DEBTX: Shelton Tactical Credit Fund - MutualFunds.com

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Shelton Tactical Credit Investor

DEBTX - Snapshot

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $46.4 M
  • Holdings in Top 10 55.9%

52 WEEK LOW AND HIGH

$10.51
$8.60
$10.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 116.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Compare DEBTX to Popular Long-Short Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.12

+0.30%

$1.63 B

3.69%

$0.37

1.91%

-

$9.97

+0.10%

$404.94 M

3.29%

$0.33

-0.30%

-

$10.04

-0.10%

$221.02 M

3.73%

$0.37

-4.02%

-

$9.31

+0.11%

$131.29 M

0.84%

$0.08

2.76%

-

$8.94

0.00%

$116.46 M

4.52%

$0.40

2.76%

-

DEBTX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Shelton Tactical Credit Fund
  • Fund Family Name
    Shelton Capital Management
  • Inception Date
    Dec 12, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Guy Benstead

Fund Description

Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in various credit-related instruments. The fund may invest up to 100% of its net assets in any one of the categories of instruments included in the preceding sentence.


DEBTX - Performance

Return Ranking - Trailing

Period DEBTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -6.4% 9.3% 71.11%
1 Yr 0.3% -5.3% 9.6% 76.09%
3 Yr 1.8%* -1.5% 6.0% 62.79%
5 Yr 2.9%* 1.0% 5.4% 52.50%
10 Yr N/A* 2.3% 5.8% N/A

* Annualized

Return Ranking - Calendar

Period DEBTX Return Category Return Low Category Return High Rank in Category (%)
2019 9.0% -2.9% 18.1% 8.89%
2018 -6.1% -17.9% 3.4% 79.49%
2017 N/A -1.5% 9.3% N/A
2016 N/A -2.1% 5.5% N/A
2015 N/A -10.8% -3.0% N/A

Total Return Ranking - Trailing

Period DEBTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -6.4% 9.3% 71.11%
1 Yr 0.3% -8.5% 9.6% 67.39%
3 Yr 1.8%* -3.4% 6.0% 55.81%
5 Yr 2.9%* 0.9% 5.4% 42.50%
10 Yr N/A* 2.3% 5.8% N/A

* Annualized

Total Return Ranking - Calendar

Period DEBTX Return Category Return Low Category Return High Rank in Category (%)
2019 9.0% -2.9% 18.1% 8.89%
2018 -1.6% -17.9% 5.2% 28.21%
2017 N/A -1.5% 11.5% N/A
2016 N/A 0.1% 8.3% N/A
2015 N/A -8.1% -1.0% N/A

NAV & Total Return History


DEBTX - Holdings

Concentration Analysis

DEBTX Category Low Category High DEBTX % Rank
Net Assets 46.4 M 7.99 M 1.63 B 80.43%
Number of Holdings 87 3 1204 82.61%
Net Assets in Top 10 29.5 M 3.63 M 263 M 43.48%
Weighting of Top 10 55.94% 16.2% 99.9% 20.00%

Top 10 Holdings

  1. CALIFORNIA ST 0.05% 9.48%
  2. Pacific Gas and Electric Company 6.05% 7.92%
  3. Petsmart Inc 7.12% 5.24%
  4. CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV 8% 5.15%
  5. Consolidated Communications, Inc. 6.5% 5.11%
  6. Navistar International Corporation 6.62% 5.11%
  7. Iron Mountain Incorporated 4.88% 4.92%
  8. Element Fleet Management Corp 3.85% 4.90%
  9. Nordstrom, Inc. 8.75% 4.90%
  10. Navient Corporation 5.88% 4.88%

Asset Allocation

Weighting Return Low Return High DEBTX % Rank
Bonds
135.33% 0.00% 135.33% 4.35%
Convertible Bonds
3.32% 0.00% 17.84% 21.74%
Stocks
0.72% -8.55% 38.51% 43.48%
Other
0.02% -10.67% 27.94% 39.13%
Preferred Stocks
0.00% 0.00% 5.22% 86.96%
Cash
-39.40% -39.40% 68.99% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High DEBTX % Rank
Consumer Defense
99.87% 0.00% 99.87% 5.71%
Energy
0.07% 0.00% 100.00% 60.00%
Industrials
0.06% 0.00% 20.00% 45.71%
Utilities
0.00% 0.00% 31.32% 97.14%
Technology
0.00% 0.00% 23.17% 97.14%
Real Estate
0.00% 0.00% 7.73% 97.14%
Healthcare
0.00% 0.00% 30.69% 97.14%
Financial Services
0.00% 0.00% 98.13% 97.14%
Communication Services
0.00% 0.00% 100.00% 97.14%
Consumer Cyclical
0.00% 0.00% 100.00% 97.14%
Basic Materials
0.00% 0.00% 6.57% 85.71%

