0001752724-23-239133.txt : 20231027 0001752724-23-239133.hdr.sgml : 20231027 20231027085328 ACCESSION NUMBER: 0001752724-23-239133 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20231027 DATE AS OF CHANGE: 20231027 PERIOD START: 20231130 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: 231352469 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 0001644419 S000053886 Moerus Worldwide Value Fund C000169568 Moerus Worldwide Value Fund Class N MOWNX C000169569 Moerus Worldwide Value Fund Institutional Class MOWIX NPORT-P 1 primary_doc.xml NPORT-P false 0001644419 XXXXXXXX S000053886 C000169568 C000169569 Northern Lights Fund Trust IV 811-23066 0001644419 549300UIBIHXQ3PDEC28 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 Moerus Worldwide Value Fund S000053886 549300G1KOB3U67B5X63 2023-11-30 2023-08-31 N 61165754.75 1007710.17 60158044.58 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Cia Brasileira Distr(Pao De Acucar) 5299003V5B6KLICZCC14 PAO ACUCAR P30558103 873120.00000000 NS 872961.28000000 1.451113123929 Long EC CORP BR N 1 N N N John Wood Group PLC 549300PLYY6I10B6S323 John Wood Group PLC G9745T118 827629.00000000 NS 1675366.59000000 2.784941900450 Long EC CORP GB N 1 N N N Copa Holdings SA 529900BB9UQJV6QQHA59 COPA HOLDINGS SA-CLASS A P31076105 9577.00000000 NS USD 973980.90000000 1.619036833394 Long EC CORP PA N 1 N N N Nuvama Wealth Management Limited 3358002Y23HZBJW49C38 NUVAMA WEALTH MA Y2R495101 12274.00000000 NS 360558.22000000 0.599351628726 Long EC CORP IN N 3 N N N N/A N/A CURRENCY CONTRACT - GBP N/A 49597.95000000 NC USD -199.70000000 -0.00033195892 N/A DFE CORP N/A N 2 BANK OF NY N/A -49597.95000000 USD 38995.47000000 GBP 2023-09-01 -199.70000000 N N N Almacenes Exito S.A. 549300OT5L7B87VWHP86 ALMACENES EX-BDR P01704132 941156.00000000 NS 2741212.61000000 4.556685027144 Long EC CORP CO N 1 N N N Jefferies Financial Group Inc 549300HOF34RGOJ5YL07 JEFFERIES FINANC 47233W109 42484.00000000 NS USD 1516253.96000000 2.520450873338 Long EC CORP US N 1 N N N Spectrum Brands Holdings Inc 549300JM0MJETDD30O20 SPECTRUM BRANDS 84790A105 20392.00000000 NS USD 1696002.64000000 2.819244960239 Long EC CORP US N 1 N N N N/A N/A CURRENCY CONTRACT - EUR N/A 89858.35000000 NC USD 23.50000000 0.000039063769 N/A DFE CORP N/A N 2 BANK OF NY N/A -89858.35000000 USD 82844.10000000 EUR 2023-09-01 23.50000000 N N N Aker ASA 5967007LIEEXZXJ10071 AKER ASA-A SHARE R0114P108 25982.00000000 NS 1603428.84000000 2.665360636627 Long EC CORP NO N 1 N N N IDFC First Bank Ltd. 335800SBNAPYVT1D2K13 IDFC FIRST BANK Y3R5A4107 1583991.00000000 NS 1789061.31000000 2.973935277468 Long EC CORP IN N 1 N N N Major Drilling Group Intl Inc 549300O1MNHCX2FUBC21 MAJOR DRILLING 560909103 200878.00000000 NS 1293177.30000000 2.149633202057 Long EC CORP CA N 1 N N N Bajaj Holdings & Investment Ltd 335800NL7NWD9IPOHL48 BAJAJ HOLDINGS AND INVEST Y0546X143 15927.00000000 NS 1433279.30000000 2.382523085659 Long EC CORP IN N 1 N N N Sino Land Co Ltd. 529900G5P51053HJVZ92 SINO LAND Y80267126 1124301.00000000 NS 1288832.92000000 2.142411590998 Long EC CORP HK N 1 N N N N/A N/A CURRENCY CONTRACT - GBP N/A 144687.70000000 NC USD -1.59000000 -0.00000264303 N/A DFE CORP N/A N 2 BANK OF NY N/A -144687.70000000 USD 114216.66000000 GBP 2023-09-01 -1.59000000 N N N Osisko Mining Inc 254900SJU6CW31RVHW15 OSISKO MINING IN 688281104 424903.00000000 NS 886635.98000000 1.473844414641 Long EC CORP CA N 1 N N N Hammerson PLC 213800G1C9KKVVDN1A60 HAMMERSON PLC G4273Q164 6252911.00000000 NS 1902622.49000000 3.162706672537 Long EC CORP GB N 1 N N N Metro Bank Holdings Plc 984500CDDEAD6C2EDQ64 METRO BANK HOLDI G60643106 467377.00000000 NS 614556.86000000 