# EDGAR Filing Document

**Accession Number:** 0001587551
**File Stem:** 0000910472-25-006696
**Filing Date:** 2025-12
**Character Count:** 23958
**Document Hash:** b58c14f4376f4b4aa3008d90e9574b2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006696.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000910472-25-006696

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20260131

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22895
- **FILM NUMBER:** 251611592

**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

### Reynders, McVeigh Core Equity Fund (Series ID: S000063664)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000206278 | Institutional Shares | ESGEX           |

## Nport-Ex

Reynders,

McVeigh

Core

Equity

Fund

Schedule

of

Investments

October

31,

2025

(Unaudited)

COMMON

STOCKS

—

98.55%

Shares

Fair

Value

Cayman

Islands

—

1.36%

Consumer

Discretionary

—

1.36%

SharkNinja,

Inc.

(a) 16,000

$

1,368,000

Total

Cayman

Islands

1,368,000

Denmark

—

2.46%

Health

Care

—

0.99%

Novo

Nordisk

A/S,

Class

B

-

ADR

20,138

996,025

Materials

—

1.47%

Novozymes

A/S,

Class

B

24,904

1,488,236

Total

Denmark

2,484,261

France

—

8.66%

Consumer

Staples

—

3.16%

Danone

25,000

2,209,798

L'Oreal

S.A.

2,332

974,870

3,184,668

Industrials

—

5.50%

Nexans

SA

17,500

2,461,095

Schneider

Electric

SE

10,925

3,099,300

5,560,395

Total

France

8,745,063

Norway

—

1.21%

Industrials

—

1.21%

TOMRA

Systems

ASA

99,382

1,216,592

Total

Norway

1,216,592

Switzerland

—

2.88%

Health

Care

—

2.88%

Alcon,

Inc.

20,000

1,477,800

CRISPR

Therapeutics

AG

(a) 22,300

1,426,977

2,904,777

Total

Switzerland

2,904,777

United

Kingdom

—

4.82%

Consumer

Staples

—

1.91%

Unilever

PLC

-

ADR

32,000

1,926,080

Technology

—

2.91%

ARM

Holdings

PLC

-

ADR

(a) 6,500

1,103,830

RELX

PLC

-

ADR

41,500

1,835,960

2,939,790

Total

United

Kingdom

4,865,870

Reynders,

McVeigh

Core

Equity

Fund

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

COMMON

STOCKS

—

98.55%

-

continued

Shares

Fair

Value

United

States

—

77.16%

Communications

—

4.90%

Alphabet,

Inc.,

Class

A

10,000

$

2,811,900

T-Mobile

US,

Inc.

10,150

2,132,008

4,943,908

Consumer

Discretionary

—

5.42%

Airbnb,

Inc.,

Class

A

(a) 13,000

1,645,020

Home

Depot,

Inc.

(The)

4,500

1,708,155

Interface,

Inc.

85,000

2,116,500

5,469,675

Consumer

Staples

—

1.91%

McCormick

&

Co.,

Inc.

30,000

1,924,800

Financials

—

6.79%

MasterCard,

Inc.,

Class

A

4,634

2,557,922

Rocket

Companies,

Inc.,

Class

A

110,000

1,832,600

SoFi

Technologies,

Inc.

(a) 83,000

2,463,440

6,853,962

Health

Care

—

10.21%

Abbott

Laboratories

18,912

2,337,901

Becton,

Dickinson

and

Co.

9,777

1,747,247

Danaher

Corp.

7,099

1,528,983

GRAIL,

Inc.

(a) 22,600

2,077,618

Stryker

Corp.

3,500

1,246,840

Vertex

Pharmaceuticals,

Inc.

(a) 3,200

1,361,824

10,300,413

Industrials

—

14.69%

Carrier

Global

Corp.

42,100

2,504,529

NEXTracker,

Inc.,

Class

A

(a) 20,000

2,024,400

Rockwell

Automation,

Inc.

8,101

2,984,084

UL

Solutions,

Inc.,

Class

A

45,500

3,543,085

Veralto

Corp.

19,266

1,901,169

Xylem,

Inc.

12,433

1,875,518

14,832,785

Materials

—

3.63%

AptarGroup,

Inc.

13,158

1,526,460

Crown

Holdings,

Inc.

22,000

2,137,960

3,664,420

Reynders,

McVeigh

Core

Equity

Fund

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

COMMON

STOCKS

—

98.55%

-

continued

Shares

Fair

Value

Technology

—

29.61%

Analog

Devices,

Inc.

9,044

$

2,117,472

Apple,

Inc.

10,935

2,956,496

Applied

Materials,

Inc.

11,000

2,564,100

Broadcom,

Inc.

7,000

2,587,410

Cloudflare,

Inc.,

Class

A

(a) 6,750

1,709,775

Enovix

Corp.

(a) 85,714

1,027,711

International

Business

Machines

Corp.

9,050

2,782,060

Microsoft

Corp.

8,275

4,284,878

Nvidia

Corp.

30,640

6,204,293

Salesforce,

Inc.

6,500

1,692,665

Uber

Technologies,

Inc.

(a) 20,300

1,958,950

29,885,810

Total

United

States

77,875,773

Total

Common

Stocks

(Cost $62,713,908)

99,460,336

CERTIFICATES

OF

DEPOSIT

—

0.07%

Principal

Amount

Fair

Value

Latino

Community

Credit

Union,

4.20%,

12/12/2025

$

25,000

25,000

Walden

Mutual

Bank,

3.32%,

8/21/2026

50,000

49,851

Total

Certificates

of

Deposit

(Cost $75,000)

74,851

Total

Investments

—

98.62%

(Cost

$62,788,908)

99,535,187

Other

Assets

in

Excess

of

Liabilities — 1.38%

1,394,874

NET

ASSETS

—

100.00%

$

100,930,061

(a) Non-income

producing

security.

ADR

-

American

Depositary

Receipt

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** REYNDERS, MCVEIGH CORE EQUITY FUND

- **b. EDGAR series identifier (if any):** S000063664

- **c. LEI of Series:** 5493006EHLS3N2J4K057

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $101093744.40

**Total Liabilities:** $163790.11

**Net Assets:** $100929954.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206278 | 0.67%                | 3.13%                | 2.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $542913.14                                 |
| Month 2  | $-624106.75              | $3614128.90                                |
| Month 3  | $1064562.36              | $1243153.66                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Veralto Corp.                         | Veralto Corp                            | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     19266 | NS      | $1901168.88   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                             | GRAIL, Inc.                             | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |     22600 | NS      | $2077618.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                       | Interface, Inc.                         | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     85000 | NS      | $2116500.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                       | AptarGroup, Inc.                        | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     13158 | NS      | $1526459.58   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis (Novozymes) B               | Novonesis (Novozymes) B                 | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     24904 | NS      | $1488235.55   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Relx PLC                              | RELX PLC                                | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     41500 | NS      | $1835960.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                 | Uber Technologies, Inc.                 | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     20300 | NS      | $1958950.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                       | T-Mobile US, Inc.                       | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     10150 | NS      | $2132007.50   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal S.A.                          | L'Oreal SA                              | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      2332 | NS      | $974870.09    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | Microsoft Corp.                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8275 | NS      | $4284877.75   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                          | Unilever PLC                            | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     32000 | NS      | $1926080.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated   | Vertex Pharmaceuticals, Inc.            | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      3200 | NS      | $1361824.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | Alphabet, Inc.                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10000 | NS      | $2811900.00   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation            | Carrier Global Corp.                    | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     42100 | NS      | $2504529.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Companies Inc                  | Rocket Cos, Inc.                        | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110000 | NS      | $1832600.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                        | Cloudflare, Inc.                        | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      6750 | NS      | $1709775.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                   | Danaher Corp.                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      7099 | NS      | $1528982.62   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                   | Stryker Corp.                           | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      3500 | NS      | $1246840.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                       | SharkNinja Inc                          | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     16000 | NS      | $1368000.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                              | Alcon, Inc.                             | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     20000 | NS      | $1477800.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovix Corporation                    | Enovix Corp                             | CUSIP: 293594107<br>LEI: 549300EC7NZGWORHYJ53 | Long             | EC               | CORP              | US        |     85714 | NS      | $1027710.86   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                | Applied Materials, Inc.                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     11000 | NS      | $2564100.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                   | Abbott Laboratories                     | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     18912 | NS      | $2337901.44   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                   | Analog Devices, Inc.                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      9044 | NS      | $2117471.72   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA Corp.                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     30640 | NS      | $6204293.60   | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexans SA                             | Nexans SA                               | CUSIP: F65277109<br>LEI: 96950015FU78G84UIV14 | Long             | EC               | CORP              | FR        |     17500 | NS      | $2461095.10   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                      | Novo Nordisk A/S                        | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     20138 | NS      | $996025.48    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                            | Airbnb, Inc.                            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     13000 | NS      | $1645020.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | Huntington Conservative Deposit Account | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1400274 | PA      | $1400273.73   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tomra Systems ASA                     | TOMRA Systems ASA                       | CUSIP: R91733155<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |     99382 | NS      | $1216591.67   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated               | MasterCard, Inc.                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4634 | NS      | $2557921.66   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                       | salesforce.com, Inc.                    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      6500 | NS      | $1692665.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                          | Broadcom, Inc.                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      7000 | NS      | $2587410.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Latino Community Credit Union         | Latino Community Credit Union           | CUSIP: 51828MAN4<br>LEI: 549300GOPH3KDGIKIU33 | Long             | STIV             | CORP              | US        |     25000 | PA      | $25000.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Company         | Becton Dickinson and Co                 | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      9777 | NS      | $1747247.67   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Walden Mutual Bank (New Hampshire)    | Walden Mutual Bank                      | CUSIP: 93120MAM3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     50000 | PA      | $49850.77     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CRISPR Therapeutics AG                | CRISPR Therapeutics AG                  | CUSIP: H17182108<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |     22300 | NS      | $1426977.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                    | Crown Holdings, Inc.                    | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     22000 | NS      | $2137960.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                           | Xylem, Inc.                             | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     12433 | NS      | $1875518.05   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc.                       | NEXTracker, Inc.                        | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $2024400.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                             | Danone SA                               | CUSIP: F12033134<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |     25000 | NS      | $2209798.27   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sofi Technologies Inc                 | SoFi Technologies, Inc.                 | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |     83000 | NS      | $2463440.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.             | Rockwell Automation, Inc.               | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      8101 | NS      | $2984084.36   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                 | Schneider Electric SE                   | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     10925 | NS      | $3099299.71   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                       | Home Depot, Inc./The                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4500 | NS      | $1708155.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | Apple, Inc.                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     10935 | NS      | $2956495.95   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc.                     | UL Solutions Inc                        | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     45500 | NS      | $3543085.00   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                      | ARM Holdings PLC                        | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      6500 | NS      | $1103830.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corp.   | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      9050 | NS      | $2782060.50   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated     | McCormick & Co., Inc./ MD               | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     30000 | NS      | $1924800.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Capitol Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer