# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0001580642-26-000917
**Filing Date:** 2026-2
**Character Count:** 57833
**Document Hash:** faeb4f42b57bdda0fc3826014825dfaf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-000917.hdr.sgml**: 20260209

**ACCESSION NUMBER**: 0001580642-26-000917

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 21

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260209

**DATE AS OF CHANGE**: 20260209

**EFFECTIVENESS DATE**: 20260209

**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:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23066
- **FILM NUMBER:** 26610002

**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

### LGM Risk Managed Total Return Fund (Series ID: S000054990)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000172959 | LGM Risk Managed Total Return Fund Institutional Class | LBETX           |

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

 **FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number <u>811-23066</u>

<u>Northern Lights Fund Trust IV</u> <br> (Exact name of registrant as specified in charter)

<u>225 Pictoria Drive, Suite 450, Cincinnati, OH</u> <u>45246</u> <br> (Address of principal executive offices) (Zip code)

<u>The Corporation Trust Company</u> <br> <u>1209 Orange Street, Wilmington, DE 19801</u> <br> (Name and address of agent for service)

Registrant's telephone number, including area code: <u>631-490-4300</u>

Date of fiscal year end: <u>5/31</u> <br>Date of reporting period: <u>11/30/2025</u>

**Item 1. Reports to Stockholders.** 

(a) # LGM Risk Managed Total Return Fund - Institutional Class (LBETX)

#### Semi-Annual Shareholder Report - November 30, 2025
![Image](ib24b10aa5ac840f2855d0027.jpg)

## Fund Overview
This semi-annual shareholder report contains important information about LGM Risk Managed Total Return Fund for the period of June 1, 2025 to November 30, 2025. You can find additional information about the Fund at **www.LGMCapitalmanagement.com** . You can also request this information by contacting us at 1-844-655-9371.

## What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Institutional Class | $126 | 2.48%<sup>Footnote Reference\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| Footnote<sup>\*</sup> | Annualized |

---

## How did the Fund perform during the reporting period?
Due to its unique investment flexibility, the Fund top-performed managing risk and minimizing drawdowns during the reporting period. Specifically, during the U.S. and global markets sell-off due to tariffs.

**<u>Investment Strategy</u>**

The Fund seeks to provide total returns from capital appreciation and income and minimize risk (drawdowns) during unfavorable or declining market conditions with lower volatility than the S&P 500 Index. It is designed for investors seeking a risk- managed alternative to traditional buy and hold strategies, without sacrificing the potential for growth.

**<u>Managed Risk and Minimized Drawdowns</u>**

Due to its unique investment flexibility, the bar chart illustrates the Fund's top- performance in minimizing drawdowns every year since inception versus the S&P 500, NASDAQ and Russell 2000.

#### 2017-2025 Maximum Drawdowns
![Image](i194fff973963e40ff6767ce6.jpg)

Maximum Drawdown is the largest decline from peak to trough in value.

**<u>Performance</u>**

Due to its unique investment flexibility of managing risk and minimizing drawdowns during unfavorable or declining market conditions, the Fund outperformed its benchmark Bloomberg Global Aggregate Index for the period ending November 30, 2025. Including the 5-years and since-inception average annual total returns.

## How has the Fund performed since inception?

### Total Return Based on $10,000 Investment
![Chart showing performance over last 10 years or since inception](i4aba13ca595e729fd693dcd4.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **LGM Risk Managed Total Return Fund - Institutional Class** | **Bloomberg Global Aggregate Index** | **S&P 500<sup>®</sup> Index** |
| **Jun-2017** | $10000 | $10000 | $10000 |
| **Nov-2017** | $10470 | $10236 | $11003 |
| **Nov-2018** | $11425 | $9947 | $11693 |
| **Nov-2019** | $11813 | $10779 | $13577 |
| **Nov-2020** | $10662 | $11682 | $15947 |
| **Nov-2021** | $11068 | $11297 | $20400 |
| **Nov-2022** | $11163 | $9398 | $18521 |
| **Nov-2023** | $11792 | $9590 | $21084 |
| **Nov-2024** | $13655 | $10035 | $28230 |
| **Nov-2025** | $13743 | $10594 | $32464 |

---

## **Average Annual Total Returns** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **6 Months** | **1 Year** | **5 Years** | **Since Inception (June 12, 2017)** |
| LGM Risk Managed Total Return Fund - Institutional Class | 2.87% | 0.65% | 5.21% | 3.83% |
| Bloomberg Global Aggregate Index | 2.48% | 5.57% | -1.94% | 0.68% |
| S&P 500<sup>®</sup> Index | 16.57% | 15.00% | 15.28% | 14.92% |

---

***The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.***

## **Fund Statistics** 
* Net Assets$14,789,511

* Number of Portfolio Holdings3

* Advisory Fee (net of waivers)$64,407

* Portfolio Turnover372%

## **Asset Weighting (% of total investments)**![Group By Asset Type Chart](ief7451816b600f14bb27f002.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Exchange-Traded Funds | 100.0% |

---

## What did the Fund invest in?

## **Sector Weighting (% of net assets)**![Group By Sector Chart](i0633e11fed2d9433b9bd48d5.jpg)

---

| | |
|:---|:---|
| **Value** | **Value** |
| Other Assets in Excess of Liabilities | 59.7% |
| Fixed Income | 15.2% |
| Equity | 25.1% |

---

## Top 10 Holdings (% of net assets)

---

| | |
|:---|:---|
| &nbsp;&nbsp;Holding Name | &nbsp;&nbsp;% of Net Assets |
| &nbsp;&nbsp;SPDR Dow Jones Industrial Average ETF | &nbsp;&nbsp;16.1% |
| &nbsp;&nbsp;Vanguard Total Bond Market ETF | &nbsp;&nbsp;15.2% |
| &nbsp;&nbsp;Financial Select Sector SPDR ETF | &nbsp;&nbsp;9.0% |

---

## Material Fund Changes
No material changes occurred during the period ended November 30, 2025.

![Image](ib24b10aa5ac840f2855d0027.jpg)

# LGM Risk Managed Total Return Fund - Institutional Class (LBETX)

#### Semi-Annual Shareholder Report - November 30, 2025
Additional information is available on the Fund's website (**www.LGMCapitalmanagement.com**), including its:

* Prospectus

* Financial information

* Holdings

* Proxy voting information

TSR-SAR 113025-LBETX

&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**Item 2. Code of Ethics.** Not applicable.

**Item 3. Audit Committee Financial Expert.** Not applicable.

**Item 4. Principal Accountant Fees and Services.** Not applicable.

**Item 5. Audit Committee of Listed Registrants.** Not applicable.

**Item 6. Investments.** 

The Registrant's schedule of investments in unaffiliated issuers is included in the Financial Statements under Item 7 of this form.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

(a) ---

| |
|:---|
| **LGM Risk Managed Total Return Fund** |
| Institutional Class – LBETX |
| **Semi Annual Financial Statements** |
| **And** |
| **Additional Information** |
| November 30, 2025 |

---

---

| |
|:---|
| **LGM RISK MANAGED TOTAL RETURN FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **November 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 40.3%** |  |
|  | **EQUITY - 25.1%** |  |
| 25000 | Financial Select Sector SPDR ETF | $1333250 |
| 5000 | SPDR Dow Jones Industrial Average ETF | 2385900 |
|  |  | 3719150 |
|  | **FIXED INCOME - 15.2%** |  |
| 30000 | Vanguard Total Bond Market ETF | 2243400 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $5,800,450)** | 5962550 |
|  | **TOTAL INVESTMENTS - 40.3% (Cost $5,800,450)** | $5962550 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES – 59.7%** | 8826961 |
|  | **NET ASSETS - 100.0%** | $14789511 |

---

ETF - Exchange-Traded Fund <br>SPDR - Standard & Poor's Depositary Receipt

See accompanying notes to financial statements.

---

| |
|:---|
| **LGM Risk Managed Total Return Fund** |
| **STATEMENT OF ASSETS AND LIABILITIES (Unaudited)** |
| **November 30, 2025** |

---

---

| | |
|:---|:---|
| **ASSETS** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At cost | $5800450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At fair value | $5962550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash | 8926232 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest receivable | 25846 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL ASSETS** | 14915103 |
| **LIABILITIES** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment advisory fees payable | 8645 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable for fund shares redeemed | 32014 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable to related parties | 51262 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 33671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LIABILITIES** | 125592 |
| **NET ASSETS** | $**14789511** |
| **Net Assets Consist Of:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Paid in capital ($0 par value, unlimited shares authorized) | $16182031 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated losses | (1392520) |
| **NET ASSETS** | $**14789511** |
| **Net Asset Value Per Share:** |  |
| Institutional Class Shares: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Assets | $**14789511** |
| &nbsp;&nbsp;&nbsp;&nbsp;Shares of beneficial interest outstanding \* | **1288366** |
| &nbsp;&nbsp;&nbsp;&nbsp;Net asset value (Net Assets ÷ Shares Outstanding), offering price and redemption price per share \*\* | $**11.48** |

---

\* Unlimited number of shares of beneficial interest authorized, no par value.

\*\* Redemptions made within 90 days of purchase may be assessed a redemption fee of 2.00%.

See accompanying notes to financial statements.

---

| |
|:---|
| **LGM Risk Managed Total Return Fund** |
| **STATEMENT OF OPERATIONS (Unaudited)** |
| **For the Six Months Ended November 30, 2025** |

---

---

| | |
|:---|:---|
| **INVESTMENT INCOME** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | $160382 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends | 52043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENT INCOME** | 212425 |
| **EXPENSES** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment advisory fees | 75418 |
| &nbsp;&nbsp;&nbsp;&nbsp;Administrative services fees | 28431 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfer agent fees | 16741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounting services fees | 14823 |
| &nbsp;&nbsp;&nbsp;&nbsp;Legal fees | 14314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Compliance officer fees | 12100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Printing and postage expenses | 8749 |
| &nbsp;&nbsp;&nbsp;&nbsp;Audit and tax fees | 8125 |
| &nbsp;&nbsp;&nbsp;&nbsp;Third party administrative servicing fees | 5550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trustees' fees and expenses | 5100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Registration fees | 4575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Custodian fees | 1801 |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance expense | 915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other expenses | 1382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXPENSES** | 198024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Fees waived by the Advisor | (11011) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**NET EXPENSES** | 187013 |
| **NET INVESTMENT INCOME** | 25412 |
| **NET REALIZED AND UNREALIZED GAINS (LOSS) FROM INVESTMENTS** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain from investments | 483952 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized depreciation on investments | (90748) |
| **NET REALIZED AND UNREALIZED GAINS FROM INVESTMENTS** | 393204 |
| **NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS** | $**418616** |

---

See accompanying notes to financial statements.

---

| |
|:---|
| **LGM Risk Managed Total Return Fund** |
| **STATEMENTS OF CHANGES IN NET ASSETS (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
|  | **For the**<br>**Six Months Ended**<br>**November 30, 2025** | **For the**<br>**Year Ended**<br>**May 31, 2025** |
| **FROM OPERATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income | $25412 | $54612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain from investments | 483952 | 1362435 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized depreciation on investments | (90748) | (823502) |
| Net increase in net assets resulting from operations | 418616 | 593545 |
| **DISTRIBUTIONS TO SHAREHOLDERS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Distributions Paid |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Institutional Class |  | (141393) |
| Decrease in net assets from distributions to shareholders |  | (141393) |
| **FROM SHARES OF BENEFICIAL INTEREST** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from shares sold | 1075683 | 4595461 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of distributions to shareholders |  | 141072 |
| &nbsp;&nbsp;&nbsp;&nbsp;Redemption fee proceeds | 14 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Payments for shares redeemed | (1640837) | (3289672) |
| Net increase (decrease) in net assets from shares of beneficial interest | (565140) | 1446861 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (146524) | 1899013 |
| **NET ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of Period/Year | 14936035 | 13037022 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of Period/Year | $**14789511** | $**14936035** |
| **SHARE ACTIVITY** |  |  |
| Institutional Class: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shares Sold | 94761 | 410803 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shares Reinvested |  | 12429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shares Redeemed | (144382) | (293227) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in shares of beneficial interest outstanding | (49621) | 130005 |

---

See accompanying notes to financial statements.

---

| |
|:---|
| **LGM Risk Managed Total Return Fund** |
| **FINANCIAL HIGHLIGHTS** |
| Per Share Data and Ratios for a Share of Beneficial Interest Outstanding Throughout each Period/Year Presented |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
|  | **For the**<br>**Six Months Ended**<br>**November 30, 2025** |  | **For the**<br>**Year Ended**<br>**May 31, 2025** | **For the**<br>**Year Ended**<br>**May 31, 2024** | **For the**<br>**Year Ended**<br>**May 31, 2023** | **For the**<br>**Year Ended**<br>**May 31, 2022** | **For the**<br>**Year Ended**<br>**May 31, 2021** |
|  | **(Unaudited)** |  | | | | | |
| Net asset value, beginning of period/year | $11.16 |  | $10.79 | $9.42 | $9.44 | $9.22 | $9.58 |
| Activity from investment operations: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) (1) | 0.02 |  | 0.04 | 0.11 | 0.03 | (0.18) | (0.12) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 0.30 |  | 0.43 | 1.26 | (0.05) | 0.40 | 0.32 |
| Total from investment operations | 0.32 |  | 0.47 | 1.37 | (0.02) | 0.22 | 0.20 |
| Redemption fees | 0.00 | (2) |  |  |  | 0.00 | 0.00 |
| Less distributions from: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income |  |  | (0.10) |  |  |  | (0.06) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gains |  |  |  |  |  |  | (0.50 |
| Total distributions |  |  | (0.10) |  |  |  | (0.56 |
| Net asset value, end of period/year | $11.48 |  | $11.16 | $10.79 | $9.42 | $9.44 | $9.22 |
| Total return (3) | 2.87 | % (7) | 4.37% | 14.54% | (0.21)% | 2.39 | 2.16 |
| Net assets, end of period/year (000s) | $14790 |  | $14936 | $13037 | $14300 | $15060 | $19728 |
| Ratio of gross expenses to average net assets (45) | 2.63 | % (8) | 2.68% | 2.86% | 2.72% | 2.32 | 2.08 |
| Ratio of net expenses to average net assets (5) | 2.48 | % (8) | 2.66% | 2.86% | 2.72% | 2.32 | 1.91 |
| Ratio of net investment income (loss) to average net assets (6) | 0.34 | % (8) | 0.38% | 1.10% | 0.28% | (1.96) | (1.25) |
| Portfolio Turnover Rate | 372 | % (7) | 169% | 355% | 1361% | 3065 | 5180 |

