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    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>Treasury Bill</nameOfIssuer>
      <titleOfIssuer>US TREASURY BILL</titleOfIssuer>
      <CUSIPMember>912796RZ4</CUSIPMember>
      <investmentCategory>U.S. Treasury Debt</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>N/A</nameOfNRSRO>
        <rating>N/A</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2019-07-11</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2019-07-11</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2019-07-11</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>N</securityDemandFeatureFlag>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0248</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>1982435.44</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>1982435.44</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.0374</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <signature>
      <registrant>Shelton Funds</registrant>
      <signatureDate>2019-03-07</signatureDate>
      <signature>/s/ Gregory T. Pusch</signature>
      <nameOfSigningOfficer>Gregory T. Pusch</nameOfSigningOfficer>
      <titleOfSigningOfficer>Chief Compliance Officer</titleOfSigningOfficer>
    </signature>
  </formData>
</edgarSubmission>
