NPORT-P
false
0001830921
XXXXXXXX
Aspiriant Real Assets Fund
811-23616
0001830921
2549008XM0CM21URLR65
235 West Galena Street
Milwaukee
53212
4142992270
Aspiriant Real Assets Fund
2549008XM0CM21URLR65
2026-03-31
2025-09-30
N
191269447.181600000000
4932337.786666000000
186337109.394900000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
1510180.540000000000
N
Bayview MSR Opportunity Offshore, L.P.
N/A
Bayview MSR Opportunity Offshore, L.P.
999999999
11205653.19
OU
Other Units
USD
11205653.19
6.0136454979
Long
PF
KY
Y
N/A
N
N
N
Beacon Capital Strategic Partners, L.P.
N/A
Beacon Capital Strategic Partners VI, L.P.
999999999
14667
OU
Other Units
USD
14667
0.0078712179
Long
PF
US
Y
N/A
N
N
N
Blackstone RE Income Trust, Inc
N/A
Blackstone RE Income Trust, Inc
999999999
377547.038
NS
USD
5234274.38
2.8090348707
Long
PF
US
Y
N/A
N
N
N
Carmel Partners Investment Fund, L.P.
N/A
Carmel Partners Investment Fund III, L.P.
999999999
344731.95
OU
Other Units
USD
344731.95
0.1850044530
Long
PF
US
Y
N/A
N
N
N
Carmel Partners Investment Fund, L.P.
N/A
Carmel Partners Investment Fund V, L.P.
999999999
4833273.56
OU
Other Units
USD
4833273.56
2.5938330672
Long
PF
US
Y
N/A
N
N
N
CBRE U.S. Core Partners REIT Operating, LP
N/A
CBRE U.S. Core Partners REIT Operating, LP
999999999
7604024.1612
NS
USD
11384141.87
6.1094335460
Long
PF
US
Y
N/A
N
N
N
Cerberus Institutional Real Estate Partners, L.P.
N/A
Cerberus Institutional Real Estate Partners III, L.P.
999999999
1616276
OU
Other Units
USD
1616276
0.8673935134
Long
PF
US
Y
N/A
N
N
N
Cross Lake Real Estate Fund LP - Blocker
N/A
Cross Lake Real Estate Fund III LP
999999999
3954110.67
OU
Other Units
USD
3954110.67
2.1220199685
Long
PF
US
Y
N/A
N
N
N
Electron Global Fund, L.P.
N/A
Electron Global Fund, L.P.
999999999
8168008.09
OU
Other Units
USD
8168008.09
4.3834575499
Long
PF
US
Y
N/A
N
N
N
Energy Impact Fund LP
N/A
Energy Impact Fund II LP
999999999
4199308.28
OU
Other Units
USD
4199308.28
2.2536081480
Long
PF
US
Y
N/A
N
N
N
Fidelity International Real Estate Fd
PQO8CVTW1FBUXT6K1P39
Fidelity International Real Estate Fd
316389840
764892.085
NS
USD
8008420.13
4.2978127953
Long
RF
US
N
1
N
N
N
GCP VI Feeder A, LP
N/A
GCP VI Feeder A, LP
999999999
418371
OU
Other Units
USD
418371
0.2245237148
Long
PF
US
Y
N/A
N
N
N
GEM Realty Securities, L.P.
N/A
GEM Realty Securities, L.P.
999999999
7529056.91
OU
Other Units
USD
7529056.91
4.0405568888
Long
PF
US
Y
N/A
N
N
N
GI Data Infrastructure Fund LP
N/A
GI Data Infrastructure Fund LP
999999999
6504147.21
OU
Other Units
USD
6504147.21
3.4905270513
Long
PF
US
Y
N/A
N
N
N
GI Data Infrastructure Fund LP
N/A
GI Data Infrastructure Fund LP
999999999
4651386.37
OU
Other Units
USD
4651386.37
2.4962211688
Long
PF
US
Y
N/A
N
N
N
GMO Resources Fund
549300RZ6MOU726M7F60
GMO Resources Fund VI
362014409
103234.751
NS
USD
2114248
1.1346360405
Long
RF
US
N
1
N
N
N
Goldman Sachs FS Govt #466
549300BRJMXN4GUWZ402
Goldman Sachs FS Govt #466
38141W265
2053556.3
PA
USD
2053556.3
1.1020651263
Long
STIV
US
N
1
N
N
N
Green Courte Real Estate Partners, LLC
N/A
Green Courte Real Estate Partners III, LLC
999999999
854534.8
OU
Other Units
USD
854534.8
0.4585961448
Long
PF
US
Y
N/A
N
N
N
Hampshire Partners, LLC
N/A
Hampshire Partners VIII, LLC
999999999
21926
OU
Other Units
USD
21926
0.0117668456
Long
PF
US
Y
N/A
N
N
N
Heitman America Real Estate Trust, L.P.
