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SCM Trust

ICON Natural Resources and Infrastructure Fund

 

Supplement dated October 12, 2022 to the

Prospectus dated May 1, 2022

 

Effective October 10, 2022:

 

The Average Annual Return Table for the ICON Natural Resources and Infrastructure Fund on page 16 of the prospectus is replaced in its entirety with:

 

 

Average Annual Return (for the period ended 12/31/21)
ICON Natural Resources and Infrastructure Fund (Institutional – ICBMX)

1 year

5 year

10 year*

Return Before Taxes 30.62% 10.24% 9.25%
Return After Taxes on Distributions 6.12% 13.07% 6.94%
Return After Taxes on Distributions and Sale of Fund Shares 4.07% 11.21% 5.99%
S&P 1500 Index 28.45% 17.94% 16.34%

 

*Inception date: 05/05/1997

 

Please retain this supplement with your Prospectus