<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/npx" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>RMIC</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000836267</cik>
          <ccc>XXXXXXXX</ccc>
          <!--Field: Pseudo-Tag; ID: Name; Data:-->
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
      <periodOfReport>06/30/2026</periodOfReport>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptIncludeAllSeriesFlag>true</rptIncludeAllSeriesFlag>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2026</reportCalendarYear>
      <reportingPerson>
        <name>SCM Trust</name>
        <phoneNumber>212-631-7591</phoneNumber>
        <address>
          <com:street1>1125 17th Street, Ste. 2550</com:street1>
          <com:street2>Ste. 1550</com:street2>
          <com:city>Denver</com:city>
          <com:stateOrCountry>CO</com:stateOrCountry>
          <com:zipCode>80202-1805</com:zipCode>
        </address>
      </reportingPerson>
      <reportInfo>
        <reportType>FUND VOTING REPORT</reportType>
      </reportInfo>
      <fileNumber>811-05617</fileNumber>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
    </summaryPage>
    <seriesPage>
      <seriesCount>11</seriesCount>
      <seriesDetails>
        <seriesReports>
          <idOfSeries>S000005058</idOfSeries>
          <nameOfSeries>ICON Flexible Bond Fund</nameOfSeries>
          <leiOfSeries>254900OVC0U9M07MEL63</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000054271</idOfSeries>
          <nameOfSeries>SHELTON BDC INCOME FUND</nameOfSeries>
          <leiOfSeries>254900XPNLGJ0ZAG9M52</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000054578</idOfSeries>
          <nameOfSeries>SHELTON TACTICAL CREDIT FUND</nameOfSeries>
          <leiOfSeries>254900YOM7QWQMSBIY40</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000055315</idOfSeries>
          <nameOfSeries>Shelton International Select Equity Fund</nameOfSeries>
          <leiOfSeries>254900O22JSJD47Z9J19</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000067899</idOfSeries>
          <nameOfSeries>ICON Consumer Select Fund</nameOfSeries>
          <leiOfSeries>254900KQ9M3SP3ZNTN29</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000067900</idOfSeries>
          <nameOfSeries>ICON Equity Fund</nameOfSeries>
          <leiOfSeries>2549003HA4R16ERI1H91</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000067901</idOfSeries>
          <nameOfSeries>ICON Equity Income Fund</nameOfSeries>
          <leiOfSeries>25490038Q7TA41110930</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000067903</idOfSeries>
          <nameOfSeries>ICON Health and Information Technology Fund</nameOfSeries>
          <leiOfSeries>254900JFSF73OYK9PL11</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000067904</idOfSeries>
          <nameOfSeries>ICON Natural Resources and Infrastructure Fund</nameOfSeries>
          <leiOfSeries>25490028SYI0ZCFMF484</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000067905</idOfSeries>
          <nameOfSeries>ICON Utilities and Income Fund</nameOfSeries>
          <leiOfSeries>254900SF9BSOL4J02P15</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000067906</idOfSeries>
          <nameOfSeries>SHELTON EMERGING MARKETS FUND</nameOfSeries>
          <leiOfSeries>254900SICUA3NRRDD060</leiOfSeries>
        </seriesReports>
      </seriesDetails>
    </seriesPage>
    <signaturePage>
      <reportingPerson>SCM Trust</reportingPerson>
      <txSignature>Gregory T. Pusch</txSignature>
      <txPrintedSignature>Gregory T. Pusch</txPrintedSignature>
      <txTitle>Chief Compliance Officer and General Counsel</txTitle>
      <txAsOfDate>08/28/2026</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
