# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001398344-23-001912
**Filing Date:** 2023-2
**Character Count:** 2789
**Document Hash:** d129b60ac3a6ff5b816ee2e2df7bcfaf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-001912.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001398344-23-001912

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-191476
- **FILM NUMBER:** 23581038

**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 Brendan Wood TopGun Index ETF (Series ID: S000077761)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000238290 | AXS Brendan Wood TopGun Index ETF | TGN             |

**AXS Brendan Wood TopGun Index ETF**

(Ticker Symbol: TGN)

*A series of Investment Managers Series Trust II (the "Trust")*

**Supplement dated February 2, 2023 to the**

**Summary Prospectus dated October 10, 2022, as amended October 27, 2022, as supplemented.**

*Effective immediately, the first sentence of the second paragraph under the "Principal Investment Strategies" section on page 2 of the Summary Prospectus is deleted and replaced with the sentence below to clarify that the Brendan Wood TopGun Index universe may include Canadian listed securities.*

Construction of the Index begins with the identification of approximately 1,400 companies composing the Brendan Wood "Shareholder Conviction Universe", which are generally stocks of liquid large and mid-capitalization companies (with market capitalizations of $2 billion or greater) that trade on a national exchange in the United States and/or Canada, including American Depositary Receipts ("ADRs").

*In addition, the discussion below is added to the "Principal Risks" section beginning on page 3 of the Summary Prospectus.*

**Risks Related to Investing in Canada.** The Canadian economy is reliant on the sale of natural resources and commodities, which can pose risks such as the fluctuation of prices and the variability of demand for exportation of such products. Changes in spending on Canadian products by other countries or changes in the other countries' economies may cause a significant impact on the Canadian economy. In particular, the Canadian economy is heavily dependent on relationships with certain key trading partners, including the United States and China.

***Please file this Supplement with your records****.*