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Trending ETFs

Name

As of 10/08/2024

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

$10.00

$36.9 M

0.42%

$0.04

2.05%

Vitals

YTD Return

4.3%

1 yr return

22.8%

3 Yr Avg Return

-5.2%

5 Yr Avg Return

N/A

Net Assets

$36.9 M

Holdings in Top 10

32.4%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

$100,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

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

$10.00

$36.9 M

0.42%

$0.04

2.05%

WCMOX - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return -5.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.28%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    WCM Focused International Opportunities Fund
  • Fund Family Name
    INVESTMENT MANAGERS SERIES TRUST
  • Inception Date
    Mar 30, 2021
  • Shares Outstanding
    3595369
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Ise

Fund Description

Under normal circumstances, the Fund invests primarily in equity securities or depositary receipts of small- to mid-capitalization companies domiciled outside of the United States, including companies located in emerging market or frontier market countries. Emerging market or frontier market countries are those countries with low- to middle-income economies as classified by the World Bank, or included in any of the Morgan Stanley Capital International (MSCI) emerging markets or frontier market indices. The Fund’s advisor considers a company to be located in a country if the company has been organized under the laws of, has its principal offices in, or has its securities principally traded in, the country, or if the company derives at least 50% of its revenues or net profits from, or has at least 50% of its assets or production capacities in, the country. The Fund’s advisor considers small- to mid-capitalization companies to be companies with market capitalizations within the range of those companies included in the MSCI ACWI Ex USA SMID Cap Index at the time of purchase. Because small- to mid-capitalization companies are defined by reference to an index, the range of market capitalizations of companies in which the Fund invests may vary with market conditions. As of March 31, 2024, the market capitalizations of companies included in the MSCI ACWI Ex USA SMID Cap Index were between $0.00 million and $30.67 billion. The Fund’s advisor will consider the market capitalization range by country. Investments in companies that move above or below the capitalization range of the MSCI ACWI Ex USA SMID Cap Index may continue to be held by the Fund in the sole discretion of the Fund’s advisor.

The Fund’s investments in equity securities may include common stock, common stock that is offered in initial public offerings (“IPOs”), depositary receipts and China A-shares (“China A-Shares” or “A-Shares”). The Fund’s investments in depositary receipts may include American, European, Canadian and Global Depositary Receipts (“ADRs”, “EDRs”, “CDRs” and “GDRs”, respectively). ADRs and CDRs are receipts that represent interests in foreign securities held on deposit by U.S. and Canadian banks or trust companies, respectively. EDRs and GDRs have the same qualities as ADRs, although they may be traded in several international trading markets. China A-Shares are equity securities issued by companies located in the People’s Republic of China (“China” or the “PRC”) that are denominated and traded in Renminbi (“RMB”) on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Fund may invest in China A-Shares through the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect programs (collectively, “Stock Connect”), or through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor systems (collectively, the “QFII Programs”). The Fund may also invest in real estate investment trusts (“REITs”). The Fund

may also use participation certificates issued by foreign banks or brokers evidencing ownership of underlying stock issued by a foreign company. Participation certificates are used by foreign investors to access local markets and to gain exposure to, primarily, equity securities of issuers listed on a local exchange. For purposes of the Fund’s 80% policy described above, participation certificates are classified according to their underlying or referenced security.

Under normal market conditions, the Fund invests in the securities of companies located in different countries and in at least three different countries. However, from time to time, the Fund may have a significant portion of its assets invested in the securities of companies in one or a few countries or regions. The Fund may make significant investments in certain sectors or group of sectors from time to time. The Fund will be managed pursuant to a “focused” strategy, whereby the Fund’s advisor will typically invest the Fund’s assets in the equity securities of a small number of issuers.

The Fund’s advisor uses a bottom-up approach that seeks to identify companies believed to have above-average potential for growth in the rate of return on invested capital and assets. The advisor’s investment process seeks companies that are industry leaders with sustainable competitive advantages; corporate cultures emphasizing strong, quality and experienced management; low or no debt; and attractive relative valuations. In selecting securities, the Fund’s advisor also considers other factors including, among others, political risk, monetary policy risk, and regulatory risk specific to an issuer’s country of domicile.

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WCMOX - Performance

Return Ranking - Trailing

Period WCMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% 3.6% 16.4% 93.90%
1 Yr 22.8% 18.6% 33.6% 41.46%
3 Yr -5.2%* -5.4% 6.3% 96.25%
5 Yr N/A* 3.8% 10.2% N/A
10 Yr N/A* 4.0% 7.7% N/A

* Annualized

Return Ranking - Calendar

Period WCMOX Return Category Return Low Category Return High Rank in Category (%)
2023 25.2% 1.1% 25.3% 2.44%
2022 -35.2% -35.4% -13.9% 98.75%
2021 N/A -5.3% 14.4% N/A
2020 N/A 3.1% 17.0% N/A
2019 N/A 13.1% 25.4% N/A

Total Return Ranking - Trailing

Period WCMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% 3.6% 16.4% 93.90%
1 Yr 22.8% 18.6% 33.6% 41.46%
3 Yr -5.2%* -5.4% 6.3% 96.25%
5 Yr N/A* 3.8% 10.2% N/A
10 Yr N/A* 4.0% 7.7% N/A

* Annualized

Total Return Ranking - Calendar

Period WCMOX Return Category Return Low Category Return High Rank in Category (%)
2023 25.8% 2.5% 25.8% 1.22%
2022 -35.2% -35.4% -10.9% 98.75%
2021 N/A 7.7% 18.9% N/A
2020 N/A 3.5% 18.1% N/A
2019 N/A 17.4% 32.7% N/A

NAV & Total Return History


WCMOX - Holdings

Concentration Analysis

WCMOX Category Low Category High WCMOX % Rank
Net Assets 36.9 M 5.84 M 12.8 B 95.12%
Number of Holdings 45 2 4796 92.68%
Net Assets in Top 10 13.2 M 1.63 M 12.6 B 92.68%
Weighting of Top 10 32.42% 5.7% 102.9% 8.54%

Top 10 Holdings

  1. 3i Group PLC 3.85%
  2. Saab A.B. - Class B 3.52%
  3. ASM International N.V. 3.41%
  4. Scout24 S.E. 3.33%
  5. MSILF Treasury Portfolio - Class Institutional 3.19%
  6. Novo Nordisk A/S - Class B 3.18%
  7. Puig Brands S.A. - Class B 3.10%
  8. NU Holdings Ltd./Cayman Islands - Class A 3.07%
  9. Celestica, Inc. 2.92%
  10. Elastic N.V. 2.84%

Asset Allocation

Weighting Return Low Return High WCMOX % Rank
Stocks
92.42% 91.19% 102.39% 91.46%
Cash
3.79% 0.00% 8.90% 24.39%
Preferred Stocks
0.00% 0.00% 3.79% 64.63%
Other
0.00% -2.44% 48.01% 76.83%
Convertible Bonds
0.00% 0.00% 0.00% 44.44%
Bonds
0.00% 0.00% 0.49% 47.56%

Stock Sector Breakdown

Weighting Return Low Return High WCMOX % Rank
Consumer Cyclical
23.69% 9.23% 27.42% 6.17%
Technology
22.43% 9.14% 22.43% 1.23%
Healthcare
18.67% 0.00% 18.67% 1.23%
Industrials
18.41% 12.46% 32.63% 82.72%
Consumer Defense
6.41% 2.29% 12.17% 39.51%
Basic Materials
4.88% 0.02% 13.14% 85.19%
Communication Services
3.35% 1.47% 8.56% 61.73%
Financial Services
2.16% 2.16% 21.69% 98.77%
Utilities
0.00% 0.00% 4.57% 90.12%
Real Estate
0.00% 0.00% 12.22% 97.53%
Energy
0.00% 0.00% 12.34% 92.59%

Stock Geographic Breakdown

Weighting Return Low Return High WCMOX % Rank
Non US
66.34% 0.00% 99.21% 96.34%
US
26.09% 0.02% 102.39% 3.66%

WCMOX - Expenses

Operational Fees

WCMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.05% 0.08% 7.36% 12.20%
Management Fee 1.00% 0.05% 1.03% 87.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

WCMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 1.00% N/A

Trading Fees

WCMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

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.

WCMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 185.00% N/A

WCMOX - Distributions

Dividend Yield Analysis

WCMOX Category Low Category High WCMOX % Rank
Dividend Yield 0.42% 0.00% 3.84% 95.12%

Dividend Distribution Analysis

WCMOX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

WCMOX Category Low Category High WCMOX % Rank
Net Income Ratio 0.28% 0.03% 2.41% 91.36%

Capital Gain Distribution Analysis

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

Distributions History

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WCMOX - Fund Manager Analysis

Managers

Gregory Ise


Start Date

Tenure

Tenure Rank

Mar 30, 2021

1.17

1.2%

Greg joined WCM in 2014; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since the start of his investment career in 2001, Greg’s experience includes positions as Senior International Research Analyst at Rainier Investment Management (Seattle), as Vice President / Analyst at Allianz Global Investors (San Diego), as Research Analyst at San Francisco-based hedge fund Osmium Partners, and as Investment Banking Analyst at UBS in New York. Greg earned a B.S. (with honors) in Business Administration from the University of Kansas, and an M.B.A. from the University of California, Berkeley. He is also a CFA® charterholder.

Tamara Manoukian


Start Date

Tenure

Tenure Rank

Mar 30, 2021

1.17

1.2%

Tamara Manoukian began her investment career in 2005. She has served as Portfolio Manager & Business Analyst for the Advisor since 2017. Ms. Manoukian’s primary responsibility is portfolio management and equity research. Since she began her investment career, Ms. Manoukian’s experience includes a position as Associate Portfolio Manager and Equity Research Analyst at Thornburg Investment Management and as an Investment Analyst at Boston-based hedge fund Greenwood Investments. Ms. Manoukian graduated cum laude from Boston University School of Management with a B.S. in Business Administration, Finance concentration. She is also a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 21.76 7.63 18.43