NPORT-P
false
0001830921
XXXXXXXX
Aspiriant Risk-Managed Real Asset Fund
811-23616
0001830921
2549008XM0CM21URLR65
235 West Galena Street
Milwaukee
53212
4142992270
Aspiriant Real Assets Fund
2549008XM0CM21URLR65
2027-03-31
2026-06-30
N
201138709.234900000000
4897510.799436000000
196241198.435400000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
2195000.000000000000
N
Vanguard Short-Term Inflation-Protected Securities ETF
N/A
Vanguard Short-Term Inflation-Protected Securities ETF
922020805
2226
NS
USD
111811.98
0.0569768127
Long
RF
US
N
1
N
N
N
Vanguard Real Estate ETF
N/A
Vanguard Real Estate ETF
922908553
3304
NS
USD
318604.72
0.1623536355
Long
RF
US
N
1
N
N
N
Vanguard Real Estate ETF
N/A
Vanguard Real Estate ETF
922908553
20057
NS
USD
1934096.51
0.9855710857
Long
RF
US
N
1
N
N
N
Vanguard Global ex-U.S. Real Estate ETF
N/A
Vanguard Global ex-U.S. Real Estate ETF
922042676
3813
NS
USD
171013.05
0.0871443160
Long
RF
US
N
1
N
N
N
Vanguard Global ex-U.S. Real Estate ETF
N/A
Vanguard Global ex-U.S. Real Estate ETF
922042676
17968
NS
USD
805864.8
0.4106501624
Long
RF
US
N
1
N
N
N
Sustainable Asset Fund, LP
N/A
Sustainable Asset Fund III, LP
999999999
4659016.08
OU
Other Units
USD
4659016.08
2.3741274091
Long
PF
US
Y
N/A
N
N
N
SecureSpace Property Partners LP
N/A
SecureSpace Property Partners LP
999999999
8582811.18
OU
Other Units
USD
8582811.18
4.3736031213
Long
PF
US
Y
N/A
N
N
N
Sculptor Real Estate Fund LP
N/A
Sculptor Real Estate Fund IV LP
999999999
8220541.64
OU
Other Units
USD
8220541.64
4.1889988981
Long
PF
US
Y
N/A
N
N
N
Rush Island LP
N/A
Rush Island LP
999999999
3952445.93
OU
Other Units
USD
3952445.93
2.0140755160
Long
PF
US
Y
N/A
N
N
N
Principal Real Estate Securities Fund
5493007VCVKAGWPVUY18
Principal Real Estate Securities Fund I
74253Q580
547118.813
NS
USD
17086520.53
8.7068977698
Long
RF
US
N
1
N
N
N
Prime Property Fund
N/A
Prime Property Fund
999999999
511.72
NS
USD
9711693.37
4.9488555142
Long
PF
US
Y
N/A
N
N
N
Paulson Real Estate Fund, L.P.
N/A
Paulson Real Estate Fund II, L.P.
999999999
4598493.07
OU
Other Units
USD
4598493.07
2.3432862756
Long
PF
US
Y
N/A
N
N
N
Oaktree Power Opportunities Fund, L.P.
N/A
Oaktree Power Opportunities Fund VII, L.P.
999999999
1478923
OU
Other Units
USD
1478923
0.7536251367
Long
PF
US
Y
N/A
N
N
N
Metropolitan Real Estate Partners International, L.P.
N/A
Metropolitan Real Estate Partners International III-T, L.P.
999999999
74585.55
OU
Other Units
USD
74585.55
0.0380070804
Long
PF
US
Y
N/A
N
N
N
Lazard Global Listed Infrastructure Inst
2QU5TWCQY9IC4WFFTW94
Lazard Global Listed Infrastructure Inst
52106N459
563674.322
NS
USD
10839457.21
5.5235380218
Long
RF
US
N
1
N
N
N
iShares Gold Trust
5493006UOY7GXQWOIP42
iShares Gold Trust
464285204
203095
NS
USD
15335703.45
7.8147216651
Long
RF
US
N
1
N
N
N
Invesco Water Resources ETF
5493006HBGV3BGXGOM22
Invesco Water Resources ETF
46137V142
36903
NS
USD
2549259.24
1.2990438605
Long
RF
US
N
1
N
N
N
Invesco S&P Global Water ETF
549300RFDFWI2IHZ7J53
Invesco S&P Global Water ETF
46138E263
71325
NS
USD
4688192.25
2.3889949141
Long
RF
US
N
1
N
N
N
HighBrook US DCF, LP
N/A
HighBrook US DCF, LP
999999999
2366416.76
OU
Other Units
USD
2366416.76
1.2058715391
Long
PF
US
Y
N/A
N
N
N
HighBrook Property Fund, LP
N/A
HighBrook Property Fund IV (TEF), LP
999999999
11763967.86
OU
Other Units
USD
11763967.86
5.9946473798
Long
PF
US
Y
N/A
N
N
N
Heitman America Real Estate Trust, L.P.
N/A
Heitman America Real Estate Trust, L.P.
