# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-017639
**Filing Date:** 2023-3
**Character Count:** 56492
**Document Hash:** 01133cd07d9ae426d14078939d8d2900
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017639.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017639

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 23755250

**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 Opportunities Fund (Series ID: S000026080)

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

## Nport-Ex

#### Vaughan Nelson Emerging Markets Opportunities Fund

#### SCHEDULE OF INVESTMENTS

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 96.9%** |  |
|  | **BRAZIL — 6.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68858 | Ambipar Participacoes e Empreendimentos S/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$324872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74175 | Banco ABC Brasil S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280405 |
| &nbsp;&nbsp;&nbsp;&nbsp;118041 | Cury Construtora e Incorporadora S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32430 | Hypera S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45932 | Intelbras S.A. Industria de Telecomunicacao Eletronica Brasileira | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40251 | SLC Agricola S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406768 |
| &nbsp;&nbsp;&nbsp;&nbsp;145046 | Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417740 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2319079** |
|  | **CHINA — 15.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13067 | Autohome, Inc. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455516 |
| &nbsp;&nbsp;&nbsp;&nbsp;155278 | China International Capital Corp. Ltd. - Class H <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346987 |
| &nbsp;&nbsp;&nbsp;&nbsp;376597 | China Yongda Automobiles Services Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87613 | Country Garden Services Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236857 |
| &nbsp;&nbsp;&nbsp;&nbsp;197692 | ENN Natural Gas Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529099 |
| &nbsp;&nbsp;&nbsp;&nbsp;411600 | Focus Media Information Technology Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424758 |
| &nbsp;&nbsp;&nbsp;&nbsp;143970 | Haitian International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84095 | Longshine Technology Group Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312045 |
| &nbsp;&nbsp;&nbsp;&nbsp;316885 | Tingyi Cayman Islands Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527169 |
| &nbsp;&nbsp;&nbsp;&nbsp;200105 | Tongcheng Travel Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453398 |
| &nbsp;&nbsp;&nbsp;&nbsp;569515 | Topsports International Holdings Ltd. <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39100 | Wuxi Lead Intelligent Equipment Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268808 |
| &nbsp;&nbsp;&nbsp;&nbsp;223895 | Yadea Group Holdings Ltd. <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510445 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5369231** |
|  | **COLOMBIA — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24100 | Geopark Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**366561** |
|  | **GERMANY — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2340 | Nagarro S.E. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**320577** |
|  | **HONG KONG — 3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;110848 | China Mengniu Dairy Co., Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534713 |
| &nbsp;&nbsp;&nbsp;&nbsp;168235 | ESR Group Ltd. <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336820 |
| &nbsp;&nbsp;&nbsp;&nbsp;659194 | WH Group Ltd. <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405973 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1277506** |
|  | **INDIA — 15.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77886 | Aegis Logistics Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51415 | Cholamandalam Financial Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374827 |
| &nbsp;&nbsp;&nbsp;&nbsp;129363 | City Union Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39835 | Cyient Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13846 | Dalmia Bharat Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299488 |
| &nbsp;&nbsp;&nbsp;&nbsp;166804 | EPL Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318668 |
| &nbsp;&nbsp;&nbsp;&nbsp;228144 | Federal Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376466 |

---

------

#### Vaughan Nelson Emerging Markets Opportunities Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **INDIA (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;243972 | India Grid Trust <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$410914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17854 | KEI Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22844 | Mahindra & Mahindra Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386145 |
| &nbsp;&nbsp;&nbsp;&nbsp;132450 | Redington Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56575 | SIS Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57540 | Sobha Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50684 | UPL Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4950 | WNS Holdings Ltd. - ADR \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419413 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5438030** |
|  | **INDONESIA — 2.2%** |  |
| &nbsp;&nbsp;4244987 | Mitra Adiperkasa Tbk P.T. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368675 |
| 13435513 | Pakuwon Jati Tbk P.T. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401863 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**770538** |
|  | **LUXEMBOURG — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9110 | Befesa S.A. <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522581 |
| &nbsp;&nbsp;&nbsp;&nbsp;112735 | L'Occitane International S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313657 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**836238** |
|  | **MEXICO — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;141055 | Corp Inmobiliaria Vesta S.A.B. de C.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385325 |
| &nbsp;&nbsp;&nbsp;&nbsp;410802 | Genomma Lab Internacional S.A.B. de C.V. - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385703 |
| &nbsp;&nbsp;&nbsp;&nbsp;192671 | GMexico Transportes S.A.B. de C.V. <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417460 |
| &nbsp;&nbsp;&nbsp;&nbsp;182630 | Grupo Traxion S.A.B. de C.V. \*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336930 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1525418** |
|  | **PHILIPPINES — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69156 | ACEN Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32052 | Ayala Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416831 |
| &nbsp;&nbsp;&nbsp;&nbsp;580504 | Puregold Price Club, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356585 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**782313** |
|  | **POLAND — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4085 | Dino Polska S.A. \*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13667 | LiveChat Software S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397544 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**767624** |
|  | **SINGAPORE — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9470 | Karooooo Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**244610** |
|  | **SOUTH AFRICA — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;375610 | Advtech Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22491 | Bid Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463392 |

---

------

#### Vaughan Nelson Emerging Markets Opportunities Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **SOUTH AFRICA (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35892 | Bidvest Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$463254 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1327314** |
|  | **SOUTH KOREA — 13.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23605 | Cheil Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15101 | Doosan Bobcat, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12970 | Fila Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2739 | Hansol Chemical Co., Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5347 | KIWOOM Securities Co., Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32515 | NICE Information Service Co., Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5255 | Orion Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4864 | Osstem Implant Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4532 | Samsung Electro-Mechanics Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14335 | SFA Engineering Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436668 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4742819** |
|  | **TAIWAN — 12.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81200 | Chroma ATE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71377 | Elite Material Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87145 | Ennoconn Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28906 | King Slide Works Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390830 |
| &nbsp;&nbsp;&nbsp;&nbsp;358475 | King Yuan Electronics Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459926 |
| &nbsp;&nbsp;&nbsp;&nbsp;176786 | Lite-On Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13954 | Lotes Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40681 | Universal Vision Biotechnology Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23433 | Yageo Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84730 | Zhen Ding Technology Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312877 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4369747** |
|  | **THAILAND — 1.5%** |  |
| &nbsp;&nbsp;4378848 | WHA Corp. PCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**503216** |
|  | **UNITED ARAB EMIRATES — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;271438 | Emaar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68863 | Network International Holdings PLC \*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223968 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**636420** |
|  | **UNITED KINGDOM — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;289867 | Helios Towers PLC \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17285 | Mondi PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322852 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**705244** |
|  | **UNITED STATES — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45115 | Kosmos Energy Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356860 |

---

------

#### Vaughan Nelson Emerging Markets Opportunities Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **UNITED STATES (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;177280 | Samsonite International S.A. \*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$528112 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**884972** |
|  | **Total Common Stocks** |  |
|  | (Cost $29,466,409) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**33187457** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$958117 | UMB Money Market Fiduciary, 0.01%<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958117 |
|  | **Total Short-Term Investments** |  |
|  | (Cost $958,117) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**958117** |
|  | **TOTAL INVESTMENTS — 99.7%** |  |
|  | (Cost $30,424,526) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**34145574** |
|  | Other Assets in Excess of Liabilities — 0.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106829 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$34252403** |

---

---

| |
|:---|
| ADR – American Depository Receipt |
| PCL – Public Company Limited |
| PJSC – Public Joint Stock Company |
| PLC – Public Limited Company |

---

---

| |
|:---|
| \*Non-income producing security. |
| <sup>1</sup>Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $4,946,898, which represents 14.44% of total net assets of the Fund. |
| <sup>2</sup>The rate is the annualized seven-day yield at period end. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

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

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

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

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $34487501.69

**Total Liabilities:** $235708.83

**Net Assets:** $34251792.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000078165 | 9.68%                | -1.30%               | 7.53%                |
| Class ID C000216360 | 9.68%                | -1.33%               | 7.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-410535.80              | $3097387.02                                |
| Month 2  | $-26392.79               | $-454316.94                                |
| Month 3  | $-118814.80              | $2498311.10                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FOCUS MEDIA                    | Focus Media Information Technology Co., Ltd. - Class A            | CUSIP: Y29327114<br>LEI: 300300V7WGZW0LZKTD06 | Long             | EC               | CORP              | CN        |    411600 | NS      | $424757.56    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electro-Mechanics Co L | Samsung Electro-Mechanics Co., Ltd.                               | CUSIP: Y7470U102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4532 | NS      | $529305.71    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co Ltd         | Hansol Chemical Co., Ltd.                                         | CUSIP: Y3064E109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2739 | NS      | $472273.65    | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| NICE Information Service Co Lt | NICE Information Service Co., Ltd.                                | CUSIP: Y6436G108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     32515 | NS      | $343958.44    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Bobcat Inc              | Doosan Bobcat, Inc.                                               | CUSIP: Y2103B100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     15101 | NS      | $428539.44    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| King Yuan Electronics Co Ltd   | King Yuan Electronics Co., Ltd.                                   | CUSIP: Y4801V107<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    358475 | NS      | $459926.11    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Befesa SA                      | Befesa S.A.                                                       | CUSIP: L0R30V103<br>LEI: 222100VXGA8L6J4ZWG61 | Long             | EC               | CORP              | LU        |      9110 | NS      | $522581.02    | 1.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HONG KONG DOLLAR  /            | HONG KONG DOLLAR  /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | HK        |       927 | OU      | $118.21       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Towers PLC              | Helios Towers PLC                                                 | CUSIP: G4431S102<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    289867 | NS      | $382391.43    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| India Grid Trust               | India Grid Trust                                                  | CUSIP: Y39199107<br>LEI: 335800TGEQ4SXIIDKF52 | Long             |  | CORP              | IN        |    243972 | NS      | $410914.07    | 1.20%             |  |  |  | Yes           |                  1 | On Loan: No      |
| INDIAN RUPIES  /               | INDIAN RUPIES  /                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | IN        |   1415869 | OU      | $17281.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Karooooo Ltd                   | Karooooo Ltd.                                                     | CUSIP: Y4600W108<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |      9470 | NS      | $244610.10    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheil Worldwide Inc            | Cheil Worldwide, Inc.                                             | CUSIP: Y1296G108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23605 | NS      | $421839.18    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| KIWOOM Securities Co Ltd       | KIWOOM Securities Co., Ltd.                                       | CUSIP: Y4801C109<br>LEI: 988400O27CNGJA2QWJ18 | Long             | EC               | CORP              | KR        |      5347 | NS      | $428746.87    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Osstem Implant Co Ltd          | Osstem Implant Co., Ltd.                                          | CUSIP: Y6586N101<br>LEI: 9884004U916KOXY14B53 | Long             | EC               | CORP              | KR        |      4864 | NS      | $739914.56    | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SFA Engineering Corp           | SFA Engineering Corp.                                             | CUSIP: Y7676C104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     14335 | NS      | $436667.95    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Fila Holdings Corp             | Fila Holdings Corp.                                               | CUSIP: Y2484W103<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     12970 | NS      | $409657.24    | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Yadea Group Holdings Ltd       | Yadea Group Holdings Ltd.                                         | CUSIP: G9830F106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    223895 | NS      | $510445.31    | 1.49%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ESR Group Ltd                  | ESR Group Ltd.                                                    | CUSIP: G31989109<br>LEI: 549300C81AR42BZUFZ09 | Long             | EC               | CORP              | HK        |    168235 | NS      | $336819.72    | 0.98%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HAITIAN INT'L                  | Haitian International Holdings Ltd.                               | CUSIP: G4232C108<br>LEI: 30030093DDRS825TVP62 | Long             | EC               | CORP              | CN        |    143970 | NS      | $441833.96    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite International SA     | Samsonite International S.A.                                      | CUSIP: L80308106<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | US        |    177280 | NS      | $528111.81    | 1.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| King Slide Works Co Ltd        | King Slide Works Co., Ltd.                                        | CUSIP: Y4771C105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     28906 | NS      | $390830.49    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp        | Lite-On Technology Corp.                                          | CUSIP: Y5313K109<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |    176786 | NS      | $392835.86    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| China Mengniu Dairy Co Ltd     | China Mengniu Dairy Co., Ltd.                                     | CUSIP: G21096105<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | HK        |    110848 | NS      | $534713.10    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp                     | Yageo Corp.                                                       | CUSIP: Y9723R100<br>LEI: 5493001P0TOZH7GGNQ21 | Long             | EC               | CORP              | TW        |     23433 | NS      | $425330.76    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                 | Chroma ATE, Inc.                                                  | CUSIP: Y1604M102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     81200 | NS      | $503903.54    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd          | Elite Material Co., Ltd.                                          | CUSIP: Y2290G102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     71377 | NS      | $433523.57    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Corp/Republic of Korea   | Orion Corp./Republic of Korea                                     | CUSIP: Y6S90M128<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      5255 | NS      | $531916.39    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd                   | WH Group Ltd.                                                     | CUSIP: G96007102<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | HK        |    659194 | NS      | $405972.78    | 1.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LEAD INTELLIGENT               | Wuxi Lead Intelligent Equipment Co., Ltd. - Class A               | CUSIP: Y9717H100<br>LEI: 836800J7WO9E2EF72B65 | Long             | EC               | CORP              | CN        |     39100 | NS      | $268808.02    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGSHINE                      | Longshine Technology Group Co., Ltd. - Class A                    | CUSIP: Y5324Y106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     84095 | NS      | $312045.09    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Vision Biotechnology | Universal Vision Biotechnology Co., Ltd.                          | CUSIP: Y9297L109<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     40681 | NS      | $443828.42    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| TINGYI                         | Tingyi Cayman Islands Holding Corp.                               | CUSIP: G8878S103<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | CN        |    316885 | NS      | $527169.06    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd                   | Lotes Co., Ltd.                                                   | CUSIP: Y53302116<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     13954 | NS      | $354724.76    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| YONGDA AUTO                    | China Yongda Automobiles Services Holdings Ltd.                   | CUSIP: G2162W102<br>LEI: 529900G4APWIO18G0C95 | Long             | EC               | CORP              | CN        |    376597 | NS      | $325687.34    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| CICC                           | China International Capital Corp. Ltd. - Class H                  | CUSIP: Y1R99Y109<br>LEI: 529900OS3SVVTT56QN67 | Long             | EC               | CORP              | CN        |    155278 | NS      | $346987.28    | 1.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Zhen Ding Technology Holding L | Zhen Ding Technology Holding Ltd.                                 | CUSIP: G98922100<br>LEI: 549300H7R4K33675UP38 | Long             | EC               | CORP              | TW        |     84730 | NS      | $312877.06    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Natural Gas Co Ltd         | ENN Natural Gas Co., Ltd. - Class A                               | CUSIP: Y3119Q107<br>LEI: 300300KVDMGNQNP52Z98 | Long             | EC               | CORP              | CN        |    197692 | NS      | $529098.92    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| CG SERVICES                    | Country Garden Services Holdings Co., Ltd.                        | CUSIP: G2453A108<br>LEI: 549300P2JRKENZSEBB42 | Long             | EC               | CORP              | CN        |     87613 | NS      | $236857.45    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Topsports International Holdin | Topsports International Holdings Ltd.                             | CUSIP: G8924B104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    569515 | NS      | $536627.64    | 1.57%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ennoconn Corp                  | Ennoconn Corp.                                                    | CUSIP: Y229BK101<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     87145 | NS      | $651966.79    | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongcheng Travel Holdings Ltd  | Tongcheng Travel Holdings Ltd.                                    | CUSIP: G8918W106<br>LEI: 2549004WGGNOPL8NUL61 | Long             | EC               | CORP              | CN        |    200105 | NS      | $453398.14    | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Occitane International SA    | L'Occitane International S.A.                                     | CUSIP: L6071D109<br>LEI: 549300TLZP9DZV3ROI47 | Long             | EC               | CORP              | LU        |    112735 | NS      | $313657.26    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco ABC Brasil SA            | Banco ABC Brasil S.A.                                             | CUSIP: P0763M135<br>LEI: 549300K1V1WOTCGNSI96 | Long             |  | CORP              | BR        |     74175 | NS      | $280404.67    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ayala Corp                     | Ayala Corp.                                                       | CUSIP: Y0486V115<br>LEI: 254900QJ68UH8GKNGI69 | Long             | EC               | CORP              | PH        |     32052 | NS      | $416831.49    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ACEN Corp                      | ACEN Corp.                                                        | CUSIP: Y1001H102<br>LEI: 549300LGUZQ61GQQXQ60 | Long             | EC               | CORP              | PH        |     69156 | NS      | $8896.50      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Advtech Ltd                    | Advtech Ltd.                                                      | CUSIP: S0065B115<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    375610 | NS      | $400667.94    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegis Logistics Ltd            | Aegis Logistics Ltd.                                              | CUSIP: Y0018C122<br>LEI: 335800R6OF8UV8J3G994 | Long             | EC               | CORP              | IN        |     77886 | NS      | $363950.55    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambipar Participacoes e Empree | Ambipar Participacoes e Empreendimentos S/A                       | CUSIP: P0R77M103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     68858 | NS      | $324872.27    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Autohome Inc                   | Autohome, Inc. - ADR                                              | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             |  | CORP              | CN        |     13067 | NS      | $455515.62    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp Ltd                   | Bid Corp. Ltd.                                                    | CUSIP: S11881109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     22491 | NS      | $463392.16    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bidvest Group Ltd/The          | Bidvest Group Ltd.                                                | CUSIP: S1201R162<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |     35892 | NS      | $463254.33    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cholamandalam Financial Holdin | Cholamandalam Financial Holdings Ltd.                             | CUSIP: Y9001B157<br>LEI: 335800WAHI1O38BILX22 | Long             | EC               | CORP              | IN        |     51415 | NS      | $374826.80    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| City Union Bank Ltd            | City Union Bank Ltd.                                              | CUSIP: Y1659F135<br>LEI: 33580024M7FWA847JI64 | Long             | EC               | CORP              | IN        |    129363 | NS      | $251466.85    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Cury Construtora e Incorporado | Cury Construtora e Incorporadora S.A.                             | CUSIP: P3R15G105<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    118041 | NS      | $313455.21    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyient Ltd                     | Cyient Ltd.                                                       | CUSIP: Y4082D131<br>LEI: 335800MJOXTUJ22Y4T72 | Long             | EC               | CORP              | IN        |     39835 | NS      | $429331.27    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Dalmia Bharat Ltd              | Dalmia Bharat Ltd.                                                | CUSIP: Y6S3J2117<br>LEI: 335800Q2I12HTQ7ETZ32 | Long             | EC               | CORP              | IN        |     13846 | NS      | $299487.84    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                 | Dino Polska S.A.                                                  | CUSIP: X188AF102<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |      4085 | NS      | $370079.39    | 1.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Emaar Properties PJSC          | Emaar Properties PJSC                                             | CUSIP: M4025S107<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    271438 | NS      | $412451.86    | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| EPL Ltd                        | EPL Ltd.                                                          | CUSIP: Y2297N142<br>LEI: 335800SHKQVLNEGB2W80 | Long             | EC               | CORP              | IN        |    166804 | NS      | $318667.90    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Bank Ltd               | Federal Bank Ltd.                                                 | CUSIP: Y24781182<br>LEI: 335800J8VWGE2HGWF417 | Long             | EC               | CORP              | IN        |    228144 | NS      | $376466.23    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GMexico Transportes SAB de CV  | GMexico Transportes S.A.B. de C.V.                                | CUSIP: P4R1BE119<br>LEI: 4469000001BXJ8FN4U73 | Long             | EC               | CORP              | MX        |    192671 | NS      | $417459.80    | 1.22%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Geopark Ltd                    | Geopark Ltd.                                                      | CUSIP: G38327105<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | EC               | CORP              | CO        |     24100 | NS      | $366561.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HKD SPOT FORWARD CONTRACT   /  | HKD SPOT FORWARD CONTRACT   /                                     | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | HK        |   -742878 | OU      | $-94740.38    | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                      | Hypera S.A.                                                       | CUSIP: P5230A101<br>LEI: 25490092WKPBKTIZX403 | Long             | EC               | CORP              | BR        |     32430 | NS      | $296426.93    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Intelbras SA Industria de Tele | Intelbras S.A. Industria de Telecomunicacao Eletronica Brasileira | CUSIP: P5R68S100<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     45932 | NS      | $279412.20    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI Industries Ltd             | KEI Industries Ltd.                                               | CUSIP: Y4640F115<br>LEI: 335800UDWBC2AWPU7M56 | Long             | EC               | CORP              | IN        |     17854 | NS      | $353765.14    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd              | Kosmos Energy Ltd.                                                | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |     45115 | NS      | $356859.65    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH KOREAN WON  /            | SOUTH KOREAN WON  /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | KR        |         2 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Genomma Lab Internacional SAB  | Genomma Lab Internacional S.A.B. de C.V. - Class B                | CUSIP: P48318102<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    410802 | NS      | $385702.95    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveChat Software SA           | LiveChat Software S.A.                                            | CUSIP: X4901B101<br>LEI: 259400W35VF4Q1XFFE11 | Long             | EC               | CORP              | PL        |     13667 | NS      | $397544.15    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitra Adiperkasa Tbk PT        | Mitra Adiperkasa Tbk P.T.                                         | CUSIP: Y71299104<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   4244987 | NS      | $368674.77    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd        | Mahindra & Mahindra Ltd.                                          | CUSIP: Y54164150<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     22844 | NS      | $386144.87    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   / | UMB MONEY MARKET FIDUCIARY   /                                    | CUSIP: SF8888528<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1227716 | PA      | $1227716.49   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondi PLC                      | Mondi PLC                                                         | CUSIP: G6258S107<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |     17285 | NS      | $322852.01    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Nagarro SE                     | Nagarro S.E.                                                      | CUSIP: D5S4HP103<br>LEI: 9845008396BA67DA9B37 | Long             | EC               | CORP              | DE        |      2340 | NS      | $320577.20    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Network International Holdings | Network International Holdings PLC                                | CUSIP: G6457T104<br>LEI: 213800XVRNKWENNLKK60 | Long             | EC               | CORP              | AE        |     68863 | NS      | $223968.18    | 0.65%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Puregold Price Club Inc        | Puregold Price Club, Inc.                                         | CUSIP: Y71617107<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |    580504 | NS      | $356584.76    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Pakuwon Jati Tbk PT            | Pakuwon Jati Tbk P.T.                                             | CUSIP: Y712CA107<br>LEI: 254900GUXQAQB065PM73 | Long             | EC               | CORP              | ID        |  13435513 | NS      | $401862.92    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Redington Ltd                  | Redington Ltd.                                                    | CUSIP: Y72020111<br>LEI: 335800DTFNX7F2LM5227 | Long             | EC               | CORP              | IN        |    132450 | NS      | $300871.86    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI RIYAL  /                 | SAUDI RIYAL  /                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | SA        |       188 | OU      | $49.96        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SIS Ltd                        | SIS Ltd.                                                          | CUSIP: Y7T669116<br>LEI: 335800TDIAQ4LLKESR87 | Long             | EC               | CORP              | IN        |     56575 | NS      | $258940.66    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| SLC Agricola SA                | SLC Agricola S.A.                                                 | CUSIP: P8711D107<br>LEI: 54930017BQDYJPIJXG79 | Long             | EC               | CORP              | BR        |     40251 | NS      | $406767.98    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sobha Ltd                      | Sobha Ltd.                                                        | CUSIP: Y806AJ100<br>LEI: 3358009VFP3MXXLJDN54 | Long             | EC               | CORP              | IN        |     57540 | NS      | $423688.89    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Traxion SAB de CV        | Grupo Traxion S.A.B. de C.V.                                      | CUSIP: P4989G104<br>LEI: 4469000001BS6B603745 | Long             | EC               | CORP              | MX        |    182630 | NS      | $336930.31    | 0.98%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TAIWANESE DOLLAR  /            | TAIWANESE DOLLAR  /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | TW        |   2928472 | OU      | $97534.45     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                        | UPL Ltd.                                                          | CUSIP: Y9305P100<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |     50684 | NS      | $470093.28    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Vamos Locacao de Caminhoes Maq | Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A.           | CUSIP: P9680U112<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    145046 | NS      | $417739.79    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp Inmobiliaria Vesta SAB de | Corp Inmobiliaria Vesta S.A.B. de C.V.                            | CUSIP: P9781N108<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |    141055 | NS      | $385325.36    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WHA Corp PCL                   | WHA Corp. PCL                                                     | CUSIP: Y95310150<br>LEI: 254900E68VLEZZULQP27 | Long             | EC               | CORP              | TH        |   4378848 | NS      | $503215.99    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| WNS Holdings Ltd               | WNS Holdings Ltd. - ADR                                           | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             |  | CORP              | IN        |      4950 | NS      | $419413.50    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-06

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

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

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

**Title:** Assistant Vice President