# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-289425
**Filing Date:** 2025-11
**Character Count:** 30718
**Document Hash:** 3551a9a12a9dc91f3b513e43fcaefbf3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-289425.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001193125-25-289425

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 251502394

**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

### WCM Focused Emerging Markets ex China Fund (Series ID: S000078006)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000238735 | Institutional Class | WCMWX           |
| C000238736 | Investor Class      | WCFEX           |

## Nport-Ex

#### WCM Focused Emerging Markets ex China Fund

#### SCHEDULE OF INVESTMENTS

#### As of September 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 95.1%** |  |
|  | **BRAZIL — 12.1%** |  |
| 50263 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1248194 |
| 92740 | Inter & Co., Inc. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855990 |
| 16522 | NU Holdings, Ltd. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264517 |
| 50518 | TOTVS S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435957 |
| 82421 | Vivara Participacoes S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442279 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3246937** |
|  | **CANADA — 2.2%** |  |
| 2399 | Celestica, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**591066** |
|  | **CYPRUS — 0.9%** |  |
| 448858 | Cairo Mezz PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**237128** |
|  | **GREECE — 3.0%** |  |
| 93496 | Piraeus Financial Holdings S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**791829** |
|  | **INDIA — 15.4%** |  |
| 25038 | Entero Healthcare Solutions Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314171 |
| 84119 | Eureka Forbes Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539974 |
| 400012 | Federal Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869190 |
| 36127 | ICICI Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548483 |
| 42481 | KEC International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417663 |
| 486353 | NHPC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472830 |
| 23036 | PB Fintech, Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441579 |
| 17384 | Phoenix Mills Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304552 |
| 13870 | Reliance Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213075 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4121517** |
|  | **INDONESIA — 1.9%** |  |
| 552035 | Bank Central Asia Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252581 |
| 929679 | Bank Mandiri Persero Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245460 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**498041** |
|  | **JAPAN — 2.1%** |  |
| 2200 | Maruwa Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**575718** |
|  | **KAZAKSTAN — 0.6%** |  |
| 1849 | Kaspi.KZ JSC - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**151026** |
|  | **MEXICO — 5.7%** |  |
| 63573 | Cemex S.A.B. de C.V. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571521 |
| 28677 | Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371086 |
| 26230 | Qualitas Controladora S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239835 |

---

------

#### WCM Focused Emerging Markets ex China Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **MEXICO (Continued)** |  |
| 37091 | Regional S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$333917 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1516359** |
|  | **PERU — 2.5%** |  |
| 2557 | Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**680878** |
|  | **SAUDI ARABIA — 1.3%** |  |
| 7742 | Bupa Arabia for Cooperative Insurance Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**340423** |
|  | **SINGAPORE — 6.5%** |  |
| 9720 | Sea Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1737256** |
|  | **SOUTH AFRICA — 3.3%** |  |
| 2130 | Capitec Bank Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428467 |
| 110904 | OUTsurance Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460441 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**888908** |
|  | **SOUTH KOREA — 17.3%** |  |
| 1580 | APR Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281530 |
| 23151 | Coupang, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745462 |
| 3633 | Coway Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255052 |
| 2224 | D'Alba Global Co., Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259325 |
| 4713 | HD Hyundai Marine Solution Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705413 |
| 1774 | Hyundai Rotem Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276901 |
| 14301 | Seoul Guarantee Insurance Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520852 |
| 8566 | Shinhan Financial Group Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432253 |
| 4673 | SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1157384 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4634172** |
|  | **TAIWAN — 18.3%** |  |
| 19507 | Bizlink Holding, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659247 |
| 167109 | Lite-On Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945807 |
| 10060 | MediaTek, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434048 |
| 66393 | Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2842800 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4881902** |
|  | **UNITED KINGDOM — 2.0%** |  |
| 125353 | Baltic Classifieds Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**522585** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $20,258,560) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25415745** |

---

------

#### WCM Focused Emerging Markets ex China Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  | Value |
|  | **BANK DEPOSIT INVESTMENTS — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$541537 | UMB Bank, Money Market Special II, 3.94%<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$541537 |
|  | **TOTAL BANK DEPOSIT INVESTMENTS** |  |
|  | (Cost $541,537) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**541537** |
|  | **TOTAL INVESTMENTS — 97.1%** |  |
|  | (Cost $20,800,097) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25957282** |
|  | Other Assets in Excess of Liabilities — 2.9% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770551 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$26727833** |

---

ADR – American Depository Receipt <br> JSC – Joint Stock Company <br> PLC – Public Limited Company

\* Non-income producing security. <br> <sup>1</sup> The rate is the annualized seven-day yield at period end.

