# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-297223
**Filing Date:** 2025-11
**Character Count:** 17395
**Document Hash:** db8dd55ddb87eda99c86486dd78f81b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-297223.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001193125-25-297223

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**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:** 251521331

**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

### Towle Value Fund (Series ID: S000034478)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000105973 | Towle Value Fund | TDVFX           |

## 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:** Towle Value Fund

- **b. EDGAR series identifier (if any):** S000034478

- **c. LEI of Series:** 549300EXKT1LTZE2ZC55

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $89293243.61

**Total Liabilities:** $164926.20

**Net Assets:** $89128317.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000105973 | -1.79%               | 7.30%                | 1.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $244079.16               | $-1749426.83                               |
| Month 2  | $1452281.13              | $4473161.48                                |
| Month 3  | $-480027.48              | $1886329.44                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UMB IB MONEY MARKET II   /    | UMB IB MONEY MARKET II   /            | CUSIP: SF8888627<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1765483 | PA      | $1765482.79   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc            | Liberty Energy, Inc.                  | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134458 | NS      | $1659211.72   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                     | Lear Corp.                            | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     19235 | NS      | $1935233.35   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co         | Southwest Airlines Co.                | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     75407 | NS      | $2406237.37   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc            | Albertsons Cos., Inc.                 | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     72386 | NS      | $1267478.86   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                    | Adient PLC                            | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | US        |     94934 | NS      | $2286010.72   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc          | Alaska Air Group, Inc.                | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     34554 | NS      | $1720098.12   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc            | Ally Financial, Inc.                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     50236 | NS      | $1969251.20   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                      | Lyft, Inc. - Class A                  | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    120937 | NS      | $2661823.37   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc       | Methode Electronics, Inc.             | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |    207729 | NS      | $1568353.95   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc       | Magna International, Inc.             | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     48704 | NS      | $2307595.52   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                  | Metallus, Inc.                        | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    119302 | NS      | $1972062.06   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                 | MYR Group, Inc.                       | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      8840 | NS      | $1838985.20   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc             | Owens & Minor, Inc.                   | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |    241953 | NS      | $1161374.40   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                  | Oshkosh Corp.                         | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     11961 | NS      | $1551341.70   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc      | Par Pacific Holdings, Inc.            | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |    126792 | NS      | $4490972.64   | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                | PBF Energy, Inc. - Class A            | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     75599 | NS      | $2280821.83   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp         | ProPetro Holding Corp.                | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    254711 | NS      | $1334685.64   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp          | Ryerson Holding Corp.                 | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     85684 | NS      | $1958736.24   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc          | Sonic Automotive, Inc. - Class A      | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     33640 | NS      | $2559667.60   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                  | Sanmina Corp.                         | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     13657 | NS      | $1572057.27   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                | TD SYNNEX Corp.                       | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     11191 | NS      | $1832526.25   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc       | Titan International, Inc.             | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    228370 | NS      | $1726477.20   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc      | United Natural Foods, Inc.            | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     80057 | NS      | $3011744.34   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp             | World Kinect Corp.                    | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     68513 | NS      | $1777912.35   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp          | Wabash National Corp.                 | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |    178283 | NS      | $1759653.21   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc                    | Zumiez, Inc.                          | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |     79491 | NS      | $1558818.51   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                | AutoNation, Inc.                      | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11532 | NS      | $2522855.64   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                  | ArcBest Corp.                         | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     30576 | NS      | $2136345.12   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc         | Arrow Electronics, Inc.               | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     17660 | NS      | $2136860.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA               | Bunge Global S.A.                     | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | US        |     20065 | NS      | $1630281.25   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc           | Bloomin' Brands, Inc.                 | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    205284 | NS      | $1471886.28   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                | BorgWarner, Inc.                      | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     51249 | NS      | $2252906.04   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc         | BlueLinx Holdings, Inc.               | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     17128 | NS      | $1251714.24   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corp         | Clearwater Paper Corp.                | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |     81813 | NS      | $1698437.88   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC       | Cushman & Wakefield PLC               | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152963 | NS      | $2435170.96   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp              | HF Sinclair Corp.                     | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60492 | NS      | $3166151.28   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc         | Delek U.S. Holdings, Inc.             | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |    123643 | NS      | $3989959.61   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co             | DXC Technology Co.                    | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    114940 | NS      | $1566632.20   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Inc      | Anywhere Real Estate, Inc.            | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |    269706 | NS      | $2856186.54   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hovnanian Enterprises Inc     | Hovnanian Enterprises, Inc. - Class A | CUSIP: 442487401<br>LEI: 549300805N4EF0ROBT53 | Long             | EC               | CORP              | US        |     14618 | NS      | $1878266.82   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc   | Asbury Automotive Group, Inc.         | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      7873 | NS      | $1924554.85   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources | Alpha Metallurgical Resources, Inc.   | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14575 | NS      | $2391611.75   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-06

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

**Signature:** /s/ Maureen A. Quill

**Name of Signer:** Maureen A. Quill

**Title:** Executive Vice President