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          <ccc>XXXXXXXX</ccc>
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      <regFileNumber>811-04417</regFileNumber>
      <regCik>0000778206</regCik>
      <regLei>254900S73SCF59AAL583</regLei>
      <regStreet1>1875 Lawrence Street, Suite 300</regStreet1>
      <regCity>Denver</regCity>
      <regStateConditional regCountry="US" regState="US-CO"/>
      <regZipOrPostalCode>80202-1805</regZipOrPostalCode>
      <regPhone>800-955-9888</regPhone>
      <seriesName>Shelton Sustainable Equity Fund</seriesName>
      <seriesId>S000039758</seriesId>
      <seriesLei>254900PZH514P2M57196</seriesLei>
      <repPdEnd>2024-08-31</repPdEnd>
      <repPdDate>2024-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>203017.73</totLiabs>
      <netAssets>127738701.72</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
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        <name>Ag Growth International Inc.</name>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Advanced Energy Industries, Inc.</name>
        <lei>549300756XI3QLFT2U27</lei>
        <title>Advanced Energy Industries, Inc. COM USD0.001</title>
        <cusip>007973100</cusip>
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          <ticker value="AEIS"/>
          <other otherDesc="SEDOL Number" value="2049175"/>
          <isin value="US0079731008"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities, Inc. COM USD0.01</title>
        <cusip>015271109</cusip>
        <identifiers>
          <ticker value="ARE"/>
          <other otherDesc="SEDOL Number" value="2009210"/>
          <isin value="US0152711091"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CF Industries Holdings, Inc.</name>
        <lei>529900CG8YAQFZ2JMV97</lei>
        <title>CF Industries Holdings, Inc. COM USD0.01</title>
        <cusip>125269100</cusip>
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          <ticker value="CF"/>
          <other otherDesc="SEDOL Number" value="B0G4K50"/>
          <isin value="US1252691001"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cabot Corporation</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>Cabot Corporation COM USD1</title>
        <cusip>127055101</cusip>
        <identifiers>
          <ticker value="CBT"/>
          <other otherDesc="SEDOL Number" value="2162500"/>
          <isin value="US1270551013"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Darling Ingredients, Inc</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>Darling Ingredients, Inc COM USD0.01</title>
        <cusip>237266101</cusip>
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          <ticker value="DAR"/>
          <other otherDesc="SEDOL Number" value="2250289"/>
          <isin value="US2372661015"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Deere &amp; Company</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>Deere &amp; Company COM USD1</title>
        <cusip>244199105</cusip>
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          <ticker value="DE"/>
          <other otherDesc="SEDOL Number" value="2261203"/>
          <isin value="US2441991054"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Clean Harbors, Inc.</name>
        <lei>5493000SJVZVZJKHJF48</lei>
        <title>Clean Harbors, Inc. COM USD0.01</title>
        <cusip>184496107</cusip>
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          <ticker value="CLH"/>
          <other otherDesc="SEDOL Number" value="2202473"/>
          <isin value="US1844961078"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Energy Recovery Inc.</name>
        <lei>549300ZEQL52Z525WJ22</lei>
        <title>Energy Recovery Inc. USD0.001</title>
        <cusip>29270J100</cusip>
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          <ticker value="ERII"/>
          <other otherDesc="SEDOL Number" value="B3B5J07"/>
          <isin value="US29270J1007"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enphase Energy Inc</name>
        <lei>5493008U7KIGMI59Z314</lei>
        <title>Enphase Energy Inc COM USD0.00001</title>
        <cusip>29355A107</cusip>
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          <ticker value="ENPH"/>
          <other otherDesc="SEDOL Number" value="B65SQW4"/>
          <isin value="US29355A1079"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4246280</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First Solar Inc</name>
        <lei>549300NPYMLM4NHTOF27</lei>
        <title>First Solar Inc COM STK USD0.001</title>
        <cusip>336433107</cusip>
        <identifiers>
          <ticker value="FSLR"/>
          <other otherDesc="SEDOL Number" value="B1HMF22"/>
          <isin value="US3364331070"/>
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        <balance>32322</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8783826.72</valUSD>
        <pctVal>6.8764020627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Green Plains Inc.</name>
        <lei>VJ5WLTHARBSDR14KIZ98</lei>
        <title>Green Plains Inc. COM STK USD0.001</title>
        <cusip>393222104</cusip>
        <identifiers>
          <ticker value="GPRE"/>
          <other otherDesc="SEDOL Number" value="B11FJD6"/>
          <isin value="US3932221043"/>
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        <balance>120000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2060400</valUSD>
        <pctVal>1.6129802262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>H&amp;E Equipment Services, Inc.</name>
        <lei>254900KVLRCDMQRYY541</lei>
        <title>H&amp;E Equipment Services, Inc. USD0.01</title>
        <cusip>404030108</cusip>
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          <ticker value="HEES"/>
          <other otherDesc="SEDOL Number" value="B0WR848"/>
          <isin value="US4040301081"/>
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        <balance>80000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3789600</valUSD>
        <pctVal>2.9666811616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hannon Armstrong Sustainable Infrastructure Capital, Inc.</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>Hannon Armstrong Sustainable Infrastructure Capital, Inc. COM USD0.01</title>
        <cusip>41068X100</cusip>
        <identifiers>
          <ticker value="HASI"/>
          <other otherDesc="SEDOL Number" value="B9HHD96"/>
          <isin value="US41068X1000"/>
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        <balance>192500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6408325</valUSD>
        <pctVal>5.0167450535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gibraltar Industries, Inc.</name>
        <lei>549300AE5O3GN0YBLM57</lei>
        <title>Gibraltar Industries, Inc. COM USD0.01</title>
        <cusip>374689107</cusip>
        <identifiers>
          <ticker value="ROCK"/>
          <other otherDesc="SEDOL Number" value="2369226"/>
          <isin value="US3746891072"/>
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        <balance>45000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3395700</valUSD>
        <pctVal>2.6583172948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ryerson Holding Corporation</name>
        <lei>549300JMA41B3ZHOVE45</lei>
        <title>Ryerson Holding Corporation COM USD0.01</title>
        <cusip>783754104</cusip>
        <identifiers>
          <ticker value="RYI"/>
          <other otherDesc="SEDOL Number" value="B3TPPZ6"/>
          <isin value="US7837541041"/>
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        <balance>60000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1425000</valUSD>
        <pctVal>1.1155585432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ormat Technologies Inc.</name>
        <lei>5493000TSHHWY24VHM09</lei>
        <title>Ormat Technologies Inc. COM STK USD0.001</title>
        <cusip>686688102</cusip>
        <identifiers>
          <ticker value="ORA"/>
          <other otherDesc="SEDOL Number" value="B03L311"/>
          <isin value="US6866881021"/>
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        <balance>72000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5428800</valUSD>
        <pctVal>4.2499257679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teledyne Technologies Inc</name>
        <lei>549300VSMO9KYQWDND94</lei>
        <title>Teledyne Technologies Inc COM USD0.01</title>
        <cusip>879360105</cusip>
        <identifiers>
          <ticker value="TDY"/>
          <other otherDesc="SEDOL Number" value="2503477"/>
          <isin value="US8793601050"/>
        </identifiers>
        <balance>3000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1190850</valUSD>
        <pctVal>0.9322546605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Timken Company</name>
        <lei>B0I35MLPFXZSE70ASS73</lei>
        <title>The Timken Company COM NPV</title>
        <cusip>887389104</cusip>
        <identifiers>
          <ticker value="TKR"/>
          <other otherDesc="SEDOL Number" value="2892807"/>
          <isin value="US8873891043"/>
        </identifiers>
        <balance>30000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2606700</valUSD>
        <pctVal>2.0406501435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunpower Corporation</name>
        <lei>549300TXO070764WUH65</lei>
        <title>Sunpower Corporation COM USD0.001</title>
        <cusip>867652406</cusip>
        <identifiers>
          <ticker value="SPWR"/>
          <other otherDesc="SEDOL Number" value="B59DK93"/>
          <isin value="US8676524064"/>
        </identifiers>
        <balance>200268</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>668895.12</valUSD>
        <pctVal>0.5236432741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xylem, Inc.</name>
        <lei>549300DF5MV96DRYLQ48</lei>
        <title>Xylem, Inc. COM USD0.01</title>
        <cusip>98419M100</cusip>
        <identifiers>
          <ticker value="XYL"/>
          <other otherDesc="SEDOL Number" value="B3P2CN8"/>
          <isin value="US98419M1009"/>
        </identifiers>
        <balance>32500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4583150</valUSD>
        <pctVal>3.5879102717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>Siemens AG NPV(REGD)</title>
        <cusip>D69671218</cusip>
        <identifiers>
          <ticker value="SMAWF"/>
          <other otherDesc="SEDOL Number" value="5727973"/>
          <isin value="DE0007236101"/>
        </identifiers>
        <balance>20000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3824256.89</valUSD>
        <pctVal>2.9938122421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE EUR4.00</title>
        <cusip>F86921107</cusip>
        <identifiers>
          <ticker value="SBGSF"/>
          <other otherDesc="SEDOL Number" value="4834108"/>
          <isin value="FR0000121972"/>
        </identifiers>
        <balance>20000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4934909.96</valUSD>
        <pctVal>3.8632848883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Valmont Industries, Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>Valmont Industries, Inc. COM USD1</title>
        <cusip>920253101</cusip>
        <identifiers>
          <ticker value="VMI"/>
          <other otherDesc="SEDOL Number" value="2926825"/>
          <isin value="US9202531011"/>
        </identifiers>
        <balance>15500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3896700</valUSD>
        <pctVal>3.0505241932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aramark</name>
        <lei>549300MR6PG2DWZUIL39</lei>
        <title>Aramark COM USD0.01</title>
        <cusip>03852U106</cusip>
        <identifiers>
          <ticker value="ARMK"/>
          <other otherDesc="SEDOL Number" value="BH3XG17"/>
          <isin value="US03852U1060"/>
        </identifiers>
        <balance>130000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4179500</valUSD>
        <pctVal>3.271913636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Solaredge Technologies Inc</name>
        <lei>5493000K6Y58XXPDF853</lei>
        <title>Solaredge Technologies Inc USD0.0001</title>
        <cusip>83417M104</cusip>
        <identifiers>
          <ticker value="SEDG"/>
          <other otherDesc="SEDOL Number" value="BWC52Q6"/>
          <isin value="US83417M1045"/>
        </identifiers>
        <balance>13135</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643483.65</valUSD>
        <pctVal>0.5037499531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E L F Beauty Inc</name>
        <lei>549300U2K9TCON25C029</lei>
        <title>E L F Beauty Inc COM USD0.01</title>
        <cusip>26856L103</cusip>
        <identifiers>
          <ticker value="ELF"/>
          <other otherDesc="SEDOL Number" value="BDDQ975"/>
          <isin value="US26856L1035"/>
        </identifiers>
        <balance>5000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>934550</valUSD>
        <pctVal>0.7316106923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Johnson Controls International PLC</name>
        <lei>549300XQ6S1GYKGBL205</lei>
        <title>Johnson Controls International PLC COM USD1.00</title>
        <cusip>G51502105</cusip>
        <identifiers>
          <ticker value="JCI"/>
          <other otherDesc="SEDOL Number" value="BY7QL61"/>
          <isin value="IE00BY7QL619"/>
        </identifiers>
        <balance>70000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5033700</valUSD>
        <pctVal>3.9406224834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens Healthineers AG</name>
        <lei>529900QBVWXMWANH7H45</lei>
        <title>Siemens Healthineers AG NPV</title>
        <cusip>D6T479107</cusip>
        <identifiers>
          <ticker value="SEMHF"/>
          <other otherDesc="SEDOL Number" value="BD594Y4"/>
          <isin value="DE000SHL1006"/>
        </identifiers>
        <balance>20000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1158168.8</valUSD>
        <pctVal>0.9066702451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Moderna Inc</name>
        <lei>549300EI6OKH5K5Q2G38</lei>
        <title>Moderna Inc COM USD0.0001</title>
        <cusip>60770K107</cusip>
        <identifiers>
          <ticker value="MRNA"/>
          <other otherDesc="SEDOL Number" value="BGSXTS3"/>
          <isin value="US60770K1079"/>
        </identifiers>
        <balance>8720</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1243036</valUSD>
        <pctVal>0.9731083714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookfield Renewable Corporation</name>
        <lei>N/A</lei>
        <title>Brookfield Renewable Corporation CL A SUB VTG</title>
        <cusip>11284V105</cusip>
        <identifiers>
          <ticker value="BEPC"/>
          <other otherDesc="SEDOL Number" value="BMW8YT2"/>
          <isin value="CA11284V1058"/>
        </identifiers>
        <balance>186700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5888518</valUSD>
