MVFD
Monarch Volume Factor Dividend Tree Index ETF
Northern Lights Fund Trust IV
ETFIndex fund
Expense ratio1
1.19%
Net assets2
$99.08M
Holdings2
39
Category
US Equity
2025 return3
10.12%

Investment objective & strategy

As of June 25, 2025 · prospectus

Objective. The Monarch Volume Factor Dividend Tree Index ETF (the ?Fund?) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Volume Factor Dividend Tree Index (the ?Index?).

Strategy. The Fund invests at least 80% of its total assets in the constituents of the Index. The Index uses proprietary ?Volume Factor? methodology to identify specific areas of the market with positive cash flow. The Index consists of 40 equally-weighted individual stocks that demonstrate positive cash flow and an ability to pay dividends and up to 5 fixed income ETFs if the cash flow trend is negative. Only ETFs that provide exposure to short-term U.S. treasury securities are eligible for the Index. Kingsview Wealth Management LLC (the ?Adviser?) is the Index provider. The Index follows a proprietary rules-based methodology that screens 3,000 equities from the Russell 3000 of U.S. origin or exposure to identify stocks with potential for positive cash … The Fund invests at least 80% of its total assets in the constituents of the Index. The Index uses proprietary ?Volume Factor? methodology to identify specific areas of the market with positive cash flow. The Index consists of 40 equally-weighted individual stocks that demonstrate positive cash flow and an ability to pay dividends and up to 5 fixed income ETFs if the cash flow trend is negative. Only ETFs that provide exposure to short-term U.S. treasury securities are eligible for the Index. Kingsview Wealth Management LLC (the ?Adviser?) is the Index provider. The Index follows a proprietary rules-based methodology that screens 3,000 equities from the Russell 3000 of U.S. origin or exposure to identify stocks with potential for positive cash flow and dividend growth. The Adviser then applies its proprietary ?Volume Factor? ranking methodology to generate a composite score for each stock based on its capital-weighted volume, price, and the relationship between trading volume and price as measured by the proprietary ?Volume Price Confirmation Indicator.? The 40 highest scoring stocks are selected for the Index when capital flow trends are positive. The Index is reconstituted quarterly. Based on these factors, the Fund at any given time may have a significant percentage of its assets invested in one or more sectors relative to other sectors. As of February 28, 2025, the Index was not allocated more than 25% to any one sector. When capital flow trends are negative, the Index reduces its exposure to equities and increases its exposure to fixed income ETFs up to 50% of the Index. The Adviser utilizes a sub-adviser, Penserra Capital Management LLC (the ?Sub-Adviser?), to manage the assets of the Fund. The Sub-Adviser uses a replication indexing strategy to manage the Fund. ?Replication indexing? is a strategy in which a fund invests in substantially all of the securities in its underlying index in approximately the same proportions as in the underlying index. The index is sponsored by Solactive A.G. (?Solactive?), which is independent of the Fund, the Adviser and the Sub-Adviser. Solactive calculates and publishes the market value of the Index based on the Index?s constituents. The Index is unmanaged and cannot be invested in directly.

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
KULICKE and SOFFA INDUSTRIES INC $4.13M 4.17%
INTERNATIONAL SE $3.62M 3.66%
CLEAR SECURE INC $3.46M 3.49%
RUSH ENTERPRISES INC CL A $2.87M 2.90%
DUPONT DE NEMOURS INC $2.84M 2.87%
HALLIBURTON CO $2.84M 2.86%
SNAP-ON INCORPORATED $2.83M 2.85%
ENERSYS INC $2.82M 2.85%
BRISTOL-MYERS SQUIBB CO $2.74M 2.77%
DELL TECHNOLOGIES INC CL C $2.70M 2.72%
View all holdings →

Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
27
Exited
28
Increased
11
Decreased
1
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of February 28, 2025 · N-CEN
FirmRole
Penserra Capital Management LLC Sub-adviser
Kingsview Wealth Management LLC Adviser

Footnotes

  1. Expense ratio as of June 25, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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