# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0002000324-26-001778
**Filing Date:** 2026-4
**Character Count:** 17984
**Document Hash:** 98dee5b74e886956bd3864cddf5d7872
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001778.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0002000324-26-001778

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04417
- **FILM NUMBER:** 26915125

**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

### Green California Tax-Free Income Fund (Series ID: S000011273)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000031070 | Investor Shares | CFNTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SHELTON FUNDS

- **b. Investment Company Act file number:** 811-04417

- **c. CIK number of Registrant:** 0000778206

- **d. LEI of Registrant:** 254900S73SCF59AAL583

- **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:** 800-955-9888

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

- **a. Name of Series:** GREEN CA TAX-FREE INC FND

- **b. EDGAR series identifier (if any):** S000011273

- **c. LEI of Series:** 254900Z435OFZQSCFD48

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $33347338.07

**Total Liabilities:** $44793.49

**Net Assets:** $33302544.58

**Cash Not Reported:** $131176.12

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 3349.042 | **1-Year:** 1401.546 | **5-Year:** 7755.167 | **10-Year:** 12208.886 | **30-Year:** 7987.166

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 7 | **1-Year:** 2.867 | **5-Year:** 10.318 | **10-Year:** 11.753 | **30-Year:** 5.062

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031070 | 0.07%                | 0.25%                | 1.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $11185.64                                  |
| Month 2  | $0.00                    | $9466.04                                   |
| Month 3  | $0.00                    | $37106.98                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN | CA SFOUTL 5 10/01/2049    | CUSIP: 79768HKN7<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081439.40   | 3.25%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO FOSTER CITY CALIF PUB FING AUTH       | CA SMFFAC 4 08/01/2044    | CUSIP: 79905VAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503975.60   | 4.52%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV CALIF REGTS MED CTR                        | CA UNVHGR 05/15/2047      | CUSIP: 913366GN4<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1560000.00   | 4.68%             | 2047-05-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN | CA SFOUTL 4 10/01/2048    | CUSIP: 79768HFT0<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    975000 | PA      | $958976.07    | 2.88%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN | CA SFOPWR 5 11/01/2036    | CUSIP: 79771KAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170424.44    | 0.51%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CALIF FING AUTH                        | CA SJSUTL 5 11/01/2052    | CUSIP: 79816NBA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1588447.50   | 4.77%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CNTY CALIF TRANSN AUTH                | CA SMTTRN 06/01/2049      | CUSIP: 79905CAB9<br>LEI: 549300U6SCSE62UXKI22 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.20%             | 2049-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| TURLOCK CALIF IRR DIST                          | CA TURWTR 5 01/01/2036    | CUSIP: 900190KE8<br>LEI: 5493001J7IGC81HEQJ12 | Long             | DBT              | MUN               | US        |    300000 | PA      | $330126.12    | 0.99%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDL FACS AUTH                        | CA CASEDU 5 04/01/2051    | CUSIP: 130179TN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2302209.20   | 6.91%             | 2051-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY                          | CA CASHSG 4.95 08/01/2050 | CUSIP: 13032WDJ0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027813.70   | 3.09%             | 2050-08-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY                          | CA CASHSG 4 03/20/2033    | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    318816 | PA      | $331933.95    | 1.00%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK     | CA CASDEV 5 10/01/2033    | CUSIP: 13034AJV3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1202730.36   | 3.61%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                         | CA CASFIN 5 10/01/2044    | CUSIP: 13048VMH8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    480000 | PA      | $501642.77    | 1.51%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                   | CA CAS 3 10/01/2028       | CUSIP: 13063CNP1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850343.83    | 2.55%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                   | CA CAS 5.25 10/01/2045    | CUSIP: 13063D4E5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $554769.90    | 1.67%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUB WKS BRD                       | CA CASFAC 4 05/01/2036    | CUSIP: 13068XEX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $581644.91    | 1.75%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CMNTY COLLEGE DIST CALIF                | CA CHFHGR 5.5 06/01/2049  | CUSIP: 157432LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $557019.15    | 1.67%             | 2049-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DESERT CALIF CMNTY COLLEGE DIST                 | CA DESHGR 4 08/01/2051    | CUSIP: 250375NC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $729403.13    | 2.19%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST BAY CALIF MUN UTIL DIST                    | CA EBYWTR 5 06/01/2050    | CUSIP: 271014T36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082904.00   | 3.25%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST BAY CALIF MUN UTIL DIST                    | CA EBYWTR 5 06/01/2055    | CUSIP: 271014T44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072334.00   | 3.22%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF                               | CA LOSUTL 5.25 06/01/2047 | CUSIP: 53945CGT1<br>LEI: 254900NGUPWO7FB6II89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526492.40   | 4.58%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT ARPTS                    | CA LOSAPT 5 05/15/2048    | CUSIP: 5444456H7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084377.30   | 3.26%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT ARPTS                    | CA LOSAPT 5.25 05/15/2051 | CUSIP: 5444456K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544751.35    | 1.64%             | 2051-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF UNI SCH DIST                  | CA LOSSCD 5 07/01/2045    | CUSIP: 544647JK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $830641.35    | 2.49%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF UNI SCH DIST                  | CA LOSSCD 4 07/01/2049    | CUSIP: 544647JM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987863.40    | 2.97%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CALIF MET TRANSN AUTH          | CA LOSTRN 4 07/01/2028    | CUSIP: 54466HCF1<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500415.25    | 1.50%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MILPITAS CALIF UNI SCH DIST                     | CA MLPSCD 3 08/01/2034    | CUSIP: 601670NK4<br>LEI: 549300BL87026BFAVO38 | Long             | DBT              | MUN               | US        |    750000 | PA      | $763595.70    | 2.29%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MOUNT SAN ANTONIO CALIF CMNTY COLLEGE DIST      | CA MSAHGR 5 08/01/2046    | CUSIP: 623040QJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555132.95    | 1.67%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENINSULA CORRIDOR JT PWRS BRD CALIF            | CA PECGEN 5 06/01/2036    | CUSIP: 707121AM1<br>LEI: 549300EWZ3063STMF882 | Long             | DBT              | MUN               | US        |    200000 | PA      | $227823.78    | 0.68%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CALIF MUN UTIL DIST                  | CA SACPWR 5 11/15/2054    | CUSIP: 786005K64<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |    565000 | PA      | $600487.88    | 1.80%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF PUB FACS FING AUTH              | CA SDOUTL 5 05/15/2052    | CUSIP: 79730AKY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1575318.30   | 4.73%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF UNI SCH DIST                    | CA SDGEDU 4 07/01/2053    | CUSIP: 797356JP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964972.90    | 2.90%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF UNI SCH DIST                    | CA SDGEDU 4 07/01/2054    | CUSIP: 797356MV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1250836.47   | 3.76%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CALIF REGL TRANSN COMMN          | CA SDGTRN 5 04/01/2037    | CUSIP: 797400PS1<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |    500000 | PA      | $590138.50    | 1.77%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST    | CA SFOTRN 5 08/01/2036    | CUSIP: 797661WW1<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1351374.44   | 4.06%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST    | CA SFOTRN 3 08/01/2050    | CUSIP: 797661ZZ1<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |    605000 | PA      | $472144.66    | 1.42%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CALIF                                | CA UNVHGR 05/15/2048      | CUSIP: 91412GSK2<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |    655000 | PA      | $655000.00    | 1.97%             | 2048-05-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** SHELTON FUNDS

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO