# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0000910472-25-002731
**Filing Date:** 2025-10
**Character Count:** 90500
**Document Hash:** 1c4ab5485941f0c9b29961f1ee36516b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002731.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002731

**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:** 251430869

**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            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6%** |  |
|  | **APPAREL & TEXTILE PRODUCTS - 0.9%** |  |
| 693 | Hermes International SCA | &nbsp;&nbsp;&nbsp; $1695009 |
| 304399 | PRADA SpA | &nbsp;&nbsp;&nbsp; 1789190 |
|  |  | &nbsp;&nbsp; 3484199 |
|  | **ASSET MANAGEMENT - 2.3%** |  |
| 32392 | 3i Group plc | &nbsp;&nbsp;&nbsp; 1759426 |
| 30180 | Brookfield Corporation | &nbsp;&nbsp;&nbsp; 1983724 |
| 80229 | Grupo de Inversiones Suramericana S.A. | &nbsp;&nbsp;&nbsp; 928488 |
| 27425 | Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp; 1977633 |
| 1433 | Partners Group Holding A.G. | &nbsp;&nbsp;&nbsp; 1965504 |
|  |  | &nbsp;&nbsp; 8614775 |
|  | **AUTOMOTIVE - 3.0%** |  |
| 21349 | Continental A.G. | &nbsp;&nbsp;&nbsp; 1872938 |
| 136424 | Denso Corporation | &nbsp;&nbsp;&nbsp; 1982305 |
| 3775 | Ferrari N.V. | &nbsp;&nbsp;&nbsp; 1801468 |
| 906820 | Geely Automobile Holdings Ltd. | &nbsp;&nbsp;&nbsp; 2275350 |
| 49495 | Mahindra & Mahindra Ltd. | &nbsp;&nbsp;&nbsp; 1771921 |
| 16308 | Toyota Industries Corporation | &nbsp;&nbsp;&nbsp; 1813147 |
|  |  | &nbsp;&nbsp; 11517129 |
|  | **BANKING - 9.3%** |  |
| 5970080 | Bank Mandiri Persero Tbk P.T. | &nbsp;&nbsp;&nbsp; 1715478 |
| 35591 | Bank Polska Kasa Opieki S.A. | &nbsp;&nbsp;&nbsp; 1789854 |
| 7832606 | Bank Rakyat Indonesia Persero Tbk P.T. | &nbsp;&nbsp;&nbsp; 1927104 |
| 400966 | BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1811570 |
| 15280 | Commonwealth Bank of Australia | &nbsp;&nbsp;&nbsp; 1702889 |
| 98510 | Credit Agricole S.A. | &nbsp;&nbsp;&nbsp; 1801043 |
| 45358 | Danske Bank A/S | &nbsp;&nbsp;&nbsp; 1864513 |
| 1900650 | First Financial Holding Company Ltd. | &nbsp;&nbsp;&nbsp; 1762164 |
| 198914 | Grupo Financiero Banorte SAB de CV | &nbsp;&nbsp;&nbsp; 1811787 |
| 122806 | Hang Seng Bank Ltd. | &nbsp;&nbsp;&nbsp; 1754943 |
| 323417 | Intesa Sanpaolo SpA | &nbsp;&nbsp;&nbsp; 2033415 |
| 79714 | KakaoBank Corporation | &nbsp;&nbsp;&nbsp; 1415793 |
| 18058 | KBC Group N.V. | &nbsp;&nbsp;&nbsp; 2128135 |
| 72140 | National Australia Bank Ltd. | &nbsp;&nbsp;&nbsp; 2020071 |
| 23218 | OTP Bank Nyrt | &nbsp;&nbsp;&nbsp; 2023575 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **BANKING - 9.3% (Continued)** |  |
| 90727 | Powszechna Kasa Oszczednosci Bank Polski S.A. | &nbsp;&nbsp;&nbsp; $1767781 |
| 525078 | SCB X PCL | &nbsp;&nbsp;&nbsp; 2089870 |
| 144470 | Standard Bank Group Ltd. | &nbsp;&nbsp;&nbsp; 2038082 |
| 65475 | United Overseas Bank Ltd. | &nbsp;&nbsp;&nbsp; 1795660 |
|  |  | &nbsp;&nbsp; 35253727 |
|  | **BIOTECH & PHARMA - 3.1%** |  |
| 15678 | Celltrion, Inc. | &nbsp;&nbsp;&nbsp; 1893271 |
| 35535 | Chugai Pharmaceutical Company Ltd. | &nbsp;&nbsp;&nbsp; 1573804 |
| 12085 | CSL Ltd. | &nbsp;&nbsp;&nbsp; 1683644 |
| 8988 | Genmab A/S<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2236799 |
| 400272 | H Lundbeck A/S | &nbsp;&nbsp;&nbsp; 2092013 |
| 9270 | UCB S.A. | &nbsp;&nbsp;&nbsp; 2167048 |
|  |  | &nbsp;&nbsp; 11646579 |
|  | **CHEMICALS - 5.4%** |  |
| 26296 | Akzo Nobel N.V. | &nbsp;&nbsp;&nbsp; 1814790 |
| 3100029 | Chandra Asri Pacific Tbk P.T. | &nbsp;&nbsp;&nbsp; 1553687 |
| 171446 | Clariant A.G. | &nbsp;&nbsp;&nbsp; 1760184 |
| 26164 | Covestro A.G. 144A<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 1817922 |
| 44664 | Croda International plc | &nbsp;&nbsp;&nbsp; 1513911 |
| 2450 | EMS-Chemie Holding A.G. | &nbsp;&nbsp;&nbsp; 1878469 |
| 86088 | Evonik Industries A.G. | &nbsp;&nbsp;&nbsp; 1660535 |
| 378 | Givaudan S.A. | &nbsp;&nbsp;&nbsp; 1592007 |
| 31943 | Nutrien Ltd. | &nbsp;&nbsp;&nbsp; 1840964 |
| 52663 | Solvay S.A. | &nbsp;&nbsp;&nbsp; 1730998 |
| 16522 | Symrise A.G. | &nbsp;&nbsp;&nbsp; 1599826 |
| 50677 | Yara International ASA | &nbsp;&nbsp;&nbsp; 1843563 |
|  |  | &nbsp;&nbsp; 20606856 |
|  | **COMMERCIAL SUPPORT SERVICES - 2.9%** |  |
| 167086 | ALS Ltd. | &nbsp;&nbsp;&nbsp; 2032674 |
| 53593 | Bureau Veritas S.A. | &nbsp;&nbsp;&nbsp; 1614874 |
| 59716 | Edenred S.E. | &nbsp;&nbsp;&nbsp; 1725331 |
| 28115 | Intertek Group plc | &nbsp;&nbsp;&nbsp; 1782076 |
| 18160 | SGS S.A. | &nbsp;&nbsp;&nbsp; 1851042 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **COMMERCIAL SUPPORT SERVICES - 2.9% (Continued)** |  |
| 216532 | Worley Ltd. | &nbsp;&nbsp;&nbsp; $2081574 |
|  |  | &nbsp;&nbsp; 11087571 |
|  | **CONSTRUCTION MATERIALS - 1.9%** |  |
| 15705 | Amrize Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 819245 |
| 340129 | Grupo Argos S.A./Colombia | &nbsp;&nbsp;&nbsp; 1449413 |
| 13517 | Holcim A.G. | &nbsp;&nbsp;&nbsp; 1131822 |
| 361597 | Siam Cement PCL (The) | &nbsp;&nbsp;&nbsp; 2407996 |
| 6712 | Sika A.G. | &nbsp;&nbsp;&nbsp; 1556034 |
|  |  | &nbsp;&nbsp; 7364510 |
|  | **CONTAINERS & PACKAGING - 0.5%** |  |
| 50380 | Huhtamaki OYJ | &nbsp;&nbsp;&nbsp; 1789141 |
|  | **DIVERSIFIED INDUSTRIALS - 0.5%** |  |
| 43767 | Alfa Laval A.B. | &nbsp;&nbsp;&nbsp; 1990788 |
|  | **ELECTRIC UTILITIES - 7.7%** |  |
| 218405 | CLP Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1844916 |
| 100745 | E.ON S.E. | &nbsp;&nbsp;&nbsp; 1796535 |
| 424007 | EDP - Energias de Portugal S.A. | &nbsp;&nbsp;&nbsp; 1878248 |
| 159392 | EDP Renovaveis S.A. | &nbsp;&nbsp;&nbsp; 1871910 |
| 59530 | Endesa S.A. | &nbsp;&nbsp;&nbsp; 1813266 |
| 19307783 | Enel Americas S.A. | &nbsp;&nbsp;&nbsp; 2007690 |
| 195618 | Enel SpA | &nbsp;&nbsp;&nbsp; 1804015 |
| 5954644 | First Gen Corporation | &nbsp;&nbsp;&nbsp; 1708769 |
| 39178 | Fortis, Inc. | &nbsp;&nbsp;&nbsp; 1949843 |
| 99504 | Fortum OYJ | &nbsp;&nbsp;&nbsp; 1721446 |
| 96642 | Iberdrola S.A. | &nbsp;&nbsp;&nbsp; 1817195 |
| 44120 | RWE A.G. | &nbsp;&nbsp;&nbsp; 1767071 |
| 73649 | SSE plc | &nbsp;&nbsp;&nbsp; 1721980 |
| 183351 | Terna - Rete Elettrica Nazionale | &nbsp;&nbsp;&nbsp; 1843590 |
| 728607 | Vector Ltd. | &nbsp;&nbsp;&nbsp; 2002896 |
| 24142 | Verbund A.G. | &nbsp;&nbsp;&nbsp; 1721201 |
|  |  | &nbsp;&nbsp; 29270571 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **ELECTRICAL EQUIPMENT - 2.1%** |  |
| 627170 | Delta Electronics Thailand PCL | &nbsp;&nbsp;&nbsp; $2913862 |
| 28132 | Kone OYJ, Class B | &nbsp;&nbsp;&nbsp; 1767752 |
| 6860 | Schneider Electric S.E. | &nbsp;&nbsp;&nbsp; 1685511 |
| 4284 | Trane Technologies PLC | &nbsp;&nbsp;&nbsp; 1780430 |
|  |  | &nbsp;&nbsp; 8147555 |
|  | **ENGINEERING & CONSTRUCTION - 1.4%** |  |
| 109818 | AFRY A.B. | &nbsp;&nbsp;&nbsp; 1733521 |
| 34804 | Ferrovial S.E. | &nbsp;&nbsp;&nbsp; 1900806 |
| 9207 | WSP Global, Inc. | &nbsp;&nbsp;&nbsp; 1874987 |
|  |  | &nbsp;&nbsp; 5509314 |
|  | **ENTERTAINMENT CONTENT - 0.4%** |  |
| 294893 | Bollore S.E. | &nbsp;&nbsp;&nbsp; 1720583 |
|  | **FOOD - 2.5%** |  |
| 69054 | Ajinomoto Company, Inc. | &nbsp;&nbsp;&nbsp; 1883671 |
| 655350 | Grupo Bimbo S.A.B. de C.V. | &nbsp;&nbsp;&nbsp; 2039235 |
| 675237 | Premier Foods PLC | &nbsp;&nbsp;&nbsp; 1721128 |
| 255526 | Tate & Lyle plc | &nbsp;&nbsp;&nbsp; 1835497 |
| 810051 | Wilmar International Ltd. | &nbsp;&nbsp;&nbsp; 1862360 |
|  |  | &nbsp;&nbsp; 9341891 |
|  | **FORESTRY, PAPER & WOOD PRODUCTS - 1.0%** |  |
| 198160 | Suzano S.A. | &nbsp;&nbsp;&nbsp; 1920129 |
| 66940 | UPM-Kymmene OYJ | &nbsp;&nbsp;&nbsp; 1905077 |
|  |  | &nbsp;&nbsp; 3825206 |
|  | **GAS & WATER UTILITIES - 1.9%** |  |
| 387995 | Hera SpA | &nbsp;&nbsp;&nbsp; 1667439 |
| 2179175 | Hong Kong & China Gas Company Ltd. | &nbsp;&nbsp;&nbsp; 1959604 |
| 58822 | Naturgy Energy Group S.A. | &nbsp;&nbsp;&nbsp; 1864635 |
| 311398 | Snam SpA | &nbsp;&nbsp;&nbsp; 1895561 |
|  |  | &nbsp;&nbsp; 7387239 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.1%** |  |
| 37042 | Fresenius S.E. & Company KGaA | &nbsp;&nbsp;&nbsp; 2010901 |
| 12802 | ICON plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2277988 |
|  |  | &nbsp;&nbsp; 4288889 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **HOME & OFFICE PRODUCTS - 0.4%** |  |
| 18954 | SEB S.A. | &nbsp;&nbsp;&nbsp; $1379037 |
|  | **HOME CONSTRUCTION - 0.5%** |  |
| 2349 | Geberit A.G. | &nbsp;&nbsp;&nbsp; 1720886 |
|  | **HOUSEHOLD PRODUCTS - 0.9%** |  |
| 14759 | Beiersdorf A.G. | &nbsp;&nbsp;&nbsp; 1696016 |
| 7714 | LG H&H Company Ltd. | &nbsp;&nbsp;&nbsp; 1642424 |
|  |  | &nbsp;&nbsp; 3338440 |
|  | **INDUSTRIAL REIT - 0.5%** |  |
| 83055 | Goodman Group | &nbsp;&nbsp;&nbsp; 1866985 |
|  | **INDUSTRIAL SUPPORT SERVICES - 1.1%** |  |
| 28484 | Ashtead Group PLC | &nbsp;&nbsp;&nbsp; 2096495 |
| 1421484 | United Tractors Tbk P.T. | &nbsp;&nbsp;&nbsp; 2107054 |
|  |  | &nbsp;&nbsp; 4203549 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 1.8%** |  |
| 713909 | B3 S.A. - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp; 1714266 |
| 5687 | Deutsche Boerse A.G. | &nbsp;&nbsp;&nbsp; 1673704 |
| 34405 | Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp; 1990473 |
| 12596 | London Stock Exchange Group plc | &nbsp;&nbsp;&nbsp; 1560711 |
|  |  | &nbsp;&nbsp; 6939154 |
|  | **INSURANCE - 5.4%** |  |
| 202403 | AIA Group Ltd. | &nbsp;&nbsp;&nbsp; 1905773 |
| 285483 | BB Seguridade Participacoes S.A. | &nbsp;&nbsp;&nbsp; 1719574 |
| 246339 | Dai-ichi Life Holdings, Inc. | &nbsp;&nbsp;&nbsp; 2055800 |
| 1044 | Fairfax Financial Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1797320 |
| 8155 | Intact Financial Corporation | &nbsp;&nbsp;&nbsp; 1633138 |
| 529574 | Legal & General Group plc | &nbsp;&nbsp;&nbsp; 1771402 |
| 47112 | Power Corp of Canada | &nbsp;&nbsp;&nbsp; 1994117 |
| 146376 | Prudential PLC | &nbsp;&nbsp;&nbsp; 1955716 |
| 173441 | Sampo OYJ, A Shares | &nbsp;&nbsp;&nbsp; 1989429 |
| 1838 | Swiss Life Holding A.G. | &nbsp;&nbsp;&nbsp; 1984643 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **INSURANCE - 5.4% (Continued)** |  |
| 71857 | Tryg A/S | &nbsp;&nbsp;&nbsp; $1889619 |
|  |  | &nbsp;&nbsp; 20696531 |
|  | **INTERNET MEDIA & SERVICES - 1.6%** |  |
| 5987 | Naspers Ltd. | &nbsp;&nbsp;&nbsp; 1971401 |
| 33155 | Prosus N.V. | &nbsp;&nbsp;&nbsp; 2048094 |
| 12064 | REA Group Ltd. | &nbsp;&nbsp;&nbsp; 1981825 |
|  |  | &nbsp;&nbsp; 6001320 |
|  | **MACHINERY - 4.9%** |  |
| 25082 | ANDRITZ A.G. | &nbsp;&nbsp;&nbsp; 1764747 |
| 6355 | Disco Corporation | &nbsp;&nbsp;&nbsp; 1788015 |
| 68243 | FANUC Corporation | &nbsp;&nbsp;&nbsp; 1940022 |
| 26471 | GEA Group AG | &nbsp;&nbsp;&nbsp; 1925952 |
| 33839 | KION Group A.G. | &nbsp;&nbsp;&nbsp; 2200781 |
| 11269 | Krones A.G. | &nbsp;&nbsp;&nbsp; 1732070 |
| 79936 | Sandvik A.B. | &nbsp;&nbsp;&nbsp; 2019422 |
| 5221 | SMC Corporation | &nbsp;&nbsp;&nbsp; 1619939 |
| 121611 | TOMRA Systems ASA | &nbsp;&nbsp;&nbsp; 1848495 |
| 237409 | WEG S.A. | &nbsp;&nbsp;&nbsp; 1652870 |
|  |  | &nbsp;&nbsp; 18492313 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 19526 | Coloplast A/S - Series B | &nbsp;&nbsp;&nbsp; 1875190 |
| 6734 | EssilorLuxottica S.A. | &nbsp;&nbsp;&nbsp; 2049581 |
| 6184 | Sonova Holding A.G. | &nbsp;&nbsp;&nbsp; 1799957 |
| 14125 | Straumann Holding A.G. | &nbsp;&nbsp;&nbsp; 1656178 |
|  |  | &nbsp;&nbsp; 7380906 |
|  | **METALS & MINING - 4.5%** |  |
| 15997 | Agnico Eagle Mines Ltd. | &nbsp;&nbsp;&nbsp; 2306452 |
| 73753 | Antofagasta plc | &nbsp;&nbsp;&nbsp; 2138071 |
| 75473 | BHP Group Ltd. | &nbsp;&nbsp;&nbsp; 2133158 |
| 183207 | Fortescue Ltd. | &nbsp;&nbsp;&nbsp; 2313917 |
| 11555 | Franco-Nevada Corporation | &nbsp;&nbsp;&nbsp; 2177726 |
| 25993 | Rio Tinto Ltd. | &nbsp;&nbsp;&nbsp; 1964146 |
| 42030 | Valterra Platinum Limited | &nbsp;&nbsp;&nbsp; 1925010 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **METALS & MINING - 4.5% (Continued)** |  |
| 21232 | Wheaton Precious Metals Corporation | &nbsp;&nbsp;&nbsp; $2132244 |
|  |  | &nbsp;&nbsp; 17090724 |
|  | **OIL & GAS PRODUCERS - 7.7%** |  |
| 72915 | Aker BP ASA | &nbsp;&nbsp;&nbsp; 1841627 |
| 58956 | Canadian Natural Resources Ltd. | &nbsp;&nbsp;&nbsp; 1866965 |
| 136028 | Cenovus Energy, Inc. | &nbsp;&nbsp;&nbsp; 2262263 |
| 9206 | Delek Group Ltd. | &nbsp;&nbsp;&nbsp; 2027024 |
| 376319 | ENEOS Holdings, Inc. | &nbsp;&nbsp;&nbsp; 2252788 |
| 114077 | Eni SpA | &nbsp;&nbsp;&nbsp; 2033877 |
| 73203 | Equinor ASA | &nbsp;&nbsp;&nbsp; 1804481 |
| 134183 | Inpex Corporation | &nbsp;&nbsp;&nbsp; 2298970 |
| 212857 | MOL Hungarian Oil & Gas plc | &nbsp;&nbsp;&nbsp; 1830663 |
| 34565 | OMV A.G. | &nbsp;&nbsp;&nbsp; 1902712 |
| 81983 | ORLEN S.A. | &nbsp;&nbsp;&nbsp; 1749949 |
| 369742 | Santos Ltd. | &nbsp;&nbsp;&nbsp; 1940535 |
| 30040 | TotalEnergies S.E. | &nbsp;&nbsp;&nbsp; 1879916 |
| 38723 | Tourmaline Oil Corporation | &nbsp;&nbsp;&nbsp; 1644392 |
| 119404 | Woodside Energy Group Ltd. | &nbsp;&nbsp;&nbsp; 2063647 |
|  |  | &nbsp;&nbsp; 29399809 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 3.1%** |  |
| 414638 | CK Asset Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1953125 |
| 2537832 | New World Development Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2155158 |
| 4510546 | SM Prime Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1823160 |
| 47952 | Sumitomo Realty & Development Company Ltd. | &nbsp;&nbsp;&nbsp; 1988987 |
| 735597 | Swire Properties Ltd. | &nbsp;&nbsp;&nbsp; 1992930 |
| 52590 | Vonovia S.E. | &nbsp;&nbsp;&nbsp; 1699686 |
|  |  | &nbsp;&nbsp; 11613046 |
|  | **RETAIL - CONSUMER STAPLES - 3.0%** |  |
| 186765 | Aeon Company Ltd. | &nbsp;&nbsp;&nbsp; 2270911 |
| 37386 | Alimentation Couche-Tard, Inc. | &nbsp;&nbsp;&nbsp; 1894957 |
| 157192 | BIM Birlesik Magazalar A/S | &nbsp;&nbsp;&nbsp; 2024705 |
| 541163 | Cencosud S.A. | &nbsp;&nbsp;&nbsp; 1715540 |
| 73176 | Jeronimo Martins SGPS S.A. | &nbsp;&nbsp;&nbsp; 1809499 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - 3.0% (Continued)** |  |
| 206112 | President Chain Store Corporation | &nbsp;&nbsp;&nbsp; $1715466 |
|  |  | &nbsp;&nbsp; 11431078 |
|  | **RETAIL - DISCRETIONARY - 0.4%** |  |
| 118146 | SM Investments Corporation | &nbsp;&nbsp;&nbsp; 1560809 |
|  | **SEMICONDUCTORS - 2.5%** |  |
| 25228 | Advantest Corporation | &nbsp;&nbsp;&nbsp; 2004102 |
| 44239 | Infineon Technologies A.G. | &nbsp;&nbsp;&nbsp; 1809095 |
| 8578 | NXP Semiconductors N.V. | &nbsp;&nbsp;&nbsp; 2014543 |
| 151291 | Renesas Electronics Corporation | &nbsp;&nbsp;&nbsp; 1818988 |
| 61290 | STMicroelectronics N.V. | &nbsp;&nbsp;&nbsp; 1666853 |
|  |  | &nbsp;&nbsp; 9313581 |
|  | **SOFTWARE - 1.8%** |  |
| 8546 | Check Point Software Technologies Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1650574 |
| 512 | Constellation Software, Inc. | &nbsp;&nbsp;&nbsp; 1696417 |
| 50812 | Dassault Systemes S.E. | &nbsp;&nbsp;&nbsp; 1581003 |
| 26053 | WiseTech Global Ltd. | &nbsp;&nbsp;&nbsp; 1735446 |
|  |  | &nbsp;&nbsp; 6663440 |
|  | **STEEL - 0.6%** |  |
| 65682 | voestalpine A.G. | &nbsp;&nbsp;&nbsp; 2174290 |
|  | **TECHNOLOGY HARDWARE - 1.6%** |  |
| 8908 | Garmin Ltd. | &nbsp;&nbsp;&nbsp; 2154133 |
| 14773 | Samsung SDI Company Ltd. | &nbsp;&nbsp;&nbsp; 2203368 |
| 442885 | Wistron Corporation | &nbsp;&nbsp;&nbsp; 1636667 |
|  |  | &nbsp;&nbsp; 5994168 |
|  | **TECHNOLOGY SERVICES - 0.4%** |  |
| 10874 | Wolters Kluwer N.V. | &nbsp;&nbsp;&nbsp; 1368631 |
|  | **TELECOMMUNICATIONS - 1.1%** |  |
| 235477 | MTN Group Ltd. | &nbsp;&nbsp;&nbsp; 1999629 |
| 613842 | Singapore Telecommunications Ltd. | &nbsp;&nbsp;&nbsp; 2061879 |
|  |  | &nbsp;&nbsp; 4061508 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL 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 — 98.6% (Continued)** |  |
|  | **TRANSPORTATION & LOGISTICS - 4.5%** |  |
| 70116 | Aena SME S.A. 144A<sup>,(b)</sup> | &nbsp;&nbsp;&nbsp; $2029091 |
| 17962 | Canadian National Railway Company | &nbsp;&nbsp;&nbsp; 1738849 |
| 7688 | DSV A/S | &nbsp;&nbsp;&nbsp; 1702428 |
| 86309 | East Japan Railway Company | &nbsp;&nbsp;&nbsp; 2122386 |
| 1338054 | Eva Airways Corporation | &nbsp;&nbsp;&nbsp; 1700026 |
| 8454 | Kuehne + Nagel International A.G. | &nbsp;&nbsp;&nbsp; 1720045 |
| 87040 | Poste Italiane SpA 144A<sup>,(b)</sup> | &nbsp;&nbsp;&nbsp; 2037280 |
| 32612 | Ryanair Holdings plc - ADR | &nbsp;&nbsp;&nbsp; 2069884 |
| 206114 | Transurban Group | &nbsp;&nbsp;&nbsp; 1969285 |
|  |  | &nbsp;&nbsp; 17089274 |
|  | **WHOLESALE - CONSUMER STAPLES - 0.5%** |  |
| 35576 | ITOCHU Corporation | &nbsp;&nbsp;&nbsp; 2032645 |
|  | **TOTAL COMMON STOCKS (Cost $319,281,569)** | &nbsp;&nbsp; 374658647 |
|  | **PREFERRED STOCK** — **0.6%** |  |
|  | **CHEMICALS** — **0.6%** |  |
| 52771 | Sociedad Quimica y Minera de Chile S.A., Class B **(Cost $2,458,392)** | &nbsp;&nbsp;&nbsp; 2407592 |
|  | **TOTAL INVESTMENTS - 99.2% (Cost $321,739,961)** | &nbsp;&nbsp;&nbsp; $377066239 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.8%** | &nbsp;&nbsp; 2889565 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $379955804 |

---

---

| | |
|:---|:---|
| A.B. | - Aktiebolag |
| ADR | - American Depositary Receipt |
| A.G. | - Aktiengesellschaft |
| ASA | - Allmennaksjeselskap |
| A/S | - Anonim Sirketi |
| GDR | - Global Depositary Receipt |
| LTD | - Limited Company |
| N.V. | - Naamioze Vennootschap |
| OYJ | - Julkinen osakeyhtiö |
| PLC | - Public Limited Company |
| P.T. | - Perseroan Terbatas |
| REIT | - Real Estate Investment Trust |
| S.A. | - Société Anonyme |
| S.A.B. de C.V. | - Sociedad Anonima Bursátil de Capital Variable |
| SCA | - Société en Commandite par Actions |
| S.E. | - Societas Europaea |
| SpA | - Società per azioni |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of August 31, 2025 the total market value of 144A securities is $5,884,293 or 1.5% of net assets. |

---

---

| | |
|:---|:---|
| **INSPIRE INTERNATIONAL ETF** | **INSPIRE INTERNATIONAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **AUGUST 31, 2025** | **AUGUST 31, 2025** |
| **Diversification of Assets** | **Diversification of Assets** |
| **Country** | **Percentage of Net Assets** |
| **Common Stocks** |  |
| Japan | 8.3% |
| Canada | 8.1% |
| Switzerland | 6.7% |
| Australia | 6.7% |
| Germany | 6.7% |
| United Kingdom | 5.3% |
| France | 4.1% |
| Hong Kong | 4.1% |
| Italy | 4.0% |
| Netherlands | 3.3% |
| Denmark | 3.1% |
| Spain | 2.5% |
| Finland | 2.4% |
| South Africa | 2.1% |
| Austria | 2.0% |
| Thailand | 2.0% |
| Norway | 2.0% |
| Indonesia | 1.9% |
| Korea (Republic Of) | 1.9% |
| Brazil | 1.9% |
| Taiwan Province Of China | 1.8% |
| Ireland | 1.6% |
| Belgium | 1.6% |
| Sweden | 1.5% |
| Singapore | 1.5% |
| Poland | 1.4% |
| Philippines | 1.4% |
| Cayman Islands | 1.1% |
| Hungary | 1.0% |
| Chile | 1.0% |
| Mexico | 1.0% |
| Portugal | 1.0% |
| Israel | 1.0% |
| Colombia | 0.6% |
| Turkey | 0.5% |
| New Zealand | 0.5% |
| India | 0.5% |
| United States | 0.5% |
| **Total Common Stocks** | **98.6%** |
| **Preferred Stock** |  |
| Chile | 0.6% |
| **Total Preferred Stock** | **0.6%** |
| Other Assets in Excess of Liabilities | 0.8% |
| **Total Net Assets** | **100.0%** |

---

## 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:** 2025-08-31

**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:** $380226869.58

**Total Liabilities:** $271065.63

**Net Assets:** $379955803.95

**Cash Not Reported:** $523731.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214760 | 3.59%                | -1.02%               | 2.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1106.37                | $11532661.67                               |
| Month 2  | $5358800.73              | $-9450013.23                               |
| Month 3  | $1.11                    | $10164125.54                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sse PLC                                     | SSE PLC                   | CUSIP: G8842P102<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     73649 | NS      | $1721980.35   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                    | ICON PLC                  | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     12802 | NS      | $2277987.88   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO Tinto Limited                           | RIO TINTO LTD             | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     25993 | NS      | $1964146.14   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                   | PROSUS NV                 | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     33155 | NS      | $2048093.99   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong (Holdings) Ltd.               | BOC HONG KONG             | CUSIP: Y0920U103<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |    400966 | NS      | $1811570.13   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Transurban Group                            | TRANSURBAN GROUP          | CUSIP: Q9194A106<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    206114 | NS      | $1969284.99   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencosud S.A.                               | CENCOSUD SA               | CUSIP: P2205J100<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |    541163 | NS      | $1715539.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG                           | SONOVA HOLDING A          | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      6184 | NS      | $1799957.01   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N V                                 | FERRARI NV                | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      3775 | NS      | $1801467.75   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| New World Development Co Ltd.               | NEW WORLD DEV             | CUSIP: Y6266R109<br>LEI: 2549008GWMWXTIRL4S48 | Long             | EC               | CORP              | HK        |   2537832 | NS      | $2155157.98   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kion Group AG                               | KION GROUP AG             | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     33839 | NS      | $2200781.85   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA              | BB SEGURIDADE PA          | CUSIP: P1R1WJ103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    285483 | NS      | $1719574.12   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Bank Group Ltd.                    | STANDARD BANK GR          | CUSIP: S80605140<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |    144470 | NS      | $2038083.06   | 0.54%             |  |  |  | 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        |    655350 | NS      | $2039234.94   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                               | ALFA LAVAL AB             | CUSIP: W04008152<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |     43767 | NS      | $1990787.99   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd.                         | SAMSUNG SDI CO            | CUSIP: Y74866107<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     14773 | NS      | $2203368.45   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Celltrion Inc                               | CELLTRION INC             | CUSIP: Y1242A106<br>LEI: 988400JFZG785WJX3D68 | Long             | EC               | CORP              | KR        |     15678 | NS      | $1893270.89   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM Birlesik Magaz                          | BIM                       | CUSIP: M2014F102<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |    157192 | NS      | $2024705.21   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                             | ANTOFAGASTA PLC           | CUSIP: G0398N128<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |     73753 | NS      | $2138071.48   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                              | Prudential PLC            | CUSIP: G72899100<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    146376 | NS      | $1955715.67   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Limited          | FAIRFAX FINL HLD          | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1044 | NS      | $1797320.48   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano S A                                  | SUZANO SA                 | CUSIP: P8T20U187<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |    198160 | NS      | $1920129.54   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                        | HERMES INTL               | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       693 | NS      | $1695008.77   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WSP Global Inc                              | WSP Global Inc            | CUSIP: 92938W202<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | EC               | CORP              | CA        |      9207 | NS      | $1874987.26   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group AG                        | JULIUS BAER GROU          | CUSIP: H4414N103<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     27425 | NS      | $1977632.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                                | KBC GROUP                 | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     18058 | NS      | $2128136.04   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tryg AS                                     | TRYG A/S                  | CUSIP: K9640A110<br>LEI: 213800ZRS8AC4LSTCE39 | Long             | EC               | CORP              | DK        |     71857 | NS      | $1889619.38   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                      | UCB SA                    | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      9270 | NS      | $2167048.19   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Americas SA                            | ENEL AMERICAS SA          | CUSIP: P37186106<br>LEI: 549300LKH11TFCJLZK20 | Long             | EC               | CORP              | CL        |  19307783 | NS      | $2007689.80   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                                      | EDP                       | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    424007 | NS      | $1878248.34   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd.                    | MAHINDRA & M-GDR          | CUSIP: Y54164119<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     49495 | NS      | $1771921.00   | 0.47%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Givaudan SA                                 | GIVAUDAN-REG              | CUSIP: H3238Q102<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |       378 | NS      | $1592006.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                      | YARA INTL ASA             | CUSIP: R9900C106<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     50677 | NS      | $1843562.59   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Argos S.A.                            | GRUPO ARGOS SA            | CUSIP: P0275K122<br>LEI: 254900HANAO95XIAE681 | Long             | EC               | CORP              | CO        |    340129 | NS      | $1449413.35   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Company           | CAN NATL RAILWAY          | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     17962 | NS      | $1738848.73   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 S.A. - Brasil, Bolsa, Balcao             | B3 SA                     | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    713909 | NS      | $1714266.38   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                      | AGNICO EAGLE MIN          | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     15997 | NS      | $2306452.08   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Prime Holdings Inc.                      | SM PRIME HLDGS            | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |   4510546 | NS      | $1823160.33   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd.       | SUMITOMO REALTY           | CUSIP: J77841112<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |     47952 | NS      | $1988986.59   | 0.52%             |  |  |  | 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        |     52771 | NS      | $2407591.56   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc                                  | FORTIS INC                | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     39178 | NS      | $1949842.57   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LG H&H Co Ltd.                              | LG H&H                    | CUSIP: Y5275R100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7714 | NS      | $1642423.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                  | GARMIN LTD                | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      8908 | NS      | $2154132.56   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd.                              | FORTESCUE LTD             | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |    183207 | NS      | $2313916.04   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.     | TERNA-RETE ELETT          | CUSIP: T9471R100<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    183351 | NS      | $1843590.13   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                             | IBERDROLA SA              | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     96642 | NS      | $1817195.17   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp.                             | ADVANTEST CORP            | CUSIP: J00210104<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     25228 | NS      | $2004102.28   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Covestro AG                                 | COVESTRO-TEND             | CUSIP: D15349117<br>LEI: 3912005AWHKLQ1CPLV11 | Long             | EC               | CORP              | DE        |     26164 | NS      | $1817922.10   | 0.48%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Tourmaline Oil Corp.                        | TOURMALINE OIL C          | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |     38723 | NS      | $1644391.71   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize Ltd.                                 | AMRIZE LTD                | CUSIP: H2927K103<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |     15705 | NS      | $819244.53    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SCB X PCL                                   | SCB X PCL                 | CUSIP: Y753YV119<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |    525078 | NS      | $2089870.78   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Poste Italiane S.p.A.                       | POSTE ITALIANE            | CUSIP: T7S697106<br>LEI: 815600354DEDBD0BA991 | Long             | EC               | NUSS              | IT        |     87040 | NS      | $2037279.68   | 0.54%             |  |  |  | Yes           |                  1 | On Loan: No      |
| EVA Airways Corp.                           | EVA AIRWAYS               | CUSIP: Y2361Y107<br>LEI: 254900S1P4XOXV67GC07 | Long             | EC               | CORP              | TW        |   1338054 | NS      | $1700026.09   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam S.p.A.                                 | SNAM SPA                  | CUSIP: T8578N103<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |    311398 | NS      | $1895561.11   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Afry AB                                     | AFRY AB                   | CUSIP: W05244111<br>LEI: 549300Q87LKPPD4X9R30 | Long             | EC               | CORP              | SE        |    109818 | NS      | $1733521.39   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                               | BEIERSDORF AG             | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |     14759 | NS      | $1696016.10   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Siam Cement Public Co Ltd.                  | SIAM CEMENT-NVDR          | CUSIP: Y7866P121<br>LEI: 529900SEH9QK8ZZDCQ89 | Long             | EC               | CORP              | TH        |    361597 | NS      | $2407996.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                     | SIKA AG-REG               | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      6712 | NS      | $1556033.79   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV AS                                      | DSV A/S                   | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      7688 | NS      | $1702428.31   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.      | CHECK POINT SOFT          | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      8546 | NS      | $1650574.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia (Persero) Tbk         | BANK RAKYAT INDO          | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |   7832606 | NS      | $1927103.72   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri (Persero) Tbk PT               | BANK MANDIRI              | CUSIP: Y7123S108<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |   5970080 | NS      | $1715477.70   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                  | VONOVIA SE                | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     52590 | NS      | $1699686.16   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth Bank of Australia              | COMMONW BK AUSTR          | CUSIP: Q26915100<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     15280 | NS      | $1702888.55   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                            | TOTALENERGIES SE          | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     30040 | NS      | $1879915.78   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Life Holding AG                       | SWISS LIFE H AG           | CUSIP: H8404J162<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |      1838 | NS      | $1984643.07   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Chandra Asri Pacific Tbk                 | CHANDRA ASRI PAC          | CUSIP: Y1292Y103<br>LEI: 254900146Z996100HK31 | Long             | EC               | CORP              | ID        |   3100029 | NS      | $1553686.85   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                     | E.ON SE                   | CUSIP: D24914133<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |    100745 | NS      | $1796534.72   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited          | CAN NATURAL RES           | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     58956 | NS      | $1866965.04   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                        | RYANAIR HLDG-ADR          | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     32612 | NS      | $2069883.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                           | EDP RENOVAVEIS S          | CUSIP: E3847K101<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    159392 | NS      | $1871909.79   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SEB SA                                      | SEB SA                    | CUSIP: F82059100<br>LEI: 969500WP61NBK098AC47 | Long             | EC               | CORP              | FR        |     18954 | NS      | $1379037.08   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                   | HOLCIM LTD                | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     13517 | NS      | $1131822.39   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group PLC                          | INTERTEK GROUP            | CUSIP: G4911B108<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |     28115 | NS      | $1782075.76   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Legal & General Group PLC                   | LEGAL & GEN GRP           | CUSIP: G54404127<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |    529574 | NS      | $1771401.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                 | CONSTELLATION SO          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       512 | NS      | $1696416.85   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Tomra Systems ASA                           | TOMRA SYSTEMS AS          | CUSIP: R91733155<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |    121611 | NS      | $1848494.85   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bureau Veritas SA                           | BUREAU VERITAS S          | CUSIP: F96888114<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |     53593 | NS      | $1614873.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd.                      | CK ASSET HOLDING          | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |    414638 | NS      | $1953124.94   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                     | ENI SPA                   | CUSIP: T3643A145<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |    114077 | NS      | $2033877.21   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                 | EQUINOR ASA               | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     73203 | NS      | $1804480.58   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Industries Corp.                     | TOYOTA INDUSTRIE          | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     16308 | NS      | $1813146.62   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                   | PARTNERS GROUP J          | CUSIP: H6120A101<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      1433 | NS      | $1965503.77   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                     | STMICROELECTRONI          | CUSIP: N83574108<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |     61290 | NS      | $1666852.85   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Thailand Public Co Ltd    | DELTA ELEC-NVDR           | CUSIP: Y20266121<br>LEI: 529900JKLVG9Y2SVWL93 | Long             | EC               | CORP              | TH        |    627170 | NS      | $2913862.26   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                                    | HERA SPA                  | CUSIP: T5250M106<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    387995 | NS      | $1667439.03   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                  | GEBERIT AG-REG            | CUSIP: H2942E124<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      2349 | NS      | $1720885.57   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fanuc Corp.                                 | FANUC CORP                | CUSIP: J13440102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     68243 | NS      | $1940022.28   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Huhtamaki Oyj                               | HUHTAMAKI OYJ             | CUSIP: X33752100<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |     50380 | NS      | $1789141.19   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                      | TRANE TECHNOLOGI          | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4284 | NS      | $1780430.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                      | OMV AG                    | CUSIP: A51460110<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     34565 | NS      | $1902712.48   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                      | INTESA SANPAOLO           | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    323417 | NS      | $2033414.88   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes                           | DASSAULT SYSTEME          | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     50812 | NS      | $1581002.69   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Santos Ltd.                                 | Santos Ltd                | CUSIP: Q82869118<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |    369742 | NS      | $1940534.55   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                | FERROVIAL SE              | CUSIP: N3168P101<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     34804 | NS      | $1900805.66   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.         | HKEX                      | CUSIP: Y3506N139<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     34405 | NS      | $1990473.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                          | CENOVUS ENERGY            | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    136028 | NS      | $2262263.46   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajinomoto Co Inc.                           | Ajinomoto Co Inc          | CUSIP: J00882126<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     69054 | NS      | $1883671.07   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Evonik Industries AG                        | EVONIK INDUSTRIE          | CUSIP: D2R90Y117<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |     86088 | NS      | $1660534.71   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd.                              | BHP GROUP LTD             | CUSIP: Q1498M100<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     75473 | NS      | $2133158.09   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuehne & Nagel International AG             | KUEHNE & NAGEL-R          | CUSIP: H4673L145<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |      8454 | NS      | $1720044.99   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wistron Corp                                | WISTRON CORP              | CUSIP: Y96738102<br>LEI: 254900DIEONKUALBFM06 | Long             | EC               | CORP              | TW        |    442885 | NS      | $1636667.05   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCO Corp.                                 | DISCO CORP                | CUSIP: J12327102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6355 | NS      | $1788015.34   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ALS Ltd.                                    | ALS LTD                   | CUSIP: Q0266A116<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |    167086 | NS      | $2032673.74   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank PLC                                | OTP BANK PLC              | CUSIP: X60746181<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     23218 | NS      | $2023574.58   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Edenred SA                                  | EDENRED                   | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     59716 | NS      | $1725330.68   | 0.45%             |  |  |  | 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        |   2179175 | NS      | $1959604.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME S.A.                               | AENA SME SA               | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     70116 | NS      | $2029090.93   | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Wilmar International Ltd.                   | WILMAR INTERNATI          | CUSIP: Y9586L109<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    810051 | NS      | $1862360.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                           | ASHTEAD GROUP             | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     28484 | NS      | $2096495.08   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Voestalpine AG                              | voestalpine AG            | CUSIP: A9101Y103<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |     65682 | NS      | $2174290.09   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                            | BROOKFIELD CORP           | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     30180 | NS      | $1983724.91   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeon Co Ltd.                                | Aeon Co Ltd               | CUSIP: J00288100<br>LEI: 5299009MXFL34SA71416 | Long             | EC               | CORP              | JP        |    186765 | NS      | $2270911.53   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                          | DEUTSCHE BOERSE           | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      5687 | NS      | $1673703.59   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| President Chain Store Corp.                 | PRESIDENT CHAIN           | CUSIP: Y7082T105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    206112 | NS      | $1715465.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bollore SE                                  | BOLLORE SE                | CUSIP: F10659260<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    294893 | NS      | $1720582.85   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                  | PEKAO                     | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     35591 | NS      | $1789854.48   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole S.A.                        | CREDIT AGRICOLE           | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     98510 | NS      | $1801042.58   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                             | DANSKE BANK A/S           | CUSIP: K22272114<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     45358 | NS      | $1864513.30   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corporation         | WHEATON PRECIOUS          | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     21232 | NS      | $2132244.10   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KakaoBank Corp.                             | KAKAOBANK CORP            | CUSIP: Y451AA104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     79714 | NS      | $1415792.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Renesas Electronics Corp.                   | RENESAS ELECTRON          | CUSIP: J4881V107<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    151291 | NS      | $1818987.92   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Group Ltd                               | MTN Group Ltd             | CUSIP: S8039R108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    235477 | NS      | $1999628.96   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CSL Ltd.                                    | CSL LTD                   | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |     12085 | NS      | $1683643.51   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                          | FRANCO-NEVADA CO          | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     11555 | NS      | $2177726.47   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Worley Ltd.                                 | WorleyParsons Ltd         | CUSIP: Q9858A103<br>LEI: 549300XDR86FY8OLGP97 | Long             | EC               | CORP              | AU        |    216532 | NS      | $2081575.21   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast AS                                | COLOPLAST-B               | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     19526 | NS      | $1875190.26   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc.               | ALIMEN COUCHE             | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     37386 | NS      | $1894957.19   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| H Lundbeck A S                              | H LUNDBECK A/S-A          | CUSIP: K4406L145<br>LEI: 5493006R4KC2OI5D3470 | Long             | EC               | CORP              | DK        |    400272 | NS      | $2092012.84   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisetech Global Ltd.                        | WISETECH GLOBAL           | CUSIP: Q98056106<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |     26053 | NS      | $1735445.89   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd.               | CHUGAI PHARMA CO          | CUSIP: J06930101<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     35535 | NS      | $1573804.43   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel N.V.                             | AKZO NOBEL                | CUSIP: N01803308<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     26296 | NS      | $1814790.03   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-ichi Life Holdings Inc.                 | DAI-ICHI LIFE HO          | CUSIP: J09748112<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |    246339 | NS      | $2055800.17   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                        | STRAUMANN HLDG-R          | CUSIP: H8300N127<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     14125 | NS      | $1656178.14   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                  | Symrise AG                | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     16522 | NS      | $1599825.90   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                     | CRODA INTL.               | CUSIP: G25536155<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     44664 | NS      | $1513911.13   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik AB                                  | SANDVIK AB                | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     79936 | NS      | $2019421.92   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                     | FRESENIUS SE & C          | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     37042 | NS      | $2010900.95   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel S.p.A.                                 | ENEL SPA                  | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    195618 | NS      | $1804014.87   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone Oyj                                    | KONE OYJ-B                | CUSIP: X4551T105<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |     28132 | NS      | $1767751.83   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd.                   | UNITED OVERSEAS           | CUSIP: Y9T10P105<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     65475 | NS      | $1795660.03   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                      | RWE AG                    | CUSIP: D6629K109<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     44120 | NS      | $1767070.77   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab As                                   | GENMAB A/S                | CUSIP: K3967W102<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      8988 | NS      | $2236798.48   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                    | AIA                       | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    202403 | NS      | $1905773.39   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                           | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    470756 | PA      | $470756.46    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeronimo Martins - S.G.P.S., S.A.           | JERONIMO MARTINS          | CUSIP: X40338109<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |     73176 | NS      | $1809498.94   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Limited                             | NASPERS LTD-N             | CUSIP: S53435111<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      5987 | NS      | $1971401.45   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Naturgy Energy Group S.A.                   | NATURGY ENERGY            | CUSIP: E7S90S109<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     58822 | NS      | $1864634.69   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                               | GOODMAN GROUP             | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     83055 | NS      | $1866984.65   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Solvay NV/SA                                | SOLVAY SA-A               | CUSIP: B82095116<br>LEI: 549300MMVL80RTBP3O28 | Long             | EC               | CORP              | BE        |     52663 | NS      | $1730998.13   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Prada S.p.A.                                | PRADA                     | CUSIP: T7733C101<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |    304399 | NS      | $1789190.40   | 0.47%             |  |  |  | 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        |    198914 | NS      | $1811787.13   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                       | NXP SEMICONDUCTO          | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      8578 | NS      | $2014543.30   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Holding Co Ltd.             | FIRST FINANCIAL           | CUSIP: Y2518F100<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |   1900650 | NS      | $1762163.54   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                      | VALTERRA PLATINUM (JSE)   | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     42030 | NS      | $1925009.98   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA | PKOBP                     | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |     90727 | NS      | $1767780.95   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Corporation                     | UPM-KYMMENE OYJ           | CUSIP: X9518S108<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     66940 | NS      | $1905076.85   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Eneos Holdings Inc                          | ENEOS HOLDINGS I          | CUSIP: J29699105<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    376319 | NS      | $2252787.74   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Investments Corp.                        | SM INVESTMENTS            | CUSIP: Y80676102<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |    118146 | NS      | $1560808.92   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd.                  | WOODSIDE ENERGY           | CUSIP: Q98327333<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |    119404 | NS      | $2063647.43   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                                | GEA GROUP AG              | CUSIP: D28304109<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     26471 | NS      | $1925951.81   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental AG                              | CONTINENTAL AG            | CUSIP: D16212140<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     21349 | NS      | $1872938.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp.                                | ITOCHU CORP               | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     35576 | NS      | $2032644.55   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp.                                 | INPEX CORP                | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |    134183 | NS      | $2298970.48   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| REA Group Ltd.                              | REA GROUP LTD             | CUSIP: Q8051B108<br>LEI: 894500KA4UBDATOFPN36 | Long             | EC               | CORP              | AU        |     12064 | NS      | $1981824.44   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| National Australia Bank Ltd.                | NATL AUST BANK            | CUSIP: Q65336119<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     72140 | NS      | $2020071.07   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Group Ltd.                            | DELEK GROUP LTD           | CUSIP: M27635107<br>LEI: 213800CYKA4XE2HZZB09 | Long             | EC               | CORP              | IL        |      9206 | NS      | $2027024.36   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                 | MOL                       | CUSIP: X5S32S129<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |    212857 | NS      | $1830663.18   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Weg SA                                      | WEG SA                    | CUSIP: P9832B129<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    237409 | NS      | $1652869.64   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo PLC                                   | SAMPO OYJ-A SHS           | CUSIP: X75653232<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    173441 | NS      | $1989428.53   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Telecommunications Ltd.           | SINGAPORE TELECO          | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    613842 | NS      | $2061879.17   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd               | GEELY AUTOMOBILE          | CUSIP: G3777B103<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |    906820 | NS      | $2275349.91   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| UTD Tractors                                | UNITED TRACTORS           | CUSIP: Y7146Y140<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |   1421484 | NS      | $2107053.62   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| East Japan Railway Co.                      | EAST JAPAN RAIL           | CUSIP: J1257M109<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |     86309 | NS      | $2122386.15   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                | 3I GROUP PLC              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     32392 | NS      | $1759425.99   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corporation of Canada                 | POWER CORP CDA            | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     47112 | NS      | $1994116.98   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corp.                      | INTACT FINANCIAL          | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      8155 | NS      | $1633137.69   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EMS-Chemie Holding AG                       | EMS-CHEMIE HLDG           | CUSIP: H22206199<br>LEI: 529900G1XFTGSE0DIX60 | Long             | EC               | CORP              | CH        |      2450 | NS      | $1878468.06   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                    | INFINEON TECH             | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     44239 | NS      | $1809095.15   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp.                                 | Denso Corp                | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    136424 | NS      | $1982305.22   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Foods PLC                           | PREMIER FOODS             | CUSIP: G7S17N124<br>LEI: 213800ZD5I8XHNMCJA67 | Long             | EC               | CORP              | GB        |    675237 | NS      | $1721127.93   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Andritz AG                                  | ANDRITZ AG                | CUSIP: A11123105<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |     25082 | NS      | $1764747.10   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                           | WOLTERS KLUWER            | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     10874 | NS      | $1368630.72   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                                  | VERBUND AG                | CUSIP: A91460104<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |     24142 | NS      | $1721201.19   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Seng Bank Ltd.                         | HANG SENG BANK            | CUSIP: Y30327103<br>LEI: 5493009Z5F07LWZYMK62 | Long             | EC               | CORP              | HK        |    122806 | NS      | $1754943.06   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Krones AG                                   | Krones AG                 | CUSIP: D47441171<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |     11269 | NS      | $1732069.95   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                                  | Fortum OYJ                | CUSIP: X2978Z118<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |     99504 | NS      | $1721445.97   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Properties Ltd.                       | SWIREPROPERTIES           | CUSIP: Y83191109<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    735597 | NS      | $1992930.33   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC Corp.                                   | SMC CORP                  | CUSIP: J75734103<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      5221 | NS      | $1619939.17   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tate & Lyle PLC                             | TATE & LYLE               | CUSIP: G86838151<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |    255526 | NS      | $1835496.66   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd.                           | CLP HOLDINGS              | CUSIP: Y1660Q104<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |    218405 | NS      | $1844916.05   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA - Empresa Nacional Electricidad   | ENDESA                    | CUSIP: E41222113<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     59530 | NS      | $1813266.11   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                       | SCHNEIDER ELECTR          | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      6860 | NS      | $1685510.59   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                                 | AKER BP ASA               | CUSIP: R0139K100<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |     72915 | NS      | $1841626.74   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                 | NUTRIEN LTD               | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     31943 | NS      | $1840964.39   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Clariant AG                                 | Clariant AG               | CUSIP: H14843165<br>LEI: 529900VSEKBY7TMPP349 | Long             | EC               | CORP              | CH        |    171446 | NS      | $1760184.08   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                         | ESSILORLUXOTTICA          | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      6734 | NS      | $2049581.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vector Limited                              | VECTOR LTD                | CUSIP: Q9389B109<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |    728607 | NS      | $2002895.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC             | LONDON STOCK EX           | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     12596 | NS      | $1560711.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| First Gen Corp.                             | FIRST GEN CORPOR          | CUSIP: Y2518H114<br>LEI: 2549001NILAZ2IS02Y35 | Long             | EC               | CORP              | PH        |   5954644 | NS      | $1708769.23   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SGS SA                                      | SGS SA-REG                | CUSIP: H63838116<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |     18160 | NS      | $1851041.79   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo de Inversiones Suramericana SA        | GRUPO DE INV SURAMERICANA | CUSIP: P4950L132<br>LEI: 549300AC1Q176TZL0305 | Long             | EC               | CORP              | CO        |     80229 | NS      | $928487.53    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Orlen SA                                    | ORLEN SA                  | CUSIP: X6922W204<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |     81983 | NS      | $1749948.61   | 0.46%             |  |  |  | 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