Aspiriant Trust NPORT-P Aspiriant Risk-Managed Taxable Bond Fund (Jun 2024 report)

ASPIRIANT DEFENSIVE ALLOCATION FUND 

SCHEDULE OF INVESTMENTS 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		FOREIGN COLLECTIVE INVESTMENT FUNDS — 26.8%
		ALTERNATIVE DIVERSIFIERS — 26.8%
	4,028,711	GMO Equity Dislocation Investment Fund - Class A1 2	$	92,056,044
	584,773	Lazard Rathmore Alternative Fund - Class E* 1 2		61,946,303
	1,698,208	Managed Fund/Bridgewater Fund Limited* 2 3 4		149,793,528
		TOTAL FOREIGN COLLECTIVE INVESTMENT FUNDS
		(Cost $300,318,541)		303,795,875
		OPEN-END MUTUAL FUNDS — 51.5%
		ALTERNATIVE DIVERSIFIERS — 10.9%
	6,008,829	BlackRock Event Driven Equity Fund - Institutional Shares		60,148,377
	5,940,075	Eaton Vance Global Macro Absolute Return Advantage Fund - Class R6		62,845,996
				122,994,373
		CORE/ALTERNATIVE DIVERSIFIERS — 40.6%
	12,881,917	GMO Benchmark-Free Allocation Fund - Class IV2 5		345,750,641
	5,656,660	JPMorgan Global Allocation Fund - Class R6		114,321,102
				460,071,743
		TOTAL OPEN-END MUTUAL FUNDS
		(Cost $550,835,987)		583,066,116
		EXCHANGE-TRADED FUND — 5.1%
		REAL ASSET — 5.1%
	1,301,821	iShares Gold Trust*		57,188,997
		TOTAL EXCHANGE-TRADED FUND
		(Cost $44,171,838)		57,188,997
		PRIVATE FUNDS6 — 14.0%
		ALTERNATIVE DIVERSIFIERS — 11.3%
		Elliott Associates, LP* 7		56,259,034
	35,693	Millennium International, Ltd. - Class GG* 8		72,293,232
				128,552,266
		CORE DIVERSIFIER — 2.7%
		All Weather Portfolio Limited* 9		30,292,149
				30,292,149
		TOTAL PRIVATE FUNDS
		(Cost $116,433,232)		158,844,415
		SHORT-TERM INVESTMENT — 2.3%
	26,270,051	JPMorgan Prime Money Market Fund - Institutional Shares, 5.30%10		26,275,305
		TOTAL SHORT-TERM INVESTMENT
		(Cost $26,274,812)		26,275,305

ASPIRIANT DEFENSIVE ALLOCATION FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares		Value
	TOTAL INVESTMENTS — 99.7%
	(Cost $1,038,034,410)		1,129,170,708
	Other assets less liabilities — 0.3%		3,043,078
	TOTAL NET ASSETS — 100.0%	$	1,132,213,786

* Non-income producing security.

¹ Domiciled in Ireland.

² Affiliated investments for which ownership exceeds 5% of the investment's capital.

³ Domiciled in Jersey. In the United States the security is offered in private placement transactions and as such is restricted as to resale.

⁴ The investment was acquired on 9/27/2022. The cost is $159,000,000.

⁵ Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements is available from the SEC's EDGAR database at www.sec.gov.

⁶ The Private Funds are generally offered in private placement transactions and as such are often illiquid and generally restricted as to resale. As of June 30, 2024, the aggregate fair value of these investments is $158,844,415 or 14.0% of the Fund’s net assets.

⁷ The investment was acquired on 1/2/2020. The cost is $47,168,000.

⁸ The investment was acquired on 1/1/2020. The cost is $44,356,457 or $1,243 per share.

⁹ The investment was acquired on 5/1/2018. The cost is $24,908,775.

¹⁰ The rate is the annualized seven-day yield at period end.

LP — Limited Partnership

Ltd. — Limited

ASPIRIANT RISK-MANAGED EQUITY ALLOCATION FUND 

SCHEDULE OF INVESTMENTS 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		COMMON STOCKS — 22.2%
		BERMUDA — 0.2%
	12,900	Arch Capital Group Ltd.*	$	1,301,481
	2,710	Everest Group Ltd.		1,032,564
				2,334,045
		BRAZIL — 0.0%1
	37,661	Telefonica Brasil S.A. - ADR		309,197
	1,497	TIM S.A. - ADR		21,437
				330,634
		CANADA — 0.1%
	4,984	Agnico Eagle Mines Ltd.		325,953
	5,346	TFI International, Inc.		776,236
				1,102,189
		CAYMAN ISLANDS — 0.1%
	10,856	iQIYI, Inc. - ADR* 2		39,841
	42,643	Tencent Holdings Ltd.		2,022,998
				2,062,839
		CHINA — 0.1%
	260,000	China Shenhua Energy Co., Ltd.		1,198,414
		DENMARK — 0.2%
	15,800	AP Moller - Maersk A/S - ADR		136,196
	4,047	DSV A/S		621,207
	13,202	Novo Nordisk A/S - ADR		1,884,453
				2,641,856
		FRANCE — 0.7%
	3,379	Alstom S.A.*		56,986
	1,963	Capgemini S.E.*		389,925
	542	L'Oreal S.A.		238,570
	3,193	LVMH Moet Hennessy Louis Vuitton S.E.		2,451,557
	255	Pernod Ricard S.A.		34,792
	10,198	Publicis Groupe S.A.		1,083,222
	26,825	Safran S.A.		5,653,595
	33,079	Vivendi S.E.		345,729
				10,254,376
		GERMANY — 0.7%
	5,235	Allianz S.E.		1,453,921
	7,790	Knorr-Bremse A.G.		595,428
	1,191	Muenchener Rueckversicherungs-Gesellschaft A.G.		595,447
	1,886	Rheinmetall A.G.		961,135

ASPIRIANT RISK-MANAGED EQUITY ALLOCATION FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		GERMANY (Continued)
	25,293	SAP S.E.	$	5,080,746
	6,494	Siemens A.G.		1,208,699
				9,895,376
		GUERNSEY — 0.0%1
	7,861	Amdocs Ltd.		620,390
		HONG KONG — 0.0%1
	124,000	Beijing Enterprises Holdings Ltd.2		416,016
	92,000	China Merchants Port Holdings Co., Ltd.		136,705
				552,721
		INDIA — 0.2%
	18,755	Axis Bank Ltd.		1,424,301
	7,455	Dr Reddy's Laboratories Ltd. - ADR2		567,996
	58,180	Infosys Ltd. - ADR2		1,083,312
				3,075,609
		IRELAND — 0.5%
	15,198	Accenture PLC - Class A		4,611,225
	5,271	Flutter Entertainment PLC*		958,786
	3,352	ICON PLC* 2		1,050,752
				6,620,763
		ISRAEL — 0.1%
	1,563	Elbit Systems Ltd.		276,073
	2,571	Nice Ltd. - ADR*		442,135
				718,208
		JAPAN — 0.5%
	4,200	Bandai Namco Holdings, Inc.		82,284
	25,113	FUJIFILM Holdings Corp.		589,068
	18,600	Honda Motor Co., Ltd.		199,950
	10,000	Itochu Corp.		491,582
	18,240	MS&AD Insurance Group Holdings, Inc.		407,226
	90,400	Nippon Steel Corp.		1,916,338
	347,500	Nippon Telegraph & Telephone Corp.		328,597
	20,600	Recruit Holdings Co., Ltd.		1,108,428
	76,100	Renesas Electronics Corp.		1,443,210
	170	Shin-Etsu Chemical Co., Ltd.		6,610
	30	Toyota Motor Corp.		616
				6,573,909
		LUXEMBOURG — 0.1%
	3,698	Spotify Technology S.A.*		1,160,395

ASPIRIANT RISK-MANAGED EQUITY ALLOCATION FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		NETHERLANDS — 0.5%
	13,978	AerCap Holdings N.V.	$	1,302,750
	8,859	Airbus S.E.		1,215,869
	1,601	ASML Holding N.V.		1,631,685
	5,954	NXP Semiconductors N.V.		1,602,162
	48,163	Stellantis N.V.2		956,035
				6,708,501
		SINGAPORE — 0.1%
	47,095	Flex Ltd.*		1,388,832
		SOUTH KOREA — 0.0%1
	894	POSCO Holdings, Inc. - ADR		58,772
	1	Woori Financial Group, Inc. - ADR		32
				58,804
		SPAIN — 0.1%
	14,833	Amadeus IT Group S.A.2		987,053
		SWEDEN — 0.1%
	52,823	Volvo A.B. - B Shares		1,357,257
		SWITZERLAND — 0.5%
	6,065	Garmin Ltd.2		988,110
	8,818	Holcim A.G.		779,441
	20,454	Nestle S.A.		2,087,827
	13,500	Novartis A.G.		1,437,368
	6,058	Roche Holding A.G.		1,678,422
	4,860	SSR Mining, Inc.		21,919
	227	Zurich Insurance Group A.G.		120,922
				7,114,009
		TAIWAN — 0.9%
	28,300	MediaTek, Inc.		1,218,836
	295,000	Taiwan Semiconductor Manufacturing Co., Ltd.		8,740,149
	13,685	Taiwan Semiconductor Manufacturing Co., Ltd. - ADR		2,378,590
	66,650	United Microelectronics Corp. - ADR2		583,854
				12,921,429
		UNITED KINGDOM — 1.2%
	11,970	AstraZeneca PLC		1,862,928
	1	AstraZeneca PLC - ADR		78
	123,283	Compass Group PLC		3,358,640
	50,312	Diageo PLC		1,579,495
	66,355	GSK PLC		1,276,287
	464,348	Haleon PLC		1,889,301

ASPIRIANT RISK-MANAGED EQUITY ALLOCATION FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		UNITED KINGDOM (Continued)
	12,712	London Stock Exchange Group PLC	$	1,507,368
	40,490	Shell PLC		1,452,295
	60,762	Unilever PLC		3,335,066
	44,944	Vodafone Group PLC - ADR2		398,653
				16,660,111
		UNITED STATES — 15.3%
	34,598	Abbott Laboratories		3,595,078
	7,272	Adtalem Global Education, Inc.*		496,023
	12,168	Aflac, Inc.2		1,086,724
	50,308	Alphabet, Inc. - Class A		9,163,602
	22,033	Alphabet, Inc. - Class C		4,041,293
	42,139	Amazon.com, Inc.*		8,143,362
	13,229	American Express Co.		3,063,175
	78,605	Apple, Inc.		16,555,785
	11,227	Ares Management Corp. - Class A		1,496,335
	1,582	Arista Networks, Inc.* 2		554,459
	417	Atmos Energy Corp.		48,643
	1,608	Bio-Rad Laboratories, Inc. - Class A* 2		439,161
	326	Booking Holdings, Inc.		1,291,449
	4,614	Cencora, Inc.		1,039,534
	1,635	Chemed Corp.		887,118
	5,174	Church & Dwight Co., Inc.2		536,440
	6,271	Cigna Group		2,073,005
	23,041	Cisco Systems, Inc.		1,094,678
	5,859	CNX Resources Corp.* 2		142,374
	72,286	Coca-Cola Co.		4,601,004
	8,901	Constellation Brands, Inc. - Class A2		2,290,049
	3,127	Constellation Energy Corp.		626,244
	4,314	Corpay, Inc.*		1,149,293
	1,740	Costco Wholesale Corp.		1,478,983
	7,793	Dolby Laboratories, Inc. - Class A		617,439
	883	DT Midstream, Inc.		62,720
	10,120	Elevance Health, Inc.		5,483,623
	6,536	Eli Lilly & Co.		5,917,564
	4,786	Expeditors International of Washington, Inc.		597,245
	1,353	Gartner, Inc.*		607,578
	8,543	General Electric Co.		1,358,081
	8,747	GoDaddy, Inc.*		1,222,043
	3,456	HCA Healthcare, Inc.		1,110,344
	3,815	Hilton Worldwide Holdings, Inc.		832,433
	146	Home Depot, Inc.		50,259

ASPIRIANT RISK-MANAGED EQUITY ALLOCATION FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		UNITED STATES (Continued)
	302	Humana, Inc.	$	112,842
	1,492	Intuit, Inc.		980,557
	9,048	Intuitive Surgical, Inc.*		4,025,003
	693	Jabil, Inc.		75,392
	33,916	Johnson & Johnson		4,957,163
	14,122	KKR & Co., Inc.2		1,486,199
	4,288	KLA Corp.		3,535,499
	4,813	Lam Research Corp.		5,125,123
	2,653	Lancaster Colony Corp.		501,337
	6,471	Lennar Corp. - Class A		969,809
	6,223	Marathon Oil Corp.		178,413
	5,260	Marriott International, Inc. - Class A2		1,271,710
	4,410	Mastercard, Inc. - Class A		1,945,516
	842	McCormick & Co., Inc.2		59,732
	2,461	McDonald's Corp.		627,161
	2,061	McKesson Corp.		1,203,707
	34,573	Merck & Co., Inc.		4,280,137
	13,996	Meta Platforms, Inc. - Class A2		7,057,063
	40,469	Microsoft Corp.		18,087,620
	1,609	Molina Healthcare, Inc.*		478,356
	750	Monster Beverage Corp.*		37,463
	2,858	Motorola Solutions, Inc.		1,103,331
	2,793	Netflix, Inc.*		1,884,940
	31,131	NVIDIA Corp.		3,845,924
	38	NVR, Inc.*		288,365
	11,519	Omnicom Group, Inc.2		1,033,254
	36,213	Oracle Corp.		5,113,276
	1,138	O'Reilly Automotive, Inc.* 2		1,201,796
	29,731	Otis Worldwide Corp.2		2,861,906
	19,488	Pinterest, Inc.* 2		858,836
	5,113	Procter & Gamble Co.		843,236
	13,596	Quest Diagnostics, Inc.		1,861,021
	5,989	Republic Services, Inc.		1,163,902
	3,545	Royal Gold, Inc.2		443,692
	3,210	S&P Global, Inc.		1,431,660
	18,673	Salesforce, Inc.2		4,800,828
	158	Seaboard Corp.		499,397
	2,385	Stryker Corp.		811,496
	2,523	Synopsys, Inc.* 2		1,501,336
	24,517	Texas Instruments, Inc.		4,769,292
	2,594	Thermo Fisher Scientific, Inc.		1,434,482

ASPIRIANT RISK-MANAGED EQUITY ALLOCATION FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		UNITED STATES (Continued)
	34,458	TJX Cos., Inc.2	$	3,793,826
	6,707	T-Mobile US, Inc.2		1,181,639
	69,910	U.S. Bancorp		2,775,427
	19,618	U.S. Foods Holding Corp.*		1,039,362
	21,077	Uber Technologies, Inc.*		1,531,876
	3,116	United Therapeutics Corp.*		992,602
	15,355	UnitedHealth Group, Inc.		7,819,687
	22,522	Visa, Inc. - Class A2		5,911,349
	51,420	Walmart, Inc.		3,481,648
	3,001	Warner Bros Discovery, Inc.*		22,327
	81,543	Wells Fargo & Co.2		4,842,839
	13,974	Werner Enterprises, Inc.		500,688
				212,394,182
		TOTAL COMMON STOCKS
		(Cost $203,127,385)		308,731,902
		EXCHANGE-TRADED FUNDS — 12.7%
	880,860	iShares MSCI Global Min Vol Factor ETF2		92,173,191
	2,827,981	Schwab Fundamental Emerging Markets Large Co. Index ETF2		83,623,398
		TOTAL EXCHANGE-TRADED FUNDS
		(Cost $142,814,779)		175,796,589
		FOREIGN COLLECTIVE INVESTMENT FUND — 6.6%
	4,015,021	GMO Equity Dislocation Investment Fund - Class A3 4		91,743,233
		TOTAL FOREIGN COLLECTIVE INVESTMENT FUND
		(Cost $83,824,405)		91,743,233
		OPEN-END MUTUAL FUNDS — 42.3%
	2,994,629	AQR Large Cap Defensive Style Fund - Class R6		71,511,741
	2,716,773	Baillie Gifford Emerging Markets Equities Fund - Class K		56,210,032
	13,925,724	GMO Quality Fund - Class VI5 6		459,270,369
		TOTAL OPEN-END MUTUAL FUNDS
		(Cost $424,589,149)		586,992,142
		PRIVATE FUNDS7 — 12.2%
		RIEF Strategic Partners Fund LLC* 8		116,846,638
		Viking Global Equities LP* 9		52,170,327
		TOTAL PRIVATE FUNDS
		(Cost $131,940,298)		169,016,965

ASPIRIANT RISK-MANAGED EQUITY ALLOCATION FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		SHORT-TERM INVESTMENTS — 8.3%
		COLLATERAL POOL INVESTMENTS FOR SECURITIES ON LOAN — 5.2%
		Collateral Investments	$	71,773,463
		MONEY MARKET FUNDS — 3.1%
	43,300,477	JPMorgan Prime Money Market Fund - Institutional Shares, 5.30%10		43,309,137
		TOTAL SHORT-TERM INVESTMENTS
		(Cost $115,079,109)		115,082,600
		TOTAL INVESTMENTS — 104.3%
		(Cost $1,101,375,125)		1,447,363,431
		Liabilities in excess of other assets — (4.3)%		(59,480,033	)
		TOTAL NET ASSETS — 100.0%	$	1,387,883,398

* Non-income producing security.

¹ Rounds to less than 0.05%.

² Certain shares or principal amounts are temporarily on loan to unaffiliated brokers-dealers. At period end, the aggregate market value of these securities was $77,915,698.

³ Domiciled in Ireland.

⁴ Affiliated investments for which ownership exceeds 5% of the investment's capital.

⁵ Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements is available from the SEC's EDGAR database at www.sec.gov.

⁶ The Fund primarily invests in global equities.

⁷ The Private Funds are generally offered in private placement transactions and as such are often illiquid and generally restricted as to resale. As of June 30, 2024, the aggregate fair value of these investments is $169,016,965 or 12.2% of the Fund’s net assets.

⁸ The investment was acquired on 7/2/2018. The cost is $81,940,298.

⁹ The investment was acquired on 12/1/2023. The cost is $50,000,000.

¹⁰ The rate is the annualized seven-day yield at period end.

ADR – American Depository Receipt

ETF – Exchange-Traded Fund

LLC – Limited Liability Company

LP – Limited Partnership

Ltd. – Limited

PLC – Public Limited Company

US – United States

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS — 74.2%
		ALABAMA — 2.1%
	1,715,000	Alabama Special Care Facilities Financing Authority-Birmingham, 5.00%, 11/15/2046, Call 05/15/2026		1,734,079
	375,000	Birmingham-Jefferson Civic Center Authority, 5.00%, 07/1/2048, Call 07/1/2028		385,403
		Black Belt Energy Gas District
	2,000,000	4.00%, 06/1/2051, Call 09/1/20311		2,008,460
	1,000,000	4.00%, 10/1/2052, Call 09/1/20261		1,002,481
	1,950,000	5.25%, 02/1/2053, Call 03/1/20291		2,058,757
	500,000	4.53% (SIFMA Municipal Swap Index Yield+ 65 basis points), 04/1/2053, Call 07/1/20272		495,192
	1,000,000	5.25%, 05/1/2055, Call 06/1/20321		1,087,327
	1,035,000	County of Jefferson Sewer Revenue, 5.25%, 10/1/2049, Call 10/1/2033		1,109,464
		Health Care Authority for Baptist Health
	1,000,000	5.00%, 11/15/2036, Call 11/15/2032		1,066,468
	875,000	5.00%, 11/15/2037, Call 11/15/2032		929,370
	1,000,000	Homewood Educational Building Authority, 5.50%, 10/1/2049, Call 04/1/2034		1,058,852
	1,080,000	Hoover Industrial Development Board, 5.75%, 10/1/2049, Call 10/1/20293		1,124,993
	2,520,000	Jacksonville Public Educational Building Authority, 5.00%, 07/1/2044, Call 07/1/2027		2,524,868
	1,000,000	Mobile County Industrial Development Authority, 5.00%, 06/1/2054, Call 06/20/20343		1,017,269
	1,200,000	Selma Industrial Development Board, 1.38%, 05/1/20341		1,170,884
		Southeast Alabama Gas Supply District
	1,000,000	5.00%, 06/1/2049, Call 02/1/20321		1,054,784
	2,000,000	5.00%, 08/1/2054, Call 01/1/20321		2,145,645
		Southeast Energy Authority A Cooperative District
	750,000	5.00%, 06/1/2030, Call 03/1/2030		787,637
	1,500,000	5.25%, 01/1/2054, Call 04/1/20291		1,586,795
	1,900,000	UAB Medicine Finance Authority, 5.00%, 09/1/2033, Call 09/1/2029		2,033,878
				26,382,606
		ARIZONA — 1.0%
	500,000	Arizona Health Facilities Authority, 5.00%, 02/1/2043, Call 07/29/2024		500,053
		Arizona Industrial Development Authority
	605,000	4.00%, 03/1/20274		597,597
	600,000	4.00%, 07/1/2041, Call 07/1/2026		575,684

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		ARIZONA (Continued)
$	530,000	5.00%, 07/1/2047, Call 07/1/20274	$	526,415
	1,000,000	4.00%, 07/1/2061, Call 07/1/2026		864,278
	213,316	Cahava Springs Revitalization District, 7.00%, 07/1/2041, Call 07/1/20274 5		164,253
	1,625,000	Chandler Industrial Development Authority, 4.00%, 06/1/2049, Call 02/1/20291 3		1,636,009
	1,000,000	City of Phoenix Civic Improvement Corp., 4.00%, 07/1/2040, Call 07/1/2027		1,001,942
	696,000	Eastmark Community Facilities District #1, 5.20%, 07/1/2039, Call 07/1/20254		681,083
	645,000	Industrial Development Authority of the City of Phoenix, 5.00%, 10/1/2036, Call 10/1/2026		660,287
	500,000	Industrial Development Authority of the County of Pima, 6.75%, 03/1/2034, Call 07/17/2024		500,256
	340,000	Industrial Development Authority of the County of Yavapai, 5.13%, 03/1/2042, Call 08/8/20244		339,388
	1,000,000	La Paz County Industrial Development Authority, 5.75%, 06/15/2038, Call 06/15/20274		1,002,924
	120,000	Maricopa County Industrial Development Authority, 5.00%, 07/1/2039, Call 07/1/20294		122,337
		Maricopa County Pollution Control Corp.
	500,000	2.40%, 06/1/2035, Call 12/1/2031		413,875
	625,000	0.88%, 06/1/20431		577,566
	1,995,000	Salt Verde Financial Corp., 5.00%, 12/1/2032		2,123,831
	785,000	Westpark Community Facility District, 5.00%, 07/15/2032, Call 07/15/2026		792,614
				13,080,392
		ARKANSAS — 0.3%
		Arkansas Development Finance Authority
	2,800,000	4.50%, 09/1/2049, Call 09/1/20263 4		2,766,581
	500,000	5.45%, 09/1/2052, Call 09/1/20253		514,981
				3,281,562
		CALIFORNIA — 6.4%
	2,000,000	Alameda Corridor Transportation Authority, AGM, 0.00%, 10/1/2052, Call 10/1/2037		1,099,040
	1,000,000	Bay Area Toll Authority, 5.13% (SIFMA Municipal Swap Index Yield+ 125 basis points), 04/1/2036, Call 10/1/20262		1,007,813
	1,325,000	Calexico Unified School District, BAM, 3.00%, 08/1/2052, Call 08/1/2031		997,165
		California Community Choice Financing Authority
	500,000	4.00%, 05/1/2053, Call 05/1/20281		503,348
	1,000,000	5.00%, 07/1/2053, Call 05/1/20291		1,050,278
	750,000	5.20% (SOFR Rate+ 163 basis points), 07/1/2053, Call 05/1/20292		745,735
	1,000,000	5.52% (SOFR Rate+ 195 basis points), 12/1/2053, Call 05/1/20292		1,004,260
	1,000,000	5.25%, 01/1/2054, Call 10/1/20301		1,054,431

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		CALIFORNIA (Continued)
$	1,000,000	California Community Housing Agency, 5.00%, 04/1/2049, Call 04/1/20294	$	872,986
	95,000	California County Tobacco Securitization Agency, 4.00%, 06/1/2049, Call 06/1/2030		88,059
		California Health Facilities Financing Authority
	155,000	5.00%, 08/15/2036, Call 08/15/2027		160,219
	1,715,000	4.00%, 11/15/2042, Call 11/15/2027		1,698,377
	3,000,000	5.00%, 11/15/2048, Call 11/15/2027		3,081,013
		California Municipal Finance Authority
	905,000	5.00%, 10/1/2035, Call 08/8/2024		906,356
	1,000,000	5.00%, 02/1/2037, Call 02/1/2027		1,020,129
	50,000	5.00%, 10/1/2039, Call 10/1/20274		50,279
	850,000	5.00%, 06/1/2046, Call 06/1/2026		850,644
	1,000,000	4.00%, 12/31/2047, Call 06/30/20283		941,567
	1,000,000	California Pollution Control Financing Authority, 5.00%, 07/1/2037, Call 01/1/20253 4		1,003,819
		California School Finance Authority
	50,000	5.00%, 08/1/2036, Call 08/1/20254		50,935
	650,000	5.00%, 08/1/2036, Call 08/1/20254		656,101
	1,250,000	5.00%, 06/1/2040, Call 06/1/20274		1,019,511
	100,000	5.00%, 08/1/2041, Call 08/1/20254		101,869
	900,000	5.00%, 08/1/2041, Call 08/1/20254		904,676
	350,000	6.75%, 11/1/2045, Call 11/1/20244		351,478
	1,000,000	California State Public Works Board, 5.00%, 10/1/2039, Call 10/1/2024		1,002,773
		California Statewide Communities Development Authority
	1,500,000	5.25%, 12/1/2044, Call 12/1/2024		1,504,357
	1,000,000	5.50%, 12/1/2054, Call 12/1/2024		1,002,991
	1,000,000	5.50%, 12/1/2058, Call 06/1/20284		1,025,174
	200,000	City of Irvine, 5.00%, 09/2/2042, Call 09/2/2025		201,857
		City of Lathrop
	500,000	5.00%, 09/2/2040, Call 09/2/2025		502,612
	1,000,000	5.60%, 09/1/2049, Call 09/1/2026		1,013,403
		City of Los Angeles Department of Airports
	1,500,000	5.00%, 05/15/2034, Call 05/15/20283		1,563,395
	1,000,000	5.50%, 05/15/2035, Call 11/15/20313		1,137,016
	2,000,000	5.00%, 05/15/2048, Call 05/15/20293		2,062,744
	1,000,000	5.25%, 05/15/2048, Call 05/15/20283		1,032,471
	1,000,000	3.25%, 05/15/2049, Call 05/15/20323		804,142
	2,000,000	4.00%, 05/15/2051, Call 11/15/20313		1,876,574
	700,000	County of San Bernardino, 4.00%, 09/1/2042, Call 09/1/2024		647,540
	1,000,000	CSCDA Community Improvement Authority, 5.00%, 01/1/2054, Call 01/1/20314		828,605

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		CALIFORNIA (Continued)
$	1,470,000	Foothill-Eastern Transportation Corridor Agency, 4.00%, 01/15/2043, Call 01/15/2031	$	1,457,771
	2,000,000	Foothill-Eastern Transportation Corridor Agency, AGM, 0.00%, 01/15/2035		1,362,454
		Golden State Tobacco Securitization Corp.
	500,000	5.00%, 06/1/2051, Call 12/1/2031		518,343
	3,000,000	0.00%, 06/1/2066, Call 12/1/2031		334,859
	1,000,000	Independent Cities Finance Authority, 5.00%, 09/15/2036, Call 09/15/2025		1,012,185
	1,000,000	Jurupa Public Financing Authority, 5.00%, 09/1/2042, Call 09/1/2024		1,002,317
	1,250,000	Lodi Unified School District, 3.00%, 08/1/2046, Call 08/1/2030		1,031,127
	300,000	M-S-R Energy Authority, 7.00%, 11/1/2034		367,327
	1,000,000	Palo Alto Unified School District, 3.25%, 08/1/2042, Call 08/1/2030		902,892
	5,000,000	Palomar Health, AGC, 0.00%, 08/1/2032		3,609,008
	850,000	Peralta Community College District, AGM, 4.00%, 08/1/2039, Call 08/1/2025		850,636
	1,135,000	Pico Rivera Water Authority, NATL-RE, 5.50%, 05/1/2029		1,185,674
	1,000,000	Pittsburg Public Financing Authority, AGM, 4.13%, 08/1/2047, Call 08/1/2032		1,014,535
	500,000	Port of Los Angeles, 5.00%, 08/1/2031, Call 08/8/20243		500,421
	1,000,000	Poway Unified School District Public Financing Authority, BAM, 5.00%, 10/1/2041, Call 08/8/2024		1,000,714
	695,000	Riverside County Redevelopment Successor Agency, AGM, 5.00%, 10/1/2030, Call 10/1/2024		698,135
	750,000	Sacramento Area Flood Control Agency, 5.00%, 10/1/2041, Call 10/1/2026		772,814
	2,500,000	Sacramento City Financing Authority, AMBAC, 5.25%, 12/1/2026		2,630,008
	950,000	Sacramento City Unified School District, BAM, 5.50%, 08/1/2047, Call 08/1/2030		1,039,973
	1,660,000	San Bernardino County Financing Authority, NATL, 5.50%, 06/1/2037		1,692,117
	2,430,000	San Diego County Regional Airport Authority, 5.00%, 07/1/2048, Call 07/1/20333		2,559,798
	1,000,000	San Diego Public Facilities Financing Authority, 5.25%, 08/1/2048, Call 08/1/2033		1,134,413
	625,000	San Diego Unified School District, 0.00%, 07/1/2041, Call 07/1/2040		610,836
	1,000,000	San Francisco City & County Airport Commission-San Francisco International Airport, 5.00%, 05/1/2039, Call 05/1/20293		1,044,408
		San Francisco City & County Airport Comm-San Francisco International Airport
	1,125,000	5.25%, 05/1/2041, Call 05/1/20343		1,249,988
	1,410,000	5.25%, 05/1/2044, Call 05/1/20343		1,542,456
	2,100,000	San Joaquin Hills Transportation Corridor Agency, 5.00%, 01/15/2044, Call 01/15/2025		2,121,046
	475,000	San Joaquin Hills Transportation Corridor Agency, NATL-RE, 0.00%, 01/15/2034		328,448

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		CALIFORNIA (Continued)
$	965,000	San Marcos Public Facilities Authority, AGM, 5.00%, 09/1/2033, Call 09/1/2024	$	967,236
		Santa Ana Financing Authority, NATL-RE
	110,000	6.25%, 07/1/2024		110,000
	110,000	6.25%, 07/1/2024		110,000
	500,000	Santa Monica-Malibu Unified School District, 3.00%, 08/1/2044, Call 08/1/2029		421,899
	1,000,000	South Tahoe Joint Powers Financing Authority, AGM, 4.00%, 10/1/2034, Call 10/1/2024		1,000,165
		Southern California Public Power Authority
	565,000	5.00%, 11/1/2029		583,381
	1,390,000	5.00%, 11/1/2033		1,454,715
	1,250,000	Southwestern Community College District, 3.00%, 08/1/2041, Call 08/1/2031		1,095,920
		State of California
	500,000	5.00%, 09/1/2041, Call 09/1/2031		553,178
	1,000,000	5.00%, 04/1/2047, Call 04/1/2032		1,097,329
	100,000	Temecula Public Financing Authority, 5.75%, 09/1/2032, Call 09/1/20274		105,748
	1,100,000	University of California, 5.50%, 05/15/2040, Call 05/15/2033		1,290,252
	500,000	Yosemite Community College District, 0.00%, 08/1/2042		419,510
				80,209,778
		COLORADO — 3.6%
	1,000,000	Aerotropolis Regional Transportation Authority, 5.00%, 12/1/2051, Call 12/1/2024		966,585
	500,000	Broadway Station Metropolitan District No. 3, 5.00%, 12/1/2039, Call 08/8/2024		442,844
		Cathedral Pines Metropolitan District
	580,000	5.00%, 12/1/2031, Call 12/1/2026		587,839
	2,005,000	5.00%, 12/1/2046, Call 12/1/2026		2,012,344
		City & County of Denver Airport System Revenue
	1,000,000	5.50%, 11/15/2040, Call 11/15/20323		1,119,310
	1,000,000	5.75%, 11/15/2041, Call 11/15/20323		1,141,017
	2,000,000	5.00%, 12/1/2048, Call 12/1/20283		2,038,078
	1,000,000	City & County of Denver Co. Airport System Revenue, 5.00%, 11/15/2047, Call 11/15/20323		1,045,044
		Colorado Educational & Cultural Facilities Authority
	500,000	5.00%, 12/15/2028, Call 12/15/20254		504,230
	445,000	4.75%, 04/1/2030, Call 08/8/2024		445,218
	1,000,000	6.00%, 12/15/2037, Call 12/15/2024		1,030,091
	460,000	5.00%, 10/1/2039, Call 10/1/20274		463,254
	500,000	4.00%, 07/1/2041, Call 07/1/20314		435,387
		Colorado Educational & Cultural Facilities Authority, MORAL OBLG

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		COLORADO (Continued)
$	100,000	5.00%, 08/15/2034, Call 08/15/2024	$	100,127
	1,000,000	5.00%, 03/15/2035, Call 03/15/2030		1,056,674
	500,000	4.00%, 10/1/2039, Call 10/1/2024		475,803
		Colorado Health Facilities Authority
	500,000	5.00%, 01/15/2035, Call 01/15/2026		508,762
	500,000	5.00%, 06/1/2036, Call 06/1/2027		525,189
	1,000,000	4.00%, 08/1/2039, Call 08/1/2029		984,903
	500,000	8.00%, 08/1/2043, Call 08/8/2024		405,407
	2,000,000	4.00%, 11/15/2043, Call 11/15/2029		1,959,191
	2,000,000	5.00%, 05/15/2045, Call 05/15/2025		2,009,481
	2,000,000	4.00%, 08/1/2049, Call 08/1/2029		1,899,868
	500,000	4.00%, 05/15/2052, Call 05/15/2032		476,577
	500,000	5.25%, 11/1/2052, Call 11/1/2032		532,847
	1,000,000	Colorado Housing and Finance Authority, GNMA, 3.25%, 05/1/2052, Call 11/1/2030		972,820
	500,000	Copper Ridge Metropolitan District, 5.00%, 12/1/2039, Call 12/1/2024		478,302
	1,060,000	Dawson Trails Metropolitan District No. 1, 0.00%, 12/1/2031, Call 06/1/2026		578,622
	500,000	Denver Convention Center Hotel Authority, 5.00%, 12/1/2034, Call 12/1/2026		510,251
	1,470,000	Denver Health & Hospital Authority, 5.00%, 12/1/2039, Call 08/8/2024		1,470,148
	1,000,000	E-470 Public Highway Authority, NATL, 0.00%, 09/1/2037, Call 09/1/2026		527,457
	480,000	E-470 Public Highway Authority, NATL-RE, 0.00%, 09/1/2030		381,939
	2,000,000	Grand River Hospital District, AGM, 5.25%, 12/1/2030, Call 12/1/2028		2,120,827
	1,010,000	Harvest JCT Metropolitan District, 5.38%, 12/1/2037, Call 08/8/2024		1,010,491
	750,000	Heritage Todd Creek Metropolitan District, 6.13%, 12/1/2044, Call 12/1/2024		751,333
	1,790,000	Lincoln Park Metropolitan District, AGM, 5.00%, 12/1/2042, Call 12/1/2027		1,834,137
	770,000	North Range Metropolitan District No. 1, 5.00%, 12/1/2038, Call 12/1/2025		780,555
	1,000,000	Painted Prairie Public Improvement Authority, 5.00%, 12/1/2039, Call 12/1/2024		958,621
	425,000	Rampart Range Metropolitan District No. 1, AGM, 5.00%, 12/1/2042, Call 12/1/2027		434,529
	4,000,000	Regional Transportation District, 5.00%, 11/1/2041, Call 11/1/2026		4,086,250
	1,500,000	State of Colorado, 6.00%, 12/15/2041, Call 12/15/2032		1,782,120
	125,000	Sterling Hills West Metropolitan District, 5.00%, 12/1/2039, Call 12/1/2027		129,761
	1,000,000	Verve Metropolitan District No. 1, 5.00%, 12/1/2041, Call 03/1/2026		827,413
	575,000	Water Valley Metropolitan District No. 02, 5.25%, 12/1/2040, Call 12/1/2026		569,984
	1,000,000	Weld County School District No. RE-4, SAW, 5.25%, 12/1/2047, Call 12/1/2032		1,108,345
	1,000,000	Westminster Public Schools, AGM, 5.00%, 12/1/2048, Call 12/1/2028		1,033,835
				45,513,810

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		CONNECTICUT — 0.5%
$	500,000	Connecticut State Development Authority, 7.95%, 04/1/2026, Call 08/8/20243	$	500,168
		Connecticut State Health & Educational Facilities Authority
	375,000	5.00%, 06/1/2033, Call 06/1/2030		407,421
	1,500,000	4.00%, 07/1/2042, Call 07/1/2032		1,405,796
	300,000	4.45%, 07/1/2042, Call 07/8/20241		300,000
	1,000,000	Harbor Point Infrastructure Improvement District, 5.00%, 04/1/2039, Call 04/1/20274		1,003,956
	1,500,000	State of Connecticut Special Tax Revenue, 4.00%, 11/1/2039, Call 11/1/2031		1,524,650
	1,250,000	State of Connecticut Special Tax Revenue, AGM, 4.00%, 05/1/2038, Call 05/1/2031		1,284,899
				6,426,890
		DELAWARE — 0.2%
	1,000,000	Delaware State Economic Development Authority, 6.75%, 09/1/2035, Call 03/1/20254		1,020,762
	1,500,000	Delaware Transportation Authority, 5.00%, 06/1/2055, Call 06/1/2025		1,509,357
				2,530,119
		DISTRICT OF COLUMBIA — 1.1%
	1,000,000	District of Columbia Income Tax Revenue, 5.25%, 05/1/2048, Call 05/1/2033		1,107,202
		Metropolitan Washington Airports Authority
	1,520,000	4.00%, 10/1/2036, Call 10/1/20263		1,521,239
	1,820,000	5.00%, 10/1/2042, Call 10/1/20273		1,860,171
	655,000	5.00%, 10/1/2044, Call 10/8/20243		657,211
		Metropolitan Washington Airports Authority Aviation Revenue
	500,000	5.00%, 10/1/2046, Call 10/1/20313		521,072
	1,200,000	5.00%, 10/1/2049, Call 10/1/20293		1,232,312
	1,850,000	4.00%, 10/1/2051, Call 10/1/20313		1,732,175
		Metropolitan Washington Airports Authority Dulles Toll Road Revenue
	750,000	4.00%, 10/1/2035, Call 10/1/2029		762,186
	615,000	6.50%, 10/1/2041, Call 10/1/2026		658,311
	2,130,000	4.00%, 10/1/2049, Call 10/1/2029		2,007,523
	250,000	Tender Option Bond Trust Receipts/Certificates, 5.10%, 08/1/2063, Call 07/1/20371 4		250,000
		Washington Convention & Sports Authority
	500,000	4.00%, 10/1/2035, Call 10/1/2030		510,131
	875,000	4.00%, 10/1/2036, Call 10/1/2030		889,498
				13,709,031
		FLORIDA — 5.6%
	1,335,000	Alachua County Health Facilities Authority, 5.00%, 12/1/2044, Call 12/1/2024		1,335,836
	1,230,000	Boggy Creek Improvement District, 5.13%, 05/1/2043, Call 08/8/2024		1,229,999

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		FLORIDA (Continued)
$	100,000	Bonterra Community Development District, 4.13%, 05/1/2047, Call 05/1/2028	$	92,239
		Capital Trust Agency, Inc.
	200,000	4.38%, 06/15/20274		198,820
	510,000	5.35%, 07/1/2029, Call 08/8/2024		510,568
	95,000	Century Gardens at Tamiami Community Development District, 4.25%, 05/1/2037, Call 05/1/2026		91,036
	500,000	City of Atlantic Beach, 5.63%, 11/15/2043, Call 08/8/2024		500,454
	500,000	City of Fort Lauderdale, 5.00%, 07/1/2048, Call 07/1/2032		541,097
	2,435,000	City of Lakeland, 5.00%, 11/15/2045, Call 11/15/2024		2,441,149
	500,000	City of Lakeland Department of Electric Utilities, 5.00%, 10/1/2048		550,860
	425,000	City of Miami Beach, 5.25%, 05/1/2053, Call 05/1/2032		462,650
	450,000	City of Orlando Tourist Development Tax Revenue, AGM, 5.00%, 11/1/2033, Call 11/1/2027		468,080
		City of Tampa
	1,000,000	5.00%, 11/15/2046, Call 05/15/2026		1,010,945
	1,000,000	5.00%, 07/1/2050, Call 07/1/2030		1,029,409
	500,000	County of Bay, 5.00%, 09/1/2043, Call 08/8/2024		500,163
	2,000,000	County of Broward Port Facilities Revenue, 5.50%, 09/1/2052, Call 09/1/20323		2,142,136
	1,000,000	County of Broward Airport System Revenue, 5.00%, 10/1/2036, Call 10/1/20253		1,010,193
	1,000,000	County of Broward Tourist Development Tax Revenue, 4.00%, 09/1/2047, Call 09/1/2031		961,260
	2,350,000	County of Hillsborough, 5.00%, 10/1/2038, Call 10/1/2025		2,378,993
	650,000	County of Miami-Dade, 4.00%, 07/1/2042, Call 07/1/2028		648,043
	500,000	County of Miami-Dade Aviation Revenue, 5.00%, 10/1/2049, Call 10/1/20293		511,347
	1,000,000	County of Miami-Dade Seaport Department, AGM, 4.00%, 10/1/2039, Call 10/1/20313		983,018
		County of Miami-Dade Transit System
	2,000,000	4.00%, 07/1/2048, Call 07/1/2028		1,937,286
	1,500,000	4.00%, 07/1/2049, Call 07/1/2030		1,449,732
	175,000	County of Palm Beach, 5.00%, 04/1/2039, Call 04/1/20294		177,422
	375,000	County of Pasco, AGM, 5.50%, 09/1/2043, Call 03/1/2033		417,171
	1,000,000	County of Polk Utility System Revenue, 4.00%, 10/1/2043, Call 10/1/2030		991,876
		Florida Development Finance Corp.
	1,000,000	12.00%, 07/15/2032, Call 07/19/20241 3 4		1,064,895
	750,000	6.25%, 07/1/2034, Call 08/8/2024		750,518
	1,000,000	5.00%, 07/1/2041, Call 07/1/20323		1,036,715
	825,000	6.13%, 06/15/2046, Call 06/15/20254		831,426
	180,000	5.25%, 06/1/2054, Call 06/1/20344		184,042
	1,000,000	7.50%, 07/1/2057, Call 08/8/20241 3 4		1,017,837

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		FLORIDA (Continued)
$	1,935,000	8.25%, 07/1/2057, Call 07/19/20241 3 4	$	2,006,462
	3,125,000	Florida Development Finance Corp., AGM, 5.25%, 07/1/2047, Call 07/1/20323		3,291,406
	500,000	Florida Higher Educational Facilities Financial Authority, 4.50%, 06/1/2033, Call 06/1/20284		501,943
	1,000,000	FSU Financial Assistance, Inc., 5.00%, 10/1/2030, Call 08/8/2024		1,001,368
	500,000	Grand Bay at Doral Community Development District, 5.00%, 05/1/2039, Call 08/8/2024		500,120
		Greater Orlando Aviation Authority
	1,000,000	5.00%, 11/15/2036, Call 08/8/20243		1,000,424
	1,665,000	5.00%, 10/1/2046, Call 10/1/20263		1,713,516
	2,000,000	4.00%, 10/1/2052, Call 10/1/20313		1,865,026
	1,000,000	Hernando County School District, AGM, 5.00%, 07/1/2031, Call 07/1/2026		1,029,697
	2,000,000	Hillsborough County Aviation Authority, 5.00%, 10/1/2043, Call 10/1/20283		2,051,830
	2,000,000	Jacksonville Port Authority, 5.00%, 11/1/2044, Call 11/1/2028		2,085,313
		Lake Ashton Community Development District
	20,000	5.00%, 05/1/2025		20,129
	375,000	5.00%, 05/1/2037, Call 05/1/2025		376,415
	1,670,000	Lakeside Community Development District, 5.50%, 05/1/2035, Call 05/1/2025		1,682,367
		Lakewood Ranch Stewardship District
	1,250,000	5.13%, 05/1/2047, Call 05/1/20274		1,260,033
	1,000,000	3.88%, 05/1/2051, Call 05/1/20304		854,483
	1,000,000	Lakewood Ranch Stewardship District Utility Revenue, AGM, 5.25%, 10/1/2048, Call 10/1/2033		1,079,041
		Lee County Industrial Development Authority
	500,000	5.00%, 11/15/2039, Call 11/15/2026		521,968
	100,000	5.75%, 06/15/2042, Call 08/8/20244		100,021
	2,000,000	5.00%, 11/15/2044, Call 11/15/2026		2,058,687
	1,000,000	5.00%, 11/15/2049, Call 11/15/2026		1,019,749
	825,000	Majorca Isles Community Development District, 5.38%, 05/1/2035, Call 05/1/2026		836,486
	385,000	Mediterra South Community Development District, 5.00%, 05/1/2034, Call 08/8/2024		385,121
	1,000,000	Miami Beach Health Facilities Authority, 5.00%, 11/15/2039, Call 11/15/2024		1,001,911
		Miami-Dade County Industrial Development Authority
	630,000	5.00%, 09/15/2034, Call 09/15/2024		630,288
	330,000	5.25%, 09/15/2044, Call 09/15/2024		329,952
	105,000	5.00%, 09/15/2044, Call 09/15/20274		104,464
	680,000	Putnam County Development Authority, 5.00%, 03/15/2042, Call 05/1/2028		697,218
	1,500,000	Reedy Creek Improvement District, 5.00%, 06/1/2035, Call 06/1/2026		1,530,620

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		FLORIDA (Continued)
$	1,535,000	South Miami Health Facilities Authority, 5.00%, 08/15/2047, Call 08/15/2027	$	1,553,696
	1,250,000	State of Florida, 3.10%, 06/1/2028, Call 06/1/2025		1,223,963
	100,000	Stonebrier Community Development District, 4.00%, 05/1/2037, Call 05/1/2026		100,106
	2,000,000	Town of Davie, 5.00%, 04/1/2048, Call 04/1/2028		2,048,428
	135,000	Turtle Run Community Development District, 5.00%, 05/1/2037, Call 05/1/20284		137,405
	445,000	Verandah West Community Development District, 5.00%, 05/1/2033, Call 08/8/2024		445,195
	1,000,000	Wildwood Utility Dependent District, AGM, 5.50%, 10/1/2053, Call 04/1/2033		1,102,988
		Wildwood Utility Dependent District, BAM
	750,000	5.00%, 10/1/2036, Call 10/1/2031		834,294
	1,000,000	5.00%, 10/1/2046, Call 10/1/2031		1,057,810
	875,000	Windward at Lakewood Ranch Community Development District, 4.00%, 05/1/2042, Call 05/1/2032		764,034
				70,261,192
		GEORGIA — 2.5%
	1,100,000	Board of Water Light & Sinking Fund Commissioners of The City of Dalton, 4.00%, 03/1/2039, Call 03/1/2030		1,106,628
	1,000,000	Brookhaven Development Authority, 4.00%, 07/1/2044, Call 07/1/2029		985,066
	2,000,000	Brookhaven Urban Redevelopment Agency, 4.00%, 07/1/2044, Call 07/1/2033		2,009,027
		Burke County Development Authority
	500,000	2.20%, 10/1/2032, Call 11/19/2026		408,534
	1,000,000	4.13%, 11/1/2045, Call 02/1/2028		913,483
	500,000	Fulton County Development Authority, 5.00%, 04/1/2037, Call 04/1/2027		515,340
		George L Smith II Congress Center Authority
	500,000	5.00%, 01/1/2054, Call 01/1/20314		465,353
	1,000,000	4.00%, 01/1/2054, Call 01/1/2031		883,628
	1,000,000	Georgia Housing & Finance Authority, 4.70%, 12/1/2054, Call 06/1/2033		1,004,562
	1,100,000	Georgia Municipal Association, Inc., 4.00%, 12/1/2024		1,102,275
	750,000	Georgia Ports Authority, 5.00%, 07/1/2047, Call 07/1/2032		810,967
	250,000	Macon-Bibb County Urban Development Authority, 5.00%, 06/15/20274		253,534
		Main Street Natural Gas, Inc.
	1,470,000	5.00%, 05/15/2034, Call 05/15/2029		1,519,011
	1,000,000	5.00%, 05/15/2043, Call 05/15/2029		1,025,378
	1,000,000	5.00%, 05/15/2049		1,074,998
	1,350,000	4.00%, 07/1/2052, Call 06/1/20271		1,355,914
	3,000,000	4.00%, 08/1/2052, Call 05/1/20271 4		2,962,085
	1,000,000	5.00%, 12/1/2052, Call 03/1/20291		1,048,852

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		GEORGIA (Continued)
$	1,000,000	5.00%, 06/1/2053, Call 03/1/20301	$	1,057,641
	2,000,000	5.00%, 12/1/2053, Call 03/1/20311		2,139,255
	2,000,000	5.00%, 05/1/2054, Call 09/1/20301		2,119,760
	1,000,000	5.00%, 05/1/2054, Call 06/1/20311		1,062,438
	1,000,000	5.00%, 12/1/2054, Call 12/1/20311		1,060,247
		Municipal Electric Authority of Georgia
	750,000	5.00%, 07/1/2052, Call 07/1/2032		783,657
	200,000	5.00%, 01/1/2056, Call 01/1/2030		205,745
	1,000,000	5.00%, 01/1/2063, Call 07/1/2028		1,018,990
	1,335,000	Municipal Electric Authority of Georgia, AGM, 5.00%, 07/1/2055, Call 01/1/2033		1,399,378
	1,000,000	Private Colleges & Universities Authority, 5.25%, 10/1/2051, Call 10/1/2032		1,059,975
				31,351,721
		GUAM — 0.1%
	1,000,000	Guam Government Waterworks Authority, 5.00%, 07/1/2035		1,000,000
	250,000	Territory of Guam, 4.00%, 01/1/2042, Call 01/1/2031		241,340
				1,241,340
		HAWAII — 0.1%
	1,000,000	State of Hawaii Airports System Revenue, 5.00%, 07/1/2048, Call 07/1/20283		1,017,801
		IDAHO — 0.1%
	300,000	Idaho Health Facilities Authority, 4.38%, 07/1/2034, Call 08/8/2024		300,091
		Idaho Housing & Finance Association
	370,000	6.00%, 07/1/2039, Call 07/1/20284		383,536
	415,000	6.00%, 07/1/2049, Call 07/1/20284		425,348
	565,000	6.00%, 07/1/2054, Call 07/1/20284		577,457
				1,686,432
		ILLINOIS — 9.2%
		Chicago Board of Education
	100,000	5.75%, 04/1/2034, Call 04/1/2027		105,466
	1,000,000	6.10%, 04/1/2036, Call 04/1/2027		1,064,358
	1,000,000	5.00%, 12/1/2036, Call 12/1/2030		1,040,026
	180,000	5.00%, 04/1/2037, Call 04/1/2027		184,817
	500,000	5.00%, 04/1/2038, Call 04/1/2028		518,704
	500,000	5.25%, 12/1/2039, Call 12/1/2024		500,116
	1,000,000	5.00%, 12/1/2040, Call 12/1/2030		1,024,414
	575,000	5.00%, 12/1/2042, Call 08/8/2024		574,962
	1,950,000	7.00%, 12/1/2044, Call 12/1/2025		2,013,375
	1,100,000	6.00%, 04/1/2046, Call 04/1/2027		1,152,580
	1,000,000	5.00%, 12/1/2046, Call 08/8/2024		999,918

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		ILLINOIS (Continued)
$	1,900,000	Chicago Board of Education Dedicated Capital Improvement Tax, 5.75%, 04/1/2048, Call 04/1/2033	$	2,116,593
		Chicago O'Hare International Airport
	625,000	4.00%, 01/1/2029, Call 08/8/20243		621,204
	1,000,000	3.88%, 01/1/2032, Call 08/8/2024		1,000,102
	500,000	5.00%, 07/1/2033, Call 07/1/20283		513,903
	2,500,000	5.00%, 01/1/2046, Call 01/1/2025		2,503,593
	1,000,000	5.00%, 01/1/2048, Call 01/1/20293		1,012,095
	1,000,000	Chicago O'Hare International Airport, AGM, 5.50%, 01/1/2053, Call 01/1/20313		1,066,418
	680,000	Chicago Park District, 5.00%, 11/15/2024		682,962
	2,500,000	Chicago Transit Authority, 5.00%, 12/1/2046, Call 12/1/2026		2,532,414
	1,500,000	Chicago Transit Authority Sales Tax Receipts Fund, 5.00%, 12/1/2055, Call 12/1/2029		1,538,090
	1,885,000	Chicago Transit Authority Sales Tax Receipts Fund, BAM, 5.00%, 12/1/2046, Call 12/1/2031		1,996,264
		City of Chicago
	1,000,000	5.00%, 01/1/2027		1,029,318
	1,835,000	5.00%, 01/1/2034, Call 01/1/2031		1,965,764
	880,000	6.00%, 01/1/2038, Call 01/1/2027		915,745
	500,000	5.50%, 01/1/2040, Call 01/1/2025		501,400
		City of Chicago Wastewater Transmission Revenue
	665,000	5.00%, 01/1/2034, Call 01/1/2025		667,947
	3,000,000	5.00%, 01/1/2039, Call 07/16/2024		3,001,571
	1,650,000	5.00%, 01/1/2039, Call 01/1/2025		1,654,901
	1,000,000	City of Chicago Waterworks Revenue, 5.00%, 11/1/2044, Call 11/1/2024		1,001,767
	1,000,000	City of Chicago Waterworks Revenue, AGM, 5.00%, 11/1/2028, Call 11/1/2024		1,005,435
	750,000	City of Naperville, 4.00%, 12/1/2041, Call 12/1/2033		764,689
	1,250,000	Cook County Community College District No. 508, BAM, 5.00%, 12/1/2039, Call 12/1/2033		1,359,547
	1,270,000	County of Cook, 5.00%, 11/15/2032, Call 11/15/2030		1,389,860
		County of Cook Sales Tax Revenue
	1,200,000	5.00%, 11/15/2033, Call 11/15/2027		1,253,402
	1,000,000	5.00%, 11/15/2038, Call 11/15/2030		1,072,211
		Illinois Educational Facilities Authority
	2,000,000	4.50%, 11/1/2036, Call 11/1/2024		2,000,706
	570,000	3.90%, 11/1/2036, Call 11/1/2027		575,535
		Illinois Finance Authority
	700,000	5.00%, 08/1/2026		712,968
	425,000	5.00%, 08/1/2027		436,994
	500,000	5.00%, 08/1/2028, Call 08/1/2027		514,417

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		ILLINOIS (Continued)
$	670,000	5.00%, 03/1/2033, Call 03/1/2027	$	685,399
	315,000	5.00%, 02/15/2034, Call 02/15/2027		326,578
	500,000	5.00%, 03/1/2034, Call 03/1/2027		512,056
	2,000,000	4.00%, 07/1/2034, Call 01/1/2026		2,007,392
	1,420,000	4.00%, 08/1/2036, Call 08/1/2031		1,412,966
	225,000	5.00%, 02/15/2037, Call 08/15/2027		227,252
	1,695,000	4.00%, 07/1/2038, Call 07/1/2029		1,716,021
	1,000,000	4.00%, 07/15/2039, Call 07/15/2031		1,001,473
	885,000	5.00%, 12/1/2040, Call 06/1/2026		896,363
	550,000	5.00%, 09/1/2042, Call 09/1/2024		551,107
	1,000,000	4.00%, 08/1/2043, Call 08/1/2031		937,092
	1,590,000	5.00%, 06/1/2044, Call 12/1/2032		1,684,462
	1,000,000	5.00%, 08/15/2044, Call 08/15/2025		1,005,122
	2,000,000	5.00%, 02/15/2045, Call 02/15/2026		2,017,416
	1,925,000	5.00%, 09/1/2046, Call 09/1/2026		1,933,090
	2,100,000	5.00%, 02/15/2047, Call 08/15/2027		2,088,618
	1,250,000	4.00%, 07/15/2047, Call 01/15/2028		1,184,567
	1,000,000	5.00%, 12/1/2047, Call 12/1/2027		1,005,207
	4,330,000	5.25%, 05/15/2048, Call 05/15/2033		4,778,789
	1,250,000	4.00%, 08/15/2048, Call 08/15/2031		1,186,561
	1,000,000	Illinois Municipal Electric Agency, 4.00%, 02/1/2034, Call 08/1/2025		984,871
	3,000,000	Illinois Sports Facilities Authority, 5.25%, 06/15/2032, Call 08/5/2024		3,009,365
		Illinois State Toll Highway Authority
	1,000,000	5.00%, 01/1/2040, Call 01/1/2031		1,094,075
	625,000	5.00%, 01/1/2040, Call 07/1/2025		629,567
	1,000,000	4.00%, 01/1/2046, Call 01/1/2032		966,929
	1,500,000	5.00%, 01/1/2046, Call 01/1/2032		1,613,377
	1,000,000	Illinois State University, AGM, 5.00%, 04/1/2033, Call 04/1/2028		1,056,783
	1,830,000	Lake County Community High School District No. 115, 4.25%, 11/1/2043, Call 11/1/2032		1,865,101
	1,000,000	Macon County School District No. 61 Decatur, AGM, 4.00%, 01/1/2040, Call 01/1/2027		992,489
		Metropolitan Pier & Exposition Authority
	500,000	4.00%, 12/15/2042, Call 12/15/2031		493,351
	1,355,000	5.00%, 06/15/2050, Call 12/15/2029		1,400,914
	530,000	5.00%, 06/15/2057, Call 12/15/2027		538,955
		Metropolitan Pier & Exposition Authority, NATL
	1,000,000	0.00%, 06/15/2029		818,977
	3,300,000	0.00%, 12/15/2030		2,539,796
	1,905,000	Metropolitan Water Reclamation District of Greater Chicago, 5.00%, 12/1/2041, Call 12/1/2026		1,938,672

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		ILLINOIS (Continued)
$	1,000,000	Round Lake Lakewood Grove Special Service Area No. 3 & 4, BAM, 4.00%, 03/1/2033, Call 03/1/2027	$	1,010,479
		Sales Tax Securitization Corp.
	735,000	5.00%, 01/1/2028		774,730
	2,000,000	5.00%, 01/1/2034, Call 01/1/2028		2,098,998
	500,000	4.00%, 01/1/2038, Call 01/1/2030		501,846
	750,000	Sangamon Logan & Menard Counties Community Unit School Dist No. 15 Williamsville, BAM, 4.00%, 12/1/2039, Call 12/1/2029		738,128
		State of Illinois
	750,000	5.00%, 02/1/2025		755,504
	1,000,000	5.00%, 11/1/2026		1,032,598
	1,000,000	5.00%, 10/1/2031, Call 10/1/2030		1,081,383
	2,000,000	3.00%, 06/15/2033, Call 06/15/2026		1,844,298
	660,000	5.00%, 03/1/2036, Call 03/1/2031		713,787
	1,000,000	4.25%, 12/1/2037, Call 12/1/2027		1,002,972
	1,500,000	5.00%, 02/1/2039, Call 08/8/2024		1,499,980
	1,000,000	5.50%, 03/1/2042, Call 03/1/2032		1,107,527
	500,000	5.00%, 03/1/2046, Call 03/1/2031		521,654
	2,000,000	State of Illinois, BAM, 4.00%, 06/15/2030, Call 06/15/2026		2,017,498
	1,500,000	University of Illinois, AGM, 4.00%, 04/1/2036, Call 04/1/2028		1,504,187
	615,000	Upper Illinois River Valley Development Authority, 5.00%, 01/1/2045, Call 01/1/20274		603,404
	1,500,000	Village of Morton Grove Tax Increment Revenue, 5.00%, 01/1/2039, Call 01/1/2026		1,426,723
		Will County Community High School District No. 210 Lincoln-Way, BAM
	550,000	0.00%, 01/1/2031		424,979
	250,000	0.00%, 01/1/2032		185,033
	665,000	Wonder Lake Village Special Service Area No. 1, 4.50%, 03/1/2034, Call 03/1/2025		614,585
				115,147,597
		INDIANA — 0.7%
	1,450,000	City of Fishers Sewage Works Revenue, BAM, 4.00%, 07/1/2047, Call 07/1/2031		1,386,520
		Indiana Finance Authority
	1,000,000	3.00%, 11/1/2030		938,158
	1,000,000	3.00%, 11/1/2030		938,158
	3,000,000	4.00%, 11/1/2033, Call 11/1/2027		3,021,336
	1,000,000	5.00%, 10/1/2053, Call 10/1/2033		1,064,901
	1,325,000	Michigan City School Building Corp., 5.00%, 01/15/2025		1,327,521
	500,000	Town of Shoals, 7.25%, 11/1/2043, Call 08/8/20243		500,916
				9,177,510

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		IOWA — 0.3%
		Iowa Finance Authority
$	1,520,000	4.75%, 08/1/2042, Call 08/8/2024	$	1,512,640
	1,000,000	5.00%, 12/1/2050, Call 12/1/2029		1,060,560
	4,655,000	Iowa Tobacco Settlement Authority, 0.00%, 06/1/2065, Call 06/1/2031		600,090
	500,000	PEFA, Inc., 5.00%, 09/1/2049, Call 06/1/20261		509,958
				3,683,248
		KANSAS — 0.1%
	640,000	City of Topeka Combined Utility Revenue, 4.00%, 08/1/2048, Call 08/1/2026		606,711
	1,000,000	Johnson County Unified School District No. 512 Shawnee Mission, 4.00%, 10/1/2043, Call 10/1/2033		998,460
				1,605,171
		KENTUCKY — 0.9%
	1,250,000	County of Warren, 5.25%, 04/1/2049, Call 04/1/2034		1,357,350
		Kentucky Economic Development Finance Authority
	200,000	5.00%, 06/1/2037, Call 06/1/2027		203,630
	1,100,000	5.00%, 07/1/2040, Call 07/1/2025		1,103,091
	1,350,000	5.00%, 06/1/2045, Call 06/1/2027		1,356,642
	765,000	Kentucky Municipal Power Agency, NATL, 5.00%, 09/1/2032, Call 09/1/2026		780,073
	2,600,000	Kentucky Public Energy Authority, 4.00%, 01/1/2049, Call 07/11/20241		2,606,539
		Louisville/Jefferson County Metropolitan Government
	1,500,000	5.00%, 10/1/2042, Call 10/1/2033		1,599,200
	1,500,000	5.00%, 05/15/2052, Call 05/15/2032		1,552,130
	1,000,000	Paducah Electric Plant Board, AGM, 5.00%, 10/1/2035, Call 10/1/2026		1,022,484
				11,581,139
		LOUISIANA — 1.3%
	1,165,000	Ascension Parish Industrial Development Board, Inc., 6.00%, 07/1/2036, Call 08/8/2024		1,165,510
	1,500,000	Jefferson Sales Tax District, AGM, 5.00%, 12/1/2037, Call 12/1/2027		1,562,876
	1,000,000	Louisiana Offshore Terminal Authority, 4.20%, 09/1/20341		1,008,863
	1,205,000	Louisiana Local Government Environmental Facilities & Community Development Authority, 5.00%, 10/1/2041, Call 10/1/2027		1,226,008
	1,000,000	Louisiana Local Government Environmental Facilities & Community Development Authority, AGM, 5.00%, 10/1/2043, Call 10/1/2027		1,021,436
		Louisiana Public Facilities Authority
	500,000	8.13%, 12/15/2033, Call 08/8/2024		500,591
	1,000,000	5.00%, 05/15/2035, Call 05/15/2025		1,008,933
	885,000	6.50%, 07/1/2036, Call 08/8/20243 4		885,371
	1,400,000	5.00%, 07/1/2042, Call 07/1/2027		1,432,716
	1,500,000	5.25%, 10/1/2053, Call 04/1/2033		1,565,386
	1,000,000	Louisiana Stadium & Exposition District, 5.25%, 07/1/2053, Call 07/1/2033		1,079,795

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		LOUISIANA (Continued)
		New Orleans Aviation Board
$	500,000	5.00%, 10/1/2035, Call 10/1/2028	$	528,113
	1,500,000	5.00%, 01/1/2048, Call 01/1/20273		1,507,036
	1,260,000	Port New Orleans Board of Commissioners, AGM, 5.00%, 04/1/2038, Call 04/1/20283		1,304,600
				15,797,234
		MAINE — 0.5%
	1,615,000	Maine Health & Higher Educational Facilities Authority, 5.00%, 07/1/2035, Call 07/1/2027		1,678,964
		Maine Health & Higher Educational Facilities Authority, AGM
	500,000	4.00%, 07/1/2036, Call 07/1/2031		507,063
	500,000	4.00%, 07/1/2039, Call 07/1/2031		502,407
		Maine Health & Higher Educational Facilities Authority, ST INTERCEPT ST RES FD GTY
	50,000	5.00%, 07/1/2028, Call 07/1/2027		52,380
	950,000	5.00%, 07/1/2028, Call 07/1/2027		987,234
	1,510,000	Maine Municipal Bond Bank, 5.00%, 11/1/2031, Call 11/1/2027		1,598,364
	500,000	Town of Rumford, 6.88%, 10/1/2026, Call 08/8/20243		501,031
				5,827,443
		MARYLAND — 1.9%
		City of Baltimore
	2,500,000	5.00%, 07/1/2036, Call 01/1/2027		2,589,738
	1,500,000	5.00%, 09/1/2042, Call 09/1/2027		1,428,760
	1,000,000	5.00%, 07/1/2049, Call 07/1/2029		1,044,995
	1,250,000	County of Frederick, 1.75%, 10/1/2036, Call 10/1/2031		931,956
	1,330,000	County of Prince George's, 7.00%, 08/1/2048, Call 11/1/2026		1,430,537
	1,600,000	Howard County Housing Commission, 5.00%, 06/1/2044, Call 08/8/2024		1,600,604
	1,000,000	Maryland Economic Development Corp., 5.00%, 06/1/2049, Call 06/1/20293		1,021,433
		Maryland Health & Higher Educational Facilities Authority
	1,085,000	5.00%, 08/15/2032, Call 02/15/2025		1,092,756
	2,700,000	5.00%, 08/15/2038, Call 07/29/2024		2,702,170
	1,000,000	5.00%, 07/1/2040, Call 07/1/2025		1,005,118
	1,350,000	5.00%, 08/15/2042, Call 02/15/2025		1,355,779
	1,065,000	5.00%, 05/15/2045, Call 05/15/2027		1,089,726
	500,000	5.00%, 07/1/2045, Call 07/1/2025		501,614
	1,000,000	4.00%, 07/1/2048, Call 01/1/2028		946,924
	1,000,000	4.00%, 04/15/2050, Call 04/15/2030		937,952
	1,000,000	Maryland State Transportation Authority Passenger Facility Charge Revenue, 4.00%, 06/1/2039, Call 06/1/20293		982,356
	1,080,000	Montgomery County Housing Opportunities Commission, 3.30%, 07/1/2039, Call 01/1/20283		961,245

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		MARYLAND (Continued)
$	1,000,000	University System of Maryland, 4.00%, 04/1/2051, Call 04/1/2031	$	966,189
	1,000,000	Washington Suburban Sanitary Commission, County Guarantee, 4.00%, 06/1/2049, Call 06/1/2033		997,119
				23,586,971
		MASSACHUSETTS — 0.5%
	645,000	City of Somerville, 2.13%, 10/15/2039, Call 10/15/2029		483,853
	120,000	Collegiate Charter School of Lowell, 5.00%, 06/15/2039, Call 06/15/2026		120,974
	500,000	Commonwealth of Massachusetts, 5.00%, 01/1/2054, Call 01/1/2034		538,532
		Massachusetts Development Finance Agency
	1,000,000	5.00%, 08/15/2045, Call 08/15/2025		1,004,184
	1,000,000	5.00%, 07/1/2047, Call 07/1/2026		1,013,052
	1,200,000	5.25%, 07/1/2048, Call 07/1/2033		1,286,313
	745,000	5.00%, 07/1/2054, Call 01/1/2034		793,926
		Massachusetts Educational Financing Authority
	1,000,000	5.00%, 07/1/20283		1,033,982
	200,000	4.25%, 07/1/2046, Call 07/1/20263		184,752
				6,459,568
		MICHIGAN — 2.3%
	500,000	Detroit Downtown Development Authority, AGM, 5.00%, 07/1/2043, Call 09/25/2024		501,537
		Great Lakes Water Authority Sewage Disposal System Revenue
	1,000,000	5.00%, 07/1/2035, Call 07/1/2026		1,021,060
	1,000,000	5.25%, 07/1/2052, Call 07/1/2032		1,089,115
	1,000,000	5.50%, 07/1/2052, Call 07/1/2032		1,097,503
	400,000	Lansing Board of Water & Light, 5.25%, 07/1/2054, Call 07/1/2034		443,446
		Michigan Finance Authority
	200,000	5.00%, 06/1/2029, Call 08/8/2024		178,528
	1,165,000	5.00%, 07/1/2031, Call 08/8/2024		1,165,890
	2,500,000	5.00%, 10/1/2033, Call 10/1/2024		2,506,227
	1,000,000	5.00%, 07/1/2034, Call 07/1/2025		1,009,953
	1,000,000	5.00%, 07/1/2035, Call 07/1/2025		1,010,932
	1,270,000	5.00%, 09/1/2038, Call 09/1/2031		1,340,287
	1,000,000	5.00%, 07/1/2039, Call 08/8/2024		1,000,504
	1,000,000	5.00%, 11/15/2041, Call 11/15/2026		1,016,962
	2,000,000	4.00%, 02/15/2044, Call 08/15/2029		1,945,721
	950,000	4.00%, 12/1/2047, Call 12/1/2031		905,628
	1,000,000	5.00%, 11/15/2048, Call 11/2/2029		1,035,785
	1,000,000	4.00%, 12/1/2049, Call 12/1/2029		946,848
	1,000,000	4.38%, 02/28/2054, Call 02/28/2034		988,225
	1,450,000	Michigan Finance Authority, NATL, 5.00%, 07/1/2036, Call 07/23/2024		1,451,116
	1,000,000	Michigan Finance Authority, SAW, 4.00%, 11/1/2048, Call 11/1/2028		945,523

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		MICHIGAN (Continued)
$	3,000,000	Michigan State Building Authority, 5.00%, 04/15/2041, Call 10/15/2026	$	3,078,584
	1,250,000	Michigan State Housing Development Authority, 2.13%, 10/1/2036, Call 10/1/2030		986,221
	1,000,000	Okemos Public Schools, Q-SBLF, 5.00%, 05/1/2054, Call 05/1/2034		1,080,908
	250,000	Renaissance Public School Academy, 6.00%, 05/1/2037, Call 08/8/2024		250,123
	890,000	State of Michigan Trunk Line Revenue, 4.00%, 11/15/2046, Call 11/15/2031		866,897
	1,500,000	Wayne County Airport Authority, 5.00%, 12/1/2037, Call 12/1/2027		1,562,595
				29,426,118
		MINNESOTA — 0.4%
	250,000	City of Deephaven, 5.25%, 07/1/2040, Call 07/1/2025		252,227
	70,000	City of Minneapolis, 5.00%, 12/1/2037, Call 12/1/20274		70,521
	1,720,000	City of Shakopee Senior Housing Revenue, 5.85%, 11/1/2058, Call 05/1/20251 4		1,685,047
	1,000,000	Duluth Economic Development Authority, 5.25%, 02/15/2058, Call 02/15/2028		1,023,208
	1,250,000	Minnesota Agricultural & Economic Development Board, 5.25%, 01/1/2047, Call 01/1/2034		1,369,485
	1,000,000	Spring Lake Park Independent School District No. 16, School District Credit Program, 5.00%, 02/1/2028		1,065,092
				5,465,580
		MISSOURI — 0.8%
	75,000	Cape Girardeau County Industrial Development Authority, 4.00%, 03/1/2046, Call 03/1/2031		71,650
		Hannibal Industrial Development Authority
	640,000	5.00%, 10/1/2042, Call 10/1/2027		645,806
	445,000	5.00%, 10/1/2047, Call 10/1/2027		445,739
		Health & Educational Facilities Authority of the State of Missouri
	1,000,000	5.00%, 11/15/2043, Call 05/15/2028		1,028,787
	350,000	4.00%, 11/15/2049, Call 11/15/2027		329,669
	1,175,000	5.00%, 12/1/2052, Call 12/1/2033		1,244,332
	1,000,000	4.00%, 06/1/2053, Call 06/1/2030		955,785
		Kansas City Industrial Development Authority
	980,000	5.00%, 03/1/2037, Call 03/1/20293		1,020,941
	1,020,000	5.00%, 03/1/2039, Call 03/1/20293		1,055,522
	1,400,000	Metropolitan St. Louis Sewer District, 5.00%, 05/1/2033, Call 05/1/2025		1,414,633
	1,285,000	Missouri Housing Development Commission, GNMA/FNMA/FHLMC, 4.65%, 11/1/2049, Call 05/1/2033		1,277,815
	500,000	St. Charles County School District No. R-IV Wentzville, State Aid Direct Deposit, 1.88%, 03/1/2040, Call 03/1/2028		345,638
				9,836,317

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		NEBRASKA — 0.3%
$	1,000,000	Lyons-Decatur Northeast Schools, AGM, 5.50%, 12/15/2052, Call 07/15/2027	$	1,039,900
		Omaha Public Power District
	2,000,000	5.25%, 02/1/2052, Call 02/1/2032		2,180,735
	750,000	5.50%, 02/1/2054, Call 08/1/2033		840,578
				4,061,213
		NEVADA — 1.0%
	240,000	City of Carson City, 5.00%, 09/1/2037, Call 09/1/2027		245,703
	625,000	Clark County School District, AGM, 5.00%, 06/15/2025		634,627
		County of Clark
	500,000	2.10%, 06/1/2031		431,433
	1,520,000	5.00%, 06/1/2043, Call 06/1/2028		1,595,933
	1,000,000	Henderson Public Improvement Trust, 5.50%, 01/1/2034		1,000,000
		Las Vegas Convention & Visitors Authority
	1,000,000	5.00%, 07/1/2043, Call 07/1/2028		1,039,075
	750,000	4.00%, 07/1/2049, Call 07/1/2028		709,335
		Las Vegas Valley Water District
	1,000,000	5.00%, 06/1/2033, Call 12/1/2024		1,006,413
	2,025,000	5.00%, 06/1/2039, Call 12/1/2024		2,032,454
	2,000,000	5.00%, 06/1/2041, Call 06/1/2026		2,044,169
	1,300,000	4.00%, 06/1/2046, Call 12/1/2031		1,278,652
	595,000	State of Nevada Department of Business & Industry, 5.00%, 12/15/2035, Call 12/15/20254		598,883
				12,616,677
		NEW HAMPSHIRE — 0.5%
		New Hampshire Business Finance Authority
	1,000,000	4.50%, 10/1/2033		1,028,445
	466,403	4.13%, 01/20/2034		457,962
	748,009	4.25%, 07/20/2041		732,528
	1,000,000	New Hampshire Business Finance Authority, BAM, 5.25%, 06/1/2051, Call 06/1/2033		1,080,997
		New Hampshire Health and Education Facilities Authority Act
	1,120,000	5.00%, 07/1/2037, Call 07/1/2027		1,139,212
	215,000	5.00%, 08/1/2037, Call 02/1/2028		222,967
	1,000,000	New Hampshire Health and Education Facilities Authority Act, BAM, 5.25%, 07/1/2048, Call 07/1/2033		1,093,806
				5,755,917
		NEW JERSEY — 2.4%
		New Jersey Economic Development Authority
	890,000	3.13%, 07/1/2029, Call 07/1/2027		845,679

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		NEW JERSEY (Continued)
$	1,000,000	3.38%, 07/1/2030, Call 07/1/2027	$	951,889
	100,000	5.00%, 07/15/2032, Call 07/15/2027		102,966
	500,000	5.00%, 07/1/2033, Call 07/1/2027		510,223
	280,000	6.00%, 10/1/2034, Call 10/1/20244		280,731
	880,000	5.00%, 06/15/2036, Call 12/15/2026		918,763
	1,050,000	5.25%, 06/15/2040, Call 06/15/2025		1,070,084
	350,000	6.30%, 10/1/2049, Call 10/1/20244		350,756
	1,000,000	New Jersey Educational Facilities Authority, 5.00%, 06/15/2025, Call 08/8/2024		1,000,863
		New Jersey Health Care Facilities Financing Authority
	1,000,000	5.00%, 07/1/2043, Call 07/1/2026		1,016,264
	1,175,000	5.00%, 07/1/2046, Call 07/1/2025		1,181,052
	750,000	4.25%, 07/1/2054, Call 07/1/2034		739,206
		New Jersey Higher Education Student Assistance Authority
	500,000	5.00%, 12/1/2028, Call 06/1/20283		515,306
	855,000	4.25%, 12/1/2047, Call 12/1/20263		822,845
	3,595,000	New Jersey Housing & Mortgage Finance Agency, 3.15%, 10/1/20243		3,582,755
		New Jersey Transportation Trust Fund Authority
	1,800,000	0.00%, 12/15/2030		1,414,591
	1,850,000	5.00%, 12/15/2035, Call 12/15/2028		1,952,901
	500,000	5.00%, 06/15/2040, Call 12/15/2030		536,716
	500,000	4.00%, 06/15/2042, Call 06/15/2032		493,449
	2,000,000	5.25%, 06/15/2043, Call 12/15/2028		2,089,960
	805,000	5.00%, 06/15/2044, Call 08/5/2024		805,217
	3,800,000	5.00%, 06/15/2048, Call 12/15/2032		4,056,596
	250,000	5.50%, 06/15/2050, Call 12/15/2032		275,808
	1,750,000	New Jersey Turnpike Authority, 5.25%, 01/1/2052, Call 01/1/2033		1,915,301
	1,000,000	South Jersey Port Corp., 5.00%, 01/1/2037, Call 01/1/20283		1,040,575
	350,000	South Jersey Transportation Authority, 5.00%, 11/1/2041, Call 11/1/2032		373,057
	1,610,000	Tobacco Settlement Financing Corp., 5.00%, 06/1/2036, Call 06/1/2028		1,689,807
				30,533,360
		NEW MEXICO — 0.1%
	810,000	Mesa Del Sol Public Improvement District No. 1, 7.00%, 10/1/2033, Call 08/8/2024		809,871
	1,020,000	Volterra Public Improvement District, 6.75%, 10/1/2033, Call 10/1/2024		1,022,145
				1,832,016
		NEW YORK — 7.0%
		City of New York
	1,000,000	5.25%, 09/1/2042, Call 09/1/2032		1,117,803
	4,400,000	5.25%, 03/1/2053, Call 03/1/2034		4,860,443
	750,000	County of Orange, 2.38%, 06/15/2029, Call 08/8/2024		685,199

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		NEW YORK (Continued)
		Hempstead Town Local Development Corp.
$	1,000,000	5.66%, 02/1/2044, Call 02/1/2030	$	958,859
	1,000,000	6.24%, 02/1/2047, Call 02/1/2027		1,003,235
	1,000,000	4.60%, 02/1/2051, Call 02/1/2030		785,208
		Metropolitan Transportation Authority
	1,000,000	5.25%, 11/15/2031, Call 11/15/2025		1,021,242
	1,000,000	5.50%, 11/15/2047, Call 05/15/2034		1,118,034
	2,000,000	5.25%, 11/15/2049, Call 05/15/2034		2,179,280
	2,000,000	Metropolitan Transportation Authority, AGM, 4.00%, 11/15/2054, Call 05/15/2030		1,928,304
		Metropolitan Transportation Authority, BAM
	800,000	5.00%, 11/15/2034, Call 05/15/2028		847,417
	1,845,000	4.00%, 11/15/2048, Call 05/15/2034		1,802,747
	650,000	Nassau County Local Economic Assistance Corp., 5.00%, 07/1/2034, Call 08/8/2024		650,243
		New York City Municipal Water Finance Authority
	500,000	5.00%, 06/15/2049, Call 12/15/2029		524,574
	1,000,000	5.25%, 06/15/2052, Call 12/15/2032		1,096,404
	1,535,000	5.25%, 06/15/2054, Call 12/15/2033		1,694,187
	1,500,000	5.25%, 06/15/2054, Call 06/15/2034		1,662,299
		New York City Transitional Finance Authority Future Tax Secured Revenue
	1,000,000	4.00%, 11/1/2041, Call 11/1/2029		993,220
	1,000,000	4.00%, 05/1/2044, Call 11/1/2030		990,553
	2,025,000	New York City Water & Sewer System, 5.00%, 06/15/2048, Call 12/15/2027		2,087,162
	415,000	New York Counties Tobacco Trust VI, 5.63%, 06/1/2035		426,122
		New York Liberty Development Corp.
	1,000,000	5.25%, 10/1/2035		1,155,876
	2,000,000	5.38%, 11/15/2040, Call 11/15/20244		2,005,441
	730,000	3.00%, 02/15/2042, Call 02/15/2030		608,886
	1,500,000	5.00%, 11/15/2044, Call 11/15/20244		1,501,481
	1,500,000	7.25%, 11/15/2044, Call 11/15/20244		1,507,908
	1,000,000	3.13%, 09/15/2050, Call 03/15/2030		786,970
		New York State Dormitory Authority
	1,000,000	4.00%, 07/1/2040, Call 07/1/2029		771,089
	500,000	3.00%, 07/1/2041, Call 07/1/2031		433,486
	1,000,000	5.00%, 02/15/2045, Call 02/15/2025		1,007,895
	500,000	4.00%, 07/1/2048, Call 07/1/2031		482,129
	1,500,000	5.25%, 03/15/2052, Call 03/15/2034		1,659,639
	1,000,000	4.00%, 03/15/2054, Call 03/15/2034		965,583
	460,000	New York State Dormitory Authority, NATL, 5.75%, 07/1/2027		477,537

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		NEW YORK (Continued)
$	1,000,000	New York State Energy Research & Development Authority, 4.00%, 04/1/2034, Call 07/1/2033	$	999,573
		New York State Urban Development Corp.
	1,000,000	4.00%, 03/15/2038, Call 09/15/2031		1,014,325
	3,000,000	5.00%, 03/15/2063, Call 09/15/2033		3,220,301
		New York Transportation Development Corp.
	2,500,000	5.00%, 10/1/2040, Call 10/1/20303		2,602,617
	2,500,000	4.38%, 10/1/2045, Call 10/1/20303		2,451,745
	3,000,000	5.00%, 07/1/2046, Call 08/8/20243		2,999,854
	1,445,000	5.00%, 6/30/2049, Call 6/30/20313		1,498,648
	1,750,000	5.25%, 01/1/2050, Call 08/8/20243		1,750,047
	1,500,000	6.00%, 06/30/2054, Call 06/30/20313		1,648,292
	1,955,000	5.00%, 06/30/2060, Call 06/30/20333		1,976,712
		New York Transportation Development Corp., AGM
	1,000,000	4.00%, 07/1/2037, Call 08/8/20243		985,683
	1,000,000	5.50%, 06/30/2044, Call 06/30/20313		1,082,523
		Onondaga Civic Development Corp.
	235,000	5.00%, 07/1/2040, Call 07/1/2025		235,702
	500,000	5.00%, 07/1/2045, Call 07/1/2025		500,359
	1,200,000	Onondaga County Trust for Cultural Resources, 5.00%, 12/1/2045, Call 12/1/2029		1,263,948
		Port Authority of New York & New Jersey
	695,000	4.00%, 12/15/2038, Call 08/8/2024		693,082
	4,535,000	5.00%, 10/15/2041, Call 10/15/2025		4,609,187
	4,000,000	5.00%, 12/1/2048, Call 12/1/20333		4,218,394
	1,500,000	4.00%, 07/15/2050, Call 07/15/20303		1,392,895
	375,000	Suffolk County Water Authority, 3.00%, 06/1/2045, Call 06/1/2030		308,244
	1,250,000	Town of Hempstead, 2.13%, 06/15/2037, Call 06/15/2029		981,252
		Triborough Bridge & Tunnel Authority
	1,000,000	5.00%, 11/15/2043, Call 11/15/2033		1,110,139
	1,500,000	5.00%, 11/15/2045, Call 11/15/2025		1,521,743
	1,000,000	5.50%, 05/15/2052, Call 11/15/2032		1,117,824
		Triborough Bridge & Tunnel Authority Sales Tax Revenue
	1,000,000	5.00%, 05/15/2054, Call 05/15/2034		1,088,843
	1,000,000	5.25%, 05/15/2064, Call 05/15/2034		1,097,126
	970,000	TSASC, Inc., 5.00%, 06/1/2045, Call 06/1/2027		875,535
	500,000	Utility Debt Securitization Authority, 5.00%, 12/15/2041, Call 06/15/2034		575,308
	750,000	Westchester County Local Development Corp., 5.50%, 05/1/2042, Call 08/8/2024		750,233

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		NEW YORK (Continued)
$	810,000	Western Nassau County Water Authority, 4.00%, 04/1/2051, Call 04/1/2031	$	781,351
	290,000	Yonkers Economic Development Corp., 5.00%, 10/15/2049, Call 10/15/2029		290,646
				87,438,586
		NORTH CAROLINA — 0.4%
	1,000,000	City of Charlotte Airport Revenue, 5.00%, 07/1/2042, Call 07/1/2033		1,112,231
	1,380,000	City of Charlotte Water & Sewer System Revenue, 4.00%, 07/1/2035, Call 07/1/2028		1,418,769
	1,000,000	Greater Asheville Regional Airport Authority, AGM, 5.50%, 07/1/2052, Call 07/1/20323		1,081,893
		North Carolina Housing Finance Agency
	735,000	3.85%, 07/1/2038, Call 07/1/2027		714,370
	490,000	4.00%, 07/1/2048, Call 07/1/2027		487,491
	715,000	North Carolina Medical Care Commission, 4.00%, 09/1/2046, Call 09/1/2028		607,023
				5,421,777
		NORTH DAKOTA — 0.2%
	300,000	County of Burleigh, 4.38%, 04/15/2026		298,276
	2,000,000	County of Ward, 5.00%, 06/1/2053, Call 06/1/2028		1,764,858
				2,063,134
		OHIO — 1.3%
	2,000,000	Buckeye Tobacco Settlement Financing Authority, 5.00%, 06/1/2055, Call 06/1/2030		1,846,492
	635,000	City of Akron, 5.00%, 12/1/2026		640,975
	1,000,000	City of Chillicothe, 5.00%, 12/1/2047, Call 12/1/2027		1,011,433
	1,000,000	City of Middleburg Heights, 4.00%, 08/1/2041, Call 08/1/2031		963,626
	710,000	Cleveland-Cuyahoga County Port Authority, 5.00%, 12/1/2037, Call 12/1/2027		719,129
		County of Hamilton
	1,000,000	5.00%, 11/15/2041		1,169,757
	2,000,000	5.00%, 09/15/2045, Call 03/15/2030		1,995,793
	1,880,000	County of Miami, 5.00%, 08/1/2049, Call 08/1/2028		1,904,214
	500,000	County of Tuscarawas, 6.00%, 03/1/2045, Call 03/1/2025		500,759
	2,330,000	Indian Creek Local School District, School District Credit Program, 5.00%, 11/1/2055, Call 11/1/2028		2,409,902
	1,500,000	Ohio Air Quality Development Authority, 5.00%, 07/1/2049, Call 07/1/20293 4		1,402,621
	1,000,000	Ohio Housing Finance Agency, 4.65%, 09/1/2054, Call 09/1/2033		992,525
	1,000,000	Yellow Springs Exempt Village School District, BAM, 5.50%, 12/1/2060, Call 12/1/2030		1,073,223
				16,630,449

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		OKLAHOMA — 0.5%
$	940,000	Coweta Public Works Authority, 4.00%, 08/1/2027, Call 08/1/2026	$	950,348
	1,000,000	Garfield County Educational Facilities Authority, 5.00%, 09/1/2031, Call 09/1/2026		1,021,470
	1,040,000	Muskogee Industrial Trust, 4.00%, 09/1/2032, Call 09/1/2029		1,020,796
	1,000,000	Oklahoma City Airport Trust, 5.00%, 07/1/2043, Call 07/1/20283		1,018,697
	2,000,000	Oklahoma Development Finance Authority, AGM, 4.00%, 08/15/2048, Call 08/15/2028		1,836,736
	570,000	University of Oklahoma, BAM, 4.13%, 07/1/2054, Call 07/1/2034		568,907
				6,416,954
		OREGON — 0.4%
	1,325,000	County of Clackamas, 3.00%, 06/1/2028, Call 07/29/2024		1,289,395
	1,000,000	Medford Hospital Facilities Authority, 4.00%, 08/15/2039, Call 08/15/2030		984,593
		Oregon State Facilities Authority
	1,000,000	5.00%, 04/1/2045, Call 04/1/2025		1,005,326
	45,000	5.00%, 10/1/2046, Call 10/1/2026		46,607
	720,000	5.00%, 10/1/2046, Call 10/1/2026		721,375
	450,000	Port of Portland Airport Revenue, 4.00%, 07/1/2040, Call 07/1/2030		453,328
				4,500,624
		PENNSYLVANIA — 3.0%
	1,500,000	Allegheny County Airport Authority, 5.50%, 01/1/2048, Call 01/1/20333		1,643,952
	3,000,000	Allegheny County Airport Authority, AGM, 4.00%, 01/1/2056, Call 01/1/20313		2,759,979
	305,000	Allegheny County Higher Education Building Authority, 5.00%, 10/15/2037, Call 10/15/2027		292,953
	95,000	Allegheny County Industrial Development Authority, 6.00%, 07/15/2038, Call 07/29/2024		95,102
	250,000	Allentown Neighborhood Improvement Zone Development Authority, 5.00%, 05/1/2042, Call 05/1/2032		257,772
	100,000	Chester County Industrial Development Authority, 5.00%, 10/1/2034, Call 10/1/2024		100,040
	1,000,000	City of Philadelphia Airport Revenue, 4.00%, 07/1/2040, Call 07/1/20303		983,654
		Commonwealth Financing Authority
	1,825,000	5.00%, 06/1/2034, Call 06/1/2028		1,925,411
	1,000,000	5.00%, 06/1/2035, Call 06/1/2028		1,053,895
	1,000,000	Commonwealth Financing Authority, AGM, 4.00%, 06/1/2039, Call 06/1/2028		1,006,476
	315,000	Delaware Valley Regional Finance Authority, 5.75%, 07/1/2032		362,572
	1,000,000	DuBois Hospital Authority, BAM, 4.00%, 07/15/2043, Call 01/15/2028		963,245
	265,000	East Hempfield Township Industrial Development Authority, 5.00%, 12/1/2039, Call 12/1/2025		268,242

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		PENNSYLVANIA (Continued)
$	650,000	Montgomery County Higher Education & Health Authority, 5.00%, 09/1/2037, Call 09/1/2028	$	676,228
	1,500,000	Moon Area School District, SAW, 5.00%, 11/15/2028, Call 11/15/2024		1,508,453
		Pennsylvania Economic Development Financing Authority
	300,000	10.00%, 12/1/20403 4 5		287,634
	300,000	10.00%, 12/1/20404 5		283,431
	1,000,000	4.00%, 04/15/2045, Call 04/15/2030		962,653
	1,000,000	4.00%, 05/15/2048, Call 05/15/2033		958,829
	500,000	Pennsylvania Economic Development Financing Authority Parking System Revenue, AGM, 5.00%, 01/1/2040, Call 01/1/2032		534,597
	1,500,000	Pennsylvania Economic Development Financing Authority, AGM, 5.75%, 12/31/2062, Call 12/31/20323		1,639,285
	1,980,000	Pennsylvania Housing Finance Agency, 4.60%, 10/1/2049, Call 10/1/2032		1,971,597
		Pennsylvania Turnpike Commission
	2,000,000	5.00%, 12/1/2037, Call 12/1/2027		2,083,835
	1,000,000	5.00%, 12/1/2040, Call 06/1/2033		1,102,737
	500,000	5.00%, 12/1/2041, Call 06/1/2026		509,455
	1,000,000	5.00%, 12/1/2043, Call 12/1/2028		1,043,814
	1,000,000	4.00%, 12/1/2045, Call 12/1/2030		978,241
	1,000,000	5.00%, 12/1/2047, Call 12/1/2027		1,034,738
	500,000	5.25%, 12/1/2052, Call 12/1/2032		543,997
		Philadelphia Authority for Industrial Development
	795,000	5.00%, 05/1/2027, Call 05/1/2026		817,307
	850,000	4.00%, 11/1/2037, Call 11/1/2029		844,368
	1,000,000	6.60%, 11/1/2047, Call 11/1/2027		892,364
	1,140,000	Philadelphia Gas Works Co., AGM, 4.00%, 08/1/2045, Call 08/1/2030		1,116,632
	1,000,000	School District of Philadelphia, BAM-TCRS ST AID WITHHLDG, 4.00%, 09/1/2041, Call 09/1/2031		1,001,259
		School District of Philadelphia, SAW
	5,000	5.00%, 09/1/2038, Call 09/1/2026		5,187
	995,000	5.00%, 09/1/2038, Call 09/1/2026		1,005,845
	1,000,000	Scranton-Lackawanna Health & Welfare Authority, 5.00%, 06/1/2046, Call 06/1/2026		906,015
	2,090,000	Southeastern Pennsylvania Transportation Authority, 5.00%, 06/1/2029, Call 06/1/2027		2,191,479
	275,000	Susquehanna Area Regional Airport Authority, 5.00%, 01/1/2035, Call 01/1/20283		279,055
	500,000	Williamsport Area School District, AGM SAW, 4.00%, 03/1/2035, Call 09/1/2024		500,072
				37,392,400

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		PUERTO RICO — 0.7%
		Commonwealth of Puerto Rico
$	9,037	0.00%, 07/1/2024	$	9,037
	61,865	5.38%, 07/1/2025		62,401
	61,305	5.63%, 07/1/2027		64,014
	1,060,310	5.63%, 07/1/2029		1,138,688
	1,558,579	5.75%, 07/1/2031		1,733,729
	55,548	4.00%, 07/1/2033, Call 07/1/2031		55,757
	71,485	0.00%, 07/1/2033, Call 07/1/2031		47,797
	49,930	4.00%, 07/1/2035, Call 07/1/2031		49,144
	42,853	4.00%, 07/1/2037, Call 07/1/2031		41,376
	246,222	0.00%, 11/1/20431		151,119
	60,594	4.00%, 07/1/2046, Call 07/1/2031		55,049
	2,000,000	Puerto Rico Electric Power Authority, 5.00%, 07/1/2042, Call 08/8/20245		945,000
	5,000,000	Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 5.00%, 07/1/2058, Call 07/1/2028		5,001,075
				9,354,186
		RHODE ISLAND — 0.2%
	1,535,000	Rhode Island Commerce Corp., 5.00%, 07/1/2041, Call 07/1/2026		1,556,278
	615,000	Rhode Island Health and Educational Building Corp., 4.00%, 11/1/2050, Call 11/1/2031		607,212
				2,163,490
		SOUTH CAROLINA — 0.9%
	2,000,000	Lexington County Health Services District, Inc., 5.00%, 11/1/2041, Call 05/1/2026		2,020,878
	500,000	Patriots Energy Group Financing Agency, 5.25%, 10/1/2054, Call 05/1/20311		535,847
	500,000	South Carolina Jobs-Economic Development Authority, 6.00%, 02/1/2035, Call 08/8/20243 4 5		50,000
	2,000,000	South Carolina Ports Authority, 5.00%, 07/1/2038, Call 07/1/20283		2,076,568
		South Carolina Public Service Authority
	1,500,000	5.75%, 12/1/2047, Call 12/1/2032		1,673,313
	730,000	5.00%, 12/1/2055, Call 06/1/2025		730,965
	1,015,000	5.25%, 12/1/2055, Call 12/1/2025		1,018,986
	3,000,000	University of South Carolina, 5.00%, 05/1/2043, Call 05/1/2027		3,083,254
				11,189,811
		SOUTH DAKOTA — 0.1%
	1,235,000	South Dakota Health & Educational Facilities Authority, 5.00%, 11/1/2045, Call 11/1/2025		1,246,932
		TENNESSEE — 0.9%
	1,220,000	Chattanooga-Hamilton County Hospital Authority, 5.00%, 10/1/2044, Call 10/1/2024		1,215,298

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		TENNESSEE (Continued)
		Knox County Health Educational & Housing Facility Board
$	279,973	5.25%, 05/1/2025, Call 11/1/20244 5	$	10,079
	34,517	6.00%, 05/1/20345		1,243
	1,000,000	Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, 5.25%, 05/1/2053, Call 05/1/2033		1,064,148
	1,000,000	Metropolitan Government Nashville & Davidson County Sports Authority, AGM, 5.25%, 07/1/2056, Call 01/1/2034		1,081,052
		Metropolitan Nashville Airport Authority
	1,000,000	5.50%, 07/1/2039, Call 07/1/20323		1,117,816
	1,000,000	5.25%, 07/1/2047, Call 07/1/20323		1,066,416
		Tennergy Corp.
	1,500,000	4.00%, 12/1/2051, Call 06/1/20281		1,501,460
	1,000,000	5.50%, 10/1/2053, Call 09/1/20301		1,069,011
		Tennessee Energy Acquisition Corp.
	1,000,000	5.63%, 09/1/2026		1,033,463
	2,500,000	4.00%, 11/1/2049, Call 08/1/20251		2,501,557
				11,661,543
		TEXAS — 6.3%
	85,000	Arlington Higher Education Finance Corp., 5.00%, 08/15/2048, Call 08/15/2027		82,333
	320,000	Austin Convention Enterprises, Inc., 5.00%, 01/1/2034, Call 01/1/2027		322,799
		Central Texas Regional Mobility Authority
	1,070,000	0.00%, 01/1/2027		971,883
	2,000,000	5.00%, 01/1/2043, Call 01/1/2028		2,066,422
	515,000	Central Texas Turnpike System, 5.00%, 08/15/2031, Call 08/15/2024		515,776
	1,000,000	City of Austin Airport System Revenue, 5.00%, 11/15/2035, Call 11/15/20263		1,019,841
	1,000,000	City of Corpus Christi Utility System Revenue, 5.00%, 07/15/2049, Call 07/15/2034		1,083,872
	1,400,000	City of Dallas Waterworks & Sewer System Revenue, 4.00%, 10/1/2043, Call 10/1/2033		1,390,414
	1,000,000	City of El Paso, 5.00%, 08/15/2036, Call 08/15/2026		1,022,485
	1,000,000	City of El Paso Water & Sewer Revenue, 5.25%, 03/1/2049, Call 03/1/2033		1,090,075
	1,255,000	City of Garland Electric Utility System Revenue, 4.00%, 03/1/2038, Call 03/1/2031		1,269,961
	250,000	City of Hackberry, 4.50%, 09/1/2038, Call 09/1/2027		236,516
	1,000,000	City of Houston, 4.00%, 03/1/2033, Call 03/1/2027		1,006,426
		City of Houston Airport System Revenue
	400,000	4.75%, 07/1/20243		400,000
	750,000	5.00%, 07/15/2035, Call 07/15/20253		753,221
	1,500,000	4.00%, 07/15/2041, Call 07/15/20293		1,443,568

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		TEXAS (Continued)
$	1,125,000	City of Houston Airport System Revenue, AGM, 4.50%, 07/1/2053, Call 07/1/20333	$	1,126,056
	1,000,000	City of San Antonio Electric & Gas Systems Revenue, 5.25%, 02/1/2049, Call 08/1/2034		1,100,392
	1,650,000	City of Waco, 5.25%, 02/1/2054, Call 02/1/2034		1,816,074
		Clifton Higher Education Finance Corp.
	500,000	5.00%, 08/15/2042, Call 08/13/2024		500,712
	100,000	4.40%, 12/1/2047, Call 08/8/2024		90,981
	1,500,000	4.60%, 12/1/2049, Call 12/1/2024		1,388,092
	1,000,000	Conroe Independent School District, PSF, 4.00%, 02/15/2049, Call 02/15/2034		969,832
	1,000,000	County of Harris Toll Road Revenue, 4.00%, 08/15/2045, Call 08/15/2030		972,547
	1,000,000	Dallas Independent School District, PSF, 3.00%, 02/15/2028, Call 02/15/2025		982,019
	1,000,000	Denton Independent School District, 5.00%, 08/15/2053, Call 08/15/2033		1,080,746
	1,065,000	El Paso Downtown Development Corp., 5.00%, 08/15/2026		1,094,100
	1,250,000	Fort Bend Independent School District, PSF, 4.00%, 08/1/20541		1,267,860
	1,000,000	Grand Parkway Transportation Corp., 5.00%, 10/1/2038, Call 04/1/2028		1,052,074
	1,500,000	Greater Texoma Utility Authority, AGM, 4.25%, 10/1/2053, Call 10/1/2032		1,454,220
		Harris County Cultural Education Facilities Finance Corp.
	1,125,000	5.00%, 07/1/2035, Call 07/1/2034		1,283,129
	3,000,000	4.00%, 10/1/2036, Call 10/1/2029		2,999,880
		Harris County Flood Control District
	750,000	4.00%, 09/15/2043, Call 09/15/2033		750,053
	1,000,000	4.00%, 09/15/2048, Call 09/15/2033		968,992
	1,110,000	Harris County Toll Road Authority, 5.00%, 08/15/2043, Call 02/15/2028		1,151,147
	1,000,000	Harris County-Houston Sports Authority, AGM NATL-RE, 0.00%, 11/15/2038, Call 11/15/2030		472,574
	1,055,000	Hurst-Euless-Bedford Independent School District, PSF, 4.00%, 08/15/2050, Call 08/15/2034		1,021,936
	1,000,000	Lamar Consolidated Independent School District, AGM, 5.50%, 02/15/2058, Call 02/15/2033		1,110,264
	840,000	Lower Colorado River Authority, 5.25%, 05/15/2048, Call 05/15/2033		920,739
	500,000	Mission Economic Development Corp., 4.63%, 10/1/2031, Call 07/29/20243 4		496,170
	1,055,000	New Caney Independent School District, PSF, 4.00%, 02/15/2049, Call 02/15/2034		1,021,597
	2,505,000	New Hope Cultural Education Facilities Finance Corp., 5.00%, 07/1/2047, Call 07/1/20255		2,382,881
		New Hope Cultural Education Facilities Finance Corp., AGM
	375,000	5.00%, 07/1/2038, Call 07/1/2027		386,189
	1,500,000	5.00%, 04/1/2046, Call 07/29/2024		1,500,011
	2,200,000	5.00%, 07/1/2048, Call 07/1/2027		2,226,934
		North Texas Tollway Authority

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		TEXAS (Continued)
$	500,000	4.13%, 01/1/2039, Call 01/1/2032	$	508,452
	1,000,000	4.25%, 01/1/2049, Call 01/1/2028		982,267
	1,000,000	Northside Independent School District, 3.45%, 08/15/2037, Call 08/15/2027		955,531
	1,000,000	Permanent University Fund - University of Texas System, 4.00%, 07/1/2033		1,000,000
		Port of Beaumont Navigation District
	250,000	5.00%, 01/1/2039, Call 01/1/20323 4		253,208
	1,000,000	4.00%, 01/1/2050, Call 08/8/20243 4		840,262
	1,000,000	Port of Corpus Christi Authority of Nueces County, 5.00%, 12/1/2036, Call 12/1/2028		1,073,938
	1,000,000	Red River Health Facilities Development Corp., 7.25%, 12/15/2047, Call 08/8/20245		600,000
	290,000	SA Energy Acquisition Public Facility Corp., 5.50%, 08/1/2027		298,448
	1,750,000	San Antonio Independent School District, PSF, 5.00%, 08/15/2048, Call 08/15/2025		1,761,974
		San Antonio Water System
	1,000,000	5.00%, 05/15/2043, Call 05/15/2028		1,039,652
	1,000,000	5.25%, 05/15/2052, Call 05/15/2032		1,081,672
	500,000	State of Texas, 5.50%, 08/1/2031, Call 08/1/20263		516,346
	1,400,000	Tarrant County Cultural Education Facilities Finance Corp., 5.00%, 07/1/2043, Call 01/1/2029		1,446,390
	1,620,000	Texas City Industrial Development Corp., 4.13%, 12/1/2045, Call 02/4/2025		1,467,434
		Texas Municipal Gas Acquisition & Supply Corp. I
	555,000	5.25%, 12/15/2025		562,194
	830,000	6.25%, 12/15/2026		854,513
		Texas Private Activity Bond Surface Transportation Corp.
	500,000	4.00%, 12/31/2037, Call 12/31/2029		502,091
	1,110,000	5.00%, 12/31/2040, Call 12/31/20253		1,117,152
	1,630,000	5.00%, 12/31/2045, Call 12/31/20253		1,639,918
	815,000	5.00%, 12/31/2055, Call 12/31/20253		819,952
	2,000,000	5.00%, 06/30/2058, Call 06/30/20293		2,042,494
	4,000,000	Texas Public Finance Authority, 4.00%, 02/1/2037, Call 02/1/2029		4,091,048
	1,125,000	Texas Transportation Commission, 0.00%, 08/1/2040, Call 02/1/2029		532,517
		Texas Water Development Board
	1,500,000	4.00%, 10/15/2037, Call 10/15/2027		1,509,565
	2,000,000	4.00%, 08/1/2038, Call 08/1/2030		2,016,939
	500,000	5.00%, 10/15/2047, Call 10/15/2032		542,936
		Town of Westlake
	100,000	5.50%, 09/1/2025		99,457
	200,000	6.13%, 09/1/2035, Call 09/1/2025		200,248
	1,200,000	Uptown Development Authority, 5.00%, 09/1/2036, Call 09/1/2026		1,208,345
				79,828,736

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		UTAH — 0.5%
$	750,000	City of Salt Lake City Airport Revenue, 5.00%, 07/1/2034, Call 07/1/20273	$	772,415
	1,000,000	City of Salt Lake City Airport Revenue, BAM, 4.00%, 07/1/2039, Call 07/1/20313		985,607
	1,500,000	County of Utah, 4.00%, 05/15/2045, Call 08/8/2024		1,463,475
	750,000	Intermountain Power Agency, 4.00%, 07/1/2036, Call 07/1/2031		781,692
	1,000,000	Salt Lake City Corp. Airport Revenue, 5.25%, 07/1/2048, Call 07/1/20283		1,027,226
		Utah Charter School Finance Authority
	600,000	4.50%, 07/15/20274		595,289
	500,000	5.38%, 06/15/2048, Call 06/15/20274		467,354
				6,093,058
		VIRGIN ISLANDS — 0.1%
	1,000,000	Matching Fund Special Purpose Securitization Corp., 5.00%, 10/1/2039, Call 10/1/2032		1,034,770
		VIRGINIA — 0.7%
	715,000	Celebrate North Community Development Authority, 4.69%, 03/1/20185		450,450
	1,000,000	Chesapeake Bay Bridge & Tunnel District, 5.00%, 07/1/2046, Call 07/1/2026		1,007,641
	1,000,000	County of Fairfax, SAW, 3.00%, 10/1/2026, Call 10/1/2024		984,003
	30,000	Federal Home Loan Mortgage Corporation Multifamily Variable Rate Demand Certificates, 4.15%, 04/15/2025, Call 08/8/20243 4		29,961
	1,000,000	Hampton Roads Transportation Accountability Commission, 5.50%, 07/1/2057, Call 01/1/2028		1,080,736
	1,000,000	Roanoke Economic Development Authority, 5.00%, 07/1/2047		1,155,800
	405,000	Virginia Beach Development Authority, 7.00%, 09/1/2053, Call 09/1/2030		463,928
		Virginia Small Business Financing Authority
	500,000	4.00%, 01/1/2040, Call 01/1/20323		481,471
	500,000	5.00%, 12/31/2047, Call 12/31/20323		518,157
	1,750,000	5.00%, 12/31/2052, Call 06/30/20273		1,770,853
	1,000,000	5.00%, 12/31/2056, Call 06/30/20273		1,010,522
				8,953,522
		WASHINGTON — 2.5%
	2,000,000	Clark County School District No. 114 Evergreen, School Bond Gty, 4.00%, 12/1/2034, Call 06/1/2028		2,039,200
	1,500,000	County of King Sewer Revenue, 5.00%, 07/1/2047, Call 01/1/2025		1,512,486
	1,325,000	Grant County Public Hospital District No. 2, 5.00%, 12/1/2038, Call 12/1/2032		1,360,417
	250,000	Jefferson County Public Hospital District No. 2, 6.63%, 12/1/2043, Call 12/1/2030		254,547
	2,215,000	King County School District No. 210 Federal Way, School Bond Gty, 4.00%, 12/1/2033, Call 12/1/2027		2,250,538
		King County School District No. 406 Tukwila, School Bond Gty

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		WASHINGTON (Continued)
$	2,190,000	4.00%, 12/1/2030, Call 06/1/2026	$	2,211,157
	1,560,000	4.00%, 12/1/2031, Call 06/1/2026		1,573,776
	20,000	Ocean Shores Local Improvement District, 7.25%, 02/1/2031		21,596
		Port of Seattle
	1,500,000	5.00%, 04/1/2044, Call 04/1/20293		1,535,099
	2,500,000	5.00%, 08/1/2047, Call 08/1/20323		2,594,995
	330,000	5.00%, 06/1/2048, Call 06/1/20343		351,217
	1,360,000	Port of Tacoma, 5.00%, 12/1/20313		1,477,146
		State of Washington
	750,000	5.00%, 01/1/2025		756,206
	1,630,000	5.00%, 07/1/2042, Call 07/1/2029		1,718,014
	1,710,000	5.00%, 07/1/2043, Call 07/1/2029		1,796,711
	1,500,000	5.00%, 07/1/2044, Call 07/1/2029		1,572,195
	150,000	Tacoma Consolidated Local Improvement Districts, 5.75%, 04/1/2043, Call 07/24/2024		146,955
	1,000,000	Three Rivers Regional Wastewater Authority, BAM, 4.13%, 09/1/2044, Call 03/1/2034		987,647
		Washington Health Care Facilities Authority
	500,000	5.00%, 08/15/2032, Call 08/15/2027		510,333
	1,820,000	5.00%, 03/1/2038, Call 03/1/2025		1,830,345
	500,000	5.00%, 08/1/2038, Call 08/1/2029		528,101
	1,000,000	5.00%, 10/1/2041, Call 10/1/2024		1,000,006
		Washington State Convention Center Public Facilities District
	1,210,000	3.00%, 07/1/2043, Call 07/1/2031		981,958
	1,550,000	3.00%, 07/1/2058, Call 07/1/2031		1,097,490
	1,000,000	Yakima County School District No. 208 West Valley, School Bond Gty, 4.00%, 12/1/2034, Call 12/1/2028		1,023,981
				31,132,116
		WEST VIRGINIA — 0.2%
	1,000,000	Monongalia County Commission Special District, 5.50%, 06/1/2037, Call 06/1/20274		1,025,394
	750,000	West Virginia Hospital Finance Authority, 6.00%, 09/1/2048, Call 09/1/2033		852,479
	1,000,000	West Virginia Parkways Authority, 5.00%, 06/1/2037, Call 06/1/2028		1,056,351
				2,934,224
		WISCONSIN — 1.5%
	1,000,000	Milwaukee Metropolitan Sewerage District, 4.00%, 10/1/2043, Call 10/1/2031		983,996
		Public Finance Authority
	545,000	4.00%, 07/1/2027, Call 08/8/2024		537,135
	2,000,000	4.30%, 11/1/2030, Call 05/1/20263		1,991,130
	500,000	5.75%, 02/1/2035, Call 02/1/2025		501,478

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		WISCONSIN (Continued)
$	535,000	5.00%, 07/1/2037, Call 08/8/2024	$	535,158
	1,000,000	6.50%, 12/1/2037, Call 12/1/20274		975,509
	500,000	5.00%, 06/15/2039, Call 06/15/20264		475,212
	500,000	5.00%, 06/1/2041, Call 06/1/20294		506,415
	500,000	5.00%, 02/1/2042, Call 02/1/2032		520,675
	1,000,000	5.00%, 07/1/2042, Call 08/8/20243		1,000,082
	165,000	6.00%, 07/15/2042, Call 07/29/2024		165,120
	450,000	5.50%, 03/1/2045, Call 03/1/20254		451,905
	1,000,000	5.63%, 07/1/2045, Call 07/1/20254		1,007,186
	345,000	6.38%, 01/1/2048, Call 01/1/20284		155,250
	500,000	6.25%, 06/15/2048, Call 06/15/20334		515,175
	194,116	3.75%, 07/1/2051, Call 03/15/20281 4 5		138,393
		Public Finance Authority, ACA
	7,186	0.00%, 01/1/20464 5		205
	7,085	0.00%, 01/1/20474 5		187
	7,034	0.00%, 01/1/20484 5		176
	6,984	0.00%, 01/1/20494 5		165
	6,882	0.00%, 01/1/20504 5		151
	7,540	0.00%, 01/1/20514 5		157
	7,490	0.00%, 01/1/20524 5		145
	7,388	0.00%, 01/1/20534 5		135
	7,338	0.00%, 01/1/20544 5		127
	7,237	0.00%, 01/1/20554 5		118
	7,135	0.00%, 01/1/20564 5		111
	7,085	0.00%, 01/1/20574 5		104
	6,984	0.00%, 01/1/20584 5		97
	6,933	0.00%, 01/1/20594 5		91
	6,882	0.00%, 01/1/20604 5		85
	6,781	0.00%, 01/1/20614 5		79
	6,730	0.00%, 01/1/20624 5		74
	6,629	0.00%, 01/1/20634 5		70
	6,579	0.00%, 01/1/20644 5		66
	6,528	0.00%, 01/1/20654 5		62
	6,427	0.00%, 01/1/20664 5		56
	83,706	0.00%, 01/1/20674 5		663
	500,000	Public Finance Authority, BAM, 5.38%, 07/1/2047, Call 07/1/2032		539,517
	1,000,000	University of Wisconsin Hospitals & Clinics, 5.00%, 04/1/2043, Call 10/1/2028		1,027,757
	3,000,000	Village of Mount Pleasant, MORAL OBLIG, 5.00%, 04/1/2048, Call 04/1/2028		3,072,642
	500,000	Wisconsin Center District, AGM MORAL OBLIG, 0.00%, 12/15/2045, Call 12/15/2030		181,256

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Principal Amount			Value
		MUNICIPAL BONDS (Continued)
		WISCONSIN (Continued)
		Wisconsin Health & Educational Facilities Authority
$	1,000,000	4.00%, 12/1/2046, Call 12/1/2031	$	954,181
	1,125,000	5.00%, 10/1/2054, Call 07/1/20341		1,220,446
	1,000,000	Wisconsin Housing & Economic Development Authority Home Ownership Revenue, GNMA/FNMA/FHLMC, 4.38%, 09/1/2044, Call 03/1/2033		994,484
				18,453,226
		TOTAL MUNICIPAL BONDS
		(Cost $941,053,176)		932,995,291
Number of Shares
		EXCHANGE-TRADED FUND — 10.2%
	1,206,614	iShares National Muni Bond ETF, 3.04%,		128,564,722
		TOTAL EXCHANGE-TRADED FUND
		(Cost $127,673,349)		128,564,722
		CLOSED-END MUTUAL FUNDS — 0.6%
	10,127	BlackRock Long-Term Municipal Advantage Trust		102,586
	783	BlackRock MuniAssets Fund, Inc.		9,083
	11,961	BlackRock Municipal Income Fund, Inc.		147,599
	1,273	BlackRock Municipal Income Trust - Class USD INC		12,997
	3,486	BlackRock MuniHoldings Fund, Inc.		42,146
	1,410	BlackRock MuniHoldings New Jersey Quality Fund, Inc.		16,060
	3,273	BlackRock MuniHoldings Quality Fund II, Inc.		33,385
	49,897	BlackRock MuniVest Fund, Inc.		357,761
	5,188	BlackRock MuniYield Quality Fund II, Inc.		53,385
	26,617	BlackRock MuniYield Quality Fund, Inc.		326,857
	54,677	BNY Mellon Municipal Income, Inc.		393,128
	127,431	BNY Mellon Strategic Municipal Bond Fund, Inc.		756,940
	33,986	BNY Mellon Strategic Municipals, Inc.		207,994
	11,444	DTF Tax-Free Income 2028 Term Fund, Inc.		125,426
	66,923	DWS Municipal Income Trust		633,761
	852	Eaton Vance Municipal Bond Fund		9,014
	32,484	Invesco Advantage Municipal Income Trust II		288,133
	4,010	Invesco Municipal Income Opportunities Trust		25,463
	19,948	Invesco Municipal Opportunity Trust		201,076
	27,558	Invesco Municipal Trust		274,478
	10,700	Invesco Quality Municipal Income Trust		106,144
	12,783	Invesco Trust for Investment Grade Municipals		131,281
	12,605	Invesco Value Municipal Income Trust		155,546
	7,506	Neuberger Berman Municipal Fund, Inc.		80,164

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		CLOSED-END MUTUAL FUNDS (Continued)
	15,459	Nuveen AMT-Free Municipal Credit Income Fund	$	192,619
	12,001	Nuveen AMT-Free Quality Municipal Income Fund		137,531
	9,524	Nuveen California Quality Municipal Income Fund		109,812
	24,819	Nuveen Municipal Credit Income Fund		306,515
	51	Nuveen New York AMT-Free Quality Municipal Income Fund		566
	14,287	Nuveen Quality Municipal Income Fund		167,729
	17,889	PIMCO Municipal Income Fund III		140,965
	37,184	Pioneer Municipal High Income Advantage Fund, Inc.		305,281
	113,738	Pioneer Municipal High Income Fund, Inc.		1,039,565
	86,507	Western Asset Managed Municipals Fund, Inc.		895,347
		TOTAL CLOSED-END MUTUAL FUNDS
		(Cost $9,578,119)		7,786,337
		PRIVATE INVESTMENTS6 — 9.7%
		PRIVATE FUNDS — 9.5%
		MacKay Municipal Credit Opportunities Fund, LP* 7		27,391,815
		MacKay Municipal Opportunities Fund, LP* 8		91,664,443
				119,056,258
		PRIVATE COMPANY — 0.2%
	926	Vistra Vision LLC, Class B Units * 9		2,343,903
		TOTAL PRIVATE INVESTMENTS
		(Cost $95,622,966)		121,400,161
		SHORT-TERM INVESTMENTS — 4.3%
	50,099,187	BlackRock MuniCash - Institutional Shares, 3.88%10		50,104,197
	4,484,034	JPMorgan Prime Money Market Fund - Institutional Shares, 5.30%10		4,484,931
		TOTAL SHORT-TERM INVESTMENTS
		(Cost $54,589,124)		54,589,128
		TOTAL INVESTMENTS — 99.0%
		(Cost $1,228,516,734)		1,245,335,639
		Other assets less liabilities — 1.0%		12,082,589
		TOTAL NET ASSETS — 100.0%	$	1,257,418,228

* Non-income producing security.

¹ Term rate bond subject to mandatory purchase at the end of the initial term, which then may be converted into another term or interest rate.  The rate is the coupon as of the end of the reporting period.

² Floating rate security.

³ Security may be exempt from Alternative Minimum Tax.

ASPIRIANT RISK-MANAGED MUNICIPAL BOND FUND 

SCHEDULE OF INVESTMENTS - Continued 

As of June 30, 2024 (Unaudited)

⁴ Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. As of June 30, 2024, the aggregate fair value of these investments is $49,815,029 or 4.0% of the Fund’s net assets.

⁵ Defaulted security.  A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.

⁶ The Private Investments are generally offered in private placement transactions and as such are often illiquid and generally restricted to resale. As of June 30, 2024, the aggregate fair value of these investments is $121,400,161 or 9.7% of the Fund’s net assets.

⁷ The investment was acquired on 3/1/2016. The cost is $19,752,111.

⁸ The investment was acquired on 3/1/2016. The cost is $74,905,725.

⁹ The investment was acquired on 3/4/2024. The cost is $965,130 or $1,042 per unit.

¹⁰ The rate is the annualized seven-day yield at period end.

AGC — Assured Guaranty Corporation

AGM — Assured Guaranty Municipal

AMBAC — American Municipal Bond Assurance Corporation

BAM — Build America Mutual Assurance Company

ETF — Exchange-Traded Fund

GNMA — Government National Mortgage Association

LLC — Limited Liability Company

LP — Limited Partnership

NATL — National Public Finance Guarantee Corporation

NATL-RE — National Rural Utilities Cooperative Finance Corporation Reinsurance

OBLG — Obligation

PSF — Permanent School Fund Guaranteed

SAW — State Aid Withholding

SIFMA — Securities Industry and Financial Markets Association

ST RES FD GTY — State Resource Fund Guaranty

ASPIRIANT RISK-MANAGED TAXABLE BOND FUND 

SCHEDULE OF INVESTMENTS 

As of June 30, 2024 (Unaudited)

Number of Shares			Value
		OPEN-END MUTUAL FUNDS — 79.5%
		CORE — 71.5%
	4,757,982	DoubleLine Total Return Bond Fund - I Class	$	41,156,547
	4,918,040	MetWest Total Return Bond Fund - Plan Class		41,163,995
	4,189,990	PIMCO Income Fund - Institutional Class		43,911,089
	2,042,729	River Canyon Total Return Bond Fund - Institutional Class		20,509,000
	6,371,273	Vanguard Total Bond Market Index Fund - Institutional Class		60,399,668
				207,140,299
		OPPORTUNISTIC — 8.0%
	1,064,438	GMO Emerging Country Debt Fund, Class VI		21,012,008
	404,911	Vanguard High-Yield Corporate Fund - Admiral Shares		2,174,373
				23,186,381
		TOTAL OPEN-END MUTUAL FUNDS
		(Cost $251,676,051)		230,326,680
		EXCHANGE-TRADED FUND — 5.0%
		OPPORTUNISTIC — 5.0%
	252,571	Vanguard Long-Term Treasury ETF		14,568,295
		TOTAL EXCHANGE-TRADED FUND
		(Cost $14,895,380)		14,568,295
		NON-TRADED BUSINESS DEVELOPMENT COMPANY — 2.1%
		OPPORTUNISTIC — 2.1%
	238,903	AG Twin Brook Capital Income Fund - I Class		6,076,566
		NON-TRADED BUSINESS DEVELOPMENT COMPANY
		(Cost $6,079,003)		6,076,566
		PRIVATE FUND1 — 3.3%
		OPPORTUNISTIC — 3.3%
		AG Direct Lending Fund IV Annex, LP* 2		9,582,940
		TOTAL PRIVATE FUND
		(Cost $7,618,313)		9,582,940
		SHORT-TERM INVESTMENT — 10.0%
	28,950,759	JPMorgan Prime Money Market Fund - Institutional Shares, 5.3%3		28,956,549
		TOTAL SHORT-TERM INVESTMENT
		(Cost $28,957,887)		28,956,549
		TOTAL INVESTMENTS — 99.9%
		(Cost $309,226,634)		289,511,030
		Other assets less liabilities — 0.1%		257,968
		TOTAL NET ASSETS — 100.0%	$	289,768,998

ASPIRIANT RISK-MANAGED TAXABLE BOND FUND 

SCHEDULE OF INVESTMENTS - Continued

As of June 30, 2024 (Unaudited)

* Non-income producing security.

¹ The Private Funds are generally offered in private placement transactions and as such are often illiquid and generally restricted as to resale.  As of June 30, 2024, the aggregate fair value of these investments is $9,582,940 or 3.3% of the Fund's net assets.

² The investment was acquired on 4/8/2022. The cost is $7,618,313.

³ The rate is the annualized seven-day yield at period end.

ETF — Exchange-Traded Fund

LP — Limited Partnership