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            <custodianCountry>HK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
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          </custodian>
          <custodian>
            <custodianName>STANDARD CHARTERED BANK, JOHANNESBURG BRANCH</custodianName>
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            <custodianCountry>ZA</custodianCountry>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>BROWN BROTHERS HARRIMAN &amp; CO.</shareholderServiceAgentName>
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            <shareholderServiceIdNumberDesc>LEI</shareholderServiceIdNumberDesc>
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            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>BANC OF AMERICA SECURITIES LLC</brokerName>
            <brokerFileNo>8-42263</brokerFileNo>
            <brokerCrdNo>000026091</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>224257.400000000000</grossCommission>
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        <aggregateCommission>224257.400000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>BANC OF AMERICA SECURITIES LLC</principalName>
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        <principalAggregatePurchase>199173777.660000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>128464635.460000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <exchangeSeriesInfo>
      <exchangeTradedFund>
        <fundName>Knowledge Leaders Developed World ETF</fundName>
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        <securityExchanges>
          <securityExchange fundExchange="ARCX" fundsTickerSymbol="KLDW"/>
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        <authorizedParticipants>
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        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>50000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>50000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>0.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>8.430000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.070000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>91.570000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.070000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>0.000000000000</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>1800.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>0.000000000000</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>0.000000000000</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>1800.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>0.000000000000</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>0.000000000000</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>1800.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>0.000000000000</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>0.000000000000</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>1800.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>0.000000000000</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>Y</isInKindETF>
      </exchangeTradedFund>
    </exchangeSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="INVESTMENT MANAGERS SERIES TRUST" signedDate="2024-07-12" signature="/s/ Timothy M. Bonin" title="Senior Vice President"/>
  </formData>
</edgarSubmission>
