# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-23-002657
**Filing Date:** 2023-1
**Character Count:** 15254
**Document Hash:** 3772f2a9b2614cf6005163e411841c52
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002657.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001145549-23-002657

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust II
- **CENTRAL INDEX KEY:** 0001587982
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22894
- **FILM NUMBER:** 23551082

**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 Multi-Strategy Quality Return (MQR) Fund (Series ID: S000047911)

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

## 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 Multi-Strategy Quality Return (MQR) Fund

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

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

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $45412767.03

**Total Liabilities:** $509883.15

**Net Assets:** $44902883.88

**Cash Not Reported:** $554028.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000150491 | -13.31%              | 9.96%                | 7.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1699776.95             | $-4168980.90                               |
| Month 2  | $-12910.74               | $3675995.45                                |
| Month 3  | $-279645.80              | $3398575.13                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Haier Smart Home Co Ltd        | Haier Smart Home Co., Ltd. - Class D | CUSIP: Y298BN118<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |    211000 | NS      | $234822.58    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV             | AerCap Holdings N.V.                 | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |     18000 | NS      | $1105200.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC              | Ashtead Group PLC                    | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     21000 | NS      | $1281734.00   | 2.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC - ADR ADR               | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             |  | CORP              | GB        |    196000 | NS      | $1558200.00   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd            | Burford Capital Ltd.                 | CUSIP: G17977110<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | US        |    100753 | NS      | $917997.41    | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                  | Citigroup, Inc.                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     26980 | NS      | $1306101.80   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp.                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10609 | NS      | $1944735.79   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PLC                        | DCC PLC                              | CUSIP: G2689P101<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |     17500 | NS      | $931920.88    | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Dell Technologies Inc          | Dell Technologies, Inc. - Class C    | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     20000 | NS      | $895800.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocell PLC                   | Eurocell PLC                         | CUSIP: G3143F101<br>LEI: 213800RH62IQ7S9OFQ55 | Long             | EC               | CORP              | GB        |    510000 | NS      | $937387.01    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EPI PREF HOLDINGS SERIES B   / | EPI PREF HOLDINGS SERIES B   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3073 | NS      | $958905.07    | 2.14%             |  |  |  | No            |                  3 | On Loan: No      |
| ELK SERIES A PREFERRED   /     | ELK SERIES A PREFERRED   /           | CUSIP: 28736Z914<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3357 | NS      | $68279.99     | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| FedEx Corp                     | FedEx Corp.                          | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     10000 | NS      | $1822200.00   | 4.06%             |  |  |  | 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        |    127733 | NS      | $275903.28    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd | Fairfax Financial Holdings Ltd.      | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      5200 | NS      | $2980398.20   | 6.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /         | GREAT BRITAIN POUND  /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |     17850 | OU      | $21513.75     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GBP SPOT FORWARD CONTRACT   /  | GBP SPOT FORWARD CONTRACT   /        | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | GB        |    -17850 | OU      | $-21513.80    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co.                   | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     42000 | NS      | $1703520.00   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Greencore Group PLC            | Greencore Group PLC                  | CUSIP: G40866124<br>LEI: 635400GGBEWULJXM5868 | Long             | EC               | CORP              | IE        |    300000 | NS      | $232855.25    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Corp/The         | Howard Hughes Corp.                  | CUSIP: 44267D107<br>LEI: 549300BVHY25JZC1KI49 | Long             | EC               | CORP              | US        |      7000 | NS      | $521780.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ISS A/S                        | ISS A/S                              | CUSIP: K5591Y107<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |     70000 | NS      | $1529011.08   | 3.41%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 2000 ETF       | iShares Russell 2000 ETF             | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Short            |  | RF                | US        |     -2500 | NS      | $-468425.00   | -1.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc  | Jefferies Financial Group, Inc.      | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     71000 | NS      | $2697290.00   | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global PLC             | Liberty Global PLC                   | CUSIP: G5480U120<br>LEI: 549300BSGXG3QLIQYT84 | Long             | EC               | CORP              | GB        |     75000 | NS      | $1551000.00   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp.                         | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     34100 | NS      | $2476001.00   | 5.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd      | Liberty Latin America Ltd. - Class C | CUSIP: G9001E128<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | US        |     61000 | NS      | $475190.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc         | Lumen Technologies, Inc.             | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    112000 | NS      | $612640.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc        | Magna International, Inc.            | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     19500 | NS      | $1201005.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   / | UMB MONEY MARKET FIDUCIARY   /       | CUSIP: SF8888528<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   3865586 | PA      | $3865586.50   | 8.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Nerdy Inc                      | Nerdy, Inc.                          | CUSIP: 64081V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    157000 | NS      | $331270.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Plastic Omnium SA          | Cie Plastic Omnium S.A.              | CUSIP: F73325106<br>LEI: 9695001VLC2KYXX0DW73 | Long             | EC               | CORP              | FR        |    149000 | NS      | $2333036.11   | 5.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Corp of Canada           | Power Corp. of Canada                | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     40000 | NS      | $1006244.42   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Protector Forsikring ASA       | Protector Forsikring A.S.A.          | CUSIP: R7049B138<br>LEI: 5967007LIEEXZXAIO813 | Long             | EC               | CORP              | NO        |    112500 | NS      | $1379989.64   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Resolute Forest Products Inc   | Resolute Forest Products, Inc.       | CUSIP: 76117W109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     48000 | NS      | $1012800.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sulzer AG                      | Sulzer A.G.                          | CUSIP: H83580284<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |     30000 | NS      | $2316895.28   | 5.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC - ADR ADR         | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             |  | CORP              | GB        |    130000 | NS      | $1459900.00   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistry Group PLC               | Vistry Group PLC                     | CUSIP: G9424B107<br>LEI: 2138001KOWN7CG9SLK53 | Long             | EC               | CORP              | GB        |    108729 | NS      | $811175.74    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-21

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

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

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

**Title:** President