# EDGAR Filing Document

**Accession Number:** 0001830921
**File Stem:** 0001213900-25-081081
**Filing Date:** 2025-8
**Character Count:** 10678
**Document Hash:** fbb9ee64b18634b0fbf73774c75f1b1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-081081.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001213900-25-081081

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aspiriant Real Assets Fund
- **CENTRAL INDEX KEY:** 0001830921

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23616
- **FILM NUMBER:** 251264311

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2200

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Aspiriant Risk-Managed Real Assets Fund
- **DATE OF NAME CHANGE:** 20250723

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASPIRIANT REAL ASSETS FUND
- **DATE OF NAME CHANGE:** 20250718

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASPIRIANT RISK-MANAGED REAL ASSETS FUND
- **DATE OF NAME CHANGE:** 20220728

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001830921

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Aspiriant Real Assets Fund

**Address:** 235 WEST GALENA STREET, MILWAUKEE, WI 53212

**Telephone number:** 414-299-2270

**Name of agent for service:** Ann Maurer

**Agent Address:** 235 WEST GALENA STREET, MILWAUKEE, WI 53212

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-23616

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 2549008XM0CM21URLR65

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                         | CUSIP   | MEETING DATE   | VOTE DESCRIPTION                                                                                                                          | VOTE CATEGORY      |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Frank Cohen                                                                                                         | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Robert Harper                                                                                                       | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Wesley LePatner                                                                                                     | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Brian Kim                                                                                                           | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Raymond J. Beier                                                                                                    | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Susan Carras                                                                                                        | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Richard I. Gilchrist                                                                                                | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Field Griffith                                                                                                      | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Election of Director: Edward Lewis                                                                                                        | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 07/11/2024     | Ratify the appointment of Deloitte  Touche LLP as our independent registered public accounting firm for the year ending December 31, 2024 | AUDIT-RELATED      |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Wesley LePatner                                                                                                     | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: A.J. Agarwal                                                                                                        | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Robert Harper                                                                                                       | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Frank Cohen                                                                                                         | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Raymond J. Beier                                                                                                    | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Susan Carras                                                                                                        | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Richard I. Gilchrist                                                                                                | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Field Griffith                                                                                                      | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Election of Director: Edward Lewis                                                                                                        | DIRECTOR ELECTIONS |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |
| Blackston Real Estate Income Trust Inc |  | 06/26/2025     | Ratify the appointment of Deloitte  Touche LLP as our independent registered public accounting firm for the year ending December 31, 2025 | AUDIT-RELATED      |         377547 |                0 | FOR         |                                   377547 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Aspiriant Real Assets Fund

**By (Signature):** Benjamin Schmidt

**By (Printed Signature):** Benjamin Schmidt

**By (Title):** President and Principal Executive Officer

**Date:** 08/27/2025