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Trending ETFs

Green California Tax-Free Income Fund

mutual fund
CFNTX
Payout Change
Pending
Price as of:
$10.79 +0.0 +0.0%
primary theme
Municipal Bond
share class
CFNTX (Mutual Fund)

Green California Tax-Free Income Fund

Payout Change
Pending
Price as of:
$10.79 +0.0 +0.0%
primary theme
Municipal Bond
share class
CFNTX (Mutual Fund)

Green California Tax-Free Income Fund

Payout Change
Pending
Price as of:
$10.79 +0.0 +0.0%
primary theme
Municipal Bond
share class

Name

As of 12/09/2024

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

$10.79

$36.4 M

2.05%

$0.22

0.70%

Vitals

YTD Return

2.3%

1 yr return

3.7%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

0.4%

Net Assets

$36.4 M

Holdings in Top 10

49.7%

52 WEEK LOW AND HIGH

$10.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/09/2024

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

$10.79

$36.4 M

2.05%

$0.22

0.70%

CFNTX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.82%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Green California Tax-Free Income Fund
  • Fund Family Name
    SHELTONCAP
  • Inception Date
    Jan 03, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Rogers

Fund Description

The Fund invests in municipal bonds issued by the State of California and various municipalities located within California. Generally, these bonds are rated in one of the four highest ratings (investment grade) by an independent rating organization such as Standard & Poor’s, Moody’s or Fitch. In some cases, securities are not rated by independent agencies. The Fund will generally purchase an unrated security only if Shelton Capital Management, the investment advisor to the Fund, believes the security is of similar quality to an investment-grade issue. Shelton Capital Management will seek to invest in municipal bonds that meet environmental, social and governance screens so that the Fund may be considered a green municipal bond fund. In evaluating environmental, social and governance considerations, Shelton Capital Management uses criteria including, but not limited to, use of bond proceeds, expected environmental impact, the source of revenues for repayment, and the reputation of the issuer. Generally, the interest on municipal bonds is not subject to federal and California personal income taxes. Under normal market conditions, it is the Fund’s fundamental policy to invest at least 80% of its total assets (which includes the amount of any borrowings for investment purposes) in California municipal bonds, that are exempt from federal and California state income taxes, although generally the percentage is much higher. California municipal bonds include municipal bonds issued by the State of California and various municipalities located within California. This policy with respect to exemption from federal and California state income taxes is a fundamental policy of the Fund and may not be changed without shareholder approval. Under normal market conditions, the Fund invests 80% of the net assets of the Fund (which includes the amount of any borrowings for investment purposes) in municipal bonds that meet environmental, social and governance screens that Shelton Capital Management evaluates as making such investments “green” investments for this purpose. In evaluating environmental, social and governance considerations, Shelton Capital Management uses criteria including, but not limited to, use of bond proceeds, expected environmental impact, the source of revenues for repayment, and the reputation of the issuer. These policies with respect to California and “green” investments may not be changed unless Fund shareholders are given at least 60 days prior notice. The Fund’s duration typically ranges from four to twelve years. Although the Fund is not prevented from holding bonds whose interest is subject to the federal alternative minimum tax (“AMT”), Shelton Capital Management seeks to invest primarily in non-AMT bonds. Shelton Capital Management may sell portfolio securities for a variety of reasons, including when it believes such securities are no longer consistent with the Fund’s investment objective, other securities appear to offer more compelling opportunities, or to meet redemption requests. Changes in the rating of a security will not necessarily result in the sale of that security.

The Fund is non-diversified which means it may invest a large percentage of its assets in the securities of a particular issuer as compared with other types of mutual funds. Accordingly, a chance exists that the Fund’s performance may be hurt disproportionately by poor performance of a relatively few number of securities or by factors that impact a relatively small number of issuers.

