# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0001752724-23-041646
**Filing Date:** 2023-2
**Character Count:** 17634
**Document Hash:** b6a89422a6450b641855a15dd2900de7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041646.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041646

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust IV
- **CENTRAL INDEX KEY:** 0001644419
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0916

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23066
- **FILM NUMBER:** 23671733

**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

### USA Mutuals Vice Fund (Series ID: S000070210)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000223274 | USA Mutuals Vice Fund Class A             | VICAX           |
| C000223275 | USA Mutuals Vice Fund Institutional Class | VICVX           |
| C000223276 | USA Mutuals Vice Fund Investor Class      | VICEX           |
| C000223277 | USA Mutuals Vice Fund Class C             | VICCX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.0%** |  |
|  | **AEROSPACE & DEFENSE - 23.7%** |  |
| 501748 | BAE Systems plc | &nbsp;&nbsp;&nbsp; $5192044 |
| 12700 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; 6929248 |
| 57958 | Raytheon Technologies Corporation | &nbsp;&nbsp;&nbsp; 5849121 |
|  |  | &nbsp;&nbsp; 17970413 |
|  | **BEVERAGES - 29.0%** |  |
| 15000 | Carlsberg A/S - Series B | &nbsp;&nbsp;&nbsp; 1993723 |
| 19000 | Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp; 4403250 |
| 24500 | Diageo plc - ADR | &nbsp;&nbsp;&nbsp; 4365655 |
| 50000 | Duckhorn Portfolio, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 828500 |
| 45000 | Heineken N.V. | &nbsp;&nbsp;&nbsp; 4234500 |
| 20000 | Molson Coors Beverage Company, Class B | &nbsp;&nbsp;&nbsp; 1030400 |
| 26500 | Pernod Ricard S.A. | &nbsp;&nbsp;&nbsp; 5214021 |
|  |  | &nbsp;&nbsp; 22070049 |
|  | **BIOTECH & PHARMA - 0.1%** |  |
| 33333 | Mind Medicine MindMed, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 73333 |
|  | **GAMING REITS - 1.9%** |  |
| 28322 | Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp; 1475293 |
|  | **LEISURE FACILITIES & SERVICES - 27.6%** |  |
| 100000 | DraftKings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1139000 |
| 22500 | Evolution A.B. | &nbsp;&nbsp;&nbsp; 2189717 |
| 10000 | Flutter Entertainment plc - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 682200 |
| 1155000 | Galaxy Entertainment Group Ltd. | &nbsp;&nbsp;&nbsp; 7635317 |
| 41000 | Las Vegas Sands Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1970870 |
| 1400000 | Melco International Development Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1517378 |
| 45000 | Penn Entertainment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1336500 |
| 850000 | Sands China Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2820422 |
| 1474600 | Wynn Macau Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1643572 |
|  |  | &nbsp;&nbsp; 20934976 |
|  | **LEISURE PRODUCTS - 2.1%** |  |
| 65000 | Vista Outdoor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1584050 |

---

---

| | | |
|:---|:---|:---|
| **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** | **USA MUTUALS VICE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.0% (Continued)** |  |
|  | **REAL ESTATE INVESTMENT TRUSTS - 1.0%** |  |
| 70000 | GEO Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $766500 |
|  | **TOBACCO & CANNABIS - 13.6%** |  |
| 25000 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 1142750 |
| 93000 | British American Tobacco plc - ADR | &nbsp;&nbsp;&nbsp; 3718140 |
| 27000 | Canopy Growth Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 62370 |
| 180000 | Cronos Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 457200 |
| 48500 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 4908685 |
|  |  | &nbsp;&nbsp; 10289145 |
|  | **TOTAL COMMON STOCKS (Cost $54,717,837)** | &nbsp;&nbsp; 75163759 |
|  | **TOTAL INVESTMENTS - 99.0% (Cost $54,717,837)** | &nbsp;&nbsp;&nbsp; $75163759 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 1.0%** | &nbsp;&nbsp; 759759 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $75923518 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| A/S | - Anonim Sirketi |
| LTD | - Limited Company |
| NV | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| S/A | - Société Anonyme |

---

(a) Non-income producing security.

## 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:** USA Mutuals Vice Fund

- **b. EDGAR series identifier (if any):** S000070210

- **c. LEI of Series:** 5493000SV0I7TM6ZCV82

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $76739432.24

**Total Liabilities:** $815914.42

**Net Assets:** $75923517.82

**Cash Not Reported:** $1115831.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223275 | 1.80%                | 10.34%               | 1.36%                |
| Class ID C000223276 | 1.80%                | 10.34%               | 1.35%                |
| Class ID C000223277 | 1.71%                | 10.25%               | 1.34%                |
| Class ID C000223274 | 1.77%                | 10.33%               | 1.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1223622.10              | $65418.79                                  |
| Month 2  | $636218.54               | $6309986.18                                |
| Month 3  | $533.61                  | $887475.60                                 |

### 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                                     | FIRST AM GOVT OB FD CL X  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| The Duckhorn Portfolio Inc              | DUCKHORN PORTFOL          | CUSIP: 26414D106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $828500.00    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Heineken N.V.                           | Heineken NV               | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     45000 | NS      | $4234500.48   | 5.58%             |  |  |  | No            | 1                  | On Loan: No      |
| GEO Group Inc                           | GEO GROUP INC/TH          | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |     70000 | NS      | $766500.00    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Vista Ootdoor Inc                       | VISTA OUTDOOR             | CUSIP: 928377100<br>LEI: 549300QI2D33ESTJLN81 | Long             | EC               | CORP              | US        |     65000 | NS      | $1584050.00   | 2.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Pernod Ricard SA                        | PERNOD RICARD SA          | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     26500 | NS      | $5214021.84   | 6.87%             |  |  |  | No            | 1                  | On Loan: No      |
| PENN Entertainment Inc                  | PENN ENTERTAINME          | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $1336500.00   | 1.76%             |  |  |  | No            | 1                  | On Loan: No      |
| DraftKings Inc New                      | DRAFTKINGS INC            | CUSIP: 26142V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1139000.00   | 1.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Sands China Ltd                         | Sands China Ltd           | CUSIP: G7800X107<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |    850000 | NS      | $2820421.83   | 3.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Gaming and Leisure Properties Inc       | GAMING AND LEISU          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     28322 | NS      | $1475292.98   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Mind Medicine (MindMed) Inc.            | MIND MEDICINE MI          | CUSIP: 60255C885<br>LEI: 529900UG3DGE202N5D44 | Long             | EC               | CORP              | CA        |     33333 | NS      | $73332.60     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc.        | PHILIP MORRIS IN          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     48500 | NS      | $4908685.00   | 6.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Brands, Inc.              | CONSTELLATION-A           | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     19000 | NS      | $4403250.00   | 5.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution AB                            | EVOLUTION AB              | CUSIP: W3287P115<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |     22500 | NS      | $2189717.01   | 2.88%             |  |  |  | Yes           | 1                  | On Loan: No      |
| British American Tobacco PLC            | BRIT AMER TO-ADR          | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     93000 | NS      | $3718140.00   | 4.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Melco International Development Limited | MELCO INTL DEV            | CUSIP: Y59683188<br>LEI: 5299005YLKSGQRHYMI33 | Long             | EC               | CORP              | HK        |   1400000 | NS      | $1517377.97   | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Canopy Growth Corporation               | CANOPY GROWTH CO          | CUSIP: 138035100<br>LEI: 529900CSD7NH1UBC9X07 | Long             | EC               | CORP              | CA        |     27000 | NS      | $62370.00     | 0.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Flutter Entertainment PLC               | FLUTTER ENT-ADR           | CUSIP: 344044102<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |     10000 | NS      | $682200.00    | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Cronos Group Inc                        | CRONOS GROUP INC          | CUSIP: 22717L101<br>LEI: 549300CWB04E8UOTWX71 | Long             | EC               | CORP              | CA        |    180000 | NS      | $457200.00    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Diageo PLC                              | DIAGEO PLC-ADR            | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     24500 | NS      | $4365655.00   | 5.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Raytheon Technologies Corporation       | RAYTHEON TECHNOL          | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     57958 | NS      | $5849121.36   | 7.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group, Inc.                      | ALTRIA GROUP INC          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     25000 | NS      | $1142750.00   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| BAE Systems PLC                         | BAE SYSTEMS PLC           | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    501748 | NS      | $5192044.29   | 6.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Carlsberg A/S                           | CARLSBERG-B               | CUSIP: K36628137<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |     15000 | NS      | $1993722.83   | 2.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Galaxy Entertainment Group Ltd.         | Galaxy Entertainment Grou | CUSIP: Y2679D118<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |   1155000 | NS      | $7635316.83   | 10.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Wynn Macau Ltd                          | WYNN MACAU LTD            | CUSIP: G98149100<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | EC               | CORP              | KY        |   1474600 | NS      | $1643572.47   | 2.16%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                     | US BANK LINE OF CREDIT    | CUSIP: N/A<br>LEI: N/A                        | Short            | DBT              |  | US        |   -564000 | PA      | $-564000.00   | -0.74%            | N/A             | Fixed         | 0.00%                 | No            | N/A                | On Loan: No      |
| Molson Coors Beverage Company           | MOLSON COORS-B            | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     20000 | NS      | $1030400.00   | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Las Vegas Sands Corp                    | LAS VEGAS SANDS           | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     41000 | NS      | $1970870.00   | 2.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Northrop Grumman Corporation            | NORTHROP GRUMMAN          | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     12700 | NS      | $6929247.00   | 9.13%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

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

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer