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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
Expense Ratio 0.70%
Front Load N/A
Deferred Load N/A
Turnover 7.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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.
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
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% |
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
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% |
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% |
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% |
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% |
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 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% |
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 |
CFNTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 37.50% |
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 | Category Low | Category High | CFNTX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.05% | 0.00% | 14.51% | 77.11% |
CFNTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
CFNTX | Category Low | Category High | CFNTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.82% | -0.53% | 5.33% | 57.65% |
CFNTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 29, 2024 | $0.018 | OrdinaryDividend |
Oct 31, 2024 | $0.022 | OrdinaryDividend |
Sep 30, 2024 | $0.019 | OrdinaryDividend |
Aug 30, 2024 | $0.020 | OrdinaryDividend |
Jul 31, 2024 | $0.022 | OrdinaryDividend |
Apr 30, 2024 | $0.022 | OrdinaryDividend |
Mar 28, 2024 | $0.018 | OrdinaryDividend |
Feb 29, 2024 | $0.018 | OrdinaryDividend |
Jan 31, 2024 | $0.021 | OrdinaryDividend |
Nov 30, 2023 | $0.041 | OrdinaryDividend |
Oct 31, 2023 | $0.020 | OrdinaryDividend |
Sep 29, 2023 | $0.018 | OrdinaryDividend |
Aug 31, 2023 | $0.024 | OrdinaryDividend |
Jul 31, 2023 | $0.020 | OrdinaryDividend |
Jun 30, 2023 | $0.021 | OrdinaryDividend |
May 31, 2023 | $0.022 | OrdinaryDividend |
Apr 28, 2023 | $0.019 | OrdinaryDividend |
Mar 31, 2023 | $0.021 | OrdinaryDividend |
Feb 28, 2023 | $0.018 | OrdinaryDividend |
Jan 31, 2023 | $0.020 | OrdinaryDividend |
Dec 30, 2022 | $0.018 | OrdinaryDividend |
Nov 30, 2022 | $0.018 | OrdinaryDividend |
Oct 31, 2022 | $0.017 | OrdinaryDividend |
Sep 30, 2022 | $0.018 | OrdinaryDividend |
Aug 31, 2022 | $0.022 | OrdinaryDividend |
Jul 29, 2022 | $0.018 | OrdinaryDividend |
Jun 30, 2022 | $0.021 | OrdinaryDividend |
May 31, 2022 | $0.016 | OrdinaryDividend |
Apr 29, 2022 | $0.014 | OrdinaryDividend |
Mar 31, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.017 | OrdinaryDividend |
Jan 31, 2022 | $0.020 | OrdinaryDividend |
Dec 31, 2021 | $0.020 | OrdinaryDividend |
Nov 30, 2021 | $0.019 | OrdinaryDividend |
Oct 29, 2021 | $0.018 | OrdinaryDividend |
Sep 30, 2021 | $0.016 | OrdinaryDividend |
Aug 31, 2021 | $0.021 | OrdinaryDividend |
Jul 30, 2021 | $0.020 | OrdinaryDividend |
Jun 30, 2021 | $0.022 | OrdinaryDividend |
May 28, 2021 | $0.018 | OrdinaryDividend |
Apr 30, 2021 | $0.018 | OrdinaryDividend |
Mar 31, 2021 | $0.020 | OrdinaryDividend |
Feb 26, 2021 | $0.017 | OrdinaryDividend |
Jan 29, 2021 | $0.017 | OrdinaryDividend |
Dec 31, 2020 | $0.017 | OrdinaryDividend |
Nov 30, 2020 | $0.017 | OrdinaryDividend |
Oct 30, 2020 | $0.018 | OrdinaryDividend |
Sep 30, 2020 | $0.017 | OrdinaryDividend |
Aug 31, 2020 | $0.017 | OrdinaryDividend |
May 29, 2020 | $0.016 | OrdinaryDividend |
Apr 30, 2020 | $0.019 | OrdinaryDividend |
Feb 28, 2020 | $0.016 | OrdinaryDividend |
Dec 31, 2019 | $0.017 | OrdinaryDividend |
Nov 29, 2019 | $0.016 | CapitalGainLongTerm |
Nov 29, 2019 | $0.016 | OrdinaryDividend |
Oct 31, 2019 | $0.008 | OrdinaryDividend |
Sep 30, 2019 | $0.029 | OrdinaryDividend |
Aug 30, 2019 | $0.017 | OrdinaryDividend |
Jul 31, 2019 | $0.020 | OrdinaryDividend |
Jun 28, 2019 | $0.018 | OrdinaryDividend |
May 31, 2019 | $0.020 | OrdinaryDividend |
Apr 30, 2019 | $0.021 | OrdinaryDividend |
Mar 29, 2019 | $0.019 | OrdinaryDividend |
Feb 28, 2019 | $0.018 | OrdinaryDividend |
Jan 31, 2019 | $0.015 | OrdinaryDividend |
Dec 31, 2018 | $0.025 | OrdinaryDividend |
Nov 30, 2018 | $0.020 | CapitalGainLongTerm |
Nov 30, 2018 | $0.019 | OrdinaryDividend |
Oct 31, 2018 | $0.015 | OrdinaryDividend |
Sep 28, 2018 | $0.023 | OrdinaryDividend |
Aug 31, 2018 | $0.019 | OrdinaryDividend |
Jul 31, 2018 | $0.019 | OrdinaryDividend |
Jun 29, 2018 | $0.017 | OrdinaryDividend |
May 31, 2018 | $0.020 | OrdinaryDividend |
Apr 30, 2018 | $0.019 | OrdinaryDividend |
Mar 29, 2018 | $0.019 | OrdinaryDividend |
Feb 28, 2018 | $0.019 | OrdinaryDividend |
Jan 31, 2018 | $0.022 | OrdinaryDividend |
Dec 29, 2017 | $0.018 | OrdinaryDividend |
Nov 30, 2017 | $0.037 | CapitalGainLongTerm |
Nov 30, 2017 | $0.020 | OrdinaryDividend |
Oct 31, 2017 | $0.019 | OrdinaryDividend |
Sep 29, 2017 | $0.025 | OrdinaryDividend |
Aug 31, 2017 | $0.020 | OrdinaryDividend |
Jul 31, 2017 | $0.022 | OrdinaryDividend |
Jun 30, 2017 | $0.021 | OrdinaryDividend |
May 31, 2017 | $0.024 | OrdinaryDividend |
Apr 28, 2017 | $0.020 | OrdinaryDividend |
Mar 31, 2017 | $0.021 | OrdinaryDividend |
Feb 28, 2017 | $0.020 | OrdinaryDividend |
Jan 31, 2017 | $0.022 | OrdinaryDividend |
Dec 30, 2016 | $0.021 | OrdinaryDividend |
Nov 30, 2016 | $0.055 | CapitalGainLongTerm |
Nov 30, 2016 | $0.022 | OrdinaryDividend |
Oct 31, 2016 | $0.020 | OrdinaryDividend |
Sep 30, 2016 | $0.035 | OrdinaryDividend |
Aug 31, 2016 | $0.025 | OrdinaryDividend |
Jul 29, 2016 | $0.023 | OrdinaryDividend |
Jun 30, 2016 | $0.024 | OrdinaryDividend |
May 31, 2016 | $0.022 | OrdinaryDividend |
Apr 29, 2016 | $0.021 | OrdinaryDividend |
Mar 31, 2016 | $0.024 | OrdinaryDividend |
Feb 29, 2016 | $0.025 | OrdinaryDividend |
Jan 29, 2016 | $0.025 | OrdinaryDividend |
Dec 31, 2015 | $0.029 | OrdinaryDividend |
Nov 30, 2015 | $0.026 | OrdinaryDividend |
Oct 30, 2015 | $0.025 | OrdinaryDividend |
Sep 30, 2015 | $0.021 | OrdinaryDividend |
Aug 31, 2015 | $0.024 | OrdinaryDividend |
Jul 31, 2015 | $0.011 | OrdinaryDividend |
Jun 30, 2015 | $0.020 | OrdinaryDividend |
May 29, 2015 | $0.022 | OrdinaryDividend |
Apr 30, 2015 | $0.027 | OrdinaryDividend |
Mar 31, 2015 | $0.026 | OrdinaryDividend |
Feb 27, 2015 | $0.028 | OrdinaryDividend |
Jan 30, 2015 | $0.024 | OrdinaryDividend |
Dec 31, 2014 | $0.019 | OrdinaryDividend |
Nov 28, 2014 | $0.049 | CapitalGainLongTerm |
Nov 28, 2014 | $0.026 | OrdinaryDividend |
Oct 31, 2014 | $0.027 | OrdinaryDividend |
Sep 30, 2014 | $0.026 | OrdinaryDividend |
Aug 29, 2014 | $0.026 | OrdinaryDividend |
Jul 31, 2014 | $0.030 | OrdinaryDividend |
Jun 30, 2014 | $0.028 | OrdinaryDividend |
May 30, 2014 | $0.027 | OrdinaryDividend |
Apr 30, 2014 | $0.029 | OrdinaryDividend |
Mar 31, 2014 | $0.028 | OrdinaryDividend |
Feb 28, 2014 | $0.028 | OrdinaryDividend |
Jan 31, 2014 | $0.025 | OrdinaryDividend |
Dec 31, 2013 | $0.031 | OrdinaryDividend |
Nov 29, 2013 | $0.022 | OrdinaryDividend |
Oct 31, 2013 | $0.031 | OrdinaryDividend |
Sep 30, 2013 | $0.024 | OrdinaryDividend |
Aug 30, 2013 | $0.027 | OrdinaryDividend |
Jul 31, 2013 | $0.031 | OrdinaryDividend |
Jun 28, 2013 | $0.030 | OrdinaryDividend |
May 31, 2013 | $0.031 | OrdinaryDividend |
Apr 30, 2013 | $0.034 | OrdinaryDividend |
Mar 28, 2013 | $0.029 | OrdinaryDividend |
Feb 28, 2013 | $0.032 | OrdinaryDividend |
Jan 31, 2013 | $0.057 | OrdinaryDividend |
Dec 31, 2012 | $0.010 | OrdinaryDividend |
Nov 30, 2012 | $0.038 | OrdinaryDividend |
Oct 31, 2012 | $0.031 | OrdinaryDividend |
Sep 28, 2012 | $0.031 | OrdinaryDividend |
Aug 31, 2012 | $0.034 | OrdinaryDividend |
Jul 31, 2012 | $0.035 | OrdinaryDividend |
Jun 29, 2012 | $0.032 | OrdinaryDividend |
May 31, 2012 | $0.036 | OrdinaryDividend |
Apr 30, 2012 | $0.033 | OrdinaryDividend |
Mar 30, 2012 | $0.032 | OrdinaryDividend |
Feb 29, 2012 | $0.033 | OrdinaryDividend |
Jan 31, 2012 | $0.033 | OrdinaryDividend |
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.
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |
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