# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-23-010361
**Filing Date:** 2023-2
**Character Count:** 25013
**Document Hash:** a6eea7bfcdedcffb188b89bcdd21bafc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010361.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010361

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230930

**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:** 23671392

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

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

## Series and Classes Contracts Data

### AXS Chesapeake Strategy Fund (Series ID: S000066565)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000214735 | Class I Shares | EQCHX           |
| C000214736 | Class A Shares | ECHAX           |
| C000214737 | Class C Shares | ECHCX           |

## Nport-Ex

**AXS Chesapeake Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

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

---

| | |
|:---|:---|
| Number of<br> Shares | Value |
| 42444080 Fidelity Investments Money Market Government Portfolio - Class I, 2.70%<sup>1</sup> | $42444080 |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
| $11817533 | UMB Bank Demand Deposit, 0.01%<sup>1, 2</sup> | 11817533 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $54,261,613) | **54261613** |
|  | **TOTAL INVESTMENTS — 92.5%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $54,261,613) | **54261613** |
|  | Other Assets in Excess of Liabilities — 7.5% | 4398872 |
|  | **TOTAL NET ASSETS — 100.0%** | $**58660485** |

---

<sup>1</sup> The rate is the annualized seven-day yield at period end.

<sup>2</sup> All or a portion of this investment is a holding of AXS Chesapeake Strategy Fund Limited.

**AXS Chesapeake Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

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

**FUTURES CONTRACTS**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Long Contracts** | **Expiration**<br> **Date** | **Number of**<br> **Contracts** | **Notional**<br> **Value\*** | **Value at**<br> **December 31, 2022** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| **Commodity Futures** |  |  |  |  |  |
| CBOT Corn<sup>1</sup> | March 2023 | 13 | 434038 | 441025 | $6987 |
| CBOT Soybean Oil<sup>1</sup> | March 2023 | 17 | 648516 | 653514 | 4998 |
| CME Live Cattle<sup>1</sup> | February 2023 | 31 | 1950494 | 1957960 | 7466 |
| LME Lead<sup>1</sup> | March 2023 | 14 | 795375 | 808325 | 12950 |
| NYBOT Sugar #11<sup>1</sup> | March 2023 | 106 | 2412539 | 2379149 | (33390) |
| NYMEX NY Harbor ULSD<sup>1</sup> | February 2023 | 5 | 633360 | 691950 | 58590 |
| **Currency Futures** |  |  |  |  |  |
| Brazil Real | February 2023 | 96 | 1838400 | 1789920 | (48480) |
| CME Mexican Peso | March 2023 | 70 | 1740958 | 1771700 | 30742 |
| Swedish Krona | March 2023 | 21 | 21526050 | 21554919 | 28869 |
| **Index Futures** |  |  |  |  |  |
| ICF FTSE 100 Index | March 2023 | 4 | 303820 | 297558 | (6262) |
| **Total Long Contracts** |  |  | **32283550** | **32346020** | **62470** |
| **Short Contracts** |  |  |  |  |  |
| **Commodity Futures** |  |  |  |  |  |
| CBOT Wheat<sup>1</sup> | March 2023 | (16) | (603875) | (633600) | (29725) |
| CMX Copper<sup>1</sup> | March 2023 | (7) | (630875) | (666838) | (35963) |
| CMX Gold<sup>1</sup> | February 2023 | (8) | (1406800) | (1460960) | (54160) |
| LME Lead<sup>1</sup> | March 2023 | (14) | (768950) | (808325) | (39375) |
| LME Primary Aluminum<sup>1</sup> | March 2023 | (11) | (685025) | (652303) | 32722 |
| LME Zinc<sup>1</sup> | March 2023 | (6) | (483000) | (446475) | 36525 |
| NYBOT Coffee 'C'<sup>1</sup> | March 2023 | (16) | (956175) | (1003800) | (47625) |
| NYBOT Cotton #2<sup>1</sup> | March 2023 | (20) | (880000) | (833700) | 46300 |
| NYMEX Palladium<sup>1</sup> | March 2023 | (1) | (165700) | (179800) | (14100) |
| **Currency Futures** |  |  |  |  |  |
| Canadian Dollar | March 2023 | (56) | (4101720) | (4139520) | (37800) |
| CME Australian Dollar | March 2023 | (33) | (2240073) | (2253405) | (13332) |
| CME British Pound | March 2023 | (31) | (2387775) | (2341275) | 46500 |
| CME Euro | March 2023 | (11) | (1463811) | (1478675) | (14864) |
| CME Japanese Yen | March 2023 | (24) | (2217150) | (2312100) | (94950) |
| Indian Rupee | January 2023 | (151) | (9084104) | (9122664) | (38560) |
| New Zealand Dollar | March 2023 | (36) | (2306340) | (2283840) | 22500 |
| **Index Futures** |  |  |  |  |  |
| CME E-mini S&P 500 | March 2023 | (4) | (799460) | (772200) | 27260 |
| CME NASDAQ 100 E-Mini | March 2023 | (1) | (235170) | (220445) | 14725 |
| EUX DAX Index | March 2023 | (3) | (1081050) | (1046850) | 34200 |
| FTSE China A50 | January 2023 | (100) | (1280600) | (1308400) | (27800) |
| MSCI Emerging Markets | March 2023 | (11) | (541475) | (527670) | 13805 |
| **Interest Rate Futures** |  |  |  |  |  |
| CBOT 5-Year U.S. Treasury Note | March 2023 | (132) | (14259719) | (14246718) | 13001 |
| CBOT 10-Year U.S. Treasury Note | March 2023 | (77) | (8669719) | (8646859) | 22860 |
| CBOT U.S. Long Bond | March 2023 | (26) | (3264422) | (3258938) | 5484 |
| CBOT Ultra Long-Term U.S. Treasury Bond | March 2023 | (14) | (1876109) | (1880375) | (4266) |
| EUX Euro-BTP Italian Government Bond | March 2023 | (28) | (3241703) | (3036241) | 205462 |
| EUX Euro-Bund | March 2023 | (43) | (6022150) | (5694426) | 327724 |
| EUX Euro-Buxl 30-Year Bond | March 2023 | (8) | (1256640) | (1069614) | 187026 |
| ICF Long Gilt | March 2023 | (21) | (2180850) | (2080572) | 100278 |
| MSE Canadian 10 Year Bond | March 2023 | (36) | (4484520) | (4430812) | 53708 |
| **Total Short Contracts** |  |  | **(79574960)** | **(78837400)** | **737560** |
| **TOTAL FUTURES CONTRACTS** |  |  | **(47291410)** | **(46491380)** | $**800030** |

---

<sup>\*</sup> Local currency.

<sup>1</sup> This investment is a holding of AXS Chesapeake Strategy Fund Limited.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** AXS Chesapeake Strategy Fund

- **b. EDGAR series identifier (if any):** S000066565

- **c. LEI of Series:** 549300BPXRPGYQ5IAG64

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

- **a. Date of fiscal year-end:** 2023-09-30

- **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:** $58787067.28

**Total Liabilities:** $93287.32

**Net Assets:** $58693779.96

**Amount of Assets Invested in Other Investment Companies:** $1617874.03

**Cash Not Reported:** $3877513.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214735 | 0.15%                | -6.25%               | 1.65%                |
| Class ID C000214736 | 0.08%                | -6.25%               | 1.55%                |
| Class ID C000214737 | 0.07%                | -6.31%               | 1.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26561.27                | $6250.66                                   |
| Month 2  | $34043.04                | $-6717.85                                  |
| Month 3  | $-1745.59                | $4684.06                                   |

**Designated Index Information**

- **Index Name:** SG Trend Index

- **Index Identifier:** NEIXCTAT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AUD USD CURNCY FUT MAR 23   /             | AUD USD CURNCY FUT MAR 23   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       -33 | NC      | $-13332.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN DOLLAR  /                      | AUSTRALIAN DOLLAR  /                                | CUSIP: 999999999<br>LEI: N/A | Short            | STIV             |  | AU        |      -124 | OU      | $-84.60       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN OIL FUTURE MAR 2023   /           | SOYBEAN OIL FUTURE MAR 2023   /                     | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        17 | NC      | $4998.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CURRENCY FUTURE MAR 23   /             | BP CURRENCY FUTURE MAR 23   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       -31 | NC      | $46500.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZIL REAL FUTURE FEB 2023   /           | BRAZIL REAL FUTURE FEB 2023   /                     | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |        96 | NC      | $-48480.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE MAR 23   /                    | CORN FUTURE MAR 23   /                              | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        13 | NC      | $6987.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                       | CANADIAN DOLLARS  /                                 | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | CA        |       520 | OU      | $384.28       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                       | CANADIAN DOLLARS  /                                 | CUSIP: 999999999<br>LEI: N/A | Short            | STIV             |  | CA        |   -128878 | OU      | $-95183.52    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLAR FUT MAR 23   /            | CANADIAN DOLLAR FUT MAR 23   /                      | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       -56 | NC      | $-37800.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN GVT BND 10Y MAR 2023   /         | CANADIAN GVT BND 10Y MAR 2023   /                   | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | CA        |       -36 | NC      | $53707.53     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COTTON FUTURE MAR 2023   /                | COTTON FUTURE MAR 2023   /                          | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -20 | NC      | $46300.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR/USD FUTURE MAR 2023   /               | EUR/USD FUTURE MAR 2023   /                         | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       -11 | NC      | $-14863.75    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| S&P 500 EMINI FUT MAR 2023   /            | S&P 500 EMINI FUT MAR 2023   /                      | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | US        |        -4 | NC      | $27260.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY  /                          | EURO CURRENCY  /                                    | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | XX        |    482179 | OU      | $516140.71    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY  /                          | EURO CURRENCY  /                                    | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | XX        |         6 | OU      | $6.12         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio             | Fidelity Government Portfolio - Class Institutional | CUSIP: 316175108<br>LEI: N/A | Long             | STIV             | RF                | US        |  42327867 | PA      | $42327867.34  | 72.12%            |  |  |  | No            |                  1 | On Loan: No      |
| 5YR T-NOTE FUTURE MAR 23   /              | 5YR T-NOTE FUTURE MAR 23   /                        | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |      -132 | NC      | $12999.99     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LONG GILT FUTURE MAR 2023   /             | LONG GILT FUTURE MAR 2023   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | GB        |       -21 | NC      | $100278.05    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /                    | GREAT BRITAIN POUND  /                              | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | GB        |    219737 | OU      | $265639.06    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD 100 OZ FUTR FEB 2023   /             | GOLD 100 OZ FUTR FEB 2023   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        -8 | NC      | $-54160.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| DAX INDEX FUTURE MARCH 2023   /           | DAX INDEX FUTURE MARCH 2023   /                     | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | DE        |        -3 | NC      | $34200.39     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COPPER FUTURE MARCH 2023   /              | COPPER FUTURE MARCH 2023   /                        | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        -7 | NC      | $-35962.50    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG DOLLAR  /                       | HONG KONG DOLLAR  /                                 | CUSIP: 999999999<br>LEI: N/A | Short            | STIV             |  | HK        |     -1206 | OU      | $-154.48      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NY HARBOR ULSD FEB 2023   /               | NY HARBOR ULSD FEB 2023   /                         | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         5 | NC      | $58590.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO - BTP FUTURE MAR 23   /              | EURO - BTP FUTURE MAR 23   /                        | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | DE        |       -28 | NC      | $205462.21    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JPN YEN CURR FUT MAR 23   /               | JPN YEN CURR FUT MAR 23   /                         | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       -24 | NC      | $-94950.00    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE 'C' FUTURE MAR 23   /              | COFFEE 'C' FUTURE MAR 23   /                        | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -16 | NC      | $-47625.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| USD   / SEK MAR 23   /                    | USD   / SEK MAR 23   /                              | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |        21 | NC      | $28868.99     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LME PRI ALUM FUT MAR 23   /               | LME PRI ALUM FUT MAR 23   /                         | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |       -11 | NC      | $32722.25     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE CATTLE FUTR FEB 23   /               | LIVE CATTLE FUTR FEB 23   /                         | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        31 | NC      | $7466.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LME LEAD FUTURE MAR 23   /                | LME LEAD FUTURE MAR 23   /                          | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |        14 | NC      | $12950.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI EMGMKT FUT MAR 2023   /              | MSCI EMGMKT FUT MAR 2023   /                        | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | US        |       -11 | NC      | $13805.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   /            | UMB MONEY MARKET FIDUCIARY   /                      | CUSIP: SF8888528<br>LEI: N/A | Long             | STIV             | CORP              | US        |  11452533 | PA      | $11452532.79  | 19.51%            |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ 100 E-MINI NQH3 INDEX MAR 2023   / | NASDAQ 100 E-MINI NQH3 INDEX MAR 2023   /           | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | US        |        -1 | NC      | $14725.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW ZEALAND $ FUT MAR 23   /              | NEW ZEALAND $ FUT MAR 23   /                        | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       -36 | NC      | $22500.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MEXICAN PESO FUT MAR 2023   /             | MEXICAN PESO FUT MAR 2023   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |        70 | NC      | $30741.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO-BUND FUTURES MARCH 2023   /          | EURO-BUND FUTURES MARCH 2023   /                    | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | DE        |       -43 | NC      | $327724.26    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDISH KRONA  /                          | SWEDISH KRONA  /                                    | CUSIP: 999999999<br>LEI: N/A | Short            | STIV             |  | SE        |   -968750 | OU      | $-92837.47    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| INR   / USD FUTURE JAN 23   /             | INR   / USD FUTURE JAN 23   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |      -151 | NC      | $-38561.14    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| U.S. 10YR NOTE (CBT) MAR 23   /           | U.S. 10YR NOTE (CBT) MAR 23   /                     | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |       -77 | NC      | $22859.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO BUXL 30YR BND MAR 23   /             | EURO BUXL 30YR BND MAR 23   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | DE        |        -8 | NC      | $187026.33    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. LONG BOND FUT MAR 2023   /           | U.S. LONG BOND FUT MAR 2023   /                     | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |       -26 | NC      | $5484.38      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA LONG T-BOND FUTURE MAR 2023   /     | ULTRA LONG T-BOND FUTURE MAR 2023   /               | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |       -14 | NC      | $-4265.62     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FTSE CHINA A50 INDEX JAN 2023   /         | FTSE CHINA A50 INDEX JAN 2023   /                   | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | SG        |      -100 | NC      | $-27800.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| FTSE 100 IDX FUT MAR 23   /               | FTSE 100 IDX FUT MAR 23   /                         | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | GB        |         4 | NC      | $-6262.09     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LME LEAD FUTURE MAR 23   /                | LME LEAD FUTURE MAR 23   /                          | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |       -14 | NC      | $-39375.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUTURE MAR 23   /                | LME ZINC FUTURE MAR 23   /                          | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |        -6 | NC      | $36525.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   /            | UMB MONEY MARKET FIDUCIARY   /                      | CUSIP: SF8888528<br>LEI: N/A | Long             | STIV             | CORP              | US        |    365000 | PA      | $365000.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PALLADIUM FUTURE MAR 2023   /             | PALLADIUM FUTURE MAR 2023   /                       | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        -1 | NC      | $-14100.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR #11  FUTURE MAR 2023   /            | SUGAR #11  FUTURE MAR 2023   /                      | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       106 | NC      | $-33390.16    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| WHEAT FUTURE(CBT) MAR 23   /              | WHEAT FUTURE(CBT) MAR 23   /                        | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -16 | NC      | $-29725.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-06

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

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

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

**Title:** President