Shelton Greater China Fund drops 2% redemption/exchange fee

By Toni Weeks

San Diego, March 21 - The Shelton Greater China Fund has modified its fee structure, according to a 497 filing with the Securities and Exchange Commission.

The fund dropped its 2% redemption or exchange fee that applied to shares held less than 90 days. The fee expired on Jan. 7 as part of the fund's conversion from a closed-end investment company to an open-end one.

The fund also increased its miscellaneous "other" expenses to 0.85% from 0.5%, but the expense reimbursement contract with the investment manager limits total annual fund operating expenses to 1.75%, the previous fee level, until Oct. 9, 2012.

The fund's investment adviser is San Francisco-based CCM Partners, LP, which does business as Shelton Capital Management.

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