# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-23-021695
**Filing Date:** 2023-3
**Character Count:** 13549
**Document Hash:** d9907bc31ad92e2f4a82e8dfeecd4e10
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-021695.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001145549-23-021695

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230731

**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:** 23788783

**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

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

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000236514 | AXS 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:** AXS 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:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $7403823.29

**Net Assets:** $7403823.29

**Cash Not Reported:** $469692.68

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.720000000000 | **1-Year:** 19.320000000000 | **5-Year:** 1647.390000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 72.400000000000 | **1-Year:** 1931.950000000000 | **5-Year:** 164738.930000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236514 | 1.07%                | 0.86%                | 1.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $47816.00                                  |
| Month 2  | $0.00                    | $30333.43                                  |
| Month 3  | $475.25                  | $43498.63                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ammc Clo 18 Ltd/Corp                                          | AMMC 2016-18A AR   | CUSIP: 001746AN6<br>LEI: 549300F8C2GVHBFFH173 | Long             | ABS-CBDO         | CORP              | KY        |    248783 | PA      | $245196.37    | 3.31%             | 2031-05-27      | Floating      | 4.11%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit Clo 2017-2                                | BCC 2018-1A A1     | CUSIP: 05683LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $247513.50    | 3.34%             | 2031-04-23      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Barings Clo Limited                                           | BABSN 2015-2A AR   | CUSIP: 06759FAB2<br>LEI: 549300LYPY4755WERL49 | Long             | ABS-CBDO         | CORP              | KY        |    291452 | PA      | $286428.35    | 3.87%             | 2030-10-21      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Battalion Clo xx Ltd/Battalion Clo xx Llc                     | BATLN 2021-20A A   | CUSIP: 07134UAA5<br>LEI: 549300CDYR56PY734566 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244562.50    | 3.30%             | 2034-07-17      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding 2014-IV-R LTD / LLC                              | CIFC 2014-4RA A1AR | CUSIP: 12552FAQ6<br>LEI: 5493006JGTCIL6LCS728 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246527.83    | 3.33%             | 2035-01-17      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding VII CLO, Ltd                                    | CEDF 2018-7A A1    | CUSIP: 15032FAA4<br>LEI: 549300G87EGFMLOYN341 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $372683.06    | 5.03%             | 2031-01-21      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Burnham Park Clo Llc                                          | BURNH 2016-1A AR   | CUSIP: 12232KAQ3<br>LEI: 549300BOEG5O4MSO7220 | Long             | ABS-CBDO         | CORP              | US        |    295235 | PA      | $293301.85    | 3.96%             | 2029-10-22      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| YORK CLO-4 LTD                                                | GNRT 4A A1R        | CUSIP: 986252AQ7<br>LEI: 549300HNXZUJB12SQJ60 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $371896.16    | 5.02%             | 2032-04-20      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| LCM XX Limited Partnership / LCM XX LLC                       | LCM 20A AR         | CUSIP: 50188WAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     86695 | PA      | $85984.19     | 1.16%             | 2027-10-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO XXII LTD/LLC                                     | SYMP 2020-22A A1A  | CUSIP: 87167GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $371859.04    | 5.02%             | 2033-04-18      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Lcm XIX Limited Partnership/LLC                               | LCM 19A AR         | CUSIP: 50188QAJ0<br>LEI: 5493003LYT7GC7SDWZ12 | Long             | ABS-CBDO         | CORP              | KY        |     34476 | PA      | $34449.91     | 0.47%             | 2027-07-15      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Atrium Xii Llc 2015-12R                                       | ATRM 12A AR        | CUSIP: 04965CAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    147332 | PA      | $145851.18    | 1.97%             | 2027-04-22      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO XI, Limited                                          | AMMC 2012-11A A1R2 | CUSIP: 00176AAX3<br>LEI: 5493004OOK6VXHQ8DQ60 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $345972.03    | 4.67%             | 2031-04-30      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Recette Clo Ltd                                               | RCTTE 2015-1A ARR  | CUSIP: 75620TAW8<br>LEI: 549300392I5L5XOJ0016 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245352.50    | 3.31%             | 2034-04-20      | Floating      | 5.32%                 | 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      | $296310.21    | 4.00%             | 2034-07-20      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                              | SHACK 2013-4RA A1A | CUSIP: 81882HAA3<br>LEI: 5493000LHXWSIZGUY418 | Long             | ABS-CBDO         | CORP              | CN        |    350000 | PA      | $343613.80    | 4.64%             | 2031-04-14      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| THOMPSON PARK CLO LTD                                         | TPRK 2021-1A A1    | CUSIP: 884887AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244725.08    | 3.31%             | 2034-04-17      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Ticp Clo Ix Ltd / Ticp Clo Ix Llc                             | TICP 2017-9A A     | CUSIP: 87249AAA3<br>LEI: 549300T5OQR4UD880D68 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248847.85    | 3.36%             | 2031-01-21      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2018-3 Ltd/ Voya CLO 2018-3 LLC                      | VOYA 2018-3A A1A   | CUSIP: 92917KAA2<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $372456.11    | 5.03%             | 2031-10-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING LTD                                              | CIFC 2021-4A A     | CUSIP: 12547DAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    290000 | PA      | $287434.95    | 3.88%             | 2033-07-15      | Floating      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Aimco Clo Series 2017-A                                       | AIMCO 2017-AA AR   | CUSIP: 00900CAL8<br>LEI: 549300MMTPNJGGRMPB33 | Long             | ABS-CBDO         | CORP              | US        |    350000 | PA      | $342515.46    | 4.63%             | 2034-04-20      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| LCM XVIII Limited Partnership / LCM XVIII LLC                 | LCM 18A A1R        | CUSIP: 50188GAT0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $371213.89    | 5.01%             | 2031-07-21      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| ELMWOOD CLO IV LTD                                            | ELMW4 2020-1A A    | CUSIP: 29002GAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248654.13    | 3.36%             | 2033-04-15      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XII Ltd./LLC                                        | MAGNE 2015-12A ARR | CUSIP: 55953HAS2<br>LEI: 549300Z6VW568TT64K70 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $372401.29    | 5.03%             | 2031-10-15      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square CLO 2014-1                                      | PLMRS 2014-1A A1R2 | CUSIP: 69688XAS0<br>LEI: 549300UP5H2PFBIITY41 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248857.35    | 3.36%             | 2031-01-17      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-14

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

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

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

**Title:** President