Investment Managers Series Trust II – Tradr 2X Long ALAB Daily ETF is a U.S.-domiciled, actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of the common stock of Astera Labs, Inc. (NASDAQ: ALAB). The fund provides leveraged single-stock exposure through a portfolio of financial instruments designed to obtain approximately two times daily long exposure to Astera Labs shares; such instruments may include total-return swaps, options, and other derivatives, as well as cash and short-term collateral investments. It is intended principally for sophisticated investors and professional traders seeking to express short-term, high-conviction views on Astera Labs, an AI and cloud-infrastructure connectivity semiconductor company. The fund resets its exposure daily and does not seek to provide its stated multiple of ALAB’s performance over periods longer than one trading day; returns over longer periods can differ materially, including in direction, from twice the cumulative performance of the underlying stock. The fund trades on Cboe under the ticker LABX, carries a 1.30% expense ratio, and offers listed options. Investment Managers Series Trust II serves as the statutory trust and issuer, while AXS Investments LLC manages the fund under the Tradr ETFs brand. LABX was launched on August 11, 2025, and listed on Cboe on August 12, 2025, as part of Tradr’s expansion of its leveraged single-stock ETF platform, including an initial group of products focused on AI-enabling infrastructure companies. The trust and adviser operate in the United States; Investment Managers Series Trust II is headquartered in Chicago, Illinois, and was established in 2015.