Stock Geographic Breakdown

Weighting Return Low Return High DEBTX % Rank
US
0.72% -7.72% 38.51% 32.61%
Non US
0.00% -0.83% 6.36% 80.43%

Bond Sector Breakdown

Weighting Return Low Return High DEBTX % Rank
Corporate
57.00% 0.00% 88.29% 58.70%
Municipal
42.60% 0.00% 42.60% 4.35%
Cash & Equivalents
0.40% 0.40% 100.00% 100.00%
Derivative
0.00% 0.00% 36.76% 91.30%
Securitized
0.00% 0.00% 49.21% 97.83%
Government
0.00% 0.00% 9.97% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High DEBTX % Rank
US
135.57% 0.00% 135.57% 4.35%
Non US
-0.24% -20.20% 42.04% 97.83%

DEBTX - Expenses

Operational Fees

DEBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.79% 0.90% 5.63% 28.89%
Management Fee 1.17% 0.50% 1.70% 76.09%
12b-1 Fee 0.25% 0.00% 1.00% 48.15%
Administrative Fee 0.10% 0.04% 0.45% 35.00%

Sales Fees

DEBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.25% 5.75% 42.86%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

DEBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DEBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 116.00% 0.00% 426.00% 18.18%

DEBTX - Distributions

Dividend Yield Analysis

DEBTX Category Low Category High DEBTX % Rank
Dividend Yield 0.00% 0.00% 7.21% 71.74%

Dividend Distribution Analysis

DEBTX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

DEBTX Category Low Category High DEBTX % Rank
Net Income Ratio 2.21% -0.06% 8.02% 71.11%

Capital Gain Distribution Analysis

DEBTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

DEBTX - Fund Manager Analysis

Managers

Guy Benstead


Start Date

Tenure

Tenure Rank

Dec 12, 2013

6.89

6.9%

Guy Benstead is a Portfolio Manager for the Shelton Tactical Credit Fund and the Firm’s fixed income separately managed accounts. Mr. Benstead has over 33 years of fixed income experience in the credit and interest rate markets at firms including Cedar Ridge Partners, LLC, Bear Stearns & Co. Inc. and Drexel Burnham Lambert. He earned an MBA from the Columbia University Graduate School of Business and received a B.A. from the University of California, Davis.

Jeffrey Rosenkranz


Start Date

Tenure

Tenure Rank

Dec 12, 2013

6.89

6.9%

Jeffrey Rosenkranz is a Portfolio Manager for the Shelton Tactical Credit Fund and the Firm’s fixed income separately managed accounts. Mr. Rosenkranz has over 22 years of experience investing in the credit markets, with an emphasis in high yield, distressed debt and special situations. Prior to joining Shelton Capital, he worked at Cedar Ridge Partners, LLC, Cooperstown Capital Management, Durham Asset Management, Ernst & Young LLP and The Delaware Bay Company. He earned an MBA from the Stern School of Business at New York University and received a B.A. from Duke University.

David Falk


Start Date

Tenure

Tenure Rank

Dec 12, 2013

6.89

6.9%

David Falk is a Portfolio Manager for the Shelton Tactical Credit Fund and the Firm’s fixed income separately managed accounts. Mr. Falk has over 30 years of broad-based fixed income experience as a trader, research analyst and investment banker for firms including Cedar Ridge Partners, LLC, Bear Stearns & Co. Inc. and Lazard Freres & Co. He earned a Master of Regional Planning degree from the University of North Carolina at Chapel Hill and received a B.A. from Northwestern University.

William Mock


Start Date

Tenure

Tenure Rank

Mar 29, 2017

3.59

3.6%

William Mock is a Portfolio Manager for the Shelton Tactical Credit Fund, U.S. Government Securities Fund, Short-Term U.S. Government Bond Fund, California Tax-Free Income Fund, BDC Income Fund, United States Treasury Trust and the Firm’s fixed income separately managed accounts. Mr. Mock has 20 years of experience as a trader and portfolio manager of fixed income and derivative portfolios. He earned an MBA from the University of Chicago Booth School of Business and a B.S. from Kansas State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.51 9.18 4.28 4.43
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