Shelton Equity Income Fund Receives Morningstar Rating of 5 Stars
Denver, November 9, 2023 – Shelton Capital Management (“Shelton”), a multi-strategy asset manager with more than $4 billion in assets under management, is pleased to announce that the Shelton Equity Income Fund (EQTIX) received a Morningstar RatingTM of 5 stars among 82 Derivative Income funds, based on risk-adjusted returns as of October 31, 2023.*
“We are proud to receive Morningstar’s highest rating,” said Barry Martin, Portfolio Manager of the Shelton Equity Income Fund. “In this market, income investors need an edge to overcome economic and interest rate headwinds. Instead of writing broad index calls, our approach to generating a high level of income and capital appreciation utilizes covered calls on individual, blue-chip securities (i.e., AAPL, MSFT) and has consistently delivered a constant stream of income for our investors.”
The Fund’s investment objective is to achieve a high level of income and capital appreciation (when consistent with high income) by investing primarily in income-producing U.S. equity securities.
A higher-for-longer interest rate environment combined with inflation concerns continue to mount for investors. EQTIX is uniquely positioned to navigate these current challenges. The Fund offers a compelling income solution that seeks to deliver a high level of income while insulating the portfolio. Currently, the Fund’s 12-month Trailing Yield (9.27%) is the top 10% of its Morningstar Derivative Income category among open-end mutual funds as of 10/31/23. Additionally, EQTIX’s total return for the 10-year period ending on 9/30/23 is in the top quartile of its Morningstar Derivative Income category.
Shelton now manages over $1 billion in its suite of income solutions utilizing covered calls. Martin, who has over 20 years of experience in the investment management industry focusing on options, leads the Fund’s management team, which has over 50 years of combined research and trading experience.
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 funds and separately managed accounts, advisor mergers, and has completed numerous transactions with the goal of improving the financial and economic performance of partner firms. Shelton Capital manages over $4.3 billion in assets as of 9/30/23. For additional information, visit http://sheltoncap.com.
Important Information
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 http://www.sheltoncap.com/home or call (800) 955-9988. A prospectus should be read carefully before investing.
It is possible to lose money by investing in a fund. Past performance does not guarantee future results. Any projections or other forward-looking statements regarding future events or performance of markets, companies, or otherwise are not necessarily indicative or differ from, actual events or results.
Options involve risk and are not suitable for everyone. Prior to buying or selling an option, your client must receive a copy of CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS. Copies of this document may be obtained from your Investment Advisor, from any exchange on which options are traded, or by contacting The Options Clearing Corporation, One North Wacker Dr., Suite 500, Chicago, IL 60606 (1-800-678-4667).
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*The fund’s Morningstar three-, five-, ten-year ratings respectively, 4 stars, 4 stars, 5 stars among 82, 74, 33 funds.
Investments in derivatives may be riskier than other types of investments. They may be more sensitive to changes in economic or market conditions than other types of investments. Many derivatives create leverage, which could lead to greater volatility and losses that significantly exceed the original investment. Positions in equity options can reduce equity market risk, but can limit the opportunity to profit from an increase in the market value of stocks in exchange for upfront cash as the time of selling the call option. Unusual market conditions or the lack of a ready market for any particular option at a specific time may reduce the effectiveness of option strategies and could result in losses.
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.
Media Contact:
Morrison Shafroth
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