Shelton Sustainable Equity Investor
NEXTX
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- Shelton Sustainable Equity Fund (NEXTX) is a mutual fund managed by Shelton Capital Management that seeks long-term capital appreciation through investments in equities of sustainable economy companies exhibiting above-average growth potential; it primarily allocates at least 80% of its net assets to U.S. common stocks and American Depository Receipts (ADRs) of firms addressing environmental, social, and governance (ESG) factors, including greenhouse gas emissions management, energy efficiency, water and waste reduction, productivity enhancements, employee safety, business ethics, and corporate governance; the fund targets companies across all market capitalizations, diversified by economic sector and geography, with a focus on those improving human well-being, scaling technological innovations for resource efficiency, mitigating climate risks, and enhancing economic resilience via proprietary PRIME criteria (Principles, Research, Impact, Mitigation, Evolution). Investor shares trade under the ticker NEXTX, while institutional shares use NEXIX; as of June 30, 2025, the fund holds net assets of $78.5 million, with top holdings including Centrus Energy Corp (4.01%), CF Industries Holdings Inc (3.91%), Aramark (3.91%), and First Solar Inc (3.56%), and sector allocations led by industrials (40.87%), consumer non-cyclicals (16.97%), and basic materials (10.72%). Launched on March 12, 2013, with inception for NEXIX shares on October 10, 2022, the fund is headquartered at Shelton Capital Management's base in Denver, Colorado, with additional offices in San Francisco, California, and Greenwich, Connecticut; it changed its name from Shelton Green Alpha Fund to Shelton Sustainable Equity Fund effective December 20, 2022, coinciding with the launch of a matching institutional Sustainable Equity Separately Managed Account (SMA) strategy and the transition of lead portfolio management to Bruce Kahn, Ph.D., following the departure of sub-advisor Green Alpha Advisors on October 10, 2022; in January 2025, the fund adopted the S&P MidCap 400 Index as its primary benchmark to better align with its mid-cap-focused strategy. The fund serves individual investors, institutions, and advisors seeking ESG-integrated equity exposure, with recent performance reflecting a 16.35% return in Q2 2025 for NEXTX shares amid sector strength in industrials and ESG momentum; Shelton Capital Management, the adviser and distributor affiliate RFS Partners, oversees the strategy with a team including Chief Investment Officer Derek Izuel, CFA, Portfolio Manager Justin Sheetz, CFA, and Portfolio Analyst Nicolette DiMaggio.