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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

S&P MidCap Index Fund

MIDKX | Fund

$25.88

$111 M

0.02%

$0.01

1.08%

Vitals

YTD Return

9.3%

1 yr return

25.4%

3 Yr Avg Return

3.2%

5 Yr Avg Return

8.9%

Net Assets

$111 M

Holdings in Top 10

7.1%

52 WEEK LOW AND HIGH

$25.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

S&P MidCap Index Fund

MIDKX | Fund

$25.88

$111 M

0.02%

$0.01

1.08%

MIDKX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 8.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    S&P MidCap Index Fund
  • Fund Family Name
    SHELTONCAP
  • Inception Date
    Jan 03, 2012
  • Shares Outstanding
    N/A
  • Share Class
    K
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Rogers

Fund Description

The S&P MidCap Index Fund seeks to provide investment results that correspond to the total return of publicly traded common stocks of medium-size domestic companies, as represented by the S&P MidCap 400 Index. The S&P MidCap 400 Index includes the common stocks of 400 medium-sized U.S. companies from a broad range of industries. Standard & Poor’s, which maintains the Index, makes all determinations regarding the inclusion of stocks in the Index. Each stock is weighted in proportion to its total market value. The Fund is passively managed. It invests primarily in the stocks that make up the S&P MidCap 400 Index so that the weighting of each stock in the portfolio approximates the Index. Shelton Capital Management, the investment advisor to the Fund, seeks to maintain a return correlation of at least 0.95 to the S&P MidCap 400 Index (a return correlation of 1.00 is perfect). Under normal market conditions, it is the Fund’s policy to invest at least 80% of its total assets (which includes the amount of any borrowings for investment purposes) in the underlying stocks of the Index. The S&P MidCap 400 Index is a recognized stock market index that includes common stocks of companies, representing approximately 5.6% of the total market index as measured by the S&P Composite 1500. As of November 30, 2023, companies included in the S&P MidCap 400 Index range from $2.2 billion to $33 billion in market capitalization. The median market capitalization of the stocks in the S&P MidCap 400 Index is approximately $5.8 billion. The Fund may invest in futures contracts, which are a type of derivative. The Fund generally maintains some short-term securities and cash equivalents in the portfolio to meet redemptions and needs for liquidity. Shelton will typically buy futures contracts so that the market value of the futures replicates the difference between the net assets of the fund and the equity holdings. This helps minimize the tracking error of the Fund.

The Fund invests in mid-sized companies from many sectors. In doing so, the Fund is not as sensitive to the movements of a single company’s stock or a single economic sector. However, during periods where investment alternatives such as LargeCap stocks, SmallCap stocks, bonds and money market instruments outperform MidCap stocks, we expect the performance of the Fund to underperform other mutual funds that invest in these alternatives. The S&P MidCap 400 Index is a capitalization-weighted index, meaning companies are weighted based on their size. Thus, poor performance of the largest companies could result in negative performance of the Index and the Fund.

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MIDKX - Performance

Return Ranking - Trailing

Period MIDKX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -8.3% 24.0% 46.58%
1 Yr 25.4% -2.6% 55.1% 55.62%
3 Yr 3.2%* -20.2% 17.4% 88.67%
5 Yr 8.9%* -0.1% 21.0% 85.09%
10 Yr 8.3%* 2.2% 13.4% 55.35%

* Annualized

Return Ranking - Calendar

Period MIDKX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -12.9% 28.8% 78.51%
2022 -20.5% -52.6% 20.1% 60.28%
2021 12.0% -43.8% 32.4% 46.18%
2020 1.3% -10.6% 82.1% 88.79%
2019 17.1% -8.5% 37.5% 78.13%

Total Return Ranking - Trailing

Period MIDKX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -8.3% 24.0% 46.58%
1 Yr 25.4% -2.6% 55.1% 55.62%
3 Yr 3.2%* -20.2% 17.4% 88.67%
5 Yr 8.9%* -0.1% 21.0% 85.09%
10 Yr 8.3%* 2.2% 13.4% 55.35%

* Annualized

Total Return Ranking - Calendar

Period MIDKX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% 1.2% 31.3% 56.20%
2022 -13.6% -45.7% 21.1% 38.06%
2021 15.3% -30.2% 52.8% 90.37%
2020 11.4% -8.4% 84.3% 58.11%
2019 25.7% 1.0% 43.4% 70.94%

NAV & Total Return History


MIDKX - Holdings

Concentration Analysis

MIDKX Category Low Category High MIDKX % Rank
Net Assets 111 M 728 K 139 B 78.38%
Number of Holdings 400 1 2609 20.00%
Net Assets in Top 10 6.8 M 155 K 11.7 B 91.62%
Weighting of Top 10 7.05% 0.5% 126.5% 90.79%

Top 10 Holdings

  1. B 0 12/14/23 0.93%
  2. Deckers Outdoor Corporation COM USD0.01 0.79%
  3. Builders Firstsource, Inc. COM USD0.01 0.76%
  4. Reliance Steel Aluminum Co. COM NPV 0.73%
  5. Jabil Inc COM USD0.001 0.69%
  6. Godaddy Inc COM USD0.001 CLASS A 0.67%
  7. Carlisle Companies Incorporated COM USD1 0.64%
  8. Manhattan Associates Inc COM USD0.01 0.63%
  9. Graco Inc COM USD1 0.62%
  10. RPM International Inc. COM USD0.01 0.60%

Asset Allocation

Weighting Return Low Return High MIDKX % Rank
Stocks
104.46% 0.00% 104.46% 0.27%
Bonds
0.93% 0.00% 98.67% 1.89%
Other
0.53% -1.04% 25.16% 15.95%
Preferred Stocks
0.00% 0.00% 14.30% 29.19%
Convertible Bonds
0.00% 0.00% 1.78% 28.38%
Cash
0.00% 0.00% 99.15% 96.22%

Stock Sector Breakdown

Weighting Return Low Return High MIDKX % Rank
Industrials
18.03% 0.00% 45.89% 35.50%
Financial Services
14.78% 0.00% 46.10% 36.31%
Technology
14.43% 0.00% 40.65% 66.12%
Consumer Cyclical
14.31% 2.49% 46.48% 34.42%
Real Estate
10.05% 0.00% 25.82% 17.62%
Healthcare
9.54% 0.00% 24.06% 59.08%
Basic Materials
6.33% 0.00% 16.35% 37.94%
Energy
4.11% 0.00% 58.13% 66.94%
Consumer Defense
3.81% 0.00% 32.18% 58.27%
Utilities
3.06% 0.00% 18.97% 59.62%
Communication Services
1.56% 0.00% 30.98% 64.50%

Stock Geographic Breakdown

Weighting Return Low Return High MIDKX % Rank
US
104.46% 0.00% 104.46% 0.27%
Non US
0.00% 0.00% 19.95% 40.27%

Bond Sector Breakdown

Weighting Return Low Return High MIDKX % Rank
Derivative
0.53% -0.16% 14.92% 2.70%
Cash & Equivalents
0.00% 0.00% 100.00% 86.76%
Securitized
0.00% 0.00% 0.00% 26.45%
Corporate
0.00% 0.00% 97.58% 32.27%
Municipal
0.00% 0.00% 0.00% 26.45%
Government
0.00% 0.00% 42.40% 28.49%

Bond Geographic Breakdown

Weighting Return Low Return High MIDKX % Rank
US
0.93% 0.00% 98.67% 1.89%
Non US
0.00% 0.00% 0.00% 26.49%

MIDKX - Expenses

Operational Fees

MIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.03% 35.91% 43.05%
Management Fee 0.40% 0.00% 1.50% 21.74%
12b-1 Fee 0.25% 0.00% 1.00% 39.55%
Administrative Fee 0.10% 0.01% 0.30% 47.17%

Sales Fees

MIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

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.

MIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 304.00% 18.43%

MIDKX - Distributions

Dividend Yield Analysis

MIDKX Category Low Category High MIDKX % Rank
Dividend Yield 0.02% 0.00% 29.52% 66.49%

Dividend Distribution Analysis

MIDKX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annual Annual

Net Income Ratio Analysis

MIDKX Category Low Category High MIDKX % Rank
Net Income Ratio 0.48% -2.06% 3.38% 40.49%

Capital Gain Distribution Analysis

MIDKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MIDKX - Fund Manager Analysis

Managers

Stephen Rogers


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.

Anthony Jacoby


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Anthony Jacoby, CFA, has been a portfolio manager for the S&P 500 Index Fund, S&P MidCap Index Fund, S&P SmallCap Index Fund and Nasdaq-100 Index Fund since January 1, 2022. Mr. Jacoby joined Shelton in 2017 and previously worked at Brown Brothers Harriman since 2013. Mr. Jacoby graduated from the University of Colorado Boulder in 2008 with a B.A in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.25 5.78