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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hanwha Ocean Co Ltd</name>
        <lei>984500ACAD2B57CCT437</lei>
        <title>Hanwha Ocean Co., Ltd.</title>
        <cusip>Y1916Y117</cusip>
        <identifiers>
          <isin value="KR7042660001"/>
          <ticker value="042660KS"/>
        </identifiers>
        <balance>32810</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70"/>
        <valUSD>1942359.20</valUSD>
        <pctVal>3.1047614685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Electronics Inc</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>Delta Electronics, Inc.</title>
        <cusip>Y20263102</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
          <ticker value="2308 TT"/>
        </identifiers>
        <balance>51140</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.3190"/>
        <valUSD>2515966</valUSD>
        <pctVal>4.0216424917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSMC</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co., Ltd.</title>
        <cusip>Y84629107</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="2330 TT"/>
        </identifiers>
        <balance>116890</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.3190"/>
        <valUSD>8645801.27</valUSD>
        <pctVal>13.8198694904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accton Technology Corp</name>
        <lei>529900M1YRZ0GWMDF920</lei>
        <title>Accton Technology Corp.</title>
        <cusip>Y0002S109</cusip>
        <identifiers>
          <isin value="TW0002345006"/>
          <ticker value="2345 TT"/>
        </identifiers>
        <balance>44240</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.3190"/>
        <valUSD>2867503.91</valUSD>
        <pctVal>4.5835577944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elite Material Co Ltd</name>
        <lei>N/A</lei>
        <title>Elite Material Co., Ltd.</title>
        <cusip>Y2290G102</cusip>
        <identifiers>
          <isin value="TW0002383007"/>
          <ticker value="2383 TT"/>
        </identifiers>
        <balance>19430</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.3190"/>
        <valUSD>2789229.25</valUSD>
        <pctVal>4.4584397686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HD Hyundai Electric Co Ltd</name>
        <lei>988400CSDKM9UHLHGB91</lei>
        <title>HD Hyundai Electric Co., Ltd.</title>
        <cusip>Y3R1DD103</cusip>
        <identifiers>
          <isin value="KR7267260008"/>
          <ticker value="267260KS"/>
        </identifiers>
        <balance>2980</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70"/>
        <valUSD>1378038.85</valUSD>
        <pctVal>2.2027243589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CATL</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co., Ltd. - Class A</title>
        <cusip>Y1R48E105</cusip>
        <identifiers>
          <isin value="CNE100003662"/>
          <ticker value="300750C2"/>
        </identifiers>
        <balance>31980</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7476"/>
        <valUSD>1874804.51</valUSD>
        <pctVal>2.9967787645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>360 ONE WAM Ltd</name>
        <lei>335800DDYMCDBO5OLL32</lei>
        <title>360 ONE WAM Ltd.</title>
        <cusip>Y8R01R106</cusip>
        <identifiers>
          <isin value="INE466L01038"/>
          <ticker value="360ONEIN"/>
        </identifiers>
        <balance>205970</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.4150"/>
        <valUSD>2447409.95</valUSD>
        <pctVal>3.9120591652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK Square Co Ltd</name>
        <lei>988400SX6QGRCASSFD87</lei>
        <title>SK Square Co., Ltd.</title>
        <cusip>Y8T6X4107</cusip>
        <identifiers>
          <isin value="KR7402340004"/>
          <ticker value="402340KS"/>
        </identifiers>
        <balance>3950</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70"/>
        <valUSD>2716073.67</valUSD>
        <pctVal>4.3415043295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tencent Holdings Ltd</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd.</title>
        <cusip>G87572163</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="700 HK"/>
        </identifiers>
        <balance>45920</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8424"/>
        <valUSD>2805849.37</valUSD>
        <pctVal>4.4850061773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-06</ncom:dateSigned>
      <ncom:nameOfApplicant>INVESTMENT MANAGERS SERIES TRUST</ncom:nameOfApplicant>
      <ncom:signature>/s/ Maureen Quill</ncom:signature>
      <ncom:signerName>Maureen Quill</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
