# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001398344-23-006075
**Filing Date:** 2023-3
**Character Count:** 2842
**Document Hash:** 22cfbdff455f338b1f4a0295631b47b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-006075.hdr.sgml**: 20230313

**ACCESSION NUMBER**: 0001398344-23-006075

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20230313

**DATE AS OF CHANGE**: 20230313

**EFFECTIVENESS DATE**: 20230313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust II
- **CENTRAL INDEX KEY:** 0001587982
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-191476
- **FILM NUMBER:** 23726123

**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

### ACR Multi-Strategy Quality Return (MQR) Fund (Series ID: S000047911)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| Class I Shares | MQRIX         | C000150491 |

---

## Series and Classes Contracts Data

### ACR Multi-Strategy Quality Return (MQR) Fund (Series ID: S000047911)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000150491 | Class I Shares | MQRIX           |

?xml version="1.0" encoding="utf-8"?

**ACR Multi-Strategy Quality Return (MQR) Fund**

Class I Shares (Ticker Symbol: MQRIX)

 

*A series of Investment Managers Series Trust II (the "Trust")*

**Supplement dated March 13, 2023, to the Prospectus dated April 1, 2022.**

*Effective immediately, the "Average Annual Total Returns" table starting on page 8 of the Prospectus is deleted in its entirety and replaced with the following:*

 

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns for Periods Ended December 31, 2021** | **One**<br> **Year** | **Five**<br> **Years** | **Since<br> Inception<br> (December 31, 2014)** |
| **Class I Shares -** Return Before Taxes | 27.54% | 10.67% | 8.07% |
| **Class I Shares -** Return After Taxes on Distributions\* | 27.29% | 10.01% | 7.55% |
| **Class I Shares -** Return After Taxes on Distributions and Sale of Fund Shares\* | 16.47% | 8.29% | 6.30% |
| MSCI ACWI (Gross) Index (reflects no deduction for fees, expenses or taxes) | 19.04% | 14.97% | 11.48% |

---

\* After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

 ****

***Please file this Supplement with your records****.*