# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0000910472-25-002724
**Filing Date:** 2025-10
**Character Count:** 47953
**Document Hash:** b7377cdc330ae209dcfead5037270add
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002724.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002724

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**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:** 251430859

**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

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

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

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.8%** |  |
|  | **AEROSPACE & DEFENSE - 0.9%** |  |
| 2975 | HEICO Corporation | &nbsp;&nbsp;&nbsp; $928260 |
|  | **ASSET MANAGEMENT - 3.4%** |  |
| 21658 | Federated Hermes, Inc. | &nbsp;&nbsp;&nbsp; 1150040 |
| 7497 | Futu Holdings Ltd. - ADR | &nbsp;&nbsp;&nbsp; 1391443 |
| 65926 | Patria Investments Ltd. | &nbsp;&nbsp;&nbsp; 892638 |
|  |  | &nbsp;&nbsp; 3434121 |
|  | **AUTOMOTIVE - 1.1%** |  |
| 29869 | Standard Motor Products, Inc. | &nbsp;&nbsp;&nbsp; 1159216 |
|  | **BANKING - 7.3%** |  |
| 23800 | Bank7 Corporation | &nbsp;&nbsp;&nbsp; 1180717 |
| 24871 | Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp; 1090842 |
| 4165 | Credicorp Ltd. | &nbsp;&nbsp;&nbsp; 1071238 |
| 121618 | Inter & Company, Inc. | &nbsp;&nbsp;&nbsp; 1044699 |
| 41293 | Northeast Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 931157 |
| 10472 | Northrim BanCorp, Inc. | &nbsp;&nbsp;&nbsp; 984682 |
| 8806 | Popular, Inc. | &nbsp;&nbsp;&nbsp; 1106386 |
|  |  | &nbsp;&nbsp; 7409721 |
|  | **BIOTECH & PHARMA - 2.6%** |  |
| 39865 | Catalyst Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 820820 |
| 22134 | Exelixis, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 828254 |
| 26180 | Royalty Pharma plc, Class A | &nbsp;&nbsp;&nbsp; 941957 |
|  |  | &nbsp;&nbsp; 2591031 |
|  | **CHEMICALS - 0.8%** |  |
| 9163 | CF Industries Holdings, Inc. | &nbsp;&nbsp;&nbsp; 793791 |
|  | **COMMERCIAL SUPPORT SERVICES - 2.8%** |  |
| 171955 | Quad/Graphics, Inc. | &nbsp;&nbsp;&nbsp; 1145220 |
| 15589 | Willdan Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1712608 |
|  |  | &nbsp;&nbsp; 2857828 |
|  | **CONSUMER SERVICES - 2.5%** |  |
| 20587 | Carriage Services, Inc. | &nbsp;&nbsp;&nbsp; 901299 |
| 28798 | Perdoceo Education Corporation | &nbsp;&nbsp;&nbsp; 942846 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.8% (Continued)** |  |
|  | **CONSUMER SERVICES - 2.5% (Continued)** |  |
| 27489 | Universal Technical Institute, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $730933 |
|  |  | &nbsp;&nbsp; 2575078 |
|  | **E-COMMERCE DISCRETIONARY - 0.9%** |  |
| 381 | MercadoLibre, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 942179 |
|  | **ELECTRIC UTILITIES - 1.7%** |  |
| 28679 | Clearway Energy, Inc., Class C | &nbsp;&nbsp;&nbsp; 854921 |
| 5950 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 866082 |
|  |  | &nbsp;&nbsp; 1721003 |
|  | **ELECTRICAL EQUIPMENT - 5.3%** |  |
| 9758 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 1062256 |
| 6426 | BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp; 1041269 |
| 7378 | Itron, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 907051 |
| 5117 | Powell Industries, Inc. | &nbsp;&nbsp;&nbsp; 1361941 |
| 7735 | Vertiv Holdings Company | &nbsp;&nbsp;&nbsp; 986599 |
|  |  | &nbsp;&nbsp; 5359116 |
|  | **ENGINEERING & CONSTRUCTION - 5.5%** |  |
| 1785 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp; 1255533 |
| 8687 | Construction Partners, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1041571 |
| 15946 | Frontdoor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 968720 |
| 77826 | Great Lakes Dredge & Dock Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 907451 |
