# EDGAR Filing Document

**Accession Number:** 0000924727
**File Stem:** 0001193125-26-118913
**Filing Date:** 2026-3
**Character Count:** 27887
**Document Hash:** faefa4229fcc695927fab1be225e815c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-118913.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0001193125-26-118913

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust III
- **CENTRAL INDEX KEY:** 0000924727

**ORGANIZATION NAME:**
- **EIN:** 043236699
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08544
- **FILM NUMBER:** 26780522

**BUSINESS ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-385-5777

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FPA FUNDS TRUST
- **DATE OF NAME CHANGE:** 20021028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UAM FUNDS TRUST
- **DATE OF NAME CHANGE:** 19951101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** REGIS FUND II
- **DATE OF NAME CHANGE:** 19940606

## Series and Classes Contracts Data

### Mast Managed Futures Strategy Fund (Series ID: S000088666)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000255003 | Class I Shares | CSAIX           |
| C000255004 | Class C Shares | CSACX           |
| C000255005 | Class A Shares | CSAAX           |

## Nport-Ex

**Mast Managed Futures Strategy Fund** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**As of January 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal <br> Amount |  | Value |
|  | **SHORT-TERM INVESTMENTS — 79.3%** |  |
|  | **MONEY MARKET INVESTMENTS — 41.9%** |  |
| $14168379 | UMB Bank, Money Market Special II Deposit Investment, 3.43%<sup>(a),(b)</sup> | $**14168379** |
|  | **TREASURY BILLS — 37.4%** |  |
|  | United States Treasury Bill |  |
| 2250000 | 3.77%, 2/19/2026<sup>(b),(c)</sup> | 2246175 |
| 2250000 | 3.87%, 3/19/2026<sup>(b),(c)</sup> | 2239774 |
| 2250000 | 3.85%, 4/16/2026<sup>(b),(c)</sup> | 2233643 |
| 2000000 | 3.87%, 5/14/2026<sup>(c)</sup> | 1980016 |
| 2000000 | 3.84%, 6/11/2026<sup>(c)</sup> | 1974702 |
| 2000000 | 3.85%, 7/9/2026<sup>(c)</sup> | 1969182 |
|  |  | **12643492** |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $26,803,424) | **26811871** |
|  | **TOTAL INVESTMENTS — 79.3%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $26,803,424) | **26811871** |
|  | Other Assets in Excess of Liabilities — 20.7% | 7012441 |
|  | **TOTAL NET ASSETS — 100.0%** | $**33824312** |

---

<sup>(a)</sup> The rate is the annualized seven-day yield at period end.

<sup>(b)</sup> All or a portion of this investment is a holding of Manteio Cayman Managed Futures Strategy Fund, Ltd.

<sup>(c)</sup> Treasury bill discount rate.

**Mast Managed Futures Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of January 31, 2026 (Unaudited)**

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Long Contracts** | <br>**Expiration**<br>**Date** |<br>**Number of**<br>**Contracts** |<br>**Notional**<br>**Value** | **Value/Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| **Commodity Futures** |  |  |  |  |
| CMX Copper<sup>1</sup> | March 2026 | 16 | 2369600 | 157986 |
| CMX Gold<sup>1</sup> | April 2026 | 12 | 5694120 | 118058 |
| CMX Silver<sup>1</sup> | March 2026 | 4 | 1570620 | 349888 |
| ICE Brent Crude Oil<sup>1</sup> | May 2026 | 3 | 205830 | (314) |
| ICE Low Sulphur Gas<sup>1</sup> | March 2026 | 1 | 72950 | (1) |
| LME Lead<sup>1</sup> | March 2026 | 8 | 398224 | (98) |
| LME Primary Aluminum<sup>1</sup> | March 2026 | 23 | 1804298 | 108134 |
| LME Primary Nickel<sup>1</sup> | March 2026 | 9 | 963949 | 117430 |
| LME Zinc<sup>1</sup> | March 2026 | 11 | 938273 | 79951 |
| NYMEX Natural Gas<sup>1</sup> | March 2026 | 5 | 217700 | 8668 |
| NYMEX RBOB Gasoline<sup>1</sup> | March 2026 | 1 | 81572 | (28) |
| NYMEX WTI Crude Oil<sup>1</sup> | March 2026 | 2 | 130420 | (215) |
| **Currency Futures** |  |  |  |  |
| Brazilian Real | March 2026 | 137 | 2592725 | (19151) |
| CME Australian Dollar | March 2026 | 55 | 3834600 | 165978 |
| CME British Pound | March 2026 | 99 | 8475019 | 71833 |
| CME Canadian Dollar | March 2026 | 92 | 6783160 | (30103) |
| CME Euro | March 2026 | 64 | 9514400 | (67420) |
| **Index Futures** |  |  |  |  |
| E-Mini Industrial Select Sector | March 2026 | 3 | 502110 | 29454 |
| E-Mini Technology Select Sector | March 2026 | 5 | 1456200 | (21491) |
| EUX Euro STOXX 50 | March 2026 | 22 | 1494032 | 52650 |
| Hang Seng Index | February 2026 | 16 | 2802547 | 69922 |
| ICF FTSE 100 Index | March 2026 | 16 | 2230930 | 91152 |
| Nikkei Stock Index | March 2026 | 8 | 2832361 | 111882 |
| **Interest Rate Futures** |  |  |  |  |
| ICF Long Gilt | March 2026 | 18 | 2237745 | (32077) |
|  |  | **630** | **59203385** | **1362088** |

---

**Mast Managed Futures Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Short Contracts** | <br>**Expiration**<br>**Date** |<br>**Number of**<br>**Contracts** |<br>**Notional**<br>**Value** | **Value/Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| **Commodity Futures** |  |  |  |  |
| CBOT Corn<sup>1</sup> | March 2026 | (46) | (984975) | 25601 |
| CBOT Soybean<sup>1</sup> | March 2026 | (19) | (1011038) | (4740) |
| CBOT Soybean Meal<sup>1</sup> | March 2026 | (18) | (528480) | 15176 |
| CBOT Soybean Oil<sup>1</sup> | March 2026 | (18) | (577908) | (52013) |
| CBOT Wheat<sup>1</sup> | March 2026 | (32) | (860800) | (46308) |
| LME Lead<sup>1</sup> | March 2026 | (1) | (49778) | 628 |
| LME Primary Aluminum<sup>1</sup> | March 2026 | (4) | (313791) | (3599) |
| LME Primary Nickel<sup>1</sup> | March 2026 | (1) | (107105) | (5230) |
| LME Zinc<sup>1</sup> | March 2026 | (1) | (85298) | (5443) |
| NYBOT Cocoa<sup>1</sup> | March 2026 | (5) | (208250) | 37276 |
| NYBOT Coffee 'C'<sup>1</sup> | March 2026 | (4) | (498375) | 24127 |
| NYBOT Cotton #2<sup>1</sup> | March 2026 | (9) | (284265) | 2411 |
| NYBOT Sugar #11<sup>1</sup> | March 2026 | (33) | (527419) | 18299 |
| **Currency Futures** |  |  |  |  |
| CME Japanese Yen | March 2026 | (40) | (3246750) | (20127) |
| **Interest Rate Futures** |  |  |  |  |
| CBOT 10-Year U.S. Treasury Note | March 2026 | (43) | (4808610) | (3818) |
| CBOT 2-Year U.S. Treasury Note | March 2026 | (144) | (30022875) | (19181) |
| CBOT Ultra Long-Term U.S. Treasury Bond | March 2026 | (42) | (4932375) | 17678 |
| EUX Euro-Bund | March 2026 | (51) | (7459397) | (2517) |
| EUX Euro-Schatz | March 2026 | (109) | (13297552) | (20691) |
| OSE Japanese 10-Year Bond | March 2026 | (9) | (7854708) | 100128 |
|  |  | **(629)** | **(77659749)** | **57657** |
| **TOTAL FUTURES CONTRACTS** |  |  | $**(18456364)** | $**1419745** |

---

<sup>1</sup> This investment is a holding of Manteio Cayman Managed Futures Strategy Fund, Ltd.

## 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 III

- **b. Investment Company Act file number:** 811-08544

- **c. CIK number of Registrant:** 0000924727

- **d. LEI of Registrant:** 549300H7BXP5EUEHOJ64

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

  - **Street Address 1:** 235 W. Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 626-385-5777

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

- **a. Name of Series:** Mast Managed Futures Strategy Fund

- **b. EDGAR series identifier (if any):** S000088666

- **c. LEI of Series:** 984500F6556F79YA2617

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $33997502.72

**Total Liabilities:** $180857.78

**Net Assets:** $33816644.94

**Amount of Assets Invested in Other Investment Companies:** $5891874.24

**Cash Not Reported:** $7956109.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255003 | 0.78%                | 2.61%                | 2.94%                |
| Class ID C000255004 | 0.70%                | 2.50%                | 2.90%                |
| Class ID C000255005 | 0.65%                | 2.60%                | 2.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5014.56                | $-1347.14                                  |
| Month 2  | $-916.52                 | $8310.53                                   |
| Month 3  | $790.17                  | $1483.51                                   |

**Designated Index Information**

- **Index Name:** Credit Suisse Managed Futures Liquid Index

- **Index Identifier:** CSLABMF

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EMINI XAK TECHNOLOGY MAR 2026   /     | EMINI XAK TECHNOLOGY MAR 2026   /     | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         5 | NC      | $-21490.75    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG DOLLAR  /                   | HONG KONG DOLLAR  /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | HK        |   1693646 | OU      | $216797.76    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HANG SENG INDEX FEB 26   /            | HANG SENG INDEX FEB 26   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | HK        |        16 | NC      | $69922.43     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| COPPER FUTURE MARCH 26   /            | COPPER FUTURE MARCH 26   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        16 | NC      | $157985.77    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD 100 TROY FUTURE APR 26   /       | GOLD 100 TROY FUTURE APR 26   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        12 | NC      | $118058.18    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /                | GREAT BRITAIN POUND  /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |     65148 | OU      | $89146.78     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LONG GILT FUTURE MAR 2026   /         | LONG GILT FUTURE MAR 2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        18 | NC      | $-32077.79    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY  /                      | EURO CURRENCY  /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |    111315 | OU      | $131952.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR/USD FUTURE MARCH 2026   /         | EUR/USD FUTURE MARCH 2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        64 | NC      | $-67420.43    | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO SCHATZ FUT MAR 26   /            | EURO SCHATZ FUT MAR 26   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | DE        |      -109 | NC      | $-20690.66    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| BRENT CRUDE FUTURE MAY 26   /         | BRENT CRUDE FUTURE MAY 26   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         3 | NC      | $-314.33      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| COTTON  FUTURE MAR 26   /             | COTTON  FUTURE MAR 26   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -9 | NC      | $2411.02      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE FUTURE MAR 26   /           | WTI CRUDE FUTURE MAR 26   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         2 | NC      | $-214.52      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLAR FUT MAR 26   /        | CANADIAN DOLLAR FUT MAR 26   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        92 | NC      | $-30103.04    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| COCOA FUTURE MAR 2026   /             | COCOA FUTURE MAR 2026   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -5 | NC      | $37275.84     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZIL REAL FUTURE MAR 26   /         | BRAZIL REAL FUTURE MAR 26   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |       137 | NC      | $-19150.79    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE MAR 2026   /              | CORN FUTURE MAR 2026   /              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -46 | NC      | $25600.53     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN OIL FUTURE MAR 2026   /       | SOYBEAN OIL FUTURE MAR 2026   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -18 | NC      | $-52013.20    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| BP CURRENCY FUTURE MAR 26   /         | BP CURRENCY FUTURE MAR 26   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        99 | NC      | $71832.52     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                         | United States Treasury Bill           | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1980016.00   | 5.86%             | 2026-05-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                         | United States Treasury Bill           | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2250000 | PA      | $2239773.75   | 6.62%             | 2026-03-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                         | United States Treasury Bill           | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2250000 | PA      | $2246175.00   | 6.64%             | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FTSE 100 IDX FUT MARCH 2026   /       | FTSE 100 IDX FUT MARCH 2026   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | GB        |        16 | NC      | $91152.12     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GASOLINE RBOB FUT MAR 26   /          | GASOLINE RBOB FUT MAR 26   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         1 | NC      | $-27.45       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| WHEAT FUTURE MAR 2026   /             | WHEAT FUTURE MAR 2026   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -32 | NC      | $-46308.13    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA LONG T-BOND FUTURE MAR 2026   / | ULTRA LONG T-BOND FUTURE MAR 2026   / | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -42 | NC      | $17677.