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      <regZipOrPostalCode>532123948</regZipOrPostalCode>
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      <seriesName>WCM China Quality Growth Fund</seriesName>
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      <repPdEnd>2023-12-31</repPdEnd>
      <repPdDate>2023-12-31</repPdDate>
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      <totLiabs>79030.170000000000</totLiabs>
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      <assetsInvested>0.000000000000</assetsInvested>
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        <fairValLevel>1</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>SINOCERA MATERIAL</name>
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        <title>Shandong Sinocera Functional Material Co., Ltd. - Class A</title>
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        <identifiers>
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        <fairValLevel>1</fairValLevel>
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        <name>Shenzhen Mindray Bio-Medical E</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Xi'an Sinofuse Electric Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>FUYAO GLASS</name>
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        <cusip>999999999</cusip>
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          <ticker value="3606 HK"/>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HKEX</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>Hong Kong Exchanges &amp; Clearing Ltd.</title>
        <cusip>999999999</cusip>
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          <ticker value="388 HK"/>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kweichow Moutai Co Ltd</name>
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      <invstOrSec>
        <name>Hundsun Technologies Inc</name>
        <lei>3003003LS77D1DRDDE25</lei>
        <title>Hundsun Technologies, Inc. - Class A</title>
        <cusip>999999999</cusip>
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        <name>Qingdao Hiron Commercial Cold</name>
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        <title>Qingdao Hiron Commercial Cold Chain Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
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          <ticker value="603187C1"/>
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        <name>Warom Technology Inc Co</name>
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        <title>Warom Technology, Inc. Co. - Class A</title>
        <cusip>999999999</cusip>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Eastroc Beverage Group Co Ltd</name>
        <lei>836800LQ338417RCIL29</lei>
        <title>Eastroc Beverage Group Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
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        <name>Techtronic Industries Co Ltd</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>Techtronic Industries Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="HK0669013440"/>
          <ticker value="669 HK"/>
        </identifiers>
        <balance>9528</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8085"/>
        <valUSD>113540.42</valUSD>
        <pctVal>2.4781256458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASYMCHEM</name>
        <lei>8368002CY8G4Q85YRQ60</lei>
        <title>Asymchem Laboratories Tianjin Co., Ltd. - Class H</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE100004Z06"/>
          <ticker value="6821 HK"/>
        </identifiers>
        <balance>10980</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8085"/>
        <valUSD>127960.56</valUSD>
        <pctVal>2.7928586611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qingdao Haier Biomedical Co Lt</name>
        <lei>65560007PZ5ME4672K78</lei>
        <title>Qingdao Haier Biomedical Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE100003P25"/>
          <ticker value="688139C1"/>
        </identifiers>
        <balance>27568</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0922"/>
        <valUSD>157504.77</valUSD>
        <pctVal>3.4376886211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Circuit Fabology Microelectron</name>
        <lei>N/A</lei>
        <title>Circuit Fabology Microelectronics Equipment Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE100005360"/>
          <ticker value="688630C1"/>
        </identifiers>
        <balance>10803</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0922"/>
        <valUSD>130037.52</valUSD>
        <pctVal>2.8381902517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>9950</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8085"/>
        <valUSD>374120.51</valUSD>
        <pctVal>8.1655293369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINESE RENMINBI (YUAN) /</name>
        <lei>N/A</lei>
        <title>CHINESE RENMINBI (YUAN) /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CNY"/>
        </identifiers>
        <balance>174.09</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="CNY" exchangeRt="7.0922"/>
        <valUSD>24.55</valUSD>
        <pctVal>0.0005358267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONG KONG DOLLAR  /</name>
        <lei>N/A</lei>
        <title>HONG KONG DOLLAR  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="HKD"/>
        </identifiers>
        <balance>2043.97</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="HKD" exchangeRt="7.8085"/>
        <valUSD>261.76</valUSD>
        <pctVal>0.0057131563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Jiemei Electronic &amp; T</name>
        <lei>N/A</lei>
        <title>Zhejiang Jiemei Electronic &amp; Technology Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE100002JM7"/>
          <ticker value="002859C2"/>
        </identifiers>
        <balance>46600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0922"/>
        <valUSD>163936.44</valUSD>
        <pctVal>3.5780658222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIA Group Ltd</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd.</title>
        <cusip>Y002A1105</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <ticker value="1299 HK"/>
        </identifiers>
        <balance>27551</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8085"/>
        <valUSD>240103.16</valUSD>
        <pctVal>5.2404755806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PDD Holdings Inc</name>
        <lei>5493000573DS7005T657</lei>
        <title>PDD Holdings, Inc. - ADR</title>
        <cusip>722304102</cusip>
        <identifiers>
          <isin value="US7223041028"/>
          <ticker value="PDD"/>
        </identifiers>
        <balance>876</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128167.56</valUSD>
        <pctVal>2.7973766293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus N.V. - ADR</title>
        <cusip>74365P108</cusip>
        <identifiers>
          <isin value="US74365P1084"/>
          <ticker value="PROSY"/>
        </identifiers>
        <balance>14000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83300</valUSD>
        <pctVal>1.8181002527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB MONEY MARKET II SPECIAL   /</name>
        <lei>N/A</lei>
        <title>UMB MONEY MARKET II SPECIAL   /</title>
        <cusip>SF8888628</cusip>
        <identifiers>
          <ticker value="SMMFIDU"/>
        </identifiers>
        <balance>187729.67</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>187729.67</valUSD>
        <pctVal>4.0973752757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWANESE DOLLAR  /</name>
        <lei>N/A</lei>
        <title>TAIWANESE DOLLAR  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TWD"/>
        </identifiers>
        <balance>3582752</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="30.6905"/>
        <valUSD>116738.14</valUSD>
        <pctVal>2.5479188695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTO Express Cayman Inc</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO Express Cayman, Inc. - ADR</title>
        <cusip>98980A105</cusip>
        <identifiers>
          <isin value="US98980A1051"/>
          <ticker value="ZTO"/>
        </identifiers>
        <balance>4198</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89333.44</valUSD>
        <pctVal>1.9497857123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNBMPLC</name>
        <lei>3003000VY5ALEC09Q824</lei>
        <title>Beijing New Building Materials PLC - Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE000000QS4"/>
          <ticker value="000786C2"/>
        </identifiers>
        <balance>28200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0922"/>
        <valUSD>92884.01</valUSD>
        <pctVal>2.0272802167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H&amp;T INTELLIGENT</name>
        <lei>N/A</lei>
        <title>Shenzhen H&amp;T Intelligent Control Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE100000P51"/>
          <ticker value="002402C2"/>
        </identifiers>
        <balance>59600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0922"/>
        <valUSD>120087.42</valUSD>
        <pctVal>2.6210200318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANGYANG LIMITED</name>
        <lei>300300I9BCYICNBMOY81</lei>
        <title>Hangzhou Oxygen Plant Group Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE100000Q68"/>
          <ticker value="002430C2"/>
        </identifiers>
        <balance>28100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0922"/>
        <valUSD>115732.92</valUSD>
        <pctVal>2.5259790048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>2024-01-22</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>
</edgarSubmission>
