# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-23-007296
**Filing Date:** 2023-2
**Character Count:** 41998
**Document Hash:** 77e8926b15b0929b6dd007823314ad30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-007296.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001145549-23-007296

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22894
- **FILM NUMBER:** 23648592

**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           |

## 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:** 2022-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $39275660.11

**Total Liabilities:** $391495.04

**Net Assets:** $38884165.07

**Cash Not Reported:** $19499.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206710 | 7.99%                | 4.49%                | -4.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-324221.51              | $2946481.48                                |
| Month 2  | $-61795.65               | $1718302.09                                |
| Month 3  | $-365978.04              | $-1542229.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAON Inc                       | AAON, Inc.                                                       | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4437 | NS      | $334194.84    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc  | American Eagle Outfitters, Inc.                                  | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     11292 | NS      | $157636.32    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp      | Albany International Corp. - Class A                             | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      4524 | NS      | $446021.16    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                   | Assurant, Inc.                                                   | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      2326 | NS      | $290889.56    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                    | Avient Corp.                                                     | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      7003 | NS      | $236421.28    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Axonics Inc                    | Axonics, Inc.                                                    | CUSIP: 05465P101<br>LEI: 549300LJY4X7N57VJL05 | Long             | EC               | CORP              | US        |      3743 | NS      | $234049.79    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise, Inc.                                            | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2316 | NS      | $384293.88    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantica Sustainable Infrastr | Atlantica Sustainable Infrastructure PLC                         | CUSIP: G0751N103<br>LEI: 549300ITBBGKJ651R879 | Long             | EC               | CORP              | GB        |     12371 | NS      | $320408.90    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                    | Banner Corp.                                                     | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5212 | NS      | $329398.40    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE              | Brunswick Corp.                                                  | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      4879 | NS      | $351678.32    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Ltd                      | Bunge Ltd.                                                       | CUSIP: G16962105<br>LEI: 5493007M0RIN8HY3MM77 | Long             | EC               | CORP              | US        |      2387 | NS      | $238150.99    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                 | BankUnited, Inc.                                                 | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |      9517 | NS      | $323292.49    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                  | TopBuild Corp.                                                   | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      2853 | NS      | $446465.97    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DMC Global Inc                 | DMC Global, Inc.                                                 | CUSIP: 23291C103<br>LEI: 549300CBDXD1Z5MRNG02 | Long             | EC               | CORP              | US        |     25161 | NS      | $489129.84    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc              | Brown & Brown, Inc.                                              | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      6510 | NS      | $370874.70    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO     | Commerce Bancshares, Inc.                                        | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7396 | NS      | $503415.09    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc             | Crown Holdings, Inc.                                             | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      4560 | NS      | $374877.60    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                    | Chemed Corp.                                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       792 | NS      | $404260.56    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                 | ChampionX Corp.                                                  | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |     14822 | NS      | $429689.78    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co         | Columbia Sportswear Co.                                          | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |      4893 | NS      | $428528.94    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories Int | Charles River Laboratories International, Inc.                   | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      1259 | NS      | $274336.10    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd          | CyberArk Software Ltd.                                           | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      3493 | NS      | $452867.45    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc               | Leonardo DRS, Inc.                                               | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     46338 | NS      | $592199.64    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc          | Euronet Worldwide, Inc.                                          | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      4545 | NS      | $428957.10    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc       | EastGroup Properties, Inc. - REIT                                | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             |  | CORP              | US        |      2727 | NS      | $403759.62    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enhabit Inc                    | Enhabit, Inc.                                                    | CUSIP: 29332G102<br>LEI: 549300RFQ78SLDFSHF49 | Long             | EC               | CORP              | US        |     21148 | NS      | $278307.68    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp          | Encompass Health Corp.                                           | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      6918 | NS      | $413765.58    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                 | elf Beauty, Inc.                                                 | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      3302 | NS      | $182600.60    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc          | ESCO Technologies, Inc.                                          | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      4383 | NS      | $383687.82    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                     | Elastic N.V.                                                     | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | US        |      3740 | NS      | $192610.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Everbridge Inc                 | Everbridge, Inc.                                                 | CUSIP: 29978A104<br>LEI: 549300WCY0UMR64ATW81 | Long             | EC               | CORP              | US        |      7655 | NS      | $226434.90    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health Inc             | Evolent Health, Inc. - Class A                                   | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |     21968 | NS      | $616861.44    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc          | East West Bancorp, Inc.                                          | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5999 | NS      | $395334.10    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc   | FactSet Research Systems, Inc.                                   | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       486 | NS      | $194988.06    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5, Inc.                                                         | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1305 | NS      | $187280.55    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc           | First Foundation, Inc.                                           | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |     14597 | NS      | $209175.01    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                 | Globe Life, Inc.                                                 | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      3920 | NS      | $472556.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                    | Gentex Corp.                                                     | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     11298 | NS      | $308096.46    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc           | Chart Industries, Inc.                                           | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      1971 | NS      | $227118.33    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc      | Halozyme Therapeutics, Inc.                                      | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      8659 | NS      | $492697.10    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                     | Hasbro, Inc.                                                     | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      2946 | NS      | $179735.46    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannon Armstrong Sustainable I | Hannon Armstrong Sustainable Infrastructure Capital, Inc. - REIT | CUSIP: 41068X100<br>LEI: N/A                  | Long             |  | CORP              | US        |     10154 | NS      | $294262.92    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd              | Helen of Troy Ltd.                                               | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2982 | NS      | $330733.62    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                | Hillenbrand, Inc.                                                | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |      3190 | NS      | $136117.30    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeStreet Inc                 | HomeStreet, Inc.                                                 | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6258 | NS      | $172595.64    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                       | ICON PLC                                                         | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      1381 | NS      | $268259.25    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                | ICU Medical, Inc.                                                | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      3835 | NS      | $603935.80    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp.                                                       | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      1888 | NS      | $431087.04    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc      | Ionis Pharmaceuticals, Inc.                                      | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      4059 | NS      | $153308.43    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Iovance Biotherapeutics Inc    | Iovance Biotherapeutics, Inc.                                    | CUSIP: 462260100<br>LEI: 549300220Z2GHH33XL82 | Long             | EC               | CORP              | US        |     13964 | NS      | $89229.96     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc  | Independence Realty Trust, Inc. - REIT                           | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             |  | CORP              | US        |     24179 | NS      | $407657.94    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intra-Cellular Therapies Inc   | Intra-Cellular Therapies, Inc.                                   | CUSIP: 46116X101<br>LEI: 5299002U2KGF193IJA20 | Long             | EC               | CORP              | US        |      4065 | NS      | $215119.80    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp    | John Bean Technologies Corp.                                     | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |      2184 | NS      | $199464.72    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc         | Jones Lang LaSalle, Inc.                                         | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      2000 | NS      | $318740.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc | Kulicke & Soffa Industries, Inc.                                 | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | SG        |      6157 | NS      | $272508.82    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust        | Kite Realty Group Trust - REIT                                   | CUSIP: 49803T300<br>LEI: N/A                  | Long             |  | CORP              | US        |     20683 | NS      | $435377.15    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc              | Lithia Motors, Inc.                                              | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      1509 | NS      | $308952.66    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                   | LivaNova PLC                                                     | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |      5481 | NS      | $304414.74    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                       | LKQ Corp.                                                        | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      9217 | NS      | $492279.97    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc     | LPL Financial Holdings, Inc.                                     | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      1096 | NS      | $236922.32    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Livent Corp                    | Livent Corp.                                                     | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | EC               | CORP              | US        |      9276 | NS      | $184314.12    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                | Macerich Co. - REIT                                              | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             |  | CORP              | US        |     31669 | NS      | $356592.94    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                    | Magnite, Inc.                                                    | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     17761 | NS      | $188088.99    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The              | Middleby Corp.                                                   | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      2097 | NS      | $280788.30    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   / | UMB MONEY MARKET FIDUCIARY   /                                   | CUSIP: SF8888528<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1389982 | PA      | $1389981.97   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp   | Topgolf Callaway Brands Corp.                                    | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |     24682 | NS      | $487469.50    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc            | Mercury Systems, Inc.                                            | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      8569 | NS      | $383377.06    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                 | MSA Safety, Inc.                                                 | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      3518 | NS      | $507260.42    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts, Inc.                                               | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      1210 | NS      | $288403.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc     | Neurocrine Biosciences, Inc.                                     | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      1903 | NS      | $227294.32    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                   | Nordson Corp.                                                    | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      1626 | NS      | $386532.72    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Tr | National Storage Affiliates Trust - REIT                         | CUSIP: 637870106<br>LEI: N/A                  | Long             |  | CORP              | US        |      7267 | NS      | $262484.04    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NuVasive Inc                   | NuVasive, Inc.                                                   | CUSIP: 670704105<br>LEI: 549300C5ZB4NZ6TWM881 | Long             | EC               | CORP              | US        |      6569 | NS      | $270905.56    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NextGen Healthcare Inc         | NextGen Healthcare, Inc.                                         | CUSIP: 65343C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10749 | NS      | $201866.22    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                   | Omnicell, Inc.                                                   | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      4329 | NS      | $218268.18    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PacWest Bancorp                | PacWest Bancorp                                                  | CUSIP: 695263103<br>LEI: 549300YI8VMFO7G36V04 | Long             | EC               | CORP              | US        |      5657 | NS      | $129828.15    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp         | Paylocity Holding Corp.                                          | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      1549 | NS      | $300908.74    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty Inc                  | PagerDuty, Inc.                                                  | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |      8079 | NS      | $214578.24    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                    | Premier, Inc. - Class A                                          | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12462 | NS      | $435920.76    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                      | Pool Corp.                                                       | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      1222 | NS      | $369447.26    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Perficient Inc                 | Perficient, Inc.                                                 | CUSIP: 71375U101<br>LEI: 549300HTBXKL2755T650 | Long             | EC               | CORP              | US        |      2029 | NS      | $141685.07    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc  | Papa John's International, Inc.                                  | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |      2836 | NS      | $233431.16    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                    | Rogers Corp.                                                     | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      1821 | NS      | $217318.14    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp             | Regal Rexnord Corp.                                              | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      3626 | NS      | $435047.48    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co   | Reliance Steel & Aluminum Co.                                    | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      2919 | NS      | $590922.36    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp          | Stifel Financial Corp.                                           | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      6714 | NS      | $391896.18    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd              | Steven Madden Ltd.                                               | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |      6390 | NS      | $204224.40    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                 | TD SYNNEX Corp.                                                  | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      2304 | NS      | $218211.84    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings In | Spirit AeroSystems Holdings, Inc. - Class A                      | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7158 | NS      | $211876.80    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SunOpta Inc                    | SunOpta, Inc.                                                    | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | US        |     30903 | NS      | $260821.32    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc            | Sun Communities, Inc. - REIT                                     | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             |  | CORP              | US        |      2281 | NS      | $326183.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc     | Stanley Black & Decker, Inc.                                     | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      4750 | NS      | $356820.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies, Inc.                                      | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      1992 | NS      | $796620.72    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne, Inc.                                                   | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      2390 | NS      | $208766.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc     | Thermon Group Holdings, Inc.                                     | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     27182 | NS      | $545814.56    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc            | Titan Machinery, Inc.                                            | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |      3289 | NS      | $130671.97    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co., Inc.                                                   | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8633 | NS      | $365434.89    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                    | Trimble, Inc.                                                    | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     11912 | NS      | $602270.72    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                 | Tetra Tech, Inc.                                                 | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      2392 | NS      | $347294.48    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc       | United Natural Foods, Inc.                                       | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |      9997 | NS      | $386983.87    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals, Inc.                                             | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       790 | NS      | $280781.80    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries, Inc.                                         | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      2335 | NS      | $772114.45    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc             | Voya Financial, Inc.                                             | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      8075 | NS      | $496531.75    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc     | Vishay Precision Group, Inc.                                     | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20282 | NS      | $783899.30    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp       | Western Alliance Bancorp                                         | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      5188 | NS      | $308997.28    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc            | Walker & Dunlop, Inc.                                            | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3715 | NS      | $291553.20    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd               | WNS Holdings Ltd. - ADR                                          | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             |  | CORP              | IN        |      7480 | NS      | $598325.20    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                  | Wolfspeed, Inc.                                                  | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |      2683 | NS      | $185234.32    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp        | Wintrust Financial Corp.                                         | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      4059 | NS      | $343066.68    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc        | Essential Utilities, Inc.                                        | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     10381 | NS      | $495485.13    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                        | XPO, Inc.                                                        | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |      6004 | NS      | $199873.16    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor | Zurn Elkay Water Solutions Corp.                                 | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     17065 | NS      | $360924.75    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

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

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

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

**Title:** President