999999999
1225.6923
NS
USD
1547415
0.7885270842
Long
PF
US
Y
N/A
N
N
N
Hampshire Partners, LLC
N/A
Hampshire Partners VIII, LLC
999999999
22668
OU
Other Units
USD
22668
0.0115510913
Long
PF
US
Y
N/A
N
N
N
GI Data Infrastructure Fund LP
N/A
GI Data Infrastructure Fund LP
999999999
5493415.57
OU
Other Units
USD
5493415.57
2.7993181930
Long
PF
US
Y
N/A
N
N
N
GI Data Infrastructure Fund LP
N/A
GI Data Infrastructure Fund LP
999999999
6499921.98
OU
Other Units
USD
6499921.98
3.3122107039
Long
PF
US
Y
N/A
N
N
N
GCP VI Feeder A, LP
N/A
GCP VI Feeder A, LP
999999999
594477
OU
Other Units
USD
594477
0.3029318027
Long
PF
US
Y
N/A
N
N
N
Fidelity International Real Estate Fd
PQO8CVTW1FBUXT6K1P39
Fidelity International Real Estate Fd
316389840
764892.085
NS
USD
7847792.79
3.9990546596
Long
RF
US
N
1
N
N
N
Energy Impact Fund LP
N/A
Energy Impact Fund II LP
999999999
3556080.81
OU
Other Units
USD
3556080.81
1.8120969696
Long
PF
US
Y
N/A
N
N
N
Electron Infrastructure Fund, L.P.
N/A
Electron Infrastructure Fund, L.P.
999999999
2889317.47
OU
Other Units
USD
2889317.47
1.4723297111
Long
PF
US
Y
N/A
N
N
N
Electron Global Fund, L.P.
N/A
Electron Global Fund, L.P.
999999999
9062127.34
OU
Other Units
USD
9062127.34
4.6178516093
Long
PF
US
Y
N/A
N
N
N
Cross Lake Real Estate Fund LP
N/A
Cross Lake Real Estate Fund III LP
999999999
4273060.04
OU
Other Units
USD
4273060.04
2.1774530904
Long
PF
US
Y
N/A
N
N
N
Cerberus Institutional Real Estate Partners, L.P.
N/A
Cerberus Institutional Real Estate Partners III, L.P.
999999999
1015663
OU
Other Units
USD
1015663
0.5175584985
Long
PF
US
Y
N/A
N
N
N
CBRE U.S. Core Partners REIT Operating, LP
N/A
CBRE U.S. Core Partners REIT Operating, LP
999999999
6260687.0805
NS
USD
9321096.2
4.7498161825
Long
PF
US
Y
N/A
N
N
N
Carmel Partners Investment Fund, L.P.
N/A
Carmel Partners Investment Fund V, L.P.
999999999
4794801.72
OU
Other Units
USD
4794801.72
2.4433206474
Long
PF
US
Y
N/A
N
N
N
Carmel Partners Investment Fund, L.P.
N/A
Carmel Partners Investment Fund III, L.P.
999999999
15655
OU
Other Units
USD
15655
0.0079774278
Long
PF
US
Y
N/A
N
N
N
Blackstone RE Income Trust, Inc
N/A
Blackstone RE Income Trust, Inc
999999999
377547.038
NS
USD
5484097.26
2.7945697966
Long
PF
US
Y
N/A
N
N
N
Beacon Capital Strategic Partners, L.P.
N/A
Beacon Capital Strategic Partners VI, L.P.
999999999
13015
OU
Other Units
USD
13015
0.0066321446
Long
PF
US
Y
N/A
N
N
N
Bayview MSR Opportunity Offshore, L.P.
N/A
Bayview MSR Opportunity Offshore, L.P.
999999999
11577979.03
OU
Other Units
USD
11577979.03
5.8998717508
Long
PF
KY
Y
N/A
N
N
N
Ara Energy Fund, SCSP
N/A
Ara Energy Fund I-A, SCSP
999999999
3815869
OU
Other Units
USD
3815869
1.9444790546
Long
PF
LU
Y
N/A
N
N
N
Green Courte Real Estate Partners, LLC
N/A
Green Courte Real Estate Partners III, LLC
999999999
133374
OU
Other Units
USD
133374
0.0679643220
Long
PF
US
Y
N/A
N
N
N
Goldman Sachs Financial Square Government Fund
549300BRJMXN4GUWZ402
Goldman Sachs Financial Square Government Fund
38141W265
3242835.27
PA
USD
3242835.27
1.6524742490
Long
STIV
US
N
1
N
N
N
GMO Resources Fund
549300RZ6MOU726M7F60
GMO Resources Fund VI
362014409
107610.257
NS
USD
2720387
1.3862466300
Long
RF
US
N
1
N
N
N
Global X MLP & Energy Infrastructure ETF
549300R7DURR92Q63054
Global X MLP & Energy Infrastructure ETF
37954Y293
13587
NS
USD
1000818.42
0.5099940420
Long
RF
US
N
1
N
N
N
Tema Electrification ETF
529900RQB63LH3HY1C41
Tema Electrification ETF
87975E834
29041
NS
USD
1216527.49
0.6199144215
Long
RF
US
N
1
N
N
N
2026-08-19
Aspiriant Real Assets Fund
/s/ Ben Schmidt
Ben Schmidt
President
XXXX