# EDGAR Filing Document

**Accession Number:** 0001587551
**File Stem:** 0000910472-25-003445
**Filing Date:** 2025-11
**Character Count:** 25787
**Document Hash:** bac356755cd3eeae598c0a99eb56b0eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003445.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0000910472-25-003445

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**PERIOD START**: 20250930

**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:** 251493287

**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

### FullerThaler Behavioral Micro-Cap Equity Fund (Series ID: S000063934)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000206932 | Institutional Shares | FTMSX           |

## 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:** FULLERTHALER BEHAVIORAL MICRO-CAP EQUITY FUND

- **b. EDGAR series identifier (if any):** S000063934

- **c. LEI of Series:** 549300H016BBG7ZTY536

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $21952130.93

**Total Liabilities:** $38175.76

**Net Assets:** $21913955.17

**Cash Not Reported:** $9857.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206932 | -0.68%               | 8.58%                | 3.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $123242.14               | $-253482.22                                |
| Month 2  | $560760.43               | $1134286.01                                |
| Month 3  | $737955.52               | $67411.00                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fortrea Holdings Inc.                  | Fortrea Holdings, Inc.                | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |     38365 | NS      | $323033.30    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Energy Fuels Corp.               | Clean Energy Fuels Corp.              | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               | CORP              | US        |     79175 | NS      | $204271.50    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS Restaurants In                     | BJ's Restaurants, Inc.                | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |      8460 | NS      | $258283.80    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Complete Solaria Inc.                  | Complete Solaria Inc                  | CUSIP: 20460L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50425 | NS      | $88748.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| NPK International Inc.                 | NPK  International, Inc.              | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     37170 | NS      | $420392.70    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc.                     | PROG Holdings, Inc.                   | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |      9740 | NS      | $315186.40    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                           | Coursera, Inc.                        | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |     29905 | NS      | $350187.55    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc.                 | Delek US Holdings, Inc.               | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     14765 | NS      | $476466.55    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Traeger Inc                            | Traeger, Inc.                         | CUSIP: 89269P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105000 | NS      | $128100.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                      | Bristow Group Inc                     | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |      7345 | NS      | $265007.60    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                              | Sonos, Inc.                           | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |     24000 | NS      | $379200.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc.               | BrightView Holdings, Inc.             | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |     19760 | NS      | $264784.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Portillos Inc.                         | Portillo's, Inc.                      | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37500 | NS      | $241875.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogenomics Inc                        | NeoGenomics, Inc.                     | CUSIP: 64049M209<br>LEI: 549300KN62PPGHBVXB46 | Long             | EC               | CORP              | US        |     33225 | NS      | $256497.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper-Standard Holdings Inc.          | Cooper-Standard Holding, Inc.         | CUSIP: 21676P103<br>LEI: 549300VVOH2RQP5YMB08 | Long             | EC               | CORP              | US        |     10270 | NS      | $379271.10    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Turbine, Inc.                  | Digital Turbine, Inc.                 | CUSIP: 25400W102<br>LEI: 549300D0WZR1VI2QGB24 | Long             | EC               | CORP              | US        |     92750 | NS      | $593600.00    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                            | Neogen Corp.                          | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |     32275 | NS      | $184290.25    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc               | Ultra Clean Holdings, Inc.            | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     10375 | NS      | $282718.75    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods, Inc.                  | TreeHouse Foods, Inc.                 | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     12000 | NS      | $242520.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Coffee Co                     | Westrock Coffee Co                    | CUSIP: 96145W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36900 | NS      | $179334.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                      | SHOE CARNIVAL, INC.                   | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8500 | NS      | $176715.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Repay Holdings Corporation             | Repay Holdings Corp                   | CUSIP: 76029L100<br>LEI: 2549006EJ42T73ZKUI98 | Long             | EC               | CORP              | US        |     61430 | NS      | $321278.90    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc.                        | Utz Brands, Inc.                      | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21245 | NS      | $258126.75    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Diversified Real Estate Trust | NexPoint Diversified Real Esta        | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               | CORP              | US        |     64614 | NS      | $238425.66    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Daktronics Inc.                        | Daktronics, Inc.                      | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     15000 | NS      | $313800.00    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc                            | Cerence, Inc.                         | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |     34935 | NS      | $435290.10    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc           | Spectrum Brands Holdings, Inc.        | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |      4260 | NS      | $223777.80    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave Inc                               | Dave Inc                              | CUSIP: 23834J201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1695 | NS      | $337898.25    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith Douglas Homes Corp               | Smith Douglas Homes Corp.             | CUSIP: 83207R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15900 | NS      | $280794.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimas Corporation                     | TriMas Corp.                          | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |      6000 | NS      | $231840.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                     | Fluence Energy Inc                    | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |     34400 | NS      | $371520.00    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| El Pollo Loco Holdings Inc             | El Pollo Loco Holdings, Inc.          | CUSIP: 268603107<br>LEI: 549300EZCBNF4G707K90 | Long             | EC               | CORP              | US        |     28165 | NS      | $273200.50    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Treace Medical Concepts Inc.           | Treace Medical Concepts, Inc.         | CUSIP: 89455T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49980 | NS      | $335365.80    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                         | Plug Power, Inc.                      | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |    225500 | NS      | $525415.00    | 2.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Matador Resources Company              | Matador Resources Co.                 | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      9400 | NS      | $422342.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT Inc                     | FrontView REIT, Inc.                  | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19800 | NS      | $271458.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp.                      | Forward Air Corp.                     | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11640 | NS      | $298449.60    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupon Inc                            | Groupon, Inc.                         | CUSIP: 399473206<br>LEI: 5299005W5W1R5POQJL03 | Long             | EC               | CORP              | US        |     11775 | NS      | $274946.25    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplify Energy Corp                    | Amplify Energy Corp.                  | CUSIP: 03212B103<br>LEI: J0TW5YQRAZXYN7VEU787 | Long             | EC               | CORP              | US        |     55000 | NS      | $288750.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Build A Bear Workshop Inc              | Build-A-Bear Workshop, Inc.           | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |      3900 | NS      | $254319.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc.               | ANI Pharmaceuticals, Inc.             | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      3650 | NS      | $334340.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ThredUP Inc.                           | ThredUp, Inc.                         | CUSIP: 88556E102<br>LEI: 549300JKGKTKX3L3XK25 | Long             | EC               | CORP              | US        |     24410 | NS      | $230674.50    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Porch Group Inc.                       | Porch Group, Inc.                     | CUSIP: 733245104<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | EC               | CORP              | US        |     50232 | NS      | $842892.96    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                        | Interface, Inc.                       | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     11910 | NS      | $344675.40    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                         | Green Dot Corp.                       | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65190 | NS      | $875501.70    | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.    | Clear Channel Outdoor Holdings Inc    | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    222950 | NS      | $352261.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Fossil Group Inc                       | Fossil Group, Inc.                    | CUSIP: 34988V106<br>LEI: DDMY8YZ6L8UEMS1FDM73 | Long             | EC               | CORP              | US        |     90000 | NS      | $231300.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA Inc.                  | Beazer Homes USA, Inc.                | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |     14280 | NS      | $350574.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                            | Allient, Inc.                         | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      6700 | NS      | $299825.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc.     | Lindblad Expeditions Holdings, Inc.   | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |     21180 | NS      | $271104.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Citi Trends Inc.                       | Citi Trends, Inc.                     | CUSIP: 17306X102<br>LEI: 529900D06Q0FPHV34S87 | Long             | EC               | CORP              | US        |      8500 | NS      | $263755.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | Reich & Tang Deposit Account          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    136206 | PA      | $136205.66    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LegalZoom.Com Inc.                     | Legalzoom.com, Inc.                   | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     29705 | NS      | $308337.90    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                           | Ameresco, Inc.                        | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |     24030 | NS      | $806927.40    | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Limoneira Co.                          | Limoneira Co.                         | CUSIP: 532746104<br>LEI: 549300UCPZVJGYHI7550 | Long             | EC               | CORP              | US        |     20795 | NS      | $308805.75    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Robin Gourmet Burgers Inc.         | Red Robin Gourmet Burgers, Inc.       | CUSIP: 75689M101<br>LEI: 529900V6NUMBYX34LV46 | Long             | EC               | CORP              | US        |     53995 | NS      | $370405.70    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp.              | Starz Entertainment Corp.             | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | CA        |     19200 | NS      | $282816.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health, Inc.                   | Evolent Health, Inc.                  | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |     27060 | NS      | $228927.60    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanda Pharmace Inc                     | Vanda Pharmaceuticals, Inc.           | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |     36245 | NS      | $180862.55    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| PubMatic Inc.                          | PubMatic, Inc.                        | CUSIP: 74467Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20100 | NS      | $166428.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Nlight Inc.                            | nLight, Inc.                          | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12300 | NS      | $364449.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent Biosolutions Inc              | Emergent BioSolutions, Inc.           | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |     80805 | NS      | $712700.10    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Domo Inc                               | Domo, Inc.                            | CUSIP: 257554105<br>LEI: 549300X57AGT5JULJ761 | Long             | EC               | CORP              | US        |     32115 | NS      | $508701.60    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co.      | SHENANDOAH TELECOMMUNICATIONS COMPANY | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     24360 | NS      | $326911.20    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MUFG Collateral                        | MUFG Collateral                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    663776 | PA      | $663775.50    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                      | Owens & Minor, Inc.                   | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     45000 | NS      | $216000.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                            | EZCORP, Inc.                          | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     20000 | NS      | $380800.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc                     | Calavo Growers, Inc.                  | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9460 | NS      | $243500.40    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Capitol Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller