Nasdaq-100 Index Fund
SHELTON FUNDS · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Nasdaq-100 Index Fund is a U.S. equity index fund that tracks the Nasdaq-100 Index. 27% of NDXKX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
The Funds investment objective is to attempt to replicate the performance of the largest non-financial companies as measured by the Nasdaq- 100 Index .
The fund passively tracks the Nasdaq-100 Index, holding the 100 largest non-financial companies listed on Nasdaq weighted by market capitalization, and uses futures contracts to minimize tracking error between its equity holdings and net assets. Because the fund's largest holdings may represent a substantial portion of assets as index weights shift, concentration risk can increase without shareholder approval.
| Share class | Gross | Net | As of |
|---|---|---|---|
| NDXKX | 0.89% | 0.77% | 2025 Q1 |
| NASDX | 0.64% | 0.51% | 2025 Q1 |
| NQQQX | 0.38% | 0.27% | 2025 Q1 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 15.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.59% |
| Derivatives | 0.41% |
| Bonds | 0.35% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 57.3% |
| Communication Services | 13.3% |
| Consumer Discretionary | 11.0% |
| Consumer Staples | 6.2% |
| 9 smaller | 12.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +18.87% | +111.48% | +103.70% | 20.93% | -7.67% | |
| +19.14% | +113.17% | +107.30% | 20.92% | -7.65% |
These classes hold the same portfolio, so the 3.60pp spread over 5 years is the cost difference between them — roughly 0.72pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Zero-coupon or unclassified | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 8.09% | $211.14 | $191.52M | 907.1K |
| AAPL | APPLE INCAAPL | 7.22% | $312.06 | $171.02M | 548.0K |
| MSFT | MICROSOFT CORPMSFT | 5.27% | $450.24 | $124.80M | 277.2K |
| MU | MICRON TECHNOLOGY INCMU | 4.76% | $971.00 | $112.62M | 116.0K |
| AMZN | AMAZON.COM INCAMZN | 4.58% | $270.64 | $108.45M | 400.7K |
| AMD | ADVANCED MICRO DEVICES INCAMD | 3.66% | $516.10 | $86.71M | 168.0K |
| GOOGL | ALPHABET INCGOOGL | 3.49% | $380.34 | $82.66M | 217.3K |
| TSLA | TESLA INCTSLA | 3.43% | $435.79 | $81.19M | 186.3K |
| AVGO | BROADCOM INCAVGO | 3.34% | $446.77 | $79.07M | 177.0K |
| GOOG | ALPHABET INCGOOG | 3.23% | $376.43 | $76.41M | 203.0K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 47.08% of net assets, top 25 71.89%, across 103 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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