# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-287993
**Filing Date:** 2025-11
**Character Count:** 28879
**Document Hash:** 927450f5164555c4147d1c2c9edf7b00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-287993.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0001193125-25-287993

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**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:** 251498897

**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

### Robinson Opportunistic Income Fund (Series ID: S000052274)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000164392 | Class A Shares             | RBNAX           |
| C000164393 | Class C Shares             | RBNCX           |
| C000164394 | Institutional Class Shares | RBNNX           |

## Nport-Ex

**Robinson Tax Advantaged Income Fund**

**SCHEDULE OF INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **CLOSED-END FUNDS — 54.1%** |  |
| 113545 | BlackRock Investment Quality Municipal Trust, Inc. | $1287600 |
| 182634 | BlackRock MuniAssets Fund, Inc. | 2027237 |
| 310598 | BlackRock Municipal Income Quality Trust | 3401048 |
| 1117178 | BlackRock Municipal Income Trust | 11227639 |
| 718796 | BlackRock Municipal Income Trust II | 7511418 |
| 254034 | BlackRock MuniHoldings California Quality Fund, Inc. | 2756269 |
| 103765 | BlackRock MuniHoldings Fund, Inc. | 1219239 |
| 427670 | BlackRock MuniHoldings New Jersey Quality Fund, Inc. | 4956695 |
| 13264 | BlackRock MuniHoldings Quality Fund II, Inc. | 133436 |
| 380756 | BlackRock MuniVest Fund II, Inc. | 4047436 |
| 300537 | BlackRock MuniVest Fund, Inc. | 2061684 |
| 25485 | BlackRock MuniYield Fund, Inc. | 269122 |
| 549411 | BlackRock MuniYield Michigan Quality Fund, Inc. | 6197356 |
| 45013 | BlackRock MuniYield New York Quality Fund, Inc. | 446979 |
| 322046 | BlackRock MuniYield Quality Fund II, Inc. | 3230121 |
| 316793 | BlackRock MuniYield Quality Fund III, Inc. | 3510067 |
| 4400 | Eaton Vance Municipal Bond Fund | 43736 |
| 471934 | Invesco Advantage Municipal Income Trust II | 4138861 |
| 1108140 | Invesco Municipal Opportunity Trust | 10715714 |
| 632280 | Invesco Municipal Trust | 6101502 |
| 288378 | Invesco Pennsylvania Value Municipal Income Trust | 2978945 |
| 493877 | Invesco Quality Municipal Income Trust | 4864689 |
| 1166946 | Invesco Trust for Investment Grade Municipals | 11809494 |
| 267977 | Invesco Value Municipal Income Trust | 3363111 |
| 101488 | MFS Municipal Income Trust | 547020 |
| 87533 | Neuberger Berman Municipal Fund, Inc. | 903341 |
| 85384 | Nuveen Municipal Value Fund, Inc. | 766748 |
| 377239 | Nuveen New Jersey Quality Municipal Income Fund | 4681536 |
| 103541 | Nuveen New York AMT-Free Quality Municipal Income Fund | 1056118 |
| 57274 | Nuveen Pennsylvania Quality Municipal Income Fund | 687288 |
| 162673 | Nuveen Quality Municipal Income Fund | 1901647 |
| 160455 | Putnam Municipal Opportunities Trust | 1657500 |
| 169377 | RiverNorth Flexible Municipal Income Fund II, Inc. | 2210370 |
| 82194 | RiverNorth Flexible Municipal Income Fund, Inc. | 1188525 |
| 84981 | RiverNorth Managed Duration Municipal Income Fund II, Inc. - Class USD INC | 1274715 |
| 144312 | RiverNorth Managed Duration Municipal Income Fund, Inc. | 2040572 |
| 64881 | RiverNorth Opportunistic Municipal Income Fund, Inc. | 948560 |
| 194504 | Western Asset Intermediate Muni Fund, Inc. | 1538527 |
| 408162 | Western Asset Managed Municipals Fund, Inc. | 4220395 |
|  | **TOTAL CLOSED-END FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $117,071,993) | **123922260** |
|  | **EXCHANGE-TRADED FUNDS — 21.1%** |  |
| 550000 | Invesco National AMT-Free Municipal Bond ETF | 12699500 |

---

**Robinson Tax Advantaged Income Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **EXCHANGE-TRADED FUNDS (Continued)** |  |
| 109400 | iShares National Muni Bond ETF | $11650006 |
| 135464 | SPDR Nuveen ICE Municipal Bond ETF | 6173094 |
| 123142 | VanEck High Yield Muni ETF | 6267928 |
| 230000 | Vanguard Tax-Exempt Bond Index ETF | 11516100 |
|  | **TOTAL EXCHANGE-TRADED FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $47,198,756) | **48306628** |
|  | **MUTUAL FUNDS — 19.0%** |  |
| 1269300 | MFS Municipal Income Fund - Class I | 10319411 |
| 1075349 | Nuveen All-American Municipal Bond Fund - Class I | 10710477 |
| 1143912 | PIMCO Municipal Bond Fund - Class Institutional | 10729899 |
| 1094932 | Vanguard High-Yield Tax-Exempt Fund, Admiral Shares | 11573428 |
|  | **TOTAL MUTUAL FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $42,299,000) | **43333215** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 3.1%** |  |
| $7144371 | UMB Bank, Institutional Banking Money Market II Deposit Investment, 3.55%<sup>1</sup> | 7144371 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $7,144,371) | **7144371** |
|  | **TOTAL INVESTMENTS — 97.3%** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $213,714,120) | **222706474** |
|  | Other Assets in Excess of Liabilities — 2.7% | 6253223 |
|  | **TOTAL NET ASSETS — 100.0%** | $**228959697** |

---

ETF – Exchange-Traded Fund

<sup>1</sup> The rate is the annualized seven-day yield at period end.

**Robinson Tax Advantaged Income Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number of**<br>**Contracts**<br>**Long (Short)** | <br>**Description** | <br>**Expiration**<br>**Date** |<br>**Notional**<br>**Value** | **Value/Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| (300) | U.S. 10 Year Treasury Note | December 2025 | $(33750000) | $281250 |
| (300) | U.S. Treasury Long Bond | December 2025 | (34978125) | 375000 |
| (200) | Ultra Long Term U.S. Treasury Bond | December 2025 | (24012500) | 312500 |
| **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  | $**(92740625)** | $**968750** |

---

**Robinson Opportunistic Income Fund**

**SCHEDULE OF INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **CLOSED-END FUNDS — 86.2%** |  |
| 54802 | Allspring Utilities and High Income Fund | $678449 |
| 39259 | BlackRock Multi-Sector Income Trust | 525678 |
| 45102 | Brookfield Real Assets Income Fund, Inc. | 602563 |
| 233 | ClearBridge Energy Midstream Opportunity Fund, Inc. | 10466 |
| 33299 | DoubleLine Yield Opportunities Fund | 502149 |
| 1982 | Eaton Vance Tax-Managed Buy-Write Income Fund | 29730 |
| 54708 | Flaherty & Crumrine Preferred & Income Fund, Inc. | 657590 |
| 147227 | Invesco Senior Income Trust | 509405 |
| 30108 | John Hancock Diversified Income Fund | 320650 |
| 10000 | John Hancock Premium Dividend Fund | 133400 |
| 51789 | KKR Income Opportunities Fund | 652541 |
| 60000 | Nuveen Floating Rate Income Fund | 490800 |
| 45758 | Principal Real Estate Income Fund | 478629 |
| 31161 | Virtus Convertible & Income Fund | 467415 |
| 35312 | Virtus Convertible & Income Fund II | 483068 |
| 24764 | Western Asset Emerging Markets Debt Fund, Inc. | 255565 |
| 95410 | Western Asset Global High Income Fund, Inc. | 629706 |
| 146800 | Western Asset High Income Fund II, Inc. | 638580 |
| 30961 | Western Asset Inflation-Linked Income Fund | 260692 |
| 68500 | Western Asset Inflation-Linked Opportunities & Income Fund | 608965 |
| 53392 | Western Asset Mortgage Opportunity Fund, Inc. | 625754 |
|  | **TOTAL CLOSED-END FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $8,831,888) | **9561795** |
|  | **COMMON STOCKS — 1.0%** |  |
|  | **SPECIFIED PURPOSE ACQUISITION COMPANIES – 1.0%** |  |
| 10000 | GP-Act III Acquisition Corp. - Class A\*<sup>,1</sup> | 106000 |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $101,704) | **106000** |
|  | **EXCHANGE-TRADED FUNDS — 5.8%** |  |
| 29250 | iShares Mortgage Real Estate ETF | 642623 |
|  | **TOTAL EXCHANGE-TRADED FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $646,852) | **642623** |
|  | **RIGHTS — 0.0%** |  |
| 5000 | Bowen Acquisition Corp., Expiration Date: November 26, 2026\*<sup>,1,2</sup> |  |
|  | **TOTAL RIGHTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $0) | **0** |
|  | **UNIT TRUST FUNDS — 2.8%** |  |
| 10000 | Drugs Made In America Acquisition Corp.\*<sup>,1</sup> | 104500 |
| 10000 | Drugs Made In America Acquisition II Corp.\*<sup>,1</sup> | 99450 |
| 5000 | FutureCrest Acquisition Corp.\*<sup>,1</sup> | 53000 |

---

**Robinson Opportunistic Income Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **UNIT TRUST FUNDS (Continued)** |  |
| 5000 | Origin Investment Corp. I\*<sup>,1</sup> | $50550 |
|  | **TOTAL UNIT TRUST FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $300,150) | **307500** |
|  | **WARRANTS — 0.0%** |  |
| 6000 | Alchemy Investments Acquisition Corp. 1, Expiration Date: June 26, 2028\*<sup>,1</sup> | 780 |
| 15310 | Electriq Power Holdings, Inc., Expiration Date: January 25, 2028\* |  |
| 11805 | Estrella Immunopharma, Inc., Expiration Date: July 18, 2028\* | 614 |
| 4557 | Getaround, Inc., Expiration Date: December 31, 2027\* |  |
| 2500 | Haymaker Acquisition Corp. 4, Expiration Date: September 12, 2028\*<sup>,1</sup> | 1117 |
| 5000 | QT Imaging Holdings, Inc., Expiration Date: December 31, 2028\* | 595 |
| 3333 | Stardust Power, Inc., Expiration Date: December 30, 2027\* | 251 |
|  | **TOTAL WARRANTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $0) | **3357** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 2.1%** |  |
| $236434 | UMB Bank, Institutional Banking Money Market II Deposit Investment, 3.55%<sup>3</sup> | 236434 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $236,434) | **236434** |
|  | **TOTAL INVESTMENTS — 97.9%** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $10,117,028) | **10857709** |
|  | Other Assets in Excess of Liabilities — 2.1% | 237261 |
|  | **TOTAL NET ASSETS — 100.0%** | $**11094970** |

---

ETF – Exchange-Traded Fund

\* Non-income producing security.

<sup>1</sup> Foreign security denominated in U.S. Dollars.

<sup>2</sup> The value of these securities was determined using significant unobservable inputs. These are reported as Level 3 securities in the Fair Value Hierarchy.

<sup>3</sup> The rate is the annualized seven-day yield at period end.

**Robinson Opportunistic Income Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number of**<br>**Contracts**<br>**Long (Short)** | <br>**Description** | <br>**Expiration**<br>**Date** |<br>**Notional**<br>**Value** | **Value/Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| (2) | E-mini Dow ($5) | December 2025 | $(466890) | $(4330) |
| (4) | E-mini Russell 1000 | December 2025 | (403440) | (3380) |
| (7) | U.S. 10 Year Treasury Note | December 2025 | (787500) | 6563 |
| (5) | U.S. Treasury Long Bond | December 2025 | (582969) | 6250 |
| **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  | $**(2240799)** | $**5103** |

---

## 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:** Robinson Opportunistic Income Fund

- **b. EDGAR series identifier (if any):** S000052274

- **c. LEI of Series:** 5493001ZFLC1O5PVWB28

**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:** $11610975.03

**Total Liabilities:** $616897.68

**Net Assets:** $10994077.35

**Cash Not Reported:** $112104.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164392 | 1.41%                | 1.34%                | 0.34%                |
| Class ID C000164393 | 1.35%                | 1.29%                | 0.19%                |
| Class ID C000164394 | 1.34%                | 1.46%                | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5270.00                 | $57571.64                                  |
| Month 2  | $0.00                    | $115596.38                                 |
| Month 3  | $-36508.10               | $3502.70                                   |

**Designated Index Information**

- **Index Name:** Unhedged Robinson Opportunistic Income Fund

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| John Hancock Diversified Incom              | John Hancock Diversified Income Fund                       | CUSIP: 47804L102<br>LEI: TXPTLN9B34V0S0MTR071 | Long             |  | RF                | US        |     30108 | NS      | $320650.20    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset High Income Fund              | Western Asset High Income Fund II, Inc.                    | CUSIP: 95766J102<br>LEI: 549300LH0LPNF7USIA77 | Long             |  | RF                | US        |    146800 | NS      | $638580.00    | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HAYMAKER ACQUISITION CORP 4                 | Haymaker Acquisition Corp. 4                               | CUSIP: G4375F116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2500 | NC      | $1117.25      | 0.01%             |  |  |  | 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        |    210237 | PA      | $210237.03    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Floating Rate Income Fu              | Nuveen Floating Rate Income Fund/Closed-end Fund           | CUSIP: 67072T108<br>LEI: HJXCPP3KYE3BVU373P27 | Long             |  | RF                | US        |     60000 | NS      | $490800.00    | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Income Opportunities Fund               | KKR Income Opportunities Fund                              | CUSIP: 48249T106<br>LEI: 549300H65GA67Q2C3B36 | Long             |  | RF                | US        |     51789 | NS      | $652541.40    | 5.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Convertible & Income Fu              | Virtus Convertible & Income Fund                           | CUSIP: 92838X805<br>LEI: 549300WT3ICVH2Z06O49 | Long             |  | RF                | US        |     31161 | NS      | $467415.00    | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Convertible & Income Fu              | Virtus Convertible & Income Fund II                        | CUSIP: 92838U801<br>LEI: 549300VQWKOKLGOGUQ16 | Long             |  | RF                | US        |     35312 | NS      | $483068.16    | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Investment Corp I                    | Origin Investment Corp. I                                  | CUSIP: G67751118<br>LEI: N/A                  | Long             |  | CORP              | SG        |      5000 | NS      | $50550.00     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| John Hancock Premium Dividend               | John Hancock Premium Dividend Fund                         | CUSIP: 41013T105<br>LEI: 549300HU07GPOB5DR949 | Long             |  | RF                | US        |     10000 | NS      | $133400.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Preferred               | Flaherty & Crumrine Preferred and Income Fund              | CUSIP: 338480106<br>LEI: 254900LXRIT34GQY5I69 | Long             |  | RF                | US        |     54708 | NS      | $657590.16    | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Real Estate Income F              | Principal Real Estate Income Fund                          | CUSIP: 74255X104<br>LEI: 549300HK3LIJEGLGMK36 | Long             |  | RF                | US        |     45758 | NS      | $478628.68    | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| QT IMAGING HOLDINGS INC                     | QT Imaging Holdings, Inc.                                  | CUSIP: 746962117<br>LEI: 549300EQ1NNV387FGF92 | N/A              | DE               | CORP              | US        |      5000 | NC      | $595.00       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Real Assets Income               | Brookfield Real Assets Income Fund, Inc.                   | CUSIP: 112830104<br>LEI: 5493007NX94W3HSQTJ60 | Long             |  | RF                | US        |     45102 | NS      | $602562.72    | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Mortgage Real Estate E              | iShares Mortgage Real Estate ETF                           | CUSIP: 46435G342<br>LEI: 549300WLIJWYXGL2J018 | Long             |  | RF                | US        |     29250 | NS      | $642622.50    | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSSELL 1000 EMINI DEC 25   /               | RUSSELL 1000 EMINI DEC 25   /                              | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |        -4 | NC      | $-3394.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| STARDUST POWER INC                          | Stardust Power, Inc.                                       | CUSIP: 854936119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3333 | NC      | $251.31       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| 10 YR T-NOTE FUTURE DEC 2025   /            | 10 YR T-NOTE FUTURE DEC 2025   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -7 | NC      | $6538.00      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. LONG BOND FUT DEC 2025   /             | U.S. LONG BOND FUT DEC 2025   /                            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -5 | NC      | $6232.50      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCROW PLACEHOLDER ACROPOLIS INFRASTRUC   / | ESCROW PLACEHOLDER ACROPOLIS INFRASTRUC   /                | CUSIP: 005ESC017<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCHEMY INVESTMENTS ACQUISIT                | Alchemy Investments Acquisition Corp. 1                    | CUSIP: G0232F133<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6000 | NC      | $780.00       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Multi-Sector Income               | BlackRock Multi-Sector Income Trust                        | CUSIP: 09258A107<br>LEI: 549300BOVTR6GS7HLC41 | Long             |  | RF                | US        |     39259 | NS      | $525678.01    | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowen Acquisition Corp                      | Bowen Acquisition Corp.                                    | CUSIP: G12729128<br>LEI: 5493000ECOCYNGTKBW41 | N/A              | DE               | CORP              | US        |      5000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DoubleLine Yield Opportunities              | DoubleLine Yield Opportunities Fund                        | CUSIP: 25862D105<br>LEI: 5493006BIH94Q4VHHG23 | Long             |  | RF                | US        |     33299 | NS      | $502148.92    | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit              | Drugs Made In America Acquisition Corp.                    | CUSIP: G2847J120<br>LEI: N/A                  | Long             |  | CORP              | US        |     10000 | NS      | $104500.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit              | Drugs Made In America Acquisition II Corp.                 | CUSIP: G2851K120<br>LEI: N/A                  | Long             |  | CORP              | US        |     10000 | NS      | $99450.00     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Mortgage Opportu              | Western Asset Mortgage Opportunity Fund, Inc.              | CUSIP: 95790B109<br>LEI: 549300COBGR840ANRS47 | Long             |  | RF                | US        |     53392 | NS      | $625754.24    | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DJIA MINI E-CBOT DEC 25   /                 | DJIA MINI E-CBOT DEC 25   /                                | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |        -2 | NC      | $-4337.00     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Global High Inco              | Western Asset Global High Income Fund, Inc.                | CUSIP: 95766B109<br>LEI: 549300JWVV1XIQ66WD13 | Long             |  | RF                | US        |     95410 | NS      | $629706.00    | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRIQ POWER HOLDINGS INC                 | Electriq Power Holdings, Inc.                              | CUSIP: 285046116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     15310 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Asset Emerging Markets              | Western Asset Emerging Markets Debt Fund, Inc.             | CUSIP: 95766A101<br>LEI: 549300F68574RU1BKP84 | Long             |  | RF                | US        |     24764 | NS      | $255564.48    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Energy Midstream O              | ClearBridge Energy Midstream Opportunity Fund, Inc.        | CUSIP: 18469P209<br>LEI: 549300U6RAJWN6OONX12 | Long             |  | RF                | US        |       233 | NS      | $10466.36     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Allspring Utilities and High I              | Allspring Utilities and High Income Fund                   | CUSIP: 94987E109<br>LEI: 549300FUV7SPMTSLG229 | Long             |  | RF                | US        |     54802 | NS      | $678448.76    | 6.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ESTRELLA IMMUNOPHARMA INC                   | Estrella Immunopharma, Inc.                                | CUSIP: 297584112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     11805 | NC      | $613.86       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Tax-Managed Buy-Wr              | Eaton Vance Tax-Managed Buy-Write Income Fund              | CUSIP: 27828X100<br>LEI: 549300PR0H5PW7NXEV58 | Long             |  | RF                | US        |      1982 | NS      | $29730.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FutureCrest Acquisition Corp                | FutureCrest Acquisition Corp.                              | CUSIP: G3730U123<br>LEI: N/A                  | Long             |  | CORP              | US        |      5000 | NS      | $53000.00     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GETAROUND INC                               | Getaround, Inc.                                            | CUSIP: 37427G119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      4557 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GP-Act III Acquisition Corp                 | GP-Act III Acquisition Corp. - Class A                     | CUSIP: G4035N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $106000.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Senior Income Trust                 | Invesco Senior Income Trust                                | CUSIP: 46131H107<br>LEI: 549300C38VE5Y5R75E56 | Long             |  | RF                | US        |    147227 | NS      | $509405.42    | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Inflation-Linked              | Western Asset Inflation-Linked Income Fund                 | CUSIP: 95766Q106<br>LEI: 549300BKG7Y2MQAORR48 | Long             |  | RF                | US        |     30961 | NS      | $260691.62    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Inflation-Linked              | Western Asset Inflation-Linked Opportunities & Income Fund | CUSIP: 95766R104<br>LEI: 549300Z3DNF4FJBJ4A87 | Long             |  | RF                | US        |     68500 | NS      | $608965.00    | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-01

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President