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Investor Class      | LOANX         | C000170433 |
| Institutional Class | LOAIX         | C000173819 |

---

### SHELTON TACTICAL CREDIT FUND (Series ID: S000054578)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Investor Class      | DEBTX         | C000171442 |
| Institutional Class | DEBIX         | C000174064 |

---

### Shelton International Select Equity Fund (Series ID: S000055315)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Investor Class      | SISLX         | C000174094 |
| Institutional Class | SISEX         | C000174095 |

---

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

---

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

---

### ICON EQUITY FUND (Series ID: S000067900)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | IOLZX         | C000217709 |
| Investor Class      | ISTAX         | C000217710 |

---

### ICON EQUITY INCOME FUND (Series ID: S000067901)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | IOEZX         | C000217711 |
| Investor Class      | IEQAX         | C000217712 |

---

### ICON FLEXIBLE BOND FUND (Series ID: S000067902)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Investor Class      | IOBAX         | C000217713 |
| Institutional Class | IOBZX         | C000217714 |

---

### ICON HEALTH AND INFORMATION TECHNOLOGY FUND (Series ID: S000067903)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Investor Class      | ICTTX         | C000217715 |
| Institutional Class | ICTEX         | C000217716 |

---

### ICON Natural Resources and Infrastructure Fund (Series ID: S000067904)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Investor Class      | ICBAX         | C000217717 |
| Institutional Class | ICBMX         | C000217718 |

---

### ICON UTILITIES AND INCOME FUND (Series ID: S000067905)

---

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

---

### Shelton Emerging Markets Fund (Series ID: S000067906)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Institutional Shares | EMSQX         | C000217721 |
| Investor Shares      | EMSLX         | C000217722 |

---

### Shelton Large Cap Growth Fund (Series ID: S000077382)

---

|  |  |
|:---|:---|
| Class Name           | Class ID   |
| Institutional Shares | C000237774 |
| Investor Shares      | C000237775 |

---

### Shelton Equity Premium Income ETF (Series ID: S000092397)

---

|  |  |
|:---|:---|
| Class Name                        | Class ID   |
| Shelton Equity Premium Income ETF | C000260372 |

---

## Series and Classes Contracts Data

### SHELTON GREATER CHINA FUND (Series ID: S000034279)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000105612 | SHELTON GREATER CHINA FUND | SGCFX           |

### SHELTON BDC INCOME FUND (Series ID: S000054271)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000170433 | Investor Class      | LOANX           |
| C000173819 | Institutional Class | LOAIX           |

### SHELTON TACTICAL CREDIT FUND (Series ID: S000054578)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000171442 | Investor Class      | DEBTX           |
| C000174064 | Institutional Class | DEBIX           |

### Shelton International Select Equity Fund (Series ID: S000055315)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000174094 | Investor Class      | SISLX           |
| C000174095 | Institutional Class | SISEX           |

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

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

### ICON EQUITY FUND (Series ID: S000067900)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217709 | Institutional Class | IOLZX           |
| C000217710 | Investor Class      | ISTAX           |

### ICON EQUITY INCOME FUND (Series ID: S000067901)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217711 | Institutional Class | IOEZX           |
| C000217712 | Investor Class      | IEQAX           |

### ICON FLEXIBLE BOND FUND (Series ID: S000067902)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217713 | Investor Class      | IOBAX           |
| C000217714 | Institutional Class | IOBZX           |

### ICON HEALTH AND INFORMATION TECHNOLOGY FUND (Series ID: S000067903)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217715 | Investor Class      | ICTTX           |
| C000217716 | Institutional Class | ICTEX           |

### ICON Natural Resources and Infrastructure Fund (Series ID: S000067904)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217717 | Investor Class      | ICBAX           |
| C000217718 | Institutional Class | ICBMX           |

### ICON UTILITIES AND INCOME FUND (Series ID: S000067905)

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

### Shelton Emerging Markets Fund (Series ID: S000067906)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000217721 | Institutional Shares | EMSQX           |
| C000217722 | Investor Shares      | EMSLX           |

### Shelton Large Cap Growth Fund (Series ID: S000077382)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000237774 | Institutional Shares |  |
| C000237775 | Investor Shares      |  |

### Shelton Equity Premium Income ETF (Series ID: S000092397)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000260372 | Shelton Equity Premium Income ETF |  |

## FORM 24F-2NT: Annual Notice of Securities Sold Pursuant to Rule 24f-2

### 24F-2NT: Filer Information

**Filer CIK:** 0000836267

**Is this a LIVE or TEST Filing?:** LIVE

**Filer Investment Company Type:** N-1A

### 24F-2NT: Annual Filing Information

**1. Name and address of issuer:**

- **Name of Issuer:** SCM Trust

- **Address:** 1125 17th Street, Denver, CO 80202

**2. The Name and EDGAR Identifier of each series or class of securities for which this Form is filed:**

- [ ] Check box if the Form is being filed for all series and classes of the issuer.

**3. Investment Company Act File Number:** 811-05617

   **Securities Act File Number:** 333-176060

**4(a). Last day of fiscal year for which this Form is filed:** 12/31/2025

**4(b). Check box if this Form is being filed late:** [ ]

**4(c). Check box if this is the last time the issuer will be filing this Form:** [ ]

**5. Calculation of registration fee:**

- **(i) Aggregate sale price of securities sold during the fiscal year:** $408396208.00

- **(ii) Aggregate price of securities redeemed or repurchased during the fiscal year:** $278434176.00

- **(iii) Aggregate price of securities redeemed or repurchased during any prior fiscal year:** $1151859891.00

- **(iv) Total available redemption credits [add Items 5(ii) and 5(iii)]:** $1430294067.00

- **(v) Net sales:** $0.00

- **(vi) Redemption credits available for use in future years:** $-1021897859.00

- **(vii) Multiplier for determining registration fee:** 0.000138100

- **(viii) Registration fee due:** $0.00

**Explanatory Notes (if any):**
[X] Wire Transfer

**Signatures**

**Name and Title:** Gregory T. Pusch, CCO & GC

**Date:** 03/18/2026

**Signature:** /s/ Gregory T. Pusch