# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-25-286052
**Filing Date:** 2025-11
**Character Count:** 45619
**Document Hash:** c63ee59e46bd9a0a8662c1443f1cbba9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-286052.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001193125-25-286052

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust II
- **CENTRAL INDEX KEY:** 0001587982

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22894
- **FILM NUMBER:** 251494201

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2295

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Series and Classes Contracts Data

### KENNEDY CAPITAL SMALL CAP GROWTH FUND (Series ID: S000076117)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000235563 | Institutional Class Shares | KGROX           |

## Nport-Ex

#### Kennedy Capital Small Cap Growth Fund

#### SCHEDULE OF INVESTMENTS

#### As of September 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 106.4%** |  |
|  | **COMMUNICATION SERVICES — 3.3%** |  |
| 762 | Magnite, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$16597** |
|  | **CONSUMER DISCRETIONARY — 13.6%** |  |
| 67 | Boot Barn Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11103 |
| 120 | Champion Homes, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9165 |
| 133 | Dutch Bros, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6961 |
| 32 | Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7893 |
| 119 | Planet Fitness, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12352 |
| 342 | Universal Technical Institute, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11132 |
| 38 | Wingstop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9564 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**68170** |
|  | **CONSUMER STAPLES — 2.6%** |  |
| 222 | Chefs' Warehouse, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12949** |
|  | **FINANCIALS — 8.7%** |  |
| 112 | Axos Financial, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9481 |
| 218 | Baldwin Insurance Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6150 |
| 572 | BGC Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5411 |
| 60 | Coastal Financial Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6490 |
| 29 | PJT Partners, Inc. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5154 |
| 142 | Shift4 Payments, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10991 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**43677** |
|  | **HEALTH CARE — 20.1%** |  |
| 689 | Adaptive Biotechnologies Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10307 |
| 60 | Apogee Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2384 |
| 154 | AtriCure, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5428 |
| 275 | Avadel Pharmaceuticals PLC - ADR\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4199 |
| 66 | Avidity Biosciences, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2876 |
| 30 | Axsome Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3643 |
| 153 | Catalyst Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3014 |
| 141 | Edgewise Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2287 |
| 174 | Enovis Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5279 |
| 174 | Globus Medical, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9965 |
| 37 | Halozyme Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2714 |
| 44 | ICU Medical, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5278 |
| 59 | Ionis Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3860 |
| 234 | Nurix Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2162 |
| 11 | OmniAb, Inc. Earnout Shares<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| 11 | OmniAb, Inc. Earnout Shares<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| 81 | Protagonist Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5381 |
| 38 | Rhythm Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3838 |
| 80 | Scholar Rock Holding Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2979 |
| 40 | Soleno Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2704 |

---

------

#### Kennedy Capital Small Cap Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **HEALTH CARE (Continued)** |  |
| 337 | Surgery Partners, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7293 |
| 327 | WaVe Life Sciences Ltd.\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2394 |
| 227 | Waystar Holding Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8608 |
| 500 | Xeris Biopharma Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4070 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**100663** |
|  | **INDUSTRIALS — 29.5%** |  |
| 88 | AAON, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8223 |
| 417 | ACV Auctions, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4132 |
| 96 | Casella Waste Systems, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9108 |
| 24 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19804 |
| 49 | Crane Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9023 |
| 94 | Ducommun, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9036 |
| 55 | Franklin Electric Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5236 |
| 116 | Genpact, Ltd.<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4859 |
| 210 | Leonardo DRS, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9534 |
| 60 | MasTec, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12769 |
| 127 | Mercury Systems, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9830 |
| 102 | Parsons Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8458 |
| 39 | Paylocity Holding Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6212 |
| 23 | Powell Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7011 |
| 27 | Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5721 |
| 226 | Tetra Tech, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7544 |
| 61 | UFP Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5703 |
| 57 | Willdan Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5511 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**147714** |
|  | **INFORMATION TECHNOLOGY — 27.0%** |  |
| 63 | Astera Labs, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12335 |
| 28 | CyberArk Software, Ltd.\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13528 |
| 20 | Fabrinet\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7292 |
| 438 | Freshworks, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5155 |
| 60 | Impinj, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10845 |
| 44 | Insight Enterprises, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4990 |
| 126 | Intapp, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5153 |
| 268 | JFrog, Ltd.\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12685 |
| 94 | MACOM Technology Solutions Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11702 |
| 272 | Mirion Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6327 |
| 68 | Onto Innovation, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8787 |
| 391 | Penguin Solutions, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10276 |
| 253 | SentinelOne, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4455 |
| 34 | SiTime Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10245 |
| 39 | SPS Commerce, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4062 |
| 289 | Vertex, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7164 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**135001** |

---

------

#### Kennedy Capital Small Cap Growth Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **MATERIALS — 1.6%** |  |
| 105 | Knife River Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8071** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $380,318) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**532842** |
|  | **SHORT-TERM INVESTMENTS — 4.6%** |  |
| 23023 | Goldman Sachs FS Government Fund - Institutional Class, 3.96%<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23023 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost $23,023) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23023** |
|  | **TOTAL INVESTMENTS — 111.0%** |  |
|  | (Cost $403,341) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**555865** |
|  | Liabilities in Excess of Other Assets — (11.0)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55219) |
|  | **NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$500646** |

---

ADR – American Depository Receipt <br> PLC – Public Limited Company

\* Non-income producing security.

