# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-25-054437
**Filing Date:** 2025-8
**Character Count:** 9913
**Document Hash:** 86eb7858500765df7664360c26cad833
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054437.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054437

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**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:** 251262965

**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

### Ironclad Managed Risk Fund (Series ID: S000030132)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000092548 | Ironclad Managed Risk Fund | IRONX           |

## Nport-Ex

#### Ironclad Managed Risk Fund

#### SCHEDULE OF INVESTMENTS

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **EXCHANGE-TRADED FUNDS – 98.6%** |  |
| 159114 | iShares Core S&P 500 ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$98793883 |
| 6805 | SPDR S&P 500 ETF Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4204469 |
| 164258 | Vanguard S&P 500 ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93303472 |
|  | **TOTAL EXCHANGE-TRADED FUNDS** |  |
|  | (Cost $145,937,496) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**196301824** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Contracts |  |  |
|  | **PURCHASED OPTIONS CONTRACTS – 1.1%** |  |
|  | **PUT OPTIONS – 1.1%** |  |
|  | S&P 500 Index |  |
| 312 | Exercise Price: $5,750.00, Notional Amount: $179,400,000, Expiration Date: September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2166840 |
| 312 | Exercise Price: $2,800.00, Notional Amount: $87,360,000, Expiration Date: September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56160 |
|  | **TOTAL PUT OPTIONS** |  |
|  | (Cost $5,127,854) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2223000** |
|  | **TOTAL PURCHASED OPTIONS CONTRACTS** |  |
|  | (Cost $5,127,854) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2223000** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS–1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1899704 | UMB Bank, Institutional Banking Money Market II Deposit Investment, 3.80%<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1899703 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost $1,899,704) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1899703** |
|  | **TOTAL INVESTMENTS – 100.7%** |  |
|  | (Cost $152,965,054) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**200424527** |
|  | Liabilities in Excess of Other Assets – (0.7)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1316548) |
|  | **TOTAL NET ASSETS – 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$199107979** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Contracts |  |  |
|  | **WRITTEN OPTIONS CONTRACTS – (0.3)%** |  |
|  | **PUT OPTIONS – (0.3)%** |  |
|  | S&P 500 Index |  |
| (624) | Exercise Price: $4,250.00, Notional Amount: $(265200000), Expiration Date: September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(505440) |
|  | **TOTAL PUT OPTIONS** |  |
|  | (Proceeds $1,117,530) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(505440)** |
|  | **TOTAL WRITTEN OPTIONS CONTRACTS** |  |
|  | (Proceeds $1,117,530) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(505440)** |

---

ETF – Exchange-Traded Fund

------

#### Ironclad Managed Risk Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

<sup>1</sup>The rate is the annualized seven-day yield at period end.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST

- **b. Investment Company Act file number:** 811-21719

- **c. CIK number of Registrant:** 0001318342

- **d. LEI of Registrant:** 549300ESWU4ZNAH5Y054

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Ironclad Managed Risk Fund

- **b. EDGAR series identifier (if any):** S000030132

- **c. LEI of Series:** 549300BTO328LME8TL55

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $200948124.33

**Total Liabilities:** $2029437.63

**Net Assets:** $198918686.70

**Cash Not Reported:** $939372.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092548 | -1.66%               | 3.72%                | 3.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-1344869.27                               |
| Month 2  | $0.00                    | $10936803.07                               |
| Month 3  | $0.00                    | $9083255.46                                |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vanguard S&P 500 ETF                    | Vanguard S&P 500 ETF - Class USD INC - ETF     | CUSIP: 922908363<br>LEI: N/A                  | Long             |  | RF                | US        |    164258 | NS      | $93303471.74  | 46.91%            |  |  |  | No            |                  1 | On Loan: No      |
| SPX 09/30/25 P4250 09/25 4250.0 PUT   / | SPX 09/30/25 P4250 09/25 4250.0 PUT   /        | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |      -624 | NC      | $-505440.00   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| SPX 09/30/25 P5750 09/25 5750.0 PUT   / | SPX 09/30/25 P5750 09/25 5750.0 PUT   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |       312 | NC      | $2166840.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX 09/30/25 P2800 09/25 2800.0 PUT   / | SPX 09/30/25 P2800 09/25 2800.0 PUT   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |       312 | NC      | $56160.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB IB MONEY MARKET II   /              | UMB IB MONEY MARKET II   /                     | CUSIP: SF8888627<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1906237 | PA      | $1906236.67   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 ETF                | iShares Core S&P 500 ETF - Class USD INC - ETF | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             |  | RF                | US        |    159114 | NS      | $98793882.60  | 49.67%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                  | SPDR S&P 500 ETF Trust - Class USD INC - ETF   | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             |  | RF                | US        |      6805 | NS      | $4204469.25   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-08

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President