# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-222013
**Filing Date:** 2025-9
**Character Count:** 17720
**Document Hash:** 5d96b007ba77a7c8bff61bffe3e54a89
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-222013.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0001193125-25-222013

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**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:** 251353140

**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

### Vaughan Nelson Emerging Markets Fund (Series ID: S000026080)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000078165 | Institutional Class | ADVMX           |
| C000216360 | Investor Class      | ADVKX           |

## Nport-Ex

#### Vaughan Nelson Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS

#### As of July 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 97.3%** |  |
|  | **BRAZIL — 6.9%** |  |
| &nbsp;&nbsp;&nbsp;688002 | B3 S.A. - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1545658 |
| &nbsp;&nbsp;&nbsp;141970 | NU Holdings Ltd. - Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734873 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3280531** |
|  | **INDIA — 9.5%** |  |
| &nbsp;&nbsp;&nbsp;150585 | 360 ONE WAM Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1802405 |
| &nbsp;&nbsp;&nbsp;&nbsp;29000 | Godrej Properties Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691472 |
| &nbsp;&nbsp;&nbsp;256670 | Hindalco Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987041 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4480918** |
|  | **MALAYSIA — 3.6%** |  |
| 1099610 | IHH Healthcare Bhd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1714515** |
|  | **MEXICO — 14.8%** |  |
| 2604606 | Cemex S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2273939 |
| &nbsp;&nbsp;&nbsp;210319 | Grupo Financiero Banorte S.A.B. de C.V. - Class O | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1874309 |
| &nbsp;&nbsp;&nbsp;451425 | Grupo Mexico S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2825803 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6974051** |
|  | **POLAND — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;83631 | Powszechna Kasa Oszczednosci Bank Polski S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1831201** |
|  | **SAUDI ARABIA — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;209887 | Saudi National Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2094483** |
|  | **SOUTH KOREA — 12.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;30810 | Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1897299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6260 | HD Hyundai Electric Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2227697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9020 | SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1748220 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5873216** |
|  | **SPAIN — 4.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;23325 | Amadeus IT Group S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1872790** |
|  | **TAIWAN — 25.2%** |  |
| &nbsp;&nbsp;&nbsp;137260 | Nien Made Enterprise Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1959347 |
| &nbsp;&nbsp;&nbsp;204880 | Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7887734 |
| &nbsp;&nbsp;&nbsp;116569 | Yageo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2048309 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11895390** |
|  | **UNITED KINGDOM — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;138405 | Wise PLC - Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1855271** |
|  | **UNITED STATES — 4.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3040 | Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2162170** |

---

------

#### Vaughan Nelson Emerging Markets Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of July 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **URUGUAY — 4.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807 | MercadoLibre, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1915729** |
|  | **Total Common Stocks** |  |
|  | (Cost $42,130,333) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**45950265** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 4.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1969810 | UMB Bank, Institutional Banking Money Market Deposit II Investment, 3.80%<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1969810 |
|  | **Total Short-Term Investments** |  |
|  | (Cost $1,969,810) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1969810** |
|  | **TOTAL INVESTMENTS — 101.5%** |  |
|  | (Cost $44,100,143) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47920075** |
|  | Liabilities in Excess of Other Assets — (1.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(685558) |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$47234517** |

---

PLC – Public Limited Company

\*Non-income producing security. <br> <sup>1</sup>The rate is the annualized seven-day yield at period end.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Vaughan Nelson Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000026080

- **c. LEI of Series:** 549300I0EJFPMHYZO730

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $52219461.60

**Total Liabilities:** $4985454.38

**Net Assets:** $47234007.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000078165 | 4.93%                | 7.40%                | -2.51%               |
| Class ID C000216360 | 5.05%                | 7.34%                | -2.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $743646.71               | $1332823.38                                |
| Month 2  | $1406646.01              | $1904642.70                                |
| Month 3  | $111520.32               | $-1409644.34                               |

### 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: Y8085F100<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      9020 | NS      | $1748220.03   | 3.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc       | Hana Financial Group, Inc.                        | CUSIP: Y29975102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     30810 | NS      | $1897298.82   | 4.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp                     | Yageo Corp.                                       | CUSIP: Y9723R100<br>LEI: 5493001P0TOZH7GGNQ21 | Long             | EC               | CORP              | TW        |    116569 | NS      | $2048308.80   | 4.34%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co., Ltd.      | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    204880 | NS      | $7887734.14   | 16.70%            |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co Ltd     | HD Hyundai Electric Co., Ltd.                     | CUSIP: Y3R1DD103<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      6260 | NS      | $2227696.70   | 4.72%             |  |  |  | No            |                  2 | On Loan: No      |
| 360 ONE WAM Ltd                | 360 ONE WAM Ltd.                                  | CUSIP: Y8R01R106<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |    150585 | NS      | $1802405.61   | 3.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co Ltd    | Nien Made Enterprise Co., Ltd.                    | CUSIP: Y6349P112<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    137260 | NS      | $1959347.12   | 4.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA            | Amadeus IT Group S.A.                             | CUSIP: E04648114<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     23325 | NS      | $1872790.15   | 3.96%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao    | B3 S.A. - Brasil Bolsa Balcao                     | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    688002 | NS      | $1545657.75   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV         | Grupo Mexico S.A.B. de C.V.                       | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    451425 | NS      | $2825803.25   | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Godrej Properties Ltd          | Godrej Properties Ltd.                            | CUSIP: Y2735G139<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |     29000 | NS      | $691471.77    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd        | Hindalco Industries Ltd.                          | CUSIP: Y3196V185<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |    256670 | NS      | $1987040.95   | 4.21%             |  |  |  | No            |                  2 | On Loan: No      |
| IHH Healthcare Bhd             | IHH Healthcare Bhd                                | CUSIP: Y374AH103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   1099610 | NS      | $1714515.01   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                | Cemex S.A.B. de C.V.                              | CUSIP: P2253T133<br>LEI: 549300RIG2CXWN6IV731 | Long             |  | CORP              | MX        |   2604606 | NS      | $2273939.08   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB d | Grupo Financiero Banorte S.A.B. de C.V. - Class O | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    210319 | NS      | $1874308.52   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB IB MONEY MARKET II   /     | UMB IB MONEY MARKET II   /                        | CUSIP: SF8888627<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1970291 | PA      | $1970291.07   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre, Inc.                                | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       807 | NS      | $1915729.23   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems, Inc.                    | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      3040 | NS      | $2162169.60   | 4.58%             |  |  |  | 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        |    141970 | NS      | $1734873.40   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci B | Powszechna Kasa Oszczednosci Bank Polski S.A.     | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |     83631 | NS      | $1831201.12   | 3.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The        | Saudi National Bank                               | CUSIP: M7S2CL107<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    209887 | NS      | $2094483.25   | 4.43%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWANESE DOLLAR  /            | TAIWANESE DOLLAR  /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | TW        |   2923629 | OU      | $97952.22     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise PLC                       | Wise PLC - Class A                                | CUSIP: G97229101<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    138405 | NS      | $1855270.40   | 3.93%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-06

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President