# EDGAR Filing Document

**Accession Number:** 0000836267
**File Stem:** 0002000324-26-000816
**Filing Date:** 2026-3
**Character Count:** 13183
**Document Hash:** 893c5624bbfa16546e2cc69a03a6a551
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000816.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0002000324-26-000816

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**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:** 26708814

**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 UTILITIES AND INCOME FUND (Series ID: S000067905)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217719 | Institutional Class | ICTUX           |
| C000217720 | Investor Class      | ICTVX           |

## 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 UTILITIES AND INCOME FUND

- **b. EDGAR series identifier (if any):** S000067905

- **c. LEI of Series:** 254900SF9BSOL4J02P15

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $22232166.54

**Total Liabilities:** $236728.51

**Net Assets:** $21995438.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217720 | -0.47%               | 3.14%                | -4.33%               |
| Class ID C000217719 | -0.46%               | 3.14%                | -4.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $73939.32                | $-174943.16                                |
| Month 2  | $121402.14               | $486990.58                                 |
| Month 3  | $0.00                    | $-136218.18                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| National Fuel Gas Company                                          | National Fuel Gas Company COM                                                               | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     14641 | NS      | $1172158.46   | 5.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                                 | NextEra Energy Inc COM                                                                      | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     13762 | NS      | $1104813.36   | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                                    | T-Mobile US Inc COM                                                                         | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      3800 | NS      | $771552.00    | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                                    | Xcel Energy Inc COM                                                                         | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     17400 | NS      | $1285164.00   | 5.84%             |  |  |  | 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        |    137327 | OU      | $137327.14    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                                                 | Atmos Energy Corp. COM                                                                      | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      7480 | NS      | $1253872.40   | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                                            | Black Hills Corporation COM                                                                 | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     12237 | NS      | $849492.54    | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                                          | Consolidated Edison, Inc. COM                                                               | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     11100 | NS      | $1102452.00   | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                                  | Eversource Energy COM                                                                       | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     15300 | NS      | $1030149.00   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                                      | NiSource Inc. COM                                                                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     24300 | NS      | $1014768.00   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                                          | Spire Inc COM                                                                               | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     13100 | NS      | $1083370.00   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                                       | Ameren Corp. COM                                                                            | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     12082 | NS      | $1206508.52   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                                   | American Electric Power Co, Inc. COM                                                        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     11440 | NS      | $1319146.40   | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                                             | CMS Energy Corporation COM                                                                  | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     12200 | NS      | $853146.00    | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                                     | DTE Energy Co. COM                                                                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      8559 | NS      | $1103939.82   | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                                         | New Jersey Resources Corp. COM                                                              | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     19700 | NS      | $908564.00    | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                                      | ONE Gas, Inc. COM                                                                           | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     12600 | NS      | $973350.00    | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company                                  | Portland General Electric Company COM NEW                                                   | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     20104 | NS      | $964790.96    | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Suburban Propane Partners LP / Suburban Energy Finance Corporation | Suburban Propane Partners LP / Suburban Energy Finance Corporation UNIT LTD PARTNERSHIP INT | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |     36914 | NS      | $684385.56    | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                                                 | Vodafone Group PLC SPONSORED ADR                                                            | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     97000 | NS      | $1281370.00   | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                                         | Evergy Inc COM                                                                              | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     16900 | NS      | $1225081.00   | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.                                       | Iridium Communications, Inc. COM                                                            | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     46827 | NS      | $813853.26    | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** SCM Trust

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO