Investment Managers Series Trust II – Tradr 2X Long CPNG Daily ETF is a U.S.-domiciled, actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of the common stock of Coupang, Inc. (NYSE: CPNG). The Fund provides leveraged, single-stock exposure to Coupang through a portfolio of total-return swaps with major global financial institutions; exchange-traded call options, including FLEX Options; direct investments in Coupang common stock; and, as collateral investments, U.S. Treasury securities, money market funds, short-term bond ETFs and investment-grade short-term corporate debt securities. The Fund generally maintains at least 80% exposure to financial instruments providing two-times leveraged daily exposure to Coupang and rebalances its portfolio daily; it is non-diversified and concentrates its investments in the online retail industry. The Fund is intended for knowledgeable investors that actively monitor leveraged positions, as its results over periods longer than a single trading day can differ materially, and potentially in direction, from twice Coupang’s cumulative return due to daily compounding, volatility, fees and rebalancing. Managed by AXS Investments LLC under the Tradr ETFs brand, the Fund charges a 1.49% management fee and is sponsored through Investment Managers Series Trust II. Investment Managers Series Trust II – Tradr 2X Long CPNG Daily ETF was formed and launched on April 24, 2026, representing Tradr ETFs’ expansion of its leveraged single-stock ETF lineup through the introduction of products offering 2x daily exposure to selected publicly traded companies, including Coupang. The Fund is based in the United States and provides indirect exposure to Coupang, a Seattle-headquartered technology and commerce company with principal operations in South Korea and Taiwan; Coupang is not affiliated with the Fund, the Trust or its adviser.