# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-25-052481
**Filing Date:** 2025-8
**Character Count:** 42021
**Document Hash:** f33b8c06b859167ad9fabceb0cd46f31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052481.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001145549-25-052481

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**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:** 251242519

**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           |

## 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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $33264475.96

**Total Liabilities:** $312741.35

**Net Assets:** $32951734.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235565 | -4.47%               | 4.05%                | 4.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-30394.22               | $-1055040.06                               |
| Month 2  | $-66326.40               | $975316.55                                 |
| Month 3  | $183342.54               | $872124.49                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Simpson Manufacturing Co Inc   | Simpson Manufacturing Co., Inc.                                      | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      1959 | NS      | $304252.29    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc   | Texas Capital Bancshares, Inc.                                       | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      5000 | NS      | $397000.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc             | UFP Industries, Inc.                                                 | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      2745 | NS      | $272743.20    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                       | UGI Corp.                                                            | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      7273 | NS      | $264882.66    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc             | UMH Properties, Inc. - REIT                                          | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             |  | CORP              | US        |      9374 | NS      | $157389.46    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc              | Upbound Group, Inc.                                                  | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     12068 | NS      | $302906.80    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries, Inc.                                             | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      1353 | NS      | $441849.21    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                       | WaFd, Inc.                                                           | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9574 | NS      | $280326.72    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc        | WESCO International, Inc.                                            | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      2110 | NS      | $390772.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp           | Wabash National Corp.                                                | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     18685 | NS      | $198621.55    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp        | Wintrust Financial Corp.                                             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      3907 | NS      | $484389.86    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc     | Xenia Hotels & Resorts, Inc. - REIT                                  | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             |  | CORP              | US        |     10157 | NS      | $127673.49    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc              | YETI Holdings, Inc.                                                  | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      8111 | NS      | $255658.72    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc        | Insight Enterprises, Inc.                                            | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      1599 | NS      | $220797.92    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc | Community Healthcare Trust, Inc. - REIT                              | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             |  | CORP              | US        |     11217 | NS      | $186538.71    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The       | Chefs' Warehouse, Inc.                                               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      6565 | NS      | $418912.65    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc     | Americold Realty Trust, Inc. - REIT                                  | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             |  | CORP              | US        |     13900 | NS      | $231157.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                    | Hawkins, Inc.                                                        | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      2611 | NS      | $371023.10    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp.                                                         | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      4580 | NS      | $258724.20    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products In | Installed Building Products, Inc.                                    | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      1304 | NS      | $235137.28    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd             | Ichor Holdings Ltd.                                                  | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | US        |     10181 | NS      | $199954.84    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                    | IDACORP, Inc.                                                        | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      3563 | NS      | $411348.35    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc               | IES Holdings, Inc.                                                   | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |      1760 | NS      | $521364.80    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc           | Johnson Outdoors, Inc. - Class A                                     | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3854 | NS      | $116660.58    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                    | Kemper Corp.                                                         | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |      5163 | NS      | $333220.02    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust        | Kite Realty Group Trust - REIT                                       | CUSIP: 49803T300<br>LEI: N/A                  | Long             |  | CORP              | US        |     14865 | NS      | $336692.25    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc            | Krystal Biotech, Inc.                                                | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |       736 | NS      | $101170.56    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp           | Quaker Chemical Corp.                                                | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      1982 | NS      | $221865.08    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp        | Lakeland Financial Corp.                                             | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4078 | NS      | $250593.10    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc          | LeMaitre Vascular, Inc.                                              | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      3556 | NS      | $295325.80    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS, Inc.                                                            | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      4041 | NS      | $401513.76    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc          | Mesa Laboratories, Inc.                                              | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      2600 | NS      | $244972.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co        | Modine Manufacturing Co.                                             | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      3351 | NS      | $330073.50    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global Inc                 | MRC Global, Inc.                                                     | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |      8199 | NS      | $112408.29    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc            | Mercury Systems, Inc.                                                | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      5607 | NS      | $301993.02    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                  | Materion Corp.                                                       | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      1705 | NS      | $135325.85    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co Inc/The           | Manitowoc Co., Inc.                                                  | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     22367 | NS      | $268851.34    | 0.82%             |  |  |  | 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        |      9163 | NS      | $344620.43    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc         | Northern Oil & Gas, Inc.                                             | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     14224 | NS      | $403250.40    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                      | Enpro, Inc.                                                          | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      1736 | NS      | $332530.80    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc      | American Assets Trust, Inc. - REIT                                   | CUSIP: 024013104<br>LEI: N/A                  | Long             |  | CORP              | US        |     12617 | NS      | $249185.75    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc       | Axcelis Technologies, Inc.                                           | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      2078 | NS      | $144815.82    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc              | Owens & Minor, Inc.                                                  | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     22212 | NS      | $202129.20    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc         | Old Second Bancorp, Inc.                                             | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     14531 | NS      | $257779.94    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                   | Oshkosh Corp.                                                        | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      3194 | NS      | $362646.76    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                       | Bank OZK                                                             | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     12582 | NS      | $592108.92    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc         | Patrick Industries, Inc.                                             | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      4466 | NS      | $412077.82    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp            | PotlatchDeltic Corp. - REIT                                          | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             |  | CORP              | US        |      9612 | NS      | $368812.44    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc       | Phillips Edison & Co., Inc. - REIT                                   | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             |  | CORP              | US        |      6888 | NS      | $241286.64    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA  | Preferred Bank/Los Angeles CA                                        | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      4993 | NS      | $432119.19    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                    | Polaris, Inc.                                                        | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      5954 | NS      | $242030.10    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos              | Piper Sandler Cos.                                                   | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      1073 | NS      | $298229.62    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                    | Plexus Corp.                                                         | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      1952 | NS      | $264125.12    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners In | Pinnacle Financial Partners, Inc.                                    | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      4637 | NS      | $511971.17    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp         | Progress Software Corp.                                              | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |      5061 | NS      | $323094.24    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc               | QCR Holdings, Inc.                                                   | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |      4694 | NS      | $318722.60    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                  | REV Group, Inc.                                                      | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |      2139 | NS      | $101795.01    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc       | Gibraltar Industries, Inc.                                           | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6297 | NS      | $371523.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp           | Range Resources Corp.                                                | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     10094 | NS      | $410522.98    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp          | Stifel Financial Corp.                                               | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      1821 | NS      | $188983.38    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc  | Selective Insurance Group, Inc.                                      | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      3918 | NS      | $339494.70    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc           | Simulations Plus, Inc.                                               | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8820 | NS      | $153909.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                   | SM Energy Co.                                                        | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |      9674 | NS      | $239044.54    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp                | 1st Source Corp.                                                     | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7998 | NS      | $496435.86    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                | SouthState Corp.                                                     | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      3464 | NS      | $318791.92    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc       | Corcept Therapeutics, Inc.                                           | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |      3331 | NS      | $244495.40    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc   | Catalyst Pharmaceuticals, Inc.                                       | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     18931 | NS      | $410802.70    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc             | Calavo Growers, Inc.                                                 | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3492 | NS      | $92852.28     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                       | Dana, Inc.                                                           | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     18989 | NS      | $325661.35    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp               | HF Sinclair Corp.                                                    | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      8386 | NS      | $344496.88    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                     | Diodes, Inc.                                                         | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      4366 | NS      | $230917.74    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services  | Enterprise Financial Services Corp.                                  | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |      5480 | NS      | $301948.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc       | EastGroup Properties, Inc. - REIT                                    | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             |  | CORP              | US        |      1203 | NS      | $201045.36    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp        | Enerpac Tool Group Corp.                                             | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |      7225 | NS      | $293046.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr | Essential Properties Realty Trust, Inc. - REIT                       | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             |  | CORP              | US        |      5068 | NS      | $161719.88    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Bancshares Inc          | Equity Bancshares, Inc. - Class A                                    | CUSIP: 29460X109<br>LEI: 549300BPQ2EJNU4WF694 | Long             | EC               | CORP              | US        |      6119 | NS      | $249655.20    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc            | Eagle Materials, Inc.                                                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      1442 | NS      | $291442.62    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square | Goldman Sachs Financial Square Government Fund - Class Institutional | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    964216 | PA      | $964215.99    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust  | First Industrial Realty Trust, Inc. - REIT                           | CUSIP: 32054K103<br>LEI: N/A                  | Long             |  | CORP              | US        |      3223 | NS      | $155122.99    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp              | Five Star Bancorp                                                    | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |      8597 | NS      | $245358.38    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                   | H.B. Fuller Co.                                                      | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |      5461 | NS      | $328479.15    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp         | Acushnet Holdings Corp.                                              | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |      5116 | NS      | $372547.12    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc       | Green Brick Partners, Inc.                                           | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |      6208 | NS      | $390359.04    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC      | Gates Industrial Corp. PLC                                           | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |     19892 | NS      | $458112.76    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc      | Halozyme Therapeutics, Inc.                                          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      6642 | NS      | $345516.84    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd   | Hamilton Insurance Group Ltd. - Class B                              | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |      6354 | NS      | $137373.48    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR         | Home BancShares, Inc.                                                | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14445 | NS      | $411104.70    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp         | Heritage Commerce Corp.                                              | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     25120 | NS      | $249441.60    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc             | ADMA Biologics, Inc.                                                 | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12251 | NS      | $223090.71    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp            | Addus HomeCare Corp.                                                 | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      2233 | NS      | $257219.27    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc     | Atlas Energy Solutions, Inc.                                         | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24977 | NS      | $333942.49    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp               | AdaptHealth Corp.                                                    | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23379 | NS      | $220463.97    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie | Applied Industrial Technologies, Inc.                                | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      1141 | NS      | $265225.45    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE Inc                     | ALLETE, Inc.                                                         | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |      1976 | NS      | $126602.32    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                | Alamo Group, Inc.                                                    | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      2646 | NS      | $577833.48    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc        | ANI Pharmaceuticals, Inc.                                            | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      4633 | NS      | $302303.25    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc       | Aris Water Solutions, Inc. - Class A                                 | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19823 | NS      | $468813.95    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc           | Astec Industries, Inc.                                               | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |      6873 | NS      | $286535.37    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                    | Avista Corp.                                                         | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |      7662 | NS      | $290772.90    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co       | American States Water Co.                                            | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      4029 | NS      | $308863.14    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc             | Axos Financial, Inc.                                                 | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      3735 | NS      | $284009.40    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                     | Acuity, Inc.                                                         | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       915 | NS      | $272981.10    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                        | AZZ, Inc.                                                            | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      5683 | NS      | $536929.84    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc         | Banc of California, Inc.                                             | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     24377 | NS      | $342496.85    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                     | Belden, Inc.                                                         | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      3251 | NS      | $376465.80    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                 | BankUnited, Inc.                                                     | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |      6451 | NS      | $229591.09    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc            | BellRing Brands, Inc.                                                | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      3009 | NS      | $174311.37    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc               | Coeur Mining, Inc.                                                   | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     11318 | NS      | $100277.48    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties        | COPT Defense Properties - REIT                                       | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             |  | CORP              | US        |      6606 | NS      | $182193.48    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc             | Origin Bancorp, Inc.                                                 | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     12140 | NS      | $433883.60    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International Inc   | Oil States International, Inc.                                       | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |     38270 | NS      | $205127.20    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-10

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President