0001145549-22-047275.txt : 20220810
0001145549-22-047275.hdr.sgml : 20220810
20220810165945
ACCESSION NUMBER: 0001145549-22-047275
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20220531
FILED AS OF DATE: 20220810
DATE AS OF CHANGE: 20220810
EFFECTIVENESS DATE: 20220810
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: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21719
FILM NUMBER: 221152534
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
0001318342
S000037462
Bernzott U.S. Small Cap Value Fund
C000115661
Bernzott U.S. Small Cap Value Fund
BSCVX
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0001318342
XXXXXXXX
true
false
false
N-1A
S000037462
true
INVESTMENT MANAGERS SERIES TRUST
811-21719
0001318342
549300ESWU4ZNAH5Y054
235 WEST GALENA STREET
MILWAUKEE
532123948
US-WI
US
4142992000
UMB FUND SERVICES, INC.
235 WEST GALENA STREET
MILWAUKEE
53212
4142992000
TRANSFER AGENT, FUND ACCOUNTANT AND CO-ADMINISTRATOR
MUTUAL FUND ADMINISTRATION, LLC
2220 E. ROUTE 66, SUITE 226
GLENDORA
91740
6269144141
CO-ADMINISTRATOR
UMB BANK, N.A.
928 GRAND BOULEVARD, 5TH FLOOR
KANSAS CITY
64106
8168601142
CUSTODIAN
IMST DISTRIBUTORS, LLC
THREE CANAL PLAZA, SUITE 100
PORTLAND
04101
8662516920
DISTRIBUTOR
Bernzott Capital Advisors
2802 Flintrock Trace, Suite B111
Lakeway
78738
8008562646
INVESTMENT ADVISER
N
N
N-1A
54
Y
CHARLES H. MILLER
N/A
N
ASHLEY TOOMEY RABUN
N/A
N
WILLIAM H. YOUNG
N/A
N
JOHN P. ZADER
N/A
N
ERIC M. BANHAZL
N/A
Y
MAUREEN QUILL
001421521
Y
MARTIN W. DZIURA
N/A
309 WOODRIDGE LANE
MEDIA
19063
XXXXXX
N
N
N
N
N
N
N
IMST DISTRIBUTORS, LLC
8-66389
000130745
N/A
N
N
TAIT, WELLER & BAKER LLP
00445
N/A
N
N
N
N
N
N
N
Bernzott U.S. Small Cap Value Fund
S000037462
549300NKZ31YC2ZDL641
N
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
Y
N
Bernzott Capital Advisors
801-56940
000104583
549300NKZ31YC2ZDL641
N
UMB FUND SERVICES, INC.
084-05792
N/A
Y
N
N
INTERCONTINENTAL EXCHANGE, INC.
5493000F4ZO33MV32P92
N
N
UMB BANK, NATIONAL ASSOCIATION
VNOO6EITDJ2YUEBMSZ83
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
Y
N
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
Y
N
MUTUAL FUND ADMINISTRATION, LLC
N/A
Y
N
N
ROBERTS & RYAN INVESTMENTS INC.
8-37469
000019456
254900A6VIVO4DP1T126
50806.000000000000
RAYMOND JAMES (USA) LTD.
8-42071
000025853
N/A
24546.000000000000
ABEL NOSER, LLC.
8-69809
000284714
549300UQY3DBDP2Y2N55
16499.000000000000
STIFEL, NICOLAUS & COMPANY, INCORPORATED
8-1447
000000793
N/A
4280.000000000000
J.P. MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
4206.000000000000
COWEN AND COMPANY, LLC
8-22522
000007616
549300WR155U7DVMIW58
3953.000000000000
JMP SECURITIES LLC
8-39613
000022208
549300IDHEFHQ741DW68
521.000000000000
PIPER JAFFRAY & CO.
8-15204
000000665
N/A
440.000000000000
105250.000000000000
0.000000000000
N
135049752.760000000000
N
N
N
N
true
INTERNAL CONTROL RPT
2
bernzottauditletter.txt
BERNZOTT AUDIT LETTER
REPORT OF INDEPENDENT
REGISTERED PUBLIC
ACCOUNTING FIRM
To the Shareholders and
Board of Trustees of
Investment Managers Series Trust
Glendora, California 91740
In planning and performing our audit of
the financial statements of the Bernzott
U.S. Small Cap Value Fund as of and
for the year ended May 31, 2022, in
accordance with the standards of the
Public Company Accounting Oversight
Board (United States), we considered
their internal control over financial
reporting, including control activities for
safeguarding securities, as a basis for
designing our auditing procedures for
the purpose of expressing our opinion
on the financial statements and to
comply with the requirements of Form
N-CEN, but not for the purpose of
expressing an opinion on the
effectiveness of the Funds internal
control over financial reporting.
Accordingly, we express no such
opinion.
The management of the Fund is
responsible for establishing and
maintaining effective internal control
over financial reporting. In fulfilling
this responsibility, estimates and
judgments by management are required
to assess the expected benefits and
related costs of controls. A companys
internal control over financial reporting
is a process designed to provide
reasonable assurance regarding the
reliability of financial reporting and the
preparation of financial statements for
external purposes in accordance with
generally accepted accounting
principles. A companys internal control
over financial reporting includes those
policies and procedures that (1) pertain
to the maintenance of records that, in
reasonable detail, accurately and fairly
reflect the transactions and dispositions
of the assets of the company; (2) provide
reasonable assurance that transactions
are recorded as necessary to permit
preparation of financial statements in
accordance with generally accepted
accounting principles, and that receipts
and expenditures of the company are
being made only in accordance with
authorizations of management and
directors of the company; and (3)
provide reasonable assurance regarding
prevention or timely detection of
unauthorized acquisition, use or
disposition of a companys assets that
could have a material effect on the
financial statements.
Because of inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are
subject to the risk that controls may
become inadequate because of changes
in conditions, or that the degree of
compliance with the policies or
procedures may deteriorate.
A deficiency in internal control over
financial reporting exists when the
design or operation of a control does not
allow management or employees, in the
normal course of performing their
assigned functions, to prevent or detect
misstatements on a timely basis. A
material weakness is a deficiency, or
combination of deficiencies, in internal
control over financial reporting, such
that there is a reasonable possibility that
a material misstatement of the companys
annual or interim financial statements
will not be prevented or detected on a
timely basis.
To the Shareholders and
Board of Trustees of
Investment Managers Series Trust
Page Two
Our consideration of the Funds internal
control over financial reporting was for
the limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal
control that might be material
weaknesses under standards established
by the Public Company Accounting
Oversight Board (United States).
However, we noted no deficiencies in
the Funds internal control over financial
reporting and its operation, including
controls for safeguarding securities,
which we consider to be material
weaknesses, as defined above, as of
May 31, 2022.
This report is intended solely for the
information and use of management,
Shareholders and Board of Trustees of
Investment Managers Series Trust and
the Securities and Exchange
Commission, and is not intended to be
and should not be used by anyone other
than these specified parties.
/s/TAIT, WELLER & BAKER
LLP
Philadelphia, Pennsylvania
July 21, 2022