# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0001999371-25-011777
**Filing Date:** 2025-8
**Character Count:** 6716
**Document Hash:** e75ff7864f759a90224f9590a0c1ae5d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-011777.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001999371-25-011777

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**EFFECTIVENESS DATE**: 20250820

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHELTON FUNDS
- **CENTRAL INDEX KEY:** 0000778206

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-00499
- **FILM NUMBER:** 251237783

**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

### Green California Tax-Free Income Fund (Series ID: S000011273)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Shares | CFNTX         | C000031070 |

---

### S&P 500 Index Fund (Series ID: S000016022)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Shares | SPFIX         | C000044029 |
| K Shares        | SPXKX         | C000044030 |

---

### S&P MidCap Index Fund (Series ID: S000016023)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Shares | SPMIX         | C000044031 |
| K Shares        | MIDKX         | C000044032 |

---

### S&P SmallCap Index Fund (Series ID: S000016024)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Shares | SMCIX         | C000044033 |
| K Shares        | SMLKX         | C000044034 |

---

### Shelton Equity Income Fund (Series ID: S000016025)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Shares | EQTIX         | C000044035 |
| K Shares        | EQTKX         | C000044036 |

---

### Nasdaq-100 Index Fund (Series ID: S000016026)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| K Shares             | NDXKX         | C000044037 |
| Investor Shares      | NASDX         | C000044038 |
| Institutional Shares | NQQQX         | C000234798 |

---

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

---

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

---

### The United States Treasury Trust (Series ID: S000016030)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Shares | UTSXX         | C000044045 |

---

### Shelton Sustainable Equity Fund (Series ID: S000039758)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Investor Shares      | NEXTX         | C000123237 |
| Institutional Shares | NEXIX         | C000238256 |

---

## Series and Classes Contracts Data

### Green California Tax-Free Income Fund (Series ID: S000011273)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000031070 | Investor Shares | CFNTX           |

### S&P 500 Index Fund (Series ID: S000016022)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044029 | Investor Shares | SPFIX           |
| C000044030 | K Shares        | SPXKX           |

### S&P MidCap Index Fund (Series ID: S000016023)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044031 | Investor Shares | SPMIX           |
| C000044032 | K Shares        | MIDKX           |

### S&P SmallCap Index Fund (Series ID: S000016024)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044033 | Investor Shares | SMCIX           |
| C000044034 | K Shares        | SMLKX           |

### Shelton Equity Income Fund (Series ID: S000016025)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044035 | Investor Shares | EQTIX           |
| C000044036 | K Shares        | EQTKX           |

### Nasdaq-100 Index Fund (Series ID: S000016026)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000044037 | K Shares             | NDXKX           |
| C000044038 | Investor Shares      | NASDX           |
| C000234798 | Institutional Shares | NQQQX           |

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

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

### The United States Treasury Trust (Series ID: S000016030)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000044045 | Investor Shares | UTSXX           |

### Shelton Sustainable Equity Fund (Series ID: S000039758)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000123237 | Investor Shares      | NEXTX           |
| C000238256 | Institutional Shares | NEXIX           |

**Shelton Funds**

**(**the "Trust")

**Supplement dated August 20, 2025 to the**

**Prospectus and Statement of Additional Information ("SAI"), each dated** 

**January 1, 2025**

Effective August 14, 2025, William Mock no longer serves as a Portfolio Manager of the Green California Tax-Free Income Fund, the U.S. Government Securities Fund, or The United States Treasury Trust, or as Treasurer of the Trust. Accordingly, all references to Mr. Mock in the Prospectus and SAI are hereby deleted in their entirety.

The Board of Trustees of the Trust appointed Trevor Shippee to serve as Treasurer of the Trust effective August 14, 2025. Accordingly, the following information is added to the "Officers" table in the SAI:

---

| | | | |
|:---|:---|:---|:---|
| **OFFICERS** | **OFFICERS** | **OFFICERS** | **OFFICERS** |
| Name, Address\* and Year of Birth | Position(s) Held with Trust | Term of Office\*\* and Length of Time Served | Principal Occupation During Past 5 Years |
| **Trevor Shippee\***<br> **1991** | Treasurer | Since 2025 | Director, Investment Operations, Shelton Capital Management 2021 to present; Associate of Business Development, Pacific Current Group, 2018-2021 |

---

**Please retain this supplement with your Prospectus and SAI**