# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-26-067196
**Filing Date:** 2026-2
**Character Count:** 39636
**Document Hash:** 651861f5036351bf0f8b4be09b7705fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-067196.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001193125-26-067196

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**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:** 26672129

**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 SMALL CAP VALUE FUND (Series ID: S000076118)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000235565 | Institutional Class Shares | KVALX           |

## 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 Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000076118

- **c. LEI of Series:** 549300ZGCFKGI0M06414

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $67951331.59

**Total Liabilities:** $896628.41

**Net Assets:** $67054703.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235565 | -1.70%               | 2.20%                | -0.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $57079.91                | $-1230670.66                               |
| Month 2  | $61687.55                | $1360006.81                                |
| Month 3  | $405898.37               | $-813213.48                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Equity Bancshares Inc           | Equity Bancshares, Inc. - Class A              | CUSIP: 29460X109<br>LEI: 549300BPQ2EJNU4WF694 | Long             | EC               | CORP              | US        |     13724 | NS      | $612776.60    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc             | Eagle Materials, Inc.                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      2762 | NS      | $570850.16    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust   | First Industrial Realty Trust, Inc. - REIT     | CUSIP: 32054K103<br>LEI: N/A                  | Long             |  | CORP              | US        |     14854 | NS      | $850688.58    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp               | Five Star Bancorp                              | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     16460 | NS      | $588938.80    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc            | Johnson Outdoors, Inc. - Class A               | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4163 | NS      | $176719.35    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc           | Jackson Financial, Inc. - Class A              | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      6657 | NS      | $709969.05    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust         | Kite Realty Group Trust - REIT                 | CUSIP: 49803T300<br>LEI: N/A                  | Long             |  | CORP              | US        |     28461 | NS      | $682210.17    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc              | Kontoor Brands, Inc.                           | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     11068 | NS      | $676144.12    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc              | ADMA Biologics, Inc.                           | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30219 | NS      | $551194.56    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp             | Addus HomeCare Corp.                           | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      6317 | NS      | $678382.63    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc      | Atlas Energy Solutions, Inc.                   | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59685 | NS      | $562232.70    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                | AdaptHealth Corp.                              | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67491 | NS      | $672210.36    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp            | Quaker Chemical Corp.                          | CUSIP: 747316107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3796 | NS      | $521228.76    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp         | Lakeland Financial Corp.                       | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7625 | NS      | $435082.50    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co Inc/The            | Manitowoc Co., Inc.                            | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     38785 | NS      | $465032.15    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp     | National Bank Holdings Corp. - Class A         | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24134 | NS      | $917333.34    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc          | Northern Oil & Gas, Inc.                       | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     39613 | NS      | $850491.11    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                       | Enpro, Inc.                                    | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      3318 | NS      | $710483.34    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc    | Simpson Manufacturing Co., Inc.                | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      3752 | NS      | $605835.44    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc    | Texas Capital Bancshares, Inc.                 | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      9573 | NS      | $866739.42    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc              | UFP Industries, Inc.                           | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      5256 | NS      | $478558.80    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                        | UGI Corp.                                      | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     20618 | NS      | $771731.74    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc              | UMH Properties, Inc. - REIT                    | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             |  | CORP              | US        |     17948 | NS      | $285552.68    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc               | Upbound Group, Inc.                            | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     23107 | NS      | $405758.92    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc          | Valmont Industries, Inc.                       | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      2863 | NS      | $1151842.16   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp         | Wintrust Financial Corp.                       | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      7481 | NS      | $1045993.42   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc      | Xenia Hotels & Resorts, Inc. - REIT            | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             |  | CORP              | US        |     19448 | NS      | $274994.72    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc               | YETI Holdings, Inc.                            | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     15499 | NS      | $684590.83    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                  | BankUnited, Inc.                               | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     12352 | NS      | $550528.64    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                    | Cadence Bank                                   | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     18674 | NS      | $799994.16    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties         | COPT Defense Properties - REIT                 | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             |  | CORP              | US        |     12647 | NS      | $351586.60    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc  | Community Healthcare Trust, Inc. - REIT        | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             |  | CORP              | US        |     26697 | NS      | $438364.74    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The        | Chefs' Warehouse, Inc.                         | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     10015 | NS      | $624234.95    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc          | ConnectOne Bancorp, Inc.                       | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     13598 | NS      | $356539.56    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc      | Americold Realty Trust, Inc. - REIT            | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             |  | CORP              | US        |     33116 | NS      | $425871.76    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc        | Corcept Therapeutics, Inc.                     | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     11785 | NS      | $410118.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc    | Catalyst Pharmaceuticals, Inc.                 | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     42700 | NS      | $996618.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc          | Cousins Properties, Inc. - REIT                | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             |  | CORP              | US        |     19573 | NS      | $504591.94    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield Ltd         | Cushman & Wakefield Ltd.                       | CUSIP: G2717C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41839 | NS      | $677373.41    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                        | Dana, Inc.                                     | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     36197 | NS      | $860040.72    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                | HF Sinclair Corp.                              | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     16013 | NS      | $737879.04    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                      | Diodes, Inc.                                   | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      8330 | NS      | $411002.20    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                        | DNOW, Inc.                                     | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     21914 | NS      | $290360.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services   | Enterprise Financial Services Corp.            | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     10492 | NS      | $566568.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                         | EnerSys                                        | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      6626 | NS      | $972365.50    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp         | Enerpac Tool Group Corp.                       | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |      8048 | NS      | $307755.52    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr  | Essential Properties Realty Trust, Inc. - REIT | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             |  | CORP              | US        |      9704 | NS      | $287820.64    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                     | Lineage, Inc. - REIT                           | CUSIP: 53566V106<br>LEI: N/A                  | Long             |  | CORP              | US        |      6438 | NS      | $225330.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc       | American Assets Trust, Inc. - REIT             | CUSIP: 024013104<br>LEI: N/A                  | Long             |  | CORP              | US        |     24113 | NS      | $456459.09    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc        | Axcelis Technologies, Inc.                     | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      6531 | NS      | $524700.54    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie  | Applied Industrial Technologies, Inc.          | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      2185 | NS      | $561042.45    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                 | Alamo Group, Inc.                              | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      5090 | NS      | $854458.30    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co          | Abercrombie & Fitch Co. - Class A              | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      1237 | NS      | $155701.19    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc         | ANI Pharmaceuticals, Inc.                      | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      6810 | NS      | $537581.40    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc            | Astec Industries, Inc.                         | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     13159 | NS      | $570047.88    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                  | Astronics Corp.                                | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |      3391 | NS      | $183927.84    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp  | Atlantic Union Bankshares Corp.                | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16696 | NS      | $589368.80    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                     | Avista Corp.                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     14670 | NS      | $565381.80    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co        | American States Water Co.                      | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      9038 | NS      | $655074.24    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc              | Axos Financial, Inc.                           | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      9673 | NS      | $833425.68    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                      | Acuity, Inc.                                   | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1279 | NS      | $460491.16    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                         | AZZ, Inc.                                      | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     10960 | NS      | $1174692.80   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                      | Belden, Inc.                                   | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      6224 | NS      | $725407.20    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc           | LeMaitre Vascular, Inc.                        | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      6808 | NS      | $552128.80    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                         | MKS, Inc.                                      | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      5107 | NS      | $816098.60    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc           | Mesa Laboratories, Inc.                        | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      6925 | NS      | $543612.50    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co         | Modine Manufacturing Co.                       | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      3791 | NS      | $506136.41    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc             | Mercury Systems, Inc.                          | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     10736 | NS      | $783835.36    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                   | Materion Corp.                                 | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      3263 | NS      | $405656.16    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc         | Insight Enterprises, Inc.                      | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      3060 | NS      | $249298.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc              | Origin Bancorp, Inc.                           | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     23243 | NS      | $874169.23    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International Inc    | Oil States International, Inc.                 | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |     32719 | NS      | $221507.63    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc          | Old Second Bancorp, Inc.                       | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     32927 | NS      | $642076.50    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                    | Oshkosh Corp.                                  | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      5224 | NS      | $656291.12    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                        | Bank OZK                                       | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     24194 | NS      | $1113407.88   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc          | Patrick Industries, Inc.                       | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      8627 | NS      | $935425.61    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp             | PotlatchDeltic Corp. - REIT                    | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             |  | CORP              | US        |      8301 | NS      | $330213.78    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc        | Phillips Edison & Co., Inc. - REIT             | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             |  | CORP              | US        |     16735 | NS      | $595263.95    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA   | Preferred Bank/Los Angeles CA                  | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      9559 | NS      | $902656.37    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                     | Polaris, Inc.                                  | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      9280 | NS      | $586960.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos               | Piper Sandler Cos.                             | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      2055 | NS      | $698104.05    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                     | Plexus Corp.                                   | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      3738 | NS      | $549486.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp          | Progress Software Corp.                        | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     14817 | NS      | $636538.32    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc                | QCR Holdings, Inc.                             | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     11192 | NS      | $932293.60    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc        | Resideo Technologies, Inc.                     | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     20908 | NS      | $734288.96    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc        | Gibraltar Industries, Inc.                     | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12058 | NS      | $596147.52    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp            | Range Resources Corp.                          | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     22138 | NS      | $780585.88    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                         | RXO, Inc.                                      | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     19123 | NS      | $241714.72    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc   | Selective Insurance Group, Inc.                | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      8614 | NS      | $720733.38    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc            | Simulations Plus, Inc.                         | CUSIP: 829214105<br>LEI: 529900KYRDJAQ8TJCG93 | Long             | EC               | CORP              | US        |     15791 | NS      | $287869.93    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                    | SM Energy Co.                                  | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     18521 | NS      | $346342.70    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp                 | 1st Source Corp.                               | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15261 | NS      | $953659.89    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                    | H.B. Fuller Co.                                | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     14400 | NS      | $856224.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp          | Acushnet Holdings Corp.                        | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |      9796 | NS      | $781916.72    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc        | Green Brick Partners, Inc.                     | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     11886 | NS      | $744776.76    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC       | Gates Industrial Corp. PLC                     | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |     38086 | NS      | $817706.42    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc       | Halozyme Therapeutics, Inc.                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     12693 | NS      | $854238.90    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd    | Hamilton Insurance Group Ltd. - Class B        | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |     12165 | NS      | $339403.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                 | Hecla Mining Co.                               | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     23812 | NS      | $456952.28    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc         | Helios Technologies, Inc.                      | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     13702 | NS      | $732919.98    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR          | Home BancShares, Inc.                          | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30738 | NS      | $853901.64    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp          | Heritage Commerce Corp.                        | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     48095 | NS      | $577620.95    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                     | Hawkins, Inc.                                  | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      4017 | NS      | $570655.02    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products In  | Installed Building Products, Inc.              | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      2087 | NS      | $541346.93    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc           | ICF International, Inc.                        | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      2014 | NS      | $171794.20    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd              | Ichor Holdings Ltd.                            | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | US        |     23608 | NS      | $435095.44    | 0.65%             |  |  |  | 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        |   1277443 | PA      | $1277442.55   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                 | ICU Medical, Inc.                              | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      4048 | NS      | $577528.16    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                     | IDACORP, Inc.                                  | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      6788 | NS      | $859089.28    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                | IES Holdings, Inc.                             | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |      1620 | NS      | $630212.40    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 Value ETF  | iShares Russell 2000 Value ETF - ETF           | CUSIP: 464287630<br>LEI: 549300WJAJCAZZLTQD63 | Long             |  | RF                | US        |      1061 | NS      | $192263.81    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President