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SEPI

GradeANew York Stock Exchange Arca

Shelton Equity Premium Income ETF

Option Income · Shelton Capital · Inception 2025-09-08

$29.25−0.13 (−0.44%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Sep 8, 2025.
Intraday session: down, 33 prints from 29.38 to 29.25. Range 29.18 to 29.36. Use the arrow keys to read each point.$29.20$29.30$29.3510 AM12 PM2 PM4 PM
Expense ratio
0.54%
Fund size
$152M
1Y return
+23.4%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$29.34
52W range
low $24.23high $29.54

The ETF.net SEPI Grade

A

76/ 100

Rank 3 of 51 in Active Option Income

Confidence Medium

Six-pillar profile for SEPI. Scores out of 100: Cost 86, Risk 67, Mission not scored, Tradability 66, Holdings 86, Durability 54. Strongest: Cost (86). Weakest: Durability (54). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 76 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 86
    Category rank8/51 · top 16%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 67
    Category rank13/45 · top 29%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 66
    Category rank15/51 · top 29%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 86
    Category rank3/42 · top 7%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 54
    Category rank25/51 · top 49%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SEPI

ETF.net Research

AMost equity premium income funds sell index options or lean on bank-issued notes. Shelton writes covered calls on the individual large-cap stocks it actually owns, a hands-on take from a firm that has run option-income strategies for years.

Stated mandate

The Fund seeks high current income and capital appreciation when consistent with that income. It invests primarily in income-producing U.S. equity securities.

Why people hold it

  1. 01Costs 0.54% a year against a 0.95% median for the equity premium income crowd, a rare thing for a stock-picking, name-by-name options strategy.
  2. 02Sells calls on the individual stocks in the portfolio rather than index options or synthetic notes, so premium is harvested name by name instead of at the index level.advisor.sheltoncap.comprnewswire.com
  3. 03Under the hood you own a real large-cap equity book (at least 80% of assets in common stocks), not a derivative stand-in for one.aaii.com
  4. 04The portfolio lines up tightly with the stated income-plus-appreciation mandate, putting it among the stronger builds in a very crowded peer group.

Worth knowing

  1. 01Covered calls trade upside for cash: when a held stock runs past its strike, gains on that position are capped. That is the bargain being struck.advisor.sheltoncap.com
  2. 02Index-overlay rivals such as PAPI (0.29%) and TCAL (0.34%) charge less. The extra basis points here buy single-stock selection and single-stock call writing.
  3. 03Launched in 2025, so it is still building scale and a track record, and its distributions have not settled into the fixed monthly rhythm some rivals run on.

SEPI Holdings

As of Sep 21, 2026, 7:08 PM
Asset class
Stocks
Holdings
Top-10 weight
48%
Largest holding
AMD6.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AMDAdvanced Micro Devices Inc6.79%23,072$13M618
002AAPLApple Inc6.09%34,457$12M707
003MUMicron Technology Inc5.30%9,914$10M655
004CATCaterpillar Inc5.21%12,237$10M448
005GOOGLAlphabet Inc4.58%24,927$9M704
006MSFTMicrosoft Corp4.53%17,428$9M792
007NVDANVIDIA Corp4.49%38,402$9M828
008XOMExxonMobil Holdings Corp3.69%42,901$7M501
009GSGoldman Sachs Group Inc/The3.65%7,364$7M399
010AMZNAmazon.com Inc3.58%26,853$7M720
011JNJJohnson & Johnson3.52%24,789$7M521
012METAMeta Platforms Inc3.30%9,431$6M683
013MRKMerck & Co Inc3.06%39,543$6M506
014AVGOBroadcom Inc2.92%15,518$6M732
015ANETArista Networks Inc2.57%24,469$5M490

Showing 1–15 of 41 holdings

SEPI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SEPI$12,344
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SEPI $12,344. SPY $11,723. Use the arrow keys to read each point.$9,306$10,938$12,569Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SEPI. Periods over one year show the average yearly return.
PeriodSEPI
Year to date+18.3%
1 month+3.3%
3 months+7.4%
1 year+23.4%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SEPI
YearReturn barSEPI
2026 YTD+18.3%
2025+7.5%

Since listing, Sep 8, 2025

SEPI in the news

ETF.net Research hasn’t filed on SEPI yet — coverage lands here as it’s written.

SEPI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Oct 30, 2025 $0.17; Nov 28, 2025 $0.17; Dec 30, 2025 $0.19; Jan 29, 2026 $0.19; Feb 26, 2026 $0.19; Mar 30, 2026 $0.19; Apr 29, 2026 $0.19; May 28, 2026 $0.20; Jun 29, 2026 $0.20; Jul 30, 2026 $0.20; Aug 28, 2026 $0.20. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 28, 2026Aug 31, 2026$0.20
Jul 30, 2026Jul 31, 2026$0.20
Jun 29, 2026Jun 30, 2026$0.20
May 28, 2026May 29, 2026$0.20
Apr 29, 2026Apr 30, 2026$0.19
Mar 30, 2026Mar 31, 2026$0.19
Feb 26, 2026Feb 27, 2026$0.19
Jan 29, 2026Jan 30, 2026$0.19
Dec 30, 2025Dec 31, 2025$0.19
Nov 28, 2025Dec 1, 2025$0.17
Oct 30, 2025Oct 31, 2025$0.17

SEPI Risk

How much the fund’s monthly returns vary, scaled to a year.
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−7.7%
12 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.77
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SEPI Cost

Expense ratio0.54%
  • The middle half of Active Option Income funds
  • Median 0.95%

7 of the 47 Active Option Income funds charge less.

SEPI costs $54.00 a year on $10,000. The median Active Option Income fund costs $95.00.