# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0001752724-25-182588
**Filing Date:** 2025-7
**Character Count:** 71603
**Document Hash:** 5ee20e95b9ecc2e41fab2c5a6fea5b16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182588.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182588

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**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:** 251161411

**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 International ETF (Series ID: S000066581)

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

## 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 International ETF

- **b. EDGAR series identifier (if any):** S000066581

- **c. LEI of Series:** 54930018PPEXQLQ0LS23

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

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

- **b. Date as of which information is reported:** 2025-05-31

**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:** $333587640.51

**Total Liabilities:** $4367723.07

**Net Assets:** $329219917.44

**Cash Not Reported:** $1158852.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214760 | 1.35%                | 4.84%                | 4.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $3180832.88                                |
| Month 2  | $3575405.95              | $8838324.03                                |
| Month 3  | $-244590.37              | $11761876.43                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A                                           | Fidelity Money Market Government Portfolio | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Sse PLC                                       | SSE PLC                                    | CUSIP: G8842P102<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     72600 | NS      | $1722562.65   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Icon PLC                                      | ICON PLC                                   | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      8544 | NS      | $1113112.32   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| RIO Tinto Limited                             | RIO TINTO LTD                              | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     20718 | NS      | $1504311.60   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Prosus NV                                     | PROSUS NV                                  | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     32465 | NS      | $1666005.90   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| BOC Hong Kong (Holdings) Ltd.                 | BOC HONG KONG                              | CUSIP: Y0920U103<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |    373728 | NS      | $1577641.42   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Transurban Group                              | TRANSURBAN GROUP                           | CUSIP: Q9194A106<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    178697 | NS      | $1633103.54   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Cencosud S.A.                                 | CENCOSUD SA                                | CUSIP: P2205J100<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |    490847 | NS      | $1690958.91   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonova Holding AG                             | SONOVA HOLDING A                           | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      5155 | NS      | $1614050.78   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrari N V                                   | FERRARI NV                                 | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      3517 | NS      | $1683798.92   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| New World Development Co Ltd.                 | NEW WORLD DEV                              | CUSIP: Y6266R109<br>LEI: 2549008GWMWXTIRL4S48 | Long             | EC               | CORP              | HK        |   2359323 | NS      | $1441277.42   | 0.44%             |  |  |  | No            | 1                  | On Loan: —       |
| Kion Group AG                                 | KION GROUP AG                              | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     36612 | NS      | $1700080.38   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| BB Seguridade Participacoes SA                | BB SEGURIDADE PA                           | CUSIP: P1R1WJ103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    211793 | NS      | $1394578.18   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Standard Bank Group Ltd.                      | STANDARD BANK GR                           | CUSIP: S80605140<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |    117646 | NS      | $1525863.34   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Bimbo S.A.B de C.V.                     | GRUPO BIMBO-A                              | CUSIP: P4949B104<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |    558452 | NS      | $1561803.53   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Alfa Laval AB                                 | ALFA LAVAL AB                              | CUSIP: W04008152<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |     35546 | NS      | $1511887.22   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung SDI Co Ltd.                           | SAMSUNG SDI CO                             | CUSIP: Y74866107<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     11902 | NS      | $1455994.41   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Celltrion Inc                                 | CELLTRION INC                              | CUSIP: Y1242A106<br>LEI: 988400JFZG785WJX3D68 | Long             | EC               | CORP              | KR        |     13031 | NS      | $1519545.58   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| BIM Birlesik Magaz                            | BIM                                        | CUSIP: M2014F102<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |    123793 | NS      | $1502438.00   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Antofagasta PLC                               | ANTOFAGASTA PLC                            | CUSIP: G0398N128<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |     70160 | NS      | $1673649.69   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential PLC                                | Prudential PLC                             | CUSIP: G72899100<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    140069 | NS      | $1594318.12   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Fairfax Financial Holdings Limited            | FAIRFAX FINL HLD                           | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1034 | NS      | $1759140.22   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Suzano S A                                    | SUZANO SA                                  | CUSIP: P8T20U187<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |    161215 | NS      | $1396882.93   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Hermes International                          | HERMES INTL                                | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       577 | NS      | $1590549.50   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| WSP Global Inc                                | WSP Global Inc                             | CUSIP: 92938W202<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | EC               | CORP              | CA        |      8806 | NS      | $1804212.12   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Julius Baer Group AG                          | JULIUS BAER GROU                           | CUSIP: H4414N103<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     22558 | NS      | $1483887.74   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| KBC Group NV                                  | KBC GROUP                                  | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     16906 | NS      | $1669102.82   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Tryg AS                                       | TRYG A/S                                   | CUSIP: K9640A110<br>LEI: 213800ZRS8AC4LSTCE39 | Long             | EC               | CORP              | DK        |     63503 | NS      | $1631791.92   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| UCB SA                                        | UCB SA                                     | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      8549 | NS      | $1551981.27   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Enel Americas SA                              | ENEL AMERICAS SA                           | CUSIP: P37186106<br>LEI: 549300LKH11TFCJLZK20 | Long             | EC               | CORP              | CL        |  15640985 | NS      | $1459801.00   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP SA                                        | EDP                                        | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    464176 | NS      | $1849747.68   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Mahindra & Mahindra Ltd.                      | MAHINDRA & M-GDR                           | CUSIP: Y54164119<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     48229 | NS      | $1654254.70   | 0.50%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Givaudan SA                                   | GIVAUDAN-REG                               | CUSIP: H3238Q102<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |       348 | NS      | $1746069.79   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Yara International ASA                        | YARA INTL ASA                              | CUSIP: R9900C106<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     49761 | NS      | $1784422.13   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Argos S.A.                              | GRUPO ARGOS SA                             | CUSIP: P0275K122<br>LEI: 254900HANAO95XIAE681 | Long             | EC               | CORP              | CO        |    302674 | NS      | $1595859.16   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian National Railway Company             | CAN NATL RAILWAY                           | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     15350 | NS      | $1613364.37   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| B3 S.A. - Brasil, Bolsa, Balcao               | B3 SA                                      | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    701910 | NS      | $1702968.20   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                        | AGNICO EAGLE MIN                           | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     13793 | NS      | $1625679.30   | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| SM Prime Holdings Inc.                        | SM PRIME HLDGS                             | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |   3623167 | NS      | $1464201.00   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Realty & Development Co Ltd.         | SUMITOMO REALTY                            | CUSIP: J77841112<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |     40095 | NS      | $1548021.08   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Sociedad Quimica y Minera de Chile S A        | Sociedad Quimica y Minera                  | CUSIP: P8716X108<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EP               | CORP              | CL        |     37650 | NS      | $1125879.31   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortis Inc                                    | FORTIS INC                                 | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     33034 | NS      | $1613756.86   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| LG H&H Co Ltd.                                | LG H&H                                     | CUSIP: Y5275R100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7047 | NS      | $1663918.24   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Garmin Ltd                                    | GARMIN LTD                                 | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      6886 | NS      | $1397651.42   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortescue Ltd.                                | FORTESCUE LTD                              | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |    155677 | NS      | $1544128.02   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.       | TERNA-RETE ELETT                           | CUSIP: T9471R100<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    165254 | NS      | $1680682.71   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Iberdrola, S.A.                               | IBERDROLA SA                               | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     92539 | NS      | $1689404.09   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Advantest Corp.                               | ADVANTEST CORP                             | CUSIP: J00210104<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     34649 | NS      | $1774123.97   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Covestro AG                                   | COVESTRO-TEND                              | CUSIP: D15349117<br>LEI: 3912005AWHKLQ1CPLV11 | Long             | EC               | CORP              | DE        |     23269 | NS      | $1598290.76   | 0.49%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Tourmaline Oil Corp.                          | TOURMALINE OIL C                           | CUSIP: 89156V106<br>LEI: 894500QKSAGWVM0ZG560 | Long             | EC               | CORP              | CA        |     31111 | NS      | $1402627.76   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena SME S.A.                                 | AENA SME SA                                | CUSIP: E526K0106<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |      6621 | NS      | $1781536.10   | 0.54%             |  |  |  | Yes           | 1                  | On Loan: No      |
| SCB X PCL                                     | SCB X PCL                                  | CUSIP: Y753YV119<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |    440229 | NS      | $1588911.32   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Poste Italiane S.p.A.                         | POSTE ITALIANE                             | CUSIP: T7S697106<br>LEI: 815600354DEDBD0BA991 | Long             | EC               | NUSS              | IT        |     84125 | NS      | $1825191.59   | 0.55%             |  |  |  | Yes           | 1                  | On Loan: No      |
