<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/twentyfourf2filer" xmlns:com="http://www.sec.gov/edgar/common" xmlns:feec="http://www.sec.gov/edgar/feecommon">
  <schemaVersion>X0101</schemaVersion>
  <headerData>
    <submissionType>24F-2NT</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <!--Field: Pseudo-Tag; ID: Name; Data: Investment Managers Series Trust-->
          <cik>0001318342</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>333-122901</fileNumber>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <annualFilings>
      <annualFilingInfo>
        <item1>
          <nameOfIssuer>Investment Managers Series Trust</nameOfIssuer>
          <addressOfIssuer>
            <street1>235 West Galena Street</street1>
            <city>Milwaukee</city>
            <state>WI</state>
            <country>X1</country>
            <zipCode>53212</zipCode>
          </addressOfIssuer>
        </item1>
        <item2>
          <reportSeriesClass>
            <rptSeriesClassInfo>
              <seriesName>WCM Focused International Growth Fund</seriesName>
              <seriesId>S000032897</seriesId>
              <classInfo>
                <className>Institutional Class</className>
                <classId>C000101539</classId>
              </classInfo>
              <classInfo>
                <className>Investor Class</className>
                <classId>C000104483</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM Focused Emerging Markets Fund</seriesName>
              <seriesId>S000041213</seriesId>
              <classInfo>
                <className>Institutional Class</className>
                <classId>C000127811</classId>
              </classInfo>
              <classInfo>
                <className>Investor Class</className>
                <classId>C000127812</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM Focused Global Growth Fund</seriesName>
              <seriesId>S000041214</seriesId>
              <classInfo>
                <className>Institutional Class</className>
                <classId>C000127813</classId>
              </classInfo>
              <classInfo>
                <className>Investor Class</className>
                <classId>C000127814</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM International Small Cap Growth Fund</seriesName>
              <seriesId>S000051068</seriesId>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000160892</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM Focused Small Cap Fund</seriesName>
              <seriesId>S000066861</seriesId>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000215233</classId>
              </classInfo>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000215234</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM Small Cap Growth Fund</seriesName>
              <seriesId>S000066862</seriesId>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000215235</classId>
              </classInfo>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000215236</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM China Quality Growth Fund</seriesName>
              <seriesId>S000068293</seriesId>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000218621</classId>
              </classInfo>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000218622</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM Developing World Equity Fund</seriesName>
              <seriesId>S000068294</seriesId>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000218623</classId>
              </classInfo>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000218624</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM International Equity Fund</seriesName>
              <seriesId>S000068295</seriesId>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000218625</classId>
              </classInfo>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000218626</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM Focused International Value Fund</seriesName>
              <seriesId>S000068910</seriesId>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000220167</classId>
              </classInfo>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000220168</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM Focused International Opportunities Fund</seriesName>
              <seriesId>S000071190</seriesId>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000225976</classId>
              </classInfo>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000225977</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>WCM International Long-Term Growth Fund</seriesName>
              <seriesId>S000071191</seriesId>
              <classInfo>
                <className>Institutional Class Shares</className>
                <classId>C000225978</classId>
              </classInfo>
              <classInfo>
                <className>Investor Class Shares</className>
                <classId>C000225979</classId>
              </classInfo>
            </rptSeriesClassInfo>
          </reportSeriesClass>
        </item2>
        <item3>
          <investmentCompActFileNo>811-21719</investmentCompActFileNo>
          <securitiesActFileNumbers>
            <securitiesActFileNo>
              <fileNumber>333-122901</fileNumber>
            </securitiesActFileNo>
          </securitiesActFileNumbers>
        </item3>
        <item4>
          <lastDayOfFiscalYear>04/30/2022</lastDayOfFiscalYear>
        </item4>
        <item5>
          <aggregateSalePriceOfSecuritiesSold>10179470561.00</aggregateSalePriceOfSecuritiesSold>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>7866175146.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>0.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>
          <totalAvailableRedemptionCredits>7866175146.00</totalAvailableRedemptionCredits>
          <netSales>2313295415.00</netSales>
          <redemptionCreditsAvailableForUseInFutureYears>0.00</redemptionCreditsAvailableForUseInFutureYears>
          <multiplierForDeterminingRegistrationFee>0.000092700</multiplierForDeterminingRegistrationFee>
          <registrationFeeDue>214442.48</registrationFeeDue>
        </item5>
        <item7>
          <interestDue>0.00</interestDue>
        </item7>
        <item8>
          <totalOfRegistrationFeePlusAnyInterestDue>214442.48</totalOfRegistrationFeePlusAnyInterestDue>
        </item8>
        <signature>
          <signature>/s/ Rita Dam</signature>
          <nameAndTitle>Rita Dam, Treasurer and Principal Financial Officer</nameAndTitle>
          <signatureDate>07/20/2022</signatureDate>
        </signature>
      </annualFilingInfo>
    </annualFilings>
  </formData>
</edgarSubmission>
