# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-25-295634
**Filing Date:** 2025-11
**Character Count:** 51335
**Document Hash:** 14abe99ea41896e8a08da51ccfe8deeb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-295634.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001193125-25-295634

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**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:** 251516504

**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

### First Trust Merger Arbitrage Fund (Series ID: S000048195)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000152358 | Class A Shares | VARAX           |
| C000152359 | Class I Shares | VARBX           |
| C000248222 | Class C Shares | VARCX           |

## 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:** First Trust Merger Arbitrage Fund

- **b. EDGAR series identifier (if any):** S000048195

- **c. LEI of Series:** 549300T1RVAXYLDWYR96

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $1746855417.12

**Total Liabilities:** $215764010.93

**Net Assets:** $1531091406.19

**Cash Not Reported:** $145916411.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000152358 | 0.09%                | 0.19%                | 0.56%                |
| Class ID C000152359 | 0.18%                | 0.09%                | 0.64%                |
| Class ID C000248222 | 0.19%                | 0.00%                | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9108420.59              | $-6465237.88                               |
| Month 2  | $5435783.36              | $-2839227.40                               |
| Month 3  | $1533144.66              | $7517757.69                                |

**Designated Index Information**

- **Index Name:** S&P 500 Index

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Artius II Acquisition Inc                | Artius II Acquisition, Inc. - Class A                   | CUSIP: G0509J115<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    313581 | NS      | $3176575.53   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Acquisition Corp II               | Armada Acquisition Corp. II - Class A                   | CUSIP: G0R38G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    417062 | NS      | $4354127.28   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AA Mission Acquisition Corp              | AA Mission Acquisition Corp. - Class A                  | CUSIP: G1000R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2700502 | NS      | $28409281.04  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED, Inc. CONTINGENT VALUE RHT   /   | ABIOMED, Inc. CONTINGENT VALUE RHT   /                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    287741 | NC      | $293495.82    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| American Exceptionalism Acquis           | American Exceptionalism Acquisition Corp. A - Class A   | CUSIP: G0273J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43030 | NS      | $470317.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aimei Health Technology Co Ltd           | Aimei Health Technology Co., Ltd.                       | CUSIP: G01341109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    649911 | NS      | $7356992.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ai Transportation Acquisition            | Ai Transportation Acquisition Corp.                     | CUSIP: G01490112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    506461 | NS      | $5571071.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Acquisition Corp               | Centurion Acquisition Corp.                             | CUSIP: G20315100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2479407 | NS      | $26157743.85  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURION CL A CL A   /                  | CENTURION CL A CL A   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    193720 | NS      | $1.94         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CENTURION CL B CL B   /                  | CENTURION CL B CL B   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    242151 | NS      | $2.42         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Agriculture & Natural Solution           | Agriculture & Natural Solutions Acquisition Corp.       | CUSIP: G0131Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2829209 | NS      | $30894962.28  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc                 | Aris Water Solutions, Inc. - Class A                    | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1586500 | NS      | $39123090.00  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AvidXchange Holdings Inc                 | AvidXchange Holdings, Inc.                              | CUSIP: 05368X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2716590 | NS      | $27030070.50  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition           | Axiom Intelligence Acquisition Corp. 1 - Class A        | CUSIP: G0750N104<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    536265 | NS      | $5335836.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Acquisition Corp                    | Blue Acquisition Corp. - Class A                        | CUSIP: G1331A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175229 | NS      | $1751413.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bleichroeder Acquisition Corp            | Bleichroeder Acquisition Corp. I                        | CUSIP: G1169T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1794755 | NS      | $18647504.45  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayview Acquisition Corp                 | Bayview Acquisition Corp. - Class A                     | CUSIP: 07323B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122924 | NS      | $1368144.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BTC Development Corp                     | BTC Development Corp.                                   | CUSIP: G0701G125<br>LEI: N/A                  | Long             |  | CORP              | US        |    645532 | NS      | $6519873.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Water Acquisition Corp II           | Blue Water Acquisition Corp. III - Class A              | CUSIP: G1368E106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206326 | NS      | $2055006.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners III Inc           | Cantor Equity Partners III, Inc. - Class A              | CUSIP: G1828A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82328 | NS      | $849624.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cayson Acquisition Corp                  | Cayson Acquisition Corp.                                | CUSIP: G1993W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66728 | NS      | $697974.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Capital Corp X                 | Churchill Capital Corp. X - Class A                     | CUSIP: G2130T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142381 | NS      | $1831019.66   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen Circle Acquisition Corp            | Cohen Circle Acquisition Corp. II - Class A             | CUSIP: G2254C121<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164660 | NS      | $1671299.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimvie, Inc.                             | Zimvie, Inc.                                            | CUSIP: 999999999<br>LEI: 549300GFKURT1J6XR665 | N/A              | DE               |  | US        |      -172 | NC      | $-2150.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                    | Electronic Arts, Inc.                                   | CUSIP: 999999999<br>LEI: 549300O7A67PUEYKDL45 | N/A              | DE               |  | US        |     -2151 | NC      | $-570015.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems, Inc.                     | Verint Systems, Inc.                                    | CUSIP: 999999999<br>LEI: 549300KEQJS5FRVUCO94 | N/A              | DE               |  | US        |      -111 | NC      | $-3607.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BLUE WATER ACQUISITION C-A               | Blue Water Acquisition Corp. III                        | CUSIP: G1368E114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    103163 | NC      | $14453.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trailblazer Acquisition Corp             | Trailblazer Acquisition Corp.                           | CUSIP: G9009S129<br>LEI: N/A                  | Long             |  | CORP              | US        |    172112 | NS      | $1764148.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus Circle Capital Corp I           | Columbus Circle Capital Corp. I - Class A               | CUSIP: G2296A109<br>LEI: 5299006WPUCKP6KOIM37 | Long             | EC               | CORP              | US        |    541514 | NS      | $5480121.68   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                      | CANADIAN DOLLARS  /                                     | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | CA        |    -47528 | OU      | $-34151.01    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Dynamix Corp                             | Dynamix Corp.                                           | CUSIP: G2949D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159786 | NS      | $1663372.26   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV Ventures Acquisition Corp            | EQV Ventures Acquisition Corp. II - Class A             | CUSIP: G3106Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    515292 | NS      | $5127155.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV VENTURES ACQUISITION C-A             | EQV Ventures Acquisition Corp. II                       | CUSIP: G3106Q128<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    171764 | NC      | $41223.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FutureCrest Acquisition Corp             | FutureCrest Acquisition Corp.                           | CUSIP: G3730U123<br>LEI: N/A                  | Long             |  | CORP              | US        |    344236 | NS      | $3648901.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Era Acquisition Corp I             | Fifth Era Acquisition Corp. I - Class A                 | CUSIP: G3415K101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    372349 | NS      | $3783065.84   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGX Capital Acquisition Corp            | FIGX Capital Acquisition Corp. - Class A                | CUSIP: G3473K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    209438 | NS      | $2092285.62   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Guess? Inc                               | Guess?, Inc.                                            | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               | CORP              | CH        |     59161 | NS      | $988580.31    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GigCapital7 Corp                         | GigCapital7 Corp. - Class A                             | CUSIP: G38648104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    448990 | NS      | $4732354.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GP-Act III Acquisition Corp              | GP-Act III Acquisition Corp. - Class A                  | CUSIP: G4035N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1897607 | NS      | $20114634.20  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GP-ACT III ACQ CORP. CLASS A UNITS   /   | GP-ACT III ACQ CORP. CLASS A UNITS   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    196235 | NS      | $1.96         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GP-ACT III ACQ Corp. CLASS B UNITS   /   | GP-ACT III ACQ Corp. CLASS B UNITS   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    245295 | NS      | $2.45         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Graf Global Corp                         | Graf Global Corp. - Class A                             | CUSIP: G4036C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1931321 | NS      | $20356123.34  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Gesher Acquisition Corp II               | Gesher Acquisition Corp. II - Class A                   | CUSIP: G3852D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    404792 | NS      | $4108638.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GSR IV Acquisition Corp                  | GSR IV Acquisition Corp.                                | CUSIP: G4R12K123<br>LEI: N/A                  | Long             |  | CORP              | US        |    813901 | NS      | $8248886.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Gores Holdings X Inc                     | Gores Holdings X, Inc. - Class A                        | CUSIP: G4002F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    448535 | NS      | $4584027.70   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Globa Terra Acquisition Corp             | Globa Terra Acquisition Corp. - Class A                 | CUSIP: G3933N116<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    407455 | NS      | $4066400.90   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH             | Huntington Bancshares, Inc.                             | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Short            | EC               | CORP              | US        |  -4296868 | NS      | $-74206910.36 | -4.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Space Acquisition I Co           | Horizon Space Acquisition I Corp.                       | CUSIP: G4619M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    280410 | NS      | $3454651.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Highview Merger Corp                     | Highview Merger Corp.                                   | CUSIP: G4569C127<br>LEI: N/A                  | Long             |  | CORP              | US        |    214874 | NS      | $2174524.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Haymaker Acquisition Corp 4              | Haymaker Acquisition Corp. 4                            | CUSIP: G4375F108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1374406 | NS      | $15585764.04  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Co           | Integral Ad Science Holding Corp.                       | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1797434 | NS      | $18279903.78  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dune Acquisition Corp II                 | Dune Acquisition Corp. II                               | CUSIP: G2867S109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    584860 | NS      | $5918783.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II                | Jackson Acquisition Co. II - Class A                    | CUSIP: G4992A110<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    477663 | NS      | $4958141.94   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Jena Acquisition Corp II                 | Jena Acquisition Corp. II - Class A                     | CUSIP: G5093B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183044 | NS      | $1857896.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellanova                                | Kellanova                                               | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |    397451 | NS      | $32598931.02  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| K&F Growth Acquisition Corp II           | K&F Growth Acquisition Corp. II - Class A               | CUSIP: G52258111<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85590 | NS      | $874729.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CSLM Digital Asset Acquisition           | CSLM Digital Asset Acquisition Corp. III Ltd. - Class A | CUSIP: G2584S101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    343986 | NS      | $3414061.05   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Keen Vision Acquisition Corp             | Keen Vision Acquisition Corp.                           | CUSIP: G52443119<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91247 | NS      | $1058465.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Legato Merger Corp III                   | Legato Merger Corp. III                                 | CUSIP: G5451A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1608549 | NS      | $17275816.26  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch One Acquisition Corp              | Launch One Acquisition Corp.                            | CUSIP: G5S86M100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1866241 | NS      | $19632855.32  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Melar Acquisition Corp I                 | Melar Acquisition Corp. I - Class A                     | CUSIP: G6004G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1275345 | NS      | $13403875.95  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition V Corp            | M3-Brigade Acquisition V Corp. - Class A                | CUSIP: G63212107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    499994 | NS      | $5274936.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition VI Corp           | M3-Brigade Acquisition VI Corp.                         | CUSIP: G63221124<br>LEI: 529900K3KULJYPOBI946 | Long             |  | CORP              | US        |    343986 | NS      | $3481138.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Yorkville Acquisition Corp               | Yorkville Acquisition Corp. - Class A                   | CUSIP: G98659116<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219022 | NS      | $2334774.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| YORKVILLE ACQUISITION CORP-A             | Yorkville Acquisition Corp.                             | CUSIP: G98659124<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     49396 | NC      | $58781.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mountain Lake Acquisition Corp           | Mountain Lake Acquisition Corp. - Class A               | CUSIP: G6301B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    862098 | NS      | $8879609.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                                 | Merus N.V.                                              | CUSIP: N5749R100<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |    211158 | NS      | $19880525.70  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio               | MSILF Government Portfolio - Class Institutional        | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        | 215292644 | PA      | $215292644.18 | 14.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Energy Transition Corp            | Nabors Energy Transition Corp. II - Class A             | CUSIP: G6363K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1231635 | NS      | $13806628.35  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NewHold Investment Corp III              | NewHold Investment Corp. III - Class A                  | CUSIP: G6486E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    768067 | NS      | $7818922.06   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Newbury Street II Acquisition            | Newbury Street II Acquisition Corp. - Class A           | CUSIP: G6439S109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59190 | NS      | $612912.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OAK WOODS ACQUISITIO TENDERED SHARES   / | OAK WOODS ACQUISITIO TENDERED SHARES   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    505710 | NS      | $6103919.70   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| 1RT Acquisition Corp                     | 1RT Acquisition Corp. - Class A                         | CUSIP: G6757R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    246528 | NS      | $2576217.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyster Enterprises II Acquisit           | Oyster Enterprises II Acquisition Corp. - Class A       | CUSIP: G6861F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125106 | NS      | $1253562.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Acquisition I Corp               | Pioneer Acquisition I Corp. - Class A                   | CUSIP: G7117W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    412498 | NS      | $4100230.12   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pyrophyte Acquisition Corp II            | Pyrophyte Acquisition Corp. II - Class A                | CUSIP: G7309T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    214568 | NS      | $2137097.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                   | Palo Alto Networks, Inc.                                | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |   -226832 | NS      | $-46187531.84 | -3.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Potbelly Corp                            | Potbelly Corp.                                          | CUSIP: 73754Y100<br>LEI: 54930027NUULUR2P5W11 | Long             | EC               | CORP              | US        |    738167 | NS      | $12578365.68  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ProCap Acquisition Corp                  | ProCap Acquisition Corp. - Class A                      | CUSIP: G7257A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    372540 | NS      | $3825985.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Performant Healthcare Inc                | Performant Healthcare, Inc.                             | CUSIP: 71377E105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1933436 | NS      | $14945460.28  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Pyrophyte Acquisition Corp               | Pyrophyte Acquisition Corp. - Class A                   | CUSIP: G7308P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    538832 | NS      | $6363605.92   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Patria Latin American Opportun           | Patria Latin American Opportunity Acquisition Corp.     | CUSIP: G69454109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    934747 | NS      | $11544125.45  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Plum Acquisition Corp IV                 | Plum Acquisition Corp. IV                               | CUSIP: G7134A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    558455 | NS      | $5768840.15   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Andretti Acquisition Corp II             | Andretti Acquisition Corp. II - Class A                 | CUSIP: G26745102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1002544 | NS      | $10496635.68  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc                        | PROS Holdings, Inc.                                     | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               | CORP              | US        |    767786 | NS      | $17589977.26  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Asset Acquisition Corp              | Real Asset Acquisition Corp. - Class A                  | CUSIP: G73944103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    756454 | NS      | $7670443.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Acquisition Corp                   | Rithm Acquisition Corp. - Class A                       | CUSIP: G75751100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    996399 | NS      | $10213089.75  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Capital Acquisition Corp           | Range Capital Acquisition Corp.                         | CUSIP: G7375C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    644211 | NS      | $6641815.41   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Digital Acquisition C           | Republic Digital Acquisition Co. - Class A              | CUSIP: G7515A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    292586 | NS      | $2987303.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTESIAN GROWTH CORP II                 | CARTESIAN GROWTH Corp. II                               | CUSIP: G19305112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    430937 | NS      | $5214337.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RF Acquisition Corp II                   | RF Acquisition Corp. II                                 | CUSIP: G75389109<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    939193 | NS      | $10021189.31  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                           | Rocket Cos., Inc. - Class A                             | CUSIP: 77311W101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |  -3263161 | NS      | $-63240060.18 | -4.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Renatus Tactical Acquisition C           | Renatus Tactical Acquisition Corp. I - Class A          | CUSIP: G7490F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    285838 | NS      | $3118492.58   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Silverbox Corp IV                        | Silverbox Corp. IV - Class A                            | CUSIP: G81354105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    372735 | NS      | $3902535.45   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Siddhi Acquisition Corp                  | Siddhi Acquisition Corp. - Class A                      | CUSIP: G8118C124<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1386914 | NS      | $14077177.10  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SIM Acquisition Corp I                   | SIM Acquisition Corp. I - Class A                       | CUSIP: G8431T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1625271 | NS      | $17065345.50  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /          | UMB MONEY MARKET II SPECIAL   /                         | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  58023859 | PA      | $58023858.92  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Solarius Capital Acquisition C           | Solarius Capital Acquisition Corp. - Class A            | CUSIP: G82617104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85806 | NS      | $854627.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp               | Soulpower Acquisition Corp. - Class A                   | CUSIP: G82745103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    662802 | NS      | $6681044.16   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercer Park Opportunities Corp           | Mercer Park Opportunities Corp.                         | CUSIP: G6002A196<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |    773352 | NC      | $7733.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCER PARK OPPORTUNITIES CO             | Mercer Park Opportunities Corp.                         | CUSIP: G6002A162<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |    773352 | NC      | $7733.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapiens International Corp NV            | Sapiens International Corp. N.V.                        | CUSIP: G7T16G103<br>LEI: 2549009P4ZS02GC5QV68 | Long             | EC               | CORP              | IL        |    349286 | NS      | $15019298.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Spring Valley Acquisition Corp           | Spring Valley Acquisition Corp. III - Class A           | CUSIP: G8377R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295287 | NS      | $2982398.70   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Spring Valley Acquisition Corp           | Spring Valley Acquisition Corp. III                     | CUSIP: G8377R127<br>LEI: N/A                  | Long             |  | CORP              | US        |         1 | NS      | $10.40        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPRING VALLEY ACQUISITION-A              | Spring Valley Acquisition Corp. III                     | CUSIP: G8377R119<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |     98429 | NC      | $68900.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spring Valley Acquisition Corp           | Spring Valley Acquisition Corp. II - Class A            | CUSIP: G83752108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203235 | NS      | $2542469.85   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II               | Sizzle Acquisition Corp. II - Class A                   | CUSIP: G8193F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    339375 | NS      | $3434475.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Acquisition Corp                   | Titan Acquisition Corp. - Class A                       | CUSIP: G8901A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    627836 | NS      | $6353700.32   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BERTO ACQUISITION CORP                   | BERTO ACQUISITION Corp.                                 | CUSIP: G1051H101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    835892 | NS      | $8701635.72   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Tavia Acquisition Corp                   | Tavia Acquisition Corp.                                 | CUSIP: G86880104<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    431985 | NS      | $4471044.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Translational Development Acqu           | Translational Development Acquisition Corp.             | CUSIP: G9008W105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    558342 | NS      | $5773256.28   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Bio Inc                       | Tourmaline Bio, Inc.                                    | CUSIP: 89157D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    598741 | NS      | $28637782.03  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Ventures Acquisition III           | Texas Ventures Acquisition III Corp. - Class A          | CUSIP: G8772L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1168752 | NS      | $12517333.92  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Voyager Acquisition Corp                 | Voyager Acquisition Corp.                               | CUSIP: G93A7H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1405632 | NS      | $14702910.72  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc                     | Veritex Holdings, Inc.                                  | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |   2203523 | NS      | $73884126.19  | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vine Hill Capital Investment C           | Vine Hill Capital Investment Corp. - Class A            | CUSIP: G93Y09107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1393425 | NS      | $14923581.75  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Vendome Acquisition Corp I               | Vendome Acquisition Corp. I - Class A                   | CUSIP: G9580A109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1520272 | NS      | $15096300.96  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Verona Pharma PLC                        | Verona Pharma PLC - ADR                                 | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             |  | CORP              | GB        |    775594 | NS      | $82763635.74  | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems Inc                       | Verint Systems, Inc.                                    | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |     11100 | NS      | $224775.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wen Acquisition Corp                     | Wen Acquisition Corp. - Class A                         | CUSIP: G9R39C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208818 | NS      | $2115326.34   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP            | Western Midstream Partners LP                           | CUSIP: 958669103<br>LEI: N/A                  | Short            |  | CORP              | US        |   -713896 | NS      | $-28048973.84 | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd                         | WNS Holdings Ltd.                                       | CUSIP: G98196101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | IN        |   1171116 | NS      | $89321017.32  | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimvie Inc                               | Zimvie, Inc.                                            | CUSIP: 98888T107<br>LEI: 549300GFKURT1J6XR665 | Long             | EC               | CORP              | US        |    547445 | NS      | $10368608.30  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners IV Inc            | Cantor Equity Partners IV, Inc. - Class A               | CUSIP: G1828E100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    859811 | NS      | $8761474.09   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners II Inc            | Cantor Equity Partners II, Inc. - Class A               | CUSIP: G1827P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167200 | NS      | $1763960.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Harbor Acquisition Corp            | Crane Harbor Acquisition Corp. - Class A                | CUSIP: G24979109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    376352 | NS      | $3812445.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Charlton Aria Acquisition Corp           | Charlton Aria Acquisition Corp. - Class A               | CUSIP: G9877L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    716459 | NS      | $7436844.42   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionsGate Acquisition Corp           | ChampionsGate Acquisition Corp. - Class A               | CUSIP: G2124S108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410807 | NS      | $4124502.28   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Cooper Group Inc                      | Mr Cooper Group, Inc.                                   | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |    296651 | NS      | $62531064.29  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal Redwood Acquisition Corp             | Cal Redwood Acquisition Corp. - Class A                 | CUSIP: G17564108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    333594 | NS      | $3335940.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings                       | Lionheart Holdings - Class A                            | CUSIP: G5501C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1938207 | NS      | $20370555.57  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                    | CyberArk Software Ltd.                                  | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |    103082 | NS      | $49804068.30  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Asset Acquisition Corp           | Digital Asset Acquisition Corp. - Class A               | CUSIP: G2868C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    731139 | NS      | $7472240.58   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit           | Drugs Made In America Acquisition Corp.                 | CUSIP: G2847J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1929288 | NS      | $19813787.76  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit           | Drugs Made In America Acquisition II Corp.              | CUSIP: G2851K120<br>LEI: N/A                  | Long             |  | CORP              | US        |   1618249 | NS      | $16093486.31  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Roman DBDR Acquisition Corp II           | Roman DBDR Acquisition Corp. II                         | CUSIP: G7633M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    375130 | NS      | $3867590.30   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                      | Electronic Arts, Inc.                                   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    215100 | NS      | $43385670.00  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRACE CHANGE ACQUI TENDERED SHARES   / | EMBRACE CHANGE ACQUI TENDERED SHARES   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    180000 | NS      | $2174400.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President