# EDGAR Filing Document

**Accession Number:** 0000778206
**File Stem:** 0002000324-26-001783
**Filing Date:** 2026-4
**Character Count:** 38171
**Document Hash:** 8d68ea54f64c0eea78d52391b21d27e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001783.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0002000324-26-001783

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20260831

**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:** 26915158

**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

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

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

## 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:** Nasdaq-100 Index Fund

- **b. EDGAR series identifier (if any):** S000016026

- **c. LEI of Series:** 2549005MCC0WV388D103

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $2005849361.81

**Total Liabilities:** $1029081.37

**Net Assets:** $2004820280.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000044038 | -0.55%               | 1.15%                | -2.31%               |
| Class ID C000044037 | -0.57%               | 1.13%                | -2.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $44146390.77             | $-61590564.11                              |
| Month 2  | $-0.03                   | $-26867519.40                              |
| Month 3  | $-52.85                  | $-5914488.13                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Palantir Technologies Inc            | Palantir Technologies Inc CL A                 | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    244309 | NS      | $33516751.71  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                         | DoorDash Inc CL A                              | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     43932 | NS      | $7752680.04   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.          | Advanced Micro Devices Inc. COM                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    174118 | NS      | $34860164.78  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                            | Adobe Inc COM                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     44769 | NS      | $11747833.29  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                         | Autodesk Inc COM                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     22673 | NS      | $5574610.51   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.      | Automatic Data Processing, Inc. COM            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     43728 | NS      | $9373534.08   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                | NXP Semiconductors NV COM                      | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     26916 | NS      | $6110201.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                 | Baker Hughes Company CL A                      | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105535 | NS      | $6887214.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                  | Axon Enterprise Inc COM                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      8652 | NS      | $4692844.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                           | Airbnb Inc COM CL A                            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     45485 | NS      | $6145478.35   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                | Atlassian Corporation CL A                     | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     19161 | NS      | $1439565.93   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                           | Amgen Inc. COM                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     57590 | NS      | $22354134.40  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                 | Electronic Arts Inc. COM                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     26748 | NS      | $5364846.36   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated    | Microchip Technology Incorporated COM          | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     58432 | NS      | $4361364.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                        | QUALCOMM Inc. COM                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    114543 | NS      | $16306341.48  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                         | Synopsys Inc COM                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     20083 | NS      | $8314362.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                     | Amazon.com, Inc. COM                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    414141 | NS      | $86969610.00  | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | Alphabet Inc. CAP STK CL C                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    209468 | NS      | $65234619.24  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | Alphabet Inc. CAP STK CL A                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    225390 | NS      | $70267586.40  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                          | Datadog Inc CL A COM                           | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     35186 | NS      | $3939424.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.      | GE Healthcare Technologies Inc. COMMON STOCK   | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     49250 | NS      | $4150297.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                 | Keurig Dr Pepper Inc COM                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    146888 | NS      | $4447768.64   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                           | Apple Inc. COM                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    572439 | NS      | $151226935.00 | 7.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                         | NVIDIA Corp. COM                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    941388 | NS      | $166804539.70 | 8.32%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.             | O'Reilly Automotive Inc. COM                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     91264 | NS      | $8567864.32   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                           | Intuit Inc COM                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     29761 | NS      | $12173141.83  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc               | Diamondback Energy Inc COM                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     30978 | NS      | $5392650.24   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                | Western Digital Corp. COM                      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     36566 | NS      | $10227510.20  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                  | Cisco Systems, Inc. COM                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    422568 | NS      | $33577253.28  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation             | Lam Research Corporation COM NEW               | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    134332 | NS      | $31418911.48  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                 | Booking Holdings Inc COM                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3447 | NS      | $14613039.45  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.         | Cadence Design Systems, Inc. COM               | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     29430 | NS      | $8870202.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                      | T-Mobile US Inc COM                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    119624 | NS      | $25969174.16  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc             | Crowdstrike Holdings Inc CL A                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     26839 | NS      | $9983571.22   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                       | Applovin Corp. COM CL A                        | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     32897 | NS      | $14302628.69  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                   | Meta Platforms Inc CL A                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    113773 | NS      | $73745383.14  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation         | Costco Wholesale Corporation COM               | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     47397 | NS      | $47908413.63  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.          | Warner Bros. Discovery Inc. COM SER A          | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    267917 | NS      | $7547221.89   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.               | Applied Materials Inc. COM                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     85200 | NS      | $31719960.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                          | Workday Inc CL A                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     23029 | NS      | $3080359.04   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                      | Xcel Energy Inc COM                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     63956 | NS      | $5331372.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                    | ASML Holding N.V. N Y REGISTRY SHS             | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      9383 | NS      | $13610604.48  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC   | Coca-Cola Europacific Partners PLC COM EUR0.01 | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     49540 | NS      | $5470702.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                          | Zscaler Inc COM                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     17241 | NS      | $2534254.59   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                         | Broadcom Inc COM                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    182945 | NS      | $58460074.75  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                      | Microsoft Corp. COM                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    287932 | NS      | $113082413.70 | 5.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                      | CSX Corporation COM                            | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    201333 | NS      | $8594905.77   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                           | Paccar Inc COM                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     56784 | NS      | $7159894.56   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                            | Linde PLC COM EUR0.001                         | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     49940 | NS      | $25373515.20  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC      | Seagate Technology Holdings PLC ORD SHS        | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     22839 | NS      | $9314657.76   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                         | Ferrovial SE EUR0.01                           | CUSIP: N3168P101<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     78474 | NS      | $5836896.12   | 0.29%             |  |  |  | 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        |     57121 | NS      | $7643932.22   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                  | Analog Devices Inc. COM                        | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     52368 | NS      | $18632010.72  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                     | Arm Holdings PLC SPONSORED ADS                 | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |     14889 | NS      | $1897603.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.         | Alnylam Pharmaceuticals Inc. COM               | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     14129 | NS      | $4703826.68   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.               | Verisk Analytics, Inc. COM                     | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     15453 | NS      | $3207579.21   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated  | Vertex Pharmaceuticals Incorporated COM        | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     27135 | NS      | $13481482.05  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                           | DexCom Inc COM                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     41712 | NS      | $3062912.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                         | Fortinet Inc COM                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     80402 | NS      | $6354170.06   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.         | Charter Communications, Inc. CL A              | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     13991 | NS      | $3282708.33   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                   | Cintas Corporation COM                         | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43449 | NS      | $8738897.37   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp. | Cognizant Technology Solutions Corp. CL A      | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     52183 | NS      | $3362150.69   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                  | Comcast Corporation CL A                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    388703 | NS      | $12034244.88  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.           | Constellation Energy Corp. COM                 | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     38753 | NS      | $12783839.64  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                           | Copart Inc COM                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    104661 | NS      | $3986537.49   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                     | Costar Group Inc COM                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     46405 | NS      | $2071055.15   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                         | Exelon Corp. COM                               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    108050 | NS      | $5345233.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                         | Fastenal Co. COM                               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    122782 | NS      | $5652883.28   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                 | Gilead Sciences Inc. COM                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    132690 | NS      | $19764175.50  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.         | Honeywell International Inc. COM               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     67901 | NS      | $16540004.59  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.              | IDEXX Laboratories Inc. COM                    | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      8540 | NS      | $5608474.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                           | Insmed Inc COM PAR $.01                        | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     23059 | NS      | $3443400.47   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                    | Intel Corporation COM                          | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    510150 | NS      | $23267941.50  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.              | Intuitive Surgical Inc. COM NEW                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     37913 | NS      | $19089574.63  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                            | KLA Corp. COM NEW                              | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     14052 | NS      | $21422976.60  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                  | The Kraft Heinz Co. COM                        | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    130318 | NS      | $3207125.98   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.         | Marriott International, Inc. CL A              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     28700 | NS      | $9807651.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc               | Marvell Technology Inc COM                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93209 | NS      | $7614243.21   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                     | Mercadolibre Inc COM                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      5422 | NS      | $9529598.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                        | Strategy Inc. CL A NEW                         | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     28944 | NS      | $3748248.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.               | Micron Technology Inc. COM                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    120355 | NS      | $49630791.35  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.         | Mondelez International, Inc. CL A              | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    139512 | NS      | $8591148.96   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.        | Monolithic Power Systems Inc. COM              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      5123 | NS      | $5854257.02   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                | Monster Beverage Corp COM                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    105634 | NS      | $9010580.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                        | Netflix, Inc. COM                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    453180 | NS      | $43614043.20  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.       | Old Dominion Freight Line Inc. COM             | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     22607 | NS      | $4590351.35   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc               | Palo Alto Networks Inc COM                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     74543 | NS      | $11100943.56  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                          | Paychex Inc COM                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     38911 | NS      | $3644015.15   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                 | Paypal Holdings Inc. COM                       | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    100067 | NS      | $4624096.07   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                          | Pepsico Inc COM                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    146236 | NS      | $24822098.64  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                    | PDD Holdings Inc. SPONSORED ADS                | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     72215 | NS      | $7490861.95   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.      | Regeneron Pharmaceuticals, Inc. COM            | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     11166 | NS      | $8728127.22   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc               | Roper Technologies Inc COM                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     11637 | NS      | $4069808.01   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                      | Ross Stores Inc COM                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     34782 | NS      | $7152570.48   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                          | Shopify Inc CL A SUB VTG SHS                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    130756 | NS      | $15786171.88  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                      | Starbucks Corp. COM                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    121612 | NS      | $11920408.24  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.   | Take-Two Interactive Software Inc. COM         | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     19978 | NS      | $4224947.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                            | Tesla Inc COM                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    193356 | NS      | $77827723.56  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.               | Texas Instruments Inc. COM                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     97177 | NS      | $20612213.47  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp                 | Thomson Reuters Corp COM                       | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     48775 | NS      | $4702397.75   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                          | Walmart Inc COM                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    522688 | NS      | $66877929.60  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills         | B 0 03/19/26                                   | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18600000 | PA      | $18568109.93  | 0.93%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE          | E-mini Nasdaq-100 Futures,Mar-2026,ETH         | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |        37 | NC      | $18503515.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** SHELTON FUNDS

**Signature:** /s/ Gregory Pusch

**Name of Signer:** Gregory Pusch

**Title:** General Counsel and CCO