# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0001999371-26-010164
**Filing Date:** 2026-5
**Character Count:** 22762
**Document Hash:** b163a91a569c0d342e3a1eca10f09c9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-010164.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001999371-26-010164

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHELTON FUNDS
- **CENTRAL INDEX KEY:** 0000778206

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04417
- **FILM NUMBER:** 26951816

**BUSINESS ADDRESS:**
- **STREET 1:** 1875 LAWRENCE STREET
- **STREET 2:** SUITE 300
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202-1805
- **BUSINESS PHONE:** 4153982727

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA INVESTMENT TRUST I
- **DATE OF NAME CHANGE:** 19870115

## Series and Classes Contracts Data

### The United States Treasury Trust (Series ID: S000016030)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044045 | Investor Shares | UTSXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000778206

### General Information

**Report for (YYYY-MM-DD):** 2026-04-30

**Registrant Full Name:** SHELTON FUNDS

**CIK Number of Registrant:** 0000778206

**LEI of Registrant:** 254900S73SCF59AAL583

**Name of Series:** The United States TreasuryTrust

**LEI of Series:** 254900VYM2FC2O1XO078

**EDGAR Series Identifier:** S000016030

**Total number of share classes in the series:** 1

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                         | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Shelton Capital Management                      | 801-25205         |
| Independent Public Accountant | Cohen & Company<br>City: Cleveland<br>State: OH |  |
| Administrator                 | Shelton Capital Management                      |  |
| Transfer Agent                | Paralel Technologies LLC<br>CIK: 0001898031     | 084-06828         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-00499

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Government

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** Yes

- **WAM:** 57 days

- **WAL:** 57 days

- **Total Value of Portfolio Securities:** $24512207.74

- **Amortized Cost of Portfolio Securities:** $24512690.45

- **Cash:** $73328.99

- **Total Other Assets:** $3015.59

- **Total Liabilities:** $100318.84

- **Net Assets of Series:** $24488233.48

- **Number of Shares Outstanding (Series):** 24501080.0900

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2026-04-01 | $24491835.13              | $24491835.13               | 99.9400%                  | 99.9400%                   |
| 2026-04-02 | $24466332.95              | $24466332.95               | 99.9500%                  | 99.9500%                   |
| 2026-04-06 | $26477727.43              | $26477727.43               | 99.9500%                  | 99.9500%                   |
| 2026-04-07 | $26369388.00              | $26369388.00               | 99.9500%                  | 99.9500%                   |
| 2026-04-08 | $26272545.15              | $26272545.15               | 99.9500%                  | 99.9500%                   |
| 2026-04-09 | $26143527.76              | $26143527.76               | 99.9500%                  | 99.9500%                   |
| 2026-04-10 | $26100601.09              | $26100601.09               | 99.9500%                  | 99.9500%                   |
| 2026-04-13 | $26099228.00              | $26099228.00               | 99.9500%                  | 99.9500%                   |
| 2026-04-14 | $25595767.63              | $25595767.63               | 99.9500%                  | 99.9500%                   |
| 2026-04-15 | $25570291.48              | $25570291.48               | 99.9500%                  | 99.9500%                   |
| 2026-04-16 | $25325920.50              | $25325920.50               | 99.9500%                  | 99.9500%                   |
| 2026-04-17 | $25335896.38              | $25335896.38               | 99.9500%                  | 99.9500%                   |
| 2026-04-20 | $25457100.05              | $25457100.05               | 99.9500%                  | 99.9500%                   |
| 2026-04-21 | $25176944.08              | $25176944.08               | 99.9500%                  | 99.9500%                   |
| 2026-04-22 | $25082709.90              | $25082709.90               | 99.9500%                  | 99.9500%                   |
| 2026-04-23 | $24932282.57              | $24932282.57               | 99.9500%                  | 99.9500%                   |
| 2026-04-24 | $24940664.27              | $24940664.27               | 99.9500%                  | 99.9500%                   |
| 2026-04-27 | $24569810.22              | $24569810.22               | 99.9500%                  | 99.9500%                   |
| 2026-04-28 | $24567873.62              | $24567873.62               | 99.9500%                  | 99.9500%                   |
| 2026-04-29 | $24571213.11              | $24571213.11               | 99.9500%                  | 99.9500%                   |
| 2026-04-30 | $24585536.73              | $24585536.73               | 99.9500%                  | 99.9500%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2026-04-01 | 3.6300%             |
| 2026-04-02 | 3.6300%             |
| 2026-04-06 | 3.6300%             |
| 2026-04-07 | 3.6300%             |
| 2026-04-08 | 3.6400%             |
| 2026-04-09 | 3.6400%             |
| 2026-04-10 | 3.6400%             |
| 2026-04-13 | 3.6400%             |
| 2026-04-14 | 3.6400%             |
| 2026-04-15 | 3.6400%             |
| 2026-04-16 | 3.6400%             |
| 2026-04-17 | 3.6400%             |
| 2026-04-20 | 3.6400%             |
| 2026-04-21 | 3.6400%             |
| 2026-04-22 | 3.6400%             |
| 2026-04-23 | 3.6400%             |
| 2026-04-24 | 3.6400%             |
| 2026-04-27 | 3.6500%             |
| 2026-04-28 | 3.6500%             |
| 2026-04-29 | 3.6500%             |
| 2026-04-30 | 3.6500%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2026-04-01 | 0.9994                      |
|  |  |
| 2026-04-02 | 0.9995                      |
|  |  |
| 2026-04-06 | 0.9995                      |
|  |  |
| 2026-04-07 | 0.9995                      |
|  |  |
| 2026-04-08 | 0.9995                      |
|  |  |
| 2026-04-09 | 0.9995                      |
|  |  |
| 2026-04-10 | 0.9995                      |
|  |  |
| 2026-04-13 | 0.9995                      |
|  |  |
| 2026-04-14 | 0.9995                      |
|  |  |
| 2026-04-15 | 0.9995                      |
|  |  |
| 2026-04-16 | 0.9995                      |
|  |  |
| 2026-04-17 | 0.9995                      |
|  |  |
| 2026-04-20 | 0.9995                      |
|  |  |
| 2026-04-21 | 0.9995                      |
|  |  |
| 2026-04-22 | 0.9995                      |
|  |  |
| 2026-04-23 | 0.9995                      |
|  |  |
| 2026-04-24 | 0.9995                      |
|  |  |
| 2026-04-27 | 0.9995                      |
|  |  |
| 2026-04-28 | 0.9995                      |
|  |  |
| 2026-04-29 | 0.9995                      |
|  |  |
| 2026-04-30 | 0.9995                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: Investor Shares

- **Minimum Initial Investment:** $1000.00

- **Net Assets of Class:** $24488233.48

- **Number of Shares Outstanding:** 24501080.0900

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-04-01 | 0.9994          |
|  |  |
| 2026-04-02 | 0.9995          |
|  |  |
| 2026-04-06 | 0.9995          |
|  |  |
| 2026-04-07 | 0.9995          |
|  |  |
| 2026-04-08 | 0.9995          |
|  |  |
| 2026-04-09 | 0.9995          |
|  |  |
| 2026-04-10 | 0.9995          |
|  |  |
| 2026-04-13 | 0.9995          |
|  |  |
| 2026-04-14 | 0.9995          |
|  |  |
| 2026-04-15 | 0.9995          |
|  |  |
| 2026-04-16 | 0.9995          |
|  |  |
| 2026-04-17 | 0.9995          |
|  |  |
| 2026-04-20 | 0.9995          |
|  |  |
| 2026-04-21 | 0.9995          |
|  |  |
| 2026-04-22 | 0.9995          |
|  |  |
| 2026-04-23 | 0.9995          |
|  |  |
| 2026-04-24 | 0.9995          |
|  |  |
| 2026-04-27 | 0.9995          |
|  |  |
| 2026-04-28 | 0.9995          |
|  |  |
| 2026-04-29 | 0.9995          |
|  |  |
| 2026-04-30 | 0.9995          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-04-01 | $62777.37                 | $688729.00              |
| 2026-04-02 | $1586372.14               | $1607709.43             |
| 2026-04-06 | $2701371.78               | $692276.52              |
| 2026-04-07 | $570.92                   | $112058.32              |
| 2026-04-08 | $324279.89                | $424059.27              |
| 2026-04-09 | $83156.73                 | $215276.32              |
| 2026-04-10 | $114012.02                | $164154.78              |
| 2026-04-13 | $691.41                   | $4319.52                |
| 2026-04-14 | $17324.57                 | $523001.67              |
| 2026-04-15 | $72686.92                 | $100725.74              |
| 2026-04-16 | $19694.67                 | $266843.71              |
| 2026-04-17 | $2719.00                  | $492.13                 |
| 2026-04-20 | $118651.62                | $0.00                   |
| 2026-04-21 | $16088.15                 | $284071.15              |
| 2026-04-22 | $17357.44                 | $114386.45              |
| 2026-04-23 | $486.92                   | $153322.79              |
| 2026-04-24 | $312.31                   | $797.66                 |
| 2026-04-27 | $4352.31                  | $377527.00              |
| 2026-04-28 | $1500.00                  | $5966.00                |
| 2026-04-29 | $987.73                   | $31.40                  |
| 2026-04-30 | $48749.84                 | $36916.00               |

**Total Gross Subscriptions (Month):** $5180763.25

**Total Gross Redemptions (Month):** $5771869.54

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-04-01 | 2.7300%           |
| 2026-04-02 | 2.7700%           |
| 2026-04-06 | 2.8300%           |
| 2026-04-07 | 2.7700%           |
| 2026-04-08 | 2.7700%           |
| 2026-04-09 | 2.7700%           |
| 2026-04-10 | 2.7800%           |
| 2026-04-13 | 2.7800%           |
| 2026-04-14 | 2.7600%           |
| 2026-04-15 | 2.7700%           |
| 2026-04-16 | 2.7600%           |
| 2026-04-17 | 2.7600%           |
| 2026-04-20 | 2.7800%           |
| 2026-04-21 | 2.7700%           |
| 2026-04-22 | 2.7800%           |
| 2026-04-23 | 2.7700%           |
| 2026-04-24 | 2.7800%           |
| 2026-04-27 | 2.7800%           |
| 2026-04-28 | 2.7900%           |
| 2026-04-29 | 2.7900%           |
| 2026-04-30 | 2.7800%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category      | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 100.0000%        | 12.8600%             |
| Retail investor |  | 100.0000%        | 8.8800%              |
| Retail investor |  | 100.0000%        | 8.2900%              |
| Other           | Private Shareholder | 100.0000%        | 6.2900%              |
| Retail investor |  | 100.0000%        | 5.6700%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QN0, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2746442.38
- **C.18.a - Value (excl. sponsor support):** $2746442.38
- **C.19 - Percentage of Net Assets:** 11.2200%
- **C.17 - Yield as of Reporting Date:** 3.3700%
- **C.11 - Maturity Date (WAM):** 2026-05-14
- **C.12 - Maturity Date (WAL):** 2026-05-14
- **C.13 - Final Legal Maturity Date:** 2026-05-14
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QX8, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1991800.00
- **C.18.a - Value (excl. sponsor support):** $1991800.00
- **C.19 - Percentage of Net Assets:** 8.1300%
- **C.17 - Yield as of Reporting Date:** 3.5400%
- **C.11 - Maturity Date (WAM):** 2026-06-11
- **C.12 - Maturity Date (WAL):** 2026-06-11
- **C.13 - Final Legal Maturity Date:** 2026-06-11
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RG4, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1485481.32
- **C.18.a - Value (excl. sponsor support):** $1485481.32
- **C.19 - Percentage of Net Assets:** 6.0700%
- **C.17 - Yield as of Reporting Date:** 3.6300%
- **C.11 - Maturity Date (WAM):** 2026-08-06
- **C.12 - Maturity Date (WAL):** 2026-08-06
- **C.13 - Final Legal Maturity Date:** 2026-08-06
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SP3, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2748351.07
- **C.18.a - Value (excl. sponsor support):** $2748351.07
- **C.19 - Percentage of Net Assets:** 11.2200%
- **C.17 - Yield as of Reporting Date:** 3.1000%
- **C.11 - Maturity Date (WAM):** 2026-05-07
- **C.12 - Maturity Date (WAL):** 2026-05-07
- **C.13 - Final Legal Maturity Date:** 2026-05-07
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SV0, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2495031.25
- **C.18.a - Value (excl. sponsor support):** $2495031.25
- **C.19 - Percentage of Net Assets:** 10.1900%
- **C.17 - Yield as of Reporting Date:** 3.4500%
- **C.11 - Maturity Date (WAM):** 2026-05-21
- **C.12 - Maturity Date (WAL):** 2026-05-21
- **C.13 - Final Legal Maturity Date:** 2026-05-21
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TD9, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1990378.34
- **C.18.a - Value (excl. sponsor support):** $1990378.34
- **C.19 - Percentage of Net Assets:** 8.1300%
- **C.17 - Yield as of Reporting Date:** 3.5700%
- **C.11 - Maturity Date (WAM):** 2026-06-18
- **C.12 - Maturity Date (WAL):** 2026-06-18
- **C.13 - Final Legal Maturity Date:** 2026-06-18
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TE7, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2287249.86
- **C.18.a - Value (excl. sponsor support):** $2287249.86
- **C.19 - Percentage of Net Assets:** 9.3400%
- **C.17 - Yield as of Reporting Date:** 3.5500%
- **C.11 - Maturity Date (WAM):** 2026-06-25
- **C.12 - Maturity Date (WAL):** 2026-06-25
- **C.13 - Final Legal Maturity Date:** 2026-06-25
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TN7, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1488642.75
- **C.18.a - Value (excl. sponsor support):** $1488642.75
- **C.19 - Percentage of Net Assets:** 6.0800%
- **C.17 - Yield as of Reporting Date:** 3.6400%
- **C.11 - Maturity Date (WAM):** 2026-07-16
- **C.12 - Maturity Date (WAL):** 2026-07-16
- **C.13 - Final Legal Maturity Date:** 2026-07-16
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TP2, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1487558.64
- **C.18.a - Value (excl. sponsor support):** $1487558.64
- **C.19 - Percentage of Net Assets:** 6.0700%
- **C.17 - Yield as of Reporting Date:** 3.6200%
- **C.11 - Maturity Date (WAM):** 2026-07-23
- **C.12 - Maturity Date (WAL):** 2026-07-23
- **C.13 - Final Legal Maturity Date:** 2026-07-23
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 10: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TW7, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1979283.06
- **C.18.a - Value (excl. sponsor support):** $1979283.06
- **C.19 - Percentage of Net Assets:** 8.0800%
- **C.17 - Yield as of Reporting Date:** 3.6500%
- **C.11 - Maturity Date (WAM):** 2026-08-13
- **C.12 - Maturity Date (WAL):** 2026-08-13
- **C.13 - Final Legal Maturity Date:** 2026-08-13
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 11: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TX5, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2571208.15
- **C.18.a - Value (excl. sponsor support):** $2571208.15
- **C.19 - Percentage of Net Assets:** 10.5000%
- **C.17 - Yield as of Reporting Date:** 3.6400%
- **C.11 - Maturity Date (WAM):** 2026-08-20
- **C.12 - Maturity Date (WAL):** 2026-08-20
- **C.13 - Final Legal Maturity Date:** 2026-08-20
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 12: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797UP0, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1240780.93
- **C.18.a - Value (excl. sponsor support):** $1240780.93
- **C.19 - Percentage of Net Assets:** 5.0700%
- **C.17 - Yield as of Reporting Date:** 3.6200%
- **C.11 - Maturity Date (WAM):** 2026-07-14
- **C.12 - Maturity Date (WAL):** 2026-07-14
- **C.13 - Final Legal Maturity Date:** 2026-07-14
- **C.10 - Ratings:** N/A: N/A
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** Shelton Funds

**Date:** 2025-05-07

**By:** Gregory T. Pusch

**Name of Signing Officer:** Gregory T. Pusch

**Title of Signing Officer:** Chief Compliance Officer