0001752724-22-175385.txt : 20220812 0001752724-22-175385.hdr.sgml : 20220812 20220812155709 ACCESSION NUMBER: 0001752724-22-175385 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20220531 FILED AS OF DATE: 20220812 DATE AS OF CHANGE: 20220812 EFFECTIVENESS DATE: 20220812 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: 221159804 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 S000054990 LGM Risk Managed Total Return Fund C000172959 LGM Risk Managed Total Return Fund Institutional Class LBETX 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 S000059209 FormulaFolios Smart Growth ETF C000194007 FormulaFolios Smart Growth ETF FFSG 0001644419 S000059210 FormulaFolios Tactical Growth ETF C000194008 FormulaFolios Tactical Growth ETF FFTG 0001644419 S000068966 Sterling Capital Focus Equity ETF C000220403 Sterling Capital Focus Equity ETF LCG 0001644419 S000074383 Sterling Capital Diverse Multi-Manager Active ETF C000232235 Sterling Capital Diverse Multi-Manager Active ETF DEIF N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001644419 XXXXXXXX 811-23066 true false false N-1A S000074383 C000232235 S000068966 true S000054990 C000172959 S000056066 C000176629 S000056067 true S000059209 true S000059210 true Northern Lights Fund Trust IV 811-23066 0001644419 549300UIBIHXQ3PDEC28 225 Pictoria Drive Suite 450 Cincinatti 45246 US-OH US 631-470-2603 Ultimus Fund Solutions, LLC. 4221 N. 203rd Street Suite 100 Elkhorn 68022 631-470-2600 Records related to its function as administrator, Transfer agent records and accounting agent N N N N-1A 30 Y Thomas Sarkany N/A N Charles Ranson N/A N Joseph Breslin N/A N James Ash N/A 4221 North 203rd Street Suite 100 Elkhorn 68022 XXXXXX N N N N N N N Northern Lights Distributors, LLC 8-065857 000126159 N/A Y N Cohen & Co. 925 N/A N N N N N N N Sterling Capital Diverse Multi-Manager Active ETF S000074383 549300TO0JLIBEBANY11 Y 1 0 0 Exchange-Traded Fund Y N 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 Sterling Capital Management LLC 801-64257 000135405 549300H8QJNF9O127E84 N Brown Brothers Harriman & Co. 084-06072 5493006KMX1VFTPYPW14 N N N ICE Data Services 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 Filling Number N N N SUSQUEHANNA CAPITAL GROUP 8-43174 000029337 5493003MWY2FX7868J26 27662.00000000 27662.00000000 BANK OF AMERICA MERRILL LYNCH 8-69787 000283942 549300HN4UKV1E2R3U73 96479075.00000000 96479075.00000000 N 99207359.00000000 N N N Sterling Capital Focus Equity ETF S000068966 549300TQVFTFHODA5C95 N 1 0 0 Exchange-Traded Fund Y N 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 Sterling Capital Management LLC 801-64257 000135405 549300H8QJNF9O127E84 N Brown Brothers Harriman & Co. 084-06072 5493006KMX1VFTPYPW14 N N N ICE Data Services 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 Fililng Number N N N SUSQUEHANNA CAPITAL GROUP 8-43174 000029337 5493003MWY2FX7868J26 3397.00000000 3397.00000000 VIRTU FINANCIAL 8-51262 000045986 5493006FX0HRYU3G2R47 19922951.00000000 BANK OF AMERICA MERRILL LYNCH 8-69787 000283942 549300HN4UKV1E2R3U73 36478428.00000000 56401379.00000000 N 44739660.00000000 N N N LGM Risk Managed Total Return Fund S000054990 549300N2LKIUKPGU2W67 N 1 0 1 Fund of Funds N N N N N/A 0.00000000 0.00000000 Rule 32a-4 (17 CFR 270.32a-4) N N N N LGM Capital Management, LLC 801-108408 N/A N/A N Ultimus Fund Solutions, LLC 84-05829 N/A N N N ICE Data Services N/A N N Huntington Bancshares, inc. 549300XTVCVV917B5T19 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 Wallabeth 8-67936 000147853 549300R371KUKXEXC133 6890.14000000 Huntington Bank 8-34867 000016986 2WHM8VNJH63UN14OL754 200.00000000 7090.14000000 0.00000000 N 17057064.63161643 0.00000000 N N N N FormulaFolios Hedged Growth ETF S000056066 549300ICK5K6VJP3JT55 N 1 0 0 Exchange-Traded Fund Fund of Funds N N Y N N Securities Finance Trust Company 549300TG9E1QX4XYSB91 N N N/A 2032177.26 2638.00000000 Rule 6c-11 (17 CFR 270.6c-11) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N FormulaFolios Investments, LLC 801-72780 000153467 N/A N Brown Brothers Harriman & Co N/A 5493006KMX1VFTPYPW14 N N N ICE Data Services 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 8-69731 Filing Number N N N Ultimus Fund Solutions, LLC. 84-05829 Filing Number N N N Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 6272.88000000 6272.88000000 Citadel Securities LLC 008-53574 000116797 12UUJYTN7D3SW8KCSG25 3476380.32000000 Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 12136919.05961499 Bank of America Merrill Lynch 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 1550475.21000000 17163774.58961499 N 43148837.45342467 N N N FormulaFolios Tactical Income ETF S000056067 549300HTILRNDV1GFV35 N 1 0 0 Exchange-Traded Fund Fund of Funds N N Y N N Securities Finance Trust Company 549300TG9E1QX4XYSB91 N N N/A 70925459.55 578893.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 6c-11 (17 CFR 270.6c-11) Y N N N FormulaFolios Investments, LLC 801-72780 000153467 N/A N Brown Brothers Harriman & Co N/A 5493006KMX1VFTPYPW14 N N N ICE Data Services 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 8-69731 Filing Number N N N Ultimus Fund Solutions, LLC. 84-05829 Filing Number N N N Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 34368.63999999 34368.63999999 Goldman, Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 1185154.40999999 Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 2093539.10000000 Bank of America Merrill Lynch 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 29695853.05000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 46911968.20140799 Citadel Securities LLC 008-53574 000116797 12UUJYTN7D3SW8KCSG25 8033063.87999999 87919578.64140799 N 210555243 N N N FormulaFolios Smart Growth ETF S000059209 549300IMXOYJC1K25N10 N 1 0 0 Exchange-Traded Fund Fund of Funds N N Y N N Securities Finance Trust Company 549300TG9E1QX4XYSB91 N N N/A 2183299.15 274.00000000 Rule 6c-11 (17 CFR 270.6c-11) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N FormulaFolios Investments, LLC 801-72780 000153467 N/A N Brown Brothers Harriman & Co. N/A 5493006KMX1VFTPYPW14 N N N ICE Data Services 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 8-69731 Filing Number N N N Ultimus Fund Solutions, LLC. 84-05829 Filing Number N N N Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 3136.02000000 3136.02000000 Citadel Securities LLC 008-53574 000116797 12UUJYTN7D3SW8KCSG25 1466666.36000000 Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 8495143.56000000 Bank of America Merrill Lynch 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 934356.70000000 Goldman, Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 1799925.54000000 12696092.16000000 N 41493194.90827400 N N N FormulaFolios Tactical Growth ETF S000059210 549300QNAMBTMFIBOZ57 N 1 0 0 Exchange-Traded Fund Fund of Funds N N Y N N Securities Finance Trust Company 549300TG9E1QX4XYSB91 N N N/A 5052209.75 4214.00000000 Rule 6c-11 (17 CFR 270.6c-11) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N FormulaFolios Investments, LLC 801-72780 000153467 N/A N Brown Brothers Harriman & Co N/A 5493006KMX1VFTPYPW14 N N N ICE Data Services 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 8-69731 Filing Number N N N Ultimus Fund Solutions, LLC. 84-05829 Filing Number N N N BROWN BROTHERS & HARRIMAN 8-69731 000282732 5493006KMX1VFTPYPW14 1458.12000000 Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 5959.25000000 7417.37000000 Citadel Securities LLC 008-53574 000116797 12UUJYTN7D3SW8KCSG25 3780990.28842499 Virtu Financial 8-51262 000045986 5493006FX0HRYU3G2R47 6825636.73000000 Bank of America Merrill Lynch 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 1341089.89999999 Goldman, Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 2957839.14000000 14905556.05842500 N 46696352.79624658 N N N Sterling Capital Diverse Multi-Manager Active ETF S000074383 N 25000.00000000 3.06000000 0.00000000 96.94000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 500.00000000 500.00000000 2.00000000 500.00000000 500.00000000 2.00000000 0.00000000 500.00000000 2.00000000 0.00000000 500.00000000 2.00000000 N Sterling Capital Focus Equity ETF S000068966 N 25000.00000000 0.59000000 0.00000000 99.41000000 0.00000000 0.68000000 0.00000000 99.32000000 0.00000000 250.00000000 250.00000000 2.00000000 250.00000000 250.00000000 2.00000000 0.00000000 250.00000000 2.00000000 0.00000000 250.00000000 2.00000000 N FormulaFolios Hedged Growth ETF S000056066 N 50000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1.56000000 0.00000000 98.44000000 0.00000000 250.00000000 250.00000000 2.00000000 250.00000000 250.00000000 2.00000000 0 250.00000000 2.00000000 0 250.00000000 2.00000000 Y FormulaFolios Tactical Income ETF S000056067 N 50000.00000000 1.37000000 0.00000000 98.63000000 0.00000000 1.65000000 0.00000000 98.35000000 0.00000000 250.00000000 250.00000000 2.00000000 250.00000000 250.00000000 2.00000000 0 250.00000000 2.00000000 0 250.00000000 2.00000000 Y FormulaFolios Smart Growth ETF S000059209 N 25000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 9.69000000 0.00000000 90.31000000 0.00000000 250.00000000 250.00000000 2.00000000 250.00000000 250.00000000 2.00000000 0 250.00000000 2.00000000 0 250.00000000 2.00000000 Y FormulaFolios Tactical Growth ETF S000059210 N 25000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1.45000000 0.00000000 98.55000000 0.00000000 250.00000000 250.00000000 2.00000000 250.00000000 250.00000000 2.00000000 0 250.00000000 2.00000000 0 250.00000000 2.00000000 Y true INTERNAL CONTROL RPT 2 iclettersterling.txt IC LETTER STERLING ETFS REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders of Sterling Capital Focus Equity ETF, Sterling Capital Diverse Multi-Manager Active ETF and Board of Trustees of Northern Lights Fund Trust IV In planning and performing our audit of the financial statements of Sterling Capital Focus Equity ETF and Sterling Capital Diverse Multi-Manager Active ETF (the Funds), each a series of Northern Lights Fund Trust IV, as of and for the year or period ended May 31, 2022, 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 generally accepted accounting principles (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 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 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 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 May 31, 2022. This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/COHEN & COMPANY, LTD. Milwaukee, Wisconsin July 29, 2022 INTERNAL CONTROL RPT 3 IC_Letter_FormulaFolios_ETFs.txt IC LETTER FF ETFS REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders of FormulaFolios Hedged Growth ETF, FormulaFolios Smart Growth ETF, FormulaFolios Tactical Growth ETF, and FormulaFolios Tactical Income ETF and Board of Trustees of Northern Lights Fund Trust IV In planning and performing our audit of the financial statements of FormulaFolios Hedged Growth ETF, FormulaFolios Smart Growth ETF, FormulaFolios Tactical Growth ETF, and FormulaFolios Tactical Income ETF (the "Funds"), each a series of Northern Lights Fund Trust IV, as of and for the year ended May 31, 2022, 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 generally accepted accounting principles (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 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 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 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 May 31, 2022. This report is intended solely for the information and use of management and the Board of Trustees of the Funds 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 July 29, 2022 INTERNAL CONTROL RPT 4 NCENLGMLetter.txt LGM IC LETTER REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders of LGM Risk Managed Total Return Fund and Board of Trustees of Northern Lights Fund Trust IV In planning and performing our audit of the financial statements of LGM Risk Managed Total Return Fund (the Fund), a series of Northern Lights Fund Trust IV, as of and for the year ended May 31, 2022, 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 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 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 generally accepted accounting principles (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 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 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 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 May 31, 2022. 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 July 29, 2022