This paper proposes a new soft-switched Sepic converter. It has low switching losses and low conduction losses due to its auxiliary communicated circuit and synchronous rectifier operation, respectively. Because of its positive and buck/boost-like DC voltage transfer function (M=D/(1-D)), the proposed converter is desirable for use in distributed power systems. The proposed converter has versions both with and without a transformer. The paper also suggests some design guidelines in terms of the power circuit and the control loop for the proposed converter.