# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-012707
**Filing Date:** 2023-2
**Character Count:** 52870
**Document Hash:** d563d04b79f29c57fe63e13af063bcab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-012707.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-012707

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**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:** 23680485

**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

### SilverPepper Commodity Strategies Global Macro Fund (Series ID: S000041405)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000128406 | Advisor Class       | SPCAX           |
| C000128407 | Institutional Class | SPCIX           |

## 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:** SilverPepper Commodity Strategies Global Macro Fund

- **b. EDGAR series identifier (if any):** S000041405

- **c. LEI of Series:** 549300L0SCJ3RX9YNM35

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $157435108.20

**Total Liabilities:** $494956.71

**Net Assets:** $156940151.49

**Amount of Assets Invested in Other Investment Companies:** $31205925.93

**Cash Not Reported:** $29078213.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1444.190896200000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128406 | -2.38%               | 4.29%                | -5.23%               |
| Class ID C000128407 | -2.36%               | 4.38%                | -5.41%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8791.18                 | $-83489.79                                 |
| Month 2  | $-11191.47               | $223776.73                                 |
| Month 3  | $-5333.36                | $130732.92                                 |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Total Return

- **Index Identifier:** BCOMTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOYBEAN OIL OPTN  Feb23P 58.5       | SOYBEAN OIL OPTN  Feb23P 58.5       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $11250.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN OIL OPTN  Feb23P 60         | SOYBEAN OIL OPTN  Feb23P 60         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $37500.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN OIL OPTN  Feb23P 63         | SOYBEAN OIL OPTN  Feb23P 63         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $46800.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN OIL FUTURE MAR 2023   /     | SOYBEAN OIL FUTURE MAR 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       165 | NC      | $-3674.55     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE MAR 23   /              | CORN FUTURE MAR 23   /              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       329 | NC      | $273217.57    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE DEC 23   /              | CORN FUTURE DEC 23   /              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $110529.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE DEC 24   /              | CORN FUTURE DEC 24   /              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $119816.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COCOA FUTR OPTION Feb23P 2400       | COCOA FUTR OPTION Feb23P 2400       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       160 | NC      | $3200.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COCOA FUTR OPTION Feb23P 2450       | COCOA FUTR OPTION Feb23P 2450       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       200 | NC      | $6000.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COCOA FUTURE MAR 23   /             | COCOA FUTURE MAR 23   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       215 | NC      | $226621.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| COCOA FUTURE MAY 23   /             | COCOA FUTURE MAY 23   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        30 | NC      | $17868.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE OPTN  Feb23P 650        | CORN FUTURE OPTN  Feb23P 650        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       450 | NC      | $84375.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE OPTN  Feb23P 675        | CORN FUTURE OPTN  Feb23P 675        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        51 | NC      | $29643.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE FUTURE FEB 2023   /       | WTI CRUDE FUTURE FEB 2023   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       205 | NC      | $1146694.55   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CRUDE OIL FUT OPT Feb23P 73.5       | CRUDE OIL FUT OPT Feb23P 73.5       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $71000.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CRUDE OIL FUT OPT Feb23P 74.5       | CRUDE OIL FUT OPT Feb23P 74.5       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |      -100 | NC      | $-90000.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| CRUDE OIL FUT OPT Feb23P 75.5       | CRUDE OIL FUT OPT Feb23P 75.5       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $112000.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CRUDE OIL FUT OPT Feb23P 78         | CRUDE OIL FUT OPT Feb23P 78         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $188000.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE FUTURE MAR 2023   /       | WTI CRUDE FUTURE MAR 2023   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |      -125 | NC      | $-385270.00   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE FUTURE APR 2023   /       | WTI CRUDE FUTURE APR 2023   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -75 | NC      | $-219694.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE FUTURE MAY  2023   /      | WTI CRUDE FUTURE MAY  2023   /      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -75 | NC      | $-207064.00   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| BRENT CRUDE FUTURE MAR 2023   /     | BRENT CRUDE FUTURE MAR 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       302 | NC      | $899399.16    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| COTTON FUTURE MAR 2023   /          | COTTON FUTURE MAR 2023   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        90 | NC      | $-55855.80    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| COTTON OPTION     Mar23P 76         | COTTON OPTION     Mar23P 76         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $36500.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COTTON OPTION     Mar23P 78         | COTTON OPTION     Mar23P 78         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $50250.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBUSTA COFFEE FUTUR MAR 2023   /   | ROBUSTA COFFEE FUTUR MAR 2023   /   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       145 | NC      | $-246980.00   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /              | GREAT BRITAIN POUND  /              | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        |     -3695 | OU      | $-4466.88     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLD 100 OZ FUTR FEB 2023   /       | GOLD 100 OZ FUTR FEB 2023   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       130 | NC      | $414402.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD 100 Week Opt Jan23P 1790       | GOLD 100 Week Opt Jan23P 1790       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $13000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FRIDAY WKLY  Dec22C 1820       | GOLD FRIDAY WKLY  Dec22C 1820       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        20 | NC      | $12400.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FRIDAY WKLY  Dec22C 1830       | GOLD FRIDAY WKLY  Dec22C 1830       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FRIDAY WKLY  Dec22P 1790       | GOLD FRIDAY WKLY  Dec22P 1790       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FRIDAY WKLY  Dec22P 1795       | GOLD FRIDAY WKLY  Dec22P 1795       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FRIDAY WKLY  Dec22P 1805       | GOLD FRIDAY WKLY  Dec22P 1805       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HG COPPER FUT OPT Feb23P 354        | HG COPPER FUT OPT Feb23P 354        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        30 | NC      | $21750.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HG COPPER FUT OPT Feb23P 370        | HG COPPER FUT OPT Feb23P 370        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        35 | NC      | $60375.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HG COPPER FUT OPT Feb23P 375        | HG COPPER FUT OPT Feb23P 375        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        30 | NC      | $66000.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HG COPPER FUT OPT Feb23P 386        | HG COPPER FUT OPT Feb23P 386        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $178125.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COPPER FUTURE MARCH 2023   /        | COPPER FUTURE MARCH 2023   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        83 | NC      | $413066.39    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COPPER FUTURE JULY 23   /           | COPPER FUTURE JULY 23   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        20 | NC      | $237911.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NY HARBOR ULSD FEB 2023   /         | NY HARBOR ULSD FEB 2023   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        25 | NC      | $37583.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NY Harb ULSD Opt  Feb23P 270        | NY Harb ULSD Opt  Feb23P 270        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        10 | NC      | $6384.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NY Harb ULSD Opt  Feb23P 310        | NY Harb ULSD Opt  Feb23P 310        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $19488.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NY Harb ULSD Opt  Feb23P 315        | NY Harb ULSD Opt  Feb23P 315        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $23562.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NY HARBOR ULSD MAR 2023   /         | NY HARBOR ULSD MAR 2023   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $-1968.60     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NY HARB ULSD FUT OCT 2023   /       | NY HARB ULSD FUT OCT 2023   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $17393.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FCOJ-A FUTURE MAR 23   /            | FCOJ-A FUTURE MAR 23   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         4 | NC      | $-434.88      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 162.5      | COFFEE 'C' FUT OP Feb23C 162.5      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $131437.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 172.5      | COFFEE 'C' FUT OP Feb23C 172.5      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -50 | NC      | $-45375.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 177.5      | COFFEE 'C' FUT OP Feb23C 177.5      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $49500.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 192.5      | COFFEE 'C' FUT OP Feb23C 192.5      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $3750.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 220        | COFFEE 'C' FUT OP Feb23C 220        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $187.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 180        | COFFEE 'C' FUT OP Feb23C 180        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        75 | NC      | $27281.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 185        | COFFEE 'C' FUT OP Feb23C 185        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $9750.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23C 187.5      | COFFEE 'C' FUT OP Feb23C 187.5      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        80 | NC      | $11400.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23P 145        | COFFEE 'C' FUT OP Feb23P 145        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $2625.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23P 150        | COFFEE 'C' FUT OP Feb23P 150        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        80 | NC      | $5700.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Feb23P 152.5      | COFFEE 'C' FUT OP Feb23P 152.5      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $12000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUTURE MAR 23   /        | COFFEE 'C' FUTURE MAR 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        49 | NC      | $73275.32     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Mar23C 300        | COFFEE 'C' FUT OP Mar23C 300        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $187.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Mar23C 240        | COFFEE 'C' FUT OP Mar23C 240        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        80 | NC      | $3000.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Emini 1st Wee Jan23P 3800       | S&P Emini 1st Wee Jan23P 3800       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |        50 | NC      | $47500.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Emini 1st Wee Jan23P 3835       | S&P Emini 1st Wee Jan23P 3835       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |        50 | NC      | $76875.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Emini 1st Wee Jan23P 3795       | S&P Emini 1st Wee Jan23P 3795       | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |       -50 | NC      | $-43750.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill         | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 123000000 | PA      | $122389059.00 | 77.98%            | 2023-02-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AUD FORWARD CONTRACT 02/13/2023   / | AUD FORWARD CONTRACT 02/13/2023   / | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | AU        |   2000000 | OU      | $1364177.38   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| AUSTRALIAN DOLLAR  /                | AUSTRALIAN DOLLAR  /                | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | AU        |      -178 | OU      | $-120.88      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CNH SPOT FORWARD  01/17/2023   /    | CNH SPOT FORWARD  01/17/2023   /    | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CN        |   7040900 | OU      | $1018883.11   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| BCOM COMDTY IN MAR 23   /           | BCOM COMDTY IN MAR 23   /           | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |       -50 | NC      | $12719.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR/USD FUTURE MAR 2023   /         | EUR/USD FUTURE MAR 2023   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        50 | NC      | $25714.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO CURRENCY  /                    | EURO CURRENCY  /                    | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | XX        |      -185 | OU      | $-197.74      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /              | GREAT BRITAIN POUND  /              | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        |       -52 | OU      | $-63.39       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG DOLLAR  /                 | HONG KONG DOLLAR  /                 | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | HK        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPY FORWARD CONTRACT 01/17/2023   / | JPY FORWARD CONTRACT 01/17/2023   / | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | JP        | 219928000 | OU      | $1679972.33   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPANESE YEN  /                     | JAPANESE YEN  /                     | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | JP        |       -16 | OU      | $-0.12        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPN YEN CURR FUT MAR 23   /         | JPN YEN CURR FUT MAR 23   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        10 | NC      | $26917.80     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COFFEE 'C' FUT OP Mar23C 250        | COFFEE 'C' FUT OP Mar23C 250        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $2250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUT OP Mar23C 290        | COFFEE 'C' FUT OP Mar23C 290        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $187.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUTURE MAR 24   /        | COFFEE 'C' FUTURE MAR 24   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        25 | NC      | $-274314.25   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUTURE MAY 23   /        | COFFEE 'C' FUTURE MAY 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        25 | NC      | $-331501.75   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUTURE MAY 25   /        | COFFEE 'C' FUTURE MAY 25   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        21 | NC      | $-239798.32   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUTURE SEP 23   /        | COFFEE 'C' FUTURE SEP 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        25 | NC      | $-414076.75   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUTURE DEC 2023   /      | COFFEE 'C' FUTURE DEC 2023   /      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        25 | NC      | $-285433.00   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| KC WHEAT FUT OPT  Feb23P 810        | KC WHEAT FUT OPT  Feb23P 810        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $8437.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KC WHEAT FUT OPT  Feb23P 830        | KC WHEAT FUT OPT  Feb23P 830        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $15937.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KC WHEAT FUT OPT  Feb23P 845        | KC WHEAT FUT OPT  Feb23P 845        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $25000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KC HRW WHEAT FUT MAR 2023   /       | KC HRW WHEAT FUT MAR 2023   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       225 | NC      | $69549.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KC HRW WHEAT FUT JULY 2023   /      | KC HRW WHEAT FUT JULY 2023   /      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |      -150 | NC      | $456012.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LME PRI ALUM FUT JAN 23   /         | LME PRI ALUM FUT JAN 23   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       103 | NC      | $54357.22     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LME PRI ALUM FUT JAN 23   /         | LME PRI ALUM FUT JAN 23   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -25 | NC      | $87116.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMARY ALUMNM OP Jan23P 2400       | PRIMARY ALUMNM OP Jan23P 2400       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        80 | NC      | $114680.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE CATTLE OPTN  Jan23C 155        | LIVE CATTLE OPTN  Jan23C 155        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        40 | NC      | $48400.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE CATTLE OPTN  Jan23C 158        | LIVE CATTLE OPTN  Jan23C 158        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $14500.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE CATTLE OPTN  Jan23P 153        | LIVE CATTLE OPTN  Jan23P 153        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        75 | NC      | $1500.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE CATTLE OPTN  Jan23P 157        | LIVE CATTLE OPTN  Jan23P 157        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        80 | NC      | $14400.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE CATTLE FUTR FEB 23   /         | LIVE CATTLE FUTR FEB 23   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       240 | NC      | $202082.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE CATTLE FUTURES APR 2023   /    | LIVE CATTLE FUTURES APR 2023   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |      -175 | NC      | $-583288.75   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| LEAN HOG FUTURE FEB 2023   /        | LEAN HOG FUTURE FEB 2023   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        85 | NC      | $127369.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LME NICKEL FUTURE JAN 23   /        | LME NICKEL FUTURE JAN 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        64 | NC      | $2703026.36   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| LME NICKEL FUTURE JAN 23   /        | LME NICKEL FUTURE JAN 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -30 | NC      | $-258989.40   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| NICKEL LME FUT OP Jan23P 28000      | NICKEL LME FUT OP Jan23P 28000      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        15 | NC      | $14146.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUTURE JAN 23   /          | LME ZINC FUTURE JAN 23   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        55 | NC      | $126293.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUTURE MAR 23   /          | LME ZINC FUTURE MAR 23   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        10 | NC      | $-61787.60    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE Week OptDec22C 75.5       | WTI CRUDE Week OptDec22C 75.5       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $476000.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE Week OptDec22P 72.25      | WTI CRUDE Week OptDec22P 72.25      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WTI CRUDE Week OptDec22P 78         | WTI CRUDE Week OptDec22P 78         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       150 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   /      | UMB MONEY MARKET FIDUCIARY   /      | CUSIP: SF8888528<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     62075 | PA      | $62075.06     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   /      | UMB MONEY MARKET FIDUCIARY   /      | CUSIP: SF8888528<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     45031 | PA      | $45030.76     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RED WHEAT FUT MGE MAR 23   /        | RED WHEAT FUT MGE MAR 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         3 | NC      | $-1057.26     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE JAN 2024   /     | NATURAL GAS FUTURE JAN 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $112383.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE FEB 2023   /     | NATURAL GAS FUTURE FEB 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        25 | NC      | $-1131708.00  | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE FEB 2024   /     | NATURAL GAS FUTURE FEB 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $103833.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS OPTN  Feb23C 5.8        | NATURAL GAS OPTN  Feb23C 5.8        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $105000.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS OPTN  Feb23C 6.3        | NATURAL GAS OPTN  Feb23C 6.3        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -25 | NC      | $-17000.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE MAR 2023   /     | NATURAL GAS FUTURE MAR 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $-2037482.25  | -1.30%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE MAR 2024   /     | NATURAL GAS FUTURE MAR 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $76633.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE APR 2023   /     | NATURAL GAS FUTURE APR 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $69933.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE APR 2024   /     | NATURAL GAS FUTURE APR 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        20 | NC      | $54737.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE MAY 2023   /     | NATURAL GAS FUTURE MAY 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        35 | NC      | $-227149.70   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE MAY 2024   /     | NATURAL GAS FUTURE MAY 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        65 | NC      | $-196373.30   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE JUN 2023   /     | NATURAL GAS FUTURE JUN 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        85 | NC      | $-650755.70   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE JUN 2024   /     | NATURAL GAS FUTURE JUN 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        15 | NC      | $-34847.30    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE JULY 2023   /    | NATURAL GAS FUTURE JULY 2023   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       175 | NC      | $-137976.46   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE JULY 2024   /    | NATURAL GAS FUTURE JULY 2024   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $55933.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE AUG 2023   /     | NATURAL GAS FUTURE AUG 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        55 | NC      | $-412402.10   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE AUG 2024   /     | NATURAL GAS FUTURE AUG 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $57233.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE SEP 2023   /     | NATURAL GAS FUTURE SEP 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $79583.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE SEP 2024   /     | NATURAL GAS FUTURE SEP 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $55183.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE OCT 2023   /     | NATURAL GAS FUTURE OCT 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        60 | NC      | $365992.30    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE OCT 2024   /     | NATURAL GAS FUTURE OCT 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $59483.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE NOV 2023   /     | NATURAL GAS FUTURE NOV 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $98283.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE NOV 2024   /     | NATURAL GAS FUTURE NOV 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $75733.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE DEC 2023   /     | NATURAL GAS FUTURE DEC 2023   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $117933.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE DEC 2024   /     | NATURAL GAS FUTURE DEC 2024   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |         5 | NC      | $100533.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NORWEGIAN KRONE  /                  | NORWEGIAN KRONE  /                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | NO        |       -88 | OU      | $-9.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW ZEALAND $ FUT MAR 23   /        | NEW ZEALAND $ FUT MAR 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        30 | NC      | $-47046.60    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW ZEALAND DOLLAR  /               | NEW ZEALAND DOLLAR  /               | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | NZ        |       -26 | OU      | $-16.22       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LOW SU GASOIL G FUT JAN 23   /      | LOW SU GASOIL G FUT JAN 23   /      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        60 | NC      | $-191545.20   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN FUTURE MAR 2023   /         | SOYBEAN FUTURE MAR 2023   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       158 | NC      | $309653.14    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR (WRLD) OPTN Feb23P 18.75      | SUGAR (WRLD) OPTN Feb23P 18.75      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $5600.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR (WRLD) OPTN Feb23P 19         | SUGAR (WRLD) OPTN Feb23P 19         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $8960.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR (WRLD) OPTN Feb23P 19.25      | SUGAR (WRLD) OPTN Feb23P 19.25      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $13440.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR (WRLD) OPTN Feb17P 20         | SUGAR (WRLD) OPTN Feb17P 20         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $30240.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR #11  FUTURE MAR 2023   /      | SUGAR #11  FUTURE MAR 2023   /      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       360 | NC      | $616494.80    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P500 EMINI OPTN Dec22C 3840       | S&P500 EMINI OPTN Dec22C 3840       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |        30 | NC      | $31605.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P500 EMINI OPTN Dec22P 3810       | S&P500 EMINI OPTN Dec22P 3810       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |        25 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P500 EMINI OPTN Dec22P 3820       | S&P500 EMINI OPTN Dec22P 3820       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |        30 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P500 EMINI OPTN Dec22P 3860       | S&P500 EMINI OPTN Dec22P 3860       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |        30 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P500 EMINI OPTN Dec22P 3870       | S&P500 EMINI OPTN Dec22P 3870       | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |       -30 | NC      | $-13395.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| S&P500 EMINI OPTN Dec22P 3900       | S&P500 EMINI OPTN Dec22P 3900       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |        30 | NC      | $58395.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN FUT OPTN  Feb23P 1440       | SOYBEAN FUT OPTN  Feb23P 1440       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       150 | NC      | $45937.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN FUT OPTN  Feb23P 1490       | SOYBEAN FUT OPTN  Feb23P 1490       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $86250.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVER FUTURE MAR 2023   /          | SILVER FUTURE MAR 2023   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        73 | NC      | $1045818.59   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN MEAL FUTR MAR 23   /        | SOYBEAN MEAL FUTR MAR 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        85 | NC      | $161273.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Euro Curr 9am     Jan23P 1.03       | Euro Curr 9am     Jan23P 1.03       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        50 | NC      | $312.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Euro Curr 9am     Jan23P 1.0575     | Euro Curr 9am     Jan23P 1.0575     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |       100 | NC      | $7500.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WHEAT FUTURE(CBT) MAR 23   /        | WHEAT FUTURE(CBT) MAR 23   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $-9283.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| WHEAT FUTURE OPTN Feb23P 700        | WHEAT FUTURE OPTN Feb23P 700        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |       100 | NC      | $9375.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GASOLINE RBOB FUT MAR 2023   /      | GASOLINE RBOB FUT MAR 2023   /      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCO              |  | US        |        40 | NC      | $286378.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

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

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

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

**Title:** Assistant Vice President