# EDGAR Filing Document

**Accession Number:** 0001534881
**File Stem:** 0002071691-25-007493
**Filing Date:** 2025-11
**Character Count:** 56136
**Document Hash:** 7704ac8867ff5f15ecfdb0feecd905d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007493.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007493

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aspiriant Trust
- **CENTRAL INDEX KEY:** 0001534881

**ORGANIZATION NAME:**
- **EIN:** 205458457
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22648
- **FILM NUMBER:** 251525805

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BOULEVARD SUITE 600
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (310) 806-4000

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BOULEVARD SUITE 600
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Aspiriant Global Equity Trust
- **DATE OF NAME CHANGE:** 20111214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advanced Global Equity Trust
- **DATE OF NAME CHANGE:** 20111213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advanced Capital Intelligence LLC
- **DATE OF NAME CHANGE:** 20111115

## Series and Classes Contracts Data

### Aspiriant Risk-Managed Equity Allocation Fund (Series ID: S000036290)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000111026 | Advisor Shares | RMEAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aspiriant Trust

- **b. Investment Company Act file number:** 811-22648

- **c. CIK number of Registrant:** 0001534881

- **d. LEI of Registrant:** 549300G6IDUM5FT86W78

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

  - **Street Address 1:** 11100 Santa Monica Boulevard

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90025

  - **Telephone number:** 310-806-4000

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

- **a. Name of Series:** Aspiriant Risk-Managed Equity Allocation Fund

- **b. EDGAR series identifier (if any):** S000036290

- **c. LEI of Series:** 549300BN0RKQAFERV981

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $1412612937.33

**Total Liabilities:** $769356.01

**Net Assets:** $1411843581.32

**Cash Not Reported:** $434886.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000111026 | -0.72%               | 2.77%                | 2.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24967669.99             | $-35633450.84                              |
| Month 2  | $1071713.32              | $36002019.78                               |
| Month 3  | $8715983.55              | $24778885.92                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Oracle Corp.                                                  | Oracle Corp.                                                                             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     22822 | NS      | $6418459.28   | 0.45%             |  |  |  | No            | 1                  | On Loan: —       |
| Mizuho Financial Group, Inc.                                  | Mizuho Financial Group, Inc.                                                             | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |     58063 | NS      | $1951838.56   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Lam Research Corp.                                            | Lam Research Corp.                                                                       | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     49717 | NS      | $6657106.30   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares MSCI Global Min Vol Factor ETF                        | iShares MSCI Global Min Vol Factor ETF                                                   | CUSIP: 464286525<br>LEI: 549300DZXYYH8TOP8M46 | Long             |  | RF                | US        |    612100 | NS      | $73403032.00  | 5.20%             |  |  |  | No            | 1                  | On Loan: —       |
| Alphabet, Inc.                                                | Alphabet, Inc., Class A                                                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     35760 | NS      | $8693256.00   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| SoftBank Group Corp.                                          | SoftBank Group Corp.                                                                     | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |     11200 | NS      | $1413222.16   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| QIAGEN NV                                                     | QIAGEN NV                                                                                | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |     31068 | NS      | $1385742.14   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| NVIDIA Corp.                                                  | NVIDIA Corp.                                                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     50712 | NS      | $9461844.96   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com, Inc.                                              | Amazon.com, Inc.                                                                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     44373 | NS      | $9742979.61   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Jabil, Inc.                                                   | Jabil, Inc.                                                                              | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      9370 | NS      | $2034882.90   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares MSCI ACWI ETF                                         | iShares MSCI ACWI ETF                                                                    | CUSIP: 464288257<br>LEI: 549300KZ2WFTI4GQ7M77 | Long             |  | RF                | US        |    476250 | NS      | $65836800.00  | 4.66%             |  |  |  | No            | 1                  | On Loan: —       |
| Hilton Worldwide Holdings, Inc.                               | Hilton Worldwide Holdings, Inc.                                                          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     10166 | NS      | $2637467.04   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| KLA Corp.                                                     | KLA Corp.                                                                                | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1950 | NS      | $2103270.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Sony Group Corp.                                              | Sony Group Corp.                                                                         | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     84200 | NS      | $2420472.31   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                               | Eli Lilly & Co.                                                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      6550 | NS      | $4997650.00   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Prime Money Market Fund                              | JPMorgan Prime Money Market Fund, Institutional Class Shares                             | CUSIP: N/A<br>LEI: 549300YD7H8SEEU7VG41       | Long             | STIV             | RF                | US        |  29314650 | NS      | $29329307.63  | 2.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Adyen NV                                                      | Adyen NV                                                                                 | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |       606 | NS      | $975101.74    | 0.07%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Alphabet, Inc.                                                | Alphabet, Inc., Class C                                                                  | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     25406 | NS      | $6187631.30   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Amadeus IT Group SA                                           | Amadeus IT Group SA                                                                      | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |     14833 | NS      | $1179071.58   | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Constellation Brands, Inc.                                    | Constellation Brands, Inc., Class A                                                      | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     19655 | NS      | $2646938.85   | 0.19%             |  |  |  | No            | 1                  | On Loan: —       |
| CH Robinson Worldwide, Inc.                                   | CH Robinson Worldwide, Inc.                                                              | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     11722 | NS      | $1551992.80   | 0.11%             |  |  |  | No            | 1                  | On Loan: —       |
| Apple, Inc.                                                   | Apple, Inc.                                                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     53823 | NS      | $13704950.49  | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| British American Tobacco plc                                  | British American Tobacco plc                                                             | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     32669 | NS      | $1737576.22   | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs Fin Square Govt Fd                              | GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND OPEN-END FUND                             | CUSIP: 38141W273<br>LEI: CF5M58QA35CFPUX70H17 | Long             | STIV             | RF                | US        |   4000000 | NS      | $4000000.00   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| ALLSPRING GOVT FUND LEX                                       | ALLSPRING GOVERNMENT MONEY MARKET FUND                                                   | CUSIP: 949921126<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |   3000000 | NS      | $3000000.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Recruit Holdings Co. Ltd.                                     | Recruit Holdings Co. Ltd.                                                                | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     25200 | NS      | $1354849.67   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Compass Group plc                                             | Compass Group plc                                                                        | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |    118717 | NS      | $4046559.20   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Argenx SE                                                     | Argenx SE                                                                                | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      2164 | NS      | $1596079.84   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| American Express Co.                                          | American Express Co.                                                                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      4061 | NS      | $1348901.76   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Uber Technologies, Inc.                                       | Uber Technologies, Inc.                                                                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     28916 | NS      | $2832900.52   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Kroger Co. (The)                                              | Kroger Co. (The)                                                                         | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     30820 | NS      | $2077576.20   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson & Johnson                                             | Johnson & Johnson                                                                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     33754 | NS      | $6258666.68   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Merck & Co., Inc.                                             | Merck & Co., Inc.                                                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     31089 | NS      | $2609299.77   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Mastercard, Inc.                                              | Mastercard, Inc., Class A                                                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4744 | NS      | $2698434.64   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Equitable Holdings, Inc.                                      | Equitable Holdings, Inc.                                                                 | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     24333 | NS      | $1235629.74   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.                   | Taiwan Semiconductor Manufacturing Co. Ltd.                                              | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    264253 | NS      | $11478576.14  | 0.81%             |  |  |  | No            | 2                  | On Loan: No      |
| Baillie Gifford Emerging Markets Equities Fund                | Baillie Gifford Emerging Markets Equities Fund, Class K                                  | CUSIP: 056823396<br>LEI: 213800AYGKM1ZPTRBP96 | Long             |  | RF                | US        |   2553955 | NS      | $65176939.57  | 4.62%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS Group AG                                                  | UBS Group AG (Registered)                                                                | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     43018 | NS      | $1768622.85   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| US Foods Holding Corp.                                        | US Foods Holding Corp.                                                                   | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     19259 | NS      | $1475624.58   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                           | LVMH Moet Hennessy Louis Vuitton SE                                                      | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      4180 | NS      | $2572293.88   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| KKR & Co., Inc.                                               | KKR & Co., Inc.                                                                          | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     13491 | NS      | $1753155.45   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential plc                                                | Prudential plc                                                                           | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |    165242 | NS      | $2313341.99   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Home Depot, Inc. (The)                                        | Home Depot, Inc. (The)                                                                   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      5733 | NS      | $2322954.27   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Leumi Le-Israel BM                                       | Bank Leumi Le-Israel BM                                                                  | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     76041 | NS      | $1498204.87   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Williams Cos., Inc. (The)                                     | Williams Cos., Inc. (The)                                                                | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     25421 | NS      | $1610420.35   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Hitachi Ltd.                                                  | Hitachi Ltd.                                                                             | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     59600 | NS      | $1578986.88   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Novo Nordisk A/S                                              | Novo Nordisk A/S, Class B                                                                | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     20945 | NS      | $1166252.52   | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Knorr-Bremse AG                                               | Knorr-Bremse AG                                                                          | CUSIP: N/A<br>LEI: 5299001GRRO0Z25YZT52       | Long             | EC               | CORP              | DE        |      7790 | NS      | $732951.44    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Singapore Telecommunications Ltd.                             | Singapore Telecommunications Ltd.                                                        | CUSIP: N/A<br>LEI: 2549003XJKIQO8YDYD89       | Long             | EC               | CORP              | SG        |    495845 | NS      | $1585250.30   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Hanwha Aerospace Co. Ltd.                                     | Hanwha Aerospace Co. Ltd.                                                                | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |      2434 | NS      | $1924893.22   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Holdings Ltd.                                         | Tencent Holdings Ltd.                                                                    | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     42056 | NS      | $3583575.03   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Live Nation Entertainment, Inc.                               | Live Nation Entertainment, Inc.                                                          | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      9469 | NS      | $1547234.60   | 0.11%             |  |  |  | No            | 1                  | On Loan: —       |
| Broadcom, Inc.                                                | Broadcom, Inc.                                                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     21552 | NS      | $7110220.32   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| McKesson Corp.                                                | McKesson Corp.                                                                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3129 | NS      | $2417277.66   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Abbott Laboratories                                           | Abbott Laboratories                                                                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     42267 | NS      | $5661241.98   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms, Inc.                                          | Meta Platforms, Inc., Class A                                                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     14042 | NS      | $10312163.96  | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Flutter Entertainment plc                                     | Flutter Entertainment plc                                                                | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               | CORP              | IE        |      5007 | NS      | $1305996.25   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| ASML Holding NV                                               | ASML Holding NV                                                                          | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      2929 | NS      | $2856322.92   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Philip Morris International, Inc.                             | Philip Morris International, Inc.                                                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      7437 | NS      | $1206281.40   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| NetEase, Inc.                                                 | NetEase, Inc.                                                                            | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     55400 | NS      | $1682628.93   | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Steel Corp.                                            | Nippon Steel Corp.                                                                       | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |     66000 | NS      | $271836.97    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| MediaTek, Inc.                                                | MediaTek, Inc.                                                                           | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     24706 | NS      | $1071493.07   | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| SAP SE                                                        | SAP SE                                                                                   | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     16462 | NS      | $4407984.17   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Diageo plc                                                    | Diageo plc                                                                               | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |     87185 | NS      | $2086135.36   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Netflix, Inc.                                                 | Netflix, Inc.                                                                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1997 | NS      | $2394243.24   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| US Bancorp                                                    | US Bancorp                                                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     88616 | NS      | $4282811.28   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Dassault Systemes SE                                          | Dassault Systemes SE                                                                     | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |     49223 | NS      | $1655911.89   | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                             | Wells Fargo & Co.                                                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     56396 | NS      | $4727112.72   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Rief Strategic Partners Fund                                  | Rief Strategic Partners Fund, Series SB                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     61823 | NS      | $108557187.02 | 7.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Corning, Inc.                                                 | Corning, Inc.                                                                            | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     13434 | NS      | $1101991.02   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| THE BANK OF NOVA SCOTIA, TORONTO                              | Other Repurchase Agreement                                                               | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | CA        |     35000 | PA      | $35000.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Erste Group Bank AG                                           | Erste Group Bank AG                                                                      | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     19939 | NS      | $1960054.40   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Haleon plc                                                    | Haleon plc                                                                               | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    702283 | NS      | $3160400.91   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Unilever plc                                                  | Unilever plc                                                                             | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     86572 | NS      | $5117153.93   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| T-Mobile US, Inc.                                             | T-Mobile US, Inc.                                                                        | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      7176 | NS      | $1717790.88   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Evercore, Inc.                                                | Evercore, Inc., Class A                                                                  | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      5223 | NS      | $1761822.36   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Holcim AG                                                     | Holcim AG                                                                                | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     12944 | NS      | $1104441.15   | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Analog Devices, Inc.                                          | Analog Devices, Inc.                                                                     | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      7196 | NS      | $1768057.20   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| SOCIETE GENERALE                                              | Treasury Repurchase Agreement                                                            | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | RA               | CORP              | FR        |      1505 | PA      | $1505.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Alibaba Group Holding Ltd.                                    | Alibaba Group Holding Ltd.                                                               | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      1746 | NS      | $312062.58    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Trip.com Group Ltd.                                           | Trip.com Group Ltd.                                                                      | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |     14847 | NS      | $1116494.40   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| SOCIETE GENERALE                                              | Treasury Repurchase Agreement                                                            | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | RA               | CORP              | FR        |      1535 | PA      | $1535.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Cigna Group (The)                                             | Cigna Group (The)                                                                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      7873 | NS      | $2269392.25   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| MS GOVT US LEX                                                | MSILF GOVERNMENT PORTFOLIO OPEN-END FUND USD, Class Institutional                        | CUSIP: 61747C707<br>LEI: 6N8SC06AK49F0N7KIX52 | Long             | STIV             | RF                | US        |   5000000 | NS      | $5000000.00   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| ICICI Bank Ltd.                                               | ICICI Bank Ltd.                                                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     52991 | NS      | $1601917.93   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Flex Ltd.                                                     | Flex Ltd.                                                                                | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |     27823 | NS      | $1612899.31   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Accor SA                                                      | Accor SA                                                                                 | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |     26762 | NS      | $1271473.16   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP        | Cia de Saneamento Basico do Estado de Sao Paulo SABESP                                   | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |     42200 | NS      | $1047972.94   | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola Co. (The)                                           | Coca-Cola Co. (The)                                                                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     36301 | NS      | $2407482.32   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| TJX Cos., Inc. (The)                                          | TJX Cos., Inc. (The)                                                                     | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     19248 | NS      | $2782105.92   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Welltower, Inc.                                               | Welltower, Inc.                                                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     14161 | NS      | $2522640.54   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| DREYFUS TREASURY & AGENCY LEX                                 | DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT FUND OPEN-END FUND USD, Class Institutional | CUSIP: 261908107<br>LEI: 54930067A504FBYASH16 | Long             | STIV             | RF                | US        |   5000000 | NS      | $5000000.00   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Itau Unibanco Holding SA                                      | Itau Unibanco Holding SA                                                                 | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    222210 | NS      | $1631021.40   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                                     | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD, Class Institutional             | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   5000000 | NS      | $5000000.00   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| RBC US GOVT MONEY MKT FUND                                    | RBC FUNDS TRUST US GOVT MONEY MKT FUND RBC INSTL                                         | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |   1000000 | NS      | $1000000.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Schwab Fundamental Emerging Markets Equity ETF                | Schwab Fundamental Emerging Markets Equity ETF                                           | CUSIP: 808524730<br>LEI: 549300IMHQ7K247G1P16 | Long             |  | RF                | US        |   2560111 | NS      | $92573613.76  | 6.56%             |  |  |  | No            | 1                  | On Loan: —       |
| AstraZeneca plc                                               | AstraZeneca plc                                                                          | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     10720 | NS      | $1642315.96   | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Microsoft Corp.                                               | Microsoft Corp.                                                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     39407 | NS      | $20410855.65  | 1.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Quest Diagnostics, Inc.                                       | Quest Diagnostics, Inc.                                                                  | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      9252 | NS      | $1763246.16   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Ares Management Corp.                                         | Ares Management Corp.                                                                    | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      4577 | NS      | $731816.53    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| GMO Quality Fund                                              | GMO Quality Fund, Class VI                                                               | CUSIP: 362008229<br>LEI: 549300AFPJUDV7V43T32 | Long             |  | RF                | US        |  13148277 | NS      | $471760165.41 | 33.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                                     | Safran SA                                                                                | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     17625 | NS      | $6254567.14   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| TFDXX LEX BLACKROCK FED FUND                                  | BLACKROCK LIQUIDITY FEDFUND OPEN-END FUND USD, Class Institutional                       | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   5396886 | NS      | $5396885.70   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Volvo AB                                                      | Volvo AB, Class B                                                                        | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     55027 | NS      | $1582444.77   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| MercadoLibre, Inc.                                            | MercadoLibre, Inc.                                                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       694 | NS      | $1621836.36   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Nestle SA                                                     | Nestle SA (Registered)                                                                   | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     28144 | NS      | $2584611.12   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| DSV A/S                                                       | DSV A/S                                                                                  | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |      5400 | NS      | $1078761.86   | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| KBC Group NV                                                  | KBC Group NV                                                                             | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |     17429 | NS      | $2088672.92   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Elevance Health, Inc.                                         | Elevance Health, Inc.                                                                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     12768 | NS      | $4125596.16   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuitive Surgical, Inc.                                      | Intuitive Surgical, Inc.                                                                 | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      6008 | NS      | $2686957.84   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Viking Global Equities LP                                     | Viking Global Equities LP, Class H Interests                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     44194 | NS      | $51789889.68  | 3.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NXP Semiconductors NV                                         | NXP Semiconductors NV                                                                    | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |      7223 | NS      | $1644893.79   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| FIGXX FID INST GOVT LEX                                       | FIDELITY GOVERNMENT PORTFOLIO OPEN-END FUND USD, Class I                                 | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2000000 | NS      | $2000000.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Tradeweb Markets, Inc.                                        | Tradeweb Markets, Inc., Class A                                                          | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18142 | NS      | $2013399.16   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| GMO Investments ICAV - GMO Equity Dislocation Investment Fund | GMO Investments ICAV - GMO Equity Dislocation Investment Fund, Class A shares            | CUSIP: N/A<br>LEI: 5493007L12FS7KU4K584       | Long             |  |  | IE        |   2630943 | NS      | $56486344.21  | 4.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Sony Financial Group, Inc.                                    | Sony Financial Group, Inc.                                                               | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |     84200 | NS      | $93375.26     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| UnitedHealth Group, Inc.                                      | UnitedHealth Group, Inc.                                                                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     14041 | NS      | $4848357.30   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Thermo Fisher Scientific, Inc.                                | Thermo Fisher Scientific, Inc.                                                           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     10888 | NS      | $5280897.76   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Amrize Ltd.                                                   | Amrize Ltd.                                                                              | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |     30176 | NS      | $1475480.55   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Visa, Inc.                                                    | Visa, Inc., Class A                                                                      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     12931 | NS      | $4414384.78   | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| Parker-Hannifin Corp.                                         | Parker-Hannifin Corp.                                                                    | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1661 | NS      | $1259287.15   | 0.09%             |  |  |  | No            | 1                  | On Loan: —       |
| Havas NV                                                      | Havas NV                                                                                 | CUSIP: N/A<br>LEI: 894500L53AVOFQK7T710       | Long             | EC               | CORP              | NL        |     15049 | NS      | $27743.14     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| SOCIETE GENERALE                                              | Treasury Repurchase Agreement                                                            | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | RA               | CORP              | FR        |      1475 | PA      | $1475.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Accenture plc                                                 | Accenture plc, Class A                                                                   | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     17198 | NS      | $4241026.80   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Targa Resources Corp.                                         | Targa Resources Corp.                                                                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     11081 | NS      | $1856510.74   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Energy AG                                             | Siemens Energy AG                                                                        | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     15034 | NS      | $1767684.56   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| BNP PARIBAS FINANCIAL MARKETS SNC                             | Treasury Repurchase Agreement                                                            | CUSIP: N/A<br>LEI: 6EWKU0FGVX5QQJHFGT48       | Long             | RA               | CORP              | FR        |   5000000 | PA      | $5000000.00   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| AQR Large Cap Defensive Style Fund                            | AQR Large Cap Defensive Style Fund, Class R6                                             | CUSIP: 00191K831<br>LEI: 549300U8SCLX3D8VIY95 | Long             |  | RF                | US        |   2896301 | NS      | $63921353.96  | 4.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Instruments, Inc.                                       | Texas Instruments, Inc.                                                                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     24517 | NS      | $4504508.41   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Salesforce, Inc.                                              | Salesforce, Inc.                                                                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     19540 | NS      | $4630980.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Chewy, Inc.                                                   | Chewy, Inc., Class A                                                                     | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     37774 | NS      | $1527958.30   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Aspiriant Trust

**Signature:** Ben Schmidt

**Name of Signer:** Ben Schmidt

**Title:** Director