Jeffrey Rosenkranz Featured in Wealth Management’s Mid-Year Outlook

Coming into 2022, the Shelton Capital Management credit team anticipated that inflation would persist and therefore interest rates needed to rise in order to cool demand before expectations became entrenched. Eventually, the Fed accepted that they could not rely on relief from the supply side of the equation. With this outlook, the Shelton Tactical Credit Fund portfolio was accordingly by shortening duration and adjusting our interest rate hedges, resulting in the portfolio outperforming all fixed income indices-corporate, municipal, and the Agg.

Read the commentary here: Skate Where the Puck is Going, but Keep Your Head on a Swivel to Avoid Punishing Checks 

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 a fund. To obtain a prospectus, visit www.sheltoncap.com or call (800) 955-9988. A prospectus should be read carefully before investing. Mutual fund investing involves risk, including possible loss of principal.

Credit-related instruments typically decrease in value when interest rates increase. Concentration in a small number of issuers increases the risk that one issuer could have a large adverse impact on the Fund’s return. Borrowing and frequent trading could increase the Fund’s operating expenses. High-yield bonds involve greater risk of default, and may be more volatile and less liquid than investment grade securities. Subordinated and unsecured loans may be disproportionately affected by default and downgrade. Foreign investments may be adversely affected by currency fluctuations, lower liquidity, tax regulation, and political instability. Derivatives can be highly illiquid and difficult to unwind.

The Fund’s short positions may equal up to 100% of the Fund’s net asset value. Short sales theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase.

Distributed by RFS Partners, a member of FINRA and affiliate of Shelton Capital Management. Investments are not FDIC insured or bank guaranteed and may lose value.