ASTORIA REAL ASSETS ETF

Astoria Real Assets ETF is an actively managed U.S.-domiciled exchange-traded fund that primarily trades on Nasdaq under the ticker PPI, and 7OH0 is the Hamburg (HAM) exchange cross-listing code for this same ETF. ## Fund identity Astoria Real Assets ETF is structured as a series of Investment Managers Series Trust II and is managed by Astoria Portfolio Advisors, with AXS Investments involved in distribution and branding. The fund’s primary trading line is on Nasdaq in the U.S. under ticker PPI, and it is referenced across U.S. data providers under this symbol. ## Strategy and objective The ETF seeks long‑term capital appreciation in inflation‑adjusted terms by investing in “real asset‑like” exposures expected to benefit, directly or indirectly, from rising costs of goods and services. The portfolio is actively managed and can hold a mix of equities and other instruments linked to sectors such as industrials, energy, natural resources, real estate, infrastructure, commodities, and related asset‑linked securities. ## Listing and the 7OH0 code On the Hamburg Stock Exchange, the instrument is traded under the code 7OH0, which represents the same underlying Astoria Real Assets ETF that trades in the U.S. as PPI. This Hamburg listing provides European investors with local‑market access and pricing in line with the fund’s primary U.S. listing, subject to currency conversion, spreads, and local trading conditions. ## Key structural features The fund was launched in late 2021 and has undergone branding and name changes, with the current name “Astoria Real Assets ETF” effective March 2025. It carries an expense ratio around 0.60% and total assets in the tens of millions of U.S. dollars, placing it in the smaller‑to‑mid‑size segment of the ETF market. ## Practical implications for investors For portfolio construction, the ETF can serve as a satellite allocation aimed at real assets and inflation‑sensitive exposures rather than a broad market core holding. Investors trading via Hamburg under 7OH0 still bear the underlying ETF’s U.S. market, currency, and sector risks, in addition to any local market liquidity and FX effects associated with trading on a German venue.