Supplement dated June 23, 2026 to the
currently effective Prospectus and Statement of Additional Information.
Shares of each Fund listed below are not currently offered or available for purchase on the secondary market.
| Tradr 2X Long CIEN Daily ETF |
| Tradr 2X Long FANG Daily ETF |
| Tradr 2X Long FN Daily ETF |
| Tradr 2X Long FTAI Daily ETF |
| Tradr 2X Long IBRX Daily ETF |
| Tradr 2X Long LASR Daily ETF |
| Tradr 2X Long LHX Daily ETF |
| Tradr 2X Long LNG Daily ETF |
| Tradr 2X Long LSCC Daily ETF |
| Tradr 2X Long MKSI Daily ETF |
| Tradr 2X Long OWL Daily ETF |
| Tradr 2X Long Q Daily ETF |
| Tradr 2X Long RMBS Daily ETF |
| Tradr 2X Long SWMR Daily ETF |
| Tradr 2X Long TE Daily ETF |
| Tradr 2X Long TSEM Daily ETF |
| Tradr 2X Long VLO Daily ETF |
Each a series of Investment Managers Series Trust II
Please retain this Supplement for future reference.