# EDGAR Filing Document

**Accession Number:** 0000836267
**File Stem:** 0002000324-25-003073
**Filing Date:** 2025-8
**Character Count:** 13010
**Document Hash:** 23d7a4e4239d09d896043c1e8c63d604
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003073.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0002000324-25-003073

**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:** 251250329

**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 CONSUMER SELECT FUND (Series ID: S000067899)

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

## 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 CONSUMER SELECT

- **b. EDGAR series identifier (if any):** S000067899

- **c. LEI of Series:** 254900KQ9M3SP3ZNTN29

**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:** $31447278.82

**Total Liabilities:** $90274.87

**Net Assets:** $31357003.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217708 | 1.25%                | 7.29%                | -3.88%               |
| Class ID C000217707 | 1.17%                | 7.31%                | -3.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45391.87                | $336073.12                                 |
| Month 2  | $453303.50               | $1714781.81                                |
| Month 3  | $-3310.36                | $-1278916.49                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Expedia Group Inc                  | Expedia Group Inc COM USD0.001                            | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      4752 | NS      | $801567.36    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                          | eBay Inc. COM USD0.001                                    | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     21680 | NS      | $1614292.80   | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.            | Arch Capital Group Ltd. COM USD0.01                       | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     15200 | NS      | $1383960.00   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                      | Assurant Inc. COM USD0.01                                 | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      4742 | NS      | $936497.58    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company           | American Express Company COM USD0.20                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5500 | NS      | $1754390.00   | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                       | Gentherm Inc COM NPV                                      | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     14800 | NS      | $418692.00    | 1.34%             |  |  |  | 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        |      2520 | NS      | $480841.20    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.              | Deckers Outdoor Corp. COM USD0.01                         | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      5788 | NS      | $596569.16    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                | Walt Disney Company COM DISNEY USD0.01                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      7683 | NS      | $952768.83    | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                  | Everest Group Ltd COM USD0.01                             | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      3200 | NS      | $1087520.00   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                     | Green Dot Corp COM CL A USD0.001                          | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71452 | NS      | $770252.56    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.  | The Hartford Insurance Group Inc. COM USD0.01             | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     12020 | NS      | $1524977.40   | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated | Huntington Bancshares Incorporated COM USD0.01            | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     86316 | NS      | $1446656.16   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                        | Gentex Corp COM USD0.06                                   | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     42783 | NS      | $940798.17    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                | Global Payments Inc COM NPV                               | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     12500 | NS      | $1000500.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                   | Lear Corporation COM USD0.01                              | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     10300 | NS      | $978294.00    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated            | MasterCard Incorporated COM USD0.0001 CLASS A             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2200 | NS      | $1236268.00   | 3.94%             |  |  |  | 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        |      6681 | NS      | $2505174.57   | 7.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.        | Renaissancere Holdings Ltd. COM USD1                      | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      6500 | NS      | $1578850.00   | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                           | Visa Inc COM STK USD0.0001                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      6600 | NS      | $2343330.00   | 7.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                | Visteon Corporation COM USD0.01                           | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      7800 | NS      | $727740.00    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Corporation                  | Sabre Corporation COM USD0.01                             | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |    133230 | NS      | $421006.80    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC | Coca-Cola Europacific Partners PLC COM EUR0.01            | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     18852 | NS      | $1747957.44   | 5.57%             |  |  |  | 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        |    224784 | OU      | $224783.85    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV      | Koninklijke Ahold Delhaize NV SPON ADR EACH REP 1 ORD SHS | CUSIP: 500467501<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     41619 | NS      | $1736760.87   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc             | Equitable Holdings Inc COM                                | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     39200 | NS      | $2199120.00   | 7.01%             |  |  |  | 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