---

(1) Per share
 amounts calculated using the average shares method, which more appropriately represents the per share data for the period/year.

(2) Less than $0.01 per share.

(3) Total returns shown exclude the effect
 of applicable sales charges and redemption fees and assumes reinvestment of all distributions.

(4) Represents the ratio of expenses to
 average net assets absent fee waivers and/or expense reimbursements by the adviser.

(5) Does not include the expenses of other
 investment companies in which the Fund invests.

(6) Recognition of net investment income
 (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.

(7) Not annualized.

(8) Annualized.

See accompanying notes to financial statements.

**LGM Risk Managed Total Return Fund NOTES TO FINANCIAL STATEMENTS (Unaudited) November 30, 2025**

**1.** **ORGANIZATION** 

The LGM Risk Managed Total Return Fund (the "Fund") is a diversified series of shares of Northern Lights Fund Trust IV (the "Trust"), a statutory trust organized under the laws of the State of Delaware on June 2, 2015, and registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Fund commenced operations on June 12, 2017. The Fund's objective is to provide total return from capital appreciation and income with lower volatility than the S&P 500 Index, with a secondary objective of limiting risk during unfavorable or declining market conditions. The Fund is a "fund of funds", in that the Fund will generally invest in other investment companies.

The Fund currently offers Institutional Class shares at net asset value.

**2.** **SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** 

The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its financial statements. The policies are in conformity with generally accepted accounting principles in the United States of America (''GAAP"), which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 *"Financial Services – Investment Companies"*, including Accounting Standards Update 2013-08.

**Operating Segments -** The Fund has adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of the standard impacted financial statement disclosures only and did not affect the Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Fund's CODM is comprised of its portfolio manager and the Chief Financial Officer of the Trust. The Fund operates as a single operating segment. The Fund's income, expenses, assets, changes in net assets resulting from operations and performance are regularly monitored and assessed as a whole by the CODM responsible for oversight functions of the Fund, using the information presented in the financial statements and financial highlights.

**Security Valuation –** The Fund records its investments at fair value. Securities listed on an exchange are valued at the last reported sale price at the close of the regular trading session of the exchange on the business day the value is being determined or, in the case of securities listed on NASDAQ, at the NASDAQ Official Closing Price. In the absence of a sale, such securities shall be valued at the mean between the current bid and ask prices on the day of valuation. Short-term debt obligations having 60 days or less remaining until maturity at time of purchase may be valued at amortized cost. Investments in open-end investment companies are valued at net asset value, including the short-term investment currently held.

The Fund may hold investments, such as private investments, interests in commodity pools, other non-traded securities or temporarily illiquid investments, for which market quotations are not readily available or are determined to be unreliable. These securities are valued using the "fair value" procedures approved by the Board of Trustees ("Board"). The Board has delegated execution of these procedures to a fair value committee composed of one or more representatives from each of the (i) Trust, (ii) administrator, and (iii) adviser. The committee may also enlist third party consultants such as a valuation specialist at a public accounting firm, valuation consultant, or financial officer of a security issuer on an as-needed basis to assist in determining a security-specific fair value.

**Valuation of Underlying Funds** - The Fund may invest in portfolios of open-end or closed-end investment companies (the "Underlying Funds"). Mutual funds, including money market funds, are valued at their respective net asset values as reported by such investment companies. Exchange-traded funds ("ETFs") are valued at the last reported sale price or official closing price. Open-end investment companies value securities in their portfolios for which market quotations are readily available at their market values (generally the last reported sale price) and all other securities and assets at their fair value pursuant to the methods established by the board of directors of the open-end funds. The shares of many closed-end investment companies and ETFs, after their initial public offering, frequently trade at a price per share, which is different than the net asset value per share. The difference represents a market premium or market discount of such shares. There

**LGM Risk Managed Total Return Fund NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued) November 30, 2025**

can be no assurances that the market discount or market premium on shares of any closed-end investment company or ETF purchased by the Fund will not change.

**Fair Valuation Process** - As noted above, the fair value committee is composed of one or more representatives from each of the (i) Trust, (ii) administrator, and (iii) adviser. Applicable investments are valued collectively via inputs from each of these groups. For example, fair value determinations are required for the following securities: (i) securities for which market quotations are insufficient or not readily available on a particular business day (including securities for which there is a short and temporary lapse in the provision of a price by the regular pricing source); (ii) securities for which, in the judgment of the adviser, the prices or values available do not represent the fair value of the instrument. Factors which may cause the adviser to make such a judgment include, but are not limited to, the following: only a bid price or an ask price is available; the spread between bid and ask prices is substantial; the frequency of sales; the thinness of the market; the size of reported trades; and actions of the securities markets, such as the suspension or limitation of trading; (iii) securities determined to be illiquid; and (iv) securities with respect to which an event that will affect the value thereof has occurred (a "significant event") since the closing prices were established on the principal exchange on which they are traded, but prior to the Fund's calculation of its net asset value. Restricted or illiquid investments, such as private investments or non-traded securities are valued via inputs from the adviser based upon the current bid for the security from two or more independent dealers or other parties reasonably familiar with the facts and circumstances of the security (who should take into consideration all relevant factors as may be appropriate under the circumstances). If the adviser is unable to obtain a current bid from such independent dealers or other independent parties, the fair value committee shall determine the fair value of such security using the following factors: (i) the type of security; (ii) the cost at date of purchase; (iii) the size and nature of the Fund's holdings; (iv) the discount from market value of unrestricted securities of the same class at the time of purchase and subsequent thereto; (v) information as to any transactions or offers with respect to the security; (vi) the nature and duration of restrictions on disposition of the security and the existence of any registration rights; (vii) how the yield of the security compares to similar securities of companies of similar or equal creditworthiness; (viii) the level of recent trades of similar or comparable securities; (ix) the liquidity characteristics of the security; (x) current market conditions; and (xi) the market value of any securities into which the security is convertible or exchangeable.

The Fund utilizes various methods to measure the fair value of all of its investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

**Level 1 –** Unadjusted quoted prices in active markets for identical assets and liabilities that the Fund has the ability to access.

**Level 2 –** Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

**Level 3 –** Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

**LGM Risk Managed Total Return Fund NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued) November 30, 2025**

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following table summarizes the inputs used as of November 30, 2025, for the Fund's investments measured at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Assets\* | Level 1 | Level 2 | Level 3 | Total |
| Exchange-Traded Funds | $5962550 | $— | $— | $5962550 |
| Total | $5962550 | $— | $— | $5962550 |

---

The Fund did not hold any level 2 or 3 securities during the period.

\* Refer to the Schedule of Investments for classifications.

**Exchange Traded Funds –** The Fund may invest in ETFs. ETFs are a type of fund bought and sold on a securities exchange. An ETF trades like common stock. An index ETF represents a fixed portfolio of securities designed to track the performance and dividend yield of a particular domestic or foreign market index. The risks of owning an ETF generally reflect the risks of owning the underlying securities in their portfolio, although the lack of liquidity on an ETF could result in it being more volatile. Additionally, ETFs have fees and expenses that reduce their value.

**Security Transactions and Related Income –** Security transactions are accounted for on the trade date. Interest income is recognized on an accrual basis. Discounts are accreted and premiums are amortized on securities purchased over the lives of the respective securities using the effective yield method. Dividend income is recorded on the ex-dividend date. Realized gains or losses from sales of securities are determined by comparing the identified cost of the security lot sold with the net sales proceeds. Dividends that represent long-term capital gain distributions from underlying investments are reclassified out of dividend income and presented separately for financial reporting purposes. The Fund holds certain investments which pay dividends to their shareholders based upon available funds from operations. Distributions received from investments in securities that represent a return of capital or long-term capital gains are recorded as a reduction of the cost of investments or as a realized gain, respectively.

**Distributions to Shareholders –** Dividends from net investment income are declared and paid at least annually. Distributions from net realized capital gains, if any, are declared and paid annually. Dividends and distributions to shareholders are recorded on the ex -dividend date and are determined in accordance with federal income tax regulations, which may differ from GAAP. These "book/tax" differences are considered either temporary (e.g., deferred losses, capital loss carryforwards) or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification. These reclassifications have no effect on net assets, results from operations or net asset values per share of the Fund.

