# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-018061
**Filing Date:** 2023-3
**Character Count:** 86724
**Document Hash:** b81437f32d8165b4f4fc1f5ef7a13479
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-018061.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001145549-23-018061

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20230430

**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:** 23763451

**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

### Knowledge Leaders Developed World ETF (Series ID: S000068493)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000219048 | Knowledge Leaders Developed World ETF | KLDW            |

## Nport-Ex

#### Knowledge Leaders Developed World ETF

#### SCHEDULE OF INVESTMENTS

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 99.1%** | **COMMON STOCKS — 99.1%** |
|  | **AUSTRALIA — 2.9%** | **AUSTRALIA — 2.9%** |
| 83203 | ALS Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$765109 |
| 40761 | IDP Education Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896134 |
| 463285 | Star Entertainment Grp Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633320 |
| 76502 | Technology One Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780575 |
| 58289 | Whitehaven Coal Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345016 |
| 108168 | Yancoal Australia Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448939 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3869093** |
|  | **AUSTRIA — 0.9%** | **AUSTRIA — 0.9%** |
| 34391 | Voestalpine AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1135450** |
|  | **CANADA — 3.2%** | **CANADA — 3.2%** |
| 35218 | CAE, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795927 |
| 6582 | Colliers International Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705985 |
| 12214 | Descartes Systems Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888807 |
| 1786 | Lululemon Athletica, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548088 |
| 9070 | Ritchie Bros Auctioneers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548463 |
| 14261 | Shopify, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702639 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4189909** |
|  | **DENMARK — 1.7%** | **DENMARK — 1.7%** |
| 7416 | Coloplast A/S - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;890596 |
| 12598 | Demant A/S\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354685 |
| 12745 | Pandora A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1053121 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2298402** |
|  | **FINLAND — 0.7%** | **FINLAND — 0.7%** |
| 16979 | ORION Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**907066** |
|  | **FRANCE — 2.4%** | **FRANCE — 2.4%** |
| 4310 | Air Liquide S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683689 |
| 18774 | Dassault Systemes S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694466 |
| 3678 | EssilorLuxottica S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670675 |
| 5270 | Pernod Ricard S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1086890 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3135720** |
|  | **GERMANY — 4.9%** | **GERMANY — 4.9%** |
| 34811 | Fresenius SE & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1003006 |
| 26653 | HeidelbergCement AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817840 |
| 21100 | Kion Group AG - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844900 |
| 4873 | Merck KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011098 |
| 7684 | Nemetschek S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407830 |
| 4442 | Symrise AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470266 |
| 20264 | Zalando SE <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937309 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6492249** |

---

------

#### Knowledge Leaders Developed World ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **IRELAND — 0.6%** | **IRELAND — 0.6%** |
| 11888 | Kingspan Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$759165** |
|  | **ISRAEL — 1.2%** | **ISRAEL — 1.2%** |
| 55335 | ICL Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435576 |
| 48413 | Maytronics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585644 |
| 1721 | SolarEdge Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549223 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1570443** |
|  | **ITALY — 1.6%** | **ITALY — 1.6%** |
| 22577 | Interpump Group S.p.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1171553 |
| 15884 | Moncler S.p.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;986747 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2158300** |
|  | **JAPAN — 35.9%** | **JAPAN — 35.9%** |
| 15644 | ABC-Mart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840875 |
| 37700 | Asics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;889992 |
| 10400 | Bandai Namco Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692240 |
| 35100 | Benefit One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574091 |
| 37200 | Brother Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574970 |
| 31100 | Capcom Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1004422 |
| 118300 | Coca-Cola Bottlers Japan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1240810 |
| 188400 | Daicel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1384985 |
| 16700 | Daiichi Sankyo Co., Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521887 |
| 19100 | Denso Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1023993 |
| 16200 | Descente Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444723 |
| 31500 | Ebara Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1324964 |
| 35872 | Fancl Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725191 |
| 33800 | Food & Life Cos. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745942 |
| 21800 | Fuji Electric Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875051 |
| 19240 | FUJIFILM Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011378 |
| 6900 | Fujitsu Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982114 |
| 15400 | Hamamatsu Photonics KK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;817102 |
| 29384 | Hoshizaki Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1051809 |
| 19396 | Information Services International-Dentsu Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639101 |
| 88700 | J Front Retailing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823942 |
| 46100 | Kansai Paint Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644468 |
| 73756 | Kirin Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133748 |
| 11500 | Konami Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563305 |
| 5670 | Kose Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621304 |
| 23100 | Kyowa Kirin Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513353 |
| 4300 | Lasertec Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844162 |
| 20100 | M3, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542049 |
| 43900 | Makita Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1161260 |
| 14000 | Matsumotokiyoshi Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696528 |

---

------

#### Knowledge Leaders Developed World ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **JAPAN (Continued)** | **JAPAN (Continued)** |
| 335000 | Mitsubishi Chemical Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1870456 |
| 63000 | Mitsui Chemicals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1475143 |
| 44450 | Miura Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1104029 |
| 25200 | Nexon Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605560 |
| 39732 | Nifco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025036 |
| 41200 | Nihon Kohden Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1078750 |
| 45900 | Nihon M&A Center, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463430 |
| 79000 | Nikon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775147 |
| 17800 | Nissan Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834942 |
| 22600 | Nomura Research Institute Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538737 |
| 19100 | OBIC Business Consultants Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744642 |
| 22600 | Olympus Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422039 |
| 19200 | Omron Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1101403 |
| 41300 | Ono Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896694 |
| 52596 | Pigeon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832347 |
| 38200 | Rakus Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515228 |
| 30800 | Rohto Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567708 |
| 15400 | SCREEN Holdings Co., Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133285 |
| 68700 | SCSK Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1113611 |
| 47500 | Sega Sammy Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749145 |
| 34100 | Shimadzu Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041001 |
| 109400 | Sumitomo Pharma Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765535 |
| 15400 | Toho Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566642 |
| 20500 | Toyota Industries Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1240609 |
| 47100 | Yamaha Motor Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1153551 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47524429** |
|  | **NETHERLANDS — 1.4%** | **NETHERLANDS — 1.4%** |
| 7958 | Koninklijke DSM N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017256 |
| 48239 | Koninklijke Philips N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828599 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1845855** |
|  | **SINGAPORE — 1.0%** | **SINGAPORE — 1.0%** |
| 1048821 | Sheng Siong Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1308682** |
|  | **SPAIN — 0.8%** | **SPAIN — 0.8%** |
| 33977 | Industria de Diseno Textil S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1056099** |
|  | **SWEDEN — 5.9%** | **SWEDEN — 5.9%** |
| 38322 | AddTech AB - B Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609064 |
| 85755 | Atlas Copco AB - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1010241 |
| 28666 | Epiroc AB - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555534 |
| 42547 | Essity AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1108194 |
| 25223 | Getinge AB - B Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565179 |

---

------

#### Knowledge Leaders Developed World ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **SWEDEN (Continued)** | **SWEDEN (Continued)** |
| 48754 | Investment AB Latour | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1022596 |
| 55344 | Sandvik AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1138618 |
| 5218 | Spotify Technology S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588173 |
| 62253 | VOLVO AB - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1229922 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7827521** |
|  | **SWITZERLAND — 2.3%** | **SWITZERLAND — 2.3%** |
| 1362 | Geberit AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767316 |
| 12889 | Nestle S.A. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1575229 |
| 2272 | Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705402 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3047947** |
|  | **UNITED KINGDOM — 6.4%** | **UNITED KINGDOM — 6.4%** |
| 315861 | British Land Company Plc - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1720301 |
| 32559 | Burberry Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;986452 |
| 173789 | ConvaTec Group PLC<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501075 |
| 6944 | Croda International PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588667 |
| 50627 | Entain PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927736 |
| 34028 | IMI PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606175 |
| 115862 | Sage Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1108010 |
| 61855 | Smiths Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1315105 |
| 4752 | Spirax-Sarco Engineering PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674527 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8428048** |
|  | **UNITED STATES — 25.3%** | **UNITED STATES — 25.3%** |
| 5989 | Activision Blizzard, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458578 |
| 7539 | Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1146531 |
| 21233 | Amphenol Corp. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1693756 |
| 4199 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720003 |
| 3704 | Becton, Dickinson and Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934223 |
| 9103 | Block, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743897 |
| 9789 | Bristol-Myers Squibb Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711171 |
| 15216 | Brown-Forman Corp. - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013081 |
| 1952 | Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866180 |
| 23276 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1132843 |
| 10306 | Corteva, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664222 |
| 3978 | Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1051704 |
| 3234 | Dollar Tree, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485682 |
| 4355 | Eaton Corp. PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;706425 |
| 6632 | Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853406 |
| 1770 | Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609146 |
| 14045 | Emerson Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1267140 |
| 1262 | Enphase Energy, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279382 |
| 16835 | Fastenal Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851009 |