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CFNTX - Performance

Return Ranking - Trailing

Period CFNTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.4% 40.7% 86.90%
1 Yr 3.7% -2.6% 45.9% 82.20%
3 Yr -0.1%* -10.2% 6.4% 44.95%
5 Yr 0.4%* -6.5% 1105.2% 78.68%
10 Yr 1.3%* -0.9% 249.0% 71.76%

* Annualized

Return Ranking - Calendar

Period CFNTX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -1.4% 41.0% 81.89%
2022 -8.2% -39.7% 0.3% 21.50%
2021 -2.0% -5.6% 6.9% 97.59%
2020 1.4% -2.6% 310.0% 66.25%
2019 2.7% 0.0% 26.0% 83.08%

Total Return Ranking - Trailing

Period CFNTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.4% 40.7% 86.90%
1 Yr 3.7% -2.6% 45.9% 82.20%
3 Yr -0.1%* -10.2% 6.4% 44.95%
5 Yr 0.4%* -6.5% 1105.2% 78.68%
10 Yr 1.3%* -0.9% 249.0% 71.76%

* Annualized

Total Return Ranking - Calendar

Period CFNTX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -1.3% 41.0% 80.47%
2022 -6.1% -39.7% 1.1% 19.66%
2021 0.1% -4.8% 23761504.0% 84.95%
2020 2.7% -1.5% 17057.9% 80.46%
2019 5.1% 0.2% 3514.6% 79.55%

NAV & Total Return History


CFNTX - Holdings

Concentration Analysis

CFNTX Category Low Category High CFNTX % Rank
Net Assets 36.4 M 3.22 M 71.9 B 95.83%
Number of Holdings 36 4 13418 98.66%
Net Assets in Top 10 19.2 M -317 M 3.09 B 88.52%
Weighting of Top 10 49.75% 1.8% 100.3% 2.49%

Top 10 Holdings

  1. CA LRSHGR 5 08/01/2032 6.48%
  2. CA SMASCD 0 08/01/2029 5.63%
  3. CA SMFFAC 4 08/01/2044 5.20%
  4. CA MLPSCD 3 08/01/2034 5.07%
  5. CA CASEDU 5 04/01/2051 4.81%
  6. CA FOOHGR 0 08/01/2027 4.81%
  7. CA CASMED 5 11/01/2027 4.77%
  8. CA ORAWTR 08/01/2042 4.40%
  9. CA SJSUTL 5 11/01/2052 4.31%
  10. CA SDOUTL 5 05/15/2052 4.26%

Asset Allocation

Weighting Return Low Return High CFNTX % Rank
Bonds
99.27% 0.00% 150.86% 41.21%
Cash
0.73% -50.86% 44.62% 60.04%
Stocks
0.00% 0.00% 99.78% 66.71%
Preferred Stocks
0.00% 0.00% 0.07% 61.32%
Other
0.00% -3.69% 53.54% 62.39%
Convertible Bonds
0.00% 0.00% 0.93% 61.16%

Bond Sector Breakdown

Weighting Return Low Return High CFNTX % Rank
Municipal
99.14% 44.39% 100.00% 36.88%
Derivative
0.00% -3.69% 53.54% 61.45%
Cash & Equivalents
0.00% 0.00% 44.41% 82.81%
Securitized
0.00% 0.00% 5.93% 61.77%
Corporate
0.00% 0.00% 9.41% 67.90%
Government
0.00% 0.00% 52.02% 64.60%

Bond Geographic Breakdown

Weighting Return Low Return High CFNTX % Rank
US
99.27% 0.00% 142.23% 39.29%
Non US
0.00% 0.00% 23.89% 63.40%

CFNTX - Expenses

Operational Fees

CFNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.01% 8.02% 54.44%
Management Fee 0.50% 0.00% 1.20% 83.42%
12b-1 Fee N/A 0.00% 1.00% 11.11%
Administrative Fee 0.10% 0.01% 0.44% 41.41%

Sales Fees

CFNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

CFNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 37.50%

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.

CFNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 283.00% 10.69%

CFNTX - Distributions

Dividend Yield Analysis

CFNTX Category Low Category High CFNTX % Rank
Dividend Yield 2.05% 0.00% 14.51% 77.11%

Dividend Distribution Analysis

CFNTX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

CFNTX Category Low Category High CFNTX % Rank
Net Income Ratio 1.82% -0.53% 5.33% 57.65%

Capital Gain Distribution Analysis

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

Distributions History

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CFNTX - Fund Manager Analysis

Managers

Stephen Rogers


Start Date

Tenure

Tenure Rank

Dec 31, 2003

18.43

18.4%

Stephen C. Rogers has joined Shelton Capital Management in 1993 and serves as Chief Executive Officer of Shelton Capital Management. Mr. Rogers graduated from the University of Iowa in 1988 and earned his MBA from the University of California at Berkeley in 2000.

William Mock


Start Date

Tenure

Tenure Rank

Feb 22, 2010

12.28

12.3%

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.

David Falk


Start Date

Tenure

Tenure Rank

Feb 04, 2019

3.32

3.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58