# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0001752724-23-014905
**Filing Date:** 2023-1
**Character Count:** 69799
**Document Hash:** 8277a15a065b07bdb948be07c39678a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014905.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014905

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust IV
- **CENTRAL INDEX KEY:** 0001644419
- **IRS NUMBER:** 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:** 23557168

**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 ESG ETF

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

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

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $140932661.93

**Total Liabilities:** $100278.38

**Net Assets:** $140832383.55

**Cash Not Reported:** $170088.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214760 | -9.22%               | 5.39%                | 12.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1.20                   | $-12081408.34                              |
| Month 2  | $-10167122.77            | $16675521.33                               |
| Month 3  | $0.00                    | $15249330.75                               |

### 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 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        |     35095 | NS      | $722868.92    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrovial S.A.                                 | FERROVIAL SA                  | CUSIP: E49512119<br>LEI: 95980020140005757903 | Long             | EC               | CORP              | ES        |     25974 | NS      | $692784.33    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| ICON PLC                                       | ICON PLC                      | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      3196 | NS      | $688546.24    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Hongkong Land Holdings Ltd.                    | HONGKONG LAND                 | CUSIP: G4587L109<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | SG        |    131903 | NS      | $528931.03    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| RIO Tinto Limited                              | RIO TINTO LTD                 | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |      9948 | NS      | $740225.20    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Prosus NV                                      | PROSUS                        | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     11299 | NS      | $735647.54    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Transurban Group                               | TRANSURBAN GROUP              | CUSIP: Q9194A106<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |     74422 | NS      | $721891.38    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Isracard Ltd                                   | ISRACARD LTD                  | CUSIP: M5R26V107<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |         1 | NS      | $2.09         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| SGS SA                                         | SGS SA-REG                    | CUSIP: H7485A108<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |       276 | NS      | $641656.98    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Cencosud S.A.                                  | CENCOSUD SA                   | CUSIP: P2205J100<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |    464306 | NS      | $688145.64    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonova Holding AG                              | SONOVA HOLDING AG             | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      2671 | NS      | $683062.45    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrari N V                                    | FERRARI NV                    | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      3180 | NS      | $709299.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Svenska Handelsbanken AB (publ)                | SVENSKA HAN-A                 | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |     71897 | NS      | $723523.44    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Standard Bank Group Limited                    | Standard Bank Group Ltd       | CUSIP: S80605140<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |     75117 | NS      | $783234.76    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Bimbo S.A.B de C.V.                      | GRUPO BIMBO SAB DE CV         | CUSIP: P4949B104<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |    166643 | NS      | $707257.22    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Alfa-Laval AB                                  | ALFA LAVAL AB                 | CUSIP: W04008152<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |     23367 | NS      | $662604.11    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern Copper Corporation                    | SOUTHERN COPPER               | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     13116 | NS      | $800338.32    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung SDI Co., Ltd.                          | SAMSUNG SDI CO LTD            | CUSIP: Y74866107<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |      1551 | NS      | $867085.12    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Gulf Energy Development Ltd                    | GULF ENERGY DEVELOPMENT       | CUSIP: Y2957T116<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    426902 | NS      | $643967.72    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Celltrion Inc                                  | CELLTRION INC                 | CUSIP: Y1242A106<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4757 | NS      | $642049.08    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Antofagasta PLC                                | ANTOFAGASTA PLC               | CUSIP: G0398N128<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |     48073 | NS      | $816314.29    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential PLC                                 | Prudential PLC                | CUSIP: G72899100<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |     60519 | NS      | $714580.50    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Fairfax Financial Holdings Limited             | Fairfax Financial Holding     | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1282 | NS      | $735542.21    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Suzano S A                                     | SUZANO PAPEL E CELULOSE       | CUSIP: P8T20U187<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     70866 | NS      | $721328.29    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Hermes International                           | Hermes International          | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       505 | NS      | $811588.35    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| WSP Global Inc                                 | WSP Global Inc                | CUSIP: 92938W202<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | EC               | CORP              | CA        |      5347 | NS      | $641364.93    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| KBC Group NV                                   | KBC GROUP                     | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     12459 | NS      | $684608.94    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Tryg AS                                        | TRYG A/S                      | CUSIP: K9640A110<br>LEI: 213800ZRS8AC4LSTCE39 | Long             | EC               | CORP              | DK        |     28685 | NS      | $664260.13    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| UCB SA                                         | UCB SA                        | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      8494 | NS      | $679484.60    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| ACEN Corp                                      | ACEN CORP                     | CUSIP: Y1001H102<br>LEI: 549300LGUZQ61GQQXQ60 | Long             | EC               | CORP              | PH        |   6205242 | NS      | $782117.90    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Thales SA                                      | THALES SA                     | CUSIP: F9156M108<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |      5384 | NS      | $685200.67    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Enel Americas SA                               | ENEL AMERICAS SA              | CUSIP: P37186106<br>LEI: 549300LKH11TFCJLZK20 | Long             | EC               | CORP              | CL        |   5463337 | NS      | $721652.43    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP-Energias de Portugal SA                    | EDP                           | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    135882 | NS      | $639769.49    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Norsk Hydro ASA                                | NORSK HYDRO ASA               | CUSIP: R61115102<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |    110097 | NS      | $811479.37    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| CNH Industrial N.V.                            | CNH INDUSTRIAL N              | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     52241 | NS      | $831131.56    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Givaudan SA                                    | GIVAUDAN-REG                  | CUSIP: H3238Q102<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |       194 | NS      | $649058.44    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| B3 S.A. - Brasil, Bolsa, Balcao                | B3 SA                         | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    252333 | NS      | $620235.99    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                         | Agnico Eagle Mines Ltd        | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     13797 | NS      | $694896.33    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| SM Prime Holdings Inc                          | SM PRIME HOLDINGS INC         | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |   1154464 | NS      | $744947.52    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Realty & Devmt Co Ltd                 | Sumitomo Realty & Develop     | CUSIP: J77841112<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     26044 | NS      | $700874.13    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Sociedad Quimica y Minera de Chile S A         | SOQUIMICH-B                   | CUSIP: P8716X108<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EP               | CORP              | CL        |      6595 | NS      | $652612.14    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortis Inc                                     | FORTIS INC                    | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     15391 | NS      | $619456.97    | 0.44%             |  |  |  | No            | 1                  | On Loan: —       |
| LG H&H Co Ltd                                  | LG HOUSEHOLD & H              | CUSIP: Y5275R100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1338 | NS      | $673104.29    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Garmin Ltd                                     | GARMIN LTD                    | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      7300 | NS      | $678827.00    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortescue Metals Group Ltd                     | FORTESCUE METALS              | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     53913 | NS      | $709227.49    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| America Movil S.A.B. de C.V.                   | AMERICA MOVIL SAB DE CV       | CUSIP: P0280A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    712719 | NS      | $692763.71    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.        | Terna Rete Elettrica Nazi     | CUSIP: T9471R100<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |     96233 | NS      | $732926.89    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Iberdrola, S.A.                                | IBERDROLA SA                  | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     63200 | NS      | $709831.21    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Coca-Cola Europacific Partners PLC             | COCA-COLA EUROPA              | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     13653 | NS      | $724837.77    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| South32 Ltd.                                   | SOUTH32 LTD                   | CUSIP: Q86668102<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |    246090 | NS      | $671519.01    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Sampo PLC                                      | SAMPO OYJ-A SHS               | CUSIP: X75653109<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |     13823 | NS      | $699071.08    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| IHH Healthcare BHD                             | IHH HEALTHCARE BHD            | CUSIP: Y374AH103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    465671 | NS      | $607556.36    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurofins Scientific SE                         | EUROFINS SCIEN                | CUSIP: L31839134<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |      9981 | NS      | $690704.33    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Tourmaline Oil Corp.                           | TOURMALINE OIL C              | CUSIP: 89156V106<br>LEI: 549300EWGW5PUCV5A109 | Long             | EC               | CORP              | CA        |     11329 | NS      | $689512.94    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Groupe Bruxelles Lambert SA                    | GROUPE BRUX LAMB              | CUSIP: B4746J115<br>LEI: 549300KV0ZEHT2KVU152 | Long             | EC               | CORP              | BE        |      8429 | NS      | $672879.75    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena SME S.A.                                  | Aena SA                       | CUSIP: E526K0106<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |      5686 | NS      | $730447.80    | 0.52%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Poste Italiane SpA                             | POSTE ITALIANE                | CUSIP: T7S697106<br>LEI: 815600354DEDBD0BA991 | Long             | EC               | NUSS              | IT        |     78488 | NS      | $767543.62    | 0.55%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Barry Callebaut AG                             | Barry Callebaut AG            | CUSIP: H05072105<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |       310 | NS      | $629958.79    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Snam S.p.A.                                    | SNAM SPA                      | CUSIP: T8578N103<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |    147689 | NS      | $749062.36    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Beiersdorf AG                                  | BEIERSDORF AG                 | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |      5986 | NS      | $648306.63    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Siam Cement Public Co Ltd                      | Siam Cement PCL/The           | CUSIP: Y7866P121<br>LEI: 529900SEH9QK8ZZDCQ89 | Long             | EC               | CORP              | TH        |     68429 | NS      | $654394.31    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Sika AG                                        | SIKA AG-REG                   | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      2909 | NS      | $728556.48    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| DSV AS                                         | DSV A/S                       | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      5084 | NS      | $796014.47    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Check Point Software Technologies Ltd.         | CHECK POINT SOFT              | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      5256 | NS      | $698154.48    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Rakyat Indonesia (Persero) Tbk            | BANK RAKYAT INDO              | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | NUSS              | ID        |   1990071 | NS      | $633788.68    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| China Mengniu Dairy Company Limited            | China Mengniu Dairy Co Lt     | CUSIP: G21096105<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |    146754 | NS      | $653846.64    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Amcor PLC                                      | AMCOR PLC-CDI                 | CUSIP: G0250X123<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |     54756 | NS      | $667910.21    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Mandiri (Persero) Tbk PT                  | Bank Mandiri Persero Tbk      | CUSIP: Y7123S108<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | NUSS              | ID        |    963541 | NS      | $648543.14    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Vonovia SE                                     | VONOVIA SE                    | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     27647 | NS      | $676628.50    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Commonwealth Bank of Australia                 | COMMONW BK AUSTR              | CUSIP: Q26915100<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     10126 | NS      | $741372.77    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                               | TOTALENERGIES SE              | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     12596 | NS      | $791482.35    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Swiss Life Holding AG                          | SWISS LIFE H AG               | CUSIP: H8404J162<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |      1324 | NS      | $701805.35    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Chandra Asri Petrochemical Tbk Pt              | CHANDRA ASRI                  | CUSIP: Y1292Y103<br>LEI: 254900146Z996100HK31 | Long             | EC               | CORP              | ID        |   3699831 | NS      | $565491.85    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| E.ON SE                                        | E.ON SE                       | CUSIP: D24914133<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     76573 | NS      | $727914.20    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Natural Resources Limited             | CAN NATURAL RES               | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     13011 | NS      | $776794.89    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryanair Holdings PLC                           | RYANAIR HLDG-ADR              | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     10080 | NS      | $762955.20    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Emera Inc                                      | EMERA INC                     | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     13893 | NS      | $540884.66    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP Renovaveis SA                              | EDP RENOVAVEIS S              | CUSIP: E3847K101<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |     28481 | NS      | $654309.28    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Holcim Ltd                                     | HOLCIM LTD                    | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     14198 | NS      | $731580.34    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG         | Chocoladefabriken Lindt &     | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EP               | CORP              | CH        |        60 | NS      | $628976.01    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Legal & General Group PLC                      | LEGAL & GEN GRP               | CUSIP: G54404127<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |    247847 | NS      | $751784.93    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Compagnie Financiere Richemont Sa              | CIE FINANCI-REG               | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      6254 | NS      | $819833.77    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Novozymes A/S                                  | NOVOZYMES-B SHS               | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     11776 | NS      | $676223.85    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Tenaga Nasional Bhd                            | Tenaga Nasional Bhd           | CUSIP: Y85859109<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |    341299 | NS      | $723211.47    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Investor AB                                    | INVESTOR AB-B                 | CUSIP: W5R777115<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     39833 | NS      | $732272.39    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| PTT Exploration and Production Public Co Ltd.  | PTT EXPLOR-NVDR               | CUSIP: Y7145P140<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |    138564 | NS      | $741426.84    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| CK Asset Holdings Ltd.                         | CK ASSET HOLDING              | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |     98475 | NS      | $586884.15    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Eni SpA                                        | ENI SPA                       | CUSIP: T3643A145<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     55456 | NS      | $827622.15    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinor ASA                                    | EQUINOR ASA                   | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     18052 | NS      | $694966.94    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Toyota Industries Corp.                        | Toyota Industries Corp        | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     12444 | NS      | $703829.84    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Partners Group Holding AG                      | PARTNERS GROUP J              | CUSIP: H6120A101<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |       737 | NS      | $720411.07    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| STMicroelectronics N.V.                        | STMICROELECTRONI              | CUSIP: N83574108<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |     19152 | NS      | $719447.13    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Electronics PLC                          | DELTA ELEC-NVDR               | CUSIP: Y20266121<br>LEI: 529900JKLVG9Y2SVWL93 | Long             | EC               | CORP              | TH        |     33805 | NS      | $646562.12    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Geberit AG                                     | GEBERIT AG-REG                | CUSIP: H2942E124<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      1372 | NS      | $647796.26    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Fanuc Corporation                              | FANUC CORP                    | CUSIP: J13440102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |      4226 | NS      | $623261.86    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| OMV AG                                         | OMV AG                        | CUSIP: A51460110<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     16306 | NS      | $852166.03    | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Intesa Sanpaolo S.p.A.                         | INTESA SANPAOLO               | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    357138 | NS      | $789588.29    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Dassault Systemes                              | DASSAULT SYSTEME              | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     16920 | NS      | $618501.98    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Swedbank AB (publ)                             | SWEDBANK AB-A                 | CUSIP: W94232100<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |     44818 | NS      | $722312.56    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Santos Ltd.                                    | Santos Ltd                    | CUSIP: Q82869118<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |    128850 | NS      | $647223.73    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Goto Gojek Tokopedia Tbk                       | GOTO GOJEK TOKOP              | CUSIP: Y2732C107<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  36669696 | NS      | $354103.99    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Engie SA                                       | GDF SUEZ                      | CUSIP: F7629A107<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     51117 | NS      | $773305.73    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.            | Hong Kong Exchanges & Cle     | CUSIP: Y3506N139<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     17240 | NS      | $675406.75    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Cenovus Energy Inc                             | CENOVUS ENERGY                | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     40109 | NS      | $797611.99    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Ajinomoto Co                                   | Ajinomoto Co Inc              | CUSIP: J00882126<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     21398 | NS      | $671767.40    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| BHP Group Ltd.                                 | BHP GROUP LTD                 | CUSIP: Q1498M100<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     23697 | NS      | $732207.06    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Kuehne & Nagel International AG                | KUEHNE & NAGEL-R              | CUSIP: H4673L145<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |      2850 | NS      | $688481.45    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| OTP Bank PLC                                   | OTP BANK PLC                  | CUSIP: X60746181<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     32514 | NS      | $889106.38    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Edenred SA                                     | EDENRED                       | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     12759 | NS      | $697637.34    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Copco AB                                 | ATLAS COPCO-A                 | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     61832 | NS      | $760700.43    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Hongkong & China Gas Co Ltd.                   | HONG KG CHINA GS              | CUSIP: Y33370100<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |    671679 | NS      | $571000.59    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Wilmar International Ltd.                      | Wilmar International Ltd      | CUSIP: Y9586L109<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    218361 | NS      | $657921.69    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashtead Group                                  | Ashtead Group PLC             | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     13027 | NS      | $781334.17    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| SEGRO PLC                                      | Segro PLC                     | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |     69609 | NS      | $663638.19    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Aeon Co Ltd.                                   | Aeon Co Ltd                   | CUSIP: J00288100<br>LEI: 5299009MXFL34SA71416 | Long             | EC               | CORP              | JP        |     31430 | NS      | $642557.36    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Boerse AG                             | DEUTSCHE BOERSE               | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      3603 | NS      | $660312.25    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Bollore SE                                     | BOLLORE SE                    | CUSIP: F10659260<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    127218 | NS      | $710448.51    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Nice Limited                                   | Nice Ltd                      | CUSIP: M7494X101<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      3138 | NS      | $595130.00    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Credit Agricole S.A.                           | CREDIT AGRICOLE               | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     72787 | NS      | $728780.03    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Telefonica Brasil S.A                          | TELEF BRASIL                  | CUSIP: P9T369176<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |     80624 | NS      | $589863.52    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Danske Bank A/S                                | DANSKE BK A/S                 | CUSIP: K22272114<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     47133 | NS      | $840854.01    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Malayan Banking Berhad                         | Malayan Banking Bhd           | CUSIP: Y54671105<br>LEI: 5493004OT3TOY404V310 | Long             | EC               | CORP              | MY        |    320216 | NS      | $621631.78    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding N.V.                              | ASML HOLDING NV               | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1441 | NS      | $842409.98    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Wheaton Precious Metals Corporation            | WHEATON PRECIOUS              | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     18390 | NS      | $717739.90    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| KakaoBank Corp.                                | KAKAOBANK CORP                | CUSIP: Y451AA104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     42237 | NS      | $811377.95    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| MTN Group Ltd                                  | MTN Group Ltd                 | CUSIP: S8039R108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     88714 | NS      | $723665.24    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| CSL Ltd                                        | CSL LTD                       | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |      3222 | NS      | $656363.30    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Franco Nevada Corp                             | Franco-Nevada Corp            | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4982 | NS      | $727729.92    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Coloplast AS                                   | COLOPLAST-B                   | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |      5817 | NS      | $678487.89    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Chugai Pharmaceutical Co Ltd                   | CHUGAI PHARMA CO              | CUSIP: J06930101<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     23365 | NS      | $613211.96    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Compagnie de Saint-Gobain SA                   | SAINT GOBAIN                  | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     16146 | NS      | $735889.53    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Stora Enso Oyj                                 | STORA ENSO OYJ-R              | CUSIP: X8T9CM113<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     45856 | NS      | $667678.27    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Akzo Nobel N.V.                                | AKZO NOBEL                    | CUSIP: N01803308<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     10380 | NS      | $737782.45    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Macquarie Group Ltd.                           | MACQUARIE GROUP               | CUSIP: Q57085286<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |      6012 | NS      | $729299.84    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| CRH PLC                                        | CRH PLC                       | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     18392 | NS      | $730052.44    | 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        |     37354 | NS      | $688058.71    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Symrise AG                                     | Symrise AG                    | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |      6016 | NS      | $682895.60    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke KPN N.V.                           | KPN (KONIN) NV                | CUSIP: N4297B146<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    218644 | NS      | $670192.38    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Telstra Group Limited                          | TELSTRA GROUP LT              | CUSIP: Q8975N105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    238537 | NS      | $644432.03    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Sandvik AB                                     | SANDVIK AB                    | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     42782 | NS      | $778335.40    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| WNS Holdings Ltd                               | WNS HOLDINGS-ADR              | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |      7259 | NS      | $612078.88    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresenius SE & Co. KGaA                        | FRESENIUS SE & C              | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     27370 | NS      | $757394.46    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Telia Company AB                               | Telia Co AB                   | CUSIP: W95890104<br>LEI: 213800FSR9RNDUOTXO25 | Long             | EC               | CORP              | SE        |    204979 | NS      | $558793.48    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Enel - Societa per Azioni                      | ENEL SPA                      | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    143176 | NS      | $765852.87    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Schindler Holding AG                           | SCHINDLER HLD-PC              | CUSIP: H7258G209<br>LEI: 5299007DRLI319H7Q933 | Long             | EP               | CORP              | CH        |      3742 | NS      | $700512.84    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| United Overseas Bank Ltd.                      | UNITED OVERSEAS               | CUSIP: Y9T10P105<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     32253 | NS      | $739503.08    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| BBH SWEEP VEHICLE                              | BBH SWEEP VEHICLE             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |     47990 | PA      | $47990.04     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Jeronimo Martins - S.G.P.S., S.A.              | Jeronimo Martins SGPS SA      | CUSIP: X40338109<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |     31400 | NS      | $693561.16    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Naspers Limited                                | NASPERS LTD-N                 | CUSIP: S53435103<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      4693 | NS      | $716625.08    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Imperial Bank of Commerce             | Canadian Imperial Bank of     | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     13455 | NS      | $648063.76    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Naturgy Energy Group S.A.                      | NATURGY ENERGY GROUP SA       | CUSIP: E7S90S109<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     25643 | NS      | $715481.91    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Goodman Group                                  | GOODMAN GROUP                 | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     58198 | NS      | $755325.66    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Prada S.p.A.                                   | PRADA                         | CUSIP: T7733C101<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |    127693 | NS      | $698891.75    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Financiero Banorte S.A.B. de C.V.        | GRUPO FINANCIERO BANORTE      | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     91566 | NS      | $735040.00    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| NXP Semiconductors NV                          | NXP SEMICONDUCTO              | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      3975 | NS      | $698964.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Anglo American Platinum Ltd                    | ANGLO AMERICAN PLATINUM L     | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      8289 | NS      | $824679.42    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA    | Powszechna Kasa Oszczedno     | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    134235 | NS      | $848187.36    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                      | SAFRAN SA                     | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      6466 | NS      | $791037.42    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| UPM-Kymmene Corporation                        | UPM-KYMMENE OYJ               | CUSIP: X9518S108<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     18786 | NS      | $684461.78    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Eneos Holdings Inc                             | ENEOS HOLDINGS INC            | CUSIP: J29699105<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    184082 | NS      | $621232.09    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| SM Investments Corp.                           | SM INVESTMENTS CORP           | CUSIP: Y80676102<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |     47930 | NS      | $797842.05    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Air Liquide S.A.(L')                           | AIR LIQUIDE SA                | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      5166 | NS      | $743951.36    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Woodside Energy Group Ltd                      | WOODSIDE ENERGY               | CUSIP: Q98327333<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |     28549 | NS      | $722639.30    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Compagnie Generale des Etablissements Michelin | MICHELIN                      | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     26269 | NS      | $731443.04    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Continental AG                                 | CONTINENTAL AG                | CUSIP: D16212140<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     13300 | NS      | $793732.03    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlantia SPA                                   | ATLANTIA SPA                  | CUSIP: T05404107<br>LEI: 8156008DEC771409C487 | Long             | EC               | CORP              | IT        |     26608 | NS      | $635675.60    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| ITOCHU Corp.                                   | ITOCHU CORP                   | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     24455 | NS      | $759237.75    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Inpex Corp.                                    | INPEX CORP                    | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     62098 | NS      | $689408.14    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| REA Group Ltd.                                 | REA GROUP LTD                 | CUSIP: Q8051B108<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      7996 | NS      | $669282.35    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| National Australia Bank Ltd.                   | NATL AUST BANK                | CUSIP: Q65336119<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     31876 | NS      | $682438.94    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal  DSM N V                                 | DSM (KONIN)                   | CUSIP: N5017D122<br>LEI: 724500SNT1MK246AHP04 | Long             | EC               | CORP              | NL        |      5201 | NS      | $662723.80    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Sino Land Co Ltd                               | SINO LAND                     | CUSIP: Y80267126<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |    447786 | NS      | $556668.24    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                    | MOL HUNGARIAN OIL AND GAS     | CUSIP: X5S32S129<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |    105408 | NS      | $756131.87    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Weg SA                                         | WEG SA                        | CUSIP: P9832B129<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    100258 | NS      | $751085.22    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Volvo AB                                       | VOLVO AB-A                    | CUSIP: 928856202<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     40468 | NS      | $770157.52    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Singapore Telecommunications Ltd               | SINGAPORE TELECO              | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    315675 | NS      | $630992.75    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Geely Automobile Holdings Ltd                  | GEELY AUTOMOBILE              | CUSIP: G3777B103<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |    429577 | NS      | $625878.44    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| East Japan Railway Co                          | EAST JAPAN RAIL               | CUSIP: J1257M109<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |     11537 | NS      | $652613.68    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| 3i Group PLC                                   | 3I GROUP PLC                  | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     49069 | NS      | $797732.85    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Corporation of Canada                    | POWER CORP OF CANADA          | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     25931 | NS      | $652342.50    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Intact Financial Corporation                   | Intact Financial Corp         | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      4105 | NS      | $614181.44    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Assa Abloy AB                                  | Assa Abloy AB                 | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     31728 | NS      | $720176.71    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| EMS-Chemie Holding AG                          | EMS-CHEMIE HLDG               | CUSIP: H22206199<br>LEI: 529900G1XFTGSE0DIX60 | Long             | EC               | CORP              | CH        |       923 | NS      | $635946.32    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Infineon Technologies AG                       | INFINEON TECH                 | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     26749 | NS      | $878441.84    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Denso Corp                                     | Denso Corp                    | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     13000 | NS      | $707409.98    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Wolters Kluwer NV                              | WOLTERS KLUWER                | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      6095 | NS      | $668049.59    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Verbund AG                                     | VERBUND AG                    | CUSIP: A91460104<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |      7010 | NS      | $628475.20    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Brookfield Asset Management, Inc.              | BROOKFIELD ASS-A              | CUSIP: 112585104<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     14273 | NS      | $672926.39    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortum Oyj                                     | Fortum OYJ                    | CUSIP: X2978Z118<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |     44719 | NS      | $708897.26    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Swire Properties Ltd.                          | SWIRE PROPERTIES LTD          | CUSIP: Y83191109<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    275031 | NS      | $615502.45    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Essity Aktiebolag                              | Essity AB                     | CUSIP: W3R06F100<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |     29262 | NS      | $712421.78    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| SMC Corp                                       | SMC Corp/Japan                | CUSIP: J75734103<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      1471 | NS      | $657925.32    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Skandinaviska Enskilda Banken AB (publ)        | SEB AB-C                      | CUSIP: W25381133<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     55727 | NS      | $676250.23    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| CLP Holdings Ltd                               | CLP HOLDINGS LTD              | CUSIP: Y1660Q104<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |     78316 | NS      | $567510.15    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa SA                                      | ENDESA                        | CUSIP: E41222113<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     39015 | NS      | $719488.96    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Aker BP ASA                                    | AKER BP ASA                   | CUSIP: R0139K100<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |     20613 | NS      | $715271.99    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Sitios Latinoamerica S.A.B. De C.V             | SITIOS LATINOAME              | CUSIP: P87026103<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     33121 | NS      | $14766.15     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nutrien Ltd                                    | NUTRIEN LTD                   | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      7024 | NS      | $564516.22    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| EssilorLuxottica SA                            | ESSILOR INTL                  | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      4319 | NS      | $797831.53    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| London Stock Exchange Group PLC                | LONDON STOCK EX               | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      7016 | NS      | $697649.92    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| ICICI Bank Ltd.                                | ICICI BANK-ADR                | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     28091 | NS      | $666318.52    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Public Bank Berhad                             | Public Bank Bhd               | CUSIP: Y71497104<br>LEI: 549300L2RSQCVMOHGM20 | Long             | EC               | CORP              | MY        |    649517 | NS      | $657479.81    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Polski Koncern Naftowy ORLEN SA                | POLSKI KONCERN NAFTOWY OR     | CUSIP: X6922W204<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |     55206 | NS      | $803475.12    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2022-12-28

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

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer