# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0000910472-26-002893
**Filing Date:** 2026-2
**Character Count:** 20816
**Document Hash:** fa83ba756ac4e4f1e06521a4c45ccb10
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002893.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002893

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust IV
- **CENTRAL INDEX KEY:** 0001644419

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0916

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23066
- **FILM NUMBER:** 26685109

**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

## Series and Classes Contracts Data

### USA Mutuals Vice Fund (Series ID: S000070210)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| 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           |

## Nport-Ex

pl

---

| | | |
|:---|:---|:---|
| **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.4%** |  |
|  | **ADVERTISING & MARKETING - 0.8%** |  |
| 75000 | Gambling.com Group Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $409500 |
|  | **AEROSPACE & DEFENSE - 25.0%** |  |
| 2000 | AeroVironment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 483780 |
| 160975 | BAE Systems plc | &nbsp;&nbsp;&nbsp; 3719331 |
| 3000 | Boeing Company (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 651360 |
| 7000 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 1435140 |
| 2000 | Lockheed Martin Corporation | &nbsp;&nbsp;&nbsp; 967340 |
| 4000 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; 2280840 |
| 18458 | RTX Corporation | &nbsp;&nbsp;&nbsp; 3385197 |
|  |  | &nbsp;&nbsp; 12922988 |
|  | **AUTOMOTIVE - 1.7%** |  |
| 2000 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 899440 |
|  | **BEVERAGES - 20.7%** |  |
| 35000 | Anheuser-Busch InBev S.A. - ADR | &nbsp;&nbsp;&nbsp; 2241400 |
| 15000 | Carlsberg A/S, Class B | &nbsp;&nbsp;&nbsp; 1971256 |
| 3500 | Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp; 482860 |
| 24500 | Diageo plc - ADR | &nbsp;&nbsp;&nbsp; 2113615 |
| 30000 | Heineken N.V. | &nbsp;&nbsp;&nbsp; 2457941 |
| 16500 | Pernod Ricard S.A. | &nbsp;&nbsp;&nbsp; 1417000 |
|  |  | &nbsp;&nbsp; 10684072 |
|  | **BIOTECH & PHARMA - 0.7%** |  |
| 500 | Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;&nbsp; 385935 |
|  | **E-COMMERCE DISCRETIONARY - 5.7%** |  |
| 17000 | Alibaba Group Holding Ltd. - ADR | &nbsp;&nbsp;&nbsp; 2491860 |
| 15000 | JD.com, Inc. - ADR | &nbsp;&nbsp;&nbsp; 430500 |
|  |  | &nbsp;&nbsp; 2922360 |
|  | **GAMING REITS - 2.4%** |  |
| 28322 | Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp; 1265710 |
|  | **LEISURE FACILITIES & SERVICES - 12.9%** |  |
| 10000 | DraftKings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 344600 |

---

---

| | | |
|:---|:---|:---|
| **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.4% (Continued)** |  |
|  | **LEISURE FACILITIES & SERVICES - 12.9% (Continued)** |  |
| 22500 | Evolution A.B. 144A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $1539157 |
| 5000 | Flutter Entertainment plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1075200 |
| 305000 | Galaxy Entertainment Group Ltd. | &nbsp;&nbsp;&nbsp; 1501737 |
| 15000 | MGM Resorts International<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 547350 |
| 35000 | Penn Entertainment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 516250 |
| 300000 | Sands China Ltd. | &nbsp;&nbsp;&nbsp; 755520 |
| 474600 | Wynn Macau Ltd. | &nbsp;&nbsp;&nbsp; 362229 |
|  |  | &nbsp;&nbsp; 6642043 |
|  | **METALS & MINING - 6.5%** |  |
| 12000 | Core Natural Resources, Inc. | &nbsp;&nbsp;&nbsp; 1062120 |
| 120000 | Hecla Mining Company | &nbsp;&nbsp;&nbsp; 2302800 |
|  |  | &nbsp;&nbsp; 3364920 |
|  | **SEMICONDUCTORS - 2.9%** |  |
| 10000 | Marvell Technology, Inc. | &nbsp;&nbsp;&nbsp; 849800 |
| 100000 | POET Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 633000 |
|  |  | &nbsp;&nbsp; 1482800 |
|  | **TOBACCO & CANNABIS - 19.1%** |  |
| 35000 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 2018100 |
| 53000 | British American Tobacco plc - ADR | &nbsp;&nbsp;&nbsp; 3000860 |
| 100000 | Canopy Growth Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 114000 |
| 480000 | Cronos Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1262400 |
| 21500 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 3448601 |
|  |  | &nbsp;&nbsp; 9843961 |
|  | **TOTAL COMMON STOCKS (Cost $36,350,589)** | &nbsp;&nbsp; 50823729 |
|  | **TOTAL INVESTMENTS - 98.4% (Cost $36,350,589)** | &nbsp;&nbsp;&nbsp; $50823729 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 1.6%** | &nbsp;&nbsp; 843562 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $51667291 |

---

---

| | |
|:---|:---|
| **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** |
| A.B. | -Aktiebolag |
| ADR | -American Depositary Receipt |
| A/S | -Anonim Sirketi |
| Ltd. | -Limited Company |
| N.V. | - Naamioze Vennootschap |
| plc | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| S.A. | - Soci?t? Anonyme |

---

(a) Non-income producing security.

(b) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2025, the total market value of Rule 144A securities is $1,539,157 or 3.0% of net assets.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Northern Lights Fund Trust IV

- **b. Investment Company Act file number:** 811-23066

- **c. CIK number of Registrant:** 0001644419

- **d. LEI of Registrant:** 549300UIBIHXQ3PDEC28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** USA Mutuals Vice Fund

- **b. EDGAR series identifier (if any):** S000070210

- **c. LEI of Series:** 5493000SV0I7TM6ZCV82

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $52014437.62

**Total Liabilities:** $347146.34

**Net Assets:** $51667291.28

**Cash Not Reported:** $503740.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223274 | -4.00%               | -0.12%               | 1.37%                |
| Class ID C000223275 | -4.02%               | -0.04%               | 1.35%                |
| Class ID C000223276 | -4.04%               | -0.08%               | 1.34%                |
| Class ID C000223277 | -4.10%               | -0.13%               | 1.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $120319.79               | $-2439423.38                               |
| Month 2  | $0.00                    | $-49843.89                                 |
| Month 3  | $171931.00               | $443210.86                                 |

### Schedule of Portfolio Investments

| Name                              | Title                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AeroVironment, Inc.               | AEROVIRONMENT IN         | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      2000 | NS      | $483780.00    | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Alibaba Group Holding Ltd.        | ALIBABA GRP-ADR          | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     17000 | NS      | $2491860.00   | 4.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group, Inc.                | ALTRIA GROUP INC         | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     35000 | NS      | $2018100.00   | 3.91%             |  |  |  | No            | 1                  | On Loan: No      |
| BAE Systems PLC                   | BAE SYSTEMS PLC          | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    160975 | NS      | $3719331.25   | 7.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Anheuser-Busch Inbev SA/NV        | ANHEUSER-SPN ADR         | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     35000 | NS      | $2241400.00   | 4.34%             |  |  |  | No            | 1                  | On Loan: —       |
| Boeing Co.                        | BOEING CO/THE            | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      3000 | NS      | $651360.00    | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| British American Tobacco PLC      | BRIT AMER TO-ADR         | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     53000 | NS      | $3000860.00   | 5.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Canopy Growth Corporation         | CANOPY GROWTH CO         | CUSIP: 138035704<br>LEI: 529900CSD7NH1UBC9X07 | Long             | EC               | CORP              | CA        |    100000 | NS      | $114000.00    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Brands, Inc.        | CONSTELLATION-A          | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      3500 | NS      | $482860.00    | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Core Natural Resources Inc.       | CORE NATURAL RES         | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     12000 | NS      | $1062120.00   | 2.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Cronos Group Inc                  | CRONOS GROUP INC         | CUSIP: 22717L101<br>LEI: 549300CWB04E8UOTWX71 | Long             | EC               | CORP              | CA        |    480000 | NS      | $1262400.00   | 2.44%             |  |  |  | No            | 1                  | On Loan: —       |
| Diageo PLC                        | DIAGEO PLC-ADR           | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     24500 | NS      | $2113615.00   | 4.09%             |  |  |  | No            | 1                  | On Loan: —       |
| DraftKings Inc.                   | DRAFTKINGS INC           | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     10000 | NS      | $344600.00    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                               | FIRST AM GOVT OB FD CL X | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Gaming and Leisure Properties Inc | GAMING AND LEISU         | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     28322 | NS      | $1265710.18   | 2.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Carlsberg A/S                     | CARLSBERG-B              | CUSIP: K36628137<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |     15000 | NS      | $1971255.67   | 3.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Hecla Mining Company              | HECLA MINING CO          | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    120000 | NS      | $2302800.00   | 4.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Howmet Aerospace Inc              | HOWMET AEROSPACE         | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      7000 | NS      | $1435140.00   | 2.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Pernod Ricard SA                  | PERNOD RICARD SA         | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     16500 | NS      | $1416999.53   | 2.74%             |  |  |  | No            | 1                  | On Loan: No      |
| JD.com Inc.                       | JD.COM INC-ADR           | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     15000 | NS      | $430500.00    | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Lockheed Martin Corporation       | LOCKHEED MARTIN          | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2000 | NS      | $967340.00    | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| MGM Resorts International         | MGM RESORTS INTE         | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     15000 | NS      | $547350.00    | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Marvell Technology Inc            | MARVELL TECHNOLO         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $849800.00    | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Galaxy Entertainment Group Ltd.   | GALAXY ENTERTAIN         | CUSIP: Y2679D118<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    305000 | NS      | $1501737.18   | 2.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Northrop Grumman Corporation      | NORTHROP GRUMMAN         | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      4000 | NS      | $2280840.00   | 4.41%             |  |  |  | No            | 1                  | On Loan: No      |
| PENN Entertainment Inc            | PENN ENTERTAINME         | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $516250.00    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc.  | PHILIP MORRIS IN         | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     21500 | NS      | $3448600.00   | 6.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Poet Technologies Inc             | POET TECHNOLOGIE         | CUSIP: 73044W302<br>LEI: 529900HTWKO62IAAQD05 | Long             | EC               | CORP              | CA        |    100000 | NS      | $633000.00    | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| RTX Corp.                         | RTX CORP                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     18458 | NS      | $3385197.20   | 6.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.   | REGENERON PHARM          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       500 | NS      | $385935.00    | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Heineken N.V.                     | HEINEKEN NV              | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     30000 | NS      | $2457941.73   | 4.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Tesla Inc                         | TESLA INC                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      2000 | NS      | $899440.00    | 1.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Wynn Macau Ltd.                   | WYNN MACAU LTD           | CUSIP: G98149100<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | EC               | CORP              | KY        |    474600 | NS      | $362228.63    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Sands China Ltd.                  | SANDS CHINA LTD          | CUSIP: G7800X107<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |    300000 | NS      | $755519.92    | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution AB                      | EVOLUTION AB             | CUSIP: W3287P115<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |     22500 | NS      | $1539157.52   | 2.98%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Flutter Entertainment PLC         | FLUTTER ENTER-DI         | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      5000 | NS      | $1075200.00   | 2.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Gambling.Com Group Limited        | GAMBLING.COM GRO         | CUSIP: G3R239101<br>LEI: 254900PUNXQ3N26IMU63 | Long             | EC               | CORP              | JE        |     75000 | NS      | $409500.00    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Northern Lights Fund Trust IV

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer