# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-007243
**Filing Date:** 2023-2
**Character Count:** 46430
**Document Hash:** 34efaf788b340a0382d7c89713ffc674
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-007243.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001145549-23-007243

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 23647838

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-914-4141

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Trust
- **DATE OF NAME CHANGE:** 20050603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Equity Trust
- **DATE OF NAME CHANGE:** 20050218

## Series and Classes Contracts Data

### Aristotle Strategic Credit Fund (Series ID: S000047916)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000150505 | Class I      | ARSSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST

- **b. Investment Company Act file number:** 811-21719

- **c. CIK number of Registrant:** 0001318342

- **d. LEI of Registrant:** 549300ESWU4ZNAH5Y054

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Aristotle Strategic Credit Fund

- **b. EDGAR series identifier (if any):** S000047916

- **c. LEI of Series:** 549300ZU1WV2HOXGS721

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $8289110.03

**Total Liabilities:** $114876.79

**Net Assets:** $8174233.24

**Cash Not Reported:** $1209.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 7.234164777595 | **1-Year:** 72.154965217499 | **5-Year:** 297.706726157838 | **10-Year:** 191.679214405164 | **30-Year:** 13.953487355304

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 10.624502047296 | **1-Year:** 339.098615814669 | **5-Year:** 1037.996033143687 | **10-Year:** 283.508846733122 | **30-Year:** 23.136252885227

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000150505 | 2.21%                | 1.43%                | -0.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8210.67                | $148362.69                                 |
| Month 2  | $-17143.18               | $99391.48                                  |
| Month 3  | $1026.70                 | $-44991.55                                 |

### Schedule of Portfolio Investments

| Name                           | Title                                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LUMEN TECHNOLOGIES INC         | Lumen Technologies, Inc.                                                          | CUSIP: 156700AT3<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     99000 | PA      | $65824.11     | 0.81%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC               | Cinemark USA, Inc.                                                                | CUSIP: 172441BC0<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75736.43     | 0.93%             | 2025-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup, Inc.                                                                   | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |     70000 | PA      | $67900.00     | 0.83%             | 2049-12-29      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES          | Continental Resources, Inc.                                                       | CUSIP: 212015AL5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76813.66     | 0.94%             | 2023-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CRESTWOOD MID PARTNER LP       | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp.               | CUSIP: 226373AP3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87000 | PA      | $84633.60     | 1.04%             | 2025-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle, Inc.                                                                | CUSIP: 22822VAR2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48180.44     | 0.59%             | 2030-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DANA INC                       | Dana, Inc.                                                                        | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     77000 | PA      | $70015.48     | 0.86%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | Delta Air Lines, Inc.                                                             | CUSIP: 247361ZU5<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37895.12     | 0.46%             | 2024-10-28      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS       | Discovery Communications LLC                                                      | CUSIP: 25470DBJ7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     83000 | PA      | $68686.73     | 0.84%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                  | DISH DBS Corp.                                                                    | CUSIP: 25470XAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92000 | PA      | $85489.53     | 1.05%             | 2024-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO         | RR Donnelley & Sons Co.                                                           | CUSIP: 257867BA8<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    186000 | PA      | $183805.20    | 2.25%             | 2023-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC               | AMC Networks, Inc.                                                                | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    121000 | PA      | $75394.86     | 0.92%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp.                                                                   | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    116000 | PA      | $79460.00     | 0.97%             | 2026-12-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd.                                                                    | CUSIP: 00928QAP6<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    113000 | PA      | $112816.38    | 1.38%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATI INC                        | ATI, Inc.                                                                         | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38251.40     | 0.47%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                        | ATI, Inc.                                                                         | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     71000 | PA      | $62522.60     | 0.76%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP         | AmeriGas Partners LP / AmeriGas Finance Corp.                                     | CUSIP: 030981AH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $63094.14     | 0.77%             | 2024-05-20      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP        | Asbury Automotive Group, Inc.                                                     | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     96000 | PA      | $80289.79     | 0.98%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA               | Beazer Homes USA, Inc.                                                            | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    121000 | PA      | $105839.91    | 1.29%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP               | Boyd Gaming Corp.                                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |     85000 | PA      | $79167.30     | 0.97%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN       | Brinker International, Inc.                                                       | CUSIP: 109641AG5<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |     91000 | PA      | $90128.49     | 1.10%             | 2023-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP            | Buckeye Partners LP                                                               | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     79000 | PA      | $69117.10     | 0.85%             | 2027-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $55765.50     | 0.68%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp.                                                       | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142129.29    | 1.74%             | 2026-07-24      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp.                                                                    | CUSIP: 143658AF9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    111000 | PA      | $109473.75    | 1.34%             | 2023-10-01      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY           | Carpenter Technology Corp.                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62147.99     | 0.76%             | 2030-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CEDAR FAIR/CAN/MAGNUM/MI       | Cedar Fair LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Op | CUSIP: 150190AK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $79335.00     | 0.97%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L       | EQM Midstream Partners LP                                                         | CUSIP: 26885BAA8<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38438.80     | 0.47%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR ENERGY RESOURCE       | Endeavor Energy Resources LP / EER Finance, Inc.                                  | CUSIP: 29260FAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $71999.25     | 0.88%             | 2028-01-30      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP          | Encompass Health Corp.                                                            | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     72000 | PA      | $65404.80     | 0.80%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP          | Encompass Health Corp.                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35125.68     | 0.43%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                                | CUSIP: 29273VAL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     45000 | PA      | $38925.00     | 0.48%             | 2170-05-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                                | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     47000 | PA      | $40615.14     | 0.50%             | 2026-11-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services, Inc.                                      | CUSIP: 31620MBY1<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53194.57     | 0.65%             | 2032-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP            | Fifth Third Bancorp                                                               | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53584.60     | 0.66%             | 2028-10-27      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY             | Ford Motor Co.                                                                    | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     45000 | PA      | $50905.35     | 0.62%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II, Inc.                                           | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $70655.62     | 0.86%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC             | Ally Financial, Inc.                                                              | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     56000 | PA      | $58036.94     | 0.71%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co., Inc.                                                | CUSIP: 37045XDR4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     87000 | PA      | $76088.46     | 0.93%             | 2027-02-26      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN          | Genesis Energy LP / Genesis Energy Finance Corp.                                  | CUSIP: 37185LAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     64000 | PA      | $58557.50     | 0.72%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group, Inc.                                                         | CUSIP: 38141GVX9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    128000 | PA      | $130235.78    | 1.59%             | 2027-10-28      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER         | Goodyear Tire & Rubber Co.                                                        | CUSIP: 382550BF7<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    113000 | PA      | $106585.78    | 1.30%             | 2026-05-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION            | Griffon Corp.                                                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |    122000 | PA      | $111630.00    | 1.37%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HESS CORP                      | Hess Corp.                                                                        | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     92000 | PA      | $87999.66     | 1.08%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HOLLYFRONTIER CORP             | HollyFrontier Corp.                                                               | CUSIP: 436106AB4<br>LEI: 549300J3U2WK73C9ZK26 | Long             | DBT              | CORP              | US        |    117000 | PA      | $114673.10    | 1.40%             | 2023-10-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST       | Service Properties Trust                                                          | CUSIP: 44106MAT9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    130000 | PA      | $112131.11    | 1.37%             | 2025-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS       | Hughes Satellite Systems Corp.                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $100735.92    | 1.23%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                      | iStar, Inc.                                                                       | CUSIP: 45031UCF6<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59548.92     | 0.73%             | 2024-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN          | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                            | CUSIP: 451102BW6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | PA      | $113114.33    | 1.38%             | 2024-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC       | iHeartCommunications, Inc.                                                        | CUSIP: 45174HBC0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92000.00     | 1.13%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JETBLUE 2020-1 CLASS B         | JetBlue 2020-1 Class B Pass-Through Trust                                         | CUSIP: 477164AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83880 | PA      | $81201.50     | 0.99%             | 2030-05-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co.                                                             | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     43000 | PA      | $40293.92     | 0.49%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC          | Bath & Body Works, Inc.                                                           | CUSIP: 501797AQ7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54604.55     | 0.67%             | 2027-01-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP               | Lamar Media Corp.                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    111000 | PA      | $101917.65    | 1.25%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL               | MGM Resorts International                                                         | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    136000 | PA      | $118674.28    | 1.45%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN       | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp.               | CUSIP: 559665AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $77400.00     | 0.95%             | 2026-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR       | Marriott Ownership Resorts, Inc.                                                  | CUSIP: 57164PAF3<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    123000 | PA      | $107106.19    | 1.31%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO           | Matador Resources Co.                                                             | CUSIP: 576485AE6<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38439.88     | 0.47%             | 2026-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                    | MetLife, Inc.                                                                     | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     44000 | PA      | $58368.64     | 0.71%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                    | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56663.31     | 0.69%             | 2028-10-18      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                | Murphy Oil Corp.                                                                  | CUSIP: 626717AJ1<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19652.60     | 0.24%             | 2025-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA         | NXP B.V. / NXP Funding LLC / NXP USA, Inc.                                        | CUSIP: 62954HBE7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     45000 | PA      | $43152.89     | 0.53%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                   | Navient Corp.                                                                     | CUSIP: 63938CAB4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    103000 | PA      | $99657.65     | 1.22%             | 2024-10-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands, Inc.                                                               | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28223.85     | 0.35%             | 2026-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP            | NuStar Logistics LP                                                               | CUSIP: 67059TAG0<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     49000 | PA      | $47169.56     | 0.58%             | 2025-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC           | Oceaneering International, Inc.                                                   | CUSIP: 675232AA0<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57302.34     | 0.70%             | 2024-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp.                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     81000 | PA      | $60437.34     | 0.74%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PDC ENERGY INC                 | PDC Energy, Inc.                                                                  | CUSIP: 69327RAG6<br>LEI: 5493008W8H2T511J5Y59 | Long             | DBT              | CORP              | US        |     82000 | PA      | $80819.94     | 0.99%             | 2024-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II             | Pacific Life Global Funding II                                                    | CUSIP: 6944PL2E8<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     87000 | PA      | $76801.51     | 0.94%             | 2026-04-14      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC       | Patterson-UTI Energy, Inc.                                                        | CUSIP: 703481AB7<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |     90000 | PA      | $79528.50     | 0.97%             | 2028-02-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP        | Penske Automotive Group, Inc.                                                     | CUSIP: 70959WAJ2<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46403.00     | 0.57%             | 2025-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| QVC INC                        | QVC, Inc.                                                                         | CUSIP: 747262AS2<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |     58000 | PA      | $53650.00     | 0.66%             | 2024-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN       | RHP Hotel Properties LP / RHP Finance Corp.                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $91406.11     | 1.12%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC               | Radian Group, Inc.                                                                | CUSIP: 750236AX9<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64048.79     | 0.78%             | 2025-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP       | Sally Holdings LLC / Sally Capital, Inc.                                          | CUSIP: 79546VAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $81880.08     | 1.00%             | 2025-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                    | Southern Co.                                                                      | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    122000 | PA      | $121690.73    | 1.49%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO         | Southwestern Energy Co.                                                           | CUSIP: 845467AL3<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    118000 | PA      | $115934.76    | 1.42%             | 2025-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp.                                                             | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    129000 | PA      | $122663.52    | 1.50%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC         | Spirit AeroSystems, Inc.                                                          | CUSIP: 85205TAG5<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     87000 | PA      | $78735.35     | 0.96%             | 2026-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP            | Sprint Capital Corp.                                                              | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |     67000 | PA      | $79736.70     | 0.98%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST        | Starwood Property Trust, Inc.                                                     | CUSIP: 85571BAL9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    127000 | PA      | $121189.75    | 1.48%             | 2025-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP         | Sunoco LP / Sunoco Finance Corp.                                                  | CUSIP: 86765LAN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    106000 | PA      | $100386.35    | 1.23%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC           | Tri Pointe Homes, Inc.                                                            | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $90165.73     | 1.10%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp.                                                             | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     44000 | PA      | $37997.17     | 0.46%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP          | Tenet Healthcare Corp.                                                            | CUSIP: 88033GCS7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     83000 | PA      | $80946.33     | 0.99%             | 2024-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE        | Teva Pharmaceutical Finance Netherlands III B.V.                                  | CUSIP: 88167AAD3<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    102000 | PA      | $99705.00     | 1.22%             | 2023-07-21      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| TITAN INTERNATIONAL INC        | Titan International, Inc.                                                         | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |    107000 | PA      | $101020.95    | 1.24%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 B PTT        | United Airlines 2019-2 Class B Pass-Through Trust                                 | CUSIP: 90932KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145898 | PA      | $125692.31    | 1.54%             | 2029-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS       | United Airlines Holdings, Inc.                                                    | CUSIP: 910047AK5<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148025.00    | 1.81%             | 2025-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America, Inc.                                                | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38465.87     | 0.47%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERISIGN INC                   | VeriSign, Inc.                                                                    | CUSIP: 92343EAL6<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |     82000 | PA      | $79267.51     | 0.97%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications, Inc.                                                      | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     68000 | PA      | $56015.95     | 0.69%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC           | Vermilion Energy, Inc.                                                            | CUSIP: 923725AD7<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $73187.68     | 0.90%             | 2030-05-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co., Inc.                                          | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $78231.30     | 0.96%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co.                                                                 | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |        60 | NS      | $71411.70     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                                    | CUSIP: 958667AB3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     85000 | PA      | $80472.90     | 0.98%             | 2025-02-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO            | Travel + Leisure Co.                                                              | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    110000 | PA      | $104399.90    | 1.28%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| XILINX INC                     | Xilinx, Inc.                                                                      | CUSIP: 983919AJ0<br>LEI: 6EY4K7ZMF9UX1CU6KC79 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38927.20     | 0.48%             | 2024-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC               | CSC Holdings LLC                                                                  | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    134448 | PA      | $120499.14    | 1.47%             | 2027-04-15      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| PRESIDIO HOLDING INC           | Presidio Holdings, Inc.                                                           | CUSIP: 74101YAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     29250 | PA      | $28838.75     | 0.35%             | 2026-12-19      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP          | AAdvantage Loyalty IP Ltd.                                                        | CUSIP: 02376CBJ3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    160000 | PA      | $159575.20    | 1.95%             | 2028-04-20      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORP                   | Griffon Corp.                                                                     | CUSIP: 39843GAJ2<br>LEI: 5493000C2SGNC7ZN3242 | Long             | LON              | CORP              | US        |     31000 | PA      | $30525.39     | 0.37%             | 2029-01-24      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square | Goldman Sachs Financial Square Government Fund - Class FST                        | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    188357 | PA      | $188357.48    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-06

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST

**Signature:** /s/ Terrance P. Gallagher

**Name of Signer:** Terrance P. Gallagher

**Title:** Assistant Vice President