EX-FILING FEES

Calculation of Filing Fee Tables

FORM SC TO-I/A
(Form Type)

Aspiriant Risk-Managed Real Assets Fund
(Exact Name of Registrant as Specified in its Charter)

Table 1 – Transaction Value

	Transaction Valuation			Fee rate		Amount of Filing Fee
Fees to Be Paid	$	347,505		$	0.0001531	$	53.21
Fees Previously Paid	$	9,500,000	⁽¹⁾	$	0.0001531	$	1,454.45
Total Transaction Valuation	$	9,847,505	⁽²⁾			$	1,507.66
Total Fees Due for Filing						$	1,507.66
Total Fees Previously Paid						$	1,454.45
Total Fee Offsets							-
Net Fee Due						$	53.21

(1)

Calculated as the aggregate maximum value of Shares being purchased. The fee of $1,454.45 was paid in connection with the filing of the Schedule TO-I by Aspiriant Risk-Managed Real Assets Fund (File No. 005-92444) on January 24, 2025 (the “Schedule TO”). This is the final amendment to the Schedule TO and is being filed to report the results of the offer.

(2)

This is the final amendment to the Schedule TO and is being filed to report the results of the offer.

Table 2 – Fee Offset Claims and Sources ⁽³⁾

Registrant
or Filer
Name

Form or
Filing Type

File
Number

Initial
Filing Date

Filing Date

Fee Offset
Claimed

Fee Paid with
Fee Offset Source

Fee Offset Claims

Fee Offset Sources

(3)

Not applicable.