1Q23 Dividend Announcement: Shelton Equity Income Fund (EQTIX)

DENVER—April 10, 2023 —The Shelton Equity Income Fund (EQTIX) declared a dividend of $ 0.3279 per share payable to shareholders of record as of March 31, 2023.

EQTIX has paid dividends since 1997. Currently, the Fund’s 12-month Trailing Yield (7.94%) is in the top 9% of its Morningstar category (Derivative Income) among open-end mutual funds as of (3/31/23).

The Shelton Equity Income Fund also received an Overall Morningstar Rating of 4 stars among 80 Derivative Income funds, based on risk-adjusted returns, as of 3/31/2023.

The Fund seeks to invest in dividend paying stocks and seeks to create additional income by writing covered calls on its holdings aiming for generous distributions to shareholders.

EQTIX total returns include changes in share price and the reinvestment of income dividends and all capital gains distributions. 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

For more information on the Shelton Equity Income Fund (EQTIX), click here.

About Shelton Capital Management

Shelton Capital Management is a multi-strategy asset manager delivering sophisticated investment solutions and acts as a co-fiduciary on employer-sponsored retirement plans as a 3(38) advisor. Founded in 1985, Shelton Capital Management has maintained consistent investment principles and a steadfast focus on authentic customer service. Shelton Capital Management manages over $3.3 billion of assets as of March 31, 2023. For additional information, please call (800) 955-9988.

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 www.sheltoncap.com 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.

©2022 Morningstar, Inc. 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. Important Information for Morningstar® Rating

Investments in derivatives may be risker 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.