MutualFundWire.com: With Vident's Help, Rogers Enters ETF World

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Wednesday, September 10, 2025

With Vident's Help, Rogers Enters ETF World

Steve Rogers and the team at his 40-year-old, $6-billion-AUM*, Colorado fund firm are entering the ETF space, with help from an ally near Atlanta.

On Monday (September 8), Rogers, CEO of Shelton Capital Management [profile], unveiled the launch of the Denver-based firm's 1st ETF: the Shelton Equity Premium Income ETF (SEPI on the NYSE Arca). CCM Partners, LP (dba Shelton Capital Management) will serve as administrator and investment advisor to the new fund, while Alpharetta, Georgia-based Vident Asset Management will serve as subadvisor.

SEPI's inception date was Monday. The new ETF comes with an expense ratio of 54 basis points.

The PM team for SEPI includes five portfolio managers:

Yin Bhuyan, senior PM at Vident;

Nick Griebenow, PM at Shelton;

Barry Martin, senior PM at Shelton;

Austin Wen, senior PM at Vident; and

Rogers himself.

Rogers notes that SEPI is powered by "the same research and management principals" behind Shelton's existing equity income SMA offering and its 29-year-old, $925.5-million-AUM** flagship fund: the Shelton Equity Income Fund. The new ETF is designed to generate income via equity dividends and option premiums.

"We believe SEPI stands apart by selling calls on individual stocks rather than relying on synthetic notes or index option overlays," Rogers states.

"As we continue to pursue innovative vehicle solutions to meet our clients' needs, we have designed SEPI for investors who want more than a static income fund," Martin states.

SEPI is an actively managed series of SCM Trust. The new ETF's other service providers include:

Cohen & Company, Ltd. as independent accounting firm;

Davis, Graham & Stubbs as counsel;

Paralel Distributors LLC as distributor and principal underwriter;

Paralel Technologies LLC as fund accounting agent; and

State Street Bank and Trust Company as custodian, shareholder servicing agent, and transfer agent.