---

------

#### Knowledge Leaders Developed World ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **UNITED STATES (Continued)** | **UNITED STATES (Continued)** |
| 7620 | Fortinet, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$398831 |
| 7512 | Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260664 |
| 14144 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1187247 |
| 5811 | Global Payments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655016 |
| 15731 | Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880936 |
| 2478 | Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1047376 |
| 28153 | Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993238 |
| 1803 | Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901680 |
| 1431 | Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610407 |
| 8905 | ON Semiconductor Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654072 |
| 28728 | Paramount Global - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665340 |
| 2706 | Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882156 |
| 5559 | Paychex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644066 |
| 6412 | PayPal Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522514 |
| 5589 | PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728470 |
| 4355 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580130 |
| 2167 | Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;924767 |
| 2778 | Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705084 |
| 4286 | Synopsys, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1516172 |
| 1803 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1028305 |
| 34884 | Warner Bros Discovery, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516981 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**33491831** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $102,599,420) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**131046209** |
|  | **WARRANTS — 0.0%** | **WARRANTS — 0.0%** |
|  | **SWITZERLAND — 0.0%** | **SWITZERLAND — 0.0%** |
| 26568 | Cie Financiere Richemont S.A., Expiration Date: November 22, 2023\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30653 |
|  | **TOTAL WARRANTS** |  |
|  | (Cost $0) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30653** |

---

------

#### Knowledge Leaders Developed World ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | |
|:---|:---|
|  | Value |
| **TOTAL INVESTMENTS — 99.1%** |  |
| (Cost $102,599,420) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$131076862** |

---

---

| | |
|:---|:---|
| Other Assets in Excess of Liabilities — 0.9% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1238241 |
| **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$132315103** |

---

ADR – American Depository Receipt <br> PLC – Public Limited Company <br> REIT – Real Estate Investment Trusts

\* Non-income producing security.

<sup>1</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $1,438,384, which represents 1.09% of total net assets of the Fund.

## 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:** Knowledge Leaders Developed World ETF

- **b. EDGAR series identifier (if any):** S000068493

- **c. LEI of Series:** 549300JMUJ8EMU46RD47

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $132401724.17

**Total Liabilities:** $87730.92

**Net Assets:** $132313993.25

**Cash Not Reported:** $829630.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219048 | 9.23%                | -2.13%               | 7.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1471179.23              | $9242057.09                                |
| Month 2  | $13805.30                | $-2843033.67                               |
| Month 3  | $-439626.73              | $9729286.80                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Stryker Corporation                       | Stryker Corporation COM USD0.10                                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      2778 | NS      | $705084.18    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                  | Lululemon Athletica Inc. COM USD0.005                           | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      1786 | NS      | $548087.68    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                              | Synopsys Inc COM USD0.01                                        | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      4286 | NS      | $1516172.50   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                           | Eli Lilly & Co. COM NPV                                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1770 | NS      | $609145.50    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Incorporation             | Paypal Holdings Incorporation COM USD0.0001                     | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6412 | NS      | $522513.88    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                    | ON Semiconductor Corp. COM USD0.01                              | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      8905 | NS      | $654072.25    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitehaven Coal Ltd.                      | Whitehaven Coal Ltd. NPV                                        | CUSIP: Q97664108<br>LEI: 529900WCZ4I6ZO3RRP86 | Long             | EC               | CORP              | AU        |     58289 | NS      | $345016.07    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| The Star Entertainment Group Ltd.         | The Star Entertainment Group Ltd. NPV                           | CUSIP: Q8719T103<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    463285 | NS      | $633320.30    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| IDP Education Ltd.                        | IDP Education Ltd. NPV                                          | CUSIP: Q48215109<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     40761 | NS      | $896133.81    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ALS Ltd.                                  | ALS Ltd. NPV                                                    | CUSIP: Q0266A116<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |     83203 | NS      | $765108.34    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnologyOne Ltd.                        | TechnologyOne Ltd. NPV                                          | CUSIP: Q89275103<br>LEI: 875500YEWBJIM91P9N12 | Long             | EC               | CORP              | AU        |     76502 | NS      | $780575.27    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc          | Colliers International Group Inc SUB VTG COM NPV                | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | US        |      6582 | NS      | $705985.32    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CAE Inc                                   | CAE Inc COM NPV                                                 | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |     35218 | NS      | $795926.80    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Demant A/S                                | Demant A/S DKK0.20                                              | CUSIP: K3008M105<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |     12598 | NS      | $354685.44    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Asics Corp                                | Asics Corp NPV                                                  | CUSIP: J03234150<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |     37700 | NS      | $889991.93    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Voestalpine AG                            | Voestalpine AG NPV                                              | CUSIP: A9101Y103<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |     34391 | NS      | $1135450.48   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Yancoal Australia Ltd                     | Yancoal Australia Ltd NPV                                       | CUSIP: Q9869P115<br>LEI: 3003003IC6G39HKQAD13 | Long             | EC               | CORP              | AU        |    108168 | NS      | $448939.20    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Oyj                                 | Orion Oyj SER'B'NPV                                             | CUSIP: X6002Y112<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |     16979 | NS      | $907065.70    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.              | Descartes Systems Group Inc. COM NPV                            | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     12214 | NS      | $888806.83    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast AS                              | Coloplast AS SER'B'DKK1                                         | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |      7416 | NS      | $890595.58    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                               | Pandora A/S DKK1                                                | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     12745 | NS      | $1053121.26   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                               | Shopify Inc COM NPV CL A                                        | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     14261 | NS      | $702639.47    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ritchie Bros Auctioneers Inc              | Ritchie Bros Auctioneers Inc COM NPV                            | CUSIP: 767744105<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      9070 | NS      | $548462.90    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes                         | Dassault Systemes EUR0.10                                       | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     18774 | NS      | $694466.45    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Brother Industries Ltd                    | Brother Industries Ltd NPV                                      | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |     37200 | NS      | $574970.20    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                                | Zalando SE NPV                                                  | CUSIP: D98423102<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |     20264 | NS      | $937308.66    | 0.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Pernod Ricard SA                          | Pernod Ricard SA EUR1.55                                        | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      5270 | NS      | $1086889.