Investment Managers's new EP Strategic U.S. Equity Fund will target firms with non-U.S. operations

By Toni Weeks

San Diego, Dec. 19 - Investment Managers Series Trust is planning to launch a new fund that will invest primarily in companies with operations outside of the United States, according to an N-1A filing with the Securities and Exchange Commission.

The new fund, the EP Strategic U.S. Equity Fund, will seek income and long-term capital appreciation by investing at least 80% of its net assets, plus any borrowing for investment purposes, in equity securities of U.S. domiciled companies with a majority of their operations outside of the United States. The portfolio will consist of primarily large- and middle-capitalization companies, though it may invest in stocks of any capitalization. The fund may also invest in warrants, options on equities, stock indexes, exchange-traded funds and American Depositary Receipts.

The portfolio manager will be James Nelson.

The maximum sales charge will be 4.5%. Sales charge reductions are available for investments of $50,000 or more. A 2% redemption fee will be charged on the amount redeemed if shares are redeemed within 30 days of purchase.

Management fees of 0.75% will apply. Total annual fund operating expenses will be held to 1.25% until March 1, 2013 due to an expenses agreement with the adviser, Newport Beach, Calif.-based Euro Pacific Asset Management, LLC.

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