Fund Evaluator:
Shelton Sustainable Equity Institutional (NEXIX)
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Best Performing in Mid-Cap Growth Over the Last Year
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Fund Details
Shelton Sustainable Equity Institutional Overview
Shelton Sustainable Equity Institutional (NEXIX) is an actively managed U.S. Equity Mid-Cap Growth fund. Shelton Capital Management launched the fund in 2022.
The investment seeks to achieve long-term capital appreciation by investing in stocks in the sustainable economy. Under normal market conditions, the fund invests 80 percent of the net assets of the fund (which includes the amount of any borrowings for investment purposes) in equities of “Sustainable” companies. It will invest in U.S. common and foreign stocks and American Depository Receipts (“ADRs”). The fund may invest in companies of all sizes and seeks diversification by economic sector and geography.
About Shelton Sustainable Equity Institutional (NEXIX)
There are 2 members of the management team with an average tenure of 3.81 years: Bruce Kahn (2022), Derek Izuel (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P Composite 1500 (TR) USD index with a weighting of 100% and S&P MidCap 400 TR index with a weighting of 100%. Shelton Sustainable Equity Institutional has 46 securities in its portfolio. The top 10 holdings constitute 45.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Shelton Sustainable Equity Institutional is part of the Equity global asset class and is within the U.S. Equity fund group. Shelton Sustainable Equity Institutional has 16.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.9%. There is 16.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Shelton Sustainable Equity Institutional has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $8 million in total assets, which is below the $658 million average for the Mid-Cap Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NEXIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Shelton Sustainable Equity Institutional expense ratio is high compared to funds in the Mid-Cap Growth category. Shelton Sustainable Equity Institutional has an expense ratio of 1.01%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Shelton Sustainable Equity Institutional has a portfolio turnover rate of 21%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Mid-Cap Growth category.
Recently, in the month of July 2026, Shelton Sustainable Equity Institutional returned -3.0%, which earned it a grade of A, as the Mid-Cap Growth category had an average return of -5.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Shelton Sustainable Equity Institutional has a trailing yield of 0.41%, which is above the 0.03% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Shelton Sustainable Equity Institutional Grades
Year to date, the fund has returned 8.7%, 3.0 percentage points better than the category, which translates into a grade of B. The fund has returned 9.3% over the past year (grade of B), 3.1% over the past three years (grade of F) and -4.2% per year over the past five years (grade of F) and 10.4% per year over the past 10 years (grade of C).
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NEXIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NEXIX Return (NAV) | -3.0% | -2.3% | 9.3% | 3.1% | -4.2% | 10.4% |
| NEXIX Grade | A | F | B | F | F | C |
| +/- Category | 2.6% | -4.5% | 3.9% | -7.4% | -6.7% | -0.5% |
| Mid-Cap Growth Avg | -5.5% | 2.1% | 5.5% | 10.5% | 2.5% | 10.9% |
| NEXIX Tax Cost Ratio | na | na | 0.2% | 0.2% | 0.2% | 0.2% |
NEXIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NEXIX Return (NAV) | 8.7% | 11.6% | -2.3% | 2.3% | -26.8% | -0.5% | 113.9% | 43.7% | -20.0% | 29.5% | -4.3% |
| NEXIX Grade | B | B | F | F | B | F | A | A | F | A | F |
| +/- Category | 3.0% | 5.6% | -19.6% | -18.4% | 1.3% | -12.8% | 73.4% | 9.8% | -15.3% | 4.2% | -9.6% |
| Mid-Cap Growth Avg | 5.7% | 6.1% | 17.3% | 20.8% | -28.1% | 12.3% | 40.4% | 33.9% | -4.6% | 25.3% | 5.3% |
| Risk Measures | |
| Standard Deviation: | 20.1% |
| Total Risk Index: | 1.64 - High |
| Category Risk Index: | 1.06 - Above Average |
| Category Risk Grade: | D (71% Rank) |
| Beta: | 1.25 |
| R-Squared: | 66% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $67 Mil |
| Fund Total Assets: | $ 9 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 21% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Kahn Bruce (2022), Izuel Derek (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 45.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 16.4% |
Portfolio Allocation |
|
| Domestic Stock: | 82.9% |
| Foreign Stock: | 16.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Shelton Capital Management |
| Phone Number: | 800-955-9988 |
| Website: | www.sheltoncap.com |
| Status: | Open |
| Inception Date: | October 10, 2022 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.01% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.09% |
| Share Class: | Shelton Sustainable Equity Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
