# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-289427
**Filing Date:** 2025-11
**Character Count:** 23653
**Document Hash:** 1a4a72c8c4a875f8e0c3f677c9fecaab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-289427.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001193125-25-289427

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**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:** 251502397

**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

### WCM Focused International Growth Fund (Series ID: S000032897)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000101539 | Institutional Class | WCMIX           |
| C000104483 | Investor Class      | WCMRX           |

## Nport-Ex

#### WCM Focused International Growth Fund

#### SCHEDULE OF INVESTMENTS

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 96.4%** |  |
|  | **ARGENTINA — 2.1%** |  |
| 198231 | MercadoLibre, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$463253953** |
|  | **BERMUDA — 2.1%** |  |
| 5112926 | Arch Capital Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**463895776** |
|  | **BRAZIL — 2.0%** |  |
| 27530105 | NU Holdings, Ltd. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**440756981** |
|  | **CANADA — 4.9%** |  |
| 9010832 | Canadian Natural Resources Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288123894 |
| 6514802 | Canadian Pacific Kansas City Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485287601 |
| 1601392 | Waste Connections, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281524714 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1054936209** |
|  | **CHINA — 2.9%** |  |
| 7368600 | Tencent Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**627779723** |
|  | **DENMARK — 1.3%** |  |
| 5328918 | Novo Nordisk A/S - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**288861702** |
|  | **FRANCE — 3.4%** |  |
| 2120562 | Safran S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**747101029** |
|  | **GERMANY — 12.4%** |  |
| 1184263 | Deutsche Boerse A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317128892 |
| 169097 | Rheinmetall A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393957498 |
| 2664655 | SAP S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712931292 |
| 10860722 | Siemens Energy A.G.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1267636747 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2691654429** |
|  | **INDIA — 1.8%** |  |
| 13310416 | ICICI Bank Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**402373876** |
|  | **IRELAND — 5.5%** |  |
| 791292 | Aon PLC - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282158901 |
| 6537019 | Experian PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327202592 |
| 2043803 | Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482460136 |
| 454464 | STERIS PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112452572 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1204274201** |
|  | **ISRAEL — 1.3%** |  |
| 1472867 | Monday.com, Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**285279609** |

---

------

#### WCM Focused International Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **ITALY — 1.8%** |  |
| 811095 | Ferrari N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$391930855** |
|  | **JAPAN — 6.4%** |  |
| 30964600 | Mitsubishi Heavy Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812196527 |
| 6572400 | Nintendo Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569088021 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1381284548** |
|  | **NETHERLANDS — 7.1%** |  |
| 291367 | Adyen N.V.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466912368 |
| 587724 | ASM International N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352441206 |
| 740439 | ASML Holding N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716811591 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1536165165** |
|  | **SINGAPORE — 5.2%** |  |
| 6330696 | Sea Ltd. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1131485296** |
|  | **SOUTH KOREA — 2.8%** |  |
| 18581997 | Coupang, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**598340303** |
|  | **SWEDEN — 4.1%** |  |
| 1261257 | Spotify Technology S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**880357386** |
|  | **SWITZERLAND — 2.1%** |  |
| 11071105 | UBS Group A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**452106046** |
|  | **TAIWAN — 5.4%** |  |
| 27286000 | Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1168325678** |
|  | **UNITED KINGDOM — 18.3%** |  |
| 11600893 | 3i Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637924307 |
| 2649303 | AstraZeneca PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398393036 |
| 36689153 | BAE Systems PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015908634 |
| 10717375 | Compass Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364500288 |
| 782420 | Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371649500 |
| 73990054 | Rolls-Royce Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1184079670 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3972455435** |
|  | **UNITED STATES — 3.5%** |  |
| 4630821 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**751119166** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $13,017,953,458) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20933737366** |

---

------

#### WCM Focused International Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

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

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  | Value |
|  | **BANK DEPOSIT INVESTMENTS — 3.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;$751807819 | UMB Bank, Money Market Special II, 3.94%<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$751807819 |
|  | **TOTAL BANK DEPOSIT INVESTMENTS** |  |
|  | (Cost $751,807,819) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**751807819** |
|  | **TOTAL INVESTMENTS — 99.9%** |  |
|  | (Cost $13,769,761,277) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21685545185** |
|  | Other Assets in Excess of Liabilities — 0.1% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30865055 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;**$21716410240** |

---

ADR – American Depository Receipt <br> PLC – Public Limited Company

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** WCM Focused International Growth Fund

- **b. EDGAR series identifier (if any):** S000032897

- **c. LEI of Series:** 549300UG6YELRC2USD98

**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:** $21729540823.85

**Total Liabilities:** $21937400.24

**Net Assets:** $21707603423.61

**Cash Not Reported:** $224273.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000101539 | -4.57%               | 1.34%                | 4.27%                |
| Class ID C000104483 | -4.58%               | 1.29%                | 4.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $71969440.35             | $-1044617627.06                            |
| Month 2  | $38834674.01             | $238276654.47                              |
| Month 3  | $-294777028.16           | $1191152996.82                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TSMC                            | Taiwan Semiconductor Manufacturing Co., Ltd. | CUSIP: 999999999<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |  27286000 | NS      | $1168325677.54 | 5.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd            | Tencent Holdings Ltd.                        | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |   7368600 | NS      | $627779722.44  | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Lt  | Mitsubishi Heavy Industries Ltd.             | CUSIP: 999999999<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |  30964600 | NS      | $812196527.03  | 3.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                 | Nintendo Co., Ltd.                           | CUSIP: 999999999<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |   6572400 | NS      | $569088021.10  | 2.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd          | Arch Capital Group Ltd.                      | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |   5112926 | NS      | $463895775.98  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                        | Adyen N.V.                                   | CUSIP: 999999999<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |    291367 | NS      | $466912367.93  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                         | Aon PLC - Class A                            | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |    791292 | NS      | $282158901.36  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV            | ASM International N.V.                       | CUSIP: 999999999<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |    587724 | NS      | $352441205.92  | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                 | ASML Holding N.V.                            | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             |  | CORP              | NL        |    740439 | NS      | $716811591.51  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                 | AstraZeneca PLC                              | CUSIP: 999999999<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   2649303 | NS      | $398393035.85  | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                 | BAE Systems PLC                              | CUSIP: 999999999<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |  36689153 | NS      | $1015908634.04 | 4.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd  | Canadian Natural Resources Ltd.              | CUSIP: 136385952<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |   9010832 | NS      | $288123894.52  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City L  | Canadian Pacific Kansas City Ltd.            | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   6514802 | NS      | $485287600.98  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC               | Compass Group PLC                            | CUSIP: 999999999<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |  10717375 | NS      | $364500287.45  | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                     | Coupang, Inc.                                | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |  18581997 | NS      | $598340303.40  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG              | Deutsche Boerse A.G.                         | CUSIP: 999999999<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |   1184263 | NS      | $317128892.11  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG               | Siemens Energy A.G.                          | CUSIP: 999999999<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |  10860722 | NS      | $1267636747.17 | 5.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                    | Experian PLC                                 | CUSIP: 999999999<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |   6537019 | NS      | $327202591.69  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                  | ICICI Bank Ltd. - ADR                        | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             |  | CORP              | IN        |  13310416 | NS      | $402373875.68  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                    | 3i Group PLC                                 | CUSIP: 999999999<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |  11600893 | NS      | $637924307.11  | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                       | Linde PLC                                    | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | GB        |    782420 | NS      | $371649500.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                | MercadoLibre, Inc.                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | AR        |    198231 | NS      | $463253953.14  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                  | Monday.com Ltd.                              | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |   1472867 | NS      | $285279609.23  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                | Novo Nordisk A/S - Class B                   | CUSIP: K7314N152<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |   5328918 | NS      | $288861702.19  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands  | NU Holdings Ltd./Cayman Islands - Class A    | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |  27530105 | NS      | $440756981.05  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In  | Philip Morris International, Inc.            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   4630821 | NS      | $751119166.20  | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                      | Ferrari N.V.                                 | CUSIP: 999999999<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |    811095 | NS      | $391930854.66  | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                  | Rheinmetall A.G.                             | CUSIP: 999999999<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |    169097 | NS      | $393957497.65  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC        | Rolls-Royce Holdings PLC                     | CUSIP: G7630U109<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |  73990054 | NS      | $1184079669.98 | 5.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                       | Safran S.A.                                  | CUSIP: 999999999<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |   2120562 | NS      | $747101028.65  | 3.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                          | SAP S.E.                                     | CUSIP: 999999999<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |   2664655 | NS      | $712931291.97  | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                         | Sea Ltd. - ADR                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | SG        |   6330696 | NS      | $1131485296.08 | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   / | UMB MONEY MARKET II SPECIAL   /              | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        | 751639460 | PA      | $751639459.96  | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA           | Spotify Technology S.A.                      | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |   1261257 | NS      | $880357386.00  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                      | STERIS PLC                                   | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    454464 | NS      | $112452572.16  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL  | Seagate Technology Holdings PLC              | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |   2043803 | NS      | $482460136.18  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                    | UBS Group A.G.                               | CUSIP: 999999999<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |  11071105 | NS      | $452106046.41  | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Connections Inc           | Waste Connections, Inc.                      | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |   1601392 | NS      | $281524713.60  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President