Shelton Equity Premium Income ETF · AMEX:SEPI
Shelton Equity Premium Income ETF — Shelton Capital Management — Earnings Presentation (September 2026)
26 slides from Shelton Equity Premium Income ETF's earnings presentation, September 2026
Slide 1: “STEP” – Shelton Tax Efficient Portfolios
Shelton Capital Management “STEP” – Shelton Tax Efficient Portfolios For Use In One-on-One Presentations Only. Not For Use With The Public.
Slide 2: About Us
Shelton Capital Management About Us Shelton Capital Management is a multi-strategy boutique investment $7.8 billion Founded AUM 1985 manager that strives to meet the unique needs of wealth managers, retirement plan sponsors, and individual investors with tailored investments and human-centric servic
Slide 3: The Team
Shelton Capital Management The Team Derek Izuel, CFA Barry Martin, CFA Nick Griebenow, CFA CIO, Portfolio Manager Portfolio Manager Portfolio Manager Derek Izuel joined Shelton Capital Barry Martin, CFA, joined the firm in 2008 Nick Griebenow, CFA, joined the firm in 2018 Management in January 2022
Slide 4: Tax Loss Harvesting
Shelton Capital Management Tax Loss Harvesting Long Extension: The manager uses leverage to add long positions expected to outperform Long Long extension extension Existing No correlation More dollars Long assets to market at work Short Short extension extension Short Initial Long Allocation: Starts
Slide 5: Tax Loss Harvesting
Shelton Capital Management Tax Loss Harvesting •Any losses in the portfolio are Identify Replace with sold and replaced with positions with Sell Buy stocks with losses similar risk positions with similar characteristics performance characteristics. Once the 30-day wash period Exxon Chevron has expir
Slide 6: Use Case 1: Tax Loss Accumulation
Shelton Capital Management Use Case 1: Tax Loss Accumulation Notes: • These returns represent simulated results of the Shelton Capital Extension strategy. • The results represent 3 5-year simulations beginning in 2010, 2015 and 2020, rebalanced quarterly. • Direct Indexing in this simulation represe
Slide 7: Concentrated Portfolio with 145/45 Extension
Shelton Capital Management Concentrated Portfolio with 145/45 Extension • Hypothetical illustration of the change in portfolio over three years. • Client begins with $1 million in NVDA stocks with 98% capital gain. Portfolio is rebalanced quarterly. Long Extension • Assumed 10% net* annual rate of r
Slide 8: Concentrated Portfolio with 200/100 Extension
Shelton Capital Management Concentrated Portfolio with 200/100 Extension • Hypothetical illustration of the change in portfolio over three years. Long Extension • Client begins with $1 million in NVDA stocks with 98% capital gain. Portfolio is rebalanced quarterly. Position Size Stocks • Assumed 10%
Slide 9: Tax Extension Portfolios
Shelton Capital Management Tax Extension Portfolios Long/Only 145/45 (Reg T) 200/100 250/150 Expected Annual Excess Net 0% 1.5% 3% 4.5% Return* Expected Annual Tracking Error <1% 3.5% 6% 7% Expected Tax Losses Harvested 8% 15% 30% 50% (per year) Typical Range of Losses 3-13% 8-20% 20-40% 30-60% Harv
Slide 10: Sample Portfolio – AUM: $1 million Tax Extension Portfolios
Sample Portfolio – AUM: $1 million Tax Extension Portfolios Direct Indexing 145/45 (Reg T) 200/100 250/150 Expected Annual Excess Net Return* 0% 1.5% 3% 4.5% Expected Annual Tracking Error <1% 3.5% 6% 7% Expected Tax Losses Harvested (per year) $80,000 $150,000 $300,000 $500,000 Typical Range of Los
Slide 11: Active Extension – Investment Horizon
Shelton Capital Management Active Extension – Investment Horizon Quarters Until Concentrated Portfolio is Diversified Active Extension Ratio • Data reflects the anticipated number of quarters until the concentrated portfolio is Market Return 145/45 200/100 250/150 diversified using different levels
Slide 12: STEP Objectives
Shelton Capital Management STEP Objectives Primary: Seeks to generate favorable after-tax returns. Secondary: Customized approach to assist the client in achieving their financial goals by minimizing tax impact. For Use in One-On-One Presentations Only. Not For Use with the Public. SHELTONCAP.COM |
Slide 13: Tax Efficient Appreciation
Shelton Capital Management Tax Efficient Appreciation For Use in One-On-One Presentations Only. Not For Use with the Public. SHELTONCAP.COM | 13
Slide 14: Use Case 1: Appreciation
Use Case 1: Appreciation Ideal for a client who: 1. Has a large tax event upcoming (company sale, etc.) and needs to build up losses to offset gains. 2. Has a portfolio of assets with large gains and would like to reallocate them at a minimum tax cost. For Use in One-On-One Presentations Only. Not F
Slide 15: Tax Efficient Diversification
Shelton Capital Management Tax Efficient Diversification For Use in One-On-One Presentations Only. Not For Use with the Public. SHELTONCAP.COM | 15
Slide 16: Use Case 2: Diversification
Use Case 2: Diversification Ideal for a client who: Has positions in one, a few, or even a portfolio of stocks with large capital gains and would like to diversify into a broader or different portfolio without incurring taxes. For Use in One-On-One Presentations Only. Not For Use with the Public. SH
Slide 17: Tax Efficient Income
Shelton Capital Management Tax Efficient Income For Use in One-On-One Presentations Only. Not For Use with the Public. SHELTONCAP.COM | 17
Slide 18: Use Case 3: Income
Use Case 3: Income Ideal for a client who: In either use case who would like to generate income via covered calls while also diversifying concentrated stock positions in a tax-efficient way. For Use in One-On-One Presentations Only. Not For Use with the Public. SHELTONCAP.COM | 18
Slide 19: Tax-Efficient Income using Covered Calls
Shelton Capital Management Tax- Efficient Income using Covered Calls Extension Diversified Stock with Option Portfolio with Portfolio + Overwrite Option Extension + Option • A concentrated (or diversified) portfolio Overwrite Overwrite with an option overwrite can be combined with an active extensio
Slide 20: Our Advantages
Shelton Capital Management Shelton Tax Efficient Portfolios • Provide clients customized solutions to mitigate the effect of taxes on their investment portfolios. Our Advantages • Combine nearly two decades of experience managing covered call income strategies with active extension to provide client
Slide 21: Tax Efficient Portfolio Simulations
Shelton Capital Management Tax Efficient Portfolio Simulations • These returns represent simulated results of the Shelton Capital Extension strategy. They are purely hypothetical and actual results may differ considerably. All returns are geometrically calculated and annualized. • The results repres
Slide 22: Important Information
Shelton Capital Management Important Information It is possible to lose money by investing in this strategy. Investors should consider a strategy’s objectives, risks, charges and expenses carefully before investing. An investment in the strategy is generally subject to market risk, including the los
Slide 23: Important Information
Shelton Capital Management Important Information 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
Slide 24: Important Information
Shelton Capital Management Important Information The targeted returns are forward-looking and do not represent actual performance, and there is no guarantee that such performance will be achieved, and that actual results may vary substantially. Utilizing a proprietary model, the manager identifies o
Slide 25: Important Information
Shelton Capital Management Important Information High Portfolio Turnover Risk: The portfolio may buy and sell securities without regard to how long they have been held when the adviser determines such transactions are in the client’s best interest. Frequent adjustments to long and short positions ca
Slide 26: Thank you.
Thank you. For Use in One-On-One Presentations Only. Not For Use with the Public. SHELTONCAP.COM | 26
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