T 2.125 02/29/24

NPORT-P/A false 0001387131-23-001010 0000778206 XXXXXXXX S000016028 C000044041 C000044042 SHELTON FUNDS 811-04417 0000778206 254900S73SCF59AAL583 1875 Lawrence Street, Suite 300 Denver 80202-1805 800-955-9888 U.S. Government Securities Fund S000016028 254900CM11M6XXS66Y88 2023-08-31 2022-11-30 N 15289384.86 64368.91 15225015.95 0 0 0 0 0 0 0 0 0 0 0 0 0 71315.57 USD N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.125 02/29/24 912828W48 1300000 PA USD 1260441.4 8.278752575 Long DBT UST US N 2 2024-02-29 Fixed 2.13 N N N N N N Gnma Pass-Thru M Single Family 549300M8ZYFG0OCMTT87 G2 MA2371 36179QT43 105794.48 PA USD 99859.06 0.6558880485 Long ABS-MBS USGA US N 2 2044-11-20 Fixed 3.5 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 617057 36290TQJ1 57298.85 PA USD 58578.51 0.3847517152 Long ABS-MBS USGA US N 2 2036-04-15 Fixed 5.5 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 651036 36292KHM1 40548.54 PA USD 42719.87 0.2805899852 Long ABS-MBS USGA US N 2 2026-01-15 Fixed 6 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.125 05/15/25 912828XB1 2200000 PA USD 2091976.57 13.740390006 Long DBT UST US N 2 2025-05-15 Fixed 2.13 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 6.375 08/15/27 912810FA1 400000 PA USD 441437.5 2.8994222499 Long DBT UST US N 2 2027-08-15 Fixed 6.38 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 0.375 08/15/24 91282CCT6 500000 PA USD 466289.06 3.062650716 Long DBT UST US N 2 2024-08-15 Fixed 0.38 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 666087 36295B6Y4 81936.08 PA USD 83362.76 0.5475380799 Long ABS-MBS USGA US N 2 2038-03-15 Fixed 5 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 677052 36295QEZ9 27007.3 PA USD 28603.49 0.1878716587 Long ABS-MBS USGA US N 2 2038-06-15 Fixed 6 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.375 05/15/29 9128286T2 500000 PA USD 459003.91 3.0148008482 Long DBT UST US N 2 2029-05-15 Fixed 2.38 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 0.625 07/31/26 91282CCP4 900000 PA USD 796429.69 5.2310598072 Long DBT UST US N 2 2026-07-31 Fixed 0.63 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 616829 36290THE2 7729.77 PA USD 7887.72 0.0518076305 Long ABS-MBS USGA US N 2 2025-01-15 Fixed 5.5 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.5 08/15/23 912828VS6 1700000 PA USD 1673561.57 10.9921827044 Long DBT UST US N 2 2023-08-15 Fixed 2.5 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 3.125 11/15/28 9128285M8 1200000 PA USD 1153406.26 7.5757310455 Long DBT UST US N 2 2028-11-15 Fixed 3.13 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.375 04/30/26 9128286S4 800000 PA USD 757437.5 4.9749537372 Long DBT UST US N 2 2026-04-30 Fixed 2.38 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 6 02/15/26 912810EW4 800000 PA USD 845093.75 5.5506920503 Long DBT UST US N 2 2026-02-15 Fixed 6 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.25 08/15/27 9128282R0 3800000 PA USD 3534445.32 23.214723266 Long DBT UST US N 2 2027-08-15 Fixed 2.25 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2 02/15/25 912828J27 800000 PA USD 761218.75 4.9997895076 Long DBT UST US N 2 2025-02-15 Fixed 2 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 5 05/15/37 912810PU6 500000 PA USD 569101.56 3.7379373649 Long DBT UST US N 2 2037-05-15 Fixed 5 N N N N N N 2023-02-13 SHELTON FUNDS /s/ Gregory Pusch Gregory Pusch General Counsel and CCO XXXX