# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-289423
**Filing Date:** 2025-11
**Character Count:** 33734
**Document Hash:** e33b0e86bb5292065a7eb5668461b088
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-289423.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001193125-25-289423

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**PERIOD START**: 20251231

**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:** 251502393

**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 Emerging Markets Fund (Series ID: S000041213)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000127811 | Institutional Class | WCMEX           |
| C000127812 | Investor Class      | WFEMX           |

## Nport-Ex

#### WCM Focused Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 97.4%** |  |
|  | **BRAZIL — 9.4%** |  |
| 1085399 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26953983 |
| 3066453 | Inter & Co., Inc. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28303361 |
| 598518 | NU Holdings, Ltd. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9582273 |
| 1711300 | TOTVS S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14768053 |
| 1964762 | Vivara Participacoes S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10543112 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**90150782** |
|  | **CANADA — 1.0%** |  |
| 37860 | Celestica, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9327947** |
|  | **CHINA — 25.2%** |  |
| 1124200 | Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25569699 |
| 674885 | BYD Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10353893 |
| 2128730 | Chongqing Baiya Sanitary Products Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7891717 |
| 442815 | Contemporary Amperex Technology Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25006902 |
| 4468958 | DiDi Global, Inc. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27796919 |
| 1472600 | Giant Biogene Holding Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10691583 |
| 25364500 | Meitu, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30214458 |
| 398200 | Meituan - Class B\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5347199 |
| 1357244 | Melco Resorts & Entertainment Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12445927 |
| 64770 | PDD Holdings, Inc. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8560651 |
| 257707 | 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;8894575 |
| 755800 | Tencent Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64391596 |
| 2467000 | Wasion Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4019733 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**241184852** |
|  | **GREECE — 2.8%** |  |
| 3118294 | Piraeus Financial Holdings S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26409219** |
|  | **INDIA — 10.0%** |  |
| 10167329 | Federal Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22092683 |
| 1499843 | ICICI Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22770759 |
| 1176838 | KEC International Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11570386 |
| 8541715 | NHPC Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8304210 |
| 692467 | PB Fintech, Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13273958 |
| 603579 | Phoenix Mills Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10574162 |
| 487407 | Reliance Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7487692 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**96073850** |
|  | **INDONESIA — 1.6%** |  |
| 19753575 | Bank Central Asia Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9038164 |
| 23455600 | Bank Mandiri Persero Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6192898 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15231062** |

---

------

#### WCM Focused Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **JAPAN — 1.6%** |  |
| 60000 | Maruwa Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$15701390** |
|  | **KAZAKSTAN — 0.6%** |  |
| 63482 | Kaspi.KZ JSC - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5185210** |
|  | **MEXICO — 4.1%** |  |
| 2008199 | Cemex S.A.B. de C.V. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18053709 |
| 533064 | Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12600726 |
| 952900 | Qualitas Controladora S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8712868 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**39367303** |
|  | **PERU — 2.5%** |  |
| 88684 | Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23614776** |
|  | **RUSSIA — 0.0%** |  |
| 15336645 | Moscow Exchange MICEX-RTS PJSC\*<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;**—** |
|  | **SAUDI ARABIA — 0.9%** |  |
| 199548 | Bupa Arabia for Cooperative Insurance Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8774323** |
|  | **SINGAPORE — 5.7%** |  |
| 305455 | Sea Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**54593972** |
|  | **SOUTH AFRICA — 2.4%** |  |
| 61708 | Capitec Bank Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12413063 |
| 2607331 | OUTsurance Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10824877 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23237940** |
|  | **SOUTH KOREA — 11.4%** |  |
| 70430 | APR Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12549446 |
| 550342 | Coupang, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17721012 |
| 130695 | Coway Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9175338 |
| 55132 | D'Alba Global Co., Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6428563 |
| 134976 | HD Hyundai Marine Solution Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20202387 |
| 62310 | Hyundai Rotem Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9725876 |
| 300601 | Shinhan Financial Group Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15168776 |
| 74090 | SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18350219 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**109321617** |
|  | **TAIWAN — 18.2%** |  |
| 560444 | Bizlink Holding, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18940135 |
| 4648000 | Lite-On Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26306844 |
| 260036 | MediaTek, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11219481 |

---

------

#### WCM Focused Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **TAIWAN (Continued)** |  |
| 2740000 | Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$117320690 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**173787150** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $690,121,300) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**931961393** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **BANK DEPOSIT INVESTMENTS — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26925019 | UMB Bank, Money Market Special II, 3.94%<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26925019 |
|  | **TOTAL BANK DEPOSIT INVESTMENTS** |  |
|  | (Cost $26,925,019) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26925019** |
|  | **TOTAL INVESTMENTS — 100.2%** |  |
|  | (Cost $717,046,319) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**958886412** |
|  | Liabilities in Excess of Other Assets — (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1697826) |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$957188586** |

---

ADR – American Depository Receipt <br> JSC – Joint Stock Company <br> PJSC – Public Joint Stock Company

\* Non-income producing security. <br> <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. <br> <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:** WCM Focused Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000041213

- **c. LEI of Series:** 5493004PSCRWO0N8YL71

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $959626104.41

**Total Liabilities:** $2446813.25

**Net Assets:** $957179291.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000127811 | 1.77%                | 3.42%                | 4.88%                |
| Class ID C000127812 | 1.74%                | 3.35%                | 4.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26414743.75             | $-12014996.50                              |
| Month 2  | $3448652.75              | $25557035.55                               |
| Month 3  | $18529556.93             | $25837721.64                               |

### 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        |     74090 | NS      | $18350219.17  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                      | BYD Co., Ltd. - Class A                                      | CUSIP: 999999999<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    674885 | NS      | $10353893.50  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chongqing Baiya Sanitary Produ  | Chongqing Baiya Sanitary Products Co., Ltd. - Class A        | CUSIP: Y1R85T106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2128730 | NS      | $7891716.61   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Coway Co Ltd                    | Coway Co., Ltd.                                              | CUSIP: Y9694W104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    130695 | NS      | $9175337.66   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd  | Shinhan Financial Group Co., Ltd.                            | CUSIP: 999999999<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |    300601 | NS      | $15168775.74  | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Rotem Co Ltd            | Hyundai Rotem Co., Ltd.                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     62310 | NS      | $9725875.77   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Meitu Inc                       | Meitu, Inc.                                                  | CUSIP: 999999999<br>LEI: 529900P2POH56W116T02 | Long             | EC               | CORP              | CN        |  25364500 | NS      | $30214458.37  | 3.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp         | Lite-On Technology Corp.                                     | CUSIP: 999999999<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |   4648000 | NS      | $26306844.28  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                            | Taiwan Semiconductor Manufacturing Co., Ltd.                 | CUSIP: 999999999<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   2740000 | NS      | $117320690.33 | 12.26%            |  |  |  | No            |                  2 | On Loan: No      |
| Giant Biogene Holding Co ltd    | Giant Biogene Holding Co., Ltd.                              | CUSIP: G3887G109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1472600 | NS      | $10691583.14  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                    | MediaTek, Inc.                                               | CUSIP: 999999999<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    260036 | NS      | $11219480.94  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| APR Corp/Korea                  | APR Corp./Korea                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     70430 | NS      | $12549445.85  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                            | Contemporary Amperex Technology Co., Ltd. - Class A          | CUSIP: 999999999<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    442815 | NS      | $25006901.73  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Mindray Bio-Medical E  | Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - Class A | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    257707 | NS      | $8894575.10   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Wasion Holdings Ltd             | Wasion Holdings Ltd.                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   2467000 | NS      | $4019732.72   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bizlink Holding Inc             | Bizlink Holding, Inc.                                        | CUSIP: 999999999<br>LEI: 213800YAKRFVU5XOX138 | Long             | EC               | CORP              | TW        |    560444 | NS      | $18940134.86  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                         | Meituan - Class B                                            | CUSIP: 999999999<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    398200 | NS      | $5347198.66   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Marine Solution Co   | HD Hyundai Marine Solution Co., Ltd.                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    134976 | NS      | $20202387.66  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| D'Alba Global Co Ltd            | D'Alba Global Co., Ltd.                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     55132 | NS      | $6428562.92   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT        | Bank Central Asia Tbk P.T.                                   | CUSIP: 019452379<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  19753575 | NS      | $9038164.38   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri Persero Tbk PT     | Bank Mandiri Persero Tbk P.T.                                | CUSIP: 999999999<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |  23455600 | NS      | $6192897.69   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Bupa Arabia for Cooperative In  | Bupa Arabia for Cooperative Insurance Co.                    | CUSIP: 999999999<br>LEI: 558600B2WJHD5P31XS68 | Long             | EC               | CORP              | SA        |    199548 | NS      | $8774322.76   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                   | Celestica, Inc.                                              | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     37860 | NS      | $9327946.80   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd       | Capitec Bank Holdings Ltd.                                   | CUSIP: S64408594<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     61708 | NS      | $12413062.65  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                     | Coupang, Inc.                                                | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |    550342 | NS      | $17721012.40  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                 | Cemex S.A.B. de C.V. - ADR                                   | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             |  | CORP              | MX        |   2008199 | NS      | $18053709.01  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DiDi Global Inc                 | DiDi Global, Inc. - ADR                                      | CUSIP: 23292E108<br>LEI: 8368006Y2DHY77ADSY31 | Long             |  | CORP              | CN        |   4468958 | NS      | $27796918.76  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Bank Ltd                | Federal Bank Ltd.                                            | CUSIP: 999999999<br>LEI: 335800J8VWGE2HGWF417 | Long             | EC               | CORP              | IN        |  10167329 | NS      | $22092682.68  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifi  | Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B    | CUSIP: 999999999<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |    533064 | NS      | $12600726.55  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HKD SPOT FORWARD CONTRACT   /   | HKD SPOT FORWARD CONTRACT   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | HK        |   3249549 | OU      | $417572.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                  | ICICI Bank Ltd.                                              | CUSIP: 999999999<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |   1499843 | NS      | $22770758.97  | 2.38%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIAN RUPIES  /                | INDIAN RUPIES  /                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | IN        |    135914 | OU      | $1530.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter & Co Inc                  | Inter & Co., Inc. - Class A                                  | CUSIP: G4R20B107<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   3066453 | NS      | $28303361.19  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC International Ltd           | KEC International Ltd.                                       | CUSIP: 999999999<br>LEI: 335800UCWKGDJBU7ZT31 | Long             | EC               | CORP              | IN        |   1176838 | NS      | $11570386.49  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH KOREAN WON  /             | SOUTH KOREAN WON  /                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | KR        |  21671325 | OU      | $15445.87     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                    | Kaspi.KZ JSC - ADR                                           | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             |  | CORP              | KZ        |     63482 | NS      | $5185209.76   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Melco Resorts & Entertainment   | Melco Resorts & Entertainment Ltd. - ADR                     | CUSIP: 585464100<br>LEI: 529900NRV6LBR3T6B421 | Long             |  | CORP              | HK        |   1357244 | NS      | $12445927.48  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC  | Moscow Exchange MICEX-RTS PJSC                               | CUSIP: 999999999<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |  15336645 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Phoenix Mills Ltd/The           | Phoenix Mills Ltd.                                           | CUSIP: 999999999<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    603579 | NS      | $10574161.77  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PB Fintech Ltd                  | PB Fintech Ltd.                                              | CUSIP: 999999999<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |    692467 | NS      | $13273958.36  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Qualitas Controladora SAB de C  | Qualitas Controladora S.A.B. de C.V.                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    952900 | NS      | $8712867.83   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd         | Reliance Industries Ltd.                                     | CUSIP: 999999999<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    487407 | NS      | $7487691.56   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es  | Cia de Saneamento Basico do Estado de Sao Paulo SABESP       | CUSIP: 999999999<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |   1085399 | NS      | $26953983.40  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                         | Sea Ltd. - ADR                                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | SG        |    305455 | NS      | $54593972.15  | 5.70%             |  |  |  | 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        |  27668838 | PA      | $27668837.84  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                        | TOTVS S.A.                                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1711300 | NS      | $14768053.10  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA   | Piraeus Financial Holdings S.A.                              | CUSIP: 999999999<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |   3118294 | NS      | $26409219.20  | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Vivara Participacoes SA         | Vivara Participacoes S.A.                                    | CUSIP: 999999999<br>LEI: 254900KO2WRLAVSJDR42 | Long             | EC               | CORP              | BR        |   1964762 | NS      | $10543111.57  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruwa Co Ltd/Aichi             | Maruwa Co., Ltd./Aichi                                       | CUSIP: 999999999<br>LEI: 3538009BXGIG8PFXNI29 | Long             | EC               | CORP              | JP        |     60000 | NS      | $15701389.59  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd            | Tencent Holdings Ltd.                                        | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    755800 | NS      | $64391595.99  | 6.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd       | Alibaba Group Holding Ltd.                                   | CUSIP: 999999999<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |   1124200 | NS      | $25569699.31  | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                   | Credicorp Ltd.                                               | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |     88684 | NS      | $23614775.52  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NHPC Ltd                        | NHPC Ltd.                                                    | CUSIP: 999999999<br>LEI: 3358003ZPPTGWT595J46 | Long             | EC               | CORP              | IN        |   8541715 | NS      | $8304209.98   | 0.87%             |  |  |  | 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        |    598518 | NS      | $9582273.18   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Ltd            | OUTsurance Group Ltd.                                        | CUSIP: 999999999<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |   2607331 | NS      | $10824877.40  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc                | PDD Holdings, Inc. - ADR                                     | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             |  | CORP              | CN        |     64770 | NS      | $8560650.90   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-10

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President