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                                | Merck KGaA NPV                                                  | CUSIP: D5357W103<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |      4873 | NS      | $1011098.03   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                          | Paramount Global CLASS B COM                                    | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     28728 | NS      | $665340.48    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                        | Kingspan Group PLC ORD EUR0.13                                  | CUSIP: G52654103<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     11888 | NS      | $759164.57    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kion Group AG                             | Kion Group AG NPV                                               | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     21100 | NS      | $844900.18    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                | Symrise AG NPV (BR)                                             | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |      4442 | NS      | $470266.33    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                             | Nemetschek SE ORD NPV                                           | CUSIP: D56134105<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |      7684 | NS      | $407830.32    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HeidelbergCement AG                       | HeidelbergCement AG NPV                                         | CUSIP: D31709104<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     26653 | NS      | $1817839.58   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                   | Fresenius SE & Co. KGaA NPV                                     | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     34811 | NS      | $1003006.07   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group                           | Interpump Group EUR0.52                                         | CUSIP: T5513W107<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |     22577 | NS      | $1171553.67   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Maytronics Ltd                            | Maytronics Ltd ILS0.1                                           | CUSIP: M68728100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     48413 | NS      | $585643.95    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ICL Group Ltd                             | ICL Group Ltd ILS1                                              | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |     55335 | NS      | $435576.26    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Entain PLC                                | Entain PLC ORD EUR0.01                                          | CUSIP: G3167C109<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | IM        |     50627 | NS      | $927735.88    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                     | Eaton Corporation PLC COM USD0.01                               | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      4355 | NS      | $706424.55    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                       | EssilorLuxottica SA EUR0.18                                     | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      3678 | NS      | $670675.18    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyowa Hakko Kirin Co Ltd                  | Kyowa Hakko Kirin Co Ltd NPV                                    | CUSIP: J38296117<br>LEI: 529900TBXKVTQGYA3582 | Long             | EC               | CORP              | JP        |     23100 | NS      | $513353.07    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Capcom Co Ltd                             | Capcom Co Ltd NPV                                               | CUSIP: J05187109<br>LEI: 529900JJWQKXS3TC8744 | Long             | EC               | CORP              | JP        |     31100 | NS      | $1004421.55   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Ltd                               | Fujitsu Ltd NPV                                                 | CUSIP: J15708159<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |      6900 | NS      | $982113.88    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fancl Corp                                | Fancl Corp NPV                                                  | CUSIP: J1341M107<br>LEI: 3538004V8SS9O9BA8I42 | Long             | EC               | CORP              | JP        |     35872 | NS      | $725191.19    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide S.A.(L')                      | Air Liquide S.A.(L') EUR5.50                                    | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      4310 | NS      | $683688.66    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler S.p.A.                            | Moncler S.p.A. NPV                                              | CUSIP: T6730E110<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |     15884 | NS      | $986746.78    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Descente Ltd                              | Descente Ltd NPV                                                | CUSIP: J12138103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16200 | NS      | $444722.98    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Screen Holdings Co Ltd                    | Screen Holdings Co Ltd NPV                                      | CUSIP: J6988U114<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |     15400 | NS      | $1133284.63   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Pharma Co Ltd.                   | Sumitomo Pharma Co Ltd. NPV                                     | CUSIP: J10542116<br>LEI: 529900D60UKVYLJ2OJ79 | Long             | EC               | CORP              | JP        |    109400 | NS      | $765535.01    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Daicel Corp.                              | Daicel Corp. NPV                                                | CUSIP: J08484149<br>LEI: 353800ZG4XF6D7NZGS72 | Long             | EC               | CORP              | JP        |    188400 | NS      | $1384985.20   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KOSE Corp.                                | KOSE Corp. NPV                                                  | CUSIP: J3622S100<br>LEI: 353800NX4GGAVDHHY664 | Long             | EC               | CORP              | JP        |      5670 | NS      | $621304.16    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Business Consultants Co Ltd.         | OBIC Business Consultants Co Ltd. NPV                           | CUSIP: J59469106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19100 | NS      | $744642.24    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca Cola Bottlers Japan Inc.             | Coca Cola Bottlers Japan Inc. NPV                               | CUSIP: J0815C108<br>LEI: 353800XN1G90665VTQ16 | Long             | EC               | CORP              | JP        |    118300 | NS      | $1240810.49   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corp.                   | FUJIFILM Holdings Corp. NPV                                     | CUSIP: J14208102<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |     19240 | NS      | $1011377.91   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Electric Co., Ltd.                   | Fuji Electric Co., Ltd. NPV                                     | CUSIP: J14112106<br>LEI: 5299000HVNGZZTYYM906 | Long             | EC               | CORP              | JP        |     21800 | NS      | $875050.94    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Chemicals Inc                      | Mitsui Chemicals Inc NPV                                        | CUSIP: J4466L136<br>LEI: 353800H2UB5ZEZRZQC02 | Long             | EC               | CORP              | JP        |     63000 | NS      | $1475143.22   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Information Services Int'l -Dentsu, Ltd.  | Information Services Int'l -Dentsu, Ltd. NPV                    | CUSIP: J2388L101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19396 | NS      | $639100.77    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ABC-Mart Inc.                             | ABC-Mart Inc. NPV                                               | CUSIP: J00056101<br>LEI: 353800AXWW4CMTSJWL33 | Long             | EC               | CORP              | JP        |     15644 | NS      | $840874.77    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corp.                            | Lasertec Corp. NPV                                              | CUSIP: J38702106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4300 | NS      | $844161.64    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corporation                  | Konami Group Corporation NPV                                    | CUSIP: J3600L101<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |     11500 | NS      | $563305.01    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirin Holdings Co Ltd                     | Kirin Holdings Co Ltd NPV                                       | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |     73756 | NS      | $1133747.89   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Paint Co., Ltd.                    | Kansai Paint Co., Ltd. NPV                                      | CUSIP: J30255129<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |     46100 | NS      | $644467.68    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamamatsu Photonic                        | Hamamatsu Photonic NPV                                          | CUSIP: J18270108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15400 | NS      | $817101.77    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd             | Nomura Research Institute Ltd NPV                               | CUSIP: J5900F106<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |     22600 | NS      | $538736.59    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                                | Denso Corp NPV                                                  | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     19100 | NS      | $1023993.23   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon Kohden Corp                         | Nihon Kohden Corp NPV                                           | CUSIP: J50538115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     41200 | NS      | $1078749.66   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Nifco Inc                                 | Nifco Inc NPV                                                   | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |     39732 | NS      | $1025036.41   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Miura Co Ltd                              | Miura Co Ltd NPV                                                | CUSIP: J45593100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     44450 | NS      | $1104029.37   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Omron Tateisi Electronics Co              | Omron Tateisi Electronics Co NPV                                | CUSIP: J61374120<br>LEI: 549300ZHW0TR2QZ0NY83 | Long             | EC               | CORP              | JP        |     19200 | NS      | $1101403.36   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Benefit One Inc                           | Benefit One Inc NPV                                             | CUSIP: J0447X108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     35100 | NS      | $574091.28    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pigeon Corp                               | Pigeon Corp NPV                                                 | CUSIP: J63739106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52596 | NS      | $832347.02    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ONO Pharmaceutical Co Ltd                 | ONO Pharmaceutical Co Ltd NPV                                   | CUSIP: J61546115<br>LEI: 529900G26L4NG4GFJZ86 | Long             | EC               | CORP              | JP        |     41300 | NS      | $896693.84    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp.                             | Olympus Corp. NPV                                               | CUSIP: J61240107<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |     22600 | NS      | $422039.29    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Makita Electric Works Ltd                 | Makita Electric Works Ltd NPV                                   | CUSIP: J39584107<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     43900 | NS      | $1161259.56   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Nikon Corp                                | Nikon Corp NPV                                                  | CUSIP: 654111103<br>LEI: 549300X7LIS9RFELXJ98 | Long             | EC               | CORP              | JP        |     79000 | NS      | $775147.06    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissan Chemical Corp.                     | Nissan Chemical Corp. NPV                                       | CUSIP: J56988108<br>LEI: 3538002E4L1CUGJFFU25 | Long             | EC               | CORP              | JP        |     17800 | NS      | $834941.75    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamaha Motor Co Ltd.                      | Yamaha Motor Co Ltd. NPV                                        | CUSIP: J95776126<br>LEI: 3538004LR5NXILJDHY88 | Long             | EC               | CORP              | JP        |     47100 | NS      | $1153550.69   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Industries Corp.                   | Toyota Industries Corp. NPV                                     | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     20500 | NS      | $1240609.02   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Toho Co Ltd                               | Toho Co Ltd NPV                                                 | CUSIP: J84764117<br>LEI: 529900IYHHYWU4O3H185 | Long             | EC               | CORP              | JP        |     15400 | NS      | $566642.32    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Scsk Corp                                 | Scsk Corp NPV                                                   | CUSIP: J70081104<br>LEI: 529900SNGFXMSUBB7864 | Long             | EC               | CORP              | JP        |     68700 | NS      | $1113611.44   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimadzu Corp                             | Shimadzu Corp NPV                                               | CUSIP: J72165129<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     34100 | NS      | $1041001.19   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Rohto Pharmaceutical Co Ltd               | Rohto Pharmaceutical Co Ltd NPV                                 | CUSIP: J65371106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30800 | NS      | $567708.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Chemical Group Corporation     | Mitsubishi Chemical Group Corporation NPV                       | CUSIP: J44046100<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |    335000 | NS      | $1870456.38   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc                 | Bandai Namco Holdings Inc NPV                                   | CUSIP: Y0606D102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10400 | NS      | $692240.38    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd.                    | Daiichi Sankyo Co Ltd. NPV                                      | CUSIP: J11257102<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |     16700 | NS      | $521887.04    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik AB                                | Sandvik AB NPV                                                  | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     55344 | NS      | $1138617.51   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| M3, Inc.                                  | M3, Inc. NPV                                                    | CUSIP: J4697J108<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |     20100 | NS      | $542048.52    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                        | Ingersoll Rand Inc COM                                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     15731 | NS      | $880936.