N/A
Heitman America Real Estate Trust, L.P.
999999999
2219.9065
NS
USD
2774067
1.4887356625
Long
PF
US
Y
N/A
N
N
N
HighBrook Property Fund, LP
N/A
HighBrook Property Fund IV (TEF), LP
999999999
11891374.62
OU
Other Units
USD
11891374.62
6.3816459634
Long
PF
US
Y
N/A
N
N
N
Invesco S&P Global Water ETF
549300RFDFWI2IHZ7J53
Invesco S&P Global Water ETF
46138E263
71325
NS
USD
4581918
2.4589401515
Long
RF
US
N
1
N
N
N
Invesco Water Resources ETF
5493006HBGV3BGXGOM22
Invesco Water Resources ETF
46137V142
36903
NS
USD
2661075.33
1.4280973547
Long
RF
US
N
1
N
N
N
iShares Gold Trust
5493006UOY7GXQWOIP42
iShares Gold Trust
464285204
203095
NS
USD
14779223.15
7.9314438214
Long
RF
US
N
1
N
N
N
Lazard Global Listed Infrastructure Inst
2QU5TWCQY9IC4WFFTW94
Lazard Global Listed Infrastructure Inst
52106N459
563674.322
NS
USD
9853027.15
5.2877428345
Long
RF
US
N
1
N
N
N
Metropolitan Real Estate Partners International, L.P.
N/A
Metropolitan Real Estate Partners International III-T, L.P.
999999999
83744.63
OU
Other Units
USD
83744.63
0.0449425400
Long
PF
US
Y
N/A
N
N
N
Oaktree Power Opportunities Fund, L.P.
N/A
Oaktree Power Opportunities Fund VII, L.P.
999999999
1031357
OU
Other Units
USD
1031357
0.5534898568
Long
PF
US
Y
N/A
N
N
N
Paladin Realty Brazil Investors, LP
N/A
Paladin Realty Brazil Investors III (US-A), LP
999999999
36205
OU
Other Units
USD
36205
0.0194298388
Long
PF
US
Y
N/A
N
N
N
Paulson Real Estate Fund, L.P.
N/A
Paulson Real Estate Fund II, L.P.
999999999
5459716.16
OU
Other Units
USD
5459716.16
2.9300208518
Long
PF
US
Y
N/A
N
N
N
Prime Property Fund
N/A
Prime Property Fund
999999999
605.555
NS
USD
11669414.24
6.2625283165
Long
PF
US
Y
N/A
N
N
N
Principal Real Estate Securities Fund
5493007VCVKAGWPVUY18
Principal Real Estate Securities Fund I
74253Q580
547118.813
NS
USD
15642126.86
8.3945312401
Long
RF
US
N
1
N
N
N
Rush Island LP
N/A
Rush Island LP
999999999
3570075.69
OU
Other Units
USD
3570075.69
1.9159230824
Long
PF
US
Y
N/A
N
N
N
Sculptor Real Estate Fund LP
N/A
Sculptor Real Estate Fund IV LP
999999999
6947758.01
OU
Other Units
USD
6947758.01
3.7285960014
Long
PF
US
Y
N/A
N
N
N
SecureSpace Property Partners LP
N/A
SecureSpace Property Partners LP
999999999
6861345.66
OU
Other Units
USD
6861345.66
3.6822217981
Long
PF
US
Y
N/A
N
N
N
Sustainable Asset Fund, LP
N/A
Sustainable Asset Fund III, LP
999999999
4133128.58
OU
Other Units
USD
4133128.58
2.2180920341
Long
PF
US
Y
N/A
N
N
N
US Treasury 3 Month Bill ETF
N/A
US Treasury 3 Month Bill ETF
74933W452
19997
NS
USD
999850
0.5365812549
Long
RF
US
N
1
N
N
N
Vanguard Global ex-U.S. Real Estate ETF
N/A
Vanguard Global ex-U.S. Real Estate ETF
922042676
3161
NS
USD
150906.14
0.0809855538
Long
RF
US
N
1
N
N
N
Vanguard Real Estate ETF
N/A
Vanguard Real Estate ETF
922908553
9163
NS
USD
837681.46
0.4495516018
Long
RF
US
N
1
N
N
N
Vanguard Real Estate ETF
N/A
Vanguard Real Estate ETF
922908553
1639
NS
USD
149837.38
0.0804119912
Long
RF
US
N
1
N
N
N
Vanguard Short-Term Inflation-Protected Securities ETF
N/A
Vanguard Short-Term Inflation-Protected Securities ETF
922020805
2226
NS
USD
112702.38
0.0604830570
Long
RF
US
N
1
N
N
N
2025-10-28
Aspiriant Real Assets Fund
/s/ Ben Schmidt
Ben Schmidt
President