Derek Izuel, CFA, serves as Chief Investment Officer and Portfolio Manager for the Shelton Emerging Markets Fund, bringing over 24 years of portfolio management experience to the role. He joined Shelton in January 2022 and holds a Bachelor of Arts degree in Computer Science from the University of California, Berkeley (1991) and an MBA from the University of Michigan - Stephen M. Ross School of Business (1997). His extensive career includes serving as Managing Partner at Vitruvian Capital Management (2018-2022), Chief Equity Officer at HighMark Capital Management (2012-2018), Director of Quantitative Strategies at HighMark Capital Management (2008-2012), Senior Portfolio Manager at Invesco Aim (1998-2008), and Research Analyst at GT Global (1997-1998). A significant management change occurred on October 30, 2025, when Justin Sheetz no longer serves as Portfolio Manager, leaving Izuel as the sole manager of the fund. Shelton Capital Management, founded in 1985 by Richard Shelton, is a Denver-based investment advisory firm that has grown to manage nearly $6.5 billion in total assets as of December 2025, exceeding $7 billion following the acquisition of Stringer Asset Management.

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The Shelton Emerging Markets Fund seeks to achieve long-term capital appreciation by investing primarily in equity securities of companies within the MSCI Emerging Markets Index universe. The fund employs a sophisticated three-stage investment process combining classification, data science and machine learning analysis, and portfolio construction to balance returns and risk. The fund maintains a concentrated portfolio of 30-50 stocks with high active share and relatively lower tracking error, allowing for deeper research and more meaningful position sizes in highest-conviction ideas. The investment philosophy is built on principles-based investing, seeking businesses that are beneficial to society with responsible management practices. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of foreign companies in emerging markets included in the MSCI Emerging Markets Index. The firm combines analysis of individual stock investment merit with prudent risk management to produce consistent and superior returns, utilizing data science and machine learning to assess the range of potential outcomes for all portfolio candidates.

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