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc              | Thermo Fisher Scientific Inc COM USD1                           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1803 | NS      | $1028304.99   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexon Co Ltd                              | Nexon Co Ltd NPV                                                | CUSIP: J4914X104<br>LEI: 5299005SFO0GAJFLKN43 | Long             | EC               | CORP              | JP        |     25200 | NS      | $605559.61    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                      | Electronic Arts Inc. COM USD0.01                                | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      6632 | NS      | $853405.76    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Matsukiyococokara & Co                    | Matsukiyococokara & Co NPV                                      | CUSIP: J41208109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14000 | NS      | $696528.12    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| J. Front Retailing Co Ltd.                | J. Front Retailing Co Ltd. NPV                                  | CUSIP: J28711109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     88700 | NS      | $823942.48    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon M&A Center Holdings Inc.            | Nihon M&A Center Holdings Inc. NPV                              | CUSIP: J50883107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     45900 | NS      | $463429.58    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Inditex (Industria de Diseno Textil S.A.) | Inditex (Industria de Diseno Textil S.A.) EUR0.03 (POST SUBD)   | CUSIP: E6282J125<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     33977 | NS      | $1056098.61   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                   | Activision Blizzard Inc COM USD0.000001                         | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      5989 | NS      | $458577.73    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal DSM N V                             | Royal DSM N V EUR1.50                                           | CUSIP: N5017D122<br>LEI: 724500SNT1MK246AHP04 | Long             | EC               | CORP              | NL        |      7958 | NS      | $1017255.88   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Philips NV                          | Royal Philips NV EUR0.20                                        | CUSIP: N7637U112<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |     48239 | NS      | $828599.68    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                   | Spotify Technology S.A. COM EUR0.000625                         | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      5218 | NS      | $588172.96    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Food & Life Companies Ltd.                | Food & Life Companies Ltd. NPV                                  | CUSIP: J1358G100<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |     33800 | NS      | $745941.79    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa         | Compagnie Financiere Richemont Sa WTS 22/11/23 (TO SUB FOR ORD) | CUSIP: H25663123<br>LEI: 549300YIPGJ6UX2QPS51 | N/A              | DE               | CORP              | CH        |     26568 | NC      | $30652.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Company PLC                  | British Land Company PLC ORD GBP0.25                            | CUSIP: G15540118<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               | CORP              | GB        |    315861 | NS      | $1720301.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity Aktiebolag                         | Essity Aktiebolag SER'B'NPV                                     | CUSIP: W3R06F100<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |     42547 | NS      | $1108193.75   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sheng Siong Group Ltd                     | Sheng Siong Group Ltd NPV                                       | CUSIP: Y7709X109<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   1048821 | NS      | $1308682.19   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                                  | Volvo AB SER'B'NPV                                              | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     62253 | NS      | $1229921.59   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Getinge AB                                | Getinge AB SER'B'NPV                                            | CUSIP: W3443C107<br>LEI: 5493003PZ4F570G3W735 | Long             | EC               | CORP              | SE        |     25223 | NS      | $565179.45    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                 | Nestle SA SPON ADR REPR 1 COM CHF0.10                           | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     12889 | NS      | $1575229.14   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holdings AG                         | Roche Holdings AG GENUSSCHEINE NPV                              | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |      2272 | NS      | $705401.90    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Addtech AB                                | Addtech AB SER'B'NPV                                            | CUSIP: W4260L147<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |     38322 | NS      | $609064.24    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Investment AB Latour (publ)               | Investment AB Latour (publ) SER'B'NPV                           | CUSIP: W5R10B108<br>LEI: 5493006GFBLNB3Y0Y789 | Long             | EC               | CORP              | SE        |     48754 | NS      | $1022596.27   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                 | Epiroc AB SER'A'NPV                                             | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |     28666 | NS      | $555534.15    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                | Geberit AG CHF0.10 (REGD)                                       | CUSIP: H2942E124<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      1362 | NS      | $767315.59    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                                   | IMI PLC ORD GBP0.28571428                                       | CUSIP: G47152114<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |     34028 | NS      | $606175.35    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                            | Atlas Copco AB SER'A'NPV                                        | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     85755 | NS      | $1010241.05   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ConvaTec Group PLC                        | ConvaTec Group PLC ORD GBP0.1                                   | CUSIP: G23969101<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    173789 | NS      | $501074.73    | 0.38%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sage Group PLC                            | Sage Group PLC GBP0.01051948                                    | CUSIP: G7771K142<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |    115862 | NS      | $1108009.69   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC                        | Burberry Group PLC ORD GBP0.0005                                | CUSIP: G1700D105<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |     32559 | NS      | $986452.08    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Smiths Group PLC                          | Smiths Group PLC ORD GBP0.375                                   | CUSIP: G82401111<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |     61855 | NS      | $1315105.12   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sega Sammy Holdings Inc.                  | Sega Sammy Holdings Inc. NPV                                    | CUSIP: J7028D104<br>LEI: 5493006B6WMKNQ8QNP51 | Long             | EC               | CORP              | JP        |     47500 | NS      | $749144.53    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                        | Brown-Forman Corp. COM USD0.15 CLASS B                          | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     15216 | NS      | $1013081.28   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoshizaki Corp.                           | Hoshizaki Corp. NPV                                             | CUSIP: J23254105<br>LEI: 5299001QAMLGU3SRBG20 | Long             | EC               | CORP              | JP        |     29384 | NS      | $1051809.14   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakus Co Ltd                              | Rakus Co Ltd NPV                                                | CUSIP: J6S879103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     38200 | NS      | $515227.81    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax-Sarco Eng                          | Spirax-Sarco Eng ORD GBP0.269230769                             | CUSIP: G83561129<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |      4752 | NS      | $674526.57    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                   | Croda International PLC ORD GBP0.10609756                       | CUSIP: G25536155<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |      6944 | NS      | $588667.49    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company              | Bristol-Myers Squibb Company COM USD0.10                        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      9789 | NS      | $711170.85    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company             | Becton, Dickinson and Company COM USD1.00                       | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      3704 | NS      | $934222.88    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                      | Amphenol Corporation CL'A'COM USD0.001                          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     21233 | NS      | $1693756.41   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ebara Corp                                | Ebara Corp NPV                                                  | CUSIP: J12600128<br>LEI: 353800UV8U3SOMCDTI49 | Long             | EC               | CORP              | JP        |     31500 | NS      | $1324964.44   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                | Intuit Inc COM USD0.01                                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      2478 | NS      | $1047376.26   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                      | Keurig Dr Pepper Inc COM USD0.01                                | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     28153 | NS      | $993237.84    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                           | Dollar Tree Inc COM USD0.01                                     | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      3234 | NS      | $485682.12    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.                 | Agilent Technologies Inc. COM USD0.01                           | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      7539 | NS      | $1146531.12   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                       | Danaher Corporation COM USD0.01                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      3978 | NS      | $1051703.64   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                               | Corteva Inc COM USD0.01                                         | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     10306 | NS      | $664221.70    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                        | Cintas Corporation COM NPV                                      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1952 | NS      | $866180.48    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                       | Cisco Systems, Inc. COM USD0.001                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     23276 | NS      | $1132842.92   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                     | Gilead Sciences, Inc. COM USD0.001                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     14144 | NS      | $1187247.36   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                          | Genuine Parts Co COM USD1.00                                    | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      7512 | NS      | $1260663.84   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                              | Fortinet Inc COM USD0.001                                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      7620 | NS      | $398830.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                              | Fastenal Co. COM USD0.01                                        | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     16835 | NS      | $851009.25    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                        | Enphase Energy Inc COM USD0.00001                               | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      1262 | NS      | $279381.56    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                      | Emerson Electric Co. COM USD0.50                                | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     14045 | NS      | $1267139.90   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                             | QUALCOMM Inc. COM USD0.0001                                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      4355 | NS      | $580129.55    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.             | Monolithic Power Systems Inc. COM STK USD0.001                  | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1431 | NS      | $610407.36    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.               | Warner Bros. Discovery Inc. COM SER A                           | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     34884 | NS      | $516980.88    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                       | Analog Devices Inc. COM USD0.16 2/3                             | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      4199 | NS      | $720002.53    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                  | Lam Research Corporation COM USD0.001                           | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1803 | NS      | $901680.30    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                       | Global Payments Inc COM NPV                                     | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      5811 | NS      | $655015.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                 | Block Inc COM USD0.0000001 CL A                                 | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      9103 | NS      | $743897.16    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaredge Technologies Inc                | Solaredge Technologies Inc USD0.0001                            | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |      1721 | NS      | $549222.73    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                      | PPG Industries, Inc. COM USD1.666                               | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      5589 | NS      | $728470.26    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corporation               | Parker-Hannifin Corporation COM USD0.50                         | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      2706 | NS      | $882156.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                    | Roper Technologies Inc COM USD0.01                              | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2167 | NS      | $924767.25    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                               | Paychex Inc COM USD0.01                                         | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      5559 | NS      | $644065.74    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-08

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

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

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

**Title:** Assistant Vice President