Shelton Equity Premium Income ETF · AMEX:SEPI
Shelton Equity Premium Income ETF — Shelton Capital Management — Q2 2026 Earnings Presentation
26 slides from Shelton Equity Premium Income ETF's earnings presentation, September 2026
Slide 1: Conservative Growth Portfolio Presentation
SECOND QUARTER 2026 | Shelton Active Allocation Solutions Conservative Growth Portfolio Presentation sheltoncap.com/active-allocation-solutions | (800) 955-9988 | info@sheltoncap.com For Use in One-on-One Presentations For Use in One-on-One Presentations 1
Slide 2: Contents
Contents » Firm Overview » Our Approach » Conservative Growth Portfolio » Our Team » Disclosures For Use in One-on-One Presentations 2
Slide 3: Your success is how we measure our success
Your success is how we measure our success For Use in One-on-One Presentations 3
Slide 4: Returns: Average Investor Performance vs. Market Benchmarks
Shelton Capital Management YOUR SUCCESS IS HOW WE MEASURE OURS Average Investor Performance vs. Market Benchmarks | January 2021 – December 2025 16.0% Sources: Shelton Capital Management and DALBAR, QAIB 12/31/25. The graph shown is for illustrative purposes only. 14.42% Performance data quoted repr
Slide 5: Our Approach
Our Approach 4.60% 2.10% 1.80% Asset allocation Market timing Security selection 91.50% Undetermined 1Source: Brinson, Gary, and Brian Singer, and Gilbert Beebower. “Determinants of Portfolio Performance II: An Update.” Financial Analysts Journal 47.3 (1991): 40-48. Print. Asset allocation is the mo
Slide 6: Three Levels of Risk Management
Our Approach GOING BEYOND THE STANDARD WITH THREE LEVELS OF RISK MANAGEMENT Our Cash Indicator methodology acts as a plan in case of an emergency. This is analogous to the multiple safety systems in a modern automobile, which includes an airbag. We manage risk tactically over the short-term by inves
Slide 7: Managing Risk in Real Time: Strategic and Tactical
Our Approach GOING BEYOND THE STANDARD BY MANAGING RISK IN REAL TIME We blend Strategic and Tactical Management. While our philosophy is centered on Modern Portfolio Theory and asset allocation, we realize that has limits. To further refine our allocations, we focus on a combination of a 3- to 5-yea
Slide 8: Strategic and Tactical Allocation
Our Approach GOING BEYOND THE STANDARD BY MANAGING RISK IN REAL TIME Strategic Allocation: Tactical Allocation: • Value | Growth | Momentum • Equity Sectors • Capitalization Weightings • Global Regions • Domestic | International | ≈75% ≈ 25% • Emerging Markets Emerging Markets • High Yield Credit •
Slide 9: Going Beyond the Standard with Our Cash Indicator
Our Approach GOING BEYOND THE STANDARD WITH OUR CASH INDICATOR The Cash Indicator | January 1986 – June 2026 25% Cash 200 Raise: Long-Term 54 Median: 150 25 50% cash raise 6/30/26 13.95 100 Current: 25% cash raise 13.95 50% Cash Raise: 50 100 0 Cash Indicator '86 '90 '94 '98 '02 '06 '10 '14 '18 '22
Slide 10: Cash Indicator Benefits
Our Approach GOING BEYOND THE STANDARD WITH OUR CASH INDICATOR • The Cash Indicator (CI) helps investors stay the course during difficult times by being a defined process to raise cash. • When volatility spikes and the Cash Indicator is activated, it acts as a relief valve for investors by satisfyin
Slide 11: The Investment Journey
Our Approach THE INVESTMENT JOURNEY An example of how Growth Moderate Conservative Income with Income you could invest over Portfolio Growth Growth Growth Portfolio your investor Portfolio Portfolio Portfolio lifecycle Our solutions are designed to meet your objectives and risk tolerances at each st
Slide 12: Hypothetical Plot
Our Approach HYPOTHETICAL PLOT 8% Return Growth Portfolio Moderate Growth Portfolio 6% Conservative Growth Portfolio Income with Growth 4% Portfolio Income Equity Portfolio Fixed Income 2% Cash Alternatives 0% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Standard Deviation For Use in One-on-One Presentati
Slide 13: Asset Allocation Details
The Conservative Growth Portfolio ASSET ALLOCATION DETAILS Long-Term Risk Profile Broad Asset Allocation Allocation Details ALTERNATIVES ALTERNATIVE 10.0% U.S. LARGE 10.0% CASH CASH CAP 2.0% 2.0% SECURITIZED 18.0% 5.5% EQUITY EQUITY 47.0% CORPORATES NON-U.S. FIXED INCOME 1 50% 2 6.0% GOV'T 3 DEVELOP
Slide 14: Portfolio Holdings
The Conservative Growth Portfolio PORTFOLIO HOLDINGS Broad Ticker Name Allocation Details Sleeve Weight Allocation VTV VANGUARD VALUE EQUITY U.S. LARGE CAP STRATEGIC 7.00% MTUM ISHARES MSCI USA MOMENTUM FACTOR EQUITY U.S. LARGE CAP STRATEGIC 3.00% VONG VANGUARD RUSSELL 1000 GROWTH EQUITY U.S. LARGE
Slide 15: Composite Risk and Return Characteristics
The Conservative Growth Portfolio Composite (Gross) Composite (Net) 50% MSCI ACWI - 50% Bloomberg U.S. Aggregate Index 8% Annualized Return 6% 4% 2% Standard Deviation 0% 0% 4% 8% 12% CHARACTERISTICS SINCE STANDARD APPROXIMATE RETURN ALPHA BETA INCEPTION1 DEVIATION YIELD^ COMPOSITE (GROSS) 6.00% 8.0
Slide 16: Annualized Returns
The Conservative Growth Portfolio Composite (Gross) Composite (Net) 50% MSCI ACWI - 50% Bloomberg U.S. Aggregate Index 15% 13.74% 13.61% Annualized Returns 12.12% 11.86% 12% 10.00% 9% 8.30% 7.48% 7.36% 6.10% 6.09% 6.38% 6.00% 6% 5.59% 4.86% 4.51% 4.45% 4.51% 2.87% 3% 0% 1-Year 3-Years 5-Years 7-Year
Slide 17: Calendar Year Returns
The Conservative Growth Portfolio Composite (Gross) Composite (Net) 50% MSCI ACWI - 50% Bloomberg U.S. Aggregate Index 24% Calendar Year Returns 16% 8% 0% -8% -16% -24% 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 11.08% 8.12% 8.45% -13.95% 9.99% 9.05% 16.48%
Slide 18: Our Team: Gary Stringer, CFA
Our Team Gary Stringer, CFA Gary Stringer, CFA is a Senior Portfolio Manager at Shelton Capital Management. Prior to this role, he served as the President and Chief Investment Officer for Stringer Asset Management, LLC (SAM) and led the portfolio management efforts for the Firm’s separately managed
Slide 19: Our Team: Jonathan Bernstein, CIMA
Our Team Jonathan Bernstein, CIMA® Jonathan Bernstein, CIMA® is responsible for business development, marketing and communication. Prior to co-founding and serving as Vice President and Sales & Marketing Director for Stringer Asset Management, LLC (SAM), Mr. Bernstein was a Senior Vice President and
Slide 20: Disclosures
Disclosures Shelton Capital Management is an investment adviser in Denver, CO. Shelton Capital Management is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorseme
Slide 21: Disclosures: Performance
Disclosures Performance: The Conservative Growth Composite includes all portfolios that invest their assets in equity, fixed income and alternative exchange-traded funds selected from the global investment opportunity set. The Conservative Growth Composite has risk characteristics lower than that of
Slide 22: Disclosures: Statistical Definitions
Disclosures Statistical Definitions: Standard Deviation – A statistical measure of volatility, standard deviation is often used as an indicator of the ‘risk’ associated with a return series. Standard deviation of return measures the average deviations of a return series from its mean. A large standa
Slide 23: Disclosures: Principal Risks
Disclosures Principal Risks (continued): Risks Related to Mutual Funds and ETPs: An investment in a mutual fund or an ETP, which includes ETFs and ETNs, involves risk, including the loss of principal. Mutual fund and ETP shareholders are subject to the risks stemming from the individual issuers of t
Slide 24: Disclosures: Principal Risks, International Equities
Disclosures Principal Risks (continued): Risks Related to International Equities: Shelton Capital Management’s strategies that invest in foreign companies pose additional risks since political and economic events unique to a country or region may affect those markets and their issuers. In addition t
Slide 25: Disclosures: Principal Risks, Commodities and Fixed Income
Disclosures Principal Risks (continued): Risks Related to Commodities: Shelton Capital Management’s strategies may invest in commodities, which allows for a source of diversification for those sophisticated persons who wish to add this asset class to their portfolios and who are prepared to assume t
Slide 26: sheltoncap.com/active-allocation-solutions
sheltoncap.com/active-allocation-solutions | (800) 955-9988 | info@sheltoncap.com For Use in One-on-One Presentations 26
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