# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0001752724-25-138028
**Filing Date:** 2025-6
**Character Count:** 45084
**Document Hash:** ba2ba215674b521bf01b6c8e6dfcf16c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-138028.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001752724-25-138028

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**EFFECTIVENESS DATE**: 20250613

**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:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23066
- **FILM NUMBER:** 251045425

**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

### Anchor Risk Managed Income Strategies Fund (Series ID: S000050435)

| Class ID   | Class Name                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000159233 | Anchor Risk Managed Income Strategies Fund Advisor Class Shares       | ATCAX           |
| C000161918 | Anchor Risk Managed Income Strategies Fund Institutional Class Shares | ATCSX           |

### Main BuyWrite Fund (Series ID: S000052164)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000164162 | Main BuyWrite Fund Class A Shares |  |
| C000164163 | Main BuyWrite Fund Class C Shares |  |
| C000164164 | Main BuyWrite Fund Class I Shares | BUYWX           |

### Measured Risk Strategy Fund (Series ID: S000052165)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000164165 | Measured Risk Strategy Fund Class A Shares | MRPAX           |
| C000164166 | Measured Risk Strategy Fund Class I Shares | MRPIX           |

### Moerus Worldwide Value Fund (Series ID: S000053886)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000169568 | Moerus Worldwide Value Fund Class N             | MOWNX           |
| C000169569 | Moerus Worldwide Value Fund Institutional Class | MOWIX           |

### LGM Risk Managed Total Return Fund (Series ID: S000054990)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000172959 | LGM Risk Managed Total Return Fund Institutional Class | LBETX           |
| C000172960 | LGM Risk Managed Total Return Fund Investor Class      | LBTTX           |

### Anchor Risk Managed Equity Strategies Fund (Series ID: S000055029)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000173045 | Anchor Risk Managed Equity Strategies Fund Institutional Class | ATESX           |
| C000173046 | Anchor Risk Managed Equity Strategies Fund Advisor Class       | ATEAX           |

### Anchor Risk Managed Municipal Strategies Fund (Series ID: S000055030)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000173047 | Anchor Risk Managed Municipal Strategies Fund Institutional Class | ATMSX           |
| C000173048 | Anchor Risk Managed Municipal Strategies Fund Advisor Class       | ATAMX           |

### Anchor Tactical Real Estate Fund (Series ID: S000055031)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000173049 | Anchor Tactical Real Estate Fund Institutional Class | ARESX           |
| C000173050 | Anchor Tactical Real Estate Fund Investor Class      | ATREX           |

### QuantX Risk Managed Growth ETF (Series ID: S000055663)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000175196 | QuantX Risk Managed Growth ETF | QXGG            |

### QUANTX Risk Managed Multi-Asset Income ETF (Series ID: S000055664)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000175197 | QUANTX Risk Managed Multi-Asset Income ETF |  |

### QUANTX Risk Managed Multi-Asset Total Return ETF (Series ID: S000055665)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000175198 | QUANTX Risk Managed Multi-Asset Total Return ETF | QXTR            |

### QuantX Risk Managed Real Return ETF (Series ID: S000055666)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000175199 | QuantX Risk Managed Real Return ETF |  |

### QuantX Dynamic Beta US Equity ETF (Series ID: S000055667)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000175200 | QuantX Dynamic Beta US Equity ETF | XUSA            |

### Formula Folios Hedged Growth ETF (Series ID: S000056066)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000176629 | Formula Folios Hedged Growth ETF | FFHG            |

### FormulaFolios Tactical Income ETF (Series ID: S000056067)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000176630 | FormulaFolios Tactical Income ETF | FFTI            |

### Inspire Corporate Bond ETF (Series ID: S000056116)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000176728 | Inspire Corporate Bond ETF | IBD             |

### Inspire Global Hope ETF (Series ID: S000056117)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000176729 | Inspire Global Hope ETF | BLES            |

### Inspire Small/Mid Cap ETF (Series ID: S000056118)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000176730 | Inspire Small/Mid Cap ETF | ISMD            |

### Main Sector Rotation ETF (Series ID: S000058154)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000190408 | Main Sector Rotation ETF | SECT            |

### FormulaFolios Smart Growth ETF (Series ID: S000059209)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000194007 | FormulaFolios Smart Growth ETF | FFSG            |

### FormulaFolios Tactical Growth ETF (Series ID: S000059210)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000194008 | FormulaFolios Tactical Growth ETF | FFTG            |

### IQ-Striquer Fund (Series ID: S000059240)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000194410 | IQ-Striquer Fund Class A Shares | IQSAX           |
| C000194411 | IQ-Striquer Fund Class C Shares |  |
| C000194412 | IQ-Striquer Fund Class I Shares | IQSIX           |

### Sage ESG Intermediate Credit ETF (Series ID: S000059266)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000194577 | Sage ESG Intermediate Credit ETF | GUDB            |

### Inspire 100 ETF (Series ID: S000059335)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000194706 | Inspire 100 ETF | BIBL            |

### FormulaFolios Flexible Income ETF (Series ID: S000063240)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000205111 | FormulaFolios Flexible Income ETF |  |

### FormulaFolios Sector Rotation ETF (Series ID: S000063241)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000205112 | FormulaFolios Sector Rotation ETF |  |

### Anchor Risk Managed Global Strategies Fund (Series ID: S000064073)

| Class ID   | Class Name                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000207215 | Anchor Risk Managed Global Strategies Fund Institutional Class Shares | ATGSX           |
| C000207216 | Anchor Risk Managed Global Strategies Fund Advisor Class              | ATAGX           |

### Inspire International ETF (Series ID: S000066581)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000214760 | Inspire International ETF | WWJD            |

### Inspire Tactical Balanced ETF (Series ID: S000068946)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000220340 | Inspire Tactical Balanced ETF | RISN            |

### Sterling Capital Focus Equity ETF (Series ID: S000068966)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000220403 | Sterling Capital Focus Equity ETF | LCG             |

### Inspire Faithward Large Cap Momentum ESG ETF (Series ID: S000070124)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000223047 | Inspire Faithward Large Cap Momentum ESG ETF | FEVR            |

### Inspire Momentum ETF (Series ID: S000070125)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000223048 | Inspire Momentum ETF | GLRY            |

### USA Mutuals All Seasons Fund (Series ID: S000070209)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000223272 | USA Mutuals All Seasons Fund Institutional Class | UNAVX           |
| C000223273 | USA Mutuals All Seasons Fund Class Z             | ZNAVX           |

### 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           |

### Main Thematic Innovation ETF (Series ID: S000070451)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000223946 | Main Thematic Innovation ETF | TMAT            |

### Monarch Ambassador Income Index ETF (Series ID: S000071242)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000226137 | Monarch Ambassador Income Index ETF | MAMB            |

### Monarch Blue Chips Core Index ETF (Series ID: S000071243)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000226138 | Monarch Blue Chips Core Index ETF | MBCC            |

### Monarch ProCap Index ETF (Series ID: S000071244)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000226139 | Monarch ProCap Index ETF | MPRO            |

### Main International ETF (Series ID: S000072613)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000228990 | Main International ETF | INTL            |

### Sterling Capital Diverse Multi-Manager Active ETF (Series ID: S000074383)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000232235 | Sterling Capital Diverse Multi-Manager Active ETF | DEIF            |

### FM Focus Equity ETF (Series ID: S000074624)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000232649 | FM Focus Equity ETF | FMCX            |

### Copper Place Global Dividend Growth ETF (Series ID: S000075613)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000234834 | Copper Place Global Dividend Growth ETF | GDVD            |

### Inspire Fidelis Multi Factor ETF (Series ID: S000076870)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000237005 | Inspire Fidelis Multi Factor ETF | FDLS            |

### Main BuyWrite ETF (Series ID: S000077243)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000237474 | Main BuyWrite ETF | BUYW            |

### Inverse Cramer Tracker ETF (Series ID: S000079232)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000240193 | Inverse Cramer Tracker ETF | SJIM            |

