# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0000910472-25-002190
**Filing Date:** 2025-10
**Character Count:** 24710
**Document Hash:** 7220a5be20c6c00080e6b8b1bb6052fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002190.hdr.sgml**: 20251021

**ACCESSION NUMBER**: 0000910472-25-002190

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251021

**DATE AS OF CHANGE**: 20251021

**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:** 251405538

**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

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

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

## Nport-Ex

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---

| | | |
|:---|:---|:---|
| **MOERUS WORLDWIDE VALUE FUND** | **MOERUS WORLDWIDE VALUE FUND** | **MOERUS WORLDWIDE VALUE FUND** |
| **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** **—** **92.9%** |  |
|  | **APPAREL & TEXTILE PRODUCTS** **-** **0.9%** |  |
| 895965 | Samsonite Group S.A. | $1951583 |
|  | **ASSET MANAGEMENT** **-** **11.6%** |  |
| 71416 | Aker ASA, Class A | 5207407 |
| 4260133 | Dundee Corporation, Class A<sup>(a)</sup> | 10205584 |
| 52095 | Exor N.V. | 5219250 |
| 235308 | Fairfax India Holdings Corporation<sup>(a)</sup> | 4350845 |
|  |  | 24983086 |
|  | **BANKING** **-** **11.1%** |  |
| 1880393 | Banco Bradesco S.A. - ADR | 5848022 |
| 303941 | Grupo Cibest S.A. | 4483978 |
| 4950940 | IDFC First Bank Ltd. | 3818083 |
| 210628 | Standard Chartered plc | 3945432 |
| 76420 | UniCredit SpA | 5903353 |
|  |  | 23998868 |
|  | **CHEMICALS** **-** **1.4%** |  |
| 52457 | Nutrien Ltd. | 3022572 |
|  | **HOUSEHOLD PRODUCTS** **-** **2.0%** |  |
| 2605158 | Natura Cosmeticos S.A.<sup>(a)</sup> | 4319348 |
|  | **INDUSTRIAL SUPPORT SERVICES** **-** **2.7%** |  |
| 725920 | Travis Perkins plc | 5842326 |
|  | **INSTITUTIONAL FINANCIAL SERVICES** **-** **10.7%** |  |
| 3922581 | Edelweiss Financial Services Ltd. | 4767792 |
| 113443 | Hong Kong Exchanges & Clearing Ltd. | 6563152 |
| 101150 | Jefferies Financial Group, Inc. | 6559578 |
| 712005 | JSE Ltd. | 5113052 |
|  |  | 23003574 |
|  | **INSURANCE** **-** **5.6%** |  |
| 677180 | Conduit Holdings Ltd. | 2745621 |
| 16317377 | Turkiye Sigorta A/S | 3965572 |

---

---

| | | |
|:---|:---|:---|
| **MOERUS WORLDWIDE VALUE FUND** | **MOERUS WORLDWIDE VALUE FUND** | **MOERUS WORLDWIDE VALUE FUND** |
| **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 — 92.9% (Continued)** |  |
|  | **INSURANCE - 5.6% (Continued)** |  |
| 267367 | Westaim Corporation (The)<sup>(a)</sup> | $5398542 |
|  |  | 12109735 |
|  | **LEISURE FACILITIES & SERVICES** **-** **1.7%** |  |
| 507521 | Arcos Dorados Holdings, Inc., Class A | 3552647 |
|  | **METALS & MINING** **-** **15.8%** |  |
| 144470 | Anglo American plc | 4447814 |
| 663165 | Capstone Copper Corporation<sup>(a)</sup> | 4741894 |
| 1317489 | Magna Mining, Inc.<sup>(a)</sup> | 2331160 |
| 623745 | Major Drilling Group International, Inc.<sup>(a)</sup> | 4396441 |
| 153109 | Teck Resources Ltd., Class B | 5234797 |
| 153901 | Valterra Platinum Limited (JSE) | 7048797 |
| 15013 | Valterra Platinum Limited (LSE) | 681745 |
| 52042 | Wheaton Precious Metals Corporation | 5226058 |
|  |  | 34108706 |
|  | **OIL & GAS PRODUCERS** **-** **5.1%** |  |
| 320409 | International Petroleum Corporation<sup>(a)</sup> | 5946937 |
| 248156 | MEG Energy Corporation | 5104603 |
|  |  | 11051540 |
|  | **OIL & GAS SERVICES & EQUIPMENT** **-** **5.6%** |  |
| 78341 | Tidewater, Inc.<sup>(a)</sup> | 4716128 |
| 147042 | Valaris Ltd.<sup>(a)</sup> | 7303576 |
|  |  | 12019704 |
|  | **REAL ESTATE INVESTMENT TRUSTS** **-** **2.5%** |  |
| 18532452 | Cromwell Property Group | 5396859 |
|  | **REAL ESTATE OWNERS & DEVELOPERS** **-** **3.0%** |  |
| 3316301 | Sino Land Company Ltd. | 3939337 |
| 2110666 | Straits Trading Company Ltd. | 2533201 |
|  |  | 6472538 |
|  | **REAL ESTATE SERVICES** **-** **6.5%** |  |
| 2340012 | Douglas Elliman, Inc.<sup>(a)</sup> | 6364833 |
| 30956000 | Midland Holdings Ltd.<sup>(a)</sup> | 7584666 |
|  |  | 13949499 |

