# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-23-010357
**Filing Date:** 2023-2
**Character Count:** 75886
**Document Hash:** bf3bffd2a5072f343b4461fea5ef35b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010357.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010357

**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:** 23671381

**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 Thomson Reuters Private Equity Return Tracker Fund (Series ID: S000069732)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000222486 | Class C Shares | LDPCX           |
| C000222487 | Class I Shares | LDPIX           |
| C000222488 | Class A Shares | LDPAX           |

## Nport-Ex

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 96.3%** |  |
|  | **AEROSPACE/DEFENSE — 2.5%** |  |
| 407 | Boeing Co.\* | $77529 |
| 168 | General Dynamics Corp. | 41683 |
| 164 | Lockheed Martin Corp.<sup>1</sup> | 79784 |
| 98 | Northrop Grumman Corp. | 53470 |
| 961 | Raytheon Technologies Corp.<sup>1</sup> | 96984 |
|  |  | **349450** |
|  | **AGRICULTURE — 1.3%** |  |
| 1159 | Altria Group, Inc. | 52978 |
| 322 | Archer-Daniels-Midland Co. | 29898 |
| 944 | Philip Morris International, Inc.<sup>1</sup> | 95542 |
|  |  | **178418** |
|  | **APPAREL — 0.4%** |  |
| 467 | NIKE, Inc. - Class B | **54644** |
|  | **AUTO MANUFACTURERS — 1.1%** |  |
| 1460 | Ford Motor Co. | 16980 |
| 506 | General Motors Co. | 17022 |
| 985 | Tesla, Inc.\*<sup>,1</sup> | 121332 |
|  |  | **155334** |
|  | **BANKS — 5.0%** |  |
| 3846 | Bank of America Corp.<sup>1</sup> | 127380 |
| 1066 | Citigroup, Inc. | 48215 |
| 188 | Goldman Sachs Group, Inc. | 64555 |
| 1615 | JPMorgan Chase & Co.<sup>1</sup> | 216571 |
| 737 | Morgan Stanley | 62660 |
| 225 | PNC Financial Services Group, Inc. | 35537 |
| 730 | Truist Financial Corp. | 31412 |
| 752 | U.S. Bancorp | 32795 |
| 2087 | Wells Fargo & Co. | 86172 |
|  |  | **705297** |
|  | **BEVERAGES — 2.9%** |  |
| 2695 | Coca-Cola Co.<sup>1</sup> | 171429 |
| 111 | Constellation Brands, Inc. - Class A | 25724 |
| 592 | Keurig Dr Pepper, Inc. | 21111 |
| 256 | Monster Beverage Corp.\* | 25992 |
| 897 | PepsiCo, Inc.<sup>1</sup> | 162052 |
|  |  | **406308** |
|  | **BIOTECHNOLOGY — 0.4%** |  |
| 126 | Amgen, Inc. | 33093 |

---

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **BIOTECHNOLOGY (Continued)** |  |
| 467 | Corteva, Inc. | $27450 |
|  |  | **60543** |
|  | **BUILDING MATERIALS — 0.3%** |  |
| 52 | Martin Marietta Materials, Inc. | 17574 |
| 116 | Vulcan Materials Co. | 20313 |
|  |  | **37887** |
|  | **CHEMICALS — 3.2%** |  |
| 195 | Air Products and Chemicals, Inc. | 60111 |
| 110 | Albemarle Corp. | 23855 |
| 150 | CF Industries Holdings, Inc. | 12780 |
| 673 | Dow, Inc. | 33912 |
| 469 | DuPont de Nemours, Inc. | 32187 |
| 238 | Ecolab, Inc. | 34643 |
| 467 | Linde PLC<sup>2</sup> | 152326 |
| 223 | LyondellBasell Industries N.V. - Class A<sup>2</sup> | 18516 |
| 207 | PPG Industries, Inc. | 26028 |
| 223 | Sherwin-Williams Co. | 52925 |
|  |  | **447283** |
|  | **COMMERCIAL SERVICES — 1.8%** |  |
| 423 | Automatic Data Processing, Inc. | 101038 |
| 1178 | PayPal Holdings, Inc.\* | 83897 |
| 217 | S&P Global, Inc. | 72682 |
|  |  | **257617** |
|  | **COMPUTERS — 6.2%** |  |
| 644 | Accenture PLC - Class A<sup>2</sup> | 171845 |
| 4344 | Apple, Inc.<sup>1</sup> | 564416 |
| 874 | International Business Machines Corp. | 123138 |
|  |  | **859399** |
|  | **COSMETICS/PERSONAL CARE — 2.4%** |  |
| 571 | Colgate-Palmolive Co. | 44989 |
| 159 | Estee Lauder Cos., Inc. - Class A | 39450 |
| 1633 | Procter & Gamble Co.<sup>1</sup> | 247497 |
|  |  | **331936** |
|  | **DIVERSIFIED FINANCIAL SERVICES — 6.1%** |  |
| 330 | American Express Co. | 48757 |
| 83 | BlackRock, Inc. | 58816 |
| 841 | Charles Schwab Corp. | 70022 |
| 180 | CME Group, Inc. | 30269 |
| 869 | Mastercard, Inc. - Class A<sup>1</sup> | 302177 |

---

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **DIVERSIFIED FINANCIAL SERVICES (Continued)** |  |
| 1664 | Visa, Inc. - Class A<sup>1</sup> | $345713 |
|  |  | **855754** |
|  | **ELECTRIC — 2.4%** |  |
| 282 | American Electric Power Co., Inc. | 26776 |
| 191 | Consolidated Edison, Inc. | 18204 |
| 486 | Dominion Energy, Inc. | 29801 |
| 427 | Duke Energy Corp. | 43977 |
| 552 | Exelon Corp. | 23863 |
| 1148 | NextEra Energy, Inc. | 95973 |
| 151 | Sempra Energy | 23335 |
| 553 | Southern Co. | 39490 |
| 171 | WEC Energy Group, Inc. | 16033 |
| 281 | Xcel Energy, Inc. | 19701 |
|  |  | **337153** |
|  | **ELECTRONICS — 0.7%** |  |
| 461 | Honeywell International, Inc.<sup>1</sup> | **98792** |
|  | **ENERGY-ALTERNATE SOURCES — 0.2%** |  |
| 78 | Enphase Energy, Inc.\* | **20667** |
|  | **ENVIRONMENTAL CONTROL — 0.3%** |  |
| 269 | Waste Management, Inc. | **42201** |
|  | **FOOD — 1.3%** |  |
| 358 | General Mills, Inc. | 30018 |
| 93 | Hershey Co. | 21536 |
| 546 | Kraft Heinz Co. | 22228 |
| 426 | Kroger Co. | 18991 |
| 939 | Mondelez International, Inc. - Class A | 62585 |
| 347 | Sysco Corp. | 26528 |
|  |  | **181886** |
|  | **HEALTHCARE-PRODUCTS — 1.3%** |  |
| 437 | Abbott Laboratories | 47978 |
| 170 | Danaher Corp. | 45121 |
| 374 | Medtronic PLC<sup>2</sup> | 29067 |
| 98 | Thermo Fisher Scientific, Inc. | 53968 |
|  |  | **176134** |
|  | **HEALTHCARE-SERVICES — 1.1%** |  |
| 81 | Elevance Health, Inc. | 41550 |
| 221 | UnitedHealth Group, Inc.<sup>1</sup> | 117170 |
|  |  | **158720** |

---

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **HOUSEHOLD PRODUCTS/WARES — 0.2%** |  |
| 217 | Kimberly-Clark Corp. | $**29458** |
|  | **INSURANCE — 3.8%** |  |
| 108 | Aon PLC - Class A<sup>2</sup> | 32415 |
| 1191 | Berkshire Hathaway, Inc. - Class B\*<sup>,1</sup> | 367900 |
| 216 | Chubb Ltd.<sup>2</sup> | 47649 |
| 261 | Marsh & McLennan Cos., Inc. | 43190 |
| 322 | Progressive Corp. | 41767 |
|  |  | **532921** |
|  | **INTERNET — 9.2%** |  |
| 6367 | Alphabet, Inc. - Class A\*<sup>,1</sup> | 561760 |
| 3388 | Amazon.com, Inc.\*<sup>,1</sup> | 284592 |
| 15 | Booking Holdings, Inc.\* | 30229 |
| 2322 | Meta Platforms, Inc. - Class A\*<sup>,1</sup> | 279430 |
| 453 | Netflix, Inc.\* | 133581 |
|  |  | **1289592** |
|  | **IRON/STEEL — 0.2%** |  |
| 206 | Nucor Corp. | **27153** |
|  | **LODGING — 0.1%** |  |
| 107 | Marriott International, Inc. - Class A | **15931** |
|  | **MACHINERY-CONSTRUCTION & MINING — 0.6%** |  |
| 344 | Caterpillar, Inc.<sup>1</sup> | **82409** |
|  | **MACHINERY-DIVERSIFIED — 0.6%** |  |
| 192 | Deere & Co. | **82322** |
|  | **MEDIA — 1.0%** |  |
| 42 | Charter Communications, Inc. - Class A\* | 14242 |
| 1852 | Comcast Corp. - Class A | 64765 |
| 674 | Walt Disney Co.\*<sup>,1</sup> | 58557 |
|  |  | **137564** |
|  | **MINING — 0.6%** |  |
| 1232 | Freeport-McMoRan, Inc. | 46816 |
| 699 | Newmont Corp. | 32993 |
|  |  | **79809** |
|  | **MISCELLANEOUS MANUFACTURING — 1.3%** |  |
| 370 | 3M Co. | 44370 |
| 273 | Eaton Corp. PLC<sup>2</sup> | 42847 |
| 616 | General Electric Co. | 51615 |

---

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **MISCELLANEOUS MANUFACTURING (Continued)** |  |
| 180 | Illinois Tool Works, Inc. | $39654 |
|  |  | **178486** |
|  | **OIL & GAS — 6.0%** |  |
| 1124 | Chevron Corp.<sup>1</sup> | 201747 |
| 794 | ConocoPhillips | 93692 |
| 387 | Devon Energy Corp. | 23804 |
| 106 | Diamondback Energy, Inc. | 14499 |
| 307 | EOG Resources, Inc. | 39763 |
| 2599 | Exxon Mobil Corp.<sup>1</sup> | 286670 |
| 147 | Hess Corp. | 20847 |
| 292 | Marathon Petroleum Corp. | 33986 |
| 458 | Occidental Petroleum Corp. | 28849 |
| 285 | Phillips 66 | 29663 |
| 129 | Pioneer Natural Resources Co. | 29462 |
| 231 | Valero Energy Corp. | 29305 |
|  |  | **832287** |
|  | **OIL & GAS SERVICES — 0.6%** |  |
| 486 | Baker Hughes Co. | 14352 |
| 463 | Halliburton Co. | 18219 |
| 838 | Schlumberger Ltd.<sup>2</sup> | 44799 |
|  |  | **77370** |
|  | **PHARMACEUTICALS — 3.5%** |  |
| 441 | AbbVie, Inc. | 71270 |
| 506 | Bristol-Myers Squibb Co. | 36406 |
| 73 | Cigna Corp. | 24188 |
| 327 | CVS Health Corp. | 30473 |
| 199 | Eli Lilly & Co. | 72802 |
| 655 | Johnson & Johnson<sup>1</sup> | 115706 |
| 601 | Merck & Co., Inc. | 66681 |
| 1329 | Pfizer, Inc. | 68098 |
|  |  | **485624** |
|  | **PIPELINES — 0.6%** |  |
| 156 | Cheniere Energy, Inc. | 23394 |
| 1257 | Kinder Morgan, Inc. | 22726 |
| 260 | ONEOK, Inc. | 17082 |
| 714 | Williams Cos., Inc. | 23491 |
|  |  | **86693** |
|  | **REITS — 0.8%** |  |
| 256 | American Tower Corp. - REIT | 54236 |

---

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **REITS (Continued)** |  |
| 477 | Prologis, Inc. - REIT | $53772 |
|  |  | **108008** |
|  | **RETAIL — 4.5%** |  |
| 6 | AutoZone, Inc.\* | 14797 |
| 9 | Chipotle Mexican Grill, Inc.\* | 12487 |
| 164 | Costco Wholesale Corp.<sup>1</sup> | 74866 |
| 72 | Dollar General Corp. | 17730 |
| 82 | Dollar Tree, Inc.\* | 11598 |
| 378 | Home Depot, Inc.<sup>1</sup> | 119395 |
| 229 | Lowe's Cos., Inc. | 45626 |
| 271 | McDonald's Corp. | 71417 |
| 23 | O'Reilly Automotive, Inc.\* | 19413 |
| 424 | Starbucks Corp. | 42061 |
| 162 | Target Corp. | 24144 |
| 429 | TJX Cos., Inc. | 34148 |
| 986 | Walmart, Inc.<sup>1</sup> | 139805 |
|  |  | **627487** |
|  | **SEMICONDUCTORS — 8.4%** |  |
| 1643 | Advanced Micro Devices, Inc.\* | 106417 |
| 523 | Analog Devices, Inc. | 85788 |
| 832 | Applied Materials, Inc. | 81020 |
| 330 | Broadcom, Inc. | 184513 |
| 3928 | Intel Corp. | 103817 |
| 2383 | NVIDIA Corp.<sup>1</sup> | 348252 |
| 1143 | QUALCOMM, Inc. | 125661 |
| 874 | Texas Instruments, Inc. | 144402 |
|  |  | **1179870** |
|  | **SOFTWARE — 8.9%** |  |
| 473 | Adobe, Inc.\* | 159179 |
| 408 | Fiserv, Inc.\* | 41236 |
| 269 | Intuit, Inc. | 104700 |
| 2521 | Microsoft Corp.<sup>1</sup> | 604586 |
| 1592 | Oracle Corp. | 130130 |
| 1018 | Salesforce, Inc.\* | 134977 |
| 191 | ServiceNow, Inc.\* | 74160 |
|  |  | **1248968** |
|  | **TELECOMMUNICATIONS — 2.5%** |  |
| 2996 | AT&T, Inc. | 55156 |
| 3974 | Cisco Systems, Inc.<sup>1</sup> | 189322 |
| 268 | T-Mobile US, Inc.\* | 37520 |

---

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **TELECOMMUNICATIONS (Continued)** |  |
| 1765 | Verizon Communications, Inc. | $69541 |
|  |  | **351539** |
|  | **TRANSPORTATION — 1.8%** |  |
| 1393 | CSX Corp. | 43155 |
| 161 | Norfolk Southern Corp. | 39674 |
| 428 | Union Pacific Corp.<sup>1</sup> | 88626 |
| 476 | United Parcel Service, Inc. - Class B<sup>1</sup> | 82748 |
|  |  | **254203** |
|  | **VENTURE CAPITAL — 0.2%** |  |
| 386 | Blackstone, Inc. | **28637** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,810,724) | **13451754** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 1.3%** |  |
| $183115 | UMB Bank Demand Deposit, 0.01%<sup>3</sup> | **183115** |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(Cost $183,115) | **183115** |
|  | **TOTAL INVESTMENTS — 97.6%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,993,839) | **13634869** |
|  | Other Assets in Excess of Liabilities — 2.4% | 337507 |
|  | **TOTAL NET ASSETS — 100.0%** | $**13972376** |

---

PLC – Public Limited Company

REIT – Real Estate Investment Trusts

\* Non-income producing security.

<sup>1</sup> All or a portion of this security is segregated as collateral for swap agreement. As of December 31, 2022, the aggregate value of those securities was $3,682,064, representing 26.4% of net assets.

<sup>2</sup> Foreign security denominated in U.S. Dollars.

<sup>3</sup> The rate is the annualized seven-day yield at period end.

**AXS Thomson Reuters Private Equity Return Tracker Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

**SWAP CONTRACTS**

**EQUITY SWAP CONTRACTS**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Counterparty | Fund Pays | Fund Receives | Pay/Receive<br> Frequency | Termination<br> Date | Notional<br> Amount | Premium<br> Paid<br> (Received) | Unrealized<br> Appreciation<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;BNP Paribas BNP Paribas Index Swap<sup>1</sup> | 1-Month Federal Funds + 0.57% | Index Return | Monthly | 1/3/23 | $15449901 | $450 | $535081 |
| &nbsp;&nbsp;&nbsp;BNP Paribas BNP Paribas Equity Basket Swap<sup>2</sup> | 1-Month Federal Funds + 0.57% | Basket Return | Monthly | 1/3/23 | 2999893 | 56 | $(195434) |
| **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** |  |  | $339647 |

---

<sup>1</sup> The BNP Paribas Index Swap is made up of the NASDAQ 100 Total Return Index, Dow Jones Industrial Average Total Return Index, and S&P 500 Total Return Index and exposure to each index was (159.18)%, 159.18%, and 21.67%, respectively.

<sup>2</sup> BNP Paribas Equity Basket Swap Top 50 Holdings^

---

| | | | |
|:---|:---|:---|:---|
| Number of<br> Shares | <br>Description | Value | Percentage of Equity<br> Swap's Notional Amount |
| 565 | Microsoft Corp. | $135498 | 4.52% |
| 973 | Apple, Inc. | 126422 | 4.21% |
| 1426 | Alphabet, Inc. - Class A | 125816 | 4.19% |
| 267 | Berkshire Hathaway, Inc. - Class B | 82476 | 2.75% |
| 534 | NVIDIA Corp. | 78039 | 2.60% |
| 373 | Visa, Inc. - Class A | 77494 | 2.58% |
| 195 | Mastercard, Inc. - Class A | 67807 | 2.26% |
| 582 | Exxon Mobil Corp. | 64195 | 2.14% |
| 759 | Amazon.com, Inc. | 63756 | 2.13% |
| 520 | Meta Platforms, Inc. - Class A | 62577 | 2.09% |
| 366 | Procter & Gamble Co. | 55471 | 1.85% |
| 362 | JPMorgan Chase & Co. | 48544 | 1.62% |
| 252 | Chevron Corp. | 45231 | 1.51% |
| 890 | Cisco Systems, Inc. | 42400 | 1.41% |
| 74 | Broadcom, Inc. | 41376 | 1.38% |
| 144 | Accenture PLC - Class A | 38425 | 1.28% |
| 604 | Coca-Cola Co. | 38420 | 1.28% |
| 201 | PepsiCo, Inc. | 36313 | 1.21% |
| 106 | Adobe, Inc. | 35672 | 1.19% |
| 105 | Linde PLC | 34249 | 1.14% |
| 196 | Texas Instruments, Inc. | 32383 | 1.08% |
| 221 | Walmart, Inc. | 31336 | 1.04% |
| 228 | Salesforce, Inc. | 30231 | 1.01% |
| 101 | Netflix, Inc. | 29783 | 0.99% |
| 357 | Oracle Corp. | 29181 | 0.97% |
| 862 | Bank of America Corp. | 28549 | 0.95% |
| 256 | QUALCOMM, Inc. | 28145 | 0.94% |
| 196 | International Business Machines Corp. | 27614 | 0.92% |
| 220 | Tesla, Inc. | 27100 | 0.90% |
| 85 | Home Depot, Inc. | 26848 | 0.89% |
| 50 | UnitedHealth Group, Inc. | 26509 | 0.88% |
| 147 | Johnson & Johnson | 25968 | 0.87% |
| 368 | Advanced Micro Devices, Inc. | 23835 | 0.79% |
| 60 | Intuit, Inc. | 23353 | 0.78% |
| 880 | Intel Corp. | 23258 | 0.78% |
| 95 | Automatic Data Processing, Inc. | 22692 | 0.76% |
| 103 | Honeywell International, Inc. | 22073 | 0.74% |
| 215 | Raytheon Technologies Corp. | 21698 | 0.72% |
| 257 | NextEra Energy, Inc. | 21485 | 0.72% |
| 212 | Philip Morris International, Inc. | 21457 | 0.72% |
| 178 | ConocoPhillips | 21004 | 0.70% |
| 96 | Union Pacific Corp. | 19879 | 0.66% |
| 467 | Wells Fargo & Co. | 19282 | 0.64% |
| 117 | Analog Devices, Inc. | 19192 | 0.64% |
| 264 | PayPal Holdings, Inc. | 18802 | 0.63% |
| 107 | United Parcel Service, Inc. - Class B | 18601 | 0.62% |
| 77 | Caterpillar, Inc. | 18446 | 0.61% |
| 43 | Deere & Co. | 18437 | 0.61% |
| 186 | Applied Materials, Inc. | 18113 | 0.60% |
| 37 | Lockheed Martin Corp. | 18000 | 0.60% |

---

^ These investments are not direct holdings of the Fund. The holdings were determined based on the absolute notional values of the positions within the underlying swap basket.

## 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 Thomson Reuters Private Equity Return Tracker Fund

- **b. EDGAR series identifier (if any):** S000069732

- **c. LEI of Series:** 549300CAA0USM2OGXH24

**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:** $14075358.08

**Total Liabilities:** $89191.14

**Net Assets:** $13986166.94

**Cash Not Reported:** $218518.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222486 | 14.44%               | 7.08%                | -4.12%               |
| Class ID C000222487 | 14.53%               | 7.22%                | -4.09%               |
| Class ID C000222488 | 14.46%               | 7.26%                | -4.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-412908.30              | $1485617.37                                |
| Month 2  | $11042.06                | $827637.45                                 |
| Month 3  | $-57708.50               | $-816697.27                                |

**Designated Index Information**

- **Index Name:** Thomson Reuters Private Equity Buyout Research Index

- **Index Identifier:** TRPEI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eaton Corp PLC                     | Eaton Corp. PLC                          | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |       273 | NS      | $42847.35     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                        | Exelon Corp.                             | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |       552 | NS      | $23862.96     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                | Vulcan Materials Co.                     | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       116 | NS      | $20312.76     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc         | Verizon Communications, Inc.             | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      1765 | NS      | $69541.00     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc               | WEC Energy Group, Inc.                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       171 | NS      | $16032.96     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                   | Wells Fargo & Co.                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      2087 | NS      | $86172.23     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc               | Waste Management, Inc.                   | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |       269 | NS      | $42200.72     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The               | Williams Cos., Inc.                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |       714 | NS      | $23490.60     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                      | Ford Motor Co.                           | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      1460 | NS      | $16979.80     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc             | Diamondback Energy, Inc.                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       106 | NS      | $14498.68     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                        | Walmart, Inc.                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |       986 | NS      | $139804.94    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                    | Xcel Energy, Inc.                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |       281 | NS      | $19700.91     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc               | Freeport-McMoRan, Inc.                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      1232 | NS      | $46816.00     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                         | Fiserv, Inc.                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       408 | NS      | $41236.56     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                   | Exxon Mobil Corp.                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2599 | NS      | $286669.70    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp              | General Dynamics Corp.                   | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       168 | NS      | $41682.48     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                | General Electric Co.                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       616 | NS      | $51614.64     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                  | General Mills, Inc.                      | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |       358 | NS      | $30018.30     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                  | General Motors Co.                       | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |       506 | NS      | $17021.84     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                       | Alphabet, Inc. - Class A                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6367 | NS      | $561760.41    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The        | Goldman Sachs Group, Inc.                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       188 | NS      | $64555.44     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                     | Halliburton Co.                          | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |       463 | NS      | $18219.05     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                 | Home Depot, Inc.                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       378 | NS      | $119395.08    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                          | Hess Corp.                               | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |       147 | NS      | $20847.54     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                          | Apple, Inc.                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4344 | NS      | $564415.92    | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                         | AbbVie, Inc.                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       441 | NS      | $71270.01     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                | Abbott Laboratories                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |       437 | NS      | $47978.23     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                      | Accenture PLC - Class A                  | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       644 | NS      | $171844.96    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                          | Adobe, Inc.                              | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       473 | NS      | $159178.69    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                 | Analog Devices, Inc.                     | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       523 | NS      | $85787.69     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co          | Archer-Daniels-Midland Co.               | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |       322 | NS      | $29897.70     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc      | Automatic Data Processing, Inc.          | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       423 | NS      | $101037.78    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc     | American Electric Power Co., Inc.        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |       282 | NS      | $26775.90     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                     | Albemarle Corp.                          | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       110 | NS      | $23854.60     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc              | Applied Materials, Inc.                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       832 | NS      | $81020.16     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc         | Advanced Micro Devices, Inc.             | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1643 | NS      | $106417.11    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                          | Amgen, Inc.                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       126 | NS      | $33092.64     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                | American Tower Corp. - REIT              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             |  | CORP              | US        |       256 | NS      | $54236.16     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                     | Amazon.com, Inc.                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3388 | NS      | $284592.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                            | Aon PLC - Class A                        | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | US        |       108 | NS      | $32415.12     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc     | Air Products and Chemicals, Inc.         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       195 | NS      | $60110.70     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                       | Broadcom, Inc.                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       330 | NS      | $184512.90    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                | American Express Co.                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       330 | NS      | $48757.50     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                       | AutoZone, Inc.                           | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |         6 | NS      | $14797.08     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                      | Boeing Co.                               | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       407 | NS      | $77529.43     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp               | Bank of America Corp.                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      3846 | NS      | $127379.52    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BNPP Equity Swap BCKTAXPE   /      | BNPP Equity Swap BCKTAXPE   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |    148907 | NC      | $546361.42    | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc               | Booking Holdings, Inc.                   | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        15 | NS      | $30229.20     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                    | Baker Hughes Co.                         | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       486 | NS      | $14351.58     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                      | BlackRock, Inc.                          | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |        83 | NS      | $58816.29     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co            | Bristol-Myers Squibb Co.                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |       506 | NS      | $36406.70     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BNPP Equity Swap AXS PE Basket   / | BNPP Equity Swap AXS PE Basket   /       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     20331 | NC      | $-186282.32   | -1.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc             | Berkshire Hathaway, Inc. - Class B       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1191 | NS      | $367899.90    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                     | Blackstone, Inc.                         | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       386 | NS      | $28637.34     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                      | Citigroup, Inc.                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      1066 | NS      | $48215.18     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                    | Caterpillar, Inc.                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       344 | NS      | $82408.64     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                          | Chubb Ltd.                               | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       216 | NS      | $47649.60     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc         | CF Industries Holdings, Inc.             | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |       150 | NS      | $12780.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc         | Charter Communications, Inc. - Class A   | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |        42 | NS      | $14242.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                         | Cigna Corp.                              | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |        73 | NS      | $24187.82     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co               | Colgate-Palmolive Co.                    | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |       571 | NS      | $44989.09     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                       | Comcast Corp. - Class A                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      1852 | NS      | $64764.44     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                      | CME Group, Inc.                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       180 | NS      | $30268.80     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc         | Chipotle Mexican Grill, Inc.             | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         9 | NS      | $12487.41     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                     | ConocoPhillips                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |       794 | NS      | $93692.00     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp              | Costco Wholesale Corp.                   | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       164 | NS      | $74866.00     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                     | Salesforce, Inc.                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1018 | NS      | $134976.62    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                  | Cisco Systems, Inc.                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3974 | NS      | $189321.36    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                           | CSX Corp.                                | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      1393 | NS      | $43155.14     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                        | Corteva, Inc.                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |       467 | NS      | $27450.26     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                    | CVS Health Corp.                         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |       327 | NS      | $30473.13     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                       | Chevron Corp.                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1124 | NS      | $201746.76    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                | Dominion Energy, Inc.                    | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |       486 | NS      | $29801.52     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc              | DuPont de Nemours, Inc.                  | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |       469 | NS      | $32187.47     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                         | Deere & Co.                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       192 | NS      | $82321.92     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                | Dollar General Corp.                     | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |        72 | NS      | $17730.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                       | Danaher Corp.                            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       170 | NS      | $45121.40     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                 | Walt Disney Co.                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       674 | NS      | $58557.12     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                    | Dollar Tree, Inc.                        | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |        82 | NS      | $11598.08     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                            | Dow, Inc.                                | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |       673 | NS      | $33912.47     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                   | Duke Energy Corp.                        | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |       427 | NS      | $43976.73     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                  | Devon Energy Corp.                       | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |       387 | NS      | $23804.37     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                         | Ecolab, Inc.                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       238 | NS      | $34643.28     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc            | Consolidated Edison, Inc.                | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |       191 | NS      | $18204.21     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The           | Estee Lauder Cos., Inc. - Class A        | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |       159 | NS      | $39449.49     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                | Elevance Health, Inc.                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |        81 | NS      | $41550.57     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                 | Enphase Energy, Inc.                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |        78 | NS      | $20666.88     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                  | EOG Resources, Inc.                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       307 | NS      | $39762.64     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc        | Honeywell International, Inc.            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       461 | NS      | $98792.30     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                     | Hershey Co.                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |        93 | NS      | $21536.01     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                | International Business Machines Corp.    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       874 | NS      | $123137.86    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                         | Intel Corp.                              | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      3928 | NS      | $103817.04    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                         | Intuit, Inc.                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       269 | NS      | $104700.18    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc            | Illinois Tool Works, Inc.                | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       180 | NS      | $39654.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                  | Johnson & Johnson                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       655 | NS      | $115705.75    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                | JPMorgan Chase & Co.                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1615 | NS      | $216571.50    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc               | Keurig Dr Pepper, Inc.                   | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |       592 | NS      | $21110.72     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                 | Kraft Heinz Co.                          | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |       546 | NS      | $22227.66     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                | Kimberly-Clark Corp.                     | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       217 | NS      | $29457.75     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                  | Kinder Morgan, Inc.                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      1257 | NS      | $22726.56     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                   | Coca-Cola Co.                            | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      2695 | NS      | $171428.95    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                      | Kroger Co.                               | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |       426 | NS      | $18991.08     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                          | Linde PLC                                | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |       467 | NS      | $152326.06    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                     | Eli Lilly & Co.                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       199 | NS      | $72802.16     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp               | Lockheed Martin Corp.                    | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       164 | NS      | $79784.36     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                | Cheniere Energy, Inc.                    | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       156 | NS      | $23393.76     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                     | Lowe's Cos., Inc.                        | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       229 | NS      | $45625.96     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV       | LyondellBasell Industries N.V. - Class A | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |       223 | NS      | $18515.69     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                     | Mastercard, Inc. - Class A               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       869 | NS      | $302177.37    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD      | Marriott International, Inc. - Class A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       107 | NS      | $15931.23     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                    | McDonald's Corp.                         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       271 | NS      | $71416.63     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc         | Mondelez International, Inc. - Class A   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |       939 | NS      | $62584.35     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                      | Medtronic PLC                            | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |       374 | NS      | $29067.28     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                 | Meta Platforms, Inc. - Class A           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2322 | NS      | $279429.48    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc      | Martin Marietta Materials, Inc.          | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |        52 | NS      | $17574.44     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc           | Marsh & McLennan Cos., Inc.              | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |       261 | NS      | $43190.28     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                              | 3M Co.                                   | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       370 | NS      | $44370.40     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp              | Monster Beverage Corp.                   | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |       256 | NS      | $25991.68     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                   | Altria Group, Inc.                       | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      1159 | NS      | $52977.89     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp            | Marathon Petroleum Corp.                 | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       292 | NS      | $33985.88     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                     | Merck & Co., Inc.                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       601 | NS      | $66680.95     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                     | Morgan Stanley                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       737 | NS      | $62659.74     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                     | Microsoft Corp.                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2521 | NS      | $604586.22    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                 | NextEra Energy, Inc.                     | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1148 | NS      | $95972.80     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                       | Newmont Corp.                            | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |       699 | NS      | $32992.80     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                        | Netflix, Inc.                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       453 | NS      | $133580.64    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                           | NIKE, Inc. - Class B                     | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |       467 | NS      | $54643.67     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp              | Northrop Grumman Corp.                   | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |        98 | NS      | $53469.78     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                     | ServiceNow, Inc.                         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       191 | NS      | $74159.57     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp              | Norfolk Southern Corp.                   | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       161 | NS      | $39673.62     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                         | Nucor Corp.                              | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       206 | NS      | $27152.86     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                        | NVIDIA Corp.                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2383 | NS      | $348251.62    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                          | ONEOK, Inc.                              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |       260 | NS      | $17082.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                        | Oracle Corp.                             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1592 | NS      | $130130.08    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc            | O'Reilly Automotive, Inc.                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |        23 | NS      | $19412.69     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp          | Occidental Petroleum Corp.               | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |       458 | NS      | $28849.42     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                        | PepsiCo, Inc.                            | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       897 | NS      | $162052.02    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                         | Pfizer, Inc.                             | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      1329 | NS      | $68097.96     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The            | Procter & Gamble Co.                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1633 | NS      | $247497.48    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The               | Progressive Corp.                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       322 | NS      | $41766.62     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                       | Prologis, Inc. - REIT                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             |  | CORP              | US        |       477 | NS      | $53772.21     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In     | Philip Morris International, Inc.        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       944 | NS      | $95542.24     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I     | PNC Financial Services Group, Inc.       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       225 | NS      | $35536.50     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                 | PPG Industries, Inc.                     | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |       207 | NS      | $26028.18     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                        | Phillips 66                              | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       285 | NS      | $29662.80     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co       | Pioneer Natural Resources Co.            | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |       129 | NS      | $29462.31     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                | PayPal Holdings, Inc.                    | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      1178 | NS      | $83897.16     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                       | QUALCOMM, Inc.                           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1143 | NS      | $125661.42    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp         | Raytheon Technologies Corp.              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       961 | NS      | $96984.12     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                     | Starbucks Corp.                          | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |       424 | NS      | $42060.80     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The            | Charles Schwab Corp.                     | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |       841 | NS      | $70021.66     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The            | Sherwin-Williams Co.                     | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       223 | NS      | $52924.59     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                   | Schlumberger Ltd.                        | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |       838 | NS      | $44799.48     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                    | Southern Co.                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |       553 | NS      | $39489.73     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                     | S&P Global, Inc.                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       217 | NS      | $72681.98     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                      | Sempra Energy                            | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |       151 | NS      | $23335.54     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc           | Constellation Brands, Inc. - Class A     | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       111 | NS      | $25724.25     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                         | Sysco Corp.                              | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |       347 | NS      | $26528.15     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                           | AT&T, Inc.                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      2996 | NS      | $55156.36     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp              | Truist Financial Corp.                   | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |       730 | NS      | $31411.90     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                        | Target Corp.                             | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       162 | NS      | $24144.48     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                    | TJX Cos., Inc.                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       429 | NS      | $34148.40     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc       | Thermo Fisher Scientific, Inc.           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |        98 | NS      | $53967.62     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                    | T-Mobile US, Inc.                        | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       268 | NS      | $37520.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                          | Tesla, Inc.                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       985 | NS      | $121332.30    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc              | Texas Instruments, Inc.                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       874 | NS      | $144402.28    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc             | UnitedHealth Group, Inc.                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       221 | NS      | $117169.78    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                 | Union Pacific Corp.                      | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       428 | NS      | $88625.96     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc          | United Parcel Service, Inc. - Class B    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       476 | NS      | $82747.84     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                         | U.S. Bancorp                             | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |       752 | NS      | $32794.72     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                           | Visa, Inc. - Class A                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1664 | NS      | $345712.64    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                 | Valero Energy Corp.                      | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       231 | NS      | $29304.66     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-25

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

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

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

**Title:** President