Form 497 Investment Managers Seri

January 19, 2022 12:29 PM EST

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WCM Focused International Growth Fund

Investor Class Shares – WCMRX
Institutional Class Shares – WCMIX

WCM China Quality Growth Fund

Investor Class Shares – WCQGX

Institutional Class Shares – WCMCX

   

WCM Focused Emerging Markets Fund
Investor Class Shares – WFEMX

Institutional Class Shares – WCMEX

WCM Sustainable Developing World Fund

Investor Class Shares – WCMUX

Institutional Class Shares – WCMDX

   

WCM Focused Global Growth Fund

Investor Class Shares – WFGGX

Institutional Class Shares – WCMGX

WCM Sustainable International Fund

Investor Class Shares – WESGX

Institutional Class Shares – WCMMX

   

WCM International Small Cap Growth Fund
Institutional Class Shares – WCMSX

WCM Focused International Value Fund

Investor Class Shares – WLIVX
Institutional Class Shares – WCMVX

   

WCM Small Cap Growth Fund

Investor Class Shares – WCMNX

Institutional Class Shares – WCMLX

WCM International Long-Term Growth Fund

Investor Class Shares – WILGX

Institutional Class Shares – WCMTX

   

WCM Focused Small Cap Fund

Investor Class Shares – WCMJX

Institutional Class Shares – WCMFX

WCM Focused International Opportunities Fund

Investor Class Shares – WCFOX

Institutional Class Shares – WCMOX

 

Each a series of Investment Managers Series Trust (the “Trust”)

 

Supplement dated January 19, 2022,

to the Prospectus dated September 1, 2021, as amended.

 

Effective immediately, the third paragraph under the heading entitled “Fund Expenses” on page 110 of the Prospectus is deleted in its entirety and is replaced with the following:

 

This agreement is effective until August 31, 2022 with respect to the WCM Focused International Growth Fund, WCM Focused Emerging Markets Fund, WCM Focused Global Growth Fund and WCM International Small Cap Growth Fund, and August 31, 2031 with respect to the WCM Small Cap Growth Fund, WCM Focused Small Cap Fund, WCM China Quality Growth Fund, WCM Sustainable Developing World Fund, WCM Sustainable International Fund, WCM Focused International Value Fund, WCM International Long-Term Growth Fund, and WCM Focused International Opportunities Fund and it may be terminated or amended prior to the end of the term with the approval of the Trust’s Board of Trustees.

 

Please retain this Supplement with your records.



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