Spy Kids 2: Island of Lost Dreams does not contain any discernible LGBTQ+ characters or themes. The narrative focuses on family, adventure, and espionage without incorporating any elements related to queer identity or experiences.

The film "Spy Kids 2: The Island of Lost Dreams" does not feature any identifiable transsexual characters or themes. Therefore, there is no portrayal to evaluate, resulting in an N/A rating for its depiction of transsexual individuals.

The film's action sequences primarily feature child spies Carmen Cortez and Gertie Giggles utilizing advanced gadgets and technology to overcome obstacles and opponents. There are no clear instances where a female character defeats one or more male opponents in direct physical combat through skill, strength, or martial arts alone.

Spy Kids 2: Island of Lost Dreams is a direct sequel to the original film, continuing the story with the same established characters. No characters from the previous installment or any external source material have their gender changed in this film.

This film is a direct sequel where all returning characters are portrayed by the same actors, maintaining their established racial depictions. New characters introduced do not have prior canonical or historical racial baselines to be considered a 'race swap.'