# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-25-053067
**Filing Date:** 2025-8
**Character Count:** 13611
**Document Hash:** 6bbfc6c064ae1585f7d55c654a0ab2bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-053067.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001145549-25-053067

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250930

**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:** 251249195

**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 Tactical Income Fund (Series ID: S000079776)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000241130 | Class I Shares | TINIX           |

## Nport-Ex

#### AXS Tactical Income Fund

#### SCHEDULE OF INVESTMENTS

#### As of June 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **EXCHANGE-TRADED FUNDS — 97.9%** |  |
| 37666 | Alerian MLP ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1840361 |
| 42396 | iShares 0-5 Year High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1828963 |
| 79452 | iShares Fallen Angels USD Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2156327 |
| 24613 | iShares Interest Rate Hedged High Yield Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129763 |
| 13656 | iShares Short Treasury Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1507895 |
| 35704 | Janus Henderson AAA CLO ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1811978 |
| 37417 | Janus Henderson B-BBB CLO ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1803874 |
| 51028 | SPDR Blackstone Senior Loan ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2122254 |
| 26474 | SPDR Bloomberg Convertible Securities ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2188341 |
| 18888 | SPDR Bloomberg High Yield Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1837236 |
| 28242 | Vanguard Emerging Markets Government Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1845615 |
| 22205 | Vanguard Intermediate-Term Corporate Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1841239 |
| 22916 | Vanguard Short-Term Corporate Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1821822 |
| 36218 | Vanguard Short-Term Inflation-Protected Securities ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1820679 |
| 30899 | Vanguard Short-Term Treasury ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1816243 |
| 95135 | WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2114851 |
|  | **TOTAL EXCHANGE-TRADED FUNDS** |  |
|  | (Cost $29,870,691) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30487441** |
|  | **SHORT-TERM INVESTMENTS — 2.3%** |  |
| 698626 | Fidelity Investments Money Market Government Portfolio - Class I, 4.12%<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**698626** |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost $698,626) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**698626** |
|  | **TOTAL INVESTMENTS — 100.2%** |  |
|  | (Cost $30,569,317) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**31186067** |
|  | Liabilities in Excess of Other Assets — (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49983) |
|  | **TOTAL NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$31136084** |

---

ETF – Exchange-Traded Fund

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** AXS Tactical Income Fund

- **b. EDGAR series identifier (if any):** S000079776

- **c. LEI of Series:** 984500JEF00140771914

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $31217354.36

**Total Liabilities:** $81274.04

**Net Assets:** $31136080.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241130 | -0.02%               | 0.17%                | 1.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-392.53                 | $-98218.64                                 |
| Month 2  | $-572.78                 | $-17793.54                                 |
| Month 3  | $-64658.60               | $344258.39                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SPDR Bloomberg Convertible Sec | SPDR Bloomberg Convertible Securities ETF - Class USD INC                                   | CUSIP: 78464A359<br>LEI: 549300IXKU3G7R6DMX93 | Long             |  | RF                | US        |     26474 | NS      | $2188340.84   | 7.03%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Fallen Angels USD Bond | iShares Fallen Angels USD Bond ETF - Class USD INC                                          | CUSIP: 46435G474<br>LEI: 549300TGAA9LRLT3ZX42 | Long             |  | RF                | US        |     79452 | NS      | $2156327.28   | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio - Class Institutional                                         | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    719561 | PA      | $719561.45    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Short Treasury Bond ET | iShares Short Treasury Bond ETF - Class USD INC                                             | CUSIP: 464288679<br>LEI: 549300F8ZJ4IZLOOBP30 | Long             |  | RF                | US        |     13656 | NS      | $1507895.52   | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year High Yield Co | iShares 0-5 Year High Yield Corporate Bond ETF - Class USD INC                              | CUSIP: 46434V407<br>LEI: 549300R96U5WQ7R5ID10 | Long             |  | RF                | US        |     42396 | NS      | $1828963.44   | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Blackstone Senior Loan ET | SPDR Blackstone Senior Loan ETF - Class USD INC                                             | CUSIP: 78467V608<br>LEI: 549300ME4SR63Y3TRD06 | Long             |  | RF                | US        |     51028 | NS      | $2122254.52   | 6.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intermediate-Term Cor | Vanguard Intermediate-Term Corporate Bond ETF - Class USD INC                               | CUSIP: 92206C870<br>LEI: N/A                  | Long             |  | RF                | US        |     22205 | NS      | $1841238.60   | 5.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Corporate  | Vanguard Short-Term Corporate Bond ETF                                                      | CUSIP: 92206C409<br>LEI: N/A                  | Long             |  | RF                | US        |     22916 | NS      | $1821822.00   | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Interest Rate Hedged H | iShares Interest Rate Hedged High Yield Bond ETF - Class USD INC                            | CUSIP: 46431W606<br>LEI: 549300K03DREBCPJX421 | Long             |  | RF                | US        |     24613 | NS      | $2129762.89   | 6.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson AAA CLO ETF    | Janus Henderson AAA CLO ETF - Class USD INC                                                 | CUSIP: 47103U845<br>LEI: 549300N7UZ9PO4OVKA94 | Long             |  | RF                | US        |     35704 | NS      | $1811978.00   | 5.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson B-BBB CLO ETF  | Janus Henderson B-BBB CLO ETF - Class USD INC                                               | CUSIP: 47103U753<br>LEI: 549300UAMX73GRTHWH74 | Long             |  | RF                | US        |     37417 | NS      | $1803873.57   | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg High Yield Bond | SPDR Bloomberg High Yield Bond ETF - Class USD INC                                          | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             |  | RF                | US        |     18888 | NS      | $1837235.76   | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Trust WisdomTree In | WisdomTree Trust WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund - Class U.S.D INC | CUSIP: 97717W380<br>LEI: 5493006OMUEEHEDQ6617 | Long             |  | RF                | US        |     95135 | NS      | $2114851.05   | 6.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Alerian MLP ETF                | Alerian MLP ETF - Class USD INC                                                             | CUSIP: 00162Q452<br>LEI: 549300WPBLCQJSVVVV61 | Long             |  | RF                | US        |     37666 | NS      | $1840360.76   | 5.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Treasury E | Vanguard Short-Term Treasury ETF                                                            | CUSIP: 92206C102<br>LEI: N/A                  | Long             |  | RF                | US        |     30899 | NS      | $1816243.22   | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Inflation- | Vanguard Short-Term Inflation-Protected Securities ETF - Class USD INC                      | CUSIP: 922020805<br>LEI: N/A                  | Long             |  | RF                | US        |     36218 | NS      | $1820678.86   | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Emerging Markets Gove | Vanguard Emerging Markets Government Bond ETF - Class ETF shares USD INC                    | CUSIP: 921946885<br>LEI: N/A                  | Long             |  | RF                | US        |     28242 | NS      | $1845614.70   | 5.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President