diff --git a/lib/ansible/config/manager.py b/lib/ansible/config/manager.py
index f050ced4d75..c4b0ffbc362 100644
--- a/lib/ansible/config/manager.py
+++ b/lib/ansible/config/manager.py
@@ -6,6 +6,7 @@ from __future__ import annotations
 import atexit
 import decimal
 import configparser
+import functools
 import os
 import os.path
 import sys
@@ -248,18 +249,6 @@ def get_config_type(cfile):
     return ftype
 
 
-# FIXME: can move to module_utils for use for ini plugins also?
-def get_ini_config_value(p, entry):
-    """ returns the value of last ini entry found """
-    value = None
-    if p is not None:
-        try:
-            value = p.get(entry.get('section', 'defaults'), entry.get('key', ''), raw=True)
-        except Exception:  # FIXME: actually report issues here
-            pass
-    return value
-
-
 def find_ini_config_file(warnings=None):
     """ Load INI Config File order(first found is used): ENV, CWD, HOME, /etc/ansible """
     # FIXME: eventually deprecate ini configs
@@ -345,6 +334,7 @@ class ConfigManager:
     _errors: list[tuple[str, Exception]]
 
     def __init__(self, conf_file=None, defs_file=None):
+        self._get_ini_config_value = functools.cache(self._get_ini_config_value)
 
         self._base_defs = {}
         self._plugins = {}
@@ -628,6 +618,7 @@ class ConfigManager:
             # env vars are next precedence
             if value is None and defs[config].get('env'):
                 value, origin = self._loop_entries(os.environ, defs[config]['env'])
+                value = _tags.TrustedAsTemplate().tag(value)
                 origin = 'env: %s' % origin
 
             # try config file entries next, if we have one
@@ -642,7 +633,7 @@ class ConfigManager:
                         for entry in defs[config][ftype]:
                             # load from config
                             if ftype == 'ini':
-                                temp_value = get_ini_config_value(self._parsers[cfile], entry)
+                                temp_value = self._get_ini_config_value(cfile, entry.get('section', 'defaults'), entry['key'])
                             elif ftype == 'yaml':
                                 raise AnsibleError('YAML configuration type has not been implemented yet')
                             else:
@@ -724,6 +715,32 @@ class ConfigManager:
 
         self._plugins[plugin_type][name] = defs
 
+    def _get_ini_config_value(self, config_file: str, section: str, option: str) -> t.Any:
+        """
+        Fetch `option` from the specified `section`.
+        Returns `None` if the specified `section` or `option` are not present.
+        Origin and TrustedAsTemplate tags are applied to returned values.
+
+        CAUTION: Although INI sourced configuration values are trusted for templating, that does not automatically mean they will be templated.
+                 It is up to the code consuming configuration values to apply templating if required.
+        """
+        parser = self._parsers[config_file]
+        value = parser.get(section, option, raw=True, fallback=None)
+
+        if value is not None:
+            value = self._apply_tags(value, section, option)
+
+        return value
+
+    def _apply_tags(self, value: str, section: str, option: str) -> t.Any:
+        """Apply origin and trust to the given `value` sourced from the stated `section` and `option`."""
+        description = f'section {section!r} option {option!r}'
+        origin = _tags.Origin(path=self._config_file, description=description)
+        tags = [origin, _tags.TrustedAsTemplate()]
+        value = AnsibleTagHelper.tag(value, tags)
+
+        return value
+
     @staticmethod
     def get_deprecated_msg_from_config(dep_docs, include_removal=False, collection_name=None):
 
diff --git a/test/integration/targets/lookup_template/tasks/ansible_managed.yml b/test/integration/targets/lookup_template/tasks/ansible_managed.yml
index 21c0f740956..922a9a0ee07 100644
--- a/test/integration/targets/lookup_template/tasks/ansible_managed.yml
+++ b/test/integration/targets/lookup_template/tasks/ansible_managed.yml
@@ -1,4 +1,3 @@
-# deprecated: description='ansible_managed has been removed' core_version='2.23'
 - name: invoke template lookup with content using default injected `ansible_managed`
   debug:
     msg: "{{ lookup('template', 'uses_ansible_managed.j2') }}"
diff --git a/test/units/config/test_manager.py b/test/units/config/test_manager.py
index 65ec9c0c9a1..3bd8f05a3d2 100644
--- a/test/units/config/test_manager.py
+++ b/test/units/config/test_manager.py
@@ -16,6 +16,7 @@ from ansible.config.manager import ConfigManager, ensure_type, resolve_path, get
 from ansible.errors import AnsibleOptionsError, AnsibleError
 from ansible._internal._datatag._tags import Origin, VaultedValue
 from ansible.module_utils._internal._datatag import AnsibleTagHelper
+from ansible.template import is_trusted_as_template
 from units.mock.vault_helper import VaultTestHelper
 
 curdir = os.path.dirname(__file__)
@@ -272,3 +273,30 @@ def test_256color_support(key, expected_value):
     actual_value = manager.get_config_value(key)
     # THEN: no error
     assert actual_value == expected_value
+
+
+def test_config_trust_from_env(monkeypatch: pytest.MonkeyPatch) -> None:
+    expected = "from test"
+    monkeypatch.setenv("ANSIBLE_TEST_ENTRY", expected)
+    result = ConfigManager().get_config_value("_Z_TEST_ENTRY")
+    origin = Origin.get_tag(result)
+
+    assert result == expected
+    assert is_trusted_as_template(result)
+    assert origin and origin.description == '<Config env: ANSIBLE_TEST_ENTRY>'
+
+
+def test_config_trust_from_file(tmp_path: pathlib.Path) -> None:
+    expected = "from test"
+    cfg_path = tmp_path / 'test.cfg'
+
+    cfg_path.write_text(f"[testing]\nvalid={expected}")
+
+    result = ConfigManager(str(cfg_path)).get_config_value("_Z_TEST_ENTRY")
+    origin = Origin.get_tag(result)
+
+    assert result == expected
+    assert is_trusted_as_template(result)
+    assert origin
+    assert origin.path == str(cfg_path)
+    assert origin.description == "section 'testing' option 'valid'"