# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-26-232443
**Filing Date:** 2026-5
**Character Count:** 59688
**Document Hash:** 7bf4e8f238fc28681f008522e5fba1ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-232443.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0001193125-26-232443

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**PERIOD START**: 20261231

**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:** 261003483

**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

### KENNEDY CAPITAL SMALL CAP VALUE FUND (Series ID: S000076118)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000235565 | Institutional Class Shares | KVALX           |

## Nport-Ex

#### Kennedy Capital Small Cap Value Fund

#### SCHEDULE OF INVESTMENTS

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS — 99.0%** |  |
|  | **CONSUMER DISCRETIONARY — 10.0%** |  |
| 5098 | Abercrombie & Fitch Co. - Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$465804 |
| 9796 | Acushnet Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915730 |
| 937 | Cavco Industries, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453780 |
| 26434 | Dana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;889504 |
| 9836 | Green Brick Partners, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633930 |
| 2087 | Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553368 |
| 11068 | Kontoor Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777970 |
| 8627 | Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958201 |
| 9280 | Polaris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505760 |
| 23107 | Upbound Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417081 |
| 15499 | YETI Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567109 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7138237** |
|  | **CONSUMER STAPLES — 0.5%** |  |
| 5920 | Chefs' Warehouse, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**351944** |
|  | **ENERGY — 7.6%** |  |
| 39604 | Atlas Energy Solutions, Inc. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519605 |
| 2391 | Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339952 |
| 19027 | HF Sinclair Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1187095 |
| 39613 | Northern Oil & Gas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1157888 |
| 14069 | Oil States International, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163763 |
| 22138 | Range Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000195 |
| 33734 | SM Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1051826 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5420324** |
|  | **FINANCIALS — 24.9%** |  |
| 15261 | 1st Source Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1056214 |
| 16696 | Atlantic Union Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596715 |
| 6266 | Axos Financial, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533174 |
| 24194 | Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110263 |
| 12352 | BankUnited, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557816 |
| 20229 | ConnectOne Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541530 |
| 10492 | Enterprise Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567722 |
| 15007 | Equity Bancshares, Inc. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666461 |
| 14445 | Five Star Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544865 |
| 12165 | Hamilton Insurance Group, Ltd. - Class B<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362882 |
| 48095 | Heritage Commerce Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600226 |
| 30738 | Home BancShares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827774 |
| 6657 | Jackson Financial, Inc. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703778 |
| 7625 | Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437523 |
| 8615 | Metropolitan Bank Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717543 |
| 27796 | National Bank Holdings Corp. - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1088491 |
| 32927 | Old Second Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663808 |
| 23243 | Origin Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963655 |

---

------

#### Kennedy Capital Small Cap Value Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **FINANCIALS (Continued)** |  |
| 8220 | Piper Sandler Cos. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$629241 |
| 10621 | Preferred Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963219 |
| 11192 | QCR Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956356 |
| 8614 | Selective Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649410 |
| 9573 | Texas Capital Bancshares, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;908286 |
| 7481 | Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039410 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17686362** |
|  | **HEALTH CARE — 10.7%** |  |
| 67491 | AdaptHealth Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803143 |
| 6317 | Addus HomeCare Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591587 |
| 18580 | ADMA Biologics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167406 |
| 9970 | Agios Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337285 |
| 9874 | ANI Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759311 |
| 42700 | Catalyst Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1057252 |
| 14712 | Corcept Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593041 |
| 14031 | Halozyme Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906824 |
| 4048 | ICU Medical, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522799 |
| 6808 | LeMaitre Vascular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743229 |
| 5592 | LivaNova PLC\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355427 |
| 6925 | Mesa Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612308 |
| 15791 | Simulations Plus, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186650 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7636262** |
|  | **INDUSTRIALS — 21.2%** |  |
| 1279 | Acuity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358401 |
| 5919 | Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976457 |
| 2185 | Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579724 |
| 16185 | Astec Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871400 |
| 5284 | Astronics Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352601 |
| 10960 | AZZ, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1371425 |
| 30229 | DNOW, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360027 |
| 5411 | EnerSys | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939999 |
| 3318 | Enpro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831657 |
| 31134 | Gates Industrial Corp. PLC\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703940 |
| 12058 | Gibraltar Industries, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480753 |
| 5761 | Gorman-Rupp Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357931 |
| 11028 | Helios Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713622 |
| 3841 | ICF International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250779 |
| 1589 | IES Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757111 |
| 38785 | Manitowoc Co., Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451845 |
| 10736 | Mercury Systems, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782762 |
| 1756 | Modine Manufacturing Co.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380543 |
| 3876 | Oshkosh Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570586 |
| 25174 | RXO, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368044 |

---

------

#### Kennedy Capital Small Cap Value Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **INDUSTRIALS (Continued)** |  |
| 3752 | Simpson Manufacturing Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$643918 |
| 5658 | Terex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334388 |
| 5256 | UFP Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484183 |
| 2863 | Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1143969 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15066065** |
|  | **INFORMATION TECHNOLOGY — 6.5%** |  |
| 14811 | Allegro MicroSystems, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466991 |
| 6531 | Axcelis Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607905 |
| 6224 | Belden, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714702 |
| 8330 | Diodes, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568606 |
| 23608 | Ichor Holdings, Ltd.\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1100369 |
| 3738 | Plexus Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757094 |
| 14817 | Progress Software Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380056 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4595723** |
|  | **MATERIALS — 5.0%** |  |
| 2762 | Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523261 |
| 14400 | H.B. Fuller Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888192 |
| 4017 | Hawkins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617011 |
| 16262 | Hecla Mining Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302961 |
| 3263 | Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471993 |
| 5813 | Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722149 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3525567** |
|  | **REAL ESTATE — 8.4%** |  |
| 33116 | Americold Realty Trust - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379509 |
| 28674 | Community Healthcare Trust, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455630 |
| 12647 | COPT Defense Properties - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386998 |
| 30681 | Cousins Properties, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692470 |
| 46656 | Cushman & Wakefield PLC - REIT\*<sup>,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572003 |
| 13899 | Essential Properties Realty Trust, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421974 |
| 14854 | First Industrial Realty Trust, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859304 |
| 28461 | Kite Realty Group Trust - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698717 |
| 9237 | Lineage, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302604 |
| 16735 | Phillips Edison & Co., Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626224 |
| 15095 | Rayonier, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311259 |
| 17948 | UMH Properties, Inc. - REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258990 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5965682** |
|  | **UTILITIES — 4.2%** |  |
| 9038 | American States Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683454 |
| 14670 | Avista Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588854 |
| 6788 | IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970480 |

---

------

#### Kennedy Capital Small Cap Value Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of March 31, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **UTILITIES (Continued)** |  |
| 20618 | UGI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$750907 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2993695** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost $64,514,350) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**70379861** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1018175 | UMB Money Market Special, 2.71%<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1018175 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost $1,018,175) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1018175** |
|  | **TOTAL INVESTMENTS — 100.4%** |  |
|  | (Cost $65,532,525) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**71398036** |
|  | Liabilities in Excess of Other Assets — (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(306139) |
|  | **NET ASSETS — 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$71091897** |

---

PLC – Public Limited Company <br> REIT – Real Estate Investment Trusts

\* Non-income producing security. <br> <sup>1</sup> Foreign security denominated in U.S. Dollars. <br> <sup>2</sup> The rate is the annualized seven-day yield at period end.

## 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:** Kennedy Capital Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000076118

- **c. LEI of Series:** 549300ZGCFKGI0M06414

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $71537698.87

**Total Liabilities:** $445858.10

**Net Assets:** $71091840.77

**Cash Not Reported:** $30495.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235565 | 8.17%                | 3.26%                | -4.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $416520.41               | $5068740.15                                |
| Month 2  | $771644.20               | $1513799.66                                |
| Month 3  | $121554.17               | $-3792189.35                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avista Corp                     | Avista Corp.                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     14670 | NS      | $588853.80    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co        | American States Water Co.                      | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      9038 | NS      | $683453.56    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc              | Axos Financial, Inc.                           | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      6266 | NS      | $533173.94    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                      | Acuity, Inc.                                   | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1279 | NS      | $358401.38    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc          | ConnectOne Bancorp, Inc.                       | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     20229 | NS      | $541530.33    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc        | Green Brick Partners, Inc.                     | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |      9836 | NS      | $633930.20    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The              | Gorman-Rupp Co.                                | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |      5761 | NS      | $357930.93    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd    | Hamilton Insurance Group Ltd. - Class B        | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |     12165 | NS      | $362881.95    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                 | Hecla Mining Co.                               | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     16262 | NS      | $302961.06    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC       | Gates Industrial Corp. PLC                     | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |     31134 | NS      | $703939.74    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc       | Halozyme Therapeutics, Inc.                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     14031 | NS      | $906823.53    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc         | Helios Technologies, Inc.                      | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     11028 | NS      | $713621.88    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR          | Home BancShares, Inc.                          | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30738 | NS      | $827774.34    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA   | Preferred Bank/Los Angeles CA                  | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     10621 | NS      | $963218.49    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                     | Polaris, Inc.                                  | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      9280 | NS      | $505760.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp          | Heritage Commerce Corp.                        | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     48095 | NS      | $600225.60    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                     | Hawkins, Inc.                                  | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      4017 | NS      | $617011.20    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products In  | Installed Building Products, Inc.              | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      2087 | NS      | $553368.05    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc           | ICF International, Inc.                        | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      3841 | NS      | $250778.89    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd              | Ichor Holdings Ltd.                            | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | US        |     23608 | NS      | $1100368.88   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   / | UMB MONEY MARKET II SPECIAL   /                | CUSIP: SF8888651<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    989115 | PA      | $989115.02    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                 | ICU Medical, Inc.                              | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      4048 | NS      | $522799.20    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                     | IDACORP, Inc.                                  | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      6788 | NS      | $970480.36    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                | IES Holdings, Inc.                             | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |      1589 | NS      | $757110.83    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc           | Jackson Financial, Inc. - Class A              | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      6657 | NS      | $703778.04    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust         | Kite Realty Group Trust - REIT                 | CUSIP: 49803T300<br>LEI: N/A                  | Long             |  | CORP              | US        |     28461 | NS      | $698717.55    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc              | Kontoor Brands, Inc.                           | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     11068 | NS      | $777969.72    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp            | Quaker Chemical Corp.                          | CUSIP: 747316107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5813 | NS      | $722148.99    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                     | Lineage, Inc. - REIT                           | CUSIP: 53566V106<br>LEI: N/A                  | Long             |  | CORP              | US        |      9237 | NS      | $302604.12    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                    | LivaNova PLC                                   | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |      5592 | NS      | $355427.52    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp         | Lakeland Financial Corp.                       | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7625 | NS      | $437522.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc           | LeMaitre Vascular, Inc.                        | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      6808 | NS      | $743229.36    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp  | Metropolitan Bank Holding Corp.                | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8615 | NS      | $717543.35    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc           | Mesa Laboratories, Inc.                        | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      6925 | NS      | $612308.50    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp          | Progress Software Corp.                        | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     14817 | NS      | $380056.05    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc                | QCR Holdings, Inc.                             | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     11192 | NS      | $956356.40    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc        | Gibraltar Industries, Inc.                     | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12058 | NS      | $480752.46    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp            | Range Resources Corp.                          | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     22138 | NS      | $1000194.84   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                         | RXO, Inc.                                      | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     25174 | NS      | $368043.88    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                    | Rayonier, Inc. - REIT                          | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             |  | CORP              | US        |     15095 | NS      | $311258.90    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc   | Selective Insurance Group, Inc.                | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      8614 | NS      | $649409.46    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos               | Piper Sandler Cos.                             | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      8220 | NS      | $629241.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                     | Plexus Corp.                                   | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      3738 | NS      | $757094.52    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc            | Simulations Plus, Inc.                         | CUSIP: 829214105<br>LEI: 529900KYRDJAQ8TJCG93 | Long             | EC               | CORP              | US        |     15791 | NS      | $186649.62    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                    | SM Energy Co.                                  | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     33734 | NS      | $1051826.12   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp                 | 1st Source Corp.                               | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15261 | NS      | $1056213.81   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc    | Simpson Manufacturing Co., Inc.                | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      3752 | NS      | $643918.24    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc      | Americold Realty Trust, Inc. - REIT            | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             |  | CORP              | US        |     33116 | NS      | $379509.36    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc    | Texas Capital Bancshares, Inc.                 | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      9573 | NS      | $908286.24    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                      | Terex Corp.                                    | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      5658 | NS      | $334387.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc        | Corcept Therapeutics, Inc.                     | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     14712 | NS      | $593040.72    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc    | Catalyst Pharmaceuticals, Inc.                 | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     42700 | NS      | $1057252.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc          | Cousins Properties, Inc. - REIT                | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             |  | CORP              | US        |     30681 | NS      | $692470.17    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc            | Cavco Industries, Inc.                         | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       937 | NS      | $453779.73    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc              | UFP Industries, Inc.                           | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      5256 | NS      | $484182.72    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                        | UGI Corp.                                      | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     20618 | NS      | $750907.56    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc              | UMH Properties, Inc. - REIT                    | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             |  | CORP              | US        |     17948 | NS      | $258989.64    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc               | Upbound Group, Inc.                            | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     23107 | NS      | $417081.35    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc          | Valmont Industries, Inc.                       | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      2863 | NS      | $1143968.91   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp         | Wintrust Financial Corp.                       | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      7481 | NS      | $1039410.14   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc               | YETI Holdings, Inc.                            | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     15499 | NS      | $567108.41    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield Ltd         | Cushman & Wakefield Ltd.                       | CUSIP: G2717C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46656 | NS      | $572002.56    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                        | Dana, Inc.                                     | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     26434 | NS      | $889504.10    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                | HF Sinclair Corp.                              | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     19027 | NS      | $1187094.53   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                      | Diodes, Inc.                                   | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      8330 | NS      | $568605.80    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                        | DNOW, Inc.                                     | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     30229 | NS      | $360027.39    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services   | Enterprise Financial Services Corp.            | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     10492 | NS      | $567722.12    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                         | EnerSys                                        | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      5411 | NS      | $939998.92    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr  | Essential Properties Realty Trust, Inc. - REIT | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             |  | CORP              | US        |     13899 | NS      | $421973.64    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Bancshares Inc           | Equity Bancshares, Inc. - Class A              | CUSIP: 29460X109<br>LEI: 549300BPQ2EJNU4WF694 | Long             | EC               | CORP              | US        |     15007 | NS      | $666460.87    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc             | Eagle Materials, Inc.                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      2762 | NS      | $523260.90    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust   | First Industrial Realty Trust, Inc. - REIT     | CUSIP: 32054K103<br>LEI: N/A                  | Long             |  | CORP              | US        |     14854 | NS      | $859303.90    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp               | Five Star Bancorp                              | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     14445 | NS      | $544865.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                    | H.B. Fuller Co.                                | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     14400 | NS      | $888192.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp          | Acushnet Holdings Corp.                        | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |      9796 | NS      | $915730.08    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co         | Modine Manufacturing Co.                       | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      1756 | NS      | $380542.76    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc             | Mercury Systems, Inc.                          | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     10736 | NS      | $782761.76    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                   | Materion Corp.                                 | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      3263 | NS      | $471992.95    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co Inc/The            | Manitowoc Co., Inc.                            | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     38785 | NS      | $451845.25    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp     | National Bank Holdings Corp. - Class A         | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27796 | NS      | $1088491.36   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc          | Northern Oil & Gas, Inc.                       | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     39613 | NS      | $1157887.99   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                       | Enpro, Inc.                                    | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      3318 | NS      | $831656.70    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc              | Origin Bancorp, Inc.                           | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     23243 | NS      | $963654.78    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International Inc    | Oil States International, Inc.                 | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |     14069 | NS      | $163763.16    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc          | Old Second Bancorp, Inc.                       | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     32927 | NS      | $663808.32    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                    | Oshkosh Corp.                                  | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      3876 | NS      | $570585.96    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                        | Bank OZK                                       | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     24194 | NS      | $1110262.66   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc          | Patrick Industries, Inc.                       | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      8627 | NS      | $958200.89    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc        | Phillips Edison & Co., Inc. - REIT             | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             |  | CORP              | US        |     16735 | NS      | $626223.70    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                         | AZZ, Inc.                                      | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     10960 | NS      | $1371424.80   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                      | Belden, Inc.                                   | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      6224 | NS      | $714701.92    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                  | BankUnited, Inc.                               | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     12352 | NS      | $557816.32    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties         | COPT Defense Properties - REIT                 | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             |  | CORP              | US        |     12647 | NS      | $386998.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc  | Community Healthcare Trust, Inc. - REIT        | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             |  | CORP              | US        |     28674 | NS      | $455629.86    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The        | Chefs' Warehouse, Inc.                         | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      5920 | NS      | $351944.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp               | Chord Energy Corp.                             | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      2391 | NS      | $339952.38    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc        | Axcelis Technologies, Inc.                     | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      6531 | NS      | $607905.48    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc              | ADMA Biologics, Inc.                           | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18580 | NS      | $167405.80    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp             | Addus HomeCare Corp.                           | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      6317 | NS      | $591587.05    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc      | Atlas Energy Solutions, Inc.                   | CUSIP: 642045108<br>LEI: 254900IYAISQ4C8AVO27 | Long             | EC               | CORP              | US        |     39604 | NS      | $519604.48    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc       | Agios Pharmaceuticals, Inc.                    | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |      9970 | NS      | $337285.10    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                | AdaptHealth Corp.                              | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67491 | NS      | $803142.90    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie  | Applied Industrial Technologies, Inc.          | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      2185 | NS      | $579724.20    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                 | Alamo Group, Inc.                              | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      5919 | NS      | $976457.43    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc        | Allegro MicroSystems, Inc.                     | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14811 | NS      | $466990.83    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co          | Abercrombie & Fitch Co. - Class A              | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      5098 | NS      | $465804.26    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc         | ANI Pharmaceuticals, Inc.                      | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      9874 | NS      | $759310.60    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc            | Astec Industries, Inc.                         | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     16185 | NS      | $871400.40    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                  | Astronics Corp.                                | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |      5284 | NS      | $352601.32    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp  | Atlantic Union Bankshares Corp.                | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16696 | NS      | $596715.04    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-09

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President