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO STOXX 50 MAR 26   /              | EURO STOXX 50 MAR 26   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | DE        |        22 | NC      | $52650.32     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| 10 YR T-NOTE FUTURE MAR 2026   /      | 10 YR T-NOTE FUTURE MAR 2026   /      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -43 | NC      | $-3817.51     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| 2YR T-NOTE FUT MAR26 INDEX MAR 26   / | 2YR T-NOTE FUT MAR26 INDEX MAR 26   / | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -144 | NC      | $-19181.44    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN MEAL FUTR MAR 26   /          | SOYBEAN MEAL FUTR MAR 26   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -18 | NC      | $15176.02     | 0.04%             |  |  |  | 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        |  14331605 | PA      | $14331605.23  | 42.38%            |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR   FUTURE MAR 26   /             | SUGAR   FUTURE MAR 26   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -33 | NC      | $18299.11     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVER FUTURE MAR 2026   /            | SILVER FUTURE MAR 2026   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         4 | NC      | $349887.61    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEANS FUTURE MAR 2026   /          | SOYBEANS FUTURE MAR 2026   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -19 | NC      | $-4739.12     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LOW SU GASOIL G FUT MAR 26   /        | LOW SU GASOIL G FUT MAR 26   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         1 | NC      | $-1.35        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO-BUND FUTURES MAR 2026   /        | EURO-BUND FUTURES MAR 2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | DE        |       -51 | NC      | $-2517.35     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NIKKEI 225 MARCH 26   /               | NIKKEI 225 MARCH 26   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | JP        |         8 | NC      | $111881.49    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE MAR 2026   /       | NATURAL GAS FUTURE MAR 2026   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $8668.21      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUT MAR 2026   /             | LME ZINC FUT MAR 2026   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -1 | NC      | $-5442.11     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUT MAR 2026   /             | LME ZINC FUT MAR 2026   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        11 | NC      | $79951.36     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LME PRI ALUM FUT MAR 26   /           | LME PRI ALUM FUT MAR 26   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -4 | NC      | $-3598.69     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE C FUTURE MAR 2026   /          | COFFEE C FUTURE MAR 2026   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -4 | NC      | $24126.98     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LME PRI ALUM FUT MAR 26   /           | LME PRI ALUM FUT MAR 26   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        23 | NC      | $108134.36    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JPY YEN CURR FUT MARCH 26   /         | JPY YEN CURR FUT MARCH 26   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |       -40 | NC      | $-20127.17    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| JPN 10YR BOND MAR 26   /              | JPN 10YR BOND MAR 26   /              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | JP        |        -9 | NC      | $100127.68    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN  /                       | JAPANESE YEN  /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | JP        |  40915996 | OU      | $264383.54    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| XAI EMINI INDUSTRY MAR 2026   /       | XAI EMINI INDUSTRY MAR 2026   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         3 | NC      | $29453.55     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AUD USD CURNCY FUT MAR 26   /         | AUD USD CURNCY FUT MAR 26   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        55 | NC      | $165977.58    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                         | United States Treasury Bill           | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1974702.00   | 5.84%             | 2026-06-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                         | United States Treasury Bill           | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1969182.00   | 5.82%             | 2026-07-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                         | United States Treasury Bill           | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2250000 | PA      | $2233642.50   | 6.61%             | 2026-04-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LME NICKEL FUTURE MAR 2026   /        | LME NICKEL FUTURE MAR 2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -1 | NC      | $-5230.83     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| LME NICKEL FUTURE MAR 2026   /        | LME NICKEL FUTURE MAR 2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         9 | NC      | $117429.99    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| LME LEAD FUTURE MAR 26   /            | LME LEAD FUTURE MAR 26   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -1 | NC      | $628.39       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LME LEAD FUTURE MAR 26   /            | LME LEAD FUTURE MAR 26   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         8 | NC      | $-97.66       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-17

**Name of Applicant:** Investment Managers Series Trust III

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President