0001752724-22-025385.txt : 20220211
0001752724-22-025385.hdr.sgml : 20220211
20220211121528
ACCESSION NUMBER: 0001752724-22-025385
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 3
CONFORMED PERIOD OF REPORT: 20211130
FILED AS OF DATE: 20220211
DATE AS OF CHANGE: 20220211
EFFECTIVENESS DATE: 20220211
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Northern Lights Fund Trust IV
CENTRAL INDEX KEY: 0001644419
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0916
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-23066
FILM NUMBER: 22618401
BUSINESS ADDRESS:
STREET 1: 225 PICTORIA DRIVE
STREET 2: SUITE 450
CITY: CINCINNATI
STATE: OH
ZIP: 45246
BUSINESS PHONE: 402-895-1600
MAIL ADDRESS:
STREET 1: 17605 WRIGHT STREET
STREET 2: SUITE 200
CITY: OMAHA
STATE: NE
ZIP: 68154-1150
0001644419
S000050435
Anchor Risk Managed Credit Strategies Fund
C000159233
Anchor Risk Managed Credit Strategies Fund Advisor Class Shares
ATCAX
C000161918
Anchor Risk Managed Credit Strategies Fund Institutional Class Shares
ATCSX
0001644419
S000052164
Main BuyWrite Fund
C000164162
Main BuyWrite Fund Class A Shares
C000164163
Main BuyWrite Fund Class C Shares
C000164164
Main BuyWrite Fund Class I Shares
BUYWX
0001644419
S000052165
Measured Risk Strategy Fund
C000164165
Measured Risk Strategy Fund Class A Shares
MRPAX
C000164166
Measured Risk Strategy Fund Class I Shares
MRPIX
0001644419
S000053886
Moerus Worldwide Value Fund
C000169568
Moerus Worldwide Value Fund Class N
MOWNX
C000169569
Moerus Worldwide Value Fund Institutional Class
MOWIX
0001644419
S000054990
LGM Risk Managed Total Return Fund
C000172959
LGM Risk Managed Total Return Fund Institutional Class
LBETX
C000172960
LGM Risk Managed Total Return Fund Investor Class
LBTTX
0001644419
S000055029
Anchor Risk Managed Equity Strategies Fund
C000173045
Anchor Risk Managed Equity Strategies Fund Institutional Class
ATESX
C000173046
Anchor Risk Managed Equity Strategies Fund Advisor Class
ATEAX
0001644419
S000055030
Anchor Risk Managed Municipal Strategies Fund
C000173047
Anchor Risk Managed Municipal Strategies Fund Institutional Class
ATMSX
C000173048
Anchor Risk Managed Municipal Strategies Fund Advisor Class
ATAMX
0001644419
S000055031
Anchor Tactical Real Estate Fund
C000173049
Anchor Tactical Real Estate Fund Institutional Class
ARESX
C000173050
Anchor Tactical Real Estate Fund Investor Class
ATREX
0001644419
S000055663
QuantX Risk Managed Growth ETF
C000175196
QuantX Risk Managed Growth ETF
QXGG
0001644419
S000055664
QUANTX Risk Managed Multi-Asset Income ETF
C000175197
QUANTX Risk Managed Multi-Asset Income ETF
0001644419
S000055665
QUANTX Risk Managed Multi-Asset Total Return ETF
C000175198
QUANTX Risk Managed Multi-Asset Total Return ETF
QXTR
0001644419
S000055666
QuantX Risk Managed Real Return ETF
C000175199
QuantX Risk Managed Real Return ETF
0001644419
S000055667
QuantX Dynamic Beta US Equity ETF
C000175200
QuantX Dynamic Beta US Equity ETF
XUSA
0001644419
S000056066
Formula Folios Hedged Growth ETF
C000176629
Formula Folios Hedged Growth ETF
FFHG
0001644419
S000056067
FormulaFolios Tactical Income ETF
C000176630
FormulaFolios Tactical Income ETF
FFTI
0001644419
S000056116
Inspire Corporate Bond Impact ETF
C000176728
Inspire Corporate Bond Impact ETF
IBD
0001644419
S000056117
Inspire Global Hope ETF
C000176729
Inspire Global Hope ETF
BLES
0001644419
S000056118
Inspire Small/Mid Cap Impact ETF
C000176730
Inspire Small/Mid Cap Impact ETF
ISMD
0001644419
S000058154
Main Sector Rotation ETF
C000190408
Main Sector Rotation ETF
SECT
0001644419
S000059209
FormulaFolios Smart Growth ETF
C000194007
FormulaFolios Smart Growth ETF
FFSG
0001644419
S000059210
FormulaFolios Tactical Growth ETF
C000194008
FormulaFolios Tactical Growth ETF
FFTG
0001644419
S000059240
IQ-Striquer Fund
C000194410
IQ-Striquer Fund Class A Shares
IQSAX
C000194411
IQ-Striquer Fund Class C Shares
C000194412
IQ-Striquer Fund Class I Shares
IQSIX
0001644419
S000059266
Sage ESG Intermediate Credit ETF
C000194577
Sage ESG Intermediate Credit ETF
GUDB
0001644419
S000059335
Inspire 100 ETF
C000194706
Inspire 100 ETF
BIBL
0001644419
S000063240
FormulaFolios Flexible Income ETF
C000205111
FormulaFolios Flexible Income ETF
0001644419
S000063241
FormulaFolios Sector Rotation ETF
C000205112
FormulaFolios Sector Rotation ETF
0001644419
S000064073
Anchor Risk Managed Global Strategies Fund
C000207215
Anchor Risk Managed Global Strategies Fund Institutional Class Shares
ATGSX
C000207216
Anchor Risk Managed Global Strategies Fund Advisor Class
ATAGX
0001644419
S000066581
Inspire International ESG ETF
C000214760
Inspire International ESG ETF
WWJD
0001644419
S000068946
Inspire Tactical Balanced ESG ETF
C000220340
Inspire Tactical Balanced ESG ETF
RISN
0001644419
S000068966
Sterling Capital Focus Equity ETF
C000220403
Sterling Capital Focus Equity ETF
LCG
0001644419
S000070124
Inspire Faithward Large Cap Momentum ESG ETF
C000223047
Inspire Faithward Large Cap Momentum ESG ETF
FEVR
0001644419
S000070125
Inspire Faithward Mid Cap Momentum ESG ETF
C000223048
Inspire Faithward Mid Cap Momentum ESG ETF
GLRY
0001644419
S000070209
USA Mutuals All Seasons Fund
C000223272
USA Mutuals All Seasons Fund Institutional Class
UNAVX
C000223273
USA Mutuals All Seasons Fund Class Z
ZNAVX
0001644419
S000070210
USA Mutuals Vice Fund
C000223274
USA Mutuals Vice Fund Class A
VICAX
C000223275
USA Mutuals Vice Fund Institutional Class
VICVX
C000223276
USA Mutuals Vice Fund Investor Class
VICEX
C000223277
USA Mutuals Vice Fund Class C
VICCX
0001644419
S000070451
Main Thematic Innovation ETF
C000223946
Main Thematic Innovation ETF
TMAT
0001644419
S000071242
Monarch Ambassador Income ETF
C000226137
Monarch Ambassador Income ETF
MAMB
0001644419
S000071243
Monarch Blue Chips Core ETF
C000226138
Monarch Blue Chips Core ETF
MBCC
0001644419
S000071244
Monarch ProCap ETF
C000226139
Monarch ProCap ETF
MPRO
0001644419
S000072613
Main International ETF
C000228990
Main International ETF
0001644419
S000074383
Sterling Capital Diverse Multi-Manager Active ETF
C000232235
Sterling Capital Diverse Multi-Manager Active ETF
0001644419
S000074624
FMC Excelsior Focus Equity ETF
C000232649
FMC Excelsior Focus Equity ETF
0001644419
S000075613
R3 Global Dividend Growth ETF
C000234834
R3 Global Dividend Growth ETF
N-CEN
1
primary_doc.xml
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Northern Lights Fund Trust IV
811-23066
0001644419
549300UIBIHXQ3PDEC28
225 Pictoria Drive
Suite 450
Cincinnati
45246
US-OH
US
631-490-4300
Ultimus Fund Solutions, LLC.
4221 N. 203rd Street
Suite 100
Elkhorn
68022
631-470-2600
Fund Accounting and Transfer Agents Records
N
N
N
N-1A
27
Y
Charles Ranson
N/A
N
Joseph Breslin
N/A
N
Thomas Sarkany
N/A
N
James Ash
N/A
4221 North 203rd Street
Suite 100
Elkhorn
68022
XXXXXX
N
N
N
N
N
N
N
Foreside Financial Services, LLC.