| EVA Airways Corp.                             | EVA AIRWAYS                                | CUSIP: Y2361Y107<br>LEI: 254900S1P4XOXV67GC07 | Long             | EC               | CORP              | TW        |   1228771 | NS      | $1677201.80   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Snam S.p.A.                                   | SNAM SPA                                   | CUSIP: T8578N103<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |    288255 | NS      | $1723377.42   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Afry AB                                       | AFRY AB                                    | CUSIP: W05244111<br>LEI: 549300Q87LKPPD4X9R30 | Long             | EC               | CORP              | SE        |     80869 | NS      | $1430855.80   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Beiersdorf AG                                 | BEIERSDORF AG                              | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |     11648 | NS      | $1595516.80   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Siam Cement Public Co Ltd.                    | SIAM CEMENT-NVDR                           | CUSIP: Y7866P121<br>LEI: 529900SEH9QK8ZZDCQ89 | Long             | EC               | CORP              | TH        |    330244 | NS      | $1669727.83   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Sika AG                                       | SIKA AG-REG                                | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      6202 | NS      | $1656168.37   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| DSV AS                                        | DSV A/S                                    | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      7720 | NS      | $1819224.73   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Check Point Software Technologies Ltd.        | CHECK POINT SOFT                           | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      6560 | NS      | $1501452.80   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Rakyat Indonesia (Persero) Tbk           | BANK RAKYAT INDO                           | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |   6100482 | NS      | $1665469.01   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Mandiri (Persero) Tbk PT                 | BANK MANDIRI                               | CUSIP: Y7123S108<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |   4751334 | NS      | $1544912.28   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Vonovia SE                                    | VONOVIA SE                                 | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     55376 | NS      | $1812545.50   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Commonwealth Bank of Australia                | COMMONW BK AUSTR                           | CUSIP: Q26915100<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     15853 | NS      | $1797715.49   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                              | TOTALENERGIES SE                           | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     23168 | NS      | $1358831.61   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Swiss Life Holding AG                         | SWISS LIFE H AG                            | CUSIP: H8404J162<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |      1693 | NS      | $1690263.15   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| PT Chandra Asri Pacific Tbk                   | CHANDRA ASRI PAC                           | CUSIP: Y1292Y103<br>LEI: 254900146Z996100HK31 | Long             | EC               | CORP              | ID        |   3431520 | NS      | $1963124.17   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| E.ON SE                                       | E.ON SE                                    | CUSIP: D24914133<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |    101715 | NS      | $1781860.18   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Natural Resources Limited            | CAN NATURAL RES                            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     48524 | NS      | $1473188.26   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryanair Holdings PLC                          | RYANAIR HLDG-ADR                           | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     35287 | NS      | $1961957.20   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP Renovaveis SA                             | EDP RENOVAVEIS S                           | CUSIP: E3847K101<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    181263 | NS      | $1819215.40   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| SEB SA                                        | SEB SA                                     | CUSIP: F82059100<br>LEI: 969500WP61NBK098AC47 | Long             | EC               | CORP              | FR        |     15915 | NS      | $1579213.22   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Holcim AG                                     | HOLCIM LTD                                 | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     14285 | NS      | $1580373.51   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Intertek Group PLC                            | INTERTEK GROUP                             | CUSIP: G4911B108<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |     23122 | NS      | $1490998.28   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Legal & General Group PLC                     | LEGAL & GEN GRP                            | CUSIP: G54404127<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |    507682 | NS      | $1701165.63   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Software Inc.                   | CONSTELLATION SO                           | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       472 | NS      | $1711116.49   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Tomra Systems ASA                             | TOMRA SYSTEMS AS                           | CUSIP: R91733155<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |    106474 | NS      | $1589849.27   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Bureau Veritas SA                             | BUREAU VERITAS S                           | CUSIP: F96888114<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |     49470 | NS      | $1689438.69   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| CK Asset Holdings Ltd.                        | CK ASSET HOLDING                           | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |    385894 | NS      | $1599469.84   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Eni SpA                                       | ENI SPA                                    | CUSIP: T3643A145<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     98024 | NS      | $1443650.47   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinor ASA                                   | EQUINOR ASA                                | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     57093 | NS      | $1339725.42   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Toyota Industries Corp.                       | TOYOTA INDUSTRIE                           | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     17651 | NS      | $2222338.67   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Partners Group Holding AG                     | PARTNERS GROUP J                           | CUSIP: H6120A101<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      1087 | NS      | $1455974.62   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| STMicroelectronics N.V.                       | STMICROELECTRONI                           | CUSIP: N83574108<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |     69109 | NS      | $1734394.24   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Electronics Thailand Public Co Ltd      | DELTA ELEC-NVDR                            | CUSIP: Y20266121<br>LEI: 529900JKLVG9Y2SVWL93 | Long             | EC               | CORP              | TH        |    772059 | NS      | $2445605.99   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Hera SpA                                      | HERA SPA                                   | CUSIP: T5250M106<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    345545 | NS      | $1715171.14   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Geberit AG                                    | GEBERIT AG-REG                             | CUSIP: H2942E124<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      2441 | NS      | $1818741.26   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Fanuc Corp.                                   | FANUC CORP                                 | CUSIP: J13440102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     55234 | NS      | $1484894.33   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Huhtamaki Oyj                                 | HUHTAMAKI OYJ                              | CUSIP: X33752100<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |     42563 | NS      | $1571467.71   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Trane Technologies PLC                        | TRANE TECHNOLOGI                           | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4438 | NS      | $1909538.26   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| OMV AG                                        | OMV AG                                     | CUSIP: A51460110<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     29099 | NS      | $1556043.26   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Intesa Sanpaolo S.p.A.                        | INTESA SANPAOLO                            | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    299587 | NS      | $1670041.06   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Dassault Systemes                             | DASSAULT SYSTEME                           | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     39790 | NS      | $1490769.75   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Santos Ltd.                                   | Santos Ltd                                 | CUSIP: Q82869118<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |    359272 | NS      | $1525910.34   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrovial SE                                  | FERROVIAL SE                               | CUSIP: N3168P101<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     33760 | NS      | $1718663.03   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.           | HKEX                                       | CUSIP: Y3506N139<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     33734 | NS      | $1702818.26   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Cenovus Energy Inc                            | CENOVUS ENERGY                             | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    107463 | NS      | $1415583.66   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Ajinomoto Co Inc.                             | Ajinomoto Co Inc                           | CUSIP: J00882126<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     75799 | NS      | $1902890.54   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Evonik Industries AG                          | EVONIK INDUSTRIE                           | CUSIP: D2R90Y117<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |     69334 | NS      | $1500347.46   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| BHP Group Ltd.                                | BHP GROUP LTD                              | CUSIP: Q1498M100<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     62637 | NS      | $1544125.58   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Kuehne & Nagel International AG               | KUEHNE & NAGEL-R                           | CUSIP: H4673L145<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |      6693 | NS      | $1505402.32   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| DISCO Corp.                                   | DISCO CORP                                 | CUSIP: J12327102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7501 | NS      | $1713647.37   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| ALS Ltd.                                      | ALS LTD                                    | CUSIP: Q0266A116<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |    155273 | NS      | $1608170.35   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| OTP Bank PLC                                  | OTP BANK PLC                               | CUSIP: X60746181<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     23104 | NS      | $1752497.74   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Edenred SA                                    | EDENRED                                    | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     46165 | NS      | $1441345.94   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Hong Kong & China Gas Co Ltd. (Towngas)       | HONG KG CHINA GS                           | CUSIP: Y33370100<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |   1738634 | NS      | $1529966.52   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Wilmar International Ltd.                     | WILMAR INTERNATI                           | CUSIP: Y9586L109<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    619134 | NS      | $1464229.87   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashtead Group PLC                             | ASHTEAD GROUP                              | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     27912 | NS      | $1630268.39   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Voestalpine AG                                | voestalpine AG                             | CUSIP: A9101Y103<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |     61430 | NS      | $1616652.36   | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| Brookfield Corp.                              | BROOKFIELD CORP                            | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     28561 | NS      | $1649114.59   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Aeon Co Ltd.                                  | Aeon Co Ltd                                | CUSIP: J00288100<br>LEI: 5299009MXFL34SA71416 | Long             | EC               | CORP              | JP        |     59800 | NS      | $1843305.83   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Boerse AG                            | DEUTSCHE BOERSE                            | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      5133 | NS      | $1652140.67   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| President Chain Store Corp.                   | PRESIDENT CHAIN                            | CUSIP: Y7082T105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    198513 | NS      | $1694736.42   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Bollore SE                                    | BOLLORE SE                                 | CUSIP: F10659260<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    255959 | NS      | $1627350.59   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Polska Kasa Opieki SA                    | PEKAO                                      | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     35748 | NS      | $1760368.83   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Credit Agricole S.A.                          | CREDIT AGRICOLE                            | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     86539 | NS      | $1582323.57   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Danske Bank A/S                               | DANSKE BANK A/S                            | CUSIP: K22272114<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     45247 | NS      | $1729555.87   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Wheaton Precious Metals Corporation           | WHEATON PRECIOUS                           | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     19323 | NS      | $1674060.26   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| KakaoBank Corp.                               | KAKAOBANK CORP                             | CUSIP: Y451AA104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     99878 | NS      | $1699995.65   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Renesas Electronics Corp.                     | RENESAS ELECTRON                           | CUSIP: J4881V107<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    112831 | NS      | $1398242.09   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| MTN Group Ltd                                 | MTN Group Ltd                              | CUSIP: S8039R108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    228129 | NS      | $1585717.98   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| CSL Ltd.                                      | CSL LTD                                    | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |      9599 | NS      | $1528007.87   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Franco Nevada Corp                            | FRANCO-NEVADA CO                           | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      9501 | NS      | $1600217.24   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Worley Ltd.                                   | WorleyParsons Ltd                          | CUSIP: Q9858A103<br>LEI: 549300XDR86FY8OLGP97 | Long             | EC               | CORP              | AU        |    165818 | NS      | $1391434.88   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Coloplast AS                                  | COLOPLAST-B                                | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     14357 | NS      | $1389138.93   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Alimentation Couche-Tard Inc.                 | ALIMEN COUCHE                              | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     30300 | NS      | $1570708.84   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Taiwan Mobile Co                              | TAIWAN MOBILE                              | CUSIP: Y84153215<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    427697 | NS      | $1629158.58   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Wisetech Global Ltd.                          | WISETECH GLOBAL                            | CUSIP: Q98056106<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |     29456 | NS      | $2034164.99   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Chugai Pharmaceutical Co Ltd.                 | CHUGAI PHARMA CO                           | CUSIP: J06930101<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     32983 | NS      | $1738336.30   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Akzo Nobel N.V.                               | AKZO NOBEL                                 | CUSIP: N01803308<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     24969 | NS      | $1699751.63   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Dai-ichi Life Holdings Inc.                   | DAI-ICHI LIFE HO                           | CUSIP: J09748112<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |    197927 | NS      | $1552419.88   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Straumann Holding AG                          | STRAUMANN HLDG-R                           | CUSIP: H8300N127<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     12561 | NS      | $1611480.74   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Symrise AG                                    | Symrise AG                                 | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     14565 | NS      | $1737117.68   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Croda International PLC                       | CRODA INTL.                                | CUSIP: G25536155<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     40558 | NS      | $1676528.48   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke KPN N.V.                          | KPN (KONIN) NV                             | CUSIP: N4297B146<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    360569 | NS      | $1693953.81   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Sandvik AB                                    | SANDVIK AB                                 | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     72962 | NS      | $1593901.04   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresenius SE & Co. KGaA                       | FRESENIUS SE & C                           | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     35717 | NS      | $1750976.45   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Enel S.p.A.                                   | ENEL SPA                                   | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    184365 | NS      | $1692314.98   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Kone Oyj                                      | KONE OYJ-B                                 | CUSIP: X4551T105<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |     27187 | NS      | $1692705.59   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| United Overseas Bank Ltd.                     | UNITED OVERSEAS                            | CUSIP: Y9T10P105<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     54503 | NS      | $1496480.65   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| RWE AG                                        | RWE AG                                     | CUSIP: D6629K109<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     42874 | NS      | $1612642.62   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Genmab As                                     | GENMAB A/S                                 | CUSIP: K3967W102<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      7697 | NS      | $1616371.87   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| AIA Group Ltd, Hong Kong                      | AIA                                        | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    202558 | NS      | $1695933.42   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| BBH SWEEP VEHICLE                             | BBH SWEEP VEHICLE                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2322379 | PA      | $2322378.96   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Jeronimo Martins - S.G.P.S., S.A.             | JERONIMO MARTINS                           | CUSIP: X40338109<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |     71948 | NS      | $1810135.88   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Naspers Limited                               | NASPERS LTD-N                              | CUSIP: S53435111<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      6065 | NS      | $1741562.33   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Naturgy Energy Group S.A.                     | NATURGY ENERGY                             | CUSIP: E7S90S109<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     54794 | NS      | $1618687.42   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Goodman Group                                 | GOODMAN GROUP                              | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     84163 | NS      | $1785670.25   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Solvay NV/SA                                  | SOLVAY SA-A                                | CUSIP: B82095116<br>LEI: 549300MMVL80RTBP3O28 | Long             | EC               | CORP              | BE        |     43626 | NS      | $1429435.01   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Prada S.p.A.                                  | PRADA                                      | CUSIP: T7733C101<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |    219672 | NS      | $1437198.44   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Financiero Banorte S.A.B. de C.V.       | GRUPO F BANORT-O                           | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    227380 | NS      | $2016378.28   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| NXP Semiconductors NV                         | NXP SEMICONDUCTO                           | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      7866 | NS      | $1503428.58   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| First Financial Holding Co Ltd.               | FIRST FINANCIAL                            | CUSIP: Y2518F100<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |   1842020 | NS      | $1664883.75   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Valterra Platinum Ltd.                        | VALTERRA PLATINU                           | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     40024 | NS      | $1568456.68   | 0.48%             |  |  |  | No            | 1                  | On Loan: —       |
| Powszechna Kasa Oszczednosci Bank Polski SA   | PKOBP                                      | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |     76993 | NS      | $1548664.84   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| UPM-Kymmene Corporation                       | UPM-KYMMENE OYJ                            | CUSIP: X9518S108<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     55959 | NS      | $1549545.88   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Eneos Holdings Inc                            | ENEOS HOLDINGS I                           | CUSIP: J29699105<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    286656 | NS      | $1365550.37   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| SM Investments Corp.                          | SM INVESTMENTS                             | CUSIP: Y80676102<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |    109919 | NS      | $1644845.25   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Woodside Energy Group Ltd.                    | WOODSIDE ENERGY                            | CUSIP: Q98327333<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |    103493 | NS      | $1484093.36   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| GEA Group AG                                  | GEA GROUP AG                               | CUSIP: D28304109<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     25097 | NS      | $1678262.15   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Continental AG                                | CONTINENTAL AG                             | CUSIP: D16212140<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     21988 | NS      | $1929691.64   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| ITOCHU Corp.                                  | ITOCHU CORP                                | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     32495 | NS      | $1748075.12   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Inpex Corp.                                   | INPEX CORP                                 | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |    108992 | NS      | $1478310.86   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| REA Group Ltd.                                | REA GROUP LTD                              | CUSIP: Q8051B108<br>LEI: 894500KA4UBDATOFPN36 | Long             | EC               | CORP              | AU        |     10898 | NS      | $1683655.31   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| National Australia Bank Ltd.                  | NATL AUST BANK                             | CUSIP: Q65336119<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     71498 | NS      | $1751046.66   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Delek Group Ltd.                              | DELEK GROUP LTD                            | CUSIP: M27635107<br>LEI: 213800CYKA4XE2HZZB09 | Long             | EC               | CORP              | IL        |      9861 | NS      | $1739103.45   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                   | MOL                                        | CUSIP: X5S32S129<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |    190059 | NS      | $1643626.43   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Weg SA                                        | WEG SA                                     | CUSIP: P9832B129<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    188578 | NS      | $1399279.15   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Sampo PLC                                     | SAMPO OYJ-A SHS                            | CUSIP: X75653232<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    160105 | NS      | $1707932.08   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Singapore Telecommunications Ltd.             | SINGAPORE TELECO                           | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    585436 | NS      | $1729534.26   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Geely Automobile Holdings Ltd                 | GEELY AUTOMOBILE                           | CUSIP: G3777B103<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |    699006 | NS      | $1570765.94   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| UTD Tractors                                  | UNITED TRACTORS                            | CUSIP: Y7146Y140<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |   1049129 | NS      | $1444966.02   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| East Japan Railway Co.                        | EAST JAPAN RAIL                            | CUSIP: J1257M109<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |     75966 | NS      | $1599795.52   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| 3i Group PLC                                  | 3I GROUP PLC                               | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     32004 | NS      | $1755864.83   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Corporation of Canada                   | POWER CORP CDA                             | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     42264 | NS      | $1635403.99   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Intact Financial Corp.                        | INTACT FINANCIAL                           | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      7312 | NS      | $1658682.29   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| EMS-Chemie Holding AG                         | EMS-CHEMIE HLDG                            | CUSIP: H22206199<br>LEI: 529900G1XFTGSE0DIX60 | Long             | EC               | CORP              | CH        |      2204 | NS      | $1674303.84   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Infineon Technologies AG                      | INFINEON TECH                              | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     45474 | NS      | $1769551.94   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Denso Corp.                                   | Denso Corp                                 | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    121611 | NS      | $1657920.73   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Premier Foods PLC                             | PREMIER FOODS                              | CUSIP: G7S17N124<br>LEI: 213800ZD5I8XHNMCJA67 | Long             | EC               | CORP              | GB        |    628940 | NS      | $1762591.22   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Andritz AG                                    | ANDRITZ AG                                 | CUSIP: A11123105<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |     26735 | NS      | $1846985.41   | 0.56%             |  |  |  | No            | 1                  | On Loan: —       |
| Wolters Kluwer NV                             | WOLTERS KLUWER                             | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      9706 | NS      | $1722352.18   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Verbund AG                                    | VERBUND AG                                 | CUSIP: A91460104<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |     21776 | NS      | $1699704.81   | 0.52%             |  |  |  | No            | 1                  | On Loan: —       |
| Hang Seng Bank Ltd.                           | HANG SENG BANK                             | CUSIP: Y30327103<br>LEI: 5493009Z5F07LWZYMK62 | Long             | EC               | CORP              | HK        |    111647 | NS      | $1563414.25   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Krones AG                                     | Krones AG                                  | CUSIP: D47441171<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |     11173 | NS      | $1758149.18   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortum Oyj                                    | Fortum OYJ                                 | CUSIP: X2978Z118<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |     97333 | NS      | $1679679.38   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Swire Properties Ltd.                         | SWIREPROPERTIES                            | CUSIP: Y83191109<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    713587 | NS      | $1565308.87   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| SMC Corp.                                     | SMC CORP                                   | CUSIP: J75734103<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      4226 | NS      | $1590488.54   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Tate & Lyle PLC                               | TATE & LYLE                                | CUSIP: G86838151<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |    223623 | NS      | $1666175.14   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| CLP Holdings Ltd.                             | CLP HOLDINGS                               | CUSIP: Y1660Q104<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |    183462 | NS      | $1557108.42   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa SA - Empresa Nacional Electricidad     | ENDESA                                     | CUSIP: E41222113<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     56416 | NS      | $1721687.19   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider Electric SE                         | SCHNEIDER ELECTR                           | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      6646 | NS      | $1670177.23   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Aker BP ASA                                   | AKER BP ASA                                | CUSIP: R0139K100<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |     64359 | NS      | $1481851.09   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Nutrien Ltd                                   | NUTRIEN LTD                                | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     30098 | NS      | $1777990.89   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Clariant AG                                   | Clariant AG                                | CUSIP: H14843165<br>LEI: 529900VSEKBY7TMPP349 | Long             | EC               | CORP              | CH        |    138817 | NS      | $1564945.58   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| EssilorLuxottica SA                           | ESSILORLUXOTTICA                           | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      5270 | NS      | $1464088.33   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Vector Limited                                | VECTOR LTD                                 | CUSIP: Q9389B109<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |    671603 | NS      | $1660656.05   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| London Stock Exchange Group PLC               | LONDON STOCK EX                            | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     10178 | NS      | $1546172.86   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| SGS SA                                        | SGS SA-REG                                 | CUSIP: H63838116<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |     15397 | NS      | $1605331.83   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Hellenic Telecommunications Organization S.A. | HELLENIC TELECOM                           | CUSIP: X3258B102<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |     92145 | NS      | $1777410.93   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Orlen SA                                      | ORLEN SA                                   | CUSIP: X6922W204<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |     85070 | NS      | $1671577.99   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

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

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer