Mutual Funds

European Growth and Income Fund

Fund Objective

The Fund’s investment objective is to provide long-term capital appreciation and income by investing in large-sized European companies.

PERFORMANCE OF A $10,000 INVESTMENT - DIRECT SHARES



A hypothetical initial investment of $10,000 on 01/08/00, the inception date of the EUGIX Fund, would have a value of $10,001 (including reinvested dividends) as of 03/31/12.

PERFORMANCE OF A $10,000 INVESTMENT - DIRECT SHARES


A hypothetical initial investment of $10,000 on 01/08/00, the inception date of the EUGIX Fund, would have a value of $10,001 (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.

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.

Sector Allocation

Sector Allocation

Disclosures

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.

Investing outside the United States involves additional risks, such as currency fluctuations, periods of illiquidity and price volatility, and country risk, as more fully disclosed in the prospectus.

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. (04/2012)

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

European Growth and Income Fund

Fund Details as of 03/31/2012