Investment Managers Series Trust II
01/30/2026 | Press release | Distributed by Public on 01/30/2026 11:11
Prospectus by Investment Company (Form 497)
Optima Strategic Credit Fund
Founders Class: OPTCX
Investor Class: OSCFX
A series of Investment Managers Series Trust II
Supplement dated January 30, 2026, to the
Prospectus dated December 12, 2025.
Effective immediately, the "Performance" section of the Prospectus is deleted in its entirety and replaced with the following:
Performance
On January 30, 2026, the Fund will acquire all of the assets and liabilities of the Optima Strategic Credit Fund (the "Predecessor Fund"), a series of The RBB Fund, Inc. (the "Reorganization"). As a result of the Reorganization, the Fund will adopt the accounting and performance history of the Predecessor Fund. Performance results shown in the bar chart and the performance table below reflect the performance of the Predecessor Fund.
The bar chart and table provide an indication of the risks of investing in the Predecessor Fund by showing changes in the Predecessor Fund's performance from year-to-year and by showing how the Predecessor Fund's average annual total returns for periods ended December 31, 2025, compare with those of the Bloomberg U.S. Universal Total Return Index, a broad-based market index, the iBoxx USD Liquid HY Index, and Markit CDX.NA.HY 5Y Long Total Return Index. Performance for Investor Class Shares is not shown because Investor Class Shares of the Fund had not commenced operations as of the date of this prospectus. The Fund's performance information is accessible on the Fund's website at funddocs.filepoint.com/optima/ or by calling the Fund at 1-877-341-4585. The Predecessor Fund's past performance before and after taxes is not necessarily an indication of how the Fund will perform in the future.
Calendar-Year Total Return (before taxes) for the Predecessor Fund's Founders Class Shares
For each calendar year at net asset value per share ("NAV")
| Predecessor Fund - Founder Class Shares | ||
| Highest Calendar Quarter Return at NAV | 3.21% | Quarter ended March 31, 2024 |
| Lowest Calendar Quarter Return at NAV | (0.81)% | Quarter ended March 31, 2023 |
|
Average Annual Total Returns (for periods ended December 31, 2025) |
1 Year |
Since (12/29/2021) |
| Predecessor Fund - Founders Class Shares | ||
| Return Before Taxes | 7.40% | 3.90% |
| Return After Taxes on Distributions(1) | 5.54% | 2.31% |
| Return After Taxes on Distributions and Sale of Fund Shares(1) | 4.35% | 2.29% |
| Bloomberg U.S. Universal Total Return Index (reflects no deductions for fees, expenses or taxes)(2) | 7.58% | 0.43% |
| iBoxx USD Liquid HY Index (reflects no deductions for fees, expenses or taxes)(3) | 8.83% | 4.30% |
|
Markit CDX.NA.HY 5Y Long Total Return Index (reflects no deductions for fees, expenses or taxes)(4) |
9.03% | 8.75% |
| (1) | After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. |
| (2) | The Bloomberg U.S. Universal Total Return Index measures the performance of the U.S. investment-grade fixed income market. |
| (3) | The iBoxx USD Liquid High Yield Index seeks to accurately and objectively replicate the U.S. dollar denominated high yield corporate bond market by utilizing multi-source independent pricing and quality tested reference data. The index consists of liquid U.S. dollar denominated high yield bonds. |
| (4) | The Markit CDX.NA.HY 5Y Long Total Return Index is composed of one hundred (100) liquid North American entities with high yield credit ratings that trade in the credit default swaps market. |
Please file this Supplement with your records.
Investment Managers Series Trust II published this content on January 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 30, 2026 at 17:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]