Fund Facts

The Fund’s adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, until at least March 31, 2024, to ensure that total annual fund operating expenses after fee waiver and/or reimbursement (exclusive of any taxes, brokerage fees and commissions, borrowing costs, acquired fund fees and expenses, fees and expenses associated with investments in other collective investment vehicles or derivative instruments, or extraordinary expenses such as litigation) will not exceed 1.50% and 1.25% for Class N and Institutional Class Shares, respectively.

Top Ten Fund Holdings

Company GICS Industry Group Country % of Assets
Tidewater Inc. Energy USA 4.86% Corp Consumer Services Argentina 4.81%
Conduit Holdings Ltd Insurance Bermuda 4.03%
Hammerson PLC Equity Real Estate Investment UK 3.99%
EXOR NV Financial Services Italy 3.76%
Cia. Brasileira de Distribuição Consumer Staples Distribution Brazil 3.72%
Enerflex Ltd Energy Canada 3.35%
Spectrum Brands Holding Inc Household & Personal Products USA 3.11%
Itau CorpBanca Chile SA Banks Chile 3.11%
Straits Trading Co Ltd Materials Singapore 3.03%
as of March 31, 2023

Country Weights (%)

Canada 24.71%
United States 10.42%
United Kingdom 7.88%
India 6.38%
Italy 5.82%
Argentina 5.47%
Bermuda 4.81%
Singapore 4.03%
Australia 3.72%
Uruguay 3.03%
Colombia 2.95%
Other 15.63%
Cash 5.13%
Total 100.00%
as of March 31, 2023

GICS Industry Group Weights (%)

Financial Services 15.34%
Materials 14.66%
Banks 14.36%
Energy 12.46%
Consumer Services 7.65%
Equity Real Estate Investment 6.72%
Real Estate Mgmt. & Development 5.26%
Transportation 4.54%
Insurance 4.46%
Consumer Staples Distribution 3.72%
Household &
Personal Products
Capital Goods 2.58%
Cash 5.13%
Total 100.00%
as of March 31, 2023

Moerus Worldwide Value Fund (the Fund) is a series within the Northern Lights Fund Trust IV and is offered by prospectus only. Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus is available on the Regulatory Resources page or by calling 1-844-MOERUS1. The prospectus should be read carefully before investing.

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed.

Investing involves risk, including the possible loss of principal. Equity securities are subject to market, economic and business risks that may cause their prices to fluctuate. Investments made in small and mid-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Fund investments may be concentrated in a particular country geographic region, sector, industry, or group of industries, and the value of Fund shares may rise and fall more than more diversified funds. Foreign investing involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more developed countries. Frontier market countries generally have smaller economies and less developed capital markets than even traditional emerging markets, and, as a result, the risks of investing in emerging market countries are magnified in frontier market countries. Currency risk is the risk that the values of foreign investments may be affected by changes in the currency rates or exchange control regulations. Significant investments in cash or cash equivalents may run the risk that the value of the cash account, including interest, will not keep pace with inflation. Please see the prospectus for details of these and other risks.