<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000778206</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000039758</seriesId>
        <classId>C000123237</classId>
        <classId>C000238256</classId>
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    </filerInfo>
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      <regName>SHELTON FUNDS</regName>
      <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>2024-08-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
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      <totLiabs>158873.02</totLiabs>
      <netAssets>113401137.78</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
      <standByCommit>0</standByCommit>
      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>87982.13</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
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          <monthlyTotReturn classId="C000238256" rtn1="0.49" rtn2="4.02" rtn3="-5.15"/>
        </monthlyTotReturns>
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        <othMon2 netRealizedGain="1607996.82" netUnrealizedAppr="2960434.57"/>
        <othMon3 netRealizedGain="4229619.03" netUnrealizedAppr="-10676466.69"/>
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      <mon1Flow redemption="474541.48" reinvestment="0" sales="434686.55"/>
      <mon2Flow redemption="534799.07" reinvestment="0" sales="532631.88"/>
      <mon3Flow redemption="779465.32" reinvestment="0" sales="1257239.13"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DexCom Inc</name>
        <lei>549300YSK3QDSFR5EU59</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ag Growth International Inc.</name>
        <lei>549300ZCF9VG3Z4PHL09</lei>
        <title>Ag Growth International Inc. COM NPV</title>
        <cusip>001181106</cusip>
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          <isin value="CA0011811068"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Teledyne Technologies Inc</name>
        <lei>549300VSMO9KYQWDND94</lei>
        <title>Teledyne Technologies Inc COM USD0.01</title>
        <cusip>879360105</cusip>
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          <ticker value="TDY"/>
          <other otherDesc="SEDOL Number" value="2503477"/>
          <isin value="US8793601050"/>
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        <balance>9500</balance>
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        <curCd>USD</curCd>
        <valUSD>4111600</valUSD>
        <pctVal>3.6257131811</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <curCd>USD</curCd>
        <valUSD>2535900</valUSD>
        <pctVal>2.2362209495</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Xylem, Inc.</name>
        <lei>549300DF5MV96DRYLQ48</lei>
        <title>Xylem, Inc. COM USD0.01</title>
        <cusip>98419M100</cusip>
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          <ticker value="XYL"/>
          <other otherDesc="SEDOL Number" value="B3P2CN8"/>
          <isin value="US98419M1009"/>
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        <curCd>USD</curCd>
        <valUSD>4125900</valUSD>
        <pctVal>3.6383232838</pctVal>
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        <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>
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      </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"/>
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        <balance>10500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3000480</valUSD>
        <pctVal>2.6458993787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gaztransport Et Technigaz SA</name>
        <lei>969500BVOHVZUUFWDT54</lei>
        <title>Gaztransport Et Technigaz SA EUR0.01</title>
        <cusip>F42674113</cusip>
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          <ticker value="GZPZF"/>
          <other otherDesc="SEDOL Number" value="BJYRDP5"/>
          <isin value="FR0011726835"/>
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        <curCd>USD</curCd>
        <valUSD>2209880.64</valUSD>
        <pctVal>1.9487288075</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>Centrus Energy Corp.</name>
        <lei>549300G6VDK9G8276661</lei>
        <title>Centrus Energy Corp. CL A</title>
        <cusip>15643U104</cusip>
        <identifiers>
          <ticker value="LEU"/>
          <other otherDesc="SEDOL Number" value="BQXKDH6"/>
          <isin value="US15643U1043"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <pctVal>0.3492028455</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>
        </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"/>
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        <balance>70000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5099500</valUSD>
        <pctVal>4.4968684617</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"/>
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        <balance>40000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2324491.6</valUSD>
        <pctVal>2.0497956595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <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"/>
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        <balance>150000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1812000</valUSD>
        <pctVal>1.5978675659</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>60000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2818800</valUSD>
        <pctVal>2.485689346</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>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"/>
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        <balance>45000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4562100</valUSD>
        <pctVal>4.0229755092</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"/>
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        <balance>8333</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>936879.19</valUSD>
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        <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"/>
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        <balance>10000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1877984.08</valUSD>
        <pctVal>1.6560540015</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>HA Sustainable Infrastructure Capital Inc</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA 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>189500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6136010</valUSD>
        <pctVal>5.4108892734</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>Samsara Inc</name>
        <lei>N/A</lei>
        <title>Samsara Inc COM CL A</title>
        <cusip>79589L106</cusip>
        <identifiers>
          <ticker value="IOT"/>
          <other otherDesc="SEDOL Number" value="BPK3058"/>
          <isin value="US79589L1061"/>
        </identifiers>
        <balance>10000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>410700</valUSD>
        <pctVal>0.3621656784</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>Deere &amp; Company</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>Deere &amp; Company COM USD1</title>
        <cusip>244199105</cusip>
        <identifiers>
          <ticker value="DE"/>
          <other otherDesc="SEDOL Number" value="2261203"/>
          <isin value="US2441991054"/>
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        <balance>6000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2314440</valUSD>
        <pctVal>2.0409319036</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>Enphase Energy Inc</name>
        <lei>5493008U7KIGMI59Z314</lei>
        <title>Enphase Energy Inc COM USD0.00001</title>
        <cusip>29355A107</cusip>
        <identifiers>
          <ticker value="ENPH"/>
          <other otherDesc="SEDOL Number" value="B65SQW4"/>
          <isin value="US29355A1079"/>
        </identifiers>
        <balance>33200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4018528</valUSD>
        <pctVal>3.5436399305</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>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"/>
        </identifiers>
        <balance>15322</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3483763.14</valUSD>
        <pctVal>3.0720707113</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>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"/>
        </identifiers>
        <balance>120000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1700400</valUSD>
        <pctVal>1.4994558549</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>H&amp;E Equipment Services, Inc.</name>
        <lei>254900KVLRCDMQRYY541</lei>
        <title>H&amp;E Equipment Services, Inc. USD0.01</title>
        <cusip>404030108</cusip>
        <identifiers>
          <ticker value="HEES"/>
          <other otherDesc="SEDOL Number" value="B0WR848"/>
          <isin value="US4040301081"/>
        </identifiers>
        <balance>70000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3370500</valUSD>
        <pctVal>2.9721924012</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>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"/>
        </identifiers>
        <balance>45000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3135150</valUSD>
        <pctVal>2.764654801</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"/>
        </identifiers>
        <balance>67000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4993510</valUSD>
        <pctVal>4.403403791</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>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>10000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2538682.58</valUSD>
        <pctVal>2.2386746991</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>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>319574.55</valUSD>
        <pctVal>0.281808945</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>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>674928</valUSD>
        <pctVal>0.5951686316</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>Essential Utilities Inc</name>
        <lei>549300ILTEOF3E3QY357</lei>
        <title>Essential Utilities Inc COM</title>
        <cusip>29670G102</cusip>
        <identifiers>
          <ticker value="WTRG"/>
          <other otherDesc="SEDOL Number" value="BLCF3J9"/>
          <isin value="US29670G1022"/>
        </identifiers>
        <balance>40000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1559600</valUSD>
        <pctVal>1.3752948432</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>539000</valUSD>
        <pctVal>0.4753038731</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>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>150000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1270500</valUSD>
        <pctVal>1.1203591294</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>254900QDW0TA2TMFAP59</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>914550</valUSD>
        <pctVal>0.8064733899</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>AECOM</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>AECOM COM STK USD0.01</title>
        <cusip>00766T100</cusip>
        <identifiers>
          <ticker value="ACM"/>
          <other otherDesc="SEDOL Number" value="B1VZ431"/>
          <isin value="US00766T1007"/>
        </identifiers>
        <balance>22500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2253150</valUSD>
        <pctVal>1.9868848268</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 09/19/24</title>
        <cusip>912797KL0</cusip>
        <identifiers>
          <ticker value="B"/>
          <other otherDesc="SEDOL Number" value="BRPT6R9"/>
          <isin value="US912797KL06"/>
        </identifiers>
        <balance>3100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3092794.24</valUSD>
        <pctVal>2.7273044174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-19</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>
      <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"/>
        </identifiers>
        <balance>46266</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>926245.32</valUSD>
        <pctVal>0.8167866197</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>EnerSys</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
        <title>EnerSys COM USD0.01</title>
        <cusip>29275Y102</cusip>
        <identifiers>
          <ticker value="ENS"/>
          <other otherDesc="SEDOL Number" value="B020GQ5"/>
          <isin value="US29275Y1029"/>
        </identifiers>
        <balance>5000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>506650</valUSD>
        <pctVal>0.4467768225</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>Energy Recovery Inc.</name>
        <lei>549300ZEQL52Z525WJ22</lei>
        <title>Energy Recovery Inc. USD0.001</title>
        <cusip>29270J100</cusip>
        <identifiers>
          <ticker value="ERII"/>
          <other otherDesc="SEDOL Number" value="B3B5J07"/>
          <isin value="US29270J1007"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1624000</valUSD>
        <pctVal>1.4320843969</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>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2246850</valUSD>
        <pctVal>1.981329327</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>Darling Ingredients, Inc</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>Darling Ingredients, Inc COM USD0.01</title>
        <cusip>237266101</cusip>
        <identifiers>
          <ticker value="DAR"/>
          <other otherDesc="SEDOL Number" value="2250289"/>
          <isin value="US2372661015"/>
        </identifiers>
        <balance>100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4173000</valUSD>
        <pctVal>3.6798572587</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>Clean Harbors, Inc.</name>
        <lei>5493000SJVZVZJKHJF48</lei>
        <title>Clean Harbors, Inc. COM USD0.01</title>
        <cusip>184496107</cusip>
        <identifiers>
          <ticker value="CLH"/>
          <other otherDesc="SEDOL Number" value="2202473"/>
          <isin value="US1844961078"/>
        </identifiers>
        <balance>22000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5409800</valUSD>
        <pctVal>4.7704988732</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 Chemours Company LLC</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>The Chemours Company LLC COM USD0.01 WI</title>
        <cusip>163851108</cusip>
        <identifiers>
          <ticker value="CC"/>
          <other otherDesc="SEDOL Number" value="BZ0CTP8"/>
          <isin value="US1638511089"/>
        </identifiers>
        <balance>50000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>972000</valUSD>
        <pctVal>0.8571342572</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>Carrier Global Corporation</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>Carrier Global Corporation COM</title>
        <cusip>14448C104</cusip>
        <identifiers>
          <ticker value="CARR"/>
          <other otherDesc="SEDOL Number" value="BK4N0D7"/>
          <isin value="US14448C1045"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1091700</valUSD>
        <pctVal>0.9626887537</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>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"/>
        </identifiers>
        <balance>18272</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1920569.92</valUSD>
        <pctVal>1.6936072756</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>CF Industries Holdings, Inc.</name>
        <lei>529900CG8YAQFZ2JMV97</lei>
        <title>CF Industries Holdings, Inc. COM USD0.01</title>
        <cusip>125269100</cusip>
        <identifiers>
          <ticker value="CF"/>
          <other otherDesc="SEDOL Number" value="B0G4K50"/>
          <isin value="US1252691001"/>
        </identifiers>
        <balance>40000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3323600</valUSD>
        <pctVal>2.9308347915</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>120000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4395600</valUSD>
        <pctVal>3.8761515855</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>Advanced Energy Industries, Inc.</name>
        <lei>549300756XI3QLFT2U27</lei>
        <title>Advanced Energy Industries, Inc. COM USD0.001</title>
        <cusip>007973100</cusip>
        <identifiers>
          <ticker value="AEIS"/>
          <other otherDesc="SEDOL Number" value="2049175"/>
          <isin value="US0079731008"/>
        </identifiers>
        <balance>24700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2620423</valUSD>
        <pctVal>2.310755475</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>255547.5</valUSD>
        <pctVal>0.2253482681</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-10-30</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>
</edgarSubmission>
