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Trending ETFs

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$30.35

$134 M

0.21%

$0.06

1.23%

Vitals

YTD Return

-3.3%

1 yr return

-6.4%

3 Yr Avg Return

-10.3%

5 Yr Avg Return

12.1%

Net Assets

$134 M

Holdings in Top 10

41.6%

52 WEEK LOW AND HIGH

$30.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$30.35

$134 M

0.21%

$0.06

1.23%

NEXTX - Profile

Distributions

  • YTD Total Return -3.3%
  • 3 Yr Annualized Total Return -10.3%
  • 5 Yr Annualized Total Return 12.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.35%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Shelton Sustainable Equity Fund
  • Fund Family Name
    SHELTONCAP
  • Inception Date
    Mar 12, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeremy Deems

Fund Description

Under normal market conditions, the Fund invests 80 percent of the net assets of the Fund (which includes the amount of any borrowings for investment purposes) in equities of “Sustainable” companies. Shelton Capital Management, the Fund’s investment adviser, identifies Sustainable companies as those which fulfill one or more of the requirements of our PRIME criteria:

● Principles: Encourage and improve human well-being and personal freedom 

● Research: R&D of new technologies that provide for more efficient resource utilization 

● Impact: Help scale the above advantages to a broader range of beneficiaries 

● Mitigation: Reduce environmental risks and halt or reverse the effects of climate change 

● Evolution: Increase economic efficiencies and limit the effects of systematic economic risks

Shelton Capital Management evaluates a company’s performance on Environmental, Social and Governance factors (“ESG”) as contributing to a qualification as a Sustainable company. Such factors include but are not limited to: GHG emissions, energy, water and waste management, productivity, product quality and safety, employee health safety, business ethics and corporate governance.

Sustainable companies exist across all sectors and sub-sectors of the economy. For example, within agriculture, many firms are working towards executing sustainable farming practices, or providing the methods to do so. Shelton Capital Management considers the complete scope of operations for any firm including clients and vendors Firms that actively consider the welfare of their employee base in the growth of their business can be found in any industry, and in many if not all parts of the world.

The Fund will invest in U.S. common and foreign stocks and American Depository Receipts (“ADRs”) The Fund may invest in companies of all sizes and seeks diversification by economic sector and geography. 

Shelton Capital Management analyzes stocks considered for ownership by the Fund based on how the characteristics that qualify them for the sustainable economy contribute to improving the financial condition of the firm. Shelton Capital Management employs both qualitative and quantitative fundamental analysis designed to evaluate each company’s financial condition and relative industry position, as well as qualitative criteria derived from macro-economics.

Although the Fund will attempt to invest as much of its assets as is practical in common stocks, the Fund may maintain a reasonable (up to 20%) position in in U.S. Treasury Bills and money market instruments to meet redemption requests and other liquidity needs.

The Fund may invest in stock futures contracts of indices and similar investments when holding cash or cash equivalents to keep the Fund more fully exposed to the equity markets. Utilizing futures on indices and similar investments allows the Fund to maintain a high percentage of the portfolio in the market while maintaining cash for short-term liquidity needs and other purposes.

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NEXTX - Performance

Return Ranking - Trailing

Period NEXTX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -16.7% 22.3% 95.07%
1 Yr -6.4% -12.4% 48.8% 99.63%
3 Yr -10.3%* -29.3% 78.7% 92.86%
5 Yr 12.1%* -4.9% 97.4% 7.83%
10 Yr 8.4%* -0.2% 36.4% 83.59%

* Annualized

Return Ranking - Calendar

Period NEXTX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -27.7% 68.0% 96.52%
2022 -27.1% -85.6% 350.1% 25.60%
2021 -1.7% -77.0% 238.3% 48.86%
2020 111.5% -44.1% 2474.5% 3.72%
2019 43.4% -50.2% 44.0% 0.60%

Total Return Ranking - Trailing

Period NEXTX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -16.7% 22.3% 95.07%
1 Yr -6.4% -12.4% 48.8% 99.63%
3 Yr -10.3%* -29.3% 78.7% 92.86%
5 Yr 12.1%* -4.9% 97.4% 7.83%
10 Yr 8.4%* -0.2% 36.4% 83.59%

* Annualized

Total Return Ranking - Calendar

Period NEXTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -26.1% 68.0% 97.44%
2022 -26.2% -67.0% 440.7% 36.46%
2021 2.6% -23.5% 342.2% 89.77%
2020 114.1% 2.6% 2549.1% 3.72%
2019 43.7% 14.6% 44.8% 1.21%

NAV & Total Return History


NEXTX - Holdings

Concentration Analysis

NEXTX Category Low Category High NEXTX % Rank
Net Assets 134 M 2.73 M 100 B 85.40%
Number of Holdings 42 25 3644 85.95%
Net Assets in Top 10 66.7 M 449 K 9.69 B 77.74%
Weighting of Top 10 41.63% 0.4% 99.9% 18.25%

Top 10 Holdings

  1. Schneider Electric SE EUR4.00 4.58%
  2. Brookfield Renewable Corporation CL A SUB VTG 4.42%
  3. Bunge Global SA COM SHS 4.39%
  4. Hannon Armstrong Sustainable Infrastructure Capital, Inc. COM USD0.01 4.30%
  5. Ormat Technologies Inc. COM STK USD0.001 4.29%
  6. Siemens AG NPV(REGD) 4.19%
  7. HE Equipment Services, Inc. USD0.01 4.15%
  8. Cabot Corporation COM USD1 3.95%
  9. Darling Ingredients, Inc COM USD0.01 3.84%
  10. The Timken Company COM NPV 3.53%

Asset Allocation

Weighting Return Low Return High NEXTX % Rank
Stocks
98.53% 0.92% 101.49% 49.27%
Bonds
1.25% -3.27% 1.87% 1.28%
Cash
0.22% 0.00% 99.08% 74.64%
Preferred Stocks
0.00% 0.00% 5.46% 28.65%
Other
0.00% -0.18% 16.96% 45.80%
Convertible Bonds
0.00% 0.00% 0.40% 19.16%

Stock Sector Breakdown

Weighting Return Low Return High NEXTX % Rank
Technology
47.19% 0.04% 62.17% 2.74%
Real Estate
14.50% 0.00% 19.28% 0.36%
Healthcare
12.35% 0.00% 37.06% 86.68%
Industrials
7.98% 0.00% 38.23% 88.69%
Consumer Cyclical
6.61% 0.00% 57.41% 92.88%
Utilities
5.54% 0.00% 12.94% 1.46%
Consumer Defense
3.47% 0.00% 16.40% 23.54%
Financial Services
1.98% 0.00% 43.01% 93.43%
Communication Services
0.38% 0.00% 18.33% 83.94%
Energy
0.00% 0.00% 62.10% 69.71%
Basic Materials
0.00% 0.00% 17.25% 80.47%

Stock Geographic Breakdown

Weighting Return Low Return High NEXTX % Rank
US
98.53% 0.64% 101.49% 40.51%
Non US
0.00% 0.00% 34.57% 38.32%

Bond Sector Breakdown

Weighting Return Low Return High NEXTX % Rank
Derivative
0.00% -0.18% 16.96% 29.20%
Cash & Equivalents
0.00% 0.00% 100.00% 83.39%
Securitized
0.00% 0.00% 30.57% 19.92%
Corporate
0.00% 0.00% 100.00% 30.48%
Municipal
0.00% 0.00% 0.02% 19.92%
Government
0.00% 0.00% 99.86% 20.52%

Bond Geographic Breakdown

Weighting Return Low Return High NEXTX % Rank
US
1.25% -3.27% 1.87% 1.28%
Non US
0.00% 0.00% 0.02% 18.98%

NEXTX - Expenses

Operational Fees

NEXTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.02% 17.54% 37.98%
Management Fee 0.75% 0.00% 1.50% 54.48%
12b-1 Fee N/A 0.00% 1.00% 3.65%
Administrative Fee 0.10% 0.00% 0.40% 49.73%

Sales Fees

NEXTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NEXTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

NEXTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 250.31% 9.51%

NEXTX - Distributions

Dividend Yield Analysis

NEXTX Category Low Category High NEXTX % Rank
Dividend Yield 0.21% 0.00% 34.32% 14.60%

Dividend Distribution Analysis

NEXTX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

NEXTX Category Low Category High NEXTX % Rank
Net Income Ratio -0.35% -2.24% 2.75% 27.04%

Capital Gain Distribution Analysis

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

Distributions History

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NEXTX - Fund Manager Analysis

