S&P MidCap Index Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameS&P MidCap Index Fund
-
Fund Family NameSHELTONCAP
-
Inception DateJan 03, 2012
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen 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.
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
- B 0 12/14/23 0.93%
- Deckers Outdoor Corporation COM USD0.01 0.79%
- Builders Firstsource, Inc. COM USD0.01 0.76%
- Reliance Steel Aluminum Co. COM NPV 0.73%
- Jabil Inc COM USD0.001 0.69%
- Godaddy Inc COM USD0.001 CLASS A 0.67%
- Carlisle Companies Incorporated COM USD1 0.64%
- Manhattan Associates Inc COM USD0.01 0.63%
- Graco Inc COM USD1 0.62%
- 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
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.001 | OrdinaryDividend |
Sep 29, 2023 | $0.034 | OrdinaryDividend |
Jun 30, 2023 | $0.061 | OrdinaryDividend |
Mar 31, 2023 | $0.041 | OrdinaryDividend |
Dec 30, 2022 | $0.040 | OrdinaryDividend |
Sep 30, 2022 | $0.041 | OrdinaryDividend |
Jun 30, 2022 | $0.047 | OrdinaryDividend |
Mar 31, 2022 | $0.038 | OrdinaryDividend |
Dec 31, 2021 | $0.048 | OrdinaryDividend |
Sep 30, 2021 | $0.089 | OrdinaryDividend |
Jun 30, 2021 | $0.024 | OrdinaryDividend |
Mar 31, 2021 | $0.008 | OrdinaryDividend |
Dec 31, 2020 | $0.032 | OrdinaryDividend |
Sep 30, 2020 | $0.023 | OrdinaryDividend |
Jun 30, 2020 | $0.172 | OrdinaryDividend |
Mar 31, 2020 | $0.025 | OrdinaryDividend |
Dec 31, 2019 | $0.016 | OrdinaryDividend |
Nov 29, 2019 | $1.560 | OrdinaryDividend |
Sep 30, 2019 | $0.016 | OrdinaryDividend |
Jun 28, 2019 | $0.031 | OrdinaryDividend |
Mar 29, 2019 | $0.062 | OrdinaryDividend |
Dec 31, 2018 | $0.047 | OrdinaryDividend |
Jun 29, 2018 | $0.033 | OrdinaryDividend |
Mar 29, 2018 | $0.024 | OrdinaryDividend |
Dec 29, 2017 | $0.025 | OrdinaryDividend |
Sep 29, 2017 | $0.025 | OrdinaryDividend |
Jun 30, 2017 | $0.031 | OrdinaryDividend |
Mar 31, 2017 | $0.011 | OrdinaryDividend |
Dec 30, 2016 | $0.031 | OrdinaryDividend |
Sep 30, 2016 | $0.027 | OrdinaryDividend |
Jun 30, 2016 | $0.028 | OrdinaryDividend |
Mar 31, 2016 | $0.038 | OrdinaryDividend |
Dec 31, 2015 | $0.054 | OrdinaryDividend |
Jun 30, 2015 | $0.006 | OrdinaryDividend |
Mar 31, 2015 | $0.050 | OrdinaryDividend |
Dec 31, 2014 | $0.053 | OrdinaryDividend |
Jun 30, 2014 | $0.050 | OrdinaryDividend |
Mar 31, 2014 | $0.059 | OrdinaryDividend |
Dec 31, 2013 | $0.043 | OrdinaryDividend |
Sep 30, 2013 | $0.009 | OrdinaryDividend |
Jun 28, 2013 | $0.042 | OrdinaryDividend |
Mar 28, 2013 | $0.058 | OrdinaryDividend |
Dec 31, 2012 | $0.052 | OrdinaryDividend |
Sep 28, 2012 | $0.009 | OrdinaryDividend |
Jun 29, 2012 | $0.007 | OrdinaryDividend |
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 |