EQTIX Fees and Costs — Shelton Equity Income Fund, Investor Shares
Data updated: 2026-07-30
The net expense ratio is 0.64%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $568K in broker commissions, 0.0654% of average net assets, and portfolio turnover was 48%.
EQTIX Fees and Expenses
Annual operating expenses and sales charges of EQTIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EQTIX Costs Over Time
On $10,000 invested in EQTIX, assuming 5% a year before costs, total costs come to $444 over 5 years, cutting the return by 0.74% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $243 | $444 |
| Value after costs | $10,426 | $11,333 | $12,319 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
EQTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0654%
- Total broker commissions: $568K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: —
- Net income from securities lending: —
EQTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES | $538K | 94.78% |
| WELLS FARGO SECURITIES, LLC | $30K | 5.22% |
EQTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.1B | 44.47% |
| WOLVERINE EXECUTION SERVICES | $521.3M | 21.52% |
| WELLS FARGO SECURITIES, LLC | $502.6M | 20.75% |
| MORGAN STANLEY SMITH BARNEY | $321.3M | 13.26% |
Shelton Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EQTIX | Investor Shares | 0.64% | — |
| EQTKX | K Shares | 1.14% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.