# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0001387131-25-000161
**Filing Date:** 2025-7
**Character Count:** 23081
**Document Hash:** bf767132bbadfb4838750f4459d44e88
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-25-000161.hdr.sgml**: 20250707

**ACCESSION NUMBER**: 0001387131-25-000161

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250707

**DATE AS OF CHANGE**: 20250707

**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:** 251108010

**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):** 2025-06-30

**Registrant Full Name:** SHELTON FUNDS

**CIK Number of Registrant:** 0000778206

**LEI of Registrant:** 254900S73SCF59AAL583

**Name of Series:** The United States Treasury Trust

**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                | Ultimus Fund Solutions, LLC/TA<br>CIK: 0001094887 | 084-05829         |

### 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:** 49 days

- **WAL:** 49 days

- **Total Value of Portfolio Securities:** $24758364.40

- **Amortized Cost of Portfolio Securities:** $24759255.26

- **Cash:** $64314.43

- **Total Other Assets:** $380.03

- **Total Liabilities:** $104713.22

- **Net Assets of Series:** $24718345.64

- **Number of Shares Outstanding (Series):** 24732263.2000

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-06-02 | $24921691.20              | $24921691.20               | 100.0000%                 | 100.0000%                  |
| 2025-06-03 | $24918449.57              | $24918449.57               | 100.0000%                 | 100.0000%                  |
| 2025-06-04 | $26724209.98              | $26724209.98               | 100.0000%                 | 100.0000%                  |
| 2025-06-05 | $26716081.56              | $26716081.56               | 100.0000%                 | 100.0000%                  |
| 2025-06-06 | $26584017.38              | $26584017.38               | 100.0000%                 | 100.0000%                  |
| 2025-06-09 | $26479335.75              | $26479335.75               | 100.0000%                 | 100.0000%                  |
| 2025-06-10 | $26117072.03              | $26117072.03               | 100.0000%                 | 100.0000%                  |
| 2025-06-11 | $26116790.66              | $26116790.66               | 100.0000%                 | 100.0000%                  |
| 2025-06-12 | $26026124.57              | $26026124.57               | 100.0000%                 | 100.0000%                  |
| 2025-06-13 | $25819448.42              | $25819448.42               | 100.0000%                 | 100.0000%                  |
| 2025-06-16 | $25823921.62              | $25823921.62               | 100.0000%                 | 100.0000%                  |
| 2025-06-17 | $25823921.62              | $25823921.62               | 100.0000%                 | 100.0000%                  |
| 2025-06-18 | $25682825.44              | $25682825.44               | 100.0000%                 | 100.0000%                  |
| 2025-06-20 | $25516156.26              | $25516156.26               | 100.0000%                 | 100.0000%                  |
| 2025-06-23 | $25141234.31              | $25141234.31               | 100.0000%                 | 100.0000%                  |
| 2025-06-24 | $25357899.35              | $25357899.35               | 100.0000%                 | 100.0000%                  |
| 2025-06-25 | $25176150.09              | $25176150.09               | 100.0000%                 | 100.0000%                  |
| 2025-06-26 | $24875821.88              | $24875821.88               | 100.0000%                 | 100.0000%                  |
| 2025-06-27 | $24820313.62              | $24820313.62               | 100.0000%                 | 100.0000%                  |
| 2025-06-30 | $24822678.83              | $24822678.83               | 100.0000%                 | 100.0000%                  |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-06-02 | 4.2700%             |
| 2025-06-03 | 4.2600%             |
| 2025-06-04 | 4.2600%             |
| 2025-06-05 | 4.2600%             |
| 2025-06-06 | 4.2600%             |
| 2025-06-09 | 4.2700%             |
| 2025-06-10 | 4.2700%             |
| 2025-06-11 | 4.2700%             |
| 2025-06-12 | 4.2700%             |
| 2025-06-13 | 4.2700%             |
| 2025-06-16 | 4.2700%             |
| 2025-06-17 | 4.2700%             |
| 2025-06-18 | 4.2700%             |
| 2025-06-20 | 4.2700%             |
| 2025-06-23 | 4.2800%             |
| 2025-06-24 | 4.2800%             |
| 2025-06-25 | 4.2800%             |
| 2025-06-26 | 4.2800%             |
| 2025-06-27 | 4.2800%             |
| 2025-06-30 | 4.2800%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-06-02 | 0.9994                      |
|  |  |
| 2025-06-03 | 0.9994                      |
|  |  |
| 2025-06-04 | 0.9995                      |
|  |  |
| 2025-06-05 | 0.9995                      |
|  |  |
| 2025-06-06 | 0.9995                      |
|  |  |
| 2025-06-09 | 0.9995                      |
|  |  |
| 2025-06-10 | 0.9995                      |
|  |  |
| 2025-06-11 | 0.9995                      |
|  |  |
| 2025-06-12 | 0.9995                      |
|  |  |
| 2025-06-13 | 0.9995                      |
|  |  |
| 2025-06-16 | 0.9995                      |
|  |  |
| 2025-06-17 | 0.9995                      |
|  |  |
| 2025-06-18 | 0.9994                      |
|  |  |
| 2025-06-20 | 0.9994                      |
|  |  |
| 2025-06-23 | 0.9994                      |
|  |  |
| 2025-06-24 | 0.9995                      |
|  |  |
| 2025-06-25 | 0.9995                      |
|  |  |
| 2025-06-26 | 0.9995                      |
|  |  |
| 2025-06-27 | 0.9995                      |
|  |  |
| 2025-06-30 | 0.9994                      |
|  |  |

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

### Class: Investor Shares

- **Minimum Initial Investment:** $1000.00

- **Net Assets of Class:** $24718345.64

- **Number of Shares Outstanding:** 24732263.2000

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-06-02 | 0.9994          |
|  |  |
| 2025-06-03 | 0.9994          |
|  |  |
| 2025-06-04 | 0.9995          |
|  |  |
| 2025-06-05 | 0.9995          |
|  |  |
| 2025-06-06 | 0.9995          |
|  |  |
| 2025-06-09 | 0.9995          |
|  |  |
| 2025-06-10 | 0.9995          |
|  |  |
| 2025-06-11 | 0.9995          |
|  |  |
| 2025-06-12 | 0.9995          |
|  |  |
| 2025-06-13 | 0.9995          |
|  |  |
| 2025-06-16 | 0.9995          |
|  |  |
| 2025-06-17 | 0.9995          |
|  |  |
| 2025-06-18 | 0.9994          |
|  |  |
| 2025-06-20 | 0.9994          |
|  |  |
| 2025-06-23 | 0.9994          |
|  |  |
| 2025-06-24 | 0.9995          |
|  |  |
| 2025-06-25 | 0.9995          |
|  |  |
| 2025-06-26 | 0.9995          |
|  |  |
| 2025-06-27 | 0.9995          |
|  |  |
| 2025-06-30 | 0.9994          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-06-02 | $263702.75                | $9696.74                |
| 2025-06-03 | $22400.11                 | $14971.84               |
| 2025-06-04 | $1805369.31               | $2672.41                |
| 2025-06-05 | $215630.85                | $227275.43              |
| 2025-06-06 | $1648.41                  | $143000.00              |
| 2025-06-09 | $740.00                   | $108329.20              |
| 2025-06-10 | $15160.72                 | $380548.08              |
| 2025-06-11 | $1192.31                  | $4733.92                |
| 2025-06-12 | $20954.87                 | $114484.00              |
| 2025-06-13 | $1466.42                  | $216852.39              |
| 2025-06-16 | $1617.66                  | $0.00                   |
| 2025-06-17 | $18906.30                 | $104673.96              |
| 2025-06-18 | $628.60                   | $62889.57               |
| 2025-06-20 | $212.15                   | $175996.54              |
| 2025-06-23 | $23336.00                 | $400821.21              |
| 2025-06-24 | $233591.36                | $20000.00               |
| 2025-06-25 | $1304.06                  | $186103.50              |
| 2025-06-26 | $5356.51                  | $309052.25              |
| 2025-06-27 | $119.00                   | $63813.64               |
| 2025-06-30 | $2967.20                  | $3175.09                |

**Total Gross Subscriptions (Month):** $2636304.59

**Total Gross Redemptions (Month):** $2549089.77

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-06-02 | 3.5000%           |
| 2025-06-03 | 3.5000%           |
| 2025-06-04 | 3.5000%           |
| 2025-06-05 | 3.5000%           |
| 2025-06-06 | 3.5000%           |
| 2025-06-09 | 3.5000%           |
| 2025-06-10 | 3.4900%           |
| 2025-06-11 | 3.4900%           |
| 2025-06-12 | 3.4900%           |
| 2025-06-13 | 3.4800%           |
| 2025-06-16 | 3.4800%           |
| 2025-06-17 | 3.4800%           |
| 2025-06-18 | 3.4800%           |
| 2025-06-20 | 3.4800%           |
| 2025-06-23 | 3.4900%           |
| 2025-06-24 | 3.4900%           |
| 2025-06-25 | 3.4900%           |
| 2025-06-26 | 3.4900%           |
| 2025-06-27 | 3.4900%           |
| 2025-06-30 | 3.4900%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 100.0000%        | 11.0500%             |
| Retail investor |  | 100.0000%        | 10.6500%             |
| Retail investor |  | 100.0000%        | 5.6600%              |

## 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: 912797LW5, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1598326.67
- **C.18.a - Value (excl. sponsor support):** $1598326.67
- **C.19 - Percentage of Net Assets:** 6.4700%
- **C.17 - Yield as of Reporting Date:** 3.7400%
- **C.11 - Maturity Date (WAM):** 2025-07-10
- **C.12 - Maturity Date (WAL):** 2025-07-10
- **C.13 - Final Legal Maturity Date:** 2025-07-10
- **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: 912797MG9, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1891716.32
- **C.18.a - Value (excl. sponsor support):** $1891716.32
- **C.19 - Percentage of Net Assets:** 7.6500%
- **C.17 - Yield as of Reporting Date:** 4.1600%
- **C.11 - Maturity Date (WAM):** 2025-08-07
- **C.12 - Maturity Date (WAL):** 2025-08-07
- **C.13 - Final Legal Maturity Date:** 2025-08-07
- **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: 912797MH7, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1786195.62
- **C.18.a - Value (excl. sponsor support):** $1786195.62
- **C.19 - Percentage of Net Assets:** 7.2300%
- **C.17 - Yield as of Reporting Date:** 4.1700%
- **C.11 - Maturity Date (WAM):** 2025-09-04
- **C.12 - Maturity Date (WAL):** 2025-09-04
- **C.13 - Final Legal Maturity Date:** 2025-09-04
- **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: 912797MS3, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1384739.47
- **C.18.a - Value (excl. sponsor support):** $1384739.47
- **C.19 - Percentage of Net Assets:** 5.6000%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-10-02
- **C.12 - Maturity Date (WAL):** 2025-10-02
- **C.13 - Final Legal Maturity Date:** 2025-10-02
- **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: 912797NX1, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1999533.88
- **C.18.a - Value (excl. sponsor support):** $1999533.88
- **C.19 - Percentage of Net Assets:** 8.0900%
- **C.17 - Yield as of Reporting Date:** 2.8400%
- **C.11 - Maturity Date (WAM):** 2025-07-03
- **C.12 - Maturity Date (WAL):** 2025-07-03
- **C.13 - Final Legal Maturity Date:** 2025-07-03
- **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: 912797PG6, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1494820.31
- **C.18.a - Value (excl. sponsor support):** $1494820.31
- **C.19 - Percentage of Net Assets:** 6.0500%
- **C.17 - Yield as of Reporting Date:** 4.1300%
- **C.11 - Maturity Date (WAM):** 2025-07-31
- **C.12 - Maturity Date (WAL):** 2025-07-31
- **C.13 - Final Legal Maturity Date:** 2025-07-31
- **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: 912797PP6, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2087223.85
- **C.18.a - Value (excl. sponsor support):** $2087223.85
- **C.19 - Percentage of Net Assets:** 8.4400%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-08-21
- **C.12 - Maturity Date (WAL):** 2025-08-21
- **C.13 - Final Legal Maturity Date:** 2025-08-21
- **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: 912797PQ4, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2184688.00
- **C.18.a - Value (excl. sponsor support):** $2184688.00
- **C.19 - Percentage of Net Assets:** 8.8400%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2025-08-28
- **C.12 - Maturity Date (WAL):** 2025-08-28
- **C.13 - Final Legal Maturity Date:** 2025-08-28
- **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: 912797QA8, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2695627.11
- **C.18.a - Value (excl. sponsor support):** $2695627.11
- **C.19 - Percentage of Net Assets:** 10.9100%
- **C.17 - Yield as of Reporting Date:** 4.0000%
- **C.11 - Maturity Date (WAM):** 2025-07-15
- **C.12 - Maturity Date (WAL):** 2025-07-15
- **C.13 - Final Legal Maturity Date:** 2025-07-15
- **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 10: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QB6, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2892975.07
- **C.18.a - Value (excl. sponsor support):** $2892975.07
- **C.19 - Percentage of Net Assets:** 11.7000%
- **C.17 - Yield as of Reporting Date:** 4.0600%
- **C.11 - Maturity Date (WAM):** 2025-07-22
- **C.12 - Maturity Date (WAL):** 2025-07-22
- **C.13 - Final Legal Maturity Date:** 2025-07-22
- **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 11: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QJ9, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $2089495.63
- **C.18.a - Value (excl. sponsor support):** $2089495.63
- **C.19 - Percentage of Net Assets:** 8.4500%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-08-12
- **C.12 - Maturity Date (WAL):** 2025-08-12
- **C.13 - Final Legal Maturity Date:** 2025-08-12
- **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 12: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QR1, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1377207.03
- **C.18.a - Value (excl. sponsor support):** $1377207.03
- **C.19 - Percentage of Net Assets:** 5.5700%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-11-20
- **C.12 - Maturity Date (WAL):** 2025-11-20
- **C.13 - Final Legal Maturity Date:** 2025-11-20
- **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 13: Treasury Bill

- **C.1 - Title:** Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QY6, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $1275815.44
- **C.18.a - Value (excl. sponsor support):** $1275815.44
- **C.19 - Percentage of Net Assets:** 5.1600%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-12-11
- **C.12 - Maturity Date (WAL):** 2025-12-11
- **C.13 - Final Legal Maturity Date:** 2025-12-11
- **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:** 2025-07-07

**By:** Gregory T. Pusch

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

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