| 12138 | Primoris Services Corporation | &nbsp;&nbsp;&nbsp; 1438959 |
|  |  | &nbsp;&nbsp; 5612234 |
|  | **FOOD - 2.7%** |  |
| 19873 | Pilgrim's Pride Corporation | &nbsp;&nbsp;&nbsp; 883355 |
| 8092 | Post Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 915610 |
| 16779 | Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp; 952711 |
|  |  | &nbsp;&nbsp; 2751676 |
|  | **GAS & WATER UTILITIES - 0.9%** |  |
| 25228 | UGI Corporation | &nbsp;&nbsp;&nbsp; 873898 |
|  | **HEALTH CARE FACILITIES & SERVICES - 5.1%** |  |
| 7616 | Encompass Health Corporation | &nbsp;&nbsp;&nbsp; 927324 |
| 68068 | Pediatrix Medical Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1171450 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.8% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 5.1% (Continued)** |  |
| 41293 | Premier, Inc., Class A | &nbsp;&nbsp;&nbsp; $1069489 |
| 5474 | Tenet Healthcare Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1009022 |
| 5355 | Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp; 972361 |
|  |  | &nbsp;&nbsp; 5149646 |
|  | **HEALTH CARE REIT - 1.0%** |  |
| 5950 | Welltower, Inc. | &nbsp;&nbsp;&nbsp; 1001266 |
|  | **INDUSTRIAL SUPPORT SERVICES - 1.3%** |  |
| 34629 | Global Industrials, Co. | &nbsp;&nbsp;&nbsp; 1292701 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.2%** |  |
| 5236 | Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp; 1043273 |
| 3198 | Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 199044 |
| 10829 | SEI Investments Company | &nbsp;&nbsp;&nbsp; 955984 |
|  |  | &nbsp;&nbsp; 2198301 |
|  | **INSURANCE - 2.6%** |  |
| 3570 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 882004 |
| 34867 | Universal Insurance Holdings, Inc. | &nbsp;&nbsp;&nbsp; 850406 |
| 12495 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; 895767 |
|  |  | &nbsp;&nbsp; 2628177 |
|  | **INTERNET MEDIA & SERVICES - 1.0%** |  |
| 67592 | Upwork, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1040241 |
|  | **LEISURE FACILITIES & SERVICES - 1.5%** |  |
| 20230 | BJ's Restaurants, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 678919 |
| 5117 | Brinker International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 798149 |
|  |  | &nbsp;&nbsp; 1477068 |
|  | **MACHINERY - 1.0%** |  |
| 19754 | Graham Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 968934 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.0%** |  |
| 3094 | Insulet Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1051590 |
| 3689 | ResMed, Inc. | &nbsp;&nbsp;&nbsp; 1012667 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.8% (Continued)** |  |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.0% (Continued)** |  |
| 3808 | STERIS PLC | &nbsp;&nbsp;&nbsp; $933188 |
|  |  | &nbsp;&nbsp; 2997445 |
|  | **METALS & MINING - 2.3%** |  |
| 43197 | Barrick Mining Corp. | &nbsp;&nbsp;&nbsp; 1150336 |
| 15589 | Newmont Corporation | &nbsp;&nbsp;&nbsp; 1159821 |
|  |  | &nbsp;&nbsp; 2310157 |
|  | **OIL & GAS PRODUCERS - 3.8%** |  |
| 3927 | Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp; 949627 |
| 8687 | DT Midstream, Inc. | &nbsp;&nbsp;&nbsp; 905012 |
| 15351 | EQT Corporation | &nbsp;&nbsp;&nbsp; 795796 |
| 33677 | Par Pacific Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1166571 |
|  |  | &nbsp;&nbsp; 3817006 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 3.0%** |  |
| 95200 | Expro Group Holdings N.V.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1187145 |
| 34034 | Natural Gas Services Group, Inc. | &nbsp;&nbsp;&nbsp; 890329 |
| 25823 | TechnipFMC plc | &nbsp;&nbsp;&nbsp; 949253 |
|  |  | &nbsp;&nbsp; 3026727 |
|  | **RETAIL - CONSUMER STAPLES - 0.8%** |  |
| 5593 | Sprouts Farmers Market, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 786040 |
|  | **RETAIL - DISCRETIONARY - 1.2%** |  |
| 2261 | Dillard's, Inc., Class A | &nbsp;&nbsp;&nbsp; 1204842 |
|  | **SEMICONDUCTORS - 3.0%** |  |
| 99246 | Himax Technologies, Inc. - ADR | &nbsp;&nbsp;&nbsp; 807862 |
| 21896 | Semtech Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1271939 |
| 4284 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | &nbsp;&nbsp;&nbsp; 989048 |
|  |  | &nbsp;&nbsp; 3068849 |
|  | **SOFTWARE - 5.0%** |  |
| 20349 | ACI Worldwide, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1004223 |
| 37009 | Clear Secure, Inc., Class A | &nbsp;&nbsp;&nbsp; 1343797 |
| 27489 | Digi International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 954418 |
| 74613 | UiPath, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 829697 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.8% (Continued)** |  |
|  | **SOFTWARE - 5.0% (Continued)** |  |
| 3332 | Veeva Systems, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $896974 |
|  |  | &nbsp;&nbsp; 5029109 |
|  | **SPECIALTY FINANCE - 1.1%** |  |
| 9282 | Enova International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1125907 |
|  | **STEEL - 0.9%** |  |
| 3570 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; 859942 |
|  | **TECHNOLOGY HARDWARE - 8.3%** |  |
| 64974 | Daktronics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1127298 |
| 17612 | Diebold Nixdorf, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1076269 |
| 19873 | Flex Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1065590 |
| 4641 | Garmin Ltd. | &nbsp;&nbsp;&nbsp; 1122287 |
| 4046 | InterDigital, Inc. | &nbsp;&nbsp;&nbsp; 1099339 |
| 33677 | NETGEAR, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 915004 |
| 38318 | NetScout Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 953735 |
| 24633 | TTM Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1097893 |
|  |  | &nbsp;&nbsp; 8457415 |
|  | **TECHNOLOGY SERVICES - 6.7%** |  |
| 2023 | CACI International, Inc., A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 970474 |
| 20230 | ExlService Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 885669 |
| 21539 | Genpact Ltd. | &nbsp;&nbsp;&nbsp; 976578 |
| 54383 | Magic Software Enterprises Ltd. | &nbsp;&nbsp;&nbsp; 1103975 |
| 13090 | MAXIMUS, Inc. | &nbsp;&nbsp;&nbsp; 1150873 |
| 43911 | Remitly Global, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 813671 |
| 54621 | TaskUS, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 956960 |
|  |  | &nbsp;&nbsp; 6858200 |
|  | **TELECOMMUNICATIONS - 2.9%** |  |
| 31654 | Iridium Communications, Inc. | &nbsp;&nbsp;&nbsp; 787868 |
| 55216 | Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1002723 |
| 27251 | Telephone and Data Systems, Inc. | &nbsp;&nbsp;&nbsp; 1092492 |
|  |  | &nbsp;&nbsp; 2883083 |
|  | **TRANSPORTATION & LOGISTICS - 2.8%** |  |
| 9758 | CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp; 1255854 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** | **INSPIRE FIDELIS MULTI FACTOR ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.8% (Continued)** |  |
|  | **TRANSPORTATION & LOGISTICS - 2.8% (Continued)** |  |
| 76398 | DHT Holdings, Inc. | &nbsp;&nbsp;&nbsp; $895385 |
| 51170 | ZIM Integrated Shipping Services Ltd. | &nbsp;&nbsp;&nbsp; 696424 |
|  |  | &nbsp;&nbsp; 2847663 |
|  | **WHOLESALE - DISCRETIONARY - 0.9%** |  |
| 12971 | ePlus, Inc. | &nbsp;&nbsp;&nbsp; 938711 |
|  | **TOTAL COMMON STOCKS (Cost $87,735,192)** | &nbsp;&nbsp; 100976582 |
|  | **TOTAL INVESTMENTS - 99.8% (Cost $87,735,192)** | &nbsp;&nbsp;&nbsp; $100976582 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2%** | &nbsp;&nbsp; 174147 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $101150729 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| LTD | - Limited Company |
| NV | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| <sup>(a)</sup> | Non-income producing security. |

---

## 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:** Inspire Fidelis Multi Factor ETF

- **b. EDGAR series identifier (if any):** S000076870

- **c. LEI of Series:** 549300KU6QBTDFVU2R86

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $101226627.03

**Total Liabilities:** $75898.24

**Net Assets:** $101150728.79

**Cash Not Reported:** $103102.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237005 | 5.58%                | 0.44%                | 6.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3593528.00              | $1009094.82                                |
| Month 2  | $0.00                    | $383482.08                                 |
| Month 3  | $0.00                    | $6055476.97                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Credicorp Ltd.                               | CREDICORP LTD     | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      4165 | NS      | $1071238.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Gas Services Group Inc.              | NATURAL GAS SERV  | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34034 | NS      | $890329.44    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                           | ROYALTY PHARMA-A  | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     26180 | NS      | $941956.40    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS Restaurants In                           | BJ'S RESTAURANTS  | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     20230 | NS      | $678918.80    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                   | GARMIN LTD        | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      4641 | NS      | $1122286.62   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                   | HEICO CORP        | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      2975 | NS      | $928259.50    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                | FRONTDOOR INC     | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     15946 | NS      | $968719.50    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                                 | GENPACT LTD       | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     21539 | NS      | $976578.26    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                             | NRG ENERGY        | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      5950 | NS      | $866082.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Community Bancorp Inc              | NORTHEAST COMMUN  | CUSIP: 664121100<br>LEI: 5493007BRYL8596Q9L26 | Long             | EC               | CORP              | US        |     41293 | NS      | $931157.15    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Eplus Inc                                    | EPLUS INC         | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     12971 | NS      | $938711.27    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                             | WELLTOWER INC     | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |      5950 | NS      | $1001266.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                  | SPROUTS FARMERS   | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      5593 | NS      | $786040.22    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute, Inc.          | UNIVERSAL TECHNI  | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     27489 | NS      | $730932.51    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                                  | PREMIER INC-CL A  | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41293 | NS      | $1069488.70   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                  | ITRON INC         | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      7378 | NS      | $907051.32    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                            | ACI WORLDWIDE IN  | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     20349 | NS      | $1004223.15   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                           | POST HOLDINGS IN  | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      8092 | NS      | $915609.80    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                      | CACI INTL-A       | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      2023 | NS      | $970473.56    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide Inc                  | CH ROBINSON       | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      9758 | NS      | $1255854.60   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                 | CF INDUSTRIES HO  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      9163 | NS      | $793790.69    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation                     | WR BERKLEY CORP   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     12495 | NS      | $895766.55    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                         | BARRICK MINING C  | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     43197 | NS      | $1150336.11   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings Inc             | UNIVERSAL INSURA  | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |     34867 | NS      | $850406.13    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                               | EXELIXIS INC      | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     22134 | NS      | $828254.28    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | VERTIV HOLDING-A  | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      7735 | NS      | $986599.25    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Netgear Inc                                  | NETGEAR INC       | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |     33677 | NS      | $915004.09    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                     | COMFORT SYSTEMS   | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1785 | NS      | $1255533.30   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                        | BWX TECHNOLOGIES  | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      6426 | NS      | $1041269.04   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                          | NEWMONT CORP      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     15589 | NS      | $1159821.60   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                  | RESMED INC        | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      3689 | NS      | $1012667.39   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                          | CHENIERE ENERGY   | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      3927 | NS      | $949627.14    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                          | INSULET CORP      | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      3094 | NS      | $1051588.72   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.                | STANDARD MOTOR    | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     29869 | NS      | $1159215.89   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                           | SEI INVESTMENTS   | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     10829 | NS      | $955984.12    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                          | SEMTECH CORP      | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     21896 | NS      | $1271938.64   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                         | AMPHENOL CORP-A   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      9758 | NS      | $1062255.88   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Himax Technologies Inc.                      | HIMAX TECHNO-ADR  | CUSIP: 43289P106<br>LEI: 529900Z6XWS79D8T1X09 | Long             | EC               | CORP              | KY        |     99246 | NS      | $807862.44    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.              | UNIVERSAL HLTH-B  | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      5355 | NS      | $972360.90    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                  | GRAHAM CORP       | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |     19754 | NS      | $968933.70    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                            | TYSON FOODS-A     | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     16779 | NS      | $952711.62    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrims Pride Corporation                   | PILGRIM'S PRIDE   | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     19873 | NS      | $883354.85    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMIC-ADR  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4284 | NS      | $989047.08    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Daktronics Inc.                              | DAKTRONICS INC    | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     64974 | NS      | $1127298.90   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIM Integrated Shipping Services Ltd         | ZIM INTEGRATED S  | CUSIP: M9T951109<br>LEI: 21380089EIJRELKAIL21 | Long             | EC               | CORP              | IL        |     51170 | NS      | $696423.70    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.                | CATALYST PHARMAC  | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     39865 | NS      | $820820.35    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc.                      | DIGI INTL INC     | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     27489 | NS      | $954418.08    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications, Inc.                 | IRIDIUM COMMUNIC  | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     31654 | NS      | $787868.06    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc.                   | CONSTRUCTION P-A  | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |      8687 | NS      | $1041571.30   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diebold Nixdorf Incorporated                 | DIEBOLD NIXDORF   | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |     17612 | NS      | $1076269.32   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc.                           | WILLDAN GROUP IN  | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |     15589 | NS      | $1712607.54   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation                 | ENCOMPASS HEALTH  | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      7616 | NS      | $927324.16    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillards, Inc.                               | DILLARDS INC-A    | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |      2261 | NS      | $1204841.68   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank7 Corp                                   | BANK7 CORP        | CUSIP: 06652N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23800 | NS      | $1180718.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Carriage Services, Inc.                      | CARRIAGE SERVICE  | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20587 | NS      | $901298.86    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                           | INTERDIGITAL INC  | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      4046 | NS      | $1099338.66   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation             | CARPENTER TECH    | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      3570 | NS      | $859941.60    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                             | DT MIDSTREAM      | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8687 | NS      | $905011.66    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | VEEVA SYSTEMS-A   | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      3332 | NS      | $896974.40    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                | INTERACTIVE BROK  | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      3198 | NS      | $199043.52    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                  | MAXIMUS INC       | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     13090 | NS      | $1150872.80   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV                      | EXPRO GROUP HOLD  | CUSIP: N3144W105<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |     95200 | NS      | $1187144.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spok Hldgs Inc                               | SPOK HOLDINGS IN  | CUSIP: 84863T106<br>LEI: 549300HXXANIVN2ICC89 | Long             | EC               | CORP              | US        |     55216 | NS      | $1002722.56   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                       | POWELL INDS INC   | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      5117 | NS      | $1361940.72   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                               | TECHNIPFMC PLC    | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     25823 | NS      | $949253.48    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                  | BRINKER INTL      | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |      5117 | NS      | $798149.66    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp.                     | PERDOCEO EDUCATI  | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     28798 | NS      | $942846.52    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                      | PRIMORIS SERVICE  | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     12138 | NS      | $1438959.90   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                         | TTM TECHNOLOGIES  | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     24633 | NS      | $1097892.81   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                    | FLEX LTD          | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     19873 | NS      | $1065590.26   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corporation        | GREAT LAKES DRED  | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |     77826 | NS      | $907451.16    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc                  | PEDIATRIX MEDICA  | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68068 | NS      | $1171450.28   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                   | UPWORK INC        | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     67592 | NS      | $1040240.88   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc.                        | NORTHRIM BANCORP  | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     10472 | NS      | $984682.16    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                              | EQT CORP          | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     15351 | NS      | $795795.84    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                          | HOULIHAN LOKEY I  | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      5236 | NS      | $1043273.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                 | TENET HEALTHCARE  | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      5474 | NS      | $1009022.42   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Company                    | GLOBAL INDUSTRIA  | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |     34629 | NS      | $1292700.57   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Magic Software Enterprises Ltd.              | MAGIC SOFTWARE    | CUSIP: 559166103<br>LEI: 529900PT36UHAIVEFN60 | Long             | EC               | CORP              | IL        |     54383 | NS      | $1103974.90   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Patria Investments Limited                   | PATRIA INVESTM-A  | CUSIP: G69451105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65926 | NS      | $892638.04    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc.                     | ENOVA INTERNATIO  | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      9282 | NS      | $1125906.60   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                         | FEDERATED HERMES  | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     21658 | NS      | $1150039.80   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT Holdings Inc.                            | DHT HOLDINGS INC  | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |     76398 | NS      | $895384.56    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                   | STERIS PLC        | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      3808 | NS      | $933188.48    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                             | MERCADOLIBRE INC  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       381 | NS      | $942178.71    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                  | PROGRESSIVE CORP  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      3570 | NS      | $882004.20    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.                   | PAR PACIFIC HOLD  | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     33677 | NS      | $1166571.28   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc.              | TELEPHONE & DATA  | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27251 | NS      | $1092492.59   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter & Co Inc.                              | INTER & CO INC    | CUSIP: G4R20B107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    121618 | NS      | $1044698.62   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Remitly Global Inc.                          | REMIT GLOBAL INC  | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43911 | NS      | $813670.83    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                     | UGI CORP          | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     25228 | NS      | $873897.92    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc.                 | CAP CITY BANK     | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |     24871 | NS      | $1090842.06   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                          | CLEARWAY ENERG-C  | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     28679 | NS      | $854920.99    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc.                                  | UIPATH INC -CL A  | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     74613 | NS      | $829696.56    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                | POPULAR INC       | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      8806 | NS      | $1106385.84   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSCOUT Systems Inc.                        | NETSCOUT SYSTEMS  | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     38318 | NS      | $953735.02    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd.                           | FUTU HOLDING-ADR  | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |      7497 | NS      | $1391443.20   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc.                     | EXLSERVICE HOLDI  | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     20230 | NS      | $885669.40    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TaskUs Inc                                   | TASKUS INC-A      | CUSIP: 87652V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54621 | NS      | $956959.92    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Quad/Graphics Inc.                           | QUAD GRAPHICS INC | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |    171955 | NS      | $1145220.30   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                             | CLEAR SECURE I-A  | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37009 | NS      | $1343796.79   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

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

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer