# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-25-219648
**Filing Date:** 2025-9
**Character Count:** 8397
**Document Hash:** 03491dca426b295bac44c31948c99e53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-219648.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001193125-25-219648

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**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:** 251346869

**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

### The Diplomat Fund (Series ID: S000077375)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000237757 | The Diplomat Fund | EMWIX           |

## Nport-Ex

**The Diplomat Fund**

**SCHEDULE OF INVESTMENTS**

**As of July 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  | Value |
|  | **U.S. TREASURY NOTES — 85.7%** |  |
|  | United States Treasury Note |  |
| $2376200 | 3.875%, 8/15/2033<sup>1</sup> | $2319117 |
| 183000 | 4.500%, 11/15/2033 | 186245 |
| 1744500 | 4.000%, 2/15/2034 | 1710768 |
| 1711500 | 4.250%, 5/15/2035 | 1696525 |
|  | **TOTAL U.S. TREASURY NOTES** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $5,832,747) | **5912655** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  |  |
|  | **SHORT-TERM INVESTMENTS — 10.1%** |  |
| 695136 | Fidelity Investments Money Market Government Portfolio - Class I 4.167%<sup>2</sup> | **695136** |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $695,136) | **695136** |
|  | **TOTAL INVESTMENTS — 95.8%** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $6,527,883) | **6607791** |
|  | Other Assets in Excess of Liabilities — 4.2% | 292554 |
|  | **TOTAL NET ASSETS — 100.0%** | $**6900345** |

---

<sup>1</sup> All or a portion of this security is segregated as collateral for initial futures margin. The market value of the securities pledged as collateral was $317,193, which represents 4.6% of total net assets of the Fund.

<sup>2</sup> The rate is the annualized seven-day yield at period end.

**The Diplomat Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of July 31, 2025 (Unaudited)**

**FUTURES CONTRACTS**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Expiration** | **Expiration** | | |
| **Number of**<br>**Contracts**<br>**Long (Short)** | <br>**Description** | **Date** | **Date** |<br>**Notional**<br>**Value** | **Value/<br> Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| (76) | U.S. 10 Year Treasury Note |  | September 2025 | $(8421782) | $(18968) |
| **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  | $**(8421782)** | $**(18968)** |

---

## 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:** The Diplomat Fund

- **b. EDGAR series identifier (if any):** S000077375

- **c. LEI of Series:** 549300NRIBSC1UHX5D84

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $6794792.45

**Total Liabilities:** $69399.32

**Net Assets:** $6725393.13

**Cash Not Reported:** $178839.35

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 1056.999628507934 | **10-Year:** 3151.349678615066 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237757 | -2.09%               | 0.40%                | 0.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-65549.86                                 |
| Month 2  | $0.00                    | $65755.12                                  |
| Month 3  | $0.00                    | $-49231.35                                 |

**Designated Index Information**

- **Index Name:** ICE U.S. Treasury 7 - 10 Year TR Index

- **Index Identifier:** IDCOT7TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US TREASURY N/B               | United States Treasury Note                         | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2376200 | PA      | $2319116.55   | 34.48%            | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B               | United States Treasury Note                         | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    183000 | PA      | $186245.32    | 2.77%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B               | United States Treasury Note                         | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1744500 | PA      | $1710768.35   | 25.44%            | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B               | United States Treasury Note                         | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1711500 | PA      | $1696524.38   | 25.23%            | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fidelity Government Portfolio | Fidelity Government Portfolio - Class Institutional | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    581419 | PA      | $581418.72    | 8.65%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. 10YR NOTE SEPT 2025   /  | U.S. 10YR NOTE SEPT 2025   /                        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -76 | NC      | $-19107.06    | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-07

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President