# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-25-053069
**Filing Date:** 2025-8
**Character Count:** 31920
**Document Hash:** 19bff96fe0cf5d5909549ed43242639a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-053069.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001145549-25-053069

**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:** 251249197

**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           |

## Nport-Ex

**AXS Chesapeake Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| Principal <br> Amount |  | Value |
|  | **SHORT-TERM INVESTMENTS — 83.9%** |  |
| $11820399 | UMB Bank, Money Market Fiduciary Deposit Investment, 0.01%<sup>1, 2</sup> | $11820399 |
| 3388246 | UMB Bank, Institutional Banking Money Market II Deposit Investment, 3.80%<sup>1</sup> | 3388246 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(Cost $15,208,645) | **15208645** |
|  | **TOTAL INVESTMENTS — 83.9%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(Cost $15,208,645) | **15208645** |
|  | Other Assets in Excess of Liabilities — 16.1% | 2915466 |
|  | **TOTAL NET ASSETS — 100.0%** | $**18124111** |

---

<sup>1</sup> The rate is the annualized seven-day yield at period end. <br> <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 June 30, 2025 (Unaudited)**

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Long Contracts** | **Expiration <br> Date** | **Number of <br> Contracts** | **Notional <br> Value** | **Value/Unrealized <br> Appreciation<br> (Depreciation)** |
| **Commodity Futures** |  |  |  |  |
| CBOT Soybean Oil<sup>1</sup> | December 2025 | 12 | 377558 | $2242 |
| CME Lean Hogs<sup>1</sup> | August 2025 | 12 | 537720 | (21720) |
| CME Live Cattle<sup>1</sup> | August 2025 | 12 | 1016323 | 10277 |
| COMEX Copper<sup>1</sup> | September 2025 | 2 | 248425 | 5700 |
| COMEX Gold<sup>1</sup> | August 2025 | 4 | 1333640 | (10560) |
| COMEX Silver<sup>1</sup> | September 2025 | 4 | 737140 | (13700) |
| Euronext Rapeseed<sup>1</sup> | August 2025 | 12 | 89260 | (13252) |
| ICE Gas Oil<sup>1</sup> | August 2025 | 8 | 589525 | (60725) |
| LME Tin<sup>1</sup> | September 2025 | 1 | 159850 | 9210 |
| MDE Crude Palm Oil<sup>1</sup> | September 2025 | 23 | 559083 | (14612) |
| NYBOT CSC Coffee 'C'<sup>1</sup> | September 2025 | 2 | 249263 | (24188) |
| NYMEX Natural Gas<sup>1</sup> | August 2025 | 11 | 399469 | (19309) |
| NYMEX NY Harbor ULSD<sup>1</sup> | August 2025 | 6 | 623047 | (49419) |
| NYMEX Palladium<sup>1</sup> | September 2025 | 1 | 113950 | (3240) |
| NYMEX Platinum<sup>1</sup> | October 2025 | 6 | 419949 | (17049) |
| WCE Canola<sup>1</sup> | November 2025 | 39 | 409555 | (3238) |
| **Currency Futures** |  |  |  |  |
| CME Brazil Real | August 2025 | 111 | 2004105 | 25530 |
| CME British Pound | September 2025 | 22 | 1869863 | 17325 |
| CME Euro | September 2025 | 21 | 3066794 | 40156 |
| CME Indian Rupee | July 2025 | 17 | 979030 | 11560 |
| CME Mexican Peso | September 2025 | 139 | 3637220 | 39330 |
| CME Swiss Franc | September 2025 | 5 | 778531 | 16875 |
| **Index Futures** |  |  |  |  |
| CME E-Mini NASDAQ 100 | September 2025 | 1 | 456064 | 1800 |
| FTSE 100 | September 2025 | 10 | 1216941 | (10089) |
| FTSE/MIB | September 2025 | 2 | 462588 | 7033 |
| ICE US Mini MSCI EAFE | September 2025 | 3 | 392295 | 9960 |
| ICE US MSCI Emerging Markets EM | September 2025 | 16 | 960320 | 26480 |
| MEFF Madrid IBEX 35 | July 2025 | 12 | 1950608 | 17924 |
| Montreal Exchange S&P/TSX 60 | September 2025 | 23 | 5335587 | 66646 |
| SFE S&P ASX Share Price Index 200 | September 2025 | 3 | 419863 | 1481 |
| SGX FTSE China A50 | July 2025 | 14 | 190778 | (3346) |
| **Interest Rate Futures** |  |  |  |  |
| CBOT 2-Year U.S. Treasury Note | September 2025 | 16 | 3316250 | 12125 |
| CBOT 5-Year U.S. Treasury Note | September 2025 | 12 | 1295719 | 12281 |
| Eurex BTP Italian | September 2025 | 18 | 2563354 | 3227 |
| ICF 3MO EURO EURIBOR | June 2026 | 75 | 21705389 | (6773) |
| MSE Canadian 10 Year Bond | September 2025 | 20 | 1789930 | 1028 |
| **Total Long Contracts** |  |  | **62254986** | **66970** |
| **Short Contracts** |  |  |  |  |
| **Commodity Futures** |  |  |  |  |
| CBOT Corn<sup>1</sup> | December 2025 | (23) | (494569) | 5244 |
| CBOT Oats<sup>1</sup> | December 2025 | (10) | (174352) | (11023) |
| CBOT Rough Rice<sup>1</sup> | September 2025 | (30) | (824942) | 25142 |
| CBOT Soybean<sup>1</sup> | November 2025 | (11) | (589875) | 25025 |
| CBOT Wheat<sup>1</sup> | September 2025 | (8) | (235000) | 19700 |
| CME Class III Milk<sup>1</sup> | August 2025 | (3) | (107460) | (4740) |
| ICE Carbon Emissions<sup>1</sup> | December 2025 | (4) | (289669) | (35431) |
| LME Lead<sup>1</sup> | September 2025 | (11) | (547388) | (15089) |
| LME Nickel<sup>1</sup> | September 2025 | (4) | (371220) | 6520 |
| LME Zinc<sup>1</sup> | September 2025 | (7) | (473042) | (8677) |
| NYB Orange Juice<sup>1</sup> | September 2025 | (3) | (112382) | 11312 |
| NYBOT CSC Cotton #2<sup>1</sup> | December 2025 | (12) | (407040) | (1740) |
| NYBOT CSC Sugar #11<sup>1</sup> | October 2025 | (19) | (351221) | 6485 |
| NYMEX RBOB Gasoline<sup>1</sup> | August 2025 | (7) | (646888) | 37691 |
| SAFEX Sunflower Seed<sup>1</sup> | December 2025 | (20) | (547658) | (7084) |
| **Currency Futures** |  |  |  |  |
| ICE Swedish Krona | September 2025 | (16) | (1584709) | (9200) |
| **Index Futures** |  |  |  |  |
| CME E-Mini Russell 2000 Index | September 2025 | (6) | (635700) | (21810) |
| CME E-Mini S&P MidCap 400 | September 2025 | (2) | (607690) | (17410) |
| FTSE Taiwan | July 2025 | (4) | (292000) | 240 |
| **Interest Rate Futures** |  |  |  |  |
| CBOT U.S. Long Bond | September 2025 | (17) | (1910906) | (52063) |
| CBOT U.S. Ultra Long-Term Treasury Bond | September 2025 | (12) | (1388625) | (40875) |
| Eurex 10 Year Euro BUND | September 2025 | (32) | (4936122) | 28272 |
| Eurex 30 Year Euro BUXL | September 2025 | (12) | (1706238) | 22900 |
| ICF Long Gilt | September 2025 | (25) | (3133685) | (59712) |
| **Total Short Contracts** |  |  | **(22368381)** | **(96323)** |
| **TOTAL FUTURES CONTRACTS** |  |  | **39886605** | $**(29353)** |

---

<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:** 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:** $18275173.81

**Total Liabilities:** $118378.11

**Net Assets:** $18156795.70

**Amount of Assets Invested in Other Investment Companies:** $1414335.48

**Cash Not Reported:** $1395063.57

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **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 C000214735 | -15.37%              | -1.19%               | -3.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $53423.55                | $-20334.07                                 |
| Month 2  | $82.78                   | $6628.81                                   |
| Month 3  | $-1261.12                | $24171.78                                  |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IBEX 35 INDX FUTURE JUL 25   /           | IBEX 35 INDX FUTURE JUL 25   /           | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | ES        |        12 | NC      | $17924.37     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO - BTP FUTURE SEPT 25   /            | EURO - BTP FUTURE SEPT 25   /            | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | DE        |        18 | NC      | $3227.71      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB IB MONEY MARKET II   /               | UMB IB MONEY MARKET II   /               | CUSIP: SF8888627<br>LEI: N/A | Long             | STIV             | CORP              | US        |   3416268 | PA      | $3416268.40   | 18.82%            |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN  /                          | JAPANESE YEN  /                          | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | JP        |   2500000 | OU      | $17360.51     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| COPPER FUTURE SEP 2025   /               | COPPER FUTURE SEP 2025   /               | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         2 | NC      | $5700.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NY HARBOR ULSD AUG 2025   /              | NY HARBOR ULSD AUG 2025   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         6 | NC      | $-49419.49    | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| RAPESEED EURO AUG 25   /                 | RAPESEED EURO AUG 25   /                 | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | FR        |        12 | NC      | $-13252.44    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| FCOJ-A FUTURES SEP 2025   /              | FCOJ-A FUTURES SEP 2025   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        -3 | NC      | $11311.87     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COFFEE C FUTURE SEP 2025   /             | COFFEE C FUTURE SEP 2025   /             | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         2 | NC      | $-24187.50    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| CRUDE PALM OIL SEP 25   /                | CRUDE PALM OIL SEP 25   /                | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | MY        |        23 | NC      | $-14612.28    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| CATTLE FUTURES AUG 25   /                | CATTLE FUTURES AUG 25   /                | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        12 | NC      | $10277.14     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAN HOG FUTURE AUG 25   /               | LEAN HOG FUTURE AUG 25   /               | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        12 | NC      | $-21720.00    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| LME LEAD FUTURE SEP 25   /               | LME LEAD FUTURE SEP 25   /               | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |       -11 | NC      | $-15089.25    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| LME NICKEL FUTURE SEPT 2025   /          | LME NICKEL FUTURE SEPT 2025   /          | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |        -4 | NC      | $6520.08      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LME TIN FUTURE SEP 25   /                | LME TIN FUTURE SEP 25   /                | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |         1 | NC      | $9210.00      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LME ZINC FUT SEPT 2025   /               | LME ZINC FUT SEPT 2025   /               | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |        -7 | NC      | $-8676.50     | -0.05%            |  |  |  | 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    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE ECX EMISSION DEC 25   /              | ICE ECX EMISSION DEC 25   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DO               |  | NL        |        -4 | NC      | $-35431.15    | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| MALAYSIAN RINGGIT  /                     | MALAYSIAN RINGGIT  /                     | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | MY        |    331791 | OU      | $78800.79     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURAL GAS FUTURE AUG 2025   /          | NATURAL GAS FUTURE AUG 2025   /          | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        11 | NC      | $-19309.23    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| OAT FUTURES DEC 2025   /                 | OAT FUTURES DEC 2025   /                 | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -10 | NC      | $-11023.21    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| PALLADIUM FUTURE SEP 2025   /            | PALLADIUM FUTURE SEP 2025   /            | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         1 | NC      | $-3240.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEAN OIL FUTURE DEC 2025   /          | SOYBEAN OIL FUTURE DEC 2025   /          | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        12 | NC      | $2242.29      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CORN FUTURE DEC 2025   /                 | CORN FUTURE DEC 2025   /                 | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -23 | NC      | $5243.75      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                      | CANADIAN DOLLARS  /                      | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | CA        |     10368 | OU      | $7613.36      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COTTON  FUTURE DEC 2025   /              | COTTON  FUTURE DEC 2025   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -12 | NC      | $-1740.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MILK FUTURE AUG 25   /                   | MILK FUTURE AUG 25   /                   | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        -3 | NC      | $-4740.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY  /                         | EURO CURRENCY  /                         | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | XX        |    132836 | OU      | $156480.03    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD 100OZ FUTURE AUGUST 2025   /        | GOLD 100OZ FUTURE AUGUST 2025   /        | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         4 | NC      | $-10560.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| U.S. LONG BOND FUTURE SEPT 2025   /      | U.S. LONG BOND FUTURE SEPT 2025   /      | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |       -17 | NC      | $-52062.50    | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA LONG T-BOND FUTURE SEP 2025   /    | ULTRA LONG T-BOND FUTURE SEP 2025   /    | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |       -12 | NC      | $-40875.00    | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| SPI 200 FUTURES SEPT 25   /              | SPI 200 FUTURES SEPT 25   /              | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | AU        |         3 | NC      | $1480.85      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SGX FTSE CHINA A50 JULY 25   /           | SGX FTSE CHINA A50 JULY 25   /           | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | SG        |        14 | NC      | $-3346.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| FTSE 100 IDX FUT SEPT. 2025   /          | FTSE 100 IDX FUT SEPT. 2025   /          | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | GB        |        10 | NC      | $-10089.22    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN DOLLAR  /                     | AUSTRALIAN DOLLAR  /                     | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | AU        |    305715 | OU      | $201207.61    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CURRENCY FUTURE SEPT 2025   /         | BP CURRENCY FUTURE SEPT 2025   /         | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |        22 | NC      | $17325.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZIL REAL FUTURE AUG 2025   /          | BRAZIL REAL FUTURE AUG 2025   /          | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       111 | NC      | $25530.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                      | CANADIAN DOLLARS  /                      | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | CA        |    566298 | OU      | $415845.10    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CAN 10YR BOND SEPT 25   /                | CAN 10YR BOND SEPT 25   /                | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | CA        |        20 | NC      | $1028.05      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR/USD FUTURE SEP 2025   /              | EUR/USD FUTURE SEP 2025   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |        21 | NC      | $40156.25     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| 3MO EURO EURIBOR JUN 26   /              | 3MO EURO EURIBOR JUN 26   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | GB        |        75 | NC      | $-6773.47     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY  /                         | EURO CURRENCY  /                         | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | XX        |    354630 | OU      | $417752.66    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| S & P MID E MINI 400 INDEX SEPT 2025   / | S & P MID E MINI 400 INDEX SEPT 2025   / | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | US        |        -2 | NC      | $-17410.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| 5YR T-NOTE FUTURE SEPT 2025   /          | 5YR T-NOTE FUTURE SEPT 2025   /          | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |        12 | NC      | $12281.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LONG GILT FUTURE SEP 2025   /            | LONG GILT FUTURE SEP 2025   /            | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | GB        |       -25 | NC      | $-59711.74    | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /                   | GREAT BRITAIN POUND  /                   | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | GB        |    101602 | OU      | $139467.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PLATINUM FUTURE OCT 25   /               | PLATINUM FUTURE OCT 25   /               | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         6 | NC      | $-17048.57    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| LOW SU GASOIL FUT AUG 25   /             | LOW SU GASOIL FUT AUG 25   /             | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | GB        |         8 | NC      | $-60725.00    | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| ROUGH RICE FUTURES SEP 25   /            | ROUGH RICE FUTURES SEP 25   /            | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -30 | NC      | $25141.67     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CANOLA FUTURE NOVEMBER 25   /            | CANOLA FUTURE NOVEMBER 25   /            | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | CA        |        39 | NC      | $-3238.36     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SOYBEANS FUTURE NOV 2025   /             | SOYBEANS FUTURE NOV 2025   /             | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -11 | NC      | $25025.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SUGAR   FUTURE OCT 2025   /              | SUGAR   FUTURE OCT 2025   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |       -19 | NC      | $6484.80      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVER FUTURE SEPT 2025   /              | SILVER FUTURE SEPT 2025   /              | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |         4 | NC      | $-13700.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| SUNFLOWER SEED DEC 25   /                | SUNFLOWER SEED DEC 25   /                | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | ZA        |       -20 | NC      | $-7083.23     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| WHEAT FUTURE SEP 2025   /                | WHEAT FUTURE SEP 2025   /                | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        -8 | NC      | $19700.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GASOLINE RBOB FUT AUG 25   /             | GASOLINE RBOB FUT AUG 25   /             | CUSIP: 999999999<br>LEI: N/A | N/A              | DCO              |  | US        |        -7 | NC      | $37690.80     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH AFRICAN RAND  /                    | SOUTH AFRICAN RAND  /                    | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | ZA        |    334692 | OU      | $18905.09     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| USD   / SEK SEP 25   /                   | USD   / SEK SEP 25   /                   | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       -16 | NC      | $-9199.97     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MSCI EMGMKT FUT SEP 25   /               | MSCI EMGMKT FUT SEP 25   /               | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | US        |        16 | NC      | $26480.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI EAFE INDEX SEPT 2025   /            | MSCI EAFE INDEX SEPT 2025   /            | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | US        |         3 | NC      | $9960.00      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   /           | UMB MONEY MARKET FIDUCIARY   /           | CUSIP: SF8888528<br>LEI: N/A | Long             | STIV             | CORP              | US        |  11455400 | PA      | $11455399.61  | 63.09%            |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ 100 E MINI FUTURES SEPT 25   /    | NASDAQ 100 E MINI FUTURES SEPT 25   /    | CUSIP: 999999999<br>LEI: N/A | N/A              | DE               |  | US        |         1 | NC      | $1800.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MEXICAN PESO FUT SEPT 2025   /           | MEXICAN PESO FUT SEPT 2025   /           | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |       139 | NC      | $39330.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P/TORONTO 60 INDEX SEP 2025   /        | S&P/TORONTO 60 INDEX SEP 2025   /        | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | CA        |        23 | NC      | $66645.62     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSSELL 2000 EMINI SEP 25   /            | RUSSELL 2000 EMINI SEP 25   /            | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | US        |        -6 | NC      | $-21810.00    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO-BUND FUTURE SEP 2025   /            | EURO-BUND FUTURE SEP 2025   /            | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | DE        |       -32 | NC      | $28271.88     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDISH KRONA  /                         | SWEDISH KRONA  /                         | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | SE        |    539428 | OU      | $57016.51     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CHF CURRENCY FUT SEPT 25   /             | CHF CURRENCY FUT SEPT 25   /             | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |         5 | NC      | $16875.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INR   / USD FUTURE JUL 25   /            | INR   / USD FUTURE JUL 25   /            | CUSIP: 999999999<br>LEI: N/A | N/A              | DFE              |  | US        |        17 | NC      | $11560.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FTSE/MIB IDX FUT SEP 25   /              | FTSE/MIB IDX FUT SEP 25   /              | CUSIP: 999999999<br>LEI: N/A | Long             | DE               |  | IT        |         2 | NC      | $7032.63      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| 2YR T-NOTE FUT SEP15 INDEX SEP 2025   /  | 2YR T-NOTE FUT SEP15 INDEX SEP 2025   /  | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | US        |        16 | NC      | $12125.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FTSE TAIWAN INDEX JULY 25   /            | FTSE TAIWAN INDEX JULY 25   /            | CUSIP: 999999999<br>LEI: N/A | Short            | DE               |  | SG        |        -4 | NC      | $240.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO BUXL 30YR BND INDEX SEPT 25   /     | EURO BUXL 30YR BND INDEX SEPT 25   /     | CUSIP: 999999999<br>LEI: N/A | N/A              | DIR              |  | DE        |       -12 | NC      | $22900.22     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-18

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President