Fund Description: FormulaFolios Income 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 Income ETF seeks to provide income. 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 primarily in foreign and domestic fixed income securities through other exchange traded funds (ETFs). The fixed income securities in which the Fund will invest are US Treasuries, investment grade US bonds, high-yield US bonds (also known as junk bonds), US aggregate bond, and international government bonds of any maturity and duration. The adviser uses its proprietary investment model to rank these 5 major fixed income asset classes based on the strongest combination of yield spread and price momentum (higher price momentum and lower yield spreads). A yield spread is the difference between yields on fixed income securities of varying maturities, credit ratings and risk, which is calculated by deducting the yield of one instrument from another. Price momentum measures the rate of the rise or fall in stock prices. The three highest-ranked asset classes are allocated to the portfolio and the two lowest ranked are not. In addition, if an asset class is not displaying positive momentum, it is not included in the portfolio even it is one of the three highest ranked asset classes. The adviser utilizes low-cost, index-tracking ETF’s. These ETF’s must have a competitive expense ratio, illustrate the ability to closely track the desired asset class’ benchmark, and maintain an appropriate amount of daily trading volume to help avoid liquidity issues. This process is repeated monthly. The weighting for any individual asset class depends on the prevailing market conditions, with a maximum weight of 56.67% for high-yield US bonds and US treasuries and a maximum weight of 21.67% for US aggregate bond, investment grade US bonds, and international government bonds. FUND MANAGEMENT: FormulaFolio Investments, LLC serves as the Adviser to the Fund.