# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-25-289691
**Filing Date:** 2025-11
**Character Count:** 19016
**Document Hash:** 6742d19bb4abe78656e0b1e677453b21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-289691.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001193125-25-289691

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**PERIOD START**: 20260331

**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:** 251502877

**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

### Alternative Access First Priority CLO Bond ETF (Series ID: S000076539)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000236514 | Alternative Access First Priority CLO Bond ETF | AAA             |

## 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:** Alternative Access First Priority CLO Bond ETF

- **b. EDGAR series identifier (if any):** S000076539

- **c. LEI of Series:** 549300XYPG9O6BOFZM56

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $42575821.69

**Total Liabilities:** $156586.26

**Net Assets:** $42419235.43

**Cash Not Reported:** $3855094.11

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 16.590442319399 | **1-Year:** 822.164249313879 | **5-Year:** 8248.519532205975 | **10-Year:** 1366.398997420424 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 279.544297468096 | **10-Year:** 10.296181277832 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236514 | 0.40%                | 0.48%                | 0.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-6525.82                                  |
| Month 2  | $8080.93                 | $10345.89                                  |
| Month 3  | $-3087.89                | $-6276.64                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ROCKT 2024-1A A1 V/R 04/20/37                                            | ROCKT 2024-1A A1 V/R 04/20/37 | CUSIP: 77342BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003941.00   | 2.37%             | 2030-12-04      | Floating      | 6.94%                 | Yes           |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                         | SHACK 2013-4RA A1A            | CUSIP: 81882HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | CN        |     64462 | PA      | $64541.01     | 0.15%             | 2026-01-09      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Silver Point CLO 7 Ltd.                                                  | SPCLO 2024-7A A1              | CUSIP: 82808UAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505846.40   | 3.55%             | 2031-08-31      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo Xxiii Ltd / Llc                                          | SNDPT 2019-2A AR              | CUSIP: 83614BAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002000.00   | 2.36%             | 2028-02-28      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO XXX LTD                                                     | TRNTS 2024-30A A1             | CUSIP: 89643DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505092.50   | 3.55%             | 2031-06-08      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Vibrant Clo XI Ltd.                                                      | VIBR 2019-11A A1R1            | CUSIP: 92558NAJ1<br>LEI: 5493008IYL3HLPE46G85 | Long             | ABS-CBDO         | CORP              | KY        |    143601 | PA      | $143847.17    | 0.34%             | 2026-04-18      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2021-2 Ltd.                                                     | VOYA 2021-2A A1R              | CUSIP: 92919AAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002605.00   | 4.72%             | 2031-12-04      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| VENTURE 46 CLO LIMITED                                                   | VENTR 2022-46A A1R            | CUSIP: 92326CBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1004585.70   | 2.37%             | 2031-06-05      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2022-3 Ltd / LLC                                                | VOYA 2022-3A A1R              | CUSIP: 92891LAH5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $751614.60    | 1.77%             | 2030-06-05      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| WISE CLO LTD 2023-2                                                      | WYZE 2023-2A A                | CUSIP: 97719TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501396.40    | 1.18%             | 2030-08-31      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XXXIV Ltd.                                                     | MAGNE 2023-34A A1R            | CUSIP: 55952MAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001048.60   | 4.72%             | 2029-12-04      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| MARBLE POINT CLO XXIII LTD                                               | MP23 2021-4A A1               | CUSIP: 56607TAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001917.00   | 2.36%             | 2028-09-06      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Mp Clo Viii Ltd 2015                                                     | MP8 2015-2A ARR               | CUSIP: 62481WAL1<br>LEI: 549300D60LKSR31DKI65 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751739.03    | 1.77%             | 2027-12-12      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| NEUBERGER BERMAN LN 39 2020 LT                                           | NEUB 2020-39A A1R             | CUSIP: 64134GAL3<br>LEI: 549300VZYYV7KE4XNU69 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004600.00   | 2.37%             | 2030-12-04      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 47 Ltd / Llc                                 | OCT47 2020-1A A1R2            | CUSIP: 67576XAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003703.00   | 2.37%             | 2031-09-07      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 29 Ltd. / Octagon Investment Partners 29 LLC | OCT29 2016-1A A1R2            | CUSIP: 67591JAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005043.60   | 2.37%             | 2031-03-03      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Recette Clo Ltd                                                          | RCTTE 2015-1A ARR             | CUSIP: 75620TAW8<br>LEI: 549300392I5L5XOJ0016 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1252187.50   | 2.95%             | 2027-12-04      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower Clo 2021-1 Ltd / Rockford Tower Clo 2021-1 Llc            | ROCKT 2021-1A A1              | CUSIP: 77341KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300600.00    | 0.71%             | 2028-03-04      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| AGL CORE CLO                                                             | AGL 2020-4A AR2               | CUSIP: 001199AQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003900.00   | 2.37%             | 2031-06-05      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO 31 LTD                                                          | AMMC 2025-31A A1              | CUSIP: 03166GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007306.00   | 4.73%             | 2031-10-06      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BATTALION CLO X LTD                                                      | BATLN 2016-10A A1R2           | CUSIP: 07132JBC7<br>LEI: 549300RRK5G3IT4Y7N27 | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $876503.08    | 2.07%             | 2027-09-09      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain Clo XXXII Ltd.                                              | BLUEM 2019-24A AR             | CUSIP: 09609NAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    470000 | PA      | $470760.41    | 1.11%             | 2027-12-04      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| BlueMountain Clo 2014-4 Limited                                          | BLUEM 2019-25A A1RR           | CUSIP: 09627FBA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1404781.14   | 3.31%             | 2031-08-31      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Cbam 2017-2. Ltd.                                                        | CBAM 2017-2A AR               | CUSIP: 12481KAS7<br>LEI: 254900JYLIAZT0YFW632 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250591.28    | 0.59%             | 2028-03-01      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING LTD 2019                                                    | CIFC 2019-6A A1R              | CUSIP: 12555XAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005278.70   | 2.37%             | 2031-03-01      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| WELLFLEET CLO LTD 2024-1                                                 | WELF 2024-1A A1               | CUSIP: 94951AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004500.10   | 2.37%             | 2031-03-03      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| CARVAL CLO VIII-C LTD                                                    | CARVL 2022-2A A1R             | CUSIP: 14686NAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1004304.00   | 2.37%             | 2031-06-05      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| LCM 40 LTD                                                               | LCM 40A A1R                   | CUSIP: 50190KAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1506013.20   | 3.55%             | 2031-08-31      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Milford Park CLO Ltd / Milford Part CLO LLC                              | MLFPK 2022-1A AR              | CUSIP: 59966PAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000570.70   | 2.36%             | 2031-09-05      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| CARVAL CLO XI-C LTD /LLC                                                 | CARVL 2024-3A A1              | CUSIP: 14688RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003989.10   | 2.37%             | 2031-06-05      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding VIII CLO, Ltd                                              | CEDF 2017-8A ARR              | CUSIP: 15032EAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002654.80   | 4.72%             | 2031-09-02      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding IX CLO                                                     | CEDF 2018-9A AR               | CUSIP: 15033EAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003566.90   | 2.37%             | 2031-03-05      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL XXVI LTD                                             | FCBSL 2024-4A A               | CUSIP: 34966VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2010785.60   | 4.74%             | 2031-08-31      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Generate Clo 9 Ltd/Generate Clo 9 Llc                                    | GNRT 9A AR                    | CUSIP: 37147LAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003433.70   | 2.37%             | 2031-09-05      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| HARVEST US CLO LTD 2024-2                                                | HARUS 2024-2A A1              | CUSIP: 41756YAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004066.40   | 2.37%             | 2031-05-31      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| LCM XVIII LLC                                                            | LCM 18A A1R                   | CUSIP: 50188GAT0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      4915 | PA      | $4917.62      | 0.01%             | 2025-10-05      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| LCM 32 Ltd.                                                              | LCM 32A A1                    | CUSIP: 50204AAA4<br>LEI: 549300PWEMQKJMMXR454 | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $901581.39    | 2.13%             | 2028-03-01      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-13

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President