---

---

| | | |
|:---|:---|:---|
| **MOERUS WORLDWIDE VALUE FUND** | **MOERUS WORLDWIDE VALUE FUND** | **MOERUS WORLDWIDE VALUE FUND** |
| **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 — 92.9% (Continued)** | |
|  | **RETAIL REIT** **-** **2.3%** | |
| 1302749 | Hammerson plc | $5053100 |
|  | **SPECIALTY FINANCE** **-** **1.6%** |  |
| 23873 | Bajaj Holdings & Investment Ltd., Class A | 3457885 |
|  | **TRANSPORTATION & LOGISTICS** **-** **2.8%** |  |
| 235823366 | Latam Airlines Group S.A.<sup>(a)</sup> | 5938893 |
|  | **TOTAL COMMON STOCKS (Cost $152,747,621)** | 200232463 |
|  | **SHORT-TERM INVESTMENT —** **6.9%** |  |
|  | **MONEY MARKET FUND** **-** **6.9%** |  |
| 14817953 | Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio, Institutional Class, 4.11%<sup>(b)</sup> (Cost $14,817,953) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14817953 |
|  | **TOTAL INVESTMENTS - 99.8% (Cost $167,565,574)** | $215050416 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2%** | 489122 |
|  | **NET ASSETS - 100.0%** | $215539538 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| A/S | - Anonim Sirketi |
| JSE | - Johannesburg Stock Exchange |
| LSE | - London Stock Exchange |
| Ltd. | - Limited Company |
| NV | - Naamioze Vennootschap |
| plc | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| S.A. | - Société Anonyme |
| SpA | - Società per azioni |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of August 31, 2025.

---

| | |
|:---|:---|
| **MOERUS WORLDWIDE VALUE FUND**<br> **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **MOERUS WORLDWIDE VALUE FUND**<br> **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** |
| Diversification of Assets | Diversification of Assets |
| Top 10 Holdings by Asset Class or Industry | % of Net Assets |
| Metals & Mining | 15.8% |
| Asset Management | 11.6% |
| Banking | 11.1% |
| Institutional Financial Services | 10.7% |
| Real Estate Services | 6.5% |
| Insurance | 5.6% |
| Oil & Gas Services & Equipment | 5.6% |
| Oil & Gas Producers | 5.1% |
| Real Estate Owners & Developers | 3.0% |
| Transportation & Logistics | 2.8% |
| Other | 15.1% |
| **Total** | **92.9%** |
| Money Market Fund | 6.9% |
| Other Assets in Excess of Liabilities | 0.2% |
| **Grand Total** | **100.0%** |

---

---

| | |
|:---|:---|
| **MOERUS WORLDWIDE VALUE FUND** | **MOERUS WORLDWIDE VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** |
| Diversification of Assets | Diversification of Assets |
| Country | % of Net Assets |
| Canada | 21.4% |
| United States | 15.0% |
| United Kingdom | 9.0% |
| Hong Kong | 8.3% |
| India | 7.6% |
| South Africa | 6.0% |
| Italy | 5.1% |
| Brazil | 4.7% |
| Chile | 2.8% |
| Australia | 2.5% |
| Norway | 2.4% |
| Colombia | 2.1% |
| Turkey | 1.8% |
| Uruguay | 1.7% |
| Bermuda | 1.3% |
| Singapore | 1.2% |
| **Total** | **92.9%** |
| Money Market Fund | 6.9% |
| Other Assets in Excess of Liabilities | 0.2% |
| **Grand Total** | **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:** Moerus Worldwide Value Fund

- **b. EDGAR series identifier (if any):** S000053886

- **c. LEI of Series:** 549300G1KOB3U67B5X63

**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:** $215827834.71

**Total Liabilities:** $288296.82

**Net Assets:** $215539537.89

**Cash Not Reported:** $10067.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169568 | 6.21%                | 0.26%                | 5.62%                |
| Class ID C000169569 | 6.24%                | 0.31%                | 5.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $364816.53               | $10504553.02                               |
| Month 2  | $814606.08               | $-226786.87                                |
| Month 3  | $-201294.27              | $11465534.67                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Natura Cosmeticos S A                        | NATURA                  | CUSIP: P7088C106<br>LEI: 98450085D7XCFF5A9N75 | Long             | EC               | CORP              | BR        |   2605158 | NS      | $4319348.31   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                         | CAPSTONE COPPER         | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    663165 | NS      | $4741894.13   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corporation                       | MEG ENERGY CORP         | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    248156 | NS      | $5104603.34   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammerson PLC                                | HAMMERSON PLC           | CUSIP: G4273Q206<br>LEI: 213800G1C9KKVVDN1A60 | Long             | EC               | CORP              | GB        |   1302749 | NS      | $5053099.84   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                | JEFFERIES FINANC        | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |    101150 | NS      | $6559577.50   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                       | VALTERRA PLATINUM (JSE) | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |    153901 | NS      | $7048797.54   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Travis Perkins PLC                           | TRAVIS PERKINS          | CUSIP: G90202139<br>LEI: 2138001I27OUBAF22K83 | Long             | EC               | CORP              | GB        |    725920 | NS      | $5842325.66   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker ASA                                     | AKER ASA-A SHARE        | CUSIP: R0114P108<br>LEI: 5967007LIEEXZXJ10071 | Long             | EC               | CORP              | NO        |     71416 | NS      | $5207407.05   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IDFC First Bank Ltd.                         | IDFC FIRST BANK         | CUSIP: Y3R5A4107<br>LEI: 335800SBNAPYVT1D2K13 | Long             | EC               | CORP              | IN        |   4950940 | NS      | $3818082.95   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                            | BRADESCO-ADR            | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |   1880393 | NS      | $5848022.23   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group Intl Inc                | MAJOR DRILLING          | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    623745 | NS      | $4396440.53   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Holdings & Investment Ltd              | BAJAJ HOLDINGS A        | CUSIP: Y0546X143<br>LEI: 335800NL7NWD9IPOHL48 | Long             | EC               | CORP              | IN        |     23873 | NS      | $3457885.04   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co Ltd.                            | SINO LAND               | CUSIP: Y80267126<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |   3316301 | NS      | $3939337.42   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                           | ANGLO AMER PLC          | CUSIP: G03764142<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    144470 | NS      | $4447814.09   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax India Holdings Corporation           | FAIRFAX INDI-SVS        | CUSIP: 303897102<br>LEI: 549300K2JHXU7AX7CV78 | Long             | EC               | CORP              | CA        |    235308 | NS      | $4350844.92   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna Mining Inc                             | MAGNA MINING INC        | CUSIP: 55925F102<br>LEI: 391200LYB0MF13ZWII58 | Long             | EC               | CORP              | CA        |   1317489 | NS      | $2331159.77   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Edelweiss Financial Services Ltd.            | EDELWEISS FIN SE        | CUSIP: Y22490208<br>LEI: 335800GA1YN8NAGS8V55 | Long             | EC               | CORP              | IN        |   3922581 | NS      | $4767791.78   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                              | GRUPO CIBEST SA         | CUSIP: P49500104<br>LEI: N/A                  | Long             | EC               | CORP              | CO        |    303941 | NS      | $4483978.07   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Sigorta As                           | TURKIYE SIGORTA         | CUSIP: M5246Z101<br>LEI: 789000O7DB1JKMXK2Q45 | Long             | EC               | CORP              | TR        |  16317377 | NS      | $3965572.07   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cromwell Property Group                      | CROMWELL PROPERT        | CUSIP: Q2995J103<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |  18532452 | NS      | $5396859.59   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Corp.                                 | DUNDEE CORP-A           | CUSIP: 264901109<br>LEI: 549300LX18ZNW1LEMU13 | Long             | EC               | CORP              | CA        |   4260133 | NS      | $10205583.11  | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | MSILF-TR SEC-INS        | CUSIP: 61747C525<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |  14817953 | PA      | $14817953.25  | 6.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsonite Group SA                           | SAMSONITE INTL          | CUSIP: L80308106<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | LU        |    895965 | NS      | $1951582.81   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                             | UNICREDIT SPA           | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     76420 | NS      | $5903353.37   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Exor Nv                                      | EXOR NV                 | CUSIP: N3140A107<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | IT        |     52095 | NS      | $5219249.91   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Limited                       | TECK RESOURCES-B        | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    153109 | NS      | $5234796.71   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Elliman Inc                          | DOUGLAS ELLIMAN         | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |   2340012 | NS      | $6364832.64   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Westaim Corp                                 | WESTAIM CORP/THE        | CUSIP: 956925101<br>LEI: 549300TSCVMK1W6GSK84 | Long             | EC               | CORP              | US        |    267367 | NS      | $5398541.46   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduit Holdings Limited                     | CONDUIT HOLDI-WI        | CUSIP: G24385109<br>LEI: 21380085AE62D1BXSF19 | Long             | EC               | CORP              | BM        |    677180 | NS      | $2745621.15   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Straits Trading Co Ltd.                      | STRAITS TRADING         | CUSIP: Y81708110<br>LEI: 875500UD8EBMDH2VFY72 | Long             | EC               | CORP              | SG        |   2110666 | NS      | $2533200.56   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                       | STANDARD CHARTER        | CUSIP: G84228157<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    210628 | NS      | $3945432.05   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland Holdings Ltd.                        | MIDLAND HOLDINGS        | CUSIP: G4491W100<br>LEI: 5493007HC5HKY6RXSQ87 | Long             | EC               | CORP              | BM        |  30956000 | NS      | $7584665.95   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcos Dorados Holdings Inc                   | ARCOS DORADOS-A         | CUSIP: G0457F107<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | UY        |    507521 | NS      | $3552647.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| International Petroleum Corp                 | INTERNATIONAL PE        | CUSIP: 46016U108<br>LEI: 54930025D80LU0SMR645 | Long             | EC               | CORP              | CA        |    320409 | NS      | $5946936.62   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| JSE Limited                                  | JSE LTD                 | CUSIP: S4254A102<br>LEI: 213800MZ1VUQEBWRFO39 | Long             | EC               | CORP              | ZA        |    712005 | NS      | $5113051.98   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                                 | VALARIS LTD             | CUSIP: G9460G101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    147042 | NS      | $7303576.14   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                       | VALTERRA PLATINUM (LSE) | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     15013 | NS      | $681745.05    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corporation          | WHEATON PRECIOUS        | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     52042 | NS      | $5226057.64   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LATAM Airlines Group SA                      | LATAM AIRLINES          | CUSIP: P61894104<br>LEI: 549300HX3UUDPEFTG707 | Long             | EC               | CORP              | CL        | 235823366 | NS      | $5938893.67   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc New                            | TIDEWATER INC           | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     78341 | NS      | $4716128.20   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                  | NUTRIEN LTD             | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     52457 | NS      | $3022572.34   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.          | HKEX                    | CUSIP: Y3506N139<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |    113443 | NS      | $6563152.53   | 3.04%             |  |  |  | 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