# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-289426
**Filing Date:** 2025-11
**Character Count:** 33895
**Document Hash:** c499f451749caf2d29ff6c93949df04b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-289426.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001193125-25-289426

**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:** 251502396

**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 International Equity Fund (Series ID: S000068910)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000220167 | Institutional Class Shares | WCMVX           |
| C000220168 | Investor Class Shares      | WLIVX           |

## Nport-Ex

#### WCM Focused International Equity Fund

#### SCHEDULE OF INVESTMENTS

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 95.5%** |  |
|  | **BRAZIL — 4.1%** |  |
| 87360 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2174390 |
| 73300 | NU Holdings, Ltd. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1173533 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3347923** |
|  | **CANADA — 7.3%** |  |
| 30580 | Brookfield Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2097176 |
| 47494 | Canadian Natural Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1517908 |
| 7190 | Celestica, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1771472 |
| 7590 | CGI, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676497 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6063053** |
|  | **CHINA — 8.1%** |  |
| 10000 | Alibaba Group Holding Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1787300 |
| 7000 | Baidu, Inc. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922390 |
| 62900 | Kanzhun Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1469344 |
| 6070 | PDD Holdings, Inc. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802272 |
| 333000 | Wuxi Biologics Cayman, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1753577 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6734883** |
|  | **DENMARK — 2.4%** |  |
| 35770 | Novo Nordisk A/S - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1984877** |
|  | **FRANCE — 2.2%** |  |
| 27960 | Societe Generale S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1849995** |
|  | **GERMANY — 9.4%** |  |
| 43400 | Deutsche Telekom A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478086 |
| 147000 | Evotec S.E.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1067899 |
| 2330 | Muenchener Rueckversicherungs-Gesellschaft A.G. in Muenchen | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1486408 |
| 32000 | Siemens Energy A.G.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3734961 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7767354** |
|  | **INDIA — 1.1%** |  |
| 30800 | ICICI Bank Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**931084** |
|  | **IRELAND — 3.0%** |  |
| 4250 | ICON PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743750 |
| 4060 | Trane Technologies PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1713158 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2456908** |
|  | **ISRAEL — 2.1%** |  |
| 84980 | Teva Pharmaceutical Industries Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1716596** |

---

------

#### WCM Focused International Equity Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **ITALY — 1.6%** |  |
| 81000 | Cementir Holding N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1350317** |
|  | **JAPAN — 7.5%** |  |
| 97460 | Japan Exchange Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1089040 |
| 15100 | Recruit Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813073 |
| 9514 | Sony Financial Group, Inc. - ADR\*<sup>,1</sup> | &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;— |
| 53350 | Sony Group Corp. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1535947 |
| 33040 | Tokio Marine Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400600 |
| 7600 | Tokyo Electron Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1354674 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6193334** |
|  | **KAZAKSTAN — 0.9%** |  |
| 9000 | Kaspi.KZ JSC - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**735120** |
|  | **MEXICO — 1.3%** |  |
| 43960 | Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1039140** |
|  | **NETHERLANDS — 7.6%** |  |
| 27000 | Nebius Group N.V.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3031290 |
| 46650 | Prosus N.V.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3282697 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6313987** |
|  | **RUSSIA — 0.0%** |  |
| 34600 | Sberbank of Russia PJSC - ADR\*<sup>,1</sup> | &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;**—** |
|  | **SWEDEN — 1.2%** |  |
| 37000 | Sandvik A.B. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1028913** |
|  | **SWITZERLAND — 4.2%** |  |
| 3600 | Chubb Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1016100 |
| 201460 | Glencore PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925480 |
| 37597 | UBS Group A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1541477 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3483057** |
|  | **TAIWAN — 5.4%** |  |
| 15920 | Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4446297** |
|  | **UNITED KINGDOM — 25.4%** |  |
| 22220 | 3i Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1221861 |
| 11460 | AstraZeneca PLC - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879211 |
| 260010 | Babcock International Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4650529 |
| 27500 | British American Tobacco PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1459689 |
| 443850 | Convatec Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1381212 |

---

------

#### WCM Focused International Equity Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **UNITED KINGDOM (Continued)** |  |
| 165500 | Haleon PLC - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1484535 |
| 8760 | London Stock Exchange Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1003230 |
| 22220 | RELX PLC - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1061227 |
| 410360 | Rolls-Royce Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6567084 |
| 94000 | Wise PLC - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1308365 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21016943** |
|  | **UNITED STATES — 0.7%** |  |
| 17760 | Schlumberger N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**610411** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $66,403,098) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**79070192** |
|  | **SHORT-TERM INVESTMENTS — 2.8%** |  |
| 2277172 | Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class, 3.92%<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2277172 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost $2,277,172) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2277172** |
|  | **TOTAL INVESTMENTS — 98.3%** |  |
|  | (Cost $68,680,270) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**81347364** |
|  | Other Assets in Excess of Liabilities — 1.7% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1447805 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$82795169** |

---

---

| |
|:---|
| ADR – American Depository Receipt |
| JSC – Joint Stock Company |
| PJSC – Public Joint Stock Company |
| PLC – Public Limited Company |

---

\* Non-income producing security. <br> <sup>1</sup> The value of these securities was determined using significant unobservable inputs. These are reported as Level 3 securities in the Fair Value Hierarchy. <br> <sup>2</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 International Equity Fund

- **b. EDGAR series identifier (if any):** S000068910

- **c. LEI of Series:** 549300Y3Z9PEZMNQ6P81

**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:** $91763537.24

**Total Liabilities:** $9068343.86

**Net Assets:** $82695193.38

**Delayed Delivery Securities:** $35201.80

**Cash Not Reported:** $10208085.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220167 | 0.33%                | 2.82%                | 8.29%                |
| Class ID C000220168 | 0.33%                | 2.78%                | 8.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $41.72                   | $273180.64                                 |
| Month 2  | $1830177.78              | $-335985.78                                |
| Month 3  | $-64351.27               | $5221460.29                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kaspi.KZ JSC                   | Kaspi.KZ JSC - ADR                                           | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             |  | CORP              | KZ        |      9000 | NS      | $735120.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuxi Biologics Cayman Inc      | Wuxi Biologics Cayman, Inc.                                  | CUSIP: 999999999<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | CN        |    333000 | NS      | $1753577.49   | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Financial Group Inc       | Sony Financial Group, Inc. - ADR                             | CUSIP: 83571B100<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |      9514 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co., Ltd.                                   | CUSIP: 999999999<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     15100 | NS      | $813073.00    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd.                                          | CUSIP: 999999999<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      7600 | NS      | $1354674.24   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc       | Japan Exchange Group, Inc.                                   | CUSIP: 999999999<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |     97460 | NS      | $1089039.79   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings Inc      | Tokio Marine Holdings, Inc.                                  | CUSIP: 999999999<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     33040 | NS      | $1400600.20   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC - ADR                                        | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             |  | CORP              | GB        |     11460 | NS      | $879211.20    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group PL | Babcock International Group PLC                              | CUSIP: 999999999<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |    260010 | NS      | $4650528.51   | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd. - ADR                             | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             |  | CORP              | CN        |     10000 | NS      | $1787300.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC   | British American Tobacco PLC                                 | CUSIP: 999999999<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     27500 | NS      | $1459689.35   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                      | Baidu, Inc. - ADR                                            | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             |  | CORP              | CN        |      7000 | NS      | $922390.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                | Brookfield Corp.                                             | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     30580 | NS      | $2097176.40   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Ltd                    | Kanzhun Ltd. - ADR                                           | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             |  | CORP              | CN        |     62900 | NS      | $1469344.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd.                                                   | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      3600 | NS      | $1016100.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cementir Holding NV            | Cementir Holding N.V.                                        | CUSIP: 999999999<br>LEI: 8156008B101B97A43B02 | Long             | EC               | CORP              | IT        |     81000 | NS      | $1350316.98   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Celestica Inc                  | Celestica, Inc.                                              | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      7190 | NS      | $1771472.20   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd.                              | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     47494 | NS      | $1517908.24   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Convatec Group PLC             | Convatec Group PLC                                           | CUSIP: 999999999<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    443850 | NS      | $1381211.54   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom A.G.                                        | CUSIP: 999999999<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     43400 | NS      | $1478086.41   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG              | Siemens Energy A.G.                                          | CUSIP: 999999999<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |     32000 | NS      | $3734961.26   | 4.52%             |  |  |  | No            |                  2 | On Loan: No      |
| EUR SPOT FORWARD CONTRACT   /  | EUR SPOT FORWARD CONTRACT   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |   1318712 | OU      | $1548147.05   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Evotec SE                      | Evotec S.E.                                                  | CUSIP: 999999999<br>LEI: 529900F9KI6OYITO9B12 | Long             | EC               | CORP              | DE        |    147000 | NS      | $1067898.57   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifi | Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B    | CUSIP: 999999999<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     43960 | NS      | $1039139.65   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /         | GREAT BRITAIN POUND  /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |      8820 | OU      | $11861.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GBP SPOT FORWARD CONTRACT   /  | GBP SPOT FORWARD CONTRACT   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |   1777746 | OU      | $2390728.73   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GBP SPOT FORWARD CONTRACT   /  | GBP SPOT FORWARD CONTRACT   /                                | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        |     -8820 | OU      | $-11861.22    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                        | CGI, Inc.                                                    | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      7590 | NS      | $676496.70    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA            | Societe Generale S.A.                                        | CUSIP: 999999999<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     27960 | NS      | $1849994.83   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                   | 3i Group PLC                                                 | CUSIP: 999999999<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     22220 | NS      | $1221860.95   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                   | Glencore PLC                                                 | CUSIP: 999999999<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    201460 | NS      | $925480.58    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                     | Haleon PLC - ADR                                             | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             |  | CORP              | GB        |    165500 | NS      | $1484535.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                 | ICICI Bank Ltd. - ADR                                        | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             |  | CORP              | IN        |     30800 | NS      | $931084.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                       | ICON PLC                                                     | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      4250 | NS      | $743750.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PL | London Stock Exchange Group PLC                              | CUSIP: 999999999<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      8760 | NS      | $1003229.69   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio       | MSILF Treasury Portfolio - Class Institutional               | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   2276842 | PA      | $2276841.88   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                      | Muenchener Rueckversicherungs-Gesellschaft A.G. in Muenchen  | CUSIP: 999999999<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      2330 | NS      | $1486407.61   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| MXN SPOT FORWARD CONTRACT   /  | MXN SPOT FORWARD CONTRACT   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | MX        |   3079656 | OU      | $168163.16    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group NV                | Nebius Group N.V.                                            | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |     27000 | NS      | $3031290.00   | 3.67%             |  |  |  | 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        |     73300 | NS      | $1173533.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S - ADR                                       | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             |  | CORP              | DK        |     35770 | NS      | $1984877.30   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc               | PDD Holdings, Inc. - ADR                                     | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             |  | CORP              | CN        |      6070 | NS      | $802271.90    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                      | Prosus N.V.                                                  | CUSIP: 999999999<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     46650 | NS      | $3282696.64   | 3.97%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                       | RELX PLC - ADR                                               | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             |  | CORP              | GB        |     22220 | NS      | $1061227.20   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC       | Rolls-Royce Holdings PLC                                     | CUSIP: G7630U109<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    410360 | NS      | $6567084.45   | 7.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                     | Sandvik A.B.                                                 | CUSIP: 999999999<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     37000 | NS      | $1028913.15   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC        | Sberbank of Russia PJSC - ADR                                | CUSIP: 80585Y308<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |     34600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cia de Saneamento Basico do Es | Cia de Saneamento Basico do Estado de Sao Paulo SABESP - ADR | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             |  | CORP              | BR        |     87360 | NS      | $2174390.40   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SEK SPOT FORWARD CONTRACT   /  | SEK SPOT FORWARD CONTRACT   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | SE        |   1048457 | OU      | $111367.34    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                | Schlumberger N.V.                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     17760 | NS      | $610411.20    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp. - ADR                                       | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             |  | CORP              | JP        |     53350 | NS      | $1535946.50   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries | Teva Pharmaceutical Industries Ltd. - ADR                    | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             |  | CORP              | IL        |     84980 | NS      | $1716596.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co., Ltd. - ADR           | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             |  | CORP              | TW        |     15920 | NS      | $4446296.80   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                                       | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4060 | NS      | $1713157.60   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                   | UBS Group A.G.                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     37597 | NS      | $1541477.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise PLC                       | Wise PLC - Class A                                           | CUSIP: 999999999<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |     94000 | NS      | $1308364.71   | 1.58%             |  |  |  | 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