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Forbes Advisor Names Nasdaq-100 Index® Fund to 2024 Best Mutual Funds List

Forbes Advisor Names Nasdaq-100 Index® Fund to 2024 Best Mutual Funds List

Denver, March 13, 2024 – Shelton Capital Management, a multi-strategy asset manager, announced that its Nasdaq-100 Index Fund (Ticker: NASDX) was named to Forbes Advisor’s 10 Best Mutual Funds List for 2024.

“Our research demonstrates that investors want access to a Nasdaq-100 Index Fund in their 401(k) plans,” said Steve Rogers, CEO of Shelton Capital Management. “Although we are just beginning to survey plan participants, respondents tell us that including a Nasdaq-100 Index Fund in their 401(k) offering is very important to them, and plan advisors and consultants are responding to that demand. The Forbes award is just another validation that 401(k) investors have another excellent choice for their retirement plan.”

To identify the 10 best mutual funds, Forbes Advisor screened roughly 10,000 funds available for the top 33% of returns over a mix of three, five and 10 years and the bottom 10% of expense ratios. According to Forbes Advisor, “If you did not own a Nasdaq-100 Index Fund over the past decade, your portfolio missed out on having an MVP player in the game. Shelton’s Nasdaq-100 Index Fund was that sort of game changer. Launched in January 2000, in the wake of the dot-com bubble bursting, NASDX outscored 98% of its Morningstar category over the past decade.”*

“Another essential benefit of our Nasdaq-100 offering for investors is the opportunity for them to invest directly with Shelton Capital, avoiding the hassle of opening a brokerage account and paying additional fees associated with that burden,” said Dennis Clark, Managing Director, Shelton Capital Management. “We believe the Forbes Best Mutual Funds List recognition explains the overwhelming interest for a Nasdaq-100 Index Fund option in 401(k) plans and IRAs. Historically, the index performance has demonstrated that investing in innovation wins in the long run despite interim volatility.  And we continue to see strong flows into the fund because of this.”

The Nasdaq-100 Index gives investors access to a wide variety of sectors and focuses on the largest 100 non-financial companies listed on the Nasdaq exchange. For nearly four decades, the Nasdaq-100 Index has represented the world’s foremost large-cap growth index.

The Shelton Nasdaq-100 Index Fund received an Overall Morningstar Rating™ of 5 stars among 1,125 Large Growth funds, based on the risk-adjusted returns, as of 12/31/2023.** The Fund was also just named the best index fund for 2024 by Time.com and featured in Kiplinger’s Mutual Fund Guide for 2024 in the top ten list for Large Cap mutual funds. NASDX received the 2021 Refinitiv Lipper Fund Award for Best Fund for the 10-year period in the Large Cap Growth Fund category.

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 Management is active in acquisitions and fund consolidations. Shelton Capital has expertise in mutual fund and separately managed account advisor mergers and has completed seven transactions with the goal of improving the financial and economic performance of partner firms. Shelton Capital manages over $4.7 billion of assets as of 12/31/23. For additional information, visit https://sheltoncap.com.

Important Information

*Data from Morningstar Direct unless noted; current as of February 7, 2024; returns since inception are through January 31, 2024.

**The fund’s Morningstar three-, five-, ten-year ratings respectively, 4 stars, 5 stars, 5 stars among 1,118, 1,031, 810 funds.

An investment in the Fund involves risk, including possible loss of principal. Fund information is not intended to represent future portfolio composition. Portfolio holdings are subject to change and should not be considered a recommendation to buy individual securities.

The Fund invests in the largest non-financial companies that are traded on the Nasdaq Stock Market. They are currently concentrated in the technology sector which has been among the most volatile sectors of the U.S. stock market. During a declining stock market, this fund would lose money. It would potentially lose more money than other large cap funds.

Nasdaq®, Nasdaq-100® and Nasdaq-100 Index® are trade or service marks of The Nasdaq Stock Market, Inc. which with its affiliates are the “Corporations”) and are licensed for use by the Fund. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Fund.

©2024 Morningstar. 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. Past performance is no guarantee of future results. https://sheltoncap.com/morningstar/

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.sheltonfunds.com or call (800)-955-9988. A prospectus should be read carefully before investing. 

Shelton Funds are 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.

Authors

  • Dennis Clark

    Dennis Clark joined the firm in January 2011 and is responsible for developing sales, marketing,  and strategy initiatives. Dennis had a long career as a senior executive at Charles Schwab and for the prior ten years as president of Advisor Partners. Dennis earned a B.S. in Finance from the University of Oregon.

  • Tony Jacoby

    Tony Jacoby, CFA, joined Shelton Capital Management in November 2017. He has a B.A. in Economics and a M.S. in Applied Mathematics with an Option in Applied Probability and Uncertainty Quantification from the University of Colorado.

  • Steve Rogers is the Chief Executive Officer and Portfolio Manager at Shelton Capital Management. Steve has over 30 years of experience and joined Shelton Capital in 1993. He earned an MBA from the University of California, Berkeley and a B.A. from the University of Iowa.

     

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  • person described in FINRA Rule 4512(c), regardless of whether that person has an account with a FINRA member, includes;
  • a bank, savings and loan association, insurance company or registered investment company;
  • an investment adviser registered either with the SEC under Section 203 of the Investment Advisers Act or with a state securities commission (or any agency or office performing like functions) or;
  • any other person (whether a natural person, corporation, partnership, trust or otherwise) with total assets of at least $50 million;
  • governmental entity or subdivision thereof; employee benefit plan that meets the requirements of Section 403(b) or Section 457 of the Internal Revenue Code and has at least 100 participants, but does not include any participant of such a plan;
  • qualified plan, as defined in Section 3(a)(12)(C) of the Act, that has at least 100 participants, but does not include any participant of such a plan; FINRA member or registered associated person of such a member; and, person acting solely on behalf of any institutional investor.

By closing this window and entering the website, you expressly acknowledge that you have checked and confirmed that you are accessing this site from the United States for purposes of acquiring information as an Institutional Investor as defined above.

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The information contained in this section of Shelton Capital Management’s website is intended for use by Institutional Investors in the United States only. It is not intended for use by non-U.S. entities or retail investors. "Institutional Investor" means any:

  • person described in FINRA Rule 4512(c), regardless of whether that person has an account with a FINRA member, includes;
  • a bank, savings and loan association, insurance company or registered investment company;
  • an investment adviser registered either with the SEC under Section 203 of the Investment Advisers Act or with a state securities commission (or any agency or office performing like functions) or;
  • any other person (whether a natural person, corporation, partnership, trust or otherwise) with total assets of at least $50 million;
  • governmental entity or subdivision thereof; employee benefit plan that meets the requirements of Section 403(b) or Section 457 of the Internal Revenue Code and has at least 100 participants, but does not include any participant of such a plan;
  • qualified plan, as defined in Section 3(a)(12)(C) of the Act, that has at least 100 participants, but does not include any participant of such a plan; FINRA member or registered associated person of such a member; and, person acting solely on behalf of any institutional investor.

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