# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-23-007211
**Filing Date:** 2023-2
**Character Count:** 17003
**Document Hash:** 1c5948b40f140d37d9683682c3ca4043
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-007211.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001145549-23-007211

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20230331

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22894
- **FILM NUMBER:** 23647661

**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 FOMO ETF (Series ID: S000076581)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000236566 | AXS FOMO ETF | FOMO            |

## Nport-Ex

#### AXS FOMO ETF

#### SCHEDULE OF INVESTMENTS

#### As of December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 40.7%** |  |
|  | **BANKS — 3.6%** |  |
| 2234 | Bank of NT Butterfield & Son Ltd.<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$66596 |
| 1815 | Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67554 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**134150** |
|  | **BUILDING MATERIALS — 2.1%** |  |
| 1550 | American Woodmark Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**75733** |
|  | **COMMERCIAL SERVICES — 10.0%** |  |
| 494 | CorVel Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71793 |
| 1785 | Franklin Covey Co.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83485 |
| 119 | Graham Holdings Co. - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71901 |
| 3238 | Hackett Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65958 |
| 1860 | V2X, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76799 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**369936** |
|  | **DISTRIBUTION/WHOLESALE — 2.0%** |  |
| 2170 | A-Mark Precious Metals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**75364** |
|  | **DIVERSIFIED FINANCIAL SERVICES — 1.8%** |  |
| 712 | StoneX Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**67854** |
|  | **ELECTRONICS — 2.1%** |  |
| 1940 | CTS Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**76475** |
|  | **ENTERTAINMENT — 1.8%** |  |
| 874 | Monarch Casino & Resort, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**67202** |
|  | **ENVIRONMENTAL CONTROL — 2.3%** |  |
| 7380 | CECO Environmental Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**86198** |
|  | **HEALTHCARE-SERVICES — 2.2%** |  |
| 805 | Addus HomeCare Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**80089** |
|  | **INTERNET — 2.0%** |  |
| 2897 | HealthStream, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**71962** |
|  | **LEISURE TIME — 2.5%** |  |
| 3589 | MasterCraft Boat Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**92847** |
|  | **PHARMACEUTICALS — 4.5%** |  |
| 4157 | Collegium Pharmaceutical, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96442 |
| 1131 | Prestige Consumer Healthcare, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70801 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**167243** |

---

------

#### AXS FOMO ETF

#### SCHEDULE OF INVESTMENTS - Continued

#### As of December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **RETAIL — 1.8%** |  |
| 273 | Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$64382** |
|  | **SOFTWARE — 2.0%** |  |
| 4692 | Sciplay Corp. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**75447** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $1,575,118) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1504882** |
|  | **EXCHANGE-TRADED FUNDS — 15.3%** |  |
| 20403 | Invesco DB US Dollar Index Bullish Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**567407** |
|  | **TOTAL EXCHANGE-TRADED FUNDS** |  |
|  | (Cost $576,868) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**567407** |
|  | **TOTAL INVESTMENTS — 56.0%** |  |
|  | (Cost $2,151,986) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2072289** |
|  | Other Assets in Excess of Liabilities — 44.0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1630203 |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$3702492** |

---

\*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 FOMO ETF

- **b. EDGAR series identifier (if any):** S000076581

- **c. LEI of Series:** 549300SVI7CN7P62J516

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **Yes**

### Fund Information

**Total Assets:** $3724305.69

**Total Liabilities:** $21981.17

**Net Assets:** $3702324.52

**Cash Not Reported:** $1642935.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236566 | -0.56%               | 0.28%                | -7.41%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-48031.97               | $17728.86                                  |
| Month 2  | $25920.11                | $-23257.92                                 |
| Month 3  | $-230070.30              | $-73775.43                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| The Bank of N.T. Butterfield & Son Limited | The Bank of N.T. Butterfield & Son Limited COM BMD0.01(POST REV SPLIT) | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |      2234 | NS      | $66595.54     | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| A-Mark Precious Metals Inc.                | A-Mark Precious Metals Inc. COM USD0.01                                | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |      2170 | NS      | $75364.10     | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus Homecare Corp                        | Addus Homecare Corp COM USD0.001                                       | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |       805 | NS      | $80089.45     | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corporation              | American Woodmark Corporation COM NPV                                  | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      1550 | NS      | $75733.00     | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp.                   | CECO Environmental Corp. COM USD0.01                                   | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |      7380 | NS      | $86198.40     | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corporation                            | CTS Corporation COM NPV                                                | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |      1940 | NS      | $76474.80     | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                           | StoneX Group Inc COM                                                   | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |       712 | NS      | $67853.60     | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                    | V2X Inc COM USD0.01                                                    | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1860 | NS      | $76799.40     | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp.                              | Winmark Corp. COM NPV                                                  | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       273 | NS      | $64381.59     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Db Us Dollar Index Trust           | Invesco Db Us Dollar Index Trust BULLISH FD                            | CUSIP: 46141D203<br>LEI: 549300EQNVZBIIIK2J51 | Long             | EC               | RF                | US        |     20403 | NS      | $567407.43    | 15.33%            |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings Inc.             | MasterCraft Boat Holdings Inc. COM USD0.01                             | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |      3589 | NS      | $92847.43     | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                | Monarch Casino & Resort Inc COM USD0.01                                | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |       874 | NS      | $67201.86     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Corp.          | Peapack-Gladstone Financial Corp. COM NPV                              | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |      1815 | NS      | $67554.30     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc           | Prestige Consumer Healthcare Inc COM USD0.01                           | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1131 | NS      | $70800.60     | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sciplay Corporation                        | Sciplay Corporation COM USD0.001 CL A                                  | CUSIP: 809087109<br>LEI: 549300B8E2F1A3EW6869 | Long             | EC               | CORP              | US        |      4692 | NS      | $75447.36     | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc.              | Collegium Pharmaceutical Inc. COM USD0.001                             | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |      4157 | NS      | $96442.40     | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Corvel Corp                                | Corvel Corp COM USD0.0001                                              | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       494 | NS      | $71793.02     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co                          | Franklin Covey Co COM USD0.05                                          | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1785 | NS      | $83484.45     | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                         | Graham Holdings Co COM USD1                                            | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |       119 | NS      | $71900.99     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc.                         | Hackett Group Inc. COM STK USD0.001                                    | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |      3238 | NS      | $65958.06     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc.                          | HealthStream Inc. COM NPV                                              | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |      2897 | NS      | $71961.48     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-05

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

**Signature:** /s/ Terrance P. Gallagher

**Name of Signer:** Terrance P. Gallagher

**Title:** President