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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Zacks Dividend Fund</mgmtInvFundName>
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            <securitiesAgentName>BMO Harris Bank N.A.</securitiesAgentName>
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            <investmentAdviserName>Zacks Investment Management, Inc</investmentAdviserName>
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            <transferAgentName>UMB FUND SERVICES, INC.</transferAgentName>
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            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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            <pricingServiceName>INTERCONTINENTAL EXCHANGE, INC.</pricingServiceName>
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            <shareholderServiceAgentName>UMB FUND SERVICES, INC.</shareholderServiceAgentName>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Zacks Market Neutral Fund</mgmtInvFundName>
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            <securitiesAgentName>BMO Harris Bank N.A.</securitiesAgentName>
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        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Zacks Investment Management, Inc</investmentAdviserName>
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            <transferAgentName>UMB FUND SERVICES, INC.</transferAgentName>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>INTERCONTINENTAL EXCHANGE, INC.</pricingServiceName>
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          <admin>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Zacks All-Cap Core Fund</mgmtInvFundName>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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            <transferAgentName>UMB FUND SERVICES, INC.</transferAgentName>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>INTERCONTINENTAL EXCHANGE, INC.</pricingServiceName>
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            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
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        <admins>
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            <adminName>MUTUAL FUND ADMINISTRATION, LLC</adminName>
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          <admin>
            <adminName>UMB FUND SERVICES, INC.</adminName>
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        <brokerDealers>
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            <brokerDealerName>LBMZ SECURITIES, INC.</brokerDealerName>
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    <exchangeSeriesInfo/>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
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    <signature registrantSignedName="INVESTMENT MANAGERS SERIES TRUST" signedDate="2020-01-30" signature="/s/ Terrance P. Gallagher" title="Assistant Vice President"/>
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</edgarSubmission>
