Investment Managers Series Trust NPORTP Robinson Tax Advantaged Income Fund (Sep 2024 report)

Robinson Tax Advantaged Income Fund

SCHEDULE OF INVESTMENTS

As of September 30, 2024 (Unaudited)

Number of Shares			Value
		CLOSED-END FUNDS — 97.7%
	137,994	BlackRock California Municipal Income Trust	$	1,668,347
	60,361	BlackRock Investment Quality Municipal Trust, Inc.		779,864
	149,525	BlackRock Municipal Income Quality Trust		1,800,281
	1,173,716	BlackRock Municipal Income Trust		12,406,178
	1,027,479	BlackRock Municipal Income Trust II		11,569,414
	773,617	BlackRock MuniHoldings California Quality Fund, Inc.		8,912,068
	318,914	BlackRock MuniHoldings Fund, Inc.		4,034,262
	480,870	BlackRock MuniHoldings New Jersey Quality Fund, Inc.		5,832,953
	178,564	BlackRock MuniHoldings New York Quality Fund, Inc.		1,992,774
	371,768	BlackRock MuniHoldings Quality Fund II, Inc.		3,974,200
	565,944	BlackRock MuniVest Fund II, Inc.		6,446,102
	960,976	BlackRock MuniVest Fund, Inc.		7,303,418
	89,920	BlackRock MuniYield Fund, Inc.		1,027,786
	685,800	BlackRock MuniYield Michigan Quality Fund, Inc.		8,236,458
	462,946	BlackRock MuniYield New York Quality Fund, Inc.		4,990,558
	590,480	BlackRock MuniYield Quality Fund II, Inc.		6,388,994
	351,444	BlackRock MuniYield Quality Fund III, Inc.		4,217,328
	57,894	BlackRock New York Municipal Income Trust		636,834
	144,068	DWS Municipal Income Trust		1,436,358
	36,821	Eaton Vance California Municipal Bond Fund		355,323
	125,817	Eaton Vance Municipal Bond Fund		1,353,791
	452,537	Eaton Vance Municipal Income Trust		4,964,331
	1,113,868	Invesco Advantage Municipal Income Trust II		10,370,111
	134,811	Invesco California Value Municipal Income Trust		1,468,092
	1,177,716	Invesco Municipal Opportunity Trust		12,095,143
	836,529	Invesco Municipal Trust		8,582,788
	692,642	Invesco Quality Municipal Income Trust		7,231,182
	956,272	Invesco Trust for Investment Grade Municipals		10,098,232
	242,841	Invesco Trust for Investment Grade New York Municipals		2,799,957
	538,144	Invesco Value Municipal Income Trust		6,931,295
	234,306	MFS Municipal Income Trust		1,340,230
	1,164,114	Nuveen AMT-Free Municipal Credit Income Fund		15,587,486
	1,165,009	Nuveen AMT-Free Quality Municipal Income Fund		13,945,158
	140,212	Nuveen Arizona Quality Municipal Income Fund		1,657,306
	610,396	Nuveen California Quality Municipal Income Fund		7,257,608
	1,251,172	Nuveen Municipal Credit Income Fund		16,390,353
	608,420	Nuveen Municipal Credit Opportunities Fund		7,100,261
	54,017	Nuveen New Jersey Quality Municipal Income Fund		704,382
	201,004	Nuveen New York AMT-Free Quality Municipal Income Fund		2,251,245
	152,408	Nuveen New York Quality Municipal Income Fund		1,796,890
	137,241	Nuveen Pennsylvania Quality Municipal Income Fund		1,731,981
	1,347,447	Nuveen Quality Municipal Income Fund		16,681,394
	58,483	Nuveen Virginia Quality Municipal Income Fund		762,033
	17,825	PIMCO California Municipal Income Fund		177,537

Robinson Tax Advantaged Income Fund

SCHEDULE OF INVESTMENTS - Continued

As of September 30, 2024 (Unaudited)

Number of Shares			Value
		CLOSED-END FUNDS (Continued)
	76,316	PIMCO New York Municipal Income Fund II	$	602,133
	50,981	Pioneer Municipal High Income Advantage Fund, Inc.		450,672
	9,905	Pioneer Municipal High Income Opportunities Fund, Inc.		122,822
	388,670	Putnam Managed Municipal Income Trust		2,530,242
	70,774	RiverNorth Managed Duration Municipal Income Fund, Inc.		1,137,338
	37,776	RiverNorth Opportunistic Municipal Income Fund, Inc.		616,882
	473,096	Western Asset Managed Municipals Fund, Inc.		5,128,361
		TOTAL CLOSED-END FUNDS
		(Cost $ 231,288,302)		257,876,736

Principal Amount
		SHORT-TERM INVESTMENTS — 0.9%
$	2,353,945	UMB Bank, Institutional Banking Money Market II Deposit Investment, 4.29%¹		2,353,945
		TOTAL SHORT-TERM INVESTMENTS
		(Cost $ 2,353,945)		2,353,945
		TOTAL INVESTMENTS — 98.6%
		(Cost $233,642,247)		260,230,681
		Other Assets in Excess of Liabilities — 1.4%		3,692,804
		TOTAL NET ASSETS — 100.0%	$	263,923,485

The rate is the annualized seven-day yield at period end.

Robinson Tax Advantaged Income Fund

SCHEDULE OF INVESTMENTS - Continued

As of September 30, 2024 (Unaudited)

FUTURES CONTRACTS


Number of						Value/Unrealized
Contracts		Expiration	Notional			Appreciation
Long (Short)	Description	Date	Value			(Depreciation)

(300)	U.S. 10 Year Treasury Note	December 2024		(34,284,375	)	$	79,718
(200)	U.S. Treasury Long Bond	December 2024		(24,837,500	)		193,750
(100)	Ultra Long Term U.S. Treasury Bond	December 2024		(13,309,375	)		155,469

TOTAL FUTURES CONTRACTS				(72,431,250	)	$	428,937

Robinson Opportunistic Income Fund

SCHEDULE OF INVESTMENTS

As of September 30, 2024 (Unaudited)

Number of Shares			Value
		CLOSED-END FUNDS — 80.1%
	54,802	Allspring Utilities and High Income Fund	$	611,590
	20,575	BlackRock Taxable Municipal Bond Trust		366,647
	41,759	Blackstone Strategic Credit 2027 Term Fund		514,471
	45,102	Brookfield Real Assets Income Fund, Inc.		617,898
	31,443	Eaton Vance Tax Managed Global Buy Write Opportunities Fund		272,925
	22,866	Eaton Vance Tax-Managed Buy-Write Income Fund		329,956
	17,089	Eaton Vance Tax-Managed Buy-Write Opportunities Fund		235,828
	54,708	Flaherty & Crumrine Preferred & Income Fund, Inc.		653,761
	15,003	Flaherty & Crumrine Preferred & Income Securities Fund, Inc.		246,199
	37,800	Flaherty & Crumrine Preferred and Income Opportunity Fund, Inc.		355,698
	83,152	FS Credit Opportunities Corp.		528,015
	8,580	John Hancock Investors Trust		120,635
	25,354	Nuveen Mortgage and Income Fund		467,274
	38,987	PGIM Short Duration High Yield Opportunities Fund		651,863
	43,288	Principal Real Estate Income Fund		483,657
	13,140	Tortoise Midstream Energy Fund, Inc.		624,544
	124,644	Virtus Convertible & Income Fund		436,254
	141,248	Virtus Convertible & Income Fund II		439,281
	40,000	Western Asset Diversified Income Fund		627,200
	87,300	Western Asset High Income Fund II, Inc.		393,723
	36,876	Western Asset Mortgage Opportunity Fund, Inc.		441,406
		TOTAL CLOSED-END FUNDS
		(Cost $ 8,570,545)		9,418,825
		COMMON STOCKS — 9.9%
		SPECIFIED PURPOSE ACQUISITION COMPANIES – 9.9%
	12,000	Alchemy Investments Acquisition Corp. 1^*,1		130,620
	20,000	Berenson Acquisition Corp. I - Class A^*		212,800
	5,000	Bowen Acquisition Corp.^*,1		53,825
	20,000	BurTech Acquisition Corp. - Class A^*		225,600
	20,000	Gores Holdings IX, Inc. - Class A^*		211,900
	5,000	Haymaker Acquisition Corp. 4^*,1		53,300
	16,447	Hennessy Capital Investment Corp. VI - Class A^*		189,469
	7,000	Inflection Point Acquisition Corp. II - Class A^*,1		75,180
	20,000	Northern Star Investment Corp. IV - Class A		—
	1,062	Roth CH Acquisition V Co.^*		11,974
				1,164,668
		TOTAL COMMON STOCKS
		(Cost $ 1,290,069)		1,164,668
		EXCHANGE-TRADED FUNDS — 4.0%
	19,750	iShares Mortgage Real Estate ETF		468,667
		TOTAL EXCHANGE-TRADED FUNDS
		(Cost $ 443,002)		468,667

Robinson Opportunistic Income Fund

SCHEDULE OF INVESTMENTS - Continued

As of September 30, 2024 (Unaudited)

Number of Shares			Value
		RIGHTS — 0.0%
	5,000	Bowen Acquisition Corp., Expiration Date: November 26, 2026^*,1	$	941
		TOTAL RIGHTS
		(Cost $ 0)		941
		WARRANTS — 0.0%
	6,000	Alchemy Investments Acquisition Corp. 1, Expiration Date: June 26, 2028^*,1		559
	15,310	Electriq Power Holdings, Inc., Expiration Date: January 25, 2028^*		—
	11,805	Estrella Immunopharma, Inc., Expiration Date: July 18, 2028^*		826
	4,557	Getaround, Inc., Expiration Date: December 31, 2027^*		23
	2,500	Haymaker Acquisition Corp. 4, Expiration Date: September 12, 2028^*,1		425
	3,500	Inflection Point Acquisition Corp. II, Expiration Date: July 17, 2028^*,1		836
	3,703	Northern Star Investment Corp. III, Expiration Date: February 24, 2028^*		—
	5,000	QT Imaging Holdings, Inc., Expiration Date: December 31, 2028^*		55
	3,333	Stardust Power, Inc., Expiration Date: December 30, 2027^*		1,367
		TOTAL WARRANTS
		(Cost $ 0)		4,091

Principal Amount
		SHORT-TERM INVESTMENTS — 4.7%
$	545,599	UMB Bank, Institutional Banking Money Market II Deposit Investment, 4.29%²		545,599
		TOTAL SHORT-TERM INVESTMENTS
		(Cost $ 545,599)		545,599
		TOTAL INVESTMENTS — 98.7%
		(Cost $10,849,215)		11,602,791
		Other Assets in Excess of Liabilities — 1.3%		150,583
		TOTAL NET ASSETS — 100.0%	$	11,753,374

ETF – Exchange-Traded Fund

Non-income producing security.

Foreign security denominated in U.S. Dollars.

The rate is the annualized seven-day yield at period end.

Robinson Opportunistic Income Fund

SCHEDULE OF INVESTMENTS - Continued

As of September 30, 2024 (Unaudited)

FUTURES CONTRACTS


Number of						Value/Unrealized
Contracts		Expiration	Notional			Appreciation
Long (Short)	Description	Date	Value			(Depreciation)
(2)	E-mini Dow ($5)	December 2024		(426,430	)	$	(7,280	)
(4)	E-mini Russell 1000	December 2024		(377,040	)		(6,540	)
(5)	U.S. 10 Year Treasury Note	December 2024		(571,406	)		1,329

TOTAL FUTURES CONTRACTS				(1,374,876	)	$	(12,491	)

Investment Managers Series Trust (EPHCX) NPORT-PRobinson Tax Advantaged Income Fund (Sep 2024 report)