X0101 EFFECT 33 LIVE 2017-07-28 13:00:00

N-14

0001083387 KINETICS MUTUAL FUNDS INC 333-218704 0001083387 KINETICS MUTUAL FUNDS INC S000058593 Kinetics Spin-Off and Corporate Restructuring Fund C000192497 Advisor Class A 0001318342 Investment Managers Series Trust S000026125 Horizon Spin-off and Corporate Restructuring Fund C000078267 Class A Shares 0001083387 KINETICS MUTUAL FUNDS INC S000058593 Kinetics Spin-Off and Corporate Restructuring Fund C000192498 Advisor Class C 0001318342 Investment Managers Series Trust S000026125 Horizon Spin-off and Corporate Restructuring Fund C000078268 Class C Shares 0001083387 KINETICS MUTUAL FUNDS INC S000058593 Kinetics Spin-Off and Corporate Restructuring Fund C000192499 Institutional Class 0001318342 Investment Managers Series Trust S000026125 Horizon Spin-off and Corporate Restructuring Fund C000078269 Institutional Class Shares