<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2019-09-16</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>13:30:00</finalEffectivenessDispTime>
        <form>N-14</form>
        <filer>
            <cik>0001511699</cik>
            <entityName>Managed Portfolio Series</entityName>
            <fileNumber>333-232423</fileNumber>
            <seriesClassContractData>
                <merger>
                    <acquiringCik>0001511699</acquiringCik>
                    <acquiringEntityName>Managed Portfolio Series</acquiringEntityName>
                    <acquiringSeriesId>S000066176</acquiringSeriesId>
                    <acquiringSeriesName>Tortoise MLP &amp; Energy Income Fund</acquiringSeriesName>
                    <acquiringClassContractId>C000213860</acquiringClassContractId>
                    <acquiringClassContractName>Institutional Class Shares</acquiringClassContractName>
                    <targetCik>0001318342</targetCik>
                    <targetEntityName>Investment Managers Series Trust</targetEntityName>
                    <targetSeriesId>S000030683</targetSeriesId>
                    <targetSeriesName>Advisory Research MLP &amp; Energy Income Fund</targetSeriesName>
                    <targetClassContractId>C000095081</targetClassContractId>
                    <targetClassContractName>Class I</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0001511699</acquiringCik>
                    <acquiringEntityName>Managed Portfolio Series</acquiringEntityName>
                    <acquiringSeriesId>S000066176</acquiringSeriesId>
                    <acquiringSeriesName>Tortoise MLP &amp; Energy Income Fund</acquiringSeriesName>
                    <acquiringClassContractId>C000213861</acquiringClassContractId>
                    <acquiringClassContractName>A Class Shares</acquiringClassContractName>
                    <targetCik>0001318342</targetCik>
                    <targetEntityName>Investment Managers Series Trust</targetEntityName>
                    <targetSeriesId>S000030683</targetSeriesId>
                    <targetSeriesName>Advisory Research MLP &amp; Energy Income Fund</targetSeriesName>
                    <targetClassContractId>C000095080</targetClassContractId>
                    <targetClassContractName>Class A</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0001511699</acquiringCik>
                    <acquiringEntityName>Managed Portfolio Series</acquiringEntityName>
                    <acquiringSeriesId>S000066176</acquiringSeriesId>
                    <acquiringSeriesName>Tortoise MLP &amp; Energy Income Fund</acquiringSeriesName>
                    <acquiringClassContractId>C000213862</acquiringClassContractId>
                    <acquiringClassContractName>C Class Shares</acquiringClassContractName>
                    <targetCik>0001318342</targetCik>
                    <targetEntityName>Investment Managers Series Trust</targetEntityName>
                    <targetSeriesId>S000030683</targetSeriesId>
                    <targetSeriesName>Advisory Research MLP &amp; Energy Income Fund</targetSeriesName>
                    <targetClassContractId>C000112519</targetClassContractId>
                    <targetClassContractName>Class C</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0001511699</acquiringCik>
                    <acquiringEntityName>Managed Portfolio Series</acquiringEntityName>
                    <acquiringSeriesId>S000066177</acquiringSeriesId>
                    <acquiringSeriesName>Tortoise MLP &amp; Energy Infrastructure Fund</acquiringSeriesName>
                    <acquiringClassContractId>C000213863</acquiringClassContractId>
                    <acquiringClassContractName>Institutional Class Shares</acquiringClassContractName>
                    <targetCik>0001318342</targetCik>
                    <targetEntityName>Investment Managers Series Trust</targetEntityName>
                    <targetSeriesId>S000030394</targetSeriesId>
                    <targetSeriesName>Advisory Research MLP &amp; Energy Infrastructure Fund</targetSeriesName>
                    <targetClassContractId>C000144594</targetClassContractId>
                    <targetClassContractName>Class I</targetClassContractName>
                </merger>
            </seriesClassContractData>
        </filer>
    </effectiveData>
</edgarSubmission>
