Fund Description: FormulaFolios Smart Growth ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the Northern Lights Fund Trust IV, an open-end investment management company. INVESTMENT OBJECTIVE: The FormulaFolios Smart Growth ETF seeks to provide capital growth. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specified index. Rather, the Adviser has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing through other unaffiliated exchange traded funds (ETFs) primarily in domestic and foreign (including emerging markets) growth-oriented equity securities of any market capitalization (which include real estate investment trusts (REITs)) and US Treasuries or other cash equivalents. The Fund will generally be 100% invested in growth-oriented equity ETFs when the adviser’s investment models indicate a bullish trend for the equity market, and will generally be 50% invested in growth-oriented equity ETFs and 50% invested in US treasuries and/or other cash equivalents to hedge risk when the adviser’s models indicate a bearish trend for the equity markets. Half of the Fund’s portfolio is allocated to a basket of growth-oriented equity ETFs. With the other half of the portfolio, the adviser uses its investment model to identify trends in the equity markets. FUND MANAGEMENT: FormulaFolio Investments, LLC serves as the Adviser to the Fund.