# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-002187
**Filing Date:** 2023-1
**Character Count:** 14391
**Document Hash:** 0248339f0ee1d598c5396812f1613749
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002187.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001145549-23-002187

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 23546655

**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

### Bernzott U.S. Small Cap Value Fund (Series ID: S000037462)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000115661 | Bernzott U.S. Small Cap Value Fund | BSCVX           |

## 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:** Bernzott U.S. Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000037462

- **c. LEI of Series:** 549300NKZ31YC2ZDL641

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $94221869.93

**Total Liabilities:** $387660.81

**Net Assets:** $93834209.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000115661 | -11.55%              | 11.38%               | 5.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1832775.67             | $-9414526.21                               |
| Month 2  | $-1672948.40             | $11358065.15                               |
| Month 3  | $935938.07               | $3689149.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Texas Capital Bancshares Inc   | Texas Capital Bancshares, Inc.                    | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     50840 | NS      | $3049891.60   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp            | Terreno Realty Corp. - REIT                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             |  | CORP              | US        |     54295 | NS      | $3183858.80   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hostess Brands Inc             | Hostess Brands, Inc.                              | CUSIP: 44109J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71550 | NS      | $1888920.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Partners LP       | Viper Energy Partners LP                          | CUSIP: 92763M105<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |    112695 | NS      | $3722315.85   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings  | WillScot Mobile Mini Holdings Corp.               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     36291 | NS      | $1749589.11   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc            | ADTRAN Holdings, Inc.                             | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    172725 | NS      | $3501135.75   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem | Artisan Partners Asset Management, Inc. - Class A | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     67875 | NS      | $2354583.75   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                 | API Group Corp.                                   | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    154625 | NS      | $2971892.50   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Transport Services Group I | Air Transport Services Group, Inc.                | CUSIP: 00922R105<br>LEI: 5493000F3MSFGIXTQE27 | Long             | EC               | CORP              | US        |    138815 | NS      | $3892372.60   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc        | BrightView Holdings, Inc.                         | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |    313237 | NS      | $2158202.93   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                   | Cadence Bank                                      | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    123015 | NS      | $3547752.60   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp              | Chord Energy Corp.                                | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     17665 | NS      | $2694442.45   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International | Compass Minerals International, Inc.              | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     52334 | NS      | $2321012.90   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc       | Encore Capital Group, Inc.                        | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     57335 | NS      | $2889684.00   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp          | Encompass Health Corp.                            | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     58215 | NS      | $3404413.20   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                   | Evercore, Inc. - Class A                          | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     21220 | NS      | $2444119.60   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                    | Gentex Corp.                                      | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    103100 | NS      | $2979590.00   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc       | Granite Construction, Inc.                        | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     97670 | NS      | $3518073.40   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc      | Halozyme Therapeutics, Inc.                       | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     74830 | NS      | $4284765.80   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                  | HCI Group, Inc.                                   | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     55225 | NS      | $2066519.50   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Corp/The         | Howard Hughes Corp.                               | CUSIP: 44267D107<br>LEI: 549300BVHY25JZC1KI49 | Long             | EC               | CORP              | US        |     47125 | NS      | $3512697.50   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                | Hillenbrand, Inc.                                 | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     61575 | NS      | $3078750.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| World Fuel Services Corp       | World Fuel Services Corp.                         | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |    124292 | NS      | $3536107.40   | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc  | Janus International Group, Inc.                   | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    297475 | NS      | $3257351.25   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| James River Group Holdings Ltd | James River Group Holdings Ltd.                   | CUSIP: G5005R107<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    123625 | NS      | $2969472.50   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Lending Corp              | Open Lending Corp.                                | CUSIP: 68373J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170095 | NS      | $1202571.65   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   / | UMB MONEY MARKET FIDUCIARY   /                    | CUSIP: SF8888528<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    409365 | PA      | $409364.78    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp   | Topgolf Callaway Brands Corp.                     | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    139160 | NS      | $2915402.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp              | MP Materials Corp.                                | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88205 | NS      | $2932816.25   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SP Plus Corp                   | SP Plus Corp.                                     | CUSIP: 78469C103<br>LEI: 0IDE18EMH1CUKQCUYE69 | Long             | EC               | CORP              | US        |     82380 | NS      | $2874238.20   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Realty Capital Inc      | Spirit Realty Capital, Inc. - REIT                | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             |  | CORP              | US        |     69875 | NS      | $2894222.50   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stericycle Inc                 | Stericycle, Inc.                                  | CUSIP: 858912108<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | EC               | CORP              | US        |     40930 | NS      | $2133680.90   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-06

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

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

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

**Title:** Assistant Vice President