Managers

Jeremy Deems


Start Date

Tenure

Tenure Rank

Mar 12, 2013

9.22

9.2%

As Green Alpha’s Chief Financial and Chief Compliance Officer, Jeremy oversees the company’s financial well-being and ensures the firm’s operations are in compliance with all regulatory rules and best practices. He is also a co-portfolio manager on all Green Alpha portfolios. Jeremy brought his impact investing expertise to Boulder in 2007, where he co-founded Green Alpha Advisors with Garvin Jabusch. Thinking more like a VC and scientist than a traditional public-equity manager, Jeremy understood the immense investment opportunity presented by the transition to a de-carbonized economy. The result was Next Economy investing—a method that aims to invest only in innovative solutions to system-level risks like climate change, never in their causes. Prior to co-founding Green Alpha, Jeremy was CFO of Forward Management, LLC, the investment advisor to the Forward Funds and Sierra Club Mutual Funds. He was responsible for all areas related to finance, operations, and human resources. Jeremy was also a co-portfolio manager on the Sierra Club Stock Fund, alongside Green Alpha co-founder, Garvin Jabusch. In addition, Jeremy was the CFO of ReFlow Management Co., LLC, an innovative liquidity management tool for the mutual fund industry, developed by Gordon Getty. There, he was responsible for all financial matters for more than 15 related business entities and affiliates with over 50 employees. From 2004 to 2005, Jeremy also served as treasurer of the Forward Funds and Sierra Club Funds. His tenure at Forward and ReFlow provided invaluable experience related to new venture creation and the opportunities and challenges associated with start-up ventures in the investment industry. Prior to joining Forward Management and ReFlow in 1998, Jeremy worked within the Investment Consulting Services Group (Separately Managed Accounts) at Morgan Stanley Dean Witter. Jeremy holds a B.S. in Business Administration, Honors Concentration in Financial Services and a Minor in Accounting from Saint Mary’s College of California. Jeremy returned to Saint Mary’s College several years later to pursue his MBA in Finance. Jeremy was a licensed Certified Public Accountant from 2001 to 2016. Jeremy also serves as an independent Trustee and Audit Committee Chairman of the Reaves Utility Income Fund (a closed-end fund), the ALPS Variable Insurance Trust (an insurance mutual fund family), the ALPS ETF Trust (a family of exchange traded funds), the Financial Investors Trust (a family of open-end mutual funds), and the Clough Funds Trust (open end mutual funds). Together, these trusts offer over 60 funds and manage in excess of $20 billion in client assets. Jeremy enjoys the outdoors with his wife and two kids as much as possible, sharing with them a love of skiing, fly fishing, backpacking and golf.

Garvin Jabusch


Start Date

Tenure

Tenure Rank

Mar 12, 2013

9.22

9.2%

Garvin is the Chief Investment Officer for Green Alpha Advisors, where he leads investment research; conducts macroeconomic, scientific, and technological analysis; and develops and communicates the Next Economy investment approach. Prior to co-founding Green Alpha with Jeremy Deems in 2007, Garvin had realized that traditional investment methods constrained the opportunity to have impact and achieve long-term competitive returns. How could he invest in the leaders of tomorrow’s sustainable economy if they were limited to an index of the carbon economy’s winners? Together with Jeremy, Garvin decided to throw out the rule book, found Green Alpha, and begin investing in the Next Economy—a method that aims to invest only in innovative solutions to system-level risks like climate change, never in their causes. Garvin previously worked at Forward Management, LLC where he managed the Sierra Club Stock Fund and the Sierra Club Equity Income Fund. Before Forward Management, Garvin served as Vice President of Strategic Services at Morgan Stanley where he contributed to such projects as the integration of European acquisitions and the sale of Morgan Stanley Online. He also served as a product manager at Morgan Stanley Online, managing the launches of wireless trading and after-hours trading for the firm’s clients. After-hours trading on MarketXT marked the first time retail investors in the U.S. had the opportunity to trade in the after-close markets. His other experience includes research and analysis, trading and mutual fund sales. Earlier, Garvin studied in the Ph.D. program in physical anthropology and archaeology for five years at the University of Utah. Garvin was a field Director for the American Expedition to Petra, Jordan for two excavation seasons, and served as archaeologist and crew chief at many sites in the American West. Other jobs held by Garvin have included EMT and whitewater rafting guide. Garvin holds an MBA in international management and finance from the American Graduate School of International Management (Thunderbird). His mix of business and science-intensive backgrounds brings knowledge of long-term systemic risk and societal collapse to portfolio management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.2 2.25