Investment Managers Series Trust II – Tradr 2X Long STX Daily ETF is an actively managed U.S.-domiciled exchange-traded fund that seeks, before fees and expenses, to provide daily investment results corresponding to two times (200%) the daily performance of the common shares of Seagate Technology Holdings plc (Nasdaq: STX). The Fund, which trades on Cboe under the ticker STXX and has an expense ratio of 1.49%, provides leveraged long exposure to Seagate through direct holdings of STX common stock and financial instruments, including total-return swaps and listed options; it generally maintains at least 80% exposure to instruments designed to provide 200% leveraged daily exposure to STX. The Fund is designed principally for sophisticated investors and professional traders seeking short-term, actively monitored exposure to Seagate, rather than investment results over periods longer or shorter than a single trading day. STXX was launched on April 24, 2026, as a series of Investment Managers Series Trust II, is managed by AXS Investments LLC under the Tradr ETFs brand, and is distributed by ALPS Distributors Inc. The Fund’s principal offering is leveraged daily exposure to Seagate, a provider of data-storage technologies, and its shares are available through brokerage accounts, with listed options also available. The principal recent corporate development is the Fund’s April 2026 inception as part of Tradr ETFs’ expansion of its U.S. single-stock leveraged ETF lineup, including products targeting companies in memory-chip, semiconductor, data-center and artificial-intelligence-related markets.