8-68027
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N/A
N
N
Cohen & Co.
925
N/A
BBD LLP
552
N/A
N
N
N
N
N
N
N
Inspire Corporate Bond Impact ETF
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549300DLDH7OYNEDTI28
N
1
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0
Exchange-Traded Fund
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Y
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Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
0.00000000
0.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
N
N
N
N
CWM Advisors, LLC
801-108947
000171988
N/A
N
Brown Brothers Harriman & Co
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5493006KMX1VFTPYPW14
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ICE Data Services
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
LEI
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
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CastleOak Securities, L.P
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Goldman, Sachs & Co. LLC
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BofA Securities, Inc.
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J.P. Morgan Securities LLC
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Inspire 100 ETF
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Exchange-Traded Fund
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0.07
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N
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Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
2965815.75000000
6575.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
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N
CWM Advisors, LLC
801-108947
000171988
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Brown Brothers Harriman & Co
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ICE Data Services
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Brown Brothers Harriman & Co
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Brown Brothers Harriman & Co
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LEI
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Ultimus Fund Solutions, LLC.
84-05829
Filing Number
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BofA Securities, Inc.
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Virtu Americas LLC
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148205149.85999501
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231116261.54353400
N
N
N
Inspire Small/Mid Cap Impact ETF
S000056118
549300U402348LTM0Q29
N
1
0
0
Exchange-Traded Fund
Y
Y
-2.64000000
-3.16000000
0.09
0.09
N
N
Y
N
N
Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
8787140.16666666
34395.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
Y
N
Y
Y
CWM Advisors, LLC
801-108947
000171988
N/A
N
Brown Brothers Harriman & Co
084-06072
5493006KMX1VFTPYPW14
N
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N
ICE Data Services
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N/A
N
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
LEI
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
Virtu Americas LLC
008-68193
000149823
549300RA02N3BNSWBV74
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GTS Securities LLC
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Virtu Americas LLC
008-68193
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BofA Securities, Inc.
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Goldman, Sachs & Co. LLC
8-129
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FOR8UP27PHTHYVLBNG30
19486391.38037100
33416834.61016500
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114204695.26038356
N
N
N
Inspire Tactical Balanced ESG ETF
S000068946
549300RDYPIF4KHISQ43
N
1
0
0
Exchange-Traded Fund
N
N
Y
N
N
Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
1311651.30000000
6853.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
N
N
N
N
CWM Advisors, LLC
801-108947
000171988
N/A
N
Brown Brothers Harriman & Co
084-06072
5493006KMX1VFTPYPW14
N
N
N
ICE Data Services
N/A
N/A
N
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
LEI
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
GTS Securities LLC
8-68126
000149224
5493005RMIRIL1NTB654
25682.65000000
25682.65000000
Virtu Americas LLC
008-68193
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549300RA02N3BNSWBV74
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Goldman, Sachs & Co. LLC
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BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
1307319.40999999
32637684.08999100
N
92001939.00334242
N
N
N
Inspire Faithward Mid Cap Momentum ESG ETF
S000070125
549300AQZESHDT266A84
Y
1
0
0
Exchange-Traded Fund
N
N
Y
N
Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
0.00000000
0.00000000
Rule 6c-11 (17 CFR 270.6c-11)
Rule 32a-4 (17 CFR 270.32a-4)
N
N
N
N
CWM Advisors, LLC
801-108947
000171988
N/A
N
SevenOneSeven Capital Management, LTD
801-117445
000305092
N/A
N
Brown Brothers Harriman & Co
084-06072
5493006KMX1VFTPYPW14
N
N
N
ICE Data Services
N/A
N/A
N
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
LEI
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
GTS Securities LLC
8-68126
000149224
5493005RMIRIL1NTB654
32920.10000000
Virtu Americas LLC
008-68193
000149823
549300RA02N3BNSWBV74
228.02000000
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Goldman, Sachs & Co. LLC
8-129
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BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
23033914.36014499
Virtu Americas LLC
008-68193
000149823
549300RA02N3BNSWBV74
36172225.75999999
77570199.81014499
N
40612636.44145252
N
N
N
Inspire Faithward Large Cap Momentum ESG ETF
S000070124
549300GA1BDOON2GOA66
Y
1
0
0
Exchange-Traded Fund
N
N
Y
N
Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
0.00000000
0.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
N
N
N
N
CWM Advisors, LLC
801-108947
000171988
N/A
N
SevenOneSeven Capital Management, LTD
801-117445
000305092
N/A
N
Brown Brothers Harriman & Co
084-06072
5493006KMX1VFTPYPW14
N
N
N
ICE Data Services
N/A
N/A
N
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
LEI
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
GTS Securities LLC
8-68126
000149224
5493005RMIRIL1NTB654
17090.66999999
17090.66999999
Goldman, Sachs & Co. LLC
8-129
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26033874.50003099
Virtu Americas LLC
008-68193
000149823
549300RA02N3BNSWBV74
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BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
41222750.27000000
78193717.90003101
N
36751038.69310057
N
N
N
Inspire International ESG ETF
S000066581
54930018PPEXQLQ0LS23
N
1
0
0
Exchange-Traded Fund
Y
Y
2.49
1.8
0.16
0.16
N
N
Y
N
N
Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
3347075.41666666
23474.00000000
Rule 6c-11 (17 CFR 270.6c-11)
Rule 32a-4 (17 CFR 270.32a-4)
Y
N
N
N
CWM Advisors, LLC
801-108947
000171988
N/A
N
Brown Brothers Harriman & Co
084-06072
5493006KMX1VFTPYPW14
N
N
N
ICE Data Services
N/A
N/A
N
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
LEI
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
GTS Securities LLC
8-68126
000149224
5493005RMIRIL1NTB654
155050.71000000
155050.71000000
Virtu Americas LLC
008-68193
000149823
549300RA02N3BNSWBV74
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BofA Securities, Inc.
8-69787
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549300HN4UKV1E2R3U73
20268705.17257500
J.P. Morgan Securities LLC
8-35008
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52445032.93384199
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97238545.41057540
N
N
N
Inspire Global Hope ETF
S000056117
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N
1
0
0
Exchange-Traded Fund
Y
Y
-0.61000000
-1.10000000
0.43
0.43
N
N
Y
N
N
Brown Brothers Harriman & Co.
5493006KMX1VFTPYPW14
N
N
N/A
2535697.66666666
16428.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
Y
N
N
N
CWM Advisors, LLC
801-108947
000171988
N/A
N
Brown Brothers Harriman & Co
084-06072
5493006KMX1VFTPYPW14
N
N
N
ICE Data Services
N/A
N/A
N
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Brown Brothers Harriman & Co
5493006KMX1VFTPYPW14
LEI
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
GTS Securities LLC
8-68126
000149224
5493005RMIRIL1NTB654
85334.68000000
J.P. Morgan Securities LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
7133.57000000
92468.25000000
J.P. Morgan Securities LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
35007899.04139299
35007899.04139299
N
132825127.27260283
N
N
N
Moerus Worldwide Value Fund
S000053886
549300G1KOB3U67B5X63
N
2
0
0
N/A
N
N
Y
N
N/A
0
0
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
Y
N
Moerus Capital Management LLC
801-107225
000282399
254900050TD7BGSBDM07
N
Ultimus Fund Solutions, LLC
84-05829
N/A
N
N
N
ICE Data Services
N/A
N/A
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N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC
84-05829
Filing Number
N
N
N
Ultimus Fund Solutions, LLC
84-05829
Filing Number
N
N
N
RENCAP SECURITIES, INC.
8-48011
000037821
549300270JFOJECE0G62
1830.12000000
Goldman Sachs
8-129
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Instinet Inc.
8-23669
000007897
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Macquarie Group
8-47198
000036368
I7DN01ESED5B9CJOMH86
1522.82000000
Itau Unibanco Group
N/A
N/A
BZO2P8KHO2O10H5QQ663
BR
1875.48000000
Bank of Montreal
N/A
N/A
NQQ6HPCNCCU6TUTQYE16
CA
2614.53000000
CORREDORES DAVIVIENDA SA
N/A
N/A
549300K3XH58G82FRX97
CO
2282.40000000
Eight Capital
8-48886
000039759
549300FMB9DDG5HWNQ04
CA
1810.49000000
BTG Pactual
8-68148
000149486
549300EUEDL5GKQW8U35
3376.23000000
Motilal Oswal
N/A
N/A
549300EFRJLEQ2T0FI49
MU
1728.70000000
33794.63000000
JEFFERIES GROUP
8-15074
000002347
NY9Q8VBNB6D1L6YV0J84
237797.33000000
Macquarie Group
8-47198
000036368
I7DN01ESED5B9CJOMH86
156387.34000000
BNY MELLON
8-35255
000017454
VJW2DOOHGDT6PR0ZRO63
19642.70000000
RENCAP SECURITIES, INC.
8-48011
000037821
549300270JFOJECE0G62
22701.07000000
436528.44000000
N
40061253.00000000
0.00000000
N
N
N
N
Inspire Corporate Bond Impact ETF
S000056116
N
100000.00000000
7.54000000
0.00000000
92.46000000
0.00000000
4.22000000
0.00000000
95.78000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
0.00000000
250.00000000
0.00000000
N
Inspire 100 ETF
S000059335
N
50000.00000000
0.84000000
0.00000000
99.16000000
0.00000000
0.97000000
0.00000000
99.03000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
0.00000000
250.00000000
0.00000000
N
Inspire Small/Mid Cap Impact ETF
S000056118
N
50000.00000000
0.86000000
0.00000000
99.14000000
0.00000000
0.84000000
0.00000000
99.16000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
0.00000000
250.00000000
0.00000000
N
Inspire Tactical Balanced ESG ETF
S000068946
N
25000.00000000
4.53000000
0.00000000
95.47000000
0.00000000
0.98000000
0.00000000
99.02000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
0.00000000
250.00000000
0.00000000
N
Inspire Faithward Mid Cap Momentum ESG ETF
S000070125
N
25000.00000000
1.26000000
0.00000000
98.74000000
0.00000000
0.86000000
0.00000000
99.14000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
0.00000000
250.00000000
0.00000000
N
Inspire Faithward Large Cap Momentum ESG ETF
S000070124
N
25000.00000000
1.19000000
0.00000000
98.81000000
0.00000000
0.60000000
0.00000000
99.40000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
250
250.00000000
0.00000000
0.00000000
250.00000000
0.00000000
N
Inspire International ESG ETF
S000066581
N
50000.00000000
5.07000000
0.00000000
94.93000000
0.00000000
2.60000000
0.00000000
97.40000000
0.00000000
250
500.00000000
0.00000000
250
500.00000000
0.00000000
250
500.00000000
0.00000000
0.00000000
500.00000000
0.00000000
N
Inspire Global Hope ETF
S000056117
N
50000.00000000
22.91000000
0.00000000
77.09000000
0.00000000
7.56000000
0.00000000
92.44000000
0.00000000
250
500.00000000
0.00000000
250
500.00000000
0.00000000
250
500.00000000
0.00000000
0.00000000
500.00000000
0.00000000
N
true
INTERNAL CONTROL RPT
2
Inspire_N-CEN.txt
INSPIRE 11.30.21 IC LETTER
REPORT OF
INDEPENDENT
REGISTERED
PUBLIC
ACCOUNTING
FIRM
To the Board of Trustees of Northern Lights
Fund Trust IV
and the Shareholders of Inspire Global
Hope ETF, Inspire Small/Mid Cap Impact
ETF, Inspire Corporate Bond Impact ETF,
Inspire 100 ETF, Inspire International ESG
ETF, Inspire Tactical Balanced ESG ETF,
Inspire Faithward Mid Cap Momentum
ESG ETF, and Inspire Faithward Large Cap
Momentum ESG ETF
In planning and performing our audits of the
financial statements of Inspire Global Hope ETF,
Inspire Small/Mid Cap Impact ETF, Inspire
Corporate Bond Impact ETF, Inspire 100 ETF,
Inspire International ESG ETF, Inspire Tactical
Balanced ESG ETF, Inspire Faithward Mid Cap
Momentum ESG ETF , and Inspire Faithward
Large Cap Momentum ESG ETF, each a series of
shares of beneficial interest in Northern Lights
Fund Trust IV (the "Funds"), as of November
30, 2021, and for the year or period then
ended, in accordance with the standards of the
Public Company Accounting Oversight Board
(United States) ("PCAOB"), we considered the
Funds internal control over financial reporting,
including controls over safeguarding securities,
as a basis for designing our auditing procedures
for the purpose of expressing our opinion on the
financial statements and to comply with the
requirements of Form N- CEN, but not for the
purpose of expressing an opinion on the
effectiveness of the Funds internal control over
financial reporting. Accordingly, we express no
such opinion.
The management of the Funds is responsible for
establishing and maintaining effective internal
control over financial reporting. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the
expected benefits and related costs of controls.
A funds internal control over financial reporting
is a process designed to provide reasonable
assurance regarding the reliability of financial
reporting and the preparation of financial
statements for external purposes in accordance
with accounting principles generally accepted in
the United States of America ("GAAP"). A funds
internal control over financial reporting includes
those policies and procedures that (1) pertain to
the maintenance of records that, in reasonable
detail, accurately and fairly reflect the
transactions and dispositions of the assets of
the fund; (2) provide reasonable assurance that
transactions are recorded as necessary to
permit preparation of the financial statements in
accordance with GAAP, and that receipts and
expenditures of the fund are being made only in
accordance with authorizations of management
and trustees of the fund; and (3) provide
reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use
or disposition of a funds assets that could have
a material effect on the financial statements.
Because of inherent limitations, internal control
over financial reporting may not prevent or
detect misstatements. Also, projections of any
evaluation of effectiveness to future periods are
subject to the risk that controls may become
inadequate because of changes in conditions or
that the degree of compliance with the policies
or procedures may deteriorate.
A deficiency in internal control over financial
reporting exists when the design or operation of
a control does not allow management or
employees, in the normal course of performing
their assigned functions, to prevent or detect
misstatements on a timely basis. A material
weakness is a deficiency, or combination of
deficiencies, in internal control over financial
reporting, such that there is a reasonable
possibility that a material misstatement of the
Funds annual or interim financial statements will
not be prevented or detected on a timely basis.
Our consideration of the Funds internal control
over financial reporting was for the limited
purpose described in the first paragraph and
would not necessarily disclose all deficiencies in
internal control that might be material
weaknesses under standards established by the
PCAOB. However, we noted no deficiencies in
the Funds internal control over financial
reporting and its operation, including controls
over safeguarding securities, that we consider
to be a material weakness, as defined above, as
of November 30, 2021.
This report is intended solely for the information
and use of management and the shareholders
of Inspire Global Hope ETF, Inspire Small/Mid
Cap Impact ETF, Inspire Corporate Bond Impact
ETF, Inspire 100 ETF, Inspire International ESG
ETF, Inspire Tactical Balanced ESG ETF, Inspire
Faithward Mid Cap Momentum ESG ETF , and
Inspire Faithward Large Cap Momentum ESG
ETF, the Board of Trustees of Northern Lights
Fund Trust IV and the Securities and Exchange
Commission and is not intended to be and
should not be used by anyone other than these
specified parties.
BBD, LLP
Philadelphia, Pennsylvania
January 28, 2022
INTERNAL CONTROL RPT
3
IC_Letter_Moerus_11.31.21.txt
MOERUS 11.30.21 IC LETTER
REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
To the Shareholders of Moerus Worldwide Value Fund and
Board of Trustees of Northern Lights Fund Trust IV
In planning and performing our audit of the financial
statements of Moerus Worldwide Value (the "Fund"), a series
of Northern Lights Fund Trust IV, as of and for the year ended
November 30, 2021, in accordance with the standards of the
Public Company Accounting Oversight Board (United States)
(PCAOB), we considered the Fund's internal control over
financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-
CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Fund's internal control over financial
reporting. Accordingly, we express no such opinion.
The management of the Fund is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls. A fund's
internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principles (GAAP). A fund's
internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the
fund; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with GAAP, and that receipts and
expenditures of the fund are being made only in accordance
with authorizations of management and trustees of the fund;
and (3) provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or
disposition of a fund's assets that could have a material effect
on the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.
A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of
performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a
deficiency, or combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable
possibility that a material misstatement of the Fund's annual
or interim financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Fund's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control that might be material weaknesses under
standards established by the PCAOB. However, we noted no
deficiencies in the Fund's internal control over financial
reporting and its operation, including controls over
safeguarding securities, that we consider to be a material
weakness as defined above as of November 30, 2021.
This report is intended solely for the information and use of
management and the Board of Trustees of the Fund and the
Securities and Exchange Commission and is not intended to
be and should not be used by anyone other than these
specified parties.
COHEN & COMPANY, LTD.
Milwaukee, Wisconsin
January 27, 2022