Shelton Equity Premium Income ETF · AMEX:SEPI
Shelton Equity Premium Income ETF — Shelton Capital Management — Corporate Update (September 2026)
31 slides from Shelton Equity Premium Income ETF's corporate update, September 2026
Slide 1: Tactical Portfolio Presentation
SECOND QUARTER 2026 | Shelton Active Allocation Solutions Tactical Portfolio Presentation sheltoncap.com/active-allocation-solutions | (800) 955-9988 | info@sheltoncap.com For UseUse in One-on-One Presentations For ForUse ininOne-on-One One-on-One Presentations Presentations 1
Slide 2: Agenda
Agenda » Firm Overview » Benefits Of A Tactical Allocation » Our Approach » Tactical Portfolio » Our Team » Disclosures For ForUse UseininOne-on-One One-on-One Presentations Presentations 2
Slide 3: Shelton Capital Management: Your Success Is How We Measure Ours
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 4: The Benefits Of A Tactical Allocation
The Benefits Of A Tactical Allocation Finally, tactical Tactical allocations Including a tactical allocations can allow can better allocation can serve as us to move communicate and a behavioral finance opportunistically or reflect the current relief valve. defensively based on market conditions. th
Slide 5: The Benefits Of A Tactical Allocation: Includes Relief Valves
The Benefits Of A Tactical Allocation INCLUDES RELIEF VALVES The Apollo 13 incident was caused by combustion in an oxygen tank. However, a relief valve mitigated the damage and led to the survival of the team members. For ForUse UseininOne-on-One One-on-One Presentations Presentations 5
Slide 6: The Benefits Of A Tactical Allocation: Investor-Facing Aspects
The Benefits Of A Tactical Allocation INVESTOR-FACING ASPECTS Volatility Matters Craving For Action Losses have at least twice We combine strategic the negative impact on our allocations with tactical brains as gains. investments as a relief valve as well as a means to add value. Declines Cause Pani
Slide 7: Where Standard Asset Allocation Can Fall Short
The Benefits Of A Tactical Allocation WHERE STANDARD ASSET ALLOCATION CAN FALL SHORT Looking in the rearview Individuals are not Stable correlations mirror to drive forward institutions The usual method of Standard asset allocation Asset allocation generally developing asset allocation requires long
Slide 8: Our Approach: 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 9: Our Approach: Three Levels of Risk Management
Our Approach GOING BEYOND THE STANDARD WITH THREE LEVELS OF RISK MANAGEMENT Tactical Opportunities Portfolio Focus 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
Slide 10: Manage The Broad And Sleeve Allocations
Our Approach MANAGE THE BROAD AND SLEEVE ALLOCATIONS Strategic Allocation: Tactical Allocation: • Value | Growth | Momentum • Equity Sectors • Capitalization Weightings • Global Regions • Domestic | International | ≈75% ≈ 25% • Emerging Markets Emerging Markets • High Yield Credit • Fixed Income Dur
Slide 11: The Tactical Portfolio
Our Approach THE TACTICAL PORTFOLIO ≈75% ≈ 25% 100% We believe that there are Market global opportunities in Macro Based every market to either Economic Data express optimism for gains Analysis or caution to reduce losses. Multiple The tools we use for our Scenario tactical allocation include: Analy
Slide 12: Our Approach: Business Cycle Emphasis
Our Approach Macro Market Multiple Economic Based Scenario Analysis Data Analysis Mid Cycle: Late Cycle: We typically emphasize momentum We typically emphasize defensive and and growth sectors, such as quality areas, such as consumer staples information technology and consumer and health care. discr
Slide 13: Macro Economic Analysis
Market Our Approach Macro Based Economic Data Analysis Multiple Scenario Analysis MACRO ECONOMIC ANALYSIS GLOBAL BROAD OUTLOOK EMERGING AREA U.S. Europe JAPAN MARKETS Monetary Neutral Neutral Neutral Mixed Conditions Fiscal Supportive Neutral Supportive Mixed Conditions Leading Economic Directionles
Slide 14: Market Based Economic Data
Market Our Approach Macro Based Economic Data Analysis Multiple Scenario Analysis MARKET BASED ECONOMIC DATA Monthly Economic Book: » Helps formulate our base-case scenario » Important data points that cover the broad spectrum of economic series and market technicals/valuations For ForUse UseininOne
Slide 15: Multiple Scenario Analysis
Market Our Approach Macro Based Economic Data Analysis Multiple Scenario Analysis MULTIPLE SCENARIO ANALYSIS Thinking about what could happen: Base-Case, Best-Case, and Worst-Case Scenarios Growth Static Decline (>3%) (1-3%) (<1%) Banks struggle with bad assets ▼ ▲ ▲ Commodity prices drop ▼ — ▲ Cont
Slide 16: 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 17: Going Beyond The Standard With Our Cash Indicator
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 18: Asset Allocation Details
The Tactical Portfolio ASSET ALLOCATION DETAILS Long-Term Risk Profile Broad Asset Allocation Allocation Details ALTERNATIVES ALTERNATIVE U.S. LARGE CAP 11.5% CASH 11.5% 11.0% CASH 2.0% U.S. SMALL 2.0% CAP 10.0% 1 2 EQUITY 3 86.5% SECTOR NON-U.S. EQUITY 37.5% DEVELOPED 100% 21.0% NON-U.S. EMERGING 7
Slide 19: Portfolio Holdings
The Tactical Portfolio PORTFOLIO HOLDINGS Broad Ticker Name Allocation Details Sleeve Weight Allocation MTUM ISHARES MSCI USA MOMENTUM FACTOR EQUITY U.S. LARGE CAP TACTICAL 11.00% VTWO VANGUARD RUSSELL 2000 EQUITY U.S. SMALL CAP TACTICAL 10.00% VEU VANGUARD FTSE ALL-WORLD EX-US EQUITY NON-U.S. DEVEL
Slide 20: The Tactical Portfolio: Risk and Return Characteristics
The Tactical Portfolio Composite (Gross) Composite (Net) MSCI ACWI (Net) Index 15% Annualized Return 10% 5% Standard Deviation 0% 0% 5% 10% 15% 20% CHARACTERISTICS SINCE STANDARD APPROXIMATE RETURN ALPHA BETA INCEPTION1 DEVIATION YIELD^ COMPOSITE (GROSS) 7.38% 13.92% -3.01% 0.87 1.76% COMPOSITE (NET
Slide 21: The Tactical Portfolio: Annualized Returns
The Tactical Portfolio Composite (Gross) Composite (Net) MSCI ACWI (Net) Index 30% Annualized Returns 25.81% 23.92% 25% 23.67% 19.70% 20% 15% 13.28% 12.78% 11.89% 12.00% 10.98% 10.22% 9.55% 10% 8.65% 7.92% 7.38% 7.03% 5.78% 5% 4.14% 2.59% 0% 1-Year 3-Years 5-Years 7-Years 10-Years Since Inception1 S
Slide 22: The Tactical Portfolio: Calendar Year Returns
The Tactical Portfolio Composite (Gross) Composite (Net) MSCI ACWI (Net) Index 30% Calendar Year Returns 20% 10% 0% -10% -20% 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 12.58% 6.86% 4.56% -21.71% 27.25% 20.30% 21.67% -14.23% 17.66% 4.42% 10.91% 5.25% 3.01% -22.87% 25.36% 18.51% 19.86% -15.50%
Slide 23: 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 24: 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 25: 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 26: Disclosures: Performance
Disclosures Performance: The Tactical Composite includes all portfolios that mainly invest in equity and alternative ETFs selected from the global investment opportunity set. The Tactical Composite has risk characteristics similar to that of the broad equity market and include but are not limited to
Slide 27: 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 28: 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 29: Disclosures: Principal Risks
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 30: Disclosures: Principal Risks
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 31: sheltoncap.com/active-allocation-solutions
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