# EDGAR Filing Document

**Accession Number:** 0001587551
**File Stem:** 0000910472-25-006144
**Filing Date:** 2025-12
**Character Count:** 8496
**Document Hash:** 680cc01899b346d48ccb01da4aaabf92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006144.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006144

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capitol Series Trust
- **CENTRAL INDEX KEY:** 0001587551

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22895
- **FILM NUMBER:** 251605353

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 5135873447

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Fairlead Tactical Sector ETF (Series ID: S000075505)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000234653 | Fairlead Tactical Sector ETF | TACK            |

## Nport-Ex

Fairlead

Tactical

Sector

ETF

Schedule

of

Investments

October

31,

2025

(Unaudited)

EXCHANGE-TRADED

FUNDS

—

99.77%

Shares

Fair

Value

Communication

Services

Select

Sector

SPDR®

Fund

298,898

$

34,316,479

Consumer

Discretionary

Select

Sector

SPDR®

Fund

142,005

34,071,260

Financial

Select

Sector

SPDR®

Fund

614,636

32,188,487

Industrial

Select

Sector

SPDR®

Fund

216,046

33,500,093

Real

Estate

Select

Sector

SPDR®

Fund

793,823

32,467,361

SPDR®

Gold

MiniShares®

Trust

155,049

12,278,330

SPDR®

Portfolio

Long

Term

Treasury

ETF

417,391

11,353,036

SPDR®

Portfolio

Short

Term

Treasury

ETF

373,880

10,965,900

Technology

Select

Sector

SPDR®

Fund

123,821

37,230,498

Utilities

Select

Sector

SPDR®

Fund

388,662

34,629,784

Total

Exchange-Traded

Funds

(Cost $236,904,236)

273,001,228

Total

Investments

—

99.77%

(Cost

$236,904,236)

273,001,228

Other

Assets

in

Excess

of

Liabilities — 0.23%

622,322

NET

ASSETS

—

100.00%

$

273,623,550

ETF

-

Exchange-Traded

Fund

SPDR

-

Standard

&

Poor's

Depositary

Receipt

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Capitol Series Trust

- **b. Investment Company Act file number:** 811-22895

- **c. CIK number of Registrant:** 0001587551

- **d. LEI of Registrant:** 549300MZI5K7U8BD2Q02

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** FAIRLEAD TACTICAL SECTOR ETF

- **b. EDGAR series identifier (if any):** S000075505

- **c. LEI of Series:** 5493005X6DVNY5TQOA86

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $273762896.07

**Total Liabilities:** $139345.64

**Net Assets:** $273623550.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234653 | 1.61%                | 3.88%                | 0.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $741404.74               | $3815419.02                                |
| Month 2  | $1536786.81              | $7954958.14                                |
| Month 3  | $870883.08               | $27016.71                                  |

### Schedule of Portfolio Investments

| Name                     | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Select Sector Spdr Trust | Real Estate Select Sector SPDR Fund USD Class                | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    793823 | NS      | $32467360.70  | 11.87%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | Utilities Select Sector SPDR Fund USD Class                  | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    388662 | NS      | $34629784.20  | 12.66%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | Consumer Discretionary Select Sector SPDR Fund               | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    142005 | NS      | $34071259.65  | 12.45%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | Technology Select Sector SPDR Fund USD Class                 | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    123821 | NS      | $37230498.28  | 13.61%            |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust        | State Street SPDR Portfolio Short Term Treasury ETF          | CUSIP: 78468R101<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    373880 | NS      | $10965900.40  | 4.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                      | BBH SWEEP VEHICLE                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    759344 | PA      | $759343.89    | 0.28%             |  |  |  | No            | N/A                | On Loan: No      |
| SPDR Series Trust        | State Street SPDR Portfolio Long Term Treasury ETF USD Class | CUSIP: 78464A664<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    417391 | NS      | $11353035.20  | 4.15%             |  |  |  | No            | 1                  | On Loan: No      |
| World Gold Trust         | SPDR Gold MiniShares Trust                                   | CUSIP: 98149E303<br>LEI: 549300DGCWLK8TGZ0C89 | Long             | EC               | RF                | US        |    155049 | NS      | $12278330.31  | 4.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | Industrial Select Sector SPDR Fund USD Class                 | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    216046 | NS      | $33500092.76  | 12.24%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | Financial Select Sector SPDR Fund USD Class                  | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    614636 | NS      | $32188487.32  | 11.76%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | Communication Services Select Sector SPDR Fund USD Class     | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    298898 | NS      | $34316479.38  | 12.54%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** Capitol Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer