# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-26-056431
**Filing Date:** 2026-2
**Character Count:** 34395
**Document Hash:** 178b1a26eecbadebef1b55e708320fea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-056431.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001193125-26-056431

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**PERIOD START**: 20260331

**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:** 26646368

**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

### AXS Green Alpha ETF (Series ID: S000077398)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000237806 | AXS Green Alpha ETF | NXTE            |

## Nport-Ex

#### AXS Green Alpha ETF

#### SCHEDULE OF INVESTMENTS

#### As of December 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 99.7%** |  |
|  | **AEROSPACE/DEFENSE — 0.6%** |  |
| 35035 | Archer Aviation, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$263463** |
|  | **AGRICULTURE — 0.6%** |  |
| 7623 | Vital Farms, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**243479** |
|  | **AUTO MANUFACTURERS — 3.2%** |  |
| 44464 | Rivian Automotive, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876386 |
| 24318 | XPeng, Inc. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493169 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1369555** |
|  | **AUTO PARTS & EQUIPMENT — 5.6%** |  |
| 37088 | Contemporary Amperex Technology Co., Ltd. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1951438 |
| 43851 | QuantumScape Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456927 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2408365** |
|  | **BIOTECHNOLOGY — 9.9%** |  |
| 16344 | Arcturus Therapeutics Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100189 |
| 7688 | BioNTech S.E. - ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731898 |
| 211371 | Caribou Biosciences, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336080 |
| 31000 | CRISPR Therapeutics A.G.\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625640 |
| 64082 | Editas Medicine, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131368 |
| 12884 | Moderna, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379949 |
| 141074 | Prime Medicine, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489527 |
| 102692 | Recursion Pharmaceuticals, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420010 |
| 25285 | Verve Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15929 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4230590** |
|  | **BUILDING MATERIALS — 0.6%** |  |
| 7276 | Trex Co., Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**255242** |
|  | **COMPUTERS — 6.7%** |  |
| 623 | Crowdstrike Holdings, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292037 |
| 8708 | International Business Machines Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2579397 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2871434** |
|  | **COSMETICS/PERSONAL CARE — 0.3%** |  |
| 47956 | Honest Co., Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**123726** |
|  | **ELECTRIC — 2.7%** |  |
| 29832 | Brookfield Renewable Corp.<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1143759** |
|  | **ELECTRICAL COMPONENTS & EQUIPMENT — 2.6%** |  |
| 14805 | ABB Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1095126** |

---

------

#### AXS Green Alpha ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of December 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **ELECTRONICS — 1.1%** |  |
| 2289 | Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$479248** |
|  | **ENERGY-ALTERNATE SOURCES — 11.2%** |  |
| 3068 | Enphase Energy, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98329 |
| 43291 | JinkoSolar Holding Co., Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1117341 |
| 11632 | Nextpower, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013263 |
| 111419 | T1 Energy, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744279 |
| 66671 | Vestas Wind Systems A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817843 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4791055** |
|  | **FOOD — 1.7%** |  |
| 14953 | Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374573 |
| 4200 | Sprouts Farmers Market, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334614 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**709187** |
|  | **HEALTHCARE-PRODUCTS — 0.4%** |  |
| 103421 | Pacific Biosciences of California, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**193397** |
|  | **HEALTHCARE-SERVICES — 0.1%** |  |
| 4706 | Ginkgo Bioworks Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**39107** |
|  | **INVESTMENT COMPANIES — 2.6%** |  |
| 170903 | Horizon Technology Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1102324** |
|  | **IRON/STEEL — 0.5%** |  |
| 3435 | Commercial Metals Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**237771** |
|  | **MACHINERY-DIVERSIFIED — 1.4%** |  |
| 10084 | Symbotic, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**599998** |
|  | **OFFICE FURNISHINGS — 1.3%** |  |
| 20425 | Interface, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**570266** |
|  | **REITS — 12.2%** |  |
| 13449 | Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;658194 |
| 11033 | BXP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744507 |
| 6439 | Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996178 |
| 940 | Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720190 |
| 89311 | Hudson Pacific Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967238 |
| 12809 | Kilroy Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478672 |
| 14287 | SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655345 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5220324** |
|  | **SEMICONDUCTORS — 30.7%** |  |
| 1936 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525043 |

---

------

#### AXS Green Alpha ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of December 31, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **SEMICONDUCTORS (Continued)** |  |
| 4711 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1210680 |
| 1914 | ASML Holding N.V.<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2047712 |
| 9451 | Infineon Technologies A.G. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418793 |
| 7447 | Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1274777 |
| 8014 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1370795 |
| 4364 | SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1972138 |
| 14273 | Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4337422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13157360** |
|  | **SOFTWARE — 2.5%** |  |
| 17910 | SentinelOne, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268650 |
| 13319 | Tempus AI, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786487 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1055137** |
|  | **TELECOMMUNICATIONS — 1.2%** |  |
| 24937 | SK Telecom Co., Ltd. - ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**511957** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $34,880,293) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**42671870** |
|  | **TOTAL INVESTMENTS — 99.7%** |  |
|  | (Cost $34,880,293) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**42671870** |
|  | Other Assets in Excess of Liabilities — 0.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140266 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$42812136** |

---

ADR – American Depository Receipt

\*Non-income producing security. <br> <sup>1</sup>Foreign security denominated in U.S. Dollars.

## 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:** AXS Green Alpha ETF

- **b. EDGAR series identifier (if any):** S000077398

- **c. LEI of Series:** 549300HKFDO4ASA0ZY79

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $42835749.49

**Total Liabilities:** $23617.77

**Net Assets:** $42812131.72

**Cash Not Reported:** $58187.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237806 | 5.40%                | -4.29%               | -0.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $467.90                  | $2312261.39                                |
| Month 2  | $866093.16               | $-2881998.48                               |
| Month 3  | $-131.41                 | $-391638.83                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Brookfield Renewable Corporation             | Brookfield Renewable Corporation CL A EX SUB VTG                      | CUSIP: 11285B108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     29832 | NS      | $1143758.88   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| JinkoSolar Holding Co., Ltd.                 | JinkoSolar Holding Co., Ltd. SPON ADS EACH REP 4 ORD SHS              | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | KY        |     43291 | NS      | $1117340.71   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc.                                   | XPeng Inc. ADS                                                        | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | KY        |     24318 | NS      | $493169.04    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.      | Contemporary Amperex Technology Co Ltd. 'A' CNY1                      | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     37088 | NS      | $1951437.89   | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems AS                       | Vestas Wind Systems AS DKK0.20                                        | CUSIP: K9773J201<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     66671 | NS      | $1817842.54   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                     | Infineon Technologies AG ORD NPV (REGD)                               | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      9451 | NS      | $418792.69    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                                  | BioNTech SE SPON ADS EACH REP 1 ORD SHS                               | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |      7688 | NS      | $731897.60    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. NY REGISTRY SHS                                     | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1914 | NS      | $2047712.04   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc.                                | SK Hynix Inc. KRW5000                                                 | CUSIP: Y8085F100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4364 | NS      | $1972138.42   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co Ltd                            | SK Telecom Co Ltd SPONSORED ADR                                       | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     24937 | NS      | $511956.61    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.        | Alexandria Real Estate Equities, Inc. COM USD0.01                     | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     13449 | NS      | $658194.06    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                          | Analog Devices Inc. COM USD0.16 2/3                                   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      1936 | NS      | $525043.20    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | Applied Materials Inc. COM USD0.01                                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      4711 | NS      | $1210679.89   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                          | Archer Aviation Inc COM CL A                                          | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35035 | NS      | $263463.20    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcturus Therapeutics Holdings Inc           | Arcturus Therapeutics Holdings Inc COM                                | CUSIP: 03969T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16344 | NS      | $100188.72    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                      | BXP Inc COM USD0.01                                                   | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     11033 | NS      | $744506.84    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Caribou Biosciences Inc                      | Caribou Biosciences Inc COM                                           | CUSIP: 142038108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    211371 | NS      | $336079.89    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                    | Commercial Metals Company COM USD5                                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      3435 | NS      | $237770.70    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                     | Crowdstrike Holdings Inc COM USD0.0005 CL A                           | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       623 | NS      | $292037.48    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.                    | Digital Realty Trust Inc. COM STK USD0.01                             | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      6439 | NS      | $996177.69    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Editas Medicine Inc                          | Editas Medicine Inc COM USD0.0001                                     | CUSIP: 28106W103<br>LEI: 5299000AON4Q9NT2JE42 | Long             | EC               | CORP              | US        |     64082 | NS      | $131368.10    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                           | Enphase Energy Inc COM USD0.00001                                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      3068 | NS      | $98329.40     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | Equinix, Inc. COM USD0.001                                            | CUSIP: 29444U700<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       940 | NS      | $720190.40    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| T1 Energy Inc.                               | T1 Energy Inc. COM NEW                                                | CUSIP: 35834F104<br>LEI: 529900H0645VFXNMJ693 | Long             | EC               | CORP              | US        |    111419 | NS      | $744278.92    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ginkgo Bioworks Holdings Inc                 | Ginkgo Bioworks Holdings Inc CL A NEW                                 | CUSIP: 37611X209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4706 | NS      | $39106.86     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| The Honest Company Inc                       | The Honest Company Inc COM                                            | CUSIP: 438333106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47956 | NS      | $123726.48    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Technology Finance Corporation       | Horizon Technology Finance Corporation COM                            | CUSIP: 44045A102<br>LEI: N/A                  | Long             | EC               | RF                | US        |    170903 | NS      | $1102324.35   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc                | Hudson Pacific Properties Inc COM                                     | CUSIP: 444097406<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89311 | NS      | $967238.13    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                              | Interface, Inc. COM USD0.10                                           | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     20425 | NS      | $570266.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers By Vitamin Cottage Inc.      | Natural Grocers By Vitamin Cottage Inc. COM USD0.001                  | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |     14953 | NS      | $374572.65    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc.                               | Nextpower Inc. CLASS A COM                                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11632 | NS      | $1013263.52   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Biosciences Of California Inc.       | Pacific Biosciences Of California Inc. COM USD0.0001                  | CUSIP: 69404D108<br>LEI: 529900F1BWRE1M0KZN89 | Long             | EC               | CORP              | US        |    103421 | NS      | $193397.27    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Prime Medicine Inc                           | Prime Medicine Inc COM                                                | CUSIP: 74168J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141074 | NS      | $489526.78    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM Inc. COM USD0.0001                                           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8014 | NS      | $1370794.70   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| QuantumScape Corporation                     | QuantumScape Corporation COM CL A                                     | CUSIP: 74767V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43851 | NS      | $456927.42    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Recursion Pharmaceuticals Inc                | Recursion Pharmaceuticals Inc CL A                                    | CUSIP: 75629V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102692 | NS      | $420010.28    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sl Green Realty Corp                         | Sl Green Realty Corp COM                                              | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     14287 | NS      | $655344.69    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                              | SentinelOne Inc CL A                                                  | CUSIP: 81730H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17910 | NS      | $268650.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                  | Sprouts Farmers Markets Inc COM USD0.001                              | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      4200 | NS      | $334614.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                                 | Symbotic Inc CLASS A COM                                              | CUSIP: 87151X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10084 | NS      | $599998.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc.                               | Tempus AI Inc. CL A                                                   | CUSIP: 88023B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13319 | NS      | $786486.95    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                           | Trex Company, Inc. COM USD0.01                                        | CUSIP: 89531P105<br>LEI: 549300ER482WJT9UUX16 | Long             | EC               | CORP              | US        |      7276 | NS      | $255242.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA VERVE THERAPEUT                       | CONTRA VERVE THERAPEUT                                                | CUSIP: 925CVR011<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25285 | NS      | $15929.55     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc.                             | Vital Farms Inc. COM                                                  | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |      7623 | NS      | $243478.62    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc                        | Rivian Automotive Inc COM CL A                                        | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |     44464 | NS      | $876385.44    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd.                                     | ABB Ltd. SPON ADR EACH REP 1 ORD SHS                                  | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     14805 | NS      | $1095125.85   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                       | CRISPR Therapeutics AG COM CHF0.03                                    | CUSIP: H17182108<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |     31000 | NS      | $1625640.00   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     14273 | NS      | $4337421.97   | 10.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.             | Advanced Energy Industries, Inc. COM USD0.001                         | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      2289 | NS      | $479247.93    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corp. COM USD0.20                     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      8708 | NS      | $2579396.68   | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corporation                    | Kilroy Realty Corporation COM STK USD0.01                             | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     12809 | NS      | $478672.33    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                     | Lam Research Corporation COM NEW                                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      7447 | NS      | $1274777.46   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                  | Moderna Inc COM USD0.0001                                             | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     12884 | NS      | $379949.16    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-13

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President