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    <isConfidential>false</isConfidential>
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          <ccc>XXXXXXXX</ccc>
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        <classId>C000123237</classId>
        <classId>C000238256</classId>
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      <regFileNumber>811-04417</regFileNumber>
      <regCik>0000778206</regCik>
      <regLei>254900S73SCF59AAL583</regLei>
      <regStreet1>1125 17th Street, Ste. 2550</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>2026-08-31</repPdEnd>
      <repPdDate>2026-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>142574.35</totLiabs>
      <netAssets>71381409.55000001</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>
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      <standByCommit>0</standByCommit>
      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>46189.39</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
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        <othMon2 netRealizedGain="0" netUnrealizedAppr="1819344.79"/>
        <othMon3 netRealizedGain="78350.26" netUnrealizedAppr="-1144.42"/>
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      <mon2Flow redemption="2665836.92" reinvestment="0" sales="1051004.88"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CENTRUS ENERGY CORP</name>
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          <ticker value="LEU"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AG GROWTH INTERNATIONAL INC</name>
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        <title>AG GROWTH INTERNATIONAL INC COM NPV</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>AECOM</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CF INDUSTRIES HOLDINGS INC</name>
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        <title>CF INDUSTRIES HOLDINGS INC COM</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CABOT CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DEXCOM INC</name>
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        <lei>5493000SJVZVZJKHJF48</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ENERSYS</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
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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>ENERGY RECOVERY INC</name>
        <lei>549300ZEQL52Z525WJ22</lei>
        <title>ENERGY RECOVERY INC COM</title>
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          <ticker value="ERII"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <other otherDesc="SEDOL Number" value="B1HMF22"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC COM</title>
        <cusip>41068X100</cusip>
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          <ticker value="HASI"/>
          <other otherDesc="SEDOL Number" value="B9HHD96"/>
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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>GIBRALTAR INDUSTRIES INC</name>
        <lei>549300AE5O3GN0YBLM57</lei>
        <title>GIBRALTAR INDUSTRIES INC COM</title>
        <cusip>374689107</cusip>
        <identifiers>
          <ticker value="ROCK"/>
          <other otherDesc="SEDOL Number" value="2369226"/>
          <isin value="US3746891072"/>
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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>ITRON INC</name>
        <lei>24F6LSZD18II6ICG6S41</lei>
        <title>ITRON INC COM</title>
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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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        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR INC COM</title>
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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>ORMAT TECHNOLOGIES INC</name>
        <lei>5493000TSHHWY24VHM09</lei>
        <title>ORMAT TECHNOLOGIES INC COM</title>
        <cusip>686688102</cusip>
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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>TELEDYNE TECHNOLOGIES INC</name>
        <lei>549300VSMO9KYQWDND94</lei>
        <title>TELEDYNE TECHNOLOGIES INC COM</title>
        <cusip>879360105</cusip>
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          <ticker value="TDY"/>
          <other otherDesc="SEDOL Number" value="2503477"/>
          <isin value="US8793601050"/>
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        <curCd>USD</curCd>
        <valUSD>2789235</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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      </invstOrSec>
      <invstOrSec>
        <name>XYLEM INC</name>
        <lei>549300DF5MV96DRYLQ48</lei>
        <title>XYLEM INC COM</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>1424020</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>
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      </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>
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        <curCd>USD</curCd>
        <valUSD>3147456.84</valUSD>
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        <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>10000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3149206.72</valUSD>
        <pctVal>4.4118023724</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</title>
        <cusip>920253101</cusip>
        <identifiers>
          <ticker value="VMI"/>
          <other otherDesc="SEDOL Number" value="2926825"/>
          <isin value="US9202531011"/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2079240</valUSD>
        <pctVal>2.9128592628</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</title>
        <cusip>03852U106</cusip>
        <identifiers>
          <ticker value="ARMK"/>
          <other otherDesc="SEDOL Number" value="BH3XG17"/>
          <isin value="US03852U1060"/>
        </identifiers>
        <balance>65700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3507066</valUSD>
        <pctVal>4.9131363784</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>GAZTRANSPORT ET TECHNIGAZ SA</name>
        <lei>969500BVOHVZUUFWDT54</lei>
        <title>GAZTRANSPORT ET TECHNIGAZ SA EUR0.01</title>
        <cusip>F42674113</cusip>
        <identifiers>
          <ticker value="GZPZF"/>
          <other otherDesc="SEDOL Number" value="BJYRDP5"/>
          <isin value="FR0011726835"/>
        </identifiers>
        <balance>14000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3232151.19</valUSD>
        <pctVal>4.5280013527</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>BOX INC</name>
        <lei>549300KQUCPD8687YS68</lei>
        <title>BOX INC CL A</title>
        <cusip>10316T104</cusip>
        <identifiers>
          <ticker value="BOX"/>
          <other otherDesc="SEDOL Number" value="BVB3BV2"/>
          <isin value="US10316T1043"/>
        </identifiers>
        <balance>35000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>943600</valUSD>
        <pctVal>1.3219128145</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>FRESHPET INC</name>
        <lei>549300S4ZK8ZQ6HNPN59</lei>
        <title>FRESHPET INC COM</title>
        <cusip>358039105</cusip>
        <identifiers>
          <ticker value="FRPT"/>
          <other otherDesc="SEDOL Number" value="BS7K7M9"/>
          <isin value="US3580391056"/>
        </identifiers>
        <balance>8000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>412800</valUSD>
        <pctVal>0.5783018332</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>ELF BEAUTY INC</name>
        <lei>549300U2K9TCON25C029</lei>
        <title>ELF BEAUTY INC COM</title>
        <cusip>26856L103</cusip>
        <identifiers>
          <ticker value="ELF"/>
          <other otherDesc="SEDOL Number" value="BDDQ975"/>
          <isin value="US26856L1035"/>
        </identifiers>
        <balance>4400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>246400</valUSD>
        <pctVal>0.3451879159</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 SHS</title>
        <cusip>G51502105</cusip>
        <identifiers>
          <ticker value="JCI"/>
          <other otherDesc="SEDOL Number" value="BY7QL61"/>
          <isin value="IE00BY7QL619"/>
        </identifiers>
        <balance>17500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2346050</valUSD>
        <pctVal>3.2866400577</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>SIMPLY GOOD FOODS COMPANY (THE)</name>
        <lei>N/A</lei>
        <title>SIMPLY GOOD FOODS COMPANY (THE) COM</title>
        <cusip>82900L102</cusip>
        <identifiers>
          <ticker value="SMPL"/>
          <other otherDesc="SEDOL Number" value="BF27XF9"/>
          <isin value="US82900L1026"/>
        </identifiers>
        <balance>19000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>218880</valUSD>
        <pctVal>0.3066344604</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 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>35000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1425804.95</valUSD>
        <pctVal>1.9974457761</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>CLEARWAY ENERGY INC</name>
        <lei>549300LHAZ9HA9G3XC48</lei>
        <title>CLEARWAY ENERGY INC CL C</title>
        <cusip>18539C204</cusip>
        <identifiers>
          <ticker value="CWEN"/>
          <other otherDesc="SEDOL Number" value="BGJRH57"/>
          <isin value="US18539C2044"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>617400</valUSD>
        <pctVal>0.8649310848</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>CORTEVA INC</name>
        <lei>549300WZN9I2QKLS0O94</lei>
        <title>CORTEVA INC COM</title>
        <cusip>22052L104</cusip>
        <identifiers>
          <ticker value="CTVA"/>
          <other otherDesc="SEDOL Number" value="BK73B42"/>
          <isin value="US22052L1044"/>
        </identifiers>
        <balance>20000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1565600</valUSD>
        <pctVal>2.1932881543</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>PINTEREST INC</name>
