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Mutual Funds

CA Tax-Free Income Fund

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The Fund’s investment objective is to seek high current tax-free income for California residents.

PERFORMANCE OF A $10,000 INVESTMENT



A hypothetical initial investment of $10,000 on 12/04/85, the inception date of the CFNTX Fund, would have grown to $57,368 (including reinvested dividends) as of 12/31/16.
PERFORMANCE OF A $10,000 INVESTMENT


A hypothetical initial investment of $10,000 on 12/04/85, the inception date of the CFNTX Fund, would have grown to $57,368 (including reinvested dividends) as of 12/31/16.
Average Total Returns
as of 12/31/16


Total returns include changes in share price and the reinvestment of income dividends and all capital gains distributions.

Performance data represents past performance which does not guarantee future results. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance data quoted. For more current month-end Fund performance information, please refer to the Monthly Total Return Information link located on the right-hand side of this page or call our office at (800) 955-9988.
Average Total Returns
as of 12/31/16

Total returns include changes in share price and the reinvestment of income dividends and all capital gains distributions.

Performance data represents past performance which does not guarantee future results. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance data quoted. For more current month-end Fund performance information, please refer to the Monthly Total Return Information link located on the right-hand side of this page or call our office at (800) 955-9988.

Fund at a Glance

This Fund seeks as high a level of income exempt from regular federal and California personal income taxes, as is consistent with prudent investment management and safety of capital. The Fund invests in intermediate and long-term municipal bonds.

  • It is made up of municipal bonds issued by the State of California and various municipalities located within the state.
  • Generally, the bonds will be rated in one of the four highest ratings (investment grade) by independent rating organizations such as Moody’s, Standard & Poor’s or Fitch.
  • The Manager will seek to invest in municipal bonds that, in the judgement of the Manager, meet environmental, social and governance screens, so that the fund may be considered a green municipal bond fund. In evaluating environmental, social and governance considerations, the manager uses criteria including, but not limited to, use of bond proceeds, expected environmental impact, source of revenues for repayment and reputation of issuer.
  • Generally, the interest on the municipal bonds in the Fund is not subject to federal and State of California personal income taxes.

This Fund is intended primarily for residents of California. If you are looking for tax-free income and are comfortable with the moderate volatility of a long-term bond fund, this may be the right investment for you.

Top Ten Holdings



Top Ten Holdings


Disclosure

Fund information is not intended to represent future portfolio composition.  Portfolio holdings are subject to change and should not be considered a recommendation to buy individual securities.  

The Fund is subject to several risks, any of which could cause the Fund to lose money. These risks, which are described more fully in the prospectus, include interest rate risk, state-specific risk, income risk, call risk, credit risk, and bankruptcy risk.

This Fact Sheet must be preceded or accompanied by the current prospectus of the Shelton Funds.  Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing.  The prospectus contains this and other information about the fund.  To obtain a prospectus, visit www.sheltoncap.com or call (800) 955-9988.  A prospectus should be read carefully before investing.  Shelton Funds are distributed by RFS Partners, a member of FINRA and affiliate of Shelton Capital Management. (1/2017)

Investments are not FDIC insured or bank guaranteed and may lose value.