        <pctVal>4.609815131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viatris Inc</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris Inc COM</title>
        <cusip>92556V106</cusip>
        <identifiers>
          <ticker value="VTRS"/>
          <other otherDesc="SEDOL Number" value="BMWS3X9"/>
          <isin value="US92556V1061"/>
        </identifiers>
        <balance>150000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1590000</valUSD>
        <pctVal>1.2447284798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shoals Technologies Group Inc</name>
        <lei>N/A</lei>
        <title>Shoals Technologies Group Inc CL A</title>
        <cusip>82489W107</cusip>
        <identifiers>
          <ticker value="SHLS"/>
          <other otherDesc="SEDOL Number" value="BMDJ085"/>
          <isin value="US82489W1071"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>787000</valUSD>
        <pctVal>0.6161014551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>On Holding AG</name>
        <lei>N/A</lei>
        <title>On Holding AG NAMEN AKT A</title>
        <cusip>H5919C104</cusip>
        <identifiers>
          <ticker value="ONON"/>
          <other otherDesc="SEDOL Number" value="BPF0FP9"/>
          <isin value="CH1134540470"/>
        </identifiers>
        <balance>20000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>850800</valUSD>
        <pctVal>0.6660471639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>R1 RCM Inc.</name>
        <lei>N/A</lei>
        <title>R1 RCM Inc. COM</title>
        <cusip>77634L105</cusip>
        <identifiers>
          <ticker value="RCM"/>
          <other otherDesc="SEDOL Number" value="BP2S437"/>
          <isin value="US77634L1052"/>
        </identifiers>
        <balance>210000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2700600</valUSD>
        <pctVal>2.1141595802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accelleron Industries AG.</name>
        <lei>254900KS0MD2PAARXD14</lei>
        <title>Accelleron Industries AG. UNSPONSORED ADR</title>
        <cusip>00449R109</cusip>
        <identifiers>
          <ticker value="ACLLY"/>
          <other otherDesc="SEDOL Number" value="BP0BQR6"/>
          <isin value="US00449R1095"/>
        </identifiers>
        <balance>4875</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196755</valUSD>
        <pctVal>0.154029278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NET Power Inc</name>
        <lei>N/A</lei>
        <title>NET Power Inc COM CL A</title>
        <cusip>64107A105</cusip>
        <identifiers>
          <ticker value="NPWR"/>
          <other otherDesc="SEDOL Number" value="BRDV332"/>
          <isin value="US64107A1051"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1051000</valUSD>
        <pctVal>0.8227733536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bunge Global SA</name>
        <lei>254900IVXSV9K0B7PO26</lei>
        <title>Bunge Global SA COM SHS</title>
        <cusip>H11356104</cusip>
        <identifiers>
          <ticker value="BG"/>
          <other otherDesc="SEDOL Number" value="BQ6BPG9"/>
          <isin value="CH1300646267"/>
        </identifiers>
        <balance>49000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5271910</valUSD>
        <pctVal>4.1271047294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Veralto Corp.</name>
        <lei>635400FJE6GSOJUSNY27</lei>
        <title>Veralto Corp. COM SHS</title>
        <cusip>92338C103</cusip>
        <identifiers>
          <ticker value="VLTO"/>
          <other otherDesc="SEDOL Number" value="BPGMZQ5"/>
          <isin value="US92338C1036"/>
        </identifiers>
        <balance>8333</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>821467.14</valUSD>
        <pctVal>0.6430839902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vestis Corp.</name>
        <lei>N/A</lei>
        <title>Vestis Corp. COM SHS</title>
        <cusip>29430C102</cusip>
        <identifiers>
          <ticker value="VSTS"/>
          <other otherDesc="SEDOL Number" value="BP5JNQ3"/>
          <isin value="US29430C1027"/>
        </identifiers>
        <balance>65000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>800800</valUSD>
        <pctVal>0.6269047589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 06/13/24</title>
        <cusip>912797FS1</cusip>
        <identifiers>
          <ticker value="B"/>
          <other otherDesc="SEDOL Number" value="BRXDCX1"/>
          <isin value="US912797FS14"/>
        </identifiers>
        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2995612.92</valUSD>
        <pctVal>2.3451098842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-13</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-07-29</ncom:dateSigned>
      <ncom:nameOfApplicant>SHELTON FUNDS</ncom:nameOfApplicant>
      <ncom:signature>/s/ Gregory Pusch</ncom:signature>
      <ncom:signerName>Gregory Pusch</ncom:signerName>
      <ncom:title>General Counsel and CCO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