        <lei>529900Y043CEBGO4HB65</lei>
        <title>PINTEREST INC CL A</title>
        <cusip>72352L106</cusip>
        <identifiers>
          <ticker value="PINS"/>
          <other otherDesc="SEDOL Number" value="BJ2Z0H2"/>
          <isin value="US72352L1061"/>
        </identifiers>
        <balance>30000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>601500</valUSD>
        <pctVal>0.8426563776</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>33400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1232126</valUSD>
        <pctVal>1.7261160963</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>VERTIV HOLDINGS COMPANY</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>VERTIV HOLDINGS COMPANY COM CL A</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <ticker value="VRT"/>
          <other otherDesc="SEDOL Number" value="BL3LWS8"/>
          <isin value="US92537N1081"/>
        </identifiers>
        <balance>9500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2999245</valUSD>
        <pctVal>4.2017172523</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>VITAL FARMS INC</name>
        <lei>549300S6NYY7ER3XOT61</lei>
        <title>VITAL FARMS INC COM</title>
        <cusip>92847W103</cusip>
        <identifiers>
          <ticker value="VITL"/>
          <other otherDesc="SEDOL Number" value="BL6JSP8"/>
          <isin value="US92847W1036"/>
        </identifiers>
        <balance>22000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>220220</valUSD>
        <pctVal>0.3085116999</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>TRANE TECHNOLOGIES PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>TRANE TECHNOLOGIES PLC COM USD1</title>
        <cusip>G8994E103</cusip>
        <identifiers>
          <ticker value="TT"/>
          <other otherDesc="SEDOL Number" value="BK9ZQ96"/>
          <isin value="IE00BK9ZQ967"/>
        </identifiers>
        <balance>3000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1353900</valUSD>
        <pctVal>1.8967123352</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>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>70000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>871500</valUSD>
        <pctVal>1.2209061232</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>WARBY PARKER INC</name>
        <lei>N/A</lei>
        <title>WARBY PARKER INC CL A COM</title>
        <cusip>93403J106</cusip>
        <identifiers>
          <ticker value="WRBY"/>
          <other otherDesc="SEDOL Number" value="BLGZN51"/>
          <isin value="US93403J1060"/>
        </identifiers>
        <balance>32000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>784640</valUSD>
        <pctVal>1.0992217791</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>MIRION TECHNOLOGIES INC</name>
        <lei>549300BNTOWVWFNVTJ65</lei>
        <title>MIRION TECHNOLOGIES INC COM CL A</title>
        <cusip>60471A101</cusip>
        <identifiers>
          <ticker value="MIR"/>
          <other otherDesc="SEDOL Number" value="BMG3PQ7"/>
          <isin value="US60471A1016"/>
        </identifiers>
        <balance>10000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>182800</valUSD>
        <pctVal>0.256089087</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>506700FB3467B9W95526</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>45000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1836900</valUSD>
        <pctVal>2.5733591023</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>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>30000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1049700</valUSD>
        <pctVal>1.4705509552</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>NEXTPOWER INC</name>
        <lei>N/A</lei>
        <title>NEXTPOWER INC CLASS A COM</title>
        <cusip>65290E101</cusip>
        <identifiers>
          <ticker value="NXT"/>
          <other otherDesc="SEDOL Number" value="BR1GTS6"/>
          <isin value="US65290E1010"/>
        </identifiers>
        <balance>10000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1564000</valUSD>
        <pctVal>2.1910466743</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>200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>402000</valUSD>
        <pctVal>0.5631718434</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>28500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3514050</valUSD>
        <pctVal>4.9229204385</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>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 06/18/26</title>
        <cusip>912797TD9</cusip>
        <identifiers>
          <ticker value="B"/>
          <other otherDesc="SEDOL Number" value="BNBVJG1"/>
          <isin value="US912797TD98"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99828.47</valUSD>
        <pctVal>0.1398521977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-18</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>2026-07-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
