DENVER — March 30, 2026 — Shelton Capital Management (“Shelton”) announced today that it will become the investment advisor of STF Management LP (“STF Management”) assets, including two exchange-traded funds: the STF Tactical Growth ETF (TUG) and the STF Tactical Growth & Income ETF (TUGN).
The combined assets of the funds are approximately $100 million, bringing Shelton’s total assets under management to over $7 billion. Shelton has appointed Jonathan Molchan of STF Management as Senior Portfolio Manager and Head of ETF Trading, effective March 30.
Leadership Commentary
“Bringing on an ETF veteran like Jon Molchan is exciting because it bridges a gap in our ETF capabilities while bolstering our lineup with a very strong, five-star rated fund TUGN,” said Steve Rogers, Chief Executive Officer of Shelton Capital Management. “The merger complements our growth strategy as we migrate to become a ‘wrapper neutral’ platform, enabling Shelton to better serve advisors and their clients. Jon brings extensive portfolio management experience with his addition to Shelton’s powerful options team. His 20 years of derivatives experience in trading, research and risk management will support our continued work to expand our ETF lineup.”
“Joining a strong team at Shelton is an important next step for our ETFs,” said Jonathan Molchan. “We’re bringing a strong track record and our performance capabilities onto a platform that has the marketing and distribution capabilities needed for our products to flourish. That focus on execution is one reason I’m looking forward to joining Shelton and continuing to manage the ETFs — combining my more than 12 years of experience in options-based ETFs with Shelton’s nearly 20 years of covered call expertise and a strong commitment to exceptional client care.”
Strategic Context
The existing Shelton covered call lineup includes the Shelton Equity Premium Income ETF (SEPI), the Equity Income Fund (EQTIX), and its Separately Managed Account program.
Shelton’s latest acquisition follows preliminary SEC approval to launch dual-share products and the firm’s purchase of Stringer Asset Management — its first acquisition of 2026. As Shelton expands its product lineup and investment expertise, it will continue to explore how ETF structures best serve advisors and shareholders of its existing mutual funds.
About Shelton Capital Management
Shelton Capital Management is a boutique investment firm that helps investors pursue their financial goals through tailored investment solutions and human-centric customer service. Founded in 1985, the company provides mutual funds, ETFs, ETF-based portfolios, and separately managed accounts to the clients of wealth managers, retirement plans, and individual investors.
As of January 31, 2026, the firm manages more than $7 billion in assets across fixed income portfolios, U.S. equity and international equity strategies, ESG solutions, and equity income products leveraging expertise in options. Shelton has earned recognition from Morningstar, Lipper, Forbes Advisor, and Pensions & Investments. The company is headquartered in Denver, Colorado with additional offices in Memphis and San Francisco. For more information, visit sheltoncap.com.
Important Information
An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, call (800) 955-9988 or visit sheltoncap.com. Read the prospectus carefully before investing.
Because the Fund is an ETF (rather than a mutual fund), shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemable. Owners of shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only. Brokerage commissions will reduce returns.
The Fund is subject to a number of risks including: Cash Redemption Risk, Derivatives (Options) Risk, Fixed Income Risk, Fixed Income Call Risk, Fixed Income Credit Risk, Fixed Income Extension Risk, Fixed Income Interest Rate Risk, Large-Capitalization Investing Risk, Management Risk, Models and Data Risk, Non-Diversification Risk, Other Investment Company Risk, and U.S. Treasury Obligations Risk. Please read the prospectus carefully for full descriptions of each risk factor.
TUGN received an Overall Morningstar Rating™ of 5 stars among 216 US Fund Tactical Allocation funds, based on risk-adjusted returns, as of 2/28/2026. TUG and TUGN ETFs are distributed by Foreside Fund Services, LLC. The Shelton Equity Premium Income ETF is distributed by Paralel Distributors LLC, Member FINRA. Shelton Capital Management is not affiliated with Paralel Distributors LLC. 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.
Media Contact:
Christina Robben
(720) 871-7229
pr@sheltoncap.com
