# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-289432
**Filing Date:** 2025-11
**Character Count:** 51922
**Document Hash:** 2f0d0a3b2dcdfab03ddae80b5574e5a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-289432.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001193125-25-289432

**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:** 251502401

**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 International Small Cap Growth Fund (Series ID: S000051068)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000160892 | Institutional Class Shares | WCMSX           |

## Nport-Ex

#### WCM International Small Cap Growth Fund

#### SCHEDULE OF INVESTMENTS

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 97.8%** |  |
|  | **AUSTRALIA — 3.2%** |  |
| 771716 | Generation Development Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3553989 |
| 60292 | HUB24, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4019733 |
| 338543 | PEXA Group Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3510202 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11083924** |
|  | **AUSTRIA — 1.4%** |  |
| 37085 | BAWAG Group A.G.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4876168** |
|  | **BRAZIL — 4.0%** |  |
| 369300 | Embraer S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5571106 |
| 492752 | Inter & Co., Inc. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4548101 |
| 436800 | TOTVS S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3769465 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13888672** |
|  | **CANADA — 5.1%** |  |
| 321095 | 5N Plus, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3924571 |
| 104165 | Definity Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5353828 |
| 162046 | MDA Space Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4035722 |
| 234957 | PrairieSky Royalty, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4359122 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17673243** |
|  | **CHINA — 2.1%** |  |
| 3217000 | Meitu, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3832124 |
| 104100 | NetEase Cloud Music, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3475351 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7307475** |
|  | **DENMARK — 1.2%** |  |
| 127517 | ALK-Abello A/S\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4179636** |
|  | **FRANCE — 2.3%** |  |
| 36922 | Exail Technologies S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4403939 |
| 67646 | Exosens SAS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3430743 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7834682** |
|  | **GERMANY — 6.7%** |  |
| 127352 | Auto1 Group S.E.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4335769 |
| 143772 | Nordex S.E.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3679537 |
| 62129 | RENK Group A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6390140 |
| 69355 | Scout24 S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8679553 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23084999** |
|  | **GREECE — 1.9%** |  |
| 784330 | Piraeus Financial Holdings S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6642588** |

---

------

#### WCM International Small Cap Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **INDIA — 3.9%** |  |
| 104903 | Cartrade Tech, Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2894766 |
| 1341314 | Federal Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2914553 |
| 82017 | Godfrey Phillips India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3125907 |
| 92773 | Poly Medicure, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2035517 |
| 383025 | Triveni Turbine, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2238693 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13209436** |
|  | **INDONESIA — 1.0%** |  |
| 21130000 | Bank Syariah Indonesia Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3283931** |
|  | **IRELAND — 1.4%** |  |
| 27319 | ICON PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4780825** |
|  | **ISRAEL — 2.1%** |  |
| 38250 | Tower Semiconductor Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2765475 |
| 24926 | Wix.com, Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4427605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7193080** |
|  | **ITALY — 7.0%** |  |
| 98751 | Avio S.p.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6202370 |
| 91478 | Buzzi S.p.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5021732 |
| 207039 | Fincantieri S.p.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5429973 |
| 279169 | Lottomatica Group Spa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7511803 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24165878** |
|  | **JAPAN — 13.9%** |  |
| 59600 | Furukawa Electric Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3672280 |
| 171600 | Integral Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4333949 |
| 206600 | Lifedrink Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3178247 |
| 19400 | Maruwa Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5076783 |
| 91700 | Money Forward, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3712397 |
| 79000 | Nitto Boseki Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3525713 |
| 56100 | OBIC Business Consultants Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3452074 |
| 522600 | Rakus Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4798937 |
| 105300 | Rakuten Bank, Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5887857 |
| 324900 | SHIFT, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2746222 |
| 6000 | Sinfonia Technology Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370017 |
| 390809 | Timee, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3903201 |
| 122600 | Yonex Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3141995 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47799672** |
|  | **MEXICO — 1.6%** |  |
| 238219 | 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;3082597 |

---

------

#### WCM International Small Cap Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **MEXICO (Continued)** |  |
| 73998 | Vista Energy S.A.B. de C.V. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2545531 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5628128** |
|  | **NETHERLANDS — 1.5%** |  |
| 35056 | BE Semiconductor Industries N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5220537** |
|  | **NORWAY — 2.3%** |  |
| 76225 | Protector Forsikring A.S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3750298 |
| 116403 | Vend Marketplaces A.S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4138421 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7888719** |
|  | **POLAND — 1.1%** |  |
| 294210 | InPost S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3609409** |
|  | **SOUTH AFRICA — 0.9%** |  |
| 756292 | OUTsurance Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3139904** |
|  | **SOUTH KOREA — 3.2%** |  |
| 24727 | APR Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4405937 |
| 19655 | HD Hyundai Marine Solution Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2941841 |
| 3353 | Samyang Foods Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3653995 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11001773** |
|  | **SWEDEN — 5.6%** |  |
| 402637 | Apotea A.B.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3832887 |
| 107182 | BoneSupport Holding A.B.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3322114 |
| 112242 | Hemnet Group A.B. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2823218 |
| 67220 | MIPS A.B. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2434783 |
| 163332 | RaySearch Laboratories A.B. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4371990 |
| 565533 | Truecaller A.B. - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2491747 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19276739** |
|  | **SWITZERLAND — 2.5%** |  |
| 101172 | Kuros Biosciences A.G.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3235572 |
| 94437 | SMG Swiss Marketplace Group A.G.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5376065 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8611637** |
|  | **TAIWAN — 5.1%** |  |
| 131000 | Bizlink Holding, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4427128 |
| 531000 | E Ink Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4190088 |
| 59000 | Jentech Precision Industrial Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4665332 |
| 742000 | Lite-On Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4199587 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17482135** |

---

------

#### WCM International Small Cap Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **UNITED KINGDOM — 15.3%** |  |
| 529625 | Ashtead Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2478611 |
| 529088 | Babcock International Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9463247 |
| 1530133 | Baltic Classifieds Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6378984 |
| 290862 | Burberry Group PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4568677 |
| 93871 | Cranswick PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6337176 |
| 7119 | Games Workshop Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1391058 |
| 103923 | Genus PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3312231 |
| 72097 | Klarna Group PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2642355 |
| 700433 | Melrose Industries PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5734583 |
| 347016 | St. James's Place PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5926712 |
| 1477181 | Trustpilot Group PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4497496 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**52731130** |
|  | **UNITED STATES — 1.5%** |  |
| 145196 | Life360, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5113036** |
|  | **VIETNAM — 0.0%** |  |
| 1 | FPT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $271,686,057) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**336707358** |
|  | **SHORT-TERM INVESTMENTS — 1.2%** |  |
| 4110615 | Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class, 3.92%<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4110615 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost $4,110,615) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4110615** |
|  | **TOTAL INVESTMENTS — 99.0%** |  |
|  | (Cost $275,796,672) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**340817973** |
|  | Other Assets in Excess of Liabilities — 1.0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3398361 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$344216334** |

---

ADR – American Depository Receipt <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 International Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000051068

- **c. LEI of Series:** 549300PRBSIPPNXR7131

**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:** $350384269.89

**Total Liabilities:** $6175098.21

**Net Assets:** $344209171.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000160892 | -0.19%               | 2.22%                | -0.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1277229.66              | $-1937615.95                               |
| Month 2  | $10270590.59             | $-2469201.05                               |
| Month 3  | $8310684.05              | $-8660798.58                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Samyang Foods Co Ltd           | Samyang Foods Co., Ltd.                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       3353 | NS      | $3653994.51   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Boseki Co Ltd            | Nitto Boseki Co., Ltd.                                         | CUSIP: 999999999<br>LEI: 3538005B13YMJ9BWQO82 | Long             | EC               | CORP              | JP        |      79000 | NS      | $3525712.55   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc                    | Life360, Inc.                                                  | CUSIP: U5295P104<br>LEI: 254900VO9VDOQBQAHF07 | Long             |  | CORP              | US        |     145196 | NS      | $5113035.88   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Jentech Precision Industrial C | Jentech Precision Industrial Co., Ltd.                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      59000 | NS      | $4665332.37   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Bizlink Holding Inc            | Bizlink Holding, Inc.                                          | CUSIP: 999999999<br>LEI: 213800YAKRFVU5XOX138 | Long             | EC               | CORP              | TW        |     131000 | NS      | $4427127.76   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIFT Inc                      | SHIFT, Inc.                                                    | CUSIP: 999999999<br>LEI: 353800HJXMOPLJ7BO262 | Long             | EC               | CORP              | JP        |     324900 | NS      | $2746221.73   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Rakus Co Ltd                   | Rakus Co., Ltd.                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     522600 | NS      | $4798937.01   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Money Forward Inc              | Money Forward, Inc.                                            | CUSIP: 999999999<br>LEI: 35380017JS3GIGP6WN95 | Long             | EC               | CORP              | JP        |      91700 | NS      | $3712397.47   | 1.08%             |  |  |  | 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        |      19655 | NS      | $2941840.99   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Bus Consult               | OBIC Business Consultants Co., Ltd.                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      56100 | NS      | $3452074.25   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruwa Co Ltd/Aichi            | Maruwa Co., Ltd./Aichi                                         | CUSIP: 999999999<br>LEI: 3538009BXGIG8PFXNI29 | Long             | EC               | CORP              | JP        |      19400 | NS      | $5076782.64   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Furukawa Electric Co Ltd       | Furukawa Electric Co., Ltd.                                    | CUSIP: 999999999<br>LEI: 353800TJR1DQ3P1QR918 | Long             | EC               | CORP              | JP        |      59600 | NS      | $3672280.49   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Rakuten Bank Ltd               | Rakuten Bank Ltd.                                              | CUSIP: 999999999<br>LEI: 3538007HFAF2NOCBUE44 | Long             | EC               | CORP              | JP        |     105300 | NS      | $5887856.78   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Corp                  | Integral Corp.                                                 | CUSIP: 999999999<br>LEI: 254900LBW5E2GUM0UK59 | Long             | EC               | CORP              | JP        |     171600 | NS      | $4333948.68   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinfonia Technology Co Ltd     | Sinfonia Technology Co., Ltd.                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       6000 | NS      | $370017.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Yonex Co Ltd                   | Yonex Co., Ltd.                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     122600 | NS      | $3141995.47   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc             | E Ink Holdings, Inc.                                           | CUSIP: 999999999<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |     531000 | NS      | $4190087.93   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Cloud Music Inc        | NetEase Cloud Music, Inc.                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     104100 | NS      | $3475350.81   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto1 Group SE                 | Auto1 Group S.E.                                               | CUSIP: 999999999<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |     127352 | NS      | $4335768.96   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ALK-Abello A/S                 | ALK-Abello A/S                                                 | CUSIP: 999999999<br>LEI: 529900SGCREUZCZ7P020 | Long             | EC               | CORP              | DK        |     127517 | NS      | $4179635.87   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Apotea AB                      | Apotea A.B.                                                    | CUSIP: 999999999<br>LEI: 6367005D3D7BO6FIEV09 | Long             | EC               | CORP              | SE        |     402637 | NS      | $3832886.64   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Technology Holdings pl | Ashtead Technology Holdings plc                                | CUSIP: 999999999<br>LEI: 213800LHEWVY66RPGR58 | Long             | EC               | CORP              | GB        |     529625 | NS      | $2478610.81   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Avio SpA                       | Avio S.p.A.                                                    | CUSIP: 999999999<br>LEI: 8156008F25C4B0E7C860 | Long             | EC               | CORP              | IT        |      98751 | NS      | $6202369.69   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group PL | Babcock International Group PLC                                | CUSIP: 999999999<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |     529088 | NS      | $9463246.91   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC             | Burberry Group PLC                                             | CUSIP: 999999999<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |     290862 | NS      | $4568676.92   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Syariah Indonesia Tbk PT  | Bank Syariah Indonesia Tbk P.T.                                | CUSIP: 999999999<br>LEI: 9845009CD3B814E04066 | Long             | EC               | CORP              | ID        |   21130000 | NS      | $3283930.39   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi SpA                      | Buzzi S.p.A.                                                   | CUSIP: 999999999<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |      91478 | NS      | $5021731.96   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN DOLLARS  /            | CANADIAN DOLLARS  /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CA        |      16959 | OU      | $12185.77     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAD SPOT FORWARD CONTRACT   /  | CAD SPOT FORWARD CONTRACT   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | CA        |     -16959 | OU      | $-12185.77    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cartrade Tech Ltd              | Cartrade Tech Ltd.                                             | CUSIP: 999999999<br>LEI: 984500F5CDO5D86C1326 | Long             | EC               | CORP              | IN        |     104903 | NS      | $2894766.46   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cranswick PLC                  | Cranswick PLC                                                  | CUSIP: 999999999<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |      93871 | NS      | $6337176.17   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Definity Financial Corp        | Definity Financial Corp.                                       | CUSIP: 24477T951<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |     104165 | NS      | $5353828.02   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                     | Embraer S.A.                                                   | CUSIP: 999999999<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     369300 | NS      | $5571105.91   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR SPOT FORWARD CONTRACT   /  | EUR SPOT FORWARD CONTRACT   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |     507334 | OU      | $595601.89    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR SPOT FORWARD CONTRACT   /  | EUR SPOT FORWARD CONTRACT   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | XX        |    -114949 | OU      | $-134947.86   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Exail Technologies SA          | Exail Technologies S.A.                                        | CUSIP: 999999999<br>LEI: 549300EWC06TYV07XE53 | Long             | EC               | CORP              | FR        |      36922 | NS      | $4403938.95   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Exosens SAS                    | Exosens SAS                                                    | CUSIP: 999999999<br>LEI: 969500R3AKTPEDO9EG76 | Long             | EC               | CORP              | FR        |      67646 | NS      | $3430743.37   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Bank Ltd               | Federal Bank Ltd.                                              | CUSIP: 999999999<br>LEI: 335800J8VWGE2HGWF417 | Long             | EC               | CORP              | IN        |    1341314 | NS      | $2914553.52   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Fincantieri SpA                | Fincantieri S.p.A.                                             | CUSIP: 999999999<br>LEI: 8156005BDF49128B6239 | Long             | EC               | CORP              | IT        |     207039 | NS      | $5429973.30   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                       | FPT Corp.                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |          1 | NS      | $2.29         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                     | Scout24 S.E.                                                   | CUSIP: 999999999<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |      69355 | NS      | $8679552.71   | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC       | Games Workshop Group PLC                                       | CUSIP: 999999999<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |       7119 | NS      | $1391057.96   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| GREAT BRITAIN POUND  /         | GREAT BRITAIN POUND  /                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |      24322 | OU      | $32708.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meitu Inc                      | Meitu, Inc.                                                    | CUSIP: 999999999<br>LEI: 529900P2POH56W116T02 | Long             | EC               | CORP              | CN        |    3217000 | NS      | $3832124.13   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Timee Inc                      | Timee, Inc.                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     390809 | NS      | $3903201.09   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lite-On Technology Corp        | Lite-On Technology Corp.                                       | CUSIP: 999999999<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |     742000 | NS      | $4199586.59   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifedrink Co Inc               | Lifedrink Co., Inc.                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     206600 | NS      | $3178246.61   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| APR Corp/Korea                 | APR Corp./Korea                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      24727 | NS      | $4405937.07   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Hemnet Group AB                | Hemnet Group A.B.                                              | CUSIP: 999999999<br>LEI: 5493008VIU67J3HUAR07 | Long             | EC               | CORP              | SE        |     112242 | NS      | $2823218.22   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB24 Ltd                      | HUB24 Ltd.                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      60292 | NS      | $4019732.63   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                       | ICON PLC                                                       | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      27319 | NS      | $4780825.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost SA                      | InPost S.A.                                                    | CUSIP: 999999999<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | PL        |     294210 | NS      | $3609408.90   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIAN RUPIES  /               | INDIAN RUPIES  /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | IN        |    2183260 | OU      | $24589.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter & Co Inc                 | Inter & Co., Inc. - Class A                                    | CUSIP: G4R20B107<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     492752 | NS      | $4548100.96   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JPY SPOT FORWARD CONTRACT   /  | JPY SPOT FORWARD CONTRACT   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | JP        |  182679294 | OU      | $1235279.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JPY SPOT FORWARD CONTRACT   /  | JPY SPOT FORWARD CONTRACT   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | JP        | -210890446 | OU      | $-1426043.52  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Klarna Group PLC               | Klarna Group PLC                                               | CUSIP: G5279N105<br>LEI: 636700HER4JIK7GZUN17 | Long             | EC               | CORP              | GB        |      72097 | NS      | $2642355.05   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuros Biosciences AG           | Kuros Biosciences A.G.                                         | CUSIP: 999999999<br>LEI: 5299006U5POB2AVTT709 | Long             | EC               | CORP              | CH        |     101172 | NS      | $3235572.32   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group Spa          | Lottomatica Group S.p.A.                                       | CUSIP: 999999999<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |     279169 | NS      | $7511802.63   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MDA Space Ltd                  | MDA Space Ltd.                                                 | CUSIP: 55293N950<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     162046 | NS      | $4035722.04   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MIPS AB                        | MIPS A.B.                                                      | CUSIP: 999999999<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |      67220 | NS      | $2434782.89   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio       | MSILF Treasury Portfolio - Class Institutional                 | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |    5605742 | PA      | $5605741.57   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Melrose Industries PLC         | Melrose Industries PLC                                         | CUSIP: 999999999<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |     700433 | NS      | $5734583.25   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordex SE                      | Nordex S.E.                                                    | CUSIP: 999999999<br>LEI: 529900HVDYCUWVD0OE76 | Long             | EC               | CORP              | DE        |     143772 | NS      | $3679536.98   | 1.07%             |  |  |  | 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        |     238219 | NS      | $3082596.92   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Ltd           | OUTsurance Group Ltd.                                          | CUSIP: 999999999<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |     756292 | NS      | $3139903.67   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Poly Medicure Ltd              | Poly Medicure Ltd.                                             | CUSIP: 999999999<br>LEI: 335800XM9YRKFWFVXO61 | Long             | EC               | CORP              | IN        |      92773 | NS      | $2035516.66   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| RaySearch Laboratories AB      | RaySearch Laboratories A.B.                                    | CUSIP: W72195105<br>LEI: 549300TYFVYGS0JFWM28 | Long             | EC               | CORP              | SE        |     163332 | NS      | $4371990.14   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SEK SPOT FORWARD CONTRACT   /  | SEK SPOT FORWARD CONTRACT   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | SE        |   -9254720 | OU      | $-983038.76   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| SMG Swiss Marketplace Group AG | SMG Swiss Marketplace Group A.G.                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      94437 | NS      | $5376064.36   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| St James's Place PLC           | St (*** Please punctuate:  St. or State ***) James's Place PLC | CUSIP: 999999999<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |     347016 | NS      | $5926712.21   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                       | TOTVS S.A.                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     436800 | NS      | $3769465.08   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA  | Piraeus Financial Holdings S.A.                                | CUSIP: 999999999<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |     784330 | NS      | $6642588.19   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Triveni Turbine Ltd            | Triveni Turbine Ltd.                                           | CUSIP: 999999999<br>LEI: 335800CN8OF2ECX4NK89 | Long             | EC               | CORP              | IN        |     383025 | NS      | $2238692.53   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Trustpilot Group PLC           | Trustpilot Group PLC                                           | CUSIP: 999999999<br>LEI: 2138002ILUNMGNPSGG46 | Long             | EC               | CORP              | GB        |    1477181 | NS      | $4497495.68   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Truecaller AB                  | Truecaller A.B. - Class B                                      | CUSIP: 999999999<br>LEI: 549300TEYF1FA5G5GK26 | Long             | EC               | CORP              | SE        |     565533 | NS      | $2491747.62   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Tower Semiconductor Ltd        | Tower Semiconductor Ltd.                                       | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |      38250 | NS      | $2765475.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vend Marketplaces ASA          | Vend Marketplaces A.S.A.                                       | CUSIP: 999999999<br>LEI: 5967007LIEEXZXHT0O36 | Long             | EC               | CORP              | NO        |     116403 | NS      | $4138420.82   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Energy SAB de CV         | Vista Energy S.A.B. de C.V. - ADR                              | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             |  | CORP              | MX        |      73998 | NS      | $2545531.20   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| 5N Plus Inc                    | 5N Plus, Inc.                                                  | CUSIP: 33833X952<br>LEI: 5493005GU1NFX4YB2S73 | Long             | EC               | CORP              | CA        |     321095 | NS      | $3924571.35   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                    | Wix.com Ltd.                                                   | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      24926 | NS      | $4427605.38   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Baltic Classifieds Group PLC   | Baltic Classifieds Group PLC                                   | CUSIP: 999999999<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |    1530133 | NS      | $6378983.73   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV | BE Semiconductor Industries N.V.                               | CUSIP: 999999999<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |      35056 | NS      | $5220537.22   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                 | BAWAG Group A.G.                                               | CUSIP: 999999999<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |      37085 | NS      | $4876168.11   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BoneSupport Holding AB         | BoneSupport Holding A.B.                                       | CUSIP: 999999999<br>LEI: 549300COLY053IGTLD63 | Long             | EC               | CORP              | SE        |     107182 | NS      | $3322113.74   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| GBP SPOT FORWARD CONTRACT   /  | GBP SPOT FORWARD CONTRACT   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        |   -3356016 | OU      | $-4513200.24  | -1.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Generation Development Group L | Generation Development Group Ltd.                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     771716 | NS      | $3553988.86   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Genus PLC                      | Genus PLC                                                      | CUSIP: 999999999<br>LEI: 54930022EOITNKSIGH56 | Long             | EC               | CORP              | GB        |     103923 | NS      | $3312231.17   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Godfrey Phillips India Ltd     | Godfrey Phillips India Ltd.                                    | CUSIP: 999999999<br>LEI: 335800G5RNAHTNVKE518 | Long             | EC               | CORP              | IN        |      82017 | NS      | $3125906.96   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Protector Forsikring ASA       | Protector Forsikring A.S.A.                                    | CUSIP: 999999999<br>LEI: 5967007LIEEXZXAIO813 | Long             | EC               | CORP              | NO        |      76225 | NS      | $3750298.11   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PrairieSky Royalty Ltd         | PrairieSky Royalty Ltd.                                        | CUSIP: 739721959<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     234957 | NS      | $4359121.75   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PEXA Group Ltd                 | PEXA Group Ltd.                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     338543 | NS      | $3510202.35   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RENK Group AG                  | RENK Group A.G.                                                | CUSIP: 999999999<br>LEI: 894500H8CNSZ53EI6K63 | Long             | EC               | CORP              | DE        |      62129 | NS      | $6390140.51   | 1.86%             |  |  |  | No            |                  2 | 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