# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-26-232444
**Filing Date:** 2026-5
**Character Count:** 54376
**Document Hash:** 22dd49449f3a91c948a54d8f74be12fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-232444.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0001193125-26-232444

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**PERIOD START**: 20261231

**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:** 261003485

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

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

## Series and Classes Contracts Data

### Kennedy Capital ESG SMID Cap Fund (Series ID: S000063803)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000206710 | Institutional Class Shares | KESGX           |

## Nport-Ex

#### Kennedy Capital ESG SMID Cap Fund

#### SCHEDULE OF INVESTMENTS

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 96.3%** |  |
|  | **CONSUMER DISCRETIONARY — 9.6%** |  |
| 7177 | Acushnet Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$670906 |
| 5904 | Boot Barn Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864109 |
| 1069 | Cavco Industries, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517706 |
| 5531 | Grand Canyon Education, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940436 |
| 2133 | Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705234 |
| 26955 | LKQ Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791668 |
| 7493 | SharkNinja, Inc. \*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793509 |
| 2706 | TopBuild Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950618 |
| 1760 | Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752488 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6986674** |
|  | **CONSUMER STAPLES — 2.5%** |  |
| 7328 | Post Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724446 |
| 12069 | U.S. Foods Holding Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1112883 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1837329** |
|  | **FINANCIALS — 11.7%** |  |
| 4505 | Assurant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981234 |
| 10875 | Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709159 |
| 15964 | Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785429 |
| 8280 | East West Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883973 |
| 2310 | LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694917 |
| 7661 | Popular, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027876 |
| 5268 | Selective Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397155 |
| 8476 | SouthState Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784199 |
| 8892 | Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657297 |
| 11186 | Voya Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764227 |
| 5837 | Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;810993 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8496459** |
|  | **HEALTH CARE — 13.4%** |  |
| 17503 | Agios Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592127 |
| 3788 | Apogee Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318836 |
| 29621 | AtriCure, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845087 |
| 1376 | Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519770 |
| 8559 | Encompass Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827912 |
| 13133 | Enovis Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298776 |
| 4397 | GeneDx Holdings Corporation\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282375 |
| 7410 | Globus Medical, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638446 |
| 9721 | Hologic, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734810 |
| 3743 | ICON PLC\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414200 |
| 8440 | ICU Medical, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1090026 |
| 2295 | Insmed, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375279 |
| 5321 | Integer Holdings Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468248 |
| 4504 | Ionis Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338205 |

---

------

#### Kennedy Capital ESG SMID Cap Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **HEALTH CARE (Continued)** |  |
| 81415 | Neogen Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$756345 |
| 2566 | Neurocrine Biosciences, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338045 |
| 10130 | Newamsterdam Pharma Co. N.V.\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324261 |
| 22542 | Waystar Holding Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543488 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9706236** |
|  | **INDUSTRIALS — 30.9%** |  |
| 6935 | AAON, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573871 |
| 5527 | Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911789 |
| 15345 | Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871136 |
| 6137 | Brink's Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635977 |
| 1062 | CACI International, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577590 |
| 6308 | Casella Waste Systems, Inc. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500477 |
| 3548 | Crane Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606708 |
| 2505 | EnerSys | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435169 |
| 9557 | Esab Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923780 |
| 3934 | ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1106910 |
| 9461 | Franklin Electric Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872020 |
| 5151 | Generac Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006145 |
| 8335 | ICF International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544192 |
| 5480 | ITT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044104 |
| 30434 | LSI Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566072 |
| 11917 | Mercury Systems, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868869 |
| 3190 | Modine Manufacturing Co.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691305 |
| 2879 | MSA Safety, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472012 |
| 5442 | nVent Electric PLC<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643680 |
| 3817 | Regal Rexnord Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714771 |
| 44813 | RXO, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655166 |
| 4856 | SPX Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970909 |
| 34986 | StandardAero, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903688 |
| 10123 | Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719340 |
| 1511 | Sterling Construction Co., Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615385 |
| 14118 | Terex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834374 |
| 15595 | Thermon Group Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785988 |
| 2544 | Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1016506 |
| 2004 | Woodward, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717272 |
| 15655 | Zurn Elkay Water Solutions Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701970 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22487175** |
|  | **INFORMATION TECHNOLOGY — 15.4%** |  |
| 12414 | Adeia, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298308 |
| 27858 | Allegro MicroSystems, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878363 |
| 3246 | Applied Optoelectronics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274579 |
| 5002 | Badger Meter, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762055 |
| 4003 | Coherent Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953555 |

---

------

#### Kennedy Capital ESG SMID Cap Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **INFORMATION TECHNOLOGY (Continued)** |  |
| 17225 | JFrog, Ltd.\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$808369 |
| 4360 | Onto Innovation, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894105 |
| 2972 | OSI Systems, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789096 |
| 5991 | Qnity Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691241 |
| 29415 | Ralliant Corporation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223370 |
| 4860 | SPS Commerce, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270556 |
| 6637 | TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1119728 |
| 1708 | Teledyne Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1033357 |
| 8268 | Trimble, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539322 |
| 28571 | Unity Software, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626848 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11162852** |
|  | **MATERIALS — 5.1%** |  |
| 4455 | Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769290 |
| 8993 | H.B. Fuller Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554688 |
| 3818 | Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474310 |
| 2534 | Reliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770133 |
| 8528 | RPM International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847683 |
| 8114 | TriMas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291617 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3707721** |
|  | **REAL ESTATE — 5.6%** |  |
| 19543 | American Healthcare REIT, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921648 |
| 16009 | First Industrial Realty Trust, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926120 |
| 2729 | Jones Lang LaSalle, Inc. - REIT\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830489 |
| 34265 | Kite Realty Group Trust - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841206 |
| 4664 | Mid-America Apartment Communities, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569568 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4089031** |
|  | **UTILITIES — 2.1%** |  |
| 18103 | California Water Service Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820790 |
| 17887 | Essential Utilities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720310 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1541100** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $60,247,136) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**70014577** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 3.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2630159 | UMB Money Market Special, 2.71%<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2630159 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost $2,630,159) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2630159** |
|  | **TOTAL INVESTMENTS — 99.9%** |  |
|  | (Cost $62,877,295) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**72644736** |

---

------

#### Kennedy Capital ESG SMID Cap Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  | Value |
|  | Other Assets in Excess of Liabilities — 0.1% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64180 |
|  | **NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$72708916** |

---

PLC – Public Limited Company <br> REIT – Real Estate Investment Trusts

\* Non-income producing security. <br> <sup>1</sup> Foreign security denominated in U.S. Dollars. <br> <sup>2</sup> The rate is the annualized seven-day yield at period end.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Kennedy Capital ESG SMID Cap Fund

- **b. EDGAR series identifier (if any):** S000063803

- **c. LEI of Series:** 549300D7O5UYS78YJD40

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $73174881.35

**Total Liabilities:** $456597.61

**Net Assets:** $72718283.74

**Cash Not Reported:** $399162.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206710 | 5.53%                | 4.21%                | -7.54%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $380115.16               | $3509876.15                                |
| Month 2  | $1984641.23              | $1142178.81                                |
| Month 3  | $913645.93               | $-6825099.69                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Applied Optoelectronics Inc     | Applied Optoelectronics, Inc.                  | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |      3246 | NS      | $274579.14    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                        | AAON, Inc.                                     | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6935 | NS      | $573871.25    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                       | Adeia, Inc.                                    | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12414 | NS      | $298308.42    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc       | Agios Pharmaceuticals, Inc.                    | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     17503 | NS      | $592126.49    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc    | American Healthcare REIT, Inc. - REIT          | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             |  | CORP              | US        |     19543 | NS      | $921647.88    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                    | Assurant, Inc.                                 | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      4505 | NS      | $981234.05    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                 | Alamo Group, Inc.                              | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      5527 | NS      | $911789.19    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc        | Allegro MicroSystems, Inc.                     | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27858 | NS      | $878362.74    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc         | Apogee Therapeutics, Inc.                      | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3788 | NS      | $318835.96    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies   | Atmus Filtration Technologies, Inc.            | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15345 | NS      | $871135.65    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                    | AtriCure, Inc.                                 | CUSIP: 04963C209<br>LEI: 254900B2I6GPHK2EXM59 | Long             | EC               | CORP              | US        |     29621 | NS      | $845087.13    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp             | Avery Dennison Corp.                           | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      4455 | NS      | $769289.40    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                  | Brink's Co.                                    | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      6137 | NS      | $635977.31    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                   | TopBuild Corp.                                 | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      2706 | NS      | $950617.80    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                | Badger Meter, Inc.                             | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      5002 | NS      | $762054.70    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                        | LKQ Corp.                                      | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     26955 | NS      | $791668.35    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc      | Grand Canyon Education, Inc.                   | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      5531 | NS      | $940435.93    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc      | LPL Financial Holdings, Inc.                   | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2310 | NS      | $694917.30    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc              | LSI Industries, Inc.                           | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |     30434 | NS      | $566072.40    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit  | Mid-America Apartment Communities, Inc. - REIT | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             |  | CORP              | US        |      4664 | NS      | $569567.68    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co         | Modine Manufacturing Co.                       | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      3190 | NS      | $691304.90    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc             | Mercury Systems, Inc.                          | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     11917 | NS      | $868868.47    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                  | MSA Safety, Inc.                               | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      2879 | NS      | $472012.05    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Newamsterdam Pharma Co NV       | Newamsterdam Pharma Co. N.V.                   | CUSIP: N62509109<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |     10130 | NS      | $324261.30    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc      | Neurocrine Biosciences, Inc.                   | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      2566 | NS      | $338044.84    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                     | Neogen Corp.                                   | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |     81415 | NS      | $756345.35    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC              | nVent Electric PLC                             | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      5442 | NS      | $643679.76    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc             | Onto Innovation, Inc.                          | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      4360 | NS      | $894105.20    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                 | OSI Systems, Inc.                              | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      2972 | NS      | $789095.72    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc               | Post Holdings, Inc.                            | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      7328 | NS      | $724446.08    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc           | Qnity Electronics, Inc.                        | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |      5991 | NS      | $691241.58    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                   | Ralliant Corp.                                 | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |     29415 | NS      | $1223369.85   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc           | RPM International, Inc.                        | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      8528 | NS      | $847683.20    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp              | Regal Rexnord Corp.                            | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      3817 | NS      | $714771.42    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc     | Sterling Infrastructure, Inc.                  | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      1511 | NS      | $615384.97    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc      | Stanley Black & Decker, Inc.                   | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     10123 | NS      | $719340.38    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc       | Teledyne Technologies, Inc.                    | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      1708 | NS      | $1033357.08   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                      | Terex Corp.                                    | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     14118 | NS      | $834373.80    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc      | Thermon Group Holdings, Inc.                   | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     15595 | NS      | $785988.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                     | Trimble, Inc.                                  | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      8268 | NS      | $539321.64    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                     | TriMas Corp.                                   | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |      8114 | NS      | $291617.16    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc              | Unity Software, Inc.                           | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |     28571 | NS      | $626847.74    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp           | U.S. Foods Holding Corp.                       | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     12069 | NS      | $1112882.49   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO      | Commerce Bancshares, Inc.                      | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15964 | NS      | $785428.80    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                     | Chemed Corp.                                   | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      1376 | NS      | $519770.24    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                   | Coherent Corp.                                 | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      4003 | NS      | $953554.63    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                        | Crane Co.                                      | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      3548 | NS      | $606708.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc            | Cavco Industries, Inc.                         | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1069 | NS      | $517706.01    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc       | Casella Waste Systems, Inc. - Class A          | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |      6308 | NS      | $500476.72    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group  | California Water Service Group                 | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     18103 | NS      | $820790.02    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp           | Encompass Health Corp.                         | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      8559 | NS      | $827912.07    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                     | Enovis Corp.                                   | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     13133 | NS      | $298775.75    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                         | EnerSys                                        | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      2505 | NS      | $435168.60    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                       | Esab Corp.                                     | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      9557 | NS      | $923779.62    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust         | Kite Realty Group Trust - REIT                 | CUSIP: 49803T300<br>LEI: N/A                  | Long             |  | CORP              | US        |     34265 | NS      | $841205.75    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp            | Quaker Chemical Corp.                          | CUSIP: 747316107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3818 | NS      | $474310.14    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc   | Selective Insurance Group, Inc.                | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      5268 | NS      | $397154.52    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                  | SharkNinja, Inc.                               | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7493 | NS      | $793508.70    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                  | TD SYNNEX Corp.                                | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      6637 | NS      | $1119728.27   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                | SPS Commerce, Inc.                             | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      4860 | NS      | $270556.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc            | SPX Technologies, Inc.                         | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |      4856 | NS      | $970908.64    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP            | SOUTHSTATE BANK Corp.                          | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      8476 | NS      | $784199.52    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp                    | Winmark Corp.                                  | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1760 | NS      | $752488.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp         | Wintrust Financial Corp.                       | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      5837 | NS      | $810992.78    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc         | Essential Utilities, Inc.                      | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     17887 | NS      | $720309.49    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                    | Woodward, Inc.                                 | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      2004 | NS      | $717271.68    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor  | Zurn Elkay Water Solutions Corp.               | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     15655 | NS      | $701970.20    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc          | Boot Barn Holdings, Inc.                       | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      5904 | NS      | $864109.44    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                     | Popular, Inc.                                  | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      7661 | NS      | $1027876.37   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc               | Brown & Brown, Inc.                            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     10875 | NS      | $709158.75    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc          | CACI International, Inc. - Class A             | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1062 | NS      | $577589.94    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp           | Integer Holdings Corp.                         | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      5321 | NS      | $468248.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                         | ITT, Inc.                                      | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      5480 | NS      | $1044104.40   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc          | Jones Lang LaSalle, Inc.                       | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      2729 | NS      | $830489.28    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                    | Reliance, Inc.                                 | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      2534 | NS      | $770133.28    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                         | RXO, Inc.                                      | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     44813 | NS      | $655166.06    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                | StandardAero, Inc.                             | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34986 | NS      | $903688.38    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp           | Stifel Financial Corp.                         | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      8892 | NS      | $657296.64    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc          | Valmont Industries, Inc.                       | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      2544 | NS      | $1016506.08   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc              | Voya Financial, Inc.                           | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     11186 | NS      | $764227.52    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp            | Waystar Holding Corp.                          | CUSIP: 946784105<br>LEI: 529900QJLKXDYU36MH89 | Long             | EC               | CORP              | US        |     22542 | NS      | $543487.62    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp            | GeneDx Holdings Corp.                          | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4397 | NS      | $282375.34    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc           | ESCO Technologies, Inc.                        | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      3934 | NS      | $1106909.58   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc           | East West Bancorp, Inc.                        | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |      8280 | NS      | $883972.80    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc        | Franklin Electric Co., Inc.                    | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      9461 | NS      | $872020.37    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust   | First Industrial Realty Trust, Inc. - REIT     | CUSIP: 32054K103<br>LEI: N/A                  | Long             |  | CORP              | US        |     16009 | NS      | $926120.65    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                       | JFrog Ltd.                                     | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | US        |     17225 | NS      | $808369.25    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                    | H.B. Fuller Co.                                | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |      8993 | NS      | $554688.24    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc              | Globus Medical, Inc. - Class A                 | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      7410 | NS      | $638445.60    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc            | Generac Holdings, Inc.                         | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      5151 | NS      | $1006144.83   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp          | Acushnet Holdings Corp.                        | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |      7177 | NS      | $670905.96    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc          | Group 1 Automotive, Inc.                       | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      2133 | NS      | $705233.79    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                     | Hologic, Inc.                                  | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      9721 | NS      | $734810.39    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc           | ICF International, Inc.                        | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      8335 | NS      | $544192.15    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                        | ICON PLC                                       | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      3743 | NS      | $414200.38    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   / | UMB MONEY MARKET II SPECIAL   /                | CUSIP: SF8888651<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2392134 | PA      | $2392133.69   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                 | ICU Medical, Inc.                              | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      8440 | NS      | $1090026.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                      | Insmed, Inc.                                   | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      2295 | NS      | $375278.40    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc       | Ionis Pharmaceuticals, Inc.                    | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      4504 | NS      | $338205.36    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-09

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President