1.021570538554 Long EC CORP GB N 1 N N N Edelweiss Financial Services Ltd. 335800GA1YN8NAGS8V55 EDELWEISS FIN SE Y22490208 1099660.00000000 NS 724460.16000000 1.204261483327 Long EC CORP IN N 1 N N N Turkiye Sigorta Anonim Sirketi 789000O7DB1JKMXK2Q45 TURKIYE SIGORTA M5246Z101 1959297.00000000 NS 1980265.81000000 3.291772237321 Long EC CORP TR N 1 N N N Cromwell Property Group N/A CROMWELL PROPERT Q2995J103 4462393.00000000 NS 1402358.98000000 2.331124606510 Long EC CORP AU N 1 N N N Westaim Corp 549300TSCVMK1W6GSK84 WESTAIM CORP/THE 956909303 644047.00000000 NS 1658453.31000000 2.756827156831 Long EC CORP CA N 1 N N N Dundee Corporation 549300LX18ZNW1LEMU13 DUNDEE CORP-A 264901109 1498262.00000000 NS 1385811.70000000 2.303618260326 Long EC CORP CA N 1 N N N Morgan Stanley Institutional Liquidity Funds IGJSJL3JD5P30I6NJZ34 MS LIQ-TR SE-INS 61747C525 2589213.02000000 PA USD 2589213.02000000 4.304017921587 Long STIV RF US N 1 N N N UniCredit S.p.A. 549300TRUWO2CD2G5692 UNICREDIT SPA T9T23L642 41715.00000000 NS 1021263.95000000 1.697634883464 Long EC CORP IT N 1 N N N EXOR S.p.A. 5493002ENHZ6NYET7405 EXOR NV N3140A107 20397.00000000 NS 1808886.60000000 3.006890620579 Long EC CORP IT N 1 N N N Teck Resources Limited T8KI5SQ2JRWHL7XY0E11 TECK RESOURCES-B 878742204 38622.00000000 NS USD 1595861.04000000 2.652780772948 Long EC CORP CA N 1 N N N Conduit Holdings Limited 21380085AE62D1BXSF19 CONDUIT HOLDI-WI G24385109 329086.00000000 NS 1934304.15000000 3.215370718088 Long EC CORP BM N 1 N N N Bancolombia S.A. 54930052NWJRPNMP1W58 BANCOLOMBIA SA P1329P141 181427.00000000 NS 1291153.26000000 2.146268664505 Long EC CORP CO N 1 N N N Enerflex Ltd 54930014N7872VUS3F89 ENERFLEX LTD 29269R105 257793.00000000 NS 1590902.69000000 2.644538566881 Long EC CORP CA N 1 N N N Cameco Corporation N4BHALMXL3GMZKCUON55 CAMECO CORP 13321L108 33991.00000000 NS 1257593.81000000 2.090483191034 Long EC CORP CA N 1 N N N Straits Trading Co 875500UD8EBMDH2VFY72 STRAITS TRADING Y81708110 920917.00000000 NS 1342255.89000000 2.231215956853 Long EC CORP SG N 1 N N N Standard Chartered PLC U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTER G84228157 153629.00000000 NS 1384862.06000000 2.302039685080 Long EC CORP GB N 1 N N N Arcos Dorados Holdings Inc 54930023P2MIZN13DQ85 ARCOS DORADOS-A G0457F107 142844.00000000 NS USD 1409870.28000000 2.343610550913 Long EC CORP UY N 1 N N N Grupo Financiero Galicia S.A. 5299008H3AXIXV5G3C23 GRUPO GALICI-ADR 399909100 88348.00000000 NS USD 1597331.84000000 2.655225666246 Long EC CORP AR N 1 N N N International Petroleum Corp 54930025D80LU0SMR645 INTERNATIONAL PE 46016U108 197957.00000000 NS 1855897.23000000 3.085035830132 Long EC CORP CA N 1 N N N Despegar.com, Corp 54930001I2HISZ4RBS65 DESPEGAR.COM COR G27358103 412321.00000000 NS USD 3277951.95000000 5.448900430333 Long EC CORP AR N 1 N N N Wheaton Precious Metals Corporation 549300XSFG5ZCGVYD886 WHEATON PRECIOUS 962879102 33986.00000000 NS USD 1481109.88000000 2.462031288318 Long EC CORP CA N 1 N N N Latam Airlines Group Sa 549300HX3UUDPEFTG707 LATAM AIRLINES GROUP SA P61894104 178763989.00000000 NS 1687441.50000000 2.805013879325 Long EC CORP CL N 1 N N N Tidewater Inc New 2549000JA5GRUPLMUH98 TIDEWATER INC 88642R109 36602.00000000 NS USD 2380228.06000000 3.956624715144 Long EC CORP US N 1 N N N Natura & Co Holding SA N/A NATURA &CO HOLDI P7S8B6105 590200.00000000 NS 1816770.28000000 3.019995567814 Long EC CORP BR N 1 N N N Nutrien Ltd 5493002QQ7GD21OWF963 NUTRIEN LTD 67077M108 23044.00000000 NS USD 1459146.08000000 2.425521125540 Long EC CORP CA N 1 N N N 2023-09-28 Northern Lights Fund Trust IV Sam Singh Sam Singh Treasurer XXXX NPORT-EX 2 moerus_nport.htm MOERUS 8.31.23

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MOERUS WORLDWIDE VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 96.4%      
    ASSET MANAGEMENT - 8.6%      
25,982   Aker ASA       $ 1,603,429
1,498,262   Dundee Corporation(a)         1,385,812
20,397   EXOR N.V.(b)         1,808,886
12,274   Nuvama Wealth Management Ltd.(a) (b) (c)         360,558
             

5,158,685

    BANKING - 12.9%      
181,427   Bancolombia S.A.         1,291,153
88,348   Grupo Financiero Galicia S.A. - ADR         1,597,332
1,583,991   IDFC First Bank Ltd.(a)         1,789,062
467,377   Metro Bank Holdings plc(a)         614,557
153,629   Standard Chartered plc         1,384,862
41,715   UniCredit SpA         1,021,264
             

7,698,230

    CHEMICALS - 2.4%      
23,044   Nutrien Ltd.         1,459,146
             
 
    HOUSEHOLD PRODUCTS - 5.8%      
590,200   Natura & Company Holding S.A.(a)         1,816,770
20,392   Spectrum Brands Holdings, Inc.         1,696,003
             

3,512,773

    INSTITUTIONAL FINANCIAL SERVICES - 3.7%      
1,099,660   Edelweiss Financial Services Ltd.         724,460
42,484   Jefferies Financial Group, Inc.         1,516,254
             

2,240,714

    INSURANCE - 9.3%      
329,086   Conduit Holdings Ltd.         1,934,304
1,959,297   Turkiye Sigorta A/S         1,980,267
644,047   Westaim Corporation (The)(a)         1,658,453
             

5,573,024

    INTERNET MEDIA & SERVICES - 5.4%      
412,321   Despegar.com Corporation(a)         3,277,952
             
 
 
 

 

MOERUS WORLDWIDE VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 96.4% (Continued)      
    LEISURE FACILITIES & SERVICES - 2.3%      
142,844   Arcos Dorados Holdings, Inc., Class A       $ 1,409,870
             
 
    METALS & MINING - 10.9%      
33,991   Cameco Corporation         1,257,594
200,878   Major Drilling Group International, Inc.(a)         1,293,177
424,903   Osisko Mining, Inc.(a)         886,636
38,622   Teck Resources Ltd., Class B         1,595,862
33,986   Wheaton Precious Metals Corporation         1,481,110
             

6,514,379

           
    OIL & GAS PRODUCERS - 3.1%      
197,957   International Petroleum Corporation/Sweden(a)         1,855,897
             
 
    OIL & GAS SERVICES & EQUIPMENT - 9.4%      
257,793   Enerflex Ltd.         1,590,903
827,629   John Wood Group plc         1,675,367
36,602   Tidewater, Inc.(a)         2,380,228
             

5,646,498

    REAL ESTATE INVESTMENT TRUSTS – 5.5%      
6,252,911   Hammerson plc         1,902,622
        4,462,393   Cromwell Property Group                              1,402,359
            3,304,981
             
 
    REAL ESTATE OWNERS & DEVELOPERS - 4.3%      
1,124,301   Sino Land Company Ltd.         1,288,833
920,917   Straits Trading Company Ltd.         1,342,256
             

2,631,089

    RETAIL - CONSUMER STAPLES - 6.0%      
941,156   Almacenes Exito S.A. - BDR(a)         2,741,212
873,120   Cia Brasileira de Distribuicao(a)         872,961
             

3,614,173

    SPECIALTY FINANCE - 2.4%      
15,927   Bajaj Holdings & Investment Ltd.         1,433,279
             
 
 
 

 

MOERUS WORLDWIDE VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 96.4% (Continued)      
    TRANSPORTATION & LOGISTICS - 4.4%      
9,577   Copa Holdings S.A., Class A       $ 973,981
178,763,989   Latam Airlines Group S.A.(a)         1,687,441
             

2,661,422

               
    TOTAL COMMON STOCKS (Cost $48,952,761)    

  57,992,112

               
    SHORT-TERM INVESTMENTS — 4.3%      
    MONEY MARKET FUNDS - 4.3%      
2,589,213   Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio, Institutional Class, 5.19% (Cost $2,589,213)(d)         2,589,213
             
 
    TOTAL INVESTMENTS - 100.7% (Cost $51,541,974)     $ 60,581,325
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.7)%    

(422,085)

    NET ASSETS - 100.0%        

$ 60,159,240

           
               
 

 

 

 

ADR  - American Depositary Receipt
A/S  - Anonim Sirketi
BDR  - Brazilian Depositary Receipt
LTD  - Limited Company
NV  - Naamioze Vennootschap
PLC  - Public Limited Company
S/A  - Société Anonyme
 

 

 

 

(a) Non-income producing security.
(b) Illiquid security. The total fair value of the security as of August 31,2023 was $360,558, representing 0.6% of net assets.
(c) Valued using unobservable inputs and fair valued by adviser.
(d)

Rate disclosed is the seven-day effective yield as of August 31, 2023.

 

   

 

 

 
 

 

 

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
MOERUS WORLDWIDE VALUE FUND
AUGUST 31, 2023
               
Diversification of Assets
Top 10 Holdings by Asset Class or Industry         % of Net Assets
Banking         12.9%
Metals & Mining         10.9%
Oil & Gas Services & Equipment         9.4%
Insurance         9.3%
Asset Management         8.6%
Retail - Consumer Staples         6.0%
Household Products         5.8%
Real Estate Investment Trusts         5.5%
Internet Media & Services         5.4%
Transportation & Logistics         4.4%
Other         18.2%
Total         96.4%
Money Market Fund         4.3%
Liabilities in Excess of Other Assets         (0.7)%
Grand Total         100.0%
 

 

 

 

 
 

 

 

SCHEDULE OF INVESTMENTS  (Unaudited) (Continued)
MOERUS WORLDWIDE VALUE FUND
AUGUST 31, 2023
               
Diversification of Assets
Country         % of Net Assets
Canada         24.0%
United States         9.3%
United Kingdom         9.3%
Argentina         8.1%
India         7.2%
Colombia         6.7%
Italy         4.8%
Brazil         4.5%
Turkey         3.3%
Bermuda         3.2%
Chile         2.8%
Norway         2.7%
Uruguay         2.3%
Australia         2.3%
Singapore         2.2%
Hong Kong         2.1%
Panama         1.6%
Total         96.4%
Money Market Fund         4.3%
Liabilities in Excess of Other Assets         (0.7)%
Grand Total         100.0%