### Long Cramer Tracker ETF (Series ID: S000079233)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000240194 | Long Cramer Tracker ETF | LJIM            |

### Fulcrum Diversified Absolute Return Fund (Series ID: S000079520)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000240582 | Fulcrum Diversified Absolute Return Fund Super Institutional Class | FARYX           |
| C000240583 | Fulcrum Diversified Absolute Return Fund Advisor Class             | FARAX           |
| C000240584 | Fulcrum Diversified Absolute Return Fund Institutional Class       | FARIX           |

### National Security Emerging Markets Index ETF (Series ID: S000079901)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000241373 | National Security Emerging Markets Index ETF | NSI             |

### Brookstone Active ETF (Series ID: S000081760)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000244754 | Brookstone Active ETF |  |

### Brookstone Dividend Stock ETF (Series ID: S000081761)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000244755 | Brookstone Dividend Stock ETF |  |

### Brookstone Growth Stock ETF (Series ID: S000081762)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000244756 | Brookstone Growth Stock ETF |  |

### Brookstone Intermediate Bond ETF (Series ID: S000081763)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000244757 | Brookstone Intermediate Bond ETF |  |

### Brookstone Opportunities ETF (Series ID: S000081764)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000244758 | Brookstone Opportunities ETF |  |

### Brookstone Ultra-Short Bond ETF (Series ID: S000081765)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000244759 | Brookstone Ultra-Short Bond ETF |  |

### Brookstone Value Stock ETF (Series ID: S000081766)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000244760 | Brookstone Value Stock ETF |  |

### Brookstone Yield ETF (Series ID: S000081767)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000244761 | Brookstone Yield ETF |  |

### Monarch Dividend Plus Index ETF (Series ID: S000083387)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000246990 | Monarch Dividend Plus Index ETF | MDPL            |

### Monarch Select Subsector Index ETF (Series ID: S000083388)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000246991 | Monarch Select Subsector Index ETF | MSSS            |

### Monarch Volume Factor Dividend Tree Index ETF (Series ID: S000083389)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000246992 | Monarch Volume Factor Dividend Tree Index ETF | MVFD            |

### Monarch Volume Factor Global Unconstrained Index ETF (Series ID: S000083390)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000246993 | Monarch Volume Factor Global Unconstrained Index ETF | MVFG            |

### Inspire 500 ETF (Series ID: S000084295)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000248596 | Inspire 500 ETF | PTL             |

### Inspire Short Term Bond ETF (Series ID: S000084296)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000248597 | Inspire Short Term Bond ETF |  |

### FM Compounders Equity ETF (Series ID: S000088455)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000254728 | FM Compounders Equity ETF | FMCE            |

## Internal

```

REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM

Shareholders and Board of Trustees
Northern Lights Fund Trust IV
80 Arkay Drive, Suite 110
Hauppauge, NY 11788

In planning and performing our audit of the financial
statements of USA Mutuals All Seasons Fund and USA
Mutuals Vice Fund (the "Funds"), each a series of
Northern Lights Fund Trust IV as of and for the year
ended March 31, 2025, in accordance with the standards
of the Public Company Accounting Oversight Board
(United States), 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 company'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.  A company'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 company; (2) provide
reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements
in  accordance  with  generally  accepted  accounting
principles,  and  that  receipts  and expenditures of the
company are being made only in accordance with
authorizations of management and directors of the
company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized
acquisition, use or disposition of a company's 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
Public Company Accounting Oversight Board (United
States).  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 material weaknesses as defined above as of
March 31, 2025.

This report is intended solely for the information and use
of management, the Board of Trustees of the 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.

/s/ TAIT, WELLER & BAKER LLP
Philadelphia, Pennsylvania
May 30, 2025

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001644419

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-03-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Northern Lights Fund Trust IV

- **Item B.1.b - Investment Company Act file number:** 811-23066

- **Item B.1.c - CIK:** 0001644419

- **Item B.1.d - LEI:** 549300UIBIHXQ3PDEC28

- **Item B.2.a - Street 1:** 225 Pictoria Drive, Suite 450

- **Item B.2.b - City:** Cincinnati

- **Item B.2.c - State:** OH

- **Item B.2.e - Zip Code:** 45246

- **Item B.2.f - Telephone:** 631-470-2600

- **Item B.2.g - Public Website:** https://www.ultimusfundsolutions.com/

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Ultimus Fund Solutions, LLC

- **b. Street 1:** 225 Pictoria Drive

- **c. City:** Cincinnatti

- **d. State, if applicable:** OH

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 45246

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

- **h. Briefly describe the books and records kept at this location:** Records related to its function as administrator, transfer agent and accounting agent

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 40

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name           | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| Charles Ranson | No                      | 811-22756                               |
| Joseph Breslin | No                      | 811-22865, 811-09303                    |
| Thomas Sarkany | No                      | 811-22638, 811-22549, 811-22624         |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** James Ash

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 17605 Wright Street

- **d. City:** Omaha

- **e. State, if applicable:** NE

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 68130

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a - Did the Registrant rely on any exemptive orders from the Commission?:** No

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Northern Lights Distributors, LLC

- **ii. SEC file number:** 8-065857

- **iii. CRD number:** 000126159

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NE

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Tait Weller & Baker LLP

- **b. PCAOB Number:** 445

- **c. LEI, if any:** N/A

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - USA Mutuals All Seasons Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** USA Mutuals All Seasons Fund

- **b. Series identification number, if any:** S000070209

- **c. LEI:** 549300CS0EIS27ZLBG68

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                            | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | USA Mutuals All Seasons Fund Institutional Class | C000223272                                | UNAVX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** USA Mutuals Advisors, Inc.

- **ii. SEC file number:** 801-63216

- **iii. CRD number:** 000131750

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** TX

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions LLC

- **ii. SEC file number:** 84-05829

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** OH

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Refinitiv

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions LLC

- **ii. LEI, if any:** 84-05829

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Ultimus Fund Solutions LLC

- **ii. LEI, if any, or other identifying number:** 84-05829

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| ADM Investor Services | N/A               |    000031973 | I9O8MELCUVOTLJABOX92 | IL      | US        | $30,194,310.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $30,194,310.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $27,158,597.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - USA Mutuals Vice Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** USA Mutuals Vice Fund

- **b. Series identification number, if any:** S000070210

- **c. LEI:** 549300GX5CPIZQ5PDX31

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                     | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | USA Mutuals Vice Fund Investor Class      | C000223276                                | VICEX                        |
|                           2 | USA Mutuals Vice Fund Class C             | C000223277                                | VICCX                        |
|                           3 | USA Mutuals Vice Fund Institutional Class | C000223275                                | VICVX                        |
|                           4 | USA Mutuals Vice Fund Class A             | C000223274                                | VICAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $718,205.00

- **g. Provide the net income from securities lending activities:** $3,607.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** USA Mutuals Advisors, Inc.

- **ii. SEC file number:** 801-63216

- **iii. CRD number:** 000131750

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** TX

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions LLC

- **ii. SEC file number:** 84-05829

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** OH

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Refinitiv

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions LLC

- **ii. LEI, if any:** 84-05829

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Ultimus Fund Solutions LLC

- **ii. LEI, if any, or other identifying number:** 84-05829

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Morgan Stanley Smith Barney

- **ii. SEC file number:** 8-68191

- **iii. CRD number:** 000149777

- **iv. LEI, if any:** 7PDDXEMZ0ZV0CEDU4D16

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,632.00

**Aggregate Commission:** $35,632.00

**Item C.17.a. Principal transaction counterparties.**

| Name                    | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| ADM Investor Securities | N/A               |    000031973 | I9O8MELCUVOTLJABOX92 | IL      | US        | $1,333.00                 |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,333.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $55,379,837.00

- **Item C.19.b - Money market fund's daily average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $5,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Northern Lights Fund Trust IV

**Date:** 2023-06-09

**Signature:** Sam Singh

**Title:** Treasurer