Shelton Funds
Green California Tax-Free Income Fund
S&P 500 Index Fund
S&P MidCap Index Fund
S&P SmallCap Index Fund
Shelton Equity Income Fund
Nasdaq-100 Index Fund
U.S. Government Securities Fund
The United States Treasury Trust
Shelton Sustainable Equity Fund
Supplement dated May 7, 2024
to the Prospectus and Statement of Additional Information (the “SAI”),
each dated January 1, 2024
Effective immediately, the following changes are made to the Prospectus and SAI:
All references in the Prospectus and SAI to “1875 Lawrence Street, Suite 300, Denver, CO 80202” are hereby deleted and replaced with “1125 17th St., Ste. 2550, Denver, CO 80202.”
Additionally, the information contained in the Notice of Privacy Policy - “REASONS WE CAN SHARE YOUR PERSONAL INFORMATION” section of the Prospectus is hereby deleted and replaced with the following:
| REASONS WE CAN SHARE YOUR PERSONAL INFORMATION | DO WE SHARE: | CAN YOU LIMIT THIS SHARING? |
| For our everyday business purpose – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
| For our marketing purposes – to offer Shelton products and services to you | Yes |
No We share among the Funds and the Funds under SCM Trust. |
| For joint marketing with other financial companies | No | We do not share. |
| For our affiliates’ everyday business purposes – information about your transactions and experiences | Yes | No |
| For our affiliates’ everyday business purposes – information about your creditworthiness | No | We do not share. |
| For non-affiliates to market to you | No | We do not share. |
Please retain this supplement with your Prospectus