# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-008315
**Filing Date:** 2023-2
**Character Count:** 12204
**Document Hash:** 44c86fad7f2b1519696bcde2c1d47ca0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008315.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001145549-23-008315

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20221231

**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:** 23654092

**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

### AAM/Phocas Real Estate Fund (Series ID: S000062618)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000203106 | Class A Shares | APRAX           |
| C000203108 | Class I Shares | APRIX           |

## 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:** AAM/Phocas Real Estate Fund

- **b. EDGAR series identifier (if any):** S000062618

- **c. LEI of Series:** 549300FJ5CZ1QAWFQX20

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $28737686.76

**Total Liabilities:** $68321.83

**Net Assets:** $28669364.93

**Cash Not Reported:** $61044.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203106 | 3.40%                | 4.43%                | -5.30%               |
| Class ID C000203108 | 3.43%                | 4.46%                | -5.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $935298.95                                 |
| Month 2  | $0.00                    | $1245660.45                                |
| Month 3  | $-1543602.09             | $-274398.75                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Armada Hoffler Properties Inc  | Armada Hoffler Properties, Inc. - REIT             | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             |  | CORP              | US        |     90140 | NS      | $1036610.00   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp            | American Tower Corp. - REIT                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             |  | CORP              | US        |      9613 | NS      | $2036610.18   | 7.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities, Inc. - REIT       | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             |  | CORP              | US        |      7751 | NS      | $1129088.17   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc          | Boston Properties, Inc. - REIT                     | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             |  | CORP              | US        |      3783 | NS      | $255655.14    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc               | Crown Castle, Inc. - REIT                          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             |  | CORP              | US        |      7776 | NS      | $1054736.64   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                    | Centerspace - REIT                                 | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             |  | CORP              | US        |     21585 | NS      | $1266391.95   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix, Inc. - REIT                               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             |  | CORP              | US        |      2717 | NS      | $1779716.51   | 6.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc        | Extra Space Storage, Inc. - REIT                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             |  | CORP              | US        |     11188 | NS      | $1646649.84   | 5.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Medical REIT Inc        | Global Medical REIT, Inc. - REIT                   | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             |  | CORP              | US        |    109440 | NS      | $1037491.20   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc           | Invitation Homes, Inc. - REIT                      | CUSIP: 46187W107<br>LEI: N/A                  | Long             |  | CORP              | US        |     43512 | NS      | $1289695.68   | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc  | Independence Realty Trust, Inc. - REIT             | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             |  | CORP              | US        |     76638 | NS      | $1292116.68   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp              | Kimco Realty Corp. - REIT                          | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             |  | CORP              | US        |     39753 | NS      | $841968.54    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit | Mid-America Apartment Communities, Inc. - REIT     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             |  | CORP              | US        |      8160 | NS      | $1281038.40   | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Treasury Portfolio       | MSILF Treasury Portfolio - Class Institutional USD | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |    456392 | PA      | $456391.76    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc      | Healthpeak Properties, Inc. - REIT                 | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             |  | CORP              | US        |     22449 | NS      | $562796.43    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust        | Pebblebrook Hotel Trust - REIT                     | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             |  | CORP              | US        |     32745 | NS      | $438455.55    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis, Inc. - REIT                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             |  | CORP              | US        |     17153 | NS      | $1933657.69   | 6.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                 | Public Storage - REIT                              | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             |  | CORP              | US        |      4486 | NS      | $1256932.34   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp           | Regency Centers Corp. - REIT                       | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             |  | CORP              | US        |     10911 | NS      | $681937.50    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc  | Rexford Industrial Realty, Inc. - REIT             | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             |  | CORP              | US        |     31193 | NS      | $1704385.52   | 5.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I | Ryman Hospitality Properties, Inc. - REIT          | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             |  | CORP              | US        |     10619 | NS      | $868421.82    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Opportunity Investments | Retail Opportunity Investments Corp. - REIT        | CUSIP: 76131N101<br>LEI: N/A                  | Long             |  | CORP              | US        |     56601 | NS      | $850713.03    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc       | Simon Property Group, Inc. - REIT                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             |  | CORP              | US        |     10301 | NS      | $1210161.48   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc            | Sun Communities, Inc. - REIT                       | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             |  | CORP              | US        |      8395 | NS      | $1200485.00   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                     | Ventas, Inc. - REIT                                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             |  | CORP              | US        |     16126 | NS      | $726476.30    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                | Weyerhaeuser Co. - REIT                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             |  | CORP              | US        |     21947 | NS      | $680357.00    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-06

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

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

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

**Title:** Assistant Vice President