# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001213900-26-020351
**Filing Date:** 2026-2
**Character Count:** 5120
**Document Hash:** 5bdb07a20f6449038f4bff34ad2ea0d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-020351.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001213900-26-020351

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**EFFECTIVENESS DATE**: 20260225

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-191476
- **FILM NUMBER:** 26678146

**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

### Tradr 2X Long OPEN Daily ETF (Series ID: S000096123)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| Tradr 2X Long OPEN Daily ETF | OPEX          | C000264910 |

---

### Tradr 2X Long IREN Daily ETF (Series ID: S000096134)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| Tradr 2X Long IREN Daily ETF | IREX          | C000264921 |

---

## Series and Classes Contracts Data

### Tradr 2X Long OPEN Daily ETF (Series ID: S000096123)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000264910 | Tradr 2X Long OPEN Daily ETF | OPEX            |

### Tradr 2X Long IREN Daily ETF (Series ID: S000096134)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000264921 | Tradr 2X Long IREN Daily ETF | IREX            |

**Tradr 2X Long IREN Daily ETF** 

(Ticker Symbol: IREX)

**Tradr 2X Long OPEN Daily ETF**

(Ticker Symbol: OPEX)

 

*Each a series of Investment Managers Series Trust II (the "Trust")*

**Supplement dated February 25, 2026 to the currently effective**

**Prospectus, Summary Prospectuses and Statement of Additional Information ("SAI").**

On February 24, 2026, the Board of Trustees of the Trust approved, based on the recommendation of AXS Investments LLC, the investment advisor to the Tradr 2X Long IREN Daily ETF and Tradr 2X Long OPEN Daily ETF (each, a "Fund"), a reverse split of the issued and outstanding shares of each Fund. After the close of trading on the Cboe BZX Exchange, Inc. (the "Exchange") on March 9, 2026, each Fund will affect a reverse split of its issued and outstanding shares as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Fund Name** | &nbsp;&nbsp;**Reverse Split Ratio** |
| &nbsp;&nbsp;Tradr 2X Long IREN Daily ETF | &nbsp;&nbsp;1-for-3 |
| &nbsp;&nbsp;Tradr 2X Long OPEN Daily ETF | &nbsp;&nbsp;1-for-3 |

---

Shares of each Fund will begin trading on the Exchange on a split-adjusted basis on March 10, 2026.

As a result of the reverse share split, for every three shares of a Fund held by a shareholder prior to the split, the shareholder will receive one share with a NAV equal to three times the NAV of one share prior to the split. The reverse share split will not change the total value of a shareholder's investment, except with respect to the redemption of fractional shares as described below. The table below provides a simplified illustration of the effect of a hypothetical 1-for-3 reverse split (actual NAV, shares and total market value may vary):

 ****

***1-for-3 Reverse Split***

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Period** | &nbsp;&nbsp;**# of Shares Owned** | &nbsp;&nbsp;**Hypothetical NAV Per Share** | &nbsp;&nbsp;**Total Market Value** |
| &nbsp;&nbsp;Pre-split | &nbsp;&nbsp;30 | &nbsp;&nbsp;$25 | &nbsp;&nbsp;$750 |
| &nbsp;&nbsp;Post-split | &nbsp;&nbsp;10 | &nbsp;&nbsp;$75 | &nbsp;&nbsp;$750 |

---

The reverse share split may result in a shareholder holding a fractional share of a Fund. Because the Funds do not issue fractional shares, whether a shareholder holds a fractional share following the reverse split will depend on the policies of a shareholder's broker. If a shareholder's broker does not have a policy to hold fractional shares of the Funds, the shareholder will receive an amount of cash equivalent to the value of a fraction of one share to which such shareholder would otherwise be entitled. Please consult your broker about its policies regarding fractional shares. The redemption of such fractional shares may have tax implications for those shareholders, and a shareholder could recognize a gain or a loss in connection with the redemption of the shareholder's fractional shares. Otherwise, the reverse share split is not expected to result in a taxable transaction for shareholders. Please consult your tax advisor about the potential tax consequences. No transaction fee will be imposed on shareholders for the redemption of fractional shares.

For additional information regarding the share splits, shareholders may call the Funds at 1-888-52TRADR (888-528-7237).

***Please file this Supplement with your records.***