# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-219664
**Filing Date:** 2025-9
**Character Count:** 36415
**Document Hash:** f5ee85dbb8fa6875c92d0052a6006609
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-219664.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001193125-25-219664

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**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:** 251346901

**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

### EP Emerging Markets Fund (Series ID: S000030491)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000093793 | Class A      | EPASX           |
| C000129565 | Class I      | EPEIX           |

## Nport-Ex

#### EP Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS

#### As of July 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 96.6%** |  |
|  | **BRAZIL — 8.0%** |  |
| 750000 | Ambev S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1668869 |
| 1000000 | B3 S.A. - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2246589 |
| 135000 | NU Holdings Ltd. - Class A <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1649700 |
| 200000 | Vale S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1909422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7474580** |
|  | **CANADA — 2.2%** |  |
| 600000 | B2Gold Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022000** |
|  | **CHINA — 28.4%** |  |
| 200000 | Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3006955 |
| 300000 | Anhui Conch Cement Co., Ltd. - Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868540 |
| 150000 | ANTA Sports Products Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1721713 |
| 2700000 | China Forestry Holdings Co., Ltd. <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;— |
| 700000 | Chongqing Fuling Zhacai Group Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1272825 |
| 1750000 | CSPC Pharmaceutical Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2199382 |
| 125000 | ENN Energy Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1018753 |
| 499904 | Hangzhou Robam Appliances Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1323662 |
| 125000 | Jiangsu Yanghe Distillery Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1170889 |
| 150000 | Luzhou Laojiao Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2559355 |
| 100000 | Midea Group Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973634 |
| 190000 | Shandong WIT Dyne Health Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872023 |
| 35000 | Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1122681 |
| 40000 | Tencent Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2800490 |
| 110000 | Wuliangye Yibin Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1850213 |
| 120000 | Zhejiang Cfmoto Power Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3723954 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26485069** |
|  | **HONG KONG — 2.4%** |  |
| 3250000 | China Overseas Property Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2230659** |
|  | **HUNGARY — 1.6%** |  |
| 50000 | Richter Gedeon Nyrt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1500772** |
|  | **INDIA — 5.5%** |  |
| 20000 | AIA Engineering Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714394 |
| 400000 | Castrol India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990897 |
| 50000 | GMM Pfaudler Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797747 |
| 300000 | Indraprastha Gas Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696400 |
| 55000 | Infosys Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919600 |
| 32060 | Mphasis Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1012241 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5131279** |

---

------

#### EP Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of July 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **INDONESIA — 10.7%** |  |
| 12500000 | Astra International Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3864007 |
| 24000000 | Telkom Indonesia Persero Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4214279 |
| 11000000 | Unilever Indonesia Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1141185 |
| 550000 | United Tractors Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805925 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10025396** |
|  | **MEXICO — 8.7%** |  |
| 170000 | Arca Continental S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1771821 |
| 1000000 | Bolsa Mexicana de Valores S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2144712 |
| 40000 | Grupo Aeroportuario del Sureste S.A.B. de C.V. - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1212489 |
| 1200000 | Kimberly-Clark de Mexico S.A.B. de C.V. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2236522 |
| 250000 | Wal-Mart de Mexico S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736947 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8102491** |
|  | **PHILIPPINES — 0.6%** |  |
| 3200000 | DMCI Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**562228** |
|  | **SINGAPORE — 1.8%** |  |
| 350000 | Grab Holdings Ltd. - Class A <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1711500** |
|  | **SOUTH AFRICA — 3.2%** |  |
| 250000 | JSE Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1865977 |
| 100000 | Mr Price Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1157165 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3023142** |
|  | **SOUTH KOREA — 10.5%** |  |
| 25000 | BGF Retail Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025085 |
| 12500 | GOLFZON Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598296 |
| 18000 | Hyundai Glovis Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1901397 |
| 5000 | NCSoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694207 |
| 9000 | Orion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718604 |
| 25000 | S-1 Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1332313 |
| 50000 | Samsung Electronics Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2548199 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9818101** |
|  | **TAIWAN — 7.5%** |  |
| 9000 | ASPEED Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1362967 |
| 400000 | Formosa Plastics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568998 |
| 51005 | Poya International Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789323 |
| 75000 | Realtek Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1434065 |
| 75000 | Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2887446 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7042799** |

---

------

#### EP Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of July 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **THAILAND — 0.6%** |  |
| 1500000 | Thai Beverage PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$535582** |
|  | **UNITED KINGDOM — 4.3%** |  |
| 75000 | British American Tobacco PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3974603** |
|  | **URUGUAY — 0.6%** |  |
| 250 | MercadoLibre, Inc. <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**593473** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $82,129,495) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**90233674** |
|  | **SHORT-TERM INVESTMENTS — 3.8%** |  |
| 3578535 | Federated Hermes Treasury Obligations Fund - Institutional Class, 4.112% <sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3578535 |
|  | **Total Short-Term Investments** |  |
|  | (Cost $3,578,535) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3578535** |
|  | **TOTAL INVESTMENTS — 100.4%** |  |
|  | (Cost $85,708,030) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**93812209** |
|  | Liabilities in Excess of Other Assets — (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403520) |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$93408689** |

---

ADR – American Depository Receipt <br> PCL – Public Company Limited <br> PLC – Public Limited Company

---

| |
|:---|
| <sup>\*</sup>Non-income producing security. |
| <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. |
| <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:** EP Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000030491

- **c. LEI of Series:** 549300E9C9AWHVZ11Y03

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $93965441.63

**Total Liabilities:** $476432.62

**Net Assets:** $93489009.01

**Cash Not Reported:** $197159.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093793 | 3.80%                | 3.95%                | 0.74%                |
| Class ID C000129565 | 3.88%                | 3.93%                | 0.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1395.83                | $2808334.16                                |
| Month 2  | $-301.15                 | $2774388.63                                |
| Month 3  | $52635.16                | $548189.48                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Midea Group Co Ltd             | Midea Group Co., Ltd. - Class A                                  | CUSIP: Y6S40V103<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    100000 | NS      | $973633.72    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Luzhou Laojiao Co Ltd          | Luzhou Laojiao Co., Ltd. - Class A                               | CUSIP: Y5347R104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    150000 | NS      | $2559355.06   | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co Ltd         | Wuliangye Yibin Co., Ltd. - Class A                              | CUSIP: Y9718N106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    110000 | NS      | $1850212.57   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANDA WIT                     | Shandong WIT Dyne Health Co., Ltd. - Class A                     | CUSIP: Y76793101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    190000 | NS      | $872023.11    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| YANGHE                         | Jiangsu Yanghe Distillery Co., Ltd. - Class A                    | CUSIP: Y444AE101<br>LEI: 655600IQ7FXTTBKI8H68 | Long             | EC               | CORP              | CN        |    125000 | NS      | $1170889.00   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| FULING ZHACAI                  | Chongqing Fuling Zhacai Group Co., Ltd. - Class A                | CUSIP: Y1588V102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    700000 | NS      | $1272824.59   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ROBAM APPLIANCES               | Hangzhou Robam Appliances Co., Ltd. - Class A                    | CUSIP: Y3041Z100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    499904 | NS      | $1323662.45   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co., Ltd.                                    | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     50000 | NS      | $2548198.71   | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| S-1 Corp                       | S-1 Corp.                                                        | CUSIP: Y75435100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     25000 | NS      | $1332313.35   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd  | CSPC Pharmaceutical Group Ltd.                                   | CUSIP: Y1837N109<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | CN        |   1750000 | NS      | $2199382.17   | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Plastics Corp          | Formosa Plastics Corp.                                           | CUSIP: Y26095102<br>LEI: 254900KM6G17UTG1QN82 | Long             | EC               | CORP              | TW        |    400000 | NS      | $568997.74    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd       | ANTA Sports Products Ltd.                                        | CUSIP: G04011105<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | CN        |    150000 | NS      | $1721713.38   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLFZON Co Ltd                 | GOLFZON Co., Ltd.                                                | CUSIP: Y2R07U106<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     12500 | NS      | $598296.67    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co., Ltd.                     | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     75000 | NS      | $2887446.60   | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp     | Realtek Semiconductor Corp.                                      | CUSIP: Y7220N101<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |     75000 | NS      | $1434065.58   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA OVS PPT                  | China Overseas Property Holdings Ltd.                            | CUSIP: G2118M109<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   3250000 | NS      | $2230659.24   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd        | ENN Energy Holdings Ltd.                                         | CUSIP: G3066L101<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |    125000 | NS      | $1018753.18   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Corp/Republic of Korea   | Orion Corp./Republic of Korea                                    | CUSIP: Y6S90M128<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9000 | NS      | $718603.82    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Cfmoto Power Co Ltd   | Zhejiang Cfmoto Power Co., Ltd. - Class A                        | CUSIP: Y988F1100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    120000 | NS      | $3723953.90   | 3.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd.                                            | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |     40000 | NS      | $2800489.68   | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Conch Cement Co Ltd      | Anhui Conch Cement Co., Ltd. - Class H                           | CUSIP: Y01373102<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |    300000 | NS      | $868540.13    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| China Forestry Holdings Co Ltd | China Forestry Holdings Co., Ltd.                                | CUSIP: G2113A100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2700000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd.                                       | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    200000 | NS      | $3006955.41   | 3.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                       | Ambev S.A.                                                       | CUSIP: P0273U106<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    750000 | NS      | $1668869.20   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV     | Arca Continental S.A.B. de C.V.                                  | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    170000 | NS      | $1771820.83   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Engineering Ltd            | AIA Engineering Ltd.                                             | CUSIP: Y0028Y106<br>LEI: 3358009DFG4JFX1O8H85 | Long             | EC               | CORP              | IN        |     20000 | NS      | $714393.64    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk PT     | Astra International Tbk P.T.                                     | CUSIP: Y7117N172<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |  12500000 | NS      | $3864006.99   | 4.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Surest | Grupo Aeroportuario del Sureste S.A.B. de C.V. - Class B         | CUSIP: P4950Y100<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     40000 | NS      | $1212488.74   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao    | B3 S.A. - Brasil Bolsa Balcao                                    | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   1000000 | NS      | $2246589.04   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bolsa Mexicana de Valores SAB  | Bolsa Mexicana de Valores S.A.B. de C.V.                         | CUSIP: P17330104<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |   1000000 | NS      | $2144712.43   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                    | B2Gold Corp.                                                     | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    600000 | NS      | $2022000.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC   | British American Tobacco PLC                                     | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     75000 | NS      | $3974603.10   | 4.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Castrol India Ltd              | Castrol India Ltd.                                               | CUSIP: Y1143S149<br>LEI: 335800KCNMKXQFPJ5Q28 | Long             | EC               | CORP              | IN        |    400000 | NS      | $990897.14    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DMCI Holdings Inc              | DMCI Holdings, Inc.                                              | CUSIP: Y2088F100<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   3200000 | NS      | $562227.92    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GMM Pfaudler Ltd               | GMM Pfaudler Ltd.                                                | CUSIP: Y27292120<br>LEI: 335800KCMB1KC4EBZR39 | Long             | EC               | CORP              | IN        |     50000 | NS      | $797747.57    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd              | Grab Holdings Ltd. - Class A                                     | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |    350000 | NS      | $1711500.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Indraprastha Gas Ltd           | Indraprastha Gas Ltd.                                            | CUSIP: Y39881126<br>LEI: 33580033VPD8D168H736 | Long             | EC               | CORP              | IN        |    300000 | NS      | $696399.61    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                    | Infosys Ltd. - ADR                                               | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             |  | CORP              | IN        |     55000 | NS      | $919600.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIAN RUPIES  /               | INDIAN RUPIES  /                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | IN        |      8890 | OU      | $101.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JSE Ltd                        | JSE Ltd.                                                         | CUSIP: S4254A102<br>LEI: 213800MZ1VUQEBWRFO39 | Long             | EC               | CORP              | ZA        |    250000 | NS      | $1865977.17   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico SAB d | Kimberly-Clark de Mexico S.A.B. de C.V. - Class A                | CUSIP: P60694117<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |   1200000 | NS      | $2236522.66   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NCSoft Corp                    | NCSoft Corp.                                                     | CUSIP: Y6258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      5000 | NS      | $694206.94    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd          | Hyundai Glovis Co., Ltd.                                         | CUSIP: Y27294100<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |     18000 | NS      | $1901396.97   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre, Inc.                                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       250 | NS      | $593472.50    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mphasis Ltd                    | Mphasis Ltd.                                                     | CUSIP: Y6144V108<br>LEI: 335800NSYTIQLQKUYP62 | Long             | EC               | CORP              | IN        |     32060 | NS      | $1012241.14   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd             | Mr Price Group Ltd.                                              | CUSIP: S5256M135<br>LEI: 378900D3417C35C5D733 | Long             | EC               | CORP              | ZA        |    100000 | NS      | $1157165.29   | 1.24%             |  |  |  | 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        |    135000 | NS      | $1649700.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Richter Gedeon Nyrt            | Richter Gedeon Nyrt                                              | CUSIP: X3124S107<br>LEI: 549300J6ZJW5IH4WEE46 | Long             | EC               | CORP              | HU        |     50000 | NS      | $1500771.50   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Thai Beverage PCL              | Thai Beverage PCL                                                | CUSIP: Y8588A103<br>LEI: 529900VZFHQZ684D8L07 | Long             | EC               | CORP              | TH        |   1500000 | NS      | $535582.26    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk P | Telkom Indonesia Persero Tbk P.T.                                | CUSIP: Y71474145<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |  24000000 | NS      | $4214278.51   | 4.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Federated Hermes Treasury Obli | Federated Hermes Treasury Obligations Fund - Class Institutional | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |   3382592 | PA      | $3382591.87   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT         | United Tractors Tbk P.T.                                         | CUSIP: Y7146Y140<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    550000 | NS      | $805925.44    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever Indonesia Tbk PT      | Unilever Indonesia Tbk P.T.                                      | CUSIP: Y9064H141<br>LEI: 549300MUHUFNRRI19O72 | Long             | EC               | CORP              | ID        |  11000000 | NS      | $1141184.59   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                        | Vale S.A.                                                        | CUSIP: P9661Q155<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    200000 | NS      | $1909422.10   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV   | Wal-Mart de Mexico S.A.B. de C.V.                                | CUSIP: P98180188<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    250000 | NS      | $736946.73    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BGF retail Co Ltd              | BGF retail Co., Ltd.                                             | CUSIP: Y0R8SQ109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     25000 | NS      | $2025084.74   | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical E | Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - Class A     | CUSIP: Y774E3101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     35000 | NS      | $1122680.63   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc          | ASPEED Technology, Inc.                                          | CUSIP: Y04044106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      9000 | NS      | $1362966.91   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Poya International Co Ltd      | Poya International Co., Ltd.                                     | CUSIP: Y7083H100<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     51005 | NS      | $789322.60    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-06

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President