**Federal Income Taxes –** The Fund has qualified and intend to continue to qualify each year as regulated investment companies ("RIC") under subchapter M of the Internal Revenue Code of 1986, as amended. By complying with the requirements applicable to RICs and annually distributing substantially all net investment company taxable income and net realized capital gains, no provision for federal income tax is required. The Fund recognizes the tax benefits of uncertain tax positions only where the position is "more likely than not" to be sustained assuming examination by tax authorities. Management has reviewed the Fund's tax positions and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken in the current tax year or on returns filed in previous tax years which are still open to examination by all major tax authorities (generally, federal returns are open to examination by the Internal Revenue Service for a period of three years from date of filing) The Fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statements of Operations when incurred. During the period, the Fund did not incur any interest or penalties. The Fund typically intend to annually distribute sufficient net investment company taxable income and net realized capital gains if any, so that it will not be subject to the excise tax on undistributed income of RICs. If the required amount of net investment income or gains is not distributed annually, the Funds could incur a tax expense.

**LGM Risk Managed Total Return Fund NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued) November 30, 2025**

**Expenses –** Expenses of the Trust that are directly identifiable to a specific fund are charged to that fund. Expenses, which are not readily identifiable to a specific fund, are allocated in such a manner as deemed equitable (as determined by the Board), taking into consideration the nature and type of expense and the relative sizes of the funds in the Trust.

**Cash and Cash Equivalents** – Cash and cash equivalents, if any, are held with a financial institution. The assets of the Fund may be placed in deposit accounts at U.S. banks and such deposits generally exceed Federal Deposit Insurance Corporation ("FDIC") insurance limits. The FDIC insures deposit accounts up to $250,000 for each accountholder. The Fund maintains cash balances, which, at times, may exceed federally insured limits. The counterparty is generally a single bank rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Fund places deposits only with those counterparties which are believed to be creditworthy and there has been no history of loss.

**Indemnification –** The Trust indemnifies its officers and Trustees for certain liabilities that may arise from the performance of their duties to the Trust. Additionally, in the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties and which provide general indemnities. The Fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund that have not yet occurred. However, based on experience, the risk of loss due to these warranties and indemnities appears to be remote.

**Market and Geopolitical Risk –** The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. Securities in the Fund's portfolio may underperform due to inflation (or expectations for inflation), interest rates, global demand for particular products or resources, natural disasters, climate-change and climate-related events, pandemics, epidemics, terrorism, regulatory events, tariffs and trade wars, and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years may result in market volatility and may have long-term effects on the U.S. financial market.

**3.** **INVESTMENT TRANSACTIONS** 

For the six months ended November 30, 2025, cost of purchases and proceeds from sales of portfolio securities, excluding short-term investments, amounted to $13,850,462 and $13,411,166, respectively.

**4.** **INVESTMENT ADVISORY AGREEMENT AND TRANSACTIONS WITH RELATED PARTIES** 

LGM Capital Management, LLC serves as the Fund's investment adviser (the "Adviser"). Pursuant to an advisory agreement with the Trust on behalf of the Fund, the Adviser, under the oversight of the Board, directs the daily operations of the Fund and supervises the performance of administrative and professional services provided by others. As compensation for its services and the related expenses borne by the Adviser, the Fund pays the Adviser a fee computed and accrued daily and paid monthly, based on the Fund's average daily net assets and is computed at the annual rate of 1.00%. Pursuant to the advisory agreement, the Fund accrued $75,418 in advisory fees for the six months ended November 30, 2025.

For the period June 1, 2025 to September 30, 2025 the Fund's adviser contractually agreed to reduce its fees and/or absorb expenses of the Fund, until at least September 30, 2025, to ensure that total annual fund operating expenses after fee waiver and/or reimbursement (exclusive of (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions; (iii) acquired fund fees and expenses; (iv) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short); (vi) taxes; (vii) and extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees, and contractual indemnification of Fund service providers (other than the Adviser)) would not exceed 2.62% of the Fund's net assets. As of October 1, 2025 the Adviser agreed to reduce its fees and/or absorb expenses of the Fund, until at least October 1, 2026 to ensure that the total annual fund operating expenses after fee waivers and/or reimbursement will not exceed 2.48% of the Fund's net assets. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years (within three years from the date the fees have been waived or reimbursed) if such recoupment can be achieved within the lesser of the foregoing expense limits or those in place at the time of recapture after the recoupment is taken into account. This agreement may be terminated by the Board only on 60 days' written notice to the Adviser. During the six months ended November 30, 2025, the Adviser waived fees in the amount of $11,011. Subject to the conditions described above,

**LGM Risk Managed Total Return Fund NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued) November 30, 2025**

the Adviser can recoup previously waived fees and reimbursed expenses of $2,925 until May 31, 2028.

In addition, certain affiliates of the Northern Lights Distributors, LLC (the "Distributor") provide services to the Fund as follows:

*<u>Ultimus Fund Solutions, LLC</u>* <u>("UFS")</u>, an affiliate of the Distributor, provides administration, fund accounting, and transfer agent services to the Trust. Pursuant to a separate servicing agreement with UFS, the Fund pays UFS customary fees for providing administration, fund accounting and transfer agency services to the Fund as shown in the Statement of Operations. Certain officers of the Trust are also officers of UFS and are not paid any fees directly by the Fund for serving in such capacities.

*<u>Northern Lights Compliance Services, LLC</u>* <u>("NLCS")</u>, an affiliate of UFS and the Distributor, provides a chief compliance officer to the Trust, as well as related compliance services, pursuant to a consulting agreement between NLCS and the Trust. Under the terms of such agreement, NLCS receives customary fees from the Fund which are included in "Compliance officer fees" in the Statement of Operations.

*<u>Blu Giant, LLC</u>* <u>("Blu Giant")</u>, an affiliate of UFS and the Distributor, provides EDGAR conversion and filing services, as well as print management services for the Fund on an ad-hoc basis as shown in the Statement of Operations. For the provision of these services, Blu Giant receives customary fees from the Fund which are included in "Printing and postage expenses" in the Statement of Operations.

**5.** **DISTRIBUTIONS TO SHAREHOLDERS AND TAX COMPONENTS OF CAPITAL** 

The Statement of Assets and Liabilities represents costs for financial reporting purposes. Aggregate cost for federal tax purposes is $5,893,301 for the Fund.

---

| | |
|:---|:---|
| Unrealized Appreciation | $162100 |
| Unrealized Depreciation | (92851) |
| Tax Net Unrealized Appreciation | $69249 |

---

The tax character of fund distributions paid for the year ended May 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
|  | Fiscal Year Ended<br>May 31, 2025 | Fiscal Year Ended<br>May 31, 2024 |
| Ordinary Income | $141393 | $— |
| Long-Term Capital Gain |  |  |
| Return of Capital |  |  |
|  | $141393 | $— |

---

There were no Fund distributions for the year ended May 31, 2024.

As of May 31, 2025, the components of accumulated earnings/(deficit) on a tax basis were as follows: The difference between book basis and tax basis undistributed net investment income/(loss), accumulated net realized gain/(loss), and unrealized appreciation/(depreciation) from investments is primarily attributable to the tax deferral of losses on wash sales.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Undistributed | Undistributed | Post October Loss | Capital Loss | Other | Unrealized | Total |
| Ordinary | Long-Term | and | Carry | Book/Tax | Appreciation/ | Distributable Earnings/ |
| Income | Gains | Late Year Loss | Forwards | Differences | (Depreciation) | (Accumulated Deficit) |
| $54491 | $— | $— | $(2025624) | $— | $159997 | $(1811136) |

---

**LGM Risk Managed Total Return Fund NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued) November 30, 2025**

At May 31, 2025, the Fund had capital loss carryforwards for federal income tax purposes available to offset future capital gains, along with capital loss carryforwards utilized as follows:

---

| | | | |
|:---|:---|:---|:---|
| Non-expiring Short-Term | Non-expiring Long-Term | Total | CLCF Utilized |
| $2025624 | $– $| 2025624 | $1455286 |

---

**6.** **REDEMPTION FEES** 

The Fund may assess a short-term redemption fee of 2.00% of the total redemption amount if shareholders sell their shares after holding them for less than ninety days. The redemption fee is paid directly to the Fund. Please refer to the Statements of Changes in Net Assets for the collected redemption fees.

**7.** **BENEFICIAL OWNERSHIP** 

The beneficial ownership, either directly or indirectly, of more than 25% of voting securities of the Fund creates a presumption of control of the Fund, under Section 2(a)(9) of the 1940 Act. As of November 30, 2025, Charles Schwab & Co. and SEI Private Trust Company held 45.00% and 53.83%, respectively, of the voting securities of the Fund and may be deemed to control the Fund.

