0000778206 2026-11-05 2026-11-05 0000778206 shelton:S000016026Member 2026-11-05 2026-11-05 false 497 N-1A 0000778206 Shelton Funds <p id="xdx_A8E_eoef--SupplementToProspectusTextBlock_zPz7XogVE251" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Supplement dated <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEZvcm0gTi0xQSBDb3ZlcgA_" id="xdx_908_edei--DocumentPeriodEndDate_c20261105__20261105_ztgBgZhCPcDk">November 5, 2026</span> to the</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Prospectus and Statement of Additional Information (“SAI”), each dated </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_90B_eoef--ProspectusDate_c20261105__20261105_z95eRjFxkc23">January 1, 2026</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Important Notice Regarding Change in Investment Policy and Name</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective November 5, 2026:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Fund’s name is changed from “Nasdaq-100 Index Fund” to “Shelton 100-Index Fund.”</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally, the Fund’s policy to invest, under normal market conditions, at least 80% of its total assets (which includes the amount of any borrowings for investment purposes) in the stocks comprising the Nasdaq-100 Index®, is replaced with the following policy:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">“<span id="xdx_901_eoef--StrategyNarrativeTextBlock_c20261105__20261105__dei--LegalEntityAxis__custom--S000016026Member_zPIALkQZmSzi"><span id="xdx_90E_eoef--StrategyPortfolioConcentration_c20261105__20261105__dei--LegalEntityAxis__custom--S000016026Member_zWJoKn3ddQE5">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 stocks comprising the “Solactive United States Technology 100 Capped C1 Index.</span></span>”</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Please retain this supplement with your Prospectus and SAI</b></span></p> 2026-11-05 2026-01-01 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 stocks comprising the “Solactive United States Technology 100 Capped C1 Index. 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 stocks comprising the “Solactive United States Technology 100 Capped C1 Index.