| Investment Objective: |
The Shelton Equity Premium Income ETF (the "Fund") seeks to achieve a high level of income and capital appreciation (when consistent with high income) by investing primarily in income-producing U.S. equity securities. The Fund will also consider the potential for price appreciation when consistent with seeking current income. In order to meet its investment objectives, the Fund invests primarily in U.S. equity securities that generate a relatively high level of dividend income (relative to other equities in the same industry) and have the potential for capital appreciation. These securities will generally be stocks of medium and large U.S. corporations. The Fund currently considers "medium U.S. corporations" to be those included in the S&P Mid-Cap 400 Index at the time of purchase, and "large U.S. corporations" to be those with market capitalizations that are larger than those included in the S&P Mid-Cap 400 Index at the time of purchase. Shelton invests in securities have income producing potential, a potential for capital appreciation or value potential. When the market price of a stock equals or exceeds the strike price of a covered call option written against it, Shelton may allow all or a portion of the stock to be sold or "called away" by the option buyer. |
