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Trending ETFs

Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.67

$55.6 M

0.00%

1.47%

Vitals

YTD Return

-0.2%

1 yr return

6.8%

3 Yr Avg Return

0.0%

5 Yr Avg Return

1.3%

Net Assets

$55.6 M

Holdings in Top 10

36.0%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.47%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.67

$55.6 M

0.00%

1.47%

EPIBX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    EuroPac International Bond Fund
  • Fund Family Name
    INVESTMENT MANAGERS SERIES TRUST
  • Inception Date
    Nov 15, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Nelson

Fund Description

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in bonds issued by companies located in Europe or the Pacific Rim. The Fund’s advisor considers a country to be part of Europe if it is included in one of the MSCI European indexes and part of the Pacific Rim if any of its borders touches the Pacific Ocean. The advisor considers a company to be located in Europe or the Pacific Rim if (1) the company is organized under the laws of a country that is a part of Europe or the Pacific Rim or has its principal office in a country that is a part of Europe or the Pacific Rim; (2) at the time of investment, the company derived a significant portion (i.e., 50% or more) of its total revenues during its most recent completed fiscal year from business activities in Europe or the Pacific Rim; or (3) the company’s equity securities are traded principally on stock exchanges or over-the-counter markets in Europe or the Pacific Rim. The Fund will invest primarily in bonds issued by non-U.S. companies. The advisor considers a company to be a non-U.S. company if (1) the company is organized under the laws of a country, or has its principal office in a country, other than the United States; (2) at the time of investment, the company derived at least 50% of its total revenues during its most recent completed fiscal year from business activities outside of the United States; or (3) the company’s equity securities are traded principally on stock exchanges or over-the-counter markets outside of the United States.

Fixed income securities in which the Fund may invest include developed and emerging market debt obligations of governments, their agencies and instrumentalities, asset-backed securities, investment grade and below investment grade (commonly known as “junk bonds”) corporate debt obligations, and convertible bonds. Corporate debt obligations include corporate bonds, debentures, notes and other similar instruments. Although the Fund may invest in fixed income securities rated in any category, it will primarily invest in investment grade securities. Investment grade fixed income securities include securities rated BBB- or higher by Standard & Poor’s Corporation (“S&P”) or Baa3 or higher by Moody’s Investors Service, Inc. (“Moody’s”) or, if unrated by S&P and Moody’s, determined by the Fund’s advisor to be of comparable credit quality. The Fund may invest in securities, including sovereign debt securities, denominated in U.S. dollars or in foreign currencies.

The securities in which the Fund invests may pay interest at fixed rates, variable rates, or subject to reset terms. In addition, these securities may make principal payments that are fixed, variable or both. There is no limit on the maturity of any security held by the Fund. Although the Fund’s advisor expects to maintain an intermediate- to long-term

weighted average maturity for the Fund, there are no maturity restrictions on the overall portfolio or on individual securities. The Fund may invest in large-, mid-, and small-capitalization companies issuing fixed income securities. In addition, the Fund may use derivatives, such as forward contracts and currency and interest rate swaps, as a hedge (to offset risks associated with an investment, currency exposure, or market conditions) and to earn income and enhance returns.

The Fund’s advisor first selects foreign currency compositions based on an evaluation of various macroeconomic factors including, but not limited to, relative interest rates, exchange rates, monetary and fiscal policies, and trade and current account balances. Once the advisor establishes currency compositions, it then selects fixed income securities that it believes offer attractive income and/or capital appreciation potential with a reasonable level of risk. The Fund generally invests where relative combinations of fixed income returns and currency exchange rates appear attractive. The Fund’s advisor may sell securities for a variety of reasons, but in most cases in order to adjust the portfolio’s average maturity, credit quality or yield, or to change geographic or currency exposures.

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EPIBX - Performance

Return Ranking - Trailing

Period EPIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -59.5% 0.9% 19.90%
1 Yr 6.8% -15.5% 19.7% 12.98%
3 Yr 0.0%* -4.3% 4.2% 32.84%
5 Yr 1.3%* -2.5% 4.1% 41.49%
10 Yr -0.5%* -3.0% 2.7% 94.29%

* Annualized

Return Ranking - Calendar

Period EPIBX Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -15.2% 0.9% 20.50%
2022 -7.3% -10.9% 12.2% 44.33%
2021 -4.6% -10.8% 14.8% 43.23%
2020 6.3% -15.3% 0.6% 57.23%
2019 5.1% -44.4% 14.4% 7.98%

Total Return Ranking - Trailing

Period EPIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -59.5% 0.9% 15.05%
1 Yr 6.8% -16.6% 30.5% 45.97%
3 Yr 0.0%* -5.2% 10.9% 68.12%
5 Yr 1.3%* -2.8% 7.4% 67.53%
10 Yr -0.5%* -3.0% 3.6% 95.03%

* Annualized

Total Return Ranking - Calendar

Period EPIBX Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% -15.2% 0.9% 20.50%
2022 -7.3% -10.9% 12.2% 44.33%
2021 -4.6% -10.8% 14.8% 43.23%
2020 7.4% -15.3% 3.8% 39.31%
2019 5.1% -44.4% 14.4% 16.56%

NAV & Total Return History


EPIBX - Holdings

Concentration Analysis

EPIBX Category Low Category High EPIBX % Rank
Net Assets 55.6 M 74.5 K 14.7 B 83.82%
Number of Holdings 57 4 4562 89.57%
Net Assets in Top 10 19.9 M -112 M 3.66 B 65.40%
Weighting of Top 10 35.98% 4.7% 100.0% 54.81%

Top 10 Holdings

  1. Federated Hermes Treasury Obligations Fund - Class Institutional USD INC 5.13%
  2. Brazilian Government International Bond 4.72%
  3. Kreditanstalt fuer Wiederaufbau 4.37%
  4. Export-Import Bank of Korea 4.06%
  5. Philippine Government International Bond 3.47%
  6. Colombia Government International Bond 3.38%
  7. Asian Development Bank 2.78%
  8. European Investment Bank 2.77%
  9. European Bank for Reconstruction Development 2.71%
  10. Canadian Government Bond 2.57%

Asset Allocation

Weighting Return Low Return High EPIBX % Rank
Bonds
91.89% 0.00% 220.33% 73.93%
Cash
8.11% -130.07% 95.62% 27.01%
Convertible Bonds
2.45% 0.00% 11.19% 28.44%
Stocks
0.00% 0.00% 7.47% 72.99%
Preferred Stocks
0.00% 0.00% 2.87% 64.45%
Other
0.00% -9.71% 100.00% 7.58%

Stock Sector Breakdown

Weighting Return Low Return High EPIBX % Rank
Basic Materials
100.00% 0.00% 100.00% 3.23%
Utilities
0.00% 0.00% 91.33% 66.13%
Technology
0.00% 0.00% 21.64% 62.90%
Real Estate
0.00% 0.00% 3.17% 62.90%
Industrials
0.00% 0.00% 11.80% 67.74%
Healthcare
0.00% 0.00% 9.46% 66.13%
Financial Services
0.00% 0.00% 100.00% 75.81%
Energy
0.00% 0.00% 100.00% 80.65%
Communication Services
0.00% 0.00% 56.19% 66.13%
Consumer Defense
0.00% 0.00% 34.30% 66.13%
Consumer Cyclical
0.00% 0.00% 27.00% 66.13%

Stock Geographic Breakdown

Weighting Return Low Return High EPIBX % Rank
US
0.00% 0.00% 6.55% 70.14%
Non US
0.00% 0.00% 1.77% 60.66%

Bond Sector Breakdown

Weighting Return Low Return High EPIBX % Rank
Government
52.41% 0.30% 99.47% 44.71%
Corporate
30.18% 0.00% 98.62% 22.12%
Cash & Equivalents
6.33% 0.00% 95.62% 12.50%
Derivative
0.00% 0.00% 74.77% 79.81%
Securitized
0.00% 0.00% 52.02% 94.23%
Municipal
0.00% 0.00% 7.95% 73.08%

Bond Geographic Breakdown

Weighting Return Low Return High EPIBX % Rank
Non US
90.26% 0.00% 112.80% 21.80%
US
1.63% -5.52% 107.53% 81.99%

EPIBX - Expenses

Operational Fees

EPIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.47% 0.02% 3.65% 23.92%
Management Fee 0.60% 0.00% 2.08% 73.66%
12b-1 Fee 0.25% 0.00% 1.00% 44.44%
Administrative Fee N/A 0.01% 0.45% 71.69%

Sales Fees

EPIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.00% 28.57%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EPIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 66.67%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EPIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 6.00% 354.00% 2.96%

EPIBX - Distributions

Dividend Yield Analysis

EPIBX Category Low Category High EPIBX % Rank
Dividend Yield 0.00% 0.00% 17.40% 66.82%

Dividend Distribution Analysis

EPIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

EPIBX Category Low Category High EPIBX % Rank
Net Income Ratio 2.88% -1.08% 5.77% 12.25%

Capital Gain Distribution Analysis

EPIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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EPIBX - Fund Manager Analysis

Managers

James Nelson


Start Date

Tenure

Tenure Rank

Nov 15, 2010

11.55

11.6%

James Nelson, CFA, Managing Member and Portfolio Manager of Euro Pacific Asset Management, has served as the portfolio manager of the Fund since its inception. From 2000 through August 2007, Mr. Nelson served as a financial controller with the U.S. Air Force. From July 2007 through September 2008, Mr. Nelson was employed by ROTH Capital Partners as an Associate Equity Research Analyst within the Security and Financial Technology Industries. Since November 2008, Mr. Nelson has served in various roles, including portfolio manager for Euro Pacific Capital and helped form their Wealth Management business. Mr. Nelson also helped form Euro Pacific Asset Management (an affiliate of Euro Pacific Capital) in 2009.

Stephen Kleckner


Start Date

Tenure

Tenure Rank

Jan 31, 2013

9.33

9.3%

Stephen Kleckner, CAIA, Portfolio Manager, joined Euro Pacific Asset Management in 2010, and has served as Co-Portfolio Manager of the EuroPac International Bond Fund since January 2013. In his previous role, he was assistant Portfolio Manager of the fund, and Senior Analyst of the International Equity Strategies. From September 2008 to November 2010, he was a trader at Westwood Management, an institutional asset manager, trading fixed income securities, and advising the investment team on various credit markets. Prior to Westwood, he was employed at APS Capital, sourcing and facilitating trades of distressed private debt instruments across international markets for the firm’s institutional clients. He completed his Bachelor's Degree in Economics at The University of Texas at Austin.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67