Investment Managers Series Trust II – Tradr 2X Long AXTI Daily ETF is a U.S.-domiciled, non-diversified exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of the common stock of AXT, Inc. (Nasdaq: AXTI). Operating under the Tradr ETFs brand and managed by AXS Investments LLC, the fund provides leveraged long exposure to AXT through financial instruments, principally derivatives such as total-return swaps and options, and ordinarily maintains at least 80% exposure to instruments providing two-times daily leveraged exposure to AXTI. The fund is designed as a short-term tactical trading vehicle for sophisticated investors and professional traders seeking to express a high-conviction view on AXT without directly using margin or options. Its principal offering is a single-stock 2X daily leveraged ETF strategy; shares trade on Cboe BZX under the ticker AXTX and are bought and sold in the secondary market at market prices rather than redeemed individually with the fund. AXTX was launched on April 24, 2026, as one of four new Cboe-listed Tradr single-stock leveraged ETFs, alongside funds linked to Coupang Inc., Monolithic Power Systems, Inc., and Seagate Technology Holdings plc. In August 2026, Tradr expanded its AXTI-related product lineup by launching the Tradr 2X Short AXTI Daily ETF, providing inverse daily exposure to AXT and complementing AXTX’s long leveraged strategy. Investment Managers Series Trust II is headquartered in Milwaukee, Wisconsin, United States, and AXTX is distributed by ALPS Distributors, Inc., which is not affiliated with AXS Investments or Tradr ETFs.