UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File Number 811-23616
Aspiriant Risk-Managed Real Assets Fund
(Exact name of registrant as specified in charter)
c/o UMB Fund Services, Inc.
235 West Galena Street
Milwaukee, WI 53212
(Address of principal executive offices) (Zip code)
Terrance P. Gallagher
235 W. Galena Street
Milwaukee, WI 53212
(414) 299-2217
(Name and address of agent for service)
Registrant's telephone number, including area code: (414) 299-2270
Date of fiscal year end: March 31
Date of reporting period: July 1, 2022 – June 30, 2023
Item 1. Proxy Voting Record
Aspiriant Risk-Managed Real Assets Fund
| Aspiriant Fund | Security | Meeting Date | Meeting Type | Record Date | Proposal Number | Proposal Text | Proponent | Mgmt Rec | Vote Instruction | Vote Against Mgmt |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1a | Elect Frank Cohen | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1b | Elect A.J. Agarwal | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1c | Elect Wesley LePatner | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1d | Elect Brian Kim | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1e | Elect Raymon J. Beier | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1f | Elect Susan Carras | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1g | Elect Richard I. Gilchrist | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1h | Elect Field Griffith | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 1i | Elect Edward Lewis | Management | For | For | No |
| XARAX | Blackstone Real Estate Income Trust | 6/27/2023 | Annual | 3/30/2023 | 2 | Ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ended December 31, 2023 | Management | For | For | No |
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant) | Aspiriant Risk-Managed Real Assets Fund | ||
| By (Signature and Title)* | /s/ Benjamin D. Schmidt | ||
| Benjamin D. Schmidt, Chief Financial Officer |
| Date | August 18, 2023 |
