# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-25-052025
**Filing Date:** 2025-8
**Character Count:** 12746
**Document Hash:** f490be7756e0494e802040e75c39f462
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052025.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001145549-25-052025

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**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:** 251236929

**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 Real Estate Income ETF (Series ID: S000077057)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000237197 | AXS Real Estate Income ETF | RINC            |

## 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 Real Estate Income ETF

- **b. EDGAR series identifier (if any):** S000077057

- **c. LEI of Series:** 984500REBA7CE12EF155

**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:** $34242399.21

**Total Liabilities:** $11330.10

**Net Assets:** $34231069.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237197 | -6.78%               | -1.22%               | 4.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-267056.55              | $-2523589.03                               |
| Month 2  | $-75421.54               | $-433085.99                                |
| Month 3  | $-53289.26               | $858199.74                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Invesco Mortgage Capital Inc.               | Invesco Mortgage Capital Inc. COM                       | CUSIP: 46131B704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133580 | NS      | $1047267.20   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust Inc.          | KKR Real Estate Finance Trust Inc. COM USD0.01          | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    149002 | NS      | $1306747.54   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corporation                  | Ladder Capital Corporation COM USD0.001 CL A            | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    146309 | NS      | $1572821.75   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial Inc.                          | MFA Financial Inc. COM                                  | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |    142453 | NS      | $1347605.38   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                         | Rithm Capital Corp. COM NPV                             | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    132183 | NS      | $1492346.07   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mortgage Trust Inc                 | New York Mortgage Trust Inc COM                         | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |    229181 | NS      | $1535512.70   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Orchid Island Capital Inc.                  | Orchid Island Capital Inc. COM NEW                      | CUSIP: 68571X301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142193 | NS      | $996772.93    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust          | PennyMac Mortgage Investment Trust COM USD0.01          | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     79350 | NS      | $1020441.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp.                         | Ready Capital Corp. COM USD0.0001                       | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |    340021 | NS      | $1485891.77   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                           | Redwood Trust Inc COM STK USD0.01                       | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    252173 | NS      | $1490342.43   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.               | Starwood Property Trust, Inc. COM USD0.01               | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     85176 | NS      | $1709482.32   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE Finance Trust Inc.                   | TPG RE Finance Trust Inc. COM USD0.001                  | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    199778 | NS      | $1542286.16   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp.                | Two Harbors Investment Corp. COM                        | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |     85068 | NS      | $916182.36    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesquite Energy Inc.                        | Mesquite Energy Inc. 7.25% SNR SEC PERP NTS USD (144A)  | CUSIP: 799ESCAK4<br>LEI: 549300SB0HTIM17TVR61 | Long             | DBT              | CORP              | US        |   1902000 | PA      | $0.00         | 0.00%             | 2500-12-31      | Fixed         | 7.25%                 | Yes           |                  3 | On Loan: No      |
| Agnc Investment Corp                        | Agnc Investment Corp COM USD0.01                        | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    115383 | NS      | $1060369.77   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management, Inc.             | Annaly Capital Management, Inc. COM NEW                 | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     54088 | NS      | $1017936.16   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc. | Apollo Commercial Real Estate Finance, Inc. COM USD0.01 | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    172425 | NS      | $1669074.00   | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                    | Arbor Realty Trust, Inc. COM USD0.01                    | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |    139011 | NS      | $1487417.70   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT, Inc.               | ARMOUR Residential REIT, Inc. COM SHS                   | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     63044 | NS      | $1059769.64   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust, Inc              | Blackstone Mortgage Trust, Inc COM USD0.01 CLS'A'       | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |     82450 | NS      | $1587162.50   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital Inc                     | BrightSpire Capital Inc COM CL A                        | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |    292115 | NS      | $1475180.75   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corporation              | Chimera Investment Corporation COM SHS                  | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |    115525 | NS      | $1602331.75   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Claros Mortgage Trust Inc                   | Claros Mortgage Trust Inc COMMON STOCK                  | CUSIP: 18270D106<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | EC               | CORP              | US        |    416693 | NS      | $1187575.05   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital Inc                           | Dynex Capital Inc COM USD0.01(POST REV SPLT)            | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |     84392 | NS      | $1031270.24   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc                     | Ellington Financial Inc COM NPV                         | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |    116214 | NS      | $1509619.86   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Bsp Realty Trust Inc               | Franklin Bsp Realty Trust Inc COMMON STOCK              | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |    129879 | NS      | $1388406.51   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-08

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

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President