**8.** **ACCOUNTING PRONOUNCEMENT** 

In December 2023, the FASB issued Accounting Standards Update 2023-09 ("ASU 2023-09"), Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which amends quantitative and qualitative income tax disclosure requirements in order to increase disclosure consistency, bifurcate income tax information by jurisdiction and remove information that is no longer beneficial. ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Fund Management is evaluating the impacts of these changes on the Fund's financial statements.

**9.** **SUBSEQUENT EVENTS** 

Subsequent events after the date of the Statement of Assets and Liabilities have been evaluated through the date the financial statements were issued. Management has determined that no events or transactions occurred requiring adjustment or disclosure in the financial statements.

**LGM Risk Managed Total Return Fund ADDITIONAL INFORMATION (Unaudited) (Continued) November 30, 2025**

**Changes in and Disagreements with Accountants**

There were no changes in or disagreements with accountants during the period covered by this report.

**Proxy Disclosures**

Not applicable.

**Remuneration Paid to Directors, Officers and Others**

Refer to the financial statements included herein.

**Statement Regarding Basis for Approval of Investment Advisory Agreement**

Not Applicable.

**<u>PROXY VOTING POLICY</u>**

Information regarding how the Fund voted proxies relating to portfolio securities for the most recent 12-month period ended June 30, as well as a description of the policies and procedures that the Fund used to determine how to vote proxies, is available without charge, upon request, by (i) calling 1-844-655-9371; (ii) visiting the Fund's website at www.LGMCapitalmanagement.com; or (iii) by referring to the Securities and Exchange Commission's website at http://www.sec.gov.

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies**

Included under Item 7

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.**

Included under Item 7

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.**

Included under Item 7.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.** 

Included under Item 7.

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** 

Not applicable.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies.** 

Not applicable.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** 

Not applicable.

**Item 15. Submission of Matters to a Vote of Security Holders.** 

None

**Item 16. Controls and Procedures**

(a) The registrant's Principal Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures as of a date within 90 days of this report on Form N-CSR.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** 

Not applicable.

**Item 18. Recovery of Erroneously Awarded Compensation.**

(a)&nbsp;&nbsp;&nbsp;&nbsp; Not applicable

(b)&nbsp;&nbsp;&nbsp;&nbsp; Not applicable

**Item 19. Exhibits.** 

(a)(1) Not applicable.

(a)(2) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)): [Attached hereto.](ex99-cert.htm)

(a)(3) Not applicable

(a)(4) Not applicable

(b) Certifications required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)): [Attached hereto.](ex99-906cert.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) <u>Northern Lights Fund Trust IV</u>

By (Signature and Title)

---

| |
|:---|
| /s/ Wendy Wang |
| Wendy Wang, |
| Principal Executive Officer/President |

---

Date <u>2/2/2026</u>

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)

---

| |
|:---|
| /s/ Wendy Wang |
| Wendy Wang, |
| Principal Executive Officer/President |

---

Date <u>2/2/2026</u>

By (Signature and Title)

---

| |
|:---|
| /s/ Sam Singh |
| Sam Singh, |
| Principal Financial Officer/Treasurer |

---

Date <u>2/2/2026</u>

## Ex-99.Cert

**Certification** [Exhibit 99. CERT]

I, Wendy Wang, certify that:

1. I have reviewed this report on Form N-CSR of the LGM Risk Managed Total Return Fund (a series of Northern Lights Fund Trust IV);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 2/2/2026 | /s/ Wendy Wang |
|  |  | Wendy Wang, |
|  |  | Principal Executive Officer/President |

---

**Certification** [Exhibit 99. CERT]

I, Sam Singh, certify that:

1. I have reviewed this report on Form N-CSR of the LGM Risk Managed Total Return Fund (a series of Northern Lights Fund Trust IV);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 2/2/2026 | /s/ Sam Singh |
|  |  | Sam Singh, |
|  |  | Principal Financial Officer/Treasurer |

---

## Exhibit 99.906

**certification**

Wendy Wang, President, and Sam Singh, Treasurer of Northern Lights Fund Trust IV (the "Registrant"), each certify to the best of his knowledge that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Registrant's periodic report on Form N-CSR for the period ended November 30, 2025, (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

---

| | | | |
|:---|:---|:---|:---|
| Chief Executive Officer | Chief Executive Officer | Chief Financial Officer | Chief Financial Officer |
| Northern Lights Fund Trust IV | Northern Lights Fund Trust IV | Northern Lights Fund Trust IV | Northern Lights Fund Trust IV |
| /s/ Wendy Wang | /s/ Wendy Wang | /s/ Sam Singh | /s/ Sam Singh |
| Wendy Wang | Wendy Wang | Sam Singh | Sam Singh |
| Date: | 2/6/2026 | Date: | 2/6/2026 |

---

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR filed with the Commission.