New Share Class Takes ‘Center Stage in the Retirement Crisis Fight’
Participants, especially younger workers, are demanding access to companies that are at the forefront of innovation
A new low-cost, tech-centered share class called NQQQX launched Tuesday from Shelton Capital Management that “seeks to address the needs of retirement plan participants and consultants by reducing the overall expenses of investing in a Nasdaq-100 fund through their 401k plans.”
“America is facing a retirement savings crisis and younger investors are being driven away from retirement plans because of options that don’t appeal to them,” said Steve Rogers.
Shelton claims plan participants, especially younger ones, have long clamored for better access to the investment choices that they want.
“They are demanding access to companies that are at the forefront of innovation, and when these aren’t offered in their 401k plan, they take their money elsewhere,” according to the firm.
“America is facing a retirement savings crisis and younger investors are being driven away from retirement plans because of options that don’t appeal to them.” Steve Rogers, CEO of Shelton Capital Management, said in a statement. “We believe all plans should include a Nasdaq-100 Index alternative, and we are taking steps to address this crisis by launching the NQQQX.”
The Nasdaq-100 Index gives investors access to a variety of sectors and focuses on the largest 100 non-financial companies listed on the Nasdaq exchange. Over the last ten years (12/31/11 to 12/31/21), the cumulative return of the Nasdaq-100 Index reached over 700% compared S&P 500 Index of 362%, an annualized yearly outperformance of nearly 7%.
Iconic brands
“Iconic brands like Tesla, Apple, Amazon, Microsoft, and Alphabet appeal to investors who believe these, and other component companies represent the future economy,” Dennis Clark, Shelton’s Managing Director, added. “As the landscape of retirement savings plans evolves, our Nasdaq-100 Index Fund has become a popular offering with 401k platforms and is very appealing to younger investors.”
Denver, Colo.-based Shelton Capital Management is a multi-strategy asset manager with fund administration and digital marketing expertise. Shelton Capital manages over $4 billion of assets as of 12/31/21.
“Demand for this product offering is substantial,” Theresa Conti, President of Sunwest Pensions, concluded. “If employers aren’t focused on the next generation of participants, the next generation is focused on other employers.”
Important Information
An investment in the Fund involves risk, including possible loss of principal. Fund information is not intended to represent future portfolio composition. Portfolio holdings are subject to change and should not be considered a recommendation to buy individual securities. The Fund invests in the largest non-financial companies that are traded on the Nasdaq Stock Market. They are currently concentrated in the technology sector which has been among the volatile sectors of the U.S. stock market. During a declining stock market, this fund would lose money. It would potentially lose more money than other large cap funds.
Nasdaq ®, Nasdaq-100 ® and Nasdaq-100 Index ® are trade or service marks of The Nasdaq Stock Market, Inc. which with its affiliates are the “Corporations”) and are licensed for use by the Fund. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Fund.
Shelton Funds are distributed by RFS Partners, a member of FINRA and affiliate of Shelton Capital Management.
Investors should consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other information about the fund. To obtain a prospectus, visit www.sheltoncap.com or call (800) 955-9988. A prospectus should be read carefully before investing.
INVESTMENTS ARE NOT FDIC INSURED OR BANK GUARANTEED AND MAY LOSE VALUE.
