# EDGAR Filing Document

**Accession Number:** 0000836267
**File Stem:** 0001387131-23-002584
**Filing Date:** 2023-2
**Character Count:** 13772
**Document Hash:** 40060f6f623b7dec58763df64f9d2e0a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002584.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001387131-23-002584

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCM Trust
- **CENTRAL INDEX KEY:** 0000836267
- **IRS NUMBER:** 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:** 23686806

**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 EQUITY FUND (Series ID: S000067900)

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

## 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:** 1875 Lawrence Street, Suite 300

  - **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 EQUITY FUND

- **b. EDGAR series identifier (if any):** S000067900

- **c. LEI of Series:** 2549003HA4R16ERI1H91

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $58390717.56

**Total Liabilities:** $252611.47

**Net Assets:** $58138106.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217709 | -4.58%               | 1.05%                | 11.87%               |
| Class ID C000217710 | -4.62%               | 1.05%                | 11.83%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $828086.79               | $-3672328.55                               |
| Month 2  | $69994.45                | $504627.65                                 |
| Month 3  | $197368.87               | $6429176.87                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Baker Hughes Company                            | Baker Hughes Company COM USD0.0001 CL A                      | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73200 | NS      | $2161596.00   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc                    | Advanced Drainage System Inc COM USD0.01                     | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     19900 | NS      | $1631203.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.                | Armstrong World Industries, Inc. COM STK USD0.01             | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     21600 | NS      | $1481544.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                     | Bank of America Corporation COM USD0.01                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     32488 | NS      | $1076002.56   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                                 | CSX Corporation COM USD1                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     36200 | NS      | $1121476.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                       | Adobe Inc COM USD0.0001                                      | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3100 | NS      | $1043243.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                             | FIRST AMERN FDS INC GOVT OBLIGS X                            | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  10900299 | OU      | $10900299.02  | 18.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc.                           | Extreme Networks Inc. COM USD0.001                           | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    205979 | NS      | $3771475.49   | 6.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev N.V./S.A.                  | Anheuser-Busch InBev N.V./S.A. ADR EA REP 1 ORD NPV          | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     18800 | NS      | $1128752.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                 | Alamo Group Inc COM USD0.10                                  | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     19500 | NS      | $2761200.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| American Equity Investment Life Holding Company | American Equity Investment Life Holding Company COM USD1     | CUSIP: 025676206<br>LEI: 549300RK5RZQ740FPL83 | Long             | EC               | CORP              | US        |     46200 | NS      | $2107644.00   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                              | Boston Beer Co Inc CLASS'A'COM USD0.01                       | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |      3600 | NS      | $1186272.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                            | Chart Industries Inc COM USD0.01                             | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     18000 | NS      | $2074140.00   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| The Chemours Company LLC                        | The Chemours Company LLC COM USD0.01 WI                      | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     18800 | NS      | $575656.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                             | Global Payments Inc COM NPV                                  | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     18862 | NS      | $1873373.84   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                         | MasterCard Incorporated COM USD0.0001 CLASS A                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8429 | NS      | $2931016.17   | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                      | Nike, Inc. CLASS'B'COM NPV                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     22700 | NS      | $2656127.00   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                       | Direxion Shares ETF Trust DAILY SEMICONDUCTOR BEAR 3X SHARES | CUSIP: 25460G336<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |     13400 | NS      | $529434.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc.                               | EPAM Systems Inc. COM USD0.001                               | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      7830 | NS      | $2566204.20   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                         | Euronet Worldwide, Inc. COM USD0.02                          | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     13350 | NS      | $1259973.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                            | JPMorgan Chase & Co. COM USD1.00                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     10200 | NS      | $1367820.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                     | LPL Financial Holdings Inc. COM USD0.001                     | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     14000 | NS      | $3026380.00   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                    | Truist Financial Corporation COM                             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     39100 | NS      | $1682473.00   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                        | Trinity Industries, Inc. COM USD0.01                         | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     86800 | NS      | $2566676.00   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Proshares Trust                                 | Proshares Trust SHORT QQQ NEW                                | CUSIP: 74347B714<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |     65100 | NS      | $958272.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Performance Food Group Company                  | Performance Food Group Company COM USD0.01                   | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     39500 | NS      | $2306405.00   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                         | Magna International Inc COM NPV                              | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     28200 | NS      | $1584276.00   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** SCM Trust

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO