# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0001999371-26-000512
**Filing Date:** 2026-1
**Character Count:** 22383
**Document Hash:** 96116527216273d04506284e5a8bf434
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-000512.hdr.sgml**: 20260109

**ACCESSION NUMBER**: 0001999371-26-000512

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260109

**DATE AS OF CHANGE**: 20260108

**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:** 26520837

**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):** 2025-12-31

**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:** 43 days

- **WAL:** 43 days

- **Total Value of Portfolio Securities:** $25098887.54

- **Amortized Cost of Portfolio Securities:** $25092922.47

- **Cash:** $26401.23

- **Total Other Assets:** $5297.88

- **Total Liabilities:** $101658.61

- **Net Assets of Series:** $25028928.04

- **Number of Shares Outstanding (Series):** 25035322.7500

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-12-01 | $27326039.12              | $27326039.12               | 100.0000%                 | 100.0000%                  |
| 2025-12-02 | $27326421.99              | $27326421.99               | 100.0000%                 | 100.0000%                  |
| 2025-12-03 | $29300897.98              | $29300897.98               | 100.0000%                 | 100.0000%                  |
| 2025-12-04 | $29197601.24              | $29197601.24               | 100.0000%                 | 100.0000%                  |
| 2025-12-05 | $28116093.21              | $28116093.21               | 100.0000%                 | 100.0000%                  |
| 2025-12-08 | $28127213.20              | $28127213.20               | 100.0000%                 | 100.0000%                  |
| 2025-12-09 | $28087626.96              | $28087626.96               | 100.0000%                 | 100.0000%                  |
| 2025-12-10 | $26267686.90              | $26267686.90               | 100.0000%                 | 100.0000%                  |
| 2025-12-11 | $26269533.42              | $26269533.42               | 100.0000%                 | 100.0000%                  |
| 2025-12-12 | $26265926.92              | $26265926.92               | 100.0000%                 | 100.0000%                  |
| 2025-12-15 | $26185256.73              | $26185256.73               | 100.0000%                 | 100.0000%                  |
| 2025-12-16 | $25813234.39              | $25813234.39               | 100.0000%                 | 100.0000%                  |
| 2025-12-17 | $25503820.02              | $25503820.02               | 100.0000%                 | 100.0000%                  |
| 2025-12-18 | $25507924.98              | $25507924.98               | 100.0000%                 | 100.0000%                  |
| 2025-12-19 | $25508117.67              | $25508117.67               | 100.0000%                 | 100.0000%                  |
| 2025-12-22 | $25481122.55              | $25481122.55               | 100.0000%                 | 100.0000%                  |
| 2025-12-23 | $25473817.00              | $25473817.00               | 100.0000%                 | 100.0000%                  |
| 2025-12-24 | $25172428.20              | $25172428.20               | 100.0000%                 | 100.0000%                  |
| 2025-12-26 | $25089101.85              | $25183985.51               | 100.0000%                 | 100.0000%                  |
| 2025-12-29 | $25216163.48              | $25216163.48               | 100.0000%                 | 100.0000%                  |
| 2025-12-30 | $25220732.10              | $25220732.10               | 100.0000%                 | 100.0000%                  |
| 2025-12-31 | $25125288.77              | $25125288.77               | 100.0000%                 | 100.0000%                  |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-12-01 | 3.9000%             |
| 2025-12-02 | 3.8900%             |
| 2025-12-03 | 3.8900%             |
| 2025-12-04 | 3.8800%             |
| 2025-12-05 | 4.1200%             |
| 2025-12-08 | 3.8600%             |
| 2025-12-09 | 3.8500%             |
| 2025-12-10 | 3.8500%             |
| 2025-12-11 | 3.8500%             |
| 2025-12-12 | 3.5900%             |
| 2025-12-15 | 3.8100%             |
| 2025-12-16 | 3.8000%             |
| 2025-12-17 | 3.8000%             |
| 2025-12-18 | 3.7900%             |
| 2025-12-19 | 3.7900%             |
| 2025-12-22 | 3.7700%             |
| 2025-12-23 | 3.7600%             |
| 2025-12-24 | 3.7500%             |
| 2025-12-26 | 3.7500%             |
| 2025-12-29 | 3.7500%             |
| 2025-12-30 | 3.7500%             |
| 2025-12-31 | 3.7500%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-12-01 | 0.9996                      |
|  |  |
| 2025-12-02 | 0.9996                      |
|  |  |
| 2025-12-03 | 0.9997                      |
|  |  |
| 2025-12-04 | 0.9997                      |
|  |  |
| 2025-12-05 | 0.9997                      |
|  |  |
| 2025-12-08 | 0.9997                      |
|  |  |
| 2025-12-09 | 0.9997                      |
|  |  |
| 2025-12-10 | 0.9997                      |
|  |  |
| 2025-12-11 | 0.9997                      |
|  |  |
| 2025-12-12 | 0.9997                      |
|  |  |
| 2025-12-15 | 0.9997                      |
|  |  |
| 2025-12-16 | 0.9997                      |
|  |  |
| 2025-12-17 | 0.9997                      |
|  |  |
| 2025-12-18 | 0.9997                      |
|  |  |
| 2025-12-19 | 0.9997                      |
|  |  |
| 2025-12-22 | 0.9997                      |
|  |  |
| 2025-12-23 | 0.9997                      |
|  |  |
| 2025-12-24 | 0.9997                      |
|  |  |
| 2025-12-26 | 0.9997                      |
|  |  |
| 2025-12-29 | 0.9997                      |
|  |  |
| 2025-12-30 | 0.9997                      |
|  |  |
| 2025-12-31 | 0.9997                      |
|  |  |

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

### Class: Investor Shares

- **Minimum Initial Investment:** $1000.00

- **Net Assets of Class:** $25028928.04

- **Number of Shares Outstanding:** 25035322.7500

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 0.9996          |
|  |  |
| 2025-12-02 | 0.9996          |
|  |  |
| 2025-12-03 | 0.9997          |
|  |  |
| 2025-12-04 | 0.9997          |
|  |  |
| 2025-12-05 | 0.9997          |
|  |  |
| 2025-12-08 | 0.9997          |
|  |  |
| 2025-12-09 | 0.9997          |
|  |  |
| 2025-12-10 | 0.9997          |
|  |  |
| 2025-12-11 | 0.9997          |
|  |  |
| 2025-12-12 | 0.9997          |
|  |  |
| 2025-12-15 | 0.9997          |
|  |  |
| 2025-12-16 | 0.9997          |
|  |  |
| 2025-12-17 | 0.9997          |
|  |  |
| 2025-12-18 | 0.9997          |
|  |  |
| 2025-12-19 | 0.9997          |
|  |  |
| 2025-12-22 | 0.9997          |
|  |  |
| 2025-12-23 | 0.9997          |
|  |  |
| 2025-12-24 | 0.9997          |
|  |  |
| 2025-12-26 | 0.9997          |
|  |  |
| 2025-12-29 | 0.9997          |
|  |  |
| 2025-12-30 | 0.9997          |
|  |  |
| 2025-12-31 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $70710.76                 | $43250.00               |
| 2025-12-02 | $42448.22                 | $33637.43               |
| 2025-12-03 | $2222462.23               | $252627.57              |
| 2025-12-04 | $71.31                    | $106886.52              |
| 2025-12-05 | $0.00                     | $1089888.74             |
| 2025-12-08 | $9530.25                  | $443.54                 |
| 2025-12-09 | $130.76                   | $42639.97               |
| 2025-12-10 | $355141.23                | $2178911.50             |
| 2025-12-11 | $2285.76                  | $3938.73                |
| 2025-12-12 | $1038.66                  | $12680.95               |
| 2025-12-15 | $272.08                   | $83407.24               |
| 2025-12-16 | $380.38                   | $375057.37              |
| 2025-12-17 | $2964.68                  | $315291.53              |
| 2025-12-18 | $990.00                   | $0.00                   |
| 2025-12-19 | $225.51                   | $7397.81                |
| 2025-12-22 | $8226.31                  | $35915.68               |
| 2025-12-23 | $778.58                   | $10426.26               |
| 2025-12-24 | $16561.48                 | $322592.12              |
| 2025-12-26 | $64826.10                 | $63664.00               |
| 2025-12-29 | $34818.56                 | $2640.59                |
| 2025-12-30 | $1514.12                  | $0.00                   |
| 2025-12-31 | $132292.79                | $231870.69              |

**Total Gross Subscriptions (Month):** $2967669.77

**Total Gross Redemptions (Month):** $5213168.24

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.0300%           |
| 2025-12-02 | 3.0100%           |
| 2025-12-03 | 3.0300%           |
| 2025-12-04 | 2.9700%           |
| 2025-12-05 | 1.2400%           |
| 2025-12-08 | 2.9900%           |
| 2025-12-09 | 2.9800%           |
| 2025-12-10 | 2.9300%           |
| 2025-12-11 | 2.9300%           |
| 2025-12-12 | 2.9300%           |
| 2025-12-15 | 2.9400%           |
| 2025-12-16 | 2.9200%           |
| 2025-12-17 | 2.9300%           |
| 2025-12-18 | 2.8900%           |
| 2025-12-19 | 2.8900%           |
| 2025-12-22 | 2.8900%           |
| 2025-12-23 | 2.8800%           |
| 2025-12-24 | 2.8700%           |
| 2025-12-26 | 2.8800%           |
| 2025-12-29 | 2.8800%           |
| 2025-12-30 | 2.8800%           |
| 2025-12-31 | 2.8900%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category      | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 100.0000%        | 14.1100%             |
| Retail investor |  | 100.0000%        | 10.4200%             |
| Retail investor |  | 100.0000%        | 6.8900%              |
| Other           | Private Shareholder | 100.0000%        | 6.7200%              |
| Retail investor |  | 100.0000%        | 5.5800%              |
| Other           | Private Shareholder | 100.0000%        | 5.2100%              |

## 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: 912797PD3, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1996051.86
- **C.18.a - Value (excl. sponsor support):** $1996051.86
- **C.19 - Percentage of Net Assets:** 7.9700%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-01-22
- **C.12 - Maturity Date (WAL):** 2026-01-22
- **C.13 - Final Legal Maturity Date:** 2026-01-22
- **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: 912797PM3, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2985746.31
- **C.18.a - Value (excl. sponsor support):** $2985746.31
- **C.19 - Percentage of Net Assets:** 11.9300%
- **C.17 - Yield as of Reporting Date:** 3.5600%
- **C.11 - Maturity Date (WAM):** 2026-02-19
- **C.12 - Maturity Date (WAL):** 2026-02-19
- **C.13 - Final Legal Maturity Date:** 2026-02-19
- **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: 912797PV3, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1339949.08
- **C.18.a - Value (excl. sponsor support):** $1339949.08
- **C.19 - Percentage of Net Assets:** 5.3500%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **C.11 - Maturity Date (WAM):** 2026-03-19
- **C.12 - Maturity Date (WAL):** 2026-03-19
- **C.13 - Final Legal Maturity Date:** 2026-03-19
- **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: 912797RH2, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2698437.05
- **C.18.a - Value (excl. sponsor support):** $2698437.05
- **C.19 - Percentage of Net Assets:** 10.7800%
- **C.17 - Yield as of Reporting Date:** 3.3800%
- **C.11 - Maturity Date (WAM):** 2026-01-08
- **C.12 - Maturity Date (WAL):** 2026-01-08
- **C.13 - Final Legal Maturity Date:** 2026-01-08
- **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: 912797RJ8, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $3495526.75
- **C.18.a - Value (excl. sponsor support):** $3495526.75
- **C.19 - Percentage of Net Assets:** 13.9700%
- **C.17 - Yield as of Reporting Date:** 3.4000%
- **C.11 - Maturity Date (WAM):** 2026-01-15
- **C.12 - Maturity Date (WAL):** 2026-01-15
- **C.13 - Final Legal Maturity Date:** 2026-01-15
- **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: 912797RK5, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $3091813.55
- **C.18.a - Value (excl. sponsor support):** $3091813.55
- **C.19 - Percentage of Net Assets:** 12.3500%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2026-01-29
- **C.12 - Maturity Date (WAL):** 2026-01-29
- **C.13 - Final Legal Maturity Date:** 2026-01-29
- **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: 912797RT6, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1991824.22
- **C.18.a - Value (excl. sponsor support):** $1991824.22
- **C.19 - Percentage of Net Assets:** 7.9600%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-02-12
- **C.12 - Maturity Date (WAL):** 2026-02-12
- **C.13 - Final Legal Maturity Date:** 2026-02-12
- **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: 912797RU3, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $348081.03
- **C.18.a - Value (excl. sponsor support):** $348081.03
- **C.19 - Percentage of Net Assets:** 1.3900%
- **C.17 - Yield as of Reporting Date:** 3.6700%
- **C.11 - Maturity Date (WAM):** 2026-02-26
- **C.12 - Maturity Date (WAL):** 2026-02-26
- **C.13 - Final Legal Maturity Date:** 2026-02-26
- **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: 912797RV1, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $3727172.28
- **C.18.a - Value (excl. sponsor support):** $3727172.28
- **C.19 - Percentage of Net Assets:** 14.8900%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-03-05
- **C.12 - Maturity Date (WAL):** 2026-03-05
- **C.13 - Final Legal Maturity Date:** 2026-03-05
- **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: 912797SB4, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1440144.03
- **C.18.a - Value (excl. sponsor support):** $1440144.03
- **C.19 - Percentage of Net Assets:** 5.7500%
- **C.17 - Yield as of Reporting Date:** 3.7400%
- **C.11 - Maturity Date (WAM):** 2026-03-12
- **C.12 - Maturity Date (WAL):** 2026-03-12
- **C.13 - Final Legal Maturity Date:** 2026-03-12
- **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: 912797TA5, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1984141.36
- **C.18.a - Value (excl. sponsor support):** $1984141.36
- **C.19 - Percentage of Net Assets:** 7.9300%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-03-24
- **C.12 - Maturity Date (WAL):** 2026-03-24
- **C.13 - Final Legal Maturity Date:** 2026-03-24
- **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:** 2026-01-08

**By:** Gregory T. Pusch

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

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