Aspiriant Risk-managed Real Asset Fund SC TO-I Issuer tender offer statement

EX-FILING FEES

Calculation of Filing Fee Tables

FORM SC TO-I
(Form Type)

Aspiriant Risk-Managed Real Assets Fund
(Exact Name of Registrant as Specified in its Charter)

Table 1 Transaction Valuation

	Transaction Valuation			Fee rate		Amount of Filing Fee
Fees to Be Paid	$	16,800,000	(1)	$	0.0001476	$	2,479.68
Fees Previously Paid
Total Transaction Valuation	$	16,800,000
Total Fees Due for Filing						$	2,479.68
Total Fees Previously Paid
Total Fee Offsets
Net Fee Due						$	2,479.68

⁽¹⁾ Estimated for purposes of calculating the amount of the filing fee only. The amount is based upon the offer to purchase up to 1,663,598 Shares (approximately 10.00% of the net assets of the Fund as of June 30, 2023) based on a net asset value per Share as of close of business on June 30, 2023 of $10.16.

Table 2 Fee Offset Claims and Sources ⁽²⁾

	Registrant or Filer Name	Form or Filing Type	File Number	Initial Filing Date	Filing Date	Fee Offset Claimed	Fee Paid with Fee Offset Source
Fee Offset Claims
Fee Offset Sources

⁽²⁾ Not applicable.