# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0002000324-25-004166
**Filing Date:** 2025-10
**Character Count:** 11132
**Document Hash:** 005caba26e6017cea9fc8a617079673d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004166.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002000324-25-004166

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20250831

**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:** 251436597

**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

### U.S. Government Securities Fund (Series ID: S000016028)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044041 | Investor Shares | CAUSX           |
| C000044042 | K Shares        | CAUKX           |

## 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:** U.S. Government Securities Fund

- **b. EDGAR series identifier (if any):** S000016028

- **c. LEI of Series:** 254900CM11M6XXS66Y88

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $13481779.02

**Total Liabilities:** $48431.39

**Net Assets:** $13433347.63

**Cash Not Reported:** $59186.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.057 | **1-Year:** 7.809 | **5-Year:** 61.138 | **10-Year:** 16.291 | **30-Year:** 0

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

- **3-Month:** 3.165 | **1-Year:** 3.195 | **5-Year:** 6.081 | **10-Year:** 3.646 | **30-Year:** 2.913

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000044041 | 0.79%                | -0.57%               | 1.67%                |
| Class ID C000044042 | 0.75%                | -0.62%               | 1.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-28.31                  | $73596.86                                  |
| Month 2  | $-28.37                  | $-107427.48                                |
| Month 3  | $26.33                   | $176461.16                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| United States Treasury Bonds             | T 6 02/15/26     | CUSIP: 912810EW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $806933.38    | 6.01%             | 2026-02-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes             | T 0.625 03/31/27 | CUSIP: 912828ZE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $858128.90    | 6.39%             | 2027-03-31      | Fixed         | 0.62%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bonds             | T 4.5 11/15/54   | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1167919.93   | 8.69%             | 2054-11-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bonds             | T 2.875 08/15/45 | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $591843.75    | 4.41%             | 2045-08-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bonds             | T 2.25 05/15/41  | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $869671.87    | 6.47%             | 2041-05-15      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bonds             | T 2 11/15/41     | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1371757.82   | 10.21%            | 2041-11-15      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bonds             | T 4 11/15/52     | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $687281.25    | 5.12%             | 2052-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes             | T 2.375 04/30/26 | CUSIP: 9128286S4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $791621.51    | 5.89%             | 2026-04-30      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes             | T 4.875 10/31/30 | CUSIP: 91282CJG7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $842625.00    | 6.27%             | 2030-10-31      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes             | T 3.875 08/15/34 | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $980292.97    | 7.30%             | 2034-08-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes             | T 3.5 09/30/29   | CUSIP: 91282CLN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $994589.84    | 7.40%             | 2029-09-30      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes             | T 3.875 03/15/28 | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1812796.88   | 13.49%            | 2028-03-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes             | T 4 04/30/32     | CUSIP: 91282CNA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1206867.19   | 8.98%             | 2032-04-30      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bills             | B 0 09/16/25     | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99834.53     | 0.74%             | 2025-09-16      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association | GN 677052        | CUSIP: 36295QEZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10473 | PA      | $10939.49     | 0.08%             | 2038-06-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association | GN 666087        | CUSIP: 36295B6Y4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     68347 | PA      | $69467.79     | 0.52%             | 2038-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association | GN 651036        | CUSIP: 36292KHM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3503 | PA      | $3504.53      | 0.03%             | 2026-01-15      | Fixed         | 6.00%                 | No            | N/A                | On Loan: No      |
| Gnma Pass-Thru M Single Family           | G2 MA2371        | CUSIP: 36179QT43<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     79498 | PA      | $74146.68     | 0.55%             | 2044-11-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association | GN 617057        | CUSIP: 36290TQJ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     40353 | PA      | $41240.86     | 0.31%             | 2036-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** SHELTON FUNDS

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO