0001145549-24-028819.txt : 20240523 0001145549-24-028819.hdr.sgml : 20240523 20240523123403 ACCESSION NUMBER: 0001145549-24-028819 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240523 DATE AS OF CHANGE: 20240523 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Investment Managers Series Trust II CENTRAL INDEX KEY: 0001587982 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22894 FILM NUMBER: 24976612 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 0001587982 S000077057 AXS Real Estate Income ETF C000237197 AXS Real Estate Income ETF RINC NPORT-P 1 primary_doc.xml NPORT-P false 0001587982 XXXXXXXX S000077057 C000237197 INVESTMENT MANAGERS SERIES TRUST II 811-22894 0001587982 549300SU7ER9OFETRU41 235 WEST GALENA STREET MILWAUKEE 532123948 4142992000 AXS Real Estate Income ETF S000077057 984500REBA7CE12EF155 2024-12-31 2024-03-31 N 52408834.030000000000 464749.040000000000 51944084.990000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 359298.190000000000 N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP 00123Q104 236582.0000 NS USD 2342161.80 4.5090057905 Long EC CORP US N 1 N N N ANNALY CAPITAL MANAGEMENT IN 2DTL0G3FPRYUT58TI025 ANNALY CAPITAL MANAGEMENT IN 035710839 115676.0000 NS USD 2277660.44 4.3848311900 Long EC CORP US N 1 N N N APOLLO COMMERCIAL REAL ESTAT 549300E0AN7M2AQHSY29 APOLLO COMMERCIAL REAL ESTAT 03762U105 190558.0000 NS USD 2122816.12 4.0867331101 Long EC CORP US N 1 N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 ARBOR REALTY TRUST INC 038923108 149866.0000 NS USD 1985724.50 3.8228115875 Long EC CORP US N 1 N N N ARES COMMERCIAL REAL ESTATE 549300ZNO5IWXS443S81 ARES COMMERCIAL REAL ESTATE 04013V108 215740.0000 NS USD 1607263.00 3.0942175617 Long EC CORP US N 1 N N N ARMOUR RESIDENTIAL REIT INC 549300K0WA0EJUX74V72 ARMOUR RESIDENTIAL REIT INC 042315705 121732.0000 NS USD 2406641.64 4.6331389618 Long EC CORP US N 1 N N N BLACKSTONE MORTGAGE TRU-CL A 549300OLDJ20R2Y2UW20 BLACKSTONE MORTGAGE TRU-CL A 09257W100 102812.0000 NS USD 2046986.92 3.9407507523 Long EC CORP US N 1 N N N BRIGHTSPIRE CAPITAL INC 549300BOIFLLMVU37752 BRIGHTSPIRE CAPITAL INC 10949T109 310235.0000 NS USD 2137519.15 4.1150386043 Long EC CORP US N 1 N N N CHIMERA INVESTMENT CORP 2JBBQFJOL123LOUBE657 CHIMERA INVESTMENT CORP 16934Q208 464101.0000 NS USD 2139505.61 4.1188628319 Long EC CORP US N 1 N N N CLAROS MORTGAGE TRUST INC 549300Z9LU2CZ3K30C16 CLAROS MORTGAGE TRUST INC 18270D106 162567.0000 NS USD 1586653.92 3.0545420529 Long EC CORP US N 1 N N N DYNEX CAPITAL INC 5CIJ4S9HAEBWILA19B65 DYNEX CAPITAL INC 26817Q886 182985.0000 NS USD 2278163.25 4.3857991732 Long EC CORP US N 1 N N N ELLINGTON FINANCIAL INC 60GS1D1R1YY5G1W7IT74 ELLINGTON FINANCIAL INC 28852N109 179559.0000 NS USD 2120591.79 4.0824509478 Long EC CORP US N 1 N N N FRANKLIN BSP REALTY TRUST IN 549300LH3QNZK9Y1KC93 FRANKLIN BSP REALTY TRUST IN 35243J101 163143.0000 NS USD 2179590.48 4.1960320996 Long EC CORP US N 1 N N N KKR REAL ESTATE FIN TR REIT 549300K23AYZDZ2REL62 KKR REAL ESTATE FIN TR REIT 48251K100 170894.0000 NS USD 1719193.64 3.3097004988 Long EC CORP US N 1 N N N LADDER CAPITAL CORP-REIT 549300Q6LLV2QCV67C06 LADDER CAPITAL CORP-REIT 505743104 200868.0000 NS USD 2235660.84 4.3039757856 Long EC CORP US N 1 N N N MFA FINANCIAL INC YW72IMH2RRC8Z1TGLG58 MFA FINANCIAL INC 55272X607 199995.0000 NS USD 2281942.95 4.3930756513 Long EC CORP US N 1 N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP 64828T201 211771.0000 NS USD 2363364.36 4.5498238355 Long EC CORP US N 1 N N N NEW YORK MORTGAGE TRUST INC 549300JFGR0M7ULHWG48 NEW YORK MORTGAGE TRUST INC 649604840 265660.0000 NS USD 1912752.00 3.6823287971 Long EC CORP US N 1 N N N PENNYMAC MORTGAGE INVESTMENT 549300BSSOQO1ZWDUJ97 PENNYMAC MORTGAGE INVESTMENT 70931T103 151544.0000 NS USD 2224665.92 4.2828089482 Long EC CORP US N 1 N N N READY CAPITAL CORP 549300MYWGZUG7ZUYO87 READY CAPITAL CORP 75574U101 214134.0000 NS USD 1955043.42 3.7637459980 Long EC CORP US N 1 N N N REDWOOD TRUST INC DRBV4N1ERQLEMIF11G78 REDWOOD TRUST INC 758075402 305298.0000 NS USD 1944748.26 3.7439263015 Long EC CORP US N 1 N N N STARWOOD PROPERTY TRUST INC BUGSFQZERKRBFWIG5267 STARWOOD PROPERTY TRUST INC 85571B105 105983.0000 NS USD 2154634.39 4.1479879575 Long EC CORP US N 1 N N N TPG RE FINANCE TRUST INC N/A TPG RE FINANCE TRUST INC 87266M107 364232.0000 NS USD 2811871.04 5.4132651303 Long EC CORP US N 1 N N N TWO HARBORS INVESTMENT CORP 549300ZUIBT6KH4HU823 TWO HARBORS INVESTMENT CORP 90187B804 163143.0000 NS USD 2160013.32 4.1583431885 Long EC CORP US N 1 N N N VOYAGER AVIATION UNITS N/A VOYAGER AVIATION UNITS 000000000 24481.4800 NS USD .24 0.0000004620 Long EC CORP US N 3 N N N VOYAGER AVIATION EQUITY N/A VOYAGER AVIATION EQUITY 000000000 4080.2470 NS USD .04 0.0000000770 Long EC CORP US N 3 N N N ANA INTL/ANA HOLD 10% 08/15/26 549300BUAG9YASF5Q703 ANA INTL/ANA HOLD 10% 08/15/26 03254TAC7 924.0000 PA USD .00 0.0000000000 Long DBT CORP US Y 2 2026-08-15 Fixed 10.000000000000 N N N N N N ESCROW SANCHEZ 7.25% 07/15/23 549300SB0HTIM17TVR61 ESCROW SANCHEZ 7.25% 07/15/23 799ESCAK4 1902000.0000 PA USD 9510.00 0.0183081481 Long DBT CORP US Y 3 2049-12-31 Fixed 7.250000000000 N N N N N N 2024-04-11 INVESTMENT MANAGERS SERIES TRUST II /s/ Terrance P. Gallagher Terrance P. Gallagher President XXXX NPORT-EX 2 axsrealestatesoi33124.htm PART F ATTACHMENT
AXS Real Estate Income ETF
SCHEDULE OF INVESTMENTS
As of March 31, 2024 (Unaudited)
Number
of Shares 		  Value
  COMMON STOCKS — 98.3%  
  DIVERSIFIED FINANCIAL SERVICES — 0.0%  
4,080 Voyager Aviation Holdings LLC*,1 $—
  REITS — 98.3%  
217,346 AGNC Investment Corp. 2,151,725
107,111 Annaly Capital Management, Inc. 2,109,016
204,326 Apollo Commercial Real Estate Finance, Inc. 2,276,192
177,967 Arbor Realty Trust, Inc. 2,358,063
299,499 Ares Commercial Real Estate Corp. 2,231,268
111,639 ARMOUR Residential REIT, Inc. 2,207,103
112,515 Blackstone Mortgage Trust, Inc. - Class A 2,240,174
334,735 BrightSpire Capital, Inc. 2,306,324
472,062 Chimera Investment Corp. 2,176,206
232,028 Claros Mortgage Trust, Inc. 2,264,593
167,189 Dynex Capital, Inc. 2,081,503
183,510 Ellington Financial, Inc. 2,167,253
174,287 Franklin BSP Realty Trust, Inc. 2,328,474
227,847 KKR Real Estate Finance Trust, Inc. 2,292,141
208,825 Ladder Capital Corp. 2,324,222
184,811 MFA Financial, Inc. 2,108,694
291,412 New York Mortgage Trust, Inc. 2,098,166
147,666 PennyMac Mortgage Investment Trust 2,167,737
254,608 Ready Capital Corp. 2,324,571
351,857 Redwood Trust, Inc. 2,241,329
191,952 Rithm Capital Corp. 2,142,184
112,515 Starwood Property Trust, Inc. 2,287,430
164,551 Two Harbors Investment Corp. 2,178,655
    51,063,023
  TOTAL COMMON STOCKS  
  (Cost $55,474,628) 51,063,023
    
Principal
Amount 		   
  CORPORATE BONDS — 0.0%  
  MISCELLANEOUS MANUFACTURING — 0.0%  
$924 Anagram International, Inc. / Anagram Holdings LLC
10.000%, 8/15/2026 		—
  OIL & GAS — 0.0%  
1,902,000 Mesquite Energy, Inc.
7.250%, 7/15/20231,2,3,4 		9,510
  TOTAL CORPORATE BONDS  
  (Cost $1,888,790) 9,510
    
AXS Real Estate Income ETF
SCHEDULE OF INVESTMENTS - Continued
As of March 31, 2024 (Unaudited)
Number
of Shares 		  Value
  UNITS — 0.0%  
  DIVERSIFIED FINANCIAL SERVICES — 0.0%  
24,482 Voyager Aviation Holdings LLC*,1 $—
  TOTAL UNITS  
  (Cost $612,025) —
  TOTAL INVESTMENTS — 98.3%  
  (Cost $57,975,443) 51,072,533
  Other Assets in Excess of Liabilities — 1.7% 874,301
  TOTAL NET ASSETS — 100.0% $51,946,834
    
LLC – Limited Liability Company
REIT – Real Estate Investment Trusts
    
*Non-income producing security.
1Level 3 securities fair valued under procedures established by the Board of Trustees, represents 0.02% of Total Net Assets.  The total value of these securities is $9,510.
2Callable.
3Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $9,510, which represents 0.02% of total net assets of the Fund.
4Security is in default.