# EDGAR Filing Document

**Accession Number:** 0001587551
**File Stem:** 0000910472-26-003637
**Filing Date:** 2026-3
**Character Count:** 22703
**Document Hash:** 141f0c8be0d71c3ff0c39b16e60a25ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003637.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003637

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**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:** 26704172

**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

### Guardian Capital Dividend Growth Fund (Series ID: S000065242)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000211210 | Institutional Shares | DIVGX           |

## Nport-Ex

Guardian

Capital

Dividend

Growth

Fund

Schedule

of

Investments

December

31,

2025

-

(Unaudited)

Common

Stocks

—

99.34%

Shares

Fair

Value

Canada

—

4.31%

Financials

—

4.31%

Royal

Bank

of

Canada

10,830

$

1,846,254

Total

Canada

1,846,254

France

—

11.29%

Energy

—

3.24%

TotalEnergies

S.E.

-

ADR

21,207

1,387,362

Financials

—

5.10%

AXA

S.A.

45,458

2,187,452

Health

Care

—

0.59%

Sanofi

-

ADR

5,198

251,895

Industrials

—

2.36%

Schneider

Electric

S.E.

-

ADR

18,411

1,011,399

Total

France

4,838,108

Germany

—

4.98%

Financials

—

4.98%

Allianz

S.E.

4,642

2,129,582

Total

Germany

2,129,582

India

—

1.39%

Financials

—

1.39%

ICICI

Bank

Ltd.

-

ADR

19,903

593,109

Total

India

593,109

Netherlands

—

4.86%

Technology

—

4.86%

ASML

Holding

N.V.

1,475

1,578,043

Wolters

Kluwer

N.V.

-

ADR

4,835

500,713

Total

Netherlands

2,078,756

United

Kingdom

—

3.47%

Consumer

Staples

—

0.88%

Unilever

PLC

-

ADR

5,769

377,293

Health

Care

—

2.59%

AstraZeneca

PLC

-

ADR

12,040

1,106,838

Total

United

Kingdom

1,484,131

United

States

—

69.04%

Communications

—

7.01%

Alphabet,

Inc.,

Class

A

6,330

1,981,290

Meta

Platforms,

Inc.,

Class

A

1,543

1,018,519

2,999,809

Consumer

Discretionary

—

7.02%

Darden

Restaurants,

Inc.

2,959

544,515

Home

Depot,

Inc.

(The)

2,037

700,932

McDonald's

Corp.

2,745

838,955

Guardian

Capital

Dividend

Growth

Fund

Schedule

of

Investments

(continued)

December

31,

2025

-

(Unaudited)

Common

Stocks

—

99.34%(continued)

Shares

Fair

Value

United

States

—

69.04%

(continued)

Consumer

Discretionary

—

7.02%

(continued)

TJX

Companies,

Inc.

(The)

6,004

$

922,274

3,006,676

Consumer

Staples

—

5.36%

Costco

Wholesale

Corp.

2,144

1,848,857

Procter

&

Gamble

Co.

(The)

3,109

445,551

2,294,408

Energy

—

6.85%

Shell

PLC

-

ADR

14,445

1,061,419

Williams

Cos.,

Inc.

(The)

31,113

1,870,202

2,931,621

Financials

—

4.58%

Hartford

Financial

Services

Group,

Inc.

(The)

6,772

933,182

MasterCard,

Inc.,

Class

A

1,798

1,026,442

1,959,624

Health

Care

—

6.26%

AbbVie,

Inc.

3,377

771,611

Amgen,

Inc.

1,049

343,348

Eli

Lilly

&

Co.

434,171

Johnson

&

Johnson

5,466

1,131,188

2,680,318

Industrials

—

7.61%

Illinois

Tool

Works,

Inc.

1,056

260,093

Parker-Hannifin

Corp.

572

502,765

Republic

Services,

Inc.

5,577

1,181,933

W.W.

Grainger,

Inc.

400,593

Waste

Management,

Inc.

4,150

911,797

3,257,181

Materials

—

0.65%

Air

Products

&

Chemicals,

Inc.

1,122

277,156

Real

Estate

—

2.20%

Equinix,

Inc.

1,231

943,143

Technology

—

20.44%

Apple,

Inc.

9,323

2,534,551

Broadcom,

Inc.

7,328

2,536,220

Microsoft

Corp.

5,124

2,478,069

Motorola

Solutions,

Inc.

1,101

422,035

Oracle

Corp.

3,980

775,742

8,746,617

Utilities

—

1.06%

WEC

Energy

Group,

Inc.

