SCM TRUST
(the “Trust”)
ICON Equity Income Fund
ICON Flexible Bond Fund
ICON Equity Fund
ICON Consumer Select Fund
ICON Natural Resources and Infrastructure Fund
ICON Health and Information Technology Fund
ICON Utilities and Income Fund
Supplement dated August 20, 2025 to the
Statement of Additional Information (“SAI”), dated
May 1, 2025
Effective August 14, 2025, William Mock no longer serves as Treasurer of the Trust. Accordingly, all references to Mr. Mock in the SAI are hereby deleted in their entirety.
The Board of Trustees of the Trust appointed Trevor Shippee to serve as Treasurer of the Trust effective August 14, 2025. Accordingly, following information is added to the “Officers” table in the SAI:
OFFICERS
| |||
Name, Address* and Year of Birth | Position(s) Held with Trust | Term of Office** and Length of Time Served | Principal Occupation During Past 5 Years |
Trevor Shippee* 1991 |
Treasurer | Since 2025 | Director, Investment Operations, Shelton Capital Management 2021 to present; Associate of Business Development, Pacific Current Group, 2018-2021 |
Please retain this supplement with your Prospectus and SAI