<sup>1</sup> Foreign security denominated in U.S. Dollars.

<sup>2</sup> The value of these securities was determined using significant unobservable inputs. These are reported as Level 3 securities in the Fair Value Hierarchy.

<sup>3</sup> The rate is the annualized seven-day yield at period end.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST II

- **b. Investment Company Act file number:** 811-22894

- **c. CIK number of Registrant:** 0001587982

- **d. LEI of Registrant:** 549300SU7ER9OFETRU41

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Kennedy Capital Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000076117

- **c. LEI of Series:** 5493001JIV553JKD1I60

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $575659.12

**Total Liabilities:** $75013.31

**Net Assets:** $500645.81

**Cash Not Reported:** $11.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235563 | 2.48%                | 4.13%                | -0.75%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4260.08                 | $7520.66                                   |
| Month 2  | $5826.23                 | $14645.95                                  |
| Month 3  | $973.73                  | $-4815.36                                  |

### Schedule of Portfolio Investments

| Name                                 | Title                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Coastal Financial Corp/WA            | Coastal Financial Corp.                                              | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |        60 | NS      | $6490.20      | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The             | Chefs' Warehouse, Inc.                                               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |       222 | NS      | $12949.26     | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc         | Catalyst Pharmaceuticals, Inc.                                       | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |       153 | NS      | $3014.10      | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                             | Crane Co.                                                            | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |        49 | NS      | $9022.86      | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc            | Casella Waste Systems, Inc. - Class A                                | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |        96 | NS      | $9108.48      | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                | CyberArk Software Ltd.                                               | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |        28 | NS      | $13528.20     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                            | JFrog Ltd.                                                           | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | US        |       268 | NS      | $12684.44     | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshworks Inc                       | Freshworks, Inc. - Class A                                           | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |       438 | NS      | $5155.26      | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                          | Genpact Ltd.                                                         | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |       116 | NS      | $4859.24      | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                   | Globus Medical, Inc. - Class A                                       | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |       174 | NS      | $9964.98      | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc            | Halozyme Therapeutics, Inc.                                          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |        37 | NS      | $2713.58      | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products In       | Installed Building Products, Inc.                                    | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |        32 | NS      | $7893.12      | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                      | ICU Medical, Inc.                                                    | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |        44 | NS      | $5278.24      | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                           | Intapp, Inc.                                                         | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       126 | NS      | $5153.40      | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc            | Ionis Pharmaceuticals, Inc.                                          | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |        59 | NS      | $3859.78      | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                     | Knife River Corp.                                                    | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       105 | NS      | $8071.35      | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                          | Magnite, Inc.                                                        | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |       762 | NS      | $16596.36     | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc              | Mirion Technologies, Inc.                                            | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |       272 | NS      | $6326.72      | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                  | Mercury Systems, Inc.                                                | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |       127 | NS      | $9829.80      | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol       | MACOM Technology Solutions Holdings, Inc.                            | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        94 | NS      | $11702.06     | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                           | MasTec, Inc.                                                         | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |        60 | NS      | $12768.60     | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                         | Ducommun, Inc.                                                       | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |        94 | NS      | $9036.22      | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                     | Leonardo DRS, Inc.                                                   | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |       210 | NS      | $9534.00      | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Nurix Therapeutics Inc               | Nurix Therapeutics, Inc.                                             | CUSIP: 67080M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       234 | NS      | $2162.16      | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc              | Insight Enterprises, Inc.                                            | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |        44 | NS      | $4990.04      | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                  | Onto Innovation, Inc.                                                | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |        68 | NS      | $8786.96      | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp               | Paylocity Holding Corp.                                              | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |        39 | NS      | $6211.53      | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                          | Enovis Corp.                                                         | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |       174 | NS      | $5279.16      | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewise Therapeutics Inc            | Edgewise Therapeutics, Inc.                                          | CUSIP: 28036F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       141 | NS      | $2287.02      | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc             | Franklin Electric Co., Inc.                                          | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |        55 | NS      | $5236.00      | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp           | Standex International Corp.                                          | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |        27 | NS      | $5721.30      | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                       | Tetra Tech, Inc.                                                     | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |       226 | NS      | $7543.88      | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                   | UFP Industries, Inc.                                                 | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |        61 | NS      | $5702.89      | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute        | Universal Technical Institute, Inc.                                  | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |       342 | NS      | $11132.10     | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                           | Vertex, Inc.                                                         | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |       289 | NS      | $7164.31      | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                 | Waystar Holding Corp.                                                | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       227 | NS      | $8607.84      | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                         | Wingstop, Inc.                                                       | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |        38 | NS      | $9563.84      | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc                    | Willdan Group, Inc.                                                  | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |        57 | NS      | $5511.33      | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNIAB CEDE EARNOUT 12.50 CR3   /    | OMNIAB CEDE EARNOUT 12.50 CR3   /                                    | CUSIP: 532CNT011<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        11 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OMNIAB CEDE EARNOUT 15 CLASS CR4   / | OMNIAB CEDE EARNOUT 15 CLASS CR4   /                                 | CUSIP: 532CNT029<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        11 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AAON Inc                             | AAON, Inc.                                                           | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        88 | NS      | $8222.72      | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                     | ACV Auctions, Inc. - Class A                                         | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       417 | NS      | $4132.47      | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp        | Adaptive Biotechnologies Corp.                                       | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |       689 | NS      | $10307.44     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                      | Astera Labs, Inc.                                                    | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |        63 | NS      | $12335.40     | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc              | Apogee Therapeutics, Inc.                                            | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        60 | NS      | $2383.80      | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                         | AtriCure, Inc.                                                       | CUSIP: 04963C209<br>LEI: 254900B2I6GPHK2EXM59 | Long             | EC               | CORP              | US        |       154 | NS      | $5428.50      | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Avadel Pharmaceuticals PLC           | Avadel Pharmaceuticals PLC                                           | CUSIP: G29687103<br>LEI: 549300E27PTSG2RHC762 | Long             | EC               | CORP              | IE        |       275 | NS      | $4199.25      | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                   | Axos Financial, Inc.                                                 | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |       112 | NS      | $9480.80      | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc              | Axsome Therapeutics, Inc.                                            | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |        30 | NS      | $3643.50      | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group Inc                        | BGC Group, Inc. - Class A                                            | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |       572 | NS      | $5411.12      | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc               | Boot Barn Holdings, Inc.                                             | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |        67 | NS      | $11103.24     | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                       | Dutch Bros, Inc. - Class A                                           | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       133 | NS      | $6961.22      | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/Th       | Baldwin Insurance Group, Inc.                                        | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       218 | NS      | $6149.78      | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square       | Goldman Sachs Financial Square Government Fund - Class Institutional | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |     23012 | PA      | $23011.54     | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc              | Comfort Systems USA, Inc.                                            | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        24 | NS      | $19804.32     | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                             | Fabrinet                                                             | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | TH        |        20 | NS      | $7292.40      | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                  | Shift4 Payments, Inc. - Class A                                      | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       142 | NS      | $10990.80     | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                | Penguin Solutions, Inc.                                              | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |       391 | NS      | $10275.48     | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                           | Impinj, Inc.                                                         | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |        60 | NS      | $10845.00     | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                     | PJT Partners, Inc. - Class A                                         | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |        29 | NS      | $5154.17      | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                   | Planet Fitness, Inc. - Class A                                       | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |       119 | NS      | $12352.20     | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                | Powell Industries, Inc.                                              | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |        23 | NS      | $7010.63      | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                         | Parsons Corp.                                                        | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |       102 | NS      | $8457.84      | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc         | Protagonist Therapeutics, Inc.                                       | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        81 | NS      | $5380.83      | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc              | Avidity Biosciences, Inc.                                            | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        66 | NS      | $2875.62      | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc           | Rhythm Pharmaceuticals, Inc.                                         | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |        38 | NS      | $3837.62      | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                      | SentinelOne, Inc. - Class A                                          | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |       253 | NS      | $4455.33      | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Surgery Partners Inc                 | Surgery Partners, Inc.                                               | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |       337 | NS      | $7292.68      | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                          | SiTime Corp.                                                         | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        34 | NS      | $10244.54     | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                   | Champion Homes, Inc.                                                 | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       120 | NS      | $9164.40      | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc              | Soleno Therapeutics, Inc.                                            | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |        40 | NS      | $2704.00      | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                     | SPS Commerce, Inc.                                                   | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |        39 | NS      | $4061.46      | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp            | Scholar Rock Holding Corp.                                           | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |        80 | NS      | $2979.20      | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WaVe Life Sciences Ltd               | WaVe Life Sciences Ltd.                                              | CUSIP: Y95308105<br>LEI: 54930070006GPKFYZ813 | Long             | EC               | CORP              | US        |       327 | NS      | $2393.64      | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Xeris Biopharma Holdings Inc         | Xeris Biopharma Holdings, Inc.                                       | CUSIP: 98422E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       500 | NS      | $4070.00      | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-01

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST II

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President