Form N-CSR Cover
Form N-CSR Cover | 12 Months Ended |
May 31, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | Northern Lights Fund Trust IV |
Entity Central Index Key | 0001644419 |
Entity Investment Company Type | N-1A |
Document Period End Date | May 31, 2024 |
Shareholder Report
Shareholder Report | 12 Months Ended | 120 Months Ended |
May 31, 2024 USD ($) Holding | May 31, 2024 USD ($) Holding | |
Shareholder Report [Line Items] | ||
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | Northern Lights Fund Trust IV | |
Entity Central Index Key | 0001644419 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | May 31, 2024 | |
C000220403 | ||
Shareholder Report [Line Items] | ||
Fund Name | Sterling Capital Focus Equity ETF | |
Trading Symbol | LCG | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Sterling Capital Focus Equity ETF for the period of June 1, 2023 to May 31, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find additional information about the Fund at www.sterlingcapital.com/etf | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | (888) 228-1872 | |
Additional Information Website | www.sterlingcapital.com/etf</span>/" id="sjs-B19"><span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; margin: 0px; overflow: visible; text-align: left;">www.sterlingcapital.com/etf</span>/ | |
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Sterling Capital Focus Equity ETF $59 0.59% | |
Expenses Paid, Amount | $ 59 | |
Expense Ratio, Percent | 0.59% | |
Performance Past Does Not Indicate Future [Text] | The Fund's past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | Sterling Capital Focus Equity ETF - NAV Russell 1000 ® Russell 3000 ® 08/26/20 $10,000 $10,000 $10,000 05/31/21 $11,032 $11,400 $12,513 05/31/22 $8,416 $10,687 $12,052 05/31/23 $9,676 $11,708 $12,297 05/31/24 $10,496 $15,641 $15,689 | |
Average Annual Return [Table Text Block] | Class Name 1 Year Since Inception (August 26, 2020) Sterling Capital Focus Equity ETF - NAV 8.47% 1.30% Sterling Capital Focus Equity ETF - Market Price 8.34% 1.28% Russell 1000 ® 33.60% 12.63% Russell 3000 ® 27.58% 12.72% | |
Performance Inception Date | Aug. 26, 2020 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. | |
AssetsNet | $ 62,322,485 | $ 62,322,485 |
Holdings Count | Holding | 20 | 20 |
Advisory Fees Paid, Amount | $ 374,147 | |
InvestmentCompanyPortfolioTurnover | 28% | |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $62,322,485 Number of Portfolio Holdings 20 Advisory Fee $374,147 Portfolio Turnover 28% | |
Holdings [Text Block] | Asset Weighting (% of total investments) Value Value Common Stocks 100.0% | |
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets Adyen N.V. 15.8% S&P Global, Inc. 8.5% CoStar Group, Inc. 7.6% IDEXX Laboratories, Inc. 6.5% Shopify, Inc., Class A 5.9% Alphabet, Inc., Class C 4.7% MSCI, Inc. 4.7% Okta, Inc. 4.5% Amazon.com, Inc. 4.5% HubSpot, Inc. 4.2% | |
Material Fund Change [Text Block] | Material Fund Changes As previously announced, Guardian Capital Group Limited (“Guardian”) entered into a unit purchase agreement under which Guardian’s wholly-owned subsidiary, Guardian Capital, would acquire 100% of the ownership interests of Sterling Capita Management LLC (“Sterling Capital”) from Truist Financial Corporation (the “Acquisition”). The closing of the Acquisition (the “Closing”) occurred on July 2, 2024. Effective upon the Closing of the Acquisition, Sterling Capital is a wholly-owned subsidiary of Guardian Capital and an indirect, wholly-owned subsidiary of Guardian. Guardian has indicated that it plans to operate Sterling Capital as a standalone entity, led by the current team of management and senior professionals. Pursuant to the requirements of the Investment Company Act of 1940 (“1940 Act”) and the terms of the prior investment advisory agreement between Sterling Capital and the Fund (the “Prior Agreement”), the Acquisition resulted in the automatic termination of the Prior Agreement. In anticipation of the termination of the Prior Agreement, the Board of Trustees of the Trust approved a new investment advisory agreement containing substantially similar terms as the Prior Agreement, including identical advisory fees (the “New Agreement”). At a special shareholder meeting held on June 24, 2024, shareholders approved the New Agreement with respect to the Fund. Accordingly, the New Agreement took effect with respect to each of the Approved Funds as of the Closing. This is a summary of certain changes to the Fund since May 31, 2023. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by October 1, 2024 at www.sterlingcapital.com/etf |
Shareholder Report, Line Graph
Shareholder Report, Line Graph (Details) - USD ($) | 12 Months Ended | ||||
Aug. 26, 2020 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | |
C000220403 | |||||
Account Value [Line Items] | |||||
Line Graph and Table Measure Name | Sterling Capital Focus Equity ETF | ||||
Account Value | $ 10,000 | $ 10,496 | $ 9,676 | $ 8,416 | $ 11,032 |
Russell 3000 Total Return | |||||
Account Value [Line Items] | |||||
Line Graph and Table Measure Name | ®</sup> Total Return Index" id="sjs-B9">Russell 3000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Total Return Index | ||||
Account Value | $ 10,000 | 15,689 | 12,297 | 12,052 | 12,513 |
Russell 1000 Growth Total Return | |||||
Account Value [Line Items] | |||||
Line Graph and Table Measure Name | ®</sup> Growth Index" id="sjs-B13">Russell 1000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Growth Index | ||||
Account Value | $ 10,000 | $ 15,641 | $ 11,708 | $ 10,687 | $ 11,400 |
Shareholder Report, Average Ann
Shareholder Report, Average Annual Return (Details) | 12 Months Ended | 45 Months Ended | |
Aug. 26, 2020 | May 31, 2024 | May 31, 2024 | |
C000220403 | |||
Average Annual Return [Line Items] | |||
Line Graph and Table Measure Name | Sterling Capital Focus Equity ETF | ||
Without Sales Load [Member] | C000220403 | |||
Average Annual Return [Line Items] | |||
Average Annual Return, Percent | 8.47% | 1.30% | |
Russell 3000 Total Return | |||
Average Annual Return [Line Items] | |||
Line Graph and Table Measure Name | ®</sup> Total Return Index" id="sjs-B11">Russell 3000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Total Return Index | ||
Average Annual Return, Percent | 27.58% | 12.72% | |
Russell 1000 Growth Total Return | |||
Average Annual Return [Line Items] | |||
Line Graph and Table Measure Name | ®</sup> Growth Index" id="sjs-B15">Russell 1000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Growth Index | ||
Average Annual Return, Percent | 33.60% | 12.63% | |
Sterling Capital Focus Equity ETF - Market Price | |||
Average Annual Return [Line Items] | |||
Average Annual Return, Percent | 8.34% | 1.28% |
Shareholder Report, Holdings (D
Shareholder Report, Holdings (Details) - C000220403 | May 31, 2024 |
Adyen N.V. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 15.80% |
S&P Global, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 8.50% |
CoStar Group, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 7.60% |
IDEXX Laboratories, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.50% |
Shopify, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.90% |
Alphabet, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.70% |
MSCI, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.70% |
Okta, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.50% |
Amazon.com, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.50% |
HubSpot, Inc. | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.20% |
Consumer Discretionary | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.50% |
Communications | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.70% |
Industrials | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.80% |
Health Care | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.50% |
Technology | |
Holdings [Line Items] | |
Percent of Net Asset Value | 78.50% |
InvestmentType_CommonStocks | |
Holdings [Line Items] | |
Percent of Total Investments | 100% |