# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-26-022253
**Filing Date:** 2026-1
**Character Count:** 17640
**Document Hash:** ef498b85bfa2664a6b8101d516b999af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-022253.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001193125-26-022253

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20251130

**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:** 26559729

**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

### ACR Opportunity Fund (Series ID: S000047911)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000150491 | Class I Shares | ACROX           |

## 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:** ACR Opportunity Fund

- **b. EDGAR series identifier (if any):** S000047911

- **c. LEI of Series:** 549300DHQY7HQ5NBGY23

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**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:** $103950645.27

**Total Liabilities:** $197381.16

**Net Assets:** $103753264.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000150491 | 0.43%                | -0.27%               | 1.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $124.89                  | $385237.83                                 |
| Month 2  | $-2241765.21             | $1965266.38                                |
| Month 3  | $-355466.88              | $1960338.93                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EPI PREF HOLDINGS SERIES B   / | EPI PREF HOLDINGS SERIES B   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3201 | NS      | $288120.60    | 0.28%             |  |  |  | No            |                  3 | On Loan: No      |
| Eurofins Scientific SE         | Eurofins Scientific S.E.             | CUSIP: L31839134<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |     20000 | NS      | $1362285.91   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| FedEx Corp                     | FedEx Corp.                          | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     11500 | NS      | $3170320.00   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Point Holdings LLC        | Five Point Holdings LLC - Class A    | CUSIP: 33833Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133898 | NS      | $830167.60    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd | Fairfax Financial Holdings Ltd.      | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1800 | NS      | $3095892.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /         | GREAT BRITAIN POUND  /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |      3630 | OU      | $4804.77      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GBP SPOT FORWARD CONTRACT   /  | GBP SPOT FORWARD CONTRACT   /        | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        |     -3630 | OU      | $-4804.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Co              | General Motors Co.                   | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     77800 | NS      | $5719856.00   | 5.51%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                        | IAC, Inc.                            | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |    115000 | NS      | $4033050.00   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB IB MONEY MARKET II   /     | UMB IB MONEY MARKET II   /           | CUSIP: SF8888627<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   6181182 | PA      | $6181182.09   | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ISS A/S                        | ISS A/S                              | CUSIP: K5591Y107<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |    153000 | NS      | $5058444.39   | 4.88%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Sports Fashion PLC          | JD Sports Fashion PLC                | CUSIP: G5144Y120<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |   1100000 | NS      | $1126499.01   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kennedy-Wilson Holdings Inc    | Kennedy-Wilson Holdings, Inc.        | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    100000 | NS      | $973000.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd             | Liberty Global Ltd. - Class A        | CUSIP: G61188101<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | GB        |    284500 | NS      | $3246145.00   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp.                         | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      6500 | NS      | $803335.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd      | Liberty Latin America Ltd. - Class C | CUSIP: G9001E128<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | US        |     17839 | NS      | $156091.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc        | Magna International, Inc.            | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     58500 | NS      | $2857140.00   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Opmobility                     | Opmobility                           | CUSIP: F73325106<br>LEI: 9695001VLC2KYXX0DW73 | Long             | EC               | CORP              | FR        |    184000 | NS      | $3138483.17   | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Premium Brands Holdings Corp   | Premium Brands Holdings Corp.        | CUSIP: 74061A108<br>LEI: 529900F5EXPGUY8WV366 | Long             | EC               | CORP              | CA        |     42000 | NS      | $2985230.77   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corp of Canada           | Power Corp. of Canada                | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     70000 | NS      | $3563864.04   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-3 Month Treasury Bon | iShares 0-3 Month Treasury Bond ETF  | CUSIP: 46436E718<br>LEI: 549300L2T50TTT4U6186 | Long             |  | RF                | US        |     49500 | NS      | $4983165.00   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp Inc  | Southern Missouri Bancorp, Inc.      | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $1125800.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo SA                      | Sodexo S.A.                          | CUSIP: F84941123<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     28000 | NS      | $1480949.18   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Thor Industries Inc            | Thor Industries, Inc.                | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     10000 | NS      | $1056200.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC - ADR ADR         | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             |  | CORP              | GB        |    430000 | NS      | $5362100.00   | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistry Group PLC               | Vistry Group PLC                     | CUSIP: G9424B107<br>LEI: 2138001KOWN7CG9SLK53 | Long             | EC               | CORP              | GB        |    260000 | NS      | $2293988.09   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Naked Wines PLC                | Naked Wines PLC                      | CUSIP: G6361W102<br>LEI: 213800IYPFIRRQQE9R62 | Long             | EC               | CORP              | GB        |    152136 | NS      | $147403.77    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Winpak Ltd                     | Winpak Ltd.                          | CUSIP: 97535P104<br>LEI: 549300FWDGJBHZHH8U59 | Long             | EC               | CORP              | CA        |     55000 | NS      | $1734812.16   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Budweiser Brewing Co APAC Ltd  | Budweiser Brewing Co. APAC Ltd.      | CUSIP: G1674K101<br>LEI: 549300YF1MR4GTF18132 | Long             | EC               | CORP              | HK        |   2200000 | NS      | $2270388.02   | 2.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill          | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $980979.00    | 0.95%             | 2026-06-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill          | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2994462.00   | 2.89%             | 2025-12-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill          | CUSIP: 912797RH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2987964.00   | 2.88%             | 2026-01-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note          | CUSIP: 91282CBT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2970327.00   | 2.86%             | 2026-03-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note          | CUSIP: 91282CHB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1998610.00   | 1.93%             | 2026-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Ashtead Group PLC              | Ashtead Group PLC                    | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     29400 | NS      | $1880518.17   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc          | Arrow Electronics, Inc.              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     13000 | NS      | $1404130.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Azelis Group NV                | Azelis Group N.V.                    | CUSIP: B0R5SJ106<br>LEI: 699400M9RRMTV264FM70 | Long             | EC               | CORP              | BE        |    200000 | NS      | $2153191.00   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC - ADR ADR               | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             |  | CORP              | GB        |    250000 | NS      | $5697500.00   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup, Inc.                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     40000 | NS      | $4144000.00   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp.                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $1209040.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PLC                        | DCC PLC                              | CUSIP: G2689P101<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |     36000 | NS      | $2381970.62   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Dell Technologies Inc          | Dell Technologies, Inc. - Class C    | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     20000 | NS      | $2667000.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp.                 | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     20000 | NS      | $2189800.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocell PLC                   | Eurocell PLC                         | CUSIP: G3143F101<br>LEI: 213800RH62IQ7S9OFQ55 | Long             | EC               | CORP              | GB        |   1300000 | NS      | $2116479.15   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-04

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

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

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

**Title:** President