# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-26-236367
**Filing Date:** 2026-5
**Character Count:** 25817
**Document Hash:** 88e7af662127957720a1bbaf425a1494
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-236367.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001193125-26-236367

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20261231

**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:** 261012866

**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 Growth Fund (Series ID: S000032897)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000101539 | Institutional Class | WCMIX           |
| C000104483 | Investor Class      | WCMRX           |

## Nport-Ex

#### WCM Focused International Growth Fund

#### SCHEDULE OF INVESTMENTS

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 95.8%** |  |
|  | **BERMUDA — 2.4%** |  |
| 4833020 | Arch Capital Group Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$463921590** |
|  | **BRAZIL — 1.9%** |  |
| 26022980 | NU Holdings, Ltd. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**373950223** |
|  | **CANADA — 7.3%** |  |
| 8517540 | Canadian Natural Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415498716 |
| 6158150 | Canadian Pacific Kansas City Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484400079 |
| 2503330 | Shopify, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296945005 |
| 1513720 | Waste Connections, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245888677 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1442732477** |
|  | **CHINA — 2.2%** |  |
| 6947700 | Tencent Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**438208022** |
|  | **FRANCE — 4.2%** |  |
| 1665005 | Safran S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544815923 |
| 3865970 | Societe Generale S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282269430 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**827085353** |
|  | **GERMANY — 12.9%** |  |
| 1113040 | Deutsche Boerse A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326046491 |
| 159520 | Rheinmetall A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269064995 |
| 1846130 | SAP S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314720143 |
| 9380780 | Siemens Energy A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1617644602 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2527476231** |
|  | **INDIA — 1.7%** |  |
| 12581740 | ICICI Bank Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**325867066** |
|  | **IRELAND — 7.5%** |  |
| 747970 | Aon PLC - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241429757 |
| 6179150 | Experian PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213769146 |
| 4354530 | Medtronic PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377320024 |
| 1614450 | Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632476932 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1464995859** |
|  | **ISRAEL — 2.0%** |  |
| 13253660 | Teva Pharmaceutical Industries Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**399200239** |
|  | **JAPAN — 3.2%** |  |
| 10237900 | Mitsubishi Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281303296 |

---

------

#### WCM Focused International Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **JAPAN (Continued)** |  |
| 6197100 | Nintendo Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$353765431 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**635068727** |
|  | **NETHERLANDS — 6.6%** |  |
| 275410 | Adyen N.V.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275632792 |
| 391870 | ASM International N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297006661 |
| 543760 | ASML Holding N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718214521 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1290853974** |
|  | **SINGAPORE — 3.5%** |  |
| 8373407 | Sea Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**693401834** |
|  | **SOUTH KOREA — 3.0%** |  |
| 2059700 | Samsung Electronics Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240905378 |
| 609560 | SK hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345843087 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**586748465** |
|  | **SWEDEN — 2.2%** |  |
| 891430 | Spotify Technology S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**432263321** |
|  | **SWITZERLAND — 7.9%** |  |
| 2673296 | Novartis A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410336225 |
| 4372480 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722945843 |
| 10465020 | UBS Group A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408066415 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1541348483** |
|  | **TAIWAN — 6.7%** |  |
| 22893000 | Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1324005807** |
|  | **UNITED KINGDOM — 18.6%** |  |
| 10965800 | 3i Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357393638 |
| 2504260 | AstraZeneca PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489693044 |
| 30778050 | BAE Systems PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902385539 |
| 5379960 | British American Tobacco PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312360264 |
| 739590 | Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366659138 |
| 230154100 | Lloyds Banking Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285263136 |
| 61851640 | Rolls-Royce Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939694651 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3653449410** |
|  | **UNITED STATES — 2.0%** |  |
| 1687740 | Ferguson Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**393682232** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $13,702,665,512) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18814259313** |

---

------

#### WCM Focused International Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  | Value |
|  | **BANK DEPOSIT INVESTMENTS — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;$561145655 | UMB Bank, Money Market Special II, 3.43%<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$561145655 |
|  | **TOTAL BANK DEPOSIT INVESTMENTS** |  |
|  | (Cost $561,145,655) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**561145655** |
|  | **TOTAL INVESTMENTS — 98.6%** |  |
|  | (Cost $14,263,811,167) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19375404968** |
|  | Other Assets in Excess of Liabilities — 1.4% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271704310 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;**$19647109278** |

---

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

\* Non-income producing security. <br> <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:** WCM Focused International Growth Fund

- **b. EDGAR series identifier (if any):** S000032897

- **c. LEI of Series:** 549300UG6YELRC2USD98

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $19664448364.98

**Total Liabilities:** $22408991.54

**Net Assets:** $19642039373.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000101539 | 6.87%                | 2.48%                | -9.83%               |
| Class ID C000104483 | 6.87%                | 2.45%                | -9.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $500121973.80            | $899197427.63                              |
| Month 2  | $445403285.06            | $88599578.14                               |
| Month 3  | $139047737.82            | $-2311885840.33                            |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SK hynix Inc                    | SK hynix, Inc.                               | CUSIP: 999999999<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |    609560 | NS      | $345843086.47  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd      | Samsung Electronics Co., Ltd.                | CUSIP: 999999999<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |   2059700 | NS      | $240905378.08  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                            | Taiwan Semiconductor Manufacturing Co., Ltd. | CUSIP: 999999999<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |  22893000 | NS      | $1324005806.42 | 6.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd            | Tencent Holdings Ltd.                        | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |   6947700 | NS      | $438208022.32  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L  | Canadian Pacific Kansas City Ltd.            | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   6158150 | NS      | $484400079.00  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG              | Deutsche Boerse A.G.                         | CUSIP: 999999999<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |   1113040 | NS      | $326046491.60  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG               | Siemens Energy A.G.                          | CUSIP: 999999999<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |   9380780 | NS      | $1617644602.19 | 8.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                    | Experian PLC                                 | CUSIP: 999999999<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |   6179150 | NS      | $213769146.00  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc        | Ferguson Enterprises, Inc.                   | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |   1687740 | NS      | $393682232.40  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GBP SPOT FORWARD CONTRACT   /   | GBP SPOT FORWARD CONTRACT   /                | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        | -90254835 | OU      | $-119463712.32 | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA             | Societe Generale S.A.                        | CUSIP: 999999999<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |   3865970 | NS      | $282269429.56  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                  | ICICI Bank Ltd. - ADR                        | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             |  | CORP              | IN        |  12581740 | NS      | $325867066.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                    | 3i Group PLC                                 | CUSIP: 999999999<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |  10965800 | NS      | $357393637.86  | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                       | Linde PLC                                    | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | GB        |    739590 | NS      | $366659138.40  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC        | Lloyds Banking Group PLC                     | CUSIP: 999999999<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        | 230154100 | NS      | $285263135.99  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                   | Medtronic PLC                                | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |   4354530 | NS      | $377320024.50  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                     | Novartis A.G.                                | CUSIP: 999999999<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |   2673296 | NS      | $410336225.52  | 2.09%             |  |  |  | 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        |  26022980 | NS      | $373950222.60  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In  | Philip Morris International, Inc.            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   4372480 | NS      | $722945843.20  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                  | Rheinmetall A.G.                             | CUSIP: 999999999<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |    159520 | NS      | $269064994.73  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC        | Rolls-Royce Holdings PLC                     | CUSIP: G7630U109<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |  61851640 | NS      | $939694651.34  | 4.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                       | Safran S.A.                                  | CUSIP: 999999999<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |   1665005 | NS      | $544815923.53  | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                          | SAP S.E.                                     | CUSIP: 999999999<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |   1846130 | NS      | $314720142.64  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                         | Sea Ltd. - ADR                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | SG        |   8373407 | NS      | $693401833.67  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                     | Shopify, Inc.                                | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |   2503330 | NS      | $296945004.60  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   / | UMB MONEY MARKET II SPECIAL   /              | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        | 564479317 | PA      | $564479317.13  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA           | Spotify Technology S.A.                      | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |    891430 | NS      | $432263321.30  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL  | Seagate Technology Holdings PLC              | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |   1614450 | NS      | $632476932.00  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries  | Teva Pharmaceutical Industries Ltd. - ADR    | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             |  | CORP              | IL        |  13253660 | NS      | $399200239.20  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR SPOT FORWARD CONTRACT   /   | EUR SPOT FORWARD CONTRACT   /                | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | XX        | -93979022 | OU      | $-108621153.01 | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Lt  | Mitsubishi Heavy Industries Ltd.             | CUSIP: 999999999<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |  10237900 | NS      | $281303295.78  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                 | Nintendo Co., Ltd.                           | CUSIP: 999999999<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |   6197100 | NS      | $353765431.51  | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd          | Arch Capital Group Ltd.                      | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |   4833020 | NS      | $463921589.80  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                        | Adyen N.V.                                   | CUSIP: 999999999<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |    275410 | NS      | $275632791.79  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                         | Aon PLC - Class A                            | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |    747970 | NS      | $241429756.60  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV            | ASM International N.V.                       | CUSIP: 999999999<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |    391870 | NS      | $297006661.16  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                 | ASML Holding N.V.                            | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             |  | CORP              | NL        |    543760 | NS      | $718214520.80  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                 | AstraZeneca PLC                              | CUSIP: 999999999<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   2504260 | NS      | $489693043.96  | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                 | BAE Systems PLC                              | CUSIP: 999999999<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |  30778050 | NS      | $902385538.49  | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC    | British American Tobacco PLC                 | CUSIP: 999999999<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |   5379960 | NS      | $312360263.97  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd  | Canadian Natural Resources Ltd.              | CUSIP: 136385952<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |   8517540 | NS      | $415498716.41  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                    | UBS Group A.G.                               | CUSIP: 999999999<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |  10465020 | NS      | $408066414.56  | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Connections Inc           | Waste Connections, Inc.                      | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |   1513720 | NS      | $245888676.80  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-06

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President