Mutual Funds

Short-Term Government Bond Fund

Fund Objective

The Fund’s investment objective is to seek liquidity, safety from credit risk, preservation of investors principal and as high a level of income as is consistent with these objectives.

PERFORMANCE OF A $10,000 INVESTMENT - DIRECT SHARES



A hypothetical initial investment of $10,000 on 01/18/00, the inception date of the STUSX Fund, would have grown to $14,387 (including reinvested dividends) as of 03/31/12.

PERFORMANCE OF A $10,000 INVESTMENT - DIRECT SHARES


A hypothetical initial investment of $10,000 on 01/18/00, the inception date of the STUSX Fund, would have grown to $14,387 (including reinvested dividends) as of 03/31/12.

Average Total Returns
as of 03/31/12


Total returns include changes in share price and the reinvestment of income dividends and all capital gains distributions. All performance figures reflect an expense reimbursement, where applicable. Without the expense reimbursement, the performance figures would be lower.

The performance data quoted represents past performance. Performance figures represent past performance and are not a guarantee of 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 call our office at (800) 955-9988 or visit us on the web at www.sheltoncap.com.

Average Total Returns
as of 03/31/12

Total returns include changes in share price and the reinvestment of income dividends and all capital gains distributions. All performance figures reflect an expense reimbursement, where applicable. Without the expense reimbursement, the performance figures would be lower.

The performance data quoted represents past performance. Performance figures represent past performance and are not a guarantee of 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 call our office at (800) 955-9988 or visit us on the web at www.sheltoncap.com.

Fund at a Glance

This Fund seeks to maximize current income and moderate volatility by investing in short and intermediate-term U.S. Government Securities.

• The Fund is designed as a cash management account that will generally pay higher dividends than a money market fund, but will have some fluctuation in the share price.
• The bonds in the Fund are backed by the full faith and credit of the United States Government. This means that the Government insures the bonds against default, but not the Fund itself.
• Short-term bond funds typically pay a lower dividend than long-term bond funds. However, the share price is usually less volatile. In other words, you earn a lower dividend by avoiding more risk.

If you want dividend income and are comfortable with some share price fluctuation, you may want to consider this Fund. This Fund is referred to as an “income fund” meaning that it pays dividend income and is not managed for growth. Your investment time-frame may be short or long-term in nature.

Sector Allocation

Sector Allocation

Short-Term Government Bond Fund

Fund Details as of 03/31/12