# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-018510
**Filing Date:** 2023-3
**Character Count:** 38812
**Document Hash:** 6cd159ccf4c29052953d84d85f88647a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-018510.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001145549-23-018510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20231031

**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:** 23767213

**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

### EuroPac International Bond Fund (Series ID: S000030228)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000093021 | Class A      | EPIBX           |
| C000129564 | Class I      | EPBIX           |

## Nport-Ex

#### EuroPac International Bond Fund

#### SCHEDULE OF INVESTMENTS

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 0.0%** |  |
|  | **UNITED STATES — 0.0%** |  |
| 1197 | Hycroft Mining Holding Corp. <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$717 |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $1,585,230) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**717** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  |  |
|  | **FIXED INCOME SECURITIES — 92.6%** |  |
|  | **ARGENTINA — 1.4%** |  |
| 33500000 | Argentina Treasury Bond BONCER<br> 1.400%, 3/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**668913** |
|  | **AUSTRALIA — 6.7%** |  |
| 2050000 | Australia Government Bond<br> 1.250%, 5/21/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1187003 |
| 1000000 | BHP Billiton Finance Ltd.<br> 5.625% (Euro 5-year interest swap rate + 480 basis points), 10/22/2079<sup>2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098065 |
| 1000000 | Newcrest Finance Pty Ltd.<br> 5.750%, 11/15/2041<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950149 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3235217** |
|  | **BRAZIL — 2.7%** |  |
| 7200000 | Brazilian Government International Bond<br> 10.250%, 1/10/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1315979** |
|  | **CANADA — 9.5%** |  |
| 1500000 | Bank of Nova Scotia<br> 2.490%, 9/23/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1086381 |
| 1500000 | Bell Canada, Inc.<br> 2.500%, 5/14/2030<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;986794 |
| 2000000 | Canadian Government Bond<br> 2.500%, 6/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1471616 |
| 1500000 | Pembina Pipeline Corp.<br> 3.310%, 2/1/2030<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1031896 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4576687** |
|  | **CHILE — 1.0%** |  |
| 375000000 | Bonos de la Tesoreria de la Republica en pesos<br> 4.500%, 3/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**460345** |
|  | **COLOMBIA — 3.3%** |  |
| 8150000000 | Colombia Government International Bond<br> 9.850%, 6/28/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1593689** |

---

------

#### EuroPac International Bond Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **FIXED INCOME SECURITIES (Continued)** |  |
|  | **DOMINICAN REPUBLIC — 1.3%** |  |
| 37000000 | Dominican Republic International Bond<br> 9.750%, 6/5/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$619383** |
|  | **GERMANY — 3.3%** |  |
| 33700000 | Kreditanstalt fuer Wiederaufbau<br> 4.400%, 7/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1576082** |
|  | **IRELAND — 2.0%** |  |
| 1000000 | Glencore Capital Finance DAC<br> 0.500%, 9/7/2028<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**963688** |
|  | **LUXEMBOURG — 1.8%** |  |
| 18000000 | European Investment Bank<br> 6.500%, 7/7/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**872150** |
|  | **MALTA — 1.5%** |  |
| 7250000 | Gaming Innovation Group PLC<br> 10.993% (Stockholm Interbank Offered Rates 3 Month + 850 basis points), 6/11/2024<sup>2,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**710608** |
|  | **MEXICO — 7.5%** |  |
|  | Mexican Bonos |  |
| 35000000 | 6.750%, 3/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1849434 |
| 15000000 | 5.750%, 3/5/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722406 |
| 21000000 | Petroleos Mexicanos<br> 7.190%, 9/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1035502 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3607342** |
|  | **NEW ZEALAND — 4.5%** |  |
| 1000000 | New Zealand Government Inflation Linked Bond<br> 3.000%, 9/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855123 |
| 2000000 | New Zealand Local Government Funding Agency Bond<br> 4.500%, 4/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1282754 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2137877** |
|  | **NORWAY — 12.0%** |  |
|  | Aker A.S.A. |  |
| 4000000 | 5.260% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 190 basis points), 11/22/2024<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403242 |
| 5000000 | 6.275%, 9/27/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520881 |
|  | City of Oslo Norway |  |
| 14000000 | 2.300%, 3/14/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1381359 |
| 5000000 | 1.320%, 2/16/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447491 |

---

------

#### EuroPac International Bond Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **FIXED INCOME SECURITIES (Continued)** |  |
|  | **NORWAY (Continued)** |  |
| 10000000 | DNB Bank A.S.A.<br> 5.780% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 230 basis points), 5/28/2030<sup>2,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1007609 |
| 7100000 | Lime Petroleum A.S.<br> 12.520% (Oslo Bors Norway Interbank Offered Rate Fixing 3 Month + 925 basis points), 7/7/2025<sup>2,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709545 |
| 13000000 | Norway Government Bond<br> 3.000%, 3/14/2024<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1299889 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5770016** |
|  | **PERU — 2.7%** |  |
| 5400000 | Peruvian Government International Bond<br> 5.940%, 2/12/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1277809** |
|  | **PHILIPPINES — 4.3%** |  |
|  | Asian Development Bank |  |
| 75000000 | 6.200%, 10/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897487 |
| 100000000 | 6.150%, 2/25/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1175463 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2072950** |
|  | **SINGAPORE — 6.2%** |  |
|  | Housing & Development Board |  |
| 1000000 | 2.420%, 7/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754902 |
| 1000000 | 2.320%, 1/24/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726088 |
| 2000000 | Singapore Government Bond<br> 2.125%, 6/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1483483 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2964473** |
|  | **SOUTH KOREA — 2.9%** |  |
| 20500000000 | Export-Import Bank of Korea<br> 7.250%, 12/7/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1387891** |
|  | **UNITED KINGDOM — 8.2%** |  |
| 1000000 | BP Capital Markets PLC<br> 3.250% (Euro 5-year interest swap rate + 388 basis points) <sup>2,3,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015166 |
|  | European Bank for Reconstruction & Development |  |
| 40000000 | 2.000%, 2/5/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707160 |
| 75000000 | 5.150%, 2/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895102 |
| 370000 | Rolls-Royce PLC<br> 1.625%, 5/9/2028<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326956 |
| 1000000 | Vodafone Group PLC<br> 4.200% (Euro 5-year interest swap rate + 343 basis points), 10/3/2078<sup>2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011133 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3955517** |

---

------

#### EuroPac International Bond Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of January 31, 2023 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **FIXED INCOME SECURITIES (Continued)** |  |
|  | **UNITED STATES — 9.8%** |  |
| 34000000000 | Inter-American Development Bank<br> 7.875%, 3/14/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2274824 |
| 75000000 | International Bank for Reconstruction & Development<br> 6.000%, 1/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899279 |
|  | International Finance Corp. |  |
| 8000000000 | 8.000%, 10/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543010 |
| 20000000 | 7.000%, 7/20/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971403 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4688516** |
|  | **TOTAL FIXED INCOME SECURITIES** |  |
|  | (Cost $48,783,625) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**44455132** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  |  |
|  | **SHORT-TERM INVESTMENTS — 5.1%** |  |
| 2459954 | Federated Hermes Treasury Obligations Fund - Institutional Class, 4.119% <sup>7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2459954 |
|  | **Total Short-Term Investments** |  |
|  | (Cost $2,459,954) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2459954** |
|  | **TOTAL INVESTMENTS — 97.7%** |  |
|  | (Cost $52,828,809) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46915803** |
|  | Other Assets in Excess of Liabilities — 2.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1089954 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$48005757** |

---

PLC – Public Limited Company

---

| |
|:---|
| <sup>\*</sup>Non-income producing security. |
| <sup>1</sup>Local currency. |
| <sup>2</sup>Callable. |
| <sup>3</sup>Variable rate security. |
| <sup>4</sup>Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $3,670,191, which represents 7.65% of Net Assets. |
| <sup>5</sup>Floating rate security. |
| <sup>6</sup>Perpetual security. Maturity date is not applicable. |
| <sup>7</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:** EuroPac International Bond

- **b. EDGAR series identifier (if any):** S000030228

- **c. LEI of Series:** 549300OCZEDSQQHMB323

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $48089562.40

**Total Liabilities:** $80507.33

**Net Assets:** $48009055.07

**Cash Not Reported:** $13043.07

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 63.312310007503 | **1-Year:** 1789.621933884836 | **5-Year:** 4321.506083557443 | **10-Year:** 2721.070622621395 | **30-Year:** 456.336133456023

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 16.644907440000 | **1-Year:** 516.929545104426 | **5-Year:** 1931.885557907536 | **10-Year:** 133.893335226538 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093021 | 4.28%                | 0.50%                | 2.85%                |
| Class ID C000129564 | 4.34%                | 0.49%                | 2.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-175716.14              | $1932595.52                                |
| Month 2  | $-12267.93               | $69464.76                                  |
| Month 3  | $-3799.43                | $1131256.05                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BONCER                         | Argentina Treasury Bond BONCER                                   | CUSIP: P8S090TN6<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    33500000 | PA      | $668912.54    | 1.39%             | 2023-03-25      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| AUSTRALIAN GOVERNMENT          | Australia Government Bond                                        | CUSIP: Q2R04NBY9<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |     2050000 | PA      | $1187003.11   | 2.47%             | 2032-05-21      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NORWEGIAN GOVERNMENT           | Norway Government Bond                                           | CUSIP: R34155AK8<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |    13000000 | PA      | $1299889.30   | 2.71%             | 2024-03-14      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT        | Mexican Bonos                                                    | CUSIP: P4R07XKC9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    15000000 | PA      | $722405.67    | 1.50%             | 2026-03-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OSLO KOMMUNE                   | City of Oslo Norway                                              | CUSIP: 999999999<br>LEI: 5967007LIEEXZXGVU850 | Long             | DBT              |  | NO        |     5000000 | PA      | $447490.88    | 0.93%             | 2028-02-16      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| NEWCREST FINANCE PTY LTD       | Newcrest Finance Pty Ltd.                                        | CUSIP: 65120FAB0<br>LEI: 549300I0XDZ4K7PDSS04 | Long             | DBT              | CORP              | AU        |     1000000 | PA      | $950149.00    | 1.98%             | 2041-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PEMBINA PIPELINE CORP          | Pembina Pipeline Corp.                                           | CUSIP: 70632ZAQ4<br>LEI: 5493002W3L9YICM6FU21 | Long             | DBT              | CORP              | CA        |     1500000 | PA      | $1031896.51   | 2.15%             | 2030-02-01      | Fixed         | 3.31%                 | No            |                  1 | On Loan: No      |
| ARGENTINE PESO  /              | ARGENTINE PESO  /                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | AR        |     1241251 | OU      | $6638.03      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN DOLLAR  /           | AUSTRALIAN DOLLAR  /                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | AU        |       27878 | OU      | $19677.77     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FED REPUBLIC OF BRAZIL         | Brazilian Government International Bond                          | CUSIP: 105756BN9<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     7200000 | PA      | $1315978.96   | 2.74%             | 2028-01-10      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA           | Colombia Government International Bond                           | CUSIP: P3772NBA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  8150000000 | PA      | $1593689.10   | 3.32%             | 2027-06-28      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| CANADIAN GOVERNMENT            | Canadian Government Bond                                         | CUSIP: 135087B45<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     2000000 | PA      | $1471615.81   | 3.07%             | 2024-06-01      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| SINGAPORE GOVERNMENT           | Singapore Government Bond                                        | CUSIP: V81778GB8<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |     2000000 | PA      | $1483483.03   | 3.09%             | 2026-06-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP              | International Finance Corp.                                      | CUSIP: U4R843LF7<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              |  | XX        |  8000000000 | PA      | $543010.01    | 1.13%             | 2023-10-09      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                | Rolls-Royce PLC                                                  | CUSIP: G76311AL6<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |      370000 | PA      | $326956.02    | 0.68%             | 2028-05-09      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK       | European Investment Bank                                         | CUSIP: B3821SYM3<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              |  | XX        |    18000000 | PA      | $872149.97    | 1.82%             | 2027-07-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP              | International Finance Corp.                                      | CUSIP: U4R843CL4<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              |  | XX        |    20000000 | PA      | $971402.78    | 2.02%             | 2027-07-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HOUSING &DEVELOPMENT BRD       | Housing & Development Board                                      | CUSIP: Y31714AV3<br>LEI: 254900QGEU61YJ8GAO70 | Long             | DBT              |  | SG        |     1000000 | PA      | $726088.45    | 1.51%             | 2028-01-24      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS            | Petroleos Mexicanos                                              | CUSIP: P78625DC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    21000000 | PA      | $1035502.24   | 2.16%             | 2024-09-12      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND GVT ILB            | New Zealand Government Inflation Linked Bond                     | CUSIP: Q67383GN5<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |     1000000 | PA      | $855122.82    | 1.78%             | 2030-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA       | Export-Import Bank of Korea                                      | CUSIP: Y2R832V77<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              |  | KR        | 20500000000 | PA      | $1387891.03   | 2.89%             | 2024-12-07      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HOUSING &DEVELOPMENT BRD       | Housing & Development Board                                      | CUSIP: Y31714AT8<br>LEI: 254900QGEU61YJ8GAO70 | Long             | DBT              |  | SG        |     1000000 | PA      | $754901.81    | 1.57%             | 2023-07-24      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC             | Vodafone Group PLC                                               | CUSIP: G93882S36<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     1000000 | PA      | $1011132.85   | 2.11%             | 2078-10-03      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU               | Peruvian Government International Bond                           | CUSIP: P78024AE9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     5400000 | PA      | $1277808.53   | 2.66%             | 2029-02-12      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA            | Bank of Nova Scotia                                              | CUSIP: 06415EXV2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     1500000 | PA      | $1086380.58   | 2.26%             | 2024-09-23      | Fixed         | 2.49%                 | No            |                  1 | On Loan: No      |
| DOMINICAN REPUBLIC             | Dominican Republic International Bond                            | CUSIP: P3579ECD7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    37000000 | PA      | $619383.26    | 1.29%             | 2026-06-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT        | Mexican Bonos                                                    | CUSIP: P4R07XSM9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    35000000 | PA      | $1849434.16   | 3.85%             | 2023-03-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC         | BP Capital Markets PLC                                           | CUSIP: G1279ML95<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |     1000000 | PA      | $1015166.34   | 2.11%             | 2169-06-22      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                   | DNB Bank A.S.A.                                                  | CUSIP: R1659TNU9<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |    10000000 | PA      | $1007609.00   | 2.10%             | 2030-05-28      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK         | Asian Development Bank                                           | CUSIP: Y000A9VX7<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              |  | XX        |   100000000 | PA      | $1175463.33   | 2.45%             | 2030-02-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP        | International Bank for Reconstruction & Development              | CUSIP: U4586F5D5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              |  | XX        |    75000000 | PA      | $899279.01    | 1.87%             | 2025-01-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                    | Bell Telephone Co. of Canada or Bell Canada                      | CUSIP: 07813ZCE2<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | DBT              | CORP              | CA        |     1500000 | PA      | $986793.93    | 2.06%             | 2030-05-14      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| KFW                            | Kreditanstalt fuer Wiederaufbau                                  | CUSIP: D4S475B91<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              |  | DE        |    33700000 | PA      | $1576081.91   | 3.28%             | 2025-07-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV        | European Bank for Reconstruction & Development                   | CUSIP: G315BB5R5<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              |  | XX        |    75000000 | PA      | $895101.91    | 1.86%             | 2024-02-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV        | European Bank for Reconstruction & Development                   | CUSIP: G315BB4Y1<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              |  | XX        |    40000000 | PA      | $707160.31    | 1.47%             | 2024-02-05      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AKER ASA                       | Aker A.S.A.                                                      | CUSIP: R0112HAM0<br>LEI: 5967007LIEEXZXJ10071 | Long             | DBT              | CORP              | NO        |     4000000 | PA      | $403241.97    | 0.84%             | 2024-11-22      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| GAMING INNOVATION GRP          | Gaming Innovation Group PLC                                      | CUSIP: 999999999<br>LEI: 213800UCC6GA967UCS06 | Long             | DBT              | CORP              | MT        |     7250000 | PA      | $710607.60    | 1.48%             | 2024-06-11      | Floating      | 10.99%                | Yes           |                  2 | On Loan: No      |
| GLENCORE CAP FIN DAC           | Glencore Capital Finance DAC                                     | CUSIP: G39146AM0<br>LEI: 213800HCUCI1HC7X6Q34 | Long             | DBT              | CORP              | IE        |     1000000 | PA      | $963687.60    | 2.01%             | 2028-09-07      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| OSLO KOMMUNE                   | City of Oslo Norway                                              | CUSIP: R6933ZAJ1<br>LEI: 5967007LIEEXZXGVU850 | Long             | DBT              |  | NO        |    14000000 | PA      | $1381359.70   | 2.88%             | 2024-03-14      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NZ LOCAL GOVT FUND AGENC       | New Zealand Local Government Funding Agency Bond                 | CUSIP: Q6762SAC9<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              |  | NZ        |     2000000 | PA      | $1282753.72   | 2.67%             | 2027-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS          | Bonos de la Tesoreria de la Republica en pesos                   | CUSIP: P9T38EAM0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   375000000 | PA      | $460345.35    | 0.96%             | 2026-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LIME PETROLEUM AS              | Lime Petroleum A.S.                                              | CUSIP: R4S26MAC8<br>LEI: 894500TQ3YLYPWW50Z36 | Long             | DBT              | CORP              | NO        |     7100000 | PA      | $709544.76    | 1.48%             | 2025-07-07      | Floating      | 12.52%                | Yes           |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK        | Inter-American Development Bank                                  | CUSIP: U4582NBR4<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              |  | XX        | 34000000000 | PA      | $2274824.55   | 4.74%             | 2023-03-14      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK         | Asian Development Bank                                           | CUSIP: Y000A9HC9<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              |  | XX        |    75000000 | PA      | $897486.60    | 1.87%             | 2026-10-06      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE LTD       | BHP Billiton Finance Ltd.                                        | CUSIP: Q1489BAE5<br>LEI: 549300KZMIS43NMT0A66 | Long             | DBT              | CORP              | AU        |     1000000 | PA      | $1098064.80   | 2.29%             | 2079-10-22      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| AKER ASA                       | Aker A.S.A.                                                      | CUSIP: R0112HAQ1<br>LEI: 5967007LIEEXZXJ10071 | Long             | DBT              | CORP              | NO        |     5000000 | PA      | $520880.92    | 1.08%             | 2027-09-27      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| CANADIAN DOLLARS  /            | CANADIAN DOLLARS  /                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CA        |       43750 | OU      | $32879.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SWISS FRANC  /                 | SWISS FRANC  /                                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CH        |       12656 | OU      | $13824.41     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHILEAN PESOS  /               | CHILEAN PESOS  /                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CL        |     8100000 | OU      | $10173.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hycroft Mining Holding Corp    | Hycroft Mining Holding Corp.                                     | CUSIP: 44862P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        1197 | NS      | $716.88       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MEXICAN PESO  /                | MEXICAN PESO  /                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | MX        |      120162 | OU      | $6381.22      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORWEGIAN KRONE  /             | NORWEGIAN KRONE  /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | NO        |      347149 | OU      | $34778.88     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW ZEALAND DOLLAR  /          | NEW ZEALAND DOLLAR  /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | NZ        |        9043 | OU      | $5845.35      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDISH KRONA  /               | SWEDISH KRONA  /                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | SE        |      182879 | OU      | $17487.67     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE DOLLAR  /            | SINGAPORE DOLLAR  /                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | SG        |       89901 | OU      | $68428.37     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Treasury Obli | Federated Hermes Treasury Obligations Fund - Class Institutional | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |     2446911 | PA      | $2446910.87   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-23

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

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

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

**Title:** Assistant Vice President