T 4.5 11/15/54

NPORT-P false 0000778206 XXXXXXXX S000016028 C000044041 C000044042 SHELTON FUNDS 811-04417 0000778206 254900S73SCF59AAL583 1125 17th Street, Ste. 2550 Denver 80202-1805 800-955-9888 U.S. Government Securities Fund S000016028 254900CM11M6XXS66Y88 2026-08-31 2026-02-28 N 11193711.01 22840.8 11170870.209999999 0 0 0 0 0 0 0 0 0 0 0 0 0 8933.51 USD N United States Treasury Bonds 254900HROIFWPRGM1V77 T 4.5 11/15/54 912810UE6 1250000 PA USD 1221191.4 10.9319272093 Long DBT UST US N 2 2054-11-15 Fixed 4.5 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 3.875 08/15/34 91282CLF6 800000 PA USD 801187.5 7.1721135859 Long DBT UST US N 2 2034-08-15 Fixed 3.875 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 G2 MA2371 36179QT43 75191.62999999999 PA USD 72541.32 0.649379311 Long ABS-MBS USGA US N 2 2044-11-20 Fixed 3.5 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 617057 36290TQJ1 35255.53999999999 PA USD 36204.38 0.3240963266 Long ABS-MBS USGA US N 2 2036-04-15 Fixed 5.5 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 666087 36295B6Y4 64991.509999999995 PA USD 66845.87 0.5983944737 Long ABS-MBS USGA US N 2 2038-03-15 Fixed 5 N N N N N N Government National Mortgage Association 549300M8ZYFG0OCMTT87 GN 677052 36295QEZ9 8291.349999999999 PA USD 8636.93 0.077316537 Long ABS-MBS USGA US N 2 2038-06-15 Fixed 6 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 3.5 11/30/30 91282CPN5 300000 PA USD 299835.94 2.684087581 Long DBT UST US N 2 2030-11-30 Fixed 3.5 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 4.875 10/31/30 91282CJG7 800000 PA USD 846625 7.5788634554 Long DBT UST US N 2 2030-10-31 Fixed 4.875 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 3.5 09/30/29 91282CLN9 1450000 PA USD 1453115.24 13.0080755812 Long DBT UST US N 2 2029-09-30 Fixed 3.5 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 3.875 03/15/28 91282CMS7 200000 PA USD 201906.25 1.8074352866 Long DBT UST US N 2 2028-03-15 Fixed 3.875 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 4 04/30/32 91282CNA5 1200000 PA USD 1223015.63 10.94825745 Long DBT UST US N 2 2032-04-30 Fixed 4 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 2.875 08/15/45 912810RN0 800000 PA USD 621906.25 5.5672139977 Long DBT UST US N 2 2045-08-15 Fixed 2.875 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 2.25 05/15/41 912810SY5 700000 PA USD 531781.25 4.7604281493 Long DBT UST US N 2 2041-05-15 Fixed 2.25 N N N N N N United States Treasury Bonds 254900HROIFWPRGM1V77 T 2 11/15/41 912810TC2 2000000 PA USD 1443125 12.9186444106 Long DBT UST US N 2 2041-11-15 Fixed 2 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.75 02/15/28 9128283W8 150000 PA USD 148207.03 1.3267277053 Long DBT UST US N 2 2028-02-15 Fixed 2.75 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 2.375 04/30/26 9128286S4 225000 PA USD 224508.16 2.0097642868 Long DBT UST US N 2 2026-04-30 Fixed 2.375 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 0.625 03/31/27 912828ZE3 950000 PA USD 921351.56 8.247804716 Long DBT UST US N 2 2027-03-31 Fixed 0.625 N N N N N N United States Treasury Notes 254900HROIFWPRGM1V77 T 3.875 08/15/33 91282CHT1 850000 PA USD 856175.78 7.6643606443 Long DBT UST US N 2 2033-08-15 Fixed 3.875 N N N N N N United States Treasury Bills 254900HROIFWPRGM1V77 B 0 06/11/26 912797QX8 100000 PA USD 99000.1 0.8862344485 Long DBT UST US N 2 2026-06-11 None 0 N N N N N N 2026-04-29 SHELTON FUNDS /s/ Gregory Pusch Gregory Pusch General Counsel and CCO