4,295

452,951

Total

United

States

29,549,504

Total Common

Stocks

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $36,395,969)

42,519,444

Guardian

Capital

Dividend

Growth

Fund

Schedule

of

Investments

(continued)

December

31,

2025

-

(Unaudited)

Money

Market

Funds

-

0.56%

Shares

Fair

Value

Morgan

Stanley

Institutional

Liquidity

Funds

Treasury

Securities

Portfolio,

Institutional

Class,

3.62%

(a) 239,829

$

239,829

Total

Money

Market

Funds

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$239,829)

239,829

Total

Investments

—

99.90%

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$36,635,798)

42,759,273

Other

Assets

in

Excess

of

Liabilities — 0.10%

43,420

Net

Assets

—

100.00%

$

42,802,693

(a) Rate

disclosed

is

the

seven

day

effective

yield

as

of

December

31,

2025. ADR

-

American

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:** GUARDIAN CAPITAL DIVIDEND GROWTH FUND

- **b. EDGAR series identifier (if any):** S000065242

- **c. LEI of Series:** 549300ENZF5BCTW5VO98

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $42846063.72

**Total Liabilities:** $52715.67

**Net Assets:** $42793348.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211210 | -0.70%               | 2.51%                | -0.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10760.22               | $-305592.26                                |
| Month 2  | $-214491.37              | $1274732.11                                |
| Month 3  | $-16238.29               | $-304359.33                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc.                                  | AbbVie, Inc.                                                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      3377 | NS      | $771610.73    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.               | Air Products and Chemicals, Inc.                                             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1122 | NS      | $277156.44    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet, Inc.                                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6330 | NS      | $1981290.00   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                   | Amgen, Inc.                                                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1049 | NS      | $343348.19    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple, Inc.                                                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      9323 | NS      | $2534550.78   | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca plc                                                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     12040 | NS      | $1106837.20   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom, Inc.                                                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      7328 | NS      | $2536220.80   | 5.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                 | Costco Wholesale Corporation                                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2144 | NS      | $1848856.96   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                     | Darden Restaurants, Inc.                                                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      2959 | NS      | $544515.18    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                         | Royal Bank of Canada                                                         | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     10830 | NS      | $1846253.16   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | Equinix, Inc.                                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1231 | NS      | $943142.96    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms, Inc.                                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1543 | NS      | $1018518.87   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| W.w. Grainger Inc.                           | WW Grainger, Inc.                                                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       397 | NS      | $400592.85    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.            | Hartford Insurance Group, Inc. (The)                                         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      6772 | NS      | $933181.60    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                              | Home Depot, Inc. (The)                                                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2037 | NS      | $700931.70    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                              | ICICI Bank Ltd.                                                              | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     19903 | NS      | $593109.40    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                     | Illinois Tool Works, Inc.                                                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      1056 | NS      | $260092.80    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                                                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5466 | NS      | $1131188.70   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                   | Allianz S.E.                                                                 | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      4642 | NS      | $2129582.94   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Company                                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       404 | NS      | $434170.72    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                      | Mastercard, Inc.                                                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1798 | NS      | $1026442.24   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                             | McDonald's Corporation                                                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2745 | NS      | $838954.35    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corporation                                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      5124 | NS      | $2478068.88   | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Fund  - Treasury Securities Portfolio | CUSIP: 61747C525<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |    239829 | PA      | $239829.26    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions, Inc.                                                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1101 | NS      | $422035.32    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corporation                                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3980 | NS      | $775741.80    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                        | Parker-Hannifin Corporation                                                  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       572 | NS      | $502765.12    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Axa SA                                       | AXA S.A.                                                                     | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     45458 | NS      | $2187452.63   | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                     | Procter & Gamble Company (The)                                               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      3109 | NS      | $445550.79    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                      | Republic Services, Inc.                                                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      5577 | NS      | $1181933.61   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                    | Shell plc                                                                    | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     14445 | NS      | $1061418.60   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                    | Sanofi S.A.                                                                  | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      5198 | NS      | $251895.08    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric S.E.                                                      | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     18411 | NS      | $1011399.08   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                       | TJX Companies, Inc. (The)                                                    | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      6004 | NS      | $922274.44    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | Unilever plc                                                                 | CUSIP: 904767803<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      5769 | NS      | $377292.60    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                        | WEC Energy Group, Inc.                                                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      4295 | NS      | $452950.70    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                       | Waste Management, Inc.                                                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      4150 | NS      | $911796.50    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                | Williams Companies, Inc. (The)                                               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     31113 | NS      | $1870202.43   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer N.V.                                                          | CUSIP: 977874205<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      4835 | NS      | $500712.60    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies S.E.                                                           | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     21207 | NS      | $1387361.94   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding NV - NY Reg Shares                                              | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1475 | NS      | $1578043.50   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Capitol Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer