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 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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 N 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 000000361 FOR8UP27PHTHYVLBNG30 5512.47000000 Instinet Inc. 8-23669 000007897 549300B5FJH6P0V01C37 1925.01000000 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 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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