G2 MA2371

NPORT-P false 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 2022-08-31 2022-05-31 N 17041153.99 73763.23 16967390.76 0 0 0 0 0 0 0 0 0 0 0 0 0 271406.25 USD N Gnma Pass-Thru M Single Family 549300M8ZYFG0OCMTT87 G2 MA2371 36179QT43 116024.32 PA USD 117178.55 0.6906103104 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 616829 36290THE2 9850.46 PA USD 10355.24 0.0610302441 Long ABS-MBS USGA US N 2 2025-01-15 Fixed 5.5 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 617057 36290TQJ1 65928.55 PA USD 69577.04 0.4100632854 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 46256.84 PA USD 49821.75 0.2936323605 Long ABS-MBS USGA US N 2 2026-01-15 Fixed 6 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 666087 36295B6Y4 83826.83 PA USD 88519.73 0.5217050238 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 27928.33 PA USD 30692.96 0.1808938123 Long ABS-MBS USGA US N 2 2038-06-15 Fixed 6 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 6 02/15/26 912810EW4 800000 PA USD 890312.5 5.2471974778 Long DBT UST US N 2 2026-02-15 Fixed 6 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 6.375 08/15/27 912810FA1 400000 PA USD 467750 2.7567585766 Long DBT UST US N 2 2027-08-15 Fixed 6.375 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 5 05/15/37 912810PU6 500000 PA USD 626962.89 3.6951049155 Long DBT UST US N 2 2037-05-15 Fixed 5 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.25 08/15/27 9128282R0 3800000 PA USD 3689710.93 21.7458947117 Long DBT UST US N 2 2027-08-15 Fixed 2.25 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 3.125 11/15/28 9128285M8 1200000 PA USD 1216546.87 7.1699113152 Long DBT UST US N 2 2028-11-15 Fixed 3.125 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.375 04/30/26 9128286S4 800000 PA USD 788062.5 4.644570937 Long DBT UST US N 2 2026-04-30 Fixed 2.375 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.375 05/15/29 9128286T2 500000 PA USD 484570.31 2.8558917329 Long DBT UST US N 2 2029-05-15 Fixed 2.375 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2 02/15/25 912828J27 800000 PA USD 785812.5 4.6313102062 Long DBT UST US N 2 2025-02-15 Fixed 2 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.5 08/15/23 912828VS6 2600000 PA USD 2609039.06 15.3767841909 Long DBT UST US N 2 2023-08-15 Fixed 2.5 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.125 02/29/24 912828W48 1300000 PA USD 1293246.1 7.6219503534 Long DBT UST US N 2 2024-02-29 Fixed 2.125 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.125 05/15/25 912828XB1 2200000 PA USD 2163562.5 12.7512976544 Long DBT UST US N 2 2025-05-15 Fixed 2.125 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 0.625 07/31/26 91282CCP4 900000 PA USD 822726.56 4.848869055 Long DBT UST US N 2 2026-07-31 Fixed 0.625 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 0.375 08/15/24 91282CCT6 500000 PA USD 476523.44 2.8084662323 Long DBT UST US N 2 2024-08-15 Fixed 0.375 N N N N N N 2022-07-21 SHELTON FUNDS /s/ Gregory Pusch Gregory Pusch General Counsel and CCO XXXX