# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0000910472-26-000646
**Filing Date:** 2026-1
**Character Count:** 72140
**Document Hash:** 027f408b3874bdd5a52d5e2de0fdf3dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000646.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000910472-26-000646

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**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:** 26566592

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68154-1150

## Series and Classes Contracts Data

### Inspire International ETF (Series ID: S000066581)

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Northern Lights Fund Trust IV

- **b. Investment Company Act file number:** 811-23066

- **c. CIK number of Registrant:** 0001644419

- **d. LEI of Registrant:** 549300UIBIHXQ3PDEC28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Inspire International ETF

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

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

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

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

- **b. Date as of which information is reported:** 2025-11-30

**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:** $415278910.55

**Total Liabilities:** $280269.39

**Net Assets:** $414998641.16

**Cash Not Reported:** $424442.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214760 | 1.44%                | 1.22%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1512578.93              | $3361417.78                                |
| Month 2  | $7860245.76              | $-3262177.12                               |
| Month 3  | $14570.68                | $1716006.94                                |

### 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 COLCHESTER STR TR MONEY MKT GOV PORT | 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        |     87611 | NS      | $2549063.18   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Icon PLC                                    | ICON PLC                                      | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     12371 | NS      | $2288635.00   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| RIO Tinto Limited                           | RIO TINTO LTD                                 | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     25353 | NS      | $2196119.99   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Prosus NV                                   | PROSUS NV                                     | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     28882 | NS      | $1818024.73   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| SCB X PCL                                   | SCB X PCL-FOREIG                              | CUSIP: Y753YV101<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |    507080 | NS      | $2052635.84   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Transurban Group                            | TRANSURBAN GROUP                              | CUSIP: Q9194A106<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    223419 | NS      | $2184300.75   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Cencosud S.A.                               | CENCOSUD SA                                   | CUSIP: P2205J100<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |    670950 | NS      | $2106860.05   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonova Holding AG                           | SONOVA HOLDING A                              | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      7294 | NS      | $1817233.68   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrari N V                                 | FERRARI NV                                    | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      4195 | NS      | $1644020.50   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| New World Development Co Ltd.               | NEW WORLD DEV                                 | CUSIP: Y6266R109<br>LEI: 2549008GWMWXTIRL4S48 | Long             | EC               | CORP              | HK        |   1987745 | NS      | $1753946.71   | 0.42%             |  |  |  | No            | 1                  | On Loan: —       |
| Kion Group AG                               | KION GROUP AG                                 | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     30276 | NS      | $2267187.70   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| BB Seguridade Participacoes SA              | BB SEGURIDADE PA                              | CUSIP: P1R1WJ103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    315421 | NS      | $2014255.83   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Standard Bank Group Ltd.                    | STANDARD BANK GR                              | CUSIP: S80605140<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |    148397 | NS      | $2286473.43   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Bimbo S.A.B de C.V.                   | GRUPO BIMBO-A                                 | CUSIP: P4949B104<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |    566071 | NS      | $1794065.59   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Alfa Laval AB                               | ALFA LAVAL AB                                 | CUSIP: W04008152<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |     44857 | NS      | $2117455.94   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung SDI Co Ltd.                         | SAMSUNG SDI CO                                | CUSIP: Y74866107<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     13214 | NS      | $2698279.14   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Celltrion Inc                               | CELLTRION INC                                 | CUSIP: Y1242A106<br>LEI: 988400JFZG785WJX3D68 | Long             | EC               | CORP              | KR        |     15241 | NS      | $1928622.29   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| BIM Birlesik Magaz                          | BIM                                           | CUSIP: M2014F102<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |    156459 | NS      | $1976831.06   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Antofagasta PLC                             | ANTOFAGASTA PLC                               | CUSIP: G0398N128<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |     53624 | NS      | $1957707.22   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential PLC                              | PRUDENTIAL PLC                                | CUSIP: G72899100<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    143556 | NS      | $2077946.73   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Fairfax Financial Holdings Limited          | FAIRFAX FINL HLD                              | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1166 | NS      | $2007728.70   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Suzano S A                                  | SUZANO SA                                     | CUSIP: P8T20U187<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |    210260 | NS      | $1880732.63   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Hermes International                        | HERMES INTL                                   | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       819 | NS      | $1995243.62   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| WSP Global Inc                              | WSP GLOBAL INC                                | CUSIP: 92938W202<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | EC               | CORP              | CA        |     10370 | NS      | $1813928.19   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Julius Baer Group AG                        | JULIUS BAER GROU                              | CUSIP: H4414N103<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     29695 | NS      | $2122233.43   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| KBC Group NV                                | KBC GROUP                                     | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     17259 | NS      | $2125339.73   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Tryg AS                                     | TRYG A/S                                      | CUSIP: K9640A110<br>LEI: 213800ZRS8AC4LSTCE39 | Long             | EC               | CORP              | DK        |     80554 | NS      | $1996107.17   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| UCB SA                                      | UCB SA                                        | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      7581 | NS      | $2115116.59   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Enel Americas SA                            | ENEL AMERICAS SA                              | CUSIP: P37186106<br>LEI: 549300LKH11TFCJLZK20 | Long             | EC               | CORP              | CL        |  19549725 | NS      | $1895142.52   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP SA                                      | EDP SA                                        | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    428547 | NS      | $1912055.41   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Mahindra & Mahindra Ltd.                    | MAHINDRA & M-GDR                              | CUSIP: Y54164119<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     51991 | NS      | $2214816.60   | 0.53%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Wienerberger AG                             | WIENERBERGER AG                               | CUSIP: A95384110<br>LEI: 529900VXIFBHO0SW2I31 | Long             | EC               | CORP              | AT        |     63724 | NS      | $2182288.26   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Givaudan SA                                 | GIVAUDAN-REG                                  | CUSIP: H3238Q102<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |       500 | NS      | $2108546.24   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Yara International ASA                      | YARA INTL ASA                                 | CUSIP: R9900C106<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     54545 | NS      | $1991686.88   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian National Railway Company           | CAN NATL RAILWAY                              | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     21497 | NS      | $2058650.52   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| B3 S.A. - Brasil, Bolsa, Balcao             | B3 SA                                         | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    770690 | NS      | $2175654.85   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                      | AGNICO EAGLE MIN                              | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     12142 | NS      | $2118153.39   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| SM Prime Holdings Inc.                      | SM PRIME HLDGS                                | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |   4938317 | NS      | $1936925.15   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Realty & Development Co Ltd.       | SUMITOMO REALTY                               | CUSIP: J77841112<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |     45626 | NS      | $2202706.99   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Sociedad Quimica y Minera de Chile S A      | SOQUIMICH-B                                   | CUSIP: P8716X108<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EP               | CORP              | CL        |     44252 | NS      | $2843623.96   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortis Inc                                  | FORTIS INC                                    | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     40321 | NS      | $2113729.94   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| LG H&H Co Ltd.                              | LG H&H                                        | CUSIP: Y5275R100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9535 | NS      | $1797511.10   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Garmin Ltd                                  | GARMIN LTD                                    | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      8232 | NS      | $1607874.24   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortescue Ltd.                              | FORTESCUE LTD                                 | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |    164138 | NS      | $2301220.99   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.     | TERNA-RETE ELETT                              | CUSIP: T9471R100<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    201689 | NS      | $2126391.68   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Iberdrola, S.A.                             | IBERDROLA SA                                  | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    107544 | NS      | $2268779.16   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Advantest Corp.                             | ADVANTEST CORP                                | CUSIP: J00210104<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     19844 | NS      | $2613526.26   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Tourmaline Oil Corp.                        | TOURMALINE OIL C                              | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |     44849 | NS      | $2064192.00   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Poste Italiane S.p.A.                       | POSTE ITALIANE                                | CUSIP: T7S697106<br>LEI: 815600354DEDBD0BA991 | Long             | EC               | NUSS              | IT        |     85628 | NS      | $2047323.76   | 0.49%             |  |  |  | Yes           | 1                  | On Loan: No      |
| EVA Airways Corp.                           | EVA AIRWAYS                                   | CUSIP: Y2361Y107<br>LEI: 254900S1P4XOXV67GC07 | Long             | EC               | CORP              | TW        |   1557693 | NS      | $1692443.25   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Snam S.p.A.                                 | SNAM SPA                                      | CUSIP: T8578N103<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |    340140 | NS      | $2262601.81   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Afry AB                                     | AFRY AB                                       | CUSIP: W05244111<br>LEI: 549300Q87LKPPD4X9R30 | Long             | EC               | CORP              | SE        |    119344 | NS      | $2003417.12   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Beiersdorf AG                               | BEIERSDORF AG                                 | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |     19491 | NS      | $2095169.44   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Siam Cement Public Co Ltd.                  | SIAM CEMENT-NVDR                              | CUSIP: Y7866P121<br>LEI: 529900SEH9QK8ZZDCQ89 | Long             | EC               | CORP              | TH        |    282197 | NS      | $1638789.99   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Sika AG                                     | SIKA AG-REG                                   | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      9108 | NS      | $1794587.63   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| DSV AS                                      | DSV A/S                                       | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     10068 | NS      | $2295394.70   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Check Point Software Technologies Ltd.      | CHECK POINT SOFT                              | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      9824 | NS      | $1834828.48   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Rakyat Indonesia (Persero) Tbk         | BANK RAKYAT INDO                              | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |   8422558 | NS      | $1860780.06   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Mandiri (Persero) Tbk PT               | BANK MANDIRI                                  | CUSIP: Y7123S108<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |   7618584 | NS      | $2209146.95   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Vonovia SE                                  | VONOVIA SE                                    | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     65648 | NS      | $1989241.02   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Commonwealth Bank of Australia              | COMMONW BK AUSTR                              | CUSIP: Q26915100<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     18257 | NS      | $1823308.93   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                            | TOTALENERGIES SE                              | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     32507 | NS      | $2141992.58   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Swiss Life Holding AG                       | SWISS LIFE H AG                               | CUSIP: H8404J162<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |      1892 | NS      | $2074896.16   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| PT Chandra Asri Pacific Tbk                 | CHANDRA ASRI PAC                              | CUSIP: Y1292Y103<br>LEI: 254900146Z996100HK31 | Long             | EC               | CORP              | ID        |   4297664 | NS      | $1909270.19   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| E.ON SE                                     | E.ON SE                                       | CUSIP: D24914133<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |    107747 | NS      | $1918696.58   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Natural Resources Limited          | CAN NATURAL RES                               | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     62524 | NS      | $2115764.66   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryanair Holdings PLC                        | RYANAIR HLDG-ADR                              | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     34942 | NS      | $2381646.72   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP Renovaveis SA                           | EDP RENOVAVEIS S                              | CUSIP: E3847K101<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    151267 | NS      | $2012798.71   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| SEB SA                                      | SEB SA                                        | CUSIP: F82059100<br>LEI: 969500WP61NBK098AC47 | Long             | EC               | CORP              | FR        |     26905 | NS      | $1520663.11   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Holcim AG                                   | HOLCIM LTD                                    | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     24209 | NS      | $2267295.41   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Intertek Group PLC                          | INTERTEK GROUP                                | CUSIP: G4911B108<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |     32353 | NS      | $1981136.78   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Legal & General Group PLC                   | LEGAL & GEN GRP                               | CUSIP: G54404127<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |    630319 | NS      | $2060040.52   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Software Inc.                 | CONSTELLATION SO                              | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       753 | NS      | $1822434.69   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Tomra Systems ASA                           | TOMRA SYSTEMS AS                              | CUSIP: R91733155<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |    134987 | NS      | $1668787.08   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Bureau Veritas SA                           | BUREAU VERITAS S                              | CUSIP: F96888114<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |     65519 | NS      | $2096303.97   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Eni SpA                                     | ENI SPA                                       | CUSIP: T3643A145<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |    114337 | NS      | $2139773.18   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinor ASA                                 | EQUINOR ASA                                   | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     80821 | NS      | $1861736.30   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Toyota Industries Corp.                     | TOYOTA INDUSTRIE                              | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     18037 | NS      | $2018196.92   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Partners Group Holding AG                   | PARTNERS GROUP J                              | CUSIP: H6120A101<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      1559 | NS      | $1849463.62   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| STMicroelectronics N.V.                     | STMICROELECTRONI                              | CUSIP: N83574108<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |     71946 | NS      | $1650584.80   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Electronics Thailand Public Co Ltd    | DELTA ELEC-NVDR                               | CUSIP: Y20266121<br>LEI: 529900JKLVG9Y2SVWL93 | Long             | EC               | CORP              | TH        |    401895 | NS      | $2515363.38   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Hera SpA                                    | HERA SPA                                      | CUSIP: T5250M106<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    455968 | NS      | $2181452.47   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Geberit AG                                  | GEBERIT AG-REG                                | CUSIP: H2942E124<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |      2740 | NS      | $2134249.71   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| ASR Nederland N.V.                          | ASR NEDERLAND NV                              | CUSIP: N0709G103<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     30110 | NS      | $2031551.74   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Fanuc Corp.                                 | FANUC CORP                                    | CUSIP: J13440102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     70617 | NS      | $2271901.79   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Huhtamaki Oyj                               | HUHTAMAKI OYJ                                 | CUSIP: X33752100<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |     57830 | NS      | $1992518.56   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Trane Technologies PLC                      | TRANE TECHNOLOGI                              | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4880 | NS      | $2056822.40   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| OMV AG                                      | OMV AG                                        | CUSIP: A51460110<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     37589 | NS      | $2079168.82   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Intesa Sanpaolo S.p.A.                      | INTESA SANPAOLO                               | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    310378 | NS      | $2011335.86   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Dassault Systemes                           | DASSAULT SYSTEME                              | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     60911 | NS      | $1703670.78   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Santos Ltd.                                 | SANTOS LTD                                    | CUSIP: Q82869118<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |    445538 | NS      | $1878897.73   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrovial SE                                | FERROVIAL SE                                  | CUSIP: N3168P101<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     35590 | NS      | $2331103.71   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.         | HKEX                                          | CUSIP: Y3506N139<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     35284 | NS      | $1862595.82   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Cenovus Energy Inc                          | CENOVUS ENERGY                                | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    117105 | NS      | $2089050.83   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Ajinomoto Co Inc.                           | AJINOMOTO CO INC                              | CUSIP: J00882126<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     71590 | NS      | $1660269.17   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Evonik Industries AG                        | EVONIK INDUSTRIE                              | CUSIP: D2R90Y117<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |    118120 | NS      | $1818390.26   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| BHP Group Ltd.                              | BHP GROUP LTD                                 | CUSIP: Q1498M100<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     73355 | NS      | $2001638.96   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Kuehne & Nagel International AG             | KUEHNE & NAGEL-R                              | CUSIP: H4673L145<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |     10645 | NS      | $2135202.82   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Wistron Corp                                | WISTRON CORP                                  | CUSIP: Y96738102<br>LEI: 254900DIEONKUALBFM06 | Long             | EC               | CORP              | TW        |    463048 | NS      | $2131924.04   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| DISCO Corp.                                 | DISCO CORP                                    | CUSIP: J12327102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6426 | NS      | $1798779.81   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| ALS Ltd.                                    | ALS LTD                                       | CUSIP: Q0266A116<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |    155978 | NS      | $2280786.29   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Naspers Limited                             | NASPERS LTD-N                                 | CUSIP: S53435129<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |     28190 | NS      | $1763055.11   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| OTP Bank PLC                                | OTP BANK PLC                                  | CUSIP: X60746181<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     23133 | NS      | $2407971.79   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Edenred SA                                  | EDENRED                                       | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     85842 | NS      | $1841320.86   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Hong Kong & China Gas Co Ltd. (Towngas)     | HONG KG CHINA GS                              | CUSIP: Y33370100<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |   2287949 | NS      | $2127570.17   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena SME S.A.                               | AENA SME SA                                   | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     75607 | NS      | $2057703.27   | 0.50%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Wilmar International Ltd.                   | WILMAR INTERNATI                              | CUSIP: Y9586L109<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    911562 | NS      | $2279151.20   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashtead Group PLC                           | ASHTEAD GROUP                                 | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     30040 | NS      | $1919824.21   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Voestalpine AG                              | VOESTALPINE AG                                | CUSIP: A9101Y103<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |     56985 | NS      | $2456569.14   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Brookfield Corp.                            | BROOKFIELD CORP                               | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     43656 | NS      | $2061140.24   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Aeon Co Ltd.                                | AEON CO LTD                                   | CUSIP: J00288100<br>LEI: 5299009MXFL34SA71416 | Long             | EC               | CORP              | JP        |    168457 | NS      | $3048944.25   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Boerse AG                          | DEUTSCHE BOERSE                               | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      7622 | NS      | $2038133.41   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| President Chain Store Corp.                 | PRESIDENT CHAIN                               | CUSIP: Y7082T105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    236608 | NS      | $1805563.68   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Bollore SE                                  | BOLLORE SE                                    | CUSIP: F10659260<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    364429 | NS      | $2020847.59   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Polska Kasa Opieki SA                  | PEKAO                                         | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     42135 | NS      | $2308442.91   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Danske Bank A/S                             | DANSKE BANK A/S                               | CUSIP: K22272114<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     47135 | NS      | $2167560.76   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| ABB Ltd.                                    | ABB LTD-REG                                   | CUSIP: H0010V101<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     28299 | NS      | $2033739.58   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Wheaton Precious Metals Corporation         | WHEATON PRECIOUS                              | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     18284 | NS      | $2007918.11   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| KakaoBank Corp.                             | KAKAOBANK CORP                                | CUSIP: Y451AA104<br>LEI: 988400VAVCFSK6VF9Q87 | Long             | EC               | CORP              | KR        |    113657 | NS      | $1677682.74   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Renesas Electronics Corp.                   | RENESAS ELECTRON                              | CUSIP: J4881V107<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    172523 | NS      | $2044694.95   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| MTN Group Ltd                               | MTN GROUP LTD                                 | CUSIP: S8039R108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    253012 | NS      | $2334699.12   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| CSL Ltd.                                    | CSL LTD                                       | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |     15454 | NS      | $1885325.26   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Franco Nevada Corp                          | FRANCO-NEVADA CO                              | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      9252 | NS      | $1934161.82   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Worley Ltd.                                 | WORLEY LTD                                    | CUSIP: Q9858A103<br>LEI: 549300XDR86FY8OLGP97 | Long             | EC               | CORP              | AU        |    217571 | NS      | $1900594.03   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Coloplast AS                                | COLOPLAST-B                                   | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     23350 | NS      | $2106927.30   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Alimentation Couche-Tard Inc.               | ALIMEN COUCHE                                 | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     38110 | NS      | $2081543.55   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| H Lundbeck A S                              | H LUNDBECK A/S-A                              | CUSIP: K4406L145<br>LEI: 5493006R4KC2OI5D3470 | Long             | EC               | CORP              | DK        |    364653 | NS      | $1982822.75   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Wisetech Global Ltd.                        | WISETECH GLOBAL                               | CUSIP: Q98056106<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |     33053 | NS      | $1580466.28   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Chugai Pharmaceutical Co Ltd.               | CHUGAI PHARMA CO                              | CUSIP: J06930101<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     47575 | NS      | $2550172.51   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Akzo Nobel N.V.                             | AKZO NOBEL                                    | CUSIP: N01803308<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     28516 | NS      | $1853870.81   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Daiichi Life Group Inc.                     | DAI-ICHI LIFE HO                              | CUSIP: J09748112<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |    260161 | NS      | $2029203.18   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Straumann Holding AG                        | STRAUMANN HLDG-R                              | CUSIP: H8300N127<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     18497 | NS      | $2109573.68   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Symrise AG                                  | SYMRISE AG                                    | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     23450 | NS      | $1943466.36   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Croda International PLC                     | CRODA INTL.                                   | CUSIP: G25536155<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     55748 | NS      | $2008684.31   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Sandvik AB                                  | SANDVIK AB                                    | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     73173 | NS      | $2209477.59   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresenius SE & Co. KGaA                     | FRESENIUS SE & C                              | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     37112 | NS      | $2037715.73   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Enel S.p.A.                                 | ENEL SPA                                      | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    216044 | NS      | $2232621.75   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Aumovio SE                                  | AUMOVIO SE                                    | CUSIP: D0R9B8108<br>LEI: 391200IGI9RQ7VTOK384 | Long             | EC               | CORP              | DE        |     11684 | NS      | $502872.85    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Kone Oyj                                    | KONE OYJ-B                                    | CUSIP: X4551T105<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |     29811 | NS      | $2024519.65   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| United Overseas Bank Ltd.                   | UNITED OVERSEAS                               | CUSIP: Y9T10P105<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     75411 | NS      | $1977424.86   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| RWE AG                                      | RWE AG                                        | CUSIP: D6629K109<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     45651 | NS      | $2316444.01   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Genmab As                                   | GENMAB A/S                                    | CUSIP: K3967W102<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      7024 | NS      | $2225039.81   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| AIA Group Ltd, Hong Kong                    | AIA                                           | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    209874 | NS      | $2172664.51   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| BBH SWEEP VEHICLE                           | BBH SWEEP VEHICLE                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2664737 | PA      | $2664736.69   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Jeronimo Martins - S.G.P.S., S.A.           | JERONIMO MARTINS                              | CUSIP: X40338109<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |     83553 | NS      | $1981233.55   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Naturgy Energy Group S.A.                   | NATURGY ENERGY                                | CUSIP: E7S90S109<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     64933 | NS      | $1997706.68   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Goodman Group                               | GOODMAN GROUP                                 | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     93023 | NS      | $1807951.44   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Solvay NV/SA                                | SOLVAY SA-A                                   | CUSIP: B82095116<br>LEI: 549300MMVL80RTBP3O28 | Long             | EC               | CORP              | BE        |     64392 | NS      | $2054269.14   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Prada S.p.A.                                | PRADA                                         | CUSIP: T7733C101<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |    336293 | NS      | $1990349.23   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Financiero Banorte S.A.B. de C.V.     | GRUPO F BANORT-O                              | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    204895 | NS      | $1972323.18   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| NXP Semiconductors NV                       | NXP SEMICONDUCTO                              | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      8950 | NS      | $1744713.00   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| First Financial Holding Co Ltd.             | FIRST FINANCIAL                               | CUSIP: Y2518F100<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |   2019428 | NS      | $1775886.98   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Valterra Platinum Ltd.                      | VALTERRA PLATINU                              | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     27742 | NS      | $1930192.68   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA | PKOBP                                         | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    104503 | NS      | $2216279.10   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| UPM-Kymmene Corporation                     | UPM-KYMMENE OYJ                               | CUSIP: X9518S108<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     73854 | NS      | $2014277.89   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Eneos Holdings Inc                          | ENEOS HOLDINGS I                              | CUSIP: J29699105<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    317412 | NS      | $2089707.22   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| SM Investments Corp.                        | SM INVESTMENTS                                | CUSIP: Y80676102<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |    151820 | NS      | $1915873.12   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Woodside Energy Group Ltd.                  | WOODSIDE ENERGY                               | CUSIP: Q98327333<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |    131263 | NS      | $2142876.43   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| GEA Group AG                                | GEA GROUP AG                                  | CUSIP: D28304109<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     28000 | NS      | $1896983.76   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Continental AG                              | CONTINENTAL AG                                | CUSIP: D16212140<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     23243 | NS      | $1740258.96   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| ITOCHU Corp.                                | ITOCHU CORP                                   | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     35610 | NS      | $2133563.77   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Inpex Corp.                                 | INPEX CORP                                    | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |    109798 | NS      | $2341137.21   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| REA Group Ltd.                              | REA GROUP LTD                                 | CUSIP: Q8051B108<br>LEI: 894500KA4UBDATOFPN36 | Long             | EC               | CORP              | AU        |     13309 | NS      | $1707397.15   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| National Australia Bank Ltd.                | NATL AUST BANK                                | CUSIP: Q65336119<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     69413 | NS      | $1822710.56   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco de Bogota SA                          | BANCO BOGOTA                                  | CUSIP: P09252100<br>LEI: 549300LYHE7LWSKDZT53 | Long             | EC               | CORP              | CO        |    144206 | NS      | $1471568.21   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Delek Group Ltd.                            | DELEK GROUP LTD                               | CUSIP: M27635107<br>LEI: 213800CYKA4XE2HZZB09 | Long             | EC               | CORP              | IL        |      8530 | NS      | $2236604.24   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Syensqo SA                                  | SYENSQO SA                                    | CUSIP: B8T189100<br>LEI: 549300060XNJ90PLNS10 | Long             | EC               | CORP              | BE        |     25287 | NS      | $2061095.85   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                 | MOL                                           | CUSIP: X5S32S129<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |    243488 | NS      | $2155941.21   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Weg SA                                      | WEG SA                                        | CUSIP: P9832B129<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    284608 | NS      | $2341033.15   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Sampo PLC                                   | SAMPO OYJ-A SHS                               | CUSIP: X75653232<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    176979 | NS      | $2080837.78   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Singapore Telecommunications Ltd.           | SINGAPORE TELECO                              | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    630572 | NS      | $2301641.81   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Geely Automobile Holdings Ltd               | GEELY AUTOMOBILE                              | CUSIP: G3777B103<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |    837566 | NS      | $1822348.50   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| UTD Tractors                                | UNITED TRACTORS                               | CUSIP: Y7146Y140<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |   1245006 | NS      | $2092823.92   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| East Japan Railway Co.                      | EAST JAPAN RAIL                               | CUSIP: J1257M109<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |     82722 | NS      | $2142420.48   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| 3i Group PLC                                | 3I GROUP PLC                                  | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     37396 | NS      | $1563261.21   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Corporation of Canada                 | POWER CORP CDA                                | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     47588 | NS      | $2422833.94   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Intact Financial Corp.                      | INTACT FINANCIAL                              | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |     10666 | NS      | $2178245.57   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| EMS-Chemie Holding AG                       | EMS-CHEMIE HLDG                               | CUSIP: H22206199<br>LEI: 529900G1XFTGSE0DIX60 | Long             | EC               | CORP              | CH        |      2866 | NS      | $1955485.83   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Infineon Technologies AG                    | INFINEON TECH                                 | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     52197 | NS      | $2199903.72   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Denso Corp.                                 | DENSO CORP                                    | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    139915 | NS      | $1844522.17   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Premier Foods PLC                           | PREMIER FOODS                                 | CUSIP: G7S17N124<br>LEI: 213800ZD5I8XHNMCJA67 | Long             | EC               | CORP              | GB        |    783143 | NS      | $1853543.82   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Andritz AG                                  | ANDRITZ AG                                    | CUSIP: A11123105<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |     28574 | NS      | $2063493.62   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Wolters Kluwer NV                           | WOLTERS KLUWER                                | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     15138 | NS      | $1608632.02   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Verbund AG                                  | VERBUND AG                                    | CUSIP: A91460104<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |     28196 | NS      | $2077083.53   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Hang Seng Bank Ltd.                         | HANG SENG BANK                                | CUSIP: Y30327103<br>LEI: 5493009Z5F07LWZYMK62 | Long             | EC               | CORP              | HK        |    133486 | NS      | $2609452.28   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Krones AG                                   | KRONES AG                                     | CUSIP: D47441171<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |     14093 | NS      | $2135203.94   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortum Oyj                                  | FORTUM OYJ                                    | CUSIP: X2978Z118<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |    107449 | NS      | $2205696.13   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Swire Properties Ltd.                       | SWIREPROPERTIES                               | CUSIP: Y83191109<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    724409 | NS      | $1987394.45   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| SMC Corp.                                   | SMC CORP                                      | CUSIP: J75734103<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      6801 | NS      | $2389156.97   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Tate & Lyle PLC                             | TATE & LYLE                                   | CUSIP: G86838151<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |    337189 | NS      | $1671996.81   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| CLP Holdings Ltd.                           | CLP HOLDINGS                                  | CUSIP: Y1660Q104<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |    241922 | NS      | $2112921.03   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa SA - Empresa Nacional Electricidad   | ENDESA                                        | CUSIP: E41222113<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     64084 | NS      | $2323974.29   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider Electric SE                       | SCHNEIDER ELECTR                              | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      7365 | NS      | $1973683.29   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Aker BP ASA                                 | AKER BP ASA                                   | CUSIP: R0139K100<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |     78553 | NS      | $1911960.26   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Nutrien Ltd                                 | NUTRIEN LTD                                   | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     34998 | NS      | $2036034.18   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Clariant AG                                 | CLARIANT AG-REG                               | CUSIP: H14843165<br>LEI: 529900VSEKBY7TMPP349 | Long             | EC               | CORP              | CH        |    220495 | NS      | $1998609.99   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| EssilorLuxottica SA                         | ESSILORLUXOTTICA                              | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      6273 | NS      | $2246490.84   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Vector Limited                              | VECTOR LTD                                    | CUSIP: Q9389B109<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |    744646 | NS      | $2045214.64   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| London Stock Exchange Group PLC             | LONDON STOCK EX                               | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     17917 | NS      | $2112709.46   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| First Gen Corp.                             | FIRST GEN CORPOR                              | CUSIP: Y2518H114<br>LEI: 2549001NILAZ2IS02Y35 | Long             | EC               | CORP              | PH        |   7352533 | NS      | $2103947.88   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| SGS SA                                      | SGS SA-REG                                    | CUSIP: H63838116<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |     19733 | NS      | $2264297.62   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Orlen SA                                    | ORLEN SA                                      | CUSIP: X6922W204<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |     83073 | NS      | $2140103.97   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

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

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer