# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-25-051952
**Filing Date:** 2025-8
**Character Count:** 72915
**Document Hash:** e7f0b8f4d0845b3a5b3d90e255fb3d4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-051952.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001145549-25-051952

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**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:** 251236711

**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

### First Trust Merger Arbitrage Fund (Series ID: S000048195)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000152358 | Class A Shares | VARAX           |
| C000152359 | Class I Shares | VARBX           |
| C000248222 | Class C Shares | VARCX           |

## Nport-Ex

**First Trust Merger Arbitrage Fund**

**SCHEDULE OF INVESTMENTS**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 82.9%** |  |
|  | **CONSUMER DISCRETIONARY — 9.1%** |  |
| 829686 | AZEK Co., Inc. - Class A\* | $45093434 |
| 835892 | Berto Acquisition Corp.\*<sup>,1</sup> | 8709995 |
| 292320 | Foot Locker, Inc.\* | 7161840 |
| 330 | GMS, Inc.\* | 35887 |
| 1165768 | Skechers USA, Inc. - Class A\*<sup>,2</sup> | 73559961 |
|  |  | **134561117** |
|  | **CONSUMER STAPLES — 4.3%** |  |
| 752101 | Kellanova<sup>2</sup> | 59814593 |
| 105600 | SpartanNash Co. | 2797344 |
|  |  | **62611937** |
|  | **ENERGY — 1.1%** |  |
| 486791 | ChampionX Corp. | 12091888 |
| 206649 | Sitio Royalties Corp. | 3798209 |
|  |  | **15890097** |
|  | **FINANCIALS — 51.2%** |  |
| 2700502 | AA Mission Acquisition Corp. - Class A\*<sup>,1,3</sup> | 28139231 |
| 2829210 | Agriculture & Natural Solutions Acquisition Corp. - Class A\*<sup>,1,3</sup> | 30696918 |
| 506461 | AI Transportation Acquisition Corp.\*<sup>,1,3,4</sup> | 5571071 |
| 649911 | Aimei Health Technology Co., Ltd.\*<sup>,1,3</sup> | 7201014 |
| 1002544 | Andretti Acquisition Corp. II - Class A\*<sup>,1</sup> | 10406407 |
| 2287555 | Ares Acquisition Corp. II - Class A\*<sup>,1</sup> | 25917998 |
| 417062 | Armada Acquisition Corp. I - Class A\*<sup>,1</sup> | 4183132 |
| 313581 | Artius II Acquisition, Inc. - Class A\*<sup>,1</sup> | 3173440 |
| 122924 | Bayview Acquisition Corp. - Class A\*<sup>,1</sup> | 1382895 |
| 611000 | Black Hawk Acquisition Corp.<sup>1,3</sup> | 6494930 |
| 1945654 | Bleichroeder Acquisition Corp. I - Class A\*<sup>,1,3</sup> | 20098606 |
| 333594 | Cal Redwood Acquisition Corp. - Class A\*<sup>,1</sup> | 3325932 |
| 167200 | Cantor Equity Partners II, Inc. - Class A\*<sup>,1</sup> | 1844216 |
| 82328 | Cantor Equity Partners III, Inc. - Class A\*<sup>,1</sup> | 868560 |
| 430937 | Cartesian Growth Corp. II\*<sup>,1</sup> | 5154007 |
| 66728 | Cayson Acquisition Corp.\*<sup>,1</sup> | 688633 |
| 2479407 | Centurion Acquisition Corp. - Class A\*<sup>,1,3</sup> | 26232126 |
| 410807 | ChampionsGate Acquisition Corp. - Class A\*<sup>,1</sup> | 4099854 |
| 716459 | Charlton Aria Acquisition Corp. - Class A\*<sup>,1,3</sup> | 7365199 |
| 531226 | Columbus Circle Capital Corp. I - Class A\*<sup>,1</sup> | 5641620 |
| 376352 | Crane Harbor Acquisition Corp. - Class A\*<sup>,1</sup> | 3789865 |
| 91441 | CSLM Acquisition Corp. - Class A\*<sup>,1</sup> | 1056144 |
| 731470 | Digital Asset Acquisition Corp. - Class A\*<sup>,1</sup> | 7658491 |
| 1929288 | Drugs Made In America Acquisition Corp.\*<sup>,1,3</sup> | 19678738 |
| 584860 | Dune Acquisition Corp. II - Class A\*<sup>,1</sup> | 5877843 |

---

**First Trust Merger Arbitrage Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **FINANCIALS (Continued)** |  |
| 654286 | Dynamix Corp. - Class A\*<sup>,1</sup> | $6667174 |
| 180000 | Embrace Change Acquisition Corp.\*<sup>,1</sup> | 2178000 |
| 156579 | Enstar Group Ltd.\*<sup>,1,2</sup> | 52666912 |
| 73790 | Enterprise Bancorp, Inc.\*<sup>,1</sup> | 2925036 |
| 415646 | Eureka Acquisition Corp.<sup>1,3</sup> | 4314405 |
| 211662 | Evergreen Corp. - Class A\*<sup>,1</sup> | 2609792 |
| 372349 | Fifth Era Acquisition Corp. I - Class A\*<sup>,1</sup> | 3779342 |
| 556295 | Flag Ship Acquisition Corp.\*<sup>,1,3</sup> | 5857786 |
| 404792 | Gesher Acquisition Corp. II - Class A\*<sup>,1</sup> | 4108639 |
| 539554 | GigCapital7 Corp. - Class A\*<sup>,1</sup> | 5584384 |
| 449824 | Gores Holdings X, Inc. - Class A\*<sup>,1</sup> | 4608447 |
| 1897607 | GP Act III Acquisition Corp. - Class A\*<sup>,1,3</sup> | 20019754 |
| 1931321 | Graf Global Corp. - Class A\*<sup>,1,3</sup> | 20201618 |
| 1939487 | Haymaker Acquisition Corp. IV - Class A\*<sup>,1,3</sup> | 21528306 |
| 959283 | HCM II Acquisition Corp. - Class A\*<sup>,1</sup> | 10648041 |
| 280410 | Horizon Space Acquisition I Corp.\*<sup>,1,3</sup> | 3406982 |
| 551171 | Inflection Point Acquisition Corp. III - Class A\*<sup>,1</sup> | 5649503 |
| 477663 | Jackson Acquisition Co. II - Class A\*<sup>,1</sup> | 4919929 |
| 183044 | Jena Acquisition Corp. II\*<sup>,1</sup> | 1881692 |
| 85590 | K&F Growth Acquisition Corp. II - Class A\*<sup>,1</sup> | 871306 |
| 91247 | Keen Vision Acquisition Corp.\*<sup>,1</sup> | 1037478 |
| 1866241 | Launch One Acquisition Corp. - Class A\*<sup>,1,3</sup> | 19436900 |
| 1608549 | Legato Merger Corp. III\*<sup>,1,3</sup> | 17179303 |
| 1938207 | Lionheart Holdings - Class A\*<sup>,1,3</sup> | 20428702 |
| 44340 | Live Oak Acquisition Corp. V - Class A\*<sup>,1</sup> | 474438 |
| 1059204 | M3-Brigade Acquisition V Corp. - Class A\*<sup>,1</sup> | 11958413 |
| 1275345 | Melar Acquisition Corp. I - Class A\*<sup>,1,3</sup> | 13391122 |
| 862098 | Mountain Lake Acquisition Corp. - Class A\*<sup>,1</sup> | 8845125 |
| 2463270 | Nabors Energy Transition Corp. II - Class A\*<sup>,1,3</sup> | 27342297 |
| 59190 | Newbury Street II Acquisition Corp. - Class A\*<sup>,1</sup> | 609065 |
| 768067 | NewHold Investment Corp. II - Class A\*<sup>,1</sup> | 7811241 |
| 505710 | Oak Woods Acquisition Corp. - Class A\*<sup>,1,3</sup> | 5982549 |
| 934747 | Patria Latin American Opportunity Acquisition Corp. - Class A\*<sup>,1,4</sup> | 11076752 |
| 558455 | Plum Acquisition Corp. IV - Class A\*<sup>,1</sup> | 5752086 |
| 538832 | Pyrophyte Acquisition Corp. - Class A<sup>1,4</sup> | 6363606 |
| 644211 | Range Capital Acquisition Corp.\*<sup>,1</sup> | 6622489 |
| 756454 | Real Asset Acquisition Corp. - Class A\*<sup>,1</sup> | 7685573 |
| 380181 | Renatus Tactical Acquisition Corp. I - Class A\*<sup>,1</sup> | 4486136 |
| 292586 | Republic Digital Acquisition Co. - Class A\*<sup>,1</sup> | 3007784 |
| 939193 | RF Acquisition Corp. II\*<sup>,1,2,3</sup> | 9946054 |
| 1245249 | Rithm Acquisition Corp. - Class A\*<sup>,1</sup> | 12689087 |

---

**First Trust Merger Arbitrage Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **FINANCIALS (Continued)** |  |
| 375130 | Roman DBDR Acquisition Corp. II - Class A\*<sup>,1</sup> | $3867590 |
| 1386914 | Siddhi Acquisition Corp. - Class A\*<sup>,1</sup> | 14007831 |
| 378680 | Silverbox Corp. IV - Class A\*<sup>,1</sup> | 4150333 |
| 1625271 | SIM Acquisition Corp. I - Class A\*<sup>,1,3</sup> | 16951577 |
| 339375 | Sizzle Acquisition Corp.\*<sup>,1</sup> | 3410719 |
| 760287 | Slam Corp.\*<sup>,1</sup> | 9017004 |
| 662802 | Soulpower Acquisition Corp. - Class A\*<sup>,1</sup> | 6654532 |
| 786140 | Spark I Acquisition Corp.\*<sup>,1</sup> | 8545342 |
| 343562 | Spring Valley Acquisition Corp. II - Class A\*<sup>,1</sup> | 4036853 |
| 431985 | Tavia Acquisition Corp.\*<sup>,1</sup> | 4436486 |
| 1425290 | Texas Ventures Acquisition III Corp. - Class A\*<sup>,1</sup> | 14366923 |
| 627836 | Titan Acquisition Corp. - Class A\*<sup>,1</sup> | 6297195 |
| 558342 | Translational Development Acquisition Corp. - Class A\*<sup>,1</sup> | 5750923 |
| 1602338 | Vine Hill Capital Investment Corp. - Class A\*<sup>,1,3</sup> | 16680339 |
| 1405632 | Voyager Acquisition Corp. - Class A\*<sup>,1</sup> | 14576404 |
|  |  | **755850169** |
|  | **HEALTH CARE — 8.3%** |  |
| 376836 | Blueprint Medicines Corp.\* | 48302839 |
| 1584461 | SpringWorks Therapeutics, Inc.\*<sup>,2</sup> | 74453822 |
|  |  | **122756661** |
|  | **REAL ESTATE — 0.7%** |  |
| 867717 | Redfin Corp.\*<sup>,2</sup> | **9709753** |
|  | **TECHNOLOGY — 8.2%** |  |
| 2927290 | AvidXchange Holdings, Inc.\*<sup>,2</sup> | 28658169 |
| 8788558 | Dun & Bradstreet Holdings, Inc.<sup>2</sup> | 79887992 |
| 234399 | Informatica, Inc. - Class A\* | 5707616 |
| 550903 | PlayAGS, Inc.\* | 6886287 |
|  |  | **121140064** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,184,006,252) | **1222519798** |
|  | **RIGHTS — 0.1%** |  |
| 287741 | Abiomed, Inc., Expiration Date: December 30, 2029\*<sup>,4</sup> | 293496 |
| 230798 | Columbus Circle Capital Corp. I, Expiration Date: June 4, 2030\*<sup>,1</sup> | 392357 |
| 773352 | Mercer Park Opportunities Corp., Expiration Date: Pending\*<sup>,1</sup> | 7733 |
| 97393 | Renatus Tactical Acquisition Corp. I, Expiration Date: June 4, 2030\*<sup>,1</sup> | 198682 |
|  | **TOTAL RIGHTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $293,496) | **892268** |

---

**First Trust Merger Arbitrage Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Units |  | Value |
|  | **UNITS — 1.7%** |  |
|  | **FINANCIALS — 1.7%** |  |
| 536265 | Axiom Intelligence Acquisition Corp. 1\*<sup>,1</sup> | $5416276 |
| 175229 | Blue Acquisition Corp.\*<sup>,1</sup> | 1759299 |
| 206327 | Blue Water Acquisition Corp.\*<sup>,1</sup> | 2064302 |
| 193720 | Centurion Acquisition Corp. - Class A<sup>1,3,4</sup> | 2 |
| 242151 | Centurion Acquisition Corp. - Class B<sup>1,3,4</sup> | 2 |
| 167040 | Churchill Capital Corp.\*<sup>,1</sup> | 1720512 |
| 123490 | FIGX Capital Acquisition Corp.\*<sup>,1</sup> | 1236752 |
| 196235 | GP-Act III Acquisition Corp. - Class A\*<sup>,1,3,4</sup> | 2 |
| 245295 | GP-Act III Acquisition Corp. - Class B\*<sup>,1,3,4</sup> | 2 |
| 125106 | Oyster Enterprises II Acquisition Corp.\*<sup>,1</sup> | 1266073 |
| 412498 | Pioneer Acquisition I Corp.\*<sup>,1</sup> | 4129105 |
| 372541 | ProCap Acquisition Corp.\*<sup>,1</sup> | 3993640 |
| 208818 | Wen Acquisition Corp.\*<sup>,1</sup> | 2213471 |
| 19957 | Willow Lane Acquisition Corp.\*<sup>,1</sup> | 207553 |
| 164655 | Yorkville Acquisition Corp.\*<sup>,1</sup> | 1852369 |
|  |  | **25859360** |
|  | **TOTAL UNITS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $25,824,994) | **25859360** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  |  |
|  | **WARRANTS — 0.0%** |  |
| 1239507 | AA Mission Acquisition Corp., Expiration Date: July 31, 2030\*<sup>,1,3</sup> | 116514 |
| 101150 | Armada Acquisition Corp. II, Expiration Date: May 20, 2030\*<sup>,1</sup> | 27310 |
| 130858 | Dynamix Corp., Expiration Date: December 5, 2029\*<sup>,1</sup> | 47109 |
| 773352 | Mercer Park Opportunities Corp., Expiration Date: August 28, 2029\*<sup>,1</sup> | 3867 |
| 44700 | Republic Digital Acquisition Co., Expiration Date: March 5, 2026\*<sup>,1</sup> | 28165 |
|  | **TOTAL WARRANTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $0) | **222965** |
|  | **SHORT-TERM INVESTMENTS — 15.2%** |  |
| 171198740 | Morgan Stanley Institutional Liquidity Fund - Government Portfolio - Institutional Class, 4.14%<sup>5</sup> | 171198740 |
| Principal <br> Amount ($) |  |  |
| 53124140 | UMB Bank, Money Market Special II Deposit Investment, 4.25%<sup>5</sup> | 53124140 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $224,322,880) | **224322880** |
|  | **TOTAL INVESTMENTS — 99.9%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,434,447,622) | **1473817271** |
|  | Assets in Excess of Other Liabilities — 0.1% | 1367596 |
|  | **TOTAL NET ASSETS — 100.0%** | $**1475184867** |

---

**First Trust Merger Arbitrage Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **SECURITIES SOLD SHORT — (3.5)%** |  |
|  | **COMMON STOCKS — (3.5)%** |  |
|  | **ENERGY — (1.1)%** |  |
| (357789) | Schlumberger N.V.<sup>1</sup> | $(12093268) |
| (100328) | Viper Energy, Inc. | (3825506) |
|  |  | **(15918774)** |
|  | **FINANCIALS — (0.8)%** |  |
| (44276) | Independent Bank Corp. | (2784296) |
| (687499) | Rocket Cos., Inc. - Class A | (9748736) |
|  |  | **(12533032)** |
|  | **MATERIALS — (1.6)%** |  |
| (856501) | James Hardie Industries PLC\*<sup>,1</sup> | **(23031312)** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Proceeds $51,093,859) | **(51483118)** |
|  | **RIGHTS — (0.0)%** |  |
| (230798) | Columbus Circle Capital Corp. I, Expiration Date: June 4, 2030\*<sup>,1</sup> | **(392357)** |
|  | **TOTAL RIGHTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Proceeds $85,247) | **(392357)** |
|  | **TOTAL SECURITIES SOLD SHORT** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Proceeds $51,179,106) | $**(51875475)** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Contracts |  |  |
|  | **WRITTEN OPTIONS CONTRACTS — (0.0)%** |  |
|  | **CALL OPTIONS — (0.0)%** |  |
|  | AvidXchange Holdings, Inc. |  |
| (836) | Exercise Price: $10.00, Notional Amount: $(836000),<br> Expiration Date: August 15, 2025\* | (2090) |
|  | Dun & Bradstreet Holdings, Inc. |  |
| (84) | Exercise Price: $10.00, Notional Amount: $(84000),<br> Expiration Date: December 19, 2025\* | (210) |
|  | GMS, Inc. |  |
| (3) | Exercise Price: $105.00, Notional Amount: $(31500),<br> Expiration Date: July 18, 2025\* | (1125) |
|  | Informatica, Inc. |  |
| (2017) | Exercise Price: $25.00, Notional Amount: $(5042500),<br> Expiration Date: July 18, 2025\* | (5043) |
|  | SpartanNash Co. |  |
| (1056) | Exercise Price: $25.00, Notional Amount: $(2640000),<br> Expiration Date: July 18, 2025\* | (187440) |

---

**First Trust Merger Arbitrage Fund**

**SCHEDULE OF INVESTMENTS - Continued**

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

---

| | | |
|:---|:---|:---|
| Number<br> of Contracts |  | Value |
|  | **CALL OPTIONS (Continued)** |  |
|  | SpringWorks Therapeutics, Inc. |  |
| (9674) | Exercise Price: $50.00, Notional Amount: $(48370000),<br> Expiration Date: July 18, 2025\* | $(24185) |
|  | **TOTAL CALL OPTIONS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Proceeds $292,233) | **(220093)** |
|  | **TOTAL WRITTEN OPTIONS CONTRACTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Proceeds $292,233) | $**(220093)** |

---

PLC — Public Limited Company

<sup>\*</sup> Non-income producing security.

<sup>1</sup> Foreign security denominated in U.S. Dollars.

<sup>2</sup> All or a portion of this security is segregated as collateral for securities sold short. The market value of the securities pledged as collateral is $166,676,502, which represents 11.30% of the total net assets of the Fund.

<sup>3</sup> Affiliated company.

<sup>4</sup> The value of these securities was determined using significant unobservable inputs. These are reported as Level 3 securities in the Fair Value Hierarchy.

<sup>5</sup> The rate is the annualized seven-day yield at period end.

**First Trust Merger Arbitrage Fund**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Shares/Principal<br> Amount End<br> of Period** | **Value Beginning<br> of Period** | **Additions** | **Reductions** | **Net Realized<br> Gain (Loss)** | **Change in Unrealized<br> Appreciation<br> (Depreciation)** | **Value End of<br> Period** | **Dividend<br> Income\*** |
| **Common Stocks** |  |  |  |  |  |  |  |  |
| **Specified Purpose Acquisitions - 25.4%** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AA Mission Acquisition Corp. - Class A | 2700502 | $26722599 | $344490 | $- | $- | $1072142 | $28139231 |  |
| &nbsp;&nbsp;&nbsp;Agriculture & Natural Solutions Acquisition Corp. - Class A | 2829210 | 29282313 |  |  |  | 1414605 | 30696918 |  |
| &nbsp;&nbsp;&nbsp;AI Transportation Acquisition Corp. | 506461 | 5307711 |  |  |  | 263360 | 5571071 |  |
| &nbsp;&nbsp;&nbsp;Aimei Health Technology Co., Ltd. | 649911 | 6814317 |  |  |  | 386697 | 7201014 |  |
| &nbsp;&nbsp;&nbsp;Alchemy Investments Acquisition Corp. I - Class A<sup>(1)</sup> |  | 8518971 | 72458 | (8261134) |  | (330295) |  |  |
| &nbsp;&nbsp;&nbsp;Alphatime Acquisition Corp.<sup>(1)</sup> |  | 4483125 |  | (4382964) |  | (100161) |  |  |
| &nbsp;&nbsp;&nbsp;AlphaVest Acquisition Corp.<sup>(1)</sup> |  | 5846796 |  | (5549383) |  | (297413) |  |  |
| &nbsp;&nbsp;&nbsp;APx Acquisition Corp. I - Class A<sup>(1)</sup> |  | 6383958 |  | (5806702) |  | (577256) |  |  |
| &nbsp;&nbsp;&nbsp;Ares Acquisition Corp. II - Class A<sup>(1)</sup> | 2287555 | 44653130 | 16348042 | (61971638) | 2510917 | (1540451) |  |  |
| &nbsp;&nbsp;&nbsp;Bayview Acquisition Corp. - Class A<sup>(1)</sup> | 122924 | 3348100 |  | (3227892) |  | (120208) |  |  |
| &nbsp;&nbsp;&nbsp;Bayview Acquisition Corp.<sup>(1)</sup> |  | 2301391 | 1988633 | (4495641) | 258141 | (52524) |  |  |
| &nbsp;&nbsp;&nbsp;Black Hawk Acquisition Corp. - Class A | 611000 | 6250530 |  |  |  | 244400 | 6494930 |  |
| &nbsp;&nbsp;&nbsp;Bleichroeder Acquisition Corp. I - Class A<sup>(2)</sup> | 1945654 |  | 19473286 | (155609) | 155609 | 625320 | 20098606 |  |
| &nbsp;&nbsp;&nbsp;Bowen Acquisition Corp.<sup>(1)</sup> |  | 6276656 | 1977843 | (8182783) | 100648 | (172364) |  |  |
| &nbsp;&nbsp;&nbsp;Cantor Equity Partners, Inc.<sup>(1)</sup> |  | 6889271 |  | (10105655) | 3222894 | (6510) |  |  |
| &nbsp;&nbsp;&nbsp;Cartesian Growth Corp. II<sup>(1)</sup> |  | 21144181 |  | (19753399) |  | (1390782) |  |  |
| &nbsp;&nbsp;&nbsp;Centurion Acquisition Corp. | 2479407 | 23508885 | 1369878 |  |  | 1353363 | 26232126 |  |
| &nbsp;&nbsp;&nbsp;Charlton Aria Acquisition Corp. - Class A<sup>(2)</sup> | 716459 |  | 7118508 |  |  | 246691 | 7365199 |  |
| &nbsp;&nbsp;&nbsp;Chenghe Acquisition II Co.<sup>(1)</sup> |  | 7087467 |  | (7316119) | 241205 | (12553) |  |  |
| &nbsp;&nbsp;&nbsp;Drugs Made In America Acquisition Corp.<sup>(2)</sup> | 1929288 |  | 19340273 | (219434) | 219434 | 338465 | 19678738 |  |
| &nbsp;&nbsp;&nbsp;DT Cloud Acquisition Corp.<sup>(1)</sup> |  | 5975697 |  | (5866598) |  | (109099) |  |  |
| &nbsp;&nbsp;&nbsp;Eureka Acquisition Corp. | 415646 | 4181399 |  |  |  | 133006 | 4314405 |  |
| &nbsp;&nbsp;&nbsp;Finnovate Acquisition Corp. - Class A<sup>(1)</sup> |  | 4460374 |  | (4331885) |  | (128489) |  |  |
| &nbsp;&nbsp;&nbsp;Flag Ship Acquisition Corp. | 556295 | 5574076 |  |  |  | 283710 | 5857786 |  |
| &nbsp;&nbsp;&nbsp;Global Lights Acquisition Corp.<sup>(1)</sup> |  | 5567806 |  | (5419973) |  | (147833) |  |  |
| &nbsp;&nbsp;&nbsp;GP Act III Acquisition Corp. - Class A | 1897607 | 23655496 | 426865 | (5180563) | 189483 | 928473 | 20019754 |  |
| &nbsp;&nbsp;&nbsp;Graf Global Corp. - Class A | 1931321 | 18783199 | 560465 |  |  | 857954 | 20201618 |  |
| &nbsp;&nbsp;&nbsp;Haymaker Acquisition Corp. IV | 1939487 | 20420904 | 254467 |  |  | 852935 | 21528306 |  |
| &nbsp;&nbsp;&nbsp;HCM II Acquisition Corp.<sup>(1)</sup> | 959283 | 18689172 |  | (19987781) | 1275657 | 22952 |  |  |
| &nbsp;&nbsp;&nbsp;Horizon Space Acquisition I Corp. | 280410 | 5515619 |  | (2231394) |  | 122756 | 3406981 |  |
| &nbsp;&nbsp;&nbsp;Integrated Wellness Acquisition Corp. - Class A<sup>(1)</sup> |  | 4945716 |  | (4605934) |  | (339782) |  |  |
| &nbsp;&nbsp;&nbsp;Israel Acquisitions Corp.<sup>(1)</sup> |  | 10168799 |  | (9380757) |  | (788042) |  |  |
| &nbsp;&nbsp;&nbsp;JVSPAC Acquisition Corp. - Class A<sup>(1)</sup> |  | 5480066 |  | (5341523) |  | (138543) |  |  |
| &nbsp;&nbsp;&nbsp;Keen Vision Acquisition Corp.<sup>(1)</sup> | 91247 | 15027190 | 1013500 | (15188456) |  | (852234) |  |  |
| &nbsp;&nbsp;&nbsp;LatAmGrowth SPAC - Class A<sup>(1)</sup> |  | 4178624 |  | (3859486) |  | (319138) |  |  |
| &nbsp;&nbsp;&nbsp;Launch One Acquisition Corp. | 1866241 | 18606423 |  |  |  | 830477 | 19436900 |  |
| &nbsp;&nbsp;&nbsp;Learn CW Investment Corp.<sup>(1)</sup> |  | 5320995 |  | (5306470) |  | (14525) |  |  |
| &nbsp;&nbsp;&nbsp;Legato Merger Corp. III | 1608549 | 16399157 |  |  |  | 780146 | 17179303 |  |
| &nbsp;&nbsp;&nbsp;Lionheart Holdings - Class A | 1938207 | 18752520 | 646548 |  |  | 1029634 | 20428702 |  |
| &nbsp;&nbsp;&nbsp;Melar Acquisition Corp. I - Class A | 1275345 | 14376428 |  | (1711679) | 81509 | 644864 | 13391122 |  |
| &nbsp;&nbsp;&nbsp;Mountain & Co. I Acquisition Corp. - Class A<sup>(1)</sup> |  | 13724247 |  | (13289415) |  | (434832) |  |  |
| &nbsp;&nbsp;&nbsp;Nabors Energy Transition Corp. II - Class A | 2463270 | 27784008 |  | (1608300) | 134394 | 1032195 | 27342297 |  |
| &nbsp;&nbsp;&nbsp;Oak Woods Acquisition Corp. - Class A | 505710 | 6091169 | (447626) |  |  | 339006 | 5982549 |  |
| &nbsp;&nbsp;&nbsp;Patria Latin American Opportunity Acquisition Corp. - Class A<sup>(1)</sup> | 934747 | 10852413 |  | (9767649) |  | (1084764) |  |  |
| &nbsp;&nbsp;&nbsp;Pyrophyte Acquisition Corp. - Class A<sup>(1)</sup> | 538832 | 10977467 |  | (10528475) |  | (448992) |  |  |
| &nbsp;&nbsp;&nbsp;RF Acquisition Corp. II | 939193 | 9504633 |  |  |  | 441421 | 9946054 |  |
| &nbsp;&nbsp;&nbsp;SIM Acquisition Corp. I - Class A | 1625271 | 16236457 |  |  |  | 715120 | 16951577 |  |
| &nbsp;&nbsp;&nbsp;Spring Valley Acquisition Corp. II - Class A<sup>(1)</sup> | 343562 | 21707534 | 3851330 | (25143842) | 752113 | (1167135) |  |  |
| &nbsp;&nbsp;&nbsp;Vine Hill Capital Investment Corp.<sup>(2)</sup> | 1602338 | 9951810 | 6072985 |  |  | 655544 | 16680339 |  |
| &nbsp;&nbsp;&nbsp;Zalatoris II Acquisition Corp.<sup>(1)</sup> |  | 6720573 |  | (6420400) |  | (300173) | - |  |
|  |  |  |  |  |  |  | 374145526 |  |
| **Rights** |  |  |  |  |  |  |  |  |
| **Specified Purpose Acquisitions - 0.0%** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Flag Ship Acquisition Corp. |  | 50658 |  | (47875) | 47875 | (50658) | - |  |
|  |  |  |  |  |  |  | - |  |
| **Units** |  |  |  |  |  |  |  |  |
| **Specified Purpose Acquisitions - 0.0%** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Centurion Acquisition Corp. - Class A | 193720 | 2 |  |  |  |  | 2 |  |
| &nbsp;&nbsp;&nbsp;Centurion Acquisition Corp. - Class B | 242151 | 2 |  |  |  |  | 2 |  |
| &nbsp;&nbsp;&nbsp;GP-Act III Acquisition Corp. - Class A | 196235 | 2 |  |  |  |  | 2 |  |
| &nbsp;&nbsp;&nbsp;GP-Act III Acquisition Corp. - Class B | 245295 | 2 |  |  |  |  | 2 |  |
|  |  |  |  |  |  |  | 8 |  |
| **Warrants - 0.0%** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;AA Mission Acquisition Corp. | 1239507 | 80008 |  | (8473) | 8473 | 36506 | 116514 |  |
| &nbsp;&nbsp;&nbsp;Haymaker Acquisition Corp. IV |  | 105 |  | (104) | 104 | (105) |  |  |
| &nbsp;&nbsp;&nbsp;Nabors Energy Transition Corp. II |  | 59814 |  | (95353) | 95353 | (59814) | - |  |
|  |  |  |  |  |  |  | 116514 |  |
| **Total** | **42607840** | $**574639965** | $**80411945** | $**(294750738)** | $**9293809** | $**4667067** | $**374262048** | $**-** |

---

\* Net of foreign withholding taxes.

<sup>(1)</sup> Not an affiliate at the end of the period.

<sup>(2)</sup> Not an affiliate at the beginning of the period.

## 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:** First Trust Merger Arbitrage Fund

- **b. EDGAR series identifier (if any):** S000048195

- **c. LEI of Series:** 549300T1RVAXYLDWYR96

**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:** $1530649736.30

**Total Liabilities:** $58226492.99

**Net Assets:** $1472423243.31

**Cash Not Reported:** $50773891.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000152358 | 0.67%                | 1.04%                | 0.38%                |
| Class ID C000152359 | 0.65%                | 1.02%                | 0.46%                |
| Class ID C000248222 | 0.57%                | 0.94%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10230404.02             | $-2750.30                                  |
| Month 2  | $2060700.84              | $12447298.30                               |
| Month 3  | $5313453.25              | $-1252796.56                               |

**Designated Index Information**

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

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Blueprint Medicines Corp               | Blueprint Medicines Corp.                           | CUSIP: 09627Y109<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |    376836 | NS      | $48302838.48  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                    | CANADIAN DOLLARS  /                                 | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | CA        |    -47103 | OU      | $-34588.98    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners III Inc         | Cantor Equity Partners III, Inc. - Class A          | CUSIP: G1828A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82328 | NS      | $868560.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cayson Acquisition Corp                | Cayson Acquisition Corp.                            | CUSIP: G1993W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66728 | NS      | $688632.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Acquisition Corp II             | Armada Acquisition Corp. II - Class A               | CUSIP: G0R38G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    417062 | NS      | $4183131.86   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA ACQUISITION -CLASS A            | Armada Acquisition Corp. II                         | CUSIP: G0R38G112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    101150 | NC      | $27310.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Acquisition Corp II               | Ares Acquisition Corp. II                           | CUSIP: G33033104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2287555 | NS      | $25917998.15  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Flag Ship Acquisition Corp             | Flag Ship Acquisition Corp.                         | CUSIP: G3530C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    556295 | NS      | $5857786.35   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Acquisition Corp V            | Live Oak Acquisition Corp. V - Class A              | CUSIP: G5509P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44340 | NS      | $474438.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch One Acquisition Corp            | Launch One Acquisition Corp.                        | CUSIP: G5S86M100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1866241 | NS      | $19436900.02  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Melar Acquisition Corp I               | Melar Acquisition Corp. I - Class A                 | CUSIP: G6004G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1275345 | NS      | $13391122.50  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition V Corp          | M3-Brigade Acquisition V Corp. - Class A            | CUSIP: G63212107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1059204 | NS      | $11958413.16  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mountain Lake Acquisition Corp         | Mountain Lake Acquisition Corp. - Class A           | CUSIP: G6301B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    862098 | NS      | $8845125.48   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio             | MSILF Government Portfolio - Class Institutional    | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        | 172369694 | PA      | $172369693.79 | 11.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Energy Transition Corp          | Nabors Energy Transition Corp. II - Class A         | CUSIP: G6363K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2463270 | NS      | $27342297.00  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NewHold Investment Corp III            | NewHold Investment Corp. III - Class A              | CUSIP: G6486E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    768067 | NS      | $7811241.39   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Newbury Street II Acquisition          | Newbury Street II Acquisition Corp. - Class A       | CUSIP: G6439S109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59190 | NS      | $609065.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oak Woods Acquisition Corp             | Oak Woods Acquisition Corp. - Class A               | CUSIP: 67190B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    505710 | NS      | $5982549.30   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyster Enterprises II Acquisit         | Oyster Enterprises II Acquisition Corp.             | CUSIP: G6861F120<br>LEI: N/A                  | Long             |  | CORP              | US        |    125106 | NS      | $1266072.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Acquisition I Corp             | Pioneer Acquisition I Corp.                         | CUSIP: G7117W123<br>LEI: N/A                  | Long             |  | CORP              | US        |    412498 | NS      | $4129104.98   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ProCap Acquisition Corp                | ProCap Acquisition Corp.                            | CUSIP: G7257A113<br>LEI: N/A                  | Long             |  | CORP              | US        |    372541 | NS      | $3993639.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pyrophyte Acquisition Corp             | Pyrophyte Acquisition Corp. - Class A               | CUSIP: G7308P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    538832 | NS      | $6363605.92   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Patria Latin American Opportun         | Patria Latin American Opportunity Acquisition Corp. | CUSIP: G69454109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    934747 | NS      | $11076751.95  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Plum Acquisition Corp IV               | Plum Acquisition Corp. IV                           | CUSIP: G7134A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    558455 | NS      | $5752086.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Andretti Acquisition Corp II           | Andretti Acquisition Corp. II - Class A             | CUSIP: G26745102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1002544 | NS      | $10406406.72  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Asset Acquisition Corp            | Real Asset Acquisition Corp. - Class A              | CUSIP: G73944103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    756454 | NS      | $7685572.64   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Acquisition Corp                 | Rithm Acquisition Corp. - Class A                   | CUSIP: G75751100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1245249 | NS      | $12689087.31  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Capital Acquisition Corp         | Range Capital Acquisition Corp.                     | CUSIP: G7375C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    644211 | NS      | $6622489.08   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Digital Acquisition C         | Republic Digital Acquisition Co. - Class A          | CUSIP: G7515A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    292586 | NS      | $3007784.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC DIGITAL ACQUIS-CL A           | Republic Digital Acquisition Co.                    | CUSIP: G7515A129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     44700 | NC      | $28165.47     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Redfin Corp                            | Redfin Corp.                                        | CUSIP: 75737F108<br>LEI: 549300HXWD3JEMZU3O57 | Long             | EC               | CORP              | US        |    867717 | NS      | $9709753.23   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTESIAN GROWTH CORP II               | CARTESIAN GROWTH Corp. II                           | CUSIP: G19305112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    430937 | NS      | $5154006.52   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Acquisition Corp                 | Titan Acquisition Corp. - Class A                   | CUSIP: G8901A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    627836 | NS      | $6297195.08   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BERTO ACQUISITION CORP                 | BERTO ACQUISITION Corp.                             | CUSIP: G1051H101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    835892 | NS      | $8709994.64   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tavia Acquisition Corp                 | Tavia Acquisition Corp.                             | CUSIP: G86880104<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    431985 | NS      | $4436485.95   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Translational Development Acqu         | Translational Development Acquisition Corp.         | CUSIP: G9008W105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    558342 | NS      | $5750922.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Ventures Acquisition III         | Texas Ventures Acquisition III Corp. - Class A      | CUSIP: G8772L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1425290 | NS      | $14366923.20  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Voyager Acquisition Corp               | Voyager Acquisition Corp.                           | CUSIP: G93A7H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1405632 | NS      | $14576403.84  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vine Hill Capital Investment C         | Vine Hill Capital Investment Corp. - Class A        | CUSIP: G93Y09107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1602338 | NS      | $16680338.58  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                       | Viper Energy, Inc.                                  | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Short            | EC               | CORP              | US        |   -100328 | NS      | $-3825506.64  | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Wen Acquisition Corp                   | Wen Acquisition Corp.                               | CUSIP: G9R39C129<br>LEI: N/A                  | Long             |  | CORP              | US        |    208818 | NS      | $2213470.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Willow Lane Acquisition Corp           | Willow Lane Acquisition Corp.                       | CUSIP: G9675P128<br>LEI: 254900Z85UYRON5ZBZ90 | Long             |  | CORP              | US        |     19957 | NS      | $207552.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yorkville Acquisition Corp             | Yorkville Acquisition Corp.                         | CUSIP: G98659108<br>LEI: N/A                  | Long             |  | CORP              | US        |    164655 | NS      | $1852368.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Era Acquisition Corp I           | Fifth Era Acquisition Corp. I - Class A             | CUSIP: G3415K101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    372349 | NS      | $3779342.35   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGX Capital Acquisition Corp          | FIGX Capital Acquisition Corp.                      | CUSIP: G3473K126<br>LEI: N/A                  | Long             |  | CORP              | US        |    123490 | NS      | $1236752.35   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker Inc                        | Foot Locker, Inc.                                   | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |    292320 | NS      | $7161840.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| RF Acquisition Corp II                 | RF Acquisition Corp. II                             | CUSIP: G75389109<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    939193 | NS      | $9946053.87   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                         | Rocket Cos., Inc. - Class A                         | CUSIP: 77311W101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -687499 | NS      | $-9748735.82  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Renatus Tactical Acquisition C         | Renatus Tactical Acquisition Corp. I - Class A      | CUSIP: G7490F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    380181 | NS      | $4486135.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RENATUS TACTICAL ACQUISITI-A           | Renatus Tactical Acquisition Corp. I                | CUSIP: G7490F127<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     97393 | NC      | $198681.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Silverbox Corp IV                      | Silverbox Corp. IV - Class A                        | CUSIP: G81354105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    378680 | NS      | $4150332.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Siddhi Acquisition Corp                | Siddhi Acquisition Corp. - Class A                  | CUSIP: G8118C124<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1386914 | NS      | $14007831.40  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SIM Acquisition Corp I                 | SIM Acquisition Corp. I - Class A                   | CUSIP: G8431T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1625271 | NS      | $16951576.53  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                       | Skechers USA, Inc. - Class A                        | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |   1165768 | NS      | $73559960.80  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SLAM Corp. TENDERED SHARES   /         | SLAM Corp. TENDERED SHARES   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    760287 | NS      | $9017003.82   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                        | Schlumberger N.V.                                   | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Short            | EC               | CORP              | US        |   -357789 | NS      | $-12093268.20 | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /        | UMB MONEY MARKET II SPECIAL   /                     | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  50045350 | PA      | $50045350.41  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp             | Soulpower Acquisition Corp. - Class A               | CUSIP: G82745103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    662802 | NS      | $6654532.08   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercer Park Opportunities Corp         | Mercer Park Opportunities Corp.                     | CUSIP: G6002A196<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |    773352 | NC      | $7733.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCER PARK OPPORTUNITIES CO           | Mercer Park Opportunities Corp.                     | CUSIP: G6002A162<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |    773352 | NC      | $3866.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spark I Acquisition Corp               | Spark I Acquisition Corp.                           | CUSIP: G8316B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    786140 | NS      | $8545341.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SpartanNash Co                         | SpartanNash Co.                                     | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |    105600 | NS      | $2797344.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GigCapital7 Corp                       | GigCapital7 Corp. - Class A                         | CUSIP: G38648104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    539554 | NS      | $5584383.90   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS Inc                                | GMS, Inc.                                           | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |       330 | NS      | $35887.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GP-Act III Acquisition Corp            | GP-Act III Acquisition Corp. - Class A              | CUSIP: G4035N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1897607 | NS      | $20019753.85  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GP-ACT III ACQ CORP. CLASS A UNITS   / | GP-ACT III ACQ CORP. CLASS A UNITS   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    196235 | NS      | $1.96         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GP-ACT III ACQ Corp. CLASS B UNITS   / | GP-ACT III ACQ Corp. CLASS B UNITS   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    245295 | NS      | $2.45         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Graf Global Corp                       | Graf Global Corp. - Class A                         | CUSIP: G4036C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1931321 | NS      | $20201617.66  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Gesher Acquisition Corp II             | Gesher Acquisition Corp. II - Class A               | CUSIP: G3852D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    404792 | NS      | $4108638.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Gores Holdings X Inc                   | Gores Holdings X, Inc. - Class A                    | CUSIP: G4002F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    449824 | NS      | $4608446.88   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HCM II Acquisition Corp                | HCM II Acquisition Corp. - Class A                  | CUSIP: G43658106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    959283 | NS      | $10648041.30  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Space Acquisition I Co         | Horizon Space Acquisition I Corp.                   | CUSIP: G4619M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    280410 | NS      | $3406981.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Haymaker Acquisition Corp 4            | Haymaker Acquisition Corp. 4                        | CUSIP: G4375F108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1939487 | NS      | $21528305.70  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp                  | Independent Bank Corp.                              | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Short            | EC               | CORP              | US        |    -44276 | NS      | $-2784296.26  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Informatica Inc                        | Informatica, Inc.                                   | CUSIP: 45674M101<br>LEI: 984500E0DEFFE6DE9588 | Long             | EC               | CORP              | US        |    234399 | NS      | $5707615.65   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Inflection Point Acquisition C         | Inflection Point Acquisition Corp. III - Class A    | CUSIP: G47875102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    551171 | NS      | $5649502.75   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dune Acquisition Corp II               | Dune Acquisition Corp. II                           | CUSIP: G2867S109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    584860 | NS      | $5877843.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II              | Jackson Acquisition Co. II - Class A                | CUSIP: G4992A110<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    477663 | NS      | $4919928.90   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Jena Acquisition Corp II               | Jena Acquisition Corp. II - Class A                 | CUSIP: G5093B121<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183044 | NS      | $1881692.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC            | James Hardie Industries PLC - ADR                   | CUSIP: 47030M106<br>LEI: 635400NSGXKTVOO7JU45 | Short            |  | CORP              | IE        |   -856501 | NS      | $-23031311.89 | -1.56%            |  |  |  | No            |                  1 | On Loan: No      |
| JVSPAC TENDERED SHARES   /             | JVSPAC TENDERED SHARES   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    529987 | NS      | $5774797.11   | 0.39%             |  |  |  | No            |                  3 | On Loan: No      |
| Kellanova                              | Kellanova                                           | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |    752101 | NS      | $59814592.53  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| K&F Growth Acquisition Corp II         | K&F Growth Acquisition Corp. II - Class A           | CUSIP: G52258111<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85590 | NS      | $871306.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Keen Vision Acquisition Corp           | Keen Vision Acquisition Corp.                       | CUSIP: G52443119<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91247 | NS      | $1037478.39   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Legato Merger Corp III                 | Legato Merger Corp. III                             | CUSIP: G5451A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1608549 | NS      | $17179303.32  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AvidXchange Holdings, Inc.             | AvidXchange Holdings, Inc.                          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |      -836 | NC      | $-2090.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Informatica, Inc.                      | Informatica, Inc.                                   | CUSIP: 999999999<br>LEI: 984500E0DEFFE6DE9588 | N/A              | DE               |  | US        |     -2017 | NC      | $-5042.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GMS, Inc.                              | GMS, Inc.                                           | CUSIP: 999999999<br>LEI: 52990057RENOQO4U0D72 | N/A              | DE               |  | US        |        -3 | NC      | $-1125.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SpringWorks Therapeutics, Inc.         | SpringWorks Therapeutics, Inc.                      | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |     -9674 | NC      | $-24185.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SpartanNash Co.                        | SpartanNash Co.                                     | CUSIP: 999999999<br>LEI: 549300TV3QCCSQLF5X16 | N/A              | DE               |  | US        |     -1056 | NC      | $-187440.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings, Inc.        | Dun & Bradstreet Holdings, Inc.                     | CUSIP: 999999999<br>LEI: 254900LNALVKD1ZX7U27 | N/A              | DE               |  | US        |       -84 | NC      | $-210.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Artius II Acquisition Inc              | Artius II Acquisition, Inc. - Class A               | CUSIP: G0509J115<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    313581 | NS      | $3173439.72   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AA Mission Acquisition Corp            | AA Mission Acquisition Corp. - Class A              | CUSIP: G1000R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2700502 | NS      | $28139230.84  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AA MISSION ACQUISITION COR-A           | AA Mission Acquisition Corp.                        | CUSIP: G1000R127<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |   1239507 | NC      | $116513.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED, Inc. CONTINGENT VALUE RHT   / | ABIOMED, Inc. CONTINGENT VALUE RHT   /              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    287741 | NC      | $293495.82    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Aimei Health Technology Co Ltd         | Aimei Health Technology Co., Ltd.                   | CUSIP: G01341109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    649911 | NS      | $7201013.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PlayAGS Inc                            | PlayAGS, Inc.                                       | CUSIP: 72814N104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    550903 | NS      | $6886287.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ai Transportation Acquisition          | Ai Transportation Acquisition Corp.                 | CUSIP: G01490112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    506461 | NS      | $5571071.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Acquisition Corp             | Centurion Acquisition Corp.                         | CUSIP: G20315100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2479407 | NS      | $26232126.06  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURION CL A CL A   /                | CENTURION CL A CL A   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    193720 | NS      | $1.94         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CENTURION CL B CL B   /                | CENTURION CL B CL B   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    242151 | NS      | $2.42         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Agriculture & Natural Solution         | Agriculture & Natural Solutions Acquisition Corp.   | CUSIP: G0131Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2829209 | NS      | $30696917.65  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AvidXchange Holdings Inc               | AvidXchange Holdings, Inc.                          | CUSIP: 05368X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2927290 | NS      | $28658169.10  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition         | Axiom Intelligence Acquisition Corp. 1              | CUSIP: G0750N120<br>LEI: N/A                  | Long             |  | CORP              | GB        |    536265 | NS      | $5416276.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK Co Inc/The                        | AZEK Co., Inc.                                      | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |    829686 | NS      | $45093434.10  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Acquisition Corp                  | Blue Acquisition Corp.                              | CUSIP: G1331A124<br>LEI: N/A                  | Long             |  | CORP              | US        |    175229 | NS      | $1759299.16   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bleichroeder Acquisition Corp          | Bleichroeder Acquisition Corp. I                    | CUSIP: G1169T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1945654 | NS      | $20098605.82  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayview Acquisition Corp               | Bayview Acquisition Corp. - Class A                 | CUSIP: 07323B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122924 | NS      | $1382895.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HAWK TENDERED SHARES   /         | BLACK HAWK TENDERED SHARES   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    611000 | NS      | $6494930.00   | 0.44%             |  |  |  | No            |                  3 | On Loan: No      |
| Blue Water Acquisition Corp II         | Blue Water Acquisition Corp. III                    | CUSIP: G1368E122<br>LEI: N/A                  | Long             |  | CORP              | US        |    206327 | NS      | $2064301.64   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus Circle Capital Corp I         | Columbus Circle Capital Corp. I - Class A           | CUSIP: G2296A109<br>LEI: 5299006WPUCKP6KOIM37 | Long             | EC               | CORP              | US        |    531226 | NS      | $5641620.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBUS CIRCLE CAPITAL CO-A           | Columbus Circle Capital Corp. I                     | CUSIP: G2296A117<br>LEI: 5299006WPUCKP6KOIM37 | N/A              | DE               | CORP              | US        |    230798 | NC      | $392356.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBUS CIRCLE CAPITAL CO-A           | Columbus Circle Capital Corp. I                     | CUSIP: G2296A117<br>LEI: 5299006WPUCKP6KOIM37 | N/A              | DE               | CORP              | US        |   -230798 | NC      | $-392356.60   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Capital Corp X               | Churchill Capital Corp. X                           | CUSIP: G2130T124<br>LEI: N/A                  | Long             |  | CORP              | US        |    167040 | NS      | $1720512.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners II Inc          | Cantor Equity Partners II, Inc. - Class A           | CUSIP: G1827P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167200 | NS      | $1844216.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Harbor Acquisition Corp          | Crane Harbor Acquisition Corp. - Class A            | CUSIP: G24979109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    376352 | NS      | $3789864.64   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Charlton Aria Acquisition Corp         | Charlton Aria Acquisition Corp. - Class A           | CUSIP: G9877L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    716459 | NS      | $7365198.52   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionsGate Acquisition Corp         | ChampionsGate Acquisition Corp. - Class A           | CUSIP: G2124S108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410807 | NS      | $4099853.86   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                         | ChampionX Corp.                                     | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    486791 | NS      | $12091888.44  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal Redwood Acquisition Corp           | Cal Redwood Acquisition Corp. - Class A             | CUSIP: G17564108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    333594 | NS      | $3325932.18   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CSLM Acquisition Corp                  | CSLM Acquisition Corp.                              | CUSIP: G2365L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91441 | NS      | $1056143.55   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings                     | Lionheart Holdings - Class A                        | CUSIP: G5501C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1938207 | NS      | $20428701.78  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Asset Acquisition Corp         | Digital Asset Acquisition Corp. - Class A           | CUSIP: G2868C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    731470 | NS      | $7658490.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit         | Drugs Made In America Acquisition Corp.             | CUSIP: G2847J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1929288 | NS      | $19678737.60  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings Inc          | Dun & Bradstreet Holdings, Inc.                     | CUSIP: 26484T106<br>LEI: 254900LNALVKD1ZX7U27 | Long             | EC               | CORP              | US        |   8788558 | NS      | $79887992.22  | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Roman DBDR Acquisition Corp II         | Roman DBDR Acquisition Corp. II                     | CUSIP: G7633M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    375130 | NS      | $3867590.30   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynamix Corp                           | Dynamix Corp.                                       | CUSIP: G2949D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    654286 | NS      | $6667174.34   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNAMIX CORP                           | Dynamix Corp.                                       | CUSIP: G2949D112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    130858 | NC      | $47108.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Bancorp Inc/MA              | Enterprise Bancorp, Inc.                            | CUSIP: 293668109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73790 | NS      | $2925035.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergreen Corp                         | Evergreen Corp. - Class A                           | CUSIP: G3312W109<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    211662 | NS      | $2609792.46   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Embrace Change Acquisition Cor         | Embrace Change Acquisition Corp.                    | CUSIP: G3034H109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    180000 | NS      | $2178000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Ltd                       | Enstar Group Ltd.                                   | CUSIP: G3075P101<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EC               | CORP              | BM        |    156579 | NS      | $52666912.44  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREKA TENDERED SHARES   /             | EUREKA TENDERED SHARES   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    415646 | NS      | $4314405.48   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Sitio Royalties Corp                   | Sitio Royalties Corp. - Class A                     | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206649 | NS      | $3798208.62   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Spring Valley Acquisition Corp         | Spring Valley Acquisition Corp. II - Class A        | CUSIP: G83752108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    343562 | NS      | $4036853.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SpringWorks Therapeutics Inc           | SpringWorks Therapeutics, Inc.                      | CUSIP: 85205L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1584461 | NS      | $74453822.39  | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II             | Sizzle Acquisition Corp. II - Class A               | CUSIP: G8193F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    339375 | NS      | $3410718.75   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President