## 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:** WCM Focused Emerging Markets ex China Fund

- **b. EDGAR series identifier (if any):** S000078006

- **c. LEI of Series:** 549300VFWFQAYEWDTS26

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $26817056.02

**Total Liabilities:** $89222.53

**Net Assets:** $26727833.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238735 | -0.90%               | 1.36%                | 4.76%                |
| Class ID C000238736 | -0.90%               | 1.31%                | 4.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $512493.56               | $-767340.63                                |
| Month 2  | $51061.91                | $298271.44                                 |
| Month 3  | $852547.49               | $380838.16                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bank Central Asia Tbk PT        | Bank Central Asia Tbk P.T.                             | CUSIP: 019452379<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |    552035 | NS      | $252581.27    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Baltic Classifieds Group PLC    | Baltic Classifieds Group PLC                           | CUSIP: 999999999<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |    125353 | NS      | $522585.13    | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT     | Bank Mandiri Persero Tbk P.T.                          | CUSIP: 999999999<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |    929679 | NS      | $245459.80    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Bupa Arabia for Cooperative In  | Bupa Arabia for Cooperative Insurance Co.              | CUSIP: 999999999<br>LEI: 558600B2WJHD5P31XS68 | Long             | EC               | CORP              | SA        |      7742 | NS      | $340423.39    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cairo Mezz PLC                  | Cairo Mezz PLC                                         | CUSIP: 999999999<br>LEI: 213800H1KVX979YA5365 | Long             | EC               | CORP              | CY        |    448858 | NS      | $237128.55    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                   | Celestica, Inc.                                        | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      2399 | NS      | $591065.62    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd       | Capitec Bank Holdings Ltd.                             | CUSIP: S64408594<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      2130 | NS      | $428466.71    | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                     | Coupang, Inc.                                          | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |     23151 | NS      | $745462.20    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                 | Cemex S.A.B. de C.V. - ADR                             | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             |  | CORP              | MX        |     63573 | NS      | $571521.27    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd         | Reliance Industries Ltd.                               | CUSIP: 999999999<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     13870 | NS      | $213075.07    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es  | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 999999999<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |     50263 | NS      | $1248193.58   | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                         | Sea Ltd. - ADR                                         | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | SG        |      9720 | NS      | $1737255.60   | 6.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   / | UMB MONEY MARKET II SPECIAL   /                        | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    548827 | PA      | $548826.98    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                    | SK Hynix, Inc.                                         | CUSIP: 999999999<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      4673 | NS      | $1157383.91   | 4.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co Ltd                    | Coway Co., Ltd.                                        | CUSIP: Y9694W104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3633 | NS      | $255051.85    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Seoul Guarantee Insurance Co    | Seoul Guarantee Insurance Co.                          | CUSIP: 999999999<br>LEI: 988400VEX1D4FMHJ8002 | Long             | EC               | CORP              | KR        |     14301 | NS      | $520851.79    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd  | Shinhan Financial Group Co., Ltd.                      | CUSIP: 999999999<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |      8566 | NS      | $432253.16    | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Rotem Co Ltd            | Hyundai Rotem Co., Ltd.                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1774 | NS      | $276901.04    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp         | Lite-On Technology Corp.                               | CUSIP: 999999999<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |    167109 | NS      | $945806.89    | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                            | Taiwan Semiconductor Manufacturing Co., Ltd.           | CUSIP: 999999999<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     66393 | NS      | $2842800.22   | 10.64%            |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                    | MediaTek, Inc.                                         | CUSIP: 999999999<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     10060 | NS      | $434047.51    | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| APR Corp/Korea                  | APR Corp./Korea                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1580 | NS      | $281529.52    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bizlink Holding Inc             | Bizlink Holding, Inc.                                  | CUSIP: 999999999<br>LEI: 213800YAKRFVU5XOX138 | Long             | EC               | CORP              | TW        |     19507 | NS      | $659247.41    | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Marine Solution Co   | HD Hyundai Marine Solution Co., Ltd.                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4713 | NS      | $705413.21    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| D'Alba Global Co Ltd            | D'Alba Global Co., Ltd.                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2224 | NS      | $259325.33    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruwa Co Ltd/Aichi             | Maruwa Co., Ltd./Aichi                                 | CUSIP: 999999999<br>LEI: 3538009BXGIG8PFXNI29 | Long             | EC               | CORP              | JP        |      2200 | NS      | $575717.62    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                   | Credicorp Ltd.                                         | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      2557 | NS      | $680877.96    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Entero Healthcare Solutions Lt  | Entero Healthcare Solutions Ltd.                       | CUSIP: 999999999<br>LEI: 335800JIMRC57GVQFT50 | Long             | EC               | CORP              | IN        |     25038 | NS      | $314170.66    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| EUR SPOT FORWARD CONTRACT   /   | EUR SPOT FORWARD CONTRACT   /                          | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | XX        |    -26451 | OU      | $-31052.96    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Eureka Forbes Ltd               | Eureka Forbes Ltd.                                     | CUSIP: 999999999<br>LEI: 335800EIJBYPQRSF4936 | Long             | EC               | CORP              | IN        |     84119 | NS      | $539973.78    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Bank Ltd                | Federal Bank Ltd.                                      | CUSIP: 999999999<br>LEI: 335800J8VWGE2HGWF417 | Long             | EC               | CORP              | IN        |    400012 | NS      | $869189.75    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GBP SPOT FORWARD CONTRACT   /   | GBP SPOT FORWARD CONTRACT   /                          | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        |    -11621 | OU      | $-15627.60    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                  | ICICI Bank Ltd.                                        | CUSIP: 999999999<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     36127 | NS      | $548483.55    | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIAN RUPIES  /                | INDIAN RUPIES  /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | IN        |      5341 | OU      | $60.15        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter & Co Inc                  | Inter & Co., Inc. - Class A                            | CUSIP: G4R20B107<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     92740 | NS      | $855990.20    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC International Ltd           | KEC International Ltd.                                 | CUSIP: 999999999<br>LEI: 335800UCWKGDJBU7ZT31 | Long             | EC               | CORP              | IN        |     42481 | NS      | $417662.91    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.KZ JSC                    | Kaspi.KZ JSC - ADR                                     | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             |  | CORP              | KZ        |      1849 | NS      | $151026.32    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MXN SPOT FORWARD CONTRACT   /   | MXN SPOT FORWARD CONTRACT   /                          | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | MX        |   -564585 | OU      | $-30828.90    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| NHPC Ltd                        | NHPC Ltd.                                              | CUSIP: 999999999<br>LEI: 3358003ZPPTGWT595J46 | Long             | EC               | CORP              | IN        |    486353 | NS      | $472829.80    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands  | NU Holdings Ltd./Cayman Islands - Class A              | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |     16522 | NS      | $264517.22    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro  | Grupo Aeroportuario del Centro Norte S.A.B. de C.V.    | CUSIP: 999999999<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     28677 | NS      | $371085.56    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Ltd            | OUTsurance Group Ltd.                                  | CUSIP: 999999999<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |    110904 | NS      | $460441.04    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Mills Ltd/The           | Phoenix Mills Ltd.                                     | CUSIP: 999999999<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |     17384 | NS      | $304552.06    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| PB Fintech Ltd                  | PB Fintech Ltd.                                        | CUSIP: 999999999<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |     23036 | NS      | $441579.03    | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Qualitas Controladora SAB de C  | Qualitas Controladora S.A.B. de C.V.                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     26230 | NS      | $239834.74    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional SAB de CV              | Regional S.A.B. de C.V.                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     37091 | NS      | $333917.23    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                        | TOTVS S.A.                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     50518 | NS      | $435956.59    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA   | Piraeus Financial Holdings S.A.                        | CUSIP: 999999999<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |     93496 | NS      | $791829.24    | 2.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Vivara Participacoes SA         | Vivara Participacoes S.A.                              | CUSIP: 999999999<br>LEI: 254900KO2WRLAVSJDR42 | Long             | EC               | CORP              | BR        |     82421 | NS      | $442279.42    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ZAR SPOT FORWARD CONTRACT   /   | ZAR SPOT FORWARD CONTRACT   /                          | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | ZA        |   -460565 | OU      | $-26668.49    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-10

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President