Shelton International Select Equity Fund Celebrates Five-Year Anniversary with Overall Morningstar Five-Star and Four-Globe Sustainability Ratings

Denver, August 30, 2021 – Shelton Capital Management (“Shelton”), a multi-strategy asset manager with more than $3.8 billion in assets under management, is pleased to announce the five-year anniversary of the Shelton International Select Equity Fund (SISEX).

“We are proud to receive Morningstar’s highest rating. We believe this is a validation of our strategy, which is focused on the premise that a company generates value for its shareholders by successfully redeploying capital over time,” said Andrew Manton, Portfolio Manager of the Shelton International Select Equity Fund. “By focusing on a company’s economic returns and its reinvestment rate, we believe our principles-based approach in conjunction with the lifecycle methodology enables us to make more accurate assumptions about the future generation of cash flows—the basis for a company’s stock price.”

The Fund, which has an Overall Morningstar RatingTM of 5 stars among 680 Foreign Large Blend funds, based on risk adjusted returns, as of 7/31/21, seeks to achieve long-term capital appreciation by investing in a concentrated portfolio of 30-50 stocks using a proprietary process that focuses on identifying companies that generate superior and consistent internal returns on capital in order to create shareholder value. The Fund also has a top 5% ranking of all Foreign Large Blend Funds for the five-year period ending 7/31/2021. *

Furthermore, the Fund’s investments are based on a principles-based investment philosophy, and the Fund seeks to invest in businesses it believes are on the whole beneficial to society, and in the first instance considers potential investments on that basis. The criteria for such businesses are that they offer products and services that improve the lives of their customers, and of people in the communities in which they operate, and to exhibit responsible management practices.

In addition, as of June 30, 2021, the Fund received four globes under the Morningstar Historical Sustainability Rating.  The Morningstar Sustainability Rating for funds helps investors measure portfolio-level risk from environmental, social, and governance, or ESG, factors.

Manton, who has over 20 years of industry experience and over 10 years investing in international markets, also oversees Shelton Capital’s International Strategies in separately managed accounts (SMAs), as well the Shelton Emerging Markets Fund (EMSQX, EMSLX), which was launched in 2020 and is the successor to the ICON Emerging Markets Fund.

About Shelton Capital Management

Shelton Capital Management is a multi-strategy asset manager with fund administration and digital marketing expertise.  With a determined focus on growth, Shelton Capital is active in acquisitions and fund consolidations. Shelton Capital Management has expertise in mutual fund and separately managed account advisor mergers and has completed seven transactions with the goal of improving the financial and economic performance of partner firms. Shelton Capital has offices in San Francisco, Denver and Greenwich, and manages over $3.8 billion of assets as of 6/30/21. For additional information, visit

Important Information

It is possible to lose money by investing in a fund. Past performance does not guarantee future results. 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 or call (800) 955-9988. A prospectus should be read carefully before investing.

International investing may not be for everyone. The information contained in this document is given on a general basis without obligation and on the understanding that any person acting upon or in reliance on it, does so entirely at his or her own risk. Any projections or other forward-looking statements regarding future events or performance of countries, markets or companies are not necessarily indicative of, and may differ from, actual events or results. This information is intended to highlight issues and not to be comprehensive or to provide advice.

The MSCI ACWI ex USA is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed (excluding the United States) and emerging markets. Developed market countries include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. Emerging market countries include: Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and the United Arab Emirates. Net total return indexes reinvest dividends after the deduction of withholding taxes, using (for international indexes) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties. It is not possible to invest directly in an index.

Distributed by RFS Partners, a member of FINRA and affiliate of Shelton Capital Management.


*© 2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar © Sustainability Rating is a measure of how well the portfolio holdings are managing their ESG Risk relative to the portfolio’s Global Category peer group. The Morningstar Historical Sustainability Score is a weighted average of trialing 12 months of Morningstar Portfolio Scores. More-recent portfolios are weighted more heavily than older portfolios. Based on their Morningstar Historical Sustainability Score, funds are assigned absolute category and percent ranks within their Morningstar Categories. Higher ratings are better and indicate that a fund has, on average, more of its assets invested in companies that have lower ESG risk as characterized by Sustainalytics. The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. Morningstar updates its Sustainability Rating monthly and uses Sustainalytics’ ESG scores from the same month as the portfolio as of date. Please visit for more detail information about the Morningstar methodology calculation frequency.