NEXTX Fees and Costs — Shelton Sustainable Equity Fund, Investor Shares
Data updated: 2026-07-30
The net expense ratio is 1.26%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $44K in broker commissions, 0.0571% of average net assets, and portfolio turnover was 21%.
NEXTX Fees and Expenses
Annual operating expenses and sales charges of NEXTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.26% |
| Fee waiver | — |
| Net expense ratio | 1.26% |
| 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 |
NEXTX Costs Over Time
On $10,000 invested in NEXTX, assuming 5% a year before costs, total costs come to $819 over 5 years, cutting the return by 1.38% 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 1.26%) | $132 | $411 | $711 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $451 | $819 |
| Value after costs | $10,362 | $11,125 | $11,944 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
NEXTX 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): 0.0571%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $150.5M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
NEXTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES GROUP | $27K | 61.80% |
| WELLS FARGO SECURITIES, LLC | $16K | 35.46% |
| GOLDMAN SACHS | $1K | 2.74% |
NEXTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO BANK | $56.5M | 37.52% |
| JEFFERIES GROUP | $45.9M | 30.49% |
| GOLDMAN SACHS | $30.7M | 20.40% |
| MORGAN STANLEY SMITH BARNEY | $17.4M | 11.59% |
Shelton Sustainable Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NEXIX | Institutional Shares | 1.01% | — |
| NEXTX | Investor Shares | 1.26% | — |
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.